Category: News
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Tata Chemicals to triple Magadi soda production in Sh3.6bn drive
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Tata Chemicals Magadi Soda Limited (TCML) is set to triple the capacity of its soda ash plant in Magadi, Kajiado County in a Sh3.61 billion ($28 million) expansion drive, supported by improving global demand for the commodity. As part of the project, TCML will expand and modernize its Trona soda…
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Tata Chemicals to triple Magadi soda production in Sh3.6bn drive
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Tata Chemicals Magadi Soda Limited (TCML) is set to triple the capacity of its soda ash plant in Magadi, Kajiado County in a Sh3.61 billion ($28 million) expansion drive, supported by improving global demand for the commodity. As part of the project, TCML will expand and modernize its Trona soda…
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Recruiting 5,000 new HMRC compliance officers just first step in fixing UK’s tax system, says Blick Rothenberg
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With just over three weeks to go until the Budget, the Government’s plan to recruit 5,000 new compliance officers into HMRC has been welcomed by leading audit, tax and business consultancy Blick Rothenberg. However, the company warns that these recruitment efforts are only a small step towards fixing deep-rooted problems…
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Will Bank of Israel raise rate on Wednesday?
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The Bank of Israel’s Monetary Committee will announce its latest interest rate decision on Wednesday. The announcement was postponed for two days to avoid conflicting with the October 7 commemorations and the first anniversary of the start of the war. The consensus is that the Bank of Israel will not…
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Brazil votes in local elections with eyes on 2026 presidential showdown By Reuters
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Written by Eduardo Simões and Anthony Bodell SAO PAULO (Reuters) – Brazilians cast ballots on Sunday for mayors and city council members in more than 5,500 municipal elections, with opinion polls showing conservative candidates with a strong lead in many major cities, setting up the country’s political landscape ahead of…
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A GE spinoff’s stock is surging as it positions itself as the ‘supermarket’ for AI energy demand
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The massive demand for energy as big tech companies race to build out their AI infrastructure has been a tailwind for GE Vernova (GEV), the energy equipment maker that spun off the iconic GE earlier this year. Shares of the Cambridge, Massachusetts-based company have been hovering near all-time highs, along…
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How to watch, stream Week Five of the NFL’s 2024-2025 season live online free without cable: Fox, CBS, NBC, ESPN
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Last week saw three NFL teams lose for the first time this season, leaving only the Kansas City Chiefs and Minnesota Vikings with a perfect record. This week, they both face cross-conference play with 2-2 teams, putting the odds in their favor to keep those streaks going. But records aren’t…
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Olive oil prices set to halve as Mediterranean bumper harvest looms
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Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the largest producing region in the Mediterranean, Andalusia in Spain, prepares for a bumper harvest. The end of prolonged drought conditions is expected to increase production by 77%, with the…
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Olive oil prices set to halve as Mediterranean bumper harvest looms
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Olive oil prices are expected to fall significantly in the coming months, with experts predicting a potential 50% drop as the largest producing region in the Mediterranean, Andalusia in Spain, prepares for a bumper harvest. The end of prolonged drought conditions is expected to increase production by 77%, with the…
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Little-Contest Tunisia Vote Dashes Hope in Cradle of Arab Spring
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Breadcrumb links BMN Business Tunisians vote on Sunday in elections that are likely to spell the death knell for the Arab Spring that was born in the North African country more than a decade ago, and cement a partnership with Italian Giorgia Meloni that has caused a decline in illegal…
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UBS sets out forecasts for shekel as conflict widens
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In a survey of the Israeli economy, Swiss bank UBS notes that the economy has been in a difficult and complex situation since the Hamas attack on October 7, 2023, and sets a forecast for the shekel based on three scenarios. “GDP and the financial hit to the Israeli economy…
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Dozens killed in Gaza as army launches new incursion in north By Reuters
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Written by Nidal Al-Maghribi CAIRO (Reuters) – At least 24 people were killed and 93 others wounded when Israeli air strikes bombed a mosque and a school housing displaced people in the Gaza Strip early on Sunday, the media office of the Palestinian government in the Gaza Strip, which is…
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Dozens killed in Gaza as army launches new incursion in north By Reuters
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Written by Nidal Al-Maghribi CAIRO (Reuters) – At least 24 people were killed and 93 others wounded when Israeli air strikes bombed a mosque and a school housing displaced people in the Gaza Strip early on Sunday, the media office of the Palestinian government in the Gaza Strip, which is…
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23andMe’s future prompts more worries, as genomic data analysis improves
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Clients of genetic data company 23andMe may be at greater risk than they realize, notes A New York Times story This argues that the company’s problems could be short-term compared to the long-term threats facing its roughly 15 million people if 23andMe cannot continue as a going concern. Certainly, founder…
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MG Cyberster Review: Bringing open-top fun to electric cars at last
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But, until now, there has been one form conspicuously absent – the open-top sports car. And now, finally, there’s an all-electric convertible, and it’s coming from a brand that made its name with roadsters. British manufacturer MG may have fallen from its glory days, but it has reasserted itself. Its…
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SK Macharia ordered to wire Sh400m back to Directline
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Businessman and media owner Samuel Kamau Macharia (SK Macharia) has been ordered to return Sh400 million withdrawn from Directline Assurance Company Limited. Judge Alfred Mapia said the transfer of funds by Mr Macharia was not only unlawful and illegal, but was intended to financially cripple the company. The judge said…
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Euston turns off giant billboard after commuter backlash over missing passenger information
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Euston railway station has switched off its giant billboards following protests from passengers who criticized the replacement of passenger biometric information screens. This decision comes after mass cancellations of Avanti West Coast trains left thousands of passengers frustrated and confused in the crowded station lobby. Transport Minister Louise Hay intervened,…
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Trump Rallies With Elon Musk at Site of Assassination Attempt
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Breadcrumb links BMN Business Republican candidate Donald Trump rallied his supporters at the site of his assassination attempt in July and returned to his headquarters in Pennsylvania, where a gunman’s bullet bloodied his ear and turned the presidential campaign upside down. Article writer: Bloomberg News Stephanie Lai Published on October…
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Smotrich on Moody’s downgrade: Israel’s economy is strong
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Finance Minister Bezalel Smotrich gave an initial reaction last night to the downgrade of Israel’s sovereign rating by Moody’s to Baa1. In his statement, Bezalel tries to soften the blow, promising to pass the budget, hinting at planned austerity measures, perhaps in an attempt to send a signal to other…