Category: Blow
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Supermarket giant Morrisons backs farmers as inheritance tax row lands blow to Starmer
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In a setback for Prime Minister Sir Keir Starmer, one of Britain’s largest supermarkets has announced its public support for farmers opposed to the government’s planned inheritance tax (IHT) reforms. Sophie Throop, head of farming at Morrisons, posted a video message on X (formerly Twitter) declaring the retailer’s solidarity with…
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Morgan Stanley exit deals blow to Mark Carney’s Net Zero Banking Alliance
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Mark Carney’s pioneering initiative to encourage the financial sector to reduce greenhouse gas emissions has suffered another setback after Morgan Stanley became the latest US bank to leave the Net Zero Banking alliance. The US investment bank follows other Wall Street banks, including Goldman Sachs, Citigroup and Bank of America,…
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Ashtead to shift primary listing stateside, dealing fresh blow to London’s market allure
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In a major setback to the global standing of the London Stock Exchange, Ashtead, one of Britain’s largest equipment leasing groups, announced plans to shift its primary listing to the United States. The move deals another blow to London’s efforts to remain attractive to major companies, after a series of…
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Raphael Tuju suffers blow as Supreme Court paves the way for hotel auction
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Former Cabinet Minister Raphael Tuju has been dealt a blow after the High Court paved the way for a regional lender to auction off its prime Karen properties, over a Sh4.5 billion debt arising from a failed loan deal. A five-judge panel of the High Court recused themselves from the…
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Illumina wins Grail battle in blow to EU merger power By Reuters
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BRUSSELS (Reuters) – Europe’s top court on Tuesday backed U.S. gene sequencing company Illumina’s fight against EU antitrust investigations into its $7.1 billion bid for cancer diagnostic test maker Grail. “The European Court of Justice has set aside the General Court’s judgment and invalidated the decisions by which the Commission…
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Illumina wins Grail battle in blow to EU merger power By Reuters
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BRUSSELS (Reuters) – Europe’s top court on Tuesday backed U.S. gene sequencing company Illumina’s fight against EU antitrust investigations into its $7.1 billion bid for cancer diagnostic test maker Grail. “The European Court of Justice has set aside the General Court’s judgment and invalidated the decisions by which the Commission…
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Court Deals Double Blow To Kraken: SEC Lawsuit Moves Forward
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In a major legal setback for one of the largest cryptocurrency exchanges, a California judge has ruled to revoke its license. to rule Cryptocurrency platform Kraken is set to face a lawsuit filed by the US Securities and Exchange Commission (SEC). Kraken faces uphill legal battle The SEC alleges that…
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Blow for farmers as cane prices dip further on market glut
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The national average price of sugarcane delivered to various mills fell further this month, cutting into farmers’ profits but giving relief to consumers through lower retail prices. The Sugarcane Pricing Committee – an independent panel comprising the Agriculture and Food Authority, the Ministry of Agriculture, farmers, millers and sugar producing…
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Exclusive-In blow to Biden, Teamsters consider no endorsement in 2024 race By Reuters
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By Trevor Hunnicutt and Garrett Renshaw WASHINGTON (Reuters) – President Joe Biden is on the verge of failing to win a key union endorsement as leaders of the 1.3 million-member Truck Drivers Association consider not backing any candidate at all in the U.S. presidential race, two people familiar with the…
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Amid election nerves French city traders rush to secure funding as they foresee the worst blow to bonds
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Worst bond rout since sovereign debt crisis sees companies rush to Securing financing Ahead of a potential capital drought. A hit to stocks worth about $200 billion. French President Emmanuel Macron’s decision earlier this month to confront the gains of the far right across Europe Quick poll At home he…
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Binance.US Dealt Another Blow: North Dakota Revokes License
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Binance.US, the US arm of the world’s largest cryptocurrency exchange, is facing a blitz Regulatory audit Which threatens to undermine its grip on the lucrative American market. Increasing license revocations and operational restrictions in many states paint a bleak picture for the future of the exchange. Money Transfer Problems: Seizure…
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Binance.US Dealt Another Blow: North Dakota Revokes License
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Binance.US, the US arm of the world’s largest cryptocurrency exchange, is facing a blitz Regulatory audit Which threatens to undermine its grip on the lucrative American market. Increasing license revocations and operational restrictions in many states paint a bleak picture for the future of the exchange. Money Transfer Problems: Seizure…
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Blow as AfDB exits Nairobi waste power plant project on delays
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The African Development Bank (AfDB) has exited a multi-billion shilling renewable energy project in Nairobi’s Kibera slum due to repeated delays in the procurement of services to kick-start the project. The continental lender had in January 2018 awarded Asticom Kenya Limited a grant of $995,000 (Sh128.8 million at current exchange…
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Not a blow that Israel can shrug off
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The Prosecutor of the International Criminal Court in The Hague, Karim Khan, announced today that he will submit requests for arrest warrants against Prime Minister Benjamin Netanyahu and Defense Minister Yoav Galant, as well as against Yahya Sinwar and prominent Hamas figures Mohammed Deif and Ismail Haniyeh. . Who decides…