Category: News
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Australia’s Telstra to axe up to 2,800 jobs by year-end to cut costs By Reuters
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(Reuters) – Australian telecommunications company Telstra (OTC:) said on Tuesday it would cut up to 2,800 jobs from its direct workforce by the end of this year, as part of its proposed measures to streamline operations and cut costs. Telstra said consultations on 377 of these roles would begin immediately,…
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3 Artificial Intelligence Stocks to Buy Now and Hold for Decades
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Artificial intelligence (AI) is a game-changing technology, but it will take many years, perhaps decades, to change the world. This means there is still time to position your investment portfolio to benefit from AI and reap the benefits of this new technology and its long-term impact. We know that AI…
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Oil prices edge lower, giving up early gains from death of Iran’s president (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images US crude oil futures on Monday failed to maintain the $80 level reached last week, as two US Federal Reserve officials said they had not yet concluded that inflation trends are back to the central bank’s 2% target. Waiting for more signs of declining inflation…
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Where web developers are commanding the biggest salaries
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Over the past two or three decades, web development has been a growing industry, with millions of people able to develop relatively lucrative career paths. The typical web developer in the United States earns $92,750 per year, According to the data From the Bureau of Labor Statistics. Web developers “take…
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Where web developers are commanding the biggest salaries
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Over the past two or three decades, web development has been a growing industry, with millions of people able to develop relatively lucrative career paths. The typical web developer in the United States earns $92,750 per year, According to the data From the Bureau of Labor Statistics. Web developers “take…
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Joseph Kamau appointed as Athi Water Works CEO
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The Cabinet Minister for Water, Sanitation and Irrigation, Zakaria Njiru, has appointed Joseph Mungai Kamau as the CEO of the Athi Water Works Development Agency following the completion of a competitive recruitment process by the state company’s Board of Directors. Mr Kamau takes over from Michael Thwaita who was suspended…
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How automation can help manage your business finances
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There is no doubt that AI adoption is here and perhaps more widespread than you thought. Search from Equals money of UK financial decision makers have found that More than three quarters (77%) It is already actively adopting or experimenting with AI in its operations. So, what role can AI…
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Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’
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Breadcrumb links BMN Business Jamie Dimon has often joked that his retirement will be five years away, no matter when he is asked. But not on Monday. Article writer: Bloomberg News Hannah Levitt Posted on May 20, 2024 • 3 minutes read You can save this article by registering for…
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Rakefet Russak-Aminoach appointed chair of chip co Hailo
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Former Bank Leumi CEO Rakivit Russak-Aminwah has been named president of the semiconductor startup Helloafter serving for four years as a director of the company. Rusak Aminuch, currently a partner at venture capital firm Team8, is not on Hailo’s board as a representative of the company, which is primarily known…
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Dominican Republic’s president-elect Abinader takes tough stand on graft, Haiti By Reuters
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Written by Dave Sherwood (Reuters) – Dominican Republic President Luis Abinader, who is preparing for a second term after winning 58.85 percent in the elections that took place on Sunday, inherited a nightmare scenario when he took office as president for the first time in August 2020. During the COVID-19…
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Target’s price-lowering gambit is seen as a long-term winner. Will retailers follow?
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Joe Raedle/Getty Images News Goal (New York Stock Exchange: TGTIt shook the retail sector on Monday by announcing that it would cut prices on thousands of items in high-frequency categories such as food, beverages and household essentials. The retail giant estimated that the pricing measures would save customers Millions This…
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Ryanair’s shares are up 14% since 2020, while low-cost rival easyJet’s are down 72%—what is CEO Michael O’Leary getting right?
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Ryanair is flying high. Europe’s largest low-cost airline reported a 34% rise in after-tax profits to 1.92 billion euros ($2.09 billion) for the 12 months to March 31. Full-year revenues rose 25% to 13.44 billion euros ($14.65 billion). Although the Dublin-based company’s shares fell in morning trading, Ryanair’s shares significantly…
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Kenya economy edges up to 5.6pc in 2023
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The recovery in the agricultural sector raised economic growth last year to 5.6 percent from 4.9 percent in 2022. The Kenya National Bureau of Statistics (KNBS) released the 2024 Economic Survey on Monday, detailing how different sectors and the labor market are performing. Sector performance The agricultural sector recovered from…
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Kenya economy edges up to 5.6pc in 2023
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The recovery in the agricultural sector raised economic growth last year to 5.6 percent from 4.9 percent in 2022. The Kenya National Bureau of Statistics (KNBS) released the 2024 Economic Survey on Monday, detailing how different sectors and the labor market are performing. Sector performance The agricultural sector recovered from…
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Virgin Aims to Reignite West Coast Rail Competition with New Service Proposal
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Richard Branson’s Virgin Group is planning a return to rail in Britain, proposing up to four new services on the West Coast main line, which it previously operated. Virgin has submitted proposals to run separate train services between London Euston and Manchester and Liverpool, Birmingham and Glasgow Central on an…
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Tesla to Make Job Cuts Through June, Leaving Workers in Limbo
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Breadcrumb links BMN Business One worker likened the company’s situation to “Squid Game,” the TV series in which contestants fight for survival. Article writer: Bloomberg News Kara Carlson and Dana Hall Posted on May 20, 2024 • 4 minutes read You can save this article by registering for free here.…
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Fewer butterflies, more invaders: Nature in retreat in Israel
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The State of Nature in Israel 2023 report, issued by the Steinhardt Museum of Natural History, the Israeli National Center for Biodiversity Studies at Tel Aviv University, the Ministry of Environmental Protection, the Jewish National Fund, and the Israel Nature and Parks Authority, was published yesterday, and it makes for…
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Jefferies starts AZZ Inc. stock with Buy, highlights growth from reshoring and infrastructure By Investing.com
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On Monday, Jefferies initiated coverage on NYSE:AZZ (NYSE:), AZ Company . stock, with a Buy rating and a price target of $105.00. The company highlighted the position of AZZ Inc. As the leading independent supplier of metallic coatings in North America, it believes it is well positioned to capitalize on…
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Minnesota lawmakers approve minimum pay deal for Uber, Lyft drivers (NASDAQ:LYFT)
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Hispanic/E+ via Getty Images Minnesota lawmakers have reportedly struck a deal with Uber (New York Stock Exchange: Uber) and Lyft (Nasdaq: Lyft) to set minimum wage standards for drivers, which is expected to prevent ride-sharing companies from leaving the market. Uber (UBER) and Lyft (LYFT) have threatened to do so…