Category: News
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El Al pressed into offering cheaper fares to 4 destinations
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Israeli airline CEOs El Al Israel Airlines Ltd. (level:Ilal), Israel (TASE: ISRG), and every day Today he was summoned to meet with Economy and Industry Minister Nir Barkat due to the sharp rise in airfare prices. Israir CEO Uri Sirkis was the first to meet with Barkat this morning, followed…
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Wildfires affecting 30 cities in Brazil’s Sao Paulo state, leave 2 dead By Reuters
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SAO PAULO (Reuters) – Wildfires affecting or nearing 30 Brazilian cities were raging on Friday evening, the state of Sao Paulo said, adding that two people died at an industrial plant while trying to control the flames. The government said in a statement that the cities had been affected by…
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If Warren Buffett’s Son Didn’t Sell His 90K Berkshire Hathaway Inheritance 47 Years Ago To ‘Buy Time,’ He Would Have This Much Today
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If Warren Buffett’s son hadn’t sold his $90,000 inheritance from Berkshire Hathaway 47 years ago to “buy time,” he’d have that much money today. Peter Buffettson of the legendary investor Warren BuffettHe made a life-changing decision 47 years ago when he traded his inheritance to “buy time.” And even though…
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Morgan Stanley latest to cut oil demand growth forecast on China factors (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures settled higher on Friday but fell for the week as the market digested bullish U.S. inventory data and Federal Reserve Chairman Jerome Powell delivered his speech. Strongest signal yet The central bank will cut interest rates next month. Earlier this week, oil futures…
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New Apple iPhones and wearables to be unveiled Sept. 10
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Apple Inc. is planning to hold its biggest product launch event of the year on Sept. 10, when the company will unveil its latest iPhones, Watches and AirPods, according to people familiar with the situation. While the date hasn’t been announced yet, the company is preparing for that date, which…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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Forexlive Americas FX news wrap: USD falls as Powell pleges “everything we can” for jobs
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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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British steel to cut 2,500 jobs despite £600m taxpayer-funded green initiative
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British Steel is set to close its blast furnaces in Scunthorpe by the end of the year, putting 2,500 jobs at risk. The move comes as the Chinese-owned company seeks to accelerate its transition to green steel production, despite receiving £600m in taxpayer support. The company is in talks with…
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Massive blackouts roil Cuba By Reuters
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By Nelson Acosta and Alian Fernandez CARDENAS, Cuba (Reuters) – Power outages totaling 14 hours or more a day were reported on Thursday across much of crisis-torn Cuba, leaving millions of people unprotected in the summer heat and humidity. The state-owned electricity company said the faults put six stations out…
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Cava reports juicy earnings as steak launch, sales growth pushes stock to all-time high
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CAVA is offering some tasty numbers to its investors. After the market closed on Thursday, the Mediterranean fast-food chain reported second-quarter results that beat estimates across revenue, earnings and same-store sales. Net sales rose 35.2% year over year to $233.5 million, compared with expectations of $219 million. Adjusted earnings per…
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Arshad Nadeem, Pakistan Olympic winner, rewarded with cash and buffalo
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Pakistan has a brand new champion. This year olympic games in parisPakistan’s Arshad Nadeem, 27, defeated India’s defending champion, Neeraj Chopra, in the javelin throw event. Not content with that, Nadeem set a new Olympic record, throwing the javelin a distance of 92.97 metres (305 feet), becoming the first Pakistani…
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HF profit rises 46pc on higher transaction revenue
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HF Group reported a 46.3 percent rise in net profit to Sh266.2 million in the first half of the year ended June on the back of higher revenue from transactions and lending. Profits rose from Sh181.9 million in the previous year. The bank’s profit increase was driven by improved income,…
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HF profit rises 46pc on higher transaction revenue
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HF Group reported a 46.3 percent rise in net profit to Sh266.2 million in the first half of the year ended June on the back of higher revenue from transactions and lending. Profits rose from Sh181.9 million in the previous year. The bank’s profit increase was driven by improved income,…
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Gatwick sees 7.7% passenger increase as short-haul demand surges
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Gatwick Airport has reported a significant rise in passenger numbers, with 19.9 million passengers passing through its terminals in the first half of 2024, a 7.7% increase compared to the same period last year. The UK’s second-largest airport attributes the growth to a strong recovery in short-haul travel, even as…
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Trump threatens hefty tariffs on nations that don’t accept migrants
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Breadcrumbs Path Links news economy Trump vows to complete US border wall and carry out largest deportation in country’s history Article author: Bloomberg News Eliyahu Kamisher Published on August 23, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if…
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ForexLive European FX news wrap: Dollar sluggish as markets await Powell
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Headlines: Markets: AUD advances, USD and CHF lag during the day European stocks rise; S&P 500 futures up 0.5% The yield on the 10-year US Treasury note fell 1.4 basis points to 3.848%. Gold rises 0.6% to $2,498.53 West Texas Intermediate crude rose 1.3% to $73.96. Bitcoin price rises 0.2%…
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X Financial reports solid Q2 with record net income By Investing.com
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X Financial (ticker: XYF) has announced a solid performance for the second quarter of 2024, with President Kan Li expressing pleasure over the company’s significant year-on-year growth in net income, which reached a record high despite a decline in loan volume. The company’s proactive management of loan volumes, focusing on…