Category: News
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The mental and literal cost that go into long-distance running
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2024 was the year to run. There have been running clubs, marathons, the Paris Olympics, and parkrun has just celebrated its 20th anniversary. But the year is not over yet, the fall marathon season has just begun, and the Chicago and New York Marathons will continue through next month. Athletes…
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The mental and literal cost that go into long-distance running
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2024 was the year to run. There have been running clubs, marathons, the Paris Olympics, and parkrun has just celebrated its 20th anniversary. But the year is not over yet, the fall marathon season has just begun, and the Chicago and New York Marathons will continue through next month. Athletes…
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Saccos outpace banks in loan disbursements for eight months
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Savings and Credit Cooperatives (SACOs) issued more loans than commercial banks in the first eight months of this year, reflecting the choice of customers who were put off by the high interest rates charged by commercial banks. New data from the Central Bank of Kenya (CBK) shows that credit disbursed…
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Saccos outpace banks in loan disbursements for eight months
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Savings and Credit Cooperatives (SACOs) issued more loans than commercial banks in the first eight months of this year, reflecting the choice of customers who were put off by the high interest rates charged by commercial banks. New data from the Central Bank of Kenya (CBK) shows that credit disbursed…
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UK inflation expected to dip below 2% for first time in over three years
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The annual inflation rate in the United Kingdom is expected to fall below 2% for the first time since April 2021, according to data expected to be released next Wednesday. Official figures are expected to show a decline in consumer price inflation from 2.2% in August to between 1.8% and…
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Volunteers bring solar power to Hurricane Helene’s disaster zone
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Breadcrumb links PMN BMN Business Article writer: Associated Press Gabriela Aoun Angera Posted on October 13, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content BAKERSVILLE, N.C. (AP) — Nearly two weeks after Hurricane…
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Cosgrave’s Web Summit prospering without Israelis
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Several days after October 7, 2023, Paddy Cosgrave angered Israel’s tech community, which was still licking its wounds, with a series of tweets in which he criticized Israel’s response in Gaza, which appeared to leave no viable options for responding to… Cruel attack. After years in which Cosgrave, as CEO…
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Indonesia asks Apple, Google to block China’s Temu to protect small merchants By Reuters
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JAKARTA (Reuters) – Indonesia has asked Alphabet Inc (NASDAQ:) and Google (NASDAQ:) to ban Chinese fast-fashion e-commerce company Temu in their app stores in the country so it cannot be downloaded, an Indonesian minister said on Friday. . Communications Minister Budi Ari Setiadi told Reuters that the move aims to…
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Indonesia asks Apple, Google to block China’s Temu to protect small merchants By Reuters
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JAKARTA (Reuters) – Indonesia has asked Alphabet Inc (NASDAQ:) and Google (NASDAQ:) to ban Chinese fast-fashion e-commerce company Temu in their app stores in the country so it cannot be downloaded, an Indonesian minister said on Friday. . Communications Minister Budi Ari Setiadi told Reuters that the move aims to…
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RBI Boosts UPI Lite: Faster Transactions, Higher Limits
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In a move set to accelerate India’s digital payment landscape, the Reserve Bank of India (RBI) has significantly expanded the scope of UPI Lite. Following the recent Monetary Policy Committee meeting, the central bank announced key changes aimed at enhancing the convenience of small-value digital transactions. Key Updates: These changes…
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Billionaire Bill Gates Has 81% of His $48 Billion Portfolio in Just 4 Stocks
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Most people have probably heard of Bill Gates, who is known as the co-founder of the company Microsoft (NASDAQ:MSFT) and, more recently, his activities as a billionaire philanthropist. After leading the technology company he founded for more than a quarter-century, the former CEO left Microsoft to focus on his philanthropic…
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CBI to Investigate Big Fraud at SBI Bank in Uttar Pradesh
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The Central Bureau of Investigation (CBI) is looking into a major fraud case at a State Bank of India (SBI) branch in Lilapur, Uttar Pradesh. The fraud involves 4.85 crore rupees (about $580,000) being stolen from customer accounts. What Happened? Bank’s Response Customer Protests What’s Next? The situation at the…
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India is now Russia’s No. 2 supplier of restricted technology
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India has become the second-largest supplier of restricted critical technologies to Russia, US and European officials said, highlighting the challenge faced by efforts to stifle exports that fuel President Vladimir Putin’s war machine. Indian exports of banned items such as microchips, circuits and machine tools topped $60 million in both…
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Matchbox manufacturer wins packaging tax row
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The Tax Appeal Tribunal has sided with matchbox manufacturer Match Masters Limited in a dispute over the classification of folding packaging materials for safety matches. The court overturned the Kenya Revenue Authority’s cancellation of a prior tariff ruling against the company, saying the tax collector cannot set aside a tariff…
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Scottish Power owner Iberdrola commits £24bn to upgrade UK’s green energy infrastructure
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Iberdrola, the Spanish energy group and owner of Scottish Power, has announced a £24 billion investment to develop the UK’s energy infrastructure over the next five years. This represents a doubling of its commitment to Britain and makes the UK the largest destination for Iberdrola’s global investments. The investment will…
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Scottish Power owner Iberdrola commits £24bn to upgrade UK’s green energy infrastructure
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Iberdrola, the Spanish energy group and owner of Scottish Power, has announced a £24 billion investment to develop the UK’s energy infrastructure over the next five years. This represents a doubling of its commitment to Britain and makes the UK the largest destination for Iberdrola’s global investments. The investment will…
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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Smotrich seeks to loosen Budget Division’s grip on gov’t
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At the beginning of this week, and against the backdrop of setting the date for approval of the 2025 budget by the government, Finance Minister Bezalel Smotrich sent a letter to the head of the Budgets Division in his ministry, Yogev Grados, in which he stated that he outlines his…
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Israeli strikes kill 29 people in Gaza, medics say, as tanks push deeper in the north By Reuters
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Written by Nidal Al-Maghribi CAIRO (Reuters) – Israeli military strikes on the Gaza Strip on Saturday killed at least 29 Palestinians and forces continued their incursion into the Jabalia area, where international relief agencies say thousands of people are trapped, medics said. Residents said that Israeli forces continued to bomb…