Category: Plans
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Oracle shelves plans to build data center in Israel
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The American technology giant Oracle (NYSE: ORCL) was one of the first companies to rent a powerful underground data center in Israel to provide its clients – banks, health funds and defense forces, with artificial intelligence processing, data management and information storage services. Even before Microsoft, Amazon and Google built…
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Oracle shelves plans to build data center in Israel
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The American technology giant Oracle (NYSE: ORCL) was one of the first companies to rent a powerful underground data center in Israel to provide its clients – banks, health funds and defense forces, with artificial intelligence processing, data management and information storage services. Even before Microsoft, Amazon and Google built…
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Private Christian Schools to sue government over VAT plans
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Three private Christian schools and a group of parents are preparing to launch a legal challenge against the government’s plan to impose value-added tax on school fees. Emmanuel School in Derby, the Christian Branch School in Yorkshire and King’s School in Hampshire, along with parents, claim that the tax would…
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Treasury plans higher tax on Israel’s wealthiest
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As part of its plans to manage the fiscal deficit in 2025, the Ministry of Finance proposes to increase the additional tax on passive income such as interest. The Ministry proposes to raise the additional tax from its current rate of 3% to 5%, and expand it to include those…
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Bank of Japan rate hike plans “face political curve ball”
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We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
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Bank of Japan rate hike plans “face political curve ball”
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We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
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Novo Nordisk has mitigation plans to minimize disruption from port strikes, CNBC reports By Reuters
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(Reuters) – Danish drugmaker Novo Nordisk (NYSE:) has mitigation plans to reduce or prevent any interruptions in its production due to U.S. seaport strikes, CNBC reported on Tuesday, citing a company spokesperson. The report added that the famous pharmaceutical manufacturers, Wegovy and Ozempic, are planning to ship their products to…
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Health insurers unveil Medicare Advantage plans for 2025 By Reuters
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(Reuters) – CVS Health (NYSE:) and Cigna (NYSE:) on Tuesday released details on next year’s government-backed health insurance plans for people 65 and older, saying some members will pay a $0 monthly premium for drugs. described. These announcements come ahead of the start of enrollment in Medicare Advantage plans on…
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Drakeford plans new tax hit on private schools in Wales
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Private schools in Wales are likely to lose their charitable status from April 2024 under new proposals put forward by the Welsh Labour government. The move will require fee-paying schools to pay local taxes, a change that is expected to bring in an extra £1.3m a year. It follows UK-wide…
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Meme coin Bonk plans to launch an ETP — but is the SEC on board?
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The proposed BONK ETP — potentially the first-ever exchange-traded product — could bridge the gap between crypto investors and Wall Street. Punk Looks to Wall Street Bonk (BONK), a leading cryptocurrency built on Solana (SOL), has announced plans to launch an exchange-traded product in the United States. Nom, one of…
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China Stimulus Hopes Rise as PBOC Cuts Rate, Plans Briefing
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China announced plans for a rare economic briefing by three top financial regulators as it cut one of its short-term interest rates, raising speculation that officials are preparing to step up efforts to revive growth. Most Read from Bloomberg Authorities announced Monday that central bank governor Pan Gongsheng would hold…
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Treasury plans tax on banks and Ashdod Port privatization
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The draft economic arrangements law, which will be attached to the 2025 budget, outlines the reforms that the Finance Ministry intends to implement next year. The draft law includes important measures in the areas of finance, real estate, state-owned companies, and others. The draft does not include any new taxes…
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Intel declares no plans to divest Mobileye majority stake
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Advanced Driving Assistance Systems (ADAS) Stock Price Mobily International Company Intel (NASDAQ: MBLY) shares rose 8% in premarket trading after Intel Corp. (NASDAQ: INTC) said it has no plans to sell its majority stake in the Israeli company. “As the majority shareholder of Mobileye, Intel remains focused on creating value…
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Boeing strike to slow down Ryanair’s growth plans: CEO Michael O’Leary (NYSE:BA)
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John Moore/Getty Images News Ryanair (Nasdaq:RayaiBoeing CEO Michael O’Leary said Saturday that the aircraft contract extension (New York Stock Exchange: BAThe workers’ strike could cut the number of aircraft the company receives by next summer to 20 from an expected 25. The Irish carrier was expecting to receive The strike…
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Jabil plans to set up electronics manufacturing unit in Tiruchirapalli, creating 5K jobs
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JHVEPhoto/iStock Editorial via Getty Images ByblosNew York Stock Exchange: JBL) Signed an MoU with the Government of Tamil Nadu to expand operations in Tiruchirappalli, India, at an investment of Rs. 2,000 crore. The agreement, signed in Chicago, aims to establish Jabil as a major manufacturing hub in India, complementing its…
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Newsmax plans an IPO | Fortune
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Ten years after its launch on cable networks, conservative news channel Newsmax is heading to the stock market. Newsmax Inc. has confidentially filed an initial public offering with the Securities and Exchange Commission, the company Announced this weekThe company hopes to raise $75 million and plans to trade on the…
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Victory Farms plans Sh750m expansion of Lake Victoria fish business
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Aquaculture company Victory Farms plans to expand its Sh750 million cage-raising tilapia project in Lake Victoria amid growing demand for the white meat, regulatory filings show. The project, which will be implemented in the new concession areas around Sindhu, Homa Bay County, will expand the company’s existing sustainable tilapia cage…
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China By Reuters
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Written by Akash Sriram (Reuters) – Tesla Inc (NASDAQ:TSLA) shares rose 2.6 percent before the bell on Thursday after the electric carmaker stuck to its plans to launch its advanced driver assistance software for Full Self-Driving (FSD) in China and Europe pending regulatory approval. This comes about a month before…
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Tesla shares gain on plans to launch Full Self-Driving in Europe, China By Reuters
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Written by Akash Sriram (Reuters) – Tesla Inc (NASDAQ:TSLA) shares rose 2.6 percent before the bell on Thursday after the electric carmaker stuck to its plans to launch its advanced driver assistance software for Full Self-Driving (FSD) in China and Europe pending regulatory approval. This comes about a month before…
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Your rights in forced land acquisition by State for public plans
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Kenyan law allows public bodies to compulsorily purchase private land for public purposes including roads, airports, schools and public utilities such as electricity and water. Although the ability to compulsorily purchase land for basic infrastructure is undoubtedly a crucial development tool for the state, this ability is not absolute. It…