Category: News
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Rising food, electricity prices push May inflation up to 5.1pc
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The cost of living rose slightly in May, with inflation rising to 5.1 percent from five percent in April due to higher costs of food and electricity. The Food and Non-Alcoholic Beverages Index, which accounts for food prices, rose by 6.2 percent year-on-year compared to May of last year and…
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How good is the quality of your firm’s turnover?
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Business owners consider turnover to be a key measure of their company’s growth. However, behind this superficial number lies a deeper narrative that sets one company apart from another. While two companies in the same industry may exhibit similar sales numbers, the underlying dynamics of their revenue streams can be…
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Seven Percent of European Firms Face Restructuring Pressure
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Breadcrumb links BMN Business One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. Article writer: Bloomberg News…
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Mexico will get its first woman president in historic vote By Reuters
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Written by Lizbeth Diaz and Sarah Kenosian MEXICO CITY – Mexican voters waited long hours Sunday to cast their ballots in a historic election that is expected to make the ruling party’s leftist candidate, Claudia Sheinbaum, the country’s first female president. Sheinbaum led in the polls over her main rival,…
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Which Could Be the Better Stock-Split Stock to Buy Now and Hold for the Next 10 Years?
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Two of the most exciting stocks so far in 2024 are Chipotle Mexican Grill (NYSE: CMG) And Nvidia (Nasdaq: NVDA). In fact, both companies are leaders in their industries. However, in addition to strong business performance, these two companies have something else in common that leads to increased buying activity.…
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Binaifer Nowrojee: A lawyer who became first Kenya female to head a global entity
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Binaifer Nworoji, the first woman from the Global South to head the Open Society Foundations, grew up in Nairobi while her father navigated the currents of the legal profession and politics of the time, and captured memories that will last a lifetime. She remembers her bike rides and the games…
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Sir Patrick Vallance Champions Labour’s Accelerated Green Energy Initiative
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In a major endorsement, Sir Patrick Vallance, former chief scientific adviser, expressed his support for Labour’s ambitious green energy plan, urging the pursuit of net zero emissions to be pursued with the same urgency as the development of a Covid-19 vaccine. Vallance, who resigned last year, has backed Sir Keir…
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Turkey Poised to Reach Worst of Inflation With Peak Close to 75%
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Breadcrumb links BMN Business Türkiye hopes it is on the cusp of turning the page on another crisis as inflation rises. Article writer: Bloomberg News Beryl Ackman and Paris Balcy Published on June 02, 2024 • 2 min read You can save this article by registering for free here. Or…
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Israeli startups raised nearly $1.5b in May
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Increased credit in dollars: Shutterstock Israeli company Sightful unveils the Spacetop G1 augmented reality laptop Report: Kenya eyes Rafael Spyder air defense system In the first five months of 2024, privately owned Israeli technology companies raised $4.1 billion. Israeli startups raised nearly $1.5 billion in May 2024, […] The post…
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Donald Trump joins TikTok, rapidly wins a million followers By Reuters
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(Reuters) – Within hours of joining TikTok, Republican presidential candidate Donald Trump attracted 1 million followers on Sunday on the short-video social media platform he tried to ban as president on national security grounds. The decision to join the platform will help the former president reach younger voters in his…
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As the climate heats up, meteorology emerges as the new hot degree on Wall Street
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When Kim Bentzen graduated with a degree in meteorology in the 1990s, the only career path he saw was the National Meteorological Service in Denmark, and going into finance was never on his radar. After five years in the government meteorological service and two stints working in sales at other…
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How Ann Kimunyu overcame anxiety living in the wilderness
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Every evening when Anne Kimonyo came home from work, she would lace up her sneakers and hit the pavement. On dark nights, her feet would rhythmically hit the sidewalks of her house, the sound echoing her inner struggle. It wasn’t a routine she particularly enjoyed, but it was necessary—a way…
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How Ann Kimunyu overcame anxiety living in the wilderness
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Every evening when Anne Kimonyo came home from work, she would lace up her sneakers and hit the pavement. On dark nights, her feet would rhythmically hit the sidewalks of her house, the sound echoing her inner struggle. It wasn’t a routine she particularly enjoyed, but it was necessary—a way…
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Czech Billionaire Plans £400m Overhaul for Royal Mail, Sparking Job Concerns
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Daniel Kretinski, the Czech billionaire preparing to take over Royal Mail, has unveiled a transformative vision for the company, which includes a £400m investment to create a network of drop boxes and delivery lockers across the UK. The move could significantly impact tens of thousands of postal delivery jobs and…
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Bursts of Free Power Raise Red Flags for Green Tech Investors
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Breadcrumb links PMN works Something strange is happening in Europe’s energy markets: prices continue to fall below zero. Article writer: Bloomberg News Lars Poulsson and Eamon Aqeel Farhat Published on June 02, 2024 • 5 minute read You can save this article by registering for free here. Or log in…
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Elbit Systems: Record orders, cash flow still negative
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Defense company Elbit Systems (TASE: ESLT; Nasdaq: ESLT) continues to break records with its order backlog, which totaled NIS 20.4 billion at the end of the first quarter, $2.6 billion (14.6%) more than at the end of 2023, This is $4.6 billion (29%) more than at the end of the…
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South Africa’s potential kingmakers struggle with white image By Reuters
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Written by Joe Bavier and Wendell Rolfe CAPE TOWN (Reuters) – Looking out his window at Cape Town’s False Bay, Nick Serra acknowledges that things are looking up in South Africa’s second-largest city, a stronghold of the opposition Democratic Alliance. But that does not mean he is ready to see…
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Did Amazon Just Say “Checkmate” to Nvidia?
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Much of the current discussion around artificial intelligence (AI) revolves around “Seven greats“Stocks. Over the past 18 months, big tech companies have made a series of headline-grabbing billion-dollar investments in artificial intelligence initiatives. Among the leaders in the Seven Wonders are Nvidia And Amazon (Nasdaq: AMZN). While Nvidia seems to…