Category: News
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The umbrella tree is a whole new take on Christmas trees
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Christmas, in many families, is a holiday of tradition. Dinners and breakfasts are the same every year. The same songs and movies are enjoyed. And the tree is always generally the same. However, UK retailer Argos is offering an alternative for people who want to enjoy the holidays – and…
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Moody’s warns car finance scandal could cost lenders £30bn
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A growing scandal over mis-sold car financing could leave lenders facing compensation bills of up to £30bn, according to a warning from leading credit rating agency Moody’s. This estimate is the highest to date and raises concerns that the issue may mirror the Payment Protection Insurance (PPI) debacle, which ultimately…
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Wix soars on strong Q3 results, raises guidance
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Israeli website building platform company WEX.COM LIMITED. (Nasdaq: Weeks) reported revenue of $445 million in the third quarter of 2024, up 12.9% from the corresponding quarter in 2023, and non-GAAP net earnings of $89.3 million ($1.50 per share), up 37% from the quarter. The opposite. GAAP net income was $26.8…
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Target just had its biggest earnings miss in years — and the stock plummets 21% to a 1-year-low
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the goal (TGT) Price cuts and early holiday promotions don’t quite hit the mark Expected results. Target stock fell more than 21% on Wednesday morning after reporting disappointing results Third quarter earnings. Despite cutting prices on thousands of items and seeing an uptick in customer traffic, shoppers weary of inflation…
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Ford plans 4,000 more job cuts in Europe as EVs lose momentum
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Ford Motor Co. will look to cut another 4,000 jobs in Europe, further cutting costs within a region where the shift to electric vehicles is losing momentum industry-wide. The cuts – amounting to about 14% of Ford Europe’s workforce – will primarily affect operations in Germany and the UK by…
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HMRC doubles payouts to tax whistleblowers amid calls for larger rewards
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HMRC has almost doubled the amount paid to individuals providing information about suspected tax evasion, disbursing almost £1 million (£978,256) in the 2023/24 financial year compared to £508,500 the previous year. The increase comes amid growing pressure to reduce the UK’s £39.8bn tax gap – the difference between the tax…
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AYURCANN PROVIDES UPDATE ON BUSINESS COMBINATION
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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: Posted on November 20, 2024 • 5 minute…
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Bill proposes abolition of public broadcasting in Israel
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Communications Minister Shlomo Karhi and MK Tali Gottlev (both Likud) plan to introduce a draft law at Sunday’s meeting of the Ministerial Legislation Committee to privatize Israel’s public broadcaster, which broadcasts under the name Kan. The draft law aims to privatize the Kan channel by ending its public funding and…
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Target sees muted holiday quarter as budget-focused shoppers seek value, shares tumble
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Written by Saviyata Mishra (Reuters) – Target sales for the holiday quarter and earnings fell short of estimates on Wednesday as value-conscious consumers shopped for low-priced basics at rival retailers including Walmart, sending its shares down 18% in pre-market trading. The U.S. retailer now expects similarly flat sales in the…
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LVMH’s Hennessy plan to trial bottling in China and bypass tariffs sparks hundreds protesting on home turf
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Hundreds of employees of French cognac maker Hennessy, part of luxury conglomerate LVMH’s empire, went on strike Tuesday in protest against measures the brand plans to use to circumvent Chinese tariffs imposed in a row with the European Union. French unions CGT and FO said that between 500 and 600…
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LVMH’s Hennessy plan to trial bottling in China and bypass tariffs sparks hundreds protesting on home turf
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Hundreds of employees of French cognac maker Hennessy, part of luxury conglomerate LVMH’s empire, went on strike Tuesday in protest against measures the brand plans to use to circumvent Chinese tariffs imposed in a row with the European Union. French unions CGT and FO said that between 500 and 600…
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UK inflation rises to 2.3% in October on higher energy costs
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UK inflation rose to a six-month high in October, exceeding the Bank of England’s 2% target, driven primarily by rising household energy bills. The Office for National Statistics (ONS) reported that the annual CPI rose to 2.3% last month, up from 1.7% in September – the highest rate since April.…
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UK Inflation Climbs More Than Forecast to 2.3% on Energy
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Breadcrumb links BMN Business UK inflation accelerated more than expected in October to far exceed the Bank of England’s 2% target, a rebound that investors saw as further dimming the odds of further interest rate cuts in the coming months. Article writer: Bloomberg News Tom Rees and Irina Angel Posted…
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Haifa drivers deterred by high Carmel Tunnels tolls
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Since the Carmel Tunnels opened to traffic in December 2010, hundreds of millions of shekels have been transferred to the concessionaire to support toll reductions granted to vehicles. But despite these reductions, toll fees rose by 65%, as many Haifa commuters preferred to forego the shortcut through the tunnels, in…
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Comcast to proceed with plans to spin off its cable channels, sources say
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By Don Chmielewski (Reuters) – Comcast Inc. is moving forward with plans to spin off its NBC Universal cable TV networks including MSNBC and CNBC, sources say, shedding a key part of the business that has been a victim of the live video revolution. The company told investors last month…
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Walmart is attracting wealthier customers by selling dupes of expensive products
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Since its inception, Walmart has been a beacon for bargain shoppers. But now the retailer known for its low prices is appealing to a new demographic: customers who earn more than $100,000 a year. Walmart, the world’s largest retailer, reported a strong third-quarter performance, and its CFO partly credits this…
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Gin and tonic surpasses tea as Britain’s favourite drink amid shifting consumer preferences
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Gin and tonic has overtaken tea as the country’s drink of choice, marking a major shift in British consumer habits. A recent study conducted as part of Bacardi’s sixth annual Cocktail Trends Report found that 44% of Britons now choose a G&T when meeting up with friends, narrowly exceeding the…
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Tycoon Who Bungled Korea Zinc’s Share Sale Fights for Control
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Breadcrumb links BMN Business The new office of Korea Zinc Corporation in downtown Seoul greets visitors with a large bust of the current Chairman’s grandfather. But conspicuously absent is the friend with whom he started the metal empire more than seven decades ago — and whose family is now trying…
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Tycoon Who Bungled Korea Zinc’s Share Sale Fights for Control
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Breadcrumb links BMN Business The new office of Korea Zinc Corporation in downtown Seoul greets visitors with a large bust of the current Chairman’s grandfather. But conspicuously absent is the friend with whom he started the metal empire more than seven decades ago — and whose family is now trying…
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NASA to integrate Odysight.ai cameras into aerospace vehicles
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Every few years NASA launches a new hypersonic spacecraft that defies the laws of physics with a more modern jet engine, more fuel efficiency and lighter materials. For example, the X-43A hypersonic research aircraft can fly at Mach 5, five times the speed of sound, and has made breakthroughs in…