Category: News
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Micron Technology sees largest gain in nearly 13 years
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Micron Technology, the largest U.S. maker of computer memory chips, posted its biggest gain in nearly 13 years after delivering a surprisingly strong forecast for sales and profits, boosted by demand for artificial intelligence equipment. The company said in a statement on Wednesday that fiscal first-quarter revenues will amount to…
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Kenya eyes UAE-backed Sh193bn debt as IMF delays
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Kenya has turned to $1.5 billion (Sh193.8 billion) in UAE-backed bonds in the wake of faltering IMF financing to plug the country’s financing shortfall as UAE royals seek wider influence in Africa. . The UAE will guarantee the bonds while Kenya expands the scope of financing available after the withdrawal…
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Funding Circle co-founder Samir Desai to leave board, marking end of an era
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Sameer Desai, co-founder and former CEO of Funding Circle, is stepping down from the board of the small business lending company, further distancing himself from the company he helped build. Desai, 41, was instrumental in founding the peer-to-peer lending platform in 2010 alongside Andrew Mullinger and James Meekings. After serving…
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Funding Circle co-founder Samir Desai to leave board, marking end of an era
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Sameer Desai, co-founder and former CEO of Funding Circle, is stepping down from the board of the small business lending company, further distancing himself from the company he helped build. Desai, 41, was instrumental in founding the peer-to-peer lending platform in 2010 alongside Andrew Mullinger and James Meekings. After serving…
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The Canadian Association of Occupational Therapists Launches a Petition to Fight for Better Coverage of OT Services Across Canada
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Article content OTTAWA, Ontario, Sept. 26, 2024 (GLOBE NEWSWIRE) — The Canadian Association of Occupational Therapists (CAOT) has launched a petition calling for improved insurance coverage for occupational therapy (OT) services across Canada. With more than 5,400 signatures so far, the association is urging Canadians to use their voices and…
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Air Haifa to begin operations on Monday
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Israel’s new airline Haifa Airlines has announced that it has received an operating license from the Ministry of Transport and has officially begun selling tickets on its website. The Haifa-based company had originally planned to operate flights from Haifa Airport, but due to the escalation in the north and the…
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EF Hutton maintains price target on Enlivex after trial advancement By Investing.com
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EF Hutton has affirmed its Buy rating on shares of Enlivex Therapeutics (NASDAQ: ), with a $13.00 price target. The firm’s stance comes in light of Enlivex’s recent announcement regarding the progress of its clinical trial for knee osteoarthritis. The Danish Medicines Agency has granted the company permission to start…
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Super Micro Computer probed by DoJ
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Super Micro Computer (NASDAQ:SMCI), a major player in the artificial intelligence server industry, is under investigation by the U.S. Department of Justice, according to a report from The Wall Street Journal (WSJ). The investigation comes on the heels of a report by short-selling firm Hindenburg Research that raised concerns about…
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Bilt Rent Day bonus details
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Rent day usually means paying your landlord one of your biggest monthly expenses. But Belt is flipping the script and turning the first day of every month into an opportunity to earn extra points and take advantage of limited-time offers. In September, Belt is offering the chance to maximize your…
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Insurance claims from floods rise to Sh5 billion
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Insurance claims from floods that hit Kenya between March and June rose by 62 percent to at least Sh5 billion, indicating the impact on insurers of the increasing severity and frequency of climate change-related risks. The rise in flood claims means insurers will have to pay more attention to the…
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ForexLive European FX news wrap: China uplifts broader markets; SNB cuts, dollar sluggish
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Headlines: Markets: AUD advances, USD lags during the day European stocks rise; S&P 500 futures up 0.8% The yield on the 10-year US Treasury note fell 0.9 basis points to 3.771%. Gold rises 0.8% to $2,678.03 West Texas Intermediate crude fell 2.8% to $67.77. Bitcoin price rises 1.3% to $64,330…
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ForexLive European FX news wrap: China uplifts broader markets; SNB cuts, dollar sluggish
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Headlines: Markets: AUD advances, USD lags during the day European stocks rise; S&P 500 futures up 0.8% The yield on the 10-year US Treasury note fell 0.9 basis points to 3.771%. Gold rises 0.8% to $2,678.03 West Texas Intermediate crude fell 2.8% to $67.77. Bitcoin price rises 1.3% to $64,330…
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New Check Point CEO to receive $15.3m remuneration package
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new Check Point Software Technologies Co., Ltd. (NASDAQ: CHKPCEO Nadav Zafrir will receive a compensation package of up to $15.3 million, after it is approved at a shareholder meeting in late October. Israeli cybersecurity firm Check Point announced two months ago that it had appointed Team8 venture capital fund founder…
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Stocks Rally With Asia as China Pledges Fiscal Aid: Markets Wrap
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(Bloomberg) — European stocks and U.S. stock futures rose, tracking gains in Asia after China pledged fiscal stimulus, and technology shares rose. Most Read from Bloomberg Europe’s Stoxx 600 index rose 1% and Nasdaq 100 futures advanced after a strong revenue outlook from Micron Technology Inc. sent the stock higher…
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Stocks Rally With Asia as China Pledges Fiscal Aid: Markets Wrap
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(Bloomberg) — European stocks and U.S. stock futures rose, tracking gains in Asia after China pledged fiscal stimulus, and technology shares rose. Most Read from Bloomberg Europe’s Stoxx 600 index rose 1% and Nasdaq 100 futures advanced after a strong revenue outlook from Micron Technology Inc. sent the stock higher…
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Germany economy is ‘stuck in stagnation,’ ING says
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A major European bank has warned that the German economy is “stuck in a recession” as months of bad news have created seemingly endless negative sentiment and exacerbated key structural issues. Head of Global Macroeconomic Research at ING I painted A bleak picture for Germany’s struggling economy after a key…
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Germany economy is ‘stuck in stagnation,’ ING says
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A major European bank has warned that the German economy is “stuck in a recession” as months of bad news have created seemingly endless negative sentiment and exacerbated key structural issues. Head of Global Macroeconomic Research at ING I painted A bleak picture for Germany’s struggling economy after a key…