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Comessa Food Services and Pasta & Me were among the standout suppliers at the Shoprite Group’s 2024 Supplier of the Year Awards, celebrating their innovation and excellence alongside a distinguished group of exceptional nominees and winners.
The awards, held this past weekend at Vergelegen Wine Estate in Somerset West, recognise the vital contributions suppliers make to the Group’s continued success.
Husband and wife, Zoegdie and Bilqees Essa – initially just hoping to supply quality snacks to local schools and corporate canteens – began Comessa Food Services as a home-based business producing flavoured popcorn in 2005. A year later, they expanded their production facilities to a corner shop, adding tortilla wraps and later also traditional flatbreads to their product range.
Determined to succeed, Comessa innovated to overcome challenges by, for example, designing and building their own tortilla-press machine line, thereby establishing self-sufficient manufacturing capabilities.
In 2012, Comessa was listed in selected Checkers stores. Under the retailer’s continued mentorship, they were able to successfully transition from a small business to a nationally recognised supplier that now also supplies the supermarket chain’s Bakery and Simple Truth private label product ranges. Today, the company employs over 100 people, with 65% of the workforce female and more than 70% youth.
“We are truly humbled by this award and would like to thank the Shoprite Group for their trust and belief in us. It’s been a hard journey, but their continued support has been a cornerstone of our success,” said Bilqees Essa, Chief Executive Officer of Comessa Food Services.
Pasta & Me, a 100% female-owned business founded by Aziza Parker, won the 2024 Small Supplier Award for its innovative approach to food affordability, offering a range of budget-friendly noodle meals that feed a family of four for just R20.
This affordable one-pot delight is part of Shoprite’s Homegrown private label range, which showcases products from small, local suppliers
“As an SMME it is difficult to get noticed, launched and scaled at the same time, but through Homegrown this became a reality. I want to thank the Shoprite team for thinking out-of-the-box and seeing the potential of our products. We are working to bring more innovations such as this to the market soon,” said Aziza Parker, Founder of Pasta & Me
The Awards evaluate finalists across 12 categories on criteria including the extent to which they had contributed towards the retailer’s growth and improved earnings, their stockholding and service levels, the efficiency of their administration processes, and their support at store level.
The full list of 2024 winners are:
- General Merchandise & Furniture: Palm Stationery
- Professional Suppliers: Scania South Africa / Cobus Schoeman Architects (joint winners)
- Fruit & Vegetable Producers: ZZ2
- Fresh Departments: Comessa Food Services
- Alcoholic Beverages: Meridian Wine Merchants
- Groceries: Kellogg’s Tolaram
- Snacks & Beverages: Mondelez
- Perishables: McCain Foods
- Personal Care: Amka Products
- SMME: Pasta & Me
- Sustainability: Detpak SA
- Private Label & Supplier Partnerships: Zeta Laboratories
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https://www.sagoodnews.co.za/celebrating-growth-and-innovation-shoprite-group-awards-best-suppliers-of-2024/
| 2024-12-16T07:11:10Z
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The answer is simple.
Why has Canada twice been referred to the International Criminal Court on the basis of false claims about Indian residential schools?
The ultimate cause is the University of Manitoba’s National Student Memorial which falsely claims that it is a list of students who died on the premises of Indian residential schools and students who went missing from Indian residential schools. The University of Manitoba site tells users to:
Click on a region below to see a list of residential schools. Each residential school page contains a list of students who died or went missing at that school.
Those claims by the University of Manitoba are not true.
Firstly, the majority of the 4139 students currently on the University of Manitoba’s Student Memorial Register did not die on the premises of an Indian residential school. Most died elsewhere, as established by the Truth and Reconciliation Commission report entitled Missing Children and Unmarked Burials, which is in Table 4. Location of residential school deaths, 1867–2000 on page 21 states that only 423 named students died on the premises of an Indian residential school over the course of 133 years, an average of 3 students a year.
Thus, the majority of students did not die on the premises of Indian residential schools. They died elsewhere – in public hospitals or of illness or accidents on their home reserves, accidents which included house fires, drownings, gunshot wounds, vehicle accidents, falling trees, being hit by trains, and other accidental deaths, as established in hundreds of provincial death certificates.
Secondly, none of the students on the University of Manitoba’s lists went missing from an Indian residential school. To date, the University of Manitoba has not provided the name of a single Indian residential school student who went missing and whose parents did not know at the time what had happened to their child. Not one. And far from being ‘missing’, in fact hundreds of provincial death certificates establish that the students were buried on their home reserves by their families and communities.
Based on the University of Manitoba’s misleading lists, the media and the federal government uncritically accepted the false claim by the Kamloops Band on 27 May 2021 that the Band had discovered ‘the remains of 215 children’. After three years, the Band downgraded that false claim on 18 May 2024 to the claim that it had merely discovered ‘215 anomalies’, which could be anything, and are almost certainly the remains of the 2000 linear feet of trenches of a septic field installed in 1924 to dispose of the school’s sewage.
The first referral to the International Criminal Court by a group of 22 lawyers
Only a few days after the Kamloops Band made its false claim, on 3 June 2021 a group of 22 lawyers sent a 14-page complaint to the ICC requesting the Prosecutor to initiate an investigation of a ‘mass grave’ of Indian residential school students which had been discovered at Kamloops. The claim by the 22 lawyers that a ‘mass grave’ had been discovered at Kamloops was, of course, false.
The International Criminal Court quickly declined jurisdiction in November 2021, and on 13 September 2022 Dr Chile Eboe-Osuji, former President and Judge of the International Criminal Court, informed Special Interlocutor Kimberly Murray and those present at her National Gathering in Edmonton of the reasons for doing so. As reported by Chief Derek Nepinak, Dr Eboe-Osuji stated unequivocally that:
There is no pathway to the International Criminal Court for the situation of the historical Indian residential school system in Canada.
Dr Eboe-Osuji’s presentation has never been made available on the Special Interlocutor’s website, and requests to both Kimberly Murray and Dr Eboe-Osuji for a copy of his presentation have gone unanswered.
The second referral to the International Criminal Court by Special Interlocutor Kimberly Murray
Undeterred by the ICC’s refusal to accept jurisdiction and the reasons offered by Dr Eboe-Osuji in his presentation to her 13 September 2022 National Gathering, Kimberly Murray pursued the issue based on the University of Manitoba’s lists falsely claiming that all the students on its lists died on the premises of specific Indian residential schools or went missing from those schools.
On 29 October 2024, Kimberly Murray delivered her final report to Minister of Justice Arif Virani. However, as she told the Senate Standing Committee on Indigenous Peoples on 27 November 2024, Kimberly Murray also sent her report to the International Criminal Court, requesting Canada’s prosecution by the Court.
How the ICC will react to Kimberly Murray’s referral of Canada for prosecution is as yet unknown.
Damage to Canada’s international reputation
Canada’s reputation has been irreparably damaged by these two referrals to the International Criminal Court based on the University of Manitoba’s National Student Memorial which falsely claims that it is a list of students who died on the premises of specific residential schools or went missing from those specific schools.
It cannot be reiterated often enough:
(1) that most students whose names are on the University of Manitoba’s National Student Memorial did not die on the premises of a residential school;
(2) that most students on the University of Manitoba’s National Student Memorial died in public hospitals or of illness and accidents on their home reserves;
(3) that the University of Manitoba has never provided the name of a single student who ever went missing from an Indian residential school whose parents didn’t know what happened to their child; and
(4) that the majority of students whose names are on the University of Manitoba’s National Student Memorial were buried by their families and communities on their home reserves. Over time, their families and communities have forgotten them, and through neglect of the grave markers, no longer know where in their reserve cemeteries they are buried.
The University of Manitoba’s National Student Memorial has misled Canadians and has resulted in two referrals of Canada for prosecution by the International Criminal Court based on false claims about ‘mass graves’ and ‘missing’ and ‘disappeared’ Indian residential school students.
The federal government and the Catholic Church must demand that the University of Manitoba take down its false and misleading National Student Memorial.
Nina Green is an independent researcher who lives in British Columbia.
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https://fcpp.org/2024/12/15/false-claims-real-consequences-the-icc-referrals-that-damaged-canadas-reputation/?utm_source=rss&utm_medium=rss&utm_campaign=false-claims-real-consequences-the-icc-referrals-that-damaged-canadas-reputation
| 2024-12-16T07:11:10Z
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(MENAFN- EIN Presswire)
HR Analytics Market
Scaling need for analyzing data generated through a slew of HR activities including training, employee recruitment, employee engagement
WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 16, 2024 /EINPresswire / -- The global HR Analytics
market size was valued at $2.4 billion in 2021, and is projected to reach $11 billion by 2031, growing at a CAGR of 16.6% from 2022 to 2031. Scaling need for analyzing data generated through a slew of HR activities including training, employee recruitment, employee engagement, attendance, compensation, and performance management to drive the growth of the global HR analytics market . Nevertheless, less availability of skilled workforce can hamper the expansion of the global market. However, growing demand for enhancing the efficiency of HR activities such as employee retention, performance monitoring & evaluation, and recruitment will open new growth avenues for the global market.
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Factors, such as enhancement of mobile employee engagement and increase in automation of HR operations aided in propelling the growth of the global HR analytics market during the forecast period. Moreover, HR analytics helps to make HR activities more efficient by using collected data to predict key attributes, such as performance, retention, and recruitment during the period has positively impacted HR analytics industry. However, data security and privacy concerns and lack of workforce is anticipated to hamper the HR analytics market during the forecast period. On the contrary, increase in use of cloud-based technology is expected to offer remunerative opportunities for the expansion of the HR analytics market forecast.
The workforce management segment to hold the major market share over 2022-2031On basis of the application, the workforce management segment contributed to the largest market share in 2021, accounting for more than two-fifths of the global HR analytics market share . Furthermore, the same segment is anticipated to dominate the growth of the global market over the forecast period. The growth of the segment over the assessment period is subject to the massive use of HR analytics for enhancing the business decision-making capabilities of a firm. However, the employee segment is predicted to record the highest CAGR of 21.1% over the forecast period. The growth of the segment over the forecast timeline can be credited to the ability of HR analytics in offering insights, visibility, and actionable data of employees to HR for employee retention.
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Human Resource analytics (HR Analytics) is defined as the area in the field of analytics that deals with people analysis and applying analytical process to the human capital within the organization to improve employee performance and improving employee retention. Moreover, HR analytics does not collect data about how employees are performing at work, instead, its sole aim is to provide better insight into each of the human resource processes, gathering related data, and then using this data to make informed decisions on how to improve these processes.
Region wise, the HR analytics market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its higher expenditure on technological solutions. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the growth in number of startups and the expanding infrastructure in the region, which is expected to fuel the growth of the HR analytics industry in the region during the forecast period.
The key players profiled in this report include
INFOR INC, Visier Inc, IBM Corporation (U.S.), Microstrategy Incorporated, zoho corporation, Tableau Software Inc, Talentsoft, Zoios, Workday Inc, Oracle Corporation, Crunchr, Sisense Inc, Sage Group plc, SAP SE, gaininsights solutions, Kronos Incorporated, Legartise
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In terms of industry vertical, the BFSI segment contributed to the largest market share in 2021, accounting for more than one-fourth of the global HR analytics market share. Furthermore, the same segment is anticipated to dominate the growth of the global market over the forecast period. The growth of the segment over the assessment period can be due to the rise in the use of HR analytics solutions for employee management activities. However, the retail and e-commerce segment is predicted to record the highest CAGR of 19.8% over the forecast period. The growth of the segment over the forecast timeline can be credited to the ability of HR analytics in automating HR processes.
KEY FINDINGS OF THE STUDY
By offering, the solution segment accounted for the largest HR analytics market share in 2021.
By region, North America generated the highest revenue in 2021.
By enterprise size, large enterprises segment accounted for the largest HR analytics market share in 2021.
By deployment mode, the on-premise segment generated the highest revenue in 2021.
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By Region, North America contributed notably toward the global HR analytics market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for more than two-fifths of the global market share in 2021. The same region is slated to contribute significantly toward the global market size in 2031. The growth of the regional market over the forecast timeline is due to the escalating demand for HR analytics in the countries such as the U.S. and Canada. However, the Asia-Pacific HR analytics industry is anticipated to record the highest CAGR of 18.9% over 2022-2031. The regional market growth over the projected timespan is owing to an increase in digital transformation and economic growth of the region leading to large-scale acceptance of HR analytics in the Asia-Pacific zone.
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https://menafn.com/1108995998/HR-Analytics-Market-Competitive-Analysis-And-Industry-Forecast-At-A-CAGR-Of-166-By-2031
| 2024-12-16T07:11:12Z
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Some N.C. residents distrust FEMA so much they’re hesitant to apply for hurricane aid
SWANNANOA, N.C. – Why, Shawna Gilmore thought, would she want to ask them for help? FEMA wasn’t there right after Hurricane Helene all but destroyed her town. And a week or so later, when responders from the Federal Emergency Management Agency did show up, she became suspicious. An aerial video posted in one of her main Facebook groups showed trucks setting up what looked like some sort of camp. She said she kept hearing how FEMA “took things,” like people’s land.
“What are they actually doing here?” Gilmore said she thought to herself. “Why are they really here?”
This was not an agency that she said she wanted to give her personal information to, not even for a $750 emergency check or other assistance. Beyond her “trust issue,” she said, relying on the government for help isn’t how she is built. The 54-year-old grew up in a rural southeast Missouri town right on the Mississippi River that frequently flooded, but they always picked themselves back up. Then she moved to this part of the Appalachian foothills about 30 years ago, becoming a property manager and even more self-sufficient.
“To apply for aid of any kind …” she said, carefully choosing her words. “I mean, just to need something is already vulnerable. It’s all uncommon and unfamiliar and uncomfortable.”
Gilmore’s reluctance to seek out federal aid underscores one of the more unusual elements of Hurricane Helene’s aftermath in western North Carolina, according to data, experts, residents and FEMA officials.
Only about 15% of households in the affected region have applied to the agency for individual and household assistance, according to a Post analysis of months of FEMA data up to the second week of December. It’s a low number, three independent experts and the FEMA official said, given how many people are in need. It’s far less than Georgia and South Carolina, states that sustained comparatively less damage, but where about twice as many households have applied.
Rampant misinformation and conspiracy theories early on about FEMA’s motives and plans inflamed a long-existing skepticism about government here. That, combined with a federal response that has been trying to navigate complex logistics in a region that is not used to big disasters, is threatening people’s chance to get critical help and, ultimately, the state’s ability to rebuild.
It’s a “downward spiral,” said one FEMA official who has been on the ground since October, speaking on the condition of anonymity because they weren’t authorized to talk.
“These folks will limp instead of walk,” the official said. “Their trust in government, social cohesion, is forever denigrated.”
The Washington Post spoke with more than 40 people across at least five hurricane-hit North Carolina counties and found that many had been hesitant to apply to the federal agency – even local volunteers who were helping others do just that. Most residents did say they got paid and had positive experiences with FEMA. Overall, FEMA has approved $263 million for 138,000 North Carolina households.
Residents and community advocates say there are some key reasons why people here may not be applying for aid. Some say they don’t trust the government because it’s let them down before. Some say they aren’t familiar with FEMA and concerned about how it works. Some worry that if they accept aid, others who need it won’t get it.
Logistics and shoddy infrastructure have also made it hard for people in this rural, mountainous area to fill out forms online and in person. Helene knocked out power, internet, cellphone service, roads and driveways for an untold number of people in regions where these services were already unreliable or where some people didn’t have computers or cellphones to begin with.
When people in North Carolina did apply, they often encountered confusing bureaucratic hurdles to get help or were denied. Many have yet to see a dime. This affirmed many residents’ initial skepticism of the government’s ability to help.
As the weeks wore on, the number of people in North Carolina that FEMA projected to apply for assistance fell, according to internal information The Post obtained. The disaster area roughly includes 1.7 million households.
In an interview, Colt Hagmaier, the agency’s assistant administrator for recovery, acknowledged that North Carolina has unique challenges and said the agency is “helping reach people who are hesitant and (convincing) them that the damage or loss they have is worth applying for.”
“We are doing everything we can to help people get registered,” he said.
In January, FEMA made sweeping changes to speed up assistance. They introduced a rapid $750 payment to cover expenses that quickly pile up after a disaster such as food, bills and gas, especially when power goes out. Experts and FEMA said that change enables more people apply for emergency cash, meaning more residents in North Carolina would and could sign up. (It also makes it more difficult to compare this year’s application numbers to the past.)
The low number of people applying to FEMA is “concerning” because “it could also affect the state’s long-term recovery funding,” said Maddie Sloan, the director of disaster recovery for Texas Appleseed, a public interest justice center that has worked on disaster recovery issues since 2006 and reviewed Helene’s FEMA data.
Each step in the federal recovery process unlocks another. Federal agencies look at FEMA’s individual assistance data to calculate unmet housing needs as part of their assessment of how to distribute these funds, Sloan said.
Local advocates and some inside FEMA say the barrage of conspiracy theories about the agency and a lack of knowledge about FEMA’s role in responding to disasters has discouraged and angered residents.
On Oct. 3, then-presidential-candidate Donald Trump stood onstage in Saginaw, Michigan, and falsely stated that the Biden administration didn’t have any money for hurricane relief and that the officials “stole the FEMA money … so they could give it to their illegal immigrants.” Other influential figures also propelled a range of conspiracy theories across the internet, exacerbating fears and tensions among residents and federal workers on the ground.
Around that time, applications fell and never bounced back as officials had hoped.
The drop-off in applications, the FEMA official on the ground said, “was unexpected and does not jive with historic precedent, the nature of the impacts from Helene or expectations on the ground.”
“A healthy chunk of this has to be the rhetoric and misinformation,” the person said.
‘The four-letter word’
For local volunteers such as Vicki Randolph, Oct. 4 was when “everything changed.”
That day, she and a crew from Down Home North Carolina, a nonprofit that helps rural, low-income families, were out in the mountains of Watauga County, stopping at houses where people were shoveling mud out of their homes. Per usual, she said, they asked residents: “Did you apply for your FEMA?”
“And this one day, 100% of the people we talked to said, ‘We don’t want the government to come around here. We have guns if they come around here,’” she recalled. “I had no idea why this was happening until I found out what had been said on television.”
On a crisp November afternoon, she took a break outside the State Line Resource station, a big skate warehouse that was turned into a relief center and straddles the Tennessee border, 11 miles outside Boone. People thumbed through donated winter clothes as she wearily recounted a recent argument she’d had with a resident: The $750 was not a loan; their money did not go to immigrants. It has been “a struggle to just hand out these FEMA fliers to encourage people to go to the disaster recovery office,” she said.
Valentine Reilly, who co-runs the Stateline operation, agreed. She said she told her volunteers “don’t use the four-letter word,” because when people heard it, “they got scared.”
Randolph has lived in the high country for 30 years. Mountain people, she explained, don’t like to accept outside help.
Filling out Stateline’s intake form, Sherry Hicks shook her head when Randolph and another volunteer asked if she had applied to FEMA. She said she has “heard too much bad stuff.” In her holler, where she lives on land her family has owned for five generations, stories have gotten around about people “not hearing back from FEMA,” or losing everything and not getting much in return.
And even though they lost four freezers filled with food, she didn’t think FEMA could fix her main problem anyway: sinkholes. It’s now hard to get off the property. Her elderly mother also didn’t apply. She doesn’t have a cellphone, let alone a computer.
Still, Randolph told her about the $750: “free money.”
“I don’t know,” Hicks faltered. “I don’t want to be more discouraged.” Besides, she’d “heard (FEMA) were running people off not letting people bring stuff or help.”
Then she, her mother and teenage daughter got some basic necessities and left. The air turned sharper.
“Who knew the hardest part of recovering from our disaster would be convincing people to get the help they deserve?” Randolph said.
‘Survival economy’
Moriah Cox, whose family has lived in Appalachia for generations, explains it like this: When there’s “never been enough aid to go around,” as has been their experience time and time again, “when aid does come in, it needs to go to whoever needs it the most.”
“That’s survival economy,” she said.
And in her 31 years, Cox said, she and her family have repeatedly been disappointed by government policies on healthcare, the economy and other issues. It gets exhausting, she shrugged, “continuing to be disappointed.”
Her job, though, is requiring her to believe in them. She also works with Down Home North Carolina, now a fellow making $65,000 – a huge lift from the $30,000 she barely pulled in between multiple jobs for years. A big part of her role has been going door to door, convincing people to apply to FEMA.
Even though Hurricane Sandy survivors traveled from Jersey to Watauga County to tell her nonprofit all about FEMA, and even though her tiny “shoebox” square home filled up with brown floodwater, black mold growing in the soggy, caving roof, Cox still had to convince herself to apply.
It took her nearly three weeks.
FEMA gave her the $750 emergency money, but everything else she asked for – housing assistance, medical, lodging reimbursement and more – is pending. FEMA had trouble getting in touch with her, according to her case files.
She said that she has tried calling several times but that she doesn’t have time to wait up to an hour when she’s driving back roads and hours away to neighboring counties to check on people she knows have it worse than she does. By late November, she said, FEMA called and told her they would be sending out an inspector soon – they’ve just been swamped.
“The amount of effort I have to put out just to survive, to feed myself, my pets, to pay the rent for this place that’s falling apart,” she said heatedly. “What extra energy do I have to put in to chase down help and figure out how to get that support for a once-in-a-lifetime event?”
FEMA is not denying a high or unusual number of aid applications, according to the Post’s data analysis. But many people said they are getting denied – which FEMA says usually is a request for more information – or are waiting for an inspector.
Rep. Chuck Edwards, a Republican who represents scores of North Carolina hurricane victims, testified before Congress last month about people’s struggles. This is his first disaster, and he told The Post that he has learned FEMA “operates in a bureaucratic process that makes it difficult to get clear answers.” So exasperated, he created a phone number, “223-FIX-FEMA,” that directs callers to his district office. He has blasted it out on social media, even buying “a radio campaign.”
“Folks have a difficult time understanding what is required of them, and I see a lot of people giving up,” Edwards said.
Is FEMA a risk?
Jenn Baars is one of them. Even though she is a veteran, she was skeptical about FEMA. Her boyfriend, whom she lives with “in the back of a holler” in Swannanoa, refused to apply because he “doesn’t want his name on anything government-related.” They also believed “everything was going to clear up” soon enough, she said.
But then her new car payment of $400, the insurance, the gas, the child support she pays for her two teenagers, the groceries – all the $1300 she pays in bills seemed to hit at once, and suddenly they were in a hole. They had lost a lot by being out of work, she said. The power was also out for almost a month, which meant they threw out hundreds of dollars in food.
Asked about savings, Baars, a 41-year-old caregiver, laughed: “I don’t make enough around here to be able to have something.”
So she figured she would go ahead and file for FEMA. Then she got denied. She’s not sure why. After several calls, she said, someone at FEMA recently told her “that not everyone qualified.”
Trying to shrug off the disappointment, Baars said she’s “just been pushing forward and doing what I can to get caught up.” Right now, she owes $280 on her insurance, money she doesn’t have.
“We never had to deal with this before,” she said of the process. “Every day we are learning what we can do to make it better. That is best that we can do.”
Gilmore, the property manager, lives in a little house on a tree-filled property a few miles away. One night in early November, her neighborhood had a meeting to go over the recovery and what lay ahead. Most people then were still without power, with some using neighbors’ showers to bathe. Like Cox, Gilmore learned that her FEMA application could help the state get more federal dollars. Most everyone in her neighborhood had applied to FEMA, she said, even if, like her, their homes weren’t in bad shape.
She said she swallowed that, wondering to herself: “Is it worth the risk? Is it even going to happen?”
The next day, she went to the mobile FEMA center in town and met the workers in real life, who all “seemed very kind,” she said. A man who has worked for the agency for five years explained why FEMA sets up camps: “to leave whatever housing resources like hotels available for the local people that might need them.” She said that she has learned more about how this major-disaster response works, that there’s been “some misunderstanding” about FEMA’s role.
She signed up. Then, the next day, she became anxious. She’d read up, and didn’t like that FEMA can buy up people’s property or lease their homes.
“I have further processed this whole thing with FEMA. I feel really that I don’t even want any assistance from them,” she texted late that night. “I’m going to cancel my application. I do not want them showing up at my property.”
Also, as a single woman, she said the idea of a stranger showing up to inspect her home “was unsettling.” She changed her application to only ask for the emergency stipend. They added a note to her file to not have anyone come to her property, she said. As of now, her application is in process. They need her to upload receipts of her food and hotel expenses from when she lost power. She is considering it.
On one hand, “$750 is no small thing right now,” she said. On the other hand, in her experience, “to be in a situation of asking for help, and then not receive it is even worse than having asked for it at all.
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https://www.spokesman.com/stories/2024/dec/15/some-nc-residents-distrust-fema-so-much-theyre-hes/
| 2024-12-16T07:11:13Z
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SINGAPORE: EQT has completed its US$1.1 billion (S$1.4 billion) acquisition of PropertyGuru, a leading property platform in Southeast Asia, which was made through the BPEA Private Equity Fund VIII, as reported by Singapore Business Review.
The acquisition comes with a 52% premium to PropertyGuru’s closing share price on May 21. It also includes a 75% premium over the company’s 30-day average share price and an 86% premium over the 90-day average share price, both ending on May 21.
Following the deal’s completion, PropertyGuru’s common shares were no longer traded, and the company was delisted from the New York Stock Exchange on Dec 13. It will now operate as a privately owned company.
EQT plans to support PropertyGuru’s strategy, strengthen its position in Southeast Asia’s PropTech industry, and drive growth in fast-developing markets shaped by urbanisation, a growing middle class, and digitalisation.
Janice Leow, head of EQT Private Capital Southeast Asia and a partner in EQT’s Private Capital Asia advisory team, expressed confidence in the deal, saying that EQT’s experience in technology-driven businesses would help PropertyGuru explore new opportunities and strengthen its position in Southeast Asia’s property market. /TISG
Read also: PropertyGuru to be acquired by EQT Private Capital Asia in US$1.1B all-cash deal
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https://theindependent.sg/eqt-completes-s1-4b-propertyguru-acquisition/
| 2024-12-16T07:11:13Z
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THIRUVANANTHAPURAM: A walk through the historic lanes of world cinema. That is precisely what the exhibition ‘Cinema Alchemy: A Digital Art Tribute’ has made possible on the sidelines of the 29th International Film Festival of Kerala (IFFK) in the state capital. The exhibition on the Tagore Theatre premises continued to draw large crowds on Sunday.
Curated by renowned filmmaker and former Kerala State Chalachitra Academy Chairman T K Rajeev Kumar, the exhibition showcases 50 digital paintings by filmmaker and art director Razi Muhammad, honouring legendary filmmakers from around the world.
The exhibition pays homage to cinematic luminaries such as Akira Kurosawa, Alfred Hitchcock, Andrei Tarkovsky, Agnes Varda, Meera Nair, Adoor Gopalakrishnan, K G George, Mrinal Sen, Satyajit Ray and many more. Each artwork offers an in-depth glimpse into the distinct cinematic approach of these masters, combining elements of surrealism and hyper-realism.
The works are a seamless blend of digital art and cinematic aesthetics, leaving viewers in awe of their creativity and depth. These digital pictures carry the elements of their greatest work of all time.
Visitors to the exhibition noted the meticulous craftsmanship involved in creating the artworks. Razi Muhammad utilised five different software tools and incorporated elements of artificial intelligence to complete the collection. Academy Lifetime Achievement Award recipient Ann Hui, who inaugurated the exhibition, remarked that the display is a reflection of how artistic and technological advancements can merge to create something timeless.
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https://www.newindianexpress.com/cities/thiruvananthapuram/2024/Dec/16/digital-art-offers-glimpse-into-masters-works-at-iffk
| 2024-12-16T07:11:14Z
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AR Rahman Supports Digital Music
Rahman says digital music has made music of all forms and genres accessible to listeners
While purists and legends of the music industry complain and crib that the age of digital music has destroyed the music space, both creatively and commercially; Oscar winning music maestro AR Rahman has a slightly different point of view.
Rahman who is all set for his nation-wide concert Rahmansque, is in favour of digitisation sweeping the music industry.
He says that it has not only made music of all forms and genres accessible to listeners, but has even simplified the process of making music for composers.
In an interview to IANS, AR Rahman argues, “Hordes of music purists love to spend endless hours going on and on about how the age of digital music has completely ruined the art form, and that real music only exists in small, underground scenes”.
Rahman feels a lot of the traditional constraints have been done away with due to digitization. “Reality stands that thanks to these technological breakthroughs, for both the music fan and the music maker, the creative process and the act of listening to music are now easier, less constrained and more accessible than ever before”.
Rahman adds that artists need to innovate and look beyond the conventional OST and album format. "We are living in a society that is dominated by the digital age. So it is a natural progression that almost every element beautifully syncs together. We need to move beyond album covers”.
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https://www.indiatimes.com/technology/internet/ar-rahman-supports-digital-music-104285.html
| 2024-12-16T07:11:14Z
|
Residents of Delhi-NCR experienced another cold morning on Monday as the minimum temperature fell below 5 degrees Celsius for the second consecutive day. According to the India Meteorological Department (IMD), the national capital recorded a minimum temperature of 4.5 degrees Celsius at 5:30 am. However, some areas reported even lower temperatures, with Pusa recording 3.5 degrees Celsius and Ayanagar registering 4 degrees Celsius. Najafgarh was slightly warmer, with a minimum temperature of 6.2 degrees Celsius.
This cold snap followed a similar trend from December 15, when the region recorded a minimum temperature of 4.9 degrees Celsius.
Cold wave conditions expected to intensify
The IMD predicts that the cold wave may strengthen in the coming days, with shallow fog expected across various parts of Delhi-NCR. Calm winds and high humidity are contributing factors to these conditions.
A cold wave in plains areas is officially declared when the minimum temperature drops to 4 degrees Celsius or below, or when there is a decline of 4.5 degrees Celsius to 6.4 degrees Celsius from the normal average. Northern states like Jammu and Kashmir, Punjab, Haryana, and western Uttar Pradesh are also under cold wave warnings.
Air quality worsens amid low temperatures
More From This Section
As the biting cold persists, air quality in Delhi-NCR has deteriorated further. On Monday, the overall Air Quality Index (AQI) was recorded at 355 at 10 am, categorised as “very poor,” according to the Central Pollution Control Board (CPCB).
On Sunday evening, the AQI had already slipped into the “very poor” category, rising to 307 from 294 earlier that day, which was at the higher end of the “poor” range. Low wind speeds and unfavourable weather conditions are causing an increase in pollution levels.
The CPCB categorises AQI levels as follows: “good” (0-50), “satisfactory” (51-100), “moderate” (101-200), “poor” (201-300), “very poor” (301-400), and “severe” (above 400).
With cold wave conditions and worsening air quality, residents are advised to stay warm and limit outdoor activities to protect their health.
|
https://www.business-standard.com/india-news/delhi-ncr-shivers-at-4-5-degrees-celsius-aqi-slips-to-very-poor-levels-124121600360_1.html
| 2024-12-16T07:11:15Z
|
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https://www.wbrz.com/gallery-videos/dec-15-first-glimpse-at-the-christmas-day-forecast
| 2024-12-16T07:11:18Z
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(MENAFN- PR Newswire)
BEIJING, Dec. 16, 2024 /PRNewswire/ -- Sounding the horns, a China-Europe freight train loaded with electronic goods, light industrial items and more drew away from a train station in Southwest China's
Chongqing in early December. The train is headed for European countries including Germany and Hungary through the Trans-Caspian international transportation route in only a few days.
The train marks the official inauguration of a special rail express as part of the China-Europe freight train service starting from Chongqing to Europe, which is a multimodal transport corridor integrating rail and water transportation, Sun Ping, an official from China Railway Chengdu Group Co's public affairs department, told the Global Times.
The corridor passes through Kazakhstan and the Caspian Sea, and ultimately reaches Europe via Turkey or across the Black Sea.
China has highlighted the construction of the Trans-Caspian international transportation corridor as one of eight major initiatives to support high-quality Belt and Road development. In July this year, heads of state from China and Kazakhstan jointly attended the opening ceremony of the Trans-Caspian international transportation route via a video link, Xinhua News Agency reported.
As part of the broader picture, the launch signifies an important development of the China-Europe freight train -- a flagship service contributing to the China-proposed Belt and Road Initiative (BRI), as it opens up a new rail-sea trade route across the Eurasian continent, providing the landlocked countries in Central Asia with more opportunities to grow their economies.
This year marks the 11th year of the BRI, and the beginning of the second golden decade of that framework. According to industry observers, one of the most lauded outcomes of BRI development throughout the year is its contribution to boosting infrastructure and intercontinental connectivity.
Ever-closer connectivity
The ever-expanding China-Europe rail freight service offers a vivid manifestation of how BRI ramps up regional connectivity and facilitates trade and economic exchanges over the last 11 years. The service, marking its 100,000th train run in November, now connects with 227 cities scattered in 25 European countries and over 100 cities in 11 Asian countries.
"Over the past decade, the China-Europe freight trains have delivered 2.1 million types of Chinese-made commodities from Yiwu, a trading hub located in East China's Zhejiang Province dubbed as the world's supermarket, to BRI partner countries. Those goods include automobile and parts, photovoltaic products, machinery and other high value-added products. It also delivered over 100,000 types of commodities from over 100 countries, such as wines and medical devices from Europe to China," Hu Xiaowei, a representative from China Railway Shanghai Group Co, told the Global Times.
According to Hu, this year, the signature BRI railway network has recorded continuous improvement, including improved efficiency, lowered running cost, fewer delays, in addition to adding new destinations, consolidating its role as a key pillar in ensuring smooth operation of international supply chains.
"The project demonstrates that China is joining hands with BRI partner countries to build a good path of prosperity, characterized by shared economic growth, complementary trade, and closer people-to-people connections," Hu noted.
In recent years, global maritime links have significantly expanded under the enhanced BRI cooperation framework. For example, on the other side of the Pacific Ocean, Peru's Chancay Port is set to serve a direct route to Shanghai which will operate two container ships a week, after the landmark BRI project in Latin America commenced trial operation on November 14.
Maya Majueran, director of Belt & Road Initiative in Sri Lanka, described the Chancay Port as one of the most strategic and meaningful advancements under BRI infrastructure connectivity in 2024.
"This groundbreaking connectivity initiative will significantly upgrade cargo movement between Chile, Ecuador, Colombia and Asia, forging critical links with China, Japan, South Korea as well as other Asia-Pacific countries," Majueran told the Global Times on Wednesday, while highlighting that the port's role as a key hub for trade between China and Peru.
In addition to Peruvian products, Brazilian soybeans, iron ore, and chilled meat, along with Colombian coffee and avocados, will also be transported to Asia through this new shipping route in the future, helping the Latin America region to tap into new opportunities brought by the Asia-Pacific economic integration, Majueran noted.
Network taking shape
This year also witnessed a number of new milestones across multiple regional connectivity projects which are part of the BRI, including the third anniversary of the China-Laos Railway operation, as well as the first year of operation of the Jakarta-Bandung High-Speed Railway.
Based on a framework comprising "six corridors, six routes, and multiple countries and ports," a multi-tiered infrastructure network is now taking shape, according to a white paper released by China's State Council Information Office. Analysts said the network is laying a solid foundation for broader cooperation among BRI partners, in addition to strengthening cultural and people-to-people exchanges among the peoples.
According to Majueran, China always places great emphasis on infrastructure development, recognizing it as the launch pad of economic take-off.
During the fourth symposium on Belt and Road construction work held this month, China said that ramped-up efforts should be made to create new space for win-win development at a higher level under the BRI framework, and with greater resilience and sustainability, Xinhua reported.
"Connectivity has been listed as a priority of BRI development...Enhanced connectivity and deeper economic cooperation are crucial to unlocking economic potential and fostering sustainable development throughout the Global South," Majueran said.
Wirun Phichaiwongphakdee, director of the Thailand-China Research Center of the Belt and Road Initiative, told the Global Times on Thursday that the overarching transportation network under BRI embodies "the spirit of peace and cooperation, openness and inclusiveness, mutual learning and mutual benefit," which holds significance against the backdrop of rising unilateralism and protectionism in the world.
"Looking ahead, the BRI will make greater contribution to building a global community of shared future and establishing a more just and reasonable international order," the director noted.
SOURCE Global Times
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https://menafn.com/1108995999/Global-Times-China-Proposed-BRI-Drives-Major-Infrastructure-Upgrades-And-Fosters-Closer-Global-Connectivity
| 2024-12-16T07:11:19Z
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Sri Lankan President Anura Kumara Dissanayake Receives Ceremonial Welcome at Rashtrapati Bhavan, Meets Indian Leaders
|
https://www.thehawk.in/tag/uttarakhand-current-affairs
| 2024-12-16T07:11:18Z
|
HANOI: In a strategic move to meet the soaring demand for artificial intelligence (AI) services and data centres, Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are in discussions about the potential construction of new undersea fibre-optic cables.
According to The Star, these cables would be critical in enhancing the region’s digital infrastructure.
South-East Asia, a key hub for cables connecting Asia to Europe, is seeing a rapid expansion of its undersea networks as countries in the region work to support the growing needs of the digital economy.
Vietnam alone plans to add 10 new submarine cables by 2030.
The ongoing Sino-American tech rivalry has cast a spotlight on undersea cables, with both superpowers vying to secure contracts for the construction and maintenance of these vital links that carry most global internet data, including sensitive information.
One of the plans being considered involves laying a direct cable between Vietnam and Singapore, with an estimated cost of US$150 million.
However, discussions on this potential project remain fluid, with sources indicating that Sovico favours the direct link while Keppel is pushing for a more ambitious plan involving a consortium of investors.
Under this alternative plan, Sovico’s proposed cable to Vietnam would be part of a larger project connecting Singapore to Japan, with further links to various countries along the route.
However, no agreements have been finalized, and the details of the negotiations are still evolving.
Sovico, which operates in industries such as aviation and banking, recently made headlines with its data centre development initiatives.
While the company declined to comment on the ongoing discussions with Keppel, its executive had previously raised the subject of the cable plans in a meeting with Vietnam’s Prime Minister Pham Minh Chinh and other stakeholders in the digital economy.
Keppel, a key player in the region’s data centre and undersea cable industries, is also expanding its footprint in AI-ready infrastructure, as evidenced by its recent purchase of a data centre facility in Japan.
While Singapore remains a major hub for such projects, its data-usage capacity is nearing saturation, which makes these proposed cables even more significant.
Although no decisions have been made regarding the construction of either of the proposed cables, sources indicated that Chinese contractors would not be involved in the Vietnam-Singapore direct link.
U.S. officials have reportedly briefed Vietnamese and Singaporean authorities about the potential risks of involving Chinese contractors, citing concerns over national security and broader geopolitical tensions.
These new cable plans are separate from previous announcements by Vietnamese companies to invest in four new undersea cables, with some set to be constructed by Japan’s NEC and China’s HMN Technologies.
As talks continue, the future of Southeast Asia’s digital infrastructure remains in the spotlight, with key decisions on the horizon that could shape the region’s role in the global data economy.
|
https://theindependent.sg/singapores-keppel-and-vietnams-sovico-group-explore-new-undersea-cable-projects-to-boost-data-centre-industry/
| 2024-12-16T07:11:19Z
|
By Steuart Pennington
Journalists will tell you the good news is often difficult to find because it is usually in the form of a trend which requires research and investigation. Bad news is easy to find because it is most often a dramatic event, in your face, downloadable and requires little investigation. Listen to SAfm, watch Carte Blanche and read the Sunday Times as living proof of this
There are 5 trends that I have researched and investigated this year, some good, some better, and some bad. I summarise them in bullet form below with a link to the article:
- Poverty, Unemployment and Inequality – Good story. Over the past 20 years SA has made considerable progress in the reduction of this worrying troika. I wrote to the Minister of Social Development, Ms Tolashe, and explained:
-
- Government transfers have substantially reduced abject poverty, but not significantly moderate or relative poverty
- Formal housing numbers have increased
- Home ownership has grown
- Income and wealth inequality has declined, the SA GINI co-efficient is outdated and inaccurate
- Real unemployment, citizens who don’t have any work is at +/- 15% not 32.9% as StatsSA reports, the difference being ‘official’ vs ‘unofficial’ numbers. See link below:
Open Letter to Ms Sisisi Tolashe – Minister of Social Development
Readers may not agree with the budget, the sustainability and the wisdom of our Social Grant/ Government transfers system (another debate), but the facts are that abject poverty has been substantially reduced. The World Bank figures take no account of the ‘value’ of such transfers and therefore can be questioned in terms of their veracity.
- The NHI and Health Care in SA – Bad story: Over the past 20 years the state of our health care has declined dramatically. The NHI will not change this, only worsen it. I wrote to the Minister of Health, Mr Motsoaledi, and explained:
-
- 45% of our 3479 clinics are either dysfunctional or under-resourced
- 60% of our 394 hospitals are either dysfunctional or under-resourced
- We have 18 Open Medical Aid schemes in SA (can be joined by anybody) and 58 Restricted (for specific employer groups) with a total of 9 699 000 members, 16% of the population comprising (2022 figures)
- 5 100 000 Black members,
- 486 000 Coloured members,
- 744 000 Indian/Asian members
- 3 369 000 White members.
- We have 200 ‘Private’ hospitals in SA owned by Netcare, Medi-Clinic and Life Healthcare which service these medical schemes.
The grand plan of NHI is to close down ‘private’ medical aid schemes and private hospitals. See link below:
Open Letter to Minister of Health: Dr. Aaron Motsoaledi
My view is that the NHI is another government example of outdated socialist logic, the reader need look no further that the debacle that has unfolded with the UK and NHS. The issue is not as much about cost as it is about private initiative, service, professionalism, quality and yes, competition – all of which has gone backwards with NHS – let alone the feeding trough opportunity in SA. Just imagine if the same was tried with education.
- Sport and Olympic prowess – Bad story: Of 205 participating nations – 89 won medals. SA ranked 42nd overall, in the top 50% of medal winners, and in the top 25% of participating countries. Good story? – No. I wrote to the Minister of Sports and Culture, Mr Gayton Mckenzie, and explained:
-
- In medals per capita we rank 71st out of the 89 countries, in the bottom 20%
- Government spending on sport is incoherent and often unsupportive of some sporting disciplines
- 9735 out of a total of 22587 public schools have no sporting facilities at all = 43%
- Only approx 7250 schools offer 4 or more sporting disciplines
- Our school-going population is 12 684 886 learners, that means statistically 5 454 500 children in our schools have no access to sporting facilities at all!
- We have little in the way of talent scouting, sporting academies and high performance centres
open-letter-to-minister-of-sports-arts-culture-mr-gayton-mckenzie
Rassie’s innovations in rugby with finding talent, giving them opportunity, finding coaches and giving them opportunity shows that in just 13 years a sport can be completely transformed to what he calls ‘the new normal’ – merit alone. Minister Gayton must get close to this example.
- Business and Politics – Better story: The cocktail of the GNU, adding a Business Pledge mixer, Informal sector fruit and a Civil Society straw is beginning to taste better. John Endres, CEO of the Institute of Race Relations inspired my article.
-
- Leg 1: The Changing role of the State; Coalition governments, local, provincial and national and the GNU – better prospects for investment
- Leg 2: Private sector initiative through B4SA, working with government – considerable re-building
- Leg 3: Civil society oversight and contribution through 250 000 registered NGO’s – assisting where government is failing.
- Leg 4: A vigorous informal sector contributing R1 trillion to GDP and engaging 8 million citizens – reducing real unemployment
sas-future-is-the-table-sturdier-than-before
This represents the way forward, not a jumble of scenarios, we are on the road to an improved future.
- International and Local Investment – Better story. I have used JP Landman’s extensive piece of investigative reporting here.
-
- In 2023 total investment in the country amounted to just over R1 trillion. Total GDP was just over R7 trillion, which means investment came to 15% of GDP.
- It is below the 25% National Development Plan’s ambition but still an enormous number. It comes to R114 million per hour, every hour of each of the 365 days of the year!
- Traditionally, fixed investment in South Africa comprised about two-thirds from the private sector and one-third from the public sector. In recent years, the public sector share has declined, and the private sector share has increased. By 2023, the numbers came to 71% and 29%, respectively. The private sector is becoming ever more important.
- A total of R943.8 billion is budgeted for public-sector infrastructure spending over the 3 years from 2024 to 2027.
- The trick in making SA 1 big construction site requires that investment in both the public and private sectors must increase from 4% to 10% of GDP to 10% and 15%, respectively.
- Since 2018, the political climate on public-private partnerships and using private capital in the public space has changed significantly. There is a greater willingness to blend public and private money for infrastructure.
- More stringent project requirements and the use of more private capital will simultaneously improve the quality of spend and increase the pot of money.
- As for the private sector, all confidence metrics have improved since the formation of the Government of National Unity; and confidence is the foundation of private sector investment.
- Of course, all this may become unstuck due to global events (eg Ukraine, Middle East, Trump) but that is beyond our control. Let’s focus on what we can control.
investment-pulling-it-all-together-2
Conclusion
These 5 trends are worth watching, they will, to an extent inform our future. Personally though, I will be watching what our new Minister of Basic Education Ms Siviwe Gwarube does to reform education in this country, provided she survives the BELA challenge. Real freedom and the opportunity to realize the potential of a country’s human capital are founded upon equal access – to quality education. Without that the troika of poverty, inequality and unemployment will persist no matter the extent of government transfers.
ENJOY YOUR FESTIVE BREAK, THANKS FOR YOUR SUPPORT, AND THANKS FOR READING
(We will be closed 16th Dec – 10th Jan)
|
https://www.sagoodnews.co.za/christmas-reading-5-important-based-trends-for-sa-in-2025/
| 2024-12-16T07:11:19Z
|
THIRUVANANTHAPURAM: Even as the young crop of directors have backed the advent of Artificial Intelligence (AI) in the making of movies, not all are on board with this shift. Twenty-year-old Cyril Abraham Dennis, whose feature debut Watusi Zombie! is scheduled for three screenings at IFFK, voiced his concern over the pace at which AI is taking over human creativity.
The heated debate over the disruptive technologies took centre stage during the Day 3 ‘Meet the Director’ session, on Sunday.
Cyril was joined by directors Satish and Santosh Babusenan (Mukhakannadi), Vipin Radhakrishnan (Angammal), Ishan Shukla (Schirkoa: In Lies We Trust), Abhijit Mazumdar (Body), Amala Popuri, producer of Body and Omara Shetty, actor in The Shameless. Mira Sahib moderated the session, which was held at Tagore Theatre in front of a packed audience.
The Babusenan brothers opined that the definition of creativity itself would be changed in the future.
“Now, if you make a film using AI, you’ll have to hide it. But tomorrow, if you are not using AI in your creativity, then you’re very old-fashioned’, they said.
Vipin Radhakrishnan added that the capability of AI in the technical aspects of movie-making was commendable.
Beginning with a quick introduction to each of their films, the discussion soon shifted to the alternative ways of funding and production possibilities of new-age filmmaking. Ishan Shukla said the concept of Film Markets, though complicated in the process, was helpful in finding international collaborators.
Omara Shetty shared her experience of facing heavy financial crunches and the help extended by four countries. Amala Popuri suggested her successful model of crowdfunding as another alternative that could be emulated.
Conclusion of meet
The discussion ended on a hopeful note with many agreeing that AI, if used thoughtfully and positively, could open up new markets for films. Director Balu Kiriyath concluded the session, thanking the audience for their encouraging participation
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https://www.newindianexpress.com/cities/thiruvananthapuram/2024/Dec/16/from-crowdfunding-to-ai-directors-explore-new-horizons-at-iffk
| 2024-12-16T07:11:20Z
|
Breaking Bad's Piracy Record
More than 500000 illegal downloads of Breaking Bad were made in less than 12 hours.
The much hyped season finale of Breaking Bad might have set some records for the cable television industry in recent times, with an estimated viewership of 10.3 million; but Breaking Bad’s last episode also topped charts for illegal downloads.
More than half a million illegal downloads of the show were made in less than 12 hours.
Leading the charts for the 500,000 illegal downloads was Australia with almost 20 % of the illegal downloads coming from down-under.
Breaking Bad fans from USA, UK, Canada followed the Aussies…And Surprise! India came in at number five, accounting for 5 % of the illegal downloads. The list was released by TorrentFreak.
According to industry watchers, the presence of highly developed TV markets on this list is disturbing proof that Internet piracy is thriving in regions where users have legal options to view content.
Breaking Bad even dominated the internet, and triggered nearly thrice as many tweets than the next most talked about event.
|
https://www.indiatimes.com/technology/internet/breaking-bad-india-in-top-5-list-for-illegal-downloads-104283.html
| 2024-12-16T07:11:20Z
|
Infosys co-founder Narayana Murthy recently defended his comments advocating for a 70-hour workweek, emphasising the need for hard work among young people to achieve the goal of making India “number one”.
Murthy expressed these views during the Indian Chamber of Commerce’s centenary celebrations in Kolkata, which he described as “the most cultured place in the entire country”.
Reflecting on Infosys’s aspirations, Murthy remarked, “At Infosys, I said we will go to the best and compare ourselves with the best global companies. Once we compare ourselves with the best global companies, I can tell you we Indians have a lot to do. We have to set our aspirations high because 800 million Indians get free ration. That means 800 million Indians are in poverty. If we are not in a position to work hard, then who will work hard? as reported by NDTV.
Shifting perspectives
Murthy shared memories from his youth, recalling his admiration for Jawaharlal Nehru and socialism during the establishment of the Indian Institutes of Technology. He mentioned how his father frequently spoke about India’s progress during that era. However, his perspective shifted during his time in Paris in the 1970s.
“My father used to talk about the extraordinary progress that was happening in the country at the time and we were all sold on Nehru and socialism. I had the opportunity to work in Paris in the early 70s, and I was confused. The West was talking about how filthy and corrupt India was. In my country, there was poverty and the roads had potholes,” he said.
Comparing India to the West, Murthy noted, “There (West), everyone was reasonably prosperous and trains ran on time, and I thought this can’t be wrong. I met the leader of the French Communist Party, and he answered all my questions, but not to my satisfaction.”
More From This Section
Creating jobs to fight poverty
Murthy underlined the importance of job creation as a solution to poverty. “I realised the only way a country can fight poverty is by creating jobs that lead to disposable incomes. The government has absolutely no role in entrepreneurship. I also realised entrepreneurs build a nation as they create jobs, they create wealth for their investors and they pay taxes,” he explained.
Highlighting his economic philosophy, Murthy said, “Therefore, if a country embraces capitalism, it will create good roads, good trains, and good infrastructure. In a poor country like India where capitalism had not taken roots, I realised if I had to come back and experiment in entrepreneurship, then we have to embrace compassionate capitalism.”
Admiration for Kolkata
Murthy expressed his admiration for Kolkata, saying, “In some way, this is the most cultured place in the entire country. When I think of Kolkata, I think of Rabindranath Tagore, Satyajit Ray, Subhash Chandra Bose, Amartya Sen, and a host of other personalities.”
He further emphasised the importance of blending economic systems for India’s growth: “I am very proud of the culture of our country, which goes over 4,000 years. It shows how unbelievably generous this culture was… Embrace compassionate capitalism. It is practicing capitalism while combining it with the best aspects of liberalism and socialism so that this country stands steadily as a stellar example of capitalism.”
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https://www.business-standard.com/india-news/we-indians-have-a-lot-to-do-narayana-murthy-defends-70-hour-workweek-124121600353_1.html
| 2024-12-16T07:11:21Z
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Start-up putting ammo vending machines in grocery stores plans to grow
Candy, ice and lottery tickets have long been impulse items sold at checkouts in American grocery stores. Now bullets are joining the list of merchandise peddled to consumers as they exit at a growing number of stores around the country.
Dallas-based startup American Rounds rolled its first automated retail ammo machine into a Fresh Value grocery store in Pell City, Alabama, late in 2023, selling various brands of rifle, shotgun and handgun ammo.
The company advertises its machines as a safer and more convenient way to buy ammo than at a large retail store or online. But public health experts have questioned whether the company’s suicide prevention efforts are sufficient, and elected officials in areas where machines were set up have worried that the easy availability of ammunition could lead to impulsive purchases by people who seek to do harm.
“If you’re in the ammunition space … you have a social responsibility to make things as safe as possible while maintaining the integrity of the Second Amendment,” American Rounds CEO Grant Magers told the Washington Post. “We wanted to accomplish both.”
The ammunition kiosks operate in nearly a dozen grocery stores across Texas, Oklahoma, Alabama and Colorado. Fresh Value, Lowe’s Market and Super C Mart all host the kiosks at some store locations. Representatives for all three companies declined to comment when reached by The Post.
In a 2023 promotional video for the rollout of American Rounds kiosks, Fresh Value Chief Operating Officer Terry Stanley said the company was “excited to offer … what we think is the first ammo kiosk.”
“There is no doubt that foot traffic will increase based on the feedback that we’ve gotten,” Stanley said. “We’re super excited not only to have it here, but in other locations in Fresh Value as well.”
Since its kiosks made headlines in July, Magers said, American Rounds has signed over 200 contracts and received requests for machines in nearly every state. But the machines have still been placed in only a handful of new locations. Magers cited ongoing contract negotiations and production limits as causes for delay and said the company’s goal is to ship around 100 units in 2025.
“We knew we had something special, but we didn’t know that it was going to explode like that,” Magers said.
The machines use a touch screen to display their goods – there is no transparent glass panel to view the ammo inside, as with other types of vending machines.
“These are double-walled steel, 2,000-pound machines that are always indoors under security cameras,” Magers said. “(Ammo is) not sitting on a shelf, you know, like your bread aisle in the grocery store.”
Company policy dictates that customers be at least 21 years old to purchase ammo at an American Rounds machine, regardless of state laws. The machine uses the same identity verification technology as the Transportation Security Administration at airport checkpoints, Magers said. There is no federal requirement that sellers verify a buyer’s ID before an ammo sale, but federal law does limit the types of rounds people under 21 can purchase.
“We’re the only company in America that say can say 100 percent, every (ammo) purchase, that there’s an ID verified,” Magers said.
Research indicates a correlation between firearm availability and suicide, which experts say is often an impulsive act, especially in rural areas similar to those where American Rounds machines operate, though the kiosks sell only ammunition and not firearms themselves.
American Rounds says it’s aware of that phenomenon and has partnered with a pro-Second Amendment mental health nonprofit, Walk the Talk America, to reach kiosk customers in crisis. The company displays ads for mental health screenings on its machines, which also show customers the national suicide hotline phone number, 988, before every use.
“We’re offering material for people to get help that need help,” Magers said.
But public health experts questioned the effectiveness of the safeguards.
Paul Nestadt, associate professor of psychiatry and behavioral sciences at Johns Hopkins School of Medicine, compared the machine’s warnings to signs on bridges saying, “Don’t jump. Seek help.”
“We’ve studied those. They’re not effective,” Nestadt said. “If someone is impulsively going to attempt suicide, that sign doesn’t seem to stop them.”
Nestadt said a common myth about suicide is that it often involves a plan, while in reality the majority of attempts are impulsive.
“By making (ammo) more accessible, there’s less time for that impulse to pass, for the heat to die down,” Nestadt said.
Magers responded to Nestadt’s analogy by highlighting the safety steps the company has already taken: raising age limits and requiring IDs. He compared his company’s approach to safety to that of a car manufacturer.
“People still have car accidents and have tragedy, but they take steps to make it safer,” Magers said. “They don’t just say, ‘Okay, we’re not going to use cars anymore.’”
Nestadt said regardless of whether there are more safeguards, more ammunition availability always raises the risk.
“When you put candy near the register … more candy is sold,” Nestadt said. “We know that more ammunition and guns in the community increases suicide rates. We’ve been studying this for decades.”
Ammo sales have been good and are steadily rising as buyers grow familiar with the machines, according to Magers, though American Rounds did remove one machine in Tuscaloosa, Alabama, in July due to poor sales.
The machine generated just four total sales in seven months, according to a Fresh Value statement provided to WBRC 6 News.
“That location, just for whatever reason, just didn’t generate any (sales),” Magers said.
The same machine dispensed controversy when Kip Tyner, Tuscaloosa City Council president, raised constituent concerns at a council meeting on the issue. Tyner told WBRC 6 News he is not against guns but thought the machines were a joke at first and “didn’t like it at all.”
“We know we’ve got a problem with guns – and people that have guns, I should say,” Tyner said. “So why make it more convenient to buy ammunition?”
Magers said the machine’s removal took place before to the council meeting and had no connection.
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If you or someone you know needs help, visit 988lifeline.org or call or text the Suicide & Crisis Lifeline at 988.
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Video: Dallas-based startup American Rounds deployed automated ammo retail machines to four states in grocery stores and planned to expand. Public health experts had concerns about enabling impulsive purchases to do harm.© 2024 , The Washington Post
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https://www.spokesman.com/stories/2024/dec/15/start-up-putting-ammo-vending-machines-in-grocery-/
| 2024-12-16T07:11:23Z
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Region Outlook
North America
Europe
Asia
Rest of World
1.
North America
-
North America is estimated to contribute
35%. To the growth of the global market.
The Hyperscale Data Center Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027.
In the realm of geographic landscapes, the hyperscale data center market is witnessing significant growth, driven by the increasing adoption of cloud services. Sustainability is a key focus area, with green data centers gaining traction through the implementation of renewable energy sources like Solarvest and Centexs. Retail e-commerce, IT telecom, entertainment media, and financial services are major sectors fueling this market's expansion. Scala Data Centers and Infrastructure are essential components, with data center size being a significant factor. Cloud Providers, including Amazon Web Services, Vantage data centers, Cloud HQ, and PT Indosat Tbk, are capitalizing on market advantages and opportunities. However, market restraints and challenges persist, such as high capital expenditure and operating expenses. The advent of Web 2, e-commerce, online game hosting, Hadoop, OVHcloud, Atempo Group, and Miria Platform, along with IP data traffic, OTT applications, IoT, Big Data, NGFWs, and cloud-based solutions, are shaping the market's future. SMEs are also embracing cloud computing and big data analytics, contributing to the IT spending.
The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for cloud services and digital transformation. Companies are investing heavily in building and expanding their data center infrastructure to support their growing digital needs. Hyperscale data centers offer cost savings through economies of scale and improved operational efficiency. These large-scale facilities are designed to house thousands of servers and offer high levels of reliability and redundancy. The market is expected to continue growing as more businesses move their operations online and require the infrastructure to support their digital initiatives.
For more insights on North America's significant contribution along with the market share of rest of the regions and countries -
Download a FREE Sample
Segmentation Overview
Type
1.1 Critical infrastructure
1.2 Support infrastructure
End-user
2.1 BFSI
2.2 Energy
2.3 IT
2.4 Others
Geography
3.1 North America
3.2 APAC
3.3 Europe
3.4 South America
3.5 Middle East and Africa
Get a glance at the market contribution of rest of the segments -
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1.1 Fastest growing segment:
The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for cloud services and digital transformation. Companies are investing heavily in building and expanding their data center infrastructure to support their growing digital needs. Hyperscale data centers offer cost savings through economies of scale and improved operational efficiency. These large-scale facilities are designed to house thousands of servers and offer high levels of reliability and redundancy. The market is expected to continue growing as more businesses move their operations online and require the infrastructure to support their digital initiatives.
Research Analysis
The Hyperscale Data Center Market is experiencing significant growth due to the increasing demand for IP data traffic, particularly from Over-The-Top (OTT) applications and the Internet of Things (IoT). Big Data and its analysis are driving the need for advanced Network Gateway Firewalls (NGFWs) and Cloud-based solutions. Small and Medium Enterprises (SMEs) are also adopting these technologies, fueled by increasing IT spending on Cloud services. Sustainability is a key consideration, with a shift towards Green data centers using renewable energy sources such as Solarvest and Centexs. Infrastructure components, including Data Center Size, are being optimized for Financial Services and other industries. Market Advantages include cost savings, scalability, and flexibility, while Market Opportunities lie in emerging economies and industries. Market Restraints and Challenges include security concerns, regulatory issues, and Capital Expenditure requirements. Cloud Providers continue to innovate, offering advanced features and services to meet these demands.
Market Overview
The Hyperscale Data Center Market refers to large-scale data center facilities designed to support the infrastructure needs of cloud computing companies and other technology organizations. These data centers prioritize scalability, efficiency, and flexibility to accommodate the dynamic nature of hyperscale IT environments. They typically employ advanced technologies such as containerization, automation, and high-density computing to optimize resource utilization and reduce operational costs. The market for hyperscale data centers is experiencing significant growth due to the increasing demand for cloud services and the digital transformation initiatives of businesses across various industries. Key features of hyperscale data centers include their massive size, modular design, and the use of renewable energy sources to minimize carbon footprint.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8
Geographic Landscape
9 Drivers, Challenges, and Trends
10
Vendor
Landscape
11
Vendor
Analysis
12
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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https://menafn.com/1108996000/Hyperscale-Data-Center-Market-35-Of-Growth-To-Originate-From-North-America-Technavio
| 2024-12-16T07:11:25Z
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THIRUVANANTHAPURAM: The fourth day of the International Film Festival of Kerala (IFFK) on Monday will showcase 67 films across 14 theatres in various categories. Highlights include Akira Kurosawa’s Seven Samurai in the Restored Classics section, the Iranian film Me, Maryam, the Children and 26 Others in the International Competition category, and Lifetime Achievement Award winner Ann Hui’s works Boat People and The Postmodern Life of My Aunt. The World Cinema section will feature Abhijit Mazumdar’s Body, while the Festival Favourites category will screen Sean Baker’s Anora and Grand Tour by Miguel Gomes.
Another major attraction of the day is the Aravindan Memorial Lecture by French music composer and producer Beatrice Thiriet, scheduled at 2.30pm.
The World Cinema section will also screen films like The Divorce, Young Hearts, and Viet and Nam. In the Latin American section, The Longest Summer and The Freshly Cut Grass will be featured. The Madhu Ambat Retrospective includes An Ode to Lost Love, while the Female Gaze category will showcase films such as Holy Cow and Sima’s Song. Contemporary Filmmaker in Focus will highlight Hong Sang-Soo’s Ha Ha Ha, and Khandhar will be screened under the Celebrating Shabana Azmi section.
Notable premieres at IFFK include Young Hearts, a story of teenage love between Elias and his neighbour Alexander. The film won the Crystal Bear award at the Berlin International Film Festival.
The Divorce narrates the conflict between Salimsak, a Kazakh villager, and his wife after he performs as a woman in a play during the 1920s. This film was awarded Best Picture at the Shanghai International Film Festival.
Viet and Nam, which was screened at the Cannes Film Festival, portrays the lives of two miners working deep beneath the Earth’s surface.
Additionally, Malayalam films to be screened on the day include Appuram, Mukhakannadi, Victoria, Kishkindha Kaandam, Velicham Thedi, and Saudi Vellakka.
Highlights
Akira Kurosawa’s Seven Samurai in the Restored Classics section, the Iranian film Me, Maryam, the Children and 26 Others in the International Competition category, and Lifetime Achievement Award winner Ann Hui’s works Boat People and The Postmodern Life of My Aunt
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https://www.newindianexpress.com/cities/thiruvananthapuram/2024/Dec/16/iffk-2024-67-films-to-be-screened-on-day-4
| 2024-12-16T07:11:26Z
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Sri Lankan President Anura Kumara Dissanayake Receives Ceremonial Welcome at Rashtrapati Bhavan, Meets Indian Leaders
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https://www.thehawk.in/tag/vehicle-check-fake-currency
| 2024-12-16T07:11:25Z
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Popular activation will be open from 11 – 24 December 2024, featuring daily appearances from beloved DreamWorks characters
Johannesburg, 2 December 2024: The DreamWorks channel and Mall of Africa announced today that, following its resounding success earlier this year, the DreamWorks channel’s “Find the Fun” activation will return to the Mall of Africa this upcoming holiday season. From Wednesday 11 December until Tuesday 24 December, families in Johannesburg will be able to enjoy this unique and unforgettable DreamWorks experience.
Situated outside Spur in the Centre Court of the mall, “Find the Fun” will be open to young visitors every day from 9:00AM to 6:00PM, free-of-charge. Attendees can enjoy a play area featuring daily, 1:00PM appearances from some of the beloved DreamWorks characters. There will be delightful meet-and-greet photo opportunities with Poppy, Queen of the Trolls; King Julien from Madagascar; Gabby from Gabby’s Dollhouse; Po from Kung Fu Panda; and the legendary cat, Puss in Boots.
Young fans will get to slide down the Trolls rainbow, test their memory skills with the DreamWorks character memory game wall, jump on mini trampolines, have fun with a face cutout wall, bounce around in a soft play area, and unleash their creativity in a colouring zone. Plus, those who participate in the interactive games will stand a chance to win prizes.
The entertainment will not end there. This festive season, “Find the Fun” will extend throughout the mall, with a custom-created treasure hunt specially designed for those that enjoy exploring and solving clues. The “Find the Fun” activation at Mall of Africa will also include a screening area, where kids can enjoy popular programming from the DreamWorks channel.
DreamWorks “Find the Fun” will be open during Mall of Africa’s regular trading hours.
Available on DStv channel 304 across Africa, DreamWorks is a 24-hour channel dedicated to kids and family entertainment featuring some of the world’s most renowned big screen characters and franchises.
For more information, or regular updates about the upcoming activation, visit the Mall of Africa or follow the centre on social media
- DreamWorks “Find the Fun” is a free-of-charge play zone available to children under the age of 12 years.
- Adult supervision is required at all times.
- The number of visitors may be restricted due to space constraints in the area during busy periods.
“Find the Fun” meet-and-greet schedule:
· Wednesday 11 December – Poppy
· Thursday 12 December – King Julien
· Friday 13 December – Puss In Boots
· Saturday 14 December – Kung Fu Panda
· Sunday 15 December – Gabby
· Monday 16 December – Poppy
· Tuesday 17t December – King Julien
· Wednesday 18 December – Puss In Boots
· Thursday 19 December – Kung Fu Panda
· Friday 20 December – Gabby
· Saturday 21 December – Poppy
· Sunday 22 December – King Julien
· Monday 23 December – Gabby
· Tuesday 24 December – Kung Fu Panda
ABOUT DREAMWORKS
DreamWorks, the 24-hour, HD, kids and family network brings DreamWorks’ beloved movie heroes to the small screen to star in their own TV shows. The channel features award-winning, original television series such as The Boss Baby: Back in Business, Trolls: The Beat Goes On!, and Kung Fu Panda: The Paws of Destiny. The channel also presents a daily morning preschool block, DreamWorks Junior, for two to five-year-olds featuring favourites such as Dragons: Rescue Riders and Noddy Toyland Detective. DreamWorks is currently available in 13 languages across 100 countries in Asia-Pacific, Africa, Europe, Latin America, and the Middle East.
ABOUT NBCUNIVERSAL INTERNATIONAL NETWORKS & DIRECT-TO-CONSUMER
As one of the world’s premier entertainment portfolios, NBCUniversal International Networks & Direct-to-Consumer delivers quality content and compelling brands to over 160 territories across Europe, the Middle East, Africa, Latin America and Asia Pacific. Delivering a full range of entertainment experiences to local audiences across the globe, the unique brands include UNIVERSAL TV, SYFY, E! Entertainment Television, 13TH STREET, DIVA, Studio Universal, Telemundo, Bravo and DreamWorks. Universal+ (a hybrid linear and non-linear service) aggregates the group’s brands on affiliate platforms, offering subscribers both live programming and an extensive range of compelling VOD content, including territory premieres and full boxsets, available all in one place. NBCU’s direct-to-consumer activity outside the US includes Hayu, the all-reality SVOD service available in 45 territories – including the UK, Canada and across Europe and Asia Pacific.
NBCUniversal is one of the world’s leading media and entertainment companies. We create world-class content, which we distribute across our portfolio of film, television, and streaming, and bring to life through our theme parks and consumer experiences. We own and operate leading entertainment and news brands, including NBC, NBC News, MSNBC, CNBC, NBC Sports, Telemundo, NBC Local Stations, Bravo, USA Network, and Peacock, our premium ad-supported streaming service. We produce and distribute premier filmed entertainment and programming through Universal Filmed Entertainment Group and Universal Studio Group and have world-renowned theme parks and attractions through Universal Destinations & Experiences. NBCUniversal is a subsidiary of Comcast Corporation.
ABOUT MALL OF AFRICA
Mall of Africa, situated in the vibrant Waterfall City, has been honored with the 2024 Sunday Times Generation Next Award as the ‘Coolest Mall’ for an impressive seven consecutive years. This iconic shopping destination offers an exciting lifestyle experience, with its architecture inspired by the stunning landscapes and geological wonders of Africa.
Opened on 28 April 2016, it has quickly become one of the top destinations for a comprehensive shopping and lifestyle experience. This ultra-premium retail showcase provides access to 300 retailers, including many flagship stores. Mall of Africa continually pushes the boundaries of innovation, technology and originality to create a unique shopping experience for visitors. Stores in the mall range from renowned local brands such as Maxhosa AFRICA, Freedom of Movement, Era by DJ Zinhle and Yuppiechef to international luxury labels like EL&N, Emporio Armani, Hugo Boss, Michael Kors, Tiger of Sweden, Paul Smith and Versace Jeans Couture, among others.
Mall of Africa is South Africa’s largest shopping mall ever built in a single phase, boasting over 130,000 m² of retail space. The mall is thoughtfully organised into uniquely themed court areas, designed for seamless shopping navigation. It also offers exceptional access, prime location, and high visibility. Strategically positioned between Johannesburg and Pretoria, Mall of Africa serves as a visual, social, and economic anchor within Waterfall City. Conveniently located off Allandale Road, it continues to establish itself as a dominant super-regional shopping destination.
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https://www.sagoodnews.co.za/dreamworks-channel-find-the-fun-returns-to-mall-of-africa-this-holiday-season/
| 2024-12-16T07:11:26Z
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Twitter to Make IPO Filing Public
Twitter plans to make its IPO filing public this week, news website Quartz reported, citing a person familiar with the social media network's plan.
NEW YORK: Twitter plans to make its IPO filing public this week, news website Quartz reported, citing a person familiar with the social media network's plan.
Twitter, which is expected to be valued at up to $15 billion, filed with US regulators on September 12 to go public, but did so confidentially and without providing a timeline under a process available to emerging growth companies.
Quartz said that Twitter's IPO could still be delayed by a variety of factors, from changes to the prospectus to market conditions, to a potential shutdown of the US government. Representatives for Twitter did not immediately respond to a request seeking comment on the Quartz report.
Twitter is leaning toward picking the New York Stock Exchange over Nasdaq for its highly anticipated initial public offering, a person familiar with the matter said last week.
Another person familiar with the matter said earlier this month that Twitter aimed for its shares to trade in the stock market before the US holiday of Thanksgiving on November 28, a timeline also reported by Quartz on Sunday.
Reuters
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https://www.indiatimes.com/technology/internet/twitter-to-make-ipo-filing-public-this-week-104179.html
| 2024-12-16T07:11:27Z
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Inventurus Knowledge Solutions (IKS) IPO closes today: Rekha Jhunjhunwala-backed initial public offering (IPO) of Inventurus Knowledge Solutions (IKS) which opened for public subscription on Thursday, December 12, 2024, is set to conclude today, Monday, December 16, 2024. The public offering has so far received a decent response from investors, with the issue getting oversubscribed by 4.40 times, riding on the back of Non-Institutional Investors and Retail Individual Investors (RIIs) who oversubscribed their respective categories by 7.25 times and 6.49 times, respectively. Meanwhile, the quota reserved for Qualified Institutional Buyers (QIBs) has been oversubscribed by 2.30 times, as of 11:27 on Monday, December 16, 2024, according to NSE data.
The IKS IPO is a book-built issue of Rs 2,497.92 crore, which comprises an entire offer for sale (OFS) of 1,87,95,510 shares. Among the promoter group, Ashra Family Trust, Aryaman Jhunjhunwala Discretionary Trust, Aryavir Jhunjhunwala Discretionary Trust, and Nishtha Jhunjhunwala Discretionary Trust are participating in the OFS. Besides them, individual shareholders are also taking part in the OFS.
IKS IPO is available at a price band of Rs 1,265 and Rs 1,329 per share, and a lot size of 11 shares. Accordingly, investors can bid for a minimum of 11 shares and in multiples thereof. A retail investor would require a minimum of Rs 14,619 to bid for one lot or 11 shares and Rs 1,90,047 to bid for the maximum 13 lots or 143 shares of the public issue.
That said, the unlisted shares of Inventurus Knowledge Solutions continue to command a strong premium in the grey market on Monday, December 16, 2024. Sources tracking grey market activity revealed that IKS shares were quoted at Rs 1,734 apiece, reflecting a grey market premium (GMP) of Rs 405 or 30.47 per cent over the upper price band of Rs 1,329.
Inventurus Knowledge Solutions has also succeeded in garnering reviews from several brokerages, including Swastika Investmart, Mehta Equities, and Deven Choksey Research, for its IPO. READ MORE
As the IKS IPO closes for subscription today, the basis of allotment of the company’s shares is expected to be finalised tentatively tomorrow, December 17, 2024, with shares credited to investors' demat accounts by Wednesday, December 18, 2024.
Shares of Inventurus Knowledge Solutions are scheduled to list on the BSE and NSE tentatively on Thursday, December 19, 2024.
More From This Section
Since the IPO comprises an entire offer for sale of equity shares, Inventurus Knowledge Solutions will not receive any proceeds from the public offering.
Link Intime India serves as the registrar for the IKS IPO, while ICICI Securities, Jefferies India, JM Financial, JP Morgan India, and Nomura Financial Advisory and Securities (India) are the book-running lead managers.
Inventurus Knowledge Solutions specialises in healthcare operations and analytics, providing solutions that optimise revenue cycle management (RCM) and improve operational efficiency for clients in the US healthcare sector. The company's promoters include Sachin Gupta, Rekha Jhunjhunwala, and the Jhunjhunwala family trusts, as disclosed in the Red Herring Prospectus (RHP).
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https://www.business-standard.com/markets/news/final-hours-iks-ipo-closes-today-subscription-zooms-4x-gmp-up-30-124121600320_1.html
| 2024-12-16T07:11:27Z
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A headteacher says an 11-hour school day could be rolled out across more schools after a £20,000 trial boosted behaviour, homework completion and students’ “sense of belonging”.
Andrew O’Neill, the head of All Saints Catholic College in Notting Hill, west London, ran two non-compulsory extended school provision (ESP) pilots for year 7 and 8 pupils over the summer and autumn terms.
A report on the trials showed missed homework sanctions were down 12 per cent and stars for good behaviour were up 16 per cent for those who took part in the summer pilot.
O’Neill plans to open the initiative up to more students next year, adding: “What excites me most about the ESP is its scalability.
“This is not limited to our school – it has the potential to inspire a new approach to education across the broader community and beyond.”
The 10-week summer term and four-week September pilots saw the school day extended from 7am to 6pm on Monday to Thursday for 120 and 85 pupils respectively.
This included an hour’s homework support after school, as well as extracurricular activities such as sports, drama, cooking, creative arts and oracy. Breakfast and dinner were also provided.
Behaviour improves
The school said the number of stars awarded for good behaviour to students who took part in the summer trial increased from 2,114 to 2,448, or 16 per cent. Stars were just given out during the regular school day, so this wasn’t skewed by the longer hours.
The number of sanctions dished out for missed homework fell by 12 per cent. And a “targeted review” of the 10 students with the highest number of “negative behaviour logs” in the six weeks before the trial revealed a 60 per cent reduction in such incidents during the summer pilot.
The findings were pulled together by the school, and there was no control group – meaning changes could be down to other factors. But the “dramatic improvement” suggests the impact of the policy in engaging children was “fostering a more positive school experience”, the report stated.
Over all the pupils taking part in the autumn 2024 pilot – the 84 per cent who attended twice a week or more throughout – there was a 20 per cent reduction in bad behaviour logs in the four weeks after the programme. This showed the scheme’s “ability to instil lasting behavioural changes”, O’Neill said.
His senior leaders ran the breakfast club, and teachers were paid to oversee the homework club, but activities from 4.30pm to 7pm were largely run by paid external organisations.
The study comes as a government survey of more than 10,000 teachers and school leaders found that a third were considering leaving the profession in the next year, with many citing pupil behaviour as a key reason.
The previous government set out an expectation that schools should provide at least a 32.5-hour week for pupils from this September.
Tories dodged extended day plan
It came after the Conservatives refused to commit to funding a £10 billion plan by Sir Kevan Collins to extend the school day to help children catch up from lost learning during the Covid-19 pandemic.
The total expenditure on All Saint’s initial pilot was £20,105, including £6,444 on staffing, £5,199 on curriculum costs and £8,452 on catering fees. This equated to 0.22 per cent of the school’s annual £9 million revenue budget.
Parents contributed £4,800 toward the pilot. They paid £10 per week for pupils to access all the activities on offer, but it was free for children on pupil premium.
All Saints plans to “evaluate the long-term feasibility of the current pricing model” and investigate additional funding sources. It will also monitor the workload toll.
Research by the Education Policy Institute think tank concluded that additional time in school was “associated with a small, yet positive, effect on overall attainment in both primary and secondary school”.
At secondary, an additional hour of weekly school time was associated with almost a fifth (0.17) of a grade improvement in one GCSE subject.
O’Neill hopes to run the 11-hour school day from the end of February or early March to all students in year 7 and 8 – with no cap on numbers. These age groups are where issues with “non-attendance” start and “bad habit” start, he said.
But he will also consider extending participation to year 9 and year 10 students for exam preparation. He said: “We have seen 14 years of the decimation of services that help children to thrive. We as schools need to be the vanguard of bringing that back and advocating for children.”
|
https://schoolsweek.co.uk/11-hour-school-day-pays-dividends/
| 2024-12-16T07:11:29Z
|
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https://www.wbrz.com/videos/530pm-news-replay-sunday-dec-15-66524
| 2024-12-16T07:11:30Z
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- A slim majority of economists — 13 out of 24 — polled by CNBC expects the Bank of Japan to stand pat after its two-day policy meeting ends on Thursday.
- The same majority predicts the central bank will raise rates in January.
- Analysts see the yen strengthening to 147.4 against the U.S. dollar by end-2025 from around 154 currently.
The Bank of Japan (BOJ) is likely to keep its benchmark interest rate unchanged this week as it awaits greater clarity on domestic wages and spending trends as well as policy changes by the incoming administration of U.S. President-elect Donald Trump, according to a survey of economists polled by CNBC.
A slim majority of 13 out of 24 economists, or 54%, said BOJ is likely to keep its benchmark interest rate unchanged at 0.25% at the end of its two-day meeting on Thursday. The same number of economists expect the Japanese central bank to raise rates in January. The survey was conducted between Dec. 9-13.
The BOJ, which last raised rates in July, has signaled its readiness to tighten further if wage growth and prices align with its projections. In a recent media interview, BOJ Governor Kazuo Ueda suggested another rate hike is "nearing in the sense that economic data are on track," but he also noted risks, including wage trends next year and potential changes in U.S. economic policy.
Japanese interest rates are the lowest among developed countries due to the BOJ's longstanding policy of supporting the country's moribund economy. The policy has kept the yen weak against most major currencies, boosting exports and tourism and spurring the so-called "carry trade" when investors borrow yen to bet on higher-yielding assets. These trends could reverse as Japanese interest rates rise while central banks elsewhere begin to lower rates.
Many economists told CNBC they believe that recent data indicates Japan's economy is broadly on track to achieve the central bank's 2% inflation target, driven by wage growth. However, they noted the BOJ might prefer to wait another month to evaluate wage-driven inflation dynamics, focusing on momentum from next year's spring wage negotiations and Trump's trade and tariff policies.
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The BOJ has yet to gain confidence in its outlook, according to Akira Otani of Goldman Sachs Japan. He noted the central bank lacks sufficient clarity on whether small and medium-sized enterprises can sustain wage increases, a risk flagged by the BOJ as crucial to achieving its inflation target. Japanese unions typically negotiate wage increases in the first three months of the calendar year ahead of the financial year that begins in April.
Money Report
The view that the central bank is likely to hold rates this week also gained traction after recent media reports suggested policymakers wanted more time to monitor overseas risks and gather additional clues on Japan's wage outlook.
"The BOJ's confusing communications" now suggests a likely outcome of the central bank leaving rates unchanged to await additional information from the spring wage negotiations and U.S. policy developments, Shigeto Nagai, head of Japan Economics at Oxford Economics, said in a note last week.
Regular wages in Japan have been growing annually at a rate of 2.5% to 3%, with inflation staying above the BOJ's 2% target for 30 consecutive months. While authorities are keen to normalize monetary policy, they are also wary of raising rates too quickly following more than two decades of deflation. Indeed, Japanese household spending has declined for three straight months as of October, while factory output has been volatile.
Teppei Ino, head of Tokyo Global Markets Research at MUFG Bank, also highlighted shifting market expectations due to media reports. Overnight swap markets have significantly reduced bets on a December rate hike, assigning a 77% probability of no change as of Monday morning – much higher than the about 35% likelihood of standing pat priced in at the end of November.
"Judging from the (media) reports so far, it seems the likelihood of a rate hike being postponed has increased," Ino told CNBC on Friday.
"However, considering the current trend of yen depreciation and the upcoming FOMC meeting just before the BOJ meeting, we should keep in mind that there remains a possibility of an abrupt decision to raise rates if the USD/JPY reaches levels like 155," Ino said, referring to the Federal Open Markets Committee meeting scheduled this week.
The yen was trading around 154 to the dollar on Monday morning.
To be sure, some economists still expect the BOJ to tighten policy this week.
Nomura expects the BOJ to raise its policy rate by 25 basis points on Thursday, citing fundamentals such as the economy and prices being on track. However, it also acknowledged that a hike might be delayed due to uncertainties surrounding U.S. policy.
"We think the BOJ could also decide to put off any rate hike if it decides to place greater emphasis on uncertainties, including U.S. policy conduct and market trends (in the forex market in particular) during the Christmas season, when markets tend to be quiet," research analyst Kyohei Morita said in a Dec. 11 note.
The brokerage also pointed to uncertainty around the government's fiscal support for households as a potential factor that might prompt the BOJ to hold off its rate increase. Prime Minister Shigeru Ishiba, whose government lacks a parliamentary majority, is currently in negotiations with opposition parties over the size of a proposed increase to the minimum annual taxable income threshold.
Currency Risks
Many analysts highlighted the Japanese yen as a key factor influencing their outlook on the BOJ's decisions.
"The most important and likely driver that could change my outlook is the yen," said Kazuo Momma, executive economist at Mizuho Research, who said the BOJ is likely to stand pat this week and raise the benchmark rate by 25 basis points in January. "Accelerated yen depreciation would upset the public and the federal government, forcing the BOJ to adopt a more aggressive stance on hiking," he said.
Jun Takazawa, Asia Economist at HSBC, emphasized risks from both directions.
"On one hand, a stronger U.S. dollar driven by fiscal, monetary, and trade policies in the U.S. could weigh on the yen and accelerate the BOJ's policy normalization process. On the other hand, a weaker yen — within limits — supports Japan's reflation efforts, so excessive yen strength could delay rate hikes."
According to CNBC's survey of 24 analysts, the yen is forecast to average 147.4 against the U.S. dollar by the end of 2025. The dollar rose 2.4% against the yen last week as traders scaled back bets on a BOJ rate hike this month.
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https://www.nbcnewyork.com/news/business/money-report/bank-of-japan-expected-to-keep-rates-on-hold-this-week-cnbc-survey/6072427/
| 2024-12-16T07:11:29Z
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Millions Of Afghans Face Dire Hunger As Winter Approaches, WFP Warns
Date
12/16/2024 1:19:00 AM
(MENAFN- Khaama Press) The World Food Program (WFP) states that with the arrival of winter in Afghanistan, millions of Afghans are facing food shortages.
On Monday, December 16, the organization posted on its X page that many of these individuals are confronted with a dangerous choice.
According to the WFP, those in need are forced to choose between warmth and food for their children.
Previously, the World Food Program had stated that 14.8 million people in Afghanistan will require urgent assistance in the upcoming winter.
However, the UN Office for the Coordination of Humanitarian Affairs (OCHA) in Afghanistan noted that, out of approximately 23.3 million people in need, only more than 15 million will be reached in 2024.
Foreign aid agencies have also predicted that a harsh winter awaits the people of Afghanistan.
This comes at a time when the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) had requested 3.06 billion dollars to address the needs of the vulnerable.
This situation highlights the growing humanitarian crisis in the country, which requires immediate international attention and support. As the winter season intensifies, it is critical that aid organizations work swiftly to alleviate the suffering of those in need and ensure basic survival needs are met.
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https://menafn.com/1108996001/Millions-Of-Afghans-Face-Dire-Hunger-As-Winter-Approaches-WFP-Warns
| 2024-12-16T07:11:32Z
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The highly anticipated Spider-Man: Beyond the Spider-Verse has encountered yet another major delay. The film is set to give a conclusion to Miles Morales' animated journey. Initially slated for release on March 29, 2024, the film was removed from Sony’s release schedule earlier this year, with no concrete timeline in sight. According to a recent update from Deadline, the movie will not hit theatres in 2025 either.
While rumours in September suggested the film could be delayed until 2027 due to large portions being scrapped, producer Christopher Miller and composer Daniel Pemberton swiftly dismissed such claims. This debunking, paired with the recent update, suggests a likely release window in 2026.
Adding to this uncertainty, Spider-Man: Across the Spider-Verse star Jharrel Jerome, who voices Miles G Morales, confirmed he hasn’t recorded any lines for the third instalment yet—a telling sign of the film's delayed progress.
The first two entries in the Spider-Verse trilogy, Into the Spider-Verse and Across the Spider-Verse, were both critical and commercial triumphs, raising expectations for the finale. Spider-Man: Beyond the Spider-Verse is credited as the third film that will follow the story of Miles Morales.
(This story originally appeared on Cinema Express)
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https://www.newindianexpress.com/entertainment/english/2024/Dec/16/spider-man-beyond-the-spider-verse-to-not-release-in-2025
| 2024-12-16T07:11:32Z
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Glenmark Pharmaceuticals share price: Pharmaceutical major Glenmark Pharmaceuticals shares rose up to 2.27 per cent to hit an intraday high of Rs 1,551.75 per share on Monday, December 16, 2024.
The uptick in Glenmark Pharmaceuticals share price came after the company announced the launch of Lacosamide Oral Solution, 10 mg/mL. Lacosamide is a medication used to treat and prevent seizures, also known as convulsions, in individuals with epilepsy.
“We are excited to announce the launch of Lacosamide Oral Solution, 10 mg/mL, strengthening our commitment to bring to market quality and affordable alternatives for patients,” said Marc Kikuchi, president and business head, North America of Glenmark Pharmaceuticals.
Glenmark Pharmaceuticals’ Lacosamide Oral Solution, 10 mg/mL is bioequivalent and therapeutically equivalent to the reference listed drug, Vimpat Oral Solution, 10 mg/mL of UCB, Inc., Glenmark Pharma said in a statement.
The Vimpat Oral Solution, 10 mg/mL market achieved annual sales of approximately $57 million, according to IQVIATM sales data for the 12-month period ending October 2024.
About Glenmark Pharmaceuticals
More From This Section
Glenmark Pharmaceuticals is a global, research-driven pharmaceutical company with expertise in Branded, Generics, and OTC segments. The company specialises in key therapeutic areas, including respiratory, dermatology, and oncology.
Glenmark Pharmaceuticals’ US portfolio features 201 approved products and 51 abbreviated new drug approvals (ANDAs) currently awaiting FDA approval. Beyond its internal development, Glenmark actively seeks external partnerships to strengthen and expand its pipeline and portfolio.
The company boasts 11 state-of-the-art manufacturing facilities across four continents and has operations in more than 80 countries.
The market capitalisation of Glenmark Pharmaceuticals is Rs 43,31.47 crore, according to BSE.
Glenmark Pharmaceuticals shares’ 52-week high is Rs 1,830.05 per share, while its 52-week low is Rs 766.65 apiece.
At 11:40 AM, Glenmark Pharmaceuticals shares were trading 1.17 per cent higher ay Rs 1,534.95 apiece. In comparison, BSE Sensex was trading 0.51 per cent lower at 81.710.75 levels.
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https://www.business-standard.com/markets/news/glenmark-pharma-share-price-up-2-on-rolling-out-lacosamide-oral-solution-124121600332_1.html
| 2024-12-16T07:11:33Z
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Yahoo Settles Copyright Dispute
US Internet giant Yahoo! has settled a two-year lawsuit filed by Asian media group Singapore Press Holdings (SPH) over the reproduction of its news content without permission
US Internet giant Yahoo! has settled a two-year lawsuit filed by Asian media group Singapore Press Holdings (SPH) over the reproduction of its news content without permission, both firms confirmed Monday.
SPH, which publishes Singapore's Straits Times newspaper and other dailies, in November 2011 asked the city-state's High Court to stop Yahoo! from further reproducing articles from its newspapers and pay unspecified damages for copyright infringement.
A joint statement by both firms released Monday said Yahoo! Asia Pacific "acknowledges that it has, in connection with its Yahoo! Singapore News site, reproduced content from SPH's newspapers without SPH's approval".
"As publishers, Yahoo! companies strive to respect the intellectual property rights of others wherever they do business," the statement said. "The actions here by a small number of Yahoo! Asia Pacific employees are deeply regretted. The responsible employees have been disciplined or terminated," it added. The statement said Yahoo! Asia Pacific has paid damages and costs to SPH, but did not specify the amount.
The US firm has also undertaken not to "knowingly or intentionally infringe SPH's copyrights". The move is a reversal of the Sunnyvale, California-based company's initial position in 2011, when it rejected SPH's allegations and filed a counterclaim.
In court documents, the Singapore publisher cited 23 news articles which it said Yahoo! reproduced without permission over a 12-month period, including political and crime stories first published in the print editions of the Straits Times, The New Paper and My Paper.
Yahoo! in turn argued that copyright laws do not protect facts and information. It also claimed SPH reproduced without authorisation several Yahoo! articles and pictures on STOMP, a citizen-journalism website owned by SPH.
Yahoo! is one of the top online sources of news in Singapore, along with the Breaking News section of the Straits Times website, both of which can be accessed free of charge. Both are competing for online advertising revenues along with Microsoft's MSN, which has a news tie-up with Singaporean broadcasting-based group MediaCorp. SPH is one of Asia's biggest media-based groups, with a near monopoly of Singapore's daily newspaper market and prime property assets.
Group revenue in its financial year ending August 2012 was down 9.4 percent from a year ago at Sg$1.25 billion ($995 million), but revenue from its newspaper and magazine business was up four percent at Sg$1.01 billion, according to its annual report.
-AFP
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https://www.indiatimes.com/technology/internet/yahoo-settles-copyright-dispute-with-singapore-press-holdings-104191.html
| 2024-12-16T07:11:33Z
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Sri Lankan President Anura Kumara Dissanayake Receives Ceremonial Welcome at Rashtrapati Bhavan, Meets Indian Leaders
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https://www.thehawk.in/tag/vijay-smarak-kolkata
| 2024-12-16T07:11:33Z
|
This year’s Spanish Scrabble champion is a man who can’t speak Spanish
Nigel Richards could barely exchange pleasantries in Spanish when he arrived at a Scrabble tournament in Spain last month, his competitors recalled.
Despite hardly speaking the language, the New Zealander, who has won dozens of Scrabble tournaments in English, was competing in the Spanish-language Scrabble world championship. Some of his competitors, who were fluent, doubted his chances, said Horacio Moavro, treasurer of the International Federation of Scrabble in Spanish.
“He shut our mouths completely,” Moavro told the Washington Post.
Richards won the competition in Granada, losing only one of his 24 games and topping 147 competitors from across the world. Benjamín Olaizola, the runner-up, told Spanish radio network La Cadena SER that Richards’ victory was a “humiliation.”
And it wasn’t even the first time Richards won a competition in a language he didn’t speak; he has won the French-language Scrabble world championships twice. Richards, who’s considered in the Scrabble community the best player ever, has left others stunned with his latest victory and desperate to understand how his brain works.
“Nigel shows us that we don’t understand the limit of the human brain,” said Stefan Fatsis, the author of “Word Freak,” a book about competitive Scrabble. “And he continues to, in his 50s, demonstrate that there are things the mind is able to do that we might’ve thought of as impossible.”
Richards, however, doesn’t think his Scrabble wins are a big deal, said Michael Tang, who organizes competitive Scrabble tournaments and said he has been friends with Richards for more than two decades. Richards, who is widely known for not giving interviews, could not be reached for comment.
The rules of competitive Scrabble are similar to casual games – the player who earns the most points through their word choices wins. In competitive Scrabble, however, players are given 25 total minutes per game to select their moves.
Most competitive Scrabble players prepare for tournaments by trying to memorize the officially sanctioned dictionary for each language’s game, Fatsis said. Richards possesses an eidetic, or photographic, memory that allows him to easily recall images of the dictionary’s pages, Fatsis said.
Richards, whom Tang said is 57 years old and lives in Kuala Lumpur, Malaysia, said in brief comments in 2011 that there isn’t a “secret” to his success.
“It’s just a matter of learning the words,” he said.
Adrienne Fischer, Richards’ mother, told the Sunday Star-Times, a New Zealand newspaper, in 2010 that Richards had been interested in numbers since he was a toddler and he started playing Scrabble as a 28-year-old. He didn’t attend college, according to the Sunday Star-Times.
“I don’t think he’s ever read a book, apart from the dictionary,” Fischer told the newspaper at the time.
Most competitive Scrabble players work full-time jobs, but Richards lives off prize money – typically between $5,000 and $20,000 for each tournament victory – and lives a minimalist lifestyle, Tang said. He doesn’t own a smartphone, Tang said, and he lives alone in a condo. He often cycles – his favorite hobby – to and from his hotel and tournament locations, Tang said.
Unlike many competitive Scrabble players, Richards doesn’t review recordings of his games in hopes of fixing mistakes, Fatsis said.
“He shows up, he wins and he goes back to his life,” Fatsis said.
After winning five World Scrabble Championships in English, two in French and dozens of other tournaments, Richards was seeking a new challenge, Tang said.
“He was bored,” he said.
For roughly the past year, Richards studied the Spanish-language Scrabble dictionary, memorizing about 600,000 words, Tang said. Between the English, French and Spanish Scrabble dictionaries, Richards has memorized how to spell about 1 million words, Tang said.
“He’s basically better than a computer,” Tang said.
Still, Richards isn’t the first person to win Scrabble tournaments in their nonnative languages. Thai Scrabble players who speak rudimentary English have captured world titles.
Will Anderson, who won the 2017 North American Scrabble championship, said he remembers the English-language Scrabble dictionary the old -fashioned way – by spelling the words frequently as practice. He said he couldn’t imagine memorizing another dictionary – let alone picking up strategies for using foreign language words.
Moavro said the strategy is different in Spanish-language Scrabble; there are more seven-, eight- and nine-letter words than in English-language Scrabble, so it’s common for Spanish players to use larger words and aim for more bingo bonuses.
During the tournament in mid-November, Richards used words that many of the other competitors had never heard of, Moavro said. That included “SABURROSA,” which is used in the medical phrase “língua saburrosa,” meaning a coated tongue. In one game, Moavro said he was impressed when “YE” was on the board and Richards used the letters to spell “DEYECCION,” which means defecation.
Richards also appeared to grasp the strategy. Early in his 21st game, Richards owned a small lead with six vowel tiles and an “S” tile in front of him. He could’ve played “DESOIA,” which means to ignore, for 24 points, Anderson said in a video analysis of Richards’ performance. Instead, Richards played “ORE” for nine points. On his next turn, he used all of his tiles to spell “ACOGIESE,” which means to receive, for 76 points, which included a bingo bonus.
Tang said he jokes with Richards that he picked the wrong game; he should’ve used his mind for chess, where top players can win more than $1 million in competitions.
Nonetheless, Tang said he’s excited to see what Richards will do next.
“The question now is: Will he take on Romanian Scrabble?” Tang said. “There are so many languages of Scrabble championships in play on the world level.”
|
https://www.spokesman.com/stories/2024/dec/15/this-years-spanish-scrabble-champion-is-a-man-who-/
| 2024-12-16T07:11:34Z
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Engen has reaffirmed its commitment to uplifting vulnerable communities across South Africa through impactful partnerships with two key organisations: Gift of the Givers and FoodForward SA. In separate cheque handovers held today, Engen donated an additional R3 million in fuel support to Gift of the Givers and R2 million to FoodForward SA, underscoring its ongoing dedication to supporting essential humanitarian and food security efforts.
Fuelling Hope with Gift of the Givers
Since 2019, Engen has contributed R14.5 million in fuel to Gift of the Givers, South Africa’s leading disaster response organisation. This latest R3 million donation will help ease transport costs, enabling the organisation to reach communities in need across the country.
The official cheque handover took place at Engen’s Cape Town head office, where Sim Manqina, Engen’s Transformation and Stakeholder Engagement Manager, presented the donation to Gift of the Givers founder and chairman, Dr. Imtiaz Sooliman.
Combating Food Insecurity with FoodForward SA
In addition to its support of Gift of the Givers, Engen has also committed R8 million in total fuel donations to FoodForward SA since 2020, helping address urgent issues of food insecurity and child malnutrition. This year’s R2 million fuel contribution will enable FoodForward SA’s trucks to collect surplus food from farmers, manufacturers, and retailers, distributing nutritious provisions to underserved rural communities nationwide.
Marking its 15th anniversary, FoodForward SA recognised Engen’s support in their mission to redirect excess food to those in need. “Engen’s annual fuel donation allows us to reach more impoverished households with healthy food provisions,” said Andy Du Plessis, Managing Director of FoodForward SA. “We are grateful for their generosity and commitment to alleviating hunger across South Africa.”
A Shared Vision for a Sustainable Future
Through partnerships with Gift of the Givers and FoodForward SA, Engen has furthered its goal of creating sustainable, resilient communities. Engen’s contributions support UN Sustainable Development Goals, including SDG 2 – Zero Hunger and SDG 3 – Good Health and Well-being, aligning with the company’s mission to foster a better and more sustainable future for all.
Engen recognises the significant impact of both Gift of the Givers and FoodForward SA in addressing critical challenges facing South Africa. By supporting these organisations, Engen continues to show its commitment to enriching lives and driving positive social change.
#Engencares
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https://www.sagoodnews.co.za/engen-keeps-on-giving-in-support-of-gift-of-the-givers-and-foodforward-sa/
| 2024-12-16T07:11:33Z
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This is CNBC's live blog covering European markets.
European markets are expected to open in mixed territory Monday, as traders gear up for the final Federal Reserve meeting of the year.
The U.K.'s FTSE 100 index is expected to open 4 points lower at 8,292, Germany's DAX up 36 points at 20,443, France's CAC down 1 point at 7,401 and Italy's FTSE MIB up 16 points at 34,876, according to data from IG.
The Fed's decision on Dec. 18 stateside is front and center for global markets this week, with the CME Fedwatch tool forecasting a 96% chance of a 25-basis-point cut by the central bank. Traders will be paying close attention to the updated policy statement and Fed Chair Jerome Powell's press conference for clues about the trajectory for interest rates.
In Europe Monday, investors will be keeping an eye on Berlin where a vote of confidence will take place in parliament Monday. Chancellor Olaf Scholz is expected to call on the German parliament today to declare it has no confidence in him in order for snap polls to take place in February. The move comes after his governing coalition collapsed last month.
Data releases include flash services and manufacturing purchasing managers' index data from France and Germany.
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UK manufacturers' confidence drops due to high costs, budget
Money Report
Confidence among U.K. manufacturers fell to its lowest level for a year in the fourth quarter amid intensifying cost pressures, according to a survey from trade group Make UK and advisory BDO.
Output and orders "remain positive" but sentiment "darkened markedly" from the third quarter, a period in which business confidence had jumped because of optimism about the new Labour government, Make UK and BDO found.
Since then, the announcement of Labour's flagship budget in late October is set to "add substantial extra business costs to those that companies were already facing," the survey authors wrote.
Among the key measures in the budget was an increase to the National Insurance payroll tax paid by employers, a move which has already sparked concern among wider British businesses. That brought the improvement in manufacturing confidence to a "shuddering halt," said Make UK senior economist, Fhaheen Khan.
The survey found 70% of manufacturers have seen their costs already increase by up to a fifth in the last year.
"An overlay of a turbulent geo-political landscape and talk of potential tariffs adds to future uncertainty in the short to medium term," said Richard Austin, head of manufacturing at BDO.
— Jenni Reid
Traders expect Fed to cut this week, pause in January
The Federal Reserve is widely expected to cut rates by 0.25 percentage points on Wednesday, but traders will be paying close attention to the updated policy statement and Fed Chair Jerome Powell's press conference for clues about what comes next.
As of Sunday night, pricing in the Fed funds futures market pointed to a 95.3% likelihood of a rate cut this week, according to the CME FedWatch tool. However, traders are also betting that the Fed will pause its rate cutting cycle in January.
That could be a welcome move for investors who are still uneasy with the path of inflation.
Logan Moulton, portfolio manager at Intelligent Wealth Solutions, said inflation appears to be "stickier" than Fed officials previously thought and that there are risks to upward pressure on inflation when the Trump administration takes office.
"Heading into 2025, I think they should at least pause," Moulton said.
— Jesse Pound
CNBC Pro: Morgan Stanley names 7 beneficiaries of Amazon AWS’ new Trainium 2 AI chip
Morgan Stanley has identified the companies that are set to benefit from Amazon's launch of its new artificial intelligence chip.
The Big Tech giant's cloud computing division Amazon Web Services launched its Trainium 2 AI chip earlier this month. AWS hopes these chips will help it diversify away from Nvidia, its primary AI chip supplier.
The investment bank said seven Taiwanese companies are set to benefit from AWS's new Trainium 2 AI chip.
CNBC Pro subscribers can read more here.
— Ganesh Rao
European markets: Here are the opening calls
European markets are expected to open in mixed territory Monday.
The U.K.'s FTSE 100 index is expected to open 4 points lower at 8,292, Germany's DAX up 36 points at 20,443, France's CAC down 1 point at 7,401 and Italy's FTSE MIB up 16 points at 34,876, according to data from IG.
Data releases include flash services and manufacturing purchasing managers' index data from France and Germany.
— Holly Ellyatt
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https://www.nbcnewyork.com/news/business/money-report/european-markets-head-for-mixed-open-as-traders-focus-on-fed-meeting-this-week/6072450/
| 2024-12-16T07:11:36Z
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Music is at the center of Prime Video’s Bandish Bandits, a show that blends classical and pop tunes. It tells the story of Radhe (Ritwik Bhowmik), a novice singer from an esteemed musical gharana, as he falls in love with Tamanna (Shreya Chaudhry), a rising star with an inclination towards Western music. In the second season of the show, which was released on December 13, the two have fallen apart and have decided to go their own ways. It is music that brings them together. Just like her character, Shreya feels that music has influenced her in many ways in her own life. “It is like therapy for me. I listen to it when I am happy and also when I am sad,” she says.
Acclaimed actor Divya Dutta, who has joined the second season of the show and plays a music teacher, agrees with Shreya. Having worked over the years in numerous films and series, Divya feels that there is a connection between acting and music. “For me, each time I am working on a project, my brother calls to ask me if I have found the sur (tone) for the character. It is important to find that sur,” she says.
Rajesh Tailang, known for working in Mirzapur and Delhi Crime, feels the same. He plays the role of Radhe’s father in Bandish Bandits, caught in the middle of following their family’s tradition and paving a new way. Rajesh says, “As an actor, you have to compose your performance. Acting has a sense of musicality to it.” His drama teacher had given him a piece of advice that stayed with him. “He used to say that as an actor, our dialogue delivery should be a combination of poetry and music,” says Rajesh.
The show has multiple sequences in which actors are lip-syncing to the voice of playback singers. Ritwik’s understanding of it was fueled by observing other actors lip-sync to a song. “As a kid, I used to stand in front of the mirror and sing like Rajesh Khanna, Dilip Kumar or Shah Rukh Khan,” he says. At the same time, when he started working on the show, he found lip-syncing to be tough.
“I realised that it is more than just running around trees and romancing,” he quips, adding that they went through a rigorous workshop with a singing coach that helped them engage with it better. The process was similar even for Shreya, who was told by director Anand Tiwari to look at the breathing patterns of singers as they perform. “I closely observed Nikhita Gandhi, who is the voice of Tamanna in the show, and how she kept the mic at a specific distance from her mouth. These things helped me in making sense of the character,” she says.
Anand is an actor himself, having worked in films like Go Goa Gone (2013), Detective Byomkesh Bakshy! (2015), Chhapaak (2020), and recently in Ae Watan Mere Watan (2024). He feels that his experience as an actor makes it easier for him to connect with the cast better when he is directing. “If they do not understand something, I can see if it is due to my communication issue or the nervousness they are facing or if they just want to go to the toilet,” he laughs, adding that he knows the importance which they bring to the table. At the same time, he wants to keep them real and make them understand the role of other technicians in their performance. “The job of a director is to make everyone believe they are part of something important. I try to restrict myself to that.”
The first season of the show featured fusion music composed by Shankar Ehsaan Loy. Anand says that working with the trio was a learning experience for him as they know how to blend storytelling with music. “During season 1, we sat down with them in the scripting stage and the music was written alongside the dramatic portions. This was important because the songs were part of the narrative and the drama was enhanced through the music,” he says.
This time around, however, the music track of the show features younger musicians and has a more contemporary feeling to it. Anand feels that the choice reflects the change in the musical journey that the characters go through. “We look at Bandish Bandits as an 18-episode series, divided into two seasons. The second part is where the newer composers have come in as the story moves in a different direction,” he signs off.
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https://www.newindianexpress.com/entertainment/hindi/2024/Dec/16/acting-has-a-sense-of-musicality-to-it-rajesh-tailang
| 2024-12-16T07:11:38Z
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Turkey seeks deepened relations with Greece
Date
12/16/2024 1:19:14 AM
(MENAFN) Turkish Communications Director Fahrettin Altun emphasized on Sunday the significance of enhancing relations with Greece via bilateral understanding, business collaboration, and cultural exchange.
"The prosperity of future generations depends on strengthening bilateral relations," Altun stated during a conversation with Greek Newsprint, resolving main local challenges as well as unsettled clashes.
"Promoting mutual understanding, expanding trade opportunities, deepening people-to-people ties, and striving for shared prosperity will benefit everyone.”
"By prioritizing these goals, we can ensure that those who wish to disrupt progress and block the path to cooperation and peace are sidelined," he further noted.
On promoting cultural cooperation, Altun emphasized Ankara’s assistance for the coming back of the Parthenon Marbles to Greece and discussed bilateral respect over serious challenges, such as the Aegean Sea and the Turkish minority in Greece.
"It would be beneficial for the Greek public to understand that the Aegean is not a Greek lake and that Türkiye, with its long coastline, shares this sea and has legitimate rights and vital interests in the region," he added, stressing the demand to address clashes calmly through global policy.
MENAFN16122024000045016755ID1108996002
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https://menafn.com/1108996002/Turkey-seeks-deepened-relations-with-Greece
| 2024-12-16T07:11:38Z
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Shares of JSW Energy gained 3 per cent at 699.30 per share on the BSE in Monday’s intraday deals. This came after the company announced that it has secured multiple renewable energy (RE) projects in the Commercial and Industrial (C&I) power market, achieving a total locked-in generation capacity of 20 GW.
The company's locked-in RE C&I capacity stands at 3.1 GW, which includes 2,654 MW of JSW group captive capacity and 445 MW of third-party C&I capacity. Currently, the operational C&I capacity of the company stands at 488 MW, the company said in a statement on Monday.
The company aims to achieve 10 GW operational capacity by FY 2025 and currently has 7.7 GW of operational capacity spread across thermal, hydro and RE.
It also has 16.2 GWh of locked-in energy storage capacity through battery energy storage system and hydro pumped storage project. JSW Energy aims to reach 20 GW generation capacity and 40 GWh of energy storage capacity before 2030. JSW Energy has set an ambitious target of achieving Carbon Neutrality by 2050.
The private power producer reported a flat net profit of Rs 853.25 crore, a slight increase from Rs 850.16 crore in the same quarter of the previous year. The company’s revenue from operations also saw a minor decline of about 1 per cent, totaling Rs 3,237.66 crore for the period.
JSW Energy Infrastructures reported a significant increase in its standalone net profit, reaching Rs 58.25 crore for the September quarter, driven by higher income. This compares to Rs 11.02 crore in the same period of the previous fiscal year (July-September 2023-24).
More From This Section
The company has a total market capitalization of Rs 12,796.91 crore. Its shares are trading at a price to earnings multiple of 87.92 times and at an earning per share of Rs 4.79.
At 11:56 AM; the shares of the company were up 1.97 per cent at Rs 691.80 a piece. By comparison, the BSE Sensex was trading 0.54 per cent lower at 81,686.89 level.
JSW Energy is a private sector power producer in India and part of the JSW Group, is committed to sustainable growth and providing green energy access to all. The company has a diverse portfolio of power generation assets, including thermal, hydro, and solar power.
JSW Energy is a leader in renewable energy in India, with its JSW Solar division offering EPC and O&M services for solar PV plants. The division also aims to develop a portfolio of energy storage solutions and micro-grids.
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https://www.business-standard.com/markets/news/jsw-energy-shares-rise-3-after-securing-multiple-renewable-energy-projects-124121600339_1.html
| 2024-12-16T07:11:39Z
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Vakrangee share price: Shares of technology company Vakrangee were in action on Monday, December 16, 2024, as the share price zoomed up to 9.97 per cent to hit an intraday high of Rs 30.54 per share.
The surge in Vakrangee share price came after the company announced that its Board of Directors will meet on Saturday, December 21, 2024, inter alia, to consider the proposal for raising of funds by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate.
In an exchange filing, Vakrangee said, “Notice is hereby given that the meeting of Board of Directors of the Company will be held on Saturday, December 21, 2024, inter alia, to consider the proposal for raising of funds by way of rights issue, warrants, preferential issue including a qualified institutions placement or through any other permissible mode and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/ statutory approvals as may be required including the approval of shareholders of the Company.”
However, the size of fund raising was not disclosed by the company in the statement.
At the beginning of the month, Vakrangee announced that Amit Sabarwal had tendered his resignation as Executive Director and Group CEO of the Company, effective December 03, 2024 due to personal reasons.
About Vakrangee
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Vakrangee is a technology-driven company committed to fostering financial, social, and digital inclusion across India.
Established in 1990 in Mumbai, the company has developed an extensive network of over 45,000 retail outlets known as Vakrangee Kendras. The centres serve as one-stop solutions, offering a diverse range of essential services such as banking, insurance, e-governance, e-commerce, logistics, and ATM facilities. By bridging the gap between urban and rural areas, Vakrangee empowers millions of Indians with access to essential services in real-time.
As a business correspondent for leading public sector banks, Vakrangee enables seamless, paperless banking services, making financial access convenient and efficient.
Additionally, the company plays a crucial role in providing software and equipment for crucial government initiatives like Aadhaar and voter ID card issuance.
Vakrangee is listed on both the BSE and the National Stock Exchange (NSE).
The 52-week high of Vakrangee is Rs 37.72, while its 52-week low is Rs 18.45 apiece.
The market capitalisation of Vakrangee is Rs 3,260.46 crore, according to BSE. The company falls under the BSE SmallCap category.
At 12:05 PM, Vakrangee shares were trading 8.93 per cent higher at Rs 30.25 apiece. In comparison, BSE Sensex was trading 0.61 per cent or 504.89 points lower at 81,628.23 levels.
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https://www.business-standard.com/markets/news/vakrangee-shares-skyrocket-10-as-board-to-consider-fundraising-on-dec-21-124121600365_1.html
| 2024-12-16T07:11:39Z
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Now, Plant Pill That Can Reduce Wrinkles
In a first, scientists claim to have developed a new pill that is clinically proven to combat ageing by reducing wrinkles, providing an easier alternative to more invasive measures such as Botox.
LONDON: Ladies, your dream of popping a pill that can make you look younger may finally come true. In a first, scientists claim to have developed a new pill that is clinically proven to combat ageing by reducing wrinkles, providing an easier alternative to more invasive measures such as Botox.
The oral supplement, containing plant compounds and vitamins, could reduce the depth of crow's-feet wrinkles on faces by 10 per cent, tests at an independent clinic in Germany have shown.
The study also showed the supplement stimulated the production of collagen, which can prevent wrinkles from forming, 'The Sunday Times' reported.
The cocktail of ingredients could offer an alternative to more invasive measures such as Botox or the plethora of face creams on which hundreds of millions are spent by people seeking youthful looks.
The ingredients taken by the women in the study were soy isoflavones, which are plant compounds; lycopene, an antioxidant; vitamin C; vitamin E; and omega-3 fatty acids. Silicone moulds were made of crow's feet around the eyes and made again after 14 weeks of taking the supplement. The skin was smoother with less marked wrinkles.
There was a "significant reduction in average wrinkle depth" on a test group of 53 women who took the supplement compared with the control group of 55 women who got a placebo, he report said. "On average, there was a 10 per cent reduction in wrinkle depth in the test group when compared with placebo," the report said.
An analysis of the skin found increased levels of collagen and a "reduced severity" of skin roughness.
"We found that a significantly higher number of individuals consuming the test product showed increased levels of collagen after 14 weeks than those who consumed placebo products. To our knowledge, this is the first published report of increased collagen production in skin as a result of an oral intervention," the report said.
PTI
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https://www.indiatimes.com/technology/science/now-plant-pill-that-can-reduce-wrinkles-104180.html
| 2024-12-16T07:11:39Z
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December 3 celebrated International Day of Persons with Disabilities Day. iSchoolAfrica has been named one of the winners of the Zero Project Award 2025 for its transformative Disability and Inclusion Programme. The Zero Project recognised iSchoolAfrica among 77 innovative solutions from 45 countries out of 522 nominations across 90 nations.
The programme’s recognition reflects its significant contributions to advancing inclusive education through Apple technology and built-in accessibility features, empowering learners with disabilities in South Africa. The programme currently operates in 36 schools, addressing diverse needs such as autism, low vision, deafness, cerebral palsy, and dyslexia.
The award specifically recognises iSchoolAfrica’s Deaf Developers Programme, that has trained eight Deaf youth to become iOS app developers. The iSchoolAfrica team designed the Deaf Developers Programme to transform the narrative of disabled youth unemployment in South Africa. An innovation of this programme also included the introduction of various coding terms into South African Sign Language. The programme has been funded by a grant from SAB Foundation, as well as supported and funded by Core Group.
About iSchoolAfrica
Since 2009, iSchoolAfrica has provided over 100 000 South African learners, from ECD to Grade 12, with state-of-the-art technology and education practices. Together with our partners, school leaders and educators, we have changed teaching and learning in the most under resourced and vulnerable communities across South Africa, giving youth the opportunity to learn, create and succeed. Please donate here to change the future of South Africa. If you are a corporate who would like to be involved as part of your Social Economic Development contribution, please contact; michelle@ischoolafrica.com
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https://www.sagoodnews.co.za/ischoolafrica-disability-and-inclusion-programme-wins-prestigious-global-zero-project-award-2025/
| 2024-12-16T07:11:41Z
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UC San Diego blasts Idaho in second half of ‘unacceptable’ loss
MOSCOW, Idaho – Idaho closes its 2024 home schedule on a monumentally frustrating note.
UC San Diego went on a second-half tear, outscoring the Vandals on the way to an 80-56 win that improved the Tritons to 9-4 and left Idaho at 4-7.
Idaho also lost 6-foot-9 senior Kyson Rose with 7minutes, 39 seconds to play in the first half when he dove for a loose ball and UCSD’s Chris Howell fell hard on him.
Idaho coach Alex Pribble said Rose lost consciousness. Rose was attended by trainers, Pribble, an emergency medical technician and a Moscow police officer before being helped off the court to the locker room and then to the Gritman Medical Center emergency room with undisclosed injuries.
The conclusion of fall semester finals Friday, the absence of students at the game and Rose’s injury may have had some bearing on Idaho’s dismal second half, Pribble acknowledged. However, he said “we have to be a team that despite the distractions and uncontrollables, we have to compete. We didn’t do that tonight.
“That is unacceptable for this program. … We took a step backwards.”
In the first half, the Vandals hit on 8 of 14 from the arc, outshooting the Tritons, who went 4-11. However, it wasn’t enough to offset a free -throw shooting disparity decidedly in UCSD’s favor. Idaho converted its lone free throw in the half. The Tritons hit 11 of 17.
Idaho led 21-19 when Kristian Gonzalez hit a 3-pointer from the top of the key. But in the final 6:18, the Vandals were outscored 20-10 to trail 39-31 at the break.
The game got away from Idaho in the second half as that eight-point deficit eventually grew to 27 points at the 2:46 minute mark before Jojo Anderson finally cut into it with a corner three.Idaho’s shooting tailed off from 11 of 24 in the first half, including 8 of 14 from the arc, to 9 of 27 and 4 of 14, respectively, in the second half.
The Tritons, by contrast, went the other way. They shot 12 of 27 from the floor before the break, 4 of 11 on 3s. In the second half, they were 15 of 31 and 6 of 19.
They also swept Idaho on the boards, 40-29.
“Unfortunately, they were the more physical team tonight. It is hard to say that on your own floor,” Pribble said.
Women’s basketball
The Idaho women won their seventh straight, defeating Utah State 71-56. Idaho (7-2) raced to an 11-0 lead before Utah State (1-10) got back within 32-30 at halftime, and the Vandals withstood a 10-2 run by the Aggies in the second half before pulling away.
Olivia Nelson led the Vandals with 20 points. Jennifer Aadland added 14, Hope Hassmann 12 and Sarah Brans 11.
Elise Livingston paced Utah State with 16.
“It shows our work is paying off,”, Idaho coach Arthur Moreira said. “But our goal is not to win seven games in a row, it is to be playing in March. It is better to learn by winning than losing games, but we still have a long way to go.”
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https://www.spokesman.com/stories/2024/dec/15/uc-san-diego-blasts-idaho-in-second-half-of-unacce/
| 2024-12-16T07:11:44Z
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Naveen Dwarakanath, who made a successful directorial debut with For Regn, is set to helm his next project. After captivating audiences with a heartwarming love story woven into a family drama, Naveen is shifting gears for his second venture—an action-packed family drama. This time, his mentor, K Chandrashekhar, who wrote the script, is also stepping in as the producer.
The script is currently in its final stages, and once it is complete, the makers' focus will shift to casting and assembling a technical crew that aligns with the film's vision.
A well-known name in the Kannada film industry, K Chandrashekhar previously choreographed the beloved song ‘Sura Sundara’ from O Mallige, starring Ramesh Aravind. The song was a massive hit, celebrated for its stunning choreography, music, and Ramesh Aravind's performance. Now, with his return to the industry, Chandrashekhar is making his mark as both a writer and producer through his production house, Apara Studios.
"It’s a collaboration rooted in trust, mentorship, and a shared vision," says Naveen Dwarakanath, adding, "We will lock the script and simultaneously finalize the cast and crew."
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https://www.newindianexpress.com/entertainment/kannada/2024/Dec/16/k-chandrashekhar-to-write-produce-naveen-dwarakanaths-next-directorial
| 2024-12-16T07:11:44Z
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- The European Central Bank struck a dovish tone last week, backed up by comments from arch-hawk Robert Holzmann on Friday.
- Money markets are continuing to price in a fall in the key ECB rate to 1.75% by September next year, with a hold beyond that.
- Questions remain over what the central bank considers its "neutral rate" and whether it could go below that to support economic growth.
The European Central Bank delivered an expected quarter-point interest rate cut this week — and alongside the announcement came several indications that rates will swiftly move even lower early next year.
ECB President Christine Lagarde did note during her Thursday press conference that policymakers gathered in Frankfurt did not believe the fight against inflation is fully over, with services inflation still a concern.
However, on the whole, it was the most dovish meeting of the current cycle, not least because the ECB's fresh macroeconomic projections forecasted lower rates of inflation and economic growth both this year and next.
Economists also jumped on the removal of the ECB's message that the central bank must "keep policy rates sufficiently restrictive for as long as necessary." Lagarde stressed that there were downside risks to the already-weak euro zone growth outlook, but said the inflation picture had significantly improved and included upside risks. She also said that a larger, half-point cut had been debated, and that Governing Council (GC) members unanimously voted to reduce rates.
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The new ECB staff forecast, meanwhile, put average headline inflation just above target at 2.1% in 2025, with stronger price rises expected at the start of the year suggesting it could fall below target later in the year.
Money Report
The dovish shift was emphasized Friday when Austrian central bank chief Robert Holzmann — widely perceived as the ECB's arch-hawk and the only Governing Council member to vote for a rate hold rather than a cut in June — told reporters there would be no danger in cutting rates next year if the economy progresses as expected, according to Reuters.
Where is neutral?
Holzmann also said markets had a "similar assessment to the central bank's" that interest rates will fall toward a neutral level — when monetary policy is balanced between boosting and restricting growth — of around 2% next year.
The ECB cut the deposit facility — its key rate — to 3% on Thursday.
What constitutes the neutral rate has been a key point of debate in recent months, and Lagarde said Thursday that while it had not been discussed at the December meeting, staff saw it between 1.75% and 2.5%.
A further question for market participants is whether the ECB will take rates below this neutral level if inflation cools even further and the growth outlook deteriorates, as has been floated by France's central bank governor, Francois Villeroy de Galhau.
This week's messaging has broadly confirmed existing market bets on the ECB's rate-cut plan for 2025.
According to LSEG data, money markets are continuing to price in a fall in the key ECB rate to 1.75% by September next year, with a hold beyond that.
But some analysts said there was now support for rate cuts going beyond that.
Deutsche Bank economists said in a Friday note that the ECB was on course for sub-neutral rates in 2025, given the trend for weak growth and below-target inflation.
They added that their baseline outlook was for a 1.5% rate at the end of 2025 via quarter-point cuts, but that a half-point move remained possible.
Dean Turner, chief euro zone and U.K. economist at UBS Global Wealth Management, stopped his forecast at a rate of 2% in June, but said risks were now "tilted towards the ECB having to do more, not less, to support the economy in 2025" — likely to mean further cuts later in the year rather than larger moves earlier on.
However, Kamil Kovar, senior economist at Moody's Analytics, argued in a note that stubborn core inflation would continue to spur ECB caution next year.
"We think that after March, the battle over how far to lower rates will start in earnest. We have no cut in April and the last cut in June, leaving rates at 2.25%," Kovar said.
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https://www.nbcnewyork.com/news/business/money-report/heres-what-we-now-know-about-the-european-central-banks-rate-cut-plans/6072478/
| 2024-12-16T07:11:44Z
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Taliban’s Khalil Ur-Rahman Haqqani killed: Why it matters
The most high-profile assassination in Afghanistan since 2021 has sparked questions over divisions within the Taliban.
The Taliban’s minister of refugees, Khalil Ur-Rahman Haqqani, was killed along with four others in a suicide attack in Kabul on Wednesday.
The deceased minister was a senior leader within the Haqqani Network, the Taliban’s closest ally which has jointly controlled power in Afghanistan since 2021.
Haqqani’s killing was claimed by the ISIL (ISIS)-affiliate in the Khorasan Province, ISKP, and marks the most significant assassination of a leader in Afghanistan’s Taliban-led administration since the ouster of the United States-backed government of former President Ashraf Ghani three years ago, say analysts.
The bombing, they say, has raised questions about internal tensions within the Taliban and its allies, the influence of the ISKP in the country and security in Afghanistan more broadly.
Who was Khalil Ur-Rahman Haqqani?
Haqqani was the uncle of Sirajuddin Haqqani, the Taliban’s interior minister and the senior-most leader of the Haqqani Network.
Before being appointed as the minister for refugees, Khalil Ur-Rahman Haqqani was first charged with the security of Kabul city immediately after the Taliban seized control of the country. He was previously the Haqqani Network’s operational commander aiding al-Qaeda’s military in Afghanistan, and was crucial to his network’s fundraising efforts.
In 2011, the US Treasury Department designated him a “terrorist”, with a reward of up to $5m for information leading to his capture and prosecution.
“He was incredibly significant,” said Ashley Jackson, the co-director at the Geneva-headquartered Centre on Armed Groups, adding that he was “instrumental in the creation of the Haqqani Network”.
“Moreover, he had a strong power base … within the government. We saw him early in the administration making moves to exert authority over UN agencies, and he was fairly autonomous and did his own thing basically,” added Jackson.
Indeed, Haqqani’s appointment to the ministry raised eyebrows among Western officials in 2021, said Graeme Smith, a senior consultant with the International Crisis Group. “They remembered him as a tough commander during the war and they worried that the refugee ministry would require a softer kind of personality who works well with NGOs,” he said.
But inside the government, Smith added, Haqqani became known as a pragmatist. “He was reputed to be lobbying behind the scenes for girls and women to attend secondary schools and universities,” he said.
While the Taliban has imposed a number of restrictions on women’s freedoms since taking over, there has been a degree of internal resistance, largely coming from the Haqqani leadership, towards the complete ban on women’s higher education in Afghanistan, say analysts.
“He was a formidable figure within the Haqqani Network. And the loss of a member with [a] ministerial position would diminish Haqqani’s power,” Jackson said.
Is the Taliban-led administration divided?
While the attack was quickly claimed by the ISKP, the stature and nature of the target have sparked speculation over whether the assassination was the result of an internal tussle within the Taliban-led administration in Afghanistan.
An attack targeting a senior member of the Taliban and the Haqqani Network would have required a degree of planning and, possibly, infiltration, Jackson said.
“One cannot just simply walk up to someone like Khalil Haqqani and do this. He was a man who was — by all reports — heavily armed himself and surrounded by people who are heavily armed. And I would think it was very unlikely that he would let strangers in close physical proximity,” she pointed out.
Ibraheem Bahiss, an analyst with the International Crisis Group, suggested that the timing of the attack, which came at a time of rumoured divisions within the leadership over the increasing restrictions on women, has fuelled speculation of infighting within the Taliban.
There are many different power bases within the Taliban-led administration, Jackson agreed, and the Haqqanis, she said, “are the most powerful faction with differences of opinion” over some decisions taken by Taliban’s supreme leader, Haibatullah Akhunzada.
Sirajuddin Haqqani, she said, has in speeches signalled disagreements — albeit respectfully — on issues such as the “forceful implementation of some edicts in the southeast regions where the Haqqanis hold sway”.
But the Taliban has dismissed talk of fissures. Senior Taliban leaders, including Abdul Ghani Baradar, who is the deputy prime minister for economic affairs, attended Khalil Ur-Rahman Haqqani’s funeral, where he spoke of “love and friendship” among the movement’s leaders. He reportedly asked followers not to give credence to talks of a split within the administration.
And even if some differences exist, security analysts say they are not significant enough to result in open violence between factions.
“Disputes are normal inside of any administration and the political disagreements among Taliban leaders are well-known,” said Smith. “But no significant battles have occurred between major Taliban figures over the last three years.”
Jackson agreed.
“I don’t think these divides at this point are wide enough to trigger violent conflict. There’s no indication that the Taliban is divided enough to turn on itself,” she said.
In fact, she said, the Taliban continue to present a united front for the most part. “There is this ethos of obedience to the emir within their movement, which has so far prevented splits and divides from opening up into violent conflict,” she pointed out, referring to Akhunzada.
Is ISKP’s influence expanding?
However, if the ISKP is responsible for Haqqani’s assassination, this would suggest that the ISIL (ISIS) faction — despite a major Taliban crackdown on it — remains a potent force and serious security threat to Afghanistan and the region.
“This is the most high-profile assassination in a long time that we’ve seen and really suggests that if you can get to someone like Khalil Haqqani, there are serious problems in your security,” Jackson said.
A UN monitoring report in July estimated that the ISKP’s presence in Afghanistan “has increased from 4,000 to 6,000 fighters, despite the loss of territory and attrition among leadership”.
Analysts say, however, that the ISKP’s attacks have trended downward over the last three years. “The Taliban struggled to contain the group during the first months after August 2021, and then a series of well-targeted operations against ISKP leaders constrained them. Violence levels have been dropping,” said Smith.
The assassination “has to be viewed in the context of ISKP’s fight for survival against the Taliban’s powerful security apparatus,” he added.
Bahiss, however, argued that amid “serious setbacks”, the ISKP has become “a lot more strategic”.
“They’ve generally tried to either target foreign interests such as embassies, hotels and tourists, or they have gone after senior Taliban leaders and ideologues, or they’ve continued to target Hazara civilians,” he said, referring to the persecuted ethnic Afghan minority.
Meanwhile, the ISKP’s international footprint and threat capacity have increased, Bahiss said. The group claimed responsibility for an attack on a Moscow concert hall in March in which more than 130 people were killed.
“So, even though they might be struggling in Afghanistan, they have become a lot more dangerous from an international perspective. And killing senior Taliban leaders ensures that they remain relevant as a political actor even inside Afghanistan,” he added.
The UN report in July also noted that the ISKP had “improved its financial and logistical capabilities and intensified recruitment efforts”. The ISKP has also been known to recruit from within the Taliban’s own ranks.
Bahiss suggested this attack was likely due to a gap in the Taliban security measures, exploited by the ISKP.
“The idea that ISKP will completely disappear from Afghanistan – I think it’s unlikely. It’s a generational challenge that the Taliban will continue to face,” he said.
|
https://www.aljazeera.com/news/2024/12/16/talibans-khalil-ur-rahman-haqqani-killed-why-it-matters
| 2024-12-16T07:11:45Z
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Finding Minnesota: Duluth’s Enger Memorial Tower
John Lauritsen shows us a destination that has drawn kings and queens to Minnesota.
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https://www.cbsnews.com/minnesota/video/finding-minnesota-duluths-enger-memorial-tower/
| 2024-12-16T07:11:45Z
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Kate Middleton's Christmas Celebrations During Cancer Recovery May Include Special Plans
Date
12/16/2024 1:19:27 AM
(MENAFN- Live Mint) The Royal Family is preparing for a grand Christmas gathering at Sandringham Estate in Norfolk, with 45 family members expected to join the festivities. This year's celebration aims to unite the family around King Charles, Queen Camilla and Prince William and Kate Middleton after a challenging year.
Royal Family expert Jennie bond shared insights about the upcoming celebrations, noting that the presence of so many family members would mean a lot to the King and Queen.
Also Read | Prince William reveals special Christmas tradition in Wales family
She added that the growing number of young children in the family shifted the focus of the festivities towards being more child-friendly, which she believed was the essence of Christmas.
Discussing logistics, Bond speculated that if Kate Middleton's parents were present, they might stay at Anmer Hall, William and Kate's personal residence. She suggested that Kate might prefer to host only close family members there, leaving larger gatherings at Sandringham or other royal properties.
Also Read | Prince William 'eliminated' from Netflix's POLO documentary by Harry?
"I'm not sure Catherine would yet feel up to hosting a huge crowd at the Hall, so I imagine it would just be close family. The Yorks would be at Wood Farm," she told OK!.
This Christmas is expected to symbolise unity within the Royal Family, with members supporting each other as they leave behind a challenging year. Both King Charles and the Princess of Wales were diagnosed with cancer earlier this year.
Also Read | Kate-William getting ready for the throne 'sooner than expected'
Bond remarked that this festive period would be about rallying around King Charles, Queen Camilla, William and Kate to welcome a hopeful new year.
Prince William calls it 'noisy' affair
Prince William, while attending an event in Wiltshire earlier for the families of the 1st Battalion Mercian Regiment, shared his excitement for the Christmas celebrations.
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https://menafn.com/1108996003/Kate-Middletons-Christmas-Celebrations-During-Cancer-Recovery-May-Include-Special-Plans
| 2024-12-16T07:11:45Z
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Club América, a giant in the landscape of Mexican soccer, kicked off the 2024 Apertura with an ambitious aim: seal the three-peat. It had never been done before in the Apertura and Clausura era, but coming off two consecutive league wins, André Jardine's side was confident. Yet, the journey was anything but easy. Las Águilas finished eighth in the standings, an uncharacteristic position for a team used to dominating the league. Despite setbacks, including injuries and underperforming players, América advanced through the Play-In ahead of the playoffs, and that win reignited hopes for another historic achievement.
While their place in the standings raised questions, América proved that the Liguilla can change everything. Jardine skillfully managed the pressure, inspiring his players to rise in crucial moments. A mix of promising young talent and seasoned veterans kept the dream alive. The Brazilian coach’s tactical vision and leadership were vital as the Eagles fought to remain contenders.
This was more than just another title race—it was an opportunity for América to write a golden chapter in its storied history. With unwavering support from their fans and steadfast belief in their potential, America prepared to show that a three-peat was not just a lofty ambition, but an attainable goal. Jardine emerged as the leader they needed, keeping their dream alive until they lifted the trophy Sunday night.
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https://www.goal.com/en-om/lists/club-america-Alejandro-Zendejas-andre-jardine-liga-mx-final-monterrey-apertura-2024/blt301cba95bd02d30a
| 2024-12-16T07:11:45Z
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Motorola’s recently launched budget 5G smartphone, the Moto g35 5G, is now available in India. Priced at Rs 9,999, the smartphone supports 12 5G bands in India and works with both standalone (SA) and non-standalone (NSA) 5G networks. The smartphone also features a fullHD+ display and a 50-megapixel camera capable of recording videos in 4K resolution. Moto g35 5G: Price and availability The Moto g35 5G is available in a single 4GB RAM + 128GB storage variant, priced at Rs 9,999. It is available for purchase on Motorola India’s official website, the e-commerce platform Flipkart, and select retail stores. The smartphone comes in three colourways: Leaf Green, Guava Red, and Midnight Black. The Midnight Black variant features a 3D PMMA finish, while the other two variants are available with a vegan leather finish. Moto g35 5G: Details The Moto g35 5G features a 6.7-inch FHD+ display with a peak brightness of 1,000 nits and adaptive refresh rates ranging from 60Hz to 120Hz. Protected by Corning Gorilla Glass 3, the display is paired with stereo speakers enhanced by Dolby Atmos surround sound for an immersive audio experience.
The smartphone is powered by the UNISOC T760 processor, coupled with 4GB of LPDDR4X RAM and 128GB of UFS 2.2 storage. With virtual RAM technology, the RAM can be expanded up to 12GB. For photography, the device includes a 50MP primary rear camera with 4K video recording capabilities and an 8MP ultra-wide camera. A 16MP front-facing camera handles selfies and video calls. The device is powered by a 5,000mAh battery with support for 20W wired charging. Running Android 14 out of the box, Motorola promises an upgrade to Android 15 along with three years of security updates. Moto g35 5G: Specifications
- Display: 6.72-inch LCD display, FHD+ resolution, 120Hz refresh rate (LTPS, 60Hz-120Hz)
- Processor: UNISOC T760
- RAM: 4GB LPDDR4X
- Storage: 128GB UFS 2.2
- Rear camera: 50MP primary + 8MP ultra-wide
- Front camera: 16MP
- Battery: 5000mAh
- Charging: 20W wired
- Audio: Stereo speakers, Dolby Atmos, 3.5mm headphone jack
- Protection: Corning Gorilla Glass 3
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https://www.business-standard.com/technology/tech-news/motorola-s-moto-g35-5g-smartphone-goes-on-sale-check-price-offers-specs-124121600335_1.html
| 2024-12-16T07:11:45Z
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Johannesburg, South Africa – The Ikusasa Student Financial Aid Programme (ISFAP) is excited to share the profound impact it has made on the lives of South African students over the past seven years. Since its inception following the #FeesMustFall movement in 2017, and with the help of its valued partners, ISFAP has invested over R2 billion into transforming the lives of 3 626 students across South Africa. “From the very beginning, our mission has been to bridge the financial gap for students who are often overlooked,” says Werner Abrahams, CEO of ISFAP. “We are thrilled to see the tangible outcomes of our efforts. Every rand spent is an investment in the future of our country”, he added.
Funding Poor and Missing Middle Students:
ISFAP was established to bridge the financial gap for students whose family incomes are too high to qualify for NSFAS funding, but too low to afford tertiary education independently. ISFAP mainly aims to support missing middle students who come from households where the income ranges between R350 000 and R600 000 per annum. The programme also accommodates unfunded students with a household income of between R0 and R600 000 per annum. Funding is focused towards students who are pursuing qualifications in higher education in fields that are identified as critical to South Africa’s economic development. These include Accounting, Actuarial Science, Engineering, Medicine, Computer Science, Data Science and other Occupations in High Demand (OHDs), as defined by the Human Resources Development Council (HRDC).
The top three qualifications funded through ISFAP include MBChB (Medicine), Engineering and Accounting with the most supported students as per demand.
Engineering has had the highest number of funded students, with 1 108 students, representing more than a third of the overall funded students.
Wrap-around Support:
In offering funding to students in need, ISFAP has also remained committed to providing comprehensive wrap-around support that ensures that students receive the psycho-social and academic support that is essential for their success. The programme includes extensive support services such as:
- Full Tuition Fees Coverage
- Accommodation and Meal Allowances
- Laptops for First-Year Students
- Psycho-Social Support and Counselling
- Life Skills and Financial Literacy Training
“ISFAP is dedicated to supporting deserving students in obtaining tertiary qualifications that meet the demand in our economy. Our efforts are not simply focused on providing funding, we offer wrap-around psychosocial support that helps ensure that our students make it across the finish line,” Abrahams elaborated. “We don’t just provide financial aid; we walk the journey with our students,” Abrahams said. “From mental health support to life skills training, our goal is to ensure they have everything they need to succeed.”
Graduate Success
Throughout the 2017 and 2024 academic years, the ISFAP supported 1 263 graduates, with most graduates coming from below universities: We are also pleased to announce that we received over 70 000 applications from across the country, for the 2025 academic year.
“Seeing our students graduate and move into successful careers is incredibly rewarding,” Abrahams added. “It’s a testament to the holistic support we provide, ensuring they are well-prepared for the challenges ahead.”
About ISFAP
The Ikusasa Student Financial Aid Programme Foundation NPC (ISFAP) is a non-profit organisation dedicated to funding and supporting the higher education of South Africa’s missing middle students. Established in 2017, ISFAP partners with various universities and private sector entities to ensure that students in need can access and succeed in higher education, contributing to the nation’s economic development.
Since 2017, we have maintained a balanced 50% gender split among our students. Notably, female students lead in numbers within the Accounting, Health Sciences, and other specialised Science fields, although their representation is lower in Engineering and IT fields.
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https://www.sagoodnews.co.za/isfap-invested-over-r2-billion-in-higher-education-from-2017-to-2024/
| 2024-12-16T07:11:48Z
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The much-anticipated film KD-The Devil has officially entered the dubbing phase, with lead actor Dhruva Sarja entering the recording studio. Reportedly an action-packed drama, the film marks Prem’s return to the director’s chair after Ek Love Ya. Produced by Venkat K Narayana under the KVN Productions banner, this multilingual film stars Reeshma Nanaiah, opposite Dhruva Sarja. Its star-studded ensemble cast also includes V Ravichandran, Ramesh Aravind, as well as Bollywood actors Sanjay Dutt and Shilpa Shetty.
The film, set against the backdrop of old Bengaluru during the 1970s and 80s, is billed as a riveting tale that blends intense action with emotional depth. As per the makers, KD-The Devil is inspired by real-life events and explores a powerful narrative with mass appeal, while also connecting deeply with family audiences. As Director Prem shares, “KD is raw, intense, and unapologetically commercial. There’s bloodshed, but it’s not glorified—it’s a story that speaks to the heart and soul of the audience.”
Reeshma Nanaiah, who plays the female lead in the film, said that she is dubbing for Kannada. “It has been a wonderful experience working for KD-The Devil. Prem sir has been a great support, and I learnt how to dub even in my debut film under his direction,” she added.
‘The KD album will break new ground’
The music of KD-The Devil is shaping up to be a game-changer, according to the makers. Director Prem, who’s worked closely with composer Arjun Janya, promises a musical experience unlike anything seen before in Indian cinema. “The KD album will be a groundbreaking project,” he states.
“We recorded live music with a 256-piece orchestra in Europe, blending Western orchestral elements with Indian percussion instruments. The music has an international flair, with arrangements from Budapest, and mixing done in Mumbai, Chennai, and Bengaluru.”
The album will feature six high-energy tracks, with some of the biggest names in the industry contributing to the songs. Talking about the film’s first song, which will release on December 24, Prem says, “‘Shiva Shiva’ will be a spectacle both visually and audibly. It’s a fusion of vintage soul and modern beats, and we have a grand choreographed sequence with 1,000 dancers.”
With lyrics by Manjunath, the track will be available in multiple languages—Kannada, Hindi, Tamil, Telugu, and Malayalam—each featuring a powerhouse lineup of singers. The Kannada version of the song features director Prem and Kailash Kher on vocals. Vijay Prakash and Kailash Kher have lent their voices for the Tamil and Telugu versions. Master Saleem joins Kailash Kher for the Hindi version, while Pranavam Sasi of Aavesham fame has sung the Malayalam version.”
KD eyeing a summer 2025 release
With 150 days of shooting completed, the film only has two songs remain to be shot. The team is eyeing a summer 2025 release, with the finishing touches being applied, including “a gripping climax that will leave the audience eagerly anticipating the sequel,” says the director. According to Prem, KD-The Devil, set in the heart of Bengaluru, will be a visual feast.
The filmmakers are sparing no expense in depicting the old city through cutting-edge graphics and visual effects that transport the audience to a bygone era. “Recreating old Bengaluru through graphics is an immense task, but it will elevate the film to a whole new level,” shares Prem.
“The visual effects are crucial to bringing the period drama to life, and it’s taking time to get it right.” On the other hand, Suprith, Head- Business and Operations at KVN Productions, says, “We are planning to come as early as possible, and looking for a summer release.”
My focus should be on delivering what the audience wants, not on being experimental: Dhruva Sarja
Dhruva Sarja says he is stepping into uncharted territory with KD-The Devil. “Every film teaches me something new, and this one is no different,” says Dhruva. “I’m diving into commercial territory with KD, and I’m confident the audience will love the experience. It’s a full-throttle entertainer with something for everyone, and I’m excited to see how the audience reacts to it.”
Dhruva, post Martin, emphasises the importance of staying in tune with the audience’s expectations. “I’ve realised that my focus should be on delivering what the audience wants, not on being experimental.”
As the film nears completion, Dhruva Sarja also teased an exciting project announcement at the end of December. “I’m also collaborating with producer Uday Mehta once again, but the project will go on floors once I complete my other current commitments.”
|
https://www.newindianexpress.com/entertainment/kannada/2024/Dec/16/kd-is-raw-intense-and-unapologetically-commercial-director-prem
| 2024-12-16T07:11:50Z
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- Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy.
- Russia's consumer price index continues to rise rose despite repeated rate hikes by the central bank in an effort to tame rampant price rises.
- The consumer price index rose to 8.9% in November, compared to the same month in the previous year, and up from 8.5% in October.
- A weaker ruble — following new U.S. sanctions — has fueled inflationary pressures.
Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the war-focused economy.
Russia's consumer price index continues to rise despite repeated rate hikes by the central bank designed to tame the rampant price rises. The consumer price index hit 8.9% in November compared to the same month in the previous year, up from 8.5% in October, driven principally by rising food prices.
A weaker ruble — following new U.S. sanctions in November — has also fueled inflation, driving up the cost of imports into Russia, a country whose economy has been hit hard following its invasion of Ukraine in 2022.
Read more
Russian food prices are soaring — but no one dares blame Putin and the war
Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
Economists now expect Russia's central bank, the CBR, to hike rates by 200 basis points at its meeting on Dec. 20 — taking the country's key interest rate to 23%.
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"The renewed acceleration in Russian inflation to 8.9% year-on-year in November, and likelihood of further increases in the coming months, argue strongly in favour of another large interest rate hike from the central bank," Liam Peach, senior Emerging Markets economist at Capital Economics, said in a note last week.
Money Report
Prices are set to continue to rise, he added, with inflation likely to rise "far above" 9.0% year-on-year by the end of 2025.
"With firms’ price expectations also hitting new highs recently, there’s a clear argument that the central bank is losing the battle against inflation and that it will be forced to hike rates sharply again ... A 200 basis point rate hike is the base case in our view, but there are arguments in favour of a larger hike," Peach said.
Price rises
The central bank enacted a 200 basis point rate hike at its last meeting in October, warning that inflation was running "considerably above" its summer forecast and that inflation expectations continue to increase.
"Growth in domestic demand is significantly outstripping the capabilities to expand the supply of goods and services," the CBR said in a statement.
Russian consumers have been hit especially hard as basic foodstuffs, such as butter, eggs, sunflower oil and vegetables, have seen high double-digit price increases as demand outstrips supply.
Russia's war against Ukraine has also caused labor and supply shortages which have pushed up wage and production costs — and these costs have ultimately been passed on to consumers. The government, however, blames the high cost of living on sanctions imposed on Russia by "unfriendly" countries. For his part, Russian President Vladimir Putin has denied swapping "butter for guns."
The International Monetary Fund predicts Russia will log 3.6% growth in 2024 before a deceleration next year, when 1.3% growth is forecast. The "sharp slowdown," the IMF said, was envisaged "as private consumption and investment slow amid reduced tightness in the labor market and slower wage growth."
Weak ruble
While Russia has looked to evade the pain of sanctions with import substitution and oil and gas exports to countries willing to accept them, international penalties are hurting.
The Russian ruble fell sharply against the dollar in November, weakening to 114 against the greenback — its lowest level since March 2022 — after another round of U.S. sanctions targeted Russia's third-largest bank Gazprombank. The measures are aimed at preventing the bank — which the U.S. Treasury said acts as a conduit for Russia to purchase military materials and pay Russian soldiers — from handling any energy-related transactions that involve the U.S. financial system.
The ruble's sharp move lower prompted the central bank to intervene to prop up the currency, with the CBR saying it would halt foreign purchases on the domestic currency market for the rest of the year "in order to reduce the volatility of financial markets."
Putin commented on the situation last month, insisting that the situation is under control.
"There are absolutely no grounds for panic," Putin told reporters, news agency RIA Novosti reported.
"As for the fluctuations in the ruble exchange rate, this is connected not only with inflation processes, it is also connected with payments to the budget, it is connected with oil prices. There are many factors of a seasonal nature," he added, in comments translated by Google.
The ruble has strengthened in recent weeks but remains down around 3% against the dollar over the past month. It was last trading at 103 against the greenback Monday.
There's little that Russia's central bank can do to tackle inflation— and the ruble's deterioration — while the war continues, according to analysts Alexandra Prokopenko and Alexander Kolyandr.
"The fundamental reasons for the ruble's weakness have not gone anywhere, and the dynamic of Russia's trade flows means the currency is destined to falter and inflation to rise," they noted in analysis for Carnegie Politika.
"As the Russian economy slows despite significant state spending, the dynamics of the ruble exchange rate suggest the country is heading for stagflation (a toxic combination of slow growth and rising prices)," they said.
"The root cause is the war and ensuing Western sanctions and militarization of Russia's economy. The country's financial authorities don't have the power to solve this problem — and they're even afraid to speak about it publicly."
|
https://www.nbcnewyork.com/news/business/money-report/russia-braced-for-mammoth-rate-hike-amid-fears-its-losing-the-battle-against-inflation/6072477/
| 2024-12-16T07:11:51Z
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Important week ahead for president-elect Trump’s cabinet picks
This is the last work week for lawmakers in congress.
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https://www.cbsnews.com/minnesota/video/important-week-ahead-for-president-elect-trumps-cabinet-picks/
| 2024-12-16T07:11:51Z
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As dozens of deported migrants pack into a sweltering airport facility in San Pedro Sula, Norma sits under fluorescent lights clutching a foam cup of coffee and a small plate of eggs all that was waiting for her in Honduras.
The 69-year-old Honduran mother had never imagined leaving her Central American country. But then came the anonymous death threats to her and her children and the armed men who showed up at her doorstep threatening to kill her, just like they had killed one of her relatives days earlier.
Norma, who requested anonymity out of concern for her safety, spent her life savings of $10,000 on a one-way trip north at the end of October with her daughter and granddaughter.
But after her asylum petitions to the US were rejected, they were loaded onto a deportation flight. Now, she's back in Honduras within reach of the same gang, stuck in a cycle of violence and economic precarity that haunts deportees like her.
They can find us in every corner of Honduras, she said in the migrant processing facility. We're praying for God's protection, because we don't expect anything from the government.
Now, as US President-elect Donald Trump is set to take office in January with a promise of carrying out mass deportations, Honduras and other Central American countries people have fled for generations are bracing for a potential influx of vulnerable migrants a situation they are ill-prepared to handle.
'We don't have the capacity' Honduras, Guatemala and El Salvador, which have the largest number of people living illegally in the US, after Mexico, could be among the first and most heavily impacted by mass deportations, said Jason Houser, former Immigration & Customs Enforcement chief of staff in the Biden administration.
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Because countries like Venezuela refuse to accept deportation flights from the US, Houser suggests that the Trump administration may prioritize the deportation of the most vulnerable migrants from those countries who have removal orders but no criminal record, in an effort to rapidly increase deportation numbers.
Hondurans, Guatemalans, Salvadorans need to be very, very nervous because (Trump officials) are going to press the bounds of the law, said Houser.
Migrants and networks aiding deportees in those Northern Triangle countries worry their return could thrust them into even deeper economic and humanitarian crises, fueling migration down the line.
We don't have the capacity to take so many people, said Antonio Garcia, Honduras' deputy foreign minister. There's very little here for deportees." People who return, he said, "are the last to be taken care of.
Making their way back to the US Since 2015, Honduras has received around half a million deportees. They climb down from planes and buses to be greeted with coffee, small plates of food and bags of toothpaste and deodorant. While some breathe a sigh of relief, free from harsh conditions in US detention facilities, others cry, gripped with panic.
We don't know what we'll do, what comes next, said one woman in a cluster of deportees waiting for their names to be called by a man clacking at a keyboard.
Approximately 560,000 Hondurans, about 5 per cent of the country's population, live in the US without legal status, according to US government figures. Of those, migration experts estimate about 150,000 can be tracked down and rapidly expelled.
While Garcia said the government offers services to help returnees, most are released with little aid into a country gripped by gangs. They have few options for work to pay off crippling debts. Others like Norma have nowhere to go, unable to return home because of the gang members circling her home.
Norma said she's unsure of why they were targeted, but she believes it was because the relative who was killed had problems with a gang.
Despite the crackdown, Garcia estimates up to 40 per cent of Honduran deportees make their way back to the US
A looming humanitarian crisis Larissa Martinez, 31, is among those who have struggled to reintegrate into Honduran society after being deported from the US in 2021 with her three children. Driven by economic desperation and the absence of her husband, who had migrated and left her for another woman, the single mother sought a better life in the US.
Since her return to Honduras, Martinez has spent the past three years searching for a job, not just to support her kids, but also to pay off the $5,000 she owes to relatives for the trip north.
Her efforts have been unsuccessful. She built a wobbly wooden home tucked away in the hilly fringes of San Pedro Sula, where she sells meat and cheese to get by, but sales have been slim and tropical rains have eaten away at the flimsy walls where they sleep.
So she's begun to repeat a chant in her head: If I don't find work in December, I'll leave in January.
Cesar Munoz, a leader at Mennonite Social Action Commission, said Honduran authorities have abandoned deportees like Martinez, leaving organisations like his to step in. But with three deportation flights arriving weekly, aid networks are already stretched thin.
A significant uptick could leave aid networks, migrants and their families reeling. Meanwhile, countries like Honduras, heavily reliant on remittances from the US, could face severe economic consequences as this vital lifeline is cut.
We're at the brink of a new humanitarian crisis, Munoz said.
Trump's return has been met with a range of reactions by Latin American nations connected to the US through migration and trade.
Guatemala, a country with more than 750,000 citizens living unauthorised in the US, announced in November it was working on a strategy to take on potential mass deportations. Mexican President Claudia Sheinbaum said Mexico is already beefing up legal services in its US consulates and that she would ask Trump to deport non-Mexicans directly to their countries of origin.
Honduras' Deputy Foreign Minister Garca expressed skepticism about Trump's threat, citing the economic benefits immigrants provide to the US economy and the logistical challenges of mass deportations. Aid leaders like Muoz say Honduras isn't sufficiently preparing for a potential surge in deportations.
Even with a crackdown by Trump it would be impossible to stop people from migrating, Garca said. Driven by poverty, violence and the hope for a better life, clusters of deportees climb aboard buses on their way back to the US
As deportations by both US and Mexican authorities spike, smugglers are offering migrants packages in which they get three tries to make it north. If migrants get captured on their journey and sent back home, they still have two chances to get to the US
Freshly returned to Honduras, 26-year-old Kimberly Orellana said she spent three months detained in a Texas facility before being sent back to San Pedro Sula, where she waited in a bus station for her mother to pick her up.
Yet, she was already planning to return, saying she had no choice: her 4-year-old daughter Marcelle was waiting for her, cared for by a friend in North Carolina.
The two were separated by smugglers crossing the Rio Grande, in hopes to increase their chances of successfully crossing over. Orellana vowed to her daughter that they would be reunited.
Mami, are you sure you're coming? Marcelle asks her over the phone.
Now, being here it's difficult to know if I'll ever be able to follow through with that promise, Orellana said, clinging to her Honduran passport. I have to try again. My daughter is all I have.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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https://www.business-standard.com/world-news/as-trump-threatens-mass-deportations-central-america-braces-for-migrants-124121600277_1.html
| 2024-12-16T07:11:51Z
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(MENAFN- Live Mint) Anant Ambani and Radhika Merchant's wedding was one of the most talked-about events in India this year. The ceremony featured eminent personalities from around the world and India, including Prime Minister Narendra Modi, former Maharashtra CM Eknath Shinde, Salman Khan, Shah Rukh Khan, and others.
Social media influencer Orry recently shared a video of Anant-Radhika's Haldi ceremony. The video showed some unseen moments of the wedding where Mukesh Ambani , Nita Ambani, Hardik Pandya, and several other celebrities could be seen playing with Haldi like people usually do during Holi celebrations.
Also Read | Viral Video: Radhika Merchant enjoys being fooled by Turkish ice cream vendor
The video began with Mukesh Ambani and his wife, Nita Ambani, applying haldi to Anant Ambani . Later, Anant Ambani can be seen smearing turmeric on Nita Ambani's face.
Unseen moments from Anant-Radhika Haldi shared by Orry
The video, shared by Orry, has garnered 48,902 views and thousands of comments. The video also featured Salman Khan, Ranveer Singh, Ananya Panday , Hardik Pandya, and other celebrities from Bollywood, sports, etc.
Also Read | Anant Ambani's Vantara to home 3 African elephants Achtaum, Kani & Mina: VIDEO
It captured all the fun people had during Anant and Radhika's pre-wedding Haldi ceremony.
Anant Ambani-Radhika Merchant wedding most trending on YouTube in 2024
The wedding ceremony of one of India's biggest business tycoon's son, Anant Ambani, remained one of the most talked about events of the year. According to PTI, videos featuring
“Ambani” and“wedding” in their titles amassed over 6.5 billion views in India, as fans analysed every aspect of the event, including international performances, stunning outfits, and a guest list filled with celebrities.
Anant Ambani Radhika Merchant wedding
Anant Ambani married Radhika Merchant in an opulent wedding in Mumbai. The event took place from 12 July 2024 to 30 July 2024. The celebrations began at Ambanis' house, Antilia, in Mumbai. The main wedding functions were held at Jio Convention Centre in Bandra .
Anant Ambani is the son of Reliance Industries chairman Mukesh Ambani, who is also known as the richest person in India. Radhika Merchant is the daughter of Viren Merchant, CEO of a healthcare company.
The grand wedding celebrations were joined by guests from across the world, including John Cena, the Kardashian sisters, Nicky Hilton, Nick Jonas, etc.
MENAFN16122024007365015876ID1108996004
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https://menafn.com/1108996004/Anant-Ambani-Plays-Haldi-With-Mother-Unloads-Tub-On-Hardik-Pandya-During-Pre-Wedding-Ceremony-Watch-Viral-Video
| 2024-12-16T07:11:51Z
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A 27-0 victory Thursday at Dodge County punched a ticket to the state championship game for the Southeast Bulloch flag football team.
The Jackets went 77 games and more than three years before suffering their first-ever defeat, falling 7-0 to Calvary Day, in their regular season finale in November. Monday, however, they have a chance at earning a record fourth-straight title when they take on Columbus at noon in the Mercedez-Benz Stadium in Atlanta.
The game will be televised live on GPB.
“Our offense played as well last week as they have in a long time and I feel like we have some momentum,” said SEB head coach Marci Cochran. “Everybody was on the same page and that was nice to see. That gives us a lot of confidence going into the championship game.”
Columbus comes in with a record of 22-6 and were the No. 2 seed out of D-1 Area-1, finishing second to Harris County, who SEB beat, 7-0, in the quarterfinals. The Blue Jackets average over 24 points per game and are allowing just over six points per contest. Quarterback Serenity Hickman has 79 touchdown passes this year and her leading receiver is Alexandria Lofton who has 2,500 yards with 36 touchdowns.
“Their quarterback is good but we feel we can put pressure on her and make it tough on her,” Cochran said. “We really have to watch Lofton as she is their top receiver and best athlete on the team. They usually only rush one on defense, so we are hoping quarterback Emma Cate Barron can use her feet a little more in this game.”
The Jackets (19-1) have played with pressure most of the season as so many expected them back in the state championship game this year. Now that they are less than 24 hours from playing the game, Cochran admits the pressure is still there.
“The players and the coaches here are used to having pressure,” Cochran said. “When you are going for four-in-a-row, it doesn’t matter if you are a new player or an older player, it is just going to be there. The big question is how we react and use that pressure to motivate us or if it tightens us up. We are ready to get this game underway though.”
Cochran had to replace more half her starters on offense and lost some key players off the state championship team from 2023. She said that makes it even more special to get back to the championship game this season.
“It has been a lot tougher this season than it has ever been in the past to get to the championship game,” Cochran said. “We are staying right across from (Mercedes-Benz Stadium) and to see their excitement when they were looking out the window and seeing where they are playing tomorrow shows me how much they appreciate being here and are ready to play.”
Cochran has confidence in the team, but admits there may be some early game jitters to work through.
“Last year we didn’t score in the first half and started a little tight,” Cochran said. “I think you may see a little bit of nerves in the beginning. We just have to do our best to get them settled down and relaxed. I think that will be the key, especially early in the game.”
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https://www.statesboroherald.com/local/seb-going-for-fourth-consecutive-state-flag-football-championship/
| 2024-12-16T07:11:52Z
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Specifications for the 2014 Volkswagen Golf 90 Tsi Comfortline. Details include engine, fuel usage, interior features, safety and more.
2014 Volkswagen Golf 90 Tsi Comfortline Au My14.5 1.4L Petrol 5D Hatchback
Standard Features
- 12 Volt Power Outlet
- Dual Front Airbags Package
- Airbag - Knee Driver
- Anti-lock Braking
- Auto Climate Control with Dual Temp Zones
- Adjustable Front Seats - Manual
- Adjustable Steering Wheel - Tilt & Telescopic
- Anti-theft Wheel Bolts
- AUX/USB Input Socket
- 16 Inch Alloy Wheels
- Brake Assist
- Body Coloured Bumpers
- Body Coloured Exterior Door Handles
- Body Coloured Exterior Mirrors
- Bottle Holders - Front Seats
- Cruise Control
- Chrome Front Grille
- Cargo Cover
- Cup Holders - Front & Rear
- Centre Console Box - Multi-purpose
- Central Locking Remote Control
- Child Proof Rear Door Locks
- Child Seat Anchor Points
- Comfort Seats Front
- Cloth Trim
- Digital Clock
- Door Pockets - Front Seat
- Dusk Sensing Headlights
- Daytime Running Lights
- Electronic Brake Force Distribution
- Emergency Brake Lights - Flashing
- Electronic Differential Lock
- Exterior Mirrors - Heated
- Electronic Stability Program
- Glovebox Cooler
- Headrests - Adjustable on All Seats
- Head Airbags
- Headlights - Coming/Leaving Home Function
- Hill Holder
- Halogen Headlights
- High Mounted Rear Stop Light
- Illuminated - Entry/Exit with Delayed Fade
- Illuminated Glove Box Compartment
- Engine Immobiliser
- Intermittent Wipers - Variable
- Lockable Glove Box Compartment
- Leather Gear Knob
- Leather Steering Wheel
- Memory Card Reader
- Multi-function Control Screen
- Multi-function Steering Wheel
- MP3 Compatible Audio/CD Player
- Mobile Phone Connectivity
- Map/Reading Lights - Front
- Park Assist
- Parking Distance Control Rear
- Power Mirrors With Indicators
- Power Steering
- Power Windows
- Rear Centre Armrest
- Radio CD with 8 Speakers
- Remote Fuel Lid Release
- Rain Sensing Wipers
- Reversing Camera
- Rear View Mirror - Auto Dimming
- Rear Wiper/Washer
- Seatbelts - Height Adjustable Front Seats
- Seatbelts - Load Limiters Front Seats
- Seatbelts - Lap/Sash for All Seats
- Seatbelts - Pre-tensioners Front Seats
- Seatbelts - Reminder for Front Seats
- Storage Compartment Under the Front Seats
- Side Door Impact Beams
- Speed Sensing Auto Door Lock
- Side Front AirBags
- Split Fold Rear Seat
- Seatback Pockets - Front Seats
- Sunvisors with Vanity Mirrors & Illumination
- Spare Wheel - Space Saver/Temporary
- Trip Computer
- Traction Control System
- Tinted Windows
Optional Extras
- Alarm System/Remote Anti Theft - $600
- Driver Assist Pack - $1,300
- Metallic Paint - $500
- Satellite Navigation - $950
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https://www.whichcar.com.au/specs/2014-volkswagen-golf-90-tsi-comfortline-au-my145-petrol-5d-hatchback-MVhKb6VhVJ
| 2024-12-16T07:11:52Z
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Evidence of an economic slowdown in the US continued to build on Monday, sending odds of a Fed rate cut in September back above 50%. Yet the initial reaction on Wall Street suggested that too much bad news is actually bad for forward earnings, even if odds of a cut rose. The S&P 500, Nasdaq 100 and Dow Jones futures all fell over 1% after the release before paring losses and are on track to close slightly lower for the day.
Manufacturing contracted at a faster pace than expected according to the latest ISM report from the Institute for Supply Management. Q2 GDP is estimated to be as low as 1.8%, down from 2.7% according to the Fed Atalanta’s GDPnow report. And that sets the tone for a softer ISM services report on Wednesday, which could further excite expectations of a Fed cut in September ahead of Friday’s key NFP report.
- Manufacturing ISM fell to 48.7, below 49.8 expected and 49.2 prior
- New orders fell at its fastest pace in 12 months at 45.4
- Prices paid slowed by -3.9 points to 57 from 60.9
- Employment expanded for the first month in eight, with a 2.5 points increase rising to 51.1
- Comments of interest from respondents included mention of a “minor slowdown”, “volume continues to be challenging” and “we anticipate more headwinds in the coming months”
Crude oil sides on demand concerns
The US dollar was slammed on Monday, sending the USD index futures contract to an eight-week low on a daily close basis. USD/JPY formed a bearish outside day, USD/CAD reached a 10-week low, EUR/USD closed above 1.09 for the first time in 2.5 months and GBP/USD reached 1.28 for the first time since mid March.
Gold prices regained their footing after sneaking in a minor 3-week low earlier in the day, before reclaiming $2350 and forming a bullish engulfing candle. Crude oil suffered its second worst day of the year and fell over 3.5% to $74 as demand concerns rose as prices fell.
USD index technical analysis:
The US dollar index finally saw a clear break of the December trendline, with bearish momentum also clearing the 200-day EMA and 200-day average. Prices are clinging on to the 104 for support, but with the USD index closing at the low of the day it seems a break beneath it seems more likely than not at this stage. But with traders fully focused on weak US data over bad, it may not take much more to further topple yields and therefore the US dollar. The 103.50 to 103.65 zone is the net line of defence for bulls should 104 break.
AUD/USD technical analysis:
I warned in the AUD/USD outlook report that we could be in for some choppy trade on the Aussie, and I see no immediate reason to change that stance. Yes, the weaker US dollar sent AUD/USD to a 2-week high on Monday – but it was not exactly a risk-on session. And with key resistance level hovering nearby for AUD/USD, I suspect its upside potential remains limited. And we may even see a pullback in today’s Asian session if quarterly net-export contribution, retail sales and company profits come in soft and lower expectations for tomorrow’s GDP report.
Economic events (times in AEST)
Data released from the Australian Bureau of Statistics (ABS) at 11:30 AEST can help shape expectations of Wednesday’s GDP report. But for it to have any meaningful impact on AUD/USD likely requires the data to be distinct enough to force banks to revise their growth forecasts on the eve of GDP.
With traders clearly obsessed with any signs of weak data from the US, we could see a further selloff for the US dollar and yields should job openings or goods orders deliver soft numbers.
- 11:30 – Australian Q1 company profits, quarterly retail sales, net exports contribution, business inventories (ABS)
- 00:00 – US JOLTS job openings, durable goods orders
ASX 200 at a glance:
- The ASX 200 cash index closed higher for a second day on Monday with 9 of its 11 sectors rising
- Financials and utilities led, information technology and telecoms declined
- However, volatility on Wall Street and SPI 200 futures overnight should see the ASX cash market open slightly lower today
- 7800 resistance proved a tough nut to crack for ASX futures (lower chart) which also met resistance around a high-volume node
- The 1-hour chart shows a bullish trend is developing, alongside a potential bull flag
- However, with resistance overhead I am equally on guard for momentum to peter out and prices turn lower, than I am to seeing them break higher
- Therefore, my bias today is neutral until the market tips its hand
View the full economic calendar
-- Written by Matt Simpson
Follow Matt on Twitter @cLeverEdge
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https://www.forex.com/en-ca/news-and-analysis/aud-usd-rises-despite-risk-off-tone-usd-yields-slammed-post-ism-2024-06-04/
| 2024-12-16T07:11:52Z
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WA’s top climate polluters hand in emission allowances – except one
SEATTLE – The bills are due for Washington’s top polluters, which must buy allowances for the greenhouse gases they emit into the atmosphere, and every company paid up – but one.
The process of buying and turning in these allowances serves as a cornerstone of the state’s 2021 Climate Commitment Act, which survived a hard-fought repeal effort last month. Over the next few decades, state officials will ratchet down the number of allowances sold as a way of cutting emissions.
This strategy is working as intended, officials with the state’s Department of Ecology say. Of the 97 major polluters in the state required to participate, 96 have turned in their share of allowances. The lone holdout, a relatively small and defunct mill in Grays Harbor County with a checkered past, didn’t participate at all, marring the state’s otherwise perfect record.
Now that mill, Cosmo Specialty Fibers, has a few months to fix its books or face a smattering of fines, which will grow with each passing day. Meanwhile, the other companies or institutions will move forward as the Climate Commitment Act intends, building momentum in the fight against climate change, said Joel Creswell, who manages Ecology’s climate pollution reduction program.
Cosmo Specialty Fibers
Until it closed after the start of the COVID-19 pandemic, Cosmo Specialty Fibers employed some 170 people around the town of Cosmopolis. The facility created a type of dissolving pulp fibers with a wide variety of applications in things like textiles and fabrics, pharmaceuticals, cosmetics and more.
When it was running, the mill took in wood chips and cooked them down in acid through a series of large tanks or “digesters.” The facility then bleached the leftover pulp with different types of caustic chemicals like chlorine and hydrogen peroxide. Leftover waste could either be burned for more energy or drained into Grays Harbor. The process is energy intensive, making the mill one of the state’s largest polluters when it’s running. But even sitting unused, the area still generates emissions, Creswell said.
Mill owner Richard Bassett said he bought the facility at the start of 2023, after it had been shut down. Before that, he had been a minority shareholder in the site, which he sees as a potentially lucrative investment.
Bassett, who lives in England, has a background in corporate finance but began in the milling business around 2005 when a shuttered mill on Vancouver Island drew his interest. This site in Cosmopolis, however, has even greater potential, he said. But before launching into his grand vision for the business, he must first square up with environmental regulators.
The mill has repeatedly been cited for environmental violations by state and federal officials. Ecology cited the company in September for multiple dangerous waste violations, issuing a $42,000 fine. Twice it fined the mill for breaching wastewater pollution limits, in 2022 and 2015, accumulating more than $24,000 in fines.
Even closed, the site still contains hazardous and corrosive chemicals, according to the U.S. Environmental Protection Agency. Earlier this year, federal officials ordered the mill to keep power and water on at the site, alongside 24-hour security. But the company didn’t, so the EPA stepped in. Now, those federal regulators are developing a plan to safely store or dispose of the chemicals on-site.
Most recently, the mill failed to turn its greenhouse gas allowances in to the state, which is required by the Climate Commitment Act.
While it’s inactive, Cosmo Specialty Fibers counts as one of the smaller polluters required to buy allowances. Other facilities on the list include oil and gas refineries, cement plants, entire cities (including Seattle) and Boeing.
The largest emitter on the list is Marathon Petroleum, which has a refinery in Anacortes. It was required to turn in nearly 2.4 million allowances this year, each one representing a metric ton of greenhouse gases.
Under current conditions, Cosmo Specialty Fibers is only required to submit 860 allowances. While prices have fluctuated greatly, at their peak those allowances could have cost the company more than $54,200, though at more recent prices they would have cost about two-thirds of that.
Bassett said he’ll buy and turn in the allowances. He chalks up the missed deadline to an oversight as he’s been trying to chase down funding to reopen the mill, money that hinges on his ability to appease federal regulators.
In the grand scheme of the entire venture, which has already consumed millions and needs more than $50 million more in repairs, Bassett said the cost of buying allowances is fairly insignificant and one he’s happy to handle.
“The last thing in the world we need is to have an environmental issue, while we have these significant aspirations,” Bassett said.
Washington’s carbon market
In a way, Cosmo Specialty Fibers’ failure to submit its allowances is a signal the carbon market is working, Creswell said.
Washington isn’t cutting pollution levels all at once. Instead, the Climate Commitment Act sets out a series of seven four-year periods. For each period, the state will reduce the number of allowances it auctions off.
As the program moves forward, polluters can either compete for the dwindling number of allowances (the cost of which will increase as time goes on), reduce their emissions, or both, said Ecology spokesperson Caroline Halter.
Money raised from the auctions (more than $2.6 billion so far) will go toward efforts intended to reduce emissions or adapt to climate change across the state.
Eventually, polluters must turn their allowances back in to the state. Rather than requiring the companies to return all their allowances at the end of each four-year period, Creswell said, for the first three years they must only submit a fraction of the total.
“You could think of this as a down payment,” he said.
The rest will be due at the end of the period, on Nov. 1, 2027.
This strategy allows state officials to see whether polluters are on track, Creswell said. Otherwise, they might not catch a problem until it has progressed for years.
With Cosmo Specialty Fibers, state officials reached out to warn of the missing allowances. As a penalty, the company must submit four times as many allowances (3,440) by May 1, Halter said. Should it continue to fall short, state officials could fine the company up to $10,000 per day, per violation.
One missing allowance could be considered a single violation, Halter said.
So theoretically the state could fine the company $8.6 million each day. But Halter said state officials have discretion in the fines they would issue, so such a large amount would seem unlikely.
Plus, Bassett said the company is already working with state officials to turn in the allowances within the allotted time frame, so a fine shouldn’t be necessary.
If the mill does reopen, the company will have to buy many more allowances to account for the increased emissions. But Bassett said once the revenue stream turns back on, that won’t be a problem.
Aside from the hiccup with Cosmo Specialty Fibers, however, every other company submitted their share of allowances as required, 19,526,071 in all.
Creswell said that could also be a positive sign for onlookers.
State officials are looking to merge Washington’s market with the joint one operated by California and Quebec. The linkage, as it’s called, would theoretically calm market prices further and build momentum for the increasing number of states and provinces looking to cut greenhouse gas emissions.
Such high levels of participation are a good sign that the market is working as intended, Creswell said.
“Having almost 100% compliance puts us in a good position to link,” Creswell said. “This shows them that we are running a serious program.”
Officials in California and Quebec have been open to the prospect, noting that the markets could be merged by the end of next year.
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https://www.spokesman.com/stories/2024/dec/15/was-top-climate-polluters-hand-in-emission-allowan/
| 2024-12-16T07:11:54Z
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Thriller Manju, the veteran stunt choreographer and action hero who is known for his performances in high-octane roles, is stepping into an entirely new character in the upcoming film Mugila Mallige. Produced under the ANR Pictures banner by Nagaraj Reddy, and directed by RK Gandhi, who also penned the story, screenplay, and dialogues, Mugila Mallige features the pair from Kamarottu Checkpost, Sanath and Sahana Chandrashekhar, as the lead protagonists. It explores a complex love story woven with themes of passion and conflict.
While Thriller Manju is typically known for his powerful action and police roles, this time he takes on the role of Muttatti Devaraj, an emotional and deeply nuanced character. In this film, he shares screen space with veteran actor Bhavya, who plays his wife.
The film has already wrapped up shooting some key portions in and around locations such as Kambalipur, Katerramma, Bhaktarhalli, Poojena Agrahar, Gattiganabe, and Hosakote. The team is now heading to Sakaleshpur and Madikeri for the next phase of filming, promising more beautiful and scenic backdrops for the film.
Mugila Mallige has cinematography by Abhinandan Shetty, music by Aniruddha Shastry and lyrics by Rajeev Krishna. The technical team of the film also includes editor Vinay G Alluru and art director Mallikarjuna, with Thriller Manju himself handling the stunts.
The film’s ensemble cast includes Rajesh, Shankar, MV Samay, Kishore Kumble, Shivu Kasaragod, Siddayya Hiremath, Ravi, Deena, Brinda, Naga, Jayaram, Yuveen, Satyavara Nagesh, Vasantha Nayak, Kiran Gattiganabe, Monica, and several others.
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https://www.newindianexpress.com/entertainment/kannada/2024/Dec/16/thriller-manju-is-muttatti-devaraj-in-mugila-mallige
| 2024-12-16T07:11:56Z
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A joyful milestone was reached on Tuesday, 19 November, as Joburg Theatre and CHOC Childhood Cancer Foundation SA celebrated the first official handover of books collected during their festive season book drive. The event took place at Chris Hani Baragwanath Academic Hospital, where the first collection of books found their new home in the hands of brave children and teenagers undergoing cancer treatment. The day was filled with heartwarming moments as the team from Joburg Theatre and CHOC toured the hospital’s facilities, spent time reading to children and teens, and shared in the excitement of this special occasion.
“It was a privilege to bring the gift of storytelling to these young patients,” said Antonella Swanepoel, CHOC Business Development Unit Manager. “Seeing the joy and wonder on their faces as we read to them was truly moving. This is just the beginning of a beautiful journey.”
This initiative is inspired by this year’s Janice Honeyman pantomime, Beauty and the Beast, which celebrates Belle’s love of reading and highlights the transformative power of stories. Partnering with CHOC for this festive book drive, Joburg Theatre has called on audiences to donate pre-loved children’s and young adult books to fill CHOC’s libraries and bring the magic of books to children and teens facing difficult circumstances.
Prof Gita Naidu, the Chair of SAAPHO and Head of Paediatric Oncology at Chris Hani Baragwanath Academic Hospital, has commented, “I would like to express my heartfelt gratitude to the Joburg Theatre and CHOC for their incredible gift of a diverse collection of stunning classic and contemporary books. Each book opens up a vibrant tapestry of thoughts, experiences, and cultures, transporting us to different worlds with every turn of the page. Through the lives of well-crafted characters, we share in their extraordinary joys, heart-wrenching sorrows, triumphant victories, and crushing defeats. Reading is not just a pastime; it is a powerful tool that expands our vocabulary and sharpens our communication skills. It equips us to articulate our thoughts and emotions with clarity and confidence, whether in writing or speaking. Moreover, cultivating a regular reading habit fosters essential traits such as discipline, patience, and time management. Truly, a good book is like a steadfast companion, always ready to offer insight and solace”.
She continues, “For children facing life-threatening and chronic illnesses, lengthy hospital stays can be daunting and isolating. In such moments, reading becomes a beacon of hope, providing comfort and distraction, and helping to create a semblance of normalcy amid an experience that can otherwise feel overwhelmingly surreal.
Your generous support will profoundly enrich the lives of all the young patients in our care, offering them a welcome escape and a chance to dream. Thank you for your kindness and thoughtfulness”.
We are so excited about what’s still to come,” continued Antonella. “This is more than just a book drive—it’s about offering these children an escape, a moment of joy, and a sense of hope during their cancer journey.”
“Stories have the power to heal, inspire, and uplift, and we are honoured to share this gift with the brave young children and teenagers undergoing cancer treatment. The magnanimous response from our theatre patrons has been incredibly overwhelming and moving, and we extend our heartfelt gratitude to those who have generously donated books so far – your selfless contributions bring hope, joy, and imagination to those who need it most. Together with CHOC, we’re hoping to make a meaningful difference this festive season.” – Joburg City Theatres.
The first handover is just the beginning. The book drive continues throughout the pantomime season, with a second handover planned for January 2025. Donations are still being accepted at Joburg Theatre’s reading corner or box office.
Let’s come together this festive season to fill CHOC’s libraries with stories that inspire, uplift, and bring joy. A single book can make a world of difference to a young reader.
Tickets for Janice Honeyman’s Pantomime Beauty and the Beast are on sale now and can be purchased online or at the Joburg Theatre box office. Don’t miss your chance to be part of this magical production—and this meaningful cause.
Follow the Magic:
Joburg Theatre – Facebook, Twitter, Instagram: @joburgtheatre
CHOC Foundation – Facebook, Instagram: @CHOCFoundationSA
#BeautyBeastPanto #CHOCBookDrive
WRITTEN ON BEHALF OF: CHOC Childhood Cancer Foundation South Africa
DATE: November 2024
BY: Antonella Swanepoel
FURTHER INFORMATION
EMAIL: bdu@choc.org.za
BOILERPLATE:
A non-profit organisation that advocates for the health and well-being of children and teenagers diagnosed with cancer or life-threatening blood disorders and their families. The passionate and dedicated staff and volunteers of CHOC aim to save lives through early detection and comprehensive support programmes for the families affected by cancer. We offer, psychosocial, emotional and practical support as we augment the different medical fraternities.
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https://www.sagoodnews.co.za/joburg-theatre-and-choc-celebrate-the-first-book-handover-at-chris-hani-baragwanath-academic-hospital/
| 2024-12-16T07:11:56Z
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Inver Grove Heights man accused of child exploitation
Reporter David Schuman shares what you can do as a parent to protect your children.
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https://www.cbsnews.com/minnesota/video/inver-grove-heights-man-accused-of-child-exploitation/
| 2024-12-16T07:11:57Z
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Bangladesh's Chief Adviser Muhammad Yunus on Monday said the next general election in the country could take place by the end of 2025 or the first half of 2026.
He, however, said the timing of the election will largely depend upon the political consensus and the extent of the reforms that must be carried out prior to it.
"Broadly speaking, the election can be scheduled between the end of 2025 and the first half of 2026," he said in a televised speech to the nation on Vijay Diwas.
Vijay Diwas commemorates the Pakistan military's surrender to Indian forces. India's historic victory led to the liberation of Bangladesh.
Yunus said he has repeatedly appealed to all to hold the polls after completing all the major reforms.
"However, if, due to political consensus, we have to hold the election on the basis of a flawless preparation of the voter list with minor reforms, then it may be possible to hold the elections by the end of 2025," United News of Bangladesh quoted Yunus as saying.
More From This Section
"And if we add to this the expected level of reforms in the electoral process and in light of the recommendations of the Election Reforms Commission and based on the national consensus, then it may take at least another six months," said Yunus.
Yunus, who heads the caretaker government installed after the ouster of Sheikh Hasina's government on August 5 following a student-led uprising, highlighted the extensive work required to update the voter list, a critical step in the election process.
"From now on, the responsibility has been entrusted to them to start the process of forming the future government. They have started their preparations. They have a lot of work to do," he said.
Yunus said no one has had the opportunity to verify the voters' list.
"We have to make sure that the names of all those who have become eligible to vote in the last 15 years are included in the voters' list. This is a big task," he said.
After the student uprising, there is no room for making any mistake as after a long time, many young people will vote for the first time, he said, adding that in the past, they were deprived of that right and joy.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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https://www.business-standard.com/world-news/bangladesh-may-hold-next-election-in-late-2025-or-first-half-of-2026-yunus-124121600328_1.html
| 2024-12-16T07:11:57Z
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Bangladesh Elections Likely To Be Held In Late 2025 Or Early 2026 As Pressure For Reforms Grows
Date
12/16/2024 1:19:27 AM
(MENAFN- Live Mint) Bangladesh's interim leader Muhammad Yunus today said that the country's general elections would likely be held late next year (2025) or in early 2026, according to an AFP report.
Nobel Peace Prize winner Yunus (84), took charge as head of the caretaker government installed after an August 2024 student-led revolution pushed out the sheikh Hasina regime. He was appointed chief adviser and is facing pressure to set a date for the general elections, the report added.
Yunus has deemed the challenges ahead for his temporary administration to be“extremely tough” as it seeks to restore democratic institutions in the neighbouring country. Bangladesh has a population of 170 million people.
Also Read | Top news: State winter sessions begin, Vijay Diwas, Vishal Mega Mart IPO & more Tentative Election Dates
“Election dates could be fixed by the end of 2025 or the first half of 2026,” Yunus said in a broadcast on state television.
He added that his administration has launched commissions to oversee a raft of reforms that are needed, continuing that setting an election date depends on what political parties agree.
“Throughout, I have emphasised that reforms should take place first before the arrangements for an election . If the political parties agree to hold the election on an earlier date with minimum reforms, such as having a flawless voter list, the election could be held by the end of November. But including the full list of electoral reforms would delay polls by a few months,” Yunus stated.
Also Read | Bitcoin soars to all-time high over $106,000 on Trump's strategic reserve plans Bangladesh Uprising
Hasina (77), fled to India by helicopter as thousands of protesters, mainly college students, stormed the prime minister's palace in Dhaka in August 2024. Her government was accused of politicising courts and the civil service, as well as staging lopsided elections, to dismantle democratic checks on its power.
MENAFN16122024007365015876ID1108996005
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https://menafn.com/1108996005/Bangladesh-Elections-Likely-To-Be-Held-In-Late-2025-Or-Early-2026-As-Pressure-For-Reforms-Grows
| 2024-12-16T07:11:58Z
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- Michael Hastings is chair of SOAS University of London and professor of leadership at Utah State University.
- He urged business leaders to "grab" the issue of forced migration and help refugees and asylum seekers gain access to education and work.
- Hastings, a House of Lords Peer in the U.K., said the British government needs to work out where migrants who cross the channel in small boats are coming from and invest in peacemaking.
Hiring, educating, and housing refugees and asylum seekers is the "next big challenge" for businesses, according to a longtime leadership professor and UNICEF vice president.
"The big, ugly elephant in the room is migration. Over 120 million people now have migrated from one place they lived in to another place they're existing in, often as refugees or as migrants seeking asylum or trying to get established this movement of people," said Michael Hastings, referring to U.N. figures on forcibly displaced people.
Hastings urged business leaders to "grab" the issue and ask themselves: "How are we going to provide education and employment, legal services, establishment and housing, dignity for the young prospects, for women?" he said, speaking to CNBC's Tania Bryer.
Low- and middle-income countries host 75% of the world's refugees, and around two-thirds of refugees live in poverty, according to the European Commission.
Hastings has advocated for underrepresented groups throughout his career, and his current roles include chairman of SOAS University of London (formerly the School of Oriental and African Studies) and professor of leadership at Utah State University.
Get Tri-state area news delivered to your inbox.> Sign up for NBC New York's News Headlines newsletter.
Hastings praised business leaders for taking on the challenge of climate change by reducing their carbon emissions and use of single-use plastics, but said they needed to go further. "The corporate world is missing the next big challenge. Yes, climate is a big deal. We've grabbed it, but migration is the next big thing. We need to grab that one too," he said.
Money Report
Around the world, most refugees (73%) come from five countries: Afghanistan, Sudan, Syria, Ukraine and Venezuela, according to the European Commission, leaving their homes because of conflict, violence or disasters such as floods.
"People are losing their lives, desperate to find another future," Hastings said, describing people trying to cross the Mediterranean Sea, the Mexico-U.S. border and the English Channel.
Hastings, who is a House of Lords peer in the U.K., said the British government needs to work out where migrants who cross the channel in small boats are coming from.
"You've got to ask, why are they coming here?" he said. "Let's go back to the source of the supply and genuinely invest in prospects and futures in peacemaking," he said. "This is a European-wide problem. It's a North American problem. It's a development world problem."
Having previously taken on corporate social responsibility and citizenship roles in organizations such as the BBC and KPMG, Hastings is known for a focus on leadership with a purpose. "If somebody has a purpose that drives their thinking and therefore their action, it'll drive your spending, it'll drive your time, it'll drive your emotional commitments. My purpose is to speak up for the poor and to bend the power of the prosperous to the potential of the poor," he said.
Hastings described the role of a leader as "a servant" rather than "a controller." "A leader, more than anything else, has got to be a vulnerable person who knows that the real purpose of a leader is to empower other people to rise," he said.
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https://www.nbcnewyork.com/news/business/money-report/the-next-big-thing-for-business-to-tackle-forced-migration-says-leadership-professor/6072483/
| 2024-12-16T07:11:57Z
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Specifications for the 2014 Volkswagen Golf 90 Tsi Comfortline. Details include engine, fuel usage, interior features, safety and more.
2014 Volkswagen Golf 90 Tsi Comfortline Au My14.5 1.4L Petrol 5D Hatchback
Standard Features
- 12 Volt Power Outlet
- Dual Front Airbags Package
- Airbag - Knee Driver
- Anti-lock Braking
- Auto Climate Control with Dual Temp Zones
- Adjustable Front Seats - Manual
- Adjustable Steering Wheel - Tilt & Telescopic
- Anti-theft Wheel Bolts
- AUX/USB Input Socket
- 16 Inch Alloy Wheels
- Brake Assist
- Body Coloured Bumpers
- Body Coloured Exterior Door Handles
- Body Coloured Exterior Mirrors
- Bottle Holders - Front Seats
- Cruise Control
- Chrome Front Grille
- Cargo Cover
- Cup Holders - Front & Rear
- Centre Console Box - Multi-purpose
- Central Locking Remote Control
- Child Proof Rear Door Locks
- Child Seat Anchor Points
- Comfort Seats Front
- Cloth Trim
- Digital Clock
- Door Pockets - Front Seat
- Dusk Sensing Headlights
- Daytime Running Lights
- Electronic Brake Force Distribution
- Emergency Brake Lights - Flashing
- Electronic Differential Lock
- Exterior Mirrors - Heated
- Electronic Stability Program
- Glovebox Cooler
- Headrests - Adjustable on All Seats
- Head Airbags
- Headlights - Coming/Leaving Home Function
- Hill Holder
- Halogen Headlights
- High Mounted Rear Stop Light
- Illuminated - Entry/Exit with Delayed Fade
- Illuminated Glove Box Compartment
- Engine Immobiliser
- Intermittent Wipers - Variable
- Lockable Glove Box Compartment
- Leather Gear Knob
- Leather Steering Wheel
- Memory Card Reader
- Multi-function Control Screen
- Multi-function Steering Wheel
- MP3 Compatible Audio/CD Player
- Mobile Phone Connectivity
- Map/Reading Lights - Front
- Park Assist
- Parking Distance Control Rear
- Power Mirrors With Indicators
- Power Steering
- Power Windows
- Rear Centre Armrest
- Radio CD with 8 Speakers
- Remote Fuel Lid Release
- Rain Sensing Wipers
- Reversing Camera
- Rear View Mirror - Auto Dimming
- Rear Wiper/Washer
- Seatbelts - Height Adjustable Front Seats
- Seatbelts - Load Limiters Front Seats
- Seatbelts - Lap/Sash for All Seats
- Seatbelts - Pre-tensioners Front Seats
- Seatbelts - Reminder for Front Seats
- Storage Compartment Under the Front Seats
- Side Door Impact Beams
- Speed Sensing Auto Door Lock
- Side Front AirBags
- Split Fold Rear Seat
- Seatback Pockets - Front Seats
- Sunvisors with Vanity Mirrors & Illumination
- Spare Wheel - Space Saver/Temporary
- Trip Computer
- Traction Control System
- Tinted Windows
Optional Extras
- Alarm System/Remote Anti Theft - $600
- Driver Assist Pack - $1,300
- Metallic Paint - $500
- Satellite Navigation - $950
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https://www.whichcar.com.au/specs/2014-volkswagen-golf-90-tsi-comfortline-au-my145-petrol-5d-hatchback-jSeQR2p7DE
| 2024-12-16T07:12:00Z
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Evidence of an economic slowdown in the US continued to build on Monday, sending odds of a Fed rate cut in September back above 50%. Yet the initial reaction on Wall Street suggested that too much bad news is actually bad for forward earnings, even if odds of a cut rose. The S&P 500, Nasdaq 100 and Dow Jones futures all fell over 1% after the release before paring losses and are on track to close slightly lower for the day.
Manufacturing contracted at a faster pace than expected according to the latest ISM report from the Institute for Supply Management. Q2 GDP is estimated to be as low as 1.8%, down from 2.7% according to the Fed Atalanta’s GDPnow report. And that sets the tone for a softer ISM services report on Wednesday, which could further excite expectations of a Fed cut in September ahead of Friday’s key NFP report.
- Manufacturing ISM fell to 48.7, below 49.8 expected and 49.2 prior
- New orders fell at its fastest pace in 12 months at 45.4
- Prices paid slowed by -3.9 points to 57 from 60.9
- Employment expanded for the first month in eight, with a 2.5 points increase rising to 51.1
- Comments of interest from respondents included mention of a “minor slowdown”, “volume continues to be challenging” and “we anticipate more headwinds in the coming months”
Crude oil sides on demand concerns
The US dollar was slammed on Monday, sending the USD index futures contract to an eight-week low on a daily close basis. USD/JPY formed a bearish outside day, USD/CAD reached a 10-week low, EUR/USD closed above 1.09 for the first time in 2.5 months and GBP/USD reached 1.28 for the first time since mid March.
Gold prices regained their footing after sneaking in a minor 3-week low earlier in the day, before reclaiming $2350 and forming a bullish engulfing candle. Crude oil suffered its second worst day of the year and fell over 3.5% to $74 as demand concerns rose as prices fell.
USD index technical analysis:
The US dollar index finally saw a clear break of the December trendline, with bearish momentum also clearing the 200-day EMA and 200-day average. Prices are clinging on to the 104 for support, but with the USD index closing at the low of the day it seems a break beneath it seems more likely than not at this stage. But with traders fully focused on weak US data over bad, it may not take much more to further topple yields and therefore the US dollar. The 103.50 to 103.65 zone is the net line of defence for bulls should 104 break.
AUD/USD technical analysis:
I warned in the AUD/USD outlook report that we could be in for some choppy trade on the Aussie, and I see no immediate reason to change that stance. Yes, the weaker US dollar sent AUD/USD to a 2-week high on Monday – but it was not exactly a risk-on session. And with key resistance level hovering nearby for AUD/USD, I suspect its upside potential remains limited. And we may even see a pullback in today’s Asian session if quarterly net-export contribution, retail sales and company profits come in soft and lower expectations for tomorrow’s GDP report.
Economic events (times in AEST)
Data released from the Australian Bureau of Statistics (ABS) at 11:30 AEST can help shape expectations of Wednesday’s GDP report. But for it to have any meaningful impact on AUD/USD likely requires the data to be distinct enough to force banks to revise their growth forecasts on the eve of GDP.
With traders clearly obsessed with any signs of weak data from the US, we could see a further selloff for the US dollar and yields should job openings or goods orders deliver soft numbers.
- 11:30 – Australian Q1 company profits, quarterly retail sales, net exports contribution, business inventories (ABS)
- 00:00 – US JOLTS job openings, durable goods orders
ASX 200 at a glance:
- The ASX 200 cash index closed higher for a second day on Monday with 9 of its 11 sectors rising
- Financials and utilities led, information technology and telecoms declined
- However, volatility on Wall Street and SPI 200 futures overnight should see the ASX cash market open slightly lower today
- 7800 resistance proved a tough nut to crack for ASX futures (lower chart) which also met resistance around a high-volume node
- The 1-hour chart shows a bullish trend is developing, alongside a potential bull flag
- However, with resistance overhead I am equally on guard for momentum to peter out and prices turn lower, than I am to seeing them break higher
- Therefore, my bias today is neutral until the market tips its hand
View the full economic calendar
-- Written by Matt Simpson
Follow Matt on Twitter @cLeverEdge
|
https://www.forex.com/en-uk/news-and-analysis/aud-usd-rises-despite-risk-off-tone-usd-yields-slammed-post-ism-2024-06-04/
| 2024-12-16T07:12:00Z
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Actor Sivakarthikeyan is set to join hands with filmmaker Sudha Kongara and music composer GV Prakash for his 25th film. The film, produced by Aakash Baskaran under the Dawn Pictures banner, was officially announced on Saturday after a formal pooja ceremony.
Tentatively titled SK 25, the film also stars actors Jayam Ravi and Atharvaa in crucial roles. It is worth noting that this marks Sivakarthikeyan's first multistarrer after Kedi Billa Killadi Ranga (2013), directed by Pandiraj.
The film marks the Tamil debut of actor Sreeleela, known for her role in the Mahesh Babu-starrer Guntur Kaaram and her special appearance in Pushpa 2: The Rule, opposite Allu Arjun.
Cinematographer Ravi K Chandran too is part of SK25. Fresh from the success of Amaran, Sivakarthikeyan also has a project with director AR Murugadoss in the pipeline.
Last seen in M Rajesh's Brother, Jayam Ravi's upcoming projects include a film with Dada-fame director Ganesh K Babu; which was also launched on Saturday.
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https://www.newindianexpress.com/entertainment/tamil/2024/Dec/16/cast-and-crew-announced-for-sk-25
| 2024-12-16T07:12:02Z
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More Minnesotans are living outside than a decade ago
The unsheltered population has grown by 10% over the last decade.
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https://www.cbsnews.com/minnesota/video/more-minnesotans-are-living-outside-than-a-decade-ago/
| 2024-12-16T07:12:03Z
|
Washington State women cap nonconference play with 76-48 win over Saint Martin’s
From staff reports
The Washington State women’s basketball team is going into conference play with a win.
The Cougars capped their nonconference slate with a wire-to-wire 76-48 victory over Saint Martin’s at Beasley Coliseum in Pullman.
Eleonora Villa led the Cougars (5-6) with 20 points. Joining her in double figures were Jenna Villa (no relation) with 10 points and Candace Kpetikou with 10 points and 10 rebounds.
The Cougars had a clear advantage over the Division II Saints (7-3). WSU shot 54% from the field and had a 44-14 lead in points in the paint.
The Cougars snapped a three-game losing streak with the win. They struggled against Power Four competition in their nonconference schedule, going 1-4 in such games.
WSU begins the first of a two-year stay in the West Coast Conference. Only four members of the 11 WCC teams enter conference play with a winning record.
Portland is well ahead of the field at 11-0.
|
https://www.spokesman.com/stories/2024/dec/15/washington-state-women-cap-nonconference-play-with/
| 2024-12-16T07:12:04Z
|
By Thabo Motlhabi
Everyone in society should be a role model, not only for their own respect, but to earn respect from others. I think a role model is a mentor-someone you look up to. The Gauteng Department of Social Development in the West Rand Township of Kagiso, recently organised a Men International Day, hosted in the Chief Mogale Community Hall, on 22 Friday, November 2024
November is considered a Men’s International Day whereby all men globally are recognised and celebrated for being positive role models first in their homes and communities at large.
This event was to create a platform for men to consider the following; if they have challenges whether physically, mentally or financially, they should speak out and not keep things to themselves. The day was in recognition of the roles men should play in society through their leadership. There are many components: fatherhood, mentorship, leadership at home and in the workplace and making sure the future of the children is secure. The Department acknowledged that men go through challenges and so, this free space was to hear their voices and enable dialogue.
As a Gender Based Violence Social Worker based at Krugersdorp office Mrs. Angelina Mhlaole said, “Through this dialogue, we want all men to come together and talk about issue such as substance abuse, economic opportunity, employment, gender based violence and challenges they face in their respective homes. We were raised knowing that men are breadwinners. In these modern days, roles are changing. In terms of behaviours, it is important for them to take information that they can practise it at home. Being a positive role model, will help change their behaviour towards violence and how they should behave in front of their children”.
This campaign was for men to talk about Gender Based Violence, sexual health, relationships, what is gender inequality, the changing roles of men in modern times , and what does culture teach us?
As a professional Councillor Mr. Syck Khaule said,” Many men are suffering, some are not aware, some are aware and conscious of the stigma attached. As society expects more from them the pressure mounts. Men out there should not try to be someone or something they are not. Through this event, men were encouraged to be well informed and to take action.
At the end of the program, it was time for engagement with different stakeholders to ask questions regarding their services.
|
https://www.sagoodnews.co.za/men-as-a-positive-role-model-by-thabo-motlhabi/
| 2024-12-16T07:12:03Z
|
Seven foreign tourists were hospitalized in Fiji after drinking cocktails at a resort bar, Fijian authorities said on Monday.
The cause of their illness was not known and officials said it was too soon to know if tainted alcohol was involved.
Those who became ill at the five-star Warwick resort near the town of Sigatoka on Saturday included Australians and an American, according to local news reports. They were hospitalized with nausea, vomiting and neurological symptoms, said Jemesa Tudravu, a Fiji Health Ministry spokesperson.
Two people remained in the hospital, conscious and in stable condition, Fiji's Tourism Minister Viliame R. Gavoka told reporters on Monday. One person was discharged on Sunday and four others on Monday.
David Sandoe, an Australian man who said his daughter and granddaughter were hospitalized, told Sky News Australia that his relatives had been released from the hospital and were due to fly home on Monday night.
Local news outlets reported on Sunday that the cause of the foreigners' illness was suspected alcohol poisoning, similar to a case in Laos in November in which six tourists — including two Australian teenagers — died after consuming tainted drinks.
Get Tri-state area news delivered to your inbox.> Sign up for NBC New York's News Headlines newsletter.
But Tudravu said no cause had been identified in the Fiji episode. Police have ordered toxicology tests and are awaiting results — which are expected to take three or four days — Gavoka said.
U.S. & World
The bar was full of customers on Saturday night and many had ordered piña coladas, the drink consumed by those who became ill, said the official.
Gavoka said no other reports of similar illness were recorded at the resort or across Fiji, a South Pacific island nation of 930,000 people.
“The resort management has assured us that they have not engaged in practices such as substituting ingredients or altering the quality of drinks served to guests,” Gavoka said. The hotel, located on the picturesque Coral Coast of the largest island, Viti Levu, has operated for many years and “holds a strong reputation,” he added.
“This is the only reported case of its kind that we’ve experienced in recent memory, and certainly nothing like this has been experienced this year,” Gavoka said.
Australia's Foreign Ministry said in a statement that officials are providing consular assistance to two Australian families in Fiji.
The ministry did not comment on the cause of the Australians' illness, but its website advising tourists was updated on Monday to caution travelers about “potential risks around drink spiking and methanol poisoning through consuming alcoholic drinks.”
A spokesperson for the resort, Savaira Molaucake, said staff were “conducting a thorough investigation” of the incident and were working closely with authorities.
|
https://www.nbcnewyork.com/news/national-international/7-foreign-tourists-hospitalized-in-fiji-after-drinking-cocktails-at-a-resort-bar/6072381/
| 2024-12-16T07:12:04Z
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(MENAFN- Live Mint) Maye Musk, mother of billionaire entrepreneur Elon Musk, recently shared insights into her son's ambitious goals and her own journey as a single mother. In a conversation about her family's early years, she revealed how financial struggles shaped her life and the values she instilled in her children.
Also Read | Elon Musk's mother Maye Musk discusses son's growing
bond with Donald
trump During a conversation with Fox Business about her son's accomplishments, Maye offered a unique perspective on Elon's drive to transform industries, particularly his involvement with the goals of Dogecoin and his ongoing influence in the tech world. She also reflected on the challenges of raising a“genius” who is now one of the wealthiest men in the world. Maye emphasized the role of determination and hard work in helping her family navigate difficult times.
On the social networking website X, Maye Musk shared a photo of young Elon Musk from 1990, which resurfaced on X (formerly Twitter). The image, featuring a young Elon in a black suit and tie standing in a modest apartment, prompted Maye to share the story behind the photo.
“This photo was taken in our rent-controlled apartment in Toronto, with my mom's painting on the wall. The suit cost USD 99, which included a free shirt, tie, and socks. A great bargain,” she wrote in response.
Also Read | Why Musk doesn't have access to SpaceX's biggest government secrets
At 76, Maye Musk , a dietitian and model, has built a successful career over five decades. She has often spoken candidly about the hardships she faced as a single mother after her divorce from Elon's father, Errol Musk. Despite financial hardships, Maye worked tirelessly to provide for her three children.
Also Read | Elon Musk gives one-word response to Indian-origin CEO's request for green card
The Musk family's journey took them from South Africa to Canada and later to the United States. During their tough years, Maye found inventive ways to make ends meet. In her memoir, A Woman Makes a Plan: Advice for a Lifetime of Adventure, Beauty, and Success, she described how her children grew up with little material wealth.“We'd buy second-hand clothes. We couldn't afford to eat out. I fed them peanut butter sandwiches. My kids loved it! They didn't know they were deprived,” she recalled.
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https://menafn.com/1108996006/Out-Of-Control-Elon-Musks-Mother-Maye-Opens-Up-About-Raising-Worlds-Richest-Man-His-Plans-For-Dogecoin
| 2024-12-16T07:12:04Z
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Brian Branch News: Career high in tackles in loss
Branch recorded 15 total tackles (eight solo) in Sunday's 48-42 loss to Buffalo.
Branch paced the team in takedowns, compiling a career-high 15 stops in the battle between two high-octane offenses. With Detroit's defense banged up, including the secondary, Branch found himself involved in countless plays Sunday. It's the second time this year that the safety reached double-digit tackles and he's now registered 85 total tackles (62 solo), 13 passes defensed, including four interceptions, and a forced fumble over 13 games in 2024.
|
https://www.rotowire.com/football/headlines/brian-branch-news-career-high-in-tackles-in-loss-590989
| 2024-12-16T07:12:06Z
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Evidence of an economic slowdown in the US continued to build on Monday, sending odds of a Fed rate cut in September back above 50%. Yet the initial reaction on Wall Street suggested that too much bad news is actually bad for forward earnings, even if odds of a cut rose. The S&P 500, Nasdaq 100 and Dow Jones futures all fell over 1% after the release before paring losses and are on track to close slightly lower for the day.
Manufacturing contracted at a faster pace than expected according to the latest ISM report from the Institute for Supply Management. Q2 GDP is estimated to be as low as 1.8%, down from 2.7% according to the Fed Atalanta’s GDPnow report. And that sets the tone for a softer ISM services report on Wednesday, which could further excite expectations of a Fed cut in September ahead of Friday’s key NFP report.
- Manufacturing ISM fell to 48.7, below 49.8 expected and 49.2 prior
- New orders fell at its fastest pace in 12 months at 45.4
- Prices paid slowed by -3.9 points to 57 from 60.9
- Employment expanded for the first month in eight, with a 2.5 points increase rising to 51.1
- Comments of interest from respondents included mention of a “minor slowdown”, “volume continues to be challenging” and “we anticipate more headwinds in the coming months”
Crude oil sides on demand concerns
The US dollar was slammed on Monday, sending the USD index futures contract to an eight-week low on a daily close basis. USD/JPY formed a bearish outside day, USD/CAD reached a 10-week low, EUR/USD closed above 1.09 for the first time in 2.5 months and GBP/USD reached 1.28 for the first time since mid March.
Gold prices regained their footing after sneaking in a minor 3-week low earlier in the day, before reclaiming $2350 and forming a bullish engulfing candle. Crude oil suffered its second worst day of the year and fell over 3.5% to $74 as demand concerns rose as prices fell.
USD index technical analysis:
The US dollar index finally saw a clear break of the December trendline, with bearish momentum also clearing the 200-day EMA and 200-day average. Prices are clinging on to the 104 for support, but with the USD index closing at the low of the day it seems a break beneath it seems more likely than not at this stage. But with traders fully focused on weak US data over bad, it may not take much more to further topple yields and therefore the US dollar. The 103.50 to 103.65 zone is the net line of defence for bulls should 104 break.
AUD/USD technical analysis:
I warned in the AUD/USD outlook report that we could be in for some choppy trade on the Aussie, and I see no immediate reason to change that stance. Yes, the weaker US dollar sent AUD/USD to a 2-week high on Monday – but it was not exactly a risk-on session. And with key resistance level hovering nearby for AUD/USD, I suspect its upside potential remains limited. And we may even see a pullback in today’s Asian session if quarterly net-export contribution, retail sales and company profits come in soft and lower expectations for tomorrow’s GDP report.
Economic events (times in AEST)
Data released from the Australian Bureau of Statistics (ABS) at 11:30 AEST can help shape expectations of Wednesday’s GDP report. But for it to have any meaningful impact on AUD/USD likely requires the data to be distinct enough to force banks to revise their growth forecasts on the eve of GDP.
With traders clearly obsessed with any signs of weak data from the US, we could see a further selloff for the US dollar and yields should job openings or goods orders deliver soft numbers.
- 11:30 – Australian Q1 company profits, quarterly retail sales, net exports contribution, business inventories (ABS)
- 00:00 – US JOLTS job openings, durable goods orders
ASX 200 at a glance:
- The ASX 200 cash index closed higher for a second day on Monday with 9 of its 11 sectors rising
- Financials and utilities led, information technology and telecoms declined
- However, volatility on Wall Street and SPI 200 futures overnight should see the ASX cash market open slightly lower today
- 7800 resistance proved a tough nut to crack for ASX futures (lower chart) which also met resistance around a high-volume node
- The 1-hour chart shows a bullish trend is developing, alongside a potential bull flag
- However, with resistance overhead I am equally on guard for momentum to peter out and prices turn lower, than I am to seeing them break higher
- Therefore, my bias today is neutral until the market tips its hand
View the full economic calendar
-- Written by Matt Simpson
Follow Matt on Twitter @cLeverEdge
|
https://www.forex.com/en-us/news-and-analysis/aud-usd-rises-despite-risk-off-tone-usd-yields-slammed-post-ism-2024-06-04/
| 2024-12-16T07:12:07Z
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JR 34 starts filming
We had earlier reported that Jayam Ravi is joining hands with director Ganesh K Babu of Dada-fame for his 34th film. Tentatively titled JR 34, the film officially kickstarted with a pooja ceremony on Saturday.
Director Rathna Kumar, known for Master, Vikram, and Leo, will be writing the script for this upcoming project. Actor Daudee Jiwal, the daughter of Tamil Nadu Police's current Director General of Police (DGP), Shankar Jiwal, will play the female lead in the film. JR 34 reunites Jayam Ravi with the production banner Screen Scene Studios and composer Harris Jayaraj after Brother, directed by M Rajesh.
Details regarding the rest of the cast members are expected to be announced soon. The technical crew from Dada is once again coming on board to work on the film, including cinematographer Ezhil Arasu K and editor Kathiresh Alagesan.
Jayam Ravi has many other projects in various stages of production, including Kadhalikka Neramillai, opposite Nithya Menen, the much-delayed Genie, directed by debutant Arjunan Jr, and SK 25 with Sivakarthikeyan.
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https://www.newindianexpress.com/entertainment/tamil/2024/Dec/16/jr-34-starts-filming-2
| 2024-12-16T07:12:09Z
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LOGAN, Utah (AP) — Mason Falslev scored 27 points as Utah State beat South Florida 88-67 on Saturday night for the Aggies' best start in school history.
Falslev had nine rebounds, nine assists, and three steals for the Aggies (10-0). Ian Martinez scored 15 points while shooting 4 for 12 (1 for 6 from 3-point range) and 6 of 6 from the free-throw line and added five assists. Karson Templin finished 5 of 8 from the field to finish with 12 points.
Quincy Adekokoya led the Bulls (5-5) in scoring, finishing with 12 points. Kasen Jennings added 11 points and five assists for South Florida. Brandon Stroud finished with 10 points and two steals.
NEXT UP
Up next for Utah State is a Tuesday matchup with UCSD at home, and South Florida hosts Bethune-Cookman on Wednesday.
|
https://www.fox13now.com/sports/falslev-scores-27-as-utah-state-beats-south-florida-88-67-for-best-start-in-school-history-10-0
| 2024-12-16T07:12:09Z
|
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https://www.cbsnews.com/minnesota/video/next-weather-10-p-m-forecast-from-dec-15-2024/
| 2024-12-16T07:12:09Z
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Bangladesh to hold elections in late 2025 or early 2026: Yunus
DHAKA: Bangladesh's interim leader Muhammad Yunus, who heads the caretaker government installed after an August revolution, said on Monday (Dec 16) that general elections would be held late next year or in early 2026.
Pressure has been growing on Nobel Peace Prize winner Yunus – appointed the country's "chief adviser" after the student-led uprising that toppled ex-prime minister Sheikh Hasina in August – to set a date.
The 84-year-old microfinance pioneer is leading a temporary administration to tackle what he has called the "extremely tough" challenge of restoring democratic institutions in the South Asian nation of about 170 million people.
"Election dates could be fixed by the end of 2025 or the first half of 2026," he said in a broadcast on state television.
Hasina, 77, fled by helicopter to neighbouring India as thousands of protesters stormed the prime minister's palace in Dhaka.
Hundreds of people were killed in the weeks prior to Hasina's ouster, most by police gunfire.
Scores more died in the hours after her toppling, largely in reprisal killings against prominent supporters of her Awami League party.
Her government was also accused of politicising courts and the civil service, as well as staging lopsided elections, to dismantle democratic checks on its power.
Hasina's 15-year rule saw widespread human rights abuses, including the mass detention and extrajudicial killings of her political opponents.
"VOTING RIGHTS"
Yunus has launched commissions to oversee a raft of reforms he says are needed, and setting an election date depends on what political parties agree.
"Throughout, I have emphasised that reforms should take place first before the arrangements for an election," he said.
"If the political parties agree to hold the election on an earlier date with minimum reforms, such as having a flawless voter list, the election could be held by the end of November," he added.
But including the full list of electoral reforms would delay polls by a few months, he said.
Key among the reforms needed is an updated voter list, a "complex" challenge after years of turbulent democratic processes, requiring both the stripping of false names from lists, alongside registering first time voters in a rapidly growing youth population, he said.
Yunus said he dreamed of "ensuring 100 per cent voter turnout" in polls.
"If this can be achieved, no government will ever dare to strip citizens of their voting rights again," he said.
Bangladesh last held general elections in January when Hasina celebrated victory – poll denounced as neither free nor fair and boycotted by rivals after a crackdown during which thousands of opposition party members were arrested.
Former opposition groups, such as the Bangladesh Nationalist Party (BNP), are now rebuilding after years of repression under Hasina.
Yunus has said his administration is also focused on ensuring those guilty of abuses during the past government face justice, including issuing a warrant for Hasina's arrest.
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https://www.channelnewsasia.com/asia/bangladesh-elections-late-2025-early-2026-muhammad-yunus-4808796
| 2024-12-16T07:12:09Z
|
Quotes from:
ZAC TAYLOR
Head coach
How would you explain that whole game went from the turnovers to the penalties, that whole game?
Yeah, penalties are unacceptable on offense. Way too many of them. Way below our standard. We're generally first in the league, typically, as a team on offense and so just to have as many false starts as we had, there were some procedural penalties that we'll get into behind the scenes, but the false starts set us back and led to two drives where we didn't score points. I think we didn't score on three drives or four drives and those are crucial. So, unacceptable. But really happy with the way the defense got the turnovers, five turnovers, three of them in the second half was huge for us and kept them on the field for a long time. Our defense had to play a lot of snaps in the second half. It was a strange game that way but I think they'll gladly take that when we're taking the ball away and having to play because of that.
At left tackle you had to go with (Devin) Cochran because of Cody (Ford). It looked like line gave him time...
I thought he settled in there. There's some tough matchups in there sometime, but I thought he settled in there and did a good job in his first career start. Really proud of the way—that's an example of a guy who just practices. Devin Cochran has practiced the right way. He's proven to his teammates all season long that he'll be ready if his number is called because of his approach to that. So, really, you want your top players to play Orlando (Brown Jr.), and Cody (Ford) and all of those guys, so this isn't even any knock on them, but to hear Devin's going to play in the game, wasn't a gut punch because you just trusted him. He was ready for the moment, and we knew that we'd be able to go out there and produce with him.
When did Sam (Hubbard) get hurt exactly?
On the touchdown.
What was that moment like? The whole thing? He's hurt but to call that play for him, to have him have his first receiving touchdown in the NFL?
Really happy for him because just what he does for this team. He's willing to do anything. Willing to go in there. He's played fullback in the goal line in 2018. We put him back in there and he's typically on the backside of the run game and the goal line just to work on the backside. So, you have to pick your moment at some point this season to release him and give it a shot. Usually that's going to come pretty wide open; they had two backers leave the game, so they had back up linebackers in there, so we thought it was a good time to call it, catch them sleeping and they covered it really well, and Sam made a heck of a catch. Really happy for him. Obviously disappointed the way the play turned out physically for him. But just happy for him to be able to go in there and help the team by any means necessary.
How did you address the Jordan Battle fumble?
It's something we address weekly. We show these clips and it's not something we can ever have happen. It's within our control. You go two yards across the goal line, letters and logos, it's very simple. And then you can do whatever you want to do. We preach oftentimes that it's going to happen to guys that aren't used to carrying the ball and used to being in that situation. It's not normally a Ja'Marr (Chase) or Tee (Higgins). So, again, I appreciate that the energy he plays with and a lot of the plays he made, that's a situation obviously we can't have, and we expect our team to do better with that going forward.
Any thought of sitting him (Battle) down after that?
He knows, a guy knows when he makes a mistake. So, again, there were moments where we're pulling guys in and out there because they were getting tired, quite frankly. They played three straight possessions because we had the pick-six and then we had that one that resulted in a fresh set of downs for them. So, our guys were pretty worn out. So we were kind of rolling through because of all that stuff.
Do you know the extent of Sam's (Hubbard) knee?
I don't yet. No, I don't. We'll get more information on that tomorrow.
The first touchdown (Joe) Burrow held the ball for nine seconds. Is that just kind of an example of what he can do in the red zone? The poise to hold onto that. Most quarterbacks would probably throw that away or just give up.
I'm trying to think of what the play was to be honest with you. It hit Chase Brown, but I don't know what the play call was. Trust me, I've learned it over five years to just shut up. Your brain is thinking to throw it away and get us to the next play and way more times than not that I've thought that something great has happened for the Bengals and that's just part of the Joe Burrow experience. He extends plays as good as anybody in the world and makes team's pay for it. I know they lose a lot of sleep probably in the red zone presentations explaining that this is going to happen, he's going to scramble, you've got to cover forever and it's just impossible to do. So, it's something he knows it's a weapon and uses it the right way.
Zac, I know you said that you've faced friends on the other sideline many times throughout your career, but is it a relief to get through this one and maybe go back to a normal cadence of texting with Brian (Callahan)?
Yeah, I enjoyed pulling for Cally (Brian Callahan). So, when you're playing against somebody like that, I think that's really the only thing is you're trying to do everything you can to bury the other team and win the game and feel good on Sunday. And then once you put it behind you, you're able to go back and pull for people that you appreciate in the business.
Because of all the turnovers and the penalties, was this one of those games that felt like it never settled down?
Yeah, the rhythm of it was difficult. And just speaking offensively, they got the ball to start the second half, we got the one possession and then it didn't feel like offensively we were out there until the fourth quarter, I don't think. I could be wrong. So, just a strange—and then defensively, these guys are tired. I don't know how many snaps they played in a row, but it was a lot of snaps. So, there's a balance there where you're trying to sort through should I use a timeout to get them a break, to make sure they can get a stop on a third possession. But ultimately, we made enough plays to find a way to win. At this point in the year, it's December, you've got to come off the field with a victory. And there's a lot to sort out for us. There was a lot that wasn't good enough that we've got to correct, really in all three phases, quite frankly, but happy to get the win and sort it out from there.
What happened with the delay of game at the one?
The headset went out a couple times on that same drive. So, I'm not sure what he's getting through there because helmets make mistakes too. I should have been aware of it and called a time out to keep it on the one-yard line. Sometimes you're focused on getting a play in and on that one I lost track of the play clock.
It looked like you and Joe (Burrow) were having a conversation after that drive that the broadcast caught. It looked like it was a pretty serious back and forth. What was going on there? What prompted that?
It was just a conversation back and forth.
Looked like Chase Brown kind of settled things down for you. It was a little chaotic there in the fourth quarter, but he had some key runs.
Ultimately, I think that was the key. It was a chaotic second half if you're just speaking about the offense. We had the turnover on the first possession, punted on the second possession and then our third possession, last possession we had, we were able to bleed over five minutes, I believe, and score a touchdown. So that was a really good way to finish the game for our guys. It wasn't perfect but to bleed a bunch of clock, to keep getting first downs, we did it a lot of different ways. We did it on the ground, we did it in the pass game, we did it baiting them into penalties on defense and to be able to finish it off with a run, I thought it was an appropriate way to finish it off.
JOE BURROW
Quarterback
You know obviously you're happy with the win, but can you just explain kind of the roller coaster of the game that was for you guys as a team?
Too many self-inflicted wounds, I had too many turnovers, we had too many penalties, but you know defense stepped up. Had some big turnovers for us and we got a good win.
Have you ever been a part of a game like that, I think there were 26 penalties, 10 turnovers between the two teams?
Eh it's tough to say if I ever have, I'm not sure. It was obviously a sloppy one.
The first touchdown, to Chase Brown, I think you had that thing for 10 seconds, what's going through your mind there as things are breaking down?
Just try to make a play, make guys miss. Chase (Brown) does a great job in those situations with getting open, understanding when's the right time to start moving and so that was a great play by him.
How long had you been talking to Sam (Hubbard) about the possibility of throwing him a touchdown pass? How'd that bubble up for you this week?
Yeah, we had been putting him in down there all year to hopefully get a good look for it. It was a great play by him.
You said you guys have been practicing it during the week, he was working on it, obviously it was a harder catch than it probably was in practice, how would you rate his receiving skills there?
Yeah, that was great, that was great. I'm sure he could have been a tight end if that's what he decided to do.
You didn't hesitate, looked like you were going-
Yeah, it was going to Sam (Hubbard).
Just that's what- you just wanted him to get it or you just-
Well, that was the play, we had other options, but you're calling it because you want Sam (Hubbard) to get a touchdown.
When you guys were at Ohio State, he was playing tight end, you were playing quarterback, how good a tight end was he?
Nah, I don't—that was before I got there. That was his true freshman year. I came in the year after, so I never saw him play that.
You tracked the ball down for him, were you watching for that once he spiked it your first thought was, 'I got to go get that ball?'
Yeah, I was trying to find it
I mean that's a big play, that's third-and-two, you're down 14-7, I mean that's arguably the game's turning point.
Yeah, that was a big play in the game. I had faith in Sam to go make that play, he's got good hands. And it's a play we've talked about. So, I think that was a four-down situation that's why we ended up going with that one. Felt good.
With Cody (Ford) down, how good of a job did Devin (Cochran) do and the rest of the offensive line given the situation?
Yeah, I thought Dev really stepped up big. You know he had a couple in the first two drives, and then after that he really settled in. I thought he played great.
On third down, in the first half you were seven-for-eight and two of your touchdown passes were on third downs, was it something that you guys felt comfortable that they were doing or was it just really good execution?
We just executed well in that half. I don't know how many times we had the ball in the second half. Two or three, but first half third-down execution was really good.
Speaking of Sam (Hubbard) obviously we don't know what the extent of his knee injury is, but can you just talk a little bit about what he's meant to you in your football career? I mean obviously everybody know you guys are really good friends off the field, but going back to your Ohio State days how influential has he been on you?
Yeah, I mean I stayed in Sam's dorm on one of my first visits to Ohio State. He's been part of my life for a long time. He's been a great friend and really a guy that you can look up to when you're young because he does things the right way, works really hard, he's about the right things and when you get into the league helps you with your process, all the off the field stuff that I do, a lot of it I got from Sam (Hubbard). And he's just a pros pro, has been for a long time, works really hard at it, plays great when he's in there. Just can't say enough good things about him.
Touchdown to Tee (Higgins), you didn't see it until you were flat on your back, I think Dev(in Cochran) said he kind of got caught on a stunt or something like that, but were you hung with it. Can you go through that play?
Yeah, we had a post outside and the field safety stepped down, so I knew I had a good look for Tee. The corner's playing outside leverage, and I knew if I just could hang in there for an extra second, I was gonna have Tee down the field. I threw it inside a little bit to keep him away from the corner and then he made a great play and showed his toughness with the safety coming over. Great play by him.
How was the view from down there?
I was just hoping it got there; I was just hoping it got there.
The broadcast camera caught you looked pretty irate talking to Zac (Taylor) after the last touchdown. What was the issue there?
I was just frustrated in the day that we had on offense. It was too sloppy, we had too many penalties, too many procedural penalties, I had too many turnovers. It was just a frustrating day on offense.
But it's a win and you guys have been able to string together a couple wins now and keep those hopes, faint as they are, alive to win in December, that still matters right?
Absolutely, we're not out of it yet. We got to play better than we did today going forward, but we need a lot of help from across the League. Teams beating teams that need to lose for us to get in, but as long as we keep controlling what we can control and keep winning, give ourselves a chance.
Joe, is that a meaningful carrot to dangle in front of yourselves, the fact that playoffs are still a remote possibility? I know you said earlier this week you weren't thinking about it.
Yeah, I mean it's always in the back of your mind until you're out of it. But we know the chances are very slim. What I'm focused on right now, is playing as good as we can play, myself playing up to my standard. That's why I was so frustrated, because I didn't feel like we did that today.
It was a little chaotic in the fourth quarter, but Chase Brown seemed to kind of settle things down for you. What he's done in the last month, I think four straight with 100-plus from scrimmage, I mean what has he meant to you?
He's been unbelievable, he really has. It's exciting to see him come along like that. He's going to play here for a long time, he's going to be a great player for us for a long time. That last drive the O-line came off on the ball, we ran it really well on that drive. He ran it really hard, that was a great way to finish it off.
You spent a decent amount of your time pregame talking with Brian (Challahan), good to see him?
Yeah, it was great to see him. He's meant a lot to me in my career. Great to see him get that opportunity. I know he's going to continue to put himself and them in a great position to go and win. When he gets that thing going, I have a lot of confidence in him.
A road win in the NFL is nothing to take for granted, back-to-back road wins I mean something to hang your hat on, you get two at home in a row now, can build on it a little bit?
Yeah, some nice wins back-to-back. We haven't felt that feeling a lot this year. So try not to take it for granted and enjoy them.
How's your knee feel?
Felt great!
SAM HUBBARD
Defensive End
Were they ever that difficult, the ones that you were practicing? That was a tough catch.
No, they warned me that it'd be contested, I'd have somebody on me. But I walked up to the line and was talking to the tackle like, 'Hey, are we cutting off?' like talking about a fake block and tried to get as free as I can. But Joe (Burrow) gave me a great pass. It was really fun.
It looked like he (Joe Burrow) went and got the ball for you.
Yeah, that's my guy.
Did you thank him for going and tracking that down?
I did. That's my guy. He went and got the ball; I'm going to cherish it forever. Catching a touchdown from Joe Burrow, that's something not everybody can say.
Sam, you haven't scored a lot in your career, but the plays you have scored were pretty big. How would you compare that to the Baltimore return?
I mean, that touchdown right there was special. I don't think that a Bengals defensive player has ever scored a receiving touchdown. Anyone want to check me on that?
'68 is the only time a defensive player scored a touchdown.
Yeah, so first pass, I think, ever. I think that it was just a really cool moment. Something that Zac (Taylor) drew up for me and I'm thankful to him. He's done so much for me and my career. I'm just thankful.
Zac [Taylor] said that you got hurt on the play. I know you don't know the extent of it yet. When did you realize you were hurt - because you celebrated? Like, I mean, you were hype.
Yeah, I know. I landed weird, banged my knee in the ground. Could be a PCL, but I need an MRI to see more. We'll see what it is. Whatever it is, I'm happy to get the win. Happy to, you know, be a spark for the team.
Was there always going to be a spike?
Yeah, I definitely worked through the celebration a couple of times. The spike and the flex was the plan.
CHASE BROWN
Running back
Such a back-and-forth game, it felt like you guys were trying to find your rhythm there. How do you kind of describe what just happened?
To be honest with you, we weren't playing good ball today. A ton of penalties that were unneeded that killed some of these drives. It feels good to get the win, but it was a messy game.
What do you have to say just about the offensive performance as a whole today? I know you just mentioned penalties.
I mean, defense backed us up there a couple of times, got us back on the field. So big tribute to them. Outside of that, we could have been a lot better. We put some points on the board, but when we watch the film, there's got to be a lot to learn from.
You made some key runs there down the stretch. What do you have to say about at least putting your team in a better position there?
The o-line line was getting up to the second level and making my life easy. If they do that, I can make five to 10 yards every single time. That's just what happened at the end, and we were able to execute and lower the clock down and finish the drive with the touchdown.
You guys have talked about having to stack wins. How important was it to get a win today?
Huge. I mean, you've seen the reports, you've kind of seen that little thing that gives us a chance that we could make the playoffs. We know what we've got to do. We know what has to happen. We're going to focus on this one game at a time and control the controllables.
Take us through the touchdown, the first touchdown. Joe Burrow's back there for nine seconds.
Oh my gosh, yeah. I was just trying to get open. When Joe (Burrow) rolls out of the pocket, you know it's scramble drill right away. I'm just trying to find some space for him to give me the ball and I was able to.
How many different ways did you scramble? Were you just running back and forth?
Left, right, up, down and then back and I got the ball.
Are you amazed after all that, that he's still holding the ball when you look up?
Yeah, a little bit. He's so poised in the pocket and he's able to navigate through there and just by him, his ability to extend plays is a lot of fun, especially as a skill player in the red zone. You never know when you're going to get the ball.
How many times did you go back and forth?
Like I said, I might have went up and down, side to side. It was crazy.
Are you aware of the stretch you've had in recent weeks? You're playing like one of the best in the game as far as the numbers you're putting up.
I'm just focused on one game at a time. I'll reflect on at the end of the season.
After your last touchdown, the cameras caught Joe Burrow in a pretty animated conversation with Zac Taylor. Do you have any idea what he was upset about? You guys had just scored.
It was just messy. I mean, two penalties. We're on the one-yard line. We could have done that right there. And then we went back to the five or the six, and then another penalty. That's frustrating. Especially when we have a high standard for ourselves and the way that we want to operate. It's just tough to see that and we want to be better.
TEE HIGGINS
Wide Receiver
Talk about the deep touchdown catch you caught from Joe (Burrow). I don't know if you have seen the replay or anything like that yet, but he got flattened. He's on his back, he threw it up to you and the next thing we know, he's on his back getting a touchdown because you made a play for him.
I actually just saw that. He trusted in me to get me the ball. We have been working on that all week. He trusted in me, and I came up and made the play.
Devin Cochran started at left tackle today. He had one offensive snap in his NFL career prior to this. He and the entire offensive line did a nice job.
Oh yeah, they did a hell of a job. Gave room for Chase (Brown) to run. Hats off to him and hats off to Chase as well.
I never asked you this question. When you're playing on the road, wearing the helmet and all the noise you hear down on the field, can you hear your Bengals fans that you love say "Tee" every time you make a catch?
Yeah. Cincinnati fans travel well. Any and every game they yell that "Tee" and it's a good feeling. Especially back home. I feel like even their fans were saying "Tee" because I'm back home.
Been an interesting week beginning on Monday night where quarterback (Joe Burrow) publicly campaigning in hopes that you'll be a Bengal moving forward. What has the week been like for you?
It's been just focusing on ball. Try and put my best foot forward and get a win.
Tee, you talked about coming back home. What's it like being back here in your home state, in front of a good crowd, being an Oak Ridge native and everything. What does it feel like coming back to Nissan Stadium?
Man, it's amazing. As a little kid coming in here for the Mr. Football things and just seeing myself in the locker room saying, "I want to be on this stage one day." Coming back home and actually playing on this stage is the best feeling in the world. Playing in front of friends and family is a feeling like no other.
Tee, when you get in that rhythm, especially at the end of the first half, do you sense that rhythm with Joe (Burrow) that you guys got it really going? Is that where you get the play-action deep threat too?
Yeah, for sure. Once we get in that rhythm we feel like we are unstoppable. We feel like everything is working for us. Obviously, we had a few penalties and turnovers. When we have those, we just have to go back, sit on the sidelines, reflect on what happened on the past drive and go back out there and keep going.
GENO STONE
Safety
Can you take us through the pick-six?
It was something I saw on film during the week. I'm pretty sure (Kerby) Joseph for the Lions had the same exact pick against them. I saw that during the week. It was something that me and the coaches talked about that it was something I could disguise in Banjo, that's our coverage we had.
When you caught the ball did you think you could score right away?
Oh yeah. I always think score. I always get a lot of stuff that ends up out of bounds. But that time I had a lot of room to just run right to the endzone.
I know all season you guys have been trying to generate turnovers and score off the turnovers. Is today one of those examples where obviously if you do that, good things are going to happen.
Definitely. I feel like we had a really good game against Kansas City earlier in the year. We had a lot of turnovers, but we weren't able to win. At this point, we are just trying to win and do as much as we can to do that. We still got a lot of fixing. Got a lot of tackling we still got to get better at. That's on everyone. Today is a great start to get ready for a divisional opponent next week.
It feels like over the last three weeks you have settled in as you got more comfortable and been more productive. Is that fair? Or is it just we are seeing the results?
I am definitely getting more settled in. I am starting to show who I really am. I feel like I've adjusted to the defense the past two weeks. I feel like it has made it simple for us to be able to play fast. I feel like the results are showing what we can do.
How hard was it for you to even keep your breath in the second half? You guys had a ton of snaps out there. Were you guys getting tired?
Definitely. Lou (Anarumo) gave me a one snap break. I needed it a little bit. It was definitely tiring. I feel like I was on the field for 50 plays in a row. It's fine though. That's something we work for during camp and everything. A lot of two-minute drills. I was fine though at the end.
Is this one of the weirdest games you have ever played between all the turnovers, penalties, and as long as y'all were out there in the second half? It was a weird game all around.
Definitely. We had so many turnovers, so I thought the score would have been different. I thought we should have opened it up a lot more. It is what it is. It's the NFL. They can turn the ball over too and they got turnovers. I was happy to get the win at this point.
|
https://www.bengals.com/news/everything-the-bengals-said-after-week-15-against-the-titans
| 2024-12-16T07:12:09Z
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A woman was arrested in Iran after she posted a video of herself singing without a hijab on YouTube, even though the Iranian parliament passed a new, stricter law on women's modesty that rights groups have criticized.
Parastoo Ahmadi posted a 27-minute video of her concert performance Wednesday, in which she sang in a sleeveless dress with her hair down accompanied by four male musicians. In the caption, she described it as an "imaginary concert" and invited the audience to "imagine this beautiful homeland" in Iran.
The performance was recorded in a caravanserai, the name for the roadside inns historically built along the Silk Road to provide merchants and travelers with places to rest as they trekked the ancient trade route spanning North Africa to Central Asia. Ahmadi wrote that it was "where history and our myths intertwine."
"I am Parastoo, a girl who wants to sing for the people I love," the caption said. "This is a right I could not ignore; singing for the land I love passionately."
Milad Panahipour, an Iranian lawyer, told The Associated Press that Ahmadi was arrested Saturday over the performance. He said he was unaware of the charges, the arresting agency or the location of her detention.
Iran's judiciary confirmed that a case has been opened into Ahmadi's performance but did not specify the charges. The statement, released by the state-run Mehr News Agency, also said Ahmadi was released after an interview with authorities.
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"The Mazandaran Police Information Center announced that Ms. Parastoo Ahmadi attended a briefing session after posting a video deemed contrary to cultural norms and values," the agency said. "She has been asked to appear before judicial authorities."
U.S. & World
The Hengaw Organization for Human Rights, a Norway-based organization, said it got a report that two of the men performing with her — Sohail Faghih-Nassiri and Ehsan Beyraghdar — were also arrested.
Iran's hijab laws tighten
The hard-line regimes that have reigned since Iran's 1979 Islamic Revolution have passed laws saying women must be veiled in the presence of men, though women have resisted the rules both domestically and abroad.
Conflict over the issue drew international outrage once again in 2022 when a young woman named Mahsa Amini, 22, was arrested outside a subway station in Tehran and accused of failing to properly wear a hijab. She was dead just three days later.
Iran's government denied wrongdoing, claiming that Amini died of pre-existing medical conditions. Human rights groups, however, have cast doubt on that, and a United Nations fact-finding mission asserted she was killed “as a result of beatings” by Iranian authorities.
Her death drew rage throughout Iran, drawing women out to protest in droves despite violent crackdowns by authorities.
The authorities who enforce the modesty laws, often called the morality police, have eased public confrontations with women over veiling since President Masoud Pezeshkian was elected this year. Pezeshkian campaigned as a reformist who opposed such types of morality police patrols.
But enforcement has not stopped altogether, according to locals who have said the police are now instructed to issue warnings rather than take immediate action. So-called anti-unveiling clinics have also been established, where women are encouraged to follow the hijab laws through "therapy."
Despite Pezeshkian's reformist approach, the parliament pushed even harsher laws about women's veiling this year.
The Hijab and Chastity Law was originally submitted by former President Ebrahim Raisi, who died in May, and it was ultimately passed in September, according to Human Rights Watch. Enforcement will go into effect for a three-year trial period, which the rights organization said will dramatically increase the punishments for women who do not comply.
The new law extends the enforcement into online spaces, increases fines for violations depending on frequency, institutes a travel ban for offenders and includes long-term imprisonment as punishment, Human Rights Watch reported. Fines alone could be detrimental for many Iranians as the country's economy has struggled under the weight of years of sanctions and regional conflict.
The U.N. Human Rights Council's experts on Friday called for the law to be repealed, describing it as a "comprehensive system of gender-based persecution."
Pezeshkian himself criticized the law this month as difficult to enforce in both a statement on X and an interview on state television.
“We should not do anything that disrupts the unity and solidarity of society,” Pezeshkian said. “We need to have dialogue and engage in discussions about this issue.”
This article first appeared on NBCNews.com. Read more from NBC News here:
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https://www.nbcnewyork.com/news/national-international/singer-in-iran-arrested-after-performing-on-youtube-without-a-hijab/6072397/
| 2024-12-16T07:12:10Z
|
Zelensky says Pokrovsk and Kurakhove sectors faces tough circumstances
Date
12/16/2024 1:21:16 AM
(MENAFN) The conflict condition is still tough in the Pokrovsk and Kurakhove areas, also in the region of the Kursk operation. Leader Volodymyr Zelensky noted this in his evening speech posted on his website, Ukrinform reads.
“And of course, today I received a report from Commander-in-Chief Syrskyi on the situation at the front and in the areas of the Kursk operation. The situation remains difficult in the Pokrovsk sector and with Kurakhove. I am grateful to all the units that are destroying the occupiers there. I would also like to express particular gratitude to our warriors in the Kursk region – we need strength there to achieve the right outcomes for Ukraine and Ukrainians in diplomacy,” he stated.
Zelensky emphasized that everybody fighting for Ukraine currently is actually securing Ukraine's future.
He added, “We need a lasting peace. A guaranteed peace. We will undoubtedly achieve our objectives,”
MENAFN16122024000045016953ID1108996007
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https://menafn.com/1108996007/Zelensky-says-Pokrovsk-and-Kurakhove-sectors-faces-tough-circumstances
| 2024-12-16T07:12:11Z
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09 December 2024: In South Africa, we have seen the transformative power of philanthropy and volunteerism in addressing the unique challenges our country faces. From tackling poverty and inequality to strengthening our education system and promoting environmental sustainability, volunteers play an instrumental role in driving positive change.
Our nation has a proud tradition of collective action, and we have witnessed the ways in which communities come together to support one another and rebuild. Most recently, we saw this approach playout in assisting with the disaster relief in areas impacted by adverse weather events in KwaZulu-Natal and the Eastern Cape. People donated money, material, and more importantly their time to help impacted communities.
This spirit of volunteerism is a testament to our resilience and shared commitment to creating a better future where all South Africans can thrive and grow.
In the past, philanthropy and volunteerism were seen as “nice-to-haves” in the context of a fast-moving, execution focused corporate world. Alternatively, volunteerism was specifically seen as something to do on symbolically significant days such as Mandela Day, Earth Day, World Food Day among others.
We don’t share this largely myopic and cynical viewpoint.
For us, volunteering is not just about giving time when it suits; it is about giving hope, providing support, and making a tangible difference in the lives of those who need it most.
Whether you have spent countless hours helping at local shelters, mentoring young people, supporting environmental causes, or aiding in disaster relief efforts, you have proven that kindness, dedication, and compassion can reshape communities. The act of volunteering is an essential thread in the social fabric, connecting people from all walks of life to work together for the greater good.
Standard Bank has a proud track record of fostering volunteerism and philanthropy – we know that everyone can make a difference no matter where they are. We have long played a leading role in finding the difficult but necessary task of integrating social responsibility into our core business operations.
Through our ongoing volunteer programmes and partnerships with organisations such as ForGood that create the platform for volunteers to meet and connect to worthy causes, we have created meaningful opportunities for our employees to give back, making a tangible difference in communities across South Africa.
We have seen over 5,000 committed volunteers in South Africa, donating their time, skills and their money – almost R3 million in 2023 alone to just causes. Our Rand for Rand Matching Programme which sits on the ForGood platform allowed the bank to match every Rand donated by our employees to charitable causes.
Since its inception, the program has raised millions of Rands, providing vital funding for a range of social initiatives focused on education, healthcare, economic empowerment, and environmental sustainability.
This initiative has not only encouraged employees to get involved but has amplified the collective impact of their contributions, creating lasting change for communities across the country.
We recently hosted an awards evening to acknowledge the key people who take on the difficult and underappreciated task of volunteering to make impactful difference to the disinherited, underprivileged, and disheartened. Each one of the volunteers we gathered to recognise demonstrated an unwavering commitment to improving the lives of others over the course of the year but more broadly over a number of years.
The bank’s commitment to volunteering and matching donations proves that corporate responsibility goes far beyond financial support—it’s about creating a culture of care and active involvement.
In closing, let us remember that volunteering is not just about what we give; it’s about what we build and grow together. The generosity, dedication, and care shown by our volunteers remind us that real change starts with people coming together to serve their communities.
Let us continue to nurture the spirit of volunteering and work together to create a South Africa where every person can grow.
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https://www.sagoodnews.co.za/we-step-up-to-help-south-africa-grow-volunteers-are-the-heroes-of-our-country/
| 2024-12-16T07:12:10Z
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Calvin Ridley News: Quiet against Bengals
Ridley recorded three receptions on five targets for 41 yards in Sunday's 37-27 loss to the Bengals. He added one rush for 19 yards.
Ridley saw his fewest targets since Week 4, though he still made explosive plays with the ball in his hands. He tallied long receptions of 21 and 16 yards and supplemented that with a 19-yard rush off the right end late in the third quarter. Even so, Ridley has 60 or fewer yards from scrimmage in four of his last five games.
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https://www.rotowire.com/football/headlines/calvin-ridley-news-quiet-against-bengals-590994
| 2024-12-16T07:12:12Z
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Swasika, Yogi Babu and more join Suriya 45
The producer of Suriya 45, Dream Warrior Pictures has been making a series of cast announcements over the past few days. On Sunday, the makers revealed that Yogi Babu, Lubber Pandhu-fame Swasika, veteran Malayalam actor Indrans, and Sshivada have been added to the film's cast.
As reported earlier, the yet-to-be-titled film is directed by RJ Balaji and stars Trisha as the female lead. The film marks Suriya's first collaboration with RJ Balaji. It brings Suriya and Trisha back together for the first time after 2005's Aaru.
Recently, composer Sai Abhyankar joined the project as a replacement for AR Rahman. Suriya 45 also reunites Suriya with his NGK producers and RJ Balaji with his Sorgavaasal makers, SR Prabu and SR Prakash Babu of Dream Warrior Pictures. Launched with a traditional pooja ceremony earlier this year, the film is still in preproduction.
Apart from Sai Abhyankar, the film's technical crew also includes cinematographer GK Vishnu. The producers are yet to reveal further details about the film's plot and characters.
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https://www.newindianexpress.com/entertainment/tamil/2024/Dec/16/swasika-yogi-babu-and-more-join-suriya-45
| 2024-12-16T07:12:15Z
|
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https://www.cbsnews.com/minnesota/video/the-latest-on-the-mysterious-drone-sightings-happening-throughout-the-country/
| 2024-12-16T07:12:15Z
|
Evidence of an economic slowdown in the US continued to build on Monday, sending odds of a Fed rate cut in September back above 50%. Yet the initial reaction on Wall Street suggested that too much bad news is actually bad for forward earnings, even if odds of a cut rose. The S&P 500, Nasdaq 100 and Dow Jones futures all fell over 1% after the release before paring losses and are on track to close slightly lower for the day.
Manufacturing contracted at a faster pace than expected according to the latest ISM report from the Institute for Supply Management. Q2 GDP is estimated to be as low as 1.8%, down from 2.7% according to the Fed Atalanta’s GDPnow report. And that sets the tone for a softer ISM services report on Wednesday, which could further excite expectations of a Fed cut in September ahead of Friday’s key NFP report.
- Manufacturing ISM fell to 48.7, below 49.8 expected and 49.2 prior
- New orders fell at its fastest pace in 12 months at 45.4
- Prices paid slowed by -3.9 points to 57 from 60.9
- Employment expanded for the first month in eight, with a 2.5 points increase rising to 51.1
- Comments of interest from respondents included mention of a “minor slowdown”, “volume continues to be challenging” and “we anticipate more headwinds in the coming months”
Crude oil sides on demand concerns
The US dollar was slammed on Monday, sending the USD index futures contract to an eight-week low on a daily close basis. USD/JPY formed a bearish outside day, USD/CAD reached a 10-week low, EUR/USD closed above 1.09 for the first time in 2.5 months and GBP/USD reached 1.28 for the first time since mid March.
Gold prices regained their footing after sneaking in a minor 3-week low earlier in the day, before reclaiming $2350 and forming a bullish engulfing candle. Crude oil suffered its second worst day of the year and fell over 3.5% to $74 as demand concerns rose as prices fell.
USD index technical analysis:
The US dollar index finally saw a clear break of the December trendline, with bearish momentum also clearing the 200-day EMA and 200-day average. Prices are clinging on to the 104 for support, but with the USD index closing at the low of the day it seems a break beneath it seems more likely than not at this stage. But with traders fully focused on weak US data over bad, it may not take much more to further topple yields and therefore the US dollar. The 103.50 to 103.65 zone is the net line of defence for bulls should 104 break.
AUD/USD technical analysis:
I warned in the AUD/USD outlook report that we could be in for some choppy trade on the Aussie, and I see no immediate reason to change that stance. Yes, the weaker US dollar sent AUD/USD to a 2-week high on Monday – but it was not exactly a risk-on session. And with key resistance level hovering nearby for AUD/USD, I suspect its upside potential remains limited. And we may even see a pullback in today’s Asian session if quarterly net-export contribution, retail sales and company profits come in soft and lower expectations for tomorrow’s GDP report.
Economic events (times in AEST)
Data released from the Australian Bureau of Statistics (ABS) at 11:30 AEST can help shape expectations of Wednesday’s GDP report. But for it to have any meaningful impact on AUD/USD likely requires the data to be distinct enough to force banks to revise their growth forecasts on the eve of GDP.
With traders clearly obsessed with any signs of weak data from the US, we could see a further selloff for the US dollar and yields should job openings or goods orders deliver soft numbers.
- 11:30 – Australian Q1 company profits, quarterly retail sales, net exports contribution, business inventories (ABS)
- 00:00 – US JOLTS job openings, durable goods orders
ASX 200 at a glance:
- The ASX 200 cash index closed higher for a second day on Monday with 9 of its 11 sectors rising
- Financials and utilities led, information technology and telecoms declined
- However, volatility on Wall Street and SPI 200 futures overnight should see the ASX cash market open slightly lower today
- 7800 resistance proved a tough nut to crack for ASX futures (lower chart) which also met resistance around a high-volume node
- The 1-hour chart shows a bullish trend is developing, alongside a potential bull flag
- However, with resistance overhead I am equally on guard for momentum to peter out and prices turn lower, than I am to seeing them break higher
- Therefore, my bias today is neutral until the market tips its hand
View the full economic calendar
-- Written by Matt Simpson
Follow Matt on Twitter @cLeverEdge
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https://www.forex.com/en/news-and-analysis/aud-usd-rises-despite-risk-off-tone-usd-yields-slammed-post-ism-2024-06-04/
| 2024-12-16T07:12:15Z
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NASHVILLE, Tenn. _ Bengals rookie cornerback Josh Newton saw his first NFL interception looming in the gray sky of Nissan Stadium, and his eyes got as big as the Bengals' 37-27 victory over the Titans Sunday.
"I was saying, 'Go get it, go get it, go get it,'" said Newton and that's exactly what the defense did in coming up with its first six-turnover game in 17 years and not allowing any second-half points until the last play of the game.
"Pretty much our best performance of the year. From top to bottom," said slot cornerback Mike Hilton, who had one of four interceptions that got Titans quarterback Will Levis benched. "We know when we go out there and execute, we're a hard defense to move the ball on."
Old friend Brian Callahan, the first-year Titans head coach and former Bengals offensive coordinator, made it clear what he wanted to do as he loaded up with extra offensive linemen and multiple tight ends in order to run the ball, control the clock and keep Bengals quarterback Joe Burrow off the field.
The Bengals responded by giving running back Tony Pollard just 2.6 yards per his 17 carries on the way to allowing 83 yards on the ground for their second-best performance against the run this season.
"Our game plan was to make him sit back and read coverages and let our front four do what they do," Hilton said.
Hilton gave a shoutout to Newton because before he got his own interception he had "great," man-to-man coverage on wide receiver Calvin Ridley. When Newton tipped it, Hilton was able to dive and catch the ball at the Titans 38 with 67 seconds left in the first half.
That was a back-breaker because it set up what amounted to a last-snap field goal by Cade York for a 24-14 halftime lead.
Newton, the fifth-rounder from TCU, had a busy day with three passes defensed and four tackles. Hilton, whose red-zone interception here three years ago in the AFC Divisional win over the Titans was one of the centerpieces of the Super Bowl run, had another monster Nissan game with three tackles for loss, six altogether.
And, he enjoyed some give-and-take with the Tennessee sideline that included old teammate Chidobe Awuzie.
"Good, natural fun. It always seems like when I come to Nashville, I have some of my best games," said Hilton, who spoke with Callahan after it was over. "He told me he's had a lot of respect for me, and I told him I was excited for his opportunity."
BURROW FINDS A WAY
Burrow was happy to get the win, but he wasn't very pleased with his first multiple-interception game of the season, his fumble that stopped the Bengals' NFL-best red-zone streak of 42 straight with a score and a season-high 14 penalties that is the most ever by a Bengals team coached by Zac Taylor.
But Burrow is always Burrow.
Those three brilliant, creative touchdown passes that all came in the first half broke his own club record for a season and jacked his NFL-leading total to 36.
On one, he dropped his hands like a welterweight zooming in for a knock-out, scrambled around for about 10 seconds while making three defenders miss and found running back Chase Brown for a six-yard touchdown.
"A lot of fun playing with a guy like that. Especially in the red zone. You never know when you're going to get the ball," said Brown, who ran in the last Bengals' score for his 10th touchdown of the season. "I might have went up and down, from side to side. It was crazy."
On another scoring pass, Burrow got dropped by Titans sackmaster Arden Key just as he delivered a 38-yard touchdown pass to wide receiver Tee Higgins to put the Bengals ahead for good, 21-14 with 1:12 left in the first half. While lying on his back, he gave the touchdown signal.
"I was just hoping it would get there," Burrow said.
But the masterpiece was his two-yard flip to, of all people, defensive end Sam Hubbard for the first offensive touchdown by a Bengals defender since the inaugural year of the franchise in 1968.
It looks to have been costly. Hubbard, who lined up as the fullback, hurt his knee making a great over-the-shoulder, fingertip grab. He didn't return, and there's some fear he won't for the rest of the year. Fingers are crossed on an MRI back in Cincinnati.
"It means a lot," said the man they call 'The Cincinnati Kid," who hadn't done that since Moeller High School. "We worked on it all week. I think I had one in a scrimmage freshman year (in high school)."
The play was called for Hubbard all the way. He even carried out a fake as they broke the huddle in asking one of the tackles if there was cut-off block. After Hubbard's Gronk-like spike, Burrow made sure he got the ball for him.
"That's my guy. He went and got the ball; I'm going to cherish it forever," Hubbard said. "Catching a touchdown from Joe Burrow, that's something not everybody can say."
BAPTISM BY FIRE
Bengals left tackle Devin Cochran found out he was making his first NFL start about 90 minutes before it happened Sunday. He had heard on Friday that the starter, Cody Ford, was sick, "but I didn't think I'd get my first NFL start out of it."
He found out for sure after Ford tried to go in pregame warmups, and it wasn't happening. But even though Cochran had played one NFL scrimmage snap, Zac Taylor wasn't worried going in against the NFL's second-best defense.
"It wasn't a gut-punch," Taylor said. "Devin's a reliable guy."
Cochran, who has been with the Bengals as undrafted free agent since 2022 before he missed all of last year with an injury, helped the offensive line make sure the game didn't get out of hand. Burrow got sacked once and was hit only a handful of times against a tough Titans front that includes the monstrous Jeffrey Simmons as the Bengals also ran for 101 yards.
Cochran said Burrow settled him down after a tough first series saw Key get inside him and get pressure.
"Joe's so poised, so in control. That's what helped me to kind of adjust," Cochran said. "'Ok, he's not freaking out.' Some guys freak out on you, But he takes those hits.
"That first series was rough. I was trying to get my feet wet. It was myself beating myself. When it feels like that, it's usually footwork," said Cochran, who consulted with offensive line coach Frank Pollack after the series. "Pollack kept telling me to get my inside foot back, so I was trying to stay square and play with good hand carry. I feel like an inside move is kind of a bailout (for rushers), especially when you kick out fast. So I was trying to stay tight to my spot and stay square."
Cochran said he "freaked out," when the Titans ran a tackle-end stunt on third-and-ten, but he couldn't get there in time. But Burrow hung in, took the shot, and while giving the TD sign flat on his back, he noticed Higgins taking his own shot in the end zone and holding on.
"He's tough," said Cochran, who was talking about Burrow, but could have been talking about Higgins.
PICK-SIX
The genesis of safety Geno Stone’s first career pick-six that gave the Bengals a 31-14 lead halfway through the third quarter came in the Tuesday off-day, players-only meeting of the secondary.
"(Tight end) Chig Okonkwo runs a bunch of overs to the boundary," said Stone, after cashing his third pick of the year from 39 yards out. "Playing a lot of single-high, and I knew I could jump it."
Stone, the defending AFC interceptions champion from his work in Baltimore last season, is starting to hit his stride as a Bengal with interceptions in his last two games.
"I'm starting to show who I really am. I feel like I've adjusted to the defense the past two weeks," Stone said. "I feel like it has made it simple for us to be able to play fast. I feel like the results are showing what we can do."
SLANTS AND SCREENS
Bengals safety Jordan Battle had his 24th birthday on Saturday, but he celebrated Sunday with his first double-digit tackling game of the season with 10. He also got the final block for Stone at the 5.
But nobody wanted to talk about that.
After Battle scooped up rookie defensive tackle McKinnley Jackson’s forced fumble at the Bengals 39, he appeared to race 61 yards for a touchdown to give the Bengals a 37-14 lead with three minutes left.
But he lost the ball before he crossed the goal line, and the Titans got a touchback. Battle says he wasn't looking to celebrate too early.
"I felt somebody coming from the inside and I was switching it to my left hand," Battle said. "Self-inflicted wound. Need to finish through the end zone. Need to get across the line to celebrate …
Chase Brown rushed for 97 yards on 25 attempts, the second-most carries of his career …
Bengals wide receiver Ja’Marr Chase had nine catches for 94 yards, giving him a career-high 102 grabs, 11 away from breaking T.J. Houshmandzadeh's club record set in 2007 …
|
https://www.bengals.com/news/mike-hilton-josh-newton-joe-burrow-bengals-d-celebrates-best-outing-of-season-from-top-to-bottom-devin-cochran-gets-inside-on-first-nfl-start-at-lt-postgame-quick-hits
| 2024-12-16T07:12:16Z
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Jack Campbell News: Double-digit stops in loss
Campbell recorded 11 total tackles (eight solo) in Sunday's 48-42 loss to the Bills.
Campbell remained rather active in Week 15, reaching double-digit tackles for the first time since Week 9 versus the Packers. The linebacker has now reached at least eight takedowns in six of the last eight contests. Campbell is up to 109 total tackles (59 solo), including 1.5 sacks, while also adding a forced fumble and three passes defensed over 14 games in 2024.
|
https://www.rotowire.com/football/headlines/jack-campbell-news-double-digit-stops-in-loss-590991
| 2024-12-16T07:12:18Z
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South Africa's Takealot bets on townships to fend off global rivals
JOHANNESBURG : South Africa's biggest e-commerce retailer, Takealot, has hired thousands of personal shoppers to help it penetrate townships and rural areas and fend off increased competition from global rivals, its CEO told Reuters.
Attracted by growth potential and South Africa's strategic position, companies have invested in the country's price-conscious e-commerce market. Among the international names that have made inroads are Chinese fast-fashion retailers Temu and Shein.
A few months after PDD's Temu started selling into South Africa in January, U.S. retail giant Amazon followed suit in May.
"You can't argue that they had an impact on the overall retail environment," Frederik Zietsman, Takealot Group CEO told Reuters, referring to the Chinese players and Amazon. "I think more dramatically, the cost of doing business has gone up significantly."
Companies regard South Africa as an entry point to expand into the continent because it has more mobile internet users, higher smartphone penetration and a proliferation of new payment methods such as Buy Now Pay Later.
Takealot Group, owned by tech investor Naspers, houses Takealot.com - which sells items from household goods to electronics - and food and grocery delivery platform Mr D.
But a weak economic environment and competition from global entrants has curbed the group's growth. Takealot.com's gross merchandise value growth slowed in its first half ended Sept. 30, rising by 10 per cent compared with 15 per cent in the same period last year.
Its market share declined to 20.9 per cent in 2023 from 26.5 per cent a year earlier, according to a study conducted by World Wide Worx, in partnership with Mastercard, Peach Payments and Ask Afrika.
PERSONAL SHOPPERS
To try to win more customers in South Africa's townships and in rural areas, Takealot is recruiting personal shoppers to shop on behalf of mostly non-tech-savvy consumers.
Zietsman said the targeted areas were "where our insights showed us that e-commerce is struggling to get traction".
South Africa's online retail sector grew 29 per cent to 71 billion rand ($3.96 billion) in 2023, positioning the sector to account for 10 per cent of total retail sales by 2026, according to the World Wide Worx study.
But urban centres account for the majority of online spending.
Takealot has so far recruited about 2,500 personal shoppers as part of the group's township initiative and plans to have 5,000 personal shoppers in total by 2028, Zietsman said.
"The personal shopper brings more drivers, the more drivers there are, the more need you've got for a franchisee and then you establish the franchisee, then you create the ecosystem," he said.
The initiative has yielded results.
Personal shopper Achumile Vellem, who joined Takealot's programme in October, said she has so far bought over 150 products including air fryers, cellphones and books on behalf of clients - most of whom were outside urban centres.
"I've had someone purchase on behalf of their mother in Keiskammerhoek," the 29-year-old said, referring to a rural town in the Eastern Cape province.
DARK STORES AND ROBOTS
Takealot also plans to grow what are known as "dark stores" in the next 12 months, Zietsman said, without giving further details.
Takealot has four dark stores - or stores solely dedicated to fulfilling online orders and usually situated near big distribution centres.
The company has distribution centres in three main cities, the largest being in Johannesburg, where in October it launched 54 robotic machines in a 19 million rand ($1 million) investment to process large items.
In Cape Town, Takealot increased automation at its facility to help it receive more parcels per day, Zietsman said.
"Those robots basically help us to scale quicker in that they can sort quicker. They can take a lot of incremental load within the physical facility," he added.
($1 = 17.6524 rand)
|
https://www.channelnewsasia.com/business/south-africas-takealot-bets-townships-fend-global-rivals-4808991
| 2024-12-16T07:12:19Z
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HYDERABAD: Actor Allu Arjun, who was released on interim bail following his arrest in the Sandhya theatre incident on Saturday, expressed his concern about the health of the injured victim and wished him a speedy recovery.
He said that he has been advised not to visit victim Sri Tej, due to the "ongoing legal proceedings" but added that his prayers remain with him. He also affirmed his commitment to help with his medical needs.
Taking to X, he wrote, "I remain deeply concerned about young Sri Tej, who is under constant medical care after the unfortunate incident. Due to the ongoing legal proceedings, I have been advised not to visit him and his family at this time My prayers remain with them and I remain committed to taking responsibility for addressing the medical and family needs. I wish him a speedy recovery, and I look forward to meeting him and his family at the earliest."
The 'Pushpa' actor was granted bail by Telangana High Court after furnishing a personal bond of Rs 50,000.
His release was met with support from family members and colleagues from the film industry, many of whom gathered at his Jubilee Hills residence in Hyderabad.
Allu Arjun was arrested on Friday in connection with the death of a woman during the screening of his latest film last week. He was released on Saturday morning on the orders of the Telangana High Court.
On Saturday, fellow actors Rana Daggubati and Naga Chaitanya visited Allu Arjun and greeted him with warm hugs to show their support. Chiranjeevi's wife, Surekha, also visited Allu Arjun's Jubilee Hills residence to meet her nephew.
Actor Vijay Deverakonda and 'Pushpa 2: The Rule' director Sukumar were spotted at the actor's residence, conversing and embracing him outdoors.
After his release from jail, Allu Arjun thanked his fans for their support.
The incident occurred on December 4 at Sandhya Theatre when he attended the premiere of his movie 'Pushap 2'. A woman named Revathi died and her son Sri Tej was injured.
The incident leading to Allu Arjun's arrest occurred during a chaotic scene at the Sandhya theatre on December 4, where the actor attended the premiere of his movie 'Pushpa 2: The Rule' at Sandhya theatre. A massive crowd gathered to catch a glimpse of the star. The situation escalated when Allu Arjun waved to fans from the sunroof of his vehicle.
Police allege that this action contributed to the chaos, resulting in the death of a woman named Revathi, while her son sustained injuries.
Initially, Allu Arjun was sent to 14 days of judicial custody by a lower court in Telangana, following the tragic incident. His legal team challenged the ruling in the Telangana High Court, which granted the actor interim bail. However, Allu Arjun had to spend the night in jail before being released this morning.
Meanwhile, Allu Arjun's latest release, 'Pushpa 2: The Rule', directed by Sukumar and co-starring Rashmika Mandanna and Fahadh Faasil, is currently breaking box office records.
|
https://www.newindianexpress.com/entertainment/telugu/2024/Dec/16/sandhya-theatre-stampede-allu-arjun-expresses-concern-over-injured-boy-promises-to-provide-help
| 2024-12-16T07:12:21Z
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https://www.cbsnews.com/chicago/video/79th-street-metra-electric-station-reopens-monday-after-renovations/
| 2024-12-16T07:12:21Z
|
NASHVILLE, Tenn. _ The thing had all the feel of an intimate rough-and-tumble-shirt-tail-out neighborhood pickup game, Right down to the old teammates, college buddies, scramble drills, hometown heroes, and big hits.
Before the game, the Bengals hugged Titans head coach Brian Callahan, their former offensive coordinator, and then proceeded to wrap their arms around Sunday's game at Nissan Stadium. They timed their most opportunistic defensive game since 2007 with another bolt of history from quarterback Joe Burrow in a 37-21 victory that kept the playoff monitor beeping.
"We found a way to walk out with a win and we're keeping ourselves alive," said slot cornerback Mike Hilton, who was then told the Dolphins lost, just one of the many things they need to have happen over the last three weeks of the season.
"Didn't know that. That's big. But we can't worry about anything outside here. We just have to keep on winning and let everything take care of itself."
Hilton's interception was one of six Titans' turnovers and Burrow took care of the rest. He didn't hit 300 yards (271), but for the sixth straight game he threw at least three touchdowns. All three came in the first half, giving him 36 for the season and breaking his own Bengals record for a single season while keeping a stranglehold on the NFL lead.
Even a game strewn with ten turnovers and 26 penalties didn't muss up Joe Lee Burrow's career season.
"Joe Burrow did Joe Burrow things, and we didn't do a good enough job of getting him down, but they converted way too many third downs," said Callahan, who helped create that monster during his five previous seasons in Cincinnati, after the Bengals reeled off their first seven third-down conversions of the day.
"We had to get him. When we had chances to get him down, get him down, and we didn't do a good enough job of it. He created a lot of their third-down opportunities off of structure and off the script. And that's what he does, he does that to everybody he plays … We had opportunities. We hit him, we affected him, but he made too many plays outside of the pocket and getting out of the pocket when we had chances to get him down and when we didn't finish it."
Burrow wasn't pleased with his first two-interception game of the year or the lost fumble that stopped the NFL's best red-zone scoring streak at 42 or the slew of pre-snap penalties.
But two third-and-Burrow plays defined this game and the first one, a third-and-two flip to Buckeye buddy Sam Hubbard for the tying touchdown at 14, swung it for good. The stunning play-action to a defensive end spawned 30 straight points and took Callahan out of his bid to control the game with the run.
But Hubbard, the popular dean of the Bengals who has known Burrow longer than anyone on the team from their days at Ohio State, knew it meant more than that.
Someone told "The Cincinnati Kid," that he was the first Bengal defender to ever catch a touchdown in the 57 seasons of the franchise. Not even at Moeller High School had Hubbard scored an offensive touchdown. Maybe, he said, freshman year in a scrimmage.
Hubbard lined up as the fullback and carried out two fakes. One was the play-action and the other was breaking the huddle while talking to one of the tackles about a block that would never be made.
"I think that it was just a really cool moment," said Hubbard, who tipped his hat to the play-caller and head coach Zac Taylor. "Something that Zac drew up for me and I'm thankful to him. He's done so much for me and my career. I'm just thankful."
Hubbard feared he injured his PCL on the play, which would most likely end his seventh season. It was enough to end his day in the middle of the second quarter. He felt "weird," when he came down on it. But before that, he ran a solid route to get behind backup linebacker James Williams, leaped, high-pointed the ball with a slight juggle, and held on coming down as Williams tried to knock it out.
"Usually, that's going to come pretty wide open; they had two backers leave the game, so they had back-up linebackers in there," Taylor said. "We thought it was a good time to call it, catch them sleeping and they covered it really well, and Sam made a heck of a catch.
"He's willing to do anything. Willing to go in there. He's played fullback in the goal line in 2018. We put him back in there and he's typically on the backside of the run game and the goal line just to work on the backside. So, you have to pick your moment at some point this season to release him and give it a shot."
They repped it last week in practice and Burrow knew they were going for it on fourth down, so he really wanted Hubbard to get it.
"That was the play, we had other options, but you're calling it because you want Sam to get a touchdown," Burrow said. "I had faith in Sam to go make that play, he's got good hands And it's a play we've talked about. So, I think that was a four-down situation that's why we ended up going with that one. Felt good."
They told Hubbard last week it would be contested. It turned out Burrow had the toughest assignment of the two on Sunday. After Hubbard Gronk-spiked it, Burrow made sure he got the ball for him.
"I'm going to cherish it forever. Catching a touchdown from Joe Burrow, that's something not everybody can say," Hubbard said.
It sounds like Burrow cherishes it, too.
"I stayed in Sam's dorm on one of my first visits to Ohio State. He's been part of my life for a long time," Burrow said. "He's been a great friend and really a guy that you can look up to when you're young because he does things the right way, works really hard, he's about the right things … all the off-the-field stuff that I do, a lot of it I got from Sam. And he's just a pros pro. Has been for a long time."
So have Burrow and Bengals wide receiver Tee Higgins and they showed why moments later. Higgins, Tennessee's old Mr. Basketball a few post patterns up the road in Oak Ridge, put them ahead for good on third-and-10 from 38 yards out.
Higgins blew by old Bengals teammate Chidobe Awuzie, racing past his inside to the post, where safety Daryl Worley was waiting. While Burrow was getting leveled by linebacker Arden Key the instant before he let it go, Higgins was getting blown up by Worley in the end zone as he waited ever so slightly for the ball. Lying flat on his back as he raised his arms, Burrow told you Higgins held on.
"I was just hoping it got there; I was just hoping it got there," Burrow said. "The field safety stepped down, so I knew I had a good look for Tee. The corner's playing outside leverage, and I knew if I just could hang in there for an extra second, I was going to have Tee down the field. I threw it inside a little bit to keep him away from the corner and then he made a great play and showed his toughness with the safety coming over. Great play by him."
Toughness?
"I actually just saw that. He trusted in me to get me the ball," Higgins said. "We have been working on that all week. He trusted in me, and I came up and made the play."
With five catches for 88 yards (and one hellacious ball over the middle he plucked out of a head-on crash), that was five robust "T-eee---eee," chants that he says may not have been just Bengals fans.
"Cincinnati fans travel well. Any and every game they yell that "Tee" and it's a good feeling," Higgins said. "Especially back home. I feel like even their fans were saying "Tee" because I'm back home."
Third-and Burrow, the defense, and the running of Chase Brown stilled the crazy long enough to win for the first time since 2013 despite making four turnovers. Revealing a stubborn resolve, the Bengals also got their first win in 20 seasons despite committing as many as 14 penalties, the high in the Zac Taylor era.
How crazy out there? Hubbard's touchdown, the highlight of his seventh season, maybe his last play of his seventh season, was set up by his bookend edger Trey Hendrickson forcing a fumble recovered by rookie linebacker Maema Njongmeta, a name starting to be heard more often. Bengals safety Jordan Battle saw a 61-yard fumble return touchdown slip through his left hand a step away from the goal line. Half their penalties were pre-snap in the first half.
But with the Bengals up, 31-21, Burrow put away the madness by putting it in Brown's belly ten times on the final drive for 39 yards, the last one a five-yarder up the middle that took part of 366-pound T'Vondre Sweat with him for his tenth touchdown of the season.
"He's been unbelievable, he really has. It's exciting to see him come along like that," said Burrow of Brown's 97-yard day capping a month of four straight plus-100-yard scrimmage games. "He's going to play here for a long time, he's going to be a great player for us for a long time. That last drive the O-line came off on the ball, we ran it really well on that drive. He ran it really hard, that was a great way to finish it off."
And then there was the six-yard touchdown pass from Burrow to Brown to tie it at seven. With three Titans rushing and eight dropping, Burrow won a ten-second dance contest in the ultimate playground scramble.
"Left, right, up, down and then back and I got the ball," Brown said. "He's so poised in the pocket and he's able to navigate through there and just by him, his ability to extend plays is a lot of fun, especially as a skill player in the red zone. You never know when you're going to get the ball."
Just like you never know where the playoff trail can lead.
"We're not out of it yet. We've got to play better than we did today going forward, but we need a lot of help from across the league," Burrow said. "Teams beating teams that need to lose for us to get in, but as long as we keep controlling what we can control and keep winning, give ourselves a chance."
Third-and-Burrow is just looking for the next conversion. Nothing else.
"What I'm focused on right now, is playing as good as we can play, myself playing up to my standard," Burrow said. "That's why I was so frustrated. Because I didn't feel like we did that today."
|
https://www.bengals.com/news/third-and-burrow-tee-higgins-chase-browna-pinch-of-defense-paves-the-way-for-third-and-burrow-in-win-over-titans
| 2024-12-16T07:12:22Z
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Evidence of an economic slowdown in the US continued to build on Monday, sending odds of a Fed rate cut in September back above 50%. Yet the initial reaction on Wall Street suggested that too much bad news is actually bad for forward earnings, even if odds of a cut rose. The S&P 500, Nasdaq 100 and Dow Jones futures all fell over 1% after the release before paring losses and are on track to close slightly lower for the day.
Manufacturing contracted at a faster pace than expected according to the latest ISM report from the Institute for Supply Management. Q2 GDP is estimated to be as low as 1.8%, down from 2.7% according to the Fed Atalanta’s GDPnow report. And that sets the tone for a softer ISM services report on Wednesday, which could further excite expectations of a Fed cut in September ahead of Friday’s key NFP report.
- Manufacturing ISM fell to 48.7, below 49.8 expected and 49.2 prior
- New orders fell at its fastest pace in 12 months at 45.4
- Prices paid slowed by -3.9 points to 57 from 60.9
- Employment expanded for the first month in eight, with a 2.5 points increase rising to 51.1
- Comments of interest from respondents included mention of a “minor slowdown”, “volume continues to be challenging” and “we anticipate more headwinds in the coming months”
Crude oil sides on demand concerns
The US dollar was slammed on Monday, sending the USD index futures contract to an eight-week low on a daily close basis. USD/JPY formed a bearish outside day, USD/CAD reached a 10-week low, EUR/USD closed above 1.09 for the first time in 2.5 months and GBP/USD reached 1.28 for the first time since mid March.
Gold prices regained their footing after sneaking in a minor 3-week low earlier in the day, before reclaiming $2350 and forming a bullish engulfing candle. Crude oil suffered its second worst day of the year and fell over 3.5% to $74 as demand concerns rose as prices fell.
USD index technical analysis:
The US dollar index finally saw a clear break of the December trendline, with bearish momentum also clearing the 200-day EMA and 200-day average. Prices are clinging on to the 104 for support, but with the USD index closing at the low of the day it seems a break beneath it seems more likely than not at this stage. But with traders fully focused on weak US data over bad, it may not take much more to further topple yields and therefore the US dollar. The 103.50 to 103.65 zone is the net line of defence for bulls should 104 break.
AUD/USD technical analysis:
I warned in the AUD/USD outlook report that we could be in for some choppy trade on the Aussie, and I see no immediate reason to change that stance. Yes, the weaker US dollar sent AUD/USD to a 2-week high on Monday – but it was not exactly a risk-on session. And with key resistance level hovering nearby for AUD/USD, I suspect its upside potential remains limited. And we may even see a pullback in today’s Asian session if quarterly net-export contribution, retail sales and company profits come in soft and lower expectations for tomorrow’s GDP report.
Economic events (times in AEST)
Data released from the Australian Bureau of Statistics (ABS) at 11:30 AEST can help shape expectations of Wednesday’s GDP report. But for it to have any meaningful impact on AUD/USD likely requires the data to be distinct enough to force banks to revise their growth forecasts on the eve of GDP.
With traders clearly obsessed with any signs of weak data from the US, we could see a further selloff for the US dollar and yields should job openings or goods orders deliver soft numbers.
- 11:30 – Australian Q1 company profits, quarterly retail sales, net exports contribution, business inventories (ABS)
- 00:00 – US JOLTS job openings, durable goods orders
ASX 200 at a glance:
- The ASX 200 cash index closed higher for a second day on Monday with 9 of its 11 sectors rising
- Financials and utilities led, information technology and telecoms declined
- However, volatility on Wall Street and SPI 200 futures overnight should see the ASX cash market open slightly lower today
- 7800 resistance proved a tough nut to crack for ASX futures (lower chart) which also met resistance around a high-volume node
- The 1-hour chart shows a bullish trend is developing, alongside a potential bull flag
- However, with resistance overhead I am equally on guard for momentum to peter out and prices turn lower, than I am to seeing them break higher
- Therefore, my bias today is neutral until the market tips its hand
View the full economic calendar
-- Written by Matt Simpson
Follow Matt on Twitter @cLeverEdge
|
https://www.forex.com/ie/news-and-analysis/aud-usd-rises-despite-risk-off-tone-usd-yields-slammed-post-ism-2024-06-04/
| 2024-12-16T07:12:22Z
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Mason Rudolph News: Replaces Levis in Week 15 loss
Rudolph completed 21 of 26 passes for 209 yards with two touchdowns and an interception in Sunday's 37-27 loss to the Bengals. He added two rushes for 14 yards.
Rudolph took over under center after Will Levis was benched early in the third quarter. He was more effective than Levis, though his two touchdown passes came in garbage with the latter coming on the final play of the game. Levis has been the starter for Tennessee when healthy, though Rudolph may get his chance to lead the team to close out the campaign.
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https://www.rotowire.com/football/headlines/mason-rudolph-news-replaces-levis-in-week-15-loss-590988
| 2024-12-16T07:12:24Z
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Union Finance Minister Nirmala Sitharaman on Monday opened the debate in the Rajya Sabha on 75 years of the Constitution, asserting that it has stood the test of time.
She also attacked the Congress party and former Prime Minister Indira Gandhi, accusing them of making constitutional amendments not to strengthen democracy, but to protect those in power.
Initiating the discussion, Sitharaman paid homage to the 389 members of the Constituent Assembly, including 15 women, who took up the arduous challenge and prepared the Constitution for India in a very challenging environment.
"As the country marks the 75th year of its Constitution, "it is time to reaffirm our commitment to build India, that is Bharat, that shall uphold the spirit enshrined in this sacred document," she said.
Stating that India and its Constitution stands out in a separate league of its own, Sitharaman said post second World War, over 50 countries had become independent and they had their constitution written.
"Post Second World War, over 50 countries had become independent and had their Constitution written. But many have changed their Constitutions, not just amended them but literally changed the entire feature of their Constitution. But our Constitution has stood the test of time, of course, yielded itself to very many amendments," the finance minister said.
Sitharaman went on to criticise the Congress, alleging that the party had "brazenly kept amending" the Constitution to "help the dynasty."
She also launched a scathing attack on former PM Jawaharlal Nehru, claiming without evidence that he had deplored press scrutiny of his government. "The first prime minister of this country deplored press scrutiny of his government even as he publicly praised freedom of press. There was no doubt about it," she said.
The union minister also accused the Nehru-led interim government in 1950 of introducing a constitutional amendment to curb freedom of speech.
"The Supreme Court in 1950 had ruled in favour of the Communist magazine "Cross Roads" and the RSS organisational magazine "Organizer". But in response, the (then) interim government thought that there was a need for a first Constitutional amendment and that was brought in by the INC and it was essentially to curb the freedom. So India, a democratic country which prides itself even today about freedom of expression saw the first interim government coming up with a Constitutional amendment which was to curb the freedom of speech of Indians and that within one year of adoption of the Constitution," she added.
Rajya Sabha will debate on the issue on Monday and Tuesday.
Chairman Jagdeep Dhankhar said time would not be a constraint and as many speakers willing to speak would be accommodated by extending the duration of the discussion.
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https://www.newindianexpress.com/nation/2024/Dec/16/constitution-has-stood-test-of-time-nirmala-sitharaman-in-rs-debate-attacks-ex-pms-indira-nehru
| 2024-12-16T07:12:27Z
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At least 11 dead from cyclone in French territory of Mayotte
Search and rescue operations are underway after a devastating cyclone hit the island of Mayotte, a French territory located in the Indian Ocean.
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https://www.cbsnews.com/chicago/video/at-least-11-dead-from-cyclone-in-french-territory-of-mayotte/
| 2024-12-16T07:12:27Z
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Stellantis swiftly reshapes strategy under Elkann after Tavares exit
MILAN/DETROIT : Steered by Chairman John Elkann, Stellantis, owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners, governments and workers.
Carlos Tavares abruptly resigned on Dec. 1, almost 18 months before the expiry of his contract, as a rift widened between the board and main shareholders of the world's fourth-largest carmaker.
While it seeks a new CEO, Stellantis is being run by an interim executive committee, chaired by Elkann.
Having warned on profits at the end of September and facing a bloated inventory, Stellantis cannot afford to drift under its temporary leadership.
Elkann, 48, is the scion of the Agnelli family that founded Italian carmaker Fiat more than a century ago. He also chairs Ferrari and runs the Exor Agnelli family holding.
The new approach will be tested on Tuesday, when the automaker's representatives meet Italian Industry Minister Adolfo Urso and local unions to try to agree a long-term plan for production in Italy.
The company - the country's sole major automaker - may pledge to expand output and protect jobs in return for improved manufacturing conditions and government support for the industry's electric transition, easing tensions with Rome.
A Stellantis source, speaking on condition of anonymity, said it was the right time to sign a deal.
REJOINING LOBBY GROUP
Less than a week after the CEO quit, Stellantis said it would rejoin European auto lobby group ACEA. It left at the beginning of 2023 based on a decision by Tavares, who opted for an independent lobbying strategy without consulting the board, according to a second source.
The carmaker plans to align itself with the group's proposals, Stellantis' Europe Chief Jean-Philippe Imparato said last week.
Tavares had opposed a call by ACEA for relief on intermediate targets on the European Union's carbon reduction targets under which carmakers risk multi-billion euro fines.
His position was not backed by associations of Stellantis European dealers, who supported the ACEA proposal.
But in a meeting of Stellantis European retailers, held in Amsterdam days after Tavares' resignation, Imparato was the main guest and the mood was relaxed.
"The cooperation with Stellantis ... is strong, and we are confident that we can face future challenges with our partner," the dealers said in a statement.
Alberto Di Tanno, the chairman of Italian dealership group Intergea said it was too soon to see concrete changes but that he was confident.
"It looks like the company wants to present itself as less centralised, and give more autonomy to its country structures, including in relations with the dealers," he said.
REPAIRING RELATIONS
Tavares, an industry veteran who had led Stellantis since its creation in 2021 through the merger of PSA and Fiat-Chrysler, had been feted for increasing operating margins.
However, dealers on both sides of the Atlantic complained that rising prices for its mass-market marques ultimately lost it the support of inflation-hit customers.
Stellantis this month swiftly re-hired retired executive Timothy Kuniskis to lead Ram, one of its most important brands.
Industry analysts have interpreted the decision as a step to improve relations with dealers in the U.S., the group's profit powerhouse, and reverse Ram's U.S. sales, which were down 24 per cent this year as of the end of the third quarter.
Kevin Farrish, leader of Stellantis' dealer council, said Elkann met with their executive board in the U.S. in early December to discuss how the automaker could repair its relationship with the dealers.
Elkann said Antonio Filosa, appointed chief of North American operations in October, would have the authority to respond to market conditions, Farrish said.
"It meant a great deal to us," he said in a message. "We have a ton of opportunities to fix what Mr. Tavares harmed."
Santosh Viswanathan, who owns a Stellantis dealership in Delaware, said Elkann's early actions were promising, though there was a lot of work to do.
"The dealer body, which is your distribution channel, has been left in tatters," Viswanathan said.
"Right now, drastic times require drastic measures."
ELKANN'S STEADYING INFLUENCE
After sinking to their lowest since July 2022 on Dec. 2, following news of Tavares resignation, Stellantis shares have rebounded by over 18 per cent, after having fallen more than 40 per cent since the beginning of the year.
Andrea Scauri, a Swiss-based fund manager at Lemanik, who rebuilt a small Stellantis stake last week, said the whole automotive industry will benefit from a softer EU approach on carbon emission rules, including on potential fines on 2025 intermediate targets.
"Tavares denied this was a problem," Scauri said.
"Acknowledging there can be risks and having more constructive relations with politics, at a national and EU level, should help Stellantis."
A third source, who like the others spoke on condition of anonymity because they were not authorised to speak publicly on the issues, said Elkann was devoting most of his time to Stellantis.
The source also said Elkann had opted for an interim executive team, rather than taking the interim-CEO position as he had done when Ferrari was left without a CEO in late 2020.
"His idea was to have a more collegial management during this phase, with increased focus on top executives, their role and their skills, compared to the previous one-man-only style under Tavares," the source said.
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https://www.channelnewsasia.com/business/stellantis-swiftly-reshapes-strategy-under-elkann-after-tavares-exit-4808891
| 2024-12-16T07:12:29Z
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Noah Fant News: Minimal output on seven targets
Fant had three receptions on seven targets for 15 yards in Sunday's 30-13 loss to Green Bay.
Fant struggled mightily despite seeing a season-best seven targets in Sunday's lopsided loss. Much of the blame can be placed on backup quarterback Sam Howell's poor play (5-14, 24 yards, INT), who was forced into action early in the second half after Geno Smith (knee) was injured. If the former is asked to start in Week 16, Fant's marginal fantasy value may evaporate completely against the Vikings next Sunday.
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https://www.rotowire.com/football/headlines/noah-fant-news-minimal-output-on-seven-targets-590990
| 2024-12-16T07:12:31Z
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New Delhi, Dec 15 (PTI) Amitabh Bachchan paid tributes to Raj Kapoor on the occasion of the legendary actor-filmmaker’s 100th birth anniversary, describing the 1951 classic “Awara” as a shining example of his “incredible showmanship” that left a lasting impression on the megastar.
Bachchan, 82, said the “powerful and mystical symbolism” in the famous dream sequence of the black-and-white movie, also starring Nargis, is his favourite part about “Awara”.
The film revolves around the intertwining lives of a poor thief Raj (played by Raj Kapoor), the privileged Rita (Nargis), and Judge Raghunath (Prithviraj Kapoor) who is unaware that Raj is his son.
Raj Kapoor also directed and produced “Awara”, which was penned by his frequent collaborator Khwaja Ahmad Abbas.
“Even today ‘Awara’ is a film that is etched in my mind. Talking about Rajji’s incredible showmanship, the way he envisioned the dream sequence in the film had never been seen before.
“You are amazed by his fantastical imagination that visualised the surreal setting, the ethereal Nargisji emerging through thick clouds of smoke, Rajji surrounded by demonic figures and burning fires – there is a powerful, mystical symbolism in the dream sequence, and that is my favourite,” Bachchan wrote in an X post.
Raj Kapoor would have turned 100 on December 14.
To mark his birth anniversary, the Film Heritage Foundation (FHF) and RK Films organised ‘Raj Kapoor 100 – Celebrating the Centenary of the Greatest Showman’, a three-day grand festival of 10 milestone Raj Kapoor films screening in 40 cities and 135 cinemas across the country. It will conclude on Sunday.
“Continuing our commitment to bringing classic cinema back to the big screen, I am so happy that Film Heritage Foundation has joined hands with RK Films to keep the legacy of Raj Kapoor alive and give audiences all over India an opportunity to revisit the films of an artist who lived for cinema and whose films gave voice to the common man,” FHF ambassador Bachchan added in his post.
Bachchan’s daughter Shweta is married to Raj Kapoor’s daughter Ritu Nanda’s son Nikhil.
Raj Kapoor also directed films such as “Barsaat”, “Shree 420”, “Sangam”, “Mera Naam Joker”, “Bobby” and “Ram Teri Ganga Maili” during his illustrious 40-year career. He died in 1988.
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https://thehillstimes.in/entertainment/awara-a-film-that-is-etched-in-my-mind-amitabh-bachchan-on-raj-kapoors-birth-centenary
| 2024-12-16T07:12:30Z
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