Category: News
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IFS Warns of Tight Fiscal Constraints for Next Government
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Britain’s fragile public finances will cast a pall over the general election campaign, with both Rishi Sunak and Sir Keir Starmer warning of looming fiscal challenges by a leading economic think tank. The Institute for Fiscal Studies (IFS) warns that the economy faces the “worst of both worlds” – lower…
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Closing the fiscal gap: Higher VAT, lower net pay
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Work on the 2025 budget is progressing well, although there is still time before it is approved by the Knesset. This time, budget preparation will be particularly complicated, because of the war, the fiscal deficit, and the measures that taxpayers will have to bear. Specialists in the Ministry of Finance…
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Rapper Nicki Minaj cancels show in England after being held at Amsterdam airport By Reuters
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AMSTERDAM (Reuters) – American rapper Nicki Minaj on Saturday canceled a concert in Manchester, England, after she said police detained her at Amsterdam Schiphol Airport over allegations of possession of soft drugs. “Despite Nicki’s best efforts to explore every possible avenue to make tonight’s show happen, today’s events have made…
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1 Top Cryptocurrency Will Soar 116%, According to Standard Chartered. Is It a Buy?
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This is what analysts from one of the major British banks say Ethereum (Crypto: ETH) It should double between now and the end of 2024. Is this prediction reasonable? Standard Chartered’s bullish analysis for Ethereum Jeff Kendrick, Head of Emerging Markets Cryptocurrency and Forex Research at Standard Chartered (OTC: SCBF.F)suspended…
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Retailers on one side and Nvidia on the other – Earnings Scorecard
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Half the spotlight this week was shared with retailers on one side, and then there was Nvidia (NVDA), the market driver, on the other. Let’s quickly recap some of the important findings reported this week in the aftermath First quarter earnings season. Fifteen companies included in the Standard & Poor’s…
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AI displacing 50% of jobs by 2027 is ‘uncannily accurate’: Kai-Fu Lee
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Years before OpenAI’s ChatGPT showed the world what generative AI technology could do, venture capitalist Kai-Fu Lee saw the enormous potential of AI in the business market. The Chairman and CEO of Sinovation Ventures predicted in 2017 that AI will be greater than all of humanity’s previous technological revolutions combined,…
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Kenyans ditch WhatsApp after crackdown on clone apps
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Thousands of Kenyans have stopped using popular instant messaging app WhatsApp following a crackdown on cloned apps, allowing Facebook to be the most used social media platform in the three months to March. Latest data from the Communications Authority of Kenya (CA) reveals that WhatsApp usage fell by 0.3 percent…
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Ofcom Investigates Royal Mail for Missing Delivery Targets
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Royal Mail is under investigation by Ofcom after failing to meet delivery targets, with less than three-quarters of first class mail delivered on time last year. According to Royal Mail’s parent company, International Distribution Services (IDS), only 74.5% of first class mail meets one business day delivery requirements. Ofcom regulations…
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Inflation, high living costs push seniors to riskier investments
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Breadcrumb links Investor Fixed-income investments have long been an attractive option for an aging population, but with rates falling, there is a growing appetite for risk. Posted on May 25, 2024 • Last updated 43 minutes ago • 3 minutes read You can save this article by registering for free…
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The scout who learned to look for the quiet ones
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“The collaboration we create is key to our company’s success,” said Dr. Avi Spear, executive director of business development and licensing at Novartis, speaking at the Novartis-Israel Health Innovation Meeting. As part of his responsibilities, Speer explores Novartis’ next investments. As he puts it, he mainly focuses on the way…
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Italian banks must quit Russia, ECB’s Panetta says By Reuters
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Written by Giuseppe Fonte and Valentina Za STRESA, Italy (Reuters) – Italian banks should halt their activities in Russia because staying in the country also brings a “reputation problem,” European Central Bank policymaker Fabio Panetta said on Saturday. After Austria’s Raiffeisen Bank International, UniCredit is the European bank with the…
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Italian banks must quit Russia, ECB’s Panetta says By Reuters
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Written by Giuseppe Fonte and Valentina Za STRESA, Italy (Reuters) – Italian banks should halt their activities in Russia because staying in the country also brings a “reputation problem,” European Central Bank policymaker Fabio Panetta said on Saturday. After Austria’s Raiffeisen Bank International, UniCredit is the European bank with the…
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2 Magnificent Stocks That Have Created Many Millionaires, and Will Continue to Make More
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the Nasdaq Composite The index has risen by about 118% over the past five years despite the Covid-19 pandemic and the economic downturn in 2022. This figure shows how profitable it is to invest in some companies and hold them even in bad market conditions. Therefore, it is not a…
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Carrefour loses appeal in abuse of buyer power case
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The Supreme Court has upheld a decision convicting retailer Majid Al Futtaim Hypermarkets Limited, operating under the name Carrefour, of abuse of buyer power. Judge Anne Onjejo ruled that the retail chain’s conduct against its supplier Orchards Ltd, a yoghurt producer (which has since gone out of business), was exploitative.…
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British ISA Plans in Limbo Following Sunak’s Election Call
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The government’s major initiatives to reform the city, including the launch of the UK ISA and the Pisces private market, are facing uncertainty following Prime Minister Rishi Sunak’s decision to hold a snap election in July. Over the past two years, ministers have sought major changes to city policy, but…
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How Sunak’s Small Circle Forged Vote Plan That Shocked Cabinet
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Breadcrumb links PMN works Rishi Sunak gave his senior ministers just over an hour’s notice of what he was about to tell the country, and had already told King Charles III that he had decided to call a snap UK general election on 4 July. Article writer: Bloomberg News Alex…
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Startup Nation Central data reveal the opportunities
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“Since 7.10, we have seen the Israeli high-tech industry still delivering the goods,” declared Eliran Elimelich, Vice President of Ecosystem Development at Startup Nation Central (SNC), speaking at the Novartis Healthcare Innovation Conference, underscoring the position of local biotech companies. “Since the beginning of the war, $2.5 billion has been…