Category: News
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Russia could reduce decision time for use of nuclear weapons, lawmaker says By Reuters
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By Guy Faulconbridge and Lydia Kelly MOSCOW (Reuters) – Russia, the world’s largest nuclear power, could reduce the decision-making time set out in the official policy on the use of nuclear weapons if Moscow believes threats are increasing, the head of the Russian parliament’s defense committee said. The war in…
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Warren Buffett Doesn’t Own Nvidia. Here’s How He’s Profited From the Artificial Intelligence (AI) Stock’s Big Gains Anyway
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Warren Buffett and technology stocks go together as if… well, they usually don’t. The legendary investor usually avoids stocks that are outside his wheelhouse. Technology is not his strong suit. Unsurprisingly, Buffett does not own a single share of… Nvidia (Nasdaq: NVDA). So, did he miss the massive gains that…
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Russian soldiers returning home are sending crime higher
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Russia sent so many men to join its war in Ukraine, that crime levels in the country fell shortly after the invasion began. Now their comeback is unleashing a wave of abuse. Crimes committed by soldiers not related to the war rose by more than 20% last year, according to…
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Ex-BOC chairman raises stake, wins rights to block his buyout
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Former Bank of China chief Ngugi Kiona raised his stake in the company to 11.2% in the year to March 2024 from 8.56% the previous year, putting it above the threshold required to prevent a compulsory purchase of his shares in the subject company. From the takeover offer. BOC’s 2023…
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Formula 1’s Selective Morality: The Flavio Briatore Paradox
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When Flavio Briatore was fired from Formula 1 in 2009 for his role in the notorious “Crashgate” scandal, it seemed as if a clear message had been sent: the sport would not tolerate actions that threatened the safety and integrity of its competitions. Briatore’s orchestration of Nelson Piquet Jr.’s deliberate…
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Israeli ultrasound co Insightec raises $150m
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Israeli Medical Devices Company Insightec It raised $150 million in an oversubscribed funding round. The ultrasound developer, founded in 1999, had previously raised $700 million. The new funding comes several months after Insightec announced layoffs and attached continuity qualifications to its financial results. The round was led by Fidelity Management…
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Taiwan war games to mimic combat as closely as possible By Reuters
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Written by Ben Blanchard TAIPEI (Reuters) – Taiwan’s annual war games this year will be as close to actual combat as possible, no longer just a point-scoring show but aiming to simulate real combat given the rapidly growing “enemy threat” from China. The official said. China, which considers democratically-ruled Taiwan…
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Will Alphabet Be Worth More Than Nvidia by 2025?
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the alphabet’s (NASDAQ:GOG) (Nasdaq: Google) The stock is up more than 40% over the past 12 months and is currently hovering near its all-time high. The tech giant has impressed investors with accelerated growth of its advertising and cloud businesses, a new $70 billion stock buyback plan, and the approval…
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Record temperatures, higher natural gas prices to lift power bills this summer
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Pedrosala/iStock via Getty Images Higher electricity bills in the future For most of the United States this summer, the Energy Information Administration expects the average monthly residential energy bill in the United States to rise to $173 in June, July and August, up 3% from a year ago. The biggest…
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Record temperatures, higher natural gas prices to lift power bills this summer
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Pedrosala/iStock via Getty Images Higher electricity bills in the future For most of the United States this summer, the Energy Information Administration expects the average monthly residential energy bill in the United States to rise to $173 in June, July and August, up 3% from a year ago. The biggest…
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Explainer: What happens if Parliament rejects Finance Bill 2024 in totality
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The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…
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Explainer: What happens if Parliament rejects Finance Bill 2024 in totality
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The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…
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Business Travel Resurges with a New Focus on ‘Bleisure’
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The pandemic has put business travel on hold, shifting meetings to virtual platforms like Teams. However, business travel today has not only rebounded, but has surpassed pre-pandemic levels, transforming the industry in unexpected ways. The Meetings, Incentives, Conferences and Exhibitions (MICE) sector is experiencing a significant revival, providing new opportunities…
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Credit’s Strong Run Stumbles for First Time This Year
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Breadcrumb links BMN Business Global corporate bond spreads are on track to turn in their first month of weakness since late last year, reigniting the debate over the relative value of credit versus other fixed income classes ahead of the second half of 2024. Article writer: Bloomberg News Finbar Flynn…
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Credit’s Strong Run Stumbles for First Time This Year
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Breadcrumb links BMN Business Global corporate bond spreads are on track to turn in their first month of weakness since late last year, reigniting the debate over the relative value of credit versus other fixed income classes ahead of the second half of 2024. Article writer: Bloomberg News Finbar Flynn…
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Supermarket CEOs summoned to criminal hearing on price fixing
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The Israel Competition Authority announced today that Yochananov’s marketing chain owner and CEO Eitan Yochananov, his deputy Elad Harazi and Superbariket supermarket chain manager Ephraim Tshuva, will hold a pre-indictment hearing on suspicion of cartel arrangements. Yochananof’s group itself will also be given a hearing. In addition, the Israel Competition…
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Messari’s New Report Recognizes Nervos CKB as a Game-Changer for Bitcoin’s Scalability and Programmability By Chainwire
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Hangzhou, China, June 22, 2024, Chainwire In an innovative analysis, leading cryptocurrency research firm Messari has published a comprehensive overview of the Nervos Network (CKB), highlighting its pivotal role in enhancing Bitcoin’s technological framework. The report details how Nervos is leveraging innovative Blockchain Layer-1 technology and the RGB++ protocol to…
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Messari’s New Report Recognizes Nervos CKB as a Game-Changer for Bitcoin’s Scalability and Programmability By Chainwire
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Hangzhou, China, June 22, 2024, Chainwire In an innovative analysis, leading cryptocurrency research firm Messari has published a comprehensive overview of the Nervos Network (CKB), highlighting its pivotal role in enhancing Bitcoin’s technological framework. The report details how Nervos is leveraging innovative Blockchain Layer-1 technology and the RGB++ protocol to…