Category: Boosts
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Warm weather boosts UK retail sales in July, but big purchases still lag behind
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The delayed arrival of warm summer weather helped UK retail sales rebound in July, according to industry data, even as shoppers continued to avoid big purchases amid an ongoing cost of living crisis. Total UK retail sales rose 0.5% year-on-year in July, data from the British Retail Consortium showed. This…
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Dollar hits four-month low as weak US jobs data boosts rate cut bets By Reuters
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By Karen Brittl NEW YORK (Reuters) – The U.S. dollar fell to a four-month low on Friday after a weaker-than-expected July employment report raised expectations the Federal Reserve will cut interest rates by 50 basis points in September as the economy deteriorates. Employers added 114,000 jobs, missing expectations for a…
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Government scheme boosts UK chip start-ups with £10 million funding injection
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The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10m in private investment and grants, with nearly £20m in total commitments. This initiative works to promote innovation in various fields, from the efficiency of artificial intelligence to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second…
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Labour boosts clean energy funding with record £1.5bn auction
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The Labour government is set to significantly increase funding for clean energy projects, announcing a record £1.5bn for the summer subsidy auction – a 50% increase on previous figures. The push is aimed at revitalising the UK’s clean energy sector after the previous administration failed to secure any new offshore…
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SAP Q2 results top estimates as ongoing cloud demand boosts revenue By Investing.com
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SAP on Monday reported fiscal second-quarter results that beat Wall Street estimates as continued demand for its cloud services boosted performance. SAP SE ADR (NYSE:) shares rose about 4% in after-market trading following the news. For the three months ended June 30, SAP’s adjusted earnings were 1.10 euros per share…
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Wait-and-see ECB boosts euro comeback as King Dollar’s crown slips By Reuters
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By Naomi Rovnick and Dara Ranasinghe LONDON (Reuters) – Traders kept the euro on track for a strong comeback on Thursday as the European Central Bank’s dovish stance after a second interest rate cut in September took concerns about French policy off the currency’s path. As global markets brace for…
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Standard Chartered boosts private bank team with 14 new hires By Reuters
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HONG KONG (Reuters) – Standard Chartered has hired more than a dozen new bankers for its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow its wealth management business, the bank said in a statement on Thursday. The appointments include Nicholas Cheng,…
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Failed assassination boosts Trump’s victory odds to 71%
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The failed assassination attempt in Pennsylvania appears to have boosted Donald Trump’s chances of winning the winter election, at least in the eyes of the overachievers. Bettors on Polymarket are betting that Republican candidate Donald Trump has a 71% chance of winning this year’s U.S. presidential election and defeating Joe…
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Booming Turkish TV drama industry captures hearts and minds worldwide and boosts tourism
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Robert Badendick Published on July 12, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content ISTANBUL (AP) — Under Turkey’s blazing sun, tourists…
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CIBC boosts gold price forecasts. Says Trump Presidency would be more-bullish for bullion
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Amnesty International Image In a report released late yesterday, CIBC raised its gold price forecasts significantly, predicting a more bullish outlook for bullion, especially in the event of a Trump presidency. Main points: gold: 2024The new forecast is $2,290 per ounce, up from $2,100 per ounce previously. 2025The new forecast…
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India boosts defense ties with Bangladesh as it tries to become a counterweight to China
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Breadcrumb links BMN Business Article writer: Associated Press Ashok Sharma Posted on June 22, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content NEW DELHI (AP) — India and Bangladesh on Saturday moved to…
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Goldman Sachs Boosts S&P 500 Target on Upbeat Profit Outlook
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(Bloomberg) — Strategists at Goldman Sachs Group boosted their year-end target for the Standard & Poor’s 500 Index for the third time, reflecting Wall Street’s upbeat expectations for earnings growth and the U.S. economy. Most read from Bloomberg The bank’s equity strategists, led by David Kostin, now expect the benchmark…
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Riot Platforms Boosts Bitfarms Stake with Additional Share Acquisition
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Riot Platforms announced the purchase of an additional 1,432,063 shares of Bitfarms stock. The acquisition, which was completed on June 10 for approximately $2.7 per share, represents an investment of approximately $3.87 million. This latest move brings Riot’s total holdings to approximately 57.62 million shares, representing approximately 14% of Bitfarms.…
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MicroStrategy Boosts Stock Sale to $700M to Buy More Bitcoin
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MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to buy Bitcoin. The company is now seeking to Raised $700 millionup from the previously announced amount of $500 million. BREAKING: MicroStrategy has increased its fundraising to $700 million to buy…
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MicroStrategy Boosts Stock Sale to $700M to Buy More Bitcoin
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MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to buy Bitcoin. The company is now seeking to Raised $700 millionup from the previously announced amount of $500 million. BREAKING: MicroStrategy has increased its fundraising to $700 million to buy…
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Interactive Brokers Boosts Offerings with Cboe Europe Derivatives
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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‘Bad Boys: Ride or Die’ boosts Will Smith’s comeback and the box office with $56 million opening
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Breadcrumb links BMN Business Article writer: Associated Press Jake Coyle Published on June 9, 2024 • Last updated 2 hours ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content NEW YORK (AP) — The…
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Crude Oil Technical Analysis – Strong growth data boosts prices
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Basic overview The price of crude oil has declined steadily since it reached the $87.50 level following tit-for-tat reprisals between Iran and Israel. The decline came as a surprise as the market did not respond favorably to global growth expectations amid policy easing by China and other major central banks,…