Category: News
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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
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(Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…
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Boeing Proposes 35% Wage Hike in New Bid to End Lengthy Strike
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(Bloomberg) — Boeing Co. and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has crippled the company’s aircraft manufacturing for more than a month and squeezed its finances. Most read from Bloomberg The proposal reached overnight in Seattle includes a 35%…
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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Boeing strike: union reaches new deal on wage hike, 401k
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Boeing and the union representing 33,000 striking workers have reached a new agreement to end a work stoppage that has paralyzed the company’s aircraft manufacturing business for more than a month and strained its finances. The proposal reached overnight in Seattle includes a 35% pay increase spread over four years,…
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NCBA cuts lending rates as pressure mounts on banks
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NCBA Kenya has cut lending rates as lenders respond to the Central Bank of Kenya’s (CBK) move to cut its benchmark interest rate by the biggest margin since 2020. The bank said on Friday it would cut interest rates on new shilling-denominated loans to 16.91 percent from 17.5 percent. However,…
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Record number of UK businesses at risk of collapse ahead of critical autumn budget
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A record number of UK businesses are facing major financial distress, highlighting the parlous state of the economy as Chancellor Rachel Reeves prepares to unveil her first Budget on October 30. A report by insolvency specialists Bigbys Traynor revealed that 632,756 businesses were at high risk of failing in the…
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Record number of UK businesses at risk of collapse ahead of critical autumn budget
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A record number of UK businesses are facing major financial distress, highlighting the parlous state of the economy as Chancellor Rachel Reeves prepares to unveil her first Budget on October 30. A report by insolvency specialists Bigbys Traynor revealed that 632,756 businesses were at high risk of failing in the…
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Charting the Global Economy: ECB Lowers Rates as Inflation Wanes
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Breadcrumb links BMN Business The European Central Bank has cut interest rates for the third time this year as a rapid decline in inflation allows policymakers to provide support to the region’s faltering economy. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on October 19, 2024 • 3…
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Netanyahu approves interim defense recommendations
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Yesterday, Prime Minister Benjamin Netanyahu approved the interim recommendations of the Nagel Committee, headed by Brigadier General (res.) Professor Jacob Nagel, which studies the Israeli defense budget and the structure of its armed forces, and issued his instructions to move forward with their implementation. The decision came after a session…
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Netanyahu approves interim defense recommendations
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Yesterday, Prime Minister Benjamin Netanyahu approved the interim recommendations of the Nagel Committee, headed by Brigadier General (res.) Professor Jacob Nagel, which studies the Israeli defense budget and the structure of its armed forces, and issued his instructions to move forward with their implementation. The decision came after a session…
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A hot economy is good enough for stocks — and even for rate cuts
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This is the takeaway from today’s morning briefing, and what you can do subscription Received in your inbox every morning with: The bullish euphoria that came from the prospect of a quick return to neutral interest rates after the Fed’s 50 basis point cut in September has faded. But it’s…
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Why Karen Lynch lost the CEO job at CVS
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As head of corner drugstore and health insurance giant CVS, Lynch presided over the largest Fortune 500 organization, measured by sales, of any CEO, and reigned for years as the most powerful woman in American business. In her first two years after being selected for the top job in late…
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Why Karen Lynch lost the CEO job at CVS
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As head of corner drugstore and health insurance giant CVS, Lynch presided over the largest Fortune 500 organization, measured by sales, of any CEO, and reigned for years as the most powerful woman in American business. In her first two years after being selected for the top job in late…
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World Bank projects Kenya’s unemployment to worsen in 2024
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Kenya’s unemployment rate will worsen in 2024 compared to last year, reflecting a difficult economic environment marked by slowing business activity and a hiring freeze, a World Bank assessment showed. In a new report, the World Bank estimated the unemployment rate at 5.7% in 2024, slightly higher than the 5.6%…
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World Bank projects Kenya’s unemployment to worsen in 2024
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Kenya’s unemployment rate will worsen in 2024 compared to last year, reflecting a difficult economic environment marked by slowing business activity and a hiring freeze, a World Bank assessment showed. In a new report, the World Bank estimated the unemployment rate at 5.7% in 2024, slightly higher than the 5.6%…
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Reeves considers ending salary sacrifice tax breaks for electric vehicles, sparking industry backlash
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Chancellor Rachel Reeves is reportedly considering scrapping tax breaks for salary sacrifice schemes used by tens of thousands of drivers to rent electric cars. The move is likely to deal a major blow to the UK’s march towards widespread electric vehicle adoption. The Treasury is reviewing whether to scrap or…
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Reeves considers ending salary sacrifice tax breaks for electric vehicles, sparking industry backlash
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Chancellor Rachel Reeves is reportedly considering scrapping tax breaks for salary sacrifice schemes used by tens of thousands of drivers to rent electric cars. The move is likely to deal a major blow to the UK’s march towards widespread electric vehicle adoption. The Treasury is reviewing whether to scrap or…
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Putin’s Shadow Looms Over Moldova’s Vote on EU Membership
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Breadcrumb links BMN Business Pro-European forces in the former Soviet republic are trying to counter a campaign by Russia to keep the small country in its orbit. Article writer: Bloomberg News Jasmina Kuzmanovic and Lena Grau Posted on October 19, 2024 • 6 minute read You can save this article…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…
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Investors in talks to buy Colmobil stake at NIS 8b valuation
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Yoav Harlap appears ready to sell his 28% stake in Israel’s largest car importer to institutional investors. Yoav Harlap, who owns a 28% stake in Colmobile, is in talks to sell his stake to institutional investors at a valuation of the company at NIS 8 billion. Colmobile is the largest…