Category: News
-
Trump Media soars to $10 billion market cap, overtaking the value of X, which has hundreds of millions more users
•
Donald Trump’s social media startup Truth Social is worth more than X, formerly known as Twitter. Thanks to the stock price surge in the final days before the election, the market capitalization of Trump Media and Technology Group (TMTG) has now surpassed that of Elon Musk’s Company X. I took…
-
Trump Media soars to $10 billion market cap, overtaking the value of X, which has hundreds of millions more users
•
Donald Trump’s social media startup Truth Social is worth more than X, formerly known as Twitter. Thanks to the stock price surge in the final days before the election, the market capitalization of Trump Media and Technology Group (TMTG) has now surpassed that of Elon Musk’s Company X. I took…
-
Mastermind loses Sh517m tax fight, financial woes up
•
Troubled Mastermind Tobacco (K) Ltd, currently under administration by I&M Bank over undisclosed debts, has lost a bid to quash a Sh517.75 million tax claim by the Kenya Revenue Authority (KRA) over an export cigarette consignment suspected of being smuggled. Dumped in Kenya. High Court Judge Alfred Mabia said the…
-
Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’
•
Wealthy individuals threatening to leave the UK to avoid expected tax rises should “stop”, according to Dale Vince, the green energy magnate and major donor to the Labor Party. Vince, who donated £5 million to the Labor Party, dismissed the idea that higher taxes could harm UK entrepreneurship, describing it…
-
Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’
•
Wealthy individuals threatening to leave the UK to avoid expected tax rises should “stop”, according to Dale Vince, the green energy magnate and major donor to the Labor Party. Vince, who donated £5 million to the Labor Party, dismissed the idea that higher taxes could harm UK entrepreneurship, describing it…
-
Intel weighs up future of $650m Israeli acquisition Granulate
•
There has perhaps never been a better time for Tal Siaj and Asaf Ezra, the entrepreneurs behind the Israeli cloud optimization solutions company granular. In 2022, they sold the company to Intel for $650 million, after raising just $45 million. In the same month, the US Federal Reserve raised interest…
-
Intel weighs up future of $650m Israeli acquisition Granulate
•
There has perhaps never been a better time for Tal Siaj and Asaf Ezra, the entrepreneurs behind the Israeli cloud optimization solutions company granular. In 2022, they sold the company to Intel for $650 million, after raising just $45 million. In the same month, the US Federal Reserve raised interest…
-
Long before Polymarket, election polls and predictions were always a form of popular entertainment with a checkered record of accuracy
•
Election polls can seem dreary, ambiguous, and shrouded in data and arcane jargon. But upon closer inspection, it is clear that they possess and display an unexpected degree of entertainment value – e.g Cartoonistslate night comedians and pollsters themselves have periodically noted over the years. This rarely recognized feature may…
-
KenGen doubles dividend payout after 35pc profit rise to Sh7bn
•
Electricity generating company KenGen has doubled its dividend to Sh0.65 per share after recording a significant increase in net profit for the year ending June 2024. The company made a profit after tax of Sh6.79 billion for the period, up 35.5 per cent from the Sh5.01 billion it made in…
-
KenGen doubles dividend payout after 35pc profit rise to Sh7bn
•
Electricity generating company KenGen has doubled its dividend to Sh0.65 per share after recording a significant increase in net profit for the year ending June 2024. The company made a profit after tax of Sh6.79 billion for the period, up 35.5 per cent from the Sh5.01 billion it made in…
-
UK data centre investment stalled by lack of electricity supply
•
Investment in data centers in the UK is being hampered by delays in securing electricity supplies, according to David Sleeth, chief executive of Segro, one of the country’s largest commercial property developers. Speaking to Radio Times, Sleeth expressed frustration with long wait times for network connections, which can stretch into…
-
Israeli co Armis Security raises $200m at $4.3b valuation
•
Israeli cybersecurity company ARMIS SECURITY Today it announced the completion of a $200 million Series D funding round, bringing its valuation to $4.3 billion. This is $900 million higher than the previous funding round less than three years ago. The latest financing round was led by General Catalyst and Alkeon…
-
Venice’s €5 daytripper tax misses the boat: What do locals think the overtourism solution actually is?
•
For four months earlier this year, the Italian city of Venice piloted a system of charging extra fees for day trippers. Visitors who were not staying at an overnight accommodation had to pay 5 euros ($5.40) on certain days considered the busiest, including weekends and national holidays. The fee was…
-
Solar boom sees 355 firms get Epra licences
•
About 355 solar contractors, manufacturers and importers received production permits from the Energy and Petroleum Regulatory Authority (Epra) in the year to June 2024, indicating increased demand for solar services. As electricity prices continue to rise in Kenya, customers have increasingly turned to alternative sources of energy especially solar PV…
-
Jeremy Hunt criticises OBR for timing of review release on budget day
•
Former Chancellor Jeremy Hunt has criticized the Office for Budget Responsibility (OBR) for allegedly compromising its political impartiality, as it prepares to release a review that could criticize the Conservative government on Budget Day. The review is expected to address Chancellor Rachel Reeves’ claims of a £22bn financial gap left…
-
Treasury short of NIS 30b as budget deadline nears
•
After two and a half months, and assuming no further delays, the 2025 state budget will be submitted to the government for approval this Thursday. Although there is little time left, the package of measures presented by Finance Minister Bezalel Smotrich aimed at narrowing the fiscal deficit is still full…
-
An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000
•
that Extremely rare dime The whereabouts of which have remained a mystery since the late 1970s, and were sold for just over $500,000. The coin, struck by the U.S. Mint in San Francisco in 1975, depicts President Franklin Roosevelt and is one of only two coins known to exist without…
-
An ultra-rare 1975 dime stashed away for decades just surfaced—and sold for a whopping $500,000
•
that Extremely rare dime The whereabouts of which have remained a mystery since the late 1970s, and were sold for just over $500,000. The coin, struck by the U.S. Mint in San Francisco in 1975, depicts President Franklin Roosevelt and is one of only two coins known to exist without…