Category: News
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Ensuring winches get you out and don’t let you down
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How quickly do electric winches in vehicles wear out? What causes damage to it, and what are the most common parts of it that age or fail? on me. Most levers “never wear out”… because most of them are rarely used. Maybe once or twice a year, sometimes not for…
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Ensuring winches get you out and don’t let you down
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How quickly do electric winches in vehicles wear out? What causes damage to it, and what are the most common parts of it that age or fail? on me. Most levers “never wear out”… because most of them are rarely used. Maybe once or twice a year, sometimes not for…
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UK car finance industry faces major disruption as lenders halt deals over commission ruling
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Following a landmark Court of Appeal ruling, the UK car finance industry is facing major disruption as major lenders temporarily suspend new finance deals. The unexpected decision has placed lenders under greater liability for not disclosing commission payments, leading to urgent consultations with regulators and ministers to find a quick…
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Maersk Secures Green Ship Fuel in Supply Deal With China’s Longi
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Breadcrumb links BMN Business Shipping giant AP Moller-Maersk A/S has struck a long-term supply deal for clean biomethanol from a Chinese facility, the latest iteration in its search for low-emission marine fuels. Article writer: Bloomberg News Jack Whittles and Sarah Sjolin Posted on October 30, 2024 • 2 min read…
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Israeli heart medical device co Innoventric raises $28.5m
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Israeli Cardiac Medical Devices Company Not innovative Today, it announced the completion of its $28.5 million Series B financing round. The company has developed a device for the transcatheter treatment of tricuspid regurgitation (TR) using a revolutionary transcaval technology. This latest funding round, led by RA Capital Management, with participation…
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Beijing complains to WTO about EU’s new EV tariffs
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Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…
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Beijing complains to WTO about EU’s new EV tariffs
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Beijing announced on Wednesday that it had filed a complaint with the World Trade Organization over the European Union’s decision to impose heavy customs duties on Chinese-made electric cars. The additional taxes of up to 35% were announced on Tuesday after an EU investigation found that Chinese state subsidies were…
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Habits that kill productivity – Business Daily
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In our posh ocean city of Malindi, Omar, a logistics manager for a busy shipping company, faces daily challenges that reflect a global struggle for productivity. His office, a microcosm of the larger business environment in coastal Kenya, buzzes with constant activity, yet achieving the day’s goals often feels like…
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Doubts grow over release of long-awaited HBOS scandal report as Lloyds resists full disclosure
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An independent review into whether Lloyds Banking Group concealed a £1bn fraud linked to HBOS may not be fully disclosed, sparking accusations that the bank “cannot face the truth”. The review, led by Dame Linda Dobbs, examines Lloyd’s response to a fraud scandal at the Reading branch of HBOS. The…
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Australia’s Elevated Inflation Backs Tight RBA Policy Stance
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Breadcrumb links BMN Business Core inflation in Australia remained high in the latest quarter, reinforcing the Reserve Bank’s view that price pressures will take time to dissipate and that monetary policy should remain restrained for the time being. Article writer: Bloomberg News Swati Pandey Posted on October 29, 2024 •…
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Check Point plunges on Q3 results
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Israeli cybersecurity company Check Point Software Technologies Limited (Nasdaq: CHKP) The stock price fell more than 14% on Wall Street after the company published its third-quarter financial results today. Despite meeting analyst consensus in the last full quarter led by co-founder and CEO Gil Schwed, investors are concerned about the…
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Jeff Bezos doubles down on unprecedented block of a presidential endorsement from ‘The Washington Post’ but admits ‘I am not an ideal owner’
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Amazon founder Jeff Bezos may not allow it The Washington Post To run her traditional endorsement of a presidential candidate, but he’s willing to write it and run it Editorial Justifying his move, Jeff Bezos insists that it is all in the name of keeping the media unbiased. last friday,…
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Investment focus drives Rachel Reeves’ strategy to revitalise UK economy
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The UK economy has been mired in low growth rates for years, a problem that has worsened since the 2008 global financial crisis. Despite some short-lived recoveries, average annual growth has remained persistently weak, leading to stagnant living standards. A stark indicator of this trend is that real wages in…
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Ex-Goldman Banker Turned PE Billionaire Takes On Korea’s Chaebol
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Breadcrumb links BMN Business In his 2020 bestseller, the lead character of billionaire dealmaker Michael Byung-Ju Kim is a young banker who finds himself entangled in the dealings of South Korea’s richest families. Article writer: Bloomberg News Heesu Lee and Felipe Pacheco Posted on October 29, 2024 • 5 minute…
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Exclusive: Payments platform Melio raises $150m
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Exclusive: Israeli payments platform better Globes has learned that the company has raised $150 million in a financing round led by US strategic investor Fiserv. The funding round marks a rebound for Melio, which last raised money in 2021 at a company valuation of $4 billion, but has since seen…
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Google parent Alphabet Q3 earnings deliver double digit revenue growth
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Alphabet, Google’s parent company, topped Wall Street’s revenue targets Tuesday in third-quarter financial results that showed strong growth in the company’s core businesses. The company said revenue grew 15% to $88.3 billion in the third quarter, exceeding Wall Street targets of $86.3 billion. Meanwhile, Alphabet’s focus on keeping costs under…
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Why CA gave Safaricom, Airtel temporary licences
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Safaricom and Airtel Kenya have been offered temporary operating licenses for two years, pending agreements on permit fees, how to allocate spectrum and penalties in the event of voice outages. The Communications Authority of Kenya (CA) has chosen not to grant companies permits during the traditional ten-year period pending a…
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Bus fare cap to rise to £3 across England under new budget plan
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The maximum bus fare in England is set to rise to £3, following an announcement by Prime Minister Sir Keir Starmer. The new limit, which will be introduced in the next Budget, represents an increase on the current £2 cap which the previous Conservative government applied as a measure of…
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DuPont plant in Louisiana fined $480,000 for releasing a cancer-causing chemical
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Breadcrumb links PMN BMN Business Article writer: Posted on October 29, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content RESERVE, Los Angeles (AP) — A chemical manufacturing plant west of New Orleans has…
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Investors who believed in Electreon post big gains
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Whoever believes in it gains a lot: the price of a share Wireless electron (TASE: ELWS), is up almost 300% in the past year. The company, a developer of smart roads that has yet to generate significant revenues, now has a market capitalization of about NIS 2.8 billion, making it…