Category: News
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PM says Ukraine needs extra $15 billion to cover 2025 budget gap By Reuters
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KIEV (Reuters) – Ukraine needs an additional $15 billion to cover its budget deficit in 2025, Prime Minister Denys Shmyhal said on Tuesday. He said Ukraine estimates the total budget deficit for next year at about $35 billion, with plans to cover $20 billion. The Ukrainian government estimates the deficit…
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PDD’s $55 billion stock crash sends warning on Chinese economy
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(Bloomberg) — One of the last remaining bright spots in Chinese consumption is fading fast, as the country’s economic malaise saps demand for even the most accessible goods. Most Read from Bloomberg In the latest warning to global markets about the health of China’s economy, Temu owner PDD Holdings (PDD)…
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Elon Musk supports California’s AI safety bill (NASDAQ:TSLA)
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Abu Gomez Tesla (NASDAQ: TeslaElon Musk, CEO and owner of artificial intelligence company xAI, expressed his support for California’s controversial AI safety bill in a social media post on Monday. “This is a difficult decision and it will make some people upset, but considering everything, I think I will make…
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China EV maker Xpeng considers Europe factory in areas with ‘low labor risks’
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Xpeng Inc. is looking for a manufacturing site in Europe, making it the latest Chinese electric vehicle maker to seek to mitigate the impact of import tariffs by building its vehicles in the region. Volkswagen AG’s Chinese partner is in the early stages of selecting a site in the European…
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BGF leads £17.3m investment in Sunswap to accelerate decarbonisation in cold chain logistics
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Sunswap, a leading UK cleantech company focused on decarbonising logistics cold chains, has secured £17.3m in a funding round led by investment firm BGF. This investment will accelerate the roll-out of Sunswap’s innovative zero-emissions refrigeration technology across the UK and Europe, marking a significant step forward in efforts to reduce…
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Bitget Launches P2P Security Layer ‘Shield’ to Ensure Safety and Mitigate Users’ Losses
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Article Content VICTORIA, Seychelles, August 26, 2024 (GLOBE NEWSWIRE) — PetgettThe world’s leading cryptocurrency exchange has announced the launch of its P2P Shield security layer, which increases security within P2P trading. This new layer aims to ensure user trust and the reliability of the platform from fraudulent activities that can…
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Tshuva’s Elad Group buys Manhattan building for $72m
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Yitzhak Tshuva plans to convert a midtown Manhattan office building into apartments. Privately held US real estate firm Elad Group has bought an office building that houses co-working space WeWork, which is in bankruptcy proceedings, according to reports in New York. Elad Group paid $72 million for the building, The…
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Edgar Bronfman drops Paramount bid, clearing path for Skydance deal By Reuters
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By Dawn Chmielowski and Anirban Sen (Reuters) – Media mogul Edgar Bronfman Jr. on Monday dropped out of the race to buy Paramount Global, paving the way for Skydance Media to take control of Shari Redstone’s media empire. In a statement, Bronfman said his bidding group informed Paramount’s special committee…
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Fed Cuts May Send $1 Trillion FX ‘Avalanche’ to China, Jen Says
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(Bloomberg) — Chinese companies may be tempted to sell a $1 trillion pile of dollar-denominated assets as the U.S. cuts interest rates, a move that could boost the yuan by as much as 10%, according to Stephen Jin. Most Read from Bloomberg The currency is now the biggest risk that…
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Luca Maestri to step down as Apple CFO after a decade of huge growth at the iPhone giant
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Apple’s longtime CFO Luca Maestri will step down at the end of the year, handing the role to his senior vice president Kevan Barrick after more than a decade. Parikh, 52, will take over as CFO on Jan. 1, in what Apple called a “planned succession.” The company said Monday…
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Motorists overpay Sh16bn in fuel deal with Gulf firms
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Motorists have been overcharged by an estimated Sh16.4 billion or Sh2.70 per litre of fuel since Kenya opted for government-to-government oil supply contracts with three Gulf-based companies, boosting the profits of three local companies at the expense of consumers. Kenya entered into the deal with Saudi Aramco, Abu Dhabi National…
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Major corporations return to CBI as lobby group rebuilds after misconduct scandal
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The Confederation of British Industry, which faced a mass exodus of members and severe financial difficulties after the allegations emerged in April 2023, has taken major steps to restore its standing. The group has cut a third of its staff, closed its international offices and overhauled its management structure. These…
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Forexlive Americas FX news wrap: US dollar rebounds, Daly highlights Fed put
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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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Vanguard Announces Cash Distributions for the Vanguard ETFs
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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 August 26, 2024 •…
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Foreign airlines resume Tel Aviv flights after pre-emptive strike
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It was business as usual at Ben Gurion Airport today, with 60,900 passengers expected to pass through on 353 international flights arriving and departing. Yesterday, more than 50,000 passengers passed through the airport, despite Israeli airspace being closed for several hours in the morning due to the Israel Defense Forces’…
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Captain of sunken Lynch family yacht put under investigation By Reuters
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ROME (Reuters) – Italian prosecutors have placed under investigation the captain of a luxury yacht that sank off Sicily last week in a storm, killing British technology mogul Mike Lynch and six other people, a judicial source said on Monday. The source said that James Cutfield, a 51-year-old New Zealand…
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S&P 500, Nasdaq slump as Nvidia struggles ahead of earnings
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U.S. stocks were mixed in choppy trading on Monday, with technology leading the declines as investors assessed the imminent arrival of interest rate cuts and prepared for a busy week dominated by Nvidia’s (NVDA) earnings report. The Dow Jones Industrial Average (^DJI) briefly hit fresh intraday highs before paring gains…
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Analysts defend e.l.f. Beauty amid volatile trading (NYSE:ELF)
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FabrikaCr/iStock via Getty Images Volatile trading continued after earnings on elf Beauty (New York Stock Exchange: Dwarf) As well as shared urination. 8.7% In late morning trading, after gaining more than 18% in the previous seven sessions. Over the past six weeks, ELF stock has fallen about 12.5% after several…
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Canada’s 100% tariff on China-made EVs only hits Tesla for now
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The Canadian government imposes a 100% tariff on imports of electric cars made in china Which complies with US tariffs. Prime Minister Justin Trudeau also announced Monday that 25% tariffs would be imposed on Chinese steel and aluminum. “Actors like China have chosen to give themselves an unfair advantage in…