Category: News
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Treasury seeks MPs nod for fresh Sh1bn Kenya Airways bailout
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Kenya Airways will receive Sh1 billion financial support from the Treasury for the financial year starting July if lawmakers approve the recommendations of the National Assembly Select Committee on Budget and Appropriations. The Ndinde Nyoro-led committee has asked lawmakers to approve the national carrier’s new bailout to partly fund its…
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UK House Prices Expected to Stagnate in 2024
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UK house prices are expected to stagnate in 2024, according to a revised forecast from Capital Economics, which now forecasts a modest rise of 0.5%, down from the previous prediction of 2%. This adjustment follows the recent survey conducted by the Royal Institution of Chartered Surveyors (RICS), which revealed a…
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Opinion: It’s time to stop complaining about the capital gains hike
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Breadcrumb links News Economy We are all against new taxes. But it’s not that simple Posted on June 15, 2024 • Last updated 23 minutes ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Deputy Prime…
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Benny Gantz quits gov’t – Globes
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The head of the National Unity Party, MK Benny Gantz, announced tonight in a press conference that he and his party will resign from the government, eight months after forming a national unity government last October. The National Unity Party includes eight Knesset members, and their departure would leave Benjamin…
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CARsgen Presents First-in-human Results of GPRC5D Targeting CAR-T CT071 at EHA 2024 By Investing.com
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Shanghai, June 15, 2024 /PRNewswire/ — CARsgen Therapeutics Holdings Limited (ticker symbol: 2171.HK), a company focused on innovative CAR T-cell therapies for the treatment of hematological malignancies and solid tumors, announces that preliminary results from the ongoing first-in-human study of CT071 have been presented at the conference. The twenty-ninth annual…
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What’s next for Tesla’s stock as shareholders and Wall Street pros weigh in
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Although Tesla ( TSLA ) shareholders voted to reinstate Elon Musk’s pay package Thursday afternoon, some investors and analysts told Yahoo Finance they remain skeptical. “It’s all a game of chance, and shareholders have backed out,” said Ibrahim Al-Husseini, one of Tesla’s early investors. “Fear of losing is a great…
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10 predictions on how artificial intelligence will reshape the world: UBS
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G studios Since ChatGPT was introduced in late 2022, Microsoft (NASDAQ:MSFT) With the support of its creator, generative AI is taking on the world and its broader implications for the global economy and society as a whole. While some research companies We believe generative AI can do this Heart of…
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How Jake Paul defied FBI raids and YouTube controversy to launch a business empire
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Before the 27-year-old became the third richest content creator, raking in $38 million in 2023 — and challenging boxing legend Mike Tyson in a bout that will be broadcast on Netflix — Paul was Disney’s nightmare employee. After gaining internet fame by creating six-second comedy videos on Vine, Paul was…
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CEO who wakes up at 3am for cold shower and prayer
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The tale of the pauper to the prince has been told enough already. Especially if you’re named after history makers, like Churchill and Winston. In a sense, his fate was already written in the stars, sealed by the universe. But this story wouldn’t make sense without rephrasing it, so here…
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Oil Prices Predicted to Plunge to $60 by 2025, Bringing Relief to Drivers
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Motorists are set to benefit from a significant drop in fuel prices over the next 18 months, with analysts predicting a significant drop in the cost of oil to $60 per barrel. The expectation of lower gasoline prices comes on the heels of expectations that the global supply of oil…
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Tax Doubts Look Set to Dog Keir Starmer to Election and Beyond
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Breadcrumb links PMN works Keir Starmer’s path to power in the UK general election looks insurmountable with less than three weeks to go, but for the investors, economists and ordinary Britons who will vote for him, the Labor leader has yet to settle a key question: Are his tax and…
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Intel cash problems causing pause in new Israeli plant
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Intel Israel has asked several suppliers to halt work on the construction and expansion of its new Fab38 production plant in Kiryat Gat, which is set to be one of Intel’s most advanced factories worldwide and the largest chip-making plant in Israel. Channel 12 News reported earlier this week that…
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World leaders join Ukraine summit in test of Kyiv’s diplomatic clout By Reuters
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Written by John Revell and Emma Farge LUCERNE, Switzerland (Reuters) – World leaders will gather in Switzerland on Saturday for a summit aimed at pressuring Russia to end its war in Ukraine, but Moscow’s absence of powerful allies such as China will limit its potential influence. Dozens of Ukraine’s allies…
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Goldman Sachs Boosts S&P 500 Target on Upbeat Profit Outlook
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(Bloomberg) — Strategists at Goldman Sachs Group boosted their year-end target for the Standard & Poor’s 500 Index for the third time, reflecting Wall Street’s upbeat expectations for earnings growth and the U.S. economy. Most read from Bloomberg The bank’s equity strategists, led by David Kostin, now expect the benchmark…
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Rising fuel inventories hit crack spreads, likely signaling refining slowdown ahead
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Slavko Sereda/iStock via Getty Images Oil futures posted strong weekly gains that offset the big decline that followed OPEC’s June 2 announcement of its plan to begin bringing back about 2.2 million barrels per day of crude oil later this year. It’s been a week taught by Conflicting demand forecastsOPEC…
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Notorious conspiracy theorist Alex Jones’ assets will be sold to pay a $1.5 billion debt to families of the Sandy Hook massacre victims
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A federal judge on Friday ordered the liquidation Conspiracy theorist Alex Jones “personal assets but dismissed his company’s separate bankruptcy case, leaving the future of his media platform Infowars uncertain as he owes $1.5 billion over his false claims that… Sandy Hook Elementary School shooting It was a trick. Judge…
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Former spy chief Michael Gichangi retires from Kenya Airways board
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Former intelligence chief, retired Major General Michael Gichanji, has exited the board of Kenya Airways after six years and eight months. He was a non-executive director and Chairman of the Board’s Strategy and Business Development Committee. He joined the national carrier’s board of directors in September 2017. “The Board of…
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JLR Invests £1M to Aid Police in Combating Car Thefts
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Jaguar Land Rover (JLR) has announced a £1 million investment to help UK police combat vehicle theft. This funding will strengthen police operations at theft sites and support intelligence gathering efforts. The initiative comes after Adrian Mardell, CEO of Jaguar Land Rover, strongly denied claims that Range Rovers are particularly…
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Ramaphosa Reelected as South African President
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Breadcrumb links BMN Business Cyril Ramaphosa has been re-elected as South Africa’s president, hours after the African National Congress agreed to a power-sharing deal with business-friendly opposition parties. Article writer: Bloomberg News Sthembile Cele and Paul Vecchiato Posted on June 14, 2024 • 4 minutes read You can save this…
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Fortissimo plans TASE IPO for Sugat
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Israeli private equity firm Fortissimo Capital The company, run by its founder Yuval Cohen, plans to float shares in a food manufacturing company injury. Since its acquisition of Sugat, Fortissimo has strengthened the company. Fortissimo, which last month completed the acquisition of telecommunications company Celcom, recently held a series of…