Category: News
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Elon Musk is on pace to be world’s first trillionaire
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There are currently no trillionaires on planet Earth, but that could change in the next two years, according to a new study. New report from wealth tracking service Informa Connect. The company estimates that Elon Musk’s net worth will exceed $1 trillion in 2027, assuming his wealth continues to grow…
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Mombasa airport gets new passenger lounge
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A Turkish investor has opened a new terminal at Moi International Airport (MIA) in Mombasa, aiming to capitalise on rising passenger traffic through the gateway. Bosphorus Lounge, designed with a coastal cultural theme, opened its doors over the weekend and spans 10,000 square feet and can accommodate 150 guests. Miami…
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Two million self-employed workers face pension crisis, warns IFS
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The Institute for Fiscal Studies has warned that nearly two million self-employed workers in the UK face an imminent pension crisis due to insufficient savings. The latest report reveals that only 500,000 self-employed people earning more than £10,000 a year contribute to a pension, leaving 1.8 million people with no…
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Xenon Showcases Azetukalner Data at 15th European Epilepsy Congress
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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 9, 2024 •…
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Israel’s fiscal deficit climbs again
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Israel’s fiscal deficit rose again for the 17th consecutive month, after reaching zero in March 2023. The deficit in the 12 months to the end of August this year amounted to 8.3% of GDP, or NIS 161 billion, Finance Ministry Accountant General Yali Rotenberg reported today. The figure at the…
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Turkish firms face wave of closures amid economic reckoning By Reuters
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Written by Seda Caglayan and Ezgi Erkoyun COROM, Turkey (Reuters) – It is hard for Dogan Duman to see how he can keep his clothing factory in central Turkey open much longer, even after firing a third of his staff to cut costs that have soared for companies across the…
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Wall Street’s 2 Newest Stock-Split Stocks Are Taking Center Stage This Week
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Despite artificial intelligence Stock splits have been the talk of Wall Street for most of the past two years, and the euphoria surrounding companies executing stock splits has been an equally important catalyst for the stock market in 2024. A stock split is a tool available to publicly traded companies…
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European markets rebound from last week’s fall
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da-kuk/E+ via Getty Images London (UKX) +0.64% Germany (DAX:IND) +0.51% France (CAC:IND) +0.41% The unemployment rate in the Czech Republic was 3.8% in August. Denmark’s current account surplus narrowed to DKK 35.3 billion in July. Denmark’s goods and services trade surplus rose to DKK 32.7 billion after seasonally adjusted adjustment…
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99 Speed Mart IPO crowns polio survivor as Malaysia’s newest billionaire
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Lee Thiam Wah’s first venture into retail was selling snacks from a roadside stall in Malaysia. Decades later, the entrepreneur has turned that humble beginning into a sprawling retail empire with more than 2,600 grocery stores across the country. Today, the 60-year-old is a billionaire after his company 99 Speed…
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MPs summon Thugge, CMA boss over NSSF bonds trade
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Parliament has summoned Central Bank of Kenya Governor Kamau Thuji and Capital Markets Authority CEO Wycliffe Shamia over suspicious bond trading between some brokers and the National Social Security Fund. The National Assembly’s Finance and National Planning Committee wants the two regulators to shed light on alleged irregularities in bond…
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Google accused of exploiting advertising dominance to overcharge publishers
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The UK Competition and Markets Authority has accused Google of abusing its dominance in the online advertising market, by overcharging publishers and stifling competition. The Competition and Markets Authority issued a statement of objections to the tech giant on Friday, following an investigation that suggested Google’s actions may be unlawful.…
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China Deflation Risk Grows as Signs of Economic Weakness Mount
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Breadcrumbs Path Links PMN Business China’s core inflation slowed to its lowest in more than three years, adding to signs that policymakers are struggling to stimulate household spending and putting further pressure on the annual growth target. Article author: Bloomberg News Bloomberg News Published on September 8, 2024 • Read…
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ForexLive Asia-Pacific FX news wrap: China’s CPI slows, PPI plunges
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Israeli from start to finish: Intel unveils Lunar Lake CPUs
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Intel Corp.’s (NASDAQ: INTC) board meeting in mid-September is fast approaching, and the CEO’s plans to solve the company’s liquidity problems continue to leak to the press and media. Last week, Bloomberg reported that Intel was considering splitting into two separate companies, one dealing with chip development and the other…
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Vietnam’s death toll from Typhoon Yagi rises to 24, govt says By Reuters
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HANOI (Reuters) – Typhoon Yagi and its resulting landslides and floods killed at least 24 people and injured 299 in northern Vietnam over the weekend, the government said, as authorities warned on Monday of more flooding. The typhoon, the strongest storm to hit Asia this year, made landfall on the…
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Stocks Drop as Jobs Data Adds to Case for Fed Cuts: Markets Wrap
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(Bloomberg) — Asian stocks fell Monday after U.S. jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Most Read from Bloomberg Stocks in Australia, Japan and South Korea posted losses in early trade, while U.S. futures were little changed. The dollar…
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Norfolk Southern board probing CEO over alleged workplace relationship: CNBC (NYSE:NSC)
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Norfolk Southern (NYSE:NSCApple Inc.’s board of directors is looking into allegations that CEO Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported Sunday, citing three people familiar with the matter. According to a reportThe investigation is in its early stages, and It is likely that no misconduct…
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Kamala Harris shares bizarre cooking secret on campaign trail
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One of the biggest challenges facing the Democratic presidential candidate Kamala Harris In the final phase of the campaign, she presents herself to voters before her Republican rival, Donald Trumpshe has a chance to define herself. Until her surprise election to the Democratic ticket this summer, Harris was still a…
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The untold story of Kenya’s fake, substandard cement
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A leaked report has shown that three out of every five cement products samples collected by the Kenya Bureau of Standards (KBS) in a market monitoring exercise failed the standard test. The report indicates that only 38.1 percent of the cement tested in February 2022 met the required standards, including…