Category: News
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Conservatives Pledge £730m to Tackle ‘Sick Note Culture’
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The Conservative Party has pledged nearly £730 million to support mental health treatment in England, aiming to tackle rising social care costs if it wins the next general election. This initiative is designed to reduce the economic burden of £12 billion a year by facilitating employment for an additional 500,000…
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…
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Migrant arrests drop at US-Mexico border as Biden asylum ban rolls out By Reuters
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Written by Ted Hesson WASHINGTON (Reuters) – The number of migrants apprehended crossing the U.S.-Mexico border illegally fell on Friday, a senior U.S. border official told Reuters, saying it suggested the Biden administration’s new restrictive policy was deterring some illegal immigration. The U.S. Border Patrol arrested about 3,100 people who…
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Investors brace for the Fed to dial back its 2024 rate cut predictions
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Investors are nervous this week as Federal Reserve officials prepare to signal how many interest rate cuts remain likely in 2024. Most market observers believe that decision makers will lower their expectations. The question is before how much. The new forecast on Wednesday will come in the form of a…
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Schwab Trading Activity Index rises slightly in May (NYSE:SCHW)
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The Schwab Trading Activity Index (STAX), a measure that analyzes individual investors’ stock positions and trading activity from the Charles Schwab Index (New York Stock Exchange:SW) Customer accounts rose slightly to 49.05 in May from 48.87 in April, leaving the metric in the “moderately low” range. Schwab (SCHW) clients were…
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Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
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Volvo Cars has begun shifting manufacturing of Chinese-made electric cars to Belgium, as the European Union prepares to impose tariffs on electric cars made in China, The Times reported. In addition to moving production of the Volvo EX30 and EX90 models to Belgium, the automaker may also move assembly of…
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Kenya to use World Bank loan to clear Sh65bn Eurobond
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Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on June 24. The final sovereign bond payment for 2014 is expected to allay investor fears that contracted foreign exchange…
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Labour to Tackle Private Equity Tax Loophole in Election Manifesto
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Labor is set to announce measures to close a major tax loophole that currently allows thousands of private equity investors to avoid paying income tax. The initiative will be a key feature of the party’s general election manifesto, which is expected to be unveiled this week. Currently, gains from private…
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‘Bad Boys: Ride or Die’ boosts Will Smith’s comeback and the box office with $56 million opening
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Breadcrumb links BMN Business Article writer: Associated Press Jake Coyle Published on June 9, 2024 • Last updated 2 hours ago • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content NEW YORK (AP) — The…
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Psagot signs MoU to buy military robot co Roboteam
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Psagot Finance and Investment Group (TASE: GPST), controlled by Rani Zim, announced the signing of a memorandum of understanding to purchase all shares of the unmanned ground vehicle company. Robot teamWhich develops and manufactures robots for military and security tasks. Under the memorandum of understanding, all of Roboteam’s shares will…
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Israel centrist minister Gantz quits Netanyahu government By Reuters
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By Death Lobel JERUSALEM (Reuters) – Israeli Minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu’s emergency government on Sunday, withdrawing the only centrist force from the far-right coalition led by the embattled leader amid a months-long war in Gaza. Netanyahu issued a brief statement in which he…
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What’s next for the stock and other AI plays
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Nvidia (NVDA) joins its Big Tech peers, becoming the fourth Magnificent 7 stock to split since 2022. The chip giant’s 10-for-1 stock split, which will begin trading on Monday, comes after significant price growth, with shares up 212% in the past year. This massive rise propelled Nvidia into the $3…
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BNB token surge makes Binance’s Changpeng Zhao even richer in prison
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The BNB token, a cryptocurrency linked to Binance and its jailed co-founder Changpeng Zhao, rose to a record high in the first week of his four-month prison sentence in the United States. Its rise confirms Chow’s status as the richest person ever to serve time in a US federal prison.…
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David Thuo, the recreational runner on a 90km record-breaking marathon
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David Thuo’s BMW boots could be mistaken for the locker room of an elite gym. Several pairs of the latest Nike racing shoes here, bottles of precisely mixed hydration fluids, a training mat, complete nutritious meals, running clothes… What particularly catches my attention is his rich repertoire of Nike racing…
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David Davis Criticises Extradition Treaty Following Mike Lynch Acquittal
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Sir David Davis, former leader of the Conservative Party, has strongly criticized Britain’s extradition treaty with the United States following the acquittal of British technology entrepreneur Mike Lynch. Lynch was acquitted of charges related to inflating the value of his company, Autonomy, in its sale to Hewlett-Packard (HP). Davis stated…
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‘No network is flawless’: Wildfires underscore resiliency challenges for telecoms
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Breadcrumb links BMN technology BMN Business Article writer: Canadian Press Sammy Hodes Published on June 9, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. When wind-driven wildfires raged on the Hawaiian island of Maui last…
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‘No network is flawless’: Wildfires underscore resiliency challenges for telecoms
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Breadcrumb links BMN technology BMN Business Article writer: Canadian Press Sammy Hodes Published on June 9, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. When wind-driven wildfires raged on the Hawaiian island of Maui last…
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Israel’s fiscal deficit widens to 7.2%
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Israel’s fiscal deficit continued to widen in May, reaching 7.2% of GDP over the past 12 months, or NIS 137.7 billion, according to Finance Ministry Accountant General Eli Rotenberg, compared to 6.9% of GDP. At the end of April. The fiscal deficit target for the end of 2024, as set…