Category: News
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GMB calls for government to prioritise union-friendly firms in public contracts
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GMB, one of the UK’s largest trade unions, is urging the government to favor businesses that recognize trade unions when awarding public contracts. The call comes after revelations that Amazon secured £1 billion in government contracts despite allegations of “union-busting” practices. At the Labor Party conference today, GMB will push…
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Treasury unveils new taxes worth NIS 40b for 2025 budget
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The Finance Ministry today unveiled sweeping measures including NIS 35-40 billion in cuts to reduce Israel’s ballooning fiscal deficit to 4% in 2025. The measures were unveiled in the Tax Bill and the Anti-Dark Capital Bill, part of the Economic Arrangements Bill, which will accompany the 2025 budget. The measures…
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Stellantis begins search for successor to CEO Carlos Tavares By Reuters
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(Reuters) – Stellantis said on Monday it has begun searching for a candidate to succeed Chief Executive Carlos Tavares, whose contract is due to expire in 2026. However, the automaker added that there is still a possibility that Tavares will stay longer. Tavares has been under pressure to turn around…
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DJT stock plummets to new lows after lockup period expires
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Shares of Trump Media and Technology Group (DJT) fell more than 6% on Monday, trading at their lowest level since the social media company went public in March. The moves come after a lockup period on the sale of Trump Media and Technology officially expired last week. Stakeholders, including former…
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DJT stock plummets to new lows after lockup period expires
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Shares of Trump Media and Technology Group (DJT) fell more than 6% on Monday, trading at their lowest level since the social media company went public in March. The moves come after a lockup period on the sale of Trump Media and Technology officially expired last week. Stakeholders, including former…
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Housing crisis: America needs to ‘build, baby, build’
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Supply is the heart of the housing problem—we’re missing millions of homes. Mortgage rates are also important, but not nearly enough. Nick Villa, an economist at Moody’s, has said that lowering interest rates won’t solve the housing crisis. Now that the Fed has cut its key interest rates by a…
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Judge backs office romance, warns employers not to interfere
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The Labor and Labor Relations Court has ruled that romantic relationships between employees are legal and has barred employers from implementing policies or laws that interfere with matters of the heart. In a landmark ruling, the court warned employers against interfering in workplace romantic relationships, warning that such interference could…
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JCB boosts profits despite global market downturn
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JCB, the British heavy machinery manufacturer based in Staffordshire, has reported a significant rise in profits despite a global slowdown in the machinery sector. The company reported a 44% increase in pre-tax profits, to £806m last year, up from £558m in 2022. Revenues also saw an impressive 14% rise, to…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
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The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
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The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
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The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Leumi mortgages chief: Foreigners’ home purchases back to peak
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The state needs to formulate a national emergency plan for the housing sector to deal with the rapid rise in housing prices, said Uri Yonisi, head of the mortgage department at Bank Leumi, at the Globes-Bank Leumi Mortgage Conference. “The basic condition for dealing with the crisis is to realize…
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Tempur Sealy to divest more than 100 stores in bid to close $4 billion Mattress Firm deal By Reuters
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(Reuters) – Tempur-Sealy International Inc said on Monday it plans to sell more than 100 stores in a bid to win regulatory approval for its $4 billion deal with Mattress Firm Inc. Tempur-Sealy’s merger with Mattress Firm, which would create a combined empire of about 3,000 stores worldwide, has raised…
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Tempur Sealy to divest more than 100 stores in bid to close $4 billion Mattress Firm deal By Reuters
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(Reuters) – Tempur-Sealy International Inc said on Monday it plans to sell more than 100 stores in a bid to win regulatory approval for its $4 billion deal with Mattress Firm Inc. Tempur-Sealy’s merger with Mattress Firm, which would create a combined empire of about 3,000 stores worldwide, has raised…
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Hedge funds snap up US tech stocks amid falling rates, says Goldman Sachs
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LONDON (Reuters) – Hedge funds bought U.S. technology and media stocks at their fastest pace in four months last week, driven by an expected 50 basis point interest rate cut by the Federal Reserve, a Goldman Sachs note to clients seen by Reuters on Monday said. Lower interest rates are…
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Investors are betting on Wizz Air taking a bigger hit than its rivals amid price wars, debt and engine issues
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With travel expectations weakening as consumers hold back on spending, sellers are betting that one budget airline will fare worse than its European peers. The shares offered for trading, which indicate short interest, represent 13% of Wizz Air Holdings Plc’s shares available for trading, according to the latest data from…
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Banks start compliance with foreign customers reporting requirement
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Local banks are expected to fully comply this month with the requirement to share details of foreign accounts with the Kenya Revenue Authority (KRA), in order to transfer them to the relevant jurisdictions after the deadline of August 31, 2024. Commercial banks began identifying foreign clients holding accounts in Kenya…
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Lessons from Business Titans and Self-Help Gurus
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Are you overwhelmed by tasks? Learn how to boost your productivity with strategies from business legends like Jeff Bezos and Elon Musk, practical tips from self-help books, and quick hacks for immediate results. This guide provides actionable insights to help you get more done efficiently. Key takeaways Learning from successful…
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Moving IDF bases tops gov’t housing plan
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Evacuating IDF bases, moving the Volcani Institute – the Agricultural Research Organization from its campus in Beit Dagan, and reducing the size of the Mikveh Israel Agricultural School are at the top of the government’s housing plans for 2025. This is alongside extensive plans to increase the housing supply through…