Category: News
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Bernard Arnault forbids LVMH staff from talking to certain French media outlets
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Bernard Arnault and the LVMH empire are a force to be reckoned with in Europe and beyond. Now, the French media are bearing the brunt of the billionaire’s influence as Arnault looks to demonstrate his media power. Earlier this year, the billionaire sent a memo to employees banning them from…
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‘Girder’ your loins to pull a trailer…
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What kind of reinforcement does a vehicle need in order to install a ball joint to tow a light trailer? S.Bike Even a lightweight trailer is likely to weigh several hundred kilograms, plus the weight of its load. When traveling at a constant speed on smooth, level ground, most of…
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Drakeford plans new tax hit on private schools in Wales
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Private schools in Wales are likely to lose their charitable status from April 2024 under new proposals put forward by the Welsh Labour government. The move will require fee-paying schools to pay local taxes, a change that is expected to bring in an extra £1.3m a year. It follows UK-wide…
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Drought in Brazil, Vietnam highlight climate change’s impact on coffee: experts
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Breadcrumbs Path Links BMW PMN Business Article author: Canadian Press Rosa Saba Published on September 25, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Workers sort and grade coffee beans at a coffee factory…
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Salesforce buys Israeli data management co Zoomin
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US cloud software giant Salesforce (NYSE: CRM) announced that it has signed a definitive agreement to acquire Israeli data management company Unstructured Data Zoom inNo financial details were disclosed, but estimates put the value of the acquisition at between $400 million and $500 million. The acquisition comes less than three…
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Europe’s racial disparities cannot be untied from historical wrongs, report says By Reuters
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Written by Katharina Demoni (Reuters) – Racial inequalities in some European countries cannot be addressed if the legacy of colonialism and slavery is ignored, a report by a network of anti-racism groups in the European Union said on Wednesday. The report, “Europe’s Original Sin,” analyzed the historical use by six…
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Nvidia stock jumps on report CEO Jensen Huang is done selling shares after $713 million windfall
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Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/PI Nvidia shares closed up 4% on a report that CEO Jensen Hwang has finished selling shares. Hwang generated $713 million in total sales revenue. He remains the largest shareholder in Nvidia. Nvidia Shares rose 5% on Tuesday. Barron’s newspaper…
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Laid-off Foot Locker employee made $100,000 after shorting stock, SEC says
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Financial Regulatory Bodies Charged NEW YORK — A 56-year-old New York man was charged with insider trading Tuesday, alleging the CEO knew in advance that Foot Locker’s disappointing results would Profits That could trigger a selloff in shares. In all, authorities said the executive made about $113,000 — and now…
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Centum cuts exchange rate risk with switch to shilling loans
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Investment firm Centum has restructured a N3.1 billion dual currency loan from Standard Bank of South Africa into a shell facility, allowing the company to avoid exchange rate risk on the facility in the event of future weakness of the local currency against the dollar. The loan, which was held…
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Three Viable Alternative Business Financing Methods
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There will come a time when even the most profitable companies will need financing. This may be to complete an acquisition, expand, or launch new product lines. However, traditional financial institutions can be very protective, and your company may need to look for different methods. In this article, we discuss…
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Fed SOMA Manager says markets see 50bp rate cut as good news, not bad
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Roberto Perli, director of the Federal Reserve Bank of New York’s open market account, said in a speech Tuesday that markets do not view the 50 basis point rate cut by the Federal Open Market Committee as an indication of the strains facing the economy. Reuters with informationor: Market intelligence…
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Intel launches Habana Labs Gaudi 3 AI accelerator
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Intel today unveiled its next-generation AI solutions with the launch of the Xeon 6 and Habana Labs Gaudi 3 AI processors, in another bid to capture a significant share of the AI chip market. The Xeon 6 is the last word in the server and supercomputer market, and is a…
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NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update By Investing.com
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VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) — NextGen Food Robotics Corp. (NYSE:NEXTGEN) announced a company) (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) provides an update in accordance with National Policy 12-203 – Administrative Stop Trading Orders (“NB 12-203“). On August 13, 2024, the Company announced that it had…
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NextGen Food Robotics Corp. Provides Bi-Weekly MCTO Status Update By Investing.com
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VANCOUVER, British Columbia, Sept. 24, 2024 (GLOBE NEWSWIRE) — NextGen Food Robotics Corp. (NYSE:NEXTGEN) announced a company) (CBOE: NGRB; OTC Pink: NGRBF; Frankfurt: O83) provides an update in accordance with National Policy 12-203 – Administrative Stop Trading Orders (“NB 12-203“). On August 13, 2024, the Company announced that it had…
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Nvidia stock’s 20% drop is actually a good sign for the market, strategist says. Here’s why
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Tony Roth, Chief Investment Officer at Wilmington Trust Investment Advisors (mountain bikeWe spoke with Quartz in the latest episode of our “Smart Investing” video series. Watch the interview above and check out the transcript, lightly edited for length and clarity, below. Andy Mills (p): Big tech names like Nvidia and…
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A tearful Caroline Ellison is sentenced to two years in prison for her part in the FTX collapse: ‘I’m sorry I wasn’t brave’
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On Tuesday, former FTX CEO Caroline Ellison stood on a podium on the 21st floor of a Manhattan courthouse, her voice cracking as she asked the judge to reduce her sentence. Her parents and two younger sisters watched as she addressed the court. “My mind can’t even comprehend the pain…
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President Ruto backs Starlink rivalry with Safaricom
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Kenyan President William Ruto has backed US billionaire Elon Musk’s Starlink venture into Kenya amid a plea from Safaricom to reconsider licensing satellite internet providers. Dr Ruto said at a US-Kenya Business and Investment Roundtable that Starlink’s entry is in line with the government’s policy of deepening internet penetration and…
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Pound set to reach highest level against US dollar since 2021, says Goldman Sachs
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Goldman Sachs expects the pound to rise to its highest level against the US dollar in more than three years, supported by strong economic growth in the UK and a gradual reduction in interest rates by the Bank of England. The US investment bank expects the pound to reach $1.40…
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Leviathan partners sign $150m Haifa Group gas deal
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The partners in Israel’s Leviathan offshore gas field – NewMed Energy (TASE: NWMD) (45.34%), Chevron Mediterranean (39.6%), and Ratio Energies (TASE: RATI-L) – announced the signing of an agreement to supply the Haifa Group with 0.75 billion cubic meters of gas over seven years. The deal is worth $150 million.…
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Adjust Unveils Multi-Platform Deep Linking Solution for Mobile App Marketers To Drive In-App Engagement By Investing.com
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TrueLink’s powerful deep linking technology directs users to personalized in-app content from any platform or environment. SAN FRANCISCO–(BUSINESS WIRE)–Adjust, a leading measurement and analytics company, today unveiled TrueLink, a solution for mobile app marketers to create personalized, branded linking experiences that drive in-app engagement across multiple platforms and environments, including…