Cintas, which supplies businesses with uniforms and maintenance items such as floor mats and mops, will pay $310 a share for Unifirst, a smaller uniform competitor.
Category: 17 March 2026
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GERMANY’S ECONOMY STILL TEETERS ON THE EDGE OF RECESSION
The German economy, still struggling to rise out of the recession that gripped it through 2023 and 2024, “had a very weak start to the new year,” Carsten Brzeski, ING’s chief global macroeconomist, wrote to clients last week.
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CHINA’S GROWTH DILEMMA: JOBS VS. ADVANCED TECH
On 13 March, China’s parliament rubber-stamped the Communist Party’s plan to bet the country’s next five years on achieving global dominance in technologies including AI and robotics, both of which are expected to erase millions of jobs.
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WAR COSTS MIDEAST BILLIONS DAILY IN LOST TOURISM, OIL REVENUE
Nations in the Middle East are losing $600 million a day that tourists would spend if they were still visiting, according to the World Travel & Tourism Council (WTTC).
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U.K. ECONOMY FLATLINES IN JANUARY
After squeezing out a 0.1-percent expansion in December, Britain’s economy showed no growth in January, the Office for National Statistics announced last week.
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EUROZONE FACTORY OUTPUT DECLINED IN JANUARY
The 20-country Eurozone’s manufacturing sector produced 1.5 percent fewer goods in January, an unexpected decline after factory output fell 0.6 percent in December.
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SPOTLIGHT: TOKENIZED STOCK TRADING COMES TO THE U.S.
NASDAQ, crypto trading platform Kraken, and interested publicly traded companies are preparing a plan to begin trading stocks as digitized tokens on a blockchain.
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DOES ISRAEL AND U.S. HAVE DIFFERENT WAR GOALS FOR IRAN?
As the U.S.-Israeli war against Iran stretched beyond its second week, there continues to be confusion about how long the war is expected to last, and that answer could depend on whether you ask Washington or Tel Aviv.
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ISRAEL REJECTS OFFER FROM LEBANON FOR ‘CESSATION OF FIRE’
Israel has refused to negotiate a “cessation of fire” with Lebanon because Tel Aviv says it will only sit down at the table “under fire,” according to a report last week.
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NINTH CRUSADE: MAMDANI TALKS ABOUT RECENT ISLAMOPHOBIC COMMENTS FROM ELECTED OFFICIALS
Zohran Mamdani, New York City’s Muslim mayor, spoke out last week about the increase in Islamophobic statements from elected officials in recent weeks.