Category: News
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Labour’s economic pessimism halts UK equity market recovery, triggering significant outflows
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UK stock markets have taken a hit as the Labor government’s pessimistic portrayal of the country’s economic outlook reverses a brief rebound in investor interest. New figures from Calastone, a global fund network, show that UK-focused funds suffered net withdrawals of £666m in September, while other geographically focused fund sectors…
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Media Advisory: APEGA’s Rock & Fossil Clinic to welcome hundreds of families to the University of Alberta this Saturday
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Article content For immediate publication EDMONTON, Oct. 03, 2024 (GLOBE NEWSWIRE) — The Association of Professional Engineers and Geoscientists of Alberta (APEGA) invites the media to attend its 31st Congressstreet Annual Rock and Paleontology Clinic at the University of Alberta Saturday 5 Octobery. Hundreds of families have signed up to…
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Media Advisory: APEGA’s Rock & Fossil Clinic to welcome hundreds of families to the University of Alberta this Saturday
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Article content For immediate publication EDMONTON, Oct. 03, 2024 (GLOBE NEWSWIRE) — The Association of Professional Engineers and Geoscientists of Alberta (APEGA) invites the media to attend its 31st Congressstreet Annual Rock and Paleontology Clinic at the University of Alberta Saturday 5 Octobery. Hundreds of families have signed up to…
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IATI-RISE report warns on dangers to Israel’s tech industry
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How badly has Israel’s tech industry been damaged by war over the past year? It depends on who you ask. This morning Israel Advanced Technology Industries (IATI), which also represents foreign investors and Israeli development centers for American companies, in cooperation with the RISE Institute for Policy and Research in…
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PPIH stock soars to 52-week high, touches $13.49 By Investing.com
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In a remarkable display of market confidence, shares of Perma-Pipe International Holdings, Inc. rose. (PPIH) reached a 52-week high, reaching a price level of $13.49. This peak reflects significant upside for the company, known for its pre-insulated piping and leak detection systems. While PPIH is celebrating this milestone, another stock,…
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Nvidia stock rises as CEO Jensen Huang touts ‘insane’ chip demand
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Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for next-generation Blackwell chips was “insane.” In an interview with CNBC on Wednesday after the market closed, Huang confirmed that the chips are in “full production” despite recent design issues that have caused some…
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Red Lobster’s new CEO said the seafood chain’s endless shrimp offering caused an all-you-can-eat chaos
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Red Lobster has had a questionable few months. In May, the seafood chain filed for bankruptcy after closing more than 50 locations amid huge losses from an Endless Shrimp promotion that caused chaos. But in August, Red Lobster welcomed a new CEO: Damola Adamolekun, the 35-year-old former CEO of PF…
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Cash flow crisis drags down private sector activity
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Kenya’s private sector activity deteriorated marginally in September due to persistent cash flow challenges affecting production and demand for goods and services, results of a monthly survey showed on Thursday. The Kenya Stanbic Purchasing Managers’ Index (PMI), which measures the performance of key private sector indicators such as production, new…
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Starling Bank fined £29m for ‘shockingly lax’ financial crime controls
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Starling Bank has been fined £29m by the Financial Conduct Authority (FCA) over “shockingly lax” financial crime controls that left the UK financial system exposed to criminals and sanctioned individuals. The Financial Supervision Authority’s investigation revealed that the digital bank failed to design and implement appropriate systems to mitigate the…
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Connect First and Servus Credit Union begins a new era benefiting from merger
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on October 3, 2024 • 3 minutes…
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More Good News for Nio Investors
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New (NYSE: NEO) It’s been a roller coaster ride for investors over the past month as its share price has risen by more than 65%. It has had a few good pieces of good news, including the Chinese government’s stimulus package, the fact that its new affordable Onvo brand is…
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Dutch airline KLM will do ‘everything’ it can to protect jobs in cost-cutting drive
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Dutch airline KLM announced on Thursday a comprehensive package of “aggressive” cost-cutting measures that it hopes will lead to an increase in operating profits of about 450 million euros ($496 million) “in the short term.” There was no specific mention of job cuts, but the company pledged to “explore options…
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Construction contracts for first time in 11 years
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The construction sector suffered its first contraction in nearly 11 years, with output falling by 2.9% in the quarter ending June 2024, hit by rising input costs, new data from the Kenya National Bureau of Statistics (KNBS) showed. The cost of inputs including cement, quarry products, sand and paints rose…
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Tetley tea owner takes legal action against striking workers over trespass claims
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Tata Consumer Products, owner of Tetley Tea, has initiated legal action against the striking factory workers, accusing them of trespassing during an ongoing dispute over wages. The company applied for an injunction for trespassing after workers entered Tetley’s Teesside production site in County Durham, breaching picketing rules and engaging in…
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Prospera Energy Inc. Announces Cash Flow Optimization
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on October 3, 2024 • 4 minutes…
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Israeli startups raised over $400m in September
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Private Israeli technology companies raised $7.2 billion in the first nine months of 2024, according to IVC-LeumiTech. Israeli startups raised more than $400 million in September 2024, according to reports and press releases seen by Globes. The number may be higher because some companies prefer to remain hidden and sometimes…
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Faraday Future Announces Executives’ Common Stock Purchases By Investing.com
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LOS ANGELES–( BUSINESS WIRE )– Faraday Future Intelligent Electric (Nasdaq: FFIE) (FF, or Faraday Future), a global ecosystem company in electric intelligent mobility, today announced The California-based joint venture announced that its global CEO, Matthias Aidt, and FF’s founder and chief product and user officer, Y.T. Jia, purchased the company’s…