Category: News
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Delivery drivers’ illegal scooters and mopeds are being seized
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The growing demand for quickly delivered food has led to the emergence of small armies of couriers — and increased anxiety — in major cities as scooters, motorcycles and scooters weave in and out of traffic and hop onto pedestrian-filled sidewalks as their drivers race to deliver salads and sandwiches.…
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Exposed: How an intern hired staff for a government agency
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The National Government Affirmative Action Fund (NGAAF) used an intern to recruit district coordinators to deploy across the country, an audit has revealed, exposing gaps in human resources management at the agency set up to help Kenya reduce poverty and inequality. The intern was part of the interview and selection…
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Institute of Directors Introduces Code of Conduct for Business Leaders
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The Institute of Directors (IoD) has launched a new code of conduct aimed at promoting ethical behavior among business leaders, in a bid to restore public trust in the wake of several high-profile corporate scandals. The IoD, which is referred to as the ‘Consortium of Chairs’, has developed this guidance…
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Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy
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Breadcrumb links PMN works Article writer: Associated Press Michael Liedtke Published on June 08, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content LOS GATOS, Calif. (AP) — Although its streaming video service has…
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Financial markets indifferent as Galilee burns
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Anyone who sees images of northern Israel on fire will find it difficult to get them out of his mind. Acres of farms, ranches, chicken runs, beehives, pastures and vineyards were burned to the ground. People saw their life’s work destroyed. Small businesses in the north have been collapsing for…
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Tensions flare on Poland-Belarus border as more migrants arrive By Reuters
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Written by Barbara Erling, Kuba Stizecki, and Kakper Pimple BIALOVIZA, Poland (Reuters) – Dozens of people gathered near a fence along the border with Belarus, surrounded by dense forest, waiting for a chance to climb over it or push aside its slats to head west into Poland. On the other…
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2 Soaring Stocks I’d Buy Now With No Hesitation
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The stock market has risen over the past year, with Nasdaq Composite An increase of more than 27% since last June. The growth is a welcome development after the Covid-19 pandemic and economic downturn in 2022, which saw the same index fall by 33% during a challenging year. Investors have…
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S&P 500 lands a win in historic week with Nvidia crossing over $3T market cap
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On Friday, the S&P 500 Index (SP500) rose 1.32% during the week to end at 5,346.99 points, recording gains in four out of five sessions. The accompanying SPDR S&P 500 ETF (NYSEARCA: SPY) by 1.26%. The benchmark index recorded its weekly rise Gains after posting a decline the previous week…
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Nvidia hits $3 trillion, making CEO Jensen Huang richer than Michael Dell
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Nvidia Corp.’s Jensen Huang has steadily climbed the ranks of the world’s richest people, with the market value of his computer chip maker reaching $3 trillion. Huang achieved another milestone on Friday, surpassing PC pioneer Michael Dell to become the world’s 13th richest person with a net worth of $106.1…
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Fady Rostom: Clothing brand owner who owns and wears only one T-shirt
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Fadi Rostom will not reveal himself easily. He hides behind a veil of self-deprecation and really terrible dad jokes. He keeps his tongue in his cheek, and wears his jokes on his sleeves. He will not let you in until he is sure you understand what your presence entails. Within…
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UK Wage and Price Growth Set to Slow, Bolstering Case for Interest Rate Cut
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UK businesses plan to ease pay and price increases over the next year, paving the way for interest rate cuts this summer. This trend was highlighted in the latest poll conducted by the Bank of England’s decision-making committee. According to the survey, companies intend to increase wages by 4.1 percent…
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Demand for food delivery has skyrocketed. So have complaints about some drivers
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Breadcrumb links BMN Business Article writer: Associated Press Michael Casey Published on June 08, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content BOSTON (AP) — The growing demand for quickly delivered food has…
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Netanyahu: We’ll restore security to the north
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Prime Minister Benjamin Netanyahu visited Kiryat Shmona following the escalation in the exchange of fire with Hezbollah that sparked widespread fires in northern Israel. The government allowed the Israeli army to raise the number of reserve forces called for service to 350,000 soldiers. The license is valid until the end…
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Apollo 8 astronaut Anders, who took ‘Earthrise’ photo, reported dead in plane crash By Reuters
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Written by Steve Gorman and Peter Cooney (Reuters) – Retired astronaut William Anders, one of the first three people to orbit the moon and who captured the “Earthrise” photo during NASA’s Apollo 8 mission, died on Friday when the small plane he was piloting crashed in Washington state, media reported.…
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Nvidia’s stock split is largely ‘cosmetic,’ and mammoth gains could keep rolling in
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Shares of the top stocks in the S&P 500 rose tenfold on Friday. After the market closed, Nvidia stock was split 10-for-1, which was announced in May during the company’s most recent conference. Earnings call, entered into force. But it won’t do much to change the company $3 trillion valuation…
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OPEC+ plan turns hedge fund bullish bets on crude oil to 10-year lows (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures fell for a third straight week, which began with a sell-off sparked by OPEC+’s decision to reduce 2.2 million barrels per day in voluntary production cuts later this year, gradually leading to some barrels returning to the market later this year. In…
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Cold Stone Creamery is facing a legal battle after a New York woman discovered that her ‘pistachio’ ice cream contained no real pistachios
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Is it crazy to assume that a scoop of pistachio ice cream has to contain real pistachios? Or how about real butter in a bowl of butter pecans? Such important questions about the favorite summer dessert could soon be decided by the courts. A New York federal judge has given…
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800,000 get ‘Hustler’ loans outside system
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The Hustler Fund issued loans worth Sh465 million to 809,351 Kenyans who had not registered for the product, exposing flaws in the operations of a microcredit scheme targeting low-income groups. Auditor General Nancy Gatongo revealed that people not included in the fund received cash during the first seven months of…
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Forexlive Americas FX news wrap 7 Jun”: US adds 272K new jobs but unemployment rate rises
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The US jobs report came out stronger, but again there were some ambiguous/less strong elements. Nonfarm Payrolls rose 272K versus estimates of 185K. Private salaries increased by 229,000 compared to 170,000 according to estimates Average hourly earnings increased by 0.4% versus 0.3% expected Average year-over-year earnings increased by 4.1% versus…
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Scottish Woman Sues Netflix for $170M Over Baby Reindeer Character Depiction
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A Scottish woman, Fiona Harvey, has sued Netflix for defamation, negligence and invasion of privacy, claiming she was inspired by the character of Martha in the hit drama Baby Reindeer. Harvey’s lawsuit, filed in a California court, seeks more than $170 million (£132 million) in damages, alleging that Netflix broadcast…