Category: News
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Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus
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Amid ongoing uncertainty over electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrid vehicles (PHEVs) has soared. Jaguar Land Rover (JLR), the West Midlands-based Indian-owned automotive group, has announced a 29% increase in global sales of its plug-in hybrid electric vehicle (PHEV) models for the…
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Land Rover and Range Rover hybrid sales surge as EV uncertainty shifts buyer focus
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Amid ongoing uncertainty over electric vehicle (EV) adoption timelines, demand for Land Rover and Range Rover plug-in hybrid vehicles (PHEVs) has soared. Jaguar Land Rover (JLR), the West Midlands-based Indian-owned automotive group, has announced a 29% increase in global sales of its plug-in hybrid electric vehicle (PHEV) models for the…
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SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus
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Breadcrumb links PMN BMN Business BMN Energy Article writer: Canadian Press Amanda Stevenson Published October 31, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Cenovus Energy Inc. announced It reported a decrease in its profits…
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SeaRose floating oilfield vessel en route back to Canada after refurbishment: Cenovus
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Breadcrumb links PMN BMN Business BMN Energy Article writer: Canadian Press Amanda Stevenson Published October 31, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Cenovus Energy Inc. announced It reported a decrease in its profits…
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Paz sells real estate assets for NIS 127m
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Paz Retail and Energy (TASE: PAZ) announced today that it has sold land and logistics assets for a total of NIS 127 million to Egged Real Estate, the real estate arm of Egged Transportation and Keystone Infrastructure Fund (TASE: KSTN), and Nadav Corporation. for. Logistics services. Three assets are the…
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Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader
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Frustrated Amazon employees have opened another front in their fight against the company’s return-to-the-office mandate. On Wednesday, 523 employees in Amazon’s Web Services division sent its CEO, Matt Jarman, an open letter detailing their frustration with the new policy. “Our time spent working remotely during the height of the COVID-19…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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Brookfield buys £1.75bn stake in Orsted’s UK offshore wind farms
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Brookfield, headed by former Bank of England governor Mark Carney, has acquired a 12.45% stake in four UK offshore wind farms owned by Ørsted for £1.75 billion ($2.3 billion). This landmark deal includes the world’s largest offshore wind farm, Hornsea 2, located 55 miles off the Yorkshire coast with a…
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Mobileye recognizes $2.7b goodwill loss
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Israeli company Advanced Driving Assistance Systems (ADAS). Mobily International Company (Nasdaq: MBLY) recognized a goodwill impairment loss of $2.7 billion in the third quarter of 2024. The company explained that this is a non-cash goodwill impairment loss related to goodwill assets on its balance sheet. “This asset, which is significant…
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Women’s right to credit cards marks 50-year anniversary
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Good morning! The brand will be renamed Pantyhose L’eggs, a professional women’s baseball league will launch in 2026, and the 50th anniversary offers an opportunity for reflection ahead of a historic election. Have a great Thursday. – Credit report. Less than a week before voters head to the polls and…
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IMF approves Sh78.3 billion loan to Kenya
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The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of a 78.3 billion shillings ($606.1 million) loan to Kenya, opening the way for new financing for the country following a lengthy review of the program following the withdrawal of the 2024 Finance Bill. The disbursement, which…
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Aston Martin bleeding £1m a day as supply chain issues and china demand slump hit targets
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Aston Martin Lagonda, the only British carmaker listed on the London Stock Exchange, is facing major financial setbacks, failing to meet all 2024 targets such as production cuts, supply chain issues, and a sharp decline in performance due to the impact of Chinese demand. The luxury carmaker, led by new…
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Prairie Provident Announces Closing of Rights Offering
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Article content CALGARY, Alberta, Oct. 31, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. is pleased to… (“Prairie Provident” or the “Company”) (TSX:PPR) announces the successful completion of its previously announced equity rights offering (the “Rights Offering”), which expired at 5:00 p.m. (MT) on October 28, 2024. . Prairie Provident…
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US Marines complete live-fire Iron Dome maneuvers
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The US Marine Corps successfully completed its first live-fire air defense exercise integrating the Iron Dome missile defense system. The system is based on US radar and command and control with the Iron Dome Tamir missile interceptor system and a mobile rocket launcher developed by an Israeli company. Rafael Advanced…
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US Marines complete live-fire Iron Dome maneuvers
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The US Marine Corps successfully completed its first live-fire air defense exercise integrating the Iron Dome missile defense system. The system is based on US radar and command and control with the Iron Dome Tamir missile interceptor system and a mobile rocket launcher developed by an Israeli company. Rafael Advanced…
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Soccer star Neymar bought an empty waterfront lot in Miami for $26 million
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Brazilian soccer star Neymar da Silva Santos Jr. has bought an empty plot of land on the waterfront in Miami for $26 million. according to the Wall Street Journal; A source familiar with the matter confirmed to luck. The plot of land is located in the affluent area of Bal…
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KRA wins Sh122m tax fight with KTDA’s Dubai unit
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A UAE-based tea trading company owned by Chai Trading Company (CTCL), a wholly-owned subsidiary of giant Kenya Tea Development Agency (KTDA) Holdings Ltd, has lost a battle to prevent a Sh122.67 million levy. Claim from Kenya Revenue Authority (KRA). The Tax Appeal Tribunal (TAT) said KRA was justified in seeking…
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Record £40bn tax hike set to slow UK economic growth, warns OBR
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Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget Responsibility, the UK economy will expand by just over 1% this year, peaking at 2%…