Category: News
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Silicon Valley tech firm apologises for sexist stunt after backlash at industry event
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Palo Alto Networks, a major Silicon Valley tech company, has issued an apology after it came under fire for a controversial marketing stunt at an industry event in Las Vegas. The company faced backlash after photos emerged showing models in skimpy outfits with lampshades covering their heads, being used as…
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Shenzhen’s Futian Encourages Public Attention and Engagement in Urban Wildlife Conservation
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Article Content SHENZHEN, China, Aug. 15, 2024 (GLOBE NEWSWIRE) — A giant and gentle Bryde’s whale encounters a huge ship in coastal waters; Chinese herons and common egrets extend the natural life cycle in a lotus pond in a park; fish swim freely while seagulls fly side by side with…
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Mortgage taking tops NIS 9b for first time since 2022
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In the first seven months of 2024, mortgage loans worth NIS 45 billion were taken out, 4% more than in the corresponding period of 2023, despite a 40% decrease compared to the first seven months of 2022. Israel’s mortgage market saw a significant increase last month, with homebuyers taking out…
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Ukraine downs all 29 Russia-launched drones during overnight attack, air force says By Reuters
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KIEV (Reuters) – Ukraine’s air force said on Thursday it had shot down 29 Russian-launched drones over eight Ukrainian regions during an overnight attack that officials said caused only minor damage. The Russian Air Force said in a statement that Russia also fired three Kh-59 guided missiles during the attack.…
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The Fed will only cut rates once this year because the US economy is too strong, market vet says
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U.S. Federal Reserve Chairman Jerome Powell speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the semiannual monetary policy report to Congress at the U.S. Capitol on July 9, 2024 in Washington, D.C. Powell was quoted as saying in previous remarks, “We want to be more confident…
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XPO has restarted sale of European transportation business – Bloomberg
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John Tetzlaff/iStock Editorial via Getty Images XPO Company (New York:XPO) has renewed the sale of its European transportation business nearly two years after cancelling a plan to sell the operations. The logistics company is working with consultants to attract potential interest in the business, according to Bloomberg Report Late Wednesday,…
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Starbucks welcomes new CEO Brian Niccol with a $113 million payday—and he can work remotely
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Starbucks It was announced On Wednesday it will be shown New CEO Brian Nicole, approximately 50 years old $113 million total compensation Including a $10 million signing bonus, a $75 million stock award, and, beginning in fiscal 2025, a potential $23 million per year award. This is in addition to…
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Fuel prices unchanged for first time since December last year
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Fuel prices remained steady for the first time this year, ending months of consecutive price cuts that consumers have enjoyed since December last year. The Energy and Petroleum Regulatory Authority (EPRA) has kept the pump prices of a litre of petrol and diesel unchanged at Sh188.84 and Sh171.60 respectively in…
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Directors increasingly involved in operations as trust in executive teams wanes
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The previously clear boundaries between non-executive directors and senior management have become increasingly blurred, with a significant number of business leaders reporting a lack of full confidence in their executive teams to manage operations effectively. More than a fifth of managers surveyed, including those from FTSE 350 companies, expressed concerns…
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High Arctic Overseas Announces TSXV Final Approval and Listing Date
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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 14, 2024 •…
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Passengers shun Tel Aviv light rail
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The Tel Aviv Light Rail Red Line opened exactly one year ago, promising to transform transportation, employment, real estate and the entire economy of the greater Tel Aviv area. Yet commuters remain skeptical, trains are slow and urban transport is weak. But in commerce and employment, we are seeing the…
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Beyond Inc director sells $97,352 in company stock By Investing.com
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According to a recent filing with the Securities and Exchange Commission, William Benjamin Nettles Jr., a director of Beyond Inc. (NASDAQ:BYON), sold a total of 10,412 shares of the company’s common stock. The transactions, which took place on August 14, 2024, had a total sale value of $97,352, with the…
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Michael Burry Raises Alibaba Stake, Cuts Stock Portfolio in Half
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(Bloomberg) — Michael Burry, the hedge fund manager famous for his 2008 bet against the U.S. housing market and subsequent portrayal in the book and movie “The Big Short,” increased his stake in Alibaba Group Holding Ltd. while halving his overall stock portfolio in the second quarter. Most Read from…
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Housing market outlook: A market revival isn’t coming soon
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Low mortgage rates should improve our situation. Housing statusIn theory, that might be true. But where mortgage rates are now, and where they are expected to be in the next year or so, isn’t enough to make that happen, according to Capital Economics. Concern about a possible recession and Slow…
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Strategies businesses need to navigate geopolitical tensions
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In an increasingly interconnected world, global trade serves as the lifeblood of the international economy. However, the current geopolitical landscape poses significant challenges, with rising tensions between major powers threatening to disrupt established trade routes, supply chains, and economic stability. From the ongoing trade disputes between the United States and…
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Taylor Swift ticket prices plummet by 90% in last-minute resale market, patience proves key
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The second-hand ticket market for Taylor Swift’s upcoming Wembley Stadium concert has seen huge price drops, with some tickets dropping by more than 90% from their initial resale prices. Fans who held their nerve and waited until the last minute found themselves in an excellent position to get cheaper tickets.…
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Blue Diamond Resorts Celebrates With End of the Summer Sale
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Article Content SAINT MICHAEL, Barbados, Aug. 14, 2024 (GLOBE NEWSWIRE) — Blue Diamond Resorts, a diversified and comprehensive portfolio of all-inclusive brands in the Caribbean, is turning up the heat and celebrating the end of summer with its latest travel outlet, the “End of Summer Sale.” This exciting promotion offers…
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Elbit CEO: Some investors bowed to political pressure
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Demand for defense technology products Elbit Systems Ltd. (NASDAQ: ESLT; level:ESLTThis can be seen in the order backlog, revenue and profit growth. Elbit ended the second quarter of 2024 with an order backlog of $21.1 billion, up 31% from the same quarter in 2023. Revenue in the second quarter was…
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Clear Secure stock soars to 52-week high of $26.98 By Investing.com
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Clear Secure, Inc. (YOU) has reached a new 52-week high, with its stock price rising to $26.98. This milestone reflects a significant upward trend in the company’s market performance, marking a noteworthy achievement for the identity security company. Over the past year, Clear Secure has seen an impressive 20.55% increase…