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Friday, October 18, 2024

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Economic bellwether FedEx blames poor Q1 on darkening outlook for manufacturers

The heated debate over whether the Federal Reserve took too long before responding to signs of a softening economy just saw more fuel added to the fire.On Thursday, FedEx shocked investors by missing quarterly expectations across the board and...

KOHO and Propel Announce Exclusive Partnership to Expand Lending Access in Canada

Article contentTORONTO — KOHO announces today their new partnership with Propel Holdings Inc. (“Propel”) (TSX: PRL). Through its Canadian brand Fora Credit, Propel will act as KOHO’s exclusive embedded lending partner. The partnership will allow qualified KOHO users to...

UK consumer confidence tumbles in anticipation of ‘painful’ Budget

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Consumer confidence in Britain fell sharply in September, wiping out the progress made so far this year, as anticipation of a...

Japan’s Inflation Speeds Up Ahead of Expected BOJ Rate Hold

Breadcrumb Trail LinksPMN BusinessJapan’s key inflation gauge accelerated in August for a fourth consecutive month, hours before the Bank of Japan is scheduled to wrap up its latest policy decision meeting.Author of the article:Bloomberg NewsYoshiaki NoharaPublished Sep 19, 2024...

Beds sold at Amazon, Walmart recalled due to collapse hazard

Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the U.S. and Canada because they can collapse, posing fall and injury risks.Utah-based importer CVB Inc. is recalling the Lucid-branded platform beds with...

Nike chief executive John Donahoe to step down

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nike chief executive John Donahoe will retire next month in an abrupt leadership change punctuating a period of dour financial performance...

Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data

The Federal Reserve cut interest rates for the first time since March 2020 on Wednesday. Stocks balked at the move initially, with all three major U.S. market indices ending the day in the red after a volatile trading session. While...

TEN Launches New Storage Services Division, TEN Space, Appoints Sarah Ellison as Director

Article contentDUBLIN, Ohio — TEN (Transportation Equipment Network) is excited to announce the launch of its new Storage Services division, TEN Space. This new sector will further enhance TEN’s comprehensive suite of solutions for the transportation industry, offering customers...

Immigrants are unsung heroes of global trade and value creation

In nearly every country that hosts foreign-born citizens, immigration emerges as a lightning rod for controversy. The economic realities of immigration, however, are far more complex than the negative sound bites suggest.Far from being a...

Keir Starmer faces backlash over early failure to disclose £16,200 in donor-funded clothing

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer initially failed to disclose he received £16,200 of free clothing from Labour donor Lord Waheed Alli, in a...
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Double trouble and dancing troupes: Africa’s top shots

A selection of the week's best photos from across the African continent:Go to BBCAfrica.com for more news from the...
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