Category: conflict
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UBS sets out forecasts for shekel as conflict widens
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In a survey of the Israeli economy, Swiss bank UBS notes that the economy has been in a difficult and complex situation since the Hamas attack on October 7, 2023, and sets a forecast for the shekel based on three scenarios. “GDP and the financial hit to the Israeli economy…
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European shares rise as energy stocks shine on wider Middle East conflict By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Friday, supported by energy shares in the region, after prices rose on concerns about a deeper conflict in the Middle East. The European index rose 0.2%. However, the index is on track to record its worst week since September 2,…
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Swedish union files lawsuit against Tesla over labour conflict By Reuters
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Written by Isabel Carlson STOCKHOLM (Reuters) – Swedish labor union IF Metall has filed a lawsuit against Tesla Inc (NASDAQ:), alleging the company failed to inform employee representatives of changes in the workplace, which is mandatory under the country’s labor laws, union officials said on Thursday. This was the second…
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Asia-Pacific stocks mixed amid dovish Fed signals, and broadening Middle East conflict
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Chachamal Asia-Pacific stock markets were mixed on Monday, following a rally on Wall Street on Friday after US Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole suggested the Fed could start cutting interest rates in September. Markets also monitored geopolitical developments in Tensions are rising in the Middle East…
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Oil prices no longer baking-in geopolitical risk premium for current ME conflict By Investing.com
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Oil prices have remained surprisingly stable despite rising geopolitical tensions in the Middle East, particularly in the wake of major violent incidents involving Hamas and Hezbollah leaders, Wells Fargo analysts said in a note dated Monday. These events, taking place in sensitive areas such as Tehran and Beirut, have exacerbated…
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Hindenburg Claims Sebi Chief Has Adani Conflict Which She Denies
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Breadcrumbs Path Links PMN Business Hindenburg Research has accused the head of India’s market regulator of a conflict of interest, which it says prevented a thorough examination of allegations of manipulation and fraud at the Adani Group, an allegation she has strongly denied. Article author: Bloomberg News Menaka Doshi Published…
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Explainer-Is the Hezbollah-Israel conflict about to spiral? By Reuters
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(Reuters) – A deadly missile strike on the occupied Golan Heights has added to fears that Israel and the Iranian-backed Lebanese group Hezbollah could slide into all-out war – something both have previously indicated they want to avoid but also said they are prepared for. Israel said on Sunday it…
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McDonald’s Faces Profit Disappointment Amidst Cost-Conscious Consumers and Middle East Conflict
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McDonald’s, the American fast food giant, finds itself facing profit setbacks, with CEO Chris Kempczinski stressing growing financial caution among consumers and the repercussions of the conflict in the Middle East on its global operations. In the latest quarter, McDonald’s reported modest 1.9 percent growth in comparable sales, below Wall…