Category: raising
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IVC-LeumiTech: Tech fund raising up 38% in 2024
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Privately held Israeli technology companies raised $9.58 billion in 2024, up 38% from 2023, IVC-LeumiTech reports. The report is generally upbeat although fundraising was down 4% in the fourth quarter of 2024 from the previous quarter even though the amount raised was 60% higher than the corresponding quarter of 2023,…
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Cannabis co InterCure raising NIS 66m for Nir Oz facility
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Medical cannabis company InterCure (TASE: INCR, Nasdaq: INCR), headed by Ehud Barak (Chairman of the Board of Directors) and Alexander Rabinovich (CEO), announced that it has raised NIS 66 million, with an option to increase the amount to NIS 107 million. Rehabilitation of its facility in Kibbutz Nir Oz in…
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UK’s Accelerated Clean Power Push Risks Raising Energy Bills
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Breadcrumb links BMN Business The UK government risks higher energy costs for consumers as it pursues a challenging – and up-to-date – target to decarbonise the country’s energy supply by 2030. Article writer: Bloomberg News Eamon Aqeel Farhat Posted on December 18, 2024 • 4 minutes read You can save…
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Monday.com plunges despite beating analysts, raising guidance
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Tel Aviv-based Monday.com’s (Nasdaq: MNDY) stock price fell about 20% after the company released third-quarter results today, even though it beat market estimates and raised its annual guidance. The stock price has since recovered somewhat, and is currently down about 15.5% to $274.13, giving the company a market value of…
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IVC-LeumiTech: Despite war startup raising up 32%
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Despite the war, investments in Israeli startups in the first nine months of 2024 reached $7.22 billion, up 32% from the first nine months of 2023, IVC-LeumiTech reported in its quarterly survey. There is a certain upward bias in the data due to IVC’s identification of Safe Superintelligence (SSI) as…
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Uber, Lyft drivers use Teslas as makeshift robotaxis, raising safety concerns By Reuters
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Written by Akash Sriram and Abhiroob Roy (Reuters) – A Tesla (NASDAQ:) self-driving car carrying a passenger from Uber (NYSE:) collided with an SUV at an intersection on the outskirts of Las Vegas in April, an accident that raised new concerns that there is a growing instability from the companies.…
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports By Reuters
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TOKYO (Reuters) – Canada’s Alimentation Couche-Tard Inc. is discussing how much higher it might raise its offer price for Japan’s Seven & I Holdings Inc., Bloomberg News reported on Thursday, citing unnamed people familiar with Couche-Tard’s internal talks. Coach-Tard said earlier this week it was willing to continue takeover talks…
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports By Reuters
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TOKYO (Reuters) – Canada’s Alimentation Couche-Tard Inc. is discussing how much higher it might raise its offer price for Japan’s Seven & I Holdings Inc., Bloomberg News reported on Thursday, citing unnamed people familiar with Couche-Tard’s internal talks. Coach-Tard said earlier this week it was willing to continue takeover talks…
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ZIM jumps sharply after raising guidance
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ZIM INTEGRATED SHIPPING SERVICES CO., LTD. ZIM (NYSE: ZIM) surprised investors today by significantly raising its annual outlook and beating expectations for the second quarter. The stock opened 14.32% higher on Wall Street, giving it a market cap of $2.622 billion. The Israeli shipping company reported revenue of $1.9 billion…
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Nigeria arrests seven Polish nationals for raising Russian flags at protests By Reuters
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Written by Obi Adetayo ABUJA (Reuters) – Seven Poles have been arrested in Nigeria for waving Russian flags during anti-government protests this week in the northern state of Kano, state security spokesman Peter Afunanya said on Wednesday. Hundreds of thousands of Nigerians have been protesting since August 1 against painful…
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Morrisons tests raising freezer temperatures to cut energy costs and emissions
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Morrisons is trialling an innovative approach to saving energy and cutting costs by raising the temperature of its fridge freezers by 3 degrees Celsius. The move represents the first deviation by a UK supermarket from the industry standard, which has remained unchanged for almost a century. The Bradford-based retailer will…
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Lufthansa to consider raising stake in ITA to 90%, CEO says By Reuters
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ROME (Reuters) – German airline Lufthansa will consider increasing its stake in Italian airline ITA to 90 percent from early next year, its chief executive said in an interview published on Thursday. Carsten Spohr was speaking after his company received EU antitrust approval to buy 41% of state-owned ITA for…
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Why banks must seek Treasury’s nod before raising interest rates
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The Supreme Court has ruled that banks and financial institutions must seek the approval of the National Treasury before increasing interest rates on loans and facilities provided to customers. A five-judge bench of the Supreme Court headed by Chief Justice Martha Kom also held that Sections 44 and 52 of…
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Investors rush to Doggy AI, raising $101,000 in hours
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Doggy AI raised more than $101,000 within hours of launch, suggesting it could be the next memecoin to boom, blending AI technology with the narrative of a dog-themed memecoin.…
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Investors rush to Doggy AI, raising $101,000 in hours
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. Doggy AI raised more than $101,000 within hours of launch, suggesting it could be the next memecoin to boom, blending AI technology with the narrative of a dog-themed memecoin.…