Category: News
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‘We’re A Company That Wants To Be Weighed, And Over Time We Will Be’
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Global market crash prompts reflection on Jeff Bezos’ comments about dot com in 2000 after Amazon plunged 80%: “We are a company that wants to be measured, and over time we will.” worldwide Stock, commodity and cryptocurrency markets collapsed On Black Monday 2.0, investors are concerned about the ongoing sell-off.…
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Energy Transfer Q2 results on deck: What to expect (NYSE:ET)
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onurdongel/E+ via Getty Images The transfer of energy (New York Stock Exchange: ET) rose 2.79% Tuesday ahead of second-quarter earnings results due out Aug. 7, after the closing bell. On average, Wall Street expects the average company to post quarterly earnings per share of $0.28 on revenue of $21.5 billion…
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Tim Walz’s record as Minnesota governor showcases a wish list of progressive priorities
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By choosing Minnesota Gov. Tim Walz as her running mate on Tuesday, Democratic nominee Kamala Harris is turning to a Midwestern governor, a veteran and union-friendly who helped enact an ambitious Democratic agenda for his state. Walz has helped push progressive priorities including comprehensive abortion rights protections and generous aid…
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Petitioner seeks to suspend tobacco websites, blogs
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The Ministry of Health and the Tobacco Control Authority have been given 14 days to respond to a petition requesting the suspension of all websites, blogs and social media accounts of manufacturers and distributors of tobacco and related products, including shisha products, that do not display health warning labels and…
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Rachel Reeves hints at debt-to-GDP measure change to unlock £17bn for budget
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Chancellor Rachel Reeves has left the door open to amending a key measure on the UK’s debt, a move that could free up £17bn for her budget next autumn. During a trip to New York and Toronto, Reeves indicated she would clarify her fiscal rules in her first budget, amid…
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Probe Gold Advances Permitting for Novador Project
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Article Content TORONTO, Aug. 6, 2024 (GLOBE NEWSWIRE) — PROBE GOLD INC. (TSX: PRB) (OTCQB: PROBF) (“Probe” or The company”) We are pleased to announce the official submission of the “Project Notice” with Ministry of Environment, Climate Change, Wildlife and Parks (MELCCFP) at the provincial level in Quebec. This submission…
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State Bank of India Enhances Wealth Management Strategy with 2000 New Relationship Managers
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The State Bank of India (SBI), India’s largest lender, is taking significant steps to bolster its wealth management division. To better cater to the growing wealth of individuals, SBI has assigned around 2000 employees as relationship managers. This strategic move is aimed at revamping the bank’s wealth management unit, which…
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Amnon Shashua stocks up on Mobileye
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Mobileye (NASDAQ: MBLY) founder and CEO Amnon Shashua has expressed confidence in the stock after its sharp decline. According to a filing with the U.S. Securities and Exchange Commission on Monday, Shashua bought $10.4 million worth of Mobileye shares on Friday, at prices between $15.50 and $17. In all, Shashua…
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Amnon Shashua stocks up on Mobileye
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Mobileye (NASDAQ: MBLY) founder and CEO Amnon Shashua has expressed confidence in the stock after its sharp decline. According to a filing with the U.S. Securities and Exchange Commission on Monday, Shashua bought $10.4 million worth of Mobileye shares on Friday, at prices between $15.50 and $17. In all, Shashua…
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Nobel laureate Muhammad Yunus was arch foe of ousted Bangladesh PM Hasina By Reuters
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Written by Roma Paul and Sudipto Ganguly DHAKA (Reuters) – Nobel laureate Muhammad Yunus, a pioneer of the global microcredit movement who could lead Bangladesh’s new interim government, was a bitter enemy of Prime Minister Sheikh Hasina, who resigned and fled the country. Known as the “banker to the poor,”…
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Supreme Court Issues Landmark Ruling on MSME Loan Accounts
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In a significant decision, the Supreme Court has provided clarity on the classification of Micro, Small, and Medium Enterprises (MSMEs) loan accounts as Non-Performing Assets (NPAs). The court emphasized that banks must follow stringent procedures before designating an MSME loan account as an NPA, in accordance with the “Framework for…
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Stocks Rebound From Global Slump, Treasuries Fall: Markets Wrap
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(Bloomberg) — Calm returned to markets as investors looked for bargains after a selloff in global stocks on Monday that peaked after three weeks of losses of about $6.4 trillion. Bond prices also fell. Most Read from Bloomberg S&P 500 futures suggested a recovery could be on the way after…
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Bayer AG Non-GAAP EPS of €0.94, revenue of €11.14B; reaffirms FY24 outlook
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Bayer AG press release (OTCPK:BAYZF): Q2 non-GAAP EPS of €0.94. Revenue of €11.14 billion (+0.9% year-on-year). EBITDA before special items decreased to €2.1 billion (-16.5%), impacted by adverse currency movements. Free cash flow is €1.3 billion. Net operating cash flow in Q2 2024 amounted to EUR 2,410 million (Q2 2023:…
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Robinhood and Nvidia lead market plunge amid economic jitters
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U.S. stocks fell on Monday, part of a global sell-off, as investors braced for days of volatility amid growing concerns about a slowing U.S. economy and excessive gains in the technology sector. The S&P 500 fell 3%, its biggest daily drop since September 2022, and the tech-heavy Nasdaq 100 fell…
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Kenya’s private sector activity in sharpest fall in 39 months on GenZ protests
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Kenya’s private sector activity fell by the most in more than three years in July as deadly social unrest disrupted businesses. Business conditions such as output, new orders and employment in July deteriorated at the fastest rate from June since April 2021 when the world was grappling with the shocks…
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£1m boost for Cambridge spin-out behind solar panel innovation
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GraphEnergyTech, a leading producer of alternative electrodes for solar panels, has secured £1m in funding from a round led by Aramco Ventures, the investment arm of Saudi Aramco. The company has developed a new conductive graphene ink for solar panel electrodes, providing a more sustainable and cost-effective alternative to the…
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Israels top percent pays less tax in proportion to income
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The total income of the top percentage of the wealthy in Israel between 2013 and 2021 amounted to about 100 billion shekels annually, according to a study conducted by the Israel Tax Authority. The study found that the top percentage of the wealthy receive 13.2% of the total income and…
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Israels top percent pays less tax in proportion to income
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The total income of the top percentage of the wealthy in Israel between 2013 and 2021 amounted to about 100 billion shekels annually, according to a study conducted by the Israel Tax Authority. The study found that the top percentage of the wealthy receive 13.2% of the total income and…