Category: News
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Ruto’s spending on development projects sinks to new low
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Data showed that development project financing as a share of total state spending fell to single digits for the first time in more than a decade, reflecting the impact of rising debt servicing costs. Official data from the National Treasury shows that government ministries, departments and agencies spent Sh315.06 billion…
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How can SMEs make the most of LLMs?
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Businesses of all sizes have not been able to escape the incredible impact that artificial intelligence has had on the ways we conduct business in recent times. From large corporations to SMEs, organizations are becoming faster, more agile, and more powerful as we outsource administrative and repetitive tasks to our…
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Senate Democrats tee up vote on child tax credit in election-year pitch to families
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Kevin Freaking Published on August 1, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Senate Majority Leader Chuck Schumer, D-N.Y., delivers remarks…
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Shekel weakens following Haniyeh, Shukr killings
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The shekel has weakened significantly this morning, following the killing of Hezbollah commander Fuad Shukr in an Israeli airstrike in Beirut last night, and the killing of Hamas political leader Ismail Haniyeh in Tehran in the early hours of this morning, about which Israel has remained silent. The assassination of…
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Australia struggling to improve Indigenous livelihoods, government report shows By Reuters
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By Ringo Jose SYDNEY (Reuters) – Australia is struggling to improve the lives of its indigenous people with only five out of 19 measures on track to meet targets, a government report showed on Wednesday. Aboriginal and Torres Strait Islander people make up 3.6 per cent of Australia’s population of…
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How to avoid taxes on CD interest
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Certificates of deposit (CDs) are a valuable tool for diligent savers. CDs allow you to earn higher interest rates than you would with a traditional savings account, and your returns are guaranteed at a fixed rate for the life of the CD. The catch is that you can’t touch your…
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U.S. crude surges to biggest gain since October after strike kills Hamas leader in Iran
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SlavkoSereda/iStock via Getty Images U.S. crude oil futures jumped more than 4 percent on Wednesday after the assassination of Hamas political leader Ismail Haniyeh in Tehran just hours after an Israeli strike on a top Hezbollah military leader in Beirut raised fears of a possible direct conflict between Israel and…
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Petitioner in court to scuttle proposed JKIA expansion deal
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Kenya Airports Authority (KAA) and the government have been taken to court over contracts with an Indian company for a proposed $1.85 billion (Sh238 billion) concession to build a new passenger terminal and refurbish existing facilities at Jomo Kenyatta International Airport. Mr Isaac Lango Gayo wants the proposed deal for…
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Getting To Know You: Hannah Fitzsimons, CEO, Cashflows
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In this exclusive Q&A with Hannah Fitzsimmons, CEO of Cashflows, Business Matters explores what SMEs need to know about cash flow. Tell us about cash flows. Cashflows was founded in 2010 with the goal of making receiving and accepting payments as simple as possible through its comprehensive in-house services. Payments…
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Achieve sustainable growth with the SEO Advantage Bundle
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Breadcrumbs Path Links Business Basics Learn how to leverage organic search engine rankings to drive long-term success. Published on July 31, 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 Reviews and…
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Teva reports strong Q2 results, raises 2024 forecast
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Teva Pharmaceutical Industries Co., Ltd. (New York Stock Exchange: Tifa; level: Tifa) reported strong second-quarter 2024 results and revised its outlook upward again. The company reported second-quarter revenue of $4.2 billion, up 7% from the same quarter in 2023. GAAP net loss in the second quarter was $846 million ($0.75…
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Tesla was in Full Self-Driving mode when it hit and killed Seattle motorcylist, police say By Reuters
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Written by Hyunjoo Jin SAN FRANCISCO (Reuters) – A Tesla Model S was in “full self-driving” mode when it struck and killed a 28-year-old motorcyclist in the Seattle area in April, police said, making it at least the second fatal accident involving the technology that Tesla Inc. Chief Executive Elon…
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Stocks Rally as Nvidia Up 11% After Bullish Call: Markets Wrap
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(Bloomberg) — Stocks staged a strong rebound amid a rally in shares of struggling chipmakers, as the latest economic data bolstered bets that the Federal Reserve will signal an interest-rate cut in September. Most Read from Bloomberg After a selloff that put the Nasdaq 100 on the brink of a…
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The dollar tends to be higher from now until Nov. 5 during election years – BofA (DXY)
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ImagePixel/iStock via Getty Images Dollar (DixieThe price usually tends to rise between now and US election day. According to the BofA Securities Technical Advantage report, the average trend (nine out of 13 times) was up 2.5%, peaking ten days before Election Day, at 2.84%. Strategist Paul Ciana wrote that from…
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Meet Robert ‘Kelly’ Ortberg, Boeing’s next CEO
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Boeing Airbus on Wednesday announced the appointment of a long-time aerospace industry veteran as its new chief executive, who will take over a company rocked by legal, regulatory and production problems. Boeing said Robert “Kelly” Ortberg, former CEO of the company’s supplier Rockwell Collins, will succeed David Calhoun as CEO…
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Investors reap Sh14b profit in secondary market bond sales
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Bondholders made a profit of N14 billion from trading on the Nairobi Securities Exchange (NSE) secondary market in the second half of the year, benefiting from higher prices of infrastructure bonds. Investors sold bonds with a face value of Sh309.6 billion against a volume of Sh323.6 billion in the quarter,…
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How Technology Is Making Car Battery Testing Easier and Safer
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One of the critical factors that directly affects the reliability and performance of a vehicle is the battery. In the past, determining the condition of a battery required laborious procedures involving load testing and hydrometer data. Although valuable at the time, the subjective nature of these methods often led to…
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UgoWork raises $51M to further transform material handling with its advanced energy solutions
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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 July 31, 2024 •…
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Defense IT co TSG raises NIS 62m in TASE IPO
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TSG Group, which makes advanced IT systems for the defense industry, raised NIS 62 million in an initial public offering on the Tel Aviv Stock Exchange (TASE) at a valuation of NIS 462 million, post-money. TSG is equally owned by Israel Aerospace Industries and Formula Systems (TASE: FORTY) and is…