Category: News
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Shikun & Binui selling Nigeria operations for $100m
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The Israeli infrastructure and construction company suffered huge losses in Nigeria due to the sharp devaluation of the Nigerian naira last year. Israeli construction company Shikon and Benoy SKPN (TASE: SKBN) has pulled out of Nigeria after suffering heavy losses due to the sharp depreciation of the naira against the…
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Investors react to shooting at Trump election rally By Reuters
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(Reuters) – U.S. President Donald Trump was shot in the ear during a campaign rally in Pennsylvania on Saturday in what authorities said was being treated as an assassination attempt. Trump’s campaign later said he was in “good condition” and appeared to have suffered no serious injuries other than a…
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Goldman challenges Fed’s demand it hold more capital after stress test, FT reports
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Goldman Sachs has appealed to the U.S. Federal Reserve over its results in the latest “stress test” conducted by the Fed, which is set to force the bank to hold more capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Federal Reserve’s annual stress test…
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AI plays role as tech layoffs surpass 100,000 in 2024
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wildpixel/iStock via Getty Images The rise of artificial intelligence has become a recurring theme behind recent layoffs in the tech industry. Job cuts in the sector have exceeded 100,000 so far this year, to 106,630 as of July 12, according to the tracker. Layoffs.fyi. more Recently Mass layoffs In the…
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The Lion King: Banda School adapts classical Hollywood animation into an ‘almost perfect’ musical
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Almost everyone knows the story of The Lion King. They have either seen it live on Broadway or the West End or in one or both of Disney’s film versions of this amazing production, which is rumored to be inspired by the Kenyan countryside as well as our own animals…
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New report highlights the importance of recognition in workforces
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Boostworks, a leading provider of employee reward, recognition, benefits and wellness solutions, has released the findings of its latest research paper: The Heart of Workplace Engagement. It is important to note that the study revealed that 70% of employees stress the importance of appreciation, but less than half of them…
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Saudi Arabia Crown Prince’s Transformation Stress-tests Economy and Stretches Petrowealth
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Breadcrumbs Path Links PMN Business Saudi Arabia faces the most critical moment yet in the process of reinventing its economy. Article author: Bloomberg News Abeer Abu Omar Published on July 14, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in…
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Shlomo Dovrat: Israel’s technological standing is at risk
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“Israel entered the crisis of judicial reform and the war in a good position, but its economic standing and the position of the engine of the economy, the Israeli technology sector, are at risk,” Shlomo Dovrat, co-founder of the investment firm Viola Group and head of the Aaron Institute for…
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World leaders condemn shooting at Trump rally, denounce political violence By Reuters
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By Kanishka Singh WASHINGTON (Reuters) – Various world leaders on Saturday condemned the shooting at a Donald Trump rally in Pennsylvania in which the former president was shot in the right ear and a rally attendee and the shooter were killed. Leaders from several countries expressed shock at the incident,…
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Haven Rush, ‘Trump Trades’ on Investor Minds After Shooting
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(Bloomberg) — Traders will initially rush to safe-haven assets and reassess trades most closely tied to former President Donald Trump’s candidacy after he was shot at a rally, market watchers said. Most Read from Bloomberg “There is no doubt some protectionist or safe haven flows into Asia early this morning,”…
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Cryptocurrencies rise after report of Trump shooting (Cryptocurrency:TRUMP-USD)
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N Rotteveel/iStock Editorial via Getty Images Cryptocurrency prices surged Saturday evening, moments after former President Trump was shot while speaking at a campaign rally in western Pennsylvania. Bitcoin (BTC-USD) briefly dipped to around $58,448 at 6:15 p.m. ET before rallying 2.4% to $59,909 over the next few days. hours. Solana…
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Trump confirms bullet hit his ear as shooting is being investigated as assassination attempt
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Donald Trump The former president appeared to be the target of an assassination attempt while speaking at a rally in Pennsylvania on Saturday, two law enforcement officials said. Secret Service agents quickly pulled him away from his bloodied ear from what he said was a gunshot wound, and his campaign…
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Willys Mac’Olale sheds light on AfCFTA impact on free movement of labour
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In May 2018, Kenya ratified the African Continental Free Trade Area, becoming one of the first countries on the continent to adopt the agreement that aims to remove trade barriers and encourage investment. With the free flow of trade and investment, there will inevitably be labour mobility as companies seek…
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Black British Business Awards announce 2024 finalists
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The finalists for the 2024 Black British Business Awards have been announced ahead of the ceremony in October. The BBBAwards return for an eleventh year to celebrate the outstanding achievements of black professionals and business people in the UK. Winners across six industry categories will be revealed at a ceremony…
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ECB Poised for Holiday May Prime Markets for September
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Breadcrumb Trail Links PMN Business European Central Bank officials may be about to prime investors for another interest-rate cut, though only after one of the Governing Council’s longest-ever summer breaks between decisions. Author of the article: Bloomberg News Craig Stirling and Marilen Martin Published Jul 13, 2024 • 7 minute…
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Gov’t cuts programs to promote inclusivity in Israel’s tech industry
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As the war continues and the budget deficit widens, hundreds of cuts to Israel’s state budget include programs to increase employment opportunities for Arab, Druze and Haredi communities in the technology industry. The programs reduced by the Ministry of Economy and Industry include subsidizing the wages of Haredi, Arab and…
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Fitness guru Richard Simmons dead at 76, media reports say By Reuters
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By Rich Mackay (Reuters) – Fitness guru Richard Simmons has died at the age of 76, multiple media outlets, including ABC News and TMZ, reported. His housekeeper reportedly found him unconscious on Saturday morning and the Los Angeles Police Department was called. TMZ reported that police are treating the incident…
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The Stock Market Is Doing Something Unseen Since the Year 2000. History Says This Happens Next.
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the Standard & Poor’s 500 It has set new record highs after new highs in 2024, but not all stocks are participating in the current period. bull market. Over the past few years, big tech stocks have been the driving force behind the stock market’s surge in value. This trend…