Category: News
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Shoe Zone highlights recent budget pressures as it prepares to close more stores
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Shoe Zone, the beleaguered UK shoe retailer, blamed a new wave of store closures on cost pressures caused by budget measures in October. The Leicester-headquartered chain, which currently employs around 2,250 staff across 297 stores, said new financial burdens – particularly higher National Insurance contributions and an increase in the…
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Shoe Zone highlights recent budget pressures as it prepares to close more stores
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Shoe Zone, the beleaguered UK shoe retailer, blamed a new wave of store closures on cost pressures caused by budget measures in October. The Leicester-headquartered chain, which currently employs around 2,250 staff across 297 stores, said new financial burdens – particularly higher National Insurance contributions and an increase in the…
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Shoe Zone highlights recent budget pressures as it prepares to close more stores
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Shoe Zone, the beleaguered UK shoe retailer, blamed a new wave of store closures on cost pressures caused by budget measures in October. The Leicester-headquartered chain, which currently employs around 2,250 staff across 297 stores, said new financial burdens – particularly higher National Insurance contributions and an increase in the…
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Mergers make Matrix one of Israel’s biggest employers
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After recent mergers, an Israeli IT services and consulting company Matrix (TSX:MTRX) has become one of the largest employers in Israel with 12,500 employees, including 10,682 in Israel at the end of the third quarter. This is a larger number of employees than Intel Israel, which for many years until…
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S&P 500 Sees Worst Fed Day Since 2001; Yields Up: Markets Wrap
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(Bloomberg) — The Federal Reserve shocked U.S. markets on Wednesday, sending stocks lower and pushing Treasury yields higher, on expectations of smaller interest rate cuts next year. This was the worst loss for the S&P 500 on interest rate decision day since 2001. Most read from Bloomberg The S&P 500…
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Empowered Events revolutionised the British Business Excellence Awards with HP technology
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Founded three years ago by Sarah Austin, Empowered Events has quickly risen to prominence in the world of large-scale event management. Their company’s flagship project, the British Business Excellence Awards, has become the largest and most respected annual business awards program in the UK. However, behind the scenes, Empowered Events…
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Scholz’s Far-Right Rival Puts Germany’s EU Exit on the Ballot
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Breadcrumb links BMN Business Alice Weidel, a chancellorship candidate from the far-right Alternative Party, criticized the European Union for destroying the country’s car industry and suggested returning the bloc to a free trade zone. Article writer: Bloomberg News Arne Delfs and Oliver Crook Posted on December 19, 2024 • 3…
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Israel has second highest poverty rate in OECD
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In Israel in 2023, there were 1.98 million Israelis living below the poverty line, as defined by the National Insurance Institute, according to the OECD’s Poverty and Social Gaps Index published today. The poverty rate in Israel decreased very slightly from 20.8% in 2022 to 20.7% in 2023. Relative poverty…
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UK inflation rises to 2.6% as interest rate decision looms
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New data from the Office for National Statistics (ONS) has revealed that UK inflation rose to 2.6% in November, exceeding the Bank of England’s forecast of 2.4% and 2.3% recorded in October. The surprise jump marks the second straight monthly increase, pushing the headline figure above the central bank’s target…
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Modi’s Year of Setbacks Leaves India Vulnerable in Perilous 2025
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Breadcrumb Trail Links PMN Business At the outset of 2024, Prime Minister Narendra Modi was riding a wave of international acclaim and anticipating an election campaign that looked like such a formality he talked of a thousand-year legacy. Author of the article: Bloomberg News Dan Strumpf and Sudhi Ranjan Sen…
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Israel to lure foreign AI experts with meager budget
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As the world competes intensely for AI talent, the Israel Innovation Authority is presenting a plan with an exceptionally low budget of $1.8 million to bring AI experts to Israel. This small amount is supposed to fund a pilot program that will bring in 200 experts over three years –…
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Dow, S&P 500, Nasdaq clobbered as Fed, Powell signal fewer rate cuts in 2025
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Stocks were clobbered Wednesday after the Federal Reserve, despite slashing interest rates by 25 basis points, signaled it would cut fewer times next year than previously projected. All three major reversed gains following the decision to end with steep losses. The Dow Jones Industrial Average (^DJI) was down about 2.6%,…
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UK exporters face £27bn Brexit hit as smaller firms bear the brunt
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Small UK exporters have been hit hard by new post-Brexit barriers, contributing to a £27bn shortfall in goods sales to the EU since Britain left the bloc’s single market and customs union. Research by the Center for Economic Performance at the London School of Economics reveals that Brexit led to…
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RecycLiCo Battery Materials Announces Results of 2024 Annual General Meeting of Shareholders
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Article content Surrey, British Columbia, Dec. 18, 2024 (GLOBE NEWSWIRE) — RecycLiCo Battery Materials Inc.Recyclico“or”a company(TSX.V: AMY | OTCQB: AMYZF | FSE: ID4), a leader in sustainable lithium-ion battery recycling technology, is pleased to announce the results of its 2024 Annual General Meeting of Shareholders held on December 12, 2024.…
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Rubrik DSPM allows AI adoption with Israel-developed platform
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Exposure of sensitive data is a major concern given the volume and types of data that Generative Artificial Intelligence (Gen AI) consumes. Inadequate controls of sensitive data and resulting data leaks can halt the use of innovative AI tools. DSPM (Data Security Posture Management) helps accelerate AI adoption by quickly…
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Titanic shipbuilder Harland & Wolff set for £70m rescue deal from Spanish rival
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Harland & Wolff, the historic UK shipbuilder best known for building the Titanic, is on the verge of concluding a £70 million salvage deal with Spanish state-owned shipbuilder Navantia. The agreement, which is supported by the British Government, is expected to save more than 1,000 jobs at the company’s four…
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Teva share price at 6-year high after trial results
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Market value for Teva Pharmaceutical Industries Limited (New York Stock Exchange: Tifa; level: Tifa Yesterday, it rose by $5 billion, after the stock price jumped 26%. The sharp rise has once again made Teva the most valuable Israeli company on Wall Street, with a market capitalization of $23.7 billion —…
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Brooge Energy investors file fraud complaint against Ernst & Young
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Written by Anna Hertenstein (Reuters) – Some Brooge Energy shareholders have filed a fraud complaint in the United States against Ernst & Young, alleging that an auditor failed to identify fabricated revenues in two years of the oil storage company’s annual reports. The plaintiffs are Stephen Cannon, Bryant Edwards, and…