Category: Orders
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Netanyahu orders discussion on canceling NIS 200 bill
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Prime Minister Benjamin Netanyahu has instructed the finance minister, the governor of the Bank of Israel, the heads of the Israel Tax Authority and the Arab Community Crime Bureau to hold a discussion on abolishing the 200-shekel bill. The move is expected to help combat black capital and, according to…
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Global SMEs show resilience and optimism as Alibaba.com sees near 70% rise in super September orders
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Global small and medium-sized businesses (SMBs) are increasingly optimistic about their future prospects, according to the new Global SMB Confidence Index from Alibaba.com, the leading B2B e-commerce platform. The study, conducted with SME decision-makers in France, Germany, the UK and the US, highlights a strong sense of resilience as SMEs…
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Publicly traded Israeli defense companies see boom in orders
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The war that broke out in Israel last year is just one arena of geopolitical conflict around the world in recent years. Before October 7, of course, there was the start of the war between Russia and Ukraine, as well as growing concerns in East Asia about China’s growing power.…
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Moscow court orders arrest of Russian-Israeli businessman
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Moscow’s Meshchansky District Court on Tuesday issued an arrest warrant for Russian-Israeli Oleg Kiselev, who between 2008 and 2019 was vice president of Rusnano, a Russian state-owned nanotechnology company. Kiselev, who is not in Russia, faces charges of “embezzlement of particularly large sums of money,” which prompted Russia to issue…
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Canada labor board orders rail employees back to work, imposes binding arbitration
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rlesyk/iStock Editorial via Getty Images Canada’s federal judge has issued an order to employees of the country’s two main railway companies. Back to workBinding arbitration was imposed after a work stoppage that halted cargo shipments since Thursday morning. The Canadian Industrial Relations Board on Saturday approved the appointment of Labour…
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Canadian train workers back on the job as the government orders binding arbitration
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Canadian railway workers return to work after short-term shutdown at national railway. CN workers have removed picket lines while CP workers are still waiting for the official order but that should come soon. Labor Secretary Stephen McKinnon ordered the move: “These collective bargaining negotiations belong to Canadian National Railway, Canadian…
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Tesla halts orders for cheapest Cybertruck (NASDAQ:TSLA)
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Brandon Wochenis/iStock Editorial via Getty Images Tesla (NASDAQ: TeslaFord Motor Co. is no longer taking orders for the less expensive version of its Cybertruck, which costs $61,000, according to its website, as the electric carmaker prioritizes the more expensive versions of the lineup. Instead, the company led by Elon Musk…
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Tesla stops taking orders for cheapest Cybertruck, offers $100,000 version now By Reuters
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Written by Abhiroop Roy and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has stopped taking orders for the least expensive version of its Cybertruck, which costs $61,000, while the $100,000 version is available for immediate order and delivery this month, its website showed. Tesla investors and fans are closely…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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US Judge Orders FTX, Alameda To Pay A Staggering $12.7 Billion To Creditors
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FTX ruling issued. US District Judge Peter Castel agreed to $12.7 billion deal This requires the failed FTX exchange and its sister trading company, Alameda Research, to pay off their debts. On August 7, 2024, a ruling was issued ending a protracted legal dispute with the U.S. Commodity Futures Trading…
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Lift maker Schindler’s orders slip in Q2, weighed by China By Reuters
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By Louis van Boxel Wolff and Bartosz Dabrowski (Reuters) – Swiss elevator and escalator maker Schindler reported a slight drop in orders in the second quarter on Friday as a slowdown in China’s construction market weighed on new installations. The company’s orders came in at CHF2.98 billion ($3.35 billion) in…
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Air Incheon to consider widebody freighter orders after Asiana cargo purchase By Reuters
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(Corrects paragraph 6 to reflect that Incheon Airlines plans to sell space directly to logistics companies.) By Lisa Barrington SEOUL (Reuters) – Air Incheon, set to become South Korea’s second-largest cargo carrier once it completes a deal to buy Asiana Airlines’ cargo unit, will consider buying Boeing and Airbus freighters…
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US Court Orders Hedge Fund Owner To Pay $84 Million
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In the crypto world, a federal judge in Chicago has ordered Oregon resident Sam Ecorti and his related companies to pay more than $120 million to victims of what the Commodity Futures Trading Commission (CFTC) described as a “Classic Ponzi scheme.” The ruling, issued by Judge Mary Rowland on July…
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Board orders university to re-evaluate insurance tender
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The Administrative Public Procurement Review Committee has ordered Jaramogi Oginga Odinga University to re-evaluate a tender for the provision of group life insurance, work injury benefits and personal accident cover. This came after the board of directors cancelled the award to Kenya Alliance Insurance Limited and Zamara Risk Insurance Brokers…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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Israeli defense cos signed export orders worth record $13b in 2023
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Israeli defense companies signed new export orders worth a record $13.073 billion in 2023, the Defense Ministry’s Directorate for International Defense Cooperation (SIBAT) said. This is the third year in a row that the record has been broken with new orders worth $12.5 billion in 2022, and $11.3 billion in…
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Elbit Systems: Record orders, cash flow still negative
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Defense company Elbit Systems (TASE: ESLT; Nasdaq: ESLT) continues to break records with its order backlog, which totaled NIS 20.4 billion at the end of the first quarter, $2.6 billion (14.6%) more than at the end of 2023, This is $4.6 billion (29%) more than at the end of the…
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Court orders KAA to pay contractor Sh433m in demolitions job lawsuit
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The High Court has ordered the Kenya Airports Authority (KAA) to pay part of Sh812 million to a contractor hired a decade ago to demolish buildings at the Jomo Kenyatta International Airport (JKIA). Judge Alfred Mabia ordered KAA to pay Machiri Ltd Sh300 million and another $1,022,022 (Sh133.2 million) held…
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ICJ orders Israel to halt Rafah operation
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The International Court of Justice in The Hague ordered Israel to halt its military operation in Rafah, south of the Gaza Strip, due to the “direct threat” to the rights of the civilian population. The court also ordered that free access be provided to the Rafah border crossing between the…