Category: News
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Eco-consumerism drives manufacturers to clean energy
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On October 1, 2024, global adhesives manufacturer Henkel completed the switch to renewable electricity at all of its factory sites in the Middle East and Africa region, including Nairobi, joining a growing list of global companies that have taken this path. This transformation by Henkel included on-site solar installations and…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns
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Angela Rayner’s ambitious reform of workers’ rights could burden UK employers with nearly £5 billion in extra costs every year, according to an impact assessment published by the government. The reforms proposed in the Employment Rights Bill could lead companies to raise prices, cut wages, or reduce investment as they…
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British Airways cancels Israel flights until March 2025
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British Airways has announced that it will not renew its flights to Israel until March 2025, significantly reducing the number of flights available between Tel Aviv and London. British Airways joins a long list of airlines including easyJet, Wizz Air, Virgin Atlantic and Delta Air that will not resume flights…
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Bonds Are Selling Off Everywhere as Traders Rethink Fed Pathway
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(Bloomberg) — Bonds are falling around the world as investors weigh the possibility of slower U.S. interest rate cuts, a trend that threatens to upend debt conditions everywhere. Most read from Bloomberg Treasuries extended sharp losses on Monday, with the 10-year yield rising back above 4.20% for the first time…
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China could pick up ‘reluctant’ stimulus if Trump starts trade war: Goldman Sachs
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Monday in China Announced discounts to record interest rates, the latest in a series of measures to revive confidence in an economy struggling to grow after the Covid pandemic. Chinese stock markets swung as investors expected sweeping action from official press conferences, then were disappointed that policies fell short of…
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Lineapelle Fair: The finest leather comes from lambskin, says luxury expert
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In mid-September, the vibrant city of Milan becomes a melting pot of creativity as fashionistas, designers and industry leaders gather for Milan Fashion Week. Among the highlights of this prestigious event was Lineapelle, the world’s largest exhibition dedicated to leather and leather goods. With more than 1,000 exhibitors from 112…
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Lineapelle Fair: The finest leather comes from lambskin, says luxury expert
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In mid-September, the vibrant city of Milan becomes a melting pot of creativity as fashionistas, designers and industry leaders gather for Milan Fashion Week. Among the highlights of this prestigious event was Lineapelle, the world’s largest exhibition dedicated to leather and leather goods. With more than 1,000 exhibitors from 112…
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South East leads in bank loans to small businesses as other UK regions lag behind
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Small businesses in south-east England are benefiting from a strong rebound in bank lending, leaving the rest of the UK behind, according to new research by the British Business Bank. Lending to businesses in the region has surged, leading to a 21% increase in approved loans and overdrafts across the…
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The Secretive World of Russian Oil Tanker Insurance Revealed
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Breadcrumb Trail Links PMN Business One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. Author of the article: Bloomberg News Alex Longley, Patrick Sykes and Alberto Nardelli Published Oct 22,…
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The Secretive World of Russian Oil Tanker Insurance Revealed
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Breadcrumb Trail Links PMN Business One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. Author of the article: Bloomberg News Alex Longley, Patrick Sykes and Alberto Nardelli Published Oct 22,…
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Shekel weakens sharply on Iran escalation concerns
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Perico: There is no change in our assessment, as the possibility of the shekel’s value rising is still limited, and the dollar may once again test the level of 3.8 shekels to the dollar. The shekel is weakening sharply today against the US dollar and the euro. This afternoon, the…
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Asian Shares Decline as Bonds Extend Selloff: Markets Wrap
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(Bloomberg) — Asian stocks fell for a second day along with bonds, as traders consider tempering expectations of interest rate cuts from the Federal Reserve for the rest of the year. Most read from Bloomberg The MSCI AC Asia-Pacific Index fell as much as 1.1% as benchmark indices in Australia…
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Kenyans with over half a million in bank revealed
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Less than one percent of bank accounts in Kenya held more than Sh500,000 last year, highlighting Kenya’s weak savings culture and growing income inequality. Central Bank of Kenya (CBK) data shows that the 800,000 high-quality depositors represent 0.74 per cent of all bank accounts holding 85 per cent of deposits…
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UK business confidence hits twelve-month low as Autumn Budget looms
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Business confidence in the UK has fallen sharply, recording its first decline in a year, as concerns grow over Chancellor Rachel Reeves’ upcoming autumn budget. The latest economic data, along with insights from the upcoming SME Barometer brought to you by Prism, highlight growing concerns among businesses, with many fearing…
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Aerodrome Group jumps 80% after major drone order
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Aerodrome Group produces drones to collect intelligence by acquiring, analyzing and processing data to generate advanced digital AI insights. Aerodrome Group’s (TASE: ARDM) share price has risen 80% over the past two days after the company notified the Tel Aviv Stock Exchange (TASE) yesterday that it had received a NIS…
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Dow drops 300 points, Nvidia, Apple close at fresh records
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Stocks closed mixed on Monday as 10-year Treasury yields rose and investors braced for a busy week of top-tier earnings that could push or pull a record high. The S&P 500 (^GSPC) fell nearly 0.2%, pulling away from a new all-time closing high and its sixth straight weekly win. The…
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McDonald’s makes it clear it isn’t endorsing Trump after drive-thru visit: ‘We open our doors to everyone’
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McDonald’s agreed Hosting former President Donald Trump in a Pennsylvania store over the weekend, but stressed that she does not support a candidate in the US presidential race. Trump ran a frying station in a McDonald’s in suburban Philadelphia on Sunday before answering questions through the drive-thru window. The restaurant…
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Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
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Chancellor Rachel Reeves’s upcoming Budget threatens to push the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK Center for Policy Studies (CPS). The report warns that if Labor introduces a…