Category: News
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Kenyan investors to partly fund Sh472bn US backed toll road
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Local private investors will be given the opportunity to co-finance the $3.6 billion (Sh472.9 billion) highway from Mombasa to Nairobi after the Kenya National Highways Authority (Kenha) and US-based private equity firm Everstrong Capital LLC signed a deal to establish the start-up. In construction of toll road. The construction of…
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HSBC Fined £6.2 Million for Mishandling Customers in Financial Difficulty
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HSBC has been fined £6.2 million by the UK Financial Conduct Authority (FCA) for failing to properly support customers in arrears or financial difficulties. The financial watchdog highlighted that deficiencies in HSBC’s policies, procedures and staff training led to “disproportionate action” against defaulters, exacerbating their financial problems. Between June 2017…
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‘Green blitz’: As election nears, Biden pushes slew of rules on environment, other priorities
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Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Matthew Daly Published May 24, 2024 • 7 minute read You can save this article by registering for free here. Or sign-in if you have an account. Article content WASHINGTON (AP) — As he tries to secure his…
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We want to be a bridge between Israel and the world
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In Israel, Novartis is focusing on marketing and clinical trials, but the country’s president, Elad Maron, says: “We know we can do more. We want to leave our mark outside of Israel.” “Novartis is one of the leaders in its field in Israel. It provides treatment to about 650,000 people…
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PlayFi Announces Exclusive Node License Presale on Polygon PoS Network to Empower Gaming Innovation By Chainwire
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New York City, New York, May 24, 2024, Chainwire PlayFi, an AI and blockchain-powered data network specifically designed for the gaming industry, today announced its plan to hold an exclusive node license pre-sale on the Polygon PoS network. Publishing the sale on the Polygon network marks PlayFi’s entry into the…
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A global labor shortage will send tech stocks soaring, with the sector poised to grow to 50% of the total stock market, Fundstrat says
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Cindy Ord/Getty Images A global labor shortage of about 80 million workers will send technology stocks heading parabolic, according to Fundstrat’s Tom Lee. The technology sector will eventually make up 50% of the S&P 500, Lee said Wednesday. “I believe AI is already addressing the global labor shortage of about…
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Netlist wins $445M jury verdict against Micron over patent (OTCQB:NLST)
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Editorial vzphotos/iStock via Getty Images Netlist (OTCQB:NLST) has been awarded a $445 million verdict by a jury in an ongoing patent dispute with Micron (Nasdaq: Mo). A jury in an Eastern District Court in Texas returned a $445 million verdict on Thursday, according to a court filing. The ruling was…
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HPV vaccines prevent cancer in men as well as women, but fewer boys are getting the shots, new research suggests
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New research suggests that the HPV vaccine prevents cancer in men, as well as in women, but fewer boys than girls get vaccinated in the United States. The HPV vaccine was developed to prevent cervical cancer in women, and experts give credit to it, along with screening. Reducing cervical cancer…
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Once a giant, manufacturing now trails financial sector in Kenya GDP share
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In the 1980s, manufacturing in Kenya was so big that Daniel arap Moi’s government dared to join the car manufacturers’ league by commissioning the building of its own car. The plan failed because the exotic car, the Nyayo Pioneer, could barely move a kilometre, but the dream of building the…
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From C-Suite to Entrepreneur: Jeannette Linfoot’s Journey
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In 2018, Janet Linfoot made the bold decision to step down as CEO of Saga to build her own multi-million pound portfolio. Here, she shares with us her motivations, the lessons she has carried into her entrepreneurial ventures, and her views on the future economic landscape. Transition to entrepreneurship Why…
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Oil Executives Fuel Trump’s $40 Million Texas Fundraising Haul
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Breadcrumb links BMN Business Donald Trump raised $40 million from oil executives and other big-money donors in Texas, marking one of the most profitable days Wednesday for the presumptive Republican nominee as he seeks to close a fundraising gap with President Joe Biden. Article writer: Bloomberg News Mitchell Fairman and…
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Mizrahi Tefahot posts NIS 1.27b profit, declares maximum dividend
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Mizrahi-Tefahot Bank released its first-quarter financials today, reporting a net profit of NIS 1.27 billion, 6.9% less than in the corresponding quarter of 2023, but 21% more than in the previous quarter, which was an unusually bad quarter. For all banks after the outbreak of war. The bank’s annual return…
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Blackrock’s IBIT set to outpace Grayscale as top bitcoin fund By Investing.com
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JP Morgan provided an analysis of the ownership structure of spot Bitcoin ETFs, revealing that institutional ownership is around 13% based on recent 13F filings for Q1 2023. Factoring in additional institutional investors not required to apply, such as junior managers and some investment advisors, the institutional ownership estimate rises…
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Boeing Shares Decline After CFO Walks Back 2024 Cash-Flow Target
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(Bloomberg) — Boeing Co. scrapped a plan to generate cash again this year and said it would suffer another big influx in the current quarter as the beleaguered planemaker fights on multiple fronts to bring production back into the system and ramp up deliveries. Most read from Bloomberg Brian West,…
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Boeing Shares Decline After CFO Walks Back 2024 Cash-Flow Target
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(Bloomberg) — Boeing Co. scrapped a plan to generate cash again this year and said it would suffer another big influx in the current quarter as the beleaguered planemaker fights on multiple fronts to bring production back into the system and ramp up deliveries. Most read from Bloomberg Brian West,…
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Venice’s ‘tourist tax’, labeled a ‘miserable failure,’ might not break even this year
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Faced with the risk of sinking and an economy crowding out local residents, Venice last month launched a measure that was as ambitious as it was controversial: a so-called “tourism tax” on day trippers. But after a few weeks, the floating city has done little to prove that it has…
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Missing Kenyan Climber Cheruiyot Kirui found dead on Mount Everest
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A daring mission by a Kenyan hiker to climb Mount Everest, the world’s tallest mountain, has ended in death. Mr Cheruiyot Kirui, an accomplished climber who has summited Mount Kenya more than 10 times, disappeared above 8,000m on Mount Everest on Wednesday. He was found dead in Mount Everest’s “death…
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CMA Considers Capping Vet Prescription Fees Amid Sector Probe
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The UK Competition and Markets Authority (CMA) is considering capping veterinary prescription fees as it digs deeper into the sector to address concerns that pet owners are being overcharged for treatment. The CMA’s formal investigation comes after it received 56,000 responses from pet owners, vets and charities following a review…
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WestJet’s Sunwing deal adds more flights to Latin America, Caribbean
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Article content Canadian travel company WestJet Airlines Ltd. plans to… To increase its presence in Latin America and the Caribbean and offer aircraft with larger seats after purchasing a competitor. WestJet, owned by private equity firm Onex Corp., completed the acquisition last year of low-cost carrier Sunwing Airlines and Sunwing…