Category: Deal
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Israel’s main labour union calls strike as pressure mounts for hostage deal By Reuters
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By Emily Rose and Stephen Sher JERUSALEM (Reuters) – The head of Israel’s largest labor union called for a general strike on Monday to pressure Prime Minister Benjamin Netanyahu’s government to return Israeli hostages still being held by Hamas in Gaza, as thousands of protesters took to the streets. The…
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Histadrut calls general strike for Monday over hostage deal
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Histadrut Chairman Arnon Bar-David: I came to the conclusion after speaking with the heads of the security services that the deal is not moving forward due to political considerations. The head of the General Federation of Labor Unions in Israel, Arnon Bar-David, announced a general strike starting at 6 a.m.…
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Keir Starmer aims to reset Brexit relations with German economic deal
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British Prime Minister Keir Starmer is negotiating a new treaty with Germany to secure priority access for British companies, a strategic attempt to repair the UK’s fractured relationship with the European Union after Brexit. Starmer described Brexit as a “once-in-a-generation opportunity” and stressed the need to “move beyond the crisis”…
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France’s Macron visits Serbia to boost EU ties, discuss Rafale deal By Reuters
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Written by Alexander Vasovich BELGRADE (Reuters) – French President Emmanuel Macron heads to Belgrade on Thursday to strengthen ties with Serbia and bring it closer to the West as the Balkan country tries to reconcile its bid to join the European Union with close ties with Russia and China. During…
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ICL signs $170m Chinese fertilizer deal
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The agreement with AMP Holdings aims to provide water-soluble specialty fertilizers, used in drip irrigation and designed for cash crops. Israeli specialized metals company ICL (level: ICL:New York Stock Exchange: ICLIsrael Chemicals (formerly Israel Chemicals) today announced the signing of a five-year agreement with Chinese distributor AMP Holdings Group. The…
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Edgar Bronfman drops Paramount bid, clearing path for Skydance deal By Reuters
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By Dawn Chmielowski and Anirban Sen (Reuters) – Media mogul Edgar Bronfman Jr. on Monday dropped out of the race to buy Paramount Global, paving the way for Skydance Media to take control of Shari Redstone’s media empire. In a statement, Bronfman said his bidding group informed Paramount’s special committee…
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Motorists overpay Sh16bn in fuel deal with Gulf firms
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Motorists have been overcharged by an estimated Sh16.4 billion or Sh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies, boosting the profits of three local companies at the expense of consumers. Kenya entered into the deal with Saudi Aramco, Abu Dhabi National…
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Stocks Up as September Fed Cut Seen as ‘Done Deal’: Markets Wrap
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(Bloomberg) — Stocks rose and bond yields fell as the Federal Reserve’s latest minutes and a big downward revision to U.S. payrolls bolstered bets that officials will cut interest rates in September. Most Read from Bloomberg The S&P 500 is nearing record highs. Treasuries are higher across the curve, driven…
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Israeli strikes kill dozens in Gaza after Blinken ends visit with truce deal still elusive By Reuters
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Written by Nidal Al-Maghribi and James Mackenzie CAIRO/JERUSALEM (Reuters) – Israeli air strikes across the Gaza Strip killed at least 50 Palestinians in the past 24 hours, Palestinian health authorities said on Wednesday, as the military said its forces continued to target militants and seize weapons and ammunition. As the…
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Energix signs long-term solar power deal with Google By Reuters
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Energex Renewable Energy said Tuesday it has signed a long-term agreement with Alphabet Inc’s Google to supply the tech giant with electricity and renewable energy credits generated from its solar projects. To power rapidly expanding AI data centers, big tech companies like Google are increasingly negotiating electricity supply agreements with…
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Ted Baker to close all UK stores as potential Mike Ashley deal falters
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Ted Baker is set to close its last 31 UK stores this week, putting around 500 jobs at risk, as uncertainty grows over a potential rescue deal involving Mike Ashley’s Frasers Group. The closures mark the end of the retailer’s presence on the British high street, after months of turmoil…
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Union at BHP’s Escondida copper mine in Chile signs new deal, ending risk of strike By Reuters
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SANTIAGO (Reuters) – The union of workers at Chile’s Escondida mine, the world’s largest, signed a deal on Sunday with BHP, ending a strike that could have threatened global supplies of the red metal. The three-year deal includes changes to working conditions such as “initiatives to improve shift changes, increase…
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Kenya eyes Agoa trade deal with United States in October
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Kenya has received assurances that Washington will ratify two crucial trade deals before the US presidential election on November 5, the trade ministry told parliament. US lawmakers will approve the extension of the Africa Growth Opportunity Act (AGOA) and the US-Kenya Strategic Trade and Investment Partnership (STIP) agreement, Chief Secretary…
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RUNE Up 17% After Talks Of Major Deal Hit The Market
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There is now some buzz surrounding ThorChain after new information about the chain was published that could change the course of RonAccording to CoinGecko, RUNE is on an upward trajectory with a staggering 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects…
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Porsche agrees to provide capital in Varta restructuring deal By Reuters
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By Alexander Hubner and Emma Victoria Farr FRANKFURT (Reuters) – German battery maker Varta said on Saturday it had reached a restructuring agreement with its creditors, calling on sports carmaker Porsche to step in to rescue the troubled company. The company said the deal, reached after days of intense negotiations,…
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Brazilian pet product retailer Petz shares soar on Cobasi merger deal By Reuters
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Written by Alberto Allergi SAO PAULO (Reuters) – Shares of Brazil’s Pets Inc rose on Friday after the company formally agreed to merge with rival Copasi to create the country’s largest pet products retailer. The merger agreement was first announced in April, when the two companies signed a memorandum of…
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Lockheed to buy satellite products maker Terran in $450 million deal
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(Reuters) – Lockheed Martin Corp on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew its previous offer to buy the company. Lockheed will pay 25 cents in cash per share, a 37.5% discount to Terran’s last closing price.…
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Boeing criminal plea deal should be accepted, US DOJ says By Reuters
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By David Shepardson and Jasper Ward The U.S. Justice Department said on Wednesday that Boeing Co.’s plea deal on a criminal charge related to software linked to two fatal crashes of its 737 Max jets should be accepted, after some relatives of the 346 people killed in the crashes argued…
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Mars to boost snack portfolio in mega $36 billion deal for Pringles maker Kellanova By Reuters
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Written by Anirban Sen and Savita Mishra (Reuters) – Family-owned candy giant Mars Inc is buying Cheez-It maker Kellanova in a deal worth about $36 billion, combining consumer food brands from M&M’s and Snickers to Pringles and Pop-Tarts in one of the industry’s biggest deals. Mars Inc. said on Wednesday…
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SNDL stock rises on deal to buy Nova Cannabis (NASDAQ:SNDL)
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Wild Pixel Canadian Cannabis Player SNDL (NASDAQ:SNDL) has agreed to acquire the remaining minority stake in its subsidiary Nova Cannabis (OTCQB: NVACF) for a total consideration of approximately $40 million, the companies announced Tuesday. Under the terms, Calgary, Alberta-based SNDL (SNDL) will seek to: To buy approximately 34.8% of Nova…