Category: News
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Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs data
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Breadcrumb links BMN Business Article writer: Associated Press Zimo Zhong Published on May 6, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content Most Asian stocks rose on Monday after Wall Street ended last…
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Azerbaijani oil continues flowing to Israel via Turkey
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Türkiye has not yet stopped loading oil tankers in the port of Ceyhan heading to Israel, according to Israeli sources. Azerbaijan is an important supplier of oil to Israel, via the Baku-Tbilisi-Ceyhan (BTC) pipeline, at the end of which the oil is loaded onto tankers that transport it to Haifa.…
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Rates to remain steady, but hawkish tilt likely amid sticky inflation By Investing.com
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Investing.com — The Reserve Bank of Australia is widely expected to keep interest rates steady on Tuesday, although investors were cautious about the bank taking a hawkish stance amid signs of steady inflation. The Reserve Bank of Australia is widely expected to keep interest rates at 4.35%, leaving them unchanged…
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How Nvidia is dominating an AI-obsessed earnings season without even reporting yet
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Andrecraf/iStock, Michael M. James/Getty, Tyler Low/PI Nvidia is dominating earnings season, and has yet to report results. Other big tech giants have mentioned on earnings calls that they are ramping up investment in AI infrastructure. Nvidia It offers the popular H100 GPU chip used by many companies, and is specifically…
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Perficient Inc. to be acquired by EQT for about $3B
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Greenbutterfly/iStock via Getty Images Perfect Technology Consulting Company (Nasdaq:pervt) on its sale to private equity firm EQT AB for approximately $3 billion. An affiliate of private equity fund BPEA VIII (EQT Asia), which is part of EQT AB, has agreed to acquire Perficient (PRFT).) for $76 per share in cash,…
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Nearly all stablecoin transactions are from bots and large-scale traders, study says
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More than 90% of stablecoin transaction volumes do not come from real users, according to a new metric co-developed by Visa Inc, suggesting that such cryptocurrency tokens may be a long way from becoming a commonly used means of payment. The dashboard from Visa and Allium Labs is designed to…
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What digital platforms should do to uphold consumer rights, welfare
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A recent study on digital platforms in Kenya revealed that only 16% of consumers of food and grocery delivery platforms in Nairobi and Mombasa complained about unsatisfactory service. Of the complaints raised in the study conducted by the Competition Authority of Kenya (CAK), 60 percent were not attended by the…
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UK Export Finance Vows Fivefold Rise in SME Support
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UK Export Finance, the government’s trade finance arm, has committed to significantly expanding the number of businesses it supports by 2029, with a particular focus on small and medium-sized businesses, especially those led by women. The Export Credit Agency, which provides insurance cover on foreign contracts and guarantees on export-related…
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Global Housing Shortages Are Crushing Immigration-Fueled Growth
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Breadcrumb Trail Links PMN Business Households go backwards in 13 developed economies as record immigration runs into a housing crisis. Author of the article: Bloomberg News Randy Thanthong-Knight, Swati Pandey and Tom Rees Published May 05, 2024 • 11 minute read You can save this article by registering for free here.…
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Alcon to buy Israeli glaucoma treatment co Belkin Vision
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The Swiss-American ophthalmology company will pay $60 million immediately and up to $335 million with milestone payments to the company, BioLight reports. Swiss-American ophthalmology company Alcon (SWX: ALC) is acquiring an Israeli glaucoma treatment company Belkin’s vision With an amount of up to $335 million. The acquisition was reported by…
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Los Angeles police clear USC pro-Palestinian encampment, make no arrests By Reuters
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Written by Rich McKay (Reuters) – Los Angeles police made no arrests on Sunday while clearing a pro-Palestinian encampment at the University of Southern California, following arrests and unrest at universities across the United States over the war between Israel and Hamas. Various American universities, where graduation ceremonies were held…
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3 AI Stocks That Have More Upside Than Nvidia, According to Wall Street
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Nvidia It has undoubtedly been the most owned artificial intelligence (AI) stock over the past year and a half. Since the start of 2023, the chipmaker’s shares have risen a staggering 500%. Not many stocks generate these types of returns over a period of time a contract Or even longer,…
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United, American agree to $8.5B upgrade to Chicago O’Hare Airport
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Grovib Years after it was first announced, a major construction project at Chicago O’Hare Airport is now underway following plan agreements secured by the airport’s two main carriers, United Airlines (Nasdaq: UAL) and American Airlines (NASDAQ:AL). Station area The project, which was first announced in 2018, includes the construction of…
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Chinese President Xi Jinping begins charm offensive in Europe amid growing uncertainty about future U.S. support for allies
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Chinese President Xi Jinping has embarked on a three-country trip Trip to Europe Sunday with the continent divided over how to deal with Beijing’s growing power and the rivalry between the United States and China. European automakers are losing ground Supported Chinese electric cars. Diplomats are worried Alleged Chinese spies…
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Rita Kavashe: Isuzu East Africa Managing Director on the growth of the vehicle leasing market
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Isuzu East Africa has seen a growing preference for leasing cars rather than buying. the The daily business I spoke to Isuzu Managing Director, Rita Kavashi, about what is driving this and what the market looks like against the backdrop of a weak shilling and rising interest rates. Car rental…
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To be culturally relevant, you need to be in culture
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Steve Jobs has been quoted many times on many topics. One of his most interesting analyzes concerned Microsoft He said Microsoft (which at the time was many times the size and value of Apple) might have been very successful, but it had no flair. He went on to say that…
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Average monthly wage in Israel exceeds NIS 14,000
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Preliminary figures for March 2024 show that the average monthly wage reached NIS 14,108, an increase of 3.5% from March 2023, according to Central Bureau of Statistics reports. Preliminary figures for March 2024 show that the average monthly wage reached NIS 14,108, an increase of 3.5% from March 2023, according…
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Factbox-Details of the humanitarian crisis in Gaza By Reuters
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(Reuters) – The Gaza Strip has been suffering from an ongoing humanitarian catastrophe for nearly seven months since Israel launched a devastating offensive in response to the Hamas-led attacks on October 7 that killed 1,200 people in Israel. More than 34,600 people were killed in the Israeli offensive that destroyed…
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Is It Time to Buy April’s Worst-Performing Dow Jones Stocks?
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Last month wasn’t great for the overall stock market, but it was very bad for a few blue-chip stocks. Most investors realize that big declines can be buying opportunities, but they should also recognize when jumping into a distressed stock is a bad idea. The current weakness of stocks may…
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Gen Z are shunning college to launch trade businesses and take apprenticeships
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Chase Gallagher was 12 years old when he started mowing his neighbor’s lawn for $35 apiece. At first, he had just two clients, but after some aggressive postings — with the help of his mother — he had 10 clients a week the following year. Now 23, he is part…