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Markets

2,574.59 -0.38%
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104,464,147
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-0.38%
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2,222
11
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4,764.89 0.31%
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10
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Golden Wheat Mills
0.74
Palestine Electric
1.35
Tagleef
1.51
ADSB
1.36
Trust International Insurance
3.5
AIG
0.46
PADICO Holding
1.31
Quds Bank
1.65
PALTEL
4.08
Palestine Electric
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PADICO Holding
1.31
UCI
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Maroc Telecom
145.9
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10.65
Marsa Maroc
185
Attijariwafa
449.9
Michael Bloomberg donates record $1.8 billion to Johns Hopkins - Dotemirates
19/11/2018

Michael Bloomberg donates record $1.8 billion to Johns Hopkins

Former New York Mayor Michael Bloomberg announced Sunday that he is donating a record gift to an academic institution — $1.8 billion to his alma mater, Johns Hopkins University. Bloomberg said the boatload of money will ease the financial burden of low- and middle-income students at the prestigious Baltimore school by eliminating their need for loans. “America is at its best when we reward people based on the quality of their work, not the size of their pocketbook,” the three-term mayor and potential 2020 presidential candidate said in a statement. “Denying students entry to a college based on their ability...


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17/05/2019

Amazon invests in Deliveroo food courier

Online giant Amazon has announced a big investment in food courier Deliveroo.The exact figure was not given, but Amazon is the biggest investor in Deliveroo's latest round of fund raising, which in total raised $575m (£450m).Deliveroo said it would use the money for international expansion, improving its service and to grow its delivery-only kitchens business.Several existing US investors also contributed to the fund raising.The amount of capital invested in Deliveroo since it was founded in 2013 now totals more than $1.5bn, and the company is one of Europe's fastest growing technology companies. Deliveroo founder and chief executive Will Shu said...
17/05/2019

Former hydro workers in Tasmania to launch compensation claims over chemical exposure

By Henry Zwartz At least 19 former hydro workers in Tasmania are seeking compensation, saying they were exposed to dangerous chemicals which has left them with chronic health conditions.The workers were all employed by the Hydro Electric Commission (HEC), known today as TasNetworks.The chemicals were sprayed by workers in groups of three or four to cut undergrowth and trees underneath transmission lines.The spraying occurred primarily between the 1950s and the 1970s, but in some cases up until the 1990s.The State Government has confirmed WorkSafe Tasmania was working with TasNetworks to examine the claims.Geoff Pratt, who lives in Latrobe on Tasmania's...
17/05/2019

ANZ shares tumble as New Zealand's central bank calls out 'persistent failure'

By business reporter Stephanie Chalmers The Reserve Bank of New Zealand has condemned ANZ's New Zealand bank for failures and revoked its ability to assess its own capital requirements — forcing it to hold an extra $NZ277 million in capital.Like Australia's bank regulator APRA, the NZ central bank allows the country's big four banks, which are owned by Australia's largest banks, to use their own models to assess their operational risk capital requirements.However, the RBNZ today revoked ANZ New Zealand's licence to do so, citing "a persistent failure" in its controls."Accreditation is earned through maintaining high risk management standards, and...

Sensex rises over 200 points; Nifty reclaims 11,300

Mumbai: The benchmark BSE Sensex jumped over 200 points and the NSE Nifty reclaimed the 11,300 level in early trade on Friday amid value-buying in banking, IT and metal stocks. The 30-share index was trading 201.24 points, or 0.54 per cent, higher at 37,594.72. The broader NSE Nifty was also trading 57.20 points, or 0.51 per cent, up at 11,314.30. In the previous session on Thursday, the BSE bourse closed 278.60 points, or 0.75 per cent, higher at 37,393.48; and the Nifty rose 100.10 points, or 0.90 per cent, to settle at 11,257.10. Top gainers in the Sensex pack include...

Rupee slips 29 paise to 70.32 vs dollar in early trade

Mumbai: The rupee declined by 29 paise to 70.32 against the US dollar in opening trade on Friday as crude oil prices firmed up and US-China trade related concerns weighed on investor community. Forex traders said, besides the US-China trade concerns, foreign fund outflows also kept pressure on the Indian rupee. The rupee opened weak at 70.22 at the interbank forex market and then fell further to 70.32, down 29 paise over its last close. The rupee had settled at 70.03 against the US dollar on Thursday. However, a positive opening in domestic equities supported the local unit and restricted...
17/05/2019

Boeing finishes 737 MAX flight-control updates as questions raised about pilot training

Boeing says it has finished with its updates to the flight-control software implicated in two deadly crashes involving its 737 MAX, moving a step closer to getting the plane back in the sky.Aviation regulators still have more questions about how pilots interact with the plane's controls under different circumstances, and Boeing said it was providing that information.Investigations into the Lion Air and Ethiopian Airlines crashes have focused on the automated flight-control system, MCAS (Manoeuvring Characteristics Augmentation System), that came into service two years ago with the MAX.The system pushes the plane down if it detects a sharp vertical climb that...