‘UK’s position as live music leader at stake’: nine festivals cancel amid rising costs | Music festivals

‘UK’s position as live music leader at stake’: nine festivals cancel amid rising costs | Music festivals

When Standon Calling – the summer music festival during which 17,000 people descend on the Hertfordshire countryside to see headliners such as Bloc Party and Wolf Alice – announced this year would be postponed, it became the ninth festival for 2024 to cancel or call time for good. The Association of Independent Festivals’ (AIF) CEO, … Read more

Thai Casting share price: Thai Casting debuts with 141% premium on NSE SME platform

Thai Casting share price: Thai Casting debuts with 141% premium on NSE SME platform

The shares of Thai Casting listed with a premium of 141.4% on the NSE SME platform on Friday. The stock debuted at Rs 185.9 as against an issue price of Rs 77. Ahead of the listing, the company’s shares traded with a premium of Rs 70 in the unlisted market. The IPO, which is an … Read more

Nvidia: Nvidia shares surge 15%, set off rally on Wall Street

Nvidia: Nvidia shares surge 15%, set off rally on Wall Street

New York: The benchmark S&P 500 index hit a fresh record high on Thursday after a blowout revenue forecast from AI darling Nvidia boosted investor confidence in the sector and sparked a rally in growth and technology stocks. Nvidia’s shares surged 15.2% after the chip designer forecast a roughly three-fold surge in first-quarter revenue on … Read more

ECB: ECB posts its first loss since 2004 after barrage of rate hikes

ECB: ECB posts its first loss since 2004 after barrage of rate hikes

The European Central Bank recorded its first loss in two decades following an unprecedented ramp-up in borrowing costs to tackle inflation. The shortfall for 2023 – even after the full release of ₹6.6 billion ($7.2 billion) in risk provisions – totalled ₹1.27 billion, as rising interest rates increased the cost of past stimulus efforts. While … Read more

Mayor says 21-mile cycleway alongside HS2 route a ‘no-brainer’ for West Midlands | HS2

Mayor says 21-mile cycleway alongside HS2 route a ‘no-brainer’ for West Midlands | HS2

Plans for a 21-mile cycleway linking Birmingham to Coventry alongside the HS2 line have been described as a “no-brainer” for health, wellbeing and economic growth in the region. In a letter seen exclusively by the Guardian, Andy Street, the mayor of the West Midlands, wrote to the government-owned HS2 Ltd this week asking that it … Read more

Medibank to return a total of $215 million to customers while AHM unclaimed extras extended

Medibank to return a total of 5 million to customers while AHM unclaimed extras extended

Health insurance company Medibank will return a total of $215 million to its customers as a result of fewer health insurance claims during and following the COVID-19 pandemic. Meanwhile, Medibank subsidiary AHM health insurance will extend its unclaimed extras annual limits so they can be used in the new financial year. Medibank said all of … Read more

manufacturing activity: US manufacturing activity expands at fastest pace since 2022

manufacturing activity: US manufacturing activity expands at fastest pace since 2022

US manufacturing activity expanded at the fastest pace since September 2022, powered by stronger orders growth and suggesting producers are breaking out of an extended slump. The S&P Global flash February purchasing managers index advanced to 51.5 from 50.7. Readings greater than 50 indicate expansion and, while only modest, the gauge has shown growth in … Read more

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian

Reddit’s IPO Filing Is Missing Something: Cofounder Alexis Ohanian

Reddit cofounders Steve Huffman and Alexis Ohanian spent about eight straight years living together, initially as college room mates, playing World of Warcraft late into the night and later working together on the foundations of the discussion forums service now frequented by nearly 270 million people. But that history was missing from Reddit’s sales pitch … Read more