Category: News
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KQ seeks State’s help over Sh1.5bn blocked in Ethiopia
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Kenya Airways is seeking to release more than Sh1.5 billion frozen in Ethiopia due to foreign exchange restrictions that have seen the company struggle to repatriate profits amid a severe dollar crunch. CEO Alan Kilavuka told Daily business The governments of Ethiopia and Kenya are in talks to ease a…
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UK businesses at risk of losing billions by neglecting overseas patents
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UK companies are missing out on billions of pounds in potential revenue by not filing international patent applications as aggressively as their rivals in other countries, industry experts have warned. A report by the Chartered Institute of Patent Attorneys (CIPA) reveals that UK companies are registering patents in key markets…
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Canada to Hit China With Tariffs on Electric Vehicles, Steel
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Breadcrumbs Path Links PMN Business Canada plans to impose new tariffs on Chinese-made electric cars, aluminum and steel, in a move to back its Western allies and protect domestic manufacturers. Article author: Bloomberg News Brian Platt Published on August 26, 2024 • Read for 3 minutes You can save this…
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Forexlive European FX news wrap 26 Aug – Libya halts oil production and exports
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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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Shekel opens week with strong gains
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With inflation rates rising in Israel, the Bank of Israel’s Monetary Committee is not expected to cut interest rates on Wednesday. The shekel exchange rate rose sharply today against the US dollar and the euro. In late morning interbank trading, the shekel-dollar exchange rate fell by 1.25% to NIS 3.658/dollar,…
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Militant attacks in Pakistan’s Balochistan kill 39 By Reuters
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Written by Salim Ahmed and Saud Mahsud QUETTA, Pakistan (Reuters) – Separatist militants attacked police stations, railway lines and vehicles on highways in Pakistan’s Balochistan province, killing at least 39 people, officials said on Monday, in the largest attack by ethnic insurgents in years. Militants have waged a decades-long ethnic…
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This Is What Will Finally End Nvidia’s Monster Stock Gains
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that it Nvidia‘s (NASDAQ: NVDA) Investors are in for a tough time in 2023 and 2024. At least, that’s the feeling in 2023 and 2024. The chipmaker and leading provider of AI computing infrastructure has surpassed $3 trillion in market cap, making it the third-largest company in the world. And…
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Asia-Pacific stocks mixed amid dovish Fed signals, and broadening Middle East conflict
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Chachamal Asia-Pacific stock markets were mixed on Monday, following a rally on Wall Street on Friday after US Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole suggested the Fed could start cutting interest rates in September. Markets also monitored geopolitical developments in Tensions are rising in the Middle East…
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Australia follows France with ‘right to disconnect’ law for workers
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Australia gave millions of workers the legal right to “disconnect” on Monday, allowing them to ignore unreasonable out-of-hours contact from employers, causing major industry distress. People can now “refuse to monitor, read or respond” to employers’ attempts to contact them outside of working hours – unless such refusal is deemed…
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Audit queries Sh1.3bn not traced to City Hall workers pay account
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The Auditor General has revealed that over Sh1.3 billion from Nairobi County meant for the payment of workers’ salaries cannot be returned to the country’s payroll account. In the audit for the year ended June 2023, Ms Nancy Gathongo noted that the reported staff wages were not reflected in the…
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Waracle secures three-year digital transformation partnership with SP Energy Networks
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Scottish technology services company Waracle has announced a significant new partnership with SP Energy Networks, a deal set to accelerate the electricity network operator’s digital transformation over the next three years. Under the multi-million pound contract, Waracle will design and develop a streamlined digital customer experience, to meet the growing…
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Powell’s Fed Rate Cues, Reliance AGM To Bolster Indian Stocks
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Breadcrumbs Path Links PMN Business Before the trading day begins, we provide you with a summary of the major news and events that are likely to move the markets. Today we take a look at: Article author: Bloomberg News Chiranjeevi Chakraborty and Ashutosh Joshi Published on August 25, 2024 •…
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Forexlive Asia-pacific FX news wrap 25 Aug:JPY continues its move higher to start the week
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The start of the trading week was quiet as the market took a breather after the Jackson Hole summit and comments from Federal Reserve chiefs that reinforced the US interest rate cut in September. The market has priced in about a 35% chance of a 50 basis point rate hike,…
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New tax benefit eases home purchase for immigrants to Israel
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As of August 15, 2024, new immigrants will be eligible for a significant tax break when purchasing a home in Israel, following an amendment to the purchase tax regulations. The arrangement designed to help new immigrants in the past was not ideal. The old regulation (Regulation 12) stipulated that any…
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3 Unstoppable Dividend Stocks to Buy Right Now
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Which income investors want to buy stocks whose earnings are likely to decline and whose business is questionable? No one. Instead, income investors want dividend stocks that are virtually unstoppable. Three Motley Fool contributors believe they have identified Healthcare Stocks That fits the bill. That’s why they chose it. Abbott…
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M&A activity remains subdued in Q2 2024, keeping lid on investment bank fees (NYSE:MS)
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Frank Reporter Global mergers and acquisitions activity remained weak in the second quarter of 2024, S&P Global Market Intelligence said in a recent report. This comes as the Federal Reserve has kept interest rates high in its bid to reduce inflation, making financing deals more expensive. The number of announced…
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Ukraine’s Kursk incursion is part of broader effort for ‘fair peace’
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Ukrainian President Volodymyr Zelensky said Ukraine’s operation in Russia’s Kursk region is part of a broader military, political and diplomatic effort aimed at getting Russia to accept a “just peace.” “Everything we are doing is aimed at forcing Russia to prepare for a just peace,” Zelensky told Indian journalists in…
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I earn Sh131,000 net. How can I pay off a Sh2m loan quickly and build rentals?
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My name is Susan. I am single, in my mid 30s and have no children. I earn Sh131,000 after statutory deductions. However, after other deductions, I am left with about Sh25,000. I took a bank loan of Sh2 million with a repayment period of about three years. About Sh65,000 was…
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How AI integration in IOS 18 will change your iPhone experience
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Apple is moving closer to transforming the way you use your iPhone by introducing “Apple Intelligence,” a suite of AI-powered features set to debut in iOS 18. At the forefront of this development is the updated Siri, now enhanced through a partnership with OpenAI, the company behind ChatGPT. This new…