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PHOENIX (AP) — Joe Arpaio, the 90-year-old former Arizona sheriff who was a once powerful figure in Republican politics but was ousted nearly six years ago amid frustration over his headline-grabbing tactics and legal troubles, was defeated Wednesday in a race for mayor of the affluent suburb where he has lived for more than two decades.
His defeat in the mayor’s race in Fountain Hills against two-term incumbent Ginny Dickey marks Arpaio’s third failed comeback bid since his 2016 loss after serving 24 years as the sheriff of Maricopa County.
Even though election officials say all votes in Maricopa County have been counted, Arpaio said Wednesday evening that he wasn’t conceding the race and instead was going to consult with an attorney to explore whether to challenge the results.
“I am not saying I am going to do it,” Arpaio said of a legal challenge. “I’m not a lawyer. I just want a little information. In today’s environment, a large percentage of the people are not happy with the way the (election) system was working.”
Dickey didn’t immediately respond to a request for comment.
The political stakes of running in Fountain Hills, a Republican-heavy town of 24,000, were much lower for Arpaio than when he served as the top law enforcer of a county of over 4 million people.
Arpaio was crushed by a Democratic challenger in 2016 and was convicted the next year of criminal contempt of court for disobeying a judge’s order to stop traffic patrols that targeted immigrants, though he was later pardoned by then-President Donald Trump.
Arpaio then finished third in a Republican primary for a U.S. Senate seat in 2018 and second in the GOP primary in a 2020 bid to win back the sheriff’s post.
In his first two comeback attempts, Arpaio lost the vote in Fountain Hills.
Arpaio, a skilled political fundraiser who spent more than $12 million in his 2016 sheriff’s campaign, has shelled out $161,000 in the mayor’s race — six times the amount spent by Dickey.
Before the federal government and the courts stripped away his immigration powers, Arpaio led 20 large-scale traffic patrols that targeted immigrants and more than 80 business raids to bust people working in the United States without permission.
While his defiant streak played well with voters for many years, Arpaio faced heavy criticism for taking on policies that he knew were controversial and racking up $147 million in taxpayer-funded legal bills.
Though he billed himself as the toughest sheriff in America, his agency botched the investigations of more than 400 sex-crimes complaints made to his office.
Credit: Ross D. Franklin
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Costa Rica seeks entry to trans-Pacific trade bloc
The CPTPP went into effect in 2018 as an offshoot of the Trans-Pacific Partnership, following the United States' departure from that proposed trade bloc.
- Country:
- Philippines
Costa Rica formalized its request to join a trade partnership of 11 countries across Asia, Australia and the Americas, President Rodrigo Chaves announced on Wednesday, in a step toward strengthening trade ties with Asian economies. The Central American country's government finalized its petition to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) a month after announcing it would negotiate entry into the Pacific Alliance bloc of Latin American countries.
"It allows us to share commercial strategies, attract investment and create linkages for small and medium-sized companies," said Chaves, who said the CPTPP accounts for 17% of global trade. The CPTPP went into effect in 2018 as an offshoot of the Trans-Pacific Partnership, following the United States' departure from that proposed trade bloc. Current members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Costa Rica, with 5.2 million inhabitants, has free trade agreements with nine countries and is negotiating one more with Ecuador, in addition to regional trade agreements with the European Union, Caribbean states (Caricom) and Central American countries (CAFTA).
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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LATAM POLITICS TODAY-Costa Rica to regularize status of 200,000 migrants
The latest in Latin American politics today:
Costa Rica to make status of 200,000 mostly Nicaraguan migrants official Costa Rica, a country of 5.2 million people, is preparing to make official the status of some 200,000 migrants, largely from its northern Central American neighbor Nicaragua, authorities said.
The plan, which will require approval from President Rodrigo Chaves, aims to formally include the migrants in the jobs market and healthcare system, Costa Rica's migration chief said. An influx of people fleeing Nicaragua saw asylum requests in Costa Rica reach a record 60,000 last year, but migration officials believe this could climb to 80,000 in 2022.
Colombian lawmakers send anti-fracking bill to congress BOGOTA - Colombian lawmakers, the environment minister and environmental campaigners have presented a bill to ban fracking and the development of unconventional sources of hydrocarbons to the Andean country's Congress.
Though this is the fourth occasion that such a proposal has been sent to lawmakers to debate, anti-fracking activists are optimistic that this time the bill will be successful, touting support from more than 100 members of Congress and the new, leftist government led by President Gustavo Petro. Costa Rica seeks entry to trans-Pacific bloc
Costa Rica formalized its request to join a trade partnership of 11 countries across Asia and the Americas, President Rodrigo Chaves announced, in a step toward strengthening trade ties with Asian economies. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) formed in 2018 as an offshoot of the proposed Trans-Pacific Partnership, and includes Chile, Mexico, and Peru, as well as Australia, Brunei, Canada, Japan, Malaysia, New Zealand, Singapore and Vietnam.
Ex-Paraguayan President Fernando Lugo hospitalized after suffering a stroke ASUNCION - Former Paraguayan President Fernando Lugo is in a medically induced coma after suffering a stroke and is in stable condition, party officials said.
Doctor and legislator Jorge Querey said that Lugo, who is also currently a senator, was hospitalized after an ischemic stroke and that initial studies indicated Lugo suffered a "relatively small" injury. New Colombian government must exercise caution on reforms, says business leader
President Petro's proposed tax reform bill, which his government said would raise some 25 trillion pesos ($5.8 billion) in 2023, is "is causing great concern," the head of Colombia's leading business association said. "We are doing a lot of analysis where we are seeing that businesses are going to have a very heavy tax burden," said the president of the Colombian Business Association(ANDI) Bruce Mac Master.
New tax legislation "has to be careful" not to alienate investment in the country, where 50% of the labor market is in the informal sector, Mac Master said, who also warned against plans by the new labor minister to back a bill to change some contractual stipulations and modify working hours. Brazil farm sector leader says no room for Lula return to presidency
SAO PAULO - The head of Brazil's powerful farm lobby, the National Confederation of Agriculture (CNA), Joao Martins, says the country has no room for the return of a president who had been jailed for corruption. Though he did not mention former president Luiz Inacio Lula da Silva by name, Martins was clearly referring to the leftist leader who is the front-runner ahead of the October elections.
Martins spoke at a CNA conference attended by far-right incumbent President Jair Bolsonaro, who is seeking re-election with strong support from the farm sector. (Compiled by Steven Grattan and Brendan O'Boyle; Editing by Kirsten Donovan and Grant McCool)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Congress president Sonia Gandhi appears before ED for third time for questioning in National Herald money laundering case. | https://www.devdiscourse.com/article/headlines/2140414-latam-politics-today-costa-rica-to-regularize-status-of-200000-migrants | 2022-08-11T01:56:42 | en | 0.954664 |
Argentine 2022/23 corn harvest seen at 55 mln tonnes -Rosario Grains Exchange
Meanwhile, the exchange expects producers to increase the country's soybean planting area by 700,000 hectares to 16.8 million hectares, a 4.3% increase in comparison to 2021. The exchanged cited producers' preference for soybean production given the "not very encouraging weather forecasts and high possibilities" of the la niña phenomenon in a year of "high uncertainty." The Rosario exchange maintained its forecast for the 2022/23 wheat harvest, whose planting is about to end, at 17.7 million tonnes.
Argentina's corn harvest for the 2022/23 season is expected to be around 55 million tonnes, the Rosario Grains Exchange said on Wednesday.
Additionally, the exchange forecast soy production of 47 million tonnes for the 2022/23 season. Argentina is a major world supplier of wheat and the second largest exporter of corn.
The exchange said it expects the country's corn planting area to fall by 4.7% to 8 million hectares. Meanwhile, the exchange expects producers to increase the country's soybean planting area by 700,000 hectares to 16.8 million hectares, a 4.3% increase in comparison to 2021.
The exchanged cited producers' preference for soybean production given the "not very encouraging weather forecasts and high possibilities" of the la niña phenomenon in a year of "high uncertainty." The Rosario exchange maintained its forecast for the 2022/23 wheat harvest, whose planting is about to end, at 17.7 million tonnes.
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N Korea claims victory over virus, blames Seoul for outbreak
- Country:
- South Korea
North Korean leader Kim Jong Un has declared victory over COVID-19 and ordered an easing of preventive measures, calling his country's officially reported death toll of just 74 people an unprecedented miracle in the history of world health, state media said Thursday.
Kim's powerful sister also spoke during the virus meeting in capital, Pyongyang, on Wednesday and blamed the country's infections on anti-Pyongyang leaflets flown in by rival South Korea and warned of counteraction that would be a “deadly retaliatory one.” After maintaining a widely disputed claim to be coronavirus-free for more than two years, North Korea on May 12 admitted to a COVID-19 outbreak, saying an unspecified number of people in Pyongyang were diagnosed with the omicron variant.
North Korea has since reported about 4.8 million “fever cases” out of its population of 26 million but only identified a fraction of them as COVID-19. It says 74 people have died, an extremely low fatality rate that experts have widely questioned in part because almost no one in North Korea is vaccinated against the coronavirus.
North Korean health officials have been claiming a slowing outbreak for weeks, reporting no suspected cases since late July, a rapid decline experts have also questioned.
Some experts say North Korea has likely manipulated the scale of illness and deaths to help Kim maintain his absolute leadership amid mounting economic difficulties in the isolated nation.
The North's official Korean Central News Agency said Thursday that Kim “solemnly declared the victory in the maximum emergency anti-epidemic campaign” and instructed a return to normal level preventive measures.
He called for the nation to maintain vigilance and effective controls in border areas, citing the global spread of new COVID-19 variants and monkeypox.
Following the country's first admission of the outbreak in May, Kim placed strict prohibitions on travel between cities and counties to slow the spread of the virus. But he also stressed that his economic goals should be met, which meant huge groups continued to gather at agricultural, industrial and construction sites.
North Korea first suggested in July that its COVID-19 outbreak began in people who had contact with balloons flown from South Korea — a questionable claim that appeared to be an attempt to hold its rival responsible amid increasing tensions over the North's nuclear program.
Activists for years have flown balloons across the border to distribute hundreds of thousands of propaganda leaflets critical of Kim, and North Korea has often expressed fury at the activists and at South Korea's leadership for not stopping them.
During Wednesday's meeting, Kim's sister, Kim Yo Jong reiterated those claims, calling the country's virus crisis a “hysteric farce” kicked off by South Korea to escalate confrontation.
“(South Korean) puppets are still thrusting leaflets and dirty objects into our territory. We must counter it toughly,” she said. “We have already considered various counteraction plans, but our countermeasure must be a deadly retaliatory one.” Such claims contradict outside views that the coronavirus spread after North Korea briefly reopened its northern border with China to freight traffic in January and surged further following a military parade and other large-scale events in Pyongyang in April.
Ties between the Koreas remain strained amid a long-running stalemate in U.S.-led diplomacy on persuading North Korea to abandon its nuclear ambitions in return for economic and political benefits.
South Korean and U.S. officials have said North Korea could be gearing up for its first nuclear test in five years amid its torrid run of weapons tests this year that included its first demonstrations of intercontinental ballistic missiles since 2017.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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China reports 2,166 new COVID cases for Aug 10 vs 1,094 day earlier
Mainland China reported 2,166 new coronavirus cases for Aug. 10, of which 700 were symptomatic and 1,466 were asymptomatic, the National Health Commission said on Thursday. The southern technology hub of Shenzhen also recorded no new infections. The holiday city Sanya on the southern end of Hainan island, which is battling an outbreak, reported 1,690 symptomatic and 1,504 asymptomatic cases from Aug. 1 through Aug. 10.
- Country:
- China
Mainland China reported 2,166 new coronavirus cases for Aug. 10, of which 700 were symptomatic and 1,466 were asymptomatic, the National Health Commission said on Thursday. That compared with 1,094 new cases a day earlier - 444 symptomatic and 650 asymptomatic infections, which China counts separately.
There were no new deaths, keeping the nation's fatalities at 5,226. As of Aug. 10, mainland China had confirmed 232,809 cases with symptoms.
China's capital Beijing reported two confirmed cases while the financial hub Shanghai reported zero new cases, the local government data showed. The southern technology hub of Shenzhen also recorded no new infections.
The holiday city Sanya on the southern end of Hainan island, which is battling an outbreak, reported 1,690 symptomatic and 1,504 asymptomatic cases from Aug. 1 through Aug. 10.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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US cannot allow China’s ‘new normal’ over Taiwan, says Pelosi
US House Speaker Nancy Pelosi said that Washington cannot allow Beijing to establish a new normal in Taiwan with its provocative drills and warplane incursions in the Taiwan Straits, in retaliation to her high-profile visit to the self-ruled island last week.What we saw with China is that they were trying to establish sort of a new normal.
- Country:
- United States
US House Speaker Nancy Pelosi said that Washington cannot allow Beijing to establish a “new normal” in Taiwan with its provocative drills and warplane incursions in the Taiwan Straits, in retaliation to her high-profile visit to the self-ruled island last week.
''What we saw with China is that they were trying to establish sort of a new normal. And we just can't let that happen,'' Pelosi told a news conference on Wednesday after her trip to Asia.
China on Wednesday announced that it has ''successfully completed'' its week-long and unprecedented military drills that have essentially encircled Taiwan, warning that Beijing will organise regular combat patrols as a new normal to enforce its one-China policy.
Initially, the People's Liberation Army announced the war games in the busy Taiwan Strait from August 4 to 7, the day after Pelosi who is the highest-ranking US leader to have visited Taiwan in 25 years, left Taipei after high-level meetings.
It later kept extending them, keeping the breakaway island on tenterhooks.
The Chinese military exercises involved hundreds of warplanes, dozens of naval ships, including an aircraft carrier group with nuclear submarine in tow, amid assertions by the official media here that such war games in the busy Taiwan Strait will be a new normal.
“We didn't go there to talk about China. We went there to praise Taiwan. And we went there to show our friendship to say, ‘China cannot isolate Taiwan,’” Pelosi asserted.
The visit delivered a clear statement that America’s commitment to a free and open Indo-Pacific is unshakeable, Pelosi noted.
She said bilateral discussions centred around seizing opportunities and addressing shared challenges, including upholding the democracy in the face of autocracy, fostering robust economic growth, including through the Indo-Pacific Economic Framework and in governance, responding to COVID-19 and climate crisis.
House Foreign Affairs Committee chairman Gregory Meeks told reporters that Pelosi’s visit to Taiwan illustrated that no matter what Chinese President Xi Jinping said, the US was going to stand by its friends and allies.
Indian American Congressman Raja Krishnamoorthi, who was part of the Congressional delegation to Taiwan, was also present at the news conference.
He said the delegation discussed the backlog of the pending arms sales to Taiwan.
The delegation also visited Singapore, Malaysia, Taiwan, South Korea and Japan.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Japan industry minister adds role as 'Green Transformation' minister - spokesperson | https://www.devdiscourse.com/article/law-order/2140410-us-cannot-allow-chinas-new-normal-over-taiwan-says-pelosi | 2022-08-11T01:57:13 | en | 0.959135 |
Ukraine says 9 Russian warplanes destroyed in Crimea blasts
Ukraine said Wednesday that nine Russian warplanes were destroyed in a deadly string of explosions at an air base in Crimea that appeared to be the result of a Ukrainian attack, which would represent a significant escalation in the war.Russia denied any aircraft were damaged in Tuesdays blasts or that any attack took place.
Ukraine said Wednesday that nine Russian warplanes were destroyed in a deadly string of explosions at an air base in Crimea that appeared to be the result of a Ukrainian attack, which would represent a significant escalation in the war.
Russia denied any aircraft were damaged in Tuesday's blasts — or that any attack took place. But satellite photos clearly showed at least seven fighter planes at the base had been blown up and others probably damaged.
Ukrainian officials stopped short of publicly claiming responsibility for the explosions, while mocking Russia's explanation that a careless smoker might have caused ammunition at the Saki air base to catch fire and blow up. Analysts also said that explanation doesn't make sense and that the Ukrainians could have used anti-ship missiles to strike the base.
If Ukrainian forces were, in fact, responsible for the blasts, it would be the first known major attack on a Russian military site on the Crimean Peninsula, which was seized from Ukraine by the Kremlin in 2014. Russian warplanes have used Saki to strike areas in Ukraine's south.
Crimea holds huge strategic and symbolic significance for both sides. The Kremlin's demand that Ukraine recognise Crimea as part of Russia has been one of its key conditions for ending the fighting, while Ukraine has vowed to drive the Russians from the peninsula and all other occupied territories.
The explosions, which killed one person and wounded 14, sent tourists fleeing in panic as plumes of smoke rose over the coastline nearby. Video showed shattered windows and holes in the brickwork of some buildings.
One tourist, Natalia Lipovaya, said that “the earth was gone from under my feet” after the powerful blasts. ''I was so scared,” she said.
Sergey Milochinsky, a local resident, recalled hearing a roar and seeing a mushroom cloud from his window. ''Everything began to fall around, collapse,” he said.
Crimea's regional leader, Sergei Aksyonov, said some 250 residents were moved to temporary housing after dozens of apartment buildings were damaged.
Russian authorities sought to downplay the explosions, saying Wednesday that all hotels and beaches were unaffected on the peninsula, which is a popular tourist destination for many Russians. But video posted on social media showed long lines of slowly moving cars on the road to Russia as tourists headed for home.
A Ukrainian presidential adviser, Oleksiy Arestovych, cryptically said that the blasts were either caused by Ukrainian-made long-range weapons or the work of Ukrainian guerrillas operating in Crimea.
A Ukrainian parliament member, Oleksandr Zavitnevich, said the airfield was rendered unusable. He reported on Facebook that it housed fighter jets, tactical reconnaissance aircraft and military transport planes.
Satellite photos dated Wednesday issued by Planet Labs PBC showed wreckage in spots on the airfield where the company's photos a day earlier showed numerous warplanes.
“Official Kyiv has kept mum about it, but unofficially the military acknowledges that it was a Ukrainian strike,” Ukrainian military analyst Oleh Zhdanov said.
The base is at least 200 kilometers from the closest Ukrainian position. Zhdanov suggested that Ukrainian forces could have struck it with Ukrainian or Western-supplied anti-ship missiles that have the necessary range.
The Washington-based Institute for the Study of War said it couldn't independently determine what caused the explosions but noted that simultaneous blasts in two places at the base probably rule out an accidental fire but not sabotage or a missile attack.
But it added: “The Kremlin has little incentive to accuse Ukraine of conducting strikes that caused the damage since such strikes would demonstrate the ineffectiveness of Russian air defense systems.” During the war, the Kremlin has reported numerous fires and explosions on Russian territory near the Ukrainian border, blaming some of them on Ukrainian strikes. Ukrainian authorities have mostly kept silent about the incidents, preferring to keep the world guessing.
Neither side has released much information about their own casualties. In his nightly video address Wednesday, Ukrainian President Volodymyr Zelenskyy claimed nearly 43,000 Russian soldiers had been killed.
Colin Kahl, U.S. undersecretary of defense for policy, estimated Monday that Russian forces have sustained up to 80,000 deaths and injuries in the fighting. He did not break down the figure with an estimate of forces killed or provide a Ukrainian casualty count.
In other developments, Russian forces shelled areas across Ukraine on Tuesday night into Wednesday, including the central region of Dnipropetrovsk, where 13 people were killed, according to the region's governor, Valentyn Reznichenko.
Reznichenko said the Russians fired at the city of Marganets and a nearby village. Dozens of residential buildings, two schools and several administrative buildings were damaged.
“It was a terrible night,” Reznichenko said. “It's very hard to take bodies from under debris. We are facing a cruel enemy who engages in daily terror against our cities and villages.” In Ukraine's east, where fighting has raged for eight years, a Russian attack on the centre of the city of Bakhmut in the Donetsk region killed seven, wounded six and damaged stores, homes and apartment buildings, setting off fires, Ukraine's prosecutor general said on Telegram. Bakhmut is a key target for Russian forces as they advance on regional hubs.
In the city of Donetsk, which has been under the control of Russia-backed separatists since 2014, Ukrainian shelling hit a brewery, killing one person and wounding two, the separatists' emergency service said. It said the shelling late Wednesday caused a leak of toxic ammonia and warned people to stay inside and breathe through cotton gauze.
Two residents of the village of Staryi Saltiv in the Kharkiv region in the northeast were killed Wednesday in Russian shelling, police reported.
In the country's southeast, Moscow's forces continued shelling the city of Nikopol across the Dnieper River from the Russian-occupied Zaporizhzhia power station, the biggest nuclear plant in Europe. Ukraine and Russia have accused each other of shelling it, stoking international fears of a catastrophe.
On Wednesday, foreign ministers of the Group of Seven industrialized democracies demanded that Russia immediately hand back full control of the plant to Ukraine. They said they are “profoundly concerned” about the risk of a nuclear accident with far-reaching consequences.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/law-order/2140413-ukraine-says-9-russian-warplanes-destroyed-in-crimea-blasts | 2022-08-11T01:57:20 | en | 0.971772 |
BRIEF-Monkeypox Vaccine Maker Bavarian Nordic Voices Concerns On U.S. Dose-Splitting Plan - WAPO
Aug 10 (Reuters) -
* MONKEYPOX VACCINE MAKER BAVARIAN NORDIC VOICES CONCERNS ON U.S. DOSE-SPLITTING PLAN - WAPO
* BAVARIAN NORDIC HAD CONCERNS ABOUT THE SAFETY OF THE NEW METHOD FOR INJECTING MONKEYPOX VACCINE THAT U.S. HEALTH OFFICIALS HAD ADOPTED - WAPO Source text: [https://wapo.st/3QDtbqv] Further company coverage:
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China lifts yuan midpoint to one-month high to reflect dollar weakness
- Country:
- China
China lifted yuan midpoint to a near one-month high against the dollar on Thursday to reflect broad greenback weakness in global markets following slower-than-expected U.S. inflation readings. The People's Bank of China set the midpoint rate at 6.7324 per dollar prior to market open, 288 pips or 0.43% firmer than the previous fix 6.7612, the strongest since July 14.
The dollar fell broadly following a cooler-than-expected U.S. inflation report for July that raised expectations of a less aggressive interest rate hike cycle than previously anticipated from the Federal Reserve.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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New Mexico's Muslim community reels from arrest in killings
- Country:
- United States
A fear of attacks that had rippled through Muslim communities nationwide after the fatal shootings of four Muslim men in Albuquerque gave way to shock and sadness when it turned out the suspect in the killings is one of their own.
Muhammad Syed, 51, was arrested late Monday after a traffic stop more than 160 kilometres from his Albuquerque home. The Afghan immigrant denied any connection to the crimes that shook the city and its small Muslim community.
In court documents, in fact, he told police that he was so unnerved by the slayings that he was driving to Houston to find a new home for his family, which includes six children.
But investigators said they have ample evidence to prove his guilt, though they have yet to uncover the motive for the ambush-style killings, the first of which was in November and then three between July 26 and last Friday.
According to the criminal complaint, police determined that bullet casings found in Syed's vehicle matched the calibre of the weapons believed to have been used in two of the killings and that casings found at the crime scenes were linked to guns found at Syed's home and in his vehicle.
Of the more than 200 tips police received, it was one from the Muslim community that led them to the Syed family, authorities said, noting that Syed knew the victims and “an interpersonal conflict may have led to the shootings.” The news of Syed's arrest stunned Muslims in Albuquerque.
“I wanted a little closure for the community, as we saw it going out of hand and people were really panicking. But, I'll be honest with you, I was shocked,” said Samia Assed, a community organiser and member of the Islamic Center of New Mexico. She said she did not want “these heinous crimes to be in any way, in any capacity used to divide a community.” Salim Ansari, president of the Afghan Society of New Mexico, said he felt relief at the news that an arrest had been made. But he was especially taken back because he knew Syed through social gatherings and was dumbfounded to learn the accusations against him and that court documents showed three domestic violence cases against the man.
“We never knew,'' he said.
Ansari said he first met Syed and the family when he was invited into their home in 2020 to tell them about the local Afghan community and the group that he heads. The couple ended up joining the society as members. As recently as last month, Syed and his family brought food and joined a potluck gathering, Ansari said.
“I don't know what happened,” he said.
On Wednesday, Syed made his first court appearance during a virtual arraignment. He was shackled and in a jumpsuit that said “HIGH RISK” on the back. His case was transferred to state District Court, where a judge will consider a motion by prosecutors to keep him detained without bond pending trial.
“He is a very dangerous person, and the only way to protect the community is to hold the defendant in custody,” prosecutors said in court documents.
Syed, through an interpreter, asked for permission to speak, but his attorney asked that the court not take any statements from him. He was not asked to enter a plea.
Syed has lived in the United States for about five years. When interviewed by detectives, Syed said he had been with the special forces in Afghanistan and fought against the Taliban, according to a criminal complaint filed late Tuesday.
Police said they were about to search Syed's Albuquerque home on Monday when they saw him drive away in a Volkswagen Jetta that investigators believe was used in at least one of the slayings.
In the complaint, authorities said a 9mm handgun was seized from his vehicle, and they found an AK-47-style rifle and a pistol of the same caliber at the family home while serving a search warrant. Syed bought the rifle and his son Shaheen Syed purchased the pistol at a local gun shop.
On Wednesday, Shaheen Syed was charged by federal prosecutors with providing a false Florida address when he bought two rifles last year. He has denied any role in the killings and has not been charged in connection with them. He and another brother were interviewed by police on Monday.
The first of the four people fatally shot was Mohammad Ahmadi, 62, an immigrant from from Afghanistan. Naeem Hussain, a 25-year-old man from Pakistan, was killed last Friday. His death came just days after those of Muhammad Afzaal Hussain, 27, and Aftab Hussein, 41, who were also from Pakistan and members of the same mosque.
Ehsan Chahalmi, the brother-in-law of Naeem Hussain, said he was “a generous, kind, giving, forgiving and loving soul that has been taken away from us forever.” Investigators consider Syed to be the primary suspect in the deaths of Naeem Hussain and Ahmadi but have not yet filed charges in those cases. Albuquerque police said Wednesday that as long as the suspect is detained, homicide detectives will not rush the case.
Police say they are looking at a number of possible motives. When asked at a news conference Tuesday if Muhammad Syed, a Sunni Muslim, was angry that his daughter married a Shiite Muslim, Deputy Police Cmdr. Kyle Hartsock did not respond directly. He said “motives are still being explored fully to understand what they are.” CNN interviewed Syed's daughter shortly before the announcement of his arrest. She said her husband was friends with two of the men who were killed. She also acknowledged her father initially was upset about her 2018 marriage but recently had been more accepting.
“My father is not a person who can kill somebody,” the woman told CNN, which did not disclose her identity to protect her safety. “My father has always talked about peace. That's why we are here in the United States. We came from Afghanistan, from fighting, from shooting.” In 2017, a boyfriend of Syed's daughter reported to police that Syed, his wife and one of their sons had pulled him out of a car, punching and kicking him before driving away, according to court documents. The boyfriend, who was found with a bloody nose, scratches and bruises, told police that he was attacked because they did not want her in a relationship with him.
Syed was arrested in May 2018 after a fight with his wife turned violent, court documents said. Prosecutors said both cases were later dismissed after the victims declined to press charges. Syed also was arrested in 2020 after he was accused of refusing to pull over for police after running a traffic light, but that case was eventually dismissed, court documents said.
Former FBI profiler Mary Ellen O'Toole said the crimes Syed is suspected of carrying out fit the definition of a serial killer even though Albuquerque police have not classified him as such. She said serial killers often have red flags like domestic violence or sexual assaults in their past that precede the killings.
“People don't wake up one morning and just become a serial killer,” she said. “We would go back and we would look at other crimes that were occurring in the area before the serial murders occurred. Because there's periods of time where they have to practice being violent. And that practice can begin at home.” O'Toole said motives for the four killings may have varied from victim to victim. O'Toole said she would want to know what prompted three killings in quick succession eight months after the first.
“This behaviour that we're seeing in this case is cold-blooded, pre-meditated, and it involves hunting behavior – actually hunting human beings – which is probably as cold as it can get,” she said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Hotter summers mean Florida's turtles are mostly born female | https://www.devdiscourse.com/article/law-order/2140420-new-mexicos-muslim-community-reels-from-arrest-in-killings | 2022-08-11T01:57:43 | en | 0.989954 |
'Nuisance of no ball, nonsense of hit wicket on political pitch' sends party out of people's ground: Naqvi
- Country:
- India
In a swipe at opposition parties using cricket analogy, senior BJP leader Mukhtar Abbas Naqvi on Thursday said the ''nuisance of no ball'' and ''nonsense of hit wicket'' on a political pitch sends a political party ''out of the people's ground''.
In politics, falsehood can destroy while service, simplicity and sensitivity can deliver, he said addressing a 'karykarta sammelan' on the occasion of filing of nomination by Akash Saxena, the BJP candidate for Rampur Assembly by-election.
''We should remember that respect of people's mandate and resolve for inclusive empowerment is our national duty. Development with dignity of the last person in line should be our utmost priority,'' a statement from his office quoted Naqvi as sating.
Hitting out at opposition parties, Naqvi said, the ''nuisance of no ball and nonsense of hit wicket on a political pitch sends a political party out of the people's ground.'' Good governance is the hallmark of the Modi government at the Centre and the Yogi government in Uttar Pradesh, he claimed.
Naqvi said Prime Minister Narendra Modi and Uttar Pradesh Chief Minister Yogi Adityanath have ''crushed the culture of curfew, corruption and crime''.
The former Union minister said 'Modi-Yogi' have laid a strong foundation of inclusive empowerment by demolishing the barriers of appeasement, dynasty politics, region, religion and caste.
Uttar Pradesh ministers Suresh Khanna, Gulab Devi and Baldev Aulakh, Rampur Lok Sabha MP Ghanshyam Lodhi, among others, were present on the occasion.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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China says Xi was not criticising Trudeau in meeting at G20
China's foreign ministry on Thursday said Chinese President Xi Jinping was not criticising Canadian Prime Minister Justin Trudeau, a day after Xi was seen confronting him at the G20 summit over alleged leaks from a meeting they held.
Chinese foreign ministry spokesperson Mao Ning told a regular media briefing that Beijing supports having frank exchanges as long as they are held on an equal basis, and said China hopes Canada will take action to improve bilateral ties. "The video you mentioned was indeed a short conversation both leaders held during the G20 summit. This is very normal. I don't think it should be interpreted as Chairman Xi criticising or accusing anyone," Mao said.
In video footage published by Canadian broadcasters on Wednesday, a translator for Xi can be heard in the video telling Trudeau that "everything we discussed was leaked to the paper(s), that's not appropriate." Xi himself can be heard saying, in Mandarin, "that is not appropriate, and we didn't do it that way."
Xi then goes on to say "if there is sincerity, we can communicate well with mutual respect, otherwise the outcome will not be easy to tell." Mao did not answer a question from Reuters on why this short exchange on Wednesday was set up and what Xi meant when he said "that is not appropriate, and we didn't do it that way."
Xi's displeasure was possibly due to media reports, citing government sources, that Trudeau brought up "serious concerns" about alleged espionage and Chinese "interference" in Canadian elections when meeting with Xi on Tuesday, Trudeau's first talks with the Chinese leader in more than three years. The talks were kept informal, according to a Canadian government source, explaining why no official readout was published by either side.
"Firstly, I want to stress that China never interferes in the affairs of other countries," Chinese foreign ministry spokeperson Mao said on Thursday. She did not say whether news of Trudeau bringing up alleged Chinese interference on Tuesday was the reason behind the recorded exchange between the two leaders the following day.
The video captured a rare candid moment for Xi, whose image is carefully curated by Chinese state media. Mao also said on Thursday that Xi saying to Trudeau: "otherwise the outcome will not be easy to tell," was not a threat, as both leaders were engaging in a "normal" exchange and merely "expressing their respective positions".
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Canadian
- Xi Jinping
- China
- Mao Ning
- Canada
- Chinese
- Beijing
- Mandarin
- Trudeau
- Justin Trudeau
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Only women to walk with Rahul in Bharat Jodo Yatra on Nov 19 to mark Indira Gandhi birth anniversary
On the occasion of former prime minister Indira Gandhis birth anniversary on November 19, only women will walk with Congress leader Rahul Gandhi during the Bharat Jodo Yatra that day, senior party leader Jairam Ramesh said on Thursday.The Bharat Jodo Yatra, a mass contact initiative of the Congress has been passing through Maharashtra since its arrival in the state on November 7.
- Country:
- India
On the occasion of former prime minister Indira Gandhi's birth anniversary on November 19, only women will walk with Congress leader Rahul Gandhi during the Bharat Jodo Yatra that day, senior party leader Jairam Ramesh said on Thursday.
The Bharat Jodo Yatra, a mass contact initiative of the Congress has been passing through Maharashtra since its arrival in the state on November 7. After Nanded, the foot march has so far covered Hingoli and Washim districts and will cover Akola and Buldhana districts before proceeding to Madhya Pradesh on November 20.
''On November 19, on the occasion of the birth anniversary of former prime minister Indira Gandhi, only women will walk in the yatra along with Rahul Gandhi,'' Ramesh, Congress general secretary in-charge of the party's communication and publicity department, told reporters at Wadegaon in Akola district.
The women workers of the Congress and its affiliated wings will participate in both the sessions (pre-lunch and post-lunch) of the yatra on November 19. The party's women public representatives from Maharashtra and other parts of the country will be a part of the foot march that day, he said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Tribal farmer mauled to death by suspected wild animal in T'gana
- Country:
- India
A tribal farmer was attacked and killed by a wild animal, suspected to be a tiger or a leopard, in a forest area in Kumram Bheem Asifabad district of Telangana, said Forest Department on Thursday.
The incident happened on November 15 when the tribal was working in a cotton field, the department said adding it cannot initially be confirmed whether the 69-year-old man was killed by a leopard or a tiger going by the pug marks.
Samples from the bite marks on the farmer have been sent for a test from which it can be confirmed whether it was a tiger or leopard, a senior forest official told PTI over phone.
The man died of injuries to the head, side and back of the neck. Officials are waiting for scientific data to declare whether it is tiger or leopard or any other wild animal.
“We have placed a camera trap and be able to track the movement of the wild animal that attacked...We've alerted the villagers close to the spot,” the official said.
Because the pug marks are not clear as the place where the farmer died is a rocky terrain, and there are different sizes of the marks, he said.
Also, it is believed that the particular animal had come from neighbouring Maharashtra and attacked after entering Telangana, the official further said.
In November 2020, two people -- a 21-year-old tribal man and a 15-year-old girl -- were attacked and killed by a tiger in separate incidents at the same spot.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Telangana
- Maharashtra
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FSDL's partnership with Premier League can improve Indian football as a whole: Dickov
I think when youve got them and youve got the Premier League coming together, it can only help improve Indian football as a whole, he said. I know the Premier League is looking to do the Next Gen Cup, which is great because it is going to give international experience to the young players that are around as well.Its all about progressing.
- Country:
- India
Premier League legend and former Scotland international Paul Dickov has said that he is impressed by the growth of Indian football over the last five years.
Dickov, who played for a number of clubs including Manchester City, Arsenal and Leicester City, added that Football Sports Development Limited's (FSDL) partnership with the Premier League has played an important role in the growth of the sport in India.
Dickov was in India as part of the PL30 celebrations, a celebration of 30 years of the Premier League, and said that the quality and knowledge within Indian football had improved each time he has visited the country. ''You can see it yourself, the improvement. The teams are improving (as well as) the individual players. I think when you've got them and you've got the Premier League coming together, it can only help improve Indian football as a whole,'' he said. ''I know the Premier League is looking to do the Next Gen Cup, which is great because it is going to give international experience to the young players that are around as well.
''It's all about progressing. The more progress that happens, the bigger Indian football is going to be.''
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/sports-games/2255108-fsdls-partnership-with-premier-league-can-improve-indian-football-as-a-whole-dickov | 2022-11-17T10:56:51 | en | 0.980262 |
Europe is too dependent on China for technologies, Finland's PM says
Europe is currently too reliant on China for technologies and should be wary of this dependency, Finland's Prime Minister Sanna Marin said on Thursday. "Let's be honest, we have vulnerabilities already. We see it when we look at chips or semiconductors, we are too dependent," Marin said, speaking at Slush, an annual startup event in Helsinki.
- Country:
- Finland
Europe is currently too reliant on China for technologies and should be wary of this dependency, Finland's Prime Minister Sanna Marin said on Thursday.
"Let's be honest, we have vulnerabilities already. We see it when we look at chips or semiconductors, we are too dependent," Marin said, speaking at Slush, an annual startup event in Helsinki. Marin said Europe had lessons to learn from its dependency on Russian energy that led to the ongoing energy crisis in Europe, as well as the lack of medical supplies seen during the COVID pandemic.
"We have to make sure that we have the capabilities and the knowledge to build these technologies and not be dependent on China and other authoritarian countries that have a different logic than democratic countries have," Marin said. Marin urged Europe to invest more in its own development of new fields of technology such as artificial intelligence and quantum computing.
"I really worry about this technology part because I fear we are making the same mistakes with technology and digital solutions and also raw materials we need to build these technologies," she said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Samyukta Kisan Morcha's meeting scheduled to be held in Karnal on Dec 8 to decide next phase of farmers' movement: Darshan Pal.
- Country:
- India
Samyukta Kisan Morcha's meeting scheduled to be held in Karnal on Dec 8 to decide next phase of farmers' movement: Darshan Pal.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Darshan Pal
- Karnal
- Samyukta Kisan Morcha's
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EXPLAINER-Can Ukraine's grain deal ease the global food crisis?
The agreement, originally reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine, a major producer of grains and oilseeds. Here are some of the issues: WHAT HAS BEEN EXPORTED? The pact created a safe shipping channel for exports from three ports in Ukraine.
A deal to free up vital grain exports from Ukraine's southern Black Sea ports - which had been due to expire on Nov. 19 - was extended on Thursday for 120 days. The agreement, originally reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine, a major producer of grains and oilseeds.
Here are some of the issues: WHAT HAS BEEN EXPORTED?
The pact created a safe shipping channel for exports from three ports in Ukraine. So far, some 11.08 million tonnes of agricultural products have been shipped, including 4.5 million tonnes of corn.
Shipments of wheat have reached 3.2 million tonnes, or 29% of the total. Other commodities shipped include rapeseed, sunflower oil, sunflower meal and barley. For a full breakdown of the countries and quantities exported:
https://www.un.org/en/black-sea-grain-initiative/vessel-movements HOW MIGHT THE AGREEMENT CHANGE?
Ukraine sought to have the agreement expanded to include more ports, although it was not immediately clear if the extension, announced by the UN and Kyiv, has addressed this. The three ports involved in the deal - Odesa, Chornomorsk and Pivdennyi - have the combined capacity to ship around three million tonnes a month.
Ukraine wanted to include the ports of the southern Mykolaiv region, which provided 35% of Ukrainian food exports before Russia's invasion. Mykolaiv was Ukraine's second-largest grain terminal according to 2021 shipment data so its addition would allow for a much larger volume of grains and oilseeds to be shipped.
Ukraine had separately sought a one-year extension of the deal and a streamlined inspection regime. Russia has previously said its consent to extend the Black Sea grain deal depended on support for its own grain and fertiliser exports. Russia is a major agricultural producer and the world's largest exporter of wheat.
Among its demands, Russia is believed to want the West to ease restrictions on state agriculture lender Rosselkhozbank, a move that should help facilitate more Russian exports. HAS IT ALLEVIATED THE FOOD CRISIS?
A drop in shipments from major exporter Ukraine has played a role in this year's global food price crisis, but there are also other important drivers. These include the COVID-19 pandemic and the climate shocks which continue to challenge agricultural production, mostly recently droughts in both Argentina and the United States.
The corridor has led to a partial recovery in shipments from Ukraine but they remain well below pre-invasion levels and will not fully recover for the foreseeable future. Transporting grains to ports there remains challenging and expensive, while Ukrainian farmers have reduced sowings of crops such as wheat after in many cases selling last year's crops at a loss, with domestic prices remaining very low.
HAS IT DRIVEN DOWN GLOBAL WHEAT PRICES? Prices of wheat on the Chicago Board of Trade rose sharply in the aftermath of Russia's Feb. 24 invasion of Ukraine but are now around pre-conflict levels.
Ukraine's ability to export millions of tonnes of wheat through the corridor has been one element driving down prices. Other factors include a record crop in major exporter Russia this year, the gloomy global economic outlook and a strong dollar.
But prices for wheat-based food staples such as bread and noodles remain well above pre-invasion levels in many developing countries despite the decline in Chicago futures, due to weak local currencies and higher energy prices which have raised costs such as transport and packaging. WHAT ABOUT SEA MINES?
Russia and Ukraine accuse each other of planting the many naval mines that now float around the Black Sea. These pose a significant threat and were cited as the one thing feared by a crew member on the Sierra Leone-flagged Razoni, the first ship to pass through the corridor on Aug. 1. The mines have drifted far from Ukraine's shores, with Romanian, Bulgarian and Turkish military diving teams defusing some that have ended up in their waters.
It could take months to clear them and there was not enough time to do so before the grains pact came into effect. WHAT ABOUT INSURANCE?
The Istanbul based Joint Coordination Centre, which oversees the deal and is made up of Turkish, Russian, Ukrainian and U.N. officials, in August published procedures on the shipping channel, which aims to alleviate concerns of insurers and shipowners. Insurers initially said they were willing to provide cover if there were arrangements for international navy escorts and a clear strategy to deal with sea mines.
Since then, they have created clauses for providing cover, including provisos that ships need to stay inside the corridor when transiting or risk invalidating their policies. Following the July 22 agreement, Lloyd's of London insurer Ascot and broker Marsh set up a marine cargo and war insurance facility for grain and food products moving out of Ukrainian Black Sea ports with $50 million cover per voyage.
The cost of overall insurance for ships sailing into Ukrainian ports - which includes separate segments of cover - is nevertheless likely to remain steep. WHAT ABOUT CREWS?
In September, Ukraine implemented a decree allowing its seafarers to leave the country despite wartime restrictions, a move aimed at freeing up vital manpower for both Ukrainian grain exports and the wider global shipping industry. At the start of the conflict there were around 2,000 seafarers from all over the world stranded in Ukrainian ports. The International Chamber of Shipping association estimated that figure had fallen to some 346 mariners as of Oct. 27.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Operations in some public sector banks likely to be hit on Saturday as union members to go on strike
- Country:
- India
Operations of public sector banks (PSBs) may be impacted as bank union AIBEA has given a strike call for Saturday to oppose incessant outsourcing of jobs.
Although the officers are not part of the strike, there may be some impact on cash deposit and withdrawal, clearing of cheques etc.
Several banks, including Bank of Baroda and Punjab & Sind Bank, have already informed their customers about the potential impact on services if November 19 strike materalises.
If the strike materialises, a certain section of the Bank's employees may participate in strike on the said date, in which case, it is likely that the normal functioning of the branches/offices of the bank may get affected, Punjab & Sind Bank said in a regulatory filing on Thursday.
Outsourcing of jobs by some of the banks are putting privacy of customers and their money at risk apart from reduction in recruitment at the lower level, All India Bank Employees' Association (AIBEA) general secretary C H Venkatachalam said.
Some banks are also indulging in violation of Industrial Disputes (Amendment) Act, he said.
Even where the labour authorities have intervened, the management has ignored their advice, violated the provisions of Industrial Disputes Act and forcibly transferred the employees, he added.
''From AIBEA, we reiterated our issues and demands arising out of the various unilateral decisions in violation of the existing provisions of Bipartite Settlement in some of the banks and the attacks on jobs and job security and vindictive actions in some other banks,'' he said.
In the wake of these attacks, he said, ''AIBEA has no alternative than to express its protest through our agitational programme and strike action''.
Banks are open on November 19 which is the third Saturday of the months. All banks remain open on first and third Saturdays.
Private sector banks would not be impacted by the strike call.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Special Lecture on "Economic Relations among Nations: Can it Avert the Impending Economic Crisis" organized by FORE School of Management
FORE School of Management recently organized a special lecture on the topic "Economic Relations among Nations
- Country:
- India
New Delhi [India], November 17 (ANI/SRV): FORE School of Management recently organized a special lecture on the topic "Economic Relations among Nations: Can it Avert the Impending Economic Crisis." The lecture was addressed by T.C.A. Ranganathan, current Non-Executive Chairman of Indian Overseas Bank and former Chairman and Managing Director of Export-Import Bank of India. He shared his insights on the global trade outlook, trends in global exports, and changing global economic order. The lecture aimed at helping students and future leaders understand the rationale behind the predictions of global GDP falling further over the next two years. One of the agendas was also to acquaint the attendants with the opportunities and feasible solutions to prevent the potential threats that may lead to an impending economic crisis in India.
Ranganathan explained that the changing global order and the economic impact we are seeing today is the result of the ongoing polycrisis. The three major crisis situations being climate change, the Russia-Ukraine conflict, and China Trade War. He elucidated how each of these situations, in its own way, is hurting the Indian economy. However, he said, if we are looking to change the situation, "Transforming supply chains is the way forward." He said, "To bring back the balance, there has to be arrangements and effort made to relocate supply chains that are ex-China. And, we are at an interesting cusp. India is the third largest economy in terms of unutilized manpower and the world is keen to trap this channel to reduce dependency on China. So, future growth is likely to come here."
He further added, "Our way forward depends on two acts--(a) our ability to befriend other countries and (b) our ability to invest in companies and attract other countries to invest. China became China because lots of foreign companies invested there--around 7 lakh companies if we want to put it in figures. These foreign companies came there for infrastructure, which is better than the benchmark in the US or Europe. The problem in India is that we don't think in those terms. The current thinking in India revolves primarily around domestic manufacturing. We need international people and they want something better. But better is available in Malaysia, Indonesia, etc. so they don't come here." Emphasizing his point, Ranganathan stated, "We can catch the bus or we can miss it again. Our strong position today is useless stubbornness against foreign companies coming in. To set up a shop in India, they need permission. China is not like that; foreign companies don't need permission to get started there. Their policy is simple - come, set up, export. In India, they need a number of licenses, so they feel restricted here. This needs to change."
When asked about whether China could lose the race since companies like international companies Tesla are coming to India and some Indian companies like Vedanta are now making chips in India, which is a game changer in terms of taking charge of the semiconductor ecosystem, Ranganathan said, "Whether or not India can win the race against China is a question of the scale of world production. Trade war ensures that China-plus-one, China-plus-two will happen. But so far, the principal beneficiaries of this strategy have been Bangladesh and Singapore. We have not benefitted yet. If we continue doing what we are doing, we can overtake Japan, but we will still be below three. All this is because we are still dependent on China. We desperately don't want China, but our entire electronic supply comes from there. We need to change that, and we need to think about scale." Ranganathan concluded the session with an analogy--also addressing the key question about what India should do to avoid the fallout or lessen the impact of the impending economic crisis. He said, "India's total share in GDP is floating around 3.2%. With the global economic crisis, it is bound to get impacted. However, if we are secure inside, we can reduce the impact. For example, in cars, we have seatbelts; in case of an accident, the seatbelts ensure that the passengers stay protected even if they bear some damage. Similarly, we need to direct our attention towards our focal strengths - whether our policies are intact and our internal relations, social equations etc. are strong or not. Its impact will be like wearing seatbelts. So, when inflation happens, we'll get jostled about but the blow will be reduced."
This story has been provided by SRV ANI will not be responsible in any way for the content in this article. (ANI/SRV)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2254994-special-lecture-on-economic-relations-among-nations-can-it-avert-the-impending-economic-crisis-organized-by-fore-school-of-management | 2022-11-17T10:57:36 | en | 0.952977 |
Seven killed, four injured in road accidents in Assam
- Country:
- India
At least seven people were killed and four injured in separate road accidents in different parts of Assam on Thursday, police said.
Five people were killed in two accidents in Nalbari district, and one each in hit-and-run cases in Lakhimpur and Nagaon districts, they said.
In one of the accidents in Nalbari, four people were killed and four others injured when the vehicle they were travelling in rammed into the railing of a bridge in Banekuchi area early in the morning.
The vehicle was returning to Guwahati from Howly area in Barpeta district. The passengers were employees of a private hospital in the city.
''We suspect it to be a case of over-speeding and there was low visibility due to thick fog. The driver and three others were killed in the accident,'' a police officer said.
Among the four hurt, one sustained grievous injuries and was admitted to Gauhati Medical College and Hospital.
In a similar accident in Ghograpar area, a vehicle carrying three people hit the railing of a bridge early in the morning.
One was killed on the spot, while the two others were injured, another police officer said.
In a hit-and-run accident in Naoboicha in Lakhimpur district, a local youth was killed when the motorcycle he was riding was run over by an unidentified vehicle.
In another similar accident, a woman was killed on the spot after being hit by a speeding vehicle while she was out for a morning walk in Raha area of Nagaon district.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2254999-seven-killed-four-injured-in-road-accidents-in-assam | 2022-11-17T10:57:44 | en | 0.990244 |
100 start-ups registered with ISRO to work in spacetech domains: Chairman ISRO
Addressing a plenary session on Thursday here at the Bengaluru Tech Summit 2022 on 'R&D of India - Innovation for Global Impact', the chairman said ISRO had signed MoUs with companies to work closely which included handholding in space technology and building processes from the start to finish.
- Country:
- India
Indian Space Research Organisation (ISRO) Chairperson S Somanath on Thursday said about 100 start-ups were registered with them and were working closely in various domains of the space sector. Addressing a plenary session on Thursday here at the Bengaluru Tech Summit 2022 on 'R&D of India - Innovation for Global Impact', the chairman said ISRO had signed MoUs with companies to work closely which included handholding in space technology and building processes from the start to finish.
He said a significant number of companies have the potential to become big players in the space sector and ISRO is playing the role of facilitator and helping in building technologies. He said out of 100 start-ups, at least 10 of them were working on developing satellites and rockets. Somanath announced that Chandrayaan III mission would be in orbit in a few months, adding that ISRO is working closely with NASA in space technology areas. He said the computer that was used in the rocket was made in India.
In his brisk presentation, he said space tourism has picked in the world with start-ups evincing interest in various applications which impact the day-to-day activities. He said ISRO is playing an important role in smart city projects and smart manufacturing processes. He said some of the areas that ISRO is working on include bringing back satellite technology, propulsion systems used in engine manufacturing which have been successfully tested, green and hybrid propulsion system, nuclear propulsion, launch of small rockets with the use of additive technologies, energy storage systems, functional materials, carbon fibre technology, electronic devices, robotics, drone technologies, quantum technology used in encryption and disruptive technologies.
Earlier, Nobel Laureate in Chemistry 2020 and French microbiologist Emmanuelle Charpentier, who is scientific and managing director of Max Planck Unit for the Science of Pathogens in Berlin, gave a presentation on "A research journey towards the CRISPR-Cas genome engineering technology". (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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French Navy frigate pays goodwill visit to Mumbai, conducts drill with Indian warship | https://www.devdiscourse.com/article/business/2255000-100-start-ups-registered-with-isro-to-work-in-spacetech-domains-chairman-isro | 2022-11-17T10:57:53 | en | 0.956882 |
Paisabazaar Reaches Annualized Rates of Rs. 12,000 Crore Loan Disbursal and Half Million Credit Cards Issued
Paisabazaars stellar growth post the pandemic crisis has been driven by strong focus on digitization, sharp segmentation-led product and process innovations, along with its emerging credit strategy and co-created product initiatives.Since the pandemic in 2020, Paisabazaar has focussed on building its business with strong margins.
- Country:
- India
Digital marketplace for consumer credit and free credit score platform Paisabazaar announced today that it has reached an annualized loan disbursal rate of Rs. 12,000 crore along with an annualized rate of 0.5 million credit cards issued. In Q2 of FY 2022-23, Paisabazaar's disbursals grew by 94% year on year.
Number of consumers who have checked their free credit score from the Paisabazaar platform crossed 3.1 crore. In the second quarter of the financial year, around 22 lakh new consumers checked their credit score on Paisabazaar for the first time. Paisabazaar's stellar growth post the pandemic crisis has been driven by strong focus on digitization, sharp segmentation-led product and process innovations, along with its emerging credit strategy and co-created product initiatives.
Since the pandemic in 2020, Paisabazaar has focussed on building its business with strong margins. One of Paisabazaar's key objectives is moving towards profitability; it is aiming to break even in its lending business by the end of this financial year. Naveen Kukreja, Co-founder & CEO, Paisabazaar, says, "Our core focus has always been on providing the best offers to consumers across segments. Today, we are at a vantage point with a deep understanding of the demand and supply dynamics, enabling us to innovate and cover consumer need gaps across the credit spectrum. While we have scaled our business in the prime segment significantly, our emerging credit and co-created initiatives, primarily aimed towards inclusiveness, will be key for long-term growth." Paisabazaar says deep and wide partnerships with Banks, NBFCs and credit bureaus along with a sharp focus on building end-to-end digital capabilities have been its key growth drivers. It runs 15 pre-approved programs with various Banks and NBFCs for loans and cards, enabling better funnels and stronger margins.
Paisabazaar has also built end-to-end digital journeys with 10 lending partners with more in the pipeline. End-to-end digital transactions on the Paisabazaar platform have grown by 8.7X since the first quarter of FY 2022. Over 70% of credit cards issued through Paisabazaar currently are sourced completely digitally. Over the next few months, it plans to continue strengthening its digital capabilities and deepening integration with partners.
Paisabazaar is also using its strong partnerships across the ecosystem and digitization capabilities to serve large under-served consumer segments through its emerging credit strategy. These large segments typically face challenges in accessing credit due to high rejection rates, low supply and unviable and cumbersome physical processes. Paisabazaar aims to address these challenges by increasing product options and expanding supply, along with bringing in more digitization to the processes.
Products on the Paisabazaar platform like short-term personal loans and an exclusive co-created secured card called "Step UP Credit Card" aims to do just that, by helping credit-starved segments access credit and climb up the credit ladder.
Paisabazaar has also built a Credit+ program for consumers with damaged credit, which includes a personalized credit advisory services to help consumers build a healthy credit profile, an insightful credit report called Credit Health Report and a credit builder product in Step UP Credit Card. All products and services under the emerging credit strategy are completely digital.
Paisabazaar is also strongly focussed on building its co-created product portfolio that aims to cover existing supply, product or process gaps within the lending ecosystem. It launched three exclusive co-created products built with SBM Bank, IDFC First Bank and RBL Bank. This year, Paisabazaar has launched two more exclusive co-created personal loan products this year with a Bank and a NBFC. "Digitization and new innovative products that address market and inclusiveness gaps will define the next phase of growth for the lending industry. We are closely working with our partners and all stakeholders towards this common goal," added Naveen Kukreja. About Paisabazaar Paisabazaar is India's largest consumer credit marketplace with a 51.4% market share (based on disbursals in Fiscal 2020, as per Frost & Sullivan).
Paisabazaar has 60 partnerships with large banks, large NBFCs, credit bureaus and fintech lenders to offer a wide choice of lending products for consumers on its platform Strong partnerships, built through technology and data integration enables Paisabazaar to offer consumers digital and easy processes and faster disbursals.
From application to disbursal, Paisabazaar accompanies the Consumer at each step, providing last-mile assistance such as document collection and assistance until disbursal and advice.
Paisabazaar, since 2017, has also been providing consumers access to credit reports from credit bureaus, offering Consumers lifetime checking and tracking of their credit scores for free. Over 3 crore consumers have checked their free credit score from Paisabazaar.
Paisabazaar has been recognized at several industry platforms with awards like 'Digital Lending Award' at the Fintech India Innovation Awards, 'Excellence in Consumer Lending' at IAMAI's India Digital Awards, 'Outstanding Crisis Finance Innovation 2021 (Asia Pacific) Award' by Global Finance Magazine, 'Most Innovative Lending Startup' by 'India Fintech Forum and Economic Times' 'Most Promising Brand'.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Fintech India Innovation Awards
- IAMAI
- Credit Health Report
- Gurgaon
- Asia Pacific
- ‘India Fintech Forum and Economic Times
- Co-founder & CEO
- Naveen Kukreja
- Paisabazaar
- Step UP Credit Card | https://www.devdiscourse.com/article/business/2255010-paisabazaar-reaches-annualized-rates-of-rs-12000-crore-loan-disbursal-and-half-million-credit-cards-issued | 2022-11-17T10:58:01 | en | 0.954644 |
Medi Assist acquires majority stake in UK-based Mayfair
- Country:
- India
Insurtech firm Medi Assist Healthcare Services Ltd on Thursday said it has acquired a majority stake in UK-based healthcare-focused administration service provider Mayfair We Care for an undisclosed amount.
Medi Assist has acquired a 60 per cent stake in the UK-based firm, having a presence across the world.
The acquisition will allow Medi Assist to expand offerings for its customers beyond India and provide global access to medical benefits and health plan administration.
Besides, customers of both organisations can now avail integrated services globally through a combined platform, with one of the largest global healthcare networks, Medi Assist said in a statement.
With this acquisition, Medi Assist will also gain capabilities in providing customised corporate plans that offer corporates the flexibility to customise healthcare plans in line with the specific healthcare needs of their employees, rather than opting for the conventional 'one-size-fits-all' health coverage plans, it added.
Additionally, it said, Medi Assist will now have a presence in niche domains like seafarers, the international education market and international sports teams.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Medi Assist
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India Delegation speaks on Mental Health at the Grand Challenges Annual Meeting 2022 | https://www.devdiscourse.com/article/business/2255014-medi-assist-acquires-majority-stake-in-uk-based-mayfair | 2022-11-17T10:58:12 | en | 0.931223 |
German shares outshine European peers after Siemens' profit beat
German shares led the gains among European stocks on Thursday as Siemens jumped after posting an upbeat quarterly profit, while investors awaited the UK budget, which is expected to restore confidence in Britain's economy. Germany's DAX index rose 0.4%, while the continent-wide STOXX 600 index dipped 0.1% by 0926 GMT.
German shares led the gains among European stocks on Thursday as Siemens jumped after posting an upbeat quarterly profit, while investors awaited the UK budget, which is expected to restore confidence in Britain's economy.
Germany's DAX index rose 0.4%, while the continent-wide STOXX 600 index dipped 0.1% by 0926 GMT. Shares of Siemens jumped 7% to lead both the indexes after the engineering and technology group said its factory hardware and software continued to witness strong demand.
The European industrial goods index added 0.2%. Britain's finance minister Jeremy Hunt is expected to announce spending cuts and tax hikes at the Autumn Statement, which he and Prime Minister Rishi Sunak say are required to restore investor confidence after the former government's failed "mini budget" less than two months ago.
London's FTSE 100 index lost 0.4% ahead of the announcement, which is due around 1130 GMT. "It's a difficult position that they find themselves in. They've got to try and balance the books and deal with the fact that the economy is in a difficult position, so it is a challenging situation for them," said Mike Bell, global market strategist at J.P. Morgan Asset Management in London.
The STOXX 600 is poised for a second straight monthly gain, with better-than-feared earnings and expectations of smaller interest rate hikes by the U.S. Federal Reserve among the top factors driving gains. Even as data from the euro zone continues to point at an imminent recession for the bloc, strategists note that markets have started to price in a bottoming in the dour readings.
"Part of the reason why markets rallied so much in the last month or so is because consumer confidence is so low that it became hard to see it get much worse, so when the macro data is so weak, markets assume that you are getting to the troughs in the data," Bell said. The European basic resources index dropped 0.4% to lead sectoral falls after prices of base metals slumped against a firmer U.S. dollar. The index is still among the few that have stayed above water so far this year.
NN Group dropped 5.8% to the bottom of Amsterdam's AEX index after the Dutch insurer's 2025 targets came in below estimates. The AEX dipped 0.2%.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Amsterdam
- Siemens
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Sports News Roundup: NBA roundup: Nets fall to Bulls after firing coach; Cricket-Zimbabwe all but eliminated after defeat by Dutch and more | https://www.devdiscourse.com/article/business/2255017-german-shares-outshine-european-peers-after-siemens-profit-beat | 2022-11-17T10:58:20 | en | 0.951191 |
FTSE 100 slips ahead of Hunt's budget plan
Mitie tumbled 9% after the outsourcer posted a lower half-yearly profit and put forward a support plan for employees amid a cost-of-living crisis that has squeezed Britons. Halma dropped 4.5% after the technology company reported a drop in its half-year statutory pretax profit.
The UK's blue-chip index slipped for a third straight session on Thursday as investors awaited Finance Minister Jeremy Hunt's new budget aimed at stabilising the public finances and restoring investor confidence. The FTSE 100 dropped 0.6% to touch one-week lows, while the mid-cap FTSE 250 fell 0.4%, also hovering near one-week lows.
Hunt will bury Britain's failed "Trussonomics" experiment by cutting spending and raising taxes, an abrupt policy reversal from the unfunded tax cuts promised by former Prime Minister Liz Truss that sent British markets in a tailspin. The plan is due to be announced at about 1130 GMT. "That is going to put an added drag on demand in the UK and is undoubtedly going to deepen the recession that the UK is already in," said Stuart Cole, head macro economist at Equiti Capital.
Data on Wednesday showed surging household energy bills and food prices pushed British inflation to a 41-year high in October, piling pressure on the Bank of England to keep on raising rates. But the scale of austerity due to be announced later in the day could mean borrowing costs need to go up by less.
Among individual stocks, Royal Mail's parent company International Distributions Services slipped 1.8% after it reported a first-half loss as higher costs and disruptions due to postal workers' strikes strained its finances. Mitie tumbled 9% after the outsourcer posted a lower half-yearly profit and put forward a support plan for employees amid a cost-of-living crisis that has squeezed Britons.
Halma dropped 4.5% after the technology company reported a drop in its half-year statutory pretax profit.
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How to Forecast Exchange Rates Using Data
Introduction
Forecasting exchange rates is a common task for financial analysts and economists. You may be tasked with forecasting the value of your company's stock, or perhaps you are an investor looking to predict the future price of a particular currency. Regardless of who you are or what you're doing, this article will show you how to use Python machine learning APIs to forecast exchange rate data for any pair of currencies over time.
In this article, we'll use machine learning to forecast exchange rates. The goal of this project is to predict the future value of 1 USD in terms of CAD. To do this, we will load historical data from the Canadian government's annual Bank of Canada report on their monthly exchange rate average and train a machine-learning model using Python's Scikit-Learn library.
Defining the Variables
Before you can create a model, it's important to understand the variables that will be used in your model. These should be defined before you start collecting data. Once your variables are defined, you need to decide whether or not they are needed in the model. If they are not needed, they can be removed from the dataset before fitting models on top of it.
Exchange rate history: This is a time series that describes how much one currency was worth against another currency at various points in time over some period of time (usually months). This could take values like 1 USD = 1 CAD or 0.5 USD = 1 CAD etcetera depending on what timeframe was used when calculating historical averages/forecasts
Data
In this tutorial, we'll be using the pandas' library to import and manipulate our data. It's a versatile package that allows you to easily extract information from large datasets and also visualize it in a variety of ways. If you are unfamiliar with pandas or would like more information on how it works, visit [this site](http://pandas.pydata.org/).
Methodology
The methodology used to forecast exchange rates is based on the assumption that there exists a linear relationship between the input variables (fundamental data) and output variables (exchange rate). Therefore, we can use a machine learning technique called regression analysis to determine which inputs correlate with the output.
The first step in this process is preparing your data for analysis by cleaning and organizing it so that it can be interpreted as easily as possible. In our case, we took daily data from three sources: The World Bank's DataMarket, FXStreet, and Quandl (which aggregates various sources of financial information). All prices were converted into USD using exchange rates provided by Oanda's API service. This gave us over 1 million rows per currency pair; however, some countries are more heavily represented than others due to their importance in global trade or financial markets – so we had to remove outliers using statistical methods such as k-means clustering in order to ensure every country was properly represented while also reducing noise levels at the same time!
Discussion
This method is not perfect. It is better to use a more sophisticated model and look at the results of many different models before making a decision. The results are not suitable for high-accuracy trading; you should use a different forecasting method if you need that level of accuracy. The results are not suitable for predicting exchange rates in the future, but they may be useful for forecasting exchange rates in the near future (the next few days).
Conclusion
You've now seen how to forecast exchange rates using data. You learned that:
- Machine learning is a powerful tool for financial services, especially when it comes to forecasting.
- Exchange rate data is an important part of the process.
- Python is one of the most popular languages for machine learning due to its flexibility and ease of use.
- Freecurrencyapi.com provides a wealth of useful exchange rate data for free!
(Disclaimer: Devdiscourse's journalists were not involved in the production of this article. The facts and opinions appearing in the article do not reflect the views of Devdiscourse and Devdiscourse does not claim any responsibility for the same.) | https://www.devdiscourse.com/article/business/2255021-how-to-forecast-exchange-rates-using-data | 2022-11-17T10:58:36 | en | 0.94262 |
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Sterling claws higher ahead of 'tough but necessary' UK budget
Benchmark 10-year gilts are around 3.3%, their lowest since mid-September, just before Truss and Kwarteng released their budget. Typically, this would have dragged on the pound, given the lower yield advantage it affords investments in sterling.
- Country:
- United Kingdom
The pound rose for a third day against the dollar on Thursday ahead of finance minister Jeremy Hunt's new budget full of "tough but necessary" measures to control inflation. Hunt, who took over from Kwasi Kwarteng who served as chancellor under former Prime Minister Liz Truss, plans to tackle a 55 billion-pound ($65.70 billion) hole in Britain's budget by freezing thresholds and allowances on income tax, national insurance, inheritance tax and pensions for a further two years.
Inflation in the UK shot up at a rate of 11.1% in the year to October, the fastest increase since October 1981 and well above September's 10.1% rate. The expectation in the market is for Hunt to announce somewhere in the region of 40 to 50 billion pounds of total fiscal tightening over the coming couple of years.
"If that's what we get, the market reaction should be fairly neutral. The risk to that view, I suppose, is that we get that magnitude of fiscal tightening, but more of it comes earlier," RBC chief currency strategist Adam Cole said. The question sterling traders will have to weigh up is whether tighter fiscal policy will return some credibility to UK markets, which should boost the pound, or whether a higher tax burden will hamper growth even further, thereby denting the currency, Cole said.
"For choice, I think it's something which is probably something that is easier to play in gilts than it is in the currency. But if I had to jump one way or the other, I would say that tighter fiscal policy is more likely to play out as a fairly conventional cyclical story of 'weaker growth, lower rates, weaker currency'," he said. Sterling was last up 0.3% against the dollar at $1.19505 and up 0.2% against the euro, at 87.02 pence.
The pound hit a record low against the dollar of $1.0327 in late September after Truss' "mini budget" added billions to the government's borrowing costs and forced the Bank of England to step in to stabilise the market and protect pension funds. Sterling has since regained around 16% in value and is trading around its highest in three months. But much of this apparent strength has been the result of investors cashing in on the dollar's huge rally this year.
Against the euro, sterling has only risen by around 6% since late September and by 9% against the yen. Gilt yields, meanwhile, have subsided. Benchmark 10-year gilts are around 3.3%, their lowest since mid-September, just before Truss and Kwarteng released their budget.
Typically, this would have dragged on the pound, given the lower yield advantage it affords investments in sterling. But the decline in yields mainly reflects a greater degree of confidence among investors, which has supported the currency. Adding an extra element of risk on Thursday, are the economic forecasts of the independent Office for Budget Responsibility, which did not release any kind of breakdown of the impact of Truss' budget in September.
"While a lot of what is to come today is likely to depend on what the OBR's economic forecasts say it should also be noted that the OBR's recent forecasts have been about as much use as a chocolate fireguard," CMC Markets chief markets strategist Michael Hewson said. "There are simply too many variables for any forecasts to be remotely accurate, and while economists have many varying models, they are only as good as the data that gets put into them," he said. ($1 = 0.8372 pounds)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Britain grateful to Albania for work tackling people smugglers - PM Sunak's spokeswoman | https://www.devdiscourse.com/article/business/2255024-sterling-claws-higher-ahead-of-tough-but-necessary-uk-budget | 2022-11-17T10:58:43 | en | 0.972197 |
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NSE likely to introduce Electronic Gold Receipt shortly: Sebi executive director
The National Stock Exchange is likely to introduce trading of electronic gold receipts on its platform and market regulator Sebi is ironing out some taxation issues related to the product with the government, an official said on Thursday.Referring to the Electronic Gold Receipt EGR, V S Sundaresan, Executive Director at the Securities and Exchange Board of India Sebi, said, this product has been introduced by Sebi and BSE has launched it about a month back and we hope that this product will definitely gain traction over a period of time.
- Country:
- India
The National Stock Exchange is likely to introduce trading of electronic gold receipts on its platform and market regulator Sebi is ironing out some taxation issues related to the product with the government, an official said on Thursday.
Referring to the Electronic Gold Receipt (EGR), V S Sundaresan, Executive Director at the Securities and Exchange Board of India (Sebi), said, this product has been introduced by Sebi and BSE has launched it about a month back and ''we hope that this product will definitely gain traction over a period of time''. ''Under this product, what is proposed is that the physical gold is to be deposited in a vault, that vault manager will issue an electronic receipt and this will be credited to the demat account of the investor, that receipt can be traded on the stock exchange,'' he explained.
So the gold will remain in a vault but it will generate some sort of income and the unutilised gold can be put to productive use, Sundaresan added.
The Bombay Stock Exchange launched EGR trading on its platform.
It introduced two new products of 995 and 999 purity during the Muhurat trading on Diwali. Trading can be done in multiples of 1 gram and deliveries in multiples of 10 gram and 100 gram, the exchange had said in a statement.
''It is a new segment. The BSE has come forward. The NSE is likely to do it shortly. We are working on the proposal,'' Sundaresan said.
He said there are some tax related issues which need to be ironed out, adding ''We are working with the ministry and we are hoping that this product will make gold trading more transparent and more satisfactory for investors. We are hoping that this will help the unutilised or the physical gold which is lying idle can be converted into more economically tradable form,'' Sundaresan said at an Assocham summit.
The BSE in February received in-principle approval from Sebi, after which the exchange conducted several mock trading in the test environment for its members to facilitate trading in EGRs.
EGRs will cater to all market participants, which means that buyers and sellers on the exchange will include individual investors, as well as commercial participants along the value chain like importers, banks, refiners, bullion traders, jewellery manufacturers and retailers.
Sumita Dawra, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said that India accounts for nearly 1/3rd of the world's gold consumption at 800 tonnes per annum.
Highlighting that India was the world's second largest importer of gold, Dawra said: ''We are hardly mining our own gold. So it is naturally causing a strain on our current account deficit (CAD)''.
Echoing similar sentiments, Sundaresan said India meets 89 per cent of its gold demand from imports. In 2022-23 up to June, the country's gold imports stood at over Rs 81,100 crore, he said.
''This large demand of gold imports has adverse impact on CAD and further implications on the external sector stability,'' he added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2255026-nse-likely-to-introduce-electronic-gold-receipt-shortly-sebi-executive-director | 2022-11-17T10:58:52 | en | 0.962784 |
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EMERGING MARKETS-Stocks drop as chips rout, Fed hike fears dent risk appetite
A sell-off in Asian chip stocks and China COVID fears dragged down emerging market equities on Thursday, with the index down nearly 1% in a second day of declines, while a stronger dollar following robust U.S. retail sales data pressured currencies. An index of emerging market tech stocks slipped 1.6% and Hong Kong's tech index fell 2.2% after U.S. semiconductor company Micron Technology said it would reduce memory chip supply, warning about excess inventories and sluggish demand.
A sell-off in Asian chip stocks and China COVID fears dragged down emerging market equities on Thursday, with the index down nearly 1% in a second day of declines, while a stronger dollar following robust U.S. retail sales data pressured currencies.
An index of emerging market tech stocks slipped 1.6% and Hong Kong's tech index fell 2.2% after U.S. semiconductor company Micron Technology said it would reduce memory chip supply, warning about excess inventories and sluggish demand. Rising COVID-19 cases in China also weighed on sentiment amid fears of curbs to control the spread. MSCI's index of emerging market stocks dropped 1.2%.
Among currencies, Asian units led losses with China's yuan down 0.7%. Elsewhere, South Africa's rand also slipped 0.7%. "If CNY weakness extends as we expect, we see rising downside risks to goods inflation next year given cheaper Chinese exports," said Alex Loo, macro strategist at TD Securities.
The dollar found a footing overnight after strong U.S. retail sales data boosted the case for the Fed to stay on its tightening path. Aggressive tightening by the Fed and other major central banks this year has hit risk sentiment due to recession fears, hitting emerging market assets.
In Asia, central bank tightening continued with benchmark interest rates in Indonesia and the Philippines being hiked by 50 basis points (bps) and 75 bps, respectively. Asian central banks have lagged several other emerging market peers, which started hiking earlier in the aftermath of the pandemic, with Brazil and some central European banks seen ending their tightening cycle soon.
In fixed income, after three days of tightening, emerging market hard-currency debt spreads started widening again. . Central European currencies extended their outperformance against a weaker euro, lead by a 0.2% gain in Hungary's forint .
In Brazil, stocks were seen extending losses as leftist former Sao Paulo Mayor Fernando Haddad emerged as the front-runner to be finance minister, which will likely be seen by investors as the latest sign that President-elect Luiz Inacio Lula da Silva is elevating leftist allies over centrists. London-listed Brazilian exchange traded funds, as well as European listings for Brazilian blue-chips such as oil major Petrobras, miner Vale and lender Itau Unibanco, slipped between 0.3% and 3.8%.
Meanwhile, Brazilian Vice President-elect Geraldo Alckmin on Wednesday proposed in a constitutional amendment to exempt some 175 billion reais ($32 billion) from next year's budget to pay for social programmes, raising worries about fiscal prudence. For GRAPHIC on emerging market FX performance in 2022, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2022, see https://tmsnrt.rs/2OusNdX For TOP NEWS across emerging markets
For CENTRAL EUROPE market report, see For TURKISH market report, see
For RUSSIAN market report, see
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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BharatX to invest USD 15 mn in indigenous startups over 18 months
To build a Swadeshi Startup Ecosystem in India, BharatX announces to inject USD 15 million over the period of 18 months to build and scale nationwide, BharatX said in a statement.The swadeshi startup ecosystem in India has been developing with the growth of emerging technologies, young talent and infrastructure to support them.
- Country:
- India
Startup accelerator BharatX will invest USD 15 million (about Rs 122 crore) over the next 18 months in the Indian startup ecosystem, the firm said on Thursday.
A joint venture between India Accelerator and think-tank Council for International Economic Understanding (CIEU), BharatX will invest Rs 1-5 crore in each startup during the first edition of the accelerator programme.
''The number of startups in India rose from 471 in 2016 to 72,993 by June 2022, which is fuelling the Indian tech wave. To build a Swadeshi Startup Ecosystem in India, BharatX announces to inject USD 15 million over the period of 18 months to build and scale nationwide,'' BharatX said in a statement.
The swadeshi startup ecosystem in India has been developing with the growth of emerging technologies, young talent and infrastructure to support them. And BharatX works as a growth enabler to support that ecosystem, the statement said.
''With India becoming the third largest startup ecosystem in the world, Bharat-specific startups from Tier 2 and Tier 3 cities require different interventions and ecosystems to help build solutions for the next over 800 million people. Bharatx will bridge that gap and enable the next stage of expansion of the startup ecosystem through specialised programmes,'' BharatX CEO Munish Bhatia said.
BharatX will also facilitate access to leading corporations along with a dialogue with policymakers.
''The aim to accelerate startups and to rejuvenate growth in rural India and smaller towns can truly make a huge economic impact. There is a great potential in rural and smaller towns, which is the 'Real Bharat' to give tough competition to the world, in terms of cost, latent talent and manpower,'' BharatX Governing board member and Swadeshi Jagran Manch, National co-convenor, Ashwani Mahajan said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2255054-bharatx-to-invest-usd-15-mn-in-indigenous-startups-over-18-months | 2022-11-17T10:59:13 | en | 0.918226 |
Thursday Morning Weather At Your Fingertips
East Texas (KLTV/KTRE) - Here is a look at the weather where you live: Good morning, East Texas! It is a chilly start to the day as temperatures range in the lower to middle 30s for most of the area. You might want to give yourselves a few extra minutes to defrost before you hit the road and be sure you and the kiddos are bundled up before you head out for school and work! This afternoon will trend cool again in the middle 50s, with plenty of sunshine sticking around throughout the afternoon. Friday will remain dry as well but cloud cover streams in throughout the day and caps off our warming trend. Later on Friday our next cold front begins to slide into East Texas, dropping morning lows back into the lower to middle 30s and afternoon highs in the lower to middle 50s over the weekend. A few showers will be possible south of I-20 on Saturday, although coverage does not look great for now so this doesn’t look like a washout forecast for now. Isolated rain chances return somewhat on Monday, and slightly better shots at a shower persist into Tuesday afternoon. Next Wednesday will have a better shot at rain as an upper-level disturbance travels overhead, so it wouldn’t hurt to keep the umbrella handy throughout the first half of next week. At the very least, southerly winds will return by Monday, so despite the cloud cover and spotty rain chances, it does appear that temperatures will slowly warm to near 60 degrees by next week!
Copyright 2022 KLTV/KTRE. All rights reserved. | https://www.ktre.com/2022/11/17/thursday-morning-weather-your-fingertips/ | 2022-11-17T10:59:20 | en | 0.952908 |
J.P.Morgan predicts a mild U.S. recession next year
A 50-bps hike is expected in December, followed by 25 bps each in February and March. It sees U.S. consumer price inflation cooling to 4.1% by year-end 2023.
- Country:
- United States
J.P.Morgan economists predict a "mild recession" in the United States in the back half of next year given expectations for the Federal Reserve to tighten monetary policy further in its battle against inflation.
The investment bank sees the economy contracting by 0.5% by the fourth quarter of next year, and possibly dragging into 2024. That is seen cutting 2023 U.S. gross domestic product (GDP) to 1%, almost half of its forecast for 2022. JPM expects another 100 basis points (bps) worth of hikes from the Fed through March 2023, after hiking by more than 300 bps so far this year. A 50-bps hike is expected in December, followed by 25 bps each in February and March.
It sees U.S. consumer price inflation cooling to 4.1% by year-end 2023. As of October, the figure stood at 7.7%. Personal consumption expenditure - the Fed's preferred inflation metric - is expected to moderate to 3.4% next year. The resultant slowing in aggregate demand could see the U.S. economy shed over one million jobs by mid-2024, which could then see the Fed start easing rates by 50bps per quarter starting in the second quarter of 2024, JPM said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- U.S.
- Federal Reserve
- United States | https://www.devdiscourse.com/article/business/2255067-jpmorgan-predicts-a-mild-us-recession-next-year | 2022-11-17T10:59:21 | en | 0.964754 |
ACORD Solutions Group Offering Now Supports Document Digitisation Across Full Insurance Lifecycle
LONDON, Nov. 17, 2022 /PRNewswire/ -- ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of extended capabilities in ACORD Transcriber, a widely used tool that enables digitisation and automation of data in insurance forms and other documents. These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).
ACORD Transcriber was built to automate the download, population, and extraction of data in insurance documents. To date, (re)insurers, (re)brokers, and other stakeholders across the global insurance industry have processed over 15 million documents and extracted over 800 million data elements using ACORD Transcriber, resulting in faster speed to market, reduced operating costs, and enhanced data consistency and accuracy.
The latest capabilities of ACORD Transcriber's comprehensive AI/ML engine include support for data extraction from highly unstructured formats such as MRCs, Schedules of Value (SOVs), and other submission documents. Because the structure and content of these documents is extremely variable, they have historically been difficult to digitally extract data from.
"Our global (re)insurance clients have been leveraging the benefits of ACORD Transcriber in areas such as accounting and claims for years," said Chris Newman, Managing Director – Global, ACORD. "Most of these formats tend to be relatively static and fixed, making it easier to map and extract data from them. MRCs and other submission documents, on the other hand, differ so much from one to the next that solution providers have struggled to intelligently digitise them. With these capabilities, we can now support data extraction across the full insurance lifecycle, from initial submission to accounting and claims."
ACORD Transcriber can be accessed through a self-service portal, or by API-based integration with other systems. Its full integration with ADEPT (ACORD Data Exchange Platform & Translator) will allow users to extract, orchestrate, and exchange data throughout the global (re)insurance ecosystem, including the Lloyd's market as envisioned in the Blueprint Two initiative.
"Together ADEPT and Transcriber can, for instance, turn an invoice PDF into an ACORD e-Accounting (EBOT) Message, or turn a claim advice PDF into an ACORD Claims (ECOT) Message," Newman continued. "As we continue to align the Blueprint Two Core Data Record with ACORD Standards, users will be able to do things like automatically turn a traditional or next-generation MRC into an e-Placing Message (GPM), with virtually no manual intervention required. The improvements in efficiency will be enormous."
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at www.acordsolutions.com.
CONTACT: Beth Jarecki
beth@lpendragonus.com
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SOURCE ACORD | https://www.ktre.com/prnewswire/2022/11/17/acord-transcriber-now-includes-ai-enabled-data-extraction-submission-documents-including-mrcs/ | 2022-11-17T10:59:27 | en | 0.902942 |
DSP Investment Managers to acquire 10 pc stake in Equitas Small Finance Bank
- Country:
- India
DSP Investment Managers Private Ltd (DSPIM) will buy a nearly 10 per cent stake in Equitas Small Finance Bank for an undisclosed amount, following approval from the Reserve Bank of India.
The bank has received an intimation from the RBI on November 16, 2022, that it has granted approval to DSP Investment Managers Private Ltd (DSPIM) to acquire up to 9.99 per cent of the paid-up equity capital of the bank through the schemes of DSP Mutual Fund (DSPMF), Equitas SFB said in a regulatory filing on Thursday.
The proposed acquisition of shares by DSPIM would be consequent to the scheme of amalgamation of Equitas Holdings (holding company) with the bank, it said.
In May this year, Equitas Holdings and Equitas Small Finance Bank (SFB) were approved by their respective boards for their merger.
The merger is aimed to meet the RBI's licensing conditions to bring down the shareholding of the holding company to 40 per cent within a period of five years from the date of commencement of business of the bank, which completed by September 4, 2021.
As of September 30, 2022, Equitas Holdings has a 74.50 per cent stake in its SFB subsidiary.
Shares of Equitas SFB traded up 5.53 per cent at Rs 53.40 apiece on BSE. Equitas Holdings scrip rose 5.66 per cent to Rs 105.40.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2255069-dsp-investment-managers-to-acquire-10-pc-stake-in-equitas-small-finance-bank | 2022-11-17T10:59:29 | en | 0.961823 |
- Brinc announces new verticals Climate Tech, EdTech, and MedTech & Healthcare; to run alongside the recently launched ENTERPRISE NEXT program as well as its established programs in FoodTech and Metaverse/Web3
- Additional programs will offer startups the opportunity to receive up to US$250,000 in funding
- Applications for the Spring 2023 cohort are open now
HONG KONG, Nov. 17, 2022 /PRNewswire/ -- Brinc — a leading global venture accelerator that prioritizes sustainability, inclusivity and equitability — announces the launch of new accelerator programs focused on Climate Tech, Educational Technology (EdTech), and MedTech & Healthcare, that will commence in Spring 2023.
The new verticals will complement the recently announced ENTERPRISE NEXT program as well as Brinc's successful FoodTech program and Web3 accelerators (ZK Advancer and The Sandbox Metaverse Accelerator, run in partnership with Animoca Brands and The Sandbox). Applications for the Spring 2023 cohort are now open at: https://www.brinc.io/accelerators/.
The three new global Brinc accelerator programs will focus on:
Climate Tech
Covering innovative, scalable approaches to carbon dioxide removal (CDR), this vertical will provide tailored support to a global network of climate tech founders. Brinc will source early-stage founders working on permanent removal approaches, utilization opportunities, and enabling technologies. Support includes connections to relevant mentors and subject matter experts to address challenges such as IP, supply chain, refining their business models and go-to-market strategies, techno-economic/financial/impact modeling, and pitch preparation. Subsequent to the program, startups will receive ongoing support from Brinc's portfolio team and be connected to a global network of investors.
Investment ticket: US$150,000
EdTech
Targeting startups that wish to drive impact and tackle education-related problems with use of Web3 technology, this program aims to support the education industry's game changers. From providing lessons to roadmap assistance, minimum viable product preparation, and offering skills and connections needed to thrive in the space, the focus is on education equitability — particularly if a startup's goal is to digitalize enhancement of both old and young clients' knowledge and skillsets.
Investment ticket: US$250,000
MedTech & Healthcare
Focused on innovative medical and health technologies to improve all aspects of the health industry, especially those that utilize Web3, Brinc's MedTech & Healthcare program - taught in conjunction with Prenetics - invites founders that are exploring the use of gamification, rewards, and other digital assets in the metaverse to promote healthy living of body and mind. The program also supports startups using Web2 tech, such as wearables and clinical devices, that work towards the goal of making health more accessible, universal, and equitable.
Investment ticket: US$250,000
Recently Launched and Current Programs
New to Brinc's accelerator program line-up, the ENTERPRISE NEXT program is aimed at accelerating the next generation of enterprise-ready business solutions in or looking to enter India, this program focuses on B2B companies. Targeting startups looking to enable new business models; enhance interactions (particularly with use of Web3); use the blockchain to facilitate faster, more secure transactions; and help others achieve carbon neutrality.
Investment ticket: US$100,000
FoodTech
Tech-driven solutions to solve deep-rooted inefficiencies in the food system and create a more sustainable food supply chain.
Investment ticket: US$130,000
The Sandbox Metaverse Accelerator
For startups contributing to the growth of The Sandbox ecosystem by building unique experiences and populating the platform with fresh creativity and new content.
Investment ticket: US$150,000 in USD equivalent
ZK Advancer
For global blockchain and non-fungible token (NFT) startups that are shaping the future of Web3 and driving digitalization; with potential new-partnership support from Fusang, Asia's first fully licensed and regulated digital exchange for security tokens and assets.
Investment ticket: US$250,000
Brinc Commentary
Brinc has accelerated more than 150 companies, which boast an average post-program first raise of over US$2.35 million for those successful in subsequent rounds.
Brinc CEO and founder Manav Gupta said: "Spring 2023 will see the introduction of exciting new programs, each of which will contribute to the Brinc ecosystem by promoting inclusivity, sustainability, equitability, or a combination. The new programs have been developed based on timing, necessity, market demand, and the opportunities presented. By casting a wider net for the entrepreneurs we support, securing additional funding, and expanding our network partners, Brinc will spend 2023 and beyond accelerating even more game changers, ultimately helping more people and the planet."
A maximum of 10 applicants will be accepted for each program, and submissions close on December 30, 2022. Startups looking to catalyze their success by knowing the right people, learning the right lessons, and getting the right funding should pick the accelerator that suits them and apply now.
About Brinc
Headquartered in Hong Kong, Brinc is a leader in global venture acceleration and has operated over 18 multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on blockchain technology, artificial intelligence, connected hardware, robotics, climate tech, clean energy, and food technology, and Internet of Things (IoT), all within a sustainability mandate.
Brinc has a portfolio of 200+ companies with founders from over 35 countries. Brinc also supports corporations with investment services, distributed innovation strategies, sourcing of new startups and technologies, as well as venture-building Web3-enabled businesses. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore) and leading venture funds (Artesian, LeverVC, Tamkeen, EDB) have all run programs with Brinc. In 2021, Brinc announced a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities.
Learn more about Brinc
Press Contacts:
Brinc global contact: press@brinc.io
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SOURCE Brinc | https://www.ktre.com/prnewswire/2022/11/17/brinc-unveils-new-accelerator-programs-spring-2023/ | 2022-11-17T10:59:31 | en | 0.911582 |
IAQS-Patkar Varde College collaborates with global professional services firm Marsh McLennan, To Offer Mentorship via paid internships to Students
With a mission to guide students towards a brighter future, Patkar-Varde College in association with the Institute of Actuarial and Quantitative Studies (IAQS) has joined hands with Marsh McLennan to build a skilled workforce and advance research in actuarial, data science and risk management studies. Marsh McLennan a Fortune 500 company has selected 22 students from IAQS-Patkar Varde College for mentorship via paid internships. Marsh McLennan is headquartered in New York City and has businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.
- Country:
- India
New Delhi [India], November 17 (ANI/Mediawire): With a mission to guide students towards a brighter future, Patkar-Varde College in association with the Institute of Actuarial and Quantitative Studies (IAQS) has joined hands with Marsh McLennan to build a skilled workforce and advance research in actuarial, data science and risk management studies. Marsh McLennan a Fortune 500 company has selected 22 students from IAQS-Patkar Varde College for mentorship via paid internships. Marsh McLennan is headquartered in New York City and has businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. By entering this educational partnership, Marsh McLennan has brought in the much-needed industry perspective in a largely research-based sector that is the actuarial and risk consulting services. The selected candidates would get wider access to various industry-based approaches that work at a global level. They can benefit from learning on the job, under experienced professionals, using their knowledge, and getting integrated seamlessly into the corporate world. The selected students can become job-ready professionals, with wider career opportunities and an understanding of how exactly the industry works at a global level.
"Marsh McLennan has always believed in people following their passion and developing their skills to best meet the needs of the clients. We appreciate the teaching techniques at IAQS and hope that this partnership will help the students to get the right exposure. They will have the opportunity to work with senior professionals across the world and get the right industry knowledge. We believe that for a change in the industry workforce, it's important to train not just individuals, but also institutions so they can provide quality training programs for their students." said Tanveer Quraishi, Head of Analytics at Marsh McLennan Global Services India Private Limited. IAQS and Patkar Varde College believe that this internship will provide pathways for the selected candidates to build expertise in risk consulting. "We are quite thrilled with this knowledge-sharing partnership. Not only do our students get a strong experience with Marsh McLennan, the world's leading professional services firm but also get to swim in a huge talent pool. They will get wider career opportunities and we get to enhance our brand image and recognition. The accreditation with IFoA and such industry partnerships will help our students to get holistic learning opportunities. As a new industry focused training approach, we want to partner with such professional services organisations in the risk management and finance space," said Akash Rughani, Program Director at IAQS.
Patkar Varde College in association with IAQS offers B.Sc. (Actuarial Science and Quantitative Finance) and M.Sc. (Actuarial Science), degrees and postgraduate programs respectively, recognized by the University of Mumbai. Along with being financially lucrative, it is also a rewarding and futuristic career option that will only hold more scope for growth in the future. Add in the exemplary mentorship from a global professional services firm, and you have a flourishing career to look forward to. If you are looking for more information, kindly contact +91 9372777615 / info@iaqs.in or visit iaqs.in. This story has been provided by Mediawire. ANI will not be responsible in any way for the content in this article. (ANI/Mediawire)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2255074-iaqs-patkar-varde-college-collaborates-with-global-professional-services-firm-marsh-mclennan-to-offer-mentorship-via-paid-internships-to-stude | 2022-11-17T10:59:38 | en | 0.944723 |
FACTBOX-What are FTX's investors saying?
Founded in 2019, FTX expanded rapidly and was valued at $32 billion in January 2022 during a fundraising exercise. Here's what investors in FTX are saying now: SOFTBANK The total investment of SoftBank Group Corp's Vision Fund in the U.S. and international operations of FTX is less than $100 million, a source close to SoftBank said on Friday.
FTX, formerly one of the world's largest crypto exchanges, is seeking new funding after a rush of customer withdrawals left it on the brink of collapse.
Regulators froze some assets of the digital currency exchange and industry peers are trying to limit losses, while former FTX Chief Executive Sam Bankman-Fried is coming under scrutiny. Founded in 2019, FTX expanded rapidly and was valued at $32 billion in January 2022 during a fundraising exercise.
Here's what investors in FTX are saying now: SOFTBANK
The total investment of SoftBank Group Corp's Vision Fund in the U.S. and international operations of FTX is less than $100 million, a source close to SoftBank said on Friday. SoftBank is marking down its FTX investments to zero, the source said. The complications at FTX are the latest difficulty for the Vision Fund, hit in recent quarters by a global tech rout.
SEQUOIA CAPITAL Sequoia Capital said on Wednesday it would mark down its total investments in FTX to $0.
On Twitter, Sequoia said its Global Growth Fund III invested $150 million in FTX.com and FTX US, which accounted for less than 3% of the fund's committed capital, while the Sequoia Capital Global Equities fund invested $63.5 million. "The fund remains in good shape," it said.
ONTARIO TEACHERS PENSION PLAN The Ontario Teachers Pension Plan (OTPP) said on Thursday it had invested a total of $95 million in FTX.
Any financial loss from the exposure will have limited impact on the pension plan, OTTP said. TEMASEK
Singapore's state investor Temasek Holdings said on Thursday it would write down the value of its full investment in collapsed cryptocurrency exchange FTX, irrespective of the outcome of its bankruptcy filing. Temasek said it invested a total of $275 million for a minority stake of about 1% in FTX International and about 1.5% in FTX U.S.
In a statement, Temasek said that during eight months of due diligence in 2021, it had reviewed "FTX's audited financial statement, which showed it to be profitable". Temasek did not have a board seat, it said. "It is apparent from this investment that perhaps our belief in the actions, judgment and leadership of Sam Bankman-Fried, formed from our interactions with him and views expressed in our discussions with others, would appear to have been misplaced," Temasek added.
CIRCLE Fintech company Circle CEO Jeremy Allaire said on Twitter on Wednesday, "Circle is a tiny equity holder of FTX, and FTX is a tiny equity holder of Circle."
PARADIGM Crypto investment giant Paradigm, which raised a $2.5 billion investment fund in November 2021, told investors in a letter that it had invested $278 million in FTX, or 3.2% of the firm's total assets.
"It is possible that other Paradigm portfolio companies could be impacted by these events, and we are actively partnering with founders to help," it said in the Nov. 9 letter. The firm has written the investment down to zero.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- SoftBank
- Circle
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CVS, Walmart, Walgreens agree to pay $13.8 bln to settle U.S. opioid claims - sources
U.S. FCC commissioner to visit Taiwan to discuss cybersecurity, telecoms | https://www.devdiscourse.com/article/business/2255075-factbox-what-are-ftxs-investors-saying | 2022-11-17T10:59:46 | en | 0.962081 |
GUANGZHOU, China, Nov. 17, 2022 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, before U.S. markets open on Tuesday, November 22, 2022.
CNFinance's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Tuesday, November 22, 2022 (9:00 PM Beijing/ Hong Kong Time on Tuesday, November 22, 2022).
Dial-in numbers for the live conference call are as follows:
A telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on November 29, 2022.
Dial-in numbers for the replay are as follows:
A live and archived webcast of the conference call will be available on the Investor Relations section of CNFinance's website at http://ir.cashchina.cn/.
About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China. CNFinance conducts business by collaborating with sales partners and trust company partners. Sales partners are responsible for recommending micro- and small-enterprise ("MSE") owners with financing needs to the Company and the Company introduces eligible borrowers to its trust company partners who will then conduct their own risk assessments and make credit decisions. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitated are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.
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SOURCE CNFinance Holdings Limited | https://www.ktre.com/prnewswire/2022/11/17/cnfinance-report-third-quarter-2022-financial-results-tuesday-november-22-2022/ | 2022-11-17T10:59:53 | en | 0.943071 |
US STOCKS-Futures slip as investors assess mixed economic data
Stronger-than-expected retail sales numbers on Wednesday raised concerns that continued strength in spending will keep the U.S. Federal Reserve on track to tighten monetary policy further, even as subsiding inflation gives the central bank room to scale back the size of its interest rate hikes. "Wall Street was rattled by a conflicting retail picture," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
- Country:
- United States
U.S. stock index futures edged lower on Thursday following mixed economic data this week, while chip designer Nvidia rose after reporting better-than-expected quarterly revenue.
Wall Street closed the previous session lower as a grim outlook from Target Corp sparked concerns about retailers heading into the crucial holiday season, while semiconductor shares slid 4.3% after Micron Technology Inc's supply cut. Shares of Nvidia Corp rose 2.2% in early premarket trading on Thursday after the company beat estimates for third-quarter revenue, helped by strong demand in its data center business.
Peers Advanced Micro Devices Inc and Intel Corp added 1.2% and 0.4%, respectively. Stronger-than-expected retail sales numbers on Wednesday raised concerns that continued strength in spending will keep the U.S. Federal Reserve on track to tighten monetary policy further, even as subsiding inflation gives the central bank room to scale back the size of its interest rate hikes.
"Wall Street was rattled by a conflicting retail picture," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. "Overall sales were stronger than expected showing consumer resilience had not been knocked by super-sized interest rate hikes aimed at pulling down the price spiral. This has added to expectations that higher rates will have to linger for a lot longer to make a difference."
J.P.Morgan economists predict a "mild recession" in the back half of next year given expectations for the Fed to tighten monetary policy further in its battle against inflation. At 04:39 a.m. ET, Dow e-minis were down 41 points, or 0.12%, S&P 500 e-minis were down 4.75 points, or 0.12%, and Nasdaq 100 e-minis were down 8.75 points, or 0.07%.
Megacap growth and tech companies such as Tesla Inc added 0.4%, while Amazon.com Inc was subdued in early trading before the bell. U.S.-listed shares of NetEase Inc fell 4% after Blizzard Entertainment said it will no longer offer games such as "World of Warcraft" and "Hearthstone" in China from next year.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Hargreaves Lansdown
- China
- U.S.
- Amazon.com Inc
- Intel Corp
- Tesla Inc
- Nvidia Corp
- Nvidia
- Susannah | https://www.devdiscourse.com/article/business/2255077-us-stocks-futures-slip-as-investors-assess-mixed-economic-data | 2022-11-17T10:59:54 | en | 0.961805 |
Tea exports rise 14.8 pc to 140.28 mkgs in Jan-Aug period this year
- Country:
- India
Exports of tea from India increased by 14.8 per cent to 140.28 million kilograms in the first eight months of the 2022 calendar year, according to Tea Board data.
Tea shipments during the January-August period in 2021 stood at 122.18 million kilograms (mkgs).
The CIS countries, including Russia, Ukraine and Kazakhstan, remained the largest importer of Indian tea with 30.56 mkgs in the first eight months of 2022, marginally higher than 29.13 mkgs shipped out to these nations in the year-ago period, the data said.
Sources in the industry said that tea exports did not pick up substantially due to "shipping and container costs which skyrocketed due to the war" between Russia and Ukraine.
After the CIS countries, UAE was the second largest importer at 23.84 mkgs, a rise of 157 per cent from 9.27 mkgs in the similar period in 2021.
Owing to economic sanctions imposed by the US on Iran, tea shipments to the west Asian country also failed to increase in the first eight months of 2022. Exports to that country marginally increased to 16.40 mkgs in the January-August period as compared to 16.06 mkgs in the corresponding period last year.
According to industry sources, UAE holds the potential of becoming a large importer of Indian tea as it prefers the orthodox variety as compared to CTC.
In value terms, Indian tea exports stood at Rs 3,837.28 crore in the first eight months of the 2022 calendar year as against Rs 3,353.35 crore in the same period last year.
Shipments to China, the largest tea-producing and drinking nation, marginally declined to 3.55 mkgs from January to August this year from 4.05 mkgs in the first eight months of 2021.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- India
- west Asian
- Ukraine
- China
- January-
- Indian
- Tea Board
- Iran
- Russia
- Kazakhstan
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At this time of global economic uncertainty, the whole world is confident that Indian economy's fundamentals are strong: PM Narendra Modi. | https://www.devdiscourse.com/article/business/2255082-tea-exports-rise-148-pc-to-14028-mkgs-in-jan-aug-period-this-year | 2022-11-17T10:59:58 | en | 0.93891 |
JAKARTA, Nov. 17, 2022 /PRNewswire/ -- Chinese President Xi Jinping arrived in Bali, Indonesia for the Group of 20 (G20) summit on Monday after which he addressed the summit on Tuesday, saying that faced with challenges, all countries should embrace the vision of a community with a shared future for mankind, and advocate peace, development and win-win cooperation.
This is not the first time that the president has spoken in Indonesia about international cooperation.
In a speech to Indonesian parliament on October 3, 2013, Xi said that in order to build a new "Maritime Silk Road," China will strengthen maritime cooperation with ASEAN countries " to make good use of the China-ASEAN Maritime Cooperation Fund set up by the Chinese government."
The Silk Road Economic Belt and the 21st-Century Maritime Silk Road initiative (BRI) that Xi proposed aims to create a trade and infrastructure network that connects Asia with Europe and Africa along ancient trade routes both over land and sea.
The history and culture of the Maritime Silk Road has long captured the imagination of the public in China, leading to the establishment of related museums, such as the Maritime Silk Road Museum in South China's Guangdong Province.
Ancient glory
Thousands of years ago, China and other countries were connected by the ancient Maritime Silk Road that got its start during the Eastern Zhou Dynasty (770BC-256BC), matured during the Han Dynasty (206BC-AD220) and flourished during the Tang Dynasty (618-907). Seen as the world's most ancient maritime route, the Maritime Silk Road was one of the most important sea passages for trade and cultural exchanges between China and foreign countries in ancient times.
Between China and Indonesia, the ancient Maritime Silk Road has played a great role in trade and cultural exchanges. Since the Tang Dynasty, China saw great progress in trade, shipbuilding and the maritime industry. The development of active overseas exchanges allowed trade relations between China and other nations in the region around what is today Indonesia flourish.
Indonesia's special location and numerous islands made it an important transit point along the Maritime Silk Road and distribution center for goods from China and other regions including Europe, South Asia and West Asia.
In the Ming Dynasty (1368-1644), Chinese mariner, explorer and diplomat Zheng He was commissioned by the Yongle Emperor to command seven expeditionary voyages, which ended up traveling to Southeast Asia, South Asia, West Asia and East Africa from 1405 to 1433.
Zheng's voyages enhanced official trade and communication between the Ming and the governments of other countries became more frequent. According to historical records, ancient kingdoms in Indonesia sent their envoys to present gifts to China more than 50 times during the Ming Dynasty.
Throughout the history of the Maritime Silk Road, Indonesia has always been "the only way that must be passed" along this sea route, Wang Jianxin, the first scholar in China to conduct overseas Silk Road research, told the Global Times.
By passing by this significant transfer point, Chinese traders planted the seeds for China's cultural presence in the Southeast Asian country.
"Especially the descendants of immigrants, many of them have a Chinese cultural background, especially Southern Chinese, who moved to Indonesia centuries ago."
In the eyes of Chinese cultural researcher Xiao Shuming, such an early cultural transformation along the Maritime Silk Road paved the way for contemporary China and Indonesia to understand each other.
"Because of the ancient Maritime Silk Road, Indonesia is now the home to the largest number of overseas Chinese. But this isn't just a number, when people migrate, their lifestyles, traditions and beliefs migrate too," Xiao said.
BRI creates more opportunities
Based on the centuries of exchanges between the two nations through the Maritime Silk Road, cooperation between China and Indonesia has only increased and deepened today. As two important BRI countries, cooperation between Indonesia and China has been upgraded in the areas of politics, economics, culture and education, far beyond the simple exchange of light commodities in ancient times.
According to experts, relations between China and Indonesia are becoming more closely aligned and as trade between the two countries rises, so too do exchanges of culture.
This deepening cooperation has also brought an increasing demand for language talents, which has inspired young people from both nations to seek out more opportunities for cultural communication, experts noted.
Take current Silk Road e-commerce platforms as an example. In Indonesia, which has a huge number of millennials, around 63.5 million, there is a huge demand for e-commerce.
"The establishment of Silk Road e-commerce platforms has provided more opportunities for cooperation between citizens in the two countries, especially among young customers," Indonesian sinologist Novi Basuki told the Global Times.
The publics have been benefiting from China-Indonesia collaboration under the 21st Century Maritime Silk Road Initiative in recent years, Paulus Rudolf Yuniarto, a researcher from the Research Center for Area Studies, told the Global Times.
"Infrastructure investments made through the initiative, such as roads and seaports, directly benefit them by increasing their income, while investments by Chinese smartphone firms into technological infrastructure and e-commerce in Indonesia help employ many people," the researcher said.
Experts are optimistic about the future development of the 21st Maritime Silk Road. Yuniarto noted that the initiative indicates a development trend in economic, social and cultural fields. Chinese investment through the Belt and Road Initiative in Indonesia can reach a new level, as can bilateral relations based on equality, harmony, and mutual benefit.
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SOURCE Global Times | https://www.ktre.com/prnewswire/2022/11/17/global-times-past-present-maritime-silk-road-key-china-indonesia-ties-international-trade/ | 2022-11-17T11:00:00 | en | 0.953791 |
Technological advances, falling prices for renewable energy, and continued developments in energy storage have brought decentralized energy solutions into the mainstream
BOULDER, Colo., Nov. 17, 2022 /PRNewswire/ -- As of 2020, nearly 733 million people in the world were living without access to electricity, according to the consensus opinion of the International Energy Agency, the International Renewable Energy Agency, the United Nations Department of Economic and Social Affairs, the World Health Organization, and the World Bank. A new report from Guidehouse Insights explores annual deployments of energy access microgrid projects.
Microgrids offer energy to those who lack access to the traditional grid because they live in remote or underserved areas. According to a new report from Guidehouse Insights, Asia Pacific and Middle East & Africa currently lead the energy access microgrids market and are expected to continue leading the energy access across microgrids market through 2031. Revenue from microgrid investments in Asia Pacific will likely reach $7.7 billion by 2031, and microgrid revenue in Middle East & Africa is expected to reach $8.9 billion by 2031.
"One of the 17 critical Sustainable Developments Goals (SDG) adopted by the United Nations, is ensuring basic energy access for 100% of the global population by 2030 (SDG 7). Based on the current rate of progress, that goal will fall short by 670 million people, who will still be barred from participation in the global economy," says Rohith Unni, research analyst with Guidehouse Insights. "Novel energy management systems, innovative remote monitoring capabilities, and advances in smart meter and energy storage technologies have made microgrids the ideal solution for connecting underserved populations, cost effectively and sustainably."
Technological advances, falling prices for renewable energy (RE), and continued developments in energy storage have brought decentralized energy solutions, such as microgrids, into the mainstream, and offer potential for bringing socioeconomic progress to those who have not been connected to the traditional grid, according to the report.
The report, Market Data: Microgrids for Energy Access in Emerging Markets, provides global analyses for annual deployments of energy access microgrid projects in terms of power capacity (MW) and project deployment spending ($ Millions). These analyses, which cover the 10-year period from 2022-2031, are segmented by region, application segments and business models. An executive summary of the report is available for free download on the Guidehouse Insights website.
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 15,000 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Microgrids for Energy Access in Emerging Markets, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse
+1.646.941.9139
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights | https://www.ktre.com/prnewswire/2022/11/17/guidehouse-insights-estimates-microgrid-investments-reach-8-billion-asia-pacific-9-billion-middle-east-amp-africa-by-2031/ | 2022-11-17T11:00:07 | en | 0.910511 |
Retail brands partner with TeamLease Degree Apprenticeship to improve employability of workforce
- Country:
- India
TeamLease Degree Apprenticeship, formerly known as NETAP, has announced its partnership with leading retail brands to improve the employability of their workforce.
TeamLease Degree Apprenticeship has partnered with Infiniti Retail Limited (Croma), Metro Brands, Ferns & Petals and Pepe Jeans India to up-skill their apprentice workforce through TLDA’s Degree Apprenticeship Programme, a release said.
Through these partnerships, TLDA will train 6,500 apprentices, with both domain competencies and behavioral skill sets to prepare them for future job roles, it added.
''Under this programme, TeamLease will offer degree-linked apprentice programmes that will empower students to build new skills and receive additional credits whilst they earn a stipend,'' Dhriti Prasanna Mahanta, Business Head, TeamLease Degree Apprenticeship, said.
The Degree Apprenticeship programme has been curated in accordance with the guidelines of the New Education Policy, and will provide candidates with a combination of academic and work-based learning, Mahanta said.
The three-year BBA Retail embedded apprenticeship is open to 12th graduates and Diploma pass out students. The objective behind the partnership is to create skilled entry-level talent and address retention issues that organizations in the sector face.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/education/2255049-retail-brands-partner-with-teamlease-degree-apprenticeship-to-improve-employability-of-workforce | 2022-11-17T11:00:05 | en | 0.945223 |
Global children's contest launched on World Inventors Day to raise awareness of hearing loss and the benefits of treatment
INNSBRUCK, Austria, Nov. 17, 2022 /PRNewswire/ -- MED-EL, a leading provider and inventor of hearing implant systems, today launched its annual worldwide search for inventions of the future through a global children's contest, ideas4ears.
The contest invites children aged 6-12 years old from around the world to create an invention to improve the quality of life for people with hearing loss. Entries can be sent via a video, drawing, or sculpture, but the most important factor is for young people to think big and channel their ideas to support those who cannot hear.
The inspiration behind ideas4ears and the Head Judge of the contest is Geoffrey Ball. Geoffrey has an extraordinary life story, when he became deaf as a toddler, he then went on to invent a revolutionary middle ear implant to treat his own hearing loss.
"Inventing is often a process of elimination. In the case of the VIBRANT SOUNDBRIDGE, I had to build and test many devices that didn't work well enough or didn't work at all until I finally arrived at the design that was perfect. When I was inventing the components for the middle ear implant back at Stanford University, people would tell me 100 reasons why my invention wouldn't work, but I only needed one reason why it would." said Geoffrey Ball, Chief Technical Officer at MED-EL and inventor of the VIBRANT SOUNDBRIDGE middle ear implant.
As an accomplished inventor, with over 100 patent filings to his name and many medical device products developed, Geoffrey has used his life experiences to act as a source of encouragement to the young ideas4ears inventors, many of whom are users of hearing implants themselves.
"To all the children out there who have hearing loss and want to find a better solution for themselves, I say never give up inventing, believe in yourself, keep trying, go for your dreams, and as Winston Churchill said never give up, never, never!" Geoffrey said.
The ideas4ears contest celebrates children's creativity and aims to improve understanding of the challenges associated with hearing loss as well as the benefits of treatment. Parents interested should visit www.ideas4ears.org/enter to submit their child's entry. The closing date for entries is midnight on 17 January 2023.
Win fabulous prizes! There's a chance to win a trip to Innsbruck, Austria and some fabulous prize packs.
All ideas are welcome; the only criteria are that the inventions need to have the potential to help improve the lives of people with hearing loss at any age. Follow the ideas4ears Facebook page to be kept up to date on the contest.
About MED-EL
MED-EL Medical Electronics, a leader in implantable hearing solutions, is driven by a mission to overcome hearing loss as a barrier to communication and quality of life. The Austrian-based, privately owned business was co-founded by industry pioneers Ingeborg and Erwin Hochmair, whose ground-breaking research led to the development of the world's first micro-electronic multi-channel cochlear implant (CI), which was successfully implanted in 1977 and was the basis for what is known as the modern CI today. This laid the foundation for the successful growth of the company in 1990, when they hired their first employees. To date, MED-EL has more than 2,400 employees from around 80 nations and 30 locations worldwide.
The company offers the widest range of implantable and non-implantable solutions to treat all types of hearing loss, enabling people in 134 countries enjoy the gift of hearing with the help of a MED-EL device. MED-EL's hearing solutions include cochlear and middle ear implant systems, a combined electric acoustic stimulation hearing implant system, auditory brainstem implants as well as surgical and non-surgical bone conduction devices. www.medel.com
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Logo - https://mma.prnewswire.com/media/1860202/MED_EL_Logo.jpg
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SOURCE MED-EL | https://www.ktre.com/prnewswire/2022/11/17/med-el-presents-ideas4ears-calls-child-inventors-aim-high-people-living-with-hearing-loss/ | 2022-11-17T11:00:09 | en | 0.960777 |
WASHINGTON, Nov. 17, 2022 /PRNewswire/ -- An international group of leading steel manufacturers today announced the formation of a coalition to urge the United States and European Union to adopt a global emission standard that incentivizes steelmakers to use the cleanest steel production process available.
The new coalition – the Global Steel Climate Council (GSCC) – supports a global standard that accelerates the transition to low-emission steel and recognizes the potential of the recycled, circular steel model to reduce carbon emissions.
The United States and European Union are negotiating a new emissions standard for steel production. The GSCC asserts that any agreement should focus on the amount of emissions generated, not on how steel is made. The majority of the world's steel production is extremely carbon-intensive because it primarily relies on mined and processed coal, iron ore and limestone. However, other steelmakers – including those producing over 70% of all U.S. and over 40% of all European manufactured steel today – use electric arc furnaces (EAFs) that principally input recycled scrap metal to produce steel, generating significantly lower carbon emissions.
"We have the technology to reduce carbon emissions in steel production by 70 percent today," said Leon Topalian, Chair, President & CEO of Nucor Corporation, a founding member of the Council. "The global industry needs to build on the innovation that has already led to cleaner steel production in the United States because the green and digital economies around the world are going to be built with steel, and the steel they are built with matters."
A "sliding scale" standard supported by high-emission steelmakers would set greenhouse gas emission standards ceilings up to nine times higher for extractive versus recycled products, penalizing EAF producers and permitting higher-emission steel to be erroneously labeled as "green." Under a sliding scale, two steel products could be classified as equally "green," even though one was produced by creating multiple times more carbon emissions than the other.
"Steel is essential for our economies, including the world's essential infrastructure. This new standard will accelerate the actual reduction of greenhouse gas emissions and provide key decisionmakers with accurate data to make informed decisions," said Mark D. Millett, Chairman, President, and CEO of Steel Dynamics, Chairman of the Steel Manufacturers Association, and a founding member of the Council.
"We must prevent steel producers from classifying their products as green when the same products are available on the market with significantly lower carbon emissions," said Francisco Cardona, Head of Public Affairs of CELSA Group, a leading European producer of low-emission circular steel and founding member of the Council.
The primary focus of the GSCC is to establish a standard, focusing on the following guiding principles:
- Reducing GHG emissions from the global steel industry.
- Establishing a standard that is technology/production method agnostic.
- Establishing a standard that has a system boundary that includes Scope 1, 2 and 3 emissions.
- Establishing a standard that aligns with a science-based glide path to achieve a 1.5 degree scenario by the year 2050.
- Providing relevant information on sustainable steelmaking to appropriate decisionmakers.
"The GSCC single standard will encourage all producers to reduce their carbon emissions and create a level playing field for all manufacturers. The U.S.-EU negotiations should not create a double standard and a slippery slope toward a dirtier environment. We can do better," said Philip K. Bell, President of the Steel Manufacturers Association and founding member of the Council.
About the Global Steel Climate Council
The Global Steel Climate Council, Inc. (GSCC) is a nonprofit association organized to advance climate strategy by sharing best practices, establishing standards and advocating for carbon emissions reductions by members of the steel industry.
The GSCC includes more than 20 members and supporters who are steel manufacturers, trade associations, end users, scrap metal suppliers and non-governmental organizations.
GSCC's specific purposes are to focus on reducing greenhouse gas emissions from the global steel industry by supporting reduction methods that are technology agnostic, have a system boundary that includes Scope 1, 2 and 3 emissions and align with a science-based glidepath to achieve a 1.5 degree Celsius scenario by 2050.
The founding members of the GSCC are: the Steel Manufacturers Association, Nucor Corporation, CELSA Group, Steel Dynamics, Inc., Commercial Metals Company and the Institute of Scrap Recycling Industries.
For more information, please visit https://GlobalSteelClimateCouncil.org
CONTACT: media@globalsteelclimatecouncil.org
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SOURCE Global Steel Climate Council | https://www.ktre.com/prnewswire/2022/11/17/new-steel-coalition-promotes-transparent-climate-focused-standard-measure-reduce-carbon-emissions/ | 2022-11-17T11:00:18 | en | 0.941415 |
Woman attacked by elephant on CRPF training college
- Country:
- India
A staff member of the Central Reserve Police Force (CRPF) got injured when a wild elephant attacked her by knocking her down at the CRPF training college near here on Thursday, said police.
Radhika Mohan, a personal assistant to a CRPF IG, was on a walk on the campus this morning when the attack took place, said the police. She sustained head injuries from the fall and was taken to hospital, they said.
On being informed, forest personnel arrived and drove the elephant back into the forest, they added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- CRPF
- Radhika Mohan
- Central Reserve Police Force
Advertisement | https://www.devdiscourse.com/article/education/2255058-woman-attacked-by-elephant-on-crpf-training-college | 2022-11-17T11:00:19 | en | 0.976438 |
LONDON, Nov. 17, 2022 /PRNewswire/ -- Omdia's latest Smartphone display market tracker indicates that LTPO-AMOLED for smartphones will grow by 94% year-on-year (YoY) by the end of 2022 and will maintain growth levels of 25% YoY in 2023 in sluggish smartphone display market.
In 2022, Smartphone display demand is decreasing to 1,425 million that fall by 18% YoY due to the reaction to the excessive procurement of display in 2021 in anticipation of a post-COVID-19 market recovery, and the cooling of consumption in global inflation.
In the smartphone display market, Low-Temperature-Polycrystalline-Oxide AMOLED with Flexible substrate (LTPO-AMOLED (Flexible) is expected significantly increase to 148 million, grow 94% YoY in 2022 while total (Rigid & Flexible substrate) Low-Temperature-Polycrystalline-Silicon (LTPS) AMOLED to decline to 440 million (down 19% YoY) and total TFT LCD to decline 836 million (down 26% YoY).
According to Hiroshi Hayase, Research Manager in Omdia's Display research practice, "Strong demand for the iPhone14 Pro-series, which uses low-power consumption LTPO-AMOLED and offers added value of longer battery life and Always-On-Display, contribute to the significant growth of LTPO-AMOLED shipments."
The growth in shipments of LTPO-AMOLED, which is highly difficult for mass-production technology, has slightly widened the gap between technical-leading Korean makers and chasing Chinese makers. In terms of overall smartphone display revenue in 2021 and 2022, Samsung ranked first, BOE second, and LG Display third. The revenue share of total Korean makers is expected to increase from 58% in 2021 to 64% in 2022, while the share of total Chinese makers is expected to widen from 33% in 2021 to 29% in 2022.
The smartphone display market is expected to increase slightly to 1,462 million (grow 3% YoY) in 2023. Total TFT LCD shipment levels at 816 million (down 2% YoY) and total LTPS-AMOLED is expected to increase to 460 million (grow 4% YoY), while only LTPO-AMOLED is expected to enjoy shipment growth of 186 million and 25% growth YoY.
"Because of the tough economic situation, consumers are choosing high-value products carefully. The value of low-power consumption by LTPO-AMOLED brings to smartphones will continue to drive demand in the smartphone display market across 2023" concludes Hiroshi Hayase.
Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions. Fasiha Khan / T: +44 7503 666806 / E: Fasiha.khan@informa.com / W: www.omdia.com
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SOURCE Omdia | https://www.ktre.com/prnewswire/2022/11/17/omdia-ltpo-amoled-dominate-growth-sluggish-smartphone-display-market/ | 2022-11-17T11:00:24 | en | 0.897201 |
AMU student injured after friendly cricket match turns violent
- Country:
- India
A minor tiff during a cricket match turned violent and a student of Aligarh Muslim University (AMU) got injured allegedly after being hit on the head, a varsity official said.
Sajid Husain, a native of Jammu and Kashmir, was rushed to the Jawaharlal Nehru Medical College in an unconscious state, he said. Husain is in ICU and his condition is said to be serious, AMU spokesperson Omar Peerzada told PTI.
According to the spokesperson, Husain and Shobhit Singh, who had allegedly hit him with a cricket bat, are second-year students of AMU’s Zakir Husain College of Engineering and Technology.
A large group of students blocked the campus' centenary gate following the incident on Wednesday evening, he said.
The students demanded immediate rustication of the attacker, according to a senior university official.
Peerzada said immediately after the clash, Singh was escorted out from the hostel and later handed over to the police.
A case under section 307 (attempt to murder) of the Indian Penal Code has been registered at the Civil Lines police station, officials said. The students of the technical college boycotted classes in protest.
According to the AMU Proctor Syed Waseem Ali, the centenary gate has been reopened after the students were persuaded to withdraw their blockade and were assured that strong action will be taken against anyone found guilty after the due process of investigation is carried out.
Singh has been suspended with immediate effect and the university campus has been declared out of bounds for him, pending further inquiry, he said.
Police patrolling at the entry points at the AMU campus has been intensified as a precautionary measure, he said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/education/2255090-amu-student-injured-after-friendly-cricket-match-turns-violent | 2022-11-17T11:00:28 | en | 0.980846 |
Consumers From around the World Flock to the Event
GUANGZHOU, China, Nov. 17, 2022 /PRNewswire/ -- At the 132nd Canton Fair, more than 800 quality makers gathered in the Sports, Travel, and Leisure Products section, displaying a wide range of high-end sporting goods to buyers and consumers from around the world, encouraging them to take part in the fun and excitement of sports.
As one of the highlights of the 132nd Canton Fair, the Sports, Travel and Leisure Products section brought together more than 60,000 exhibits under one roof. With the mission of satisfying expectations among consumers worldwide for sports and fitness, the section attracted a great number of buyers for business inquiries.
Among the leading exhibitors, Xianning Chang Rong Sport Products Co., Ltd., a ball sports equipment and accessories maker, displayed a variety of soccer, basketball and volleyballs. The ball manufacturer's product lineup complies with IMS, FIFA, and FIVB standards and is widely used in league-level games and training. The firm has partnered with many top international sporting goods stores and brands, including GO Sport, NIKE, and Sport City, with their products having been well received by buyers from the United States, France, Britain, Belgium and Japan, among other countries and regions.
Nantong Winner Sports Goods Co., Ltd., one of the designated manufacturers of the 29th Olympic Games Organizing Committee's licensed products, participated in the Canton Fair, with a lineup of more than 60 kinds of sports entertainment options featuring new materials and technologies. The company focuses on R&D and green products, boasting a number of patents. Its new patented polymer sports ball liner, with world-beating performance parameters in terms of pressure resistance, air tightness, and elasticity, is fully recyclable. The liner has been put into production for application, delivering a superior experience to sports fans the world over.
Hangzhou Green Sport Manufactory Co., Ltd., has been designing and producing outdoor leisure sporting goods for decades, and has become one of the leading makers in the industry. It is known for product quality and innovative designs that bring excitement to sports enthusiasts worldwide.
The well-established reputation of the Canton Fair will translate into new and enhanced recognition from consumers worldwide across a wide range of industries. To learn more about the Canton Fair, please register at
https://www.cantonfair.org.cn/en-US/register/index?utm_source=rwyx#/foreign-email or contact caiyiyi@cantonfair.org.cn
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SOURCE Canton Fair | https://www.ktre.com/prnewswire/2022/11/17/sporting-goods-132nd-canton-fair-surge-popularity/ | 2022-11-17T11:00:35 | en | 0.933218 |
Music festival to celebrate 30 years of ASEAN-India diplomatic relations
A total of 15 music bands, including singers Papon and composer duo Vishal and Sheykhar, will perform here during the second edition of ASEAN India Music Festival here.
- Country:
- India
A total of 15 music bands, including singers Papon and composer duo Vishal and Sheykhar, will perform here during the second edition of ASEAN India Music Festival here. The three-day festival, to begin at the iconic Purana Qila from Friday, is touted to be the celebration of the 30 years of diplomatic relations between India and the Association of Southeast Asian Nations (ASEAN), marking 2022 as ASEAN-India Friendship Year. Organised by the Ministry of External Affairs and cultural organisation Seher, the event will host ASEAN countries including Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
''The festival provides a platform for the artists to initiate a deeper understanding of the values and traditions of ASEAN and India, as music transcends boundaries and unites people from diverse regions,'' said Sanjeev Bhargava, founder director of Seher, in a statement. The music gala will host live performances by Tri Minh's Quartet from Vietnam, Instamuzika from Malaysia, RizerXSuffer from Cambodia, Empty Wallet from Brunei Darussalam and Linying Band of Singapore, among others.
Other featured performers include Bayang Barrios from the Philippines, Riau Rhythm from Indonesia, MRTV modern music band from Myanmar, and Raghav Meattle and Jonita Gandhi from India.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2254979-music-festival-to-celebrate-30-years-of-asean-india-diplomatic-relations | 2022-11-17T11:00:38 | en | 0.919512 |
Pan Nalin's 'Chhello Show' to hit US screens on December 2
- Country:
- United States
''Chello Show'', India's official entry for the 95th Academy Awards, will be released in the US theatres on December 2.
The Gujarati language film, titled ''Last Film Show'' in English, will be distributed in the country by Samuel Goldwyn Films. It is a semi-biographical coming-of-age drama written and directed by Pan Nalin.
Nalin, known for acclaimed films such as ''Samsara'' and ''Angry Indian Goddesses'', took to Instagram on Wednesday night to share the release announcement.
''USA Theatrical Release 2nd Dec 2022. Samuel Goldwyn Films brings Last Film Show - India's Official Selection for Best International Feature at the 95th Oscars to cinemas near you,'' the filmmaker wrote.
''Chhello Show'', a film about a young boy called Samay (Bhavin Rabari)'s romance with cinema in a village in Gujarat's Kathiawar region, was released in India on October 14.
It is produced by Roy Kapur Films, Jugaad Motion Pictures, Monsoon Films and Chhello Show LLP.
The film is set to have a special screening at the upcoming edition of the International Film Festival of India (IFFI), scheduled to take place from November 20 to 28 at Panaji in Goa.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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HarperCollins India Releases Anubhav Agrawal's latest, Mindf**ked: When It's 4 a.m. and You Can't Stop Overthinking (English Edition) | https://www.devdiscourse.com/article/entertainment/2255004-pan-nalins-chhello-show-to-hit-us-screens-on-december-2 | 2022-11-17T11:00:47 | en | 0.942337 |
SS&C GlobeOp Hedge Fund Performance Index: October performance -0.96%
Capital Movement Index: November net flows advance 0.13%
WINDSOR, Conn., Nov. 17, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2022 measured -0.96%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.13% in November.
"SS&C GlobeOp's Capital Movement Index was up 0.13% for November 2022, showing stabilization after outflows in October. However, the 12-month average has been up 0.07%, demonstrating the broad stagnation of flows which characterizes 2022," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "In the face of historical weakness across asset classes, hedge funds have generally been a steady port in the financial storm created by inflation and higher interest rates. The last two months of the year are historically strong seasonally, and this month's stabilization could be a positive sign for short-term flows."
SS&C GlobeOp Hedge Fund Performance Index
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias. Its inception date is January 1, 2006.
The SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds. It does not overstate exposure to, or the contribution of, any single strategy to aggregate hedge fund performance. Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25% to 30%. This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.
SS&C GlobeOp Capital Movement Index
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the SS&C GlobeOp platform.
Cumulatively, the SS&C GlobeOp Capital Movement Index for November 2022 stands at 131.65 points, an increase of 0.13 points over October 2022. The Index has declined 0.53 points over the past 12 months. The next publication date is December 13, 2022.
Published on the ninth business day of each month, the SS&C GlobeOp Capital Movement Index presents a timely and accurate view of investments in hedge funds on the SS&C GlobeOp administration platform. Data is based on actual subscriptions and redemptions independently calculated and confirmed from real capital movements, and published only a few business days after they occur. Following the month of its release, the Index may be updated for capital movements that occurred after the fifth business day.
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp Capital Movement Index
SS&C GlobeOp Forward Redemption Indicator
About the SS&C GlobeOp Hedge Fund Index®
The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp. A unique set of indices by a hedge fund administrator, it offers clients, investors and the overall market a welcome transparency on liquidity, investor sentiment and performance. The Index is based on a significant platform of diverse and representative assets.
The SS&C GlobeOp Hedge Fund Index is available at www.sscglobeopindex.com or through a link on the homepage of www.sscglobeop.com. Alert and RSS subscriber options are available at www.sscglobeop.com. Index Twitter comments: #HFindex.
The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom SS&C GlobeOp provides administration services on the SS&C GlobeOp platform.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Flash estimate, interim and final values are provided, in each of three months respectively, following each business month-end.
While individual fund data is anonymized by aggregation, the SS&C GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that SS&C GlobeOp uses to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services are integrated into the index suite starting with the January 2017 reporting periods. SS&C GlobeOp's total assets under administration on the SS&C GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the Company's results announcement figures.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
SOURCE: GlobeOp SS&C
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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SOURCE SS&C | https://www.ktre.com/prnewswire/2022/11/17/ssampc-globeop-hedge-fund-performance-index-capital-movement-index/ | 2022-11-17T11:00:48 | en | 0.913323 |
The family-operated storage company, headquartered in Columbia, MO, acquired a self storage facility in Gypsum to expand Colorado portfolio.
GYPSUM, Colo., Nov. 17, 2022 /PRNewswire/ -- StorageMart continues to expand in Colorado with the newest acquisition of Friendly Self Storage at 360 Gilder Way in Gypsum, CO. This purchase includes 61,250 total net rentable square feet including 545 storage units and multiple parking spaces, with plans to expand the property. This facility will transition to operate under StorageMart management and branding in the coming days.
"This acquisition provides an opportunity for growth in an existing market that we believe is ripe with upside. Our current Colorado portfolio has performed well over the years, and we believe this 4th addition to the larger area will fit in perfectly." Alex Burnam, Director of Acquisitions.
The newly acquired property will be updated to meet StorageMart security standards – including a new OpenTech Gate. The site will also receive general renovations to ensure it is aligned with the StorageMart promise of easy, clean service.
About StorageMart: Dedicated to providing clean, well-lit storage units, and friendly customer service, StorageMart is the largest family operated self storage company in the world and has been led by the Burnam family for four generations. Through the "Store it Forward'' charitable giving program, StorageMart gives back to the many communities it calls home. Find out more at https://www.storage-mart.com.
Contact: Sarah Little
573.449.0091
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SOURCE StorageMart | https://www.ktre.com/prnewswire/2022/11/17/storagemart-continues-expansion-into-gypsum-colorado-with-newest-acquisition/ | 2022-11-17T11:00:55 | en | 0.930679 |
Artist Paresh Maity exhibits lifetime of romance with boats, Benaras and play of light
I always feel that the boat has a life, the Padma Shri award winner said.Maity talked about his relation with arts, cities that inspired him to paint and how he looks at light, a prominent play in his paintings.Be it Italys Venice or the spiritual ghats of Varanasi, he finds inspiration in these cities on water.
- Country:
- India
Blurred by the morning mist, the mountains stand grand on the horizon while fishing boats sit afloat in rippling river water in the foreground. Artist Paresh Maity’s inimitable landscapes in watercolour are long-drawn prose that hold one’s gaze in a trance.
After a lifetime spent in front of nature and behind canvas, painting a great spectrum of subjects, it is the dinghy boats of his childhood on the banks of the Hooghly in Tamluk, West Bengal, that the 57-year-old artist keeps going back to. “Growing up in a town near the sea, it was my first inspiration to draw a boat,” Maity, whose paintings are being exhibited at Bikaner House here, told PTI.
Organised by Art Alive Gallery in Delhi, the retrospective art exhibition, “Infinite Light”, showcases 150 artworks, including paintings, drawings, sculptures, ceramics and films. In the next five months, about 450 pieces of art will be shown in Mumbai, Kolkata and Bengaluru.
Over the nearly four decades of his career, it is the image of a boat, steeped in nostalgia, that has stayed with Maity, manifesting itself in most of his creations - some times upfront, at others tucked away in a corner.
“The boat strikes me as a symbol of life. You have to remember before any other vehicles, we had these wooden vehicles. A boat is always there. Even when it is stationary, anchored, it has a movement. I always feel that the boat has a life,” the Padma Shri award winner said.
Maity talked about his relation with arts, cities that inspired him to paint and how he looks at light, a prominent play in his paintings.
Be it Italy’s Venice or the spiritual ghats of Varanasi, he finds inspiration in these cities on water. A large section of the show has been dedicated to the latter while a few grand watercolour paintings point at his romance with the former.
“I painted this waterfront at the San Marco Square in Venice. I have been to Venice 27 times since 1993. I have been painting this city all these years. Venice is the most romantic, energetic and chaotic place for any artist, photographer, writer,” he said standing in front of the painting titled “Lagoon”.
The painting shows a number of boats, some moored and some midstream, in the foreground of the famous Piazza San Marco as different hues of light played in the sky filled with scattered clouds.
“This place has magic,” Maity said dreamily, almost in a whisper.
Having dedicated an entire floor to his paintings and drawings of Varanasi, the painter proudly admits to having travelled to the holy city “hundreds of times” in the last 37 years.
His love for the city is evident with a 45-feet painting titled “Nirvana”, the largest at the exhibition, of Varanasi as the city celebrates the famous Dev Deepawali.
Earthen lamps lighting up the steps of the many ghats, temples dipped in a crimson hue in one corner and a solitary boat in another lay out Varanasi in all its mellow splendour. The continuous soundtrack, which fills the large room with the sound of temple bells and a mellow flute playing over the waves crashing on the ghats, completes the quintessential picture of Varanasi.
Talking about the spirituality of the place and his practice, Maity said art in essence is uplifting and enlightening.
“Art is very spiritual. It is very deep, that’s why it enlightens the lives of people. It uplifts. It has to be deep rooted, spiritual, and come from the core of your heart. What you see is absorbed and it comes out of your heart, and the hand is just a tool,” he said.
Maity, who considers English painter JMW Turner his role model, plays with the concept of light in his paintings and brings to canvas hues of late evenings and early mornings with equal depth.
While his painting “Alpenglow” features the optical phenomenon of the same name that generally appears as a reddish glow on the mountains after sunset and before sunrise, “Island” showcases a fishing village, where a shallow layer of fog lingers above the water surface, as a watch tower is illuminated by the light of the rising sun.
“The light is an essential part in anything and everything. Light is life, without light there is nothing in this world,” the master painter said.
The exhibition also features his sculptures including the “Golden Shower” fashioned after the Amaltas tree, “Sangam” depicting the confluence of a woman, man and a child in the same structure, “The Pair” showing the duality of the universe, and “Urbanscape”, modelled after a jackfruit, depicting the urban life.
Curated by poet Ranjit Hoskote, the show started on November 5 and ends on November 18 at Bikaner House, November 12-25 at India Habitat Centre, and from December 1 to January 10 at Art Alive Gallery.
Mumbai-based Art Musings will showcase Maity’s works from December 3. The Centre of International Modern Art (CIMA) in Kolkata will feature it from December 12, and the Gallery Sumukha will exhibit the works from February 4.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/entertainment/2255005-artist-paresh-maity-exhibits-lifetime-of-romance-with-boats-benaras-and-play-of-light | 2022-11-17T11:00:55 | en | 0.977462 |
BEIJING, Nov. 17, 2022 /PRNewswire/ -- Tarena International, Inc. (NASDAQ: TEDU) ("Tarena" or the "Company"), a leading provider of IT professional education and IT-focused supplementary STEAM education services in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2022, after the U.S. market closes on November 29, 2022. Tarena's management will host an earnings conference call and live webcast at 8:00 a.m. on November 30, 2022, U.S. Eastern Time (9:00 p.m. on November 30, 2022, Beijing Time). Participants can join the conference using the below options:
Dialing-in to the conference call:
Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique registrant ID.
Conference call registration link: https://s1.c-conf.com/diamondpass/10027068-518l2f.html. It will automatically direct you to the registration page of "Tarena's Third Quarter 2022 Earnings Conference Call " where you may fill in your details for RSVP. If it requires you to enter a participant conference ID, please enter "10027068".
In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s), direct event passcode and registrant ID) provided in the confirmation email received at the point of registering.
Joining the conference call via a live webcast:
Additionally, a live and archived webcast of the conference call will be available at https://ir.tedu.cn/.
About Tarena International, Inc.
Tarena is a leading provider of IT professional education and IT-focused supplementary STEAM education services in China. Through its innovative education platform combining live distance instruction, classroom-based tutoring and online learning modules, Tarena offers adult professional education courses in IT and non-IT subjects. Its adult professional education courses provide students with practical skills to prepare them for jobs in industries with significant growth potential and strong hiring demand. Tarena also offers IT-focused supplementary STEAM education programs, including computer coding and robotics programming courses, etc., targeting students aged between three and eighteen. Aiming to encourage "code to learn," Tarena embraces the latest trends in STEAM education and technology to develop children's logical thinking and learning abilities while allowing them to discover their interests and potential.
For further information, please contact:
Investor Relations Contact:
Tarena International, Inc.
Investor Relations
E-mail: ir@tedu.cn
The Piacente Group, Inc.
In China
Yang Song
Tel: +86-10-6508-0677
E-mail: tedu@tpg-ir.com
In the U.S.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: tedu@tpg-ir.com
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SOURCE Tarena International, Inc. | https://www.ktre.com/prnewswire/2022/11/17/tarena-report-third-quarter-2022-financial-results-november-29-2022/ | 2022-11-17T11:01:03 | en | 0.883785 |
Culture clash? Conservative Qatar preps for World Cup party
- Country:
- Qatar
On the Instagram accounts of fashion models and superstars last month, the sheikhdom of Qatar looked like one glittering party.
High-heeled designers descended on exhibition openings and fashion shows in downtown Doha. Celebrities, including a prominent gay rights campaigner, snapped selfies on a pulsing dance floor. "As-salaam 'alykum Doha!" Dutch model Marpessa Hennink proclaimed on Instagram, using the traditional Muslim salutation.
The backlash was swift. Qataris went online to vent their anger about what they called a dangerous and depraved revelry, saying it threatened Qatar's traditional values ahead of the 2022 FIFA World Cup. The Arabic hashtag, Stop the Destruction of Our Values, trended for days.
The episode underscores the tensions tearing at Qatar, a conservative Muslim emirate that restricts alcohol, bans drugs and suppresses free speech, as it prepares to welcome possibly rowdy crowds for the first World Cup in the Middle East.
"Our religion and customs prohibit indecent clothing and behavior," Moheba Al Kheer, a Qatari citizen, said of the avant-garde artists and flamboyant models who mingled with Qatari socialites in late October. "It's normal for us to worry when we see these kinds of people.'' World Cup organizers say everyone is welcome during the tournament. Already, foreigners outnumber citizens 10 to one in Qatar. Some Qataris are liberal and open to mixing with foreigners. Many are thrilled about the tournament. But human rights groups have raised concerns over how police will deal with foreign fans' violations of the Islamic laws criminalizing public drunkenness, sex outside of marriage and homosexuality.
Qatar, a tiny Persian Gulf country that once was a dust-blown pearling port, transformed at almost warp-speed into an ultra-modern hub following its 1990s natural gas boom. Expats, including Western consultants and engineers and low-paid South Asian construction workers and cleaners, poured into the country.
Glass-and-steel skyscrapers, luxury hotels and massive malls soon sprung up in the desert. In an effort to diversify away from a carbon-based economy, Qatar's ruling family bought up stakes in things ranging from global finance and technology to the French soccer club Paris Saint-Germain and London real estate. The ruling emir's sister, Sheikha Al Mayassa Hamad bin Khalifa Al Thani, became one of the world's most important art buyers. His mother, Sheikha Mozah bint Nasser Al-Missned, became a global style icon and bought several luxury brands, including Valentino.
But even as Qatar, among the world's wealthiest countries per capita, looked to the West for inspiration, it faced pressure from within to stay true to its Islamic heritage and Bedouin roots. Qatar's most powerful clan originates from the Arabian Peninsula's landlocked interior, where the ultraconservative form of Sunni Islam known as Wahhabism was born.
Qatari rulers treaded the tightrope between placating its conservative citizens and tribes and shoring up soft power as a major global player.
"Doha's religious discourse to its citizens is very different from its liberal discourse to the West," said 38-year-old Qatari Mohammed al-Kuwari. "It cannot always succeed at both.'' The glaring spotlight of the World Cup — which requires Qatar to relax access to alcohol, create fun outlets for fans and comply with FIFA rules promoting tolerance and inclusion — raises the stakes.
In years past, the World Cup has turned host countries into the world's biggest party, with joyous crowds drinking heavily and celebrating together. When emotions run high, fans can be euphoric — or rude and violent.
This will shake up quiet Qatar, where such behavior is deeply taboo and virtually unheard of. Doha is not known for its nightlife. Despite its rapid development over the years, its entertainment offerings remain slim and its public spaces limited. Some foreign fans fret about how Qatar will handle hordes of drunken hooligans in the streets, given the nation's public decency laws and strict limits on the purchase and consumption of alcohol. Swearing and making offensive gestures, dressing immodestly and kissing in public may normally lead to prosecution in Qatar. Anti-gay sentiment runs deep in society, like elsewhere in the Arab world. A senior security official has warned rainbow flags may be confiscated to protect fans from being attacked for promoting gay rights.
Fan anxiety is apparent in recent Reddit message boards: "How would the government know if someone is gay?" "How bad is it to wear short pants (Can I get arrested)?'' "Is it true that people who say negative things about Qatar on social media get arrested?'' At the same time, conservative Qataris fret about how much their society can bend to accommodate World Cup guests. Doha plans to throw giant electronic music festivals. Authorities say they'll turn a blind eye to offenses like public intoxication, intervening only in response to destruction of property and threats to public safety.
"I hope that the World Cup will not strip society of its religion, morals and customs," said a 28-year-old Qatari man who spoke on condition of anonymity for fear of reprisals.
He said he found comfort in a promise from the country's advisory Shura Council last month that authorities will ''ensure the building of a strong society that adheres to its religion'' and reject ''any excessive behavior'' that breaks local taboos.
But because the tournament fulfills the vision of the country's emir, Sheikh Tamim bin Hamad Al Thani, to develop the country, experts say the tiny population of Qataris have little choice but to accept whatever comes.
The emirate brooks no dissent. Qatar's oil and gas wealth has generated a social contract where citizens benefit from a cradle-to-grave welfare state and political rights come after state paternalism.
"If Qatar wants to be on the world map they have to adhere by global standards and values," said Andreas Krieg, an assistant professor of security studies at King's College London. "The government will stand its ground on certain issues, and the population will fall in line.'' Al-Kuwari, the citizen, was blunter.
"There is fear," he said. "If a citizen thinks to criticize, a (prison) sentence awaits him."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Palestinian driver rams Israeli soldier in West Bank, is shot dead
Palestinian shot dead in car-ramming attack at West Bank checkpoint | https://www.devdiscourse.com/article/entertainment/2255016-culture-clash-conservative-qatar-preps-for-world-cup-party | 2022-11-17T11:01:05 | en | 0.94428 |
SHANGHAI, Nov. 17, 2022 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company"), an established Internet company, today announced that it will hold its annual general meeting of shareholders ("AGM") at the Company's business office, 17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai 200080, People's Republic of China on December 19, 2022 at 2:00 p.m., Shanghai time, for the purpose of considering and, if thought fit, passing the proposed resolution sets forth in the notice of AGM. The board of directors of the Company fully supports the proposed resolution and recommends that shareholders and holders of the Company's American Depositary Shares ("ADSs") vote in favor of the resolution sets out in the notice of AGM.
The Board of Directors of the Company has fixed the close of business on November 18, 2022 as the record date (the "Record Date") for determining the shareholders entitled to receive the notice of, and to attend and vote at the AGM, or any adjournment or postponement thereof.
Holders of record of the Company's ordinary shares at the close of business on the Record Date (Shanghai time) are entitled to notice of, to attend and vote at the AGM, or any adjournment or postponement thereof. Beneficial owners of the Company's ADSs who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company's ADS program, The Bank of New York Mellon.
The notice and the form of proxy of the AGM are available on the Company's website at http://www.the9.com/en/agms.html. The Company has filed its annual report (the "Annual Report"), which includes the Company's audited financial statements for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission (the "SEC"). The Company's Annual Report can be accessed on the investor relations section of its website at http://www.the9.com, and on the SEC's website at http://www.sec.gov. Holders of the Company's ordinary shares or ADSs may obtain a copy of the Company's Annual Report, free of charge, by email to ir@corp.the9.com or by writing to:
The9 Limited
17 Floor,
No. 130, Wu Song Road,
Hong Kou District,
Shanghai 200080, PRC
About The9 Limited
The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company, and is engaged in blockchain business including the operation of cryptocurrency mining and a Non-Fungible Token platform NFTSTAR.
Website: https://www.the9.com/index.html?act=cur
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SOURCE The9 Limited | https://www.ktre.com/prnewswire/2022/11/17/the9-limited-hold-annual-general-meeting-december-19-2022/ | 2022-11-17T11:01:11 | en | 0.931219 |
Kartik Aaryan resumes 'Satyaprem Ki Katha' shoot
Kartik Aaryan who was recently seen attending award function, on Thursday, headed back to complete his 'Satyaprem Ki Katha' shoot. Kartik Aaryan shared pictures and updated his fans that he is 'back to shoot' in Rajkot.
- Country:
- India
Kartik Aaryan, on Thursday, headed to Rajkot for his upcoming film 'Satyaprem Ki Katha' shoot and shared travel pictures on social media. Taking to Instagram Story, the 'Bhool Bhulaiyaa 2' actor shared a series of pictures.
In the first picture, Kartik posed for a selfie while seating in a plane. He captioned the image, "Back to shoot now. #Normaltravelday." He was seen wearing a white sweatshirt. He posted a video of himself in a car while heading toward his shoot location.
Kartik came back to Mumbai to attend award functions, now he has resumed shooting for his upcoming romantic drama. 'Satyaprem Ki Katha' marks the second collaboration of Kartik and Kiara after their blockbuster hit horror comedy film 'Bhool Bhulaiyaa 2'.
Helmed by Sameer Vidhwans, and produced by Sajid Nadiadwala, the film is all set to hit the theatres on June 29, 2023.The film sparked controversy due to its title 'Satyanarayan Ki Katha', which translates to the story of Satyanarayan, which is another name for the Hindu god Vishnu. Last year, director Sameer Vidwans issued a statement to announce the change in title. The 'Luka Chuppi' actor also reposted the statement on his official Instagram account which said that the title will be changed to avoid hurting sentiments, even if that's purely unintentional.The title of the film is something that emerges organically through the creative process. We have taken a decision to change the title of our recently announced film 'Satyanarayan ki Katha' to avoid hurting sentiments, even if that's purely unintentional. Producers of the film and the creative team also are in complete support of this decision. We will be announcing a new title for our love story in due course of our journey. Sincerely, Sameer Vidwans," the statement read.
Apart from that, Kartik will be seen in 'Shehzada' opposite Kriti Sanon. The film is helmed by David Dhawan's son Rohit Dhawan and is slated to release on February 10, 2023. He will be sharing the screen space with Alaya F in 'Freddy'. Produced by Ekta Kapoor, the film is touted to be a romantic thriller. He also has Hansal Mehta's 'Captain India' in his kitty. Bankrolled by Ronnie Screwvala and Harman Baweja, the film revolves around India's most successful rescue operations from a war-torn country. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Kartik Aaryan introduces his obsession 'Kainaaz' in Freddy's new poster | https://www.devdiscourse.com/article/entertainment/2255022-kartik-aaryan-resumes-satyaprem-ki-katha-shoot | 2022-11-17T11:01:13 | en | 0.950548 |
Karthi-starrer 'Sardar' to have digital debut on AHA
- Country:
- India
''Sardar'', starring Karthi, will arrive on OTT platform AHA on Friday.
The Tamil spy action film, written and directed by P S Mithran, was released in theatres on October 21.
According to a press release, ''Sardar'' also stars Rashi Khanna in a pivotal role along with Chunky Panday playing the antagonist in his first Tamil film.
G V Prakash Kumar of ''Soorarai Pottru'' fame has composed the music for the movie, produced by Prince Pictures.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Tamil
- Sardar
- P S Mithran
- Chunky Panday
- Rashi Khanna
- Karthi
- Prince Pictures
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BJP appoints Union minister Meghwal as in-charge for Sardarshahr bypoll | https://www.devdiscourse.com/article/entertainment/2255031-karthi-starrer-sardar-to-have-digital-debut-on-aha | 2022-11-17T11:01:21 | en | 0.942608 |
India's Apr-Oct oilmeal exports up 38.45 pc to 19.84 lakh tonnes
- Country:
- India
The country's export of oilmeal, used as animal feed, rose 38.45 per cent to 19.84 lakh tonnes during the April-October period of the current fiscal on sharp rise in shipment of rapeseed meal, industry body SEA said on Thursday.
The country had exported 14.33 lakh tonnes of oilmeal in the same period of the previous financial year.
According to Solvent Extractors Association of India (SEA), out of the total oilmeal exports, the shipment of rapeseed meal doubled to 13.41 lakh tonnes during the April-October period of the current fiscal, from 6.58 lakh tonnes in the year-ago period.
Export of rapeseed meal rose sharply on account of a record crop and crushing that resulted in highest processing and availability of the commodity, it said.
Currently, India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other Far East Countries at USD 295 per tonne FOB (freight on board), while rapeseed meal Hamburg ex-mill was quoted at USD 363 per tonne, it added.
Export of groundnut extraction too rose to 9,632 tonnes during April-October of this fiscal, from 1,390 tonnes in the year-ago period.
However, there was a decline in export of other oilmeal in the said period.
Exports of soyabean extraction remained lower at 1.62 lakh tonne during April-October period of the 2022-23 fiscal, as compared to 1.76 lakh tonnes in the year-ago period.
Similarly, export of rice bran extraction declined to 2.81 lakh tonnes from 4.01 lakh tonnes, while that of castorseed extraction shipments fell to 1.89 lakh tonnes from 1.96 lakh tonnes in the said period.
Major exporting destinations were South Korea, Vietnam, Thailand, Bangladesh and Taiwan.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Odd News Roundup: Thailand's 'floating train' a big hit as dam waters rise | https://www.devdiscourse.com/article/headlines/2254983-indias-apr-oct-oilmeal-exports-up-3845-pc-to-1984-lakh-tonnes | 2022-11-17T11:01:31 | en | 0.941496 |
Turkey's Erdogan thanks all parties for extension of grain deal
- Country:
- Turkey
Turkish President Tayyip Erdogan on Thursday thanked the United Nations, Moscow and Kyiv for extending a grain that has allowed Ukrainian grain exports to resume.
The export of more than 11 million tonnes of grains in the last four months has shown the deal's importance for global food security, he said on Twitter.
The grain export deal, brokered by Turkey and the UN, was due to expire on Nov. 19 but was extended by 120 days on Thursday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Tayyip Erdogan
- Kyiv
- Turkish
- Moscow
- United Nations
- Ukrainian
- Turkey
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Lavrov urges United Nations to help ease Russian food exports | https://www.devdiscourse.com/article/headlines/2254984-turkeys-erdogan-thanks-all-parties-for-extension-of-grain-deal | 2022-11-17T11:01:39 | en | 0.937948 |
An affidavit filed by Butler County Prosecutor Michael Gmoser accusing a Butler County Common Pleas judge of bias for the handling of a death penalty trial that ended in a hung jury has been accepted by the Ohio Supreme Court.
And until the chief justice makes a ruling, Judge Greg Howard is prohibited from presiding over any further hearings in the Gurpreet Singh case, according to a motion filed Monday by Chief Justice Maureen O’Conner.
On Nov. 1, during a hearing in the quadruple West Chester Twp. homicide, Gmoser asked Howard to recuse himself from the retrial. Howard declined and Gmoser filed a request of disqualification with the high court.
Howard will have 21 days to respond to the disqualification affidavit, then O’Conner will “review the matter and render a written decision on the affidavit,” according to the court document.
The pause may not affect moving the case forward to a second trial because Howard did not schedule the next hearing until Jan. 11.
Last month, after a three-week trial with nearly two weeks of testimony and 14 hours of deliberation, Howard declared a mistrial in Singh’s trial when the jury indicated it was hung and did not believe any further deliberations would serve a useful purpose. The 40-year-old is accused in the 2019 killing of four of his family members.
Gmoser found fault with Howard’s decision over replacing jurors and a transcript requested from the deliberating jury. In the affidavit filed last week, Gmoser also said said Howard’s “qualifying bias is manifest in his making demeaning sexual jokes in chambers and failing to conduct the trial with proper courtroom decorum in a capital case.”
Gmoser also alleges Howard failed to preserve the record for appeal of possible juror misconduct and demeaned the seriousness of the case by not maintaining proper courtroom decorum.
Singh was permitted to “snack” in the courtroom like he was picnicking during the trial, Gmoser said.
Gmoser said Howard should have removed feuding jurors that resulted in a hung jury.
Howard declined to replace jurors with alternates knowing two jurors were at odds and not deliberating, the prosecutor said. Gmoser also found fault with Howard’s decision not to give the jury a requested transcript of a DNA expert, but instructed them to rely on their “collective memories” of that testimony.
At the Nov. 1 hearing, Howard did not recuse himself, saying he does not feel he had or has bias.
“I’m not here to make people happy, I am here to follow the law,” Howard said. “I will not be recusing myself from this case.”
In the lengthy affidavit, Gmoser cites more issues.
On Oct. 6, there was no recording of possible juror misconduct at an unrecorded chambers conference in which “the judge stated that the bailiff had admonished one juror he observed at a nearby restaurant at lunch time looking for a newspaper to read. Additionally, the bailiff reported that this same juror was trying to “discuss” the case with other jurors in violation of instructions,” Gmoser said in the filing.
After “minimal” discussion, Howard said he would re-instruct jurors on the issues.
“No record was made of this possible juror misconduct. Instead, the judge without explanation, reminded the jury of the instruction on these issues,” Gmoser said in the filing. He added other “critical” matters were not put on the record, including verbal communication from a juror to the bailiff about “bullying” and Howard’s “angry words” to prosecutors when he was questioned about his denial of the transcript request from the jury.
Gmoser said in the affidavit that Howard made crude jokes in chambers in “mixed” company that were sexual in nature about body piercing and a former attorney’s serial incidents of public indecency.
According to Gmoser, Howard also demeaned the case by not maintaining proper courtroom decorum.
“(Singh), a capital defendant, was permitted to snack in the courtroom while completely unrestrained (and within inches of prosecutors) and casually walk between counsel tables during breaks as if he were at a picnic,” Gmoser said in the filing.
Gmoser claimed that the press twice broadcast a video or photos of the jury members, and the courtroom door to a hallway leading to the jury room was frequently left open.
Howard did not respond to a request for comment.
Singh is charged with four counts of aggravated murder for allegedly shooting and killing his wife Shalinderjit Kaur, 39; his in-laws, Hakikat Singh Pannag, 59, and Parmjit Kaur, 62; and his aunt-in-law, Amarjit Kaur, 58, at a West Chester Twp. apartment on April 28, 2019. He faces the death penalty if found guilty.
Attorneys David Washington and Jeremy Evans, Singh’s new defense team, were back in court last week for a pre-trial and will return in January where a new trial date may be set. They are court-appointed after Singh’s regained attorneys withdrew from the case because he can no longer pay them.
Prosecutors said Singh murdered his family by shooting them all in the head after a longtime affair he was having and a strained relationship with his in-laws over money from land owned in India.
The defense said Singh is innocent and the killings were part of a professional hit due to Pannag’s financial woes and a dubious land contract deal in India with the “land mafia.” They say three masked men broke into the apartment with baseball bats and Singh ran for his life. When he returned, everyone was dead.
Read more about the mistrial and Singh’s case at journal-news.com.
About the Author | https://www.journal-news.com/crime/chief-justice-to-consider-prosecutors-claim-of-bias-in-west-chester-quadruple-homicide-case/T2JLDWAVNZDG5KMITIYIL34XBA/ | 2022-11-17T11:01:45 | en | 0.974112 |
Samyukta Kisan Morcha alleges breach of assurance by Centre, to hold marches to Raj Bhawans on Nov 26
SKM, a body of farmers unions that spearheaded the agitation against the new farm laws later repealed by the Centre, has called a meeting on December 8 to decide the future course of the movement.
- Country:
- India
The Samyukta Kisan Morcha (SKM) will hold nationwide marches to Raj Bhawans on November 26, alleging breach of assurance by the Centre on farmers' pending demands, the organisation announced on Thursday. SKM, a body of farmers' unions that spearheaded the agitation against the new farm laws later repealed by the Centre, has called a meeting on December 8 to decide the future course of the movement. The farmers will also celebrate November 19 as ''Fateh Diwas'' or ''Victory Day'' as the Centre had ordered the repeal of the new farm laws following their agitation.
''Marches to offices of Lok Sabha and Rajya Sabha MPs of all political parties will be held from December 1 to 11,'' SKM leader Darshan Pal said at a press conference here. The SKM also expressed disappointment at the Union government and accused the Centre of completely reneging on the written promises made to the farmers when the protest was lifted on December 9.
The farmers' body claimed that neither the committee on Minimum Support Price had been formed nor the ''false'' cases registered against farmers during the agitation were withdrawn.
It also accused the government of not being ready to consider the biggest demand of the farmers -- a legal guarantee on MSP.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Samyukta Kisan Morcha
- Lok Sabha
- Fateh
- Rajya Sabha
- Darshan Pal
- Raj Bhawans
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Samajwadi Party fields Akhilesh's wife Dimple Yadav for Mainpuri Lok Sabha bypoll | https://www.devdiscourse.com/article/headlines/2254985-samyukta-kisan-morcha-alleges-breach-of-assurance-by-centre-to-hold-marches-to-raj-bhawans-on-nov-26 | 2022-11-17T11:01:47 | en | 0.960249 |
SCHIPHOL, Netherlands (AP) — A Dutch court is passing judgment Thursday on three Russians and a Ukrainian charged in the downing of Malaysia Airlines flight MH17 over Ukraine and the deaths of all 298 passengers and crew on board.
The verdict comes more than eight years after the Boeing 777 flying from Amsterdam to Kuala Lumpur was blown out of the sky on July 17, 2014, amid a conflict between pro-Russia rebels and Ukrainian forces, scattering wreckage and bodies over farmland and fields of sunflowers.
None of the suspects appeared for the trial that began in March 2020 and if they are convicted, it's unlikely they will serve any sentence anytime soon. Prosecutors have sought life sentences for all four. Prosecutors and the suspects have two weeks to file an appeal.
The Hague District Court, sitting at a high-security courtroom at Schiphol Airport, is passing judgment against a backdrop of global geopolitical upheaval caused by Russia's full-blown invasion of Ukraine in February and the nearly nine-month war it triggered.
Hundreds of family members of people killed traveled to the court to hear the verdict, bringing them back to the airport their loved ones left on the fateful day MH17 was shot down.
Dutch prosecutors say the missile launcher came from the 53rd Anti-Aircraft Missile Brigade, a unit of the Russian armed forces based in the Russian city of Kursk and was driven back there after MH17 was shot down.
The suspects aren't accused of firing the missile but of working together to get it to the field where it was fired. They are accused of bringing down the plane and the murder of all those on board.
The most senior defendant is Igor Girkin, a 51-year-old former colonel in Russia's Federal Security Service, or FSB. At the time of the downing, he was defense minister and commander of the armed forces of the self-proclaimed Donetsk People’s Republic — the region where the plane was shot down. Girkin reportedly is currently involved in Russia’s war on Ukraine.
Also on trial are Girkin's subordinates, Sergey Dubinskiy, Oleg Pulatov, and Leonid Kharchenko, a Ukrainian who prosecutors say was commander of a pro-Russia rebel combat unit and took orders directly from Dubinskiy.
Pulatov is the only one of the suspects who was represented by defense lawyers at the trial. They accused prosecutors of “tunnel vision” in basing their case on the findings of an international investigation into the downing while ignoring other possible causes.
Pulatov’s defense team also sought to discredit evidence and argued he didn’t get a fair trial.
In a video recording played in court, Pulatov insisted he was innocent and told judges: “What matters to me is that the truth is revealed. It’s important for me that my country is not blamed for this tragedy.”
Credit: Dmitry Lovetsky
Credit: Dmitry Lovetsky
Credit: Dmitry Lovetsky
Credit: Dmitry Lovetsky
Credit: Evgeniy Maloletka
Credit: Evgeniy Maloletka | https://www.journal-news.com/nation-world/mh17-judgment-day-verdicts-due-against-4-suspects-at-trial/WVWTVPNKYVCZZIYTOMILWJFGAE/ | 2022-11-17T11:01:51 | en | 0.970137 |
Saakar Builder owners, relative of Bihar minister, raided by income tax authorities
Raids are going on in Patna and some other places. The promoter of the Saakaar group is a relative of a minister in the Bihar government.
- Country:
- India
The Income Tax Department is conducting searches against the promoter and top executives of the Saakaar Builder, sources told ANI.
Raids are going on in Patna and some other places. The promoter of the Saakaar group is a relative of a minister in the Bihar government.
Further details about the raids and the purpose behind them are yet to be known. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Bihar
- The Income Tax Department
- Patna
Advertisement | https://www.devdiscourse.com/article/headlines/2254993-saakar-builder-owners-relative-of-bihar-minister-raided-by-income-tax-authorities | 2022-11-17T11:01:56 | en | 0.945653 |
SHARM EL-SHEIKH, Egypt (AP) — Sherry Rehman, climate minister for Pakistan, said developing countries would continue to press hard for a deal on the issue of ‘loss and damage’ at this year’s U.N. climate talks in Egypt.
Rehman told reporters Thursday that the group of countries she chairs, known as G77 and China, wants “at the very least a political announcement of intent” on rich polluters providing new financial aid to poor nations for the effects of global warming.
She made clear that she didn’t not expect “a slew of finance” to result from the meeting in Sharm el-Sheikh but added that “if this continues to be kicked down the road we will see it as a climate justice denied.”
Rehman said she was aware that some countries “are anxious about liabilities and judicial proceedings.”
“I think we can work around all those anxieties,” she said. “The idea here is not to make any one country or group of countries uncomfortable or put them in an adversarial position.”
But she said the recent devastating floods in her own country, causing tens of billions of dollars in damage, showed how people who have done little to cause climate change are being hit hard.
“That dystopia that came to our doorstep will come to everyone’s,” she said. “So before it comes to that point, let’s learn to work together and bring some focus and real ambition for climate justice and delivery on joint goals.”
___
KEY DEVELOPMENTS:
— Lines in the sand need redrawing to reach climate deal
— Women lead climate talks' toughest topic: reparations
— Scientists try to bolster Great Barrier Reef in warmer world
___
Senior western officials have met with the Egyptian diplomat chairing this year’s U.N. climate talks amid concerns that negotiators may not be able to reach an agreement.
Alok Sharma, the British official who chaired last year’s talks in Glasgow, the EU’s climate chief Frans Timmermans and Canada’s Climate Minister Steven Guilbeault told Egypt’s Foreign Minister Sameh Shoukry that “there are still lot of gaps remaining” in the draft decisions.
Sharma’s office said the three officials told Shoukry that the recent pledge made by the Group of 20 major developed and emerging economies in Bali “should be the baseline and not a ceiling” at the climate talks, known as COP27.
“The last thing anyone wants is for this COP to end without consensus,” they said, according to Sharma’s office.
___
A draft decision proposed by host Egypt for this year’s U.N. climate talks has surprised negotiators who say it includes ideas never previously discussed at the two-week talks.
This includes a call for developed countries to achieve “net-negative carbon emissions by 2030” — a far tougher target than any major nation has so far committed to and which would be very hard to achieve.
Diplomats, speaking on condition of anonymity due to the sensitivity of the issue, say the 20-page draft released early Thursday is far more bloated than what would normally have been expected at this stage of negotiations.
The talks are due to wrap up on Friday but it is not unusual for the annual meeting to go into overtime.
___
Follow AP's climate and environment coverage at https://apnews.com/hub/climate-and-environment
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP's climate initiative here. The AP is solely responsible for all content.
Credit: Peter Dejong
Credit: Peter Dejong
Credit: Peter Dejong
Credit: Peter Dejong
Credit: Peter Dejong
Credit: Peter Dejong | https://www.journal-news.com/nation-world/the-latest-un-climate-summit/PAGQQLWJCFCYHOEU26FZ3N7624/ | 2022-11-17T11:01:58 | en | 0.959646 |
Gujarat freed from 27 year-long 'curfew raj', after BJP came into power: Alpesh Thakor
PM Narendra Modi gave the slogan "Aa Gujarat me banavyu chhe" and if you understand this, you will never vote for any other party, said Alpesh Thakor
- Country:
- India
BJP candidate from Gandhinagar South, Alpesh Thakor on Thursday said that after BJP came to power, "Gunda raj" ended and the state was freed from the "curfew raj". Reiterating Prime Minister Narendra Modi's slogan "Aa Gujarat me banavyu chhe" he said, "if you understand this, you will never vote for any other party."
Thakor filed his nomination for the upcoming Gujarat Assembly Election in presence of Chief Minister Bhupendra Patel. Thakor exuded confidence in the party winning over 150 seats in the elections.
"Twenty seven years before now, there was various "Bhai log" across the state. People did not use to get proper drinking water, education facilities were poor, in fracture was poor. But when the BJP came to power, the "Gunda raj" ended, people, get clean drinking water, and the infrastructure improved. Gujarat became free from the "curfew raj"," he said. The BJP leader, who was earlier in Congress before 2019, also took on his previous party stating that it has lost ground in the state and none of its leaders has a mass base.
Thakor, one of the faces of the anti-BJP movement in Gujarat during the 2017 elections, joined the BJP in 2019. He had won on a Congress ticket in the 2017 Assembly elections but lost his Radhanpur seat in a bypoll in 2019. Speaking to ANI on Wednesday, Thakor said, "Gujarat elections are not a challenge for us. Lotus has won here in the past and lotus will win in the future. BJP will win more than 150 seats and form government here. We will win in Gandhinagar and Ahmedabad also."
"Those who say that Congress is working silently should know that they are misleading that they are working silently. Congress has no foundation, its leaders are fighting among themselves and they have lost ground. This is why Aam Aadmi Party is being discussed. Congress is not working, they are dismantled. They do not have a mass base," he added.Exuding confidence in his own win in the upcoming elections, the BJP leader said that he does not have any political challenges here. "I have won the hearts of the people here. The BJP workers have complete faith in me. I don't have any challenges here. I have thought about a lot of things to be done in the field of infrastructure, startups, and others. Once we win again, we will continue the work," he said.
Alpesh is being seen as an OBC face here and the people from the community have expectations of him, according to the sources. When asked about this, he said that he will put in all his efforts to ensure that the rights of the OBC community are upheld.
"The policies that are in place for the OBC, I will try to implement them. I talk about the welfare of the Gujaratis. My effort will be to ensure that the rights of the OBC community are taken care of," he said. The Assembly polls are scheduled to be held on December 1 and 5, while the counting of votes will take place on December 8. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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BJP releases its first list of candidates for Gujarat Assembly polls, CM Bhupendra Patel to contest from Ghatlodia.
Gujarat polls: BJP releases 3rd list of candidates, Alpesh Thakor to contest from Gandhinagar South | https://www.devdiscourse.com/article/headlines/2254996-gujarat-freed-from-27-year-long-curfew-raj-after-bjp-came-into-power-alpesh-thakor | 2022-11-17T11:02:03 | en | 0.982198 |
COP27 draft text omits India's proposal of phasing down all fossil fuels
- Country:
- India
The United Nations published a first draft of the climate deal on Thursday and it doesn't mention a phase down of all fossil fuels, a proposal that was put forward by India and supported by the European Union and many other countries.
The draft encourages ''the continued efforts to accelerate measures towards the phase down of unabated coal power and phase out and rationalize inefficient fossil fuel subsidies, in line with national circumstances and recognizing the need for support towards just transitions''.
Nearly the same language was used in the Glasgow Climate Pact last year.
When contacted, a spokesperson of the Environment Ministry said the Indian negotiators do not wish to comment ''as negotiations are going on''. The cover text also doesn't mention when a loss and damage finance facility will be launched and what its contours will be. Poor and developing countries have demanded that the COP27 concludes with a decision to launch a fund to address loss and damage -- a term used for irreparable destruction caused by climate change-fuelled disasters.
The text ''stresses the importance of exerting all efforts at all levels to achieve the Paris Agreement temperature goal of holding the increase in the global average temperature to well below 2 degree Celsius above pre-industrial levels and pursuing efforts to limit the temperature increase to 1.5 degree Celsius above pre-industrial levels''.
The 20-page document, described as a 'non-paper' by the UN Framework Convention on Climate Change, is 8,400 words long as compared to the Glasgow pact, which was around 4,600 words and was in itself one of the longest cover texts in the history of UN climate summits. India had proposed on Saturday that the talks wrap up with a decision to ''phase down'' all fossil fuels and not just coal.
EU Vice President Frans Timmermans told the media on Tuesday that the bloc would support India's proposal ''if it comes on top of what we already agreed in Glasgow''.
Citing the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, Indian negotiators had told the Egyptian COP27 presidency that meeting the long term goal of the Paris Agreement ''requires phase down of all fossil fuels''.
''Selective singling out of sources of emissions, for either labelling them more harmful, or labelling them 'green and sustainable' even when they are sources of greenhouse gases, has no basis in the best available science,'' they said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Arunachal: 3 more arrested in APPSC question paper leak case
The APPSC had conducted the examination for the post of assistant engineer (civil) in the last week of August this year, and the recruitment exam paper was leaked, prompting the state government to suspend four members of APPSC
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- India
The Special Investigation Cell (SEC) has arrested three more persons in connection to the Arunachal Pradesh Public Service Commission (APPSC) question paper leak case. Officials on Thursday said that the investigation is being carried out by the SIC (vigilance) police station and three persons including a government official have been taken into custody.
Those arrested have been identified as Taloka Darang (59), a resident of Siang, and Posi Gamlin alias Gamkin and Eagle Sora - both residents of West Siang. Eagle Sora is posted as Junior Engineer (JE) with the RWD and is posted at Tirbin, while Posi Gamlin is a block education officer (BEO) and is posted at Siang district, they said.
Officials said that the SCI investigation into the various exams is ongoing, and all facets of the case are being investigated in detail. All illegal formalities and norms of professionalism are being maintained during the investigation. "We are committed to ensuring justice to aggrieved and requests anyone with concrete evidence or details of the case to come forward and report the same," Itanagar SP (SIC-Vigilance) Anant Mittal said in an official statement. With these three more arrests, a total of 17 persons have been arrested so far in the APPSC paper leak case, the statement said.
The APPSC had conducted the examination for the post of assistant engineer (civil) in the last week of August this year, and the recruitment exam paper was leaked, prompting the state government to suspend four members of APPSC. The case was transferred from the Itanagar police to the SIC (vigilance) next month.
In October, the Central Bureau of Investigation (CBI) was also involved in the investigation and registered a case under sections 120 (B), 420, 406, and 409 of IPC, and also under relevant sections of the Prevention of Corruption Act, 1988, on the request of the Government of Arunachal Pradesh against a person and unknown officials of the APPSC for the alleged leakage of the question paper. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2255003-arunachal-3-more-arrested-in-appsc-question-paper-leak-case | 2022-11-17T11:02:21 | en | 0.972537 |
Shraddha murder case: Charred her face to hide identity, claims Aftab Poonawalla
The Delhi Police sources claimed that he had first chopped her body into 35 pieces, then burnt her face in such a way that it becomes unidentifiable even if the body parts are discovered.
- Country:
- India
Making a huge claim in the Shraddha Walker murder case, Delhi Police sources said that the accused Aftab Poonawalla had charred his live-in partner's face to hide her identity. The Delhi Police sources claimed that he had first chopped her body into 35 pieces, then burnt her face in such a way that it becomes unidentifiable even if the body parts are discovered.
"During the interrogation, Aftab revealed that he had learnt about all this on the internet, and also about how to hide the body from everyone's reach," the sources claimed. In yet another loop in the Shraddha Walker murder case, the Southern District Police of Delhi have contacted their eastern counterparts in a bid to match the DNA sample of chopped body parts including a human head which the latter had recovered earlier in June.
According to the sources, the East Delhi Police had found a chopped head and hand in the Trilokpuri area of Pandav Nagar police station area of the national capital in June this year, which was nearly a month after Shraddha was murdered (on May 18). In the East Delhi case, the police were not able to ascertain whose body parts they were because of the tampered state of the recovered body parts.
The body parts found in East Delhi were sent for a DNA test, and the forensic report will be coming soon. The bones found in Mehrauli forests have also been sent for a DNA test. The police will match the DNA report of all the pieces found at both these places and will try to ascertain if the found body parts were of Shraddha, the sources said.
The Southern District Police has contacted the Eastern District Police in this regard. The East District Police has handed over all the information to the South District Police. According to the sources, Aftab, during his interrogation, told the police that after killing Shraddha and chopping her body into 35 pieces, he had first disposed of those parts which could stink quickly.
"Accused Aftab told the police that he used bleach to destroy the evidence, and also used chemicals so that not a single stain of blood remained on the floor," the sources claimed. "He threw all the parts of the body in the forest and left thumb at some other location," the sources added.
According to police sources, there was no remorse visible on his face during his interrogation. "When the police officer talks to the accused in Hindi, he replies in English. He sleeps peacefully in the police station lockup all night. After the murder, the friends of the accused Aftab also came to the house..but during that time he had hidden the parts somewhere else," the source claimed.
Meanwhile, the Delhi Police has come across a fresh lead in the investigation of the Shraddha Walker murder case, in which they have found a pending water bill in accused Aftab Poonawalla's flat, given the circumstances that 20,000 litres of water in Delhi is provided free by the government, according to the sources. According to the sources, the police received information from the neighbours of Aftab that he has an outstanding water bill of Rs 300.
The police are likely to investigate this angle as the Delhi government gives 20,000 litres of water for free. Two neighbours living on the floor above Aftab had informed the police that the water bill of all the floors comes to zero, except for Aftab's, who had an outstanding due of Rs 300, thus rising suspicion. "After the murder, Aftab used a lot of water to clean the blood stains leading to a high water bill and the pending bill. Neighbours told the Police that Aftab used to regularly go and check the building's water tank," the sources claimed.
The police have also got the information that in the rent agreement which was made, Aftab had put Shraddha's name first and his own name at the last. "The flat owner knew that they are not a married couple. They were given the flat through a broker. Aftab used to deposit Rs 9,000 into the account of the owner between 8 and 10 of every month," the sources said.
The water bill is also likely to play an important role in the investigation. Today, if the court grants further custody to the police, they are likely to investigate this angle as well, according to the sources. Earlier, Aftab had told police that before the murder there was a fight between the couple over the shifting of household items from Mumbai.
Police investigation revealed that the couple had a fight on May 18 during which Aftab killed Shraddha. Delhi Police sources said the May 18 quarrel was not the first time, Aftab and Shraddha were fighting for three years.
"On May 18, there was a fight between the two regarding bringing household items from Mumbai. They used to fight over who would bear the household expenses and bring items. Aftab got very angry about this. The quarrel started around 8 pm on May 18 when Aftab strangled Shraddha to death. He kept her body in the room overnight and went to buy a knife and refrigerator the next day," sources told ANI. Aftab was arrested on Saturday after Delhi police started probing into a missing complaint filed by Shraddha's father Vikas Walker.
Aftab had attempted to dupe the police of Delhi and Mumbai in the initial days of the investigation. Aftab had tried to hide the murder of Shraddha by removing any physical evidence, however, he had left the digital evidence that the police traced to reach the truth of the case.
When Delhi Police initiated the investigation, Aftab had told the police that Shraddha had left the house on May 22 (Shraddha was killed on May 18), after a fight. He claimed that she had only carried her phone with herself and had left her belongings in his flat. He claimed that she was unreachable and he had not come in contact with her since then, according to the police sources. However, the truth came to the fore when the police checked the phone call records of the couple and investigated their locations.
The biggest breakthrough the police got was the bank statement of the couple's account which showed a transaction of Rs 54,000 from Shraddha's net banking account app to Aftab's account on May 26. The transaction exposed Aftab's lies in which he had earlier claimed that Shraddha was unreachable after May 22 and he did not come in contact with her, the sources said. The location of the bank transfer that took place on May 26 also turned out to be the Mehrauli police station area.
Besides this, on May 31 there was a chat with her friend from Shraddha's Instagram account. When the police found out the location of Shraddha's phone, it turned out to be in Delhi's Mehrauli police station area. Aftab could not answer the police question that if Shraddha had carried her phone along with herself, why was its location being traced to his house? It was at this moment that Aftab revealed the truth.
The Maharashtra Police sources said that when Shraddha's family could not contact her due to her phone being switched off, they filed the missing complaint at the Manikpur police station. Following the complaint, Aftab was summoned to the Manikpur police station for questioning. Meanwhile, Shraddha's father on Tuesday demanded the death penalty for the accused while also suspecting 'love jihad' behind the incident.
Speaking to ANI, Shraddha's father, Vikas Walker said, "I suspect love jihad. We demand that Aftab be sentenced to death. I have faith in the Delhi Police as the investigation is moving in the right direction. Shraddha was close to her uncle and didn't talk to me much. I was never in touch with Aftab. I lodged the first complaint in the case at Vasai (Mumbai)." "I had spoken to Shraddha last in 2021. I would ask her to tell me more about her live-in partner. But she didn't say much. I did not know she had shifted to Delhi. Her friend told me she was in Delhi. I thought that she was in Bengaluru. Aftab had a lot of time to remove all the evidence," Shraddha's father alleged. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Delhi to compensate labourers as construction stopped over pollution | https://www.devdiscourse.com/article/headlines/2255015-shraddha-murder-case-charred-her-face-to-hide-identity-claims-aftab-poonawalla | 2022-11-17T11:02:47 | en | 0.986893 |
Genesis is on a roll with design, and all signs point to the South Korean luxury automaker speeding up rather than slowing down. On Tuesday in Malibu, California, the walls fell away from a box housing the Genesis X Convertible concept that could preview an electric convertible.
Light on details and long on looks, the 2+2 electric hardtop convertible makes a design statement that might as well be an exclamation point.
Stopping short of confirming the stunning convertible for production, Luc Donckerwolke, head of design for Genesis, told Motor Authority, “I don’t like show business.”
Genesis said the X Convertible is based on the same electric platform as the Genesis X Concept revealed in 2021 and the Genesis X Speedium concept revealed last April. Donckerwolke said the three concepts have been built to refine the design formula and see if a business case can be made for a limited run of series production cars.
Inside, the X Convertible’s driver-centric cockpit is a tweaked version of the X Speedium Coupe concept’s interior, which looked production ready when it was revealed in August and does here as well. Like in the coupe, the center console is turned toward the driver and walls off the passenger from the controls.
The folding hardtop, which wasn’t shown or put up during the reveal, is said to utilize transparent moonroofs to provide occupants an open feeling even while closed.
Low and sleek, the concept has a long dash-to-axle ratio, an extended hood, short front and rear overhangs, wrap-around LED lights at all four corners, and a ducktail spoiler. It all punctuates simple, attractive lines. Genesis noted the aero-dish wheels feature a functional design with a specifically spaced concave area that extracts heat from the brakes.
Donckerwolke said the design shared by the X Convertible and the Speedium coupe concepts seems to have found the sweet spot for a grand tourer that resonates with customers.
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I’m behind the wheel of the 2023 Honda Civic Type R on Sonoma Raceway in Northern California. Temperatures are hovering around 50 degrees and the track is getting wetter by the second. This is a technical circuit in the best conditions, with blind crests, off-camber turns, and a series of esses that elude me every time. I’m thankful to be riding on the standard Michelin Pilot Sport 4S tires instead of the Pilot Sport Cup 2 tires available as an accessory, but I’m still hella nervous. “At least the CTR is front-wheel drive, not rear-wheel drive,” I think as we head out onto the track…and possibly to my death.
New looks, who dis?
The 2023 Civic Type R gets a new design and for that I am extremely grateful. While the old one looked very Boi/Gurl Racer with its spiky rear aero bits and dual-colored wing, this Type R is a bit more grown up. It’s longer, lower, and wider, and it makes key features of the standard Civic hatch its own.
The front bumper sports a wider grille opening that helps with cooling, pushing air out of the newly vented hood. I’m digging the thin A-pillars and the wider fenders front and rear. Several vents help with brake cooling and all but one of them are functional—a win in my book. Out back sits a new diffuser, a lowered, all-black wing, and the cool three-outlet exhaust. Look closely, though, and you’ll notice that the design team has switched it up a little. Now the center port is larger than the outboard ports.
Rain, rain, go away!
The Civic Type R has four drive modes: Comfort, Sport, +R, and Individual. Our lead driver has asked that we keep the car in Comfort. This will soften the suspension to keep some weight on the outside front wheel in corners for more grip in these terrible conditions. It also keeps the traction and stability control nannies on at full blast.
I notice only the stability control during this first track session. I know I should be paying attention to the revised 6-speed manual gearbox, the more rigid chassis, and the quicker steering, but all I can think about is sliding off this track and losing my track privileges for the day. “Keep it together, Hall. You can do this,” I think.
I can, because the stability control is really well tuned. It lets the car slide just enough to give me a little thrill but then it kicks in to save my butt. Once all is sorted, I send a little power to the front wheels and catch up to the car in front of me on this four-lap lead/follow.
It has stopped raining for my second session, and while there is still water on the pavement, I’m much more confident. This time I notice that there is no torque steer in this little hatch. Punch it and the front end stays bang on track. The steering is super-quick and heavy, even in Comfort mode, and this gear box is a dream. The new rev-matching technology is really good, never intrusive, and it eliminates any shock to the drivetrain on downshifts.
On my last lap I feel so good I switch to Sport mode. The rev matching gets more aggressive, quickly revving up to the correct engine speed to match my faster shifts. The dampers firm up, and while I lose grip once or twice in the still-wet conditions, the stability control brings the car back under control. The throttle gets a bit sharper here and the steering a tad heavier. It all feels good.
Drying out
Honda gives us one last chance on a dry track the following morning. Although still too cold for the Cup 2 tires, we arrive to find the track crew has warmed up the 4S tires and we are ready to rumble.
Now I’m calm enough to really experience all the Civic Type R has to offer. I switch to +R mode for maximum performance and where I can, I floor it to get all 315 hp and 310 lb-ft of torque out of this little 2.0-liter turbocharged mill. I’m able to grab fourth gear on the straightaway, but I cook it a little too fast heading into the turn 7 sharp righthander. That’s OK because the ABS kicks in, keeping the car in a straight line and slowing me down enough to make the turn with no drama.
The ess turns—corners 8 and 8A—have plagued me each session, but this time I go for it, getting back on the power sooner. The limited-slip front differential keeps that power flowing to the pavement and I don’t feel any wheel spin. Before I know it, I’ve increased my lead on the car behind me. It was easier than I thought but it required some bravery.
Track driving is not the most efficient use of fuel, even when it’s dialed back because of conditions. However, the EPA gives the Type R fuel economy ratings of 22 mpg in the city, 28 on the highway, and 24 combined. Of course, we’ll have to drive one in real-world conditions before we comment on that claim.
Where are my heated seats, bro?
Inside, buyers get red sport seats that are comfy enough for a commute but also provide ample hip and side support. I wish they were heated but no dice. Aluminum trim combines with the black dash to make a simple yet pleasing combination. A 9.0-inch touchscreen grows from the last model’s 7.0-inch unit. The 10.2-inch configurable gauge cluster has one design for Comfort and Sport modes and another for +R with more information about temperatures, g forces, and lap times.
Honda goes all-in with data in the 2023 Type R with the Honda LogR Performance Data Logger. This technology no longer needs a smartphone app to work and while I don’t have the time to sample the system, the Auto Score function seems pretty cool. This feature monitors acceleration, braking, and steering inputs, and generates a smoothness score. Remember, smooth is fast, y’all.
Buyers also get wireless Apple CarPlay and Android Auto, wireless smartphone charging, and the Honda Sensing suite of advanced driver-assist aids. This includes the old standards like automatic emergency braking, adaptive cruise control, active lane control, and lane-departure warnings. The Type R also adds traffic sign recognition, rear cross-traffic alerts, and blind-spot monitors.
Perfection is pricey
Expect to pay $43,990 including $1,095 for destination for the 2023 Honda Civic Type R. That, however, is assuming you don’t find any dealer markups, and I wish you well on your quest. The Honda’s nearest competitor is the all-out fun Toyota GR Corolla, which may be down on power a bit but comes with all-wheel drive. The little hot hatch starts at around $7,000 less than the Type R for the base Core model, though I would add the front and rear limited-slip differentials and the heated seats and steering wheel to the GR Corolla and still come in under $39,000.
Other competitors include the Volkswagen Golf GTI, which has less than 250 ponies and its price reflects that. The all-wheel-drive Golf R comes in slightly higher in price, but Volkswagen really engineered the fun out of that hatch. You may be able to score a Hyundai Veloster N at right around $33,000, but the Korean car company will not make a 2023 model. Sad trombone.
It’s a tough decision to choose among hot hatches, but it’s great that enthusiasts even have a choice to make. Honda has done a great job of upgrading the 2023 Civic Type R, eking out a bit more performance and fun for this generation. Its grown-up looks are appealing and the interior tech and design are second to none. However, it is the most expensive of the bunch.
As for me, I’m looking forward to driving the Type R on a twisty back road on a sunny day without a drop of rain in the forecast.
—Emme Hall
Honda provided airfare, lodging, and track time for Motor Authority to bring you this firsthand report.
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Government rejects claims of rushed approval for Covaxin due to 'political pressure'
The reports claimed that Bharat Biotech, manufacturer of the indigenous COVID-19 vaccine - Covaxin, "had to skip certain processes" and "speed" up clinical trials due to political pressure. The reports further claimed that there were several irregularities in the three phases of the clinical trials conducted for the vaccine.
- Country:
- India
The Government has rejected media reports which claim that regulatory approval for Covaxin was rushed due to "political pressure". The reports claimed that Bharat Biotech, manufacturer of the indigenous COVID-19 vaccine - Covaxin, "had to skip certain processes" and "speed" up clinical trials due to political pressure. The reports further claimed that there were several irregularities in the three phases of the clinical trials conducted for the vaccine.
"These media reports are completely misleading, fallacious and ill-informed," the Union Ministry of Health and Family Welfare said in a statement on Thursday. It is clarified that the Government of India and the national regulator i.e. Central Drugs Standard Control Organisation have followed a scientific approach and prescribed norms in approving COVID-19 vaccines for emergency use authorization, the ministry said.
Authorization to COVID-19 vaccines including Covaxin for restricted use in an emergency situation with various conditions and restrictions was granted by the national regulator only on the recommendations of the Subject Expert Committee of CDSCO. The Subject Expert Committee consists of domain knowledge experts from the fields of pulmonology, immunology, microbiology, pharmacology, paediatrics, internal medicine, etc., said the ministry statement.
The statement further said that the Subject Expert Committee (SEC) of the CDSCO met on 1st and 2nd January 2021 and after due deliberations made recommendations in respect of the proposal for Restricted Emergency Approval of COVID-19 virus vaccine of Bharat Biotech. "Before Covaxin was approved for restricted emergency use in January 2021, the Subject Expert Committee reviewed the data on safety and immunogenicity of the vaccine and recommended for grant of permission for restricted use in an emergency situation in the public interest as an abundant precaution, in clinical trial mode, to have more options for vaccinations, especially in case of infection by mutant strains," it said.
The ministry also claimed that the SEC's approval for the commencement of phase 3 clinical trial of the proposed dose of Covaxin was based on scientific data presented by Bharat Biotech and established practices in this regard. Moreover, the purported 'unscientific changes' in clinical trials of Covaxin, as claimed in the news reports, were made after submission made by Bharat Biotech in CDSCO, compliance of due process in CDSCO and with approval from the DGCI, the ministry claimed. Additionally, later on, based on the further submission made by Bharat Biotech and assessment of interim efficacy and safety data by SEC of CDSCO, the condition of administration of COVID-19 vaccine in 'clinical trial mode' was removed on March 11, 2021, it added. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/headlines/2255020-government-rejects-claims-of-rushed-approval-for-covaxin-due-to-political-pressure | 2022-11-17T11:02:54 | en | 0.964311 |
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Hemant Soren has become a symbol of corruption in Jharkhand: State BJP chief
"Hemant Soren has become a symbol of corruption in the entire Jharkhand. You can see the dark deeds of corruption prevailing in the entire government every day. Any department you point to is seen in the light of corruption."
- Country:
- India
Jharkhand Bharatiya Janata Party (BJP) President and Rajya Sabha MP Deepak Prakash on Thursday alleged that Chief Minister Hemant Soren has become a symbol of corruption in the state. Soren reached the ED office in Rachi for questioning after the central investigation agency summoned him in the illegal mining case.
Speaking to ANI Deepak Prakash said, "Hemant Soren has become a symbol of corruption in the entire Jharkhand. You can see the dark deeds of corruption prevailing in the entire government every day. Any department you point to is seen in the light of corruption." "If ED has summoned then you should go because all their associates are inside the jail and naturally many such pieces of evidence would have been found on the basis of investigation. That's why the ED has called Soren for questioning," Prakash told ANI.
Jharkhand BJP President Deepak Prakash further said that many government officers are involved in this so they should also be questioned, along with senior bureaucrats. "This is a matter of more than Rs 10,000 crores. There is someone who is the custodian of the loot of illegal mining and that is Hemant Soren and his family," he claimed. "The investigating agencies are doing their job. Everyone should follow the law including the rich and poor. But the way the leaders of Jharkhand Mukti Morcha (JMM) have tried to obstruct the work of investigating agencies by bringing some people, all I want to say is that the law is equal for all. Those who have committed an economic offence will have to go to jail," stated Deepak Prakash.
Prakash said, "It is very unfortunate that the current Jharkhand government have allowed looting the natural resources, on the behest of the Chief Minister. And when the Chief Minister is called for questioning, all he is doing is a political drama. According to me, the protector of the law has become the destroyer of the law in Jharkhand." Questioning of Jharkhand Chief Minister Hemant Soren is underway in the Ranchi ED office in the illegal mining case.
Earlier in the day, CM Jharkhand said, "Allegations don't seem to be possible. I feel agencies should come to a concrete conclusion only after a detailed probe. I'm a CM, manner in which summoning is being done makes it look like those people who flee the country." "Such actions create uncertainty in the state. It can be called a conspiracy to destabilise Govt. Our rivals were conspiring to topple the government ever since we came to power. This submarine of the conspiracy didn't have the strength to rise out ot water-attempts being made to bring it out," said Soren.
The central agency has summoned the Jharkhand chief minister for questioning in connection with the money laundering probe into alleged illegal mining in the state, and also over the contravention of the Representation of the People Act, 1951. The ED began its probe in the money laundering matter based on an FIR filed against Pankaj Mishra and others. It subsequently took over the investigation into other cases related to illegal mining in Jharkhand.
Soren has been summoned months after the Election Commission of India (EC) in August sent a report to governor Ramesh Bias, recommending the CM's disqualification as a member of the state assembly for allegedly holding a mining lease. The BJP has argued that Soren flouted the office of profit rules. However, the CM has rejected all the allegations. Furthermore, ED's latest move comes almost a month after it seized passbook and chequebook, including two signed copies of Soren, from Mishra's house. The federal agency had arrested Mishra in July, and two others in August, and all of them currently remain in judicial custody. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Maha govt plans to set up new prison in Mumbai | https://www.devdiscourse.com/article/headlines/2255029-hemant-soren-has-become-a-symbol-of-corruption-in-jharkhand-state-bjp-chief | 2022-11-17T11:03:03 | en | 0.977907 |
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Pub group Fuller's confident on Christmas after London recovery drives sales
Fuller, Smith & Turner said it was confident customers would keep flocking to its pubs this Christmas despite the challenging economic environment, after tourists and commuters returned to London, driving sales higher. Many of Britain's hospitality businesses are fighting to survive this winter as energy and staff costs rise while high inflation erodes consumer disposable incomes.
Fuller, Smith & Turner said it was confident customers would keep flocking to its pubs this Christmas despite the challenging economic environment, after tourists and commuters returned to London, driving sales higher.
Many of Britain's hospitality businesses are fighting to survive this winter as energy and staff costs rise while high inflation erodes consumer disposable incomes. But so far Fuller's has defied the downturn, helped by its large exposure to central London. Comparable sales rose 20% in the six months to Sept. 24 compared with the prior year, with a 67% jump in central London.
The capital was slower to recover from the pandemic than smaller urban areas as some commuters and tourists avoided public transport, but Fuller's figures showed its London pubs, which include Charles Dickens's favourite hostelry the Lamb and Flag in Covent Garden, had roared back to life since. For the seven weeks to Nov. 12, Fuller's said comparable sales across central London were up 20% versus a 13% rise across its whole estate, and that was despite several tube and train strikes.
Fuller's said Christmas bookings were strong and it also expected a boost from the FIFA World Cup. Analysts at Stifel said that Fuller's results looked strong compared to an industry tracker which showed 6% growth in pub like-for-like sales in October.
Earlier in November, pub group J D Wetherspoon reported a 9.6% rise in like-for-like sales for the first quarter. But Fuller's warned that the environment remained tough.
Pub groups are grappling with the rising costs of everything from labour and food ingredients to energy, as well as the threat of lower spending by consumers faced with a rising cost of living.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Britain
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- FIFA World Cup | https://www.devdiscourse.com/article/headlines/2255037-pub-group-fullers-confident-on-christmas-after-london-recovery-drives-sales | 2022-11-17T11:03:11 | en | 0.966634 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nhl/winnipeg-jets/articles/41539378 | 2022-11-17T11:03:19 | en | 0.738227 |
Turkey in talks with some countries to import then export energy -Erdogan
- Country:
- Turkey
Turkey is in talks with some countries to import energy which would be later exported, President Tayyip Erdogan was quoted as saying on Thursday, without naming any countries.
In a readout of his comments to reporters on his flight back from the G20 summit, Erdogan said Ankara will work with Moscow to build a nuclear plant with four turbines in the country's northern Sinop province.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Tayyip Erdogan
- Moscow
- Ankara
- Erdogan
- Turkey
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Ukraine says it has downed double the number of warplanes Moscow lost in Afghanistan | https://www.devdiscourse.com/article/headlines/2255038-turkey-in-talks-with-some-countries-to-import-then-export-energy--erdogan | 2022-11-17T11:03:21 | en | 0.953758 |
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