Category: News
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Tower teams with Adani on $10b Indian chip plant
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Israeli chipmaker Tower Semiconductor Co., Ltd. (NASDAQ: TSEM; level:TSEMTower and the Adani Group are planning to build a chip manufacturing plant in the Mumbai suburb of Taloja, according to a tweet from Devendra Fadnavis, deputy chief minister of the western Indian state of Maharashtra. Tower and Adani will invest $10…
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BofA raises UiPath stock target on strong Q2 results By Investing.com
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BofA Securities has revised its outlook on UiPath Inc. (NYSE: NYSE:), raising its price target to $18.00 from $16.00 previously, while maintaining a Neutral rating on the stock. This adjustment comes after UiPath released its second-quarter financial results, which showed that revenue and annual recurring revenue (ARR) exceeded expectations. UiPath’s…
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Forget the Nasdaq — Buy This Magnificent ETF Instead
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the Nasdaq Composite Index It has a long-term track record. For example, over the past decade, the index has increased in value by 566%. This return has outperformed Standard & Poor’s 500An increase of 401% in the same period. The Nasdaq’s long-term performance looks amazing until you compare it to…
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European markets fall ahead of U.S. jobs data (EUR:USD)
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da-kuk/E+ via Getty Images London (UKX) -0.40% Germany (DAX:IND) -0.73% Germany posts trade surplus of 16.8 billion euros in July France (CAC:IND) -0.44% to a three-week low on Friday. France posted a trade deficit of 5.9 billion euros in July. The Swiss consumer confidence index fell by 2.2 points to…
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Greece won’t be turning into Switzerland or Sweden any time soon as economy continues to suffer after years of recession
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Greek barista Kyriakos Giannichronis has seen headlines about his country’s newly booming economy after years of stagnation — but he doesn’t feel wealthy. The Athens resident has only about 150 euros ($170) to spare at the end of the month, despite getting a good deal on rent and earning just…
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How ministries spent 27bn on lavish travel
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Over a ten-day period until mid-December, trade ministry officials led a delegation of 63 officials to Burundi to participate in a trade agreement on micro and small enterprises, costing taxpayers Sh50.6 million. This comes less than three months after the House of Representatives directed that the size of government delegations…
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Labour’s affordable housing plan ‘needs more flexibility,’ say small developers
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Labour’s plan to require developers to build affordable housing on at least 50% of “grey belt” land could make 80% of small development sites unviable, according to research by technology firm Viability. The study suggests that reducing the requirement to 35% would significantly improve viability, making 30% of sites viable…
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Jobs report will help Federal Reserve decide how much to cut interest rates
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Christopher Rugaber Published on September 6, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — Friday’s monthly jobs report is…
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Ryanair cancels Israel flights until end of October
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Ryanair has announced that it has cancelled all flights to and from Israel until October 27, after the holiday break. The Irish low-cost airline had announced last month that it would resume flights at the end of September. The latest announcement comes as several airlines have resumed flights to Israel…
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China creates $230 billion brokerage powerhouse as consolidation gathers pace By Reuters
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HONG KONG (Reuters) – A merger of two state-backed brokerages in China to create a sector leader with $230 billion in assets is part of Beijing’s drive to consolidate the $1.7 trillion industry amid tough markets and is set to gain momentum, analysts said. Shanghai-based Guotai Juan Securities will acquire…
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Proposals to tax unrealized capital gains would ‘kill the stock market,’ billionaire investor Mark Cuban says
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Brendan Smialowski/Getty Images Mark Cuban said taxing unrealized capital gains would “kill the stock market.” President Joe Biden has proposed imposing a tax on unrealized gains for people with more than $100 million. Kamala Harris is unlikely to support Biden’s plan, Cuban said. Billionaire investor Mark Cuban said any proposal…
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Steel Dynamics files petition for duties on corrosion resistant steel imports
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Kapook2981/iStock via Getty Images Steel dynamics (NASDAQ:STLDBritish Steel said on Thursday it had applied to the U.S. Department of Commerce and the U.S. International Trade Commission to apply anti-dumping duties on imports of corrosion-resistant flat-rolled steel, claiming that increased imports were harming the domestic steel industry. The company These duties…
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Why the CrowdStrike outage hit Delta so hard
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But while rivals like United and American Airlines were able to bounce back after just a few days (United canceled nearly 1,500 flights, by comparison), Delta was still struggling. A memo Thursday from Bernstein Research sheds light on what went wrong. According to the memo, Delta canceled about 30% of…
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Hot Streams: From Afro-pop, R&B to all-time reggae beats
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While you’re browsing digital music platforms, here are five new albums across genres, from Afro-pop to reggae, R&B to country, that BDLife recommends for your listening pleasure. Charisma Music fans first heard of the singer-songwriter in 2018 as the featured vocalist of the group, Le Band, when he was still…
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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Forexlive Americas FX news wrap: US dollar weakens after softer ADP but ISM services firms
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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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Latest failure: firm bidding to produce power from Fundy tides files for bankruptcy
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Breadcrumbs Path Links BMW PMN Business Article author: Canadian Press Michael Totton Published on September 5, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. A large tidal power turbine built for Nova Scotia Power…
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Azerbaijan tax breaks tempt Israeli tech firms to relocate
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Among the incentives offered to Israeli startups that choose to move to Azerbaijan are full exemptions from corporate tax, purchase tax, property tax and profits tax for ten years, as exclusively revealed by Globes. The decision by a Shiite Muslim-majority country to take such a step during the current war,…
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AT&T makes final offer to striking CWA union By Reuters
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(Reuters) – AT&T Inc has submitted its final offer to its negotiating committee, the Communications Workers of America union said on Thursday, adding that the proposal did not meet its expectations. The Communications Workers Union said the proposal was made on Wednesday, and then made a counteroffer later in the…