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Will the dreams of Fixed Deposit (FD) investors come to an end? Probably so. Repo rate is one of the major factors that determines interest rates on fixed deposits. When repo rates go up, FD rates generally go up too. When repo rates come down, FD interest rates usually come down too. After the US Federal Reserve cut its policy rate by 50 basis points (bps) last month, all eyes are on the Reserve Bank of India (RBI) to do the same on October 9, 2024. Recall that the RBI has kept the repo rate unchanged. Will India’s central bank…

Nicolas Cage, synonymous with blockbuster hits and eccentric performances, once stood at the pinnacle of Hollywood success. Cage’s earnings were nothing short of astronomical at the height of his career. Reports suggest the actor pocketed a staggering $150 million between 1996 and 2011, a testament to his box office draw and the golden era of his cinematic reign. His financial success seemed as larger-than-life as the characters he portrayed on screen. However, a storm was brewing in Cage’s financial world beneath the glitz and glamour of red-carpet premieres and adoring fans. Join us as we see how a combination of…

CNN — A version of this article appeared in CNN’s What Matters newsletter. Sign up for free here to receive it in your inbox. As Hurricane Helen recovery continues, preparations for Hurricane Milton are testing the nation’s storm preparedness and sparking political battles over misinformation. Vice President Kamala Harris, the Democratic nominee, hit back at Republican former President Donald Trump’s “misinformation” while fielding questions from reporters on the tarmac at Joint Base Andrews. “This is extremely irresponsible,” she said, adding her message was that people who need relief from the government should get it. It comes less than two weeks…

Allied Analytics LLPThe rubber flooring market witnessed significant growth during the forecast period. This can be attributed to increased demand from various end-use industries including commercial, residential, sports and healthcare sectors.WILMINGTON, Del., Oct. 08, 2024 (Globe Newswire) — Allied Market Research analyzes the market for rubber by type (natural and synthetic rubber) and distribution channel (direct sales, distributors and wholesalers, retailers). We have published a report titled “Flooring Materials Market”. and Online Retail Platforms), and Applications (Commercial, Residential, Industrial): Global Opportunity Analysis and Industry Forecast, 2024-2032.” According to the report, the rubber flooring market was valued at $1.1 billion in…

The National Bank of Bahrain (NBB) has introduced the first Bitcoin investment fund targeted at institutional investors in the Gulf Cooperation Council (GCC) of the Middle East, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. The fund was developed in partnership with digital asset company ARP Digital and offers investors exposure to Bitcoin with maximum potential gains and full protection against losses. According to local media, Abdullah Kanu, co-founder and co-chief executive officer of ARP Digital, said: By leveraging our expertise in digital assets and NBB’s extensive influence in the financial sector, we have created a product…

Big Bank ASBigbank AS invites all interested parties to a webinar introducing the public issuance of Bigbank AS subordinated debt in Estonia, Latvia and Lithuania. The webinar will be held on October 9, 2024 at 11:00 (EET) in Estonian and at 16:00 (EET) in English.During the webinar, Bigbank AS Management Board members Martin Länts and Argo Kiltsmann will provide an overview of the Bigbank AS Group, including its performance, future plans and the terms of the public subordinated debt issue. If you are interested, please ask questions during the webinar.To attend the webinar in Estonia (11:00 EET), register at https://nasdaq.zoom.us/webinar/register/WN_OTpFudPRQoKQLWMiHytn8A.…

The family of a recently deceased public housing tenant fears losing their life’s work after being barred from their apartment due to bureaucratic red tape.Performance poet Glenn Hutchinson was found dead in his home in August, but Cambridge City Council refused to allow his two daughters access to the property until it was granted probate.Probate proves the right to manage a deceased person’s estate and is necessary if the deceased had a large amount of assets. The family was informed that the application could take up to 16 weeks to process, but if the documents could not be submitted, ownership…

Duke Energy plans to delay retirement of the Gibson coal-fired power plant by three years. This is according to the utility’s latest 20-year plan. If the company does this, Duke will be the last investor-owned utility in Indiana to stop burning coal by 2010. Scientists say coal needs to be drastically cut by 2030 to avoid the worst effects of climate change. Gibson’s two coal units will be modified to burn both natural gas and coal and will be able to burn coal until 2038. Duke will also be postponed. We plan to add the majority of renewable energy by…

LONDON, Oct. 8, 2024–(BUSINESS WIRE)–AM Best focuses on the Middle East and North Africa (MENA) insurance market at Kempinski Central Avenue in Dubai on Nov. 20, 2024. We will hold a briefing session.At this annual regional market event, AM Best’s senior analysts and key (re)insurance industry executives discuss recent trends in the MENA region’s markets and forecast their short- to medium-term implications. The program will include a panel of chief executives from major insurance companies in the UAE. Mr. Abdellatif Abukra of Dubai Insurance. Jason Wright of Emirates Insurance. Mr. Charampos Milonas (Harris) of Abu Dhabi National Insurance Company (ADNIC).…

Timber Market News Rosboro Plans $120 Million Investment in Springfield, Oregon Campus to Change Production Capacity for Engineered Wood Products/Bulk Wood Mill with Off-Site Construction Posted: October 8, 2024 Rosboro, North America’s largest producer of laminated lumber, plans to spend about $120 million to build two new mills and expand its wood drying operations at its Springfield, Oregon, campus, Oregon Public Broadcasting says. reported (10-4-24). Brian Wells, Rosboro’s Vice President of Marketing and Strategic Development, said: ” Wells said the dry kiln expansion is nearly complete and both new plants should be operational by the end of 2026. It said…