Category: News
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April mortgage taking shows continuing recovery
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Taking out a mortgage in April 2024 was 28% higher than it was in April 2023. There was a relatively high amount of mortgage take-up in April when the public took out loans worth NIS 5.91 billion despite the eight-day Easter holiday reducing the number of working days last month.…
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This Artificial Intelligence (AI) Cloud Stock Will Join Microsoft, Alphabet, and Amazon in the $1 Trillion Club
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Right now, there are only seven companies in the world that have scale Market value In excess of $1 trillion. These companies are ranked from largest to smallest Microsoft, apple, Nvidia, the alphabet, Amazon, Saudi Arabian OilAnd Meta platforms. The obvious theme here is that most of these companies operate…
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BofA’s pain trades for bulls and bears
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Photos by Tom Merton/OJO via Getty Images With everyone leaning in one direction, markets have a way of presenting the unexpected. These shifts, known as painful trades, which have left a large group of investors sitting still, were the focus of the latest streaming offering memo from BofA Securities. Strategist…
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Helb faces Sh3.7bn budget cut
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The Treasury has proposed cutting the Higher Education Loans Board (Helb) budget by Sh3.7 billion in the financial year starting July, which could affect thousands of loan beneficiaries. The Treasury is seeking to allocate Sh33.3 billion to HELP to fund thousands of needy students in universities and colleges in the…
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Nadhim Zahawi confirms he paid nearly £5m for tax error
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Former chancellor Nadhim Zahawi has confirmed to the BBC that he has paid nearly £5 million to the authorities to settle his tax affairs. The settlement was related to an investigation by HMRC into the allocation of shares in YouGov, the opinion polling company he founded before becoming an MP.…
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Biden’s Solar Factory Boom Slows as Cheap Imports Flood Market
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Breadcrumb links BMN Business The inflation cap law helped spur solar manufacturing in the United States, but after less than two years, there are signs that the boom is fading. Article writer: Bloomberg News Jennifer Dlouhy Posted on May 12, 2024 • 4 minutes read You can save this article…
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New home sales in Israel up 21% in Q1
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According to the Central Bureau of Statistics, 23,250 new homes were sold in the first quarter of 2024. Israel’s housing market has set back five years in terms of the number of new homes sold but at 40% higher prices, according to figures published by the Central Bureau of Statistics…
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Amazon to announce new 1.2 billion euros investment in France By Reuters
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Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some or all of your investment amount, and may not be suitable for all investors. Cryptocurrency prices are highly volatile and may be affected by external factors such as financial, regulatory or political events.…
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TripAdvisor takes itself off the market leaving analysts split on company’s fate (TRIP)
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It’s been a tough week for TripAdvisor (Nasdaq: Journey) which declined at Friday’s close by more than 30% from last week, as first-quarter results were affected by the company’s decision to withdraw from the takeover dispute. Disappointed investors were bailed out of shares, wiping out all the gains made when…
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Viking founder Torstein Hagen on the luxury cruise line specifically for baby boomers
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Veteran cruise participant Julia Wilcox, at just 24 years old, is accustomed to having her inbox flooded with promotional emails from cruise lines courting loyal customers. But Wilcox, who blogs about her cruise experiences On TikToksaid one cruise line takes a more personal approach to its marketing: Two or three…
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Reversal fears drive uptake of Pochi La Biashara service
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Fears of a reversal by small businesses such as matatu and boda boda operators have led to increased adoption of Safaricom’s Pochi La Biashara system, with the number of farmers doubling to 632,681 by the end of March this year. In the same period last year, there were 292,634 Pochi…
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Used car darling Cazoo on brink of insolvency
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Cazoo, the used car company founded by Alex Chesterman, is facing the possibility of administration as it struggles to secure emergency funding to address its significant losses. The company has applied for protection from its creditors, and is seeking ten days of protection from creditor claims while it explores options…
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Schools turn to artificial intelligence to spot guns as companies press lawmakers for state funds
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Breadcrumb links BMN Business Article writer: Associated Press David A. Lieb and John Hanna Posted on May 12, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content TOPEKA, Kan. (AP) — Kansas could soon…
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UK mountaineer logs most Everest climbs by a foreigner, Nepali makes 29th ascent By Reuters
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Written by Gopal Sharma KATHMANDU (Reuters) – A British climber and a Nepalese guide have broken their own records for most ascents of Mount Everest, the world’s highest mountain, hiking officials said on Sunday. Rakesh Gurung, director of the Nepalese Ministry of Tourism, said that Briton Kenton Cole (50 years…
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China to Nurture Stock Rally by Masking Live Foreign Flows Data
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(Bloomberg) — China is set to stop live broadcasts of foreign stock flows as early as Monday, the latest policy move to boost confidence by removing a potential source of negative data. Most read from Bloomberg The Shanghai and Shenzhen stock exchanges plan to stop displaying real-time figures on domestic…
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I’m not getting a smart meter
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Nigel Farage has responded to British Gas CEO demands that smart meters be mandatory in the UK by saying he would never get one and saying many people who do are being bullied. Farage also noted that the reason many UK households do not have such facilities is because they…
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High Arctic Announces Reorganization to Create Two Energy Services Companies, Return of Capital to Shareholders, and Annual General and Special Meeting of Shareholders
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 11, 2024 • 12 minute…