Category: News
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Nvidia blows past expectations with record Q2 earnings but shares fall
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Smart chipmaker Nvidia easily beat Wall Street’s bullish financial targets in the second quarter, forecast strong sales in the current quarter and said customers will start receiving shipments of its next-generation Blackwell chip in the fourth quarter. But with Nvidia’s earnings forecast strong, the company’s shares fell about 6% in…
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Women-owned firms dominate Jumia listings in Kenya
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More than half of businesses registered on e-commerce platform Jumia in Kenya are owned by female entrepreneurs, a new report has found, highlighting the pivotal role e-commerce plays in boosting their participation in business. The latest report on the digital economy published by the United Nations Conference on Trade and…
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Are financial advisers in demand?
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The job market is changing faster than ever before. New technologies like artificial intelligence and automation threaten to reshape the world of work as we know it. Many people, from truck drivers to accountants, don’t know if their jobs will still be around in a decade, let alone what their…
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ICL signs $170m Chinese fertilizer deal
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The agreement with AMP Holdings aims to provide water-soluble specialty fertilizers, used in drip irrigation and designed for cash crops. Israeli specialized metals company ICL (level: ICL:New York Stock Exchange: ICLIsrael Chemicals (formerly Israel Chemicals) today announced the signing of a five-year agreement with Chinese distributor AMP Holdings Group. The…
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Body of Israeli soldier abducted on Oct 7 recovered, military says By Reuters
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JERUSALEM (Reuters) – The body of a soldier abducted by militants from Gaza on Oct. 7 has been rescued and brought to Israel, the Israeli military said on Wednesday. The army said the rescue operation took place overnight, and that his name would not be published at the request of…
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1 Semiconductor Stock That Will Catch Up to Nvidia Within 10 Years
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Semiconductor stocks have captured Wall Street’s attention since the start of 2023. Advances in the chip market have allowed dozens of other industries to take their technologies to the next level. Sectors like artificial intelligence, cloud computing, virtual/augmented reality, consumer technology, self-driving cars, and more have all benefited from new…
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1 Semiconductor Stock That Will Catch Up to Nvidia Within 10 Years
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Semiconductor stocks have captured Wall Street’s attention since the start of 2023. Advances in the chip market have allowed dozens of other industries to take their technologies to the next level. Sectors like artificial intelligence, cloud computing, virtual/augmented reality, consumer technology, self-driving cars, and more have all benefited from new…
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Nvidia shares could see $300B swing following Q2 earnings report: UBS
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Justin Sullivan Nvidia stock (NASDAQ: NVDAApple Inc.’s stock could swing around 10% after the chipmaker reports second-quarter results, UBS said Wednesday, as investors prepare to see if the company can beat expectations for second-quarter earnings and revenue. Current Options Prices showed that traders were expecting a move after the report…
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Who is the original Oasis drummer? Band quizzes fans ahead of reunion
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Oasis is back. The band’s warring brothers, Liam and Noel Gallagher, have patched up their differences nearly 15 years after a backstage brawl led to the end of one of the most popular bands of the 1990s. In what is set to be the biggest music event of 2025, Oasis…
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Safaricom pays Sh26bn final dividend early
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Safaricom has commenced its final dividend payment of Sh0.65 per share five days ahead of the payment date on August 31, continuing its practice of making early payments of its dividends to shareholders. Individual investors started receiving their payments through the M-Pesa mobile platform earlier this week, with the company…
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A Strategic Imperative for Small Businesses
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Small businesses across the UK are increasingly recognising the value of supporting women’s health in their workplaces. Adopting this initiative leads to many benefits, including increased productivity and performance, reduced absenteeism, enhanced employee satisfaction and engagement, attracted and retained a talented workforce, fostered a diverse and inclusive environment, and enhanced…
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Israeli strike kills four fighters on Syria-Lebanon border, security sources say By Reuters
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BEIRUT (Reuters) – An Israeli drone strike on a car crossing a Syrian checkpoint near the border with Lebanon on Wednesday killed three Palestinian fighters and one member of the Lebanese militant group Hezbollah, two security sources told Reuters. The sources said the vehicle was not carrying weapons. There was…
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Israeli strike kills four fighters on Syria-Lebanon border, security sources say By Reuters
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BEIRUT (Reuters) – An Israeli drone strike on a car crossing a Syrian checkpoint near the border with Lebanon on Wednesday killed three Palestinian fighters and one member of the Lebanese militant group Hezbollah, two security sources told Reuters. The sources said the vehicle was not carrying weapons. There was…
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Nvidia Countdown Keeps Stocks in Narrow Ranges: Markets Wrap
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(Bloomberg) — Markets are eagerly awaiting Nvidia Corp.’s results, with U.S. stock futures little changed and shares trading in tight ranges from Asia to Europe. Most Read from Bloomberg The world’s most influential stock is expected to set the tone for risk assets when it reports results after the U.S.…
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Warren Buffett’s Berkshire Hathaway may soon join the $1T club
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Alex Wong Warren Buffett’s Berkshire Hathaway Inc.New York: BRK.B) (New York: BRK.A) is slowly heading toward joining the trillion-dollar club, with its market cap hitting nearly $993 billion on Tuesday. Berkshire (BRK.B) shares rose. By 1.7% Tuesday before the end 1.4% higher Priced at $460.63 Each has its own stock.…
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What does Pavel Durov’s arrest mean for his tech legacy?
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Pavel Durov’s journey has all the makings of a weak man turned billionaire story. The 39-year-old entrepreneur founded two tech platforms: one became Russia’s answer to Facebook, the other a competitor to WhatsApp. No wonder he’s been called Russia’s Mark Zuckerberg. His net worth is estimated at $15.5 billion, according…
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How growing influence of ESG is changing the way business is done
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The growing influence of environmental, social, and governance (ESG) criteria on investment decisions and corporate governance is reshaping the business landscape in profound ways. Environmental, social and corporate governance (ESG) considerations, once a niche concern of socially responsible investors, have become a key element driving major changes in how companies…
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job security concerns keep 71% of professionals from moving roles, finds new research
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A large majority of UK professionals are increasingly reluctant to change jobs, with 71% saying they are hesitant because of concerns about job security, according to a recent survey by global recruitment firm Robert Walters. This trend, which the company calls “the great staycation,” suggests that many workers are prioritizing…
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Forexlive Asia-pacific FX news wrap 27 Aug:JPY moves lower helped by BOJ Himino’s comments
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The early Asia-Pacific session saw the Australian dollar emerge as the strongest among the major currencies while the yen was the weakest. Basically, the Australian CPI came in slightly above expectations at 3.5% vs. 3.4%, but the good news is that it appears to be moving lower after peaking at…