Category: News
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How April CPI inflation data may influence the Fed’s rate path decision (DXY)
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With inflation remaining hotter than desired in the first quarter of 2024, the Fed’s first expected interest rate cut in more than four years continues to push through later in the calendar, with some wondering whether the central bank will lower its benchmark. Standard rate at all this year. Investors…
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Millennials wanted a dream tech job. Gen Z wants stability
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This month, the era of highly desirable tech jobs will graduate alongside the Class of 2024. These software engineer roles were the makings of millennial dreams, representing a more relaxed or fun style of work as well as a path toward financial stability and comfort. . But the other shoe…
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Court orders KRA to refund Sh54m to Nakumatt supplier Hotpoint
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The Kenya Revenue Authority (KRA) has ordered the return of over Sh54 million to home appliance and electronics company Hotpoint over bad debts arising from goods delivered to retail giant Nakumatt. The Tax Appeals Tribunal has criticized the Local Tax Commissioner for not allowing the Sh54.8 million value added tax…
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UK Economy Surges Ahead as GDP Growth Outpaces Expectations
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The UK economy is poised for accelerated growth this year, with analysts revising their GDP forecasts upwards following a strong first-quarter performance that saw GDP expand by 0.6%, representing the fastest growth in nearly three years. Investment banks and advisory firms in the city responded positively to the data, indicating…
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ROCKWOOL enrols India, China, and Slovenia in Rockcycle programme
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Article content ROCKWOOL’s take-back program, Rockcycle, facilitates closed-loop recycling and is now available in 21 countries around the world – including North America, Europe and Asia. HEDHOUSEN, Denmark, May 13, 2024 (GLOBE NEWSWIRE) — Construction and demolition waste represents 30 percent of all waste produced globally, and more than 35…
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Gil Shwed to sell Check Point shares worth $200m
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For a long time, Check Point (Nasdaq: CHKP) CEO Gil Schwed received neither salary (exceeding minimum wage), nor bonus, but only options allocations, at his request. The goal is to create alignment between Schwed’s compensation and the interests of other shareholders. If the stock price rises, both sides benefit. An…
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Kaltura reports growth and positive EBITDA in Q1 2024 By Investing.com
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Kaltura, Inc. (NASDAQ: KLTR), a leading video cloud platform, has announced its first quarter results for 2024, demonstrating financial resilience with a 3% increase in total revenue to $44.8 million and a 2% rise in subscription revenue to $41.2 million. The company achieved a positive adjusted EBITDA of $0.6 million,…
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2 Supercharged Dividend Stocks to Buy and Hold for Years
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Dividend stocks can be a great addition to your portfolio for investors of all preferences and risk tolerance levels. You can find dividend paying stocks across multiple different sectors. While a high yield may be the first thing that catches your eye, it’s important to look beyond this metric. Dividend…
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Squarespace to go private in $6.9B all-cash deal with Permira, shares climb (NYSE:SQSP)
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square area (New York Stock Exchange: SKXP) said Monday it has entered into a definitive agreement with private equity firm Permira, going private in an all-cash deal valued at about $6.9 billion, building out the website and hosting company. Shares rise 13% In early trade. Under conditions Agreement, Squarespace (SQSP)…
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Equity Group net profit rises by a quarter in Q1 to Sh15bn
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Equity Group Holdings reported a 25.1 percent growth in net profit for the first three months to March to Sh15.3 billion from Sh12.3 billion in the corresponding period a year earlier. The increase in profits is due to the increase in income during this period, as the bank grew its…
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Ex-offenders “neglected” in the workplace due to lack of digital skills, warns Digital Poverty Alliance
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With current high reoffending rates, prison leavers face neglect when seeking to reintegrate into society due to insufficient digital skills, according to the Digital Poverty Alliance (DPA). Government statistics It reveals that the recidivism rate is currently 26 per cent, and has increased since 2021. The DPA believes that schemes…
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On Independence Day eve Israel’s population reaches 9.9m
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The population has grown by 1.9% or 189,000 since the last Independence Day, the Central Bureau of Statistics reports. Israel’s population reached 9.9 million on the eve of Israel’s 76th Independence Day, the Central Bureau of Statistics reported. The population has grown by 1.9% or 189,000 since the last Independence…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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(Bloomberg) — Asian stocks pared earlier losses as reports of a planned long-term Chinese bond sale fueled optimism that the money raised will boost the economy. Most read from Bloomberg Hong Kong’s stock index rose to its highest level since August following the news, while mainland-listed stocks trimmed declines. China’s…
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Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%
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President Joe Biden will double tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said. Biden will raise or add tariffs in key sectors after nearly two years of review. The total…
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Local online taxi, food delivery platforms to pay digital tax
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A 1.5% digital services tax will be imposed on local platforms offering online jobs, rental, food delivery and ride-hailing services, if Parliament approves a proposed revenue-raising proposal by the National Treasury. In the Finance Bill 2024, National Treasurer Njuguna Ndongo proposed amendments to extend the digital service tax to platforms…
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How The Rise In Cash Offers Are Shaping the House Buyer Property Market
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Imagine you’ve found your dream home, spent days searching for the perfect mortgage, and just as you’re about to make an offer, a buyer comes along and buys the property for cash. This scenario is becoming increasingly common in the real estate market, relegating traditional buyers to the sidelines. Although…
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Nvidia Rivals Gold as Shield Against Inflation, Survey Shows
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Breadcrumb links BMN Business The yen has lost its status as a haven currency Article writer: Bloomberg News Edward Harrison Posted on May 12, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. egg8c07r0)l}9ba8)tpi(c7i_media_dl_1.png Bloomberg MLIV…