Category: News
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Food inflation poised to jump above 4% as levies and wage rises weigh on retailers
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Food price inflation is expected to rise to more than 4 per cent this year, in a sharp reversal of a recent trend of slowing shop prices, the British Retail Consortium (BRC) has warned. According to forecasts by the lobby group, prices in supermarkets will rise by an average of…
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Biden’s Final Sprint Leaves Trump Stewing, Vowing Reversals
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Breadcrumb links BMN Business President Joe Biden has spent his final weeks in office looking to Trump to vindicate some of his biggest policy priorities, from environmental protections to support for Ukraine and manufacturing subsidies. The next president is not amused. Article writer: Bloomberg News Josh Wingrove Published on January…
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Levin, Sa’ar present judicial overhaul compromise
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Justice Minister Yariv Levin and Foreign Minister Gideon Saar are promoting a new plan to change the composition of the Judicial Selection Committee. Under the plan, the committee will consist of three members of the ruling coalition (ministers and Knesset members), a member of the opposition, three judges, and two…
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US 30-year fixed-rate mortgage rate hovers just under 7%
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WASHINGTON (Reuters) – U.S. mortgage interest rates rose to their highest levels in six months this week, a trend that combined with rising home prices could further squeeze potential buyers out of the market. Mortgage financing agency Freddie Mac said Thursday that the average interest rate on a 30-year fixed-rate…
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UK government debt sell-off accelerates as borrowing costs reach post-2008 peak
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Record borrowing costs in Britain rose to their highest level since the financial crisis, as investors dumped government debt amid persistent inflation fears. The yield on Britain’s 10-year government bond – closely watched as a measure of future interest payments on public borrowing – reached 4.82 per cent on Wednesday,…
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Justin Trudeau’s failed vision for Canada
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Breadcrumb Trail Links FP Comment The Liberal leader leaves office with a vague legacy and little impact either domestically or abroad Published Jan 09, 2025 • 6 minute read You can save this article by registering for free here. Or sign-in if you have an account. During Justin Trudeau’s almost…
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Elad Software Systems files for TASE IPO
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After two barren years, this week Elad Software Systems Limited It has filed a preliminary prospectus for an initial public offering on the Tel Aviv Stock Exchange (TASE) for 2025. The IT services company has made headlines twice over the past year due to malfunctions in its Chameleon medical file…
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US hiring announcements in 2024 lowest in nine years
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WASHINGTON (Reuters) – Hiring announcements made by U.S. employers last year were the lowest since 2015, a report showed on Thursday, underscoring a sharp moderation in job growth over that period. Global outsourcing firm Challenger, Gray & Christmas said companies announced 769,953 hiring plans, down 1.3% from 2023. Job advertisements…
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Emma Watson’s gin brand nets £5m as Renais plots global expansion
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Emma Watson’s premium wine venture Renais has raised nearly £5 million to accelerate its global expansion, building on its reputation for sustainable production and strong international demand. Co-founded by the Harry Potter star and her brother Alex Watson, Dorset Distilled Gin uses grapes from the Burgundy region, including a small…
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Japan’s Kaneka buys Israeli co EndoStream Medical
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The Or Akiva-based medical device company is developing the Nautilus device to treat aneurysms. Japanese company Kanika announced its acquisition of 96.8% of the shares of the Israeli medical devices company INDUSTREAM MEDICAL LIMITED (ESM). Or Akiva-based ESM, which was founded in 2015 by CEO Danel Mayer and CTO Alon…
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Bitcoin ETF Soared in 2024 as Growth Themes Dominated
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Bitcoin ETF surges 109% as growth themes dominate 2024 U.S. exchange-traded funds crossed a milestone in 2024, with assets rising 28% to $10.36 trillion, driven by higher market caps and $1.12 trillion in net inflows, according to a new report from the CFRA. The record-breaking year signals a shift in…
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Director behind 400 companies banned for nine years after ‘subverting insolvency system’
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A company director who “repeatedly subverted the insolvency system” by facilitating debt-swamping arrangements for distressed companies has been banned from running companies for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and took nearly £270,000 from Atherton, operators of a…
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USTR warns of risks from online pharmacies in its ‘notorious markets’ report
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Breadcrumb links PMN BMN Business Article writer: Associated Press Eileen Kurtenbach Published on January 9, 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Workers prepare to destroy more than 50 tons of confiscated…
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Israeli AI-chip co Element Labs aims to rival tech giants
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A new AI chip startup founded by Israeli entrepreneur and billionaire Avigdor Wellens has taken the technology industry by storm with plans to compete with international chip giants and the way it hires employees. Sources familiar with the matter told Globes that the new startup called Element Labs has adopted…
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Judge approves Tesla directors’ deal to end excess pay case
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Written by Tom Hales WILMINGTON, Del. (Reuters) – Tesla Inc (TSLA) executives, including Chairman Robin Denholm and James Murdoch, won court approval on Wednesday for a settlement worth up to $919 million that requires them to return damages to the automaker to resolve allegations that they overpaid… excess for themselves.…
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Rachel Reeves to lead Davos 2025 delegation in bid to win over foreign investors
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Rachel Reeves, the finance minister, is preparing to lead a team of ministers and advisers to the 2025 World Economic Forum in Davos, aiming to attract international backers and calm anxiety among local businesses. Reeves, who has attended Davos as a shadow advisor for the past two years, is scheduled…
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Allied Group to pay Amir Shaltiel NIS 200m for Metropolis stake
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Metropolis implements urban renewal projects in central Israel. The value of the deal is estimated at 800 million shekels. The boom in residential construction in Israel, and in urban renewal in particular, has led to an interesting departure. Amir Shaltil, founder and chairman of Eldar Group, which works in the…
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Watch These Palantir Price Levels as Stock Continues to Retreat From Record High
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Source: TradingView.com Palantir shares fell in premarket trading Wednesday after a sharp drop yesterday, as the stock continues to pull back from a record high it hit in late December. The latest selling comes after investment bank Morgan Stanley initiated coverage of the stock with an “underweight” rating and reports…
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Make tax-savvy new year’s resolutions to cut stress and save money
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Taxpayers are expected to save money and headaches in 2025 by committing to better tax practices next year, according to leading audit, tax and business consulting firm Blick Rothenberg. “Most people make personal decisions about health and lifestyle, but your financial health is just as important – and being on…
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El Al adds flights to European cities after Moscow suspension
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El Al Israel Airlines Ltd (level:Ellal) The company has added flights on high-demand routes between Tel Aviv and major European cities following last week’s decision to suspend Tel Aviv-Moscow flights for the next three months. This decision comes in the wake of a plane crash last month that killed 38…