Category: News
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Marius van der Ham: AirFrance-KLM Kenya boss privilege and small ego issue
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The love story of the dark suit and the crisp white shirt has been written ad nauseam, but I didn’t write it. I’m different. It’s not news, but because I said it, it’s new. At least that’s what I think when Marius Van der Ham, Air France-KLM’s general manager for…
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US economy adds 206,000 jobs in June as labour market shows signs of cooling
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The U.S. economy added 206,000 jobs in June, indicating a slight slowdown in the labor market, according to the latest data from the Bureau of Labor Statistics. The figure was closely in line with economists’ expectations and represented a modest decline from the revised 218,000 jobs added in May. The…
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France’s president called a surprise election. The result could diminish his power in world affairs
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Breadcrumbs Path Links PMN Business Article author: Associated Press John Lister Posted on July 06, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content PARIS (AP) — French President Emmanuel Macron — if…
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Tender for Tel Aviv congestion charge operator on horizon
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The congestion charge law was passed as part of the economic reform arrangements law accompanying the 2021 budget, and is scheduled to go into effect in 2025, although the transportation minister and finance minister have the authority to delay it until 2026. Globes has now learned that the finance ministry…
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Former ASML CEO says US-China chip fight will continue By Reuters
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AMSTERDAM (Reuters) – The recently retired chief executive of semiconductor equipment maker ASML said in an interview with Dutch broadcaster BNR on Saturday that the dispute between the United States and China over computer chips is ideological, not based on facts and is set to continue. Wennink left his post…
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3 Leading Artificial Intelligence (AI) Stocks That Can Plunge Up to 91%, According to Select Wall Street Analysts
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For the past 30 years, Wall Street and the investment community have been waiting for a game-changing innovation or technology that could rival or surpass what the Internet did for corporate America. artificial intelligence It might be a perfect fit. When I discuss artificial intelligence, I’m talking loosely about using…
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Suncor shuts Firebag oil sands site from Alberta wildfire, lifting Canadian crude prices
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RiverNorthPhotography/iStock Not published via Getty Images Canadian heavy crude prices rose for the second day After Suncor Energy Company (New York Stock Exchange: SU) said it had reduced production at its Firebag oil sands site, a day after withdrawing all essential workers as a precaution due to Forest fires are…
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Political podcasting is the hottest career right now: with MPs, journalists, and comedians netting multimillion-dollar deals and sell-out shows
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The 2024 general election was a watershed moment for political podcasting in the UK. Once a tiny sliver of the mainstream media, political podcasts are now coming of age. They’ve spurred best-selling book launches, sold-out shows, and, for the first time, broken into mainstream television, putting new media stars at…
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Nearly one million taxpayers fail to file returns, face KRA fines
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About 953,971 taxpayers failed to file their tax returns with the Kenya Revenue Authority by the June 30 deadline, exposing them to penalties from the tax authority. Official data from South Korea’s tax service shows that 8,046,029 taxpayers filed their tax returns by the end of June, against a target…
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Keir Starmer PM – is he a force for good?
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All politicians are liars. None of them can be trusted. Is that really true? I don’t think so. There is certainly room for improvement in public confidence in our political leaders. As someone who has fought to build trust in leadership over the past seven years, I understand the frustration…
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Pongamia trees grow where citrus once flourished, offering renewable energy and plant-based protein
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Breadcrumbs Path Links PMN Business Article author: Associated Press Frida Frisaro Posted on July 06, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content An ancient tree from India is now growing in…
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Israel layoffs reflect eBay’s global decline
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Until a decade ago, eBay was synonymous with online retail. Along with Amazon, it was the place to go for new and used items, some of which the platform marketed through limited-time auctions that offered discounts to those who managed to register in time. The auction format it pioneered, “bidding,”…
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Biden digs in as Democrats consider forcing him out of presidential race By Reuters
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By Andrea Shalal, Steve Holland, and Jeff Mason MADISON, Wis. (Reuters) – U.S. President Joe Biden sought on Friday to quell an uprising among some Democrats who are pressuring him to abandon his re-election campaign after a poor debate performance, vowing to “stay in the race.” In a fiery speech…
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Altcoins Bleed As Bitcoin Price Decline To $53,800 Amid Mt. Gox Repayment News
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In a market sensitive to every wave of news, Bitcoin’s drop to $53,800, part of a broader cryptocurrency slide, illustrates the volatile nature of digital currencies. A number of factors including liquidation events, shifts in the Bitcoin price against the US dollar, and fluctuations in Bitcoin’s trading volume history contribute…
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The stage is set for 2 rate cuts this year, but investors need to be careful adding more exposure to the stock market, JPMorgan strategy chief says
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In this photo taken on May 22, 2020, a car drives past the Federal Reserve Bank building in Washington.Patrick Szymanski/AP Photo Recent data makes the Federal Reserve ready to cut interest rates twice this year, said David Kelly of JPMorgan Chase. The bank’s chief global strategist expects the Federal Reserve…
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Crude oil scores fourth straight weekly gain as U.S. data indicates solid demand
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SlavkoSereda/iStock via Getty Images Crude oil futures fell on the day while recording a fourth straight weekly gain, supported by a much larger-than-expected drawdown in U.S. crude inventories, renewed hopes that the U.S. Federal Reserve will start cutting interest rates soon, and rising geopolitical risks in the United States. The…
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Nvidia AI chips are a ‘huge bottleneck’ but that doesn’t mean regulatory action, EU says
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Margrethe Vestager, head of the European Union’s competition commission, has warned of a “massive bottleneck” in Nvidia Corporation AI chips are among the available supplies, but regulators are still deciding whether there’s anything to do about it. “We have asked them questions, but these are just preliminary questions,” she told…
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President Ruto announces Sh177bn budget cuts
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President William Ruto has announced Sh177 billion in spending cuts and Sh169 billion in additional borrowing to plug the budget gap left after the withdrawal of the 2024 Finance Bill. President Ruto said in a live address from State House that the government would present a proposal to the National…
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Forexlive Americas FX news wrap 5 Jul: NFP for June sent the USD lower/yields tumbling
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The U.S. jobs report showed nonfarm payrolls rose by 206,000 jobs, beating expectations and up from 190,000 previously estimated. However, the details of the report were less than impressive. The revision for the previous two months was -111K. This more than offsets the above-expected growth this month. The unemployment rate…
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Jonathan Reynolds appointed as new business minister amid calls for SME support
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Jonathan Reynolds has been appointed as the UK’s new Business Secretary following Labour’s general election victory. With Labour making ambitious pre-election promises to support small businesses, all eyes are now on Reynolds to deliver on those commitments and drive economic growth. This appointment comes amid growing expectations and aspirations from…