Category: Global
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Intuit shares slip as company plans to lay off 10% of global workforce By Investing.com
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(Updated – July 10, 2024 at 9:15 AM EST) gut instinct Nasdaq Inc. (NASDAQ:NASDAQ) plans to lay off about 1,800 employees worldwide, or 10% of its workforce, according to a news release Wednesday. The move is not intended to cut costs, according to the announcement. The company’s shares fell 1.8%…
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Global report blames limited financing for Kenyan start-up woes
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Limited access to finance, as well as inadequate infrastructure, are among the key factors holding back Kenya’s startup ecosystem, a new survey has found. The latest Global Startup Ecosystem Index 2024 report published by industry think tank StartupBlink indicates that most startups in Kenya also cited lack of mentorship as…
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Labour to attract global investors at early October summit
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Sir Keir Starmer is due to present Labour’s investment agenda to global financial leaders at a conference in early October, aiming to attract tens of billions of dollars in foreign capital. The summit, scheduled for around October 8, is in line with Labour’s pledge to host the event within 100…
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AmTrust to invest for 15% stake in weSure Global Tech
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US insurance and financial giant AmTrust is investing NIS 72.6 million in Israeli digital insurance company weSure Global Tech (TASE: WESR), at a price well above the current market price. The two sides signed a “significant private placement agreement.” weSure also controls Israeli traditional insurance company Ayalon. Following the announcement,…
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HashKey Global Announces 3rd Lock to Earn Launch With XRADERS (XR)
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(Press Release – Hamilton, Bermuda, July 8, 2024) Hashki InternationalThe leading cryptocurrency exchange licensed under the HashKey Group is pleased to announce the listing of XRADERS (XR). Deposits will open on July 8, 2024, 10:00 (UTC), with spot XR/USDT trading starting on July 11, 2024, 8:00 (UTC), and withdrawals will…
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HashKey Global Announces 3rd Lock to Earn Launch With XRADERS (XR)
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(Press Release – Hamilton, Bermuda, July 8, 2024) Hashki InternationalThe leading cryptocurrency exchange licensed under the HashKey Group is pleased to announce the listing of XRADERS (XR). Deposits will open on July 8, 2024, 10:00 (UTC), with spot XR/USDT trading starting on July 11, 2024, 8:00 (UTC), and withdrawals will…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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Paramount Global special committee approves Skydance deal – reports
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mixmotive/iStock Editing via Getty Images Paramount Global Special CommitteeNASDAQ:LThe Board of Directors has approved a deal with Skydance Media. Media reports, including Bloomberg, the Wall Street Journal and the New York Times, said the special committee approved the sale to Skydance on Sunday. Under the deal, Skydance will buy National…
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France’s political chaos signals weak government and lower global profile
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France appears to be heading toward political instability after a surprise victory by a left-wing coalition in legislative elections on Sunday, leaving no party able to claim the majority needed to govern. The New Popular Front party — which includes the Socialists and the far-left La France Insoumise — is…
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Special committee of Paramount Global endorses plan to merge with Skydance Media, source says By Reuters
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By Don Chmielewski Businessman David Ellison is one step closer to taking control of Paramount Global after a special committee voted on Sunday to back a merger with his company Skydance Media, a source close to the deal told Reuters. The proposed deal is likely to be approved by Paramount’s…
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Israel layoffs reflect eBay’s global decline
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Until a decade ago, eBay was synonymous with online retail. Along with Amazon, it was the place to go for new and used items, some of which the platform marketed through limited-time auctions that offered discounts to those who managed to register in time. The auction format it pioneered, “bidding,”…
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Global Market Weekly Recap: July 1 – 5, 2024
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Last week was an eventful one for global markets despite the shortened trading week in the US. Politics played a big role with the French elections over the weekend, the UK parliamentary elections and the prospects for the US presidential election likely to grab attention and impact major financial market…
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Global Blue Releases the Monthly Tax Free Shopping Business Update for June 2024 By Investing.com
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New data from Global Blue reveals that the global dynamic recovery in tax-free shopping has accelerated across continental Europe and the Asia-Pacific region. Globally, the recovery rate of exported store sales was 168%1 in June 2024 compared to the same period in 2019, compared to 163%1 in April/May 2024 and…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…
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Global Markets on Alert for Biden Exit as Trump-Win Trades Mount
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(Bloomberg) — The heated debate in Washington over whether President Joe Biden will call off his re-election bid is moving to Wall Street, where traders are shifting money in and out of the dollar, Treasuries and other assets that could be affected by Donald Trump’s return to office. Most Read…
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How new EU regulation will affect the global crypto market
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From the beginning of July, cryptocurrency exchanges and stablecoin issuers in the European Union will operate in accordance with the rules set out in MiCA. The entry into force of the Markets in Cryptoassets Act (MiCA) on June 30 means big changes for the EU cryptocurrency industry. Among the key…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…