Category: News
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Restaurants Canada on LCBO Strike
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Article Content statement TORONTO, July 5, 2024 (GLOBE NEWSWIRE) — Restaurants Canada is urging the Restaurants Canada Association, the government and the striking workers to continue negotiating to reach a quick resolution and end the labour dispute. The summer season is a critical time for restaurants and bars that rely…
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Weak shekel makes rate cut unlikely next week
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The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from implementing further cuts. Capital market sources and analysts currently believe that there will be…
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Biden called to congratulate UK’s Starmer, White House says By Reuters
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WASHINGTON (Reuters) – U.S. President Joe Biden called Britain’s new Prime Minister Keir Starmer on Friday to congratulate him after his Labour Party’s landslide victory in parliamentary elections, the White House said. “The two leaders affirmed the special relationship between our two countries and the importance of working together to…
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SunPower Shares Slump Amid Financial Misconduct Allegations
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(Bloomberg) — SunPower Corp. shares posted their biggest drop in seven weeks after the troubled company’s accountant resigned amid allegations of misconduct by top executives. Most Read from Bloomberg The company’s shares fell about 18%, their biggest daily drop since May 15, and were trading at $2.20 at 12:58 p.m.…
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Yukon minister says cyanide found in creek near Victoria Gold mine spill
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Britta/E+ via Getty Images Victoria Gold (OTCPK:VITFF) -8.4% In Toronto trading Friday after Yukon’s energy minister said high levels of cyanide Traces of gold ore were discovered in a stream following a filtration platform collapse and ore slide at the Eagle Gold Mine last week. the The stock fell more…
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Tesla stock turns positive for 2024 amid $200 billion rally
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Tesla Inc. shares fell sharply on Friday after the world’s most valuable automaker erased its losses since the start of the year following a seven-day rally. Shares of the electric-car maker surged more than 30% in its latest winning streak, adding more than $200 billion to its market value. Earlier…
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UK’s Labour sweeps to power as Rishi Sunak concedes election defeat
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Keir Starmer will be Britain’s next prime minister, and his Labour Party is expected to win a large majority in the parliamentary election, ending 14 years of often turbulent Conservative government by defeating Rishi Sunak’s party. While there are still many results to be announced from Thursday’s vote, the centre-left…
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Is obsolete technology holding back innovation?
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When we think of technology, especially in recent decades, we tend to think of something very futuristic – things that are really advanced, fast, and able to correctly interpret all the needs of “real” people and users who populate the web. But on this subject, we cannot forget that some…
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Global Blue Releases the Monthly Tax Free Shopping Business Update for June 2024 By Investing.com
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New data from Global Blue reveals that the global dynamic recovery in tax-free shopping has accelerated across continental Europe and the Asia-Pacific region. Globally, the recovery rate of exported store sales was 168%1 in June 2024 compared to the same period in 2019, compared to 163%1 in April/May 2024 and…
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2 Artificial Intelligence Stocks That Could Make You a Millionaire
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artificial intelligence Artificial intelligence is all the rage in the market today. Despite some hype, AI seems to have staying power and is set to have a real impact on the economy. People and businesses are using AI to create and use all sorts of transformative applications. Never-before-seen photography and…
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Asian markets reverse gains, Nikkei slightly lower after touching record levels
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Paul Gould Japan (NKY:IND) -0.08% The Nikkei 225 hit a record high, surpassing the 41,000 mark for the first time, before losing momentum. Japan’s index of coincident economic indicators, which covers a range of data including factory output, employment and retail sales, rose to 116.5 in May. 2024. China (SHCOMP)…
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Rishi Sunak awaits multimillion-dollar payday after losing $177,000 PM gig
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It’s official. Rishi Sunak is no longer prime minister of the United Kingdom. His long, winding path to the exit door has been inevitable since he took over from Liz Truss’s short-lived, economically disastrous government in the autumn of 2022. But Sunak, 44, who has reportedly been found Riding into…
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How fertiliser imports fell 66 percent ahead of scandal
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Kenya has cut its fertilizer imports by about three-quarters ahead of this year’s main planting season, which has been marred by reports of fake inputs, official figures show, threatening to reverse the country’s gradual improvement in food security. It is estimated that nearly 143,569.5 tons of chemical fertilizers were shipped…
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UK car market sees first million sales since pandemic, driven by hybrids over fully electric vehicles
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The UK car market has reached a significant milestone, with new car registrations exceeding one million in the first half of 2024, the first time this has happened since pre-pandemic 2019. This renaissance includes a significant increase in the market share of electric vehicles. However, sales of plug-in hybrids and…
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US jobs report for June is likely to point to slower but still-solid hiring
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Breadcrumbs Path Links PMN Business Article author: Associated Press Paul Wiseman Posted on July 05, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (Reuters) – The U.S. labor market likely slowed…
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Tech deals revive Tel Aviv’s office market
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Recent times have not been the best for the office real estate sector in Israel. The slowdown in the tech industry in Israel and around the world, rising interest rates, political instability in Israel and of course the war have all contributed to a significant slowdown, especially after the boom…
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Hurricane Beryl aims at Mexico tourist hotspots after soaking Jamaica, Caymans By Reuters
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By Jose Cortes and Paola Chiomanti TULUM/CANCUN, Mexico (Reuters) – Hurricane Beryl battered major tourist resorts in Mexico on Thursday evening after passing through the Cayman Islands and hitting Jamaica with winds that destroyed buildings and uprooted trees. Hurricane Beryl, now a Category 2 storm, has left a trail of…
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Global Stocks Hit Peak Level Before US Jobs Data: Markets Wrap
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(Bloomberg) — Global stocks are expected to hold onto record highs hit on Thursday as traders turn their attention to U.S. jobs data due Friday for clues on the Federal Reserve’s interest-rate cut. Most Read from Bloomberg Tokyo’s Topix index hit a new record before retreating. The moves followed gains…