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How banks are taking CBK loans to invest in Treasury bills
Commercial banks borrowed from the Central Bank of Kenya's emergency discount window to finance purchases of government securities as they saw a profit opportunity from the lower interest rate on the facilities compared to treasury bonds.…
Unite union threatens legal action over cuts to pensioners’ winter fuel payments
The union Unite has issued a stark warning to the UK Government over its controversial decision to cut winter fuel payments for millions of pensioners, threatening to pursue a judicial review if the policy is not reversed.
The…
A courtroom of relief: Feds recover funds for victims of scammed banker
Breadcrumb linksPMNBMN BusinessArticle writer:Associated PressMartha MendozaPublished on November 04, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account.Article contentWICHITA,…
Metro to serve Jerusalem population of 1.8m by 2050
What will Jerusalem look like in 2050? According to plans submitted to a special hearing for Jerusalem District Planning and Construction, there will be a metro (underground railway) operating in the city, 220,000 new…
Nursing Home Operator PACS Sinks After Hindenburg Short Report
(Bloomberg) -- Shares of nursing home operator PACS Group Inc. fell. by 28% on Monday after Hindenburg Research released a short report alleging that the company was – among other things – “systematically defrauding taxpayers.” Most…
Trump trade unwinds after Selzer Iowa poll has Harris ahead
One of the country's top pollsters just sounded a big red flag at the Trump campaign.
On Saturday, J. Ann Selzer, an Iowa pollster celebrated for her accuracy, released her final poll before Election Day, which showed Vice President…
Telkom woes deepen as 1m more customers flee, extending last year’s trend
Kenya's third-largest telecommunications company, Telkom Kenya, shed more than one million customers in the 12 months to June this year, new disclosures showed, extending a trend observed the previous year when the company lost 899,458…
James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family…
Sir James Dyson has strongly criticized Chancellor Rachel Reeves' latest Budget, describing the new inheritance tax policy as a "spiteful" move that threatens the future of family businesses in the UK.
Under the changes,…
After court victory, 5 Israeli cos exhibit at France’s Euronaval
Five Israeli companies participated today in the prestigious Euronaval exhibition, which opened in France, five days after the Paris Commercial Court overturned the French government's decision to ban Israeli companies…
DJT stock braces for another volatile trading week ahead of Trump, Harris election
Trump Media and Technology Group (DJT) stock fell about 3% in early trading Monday after initially opening the day in the green as stocks braced for another volatile week on Wall Street just one day before the presidential election. The…
