Category: News
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Parastatal reforms split PSC, State House teams
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The Public Service Commission (PSC) has notified the Executive Office of the President on new guidelines on the management of parastatals, citing a simmering tussle over control of state-owned entities managing billions of shillings. PSC Chairman Anthony Mochere has described Executive Order No. 3 of 2024 on Governance Guidelines for…
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Tourist Tax Diverts Wealthy Visitors from London to Paris and Milan, Claims Cadogan Estates Boss
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The UK’s “tourist tax” is driving wealthy international visitors away from London to destinations such as France, Italy and Spain, according to Hugh Seaborn, chief executive of Cadogan Estates, one of London’s largest landowners. Seaborn, whose company owns 90 acres of prime land in Chelsea, including Sloane Street and King’s…
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Investing in the Canadian housing market: 5 things to consider
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Breadcrumb links Business basics Learn how to familiarize yourself with the basics of real estate while signing up for helpful investment tools Published on June 06, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Image…
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Country Garden’s Hong Kong liquidation hearing further adjourned to July By Reuters
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HONG KONG (Reuters) – Hong Kong’s High Court has postponed a hearing on a petition seeking the Chinese property developer’s liquidation to July 29, Embatled Country Garden said in a filing on Thursday. The company did not provide a reason for the delay. The hearing was originally adjourned to June…
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Nvidia Hits a $3 Trillion Market Cap Ahead of Its 10-for-1 Stock Split. Here’s What’s Next for Investors.
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Nvidia (Nasdaq: NVDA) Stocks made headlines on Wednesday when they became the third U.S. public company to cross the $3 trillion market capitalization threshold. In January 2022, apple He was the first to achieve this remarkable feat, and he was followed by others Microsoft In January 2024. A growing group…
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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IRS says it will refund taxes extracted from Ohioans who got financial assistance after Norfolk Southern derailment disaster
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Most of the people who received money from Norfolk Southern followed last year A fiery train derails In eastern Ohio you won’t have to pay taxes on millions of dollars in aid payments after all. Internal Revenue Service He said Wednesday Most of the payments people living near East Palestine,…
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PSC picks insider for CEO as Simon Rotich’s term ends
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The Public Service Commission (PSC) has appointed Paul Vampa as its new Chief Executive, doubling up as Commission Secretary, following the expected expiration of Dr Simon Rotich’s five-year term which began on 1 August 2019. In a notice on Wednesday signed by Planetarium Commission Chairman Anthony Mochere, the commission said…
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Mark Carney Rules Out Role in Future Labour Government
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Former Bank of England Governor Mark Carney has categorically ruled out any role in a future Labor government. When asked about the possibility of an official position or whether he had received any offers, Carney laughed and replied: “My time in officialdom in the UK is over.” Carney, who led…
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Maxim Power Corp. Announces Board of Directors Election Results and M2 CCGT Operations Update
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Article content CALGARY, ALBERTA, June 05, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“Wisdom – a saying“or the”institution(TSX:MXG) today announced the final director election results from its 2024 Annual General Meeting of Shareholders held on 5 June 2024 (the “Meeting”). A ballot was taken at the Meeting in relation to…
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SAP acquires Israeli co WalkMe for $1.5b
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German software giant SAP announced that it has entered into an agreement to acquire the Israeli digital adoption platform company Meniningnen (Nasdaq: WKME) for $14 per share, a 45% premium to yesterday’s closing price, representing a stock value of $1.5 billion. In pre-market trading, WalkMe’s stock price rose 41.8%. However,…
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Hagerty director Kauffman sells shares worth over $260k By Investing.com
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In a recent move, Robert I. Kaufman, Director of Hagerty, Inc. (NYSE:HGTY), an insurance brokerage firm, sold a notable number of shares in the company. Over the course of three days, Kaufman disposed of a total of 26,780 shares, resulting in proceeds of more than $260,000. The transactions, which took…
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Hagerty director Kauffman sells shares worth over $260k By Investing.com
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In a recent move, Robert I. Kaufman, Director of Hagerty, Inc. (NYSE:HGTY), an insurance brokerage firm, sold a notable number of shares in the company. Over the course of three days, Kaufman disposed of a total of 26,780 shares, resulting in proceeds of more than $260,000. The transactions, which took…
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Nvidia stock crosses $3 trillion market cap, overtakes Apple as second-largest co. in US market
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Nvidia (NVDA) stock rose as much as 5% on Wednesday to hit a record high, giving the company a market value of more than $3 trillion, making it the third stock to reach the milestone, joining Apple (AAPL) and Microsoft (MSFT). Wednesday’s rise also saw the company briefly overtake Apple…
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Immutep stock slips after share offering (NASDAQ:IMMP)
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Daniel Grzelj ADRs of Immutep Limited (Nasdaq: IMP) fell on Wednesday after the Australian biotechnology company announced the conclusion of a share offering targeting institutional investors. The Sydney-based cancer drug developer said the offer, which includes an institutional placement component (Placement) and an institutional accrual component (Institutional). entitlement offer), and…
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Short-seller Andrew Left is betting against GameStop again, undaunted by his 100% loss last time
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Andrew Left, founder of Citron Research, is selling GameStop again, arguing that the stock is “overvalued” after its recent meteoric rise. The veteran short-seller got burned on his first bet against the stock traders’ favorite company in 2021, and eventually closed his short position at a 100% loss and stopped…
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Unga Group parts ways with MD Joseph Choge, picks insider
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Unga Group has parted ways with managing director Joseph Chuji after nearly two-and-a-half years and has turned to an insider to take over an acting role amid a drive to return to profitability. The Nairobi Stock Exchange-listed company announced on Wednesday that Mr Choji, who joined in December 2021, exited…
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How SMEs can navigate the most common financial challenges
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Every business faces a variety of financial challenges, and no business is completely protected from cash flow issues, late invoice payments, and unexpected costs. Understanding these challenges is the first step in successfully overcoming them and achieving business success. As James Robson, CEO, said, FundOnion As he explains, we know…
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AMEC Announces New Chair | Financial Post
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on June 5, 2024 • 3 minutes…
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Two US airlines resume Israel flights
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On Friday, the American airline Delta Air Lines will resume its flights to and from Israel for the first time since the outbreak of war last October. The airline will operate a daily direct flight from New York’s JFK Airport to Tel Aviv. Two days later, United Airlines will resume…