• Thu, December 5, 2024

by: The Star

Finance Committee members decline to lower Railway Levy

The National Assembly Finance and Planning Committee's report on the Tax Laws (Amendment) Bill 2024 recommends the levy to be capped at two per cent, 50 basis lower than the initial proposal of 2.5 per cent and higher than the current rate of 1.5 per cent.

by: AOL

Intel's CEO shakeup puts foundry plans, CHIPS Act cash at risk

Intel's CHIPS Act funding could disappear if the company ditches its plans to expand its manufacturing footprint.

by: Bill Williamson

Royal Bank of Canada (NYSE:RY) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 4, 2024 Operator: Good morning, ladies and gentlemen. Welcome to the RBC's 2024 Fourth Quarter Results Conference Call. Please be advised that this call is being recorded.

by: Bill Williamson

Trump Transition Live Updates: Another Dozen-Plus Picks Fill Ranks of New Team

Presidents do not typically select new I.R.S. commissioners when they come into office, and the Senate will have to confirm Mr. Long. President Biden waited for the term of Mr. Trump's first choice to lead the tax agency, Charles P. Rettig, to end before selecting Mr. Werfel.

by: Bill Williamson

Large payments did not raise 'red flags', says Trafigura finance chief

Large, loosely-explained payments to a third-party intermediary hired to facilitate business in Africa did not raise "red flags" at Trafigura, its chief financial officer told a Swiss court trying the commodity trader for bribery on Thursday.

by: Bill Williamson

If I Could Only Buy 1 "Magnificent Seven" Stock in December, This Would Be It

Amazon is one of the largest e-commerce marketplaces in the world as measured by gross merchandise volume (GMV). Between Amazon's October Prime Big Deals Day, Black Friday, and Cyber Monday, the company is positioned to capture much of the holiday shopping activity across both online and physical retail.

by: Bill Williamson

Hard-working Brits give up as 'self-harming' Labour piles on costs, taxes and red tape

PM Keir Starmer has only been in power five months but some of the hardest working Brits are already throwing in the towel.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) December 5, 2024: Attractive proposals will come!

Cancer Money Horoscope Today You will advance industrial efforts and maintain a strong presence in career and business. Attention will be given to financial documentation. Business operations will come under greater control.

by: MSN

Taurus Daily Horoscope Today (April 20- May 20), December 5, 2024: Closed ones will be happy!

Taurus Money Horoscope Today Success rates will improve, and profits will increase. The economic front will remain strong. Emphasis will be placed on career and business. Taurus Career Horoscope Today Favourable conditions will prevail in career and business.

by: Bill Williamson

Dubai real estate: Tokinvest and YallaValue to support fractional property investments

Dubai's Tokinvest DMCC is teaming up with YallaValue to deliver independent property valuations to support tokenised real estate investment decisions. YallaValue is a property valuation platform and can enable smart contracts and decentralised applications to access accurate and up-to-date property information and valuations.

by: Bill Williamson

Sweden's EQT exceeds investment targets in India, doubles down on healthcare

Sweden's EQT has invested more than its targeted $5 billion in India over the last few years, the head of its Asian business said on Thursday, as the private equity firm focuses on buyouts and investments in the country where it is sees strong deal activity.

by: Bill Williamson

Here's How Much Cash Donald Trump Spends Each Year

The president-elect's personal expenses have bounced up and down for more than a decade. Things won't become any more predictable when he returns to the White House.

by: Bill Williamson

Microsoft Corporation (MSFT): AI Innovations Fueling Financial Growth

We recently published a list of 10 AI Stocks That Will Skyrocket. In this article, we are going to take a look at where Microsoft Corporation (NASDAQ:MSFT) stands against other AI stocks that will skyrocket.

by: Bill Williamson

FTSE 100 LIVE: London stocks lose ground as Vodafone merger gets green light and bitcoin hits $100k

Bitcoin broke through the $100,000 mark for the first time amid a rally sparked by Donald Trump's US election victory.

by: Bill Williamson

British business gives up as 'self-harming' Labour piles on costs, taxes and red tape

This morning, top British entrepreneur James Dyson accused Reeves of inflicting "an egregious act of self harm" on the UK economy, by charging inheritance tax (IHT) on family-owned businesses when owners die. Dyson is right. I've talked to one family that now faces a £26million IHT bill that will destroy a business that took decades to build.

by: Bill Williamson

What happens when a business city like Hong Kong locks up a businessman like my friend Jimmy Lai

For years Hong Kong rivaled London and New York as a global financial center. No more. Global financial centers don't have political prisoners.

by: Bill Williamson

The power of an end-to-end construction cloud platform

The construction industry has so many moving parts that it takes a solid end-to-end cloud platform to manage operations. Sage's Julie Adams takes a deep dive into the primary platform factors that can help construction companies stay competitive for the future.

by: Bill Williamson

Capital Link's International Forum Focuses on Investing in Greece

The Greek economy and the inflow of foreign investments will be the central theme of Capital Link's Annual International Forum.

by: Bill Williamson

Bangladesh Bank starts printing new notes with 'graffiti' of July uprising

by: Bill Williamson

This Stock Soared 309% From Its 2022 Low -- 2 Reasons to Buy It Now, and 1 Reason to Stay Away

Investors are rewarding DoorDash for its strong operating results, but there is one reason to be cautious right now.

by: Bill Williamson

Abu Dhabi Finance Week gears up for its biggest ever edition

by: Bill Williamson

Saudi Arabia's PIF and Bpifrance sign $10bn finance deal

Saudi Arabia's Public Investment Fund (PIF) and Bpifrance Assurance Export, represented by the French Treasury office in Riyadh, have announced the signing of a memorandum of understanding (MoU) to strengthen the bilateral partnership and cooperation.

by: Bill Williamson

Glowing hearts on the Hill

— Former NDP MP JUDY WASYLYCIA-LEIS, delivering remarks at the Parliamentary Internship Program's 55th anniversary reception on the Hill. Wasylycia-Leis was the first PIP alumna to be elected to the House. Also in the room: Justice Minister ARIF VIRANI and Conservative MP BRAD VIS (both program alum).

by: Bill Williamson

TriState Capital Hires McWilliams as VP, Relationship Manager for Equipment Finance

TriState Capital Bank hired Nicholas McWilliams as vice president, relationship manager, for its equipment finance division. In this role, McWilliams is responsible for executing equipment finance direct corporate sales strategies.

by: Bill Williamson

Haifin, an e& enterprise company and Vodacom Business forge strategic partnership

by: Bill Williamson

Trump Media stock didn't rally after the election. Here's why

Markets and cryptocurrencies soared to new heights after Donald Trump secured a second term at the White House. But one stock, which bears the president-elect's name, hasn't gotten the same boost in the month since Election Day.

by: Bill Williamson

Fonterra, Zuru Group's Mowbrays triumph at the Deloitte Top 200 Awards

Fonterra was a standout winner at the Deloitte Top 200 Awards 2024, claiming three prestigious awards. Port of Auckland also celebrated a stellar night with two wins at one of the most anticipated events in New Zealand's corporate calendar,

by: Bill Williamson

Musk's $119 Billion Wealth Increase Outpaces Dell and Zuckerberg, But Guess Who's Catching Up

Elon Musk is on another level this year. The Tesla and SpaceX CEO added $119 billion to his fortune in 2024. This pushed his net worth to $348 billion. That's not just a number. It's more than the entire net worth of tech icon Michael Dell.

by: Bill Williamson

FTSE 100 LIVE: London stocks muted as Vodafone merger gets green light and bitcoin hits $100k

Bitcoin broke through the $100,000 mark for the first time amid a rally sparked by Donald Trump's US election victory.

by: Bill Williamson

Marriage and expenses: Curious about impact on expenses after marriage, if my wife chooses not to work after tying the knot. How should I plan?

It is common to face financial challenges in relationships or you take a significant step like getting married. Experts offer strategies to ensure financial stability, enhance future planning, and save for children's education and retirement.

by: Bill Williamson

Finance Adviser launches SICIP

Putting more emphasis on industry-academia collaboration, Dr Salehuddin said that that the conglomerates and business houses of the country need to invest more in research and development.

by: Bill Williamson

US Services Activity Expands at Slowest Pace in Three Months

US services activity expanded in November at the slowest pace in three months as demand and employment growth settled back, indicating the largest part of the economy is losing momentum.

by: Bill Williamson

Shell and Equinor tie-up to create new UK oil and gas producer

Shell and Equinor tie-up to create new UK oil and gas producer - Shell said no jobs will be lost but that the deal was in recognition that the North Sea is 'no longer the prolific basin that it once was'.

by: Bill Williamson

Bitcoin storms above $100K, sees value more than double in 2024

Bitcoin soared above $100,000 for the first time on Thursday, marking a widely anticipated milestone that is hailed even by skeptics amid coming-of-age

by: Bill Williamson

Rukam Capital's Archana Jahagirdar On Backing India's Next Wave Of Consumer Startups

Inc42 caught up with Archana Jahagirdar, founder and managing partner of Rukam Capital, to understand what VCs seek in consumer brands

by: Bill Williamson

Unlocking the economic potential of internally displaced persons in Africa; private sector solutions

Africa is facing an escalating internal displacement crisis, with the continent now hosting nearly half of the world's IDPs.

by: Bill Williamson

The Cellar in Anstruther reopens with a Spanish twist

A restaurant venue in Anstruther has been given a new lease of life with the opening of a wine and tapas bar called The Cellar at 24. With the help of a head chef from San Sebastián, the owners of nearby Ox & Anchor, Nicola and Sian Linton, have set up in the former Michelin-starred site.

by: Bill Williamson

Building a climate-resilient energy sector in Nigeria: Challenges and recommendations

Nigeria is facing severe climate change impacts, including rising temperatures, flooding, and droughts. In 2022, flooding alone caused

by: Bill Williamson

Optimism among SMEs at highest level in over a year - Linked Finance

Optimism within the Irish SME sector is at its highest level for over a year, according the latest SME Confidence Index from non-bank lender Linked Finance.

by: Bill Williamson

Intel's CEO shake-up puts foundry plans, CHIPS Act cash at risk

Intel's CHIPS Act funding could disappear if the company ditches its plans to expand its manufacturing footprint.

by: Bill Williamson

Brookfield-backed debt collection giant Panthera finds new owner

Privately owned credit agency Francom has emerged as the new owner of the company, which collapsed this year following a dispute between its founders.

by: Bill Williamson

Zingers and a pile of votes

OPPO DAYS CHEAT SHEET — MPs are staring down a pile of votes. This time next week, the House will have voted on three opposition motions and more than C$21.6 billion in new spending. Here's the CliffsNotes:

by: Bill Williamson

ADIB announces the 7th Edition of EFICA: Pioneering Innovation in Ethical and Islamic Finance

by: Bill Williamson

Sir Peter Mason, civil engineering supremo who led Balfour Beatty and Amec among other companies

Sir Peter Mason, who has died aged 78, was a leader of the civil engineering industry as chairman of Balfour Beatty and chief executive of Amec; he was also chairman of Thames Water and a senior director of BAE Systems.

by: Bill Williamson

How the world's biggest offshore wind company was blown off course

by: Bill Williamson

Digitisation becomes Africa's great equaliser in financial services

by: Bill Williamson

Online Applications for Admissions-2025 Closing Soon for XIM University's Flagship MBA, Executive MBA, and MMS-BF Programs

by: Bill Williamson

Saudi COP16 Presidency Calls on Private Sector to 'ramp up' Funding Amid Land Restoration Finance 'blackhole'

Saudi Arabia's UNCCD Presidency launched Land Day today, the first of its seven scheduled Thematic Days designed to focus discussions and ongoing negotiations on key areas within the land degradation,

Finance Committee members decline to lower Railway Levy

The National Assembly Finance and Planning Committee's report on the Tax Laws (Amendment) Bill 2024 recommends the levy to be capped at two per cent, 50 basis lower than the initial proposal of 2.5 per cent and higher than the current rate of 1.5 per cent.
The Finance Committee members in Kenya have declined to lower the railway development levy, asserting that the funds are crucial for the ongoing and future railway projects aimed at enhancing the country's transport infrastructure. Despite calls from various stakeholders to reduce the levy due to economic pressures on businesses and consumers, the committee emphasized the strategic importance of railway development for economic growth, job creation, and reducing road congestion. They argued that maintaining the levy would ensure the completion of key railway lines, including the Standard Gauge Railway (SGR) extensions, which are seen as vital for Kenya's long-term economic strategy. The decision reflects the government's commitment to infrastructure development despite the current economic challenges.

Read the Full The Star Article at:
https://www.the-star.co.ke/business/2024-12-05-finance-committee-members-decline-to-lower-railway-levy