Category: News
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Britain’s biggest Rolex seller urged to move primary listing to US
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Watches of Switzerland, Britain’s biggest Rolex seller, is under pressure from activist investor Gatemore to abandon its main stock market listing in London and explore options in the United States. Gatemore, which recently acquired 1.9 million shares in the London-listed company, claims Watches of Switzerland’s share price has “significantly decoupled”…
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Air Canada signs codeshare agreement with airBaltic
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Article content MONTREAL – Air Canada and AirBaltic announced they have signed a codeshare agreement that will help facilitate travel between Canada and the Baltics. Under the deal, Air Canada’s marketing code will be placed on 10 routes operated by AirBaltic, allowing passengers to fly to Latvia, Estonia and Lithuania…
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Air Canada signs codeshare agreement with airBaltic
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Article content MONTREAL – Air Canada and AirBaltic announced they have signed a codeshare agreement that will help facilitate travel between Canada and the Baltics. Under the deal, Air Canada’s marketing code will be placed on 10 routes operated by AirBaltic, allowing passengers to fly to Latvia, Estonia and Lithuania…
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Aaron Frenkel invests NIS 800m in Alony Hetz
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Aaron Frenkel has shown an impressive ability in recent years to spot investment opportunities on the Tel Aviv Stock Exchange to generate huge gains for himself. This was the case in the case of the drone company Aeronautics, and especially in the case of the income-generating real estate company Gav-Yam…
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Aaron Frenkel invests NIS 800m in Alony Hetz
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Aaron Frenkel has shown an impressive ability in recent years to spot investment opportunities on the Tel Aviv Stock Exchange to generate huge gains for himself. This was the case in the case of the drone company Aeronautics, and especially in the case of the income-generating real estate company Gav-Yam…
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Boeing reports $6B quarterly loss with big union vote looming
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Boeing ( BA ) released third-quarter earnings on Wednesday morning, highlighting the planemaker’s risky nature ahead of another momentous event: a labor vote scheduled for later Wednesday. Boeing announced a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash…
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Boeing reports $6B quarterly loss with big union vote looming
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Boeing ( BA ) released third-quarter earnings on Wednesday morning, highlighting the planemaker’s risky nature ahead of another momentous event: a labor vote scheduled for later Wednesday. Boeing announced a net loss of $6.17 billion, bringing total losses in 2024 so far to nearly $8 billion. It said operating cash…
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Why Nextdoor’s founder moved back into the company C-suite
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On this episode of Fortune’s Leadership Next podcast, host Diane Brady talks to Nirav Tolia, co-founder, chairman, and CEO of Nextdoor. In May, Tolia stepped back into the CEO role after a five-and-a-half year absence from the job. He talks about that decision, which included stepping away from a “somewhat more normal life that…
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Kakuzi directors escalate fight with CMA over insider dealings probe
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Eight directors of Kakuzi Plc have moved to the High Court seeking to prevent the Capital Markets Authority (CMA) from investigating them over alleged conflicts of interest and financial irregularities. In a petition to the court, the directors said the Capital Markets Tribunal erred when it allowed the CMA to…
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Kakuzi directors escalate fight with CMA over insider dealings probe
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Eight directors of Kakuzi Plc have moved to the High Court seeking to prevent the Capital Markets Authority (CMA) from investigating them over alleged conflicts of interest and financial irregularities. In a petition to the court, the directors said the Capital Markets Tribunal erred when it allowed the CMA to…
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Reeves collects record £2.2bn from ‘death tax’ ahead of Budget
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Chancellor Rachel Reeves took in a record £2.2 billion in inheritance tax (IHT) receipts in the three months leading up to September, as anticipation grows for potential tax changes in her upcoming first Budget. According to figures from the Office for National Statistics (ONS), inheritance tax brought in £736 million…
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Reeves collects record £2.2bn from ‘death tax’ ahead of Budget
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Chancellor Rachel Reeves took in a record £2.2 billion in inheritance tax (IHT) receipts in the three months leading up to September, as anticipation grows for potential tax changes in her upcoming first Budget. According to figures from the Office for National Statistics (ONS), inheritance tax brought in £736 million…
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Teva shareholder sues after $450m US settlement
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Last weekend, Teva Pharmaceuticals Industries (Teva: TEVA, NYSE: TEVA) announced that it had reached a settlement with the US Department of Justice and would pay fines totaling $450 million, to be paid over six years, without admitting any wrongdoing. , to the defendants. Ending the lawsuits filed against it by…
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Teva shareholder sues after $450m US settlement
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Last weekend, Teva Pharmaceuticals Industries (Teva: TEVA, NYSE: TEVA) announced that it had reached a settlement with the US Department of Justice and would pay fines totaling $450 million, to be paid over six years, without admitting any wrongdoing. , to the defendants. Ending the lawsuits filed against it by…
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Mike Jeffries’ troubled history with Abercrombie
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Millennials: You’ll remember visiting Abercrombie & Fitch in the late 1990s and early 2000s. Loud, groovy music, perfumes so strong you could barely think straight, and posters depicting half-naked men were all part of the experience – and the desire to feel “cool.” David Turner/WWD/Penske Media – Getty Images Mike…
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UK interest rates ‘could fall as low as 2.75% in the next year’, Goldman Sachs predicts
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The Bank of England is expected to cut interest rates much faster than financial markets are currently anticipating, according to new forecasts from Goldman Sachs. The Wall Street investment bank expects the UK policy rate to fall to 2.75% by November 2025, driven by continued progress in the fight against…
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Villagers are wary of plans to dam a river to ensure Panama Canal’s water supply
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Breadcrumb links PMN BMN Business Article writer: Associated Press Alma Solis Posted on October 23, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content EL GOPO, Panama (AP) — A long wooden boat has…
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SolarEdge becomes short players’ favorite
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The stock price of solar technology company SolarEdge (Nasdaq: SEDG), which was at around $120 a year ago and at its peak three years ago was close to $370, is currently just $19.5, giving the company a market value of $1.1 billion. (95% down from peak). This comes after a…