Category: News
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Brazil plane crash kills all 61 aboard By Reuters
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Written by Gabriel Araujo, Andre Romani and Luana Maria Benedetto SAO PAULO (Reuters) – A regional turboprop plane crashed near Sao Paulo in Brazil on Friday, killing all 61 people on board, the airline said. The plane, which was bound for Sao Paulo’s international airport, took off from Cascavel in…
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Goldman Sachs Launches Preferred Stock ETF For High Income
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Stock market quote Goldman Sachs Asset Management Introduced a new preferred stock fund – its fifth fund for 2024. Goldman Sachs Axis U.S. Preferred Equity and Hybrid ETF (GPRF) It began trading on August 8, according to a company press release. The statement said that the GPRF Fund aims to…
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Citi upgrades Nevro to neutral following sell-off (NYSE:NVRO)
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Adam Goulet Citi has upgraded Nevro (New York Stock Exchange: NFPRO) to neutral, citing the recent sell-off in the stock following the company’s revised guidance. The investment bank noted that Nevero’s shares have fallen about 74% since the beginning of the year, adding that it believes “there is little near-term…
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Olympics track and field: Coaches explain how they train
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For Olympic fans, watch the pole vault. Mondo Duplantis Achieving his goal of winning the gold medal — and setting a world record — was one of the most exciting events of the 2024 Olympics. But that six-second moment came after countless hours of training that honed very specific traits:…
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Proposed Adani, JKIA deal risky and morally unfair to taxpayers
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In 2019, I wrote an opinion piece in Business Daily titled “Why the KQ/KAA Deal Is Unconvincing.” Kenya Airways (KQ), which was on the verge of bankruptcy, was to acquire the assets and operations of the Kenya Airports Authority (KAA) with the aim of using the authority’s cash flows to…
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Shein eyes UK warehouse as it prepares for £50bn London stock market debut
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Chinese fashion giant Shein is set to open its first warehouse in Britain as part of its preparations for a massive £50bn listing on the London Stock Exchange. The company, now headquartered in Singapore, is focusing its research on the “Golden Logistics Triangle” in the Midlands, a key region known…
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Streamline your business’ finances with automated accounting software
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Breadcrumbs Path Links Business Basics This package offers courses in Excel, Xero and more. Published on August 9, 2024 • Read for 2 minutes You can save this article by registering for free here. Or log in if you have an account. Image from StackCommerce Article Content Reviews and recommendations…
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Israel Shipyards set to deliver 2 attack vessels to Philippines
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Israel Shipyards (TASE: ISHI) will deliver two Shaldag MK5 fast attack craft to the Philippine Navy later this month or early September, MaxDefense reports. Both ships will be equipped with Rafael’s MLR-NLOS launcher and electro-optical Spike NLOS missiles, with target adjustment capabilities, autonomous propulsion, and the ability to attack disguised…
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Dollar steady on US jobs relief as yen heads for first weekly drop in six By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar hovered near a one-week high against other major currencies on Friday after the biggest drop in U.S. jobless claims in nearly a year eased fears of an impending economic slowdown. The US currency steadied against the Japanese yen after…
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Stocks wobble as Wall Street looks to end volatile week on high note
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U.S. stocks fell at the open on Friday, as Wall Street looked to end a volatile week on a positive note. The S&P 500 (^GSPC) fell 0.1%, while the Nasdaq Composite (^IXIC) fell 0.2%. The Dow Jones Industrial Average (^DJI) fell 0.2%. Markets are approaching the end of the most…
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Trump’s demand for influence over the Fed conjures comparisons to Nixon
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Donald Trump’s assertion that he has “better instincts” for setting interest rates than the Federal Reserve or its chairman does not appear to have weakened the dollar in international currency markets. Markets appear skeptical that Trump would be able to undermine the independence of the Federal Reserve if elected, believing…
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What ails Kenya’s mining sector
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Kenya’s mining sector has historically been a low-profile sector, known primarily to those working in the industry. However, recent civil unrest and growing calls from Generation Z for better governance have thrust the sector into the spotlight, exposing the vast mineral wealth beneath our feet. This new interest is not…
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Nearly half of UK small businesses unaware of new simpler recycling reforms, survey reveals
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A new study has revealed that almost half (42%) of small and medium-sized businesses across the UK are unaware of upcoming ‘simpler recycling’ reforms, which are set to significantly impact their operations. The reforms, announced by the Department for Environment, Food and Rural Affairs (Defra) in October 2023, aim to…
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Global Economic Impact of Gambling Tax Soars
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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 9, 2024 •…
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Correction or collapse? Market analysts give their views
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As global markets slump and investors wonder what to do with their portfolios, Globes asked leading figures in the capital market what they think of the situation. Rinat Ashkenazi, chief economist at Phoenix Investments, doesn’t think we’re headed for a sharp, prolonged market slide. “I’m going to be the reassurance…
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Analysis-Developers of vapes for migraine, asthma will need to win over sceptics By Reuters
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By Emma Romney LONDON (Reuters) – A group of North American companies that see potential in e-cigarette-like devices to ease migraines and respiratory conditions such as asthma face a long road to convincing health authorities and patients that their products could be the future of inhaled medicines. Two companies, Qnovia…
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Equities Rebound Loses Steam as Yen Rises Again: Markets Wrap
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(Bloomberg) — A rally in Japanese stocks lost steam after the yen resumed its rise, threatening a nascent recovery in global equity markets that’s been supported by signs of resilience in the U.S. labor market. Most Read from Bloomberg The Topix index’s gains narrowed to 0.6 percent from about 2…
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Air Transport Services reports mixed Q2 results; raises FY24 Adjusted EBITDA outlook
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2024 Predictions: Taking into account the four aircraft leases that have commenced since the end of June, ATSG expects adjusted EBITDA of approximately $526 million in 2024. ATSG expects 2024 capital spending to be $390 million, down from the $410 million estimated in May 2024 and $400 million lower than…
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Fed official says no rate cuts yet, inflation still above target
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Kansas City Federal Reserve President Jeffrey Schmid indicated he is not prepared to support cutting interest rates as inflation rises above target and the labor market remains healthy despite some slowdown. Speaking to the Kansas Bankers Association, Schmid said the recent decline in inflation was “encouraging” and that further reports…
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KPA offloads cargo from vessel grounded off Mombasa port
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The Kenya Ports Authority has begun unloading cargo from a ship that ran aground more than two months ago while sailing from the port of Mombasa to neighbouring Dar es Salaam carrying 209 containers. The Mombasa port manager said about 96 shipping containers have so far been unloaded from the…