Category: News
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Kenya, IMF fallout deepens as State firms’ sale blocked
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A Supreme Court ruling declaring the Privatization Act 2023 unconstitutional appears set to further complicate Kenya’s efforts to secure more than Sh77.5 billion in fresh funding from the International Monetary Fund. The IMF had partly linked the financing plan to a comprehensive overhaul of state-owned enterprises, including the sale and…
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Raspberry Pi shares surge after strong first update since flotation
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Raspberry Pi, the British maker of affordable microcomputers, reported stronger-than-expected profits in its first financial update since going public on the London Stock Exchange in June. The company, which raised £178.9m through its initial public offering and joined the FTSE 250 index, saw its sales rise 61% year-on-year to $144m…
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Starmer’s ‘Whisperer’ Brings Connections, Complications From Past
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Breadcrumb Trail Links PMN Business The Prime Minister’s “business whisperer” Varun Chandra has been putting his extensive contacts book to use at the Labour party conference this week, meeting corporate networkers who hope to have the ear of the new government. Author of the article: Bloomberg News Katherine Griffiths, Harry…
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David’s Sling intercepts first Hezbollah missile fired at Tel Aviv
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It has been almost a year since the start of Operation Iron Swords, but while the intense rocket attacks on northern Israel continue, Hezbollah this morning, for the first time ever, fired a ballistic missile at the Tel Aviv area. It was intercepted by Israeli air defenses. David’s Sling system.…
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Taiwan reports surge of Chinese warplanes off its coast By Reuters
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TAIPEI (Reuters) – Taiwan’s defence ministry said on Thursday it had detected an increase in the number of Chinese warplanes flying over its east, west and south coasts in what a security source described as Chinese simulations of attacks to prevent foreign forces from providing assistance during the conflict. Democratically…
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Stocks are mirroring the early days of one of history’s biggest bull markets, hedge fund manager says
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Getty; Chelsea Jia Feng/PI Hedge fund manager Eric Jackson believes the “everything rally” in the stock market could continue. Jackson compared the current economic environment to the bull market of 1982, when prices fell and the economy grew. Lower interest rates, economic growth and yield curve shifts are working in…
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Stocks are mirroring the early days of one of history’s biggest bull markets, hedge fund manager says
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Getty; Chelsea Jia Feng/PI Hedge fund manager Eric Jackson believes the “everything rally” in the stock market could continue. Jackson compared the current economic environment to the bull market of 1982, when prices fell and the economy grew. Lower interest rates, economic growth and yield curve shifts are working in…
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Disney lays off hundreds in cost cutting measure
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The Walt Disney Company is laying off workers companywide as part of ongoing efforts to improve business profitability. “As part of this ongoing improvement work, we have reviewed the cost structure of our functions across the company and determined that there are ways to run them more efficiently,” the company…
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Caterer Sodexo weighs acquisition of US rival Aramark, Bloomberg News reports By Reuters
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(Reuters) – French food service company Sodexo is considering a possible acquisition of U.S. rival Aramark, Bloomberg News reported on Wednesday. Sodexo has been periodically discussing the deal with food and facilities management company Aramark in recent months, the reports said, citing people familiar with the matter. But there is…
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Royal jeweller cuts prices by 20% to counter impact of tourist tax
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Kiki McDonough, a favourite jewellery designer of Princess Diana, Kate Middleton and Queen Camilla, has cut the prices of her products by 20% in an attempt to offset the effects of the so-called “tourist tax”. This summer, McDonough offered the discount to American and Australian shoppers, aiming to soften the…
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Osgoode leading Canadian legal education with launch of micro-courses
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on September 25, 2024 •…
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Osgoode leading Canadian legal education with launch of micro-courses
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on September 25, 2024 •…
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City curbside parking reform postponed
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The Department of Transport has admitted it has not been able to improve public transport enough to meet the key requirement for the city’s curbside parking pricing reform, and has asked for its introduction to be delayed by two years. The Economic Arrangements Act 2021 includes a provision that will…
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Wall Street will get a glimpse into what’s ahead for US chipmakers
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Micron (MU) is the first chipmaker to report quarterly results this earnings season. Its report, due after the close of trading on Wednesday, is set to offer insight into the performance of the semiconductor sector amid high expectations from Wall Street. Micron’s memory chip business has seen a major upswing…
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Ozempic may help manage opioid addiction: study
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People with a history of opioid abuse who took Novo Nordisk A/S’s Ozempic were less likely to overdose, a study has shown, adding to a growing body of evidence that it may help manage addiction. Patients taking semaglutide, the main ingredient in Novo’s diabetes drug Ozempic, and the weight-loss injection…
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North faces ‘Armageddon’ without HS2 links, warns Andy Burnham
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Greater Manchester Mayor Andy Burnham has warned that the north of England risks facing a “catastrophe” unless the HS2 high-speed rail link from Birmingham to Manchester is completed. Labour leader Sir Keir Starmer has urged a reversal of the previous government’s decision to scrap the northern part of the project,…
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Israel airfares skyrocket for holiday flights
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With the Jewish High Holidays approaching next week, the list of foreign airlines canceling flights to Israel is growing as Hezbollah rockets reach further south. The Lufthansa Group (including Austrian Airlines, Swiss, Brussels Airlines and Eurowings) has cancelled all flights for the next three weeks, while Wizz Air, British Airways,…
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Smartsheet stock sees target raised by RBC Capital, acquisition by Blackstone and Vista valued at $8.4B By Investing.com
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On Wednesday, RBC Capital revised its price target to Smart Sheet Company (NYSE: NYSE: ) stock, raising it to $56.50 from a previous target of $51.00. The firm maintained a sector perform rating on the stock. The revision comes on the heels of Smartsheet’s announcement that it has entered into…
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Why This Stock Could Be the Nvidia of Healthcare
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Over the past two years, artificial intelligence has emerged as the next global trend. So far, no progress has been made in this area. Generative Artificial Intelligence Most of them have centered around the technology industry. In particular, semiconductor specialist Nvidia Microsoft is seen as the engine that drives the…