Category: News
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Gulf of Mexico oil drilling faces threat from court ruling on endangered species
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Pera1 U.S. regulators are seeking to rewrite guidelines on how to protect endangered species in the Gulf of Mexico before a December deadline, which could lead to Threat to oil and gas production In an area that supplies 2 million barrels of oil per day, or about 15% of U.S.…
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Overtourism: Greece to target short-term rentals and levy port fees
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Greek Prime Minister Kyriakos Mitsotakis has announced measures aimed at addressing the negative impact of overtourism as visitors continue to arrive in record numbers in the post-pandemic era. The government is “very concerned” about the influx of cruise ship passengers during certain months of the year and will start imposing…
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Adani to absorb staff, offer new job terms two years after JKIA takeover
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All Kenya Airports Authority staff will continue to work on their current terms if India’s Adani Airports Holdings wins its bid to run Kenya’s largest airport for 30 years, signalling a softer stance after a workers’ standoff. The revised master concession terms offered by Adani to Kenya Airways, under which…
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Onlyfans’ Ukrainian-born owner Radvinsky reaps £1bn from adult content platform
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OnlyFans, a subscription-based site known for its adult content, has paid out £1bn to its Ukrainian-born owner, Leonid Radvinsky, since he took over the company six years ago. The British platform’s parent company, Phoenix International, announced a record dividend of $472 million (£358 million) last year, contributing to the large…
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ECB Is Poised to Cut Rates Again in Warm-Up Act for the Fed
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Breadcrumbs Path Links PMN Business The European Central Bank is likely to cut interest rates on Thursday in preparation for the US move the following week, with the global monetary cycle tilting towards more synchronised easing. Article author: Bloomberg News Craig Sterling and Vince Gull Published on September 07, 2024…
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Shekel sharply weaker in wake of Wall Street falls
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The shekel is falling sharply today against the US dollar and the euro. In interbank trading late in the afternoon, the shekel rose against the dollar by 1.26% to NIS 3.717/USD, and the shekel rose against the euro by 1.35% to NIS 4.107/EUR. Yesterday, the Bank of Israel set the…
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Three Lebanese medics killed by Israeli strike, Hezbollah retaliates By Reuters
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CAIRO (Reuters) – Three Lebanese paramedics were killed and two others wounded, one of them critically, in an Israeli attack while they were extinguishing fires in the southern Lebanese town of Faroun, the Lebanese Health Ministry said on Saturday. “The Israeli occupation forces targeted a Lebanese civil defense team while…
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Up 12% in 2024, You May Want to Buy This Semiconductor Stock Before It Goes on a Bull Run
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Analog Devices (NASDAQ: ADI) Not as well known in the semiconductor industry as major players like Nvidia or Taiwan SemiconductorCompanies are benefiting from the rapid adoption of AI and reporting impressive growth. That explains why the chipmaker’s shares are up just 12% so far this year, lagging the impressive gains…
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3 out of 5 companies miss revenue estimates this week – Earnings Scorecard (NASDAQ:DLTR)
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The S&P 500 (SP500) fell 4.25% during the holiday-shortened week, marking its worst weekly performance since early March 2023. Nonfarm payrolls data showed weaker-than-expected job growth in August and significant downward revisions to figures for June and July. The inflation data raised further concerns about growth and sparked debate among…
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Bank staff tap insider loans faster than ordinary borrowers
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Big bank employees took out new loans at a faster rate than managers and other borrowers in the first half of the year to June 2024, as friendly borrowing rates protected them from the highest market rates in 18 years, an analysis showed. An analysis of the financial results of…
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Falling Pump Prices Blunt Trump’s Inflation Attacks on Harris
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Breadcrumbs Path Links PMN Business Steadily falling gasoline prices are providing a boost to Vice President Kamala Harris’s campaign for the nation’s top job as Donald Trump seeks to anger consumers tired of inflation by attacking her energy record. Article author: Bloomberg News Ari Natter and Julia Vanzeres Published on…
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Publicly traded Israeli defense companies see boom in orders
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The war that broke out in Israel last year is just one arena of geopolitical conflict around the world in recent years. Before October 7, of course, there was the start of the war between Russia and Ukraine, as well as growing concerns in East Asia about China’s growing power.…
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Stellantis-owned Chrysler to recall about 1.2 million vehicles, US regulators say By Reuters
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Stellantis-owned Chrysler is recalling about 1.2 million vehicles in the United States because of a software defect in the anti-lock braking system that could increase the risk of a crash, the National Highway Traffic Safety Administration said Saturday. The regulator said the 1,227,808 vehicles being recalled by Stellantis Inc. (NYSE:STELLANTIS)…
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4 Reasons to Buy Nvidia Stock Like There’s No Tomorrow
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Nvidia (NASDAQ: NVDA) General Electric stock has been among the best performing stocks over the past five years, rising a staggering 2,430%. Given these gains, the question many investors are now asking is whether it’s too late for new investors to buy in and see above-average returns. Let’s take a…
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Boeing spacecraft, Starliner, lands on Earth (NYSE:BA)
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Always_Zeel After a disappointing test flight, Boeing announced (New York Stock Exchange: BAThe Starliner spacecraft returned to Earth shortly after midnight Saturday without the crew that carried it to the International Space Station a few months ago. The spacecraft landed at White Sands. space port NASA announced the flight will…
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Germany’s Aleph Alpha is Europe’s best hope for developing AI advancement outside Silicon Valley
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Only a handful of startups have been able to raise enough money to build and sustain powerful generative AI models. Germany’s Alev Alpha appears to be one of them. Late last year, the company announced a more than $500 million investment from the country’s industrial giants and one of its…
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Kenya to host satellite dish for world’s largest radio-powered space telescope
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Kenya will host one of eight satellite dishes that will support the launch of the Square Kilometre Observatory (SKA), which is set to be the world’s largest intergovernmental radio telescope project. The SKA project is currently under construction in Australia and South Africa and will drive technological development, particularly in…
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Labour scraps plan for ‘British Isa’ aimed at boosting UK stock investment
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The Labour government is expected to abandon plans to create a “Britain Savings Account”, a scheme initially proposed by the previous Conservative administration to encourage investment in British shares. The move comes amid concerns that the initiative could complicate the individual savings account market rather than effectively support UK stocks.…
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Just how rare is a rare-colored lobster? Scientists say answer could be under the shell
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Patrick Whittle Published on September 07, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content BEDFORD, Maine (AP) — Orange, blue, cotton candy,…