Category: News
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Forexlive Americas FX news wrap 7 May: The USD is the strongest of the major currencies.
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The American session was devoid of any American data today. The only economic report was the Ivey PMI from Canada, which came in stronger than expected. Despite the gains, the Canadian dollar weakened and was one of the weakest major currencies. Today the US dollar was the strongest among the…
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Second Revised Announcement Regarding Application for Management Cease Trade Order
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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 07, 2024 • 7 minute…
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Israeli cloud security co Wiz raises $1b at $12b valuation
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Israeli cloud security company Wiz The company announced the completion of a $1 billion financing round at a company valuation of $12 billion. This brings the total amount raised by the company to $1.9 billion. The latest round is led by Andreessen Horowitz, Lightspeed Venture Partners, and Thrive Capital, with…
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Rapper Drake’s Toronto mansion guard wounded in overnight shooting By Reuters
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By Ismail Shakil OTTAWA (Reuters) – A security guard was seriously injured in a shooting at Canadian rapper Drake’s mansion in Toronto early Tuesday, police said, without confirming whether the five-time Grammy Award-winning singer was in the home during the incident. Police said the shooting occurred around 2 a.m. (0600…
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US Healthcare Landlord Medical Properties Trust’s Largest Tenant Steward Health Goes Bankrupt, Sparks Regulatory Concerns
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US Healthcare Landlord, Largest Tenant of Medical Properties, Largest Tenant, Host Health, Goes Bankrupt, Raising Regulatory Concerns Trust Company for Medical Properties (NYSE:MPW) lessee Steward Healthcare It fell into Chapter 11 bankruptcy, posing significant financial risks to hospitals in eight states. State regulators, concerned about the precarious situation, have stepped…
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FDIC investigation finds sexual discrimination, harassment at bank regulator – reports
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Alex Wong/Getty Images News An investigation by a law firm found that sexual harassment, bullying and discrimination had been ingrained at the Federal Deposit Insurance Corporation for years, and the report questioned Chairman Martin Gruenberg’s leadership of the regulator, according to media reports. The report is expected to be released…
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Spirit Airlines CEO is still salty after its failed JetBlue merger, calls the airline industry a ‘rigged game’—‘American consumers are the long-term losers’
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Spirit Airlines’ bid to make it into the big leagues of the U.S. aviation sector — a proposed $3.8 billion takeover from JetBlue that Spirit says would have made it more competitive with industry leaders like Delta and United — collapsed in March after it faced a Department of Defense…
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Pinewood Beach Resort appeals to block KCB takeover
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The owner of Pinewood Beach Resort and Spa has moved to the Court of Appeal to prevent a reception manager appointed by KCB Bank from taking over the establishment in Kwale. In an application dated May 3, ITCO Investments Ltd, which runs the hotel, said there was a real risk…
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This Salad at The Chopped Leaf is Berry, Berry Good for You!
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on May 7, 2024 • 3 minutes…
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Israeli insurtech co Honeycomb raises $36m
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Israeli American Digital Insurance Company Beehive Today it announced that it has raised $36 million in a Series B funding round led by Zeev Ventures, with participation from new investors Arkin Holdings and Launchbay Capital. Existing investors Ibex Investors, Phoenix Insurance and IT-Farm also participated in the round. This brings…
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Disney posts surprise profit in streaming, raises earnings forecast
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Written by Lisa Richwine LOS ANGELES (Reuters) – Walt Disney’s streaming entertainment unit reported its first earnings on Tuesday, two quarters ahead of schedule, and the media company raised its annual earnings per share forecast, as it said its turnaround efforts were paying off. The company’s shares fell 1.4% in…
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Commodity Roundup: Gold eases as steady dollar dampens appeal, oil prices mixed
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Bright stars Precious metals fell on Tuesday, with gold trading around $2,315.12 an ounce, as a stable US dollar made bullion less expensive for foreign buyers, while investors awaited more clues on when the Federal Reserve will deliver its first interest rate cut. After the US central bank signaled last…
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NCAA college athletes are closer than ever to getting paid.
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No final agreement has been reached, and many questions remain unanswered. It’s also unclear whether the new rules can withstand further legal scrutiny, but college sports appear to be headed down a revolutionary path with at least some schools paying athletes directly to participate. Here’s what’s known and what remains…
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Relief for workers as firms signal end to pay raise freeze
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Kenya’s private sector payrolls showed signs of growth in April after months of stagnation, indicating increased employment and a positive outlook for future demand for goods and services amid growing concerns about devastating floods. The results of Stanbic Bank Kenya’s Purchasing Managers’ Index (PMI) survey showed that spending on workers’…
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Strategies for Enhancing Leadership and Promoting Growth
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In the field of organizational development, the emergence of a no-blame culture has been a transformative approach toward enhancing leadership and growth. It is an environment in which the focus shifts from finding mistakes to developing collective responsibility for continuous improvement. The philosophical foundation of a no-blame culture is the…
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RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High
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Breadcrumb links BMN Business Australia’s central bank kept interest rates at their highest level in 12 years in a move that was widely expected, maintaining a neutral stance that surprised markets and sent the currency lower. Article writer: Bloomberg News Swati Pandey Published on May 7, 2024 • 3 minutes…
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22% of new cars sold in Israel are Chinese
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Relations between Israel and China have deteriorated in recent months. China’s state media has adopted an unsympathetic tone toward Israel, and Chinese government spokesmen are strongly critical of Israel’s actions. There is a worrying security rapprochement between China and Iran, which was reflected in the meeting between the defense ministers…
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How Modi’s BJP plans to win a supermajority in India’s election By Reuters
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Written by Rupam Jain and Tora Agarwala BARPETA/THIRUVANANTHPURAM, India (Reuters) – As voting begins in India’s six-week general election, Narendra Modi’s image adorns everything from rice packets distributed to the poor to large posters in cities and towns. His Bharatiya Janata Party is counting on the Prime Minister’s popularity as…
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Buy stocks in May because inflation is set to plunge through the rest of 2024, Fundstrat’s Tom Lee says
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Photo by Cindy Ord/Getty Images for Yahoo The stock market is offering a buying opportunity this month, according to Fundstrat’s Tom Lee. This is because inflation is expected to fall “significantly” over the rest of the year, Lee predicted. He pointed to the lag in the consumer price index, with…
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Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil recovered part of the heavy losses incurred last week, with the Middle East risk premium returning to the market as Israel prepares to launch a military attack on the city of Rafah, located in the far south of the Gaza Strip, where hundreds…