Category: Costs
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Q2 Bitcoin Mining Costs Spike To Nearly $50K
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They say journalists never stop working. But for Christian, this is not just a metaphor, it is a way of life. By day, he navigates the ever-changing tides of the cryptocurrency market, using words like a seasoned editor and crafting articles that decode jargon for the masses. When a computer…
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High street retailers face bleak festive season amid tax hikes and rising costs
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High street retailers are bracing for a tough Christmas trading period, as rising taxes and rising costs raise concerns about the viability of many businesses in town and city centres. A recent report from consultancy BDO revealed that in-store sales in October grew by just 1.7% compared to the previous…
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High street retailers face bleak festive season amid tax hikes and rising costs
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High street retailers are bracing for a tough Christmas trading period, as rising taxes and rising costs raise concerns about the viability of many businesses in town and city centres. A recent report from consultancy BDO revealed that in-store sales in October grew by just 1.7% compared to the previous…
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UnitedHealth’s medical costs surge in third quarter, shares drop
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(Reuters) – UnitedHealth Group reported a rise in third-quarter medical costs on Tuesday, as the company struggled with lower government payments in its insurance business and continued demand for medical care, sending its shares down 3%. For the quarter, the company’s medical loss ratio — the percentage of premiums spent…
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UnitedHealth’s medical costs surge in third quarter, shares drop
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(Reuters) – UnitedHealth Group reported a rise in third-quarter medical costs on Tuesday, as the company struggled with lower government payments in its insurance business and continued demand for medical care, sending its shares down 3%. For the quarter, the company’s medical loss ratio — the percentage of premiums spent…
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EBC Financial Group Enhances Liquidity and Lowers Trading Costs on Major Stock Indices
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Amid the global stock market recovery, EBC Financial Group (EBC) is enhancing liquidity for five major stock indices, including the US Dow Jones Index, Nasdaq, S&P 500, A50 (China), and Hang Seng Index (Hong Kong). This strategic move aims to provide investors with more effective and efficient trading across all…
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Unga narrows full year loss to Sh669.5m on lower costs
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Manufacturer Unga Group Plc narrowed its loss for the year ending June 2024 to Sh669.5 million from Sh959.3 million previously, on lower costs. The company attributed the lower costs to improved efficiencies in its operations and one-time gains in foreign exchange with the appreciation of the Kenyan shilling in the…
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H&M abandons 2024 margin target as markdowns and costs hurt profit By Reuters
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By Mary Manis and Helen Reid STOCKHOLM (Reuters) – H&M (ST:) scrapped its profit margin target for 2024 as high discounting, costs and fierce competition hurt operating profit in the third quarter, sending shares in the world’s second-biggest fashion retailer down about 8%. H&M has struggled to boost profitability amid…
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VR and AR headsets demand set to surge on AI, lower costs, IDC says By Reuters
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Global shipments of augmented reality and virtual reality headsets are expected to grow 41.4% in 2025, supported by more affordable devices and the addition of artificial intelligence features, market research firm IDC said on Monday. Why is this important? Global shipments of augmented reality and virtual reality headsets fell 28.1%…
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Israel’s budget chief warns on jump in interest rate costs
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Senior finance ministry officials warned of higher interest rates due to the state budget breach, economic uncertainty and war, saying that “increasing the budget framework could be dangerous for the economy and a negative signal to investors.” The Knesset Finance Committee today discussed a NIS 3.5 billion breach of the…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
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By Max A. Czerny and Milana Finn (Reuters) – Intel Corp Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker,…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says By Reuters
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By Max A. Czerny and Milana Finn Intel Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker, a person familiar…
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Flame Tree slumps to Sh91m loss on high debt service costs
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Listed Flame Tree Group posted a loss of Sh90.6 million in the first half of the year ended June 2024, as higher debt servicing costs erased a Sh6.7 million profit from last year. The company’s financing costs rose by 48.1 per cent to Sh181.3 million from Sh122.4 million previously, as…
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Domino’s Australia franchise slumps 7% as high costs take larger slice of profit By Reuters
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(Reuters) – Shares of Australia-based Domino’s Pizza Enterprises Inc fell more than 7% on Wednesday after the franchise operator reported a weak start to the 2025 financial year as rising costs and frugal consumers weighed on profitability. Domino’s Pizza Enterprises operates the largest master franchise of the American pizza giant…
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Working parents face additional £1,683 monthly childcare costs during summer holidays
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A new study has revealed the huge financial burden faced by working parents in the UK during the summer holidays, with childcare costs rising by an average of £1,683 a month. This increase in expenses is forcing many parents to reconsider their employment options, with some unable to stay in…
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Working parents face additional £1,683 monthly childcare costs during summer holidays
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A new study has revealed the huge financial burden faced by working parents in the UK during the summer holidays, with childcare costs rising by an average of £1,683 a month. This increase in expenses is forcing many parents to reconsider their employment options, with some unable to stay in…
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August electricity prices up 1.5pc a unit on higher fuel, forex costs
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New calculations show that consumers will pay about 1.5 percent more per unit of electricity used in August, due to higher fuel and foreign exchange costs. The Energy and Petroleum Regulatory Authority has revised electricity prices upwards in its latest monthly review, which will see average domestic customers pay an…
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Morrisons tests raising freezer temperatures to cut energy costs and emissions
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Morrisons is trialling an innovative approach to saving energy and cutting costs by raising the temperature of its fridge freezers by 3 degrees Celsius. The move represents the first deviation by a UK supermarket from the industry standard, which has remained unchanged for almost a century. The Bradford-based retailer will…
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Inflation dips to 46-month low on falling food, energy costs
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Kenya’s consumer prices rose at the slowest rate in 46 months in July, mainly due to lower average food and energy prices, official data showed. Inflation – a measure of the increase in the cost of goods and services compared to the previous year – fell to 4.3 percent from…