Category: News
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Private Banks to Offer UPI Credit to New Customers Using Fixed Deposits as Collateral
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Private banks are planning to target new-to-bank customers with credit on UPI using fixed deposits (FDs) as collateral. Although NPCI has not yet launched the credit-line-on-UPI service, banks are preparing their framework for the same. Lending Against Deposits Lending against deposits is a cost-effective way for banks compared to issuing…
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Japan’s shares plunge more than 10% extending sell-offs; July services PMI revised downwar
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ronniechua/iStock via Getty Images The Nikkei 225 index fell more than 10% to around 31,135 while the broader Topix lost 6.5% to 2,370 early Monday, with both indexes hitting seven-month lows on concerns about rising interest rates in Japan and also under pressure from safe-haven buying. Amid global stock sell-offs…
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Why has the world’s happiest country just plummeted in expat rankings?
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Finland has been named the happiest country in the world for seven years in a row thanks to its strong social welfare system and policies such as generous parental leave. But one of the most comprehensive is Annual Expat Surveys The country has just seen its ranking drop to 51st…
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Putting employee wellness at the heart of businesses key to success
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Human resources has evolved dramatically, shifting the focus from transactional tasks such as payroll and benefits administration to a more human-centered approach. Organizations are now realizing the importance of employee well-being, diversity and inclusion as employees think more about the emotion of work than the results. In today’s workplace, employees…
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Guild Esports, backed by David Beckham, faces financial crisis after burning through £26.6M
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Guild Esports, a gaming group backed by David Beckham, is on the verge of collapse less than four years after its high-profile listing on the London Stock Exchange. The company, which competes in video game tournaments on titles such as Fortnite and Tekken, has warned shareholders of its dire financial…
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Global Stock Rout Intensifies, Powering Bond Rally: Markets Wrap
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Breadcrumbs Path Links PMN Business Global stocks deepened on Monday as concerns grew that the Federal Reserve would delay its policy support for the slowing U.S. economy, prompting investors to seek safety in bonds. Japanese shares fell for a third straight day as traders priced in more domestic interest rate…
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Norges Bank halves Mobileye stake
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Norway’s central bank Norges Bank has sold more than half of its 10.7% stake in Israeli Advanced Driving Assistance Systems (ADAS) company Mobily International Company (NASDAQ: MBLY), according to the company’s latest holdings report filed with the U.S. Securities and Exchange Commission (SEC). At the end of July, Norges Bank…
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Stocks shaken by US recession fears, bonds price for rate cuts By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asia’s main stock indexes fell on Monday as growing fears that the United States could be headed for recession sparked a mass risk aversion and expectations that interest rates will have to be cut sharply and quickly to support growth. Investors picked up where…
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3 Reasons AT&T Stock Can Soar Higher This Year
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AT&T (NYSE: T) It is considered a good dividend stock due to its high yield. At 5.9%, it is more than four times Standard & Poor’s 500 Average return 1.4%. For income investors, this could be an ideal long-term investment. But there’s another reason to invest in AT&T: its potential…
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Why did Warren Buffett dump Apple stock?
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Some might interpret Berkshire Hathaway’s decision to sell its stake in Apple as a lack of conviction in the iPhone maker’s growth story. But many on Wall Street are urging investors to look beyond the news and stay calm. Warren Buffett’s group disclosed Saturday that it sold nearly half its…
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Visitor arrivals in Kenya hit a 10-year high on free visa deal
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The number of visitors arriving through the country’s two main airports in the first three months of the year reached its highest level in at least a decade, coinciding with the visa-free policy that came into effect at the beginning of 2024. Official data showed that 409,164 visitors arrived in…
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Hunt refutes Labour’s claims of fiscal ‘black hole’
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Recently sacked UK Chancellor of the Exchequer Jeremy Hunt has dismissed Rachel Reeves’ claims of a £22bn fiscal gap as baseless. Despite stepping down from his post at 11 Downing Street just a month ago, Hunt appears relaxed and in good spirits as he addresses the allegations. in Interview with…
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Israel Braces for Attack by Iran as US Urges Gaza Cease-Fire
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Breadcrumbs Path Links PMN Business Israel braced for a possible attack by Iran and regional militias in response to the assassinations of Hezbollah and Hamas officials, as the United States sent defensive reinforcements as it pressed for a ceasefire in Gaza. Article author: Bloomberg News Ethan Brunner and Dean Williams…
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Average wage in Israel jumped in June
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In June 2024, the average wage in Israel was NIS 13,865, an increase of 4.7% in real terms from NIS 12,836 in June 2023, according to the Central Bureau of Statistics. The inflation rate was 2.9% during the same period. The May 2024 estimate shows that the average wage increased…
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At least 73 killed as clashes rock Bangladesh, curfew imposed By Reuters
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Written by Roma Paul DHAKA (Reuters) – At least 73 people were killed and hundreds wounded in clashes in Bangladesh on Sunday as police fired tear gas and rubber bullets to disperse tens of thousands of protesters demanding Prime Minister Sheikh Hasina’s resignation. The government announced a nationwide curfew starting…
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This 7%-Yielding Dividend Stock Should Be Your First Choice for Income and Upside
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Enbridge (NYSE:ENB) Shell is the largest operator of energy infrastructure in North America. The Canadian pipeline and utility company transports 30% of the oil produced in North America and 20% of the gas consumed in the United States and operates the continent’s largest gas utility. In addition, it is among…
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Boeing’s new CEO will confront key issues with plane output, cash flow: Morgan Stanley
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DM Foss BoeingNew York Stock Exchange: BAThe incoming CEO, Kelly Ortberg, will start his duties on August 8 amid a variety of challenges that the aerospace and defense giant is working to overcome. While Ortberg’s appointment as CEO removes some uncertainty for investors, important questions remain About BoeingBachelor’s) in the…
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Work-life balance is a ‘gauntlet’ for women, Sallie Krawcheck says
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The Wall Street veteran, whose distinguished career spanned nearly three decades, recently said: luck She still remembers sitting on a panel in the mid-2000s. Krawcheck, Citigroup’s chief financial officer, sat alongside top executives from other companies. fortune 500 But while her male counterparts were asked about “managing the balance sheet,”…