Category: News
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Pound reaches two-year high as Bank of England holds interest rates steady
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The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
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Pound reaches two-year high as Bank of England holds interest rates steady
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The pound rose to its highest level since March 2022, breaking through the $1.33 level, after the Bank of England decided to keep interest rates steady at 5 percent and indicated a gradual approach to easing monetary policy. Sterling rose about 0.7 percent against the dollar, to $1.331, after the…
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UK Retail Sales Beat Expectations During August Sunny Spell
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Breadcrumbs Path Links PMN Business UK retail sales rebounded in August as consumers’ desire to take advantage of sunny weather and summer discounts offset lingering political and financial concerns. Article author: Bloomberg News Irina Angel Published on September 20, 2024 • Read for 3 minutes You can save this article…
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UK Retail Sales Beat Expectations During August Sunny Spell
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Breadcrumbs Path Links PMN Business UK retail sales rebounded in August as consumers’ desire to take advantage of sunny weather and summer discounts offset lingering political and financial concerns. Article author: Bloomberg News Irina Angel Published on September 20, 2024 • Read for 3 minutes You can save this article…
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Why Apple dropped its lawsuit against NSO
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Apple has tried to present itself as fighting the phenomenon of iPhone hacking by states and security organizations, and three years ago filed a lawsuit in San Francisco against the Israeli cyberattack company NSO. At the time, the company was the subject of investigative reports by journalists around the world,…
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Why Apple dropped its lawsuit against NSO
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Apple has tried to present itself as fighting the phenomenon of iPhone hacking by states and security organizations, and three years ago filed a lawsuit in San Francisco against the Israeli cyberattack company NSO. At the time, the company was the subject of investigative reports by journalists around the world,…
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Global investors brace for turmoil as big Fed cut sows confusion By Reuters
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By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Major global investors are on alert for sharp market volatility after a big U.S. interest rate cut sparked confusion over whether the market-dominating global economy will boom or slump, clouding the outlook for stocks, bonds and currencies around the world. Global…
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Stocks Extend Rally, Yen Gains as BOJ Holds Rate: Markets Wrap
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(Bloomberg) — Asian shares extended a rally in global equity markets after jobs data supported the view that the U.S. economy is headed for a soft landing. The yen rose after the Bank of Japan left interest rates unchanged. Most Read from Bloomberg MSCI Asia Pacific Index rose as shares…
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Beds sold at Amazon, Walmart recalled due to collapse hazard
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Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart across the United States and Canada are being recalled because they can collapse, posing a risk of falls and injury. CVB Inc., a Utah-based importer, is recalling Lucid-branded platform beds with square padded headboards, it said Thursday. Notifications…
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US rate cut brings cheer to Kenyan investors
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Kenya is expected to see lower bank borrowing costs, gains on the Nairobi Stock Exchange and a rise in the shilling against the dollar after the US Federal Reserve began expected interest rate cuts on Wednesday, sending dollars into emerging markets. The US central bank cut its benchmark interest rate…
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Tax incentives and finance access top SMEs’ priorities ahead of autumn budget
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As the Autumn Budget approaches, tax incentives and improved access to finance have emerged as key demands from UK SMEs, according to new research from Bibby Financial Services (BFS). The latest SME Confidence Tracker Index reveals that despite a post-election rebound in business optimism, small business leaders are calling on…
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Japan’s Inflation Speeds Up Ahead of Expected BOJ Rate Hold
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Breadcrumbs Path Links PMN Business Japan’s core inflation gauge rose for a fourth straight month in August, hours before the Bank of Japan is due to conclude its latest policy meeting. Article author: Bloomberg News Yoshiaki Nohara Published on September 19, 2024 • Last updated 16 minutes ago • Read…
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Playtika buys Israeli gaming co SuperPlay for up to $1.95b
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Israeli mobile game developer Playtica Holding Company PLTK (NASDAQ:PLTK) announced that it will acquire the Israeli-based mobile gaming company Super play The deal is valued at $700 million, plus an additional $1.25 billion in contingent consideration, subject to the achievement of certain financial targets over three years, adjusted for EBITDA…
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Playtika buys Israeli gaming co SuperPlay for up to $1.95b
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Israeli mobile game developer Playtica Holding Company PLTK (NASDAQ:PLTK) announced that it will acquire the Israeli-based mobile gaming company Super play The deal is valued at $700 million, plus an additional $1.25 billion in contingent consideration, subject to the achievement of certain financial targets over three years, adjusted for EBITDA…
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Hormel Foods senior VP sells shares worth $327,000 By Investing.com
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In a recent transaction, Kevin L. Myers, Senior Vice President of the company, said: Hormel Foods Company Nike Inc. (NYSE:) sold 10,000 shares of the company’s common stock. The shares were sold at an average price of $32.70, for a total value of $327,000. The sale was recorded on Sept.…
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Nike names former executive Elliott Hill as CEO
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Nike Inc. (NKE) announced a new chief executive on Thursday, sending its shares up about 10% in after-hours trading as the company tries to revive sluggish sales growth amid increased competition. Elliott Hill, a former Nike executive who retired in 2020, will return to the company as CEO and president…
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U.S. ranks worst, Australia best in 2024 survey of health care systems
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The U.S. health care system is in a unique category, according to a new analysis of health system performance in 10 high-income countries — but in a devastating way. Americans are living sicker lives and dying younger, according to a report by Commonwealth Fundan independent healthcare research company. Mirror, Mirror…
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Non-tax revenue from parastatals post biggest increase on mop-up
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New data from the National Treasury showed that the money the government generates from non-tax sources such as service charges, as well as absorbing surplus funds from parastatals, more than quadrupled in the first two months of the year. The Treasury said in its monthly disclosures that non-tax revenue for…
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Create your business manifesto and win £10,000 with Adobe
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Aspiring solopreneurs and small business owners are being offered a life-changing opportunity to accelerate their entrepreneurial dreams, thanks to Adobe’s new Manifest-o method. Designed by experienced business professionals and powered by Adobe Express technology, this framework helps you turn ideas into actionable business plans. Now available on Adobe websiteThe Manifest-o…
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ATN Board Declares Quarterly Dividend
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Article Content BEVERLY, Mass., Sept. 19, 2024 (GLOBE NEWSWIRE) — ATN International, Inc. (Nasdaq: ATNI) announced that its Board of Directors has declared a quarterly dividend of $0.24 per share, payable on October 4, 2024, on all outstanding common shares of record to shareholders of record through September 30, 2024.…