Category: News
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Intel pleases stock market, but Chinese lie in wait
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Yesterday, Intel CEO Pat Gelsinger nearly uttered the word he had been unable to utter in his three years on the job: “spin off.” The CEO, who had devoted himself to Intel’s business unit, could not bear the idea, and he probably also recognized the regulatory and business difficulties that…
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Midea shares leap 9.5% in Hong Kong debut after $4 billion listing By Reuters
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By Scott Murdoch and Donny Cook SYDNEY (Reuters) – Midea Group jumped 9.5 percent on its Hong Kong debut on Tuesday after the Chinese home appliance maker raised nearly $4 billion in the city’s biggest share offering in nearly four years, boosting hopes of a rebound in large Chinese issuances.…
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European Stocks Rise With Data in Focus Before Fed: Markets Wrap
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(Bloomberg) — European stocks rose as traders awaited a final batch of U.S. economic data that could determine the size of the Federal Reserve’s interest-rate cut on Wednesday. Most Read from Bloomberg Retail and bank stocks led gains on the pan-European STOXX 600, while moves in other markets were muted…
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BYD now owns 100% of Denza – a Mercedes JV in China (Pink Current Info:BYDDF)
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BYD (OTCPK:BYDDF) has taken full control of its joint venture with Mercedes-Benz (OTCPK:MBGAF) in China by buying the remaining 10% stake in Shenzhen Denza New Energy Automotive, according to Knife Post mail. The acquisition was completed on September 14, 2024, and will be followed by the acquisition by BYD (OTCPK:BYDDF).)…
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Epidemiologist-turned-entrepreneur fasts every morning, cycles to work and still uses his Peloton at 66
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What would you do if you had a six-figure salary? You’d probably never cook another meal or enjoy a monthly Thai massage and a Soho House membership to relieve the stress of being at your best. Here at The Good Life, you no longer have to imagine what life at…
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Treasury cuts Sh334bn tax target for new Finance Bill
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The Treasury has cut its tax target for the next financial year by Sh334 billion and cut spending in changes that signal the government’s reluctance to raise taxes amid public anger. Budget review and forecast papers show the treasury expects to raise Sh2.96 trillion in the year starting next July…
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Rayner clashes with business secretary over reforms to workers’ rights
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Deputy Prime Minister Angela Rayner is at odds with Business Secretary Jonathan Reynolds over plans to give workers full employment rights from day one on the job, as concerns grow among businesses about the impact of the proposed reforms. The dispute centres on how probationary periods will work under the…
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The Burberry Summer 2025 Collection – Press Release
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Article Content LONDON, Sept. 16, 2024 (GLOBE NEWSWIRE) — This collection is characterized by simple elegance and authentic British creativity; expressive designs are characterized by familiarity. There is a sense of adventure in the summer: rainwear is cut. The elements of raincoats are deconstructed and executed in light fabrics: silk…
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Amnon Shashua’s AI startup AA-I Technologies revealed
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Professor Amnon Shashua founded an artificial general intelligence (AGI) startup, which is still in the dark. AGI is developing the ability to surpass human capabilities in performing complex tasks in a short time, such as developing drugs or inventing a new energy source. The startup, called AA-I Technologies The company…
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Amnon Shashua’s AI startup AA-I Technologies revealed
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Professor Amnon Shashua founded an artificial general intelligence (AGI) startup, which is still in the dark. AGI is developing the ability to surpass human capabilities in performing complex tasks in a short time, such as developing drugs or inventing a new energy source. The startup, called AA-I Technologies The company…
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Forge Unveils New Investors, Partnerships with 60+ Games, and 1 Million Registered Users By Chainwire
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San Francisco, USA, California, September 17, 2024, Chainwire Forge, the leading community-driven gaming marketing and player engagement platform, is excited to announce a new slate of strategic investors including leading gaming protocols Ava Labs and Sui Foundation. The new investors join at the right time as Forge crosses a significant…
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Microsoft Announces $60 Billion Buyback, Raises Dividend 10%
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(Bloomberg) — Microsoft Corp. unveiled a new $60 billion share buyback program, matching its largest buyback authorization ever, and raised its quarterly dividend by 10%. Most Read from Bloomberg The software company said shareholders will receive a quarterly dividend of 83 cents per share starting Nov. 21, compared with 75…
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Wheat futures take breather as traders pull back from war-fueled rally (NYSEARCA:WEAT)
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Toltek/iStock via Getty Images U.S. wheat futures fell the most in six weeks on Monday, as traders took profits after prices surged last week due to escalating hostilities in the war between Russia and Ukraine. Wheat prices jumped 5% to nearly $6 a bushel last week, hitting a record high.…
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Brain implant lets man control Amazon’s Alexa with his mind
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Amazon, the tech giant behind the innovation, announced Monday that a patient with a degenerative disease was able to control the digital assistant Alexa with his mind, allowing him to stream shows and control devices using only his thoughts. Synchron, a company that develops brain-computer interfaces, said a blood vessel…
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Meru goes digital to plug revenue leaks
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The Meru County Government has updated its cashless revenue system to allow residents to pay all licenses and fees from the convenience of their phones. To pay parking fees and other permits in Meru, residents are required to use the USSD code *412# on their phones. Payments can also be…
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Fears grow as Harland & Wolff nears administration, risking royal navy ship contract
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Harland & Wolff, the historic Belfast shipyard best known for building the Titanic, is on the verge of bankruptcy, putting a £1.6bn contract to build three Royal Navy warships at risk. The troubled shipbuilder, which is expected to file for administration as early as Monday, faces a cash shortfall by…
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Deer Lake First Nation Energized by Wataynikaneyap Power
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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 16, 2024 •…
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Despite objections 42-floor “Burj Jerusalem” tower approved
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More than 200 objections did not stop the Jerusalem District Planning and Building Committee from approving a plan to build a 42-story tower near Mount Herzl in the capital, a source close to the matter told Globes. The controversial plan at the Epstein complex overlooks the Yad Vashem Holocaust memorial…
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European shares end marginally lower on tech drag; Fed in focus By Reuters
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By Shubham Batra and Shashwat Chauhan (Reuters) – European shares closed slightly lower on Monday as losses in heavyweight technology stocks weighed on the index, while the focus remained on the U.S. Federal Reserve, which is widely expected to start its monetary easing cycle this week. The pan-European STOXX 600…
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US interest rate futures see higher odds of super-sized Fed move
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By Gertrude Chavez Dreyfus NEW YORK (Reuters) – Futures contracts for the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced in a 60 percent chance that the U.S. Federal Reserve will cut interest rates by 50 basis points on Wednesday, London Stock Exchange calculations…