Category: News
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Despite war shekel matched outperforming US dollar in 2024
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Throughout 2024, with the dollar outperforming against most major currencies, the shekel/dollar rate has remained relatively stable, closing 0.027% higher today at NIS 3.647/$. In 2024, the dollar experienced its strongest year since 2015, rising more than 7% against the world’s major currencies. But despite the war, the shekel has…
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Warren Buffett tells people to buy an S&P 500 index fund. A celebrity tech investor says they face a ‘rude awakening.’
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Warren Buffett, CEO of Berkshire Hathaway.Reuters/Rick Wilking Warren Buffett has long recommended a low-fee S&P 500 tracker fund for amateur investors. Chamath Palihapitiya says it has become more serious as a group of stocks now dominate the index. Buffett mostly avoids technology names, but Apple has been his No. 1…
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How to Pay HMRC with Credit Card
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Tax season is stressful, especially when you’re staring at an HMRC bill. Maybe you wish you could have it on your device Credit card to get rewardsjust like the old days. It is frustrating that HMRC no longer accept personal credit cards directly. Fortunately, some solutions still offer perks. Navigating…
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Knesset enacts Trapped Profits Law by one vote
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This evening, the Knesset General Assembly approved the controversial Trapped Profits Law, the main reform in the 2025 budget, by narrow margins in the second and third readings – 59 votes in favor and 58 votes against. The law is expected to bring NIS 9 billion to the state treasury…
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Warner Bros Discovery Stock Could Outperform Next Month
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Warner Bros. Discovery (NASDAQ:WBD) The stock last saw a 1% rise to trade at $10.62, and looks to close out the month and quarter with strong gains. On a yearly basis, WBD performed poorly, falling 6.2% versus a 23.7% gain in 2024 for the S&P 500 (SPX). However, this underperformance…
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Online traders face crucial HMRC deadline as eBay sellers risk large tax bills
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Leading audit, tax and business advisory firm Blick Rothenberg has warned that eBay sellers and other online traders could face significant tax demands if they fail to register for self-assessment by the end of the year. Under new reporting rules, platforms such as eBay must provide HMRC with details of…
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Russia Gas Flow to Europe Via Ukraine Set to Halt as Deal Lapses
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Breadcrumb links BMN Business It appears that Russian natural gas flows to Europe via Ukraine are about to stop on Wednesday, after the expiration of the transit agreement, which increases the risks to the continent’s energy security in light of its heavy reliance on reserves. Article writer: Bloomberg News Anna…
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Oracle eager to build Israel’s supercomputer
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After talks with Google and Amazon to build the Israeli supercomputer failed, and the tender was reissued by the Israel Innovation Authority, Globes has learned that tech giant Oracle is planning to bid on the tender. Oracle already operates Israel’s largest data center for cloud-native operations, which it leases from…
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NextEra Energy Plans Rate Changes and Solar Projects
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https://www.tipranks.com/news/company-announcements/nextera-energy-plans-rate-changes-and-solar-projects The latest update has been released from NextEra Energy ( (NEE)). Florida Power & Light has notified the Florida Public Service Commission of its plan to begin base rate action in 2025, with the goal of implementing a new four-year rate plan starting in 2026. The plan includes a…
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Sunseeker insists it ‘deeply values’ workforce despite temporary layoffs
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Superyacht manufacturer Sunseeker has sought to reassure employees that it “highly values” their contributions, after the company announced a series of temporary layoffs affecting production staff in early 2025. The move, prompted by what Sunseeker described as “cash flow challenges” linked to supply chain disruption, sparked criticism from the Unite…
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Where do Trudeau and the Liberals go from here?
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Breadcrumb links FP comment Escaping Justin Trudeau’s record will be difficult. Furthermore, the Liberals need to move to the centre, where most Canadians are Posted on December 31, 2024 • Last updated 52 minutes ago • 4 minutes read You can save this article by registering for free here. Or…
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Isracard directors prefer Delek bid
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Delek Group (TASE: DELKG), controlled by Yitzhak Tshuva and managed by CEO Idan Wallace, is on the cusp of taking control of Israeli credit card company Isracard (TASE: ISCD). The battle between Delek, Menora Mivtashem (TASE: MMHD) and Jerusalem Bank (TASE: JBNK) over Israel’s largest credit card company is now…
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Maiden, Kestrel to merge as publicly listed specialty programme group
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Maiden Holdings and Kestrel Group have agreed to merge, which will help create a new publicly listed specialist software group. Subject to the agreed terms, Maiden’s common shares will be converted into a security interest in shares in a new Bermuda-based entity, which will acquire both Maiden and Kestrel. This…
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High street job losses climb to 170,000 amid rising tax burdens
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The UK’s struggling high streets have lost nearly 170,000 retail jobs this year – the biggest annual toll since pandemic lockdowns in 2020 – as stores face higher taxes, rising costs and weak consumer spending. Figures from Altus Group and the Center for Retail Research (CRR) reveal a 42 per…
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Korea Backs Airport Design Amid Scrutiny of Wall’s Role in Crash
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Breadcrumb links BMN Business South Korean authorities have defended airport infrastructure at the site of the country’s worst civilian air accident as questions grow about the role the concrete wall at the end of the runway played in the disaster. Article writer: Bloomberg News Alison Versbury and Hyejin Kim Posted…
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Wizz Air to resume Israel flights to 10 more destinations
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The gradual return of foreign airlines to Israel is scheduled to accelerate on January 15 with the Hungarian low-cost airline Waze Air Flights will resume between Tel Aviv and 10 other destinations. Wizz Air returned to Israel earlier this month, after suspending operations at Ben Gurion Airport for two months,…
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Dollar stands tall in 2024, propped up by cautious Fed, Trump trade
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Written by Ankur Banerjee SINGAPORE (Reuters) – The dollar was strong on the last trading day of the year, poised for strong gains in 2024 against most currencies as investors brace for smaller U.S. interest rate cuts and the policies of the incoming Trump administration. The rise of the dollar,…
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‘Poor maths skills’ blamed for rising benefits bill, says Santander UK boss
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William Vereker, UK head of Santander Bank and a former business envoy under Theresa May, attributed Britain’s high benefits bill and long-term unemployed to poor numeracy and poor understanding of financial basics. Speaking against the backdrop of the rapidly rising sickness benefit budget, Vereker warned that many people ignore the…
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Purpose Investments Inc. Announces 2024 Fourth Quarter Distributions for Purpose Specialty Lending Trust
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Article content TORONTO, Dec. 30, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. To announce the fourth quarter 2024 distributions for the Specialized Purpose Lending Fund. Article content About Purpose Investments Inc. Purpose Investments Inc. It is an asset management company with assets under management of more than $22 billion. Purpose…
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IVC-LeumiTech: Tech fund raising up 38% in 2024
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Privately held Israeli technology companies raised $9.58 billion in 2024, up 38% from 2023, IVC-LeumiTech reports. The report is generally upbeat although fundraising was down 4% in the fourth quarter of 2024 from the previous quarter even though the amount raised was 60% higher than the corresponding quarter of 2023,…