Category: seeks
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Bill seeks to regulate messenger service employment model
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Today, a special member was presented before the Knesset aimed at regulating the situation of employees of digital platforms. This will cover thousands of delivery workers in Wolt, and some delivery workers in Mashloha, Hutt, Yangu and Tin Piece. The bill is separately sponsored by Knesset members Vladimir Bilyak (Yesh…
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Azrieli Group seeks slice of Israeli residential market
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Israeli shopping mall and office giant Azrieli Group (TASE: AZRG) has made a non-binding offer to acquire real estate company ZMH Hammerman (TASE: ZMH) at a valuation of NIS 635 million, representing a 5.7% premium to the offering. The company’s market value (600 million shekels). This comes after the completion…
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BlackRock Seeks To Push BUIDL As Derivative Collateral In Crypto Market
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BlackRock, the world’s largest asset manager, aims to expand its footprint in the digital assets industry following the successful launch of Bitcoin and Ethereum ETFs in 2024. In a new venture, the US asset manager is trying to push the adoption of its funds. Market token BUIDL as an additional…
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Smotrich seeks to loosen Budget Division’s grip on gov’t
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At the beginning of this week, and against the backdrop of setting the date for approval of the 2025 budget by the government, Finance Minister Bezalel Smotrich sent a letter to the head of the Budgets Division in his ministry, Yogev Grados, in which he stated that he outlines his…
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Kenya seeks to stop sale of electricity in dollars
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Kenya is making another bid to stop bulk energy billing in US dollars and euros in a bid to lower electricity prices for households and mitigate Kenya Power’s foreign exchange losses. The country’s energy consumers often complain about high electricity tariffs, with some costs attributed to idle capacity charges to…
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GM seeks to ease investor concerns as EV growth slows By Reuters
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Written by Nora Eckert DETROIT (Reuters) – General Motors (NYSE:) will seek to allay shareholder concerns on Tuesday that declining demand for electric vehicles and an expected peak in demand for gasoline-powered trucks will create a tough road ahead for the automaker. CEO Mary Barra and her executive team will…
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Omtatah seeks to block new national health cover plan
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Busia Senator Okiya Umtatah and two others have moved to court seeking to block the implementation of the Social Health Insurance Fund (SHIF) before its launch today. Mr Umtatah argues with Mr Eliud Karanja Matindi and Dr Magari Jikini that the subsidiary legislation required to operationalize the Social Health Insurance…
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Treasury seeks to curb pension tax benefit
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The Ministry of Finance has introduced a series of radical measures aimed at reducing the fiscal deficit to 4% next year. Among these measures is the imposition of taxes on advanced training funds, which until now have mainly been a tax-free savings program. The Ministry stated in its explanation of…
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Ex-Kenya Power manager seeks Sh42m for extended acting role
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A former Kenya Power manager has sued the company for Sh42 million, accusing the electricity distribution company of employing her on a temporary basis for six years. In a petition filed at the Employment and Labour Relations Tribunal, Zilpa Uma Ayara said her employer kept her in her position throughout…
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Ripple Seeks To Pause Fines As Legal Battle With The US SEC Continues
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In a major turn of events, the payment giant has requested a halt to financial sanctions. Ripple Labs As its long legal dispute with the U.S. Securities and Exchange Commission (SEC) continues. Ripple Takes Bold Step With Residency Application On Wednesday, the Ripple team at letter Apply to stop the…
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Philippines seeks missiles, 40 fighter jets to upgrade military (NYSE:LMT)
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Paul Gould The Philippines is looking to modernize its military with missiles and 40 fighter jets in its latest spending plan amid rising geopolitical tensions in its region, according to several news reports. The country wants to spend at least $33 billion to modernize its military. Defenses. Prospective bidders are…
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Philippines seeks missiles, 40 fighter jets to upgrade military (NYSE:LMT)
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Paul Gould The Philippines is looking to modernize its military with missiles and 40 fighter jets in its latest spending plan amid rising geopolitical tensions in its region, according to several news reports. The country wants to spend at least $33 billion to modernize its military. Defenses. Prospective bidders are…
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KQ seeks State’s help over Sh1.5bn blocked in Ethiopia
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Kenya Airways is seeking to release more than Sh1.5 billion frozen in Ethiopia due to foreign exchange restrictions that have seen the company struggle to repatriate profits amid a severe dollar crunch. CEO Alan Kilavuka told Daily business The governments of Ethiopia and Kenya are in talks to ease a…
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Shareholder row at Old Mutual as billionaire seeks Sh1bn buyout
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Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of its largest shareholder, Old Mutual East Africa Holdings. In an application…
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Maasai Mara seeks to recover Sh215m from ex-VC Walingo
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Maasai Mara University has filed a lawsuit seeking to recover Sh215 million from its former vice chancellor, Mary Walengo, whom it accuses of obtaining the money through corruption. In a suit filed at the High Court in Narok, the university alleges that between June 2017 and September 2019, Professor Walengo…
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Indonesia Seeks Bigger Biodiesel Blend to Reduce Fossil Fuel Use
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Breadcrumbs Path Links PMN Business Indonesia is seeking to blend more palm oil into diesel to cut its use of fossil fuels, with the ambitious target raising the risk of tightening tropical oil supplies. Article author: Bloomberg News Ecolisterin Published on August 19, 2024 • Read for 2 minutes You…
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Landas lab-grown diamonds co LUSIX seeks debt settlement
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Benny Landa’s LUSIX wants to reach a debt settlement with its creditors to stabilize the company after lab-grown diamond prices fell by 90% on global markets. Beneland’s Lab Grown Diamond (LGD) Product Lucix Losix is expected to seek a settlement after failing to raise money from existing investors led by…
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Activist Elliott seeks 10 board seats at Southwest Airlines (NYSE:LUV)
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Kevin Deitch/Getty Images News Update 9:05 PM: Elliott’s confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to nominate 10 candidates for the position of director of the airline’s 15-person board, according to a statement…