Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.France’s Saint-Gobain is on the lookout for more acquisitions outside Europe as the construction supplier pursues a shift into more environmentally-friendly materials, its chief executive said. Benoit Bazin, who is also due to become Saint-Gobain’s chair next year, said the group still had “positions to take” in North America, Asia and in emerging markets after a roughly €7bn acquisition spree in the past five years. The company, which manufactures materials like glass for skyscrapers and soundproofing materials, has been making dozens of disposals in…

© Reuters. An Israeli soldier gestures while riding in a military vehicle, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near the border with Gaza, in southern Israel, December 9, 2023. REUTERS/Athit Perawongmetha By Steven Scheer JERUSALEM (Reuters) -Israel registered a budget deficit of 16.6 billion shekels ($4.5 billion) in November, the Finance Ministry said on Sunday, citing a jump in expenses to fund Israel’s war with Hamas militants in the Gaza Strip. As a percentage of GDP, the deficit over the previous 12 months rose to 3.4% in November – 62.3 billion shekels – from…

© REUTERS/Amir Cohen Israel stocks higher at close of trade; TA 35 up 0.19% Investing.com – Israel stocks were higher after the close on Sunday, as gains in the , and sectors led shares higher. At the close in Tel Aviv, the rose 0.19%. The best performers of the session on the were NICE Ltd (TASE:), which rose 2.73% or 2,010.00 points to trade at 75,690.00 at the close. Meanwhile, Bank Hapoalim (TASE:) added 1.85% or 57.00 points to end at 3,138.00 and Newmed Energy LP (TASE:) was up 1.45% or 15.00 points to 1,053.00 in late trade. The worst…

Despite a relatively sparse earnings calendar next week, there are still several notable companies scheduled to release their financial figures. The results have the potential to make a big impact on expectations, not just for specific companies but also for important industries like housing, consumer staples and enterprise software. Notably, investors are eager for updates from Oracle (NYSE:ORCL), Adobe (NASDAQ:ADBE), Costco (NASDAQ:COST), FuelCell Energy (NASDAQ:FCEL) and Lennar (LEN), among others. Below is a rundown of major quarterly updates anticipated in the week of December 11 to 15: Monday, December 11 Oracle (ORCL) Texas-based software giant Oracle (ORCL) will post its…

President Biden’s State Department said Saturday it approved the sale of $106.5 million worth of tank ammunition to Israel amid the war against Hamas in a deal that bypasses Congress. Secretary of State Antony Blinken has approved a possible foreign military sale to the government of Israel of 120mm M830A1 High Explosive Anti-Tank Multi-Purpose with Tracer (MPAT) tank cartridges and related equipment for an estimated cost of $106.5 million, according to a State Department press release Saturday. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on Friday. “The Government of Israel has requested to buy thirteen…

Borrowing costs have tumbled, but prospective homebuyers shouldn’t see how low they will go. “Timing the market is never good,” Bank of America’s Matt Vernon told Business Insider. Homebuyers should enter the market when they’re ready, he said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Mortgage rates have tumbled at the fastest pace since the 2008 housing crash, but prospective homebuyers shouldn’t wait to see how low they will go, a Bank of America executive said. Instead, if you’re ready to buy now, you…

There is an acrid smell even before the world’s largest coal-to-liquid refinery emerges out of the South African highveld. The Secunda mines-to-refining complex is the world’s largest carbon emitter by volume. The plant, owned by South Africa’s biggest chemical company Sasol, emits more carbon dioxide than Portugal.The 40-year-old refinery in the heart of South Africa’s Mpumalanga coal country has an almost dystopian feel. Flames shoot skywards from gas flares, steam billows from chimney stacks and a maze of steel pipe twists around a procession of boilers, gasifiers and cooling towers. A single flue, 300m high, one of the tallest structures…

© Reuters. Bosch logo is seen on a bike during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay/File Photo FRANKFURT (Reuters) – Automotive supplier Bosch needs to cut up to 1,500 jobs at two of its German sites by 2025 to adapt staffing levels to changing demand and technologies in the auto sector, the company said on Sunday. The workforce reductions were first reported by weekly industry newspaper Automobilwoche. “Like other companies, we have to adjust the level of employment to the order situation, structural changes in the drive sector and the market penetration…

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The brutal shedding of Jewish blood on Oct. 7, followed by Israel’s relentless military assault on Gaza, has brought a fraught question to the fore in a moment of surging bigotry and domestic political gamesmanship: Is anti-Zionism by definition antisemitism?The question deeply divided congressional Democrats this week when Republican leaders, seeking to drive a wedge between American Jews and the political party that three-quarters of them call their own, put it to a vote in the House. It has shaken the country’s campuses and reverberated in its city streets, where pro-Palestinian protesters bellow chants calling for Palestine to be free…