The Czech National Bank (CNB) has continued its gold-buying spree, adding another 1.6 tonnes to its reserves in September. This marks the 19th consecutive month of gold purchases by the CNB, bringing its total gold holdings to over 46 tonnes. The CNB’s decision to accumulate gold is likely motivated by a desire to diversify its […]
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xtype team (company pic) Xtype is an Israeli startup that offers software for multi-instance management on the ServiceNow platform. The firm raised $21 million in a Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital. ServiceNow is a cloud-based software-as-a-service […]
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Kando is an Israeli startup and wastewater intelligence company dedicated to improving global wastewater quality through innovative solutions. The firm closed a $10 million investment round, bringing the total amount it has raised to $30 million. Wastewater quality is a critical global issue affecting water availability, public health, and the environment. According to the UN, […]
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Gold prices took a significant dive on Tuesday, experiencing their largest percentage drop in over a month. This decline was primarily driven by a shift in market sentiment regarding the Federal Reserve’s upcoming interest rate cuts. Recent economic data, particularly the robust September jobs report, has tempered expectations for a more aggressive rate reduction. Spot […]
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A multi-front war, in which Israel is facing both Hezbollah and Iran, could have severe implications for the country’s economy, according to a report from Reichman University’s Aaron Institute for Economic Policy published late last month. A full-blown war with Hezbollah would also have significant implications, the report said. The report laid out two possible […]
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The wandering people often has tax links in more than one country. Below we report on some Israel- related tax happenings in the USA and France. USA – war relief available: The Internal Revenue Service has announced new relief for taxpayers affected by terrorist attacks in Israel. In practice, this includes US immigrants (Olim). In […]
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Global gold exchange-traded funds (ETFs) continued their winning streak in September, attracting a total of $1.4 billion in inflows. This marks the fifth consecutive month of positive inflows for gold ETFs, highlighting growing investor confidence in the precious metal. North America led the charge, accounting for the majority of inflows during the month. This surge […]
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In an era in which technology is the foundation of every organization’s operations, the adoption of new technologies is crucial for growth and market competition. However, one of the greatest threats that has emerged from the increased use of technology is the phenomenon of Shadow IT. So, what is Shadow IT, and how should we […]
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The United States and China are locked in an escalating economic conflict, and gold is emerging as a potential strategic asset. As the two superpowers vie for dominance, one radical U.S. strategy could involve revaluing the vast gold reserves held at Fort Knox—a move that would send shockwaves through the global monetary system and shift […]
Continue ReadingIndia’s gold imports soared to their highest level in over three years, reaching 125 tonnes in August 2024, fueled by strong consumer demand and industry restocking ahead of the Diwali season and Q4 festive celebrations. This represents a significant 58% increase year-on-year and an impressive 212% jump from July, according to data from the World […]
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