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About 50 people killed in Chad protests, government says
Violence broke out after demonstrators barricaded roads and torched the prime minister's party headquarters as hundreds took to the streets to demand a quicker transition to democratic rule after President Mahamat Idriss Deby seized power last year. A national unity government was formed on Friday to lead Chad for the next two years until elections.
About 50 people were killed and dozens injured in anti-government protests in Chad on Thursday, Prime Minister Saleh Kebzabo told a news conference. Violence broke out after demonstrators barricaded roads and torched the prime minister's party headquarters as hundreds took to the streets to demand a quicker transition to democratic rule after President Mahamat Idriss Deby seized power last year.
A national unity government was formed on Friday to lead Chad for the next two years until elections. But critics are demanding a swifter return to democracy. Police fired tear gas and rubber bullets to break up gatherings throughout the city.
The government said security forces acted only in self-defence. "What happened today is an armed popular uprising to seize power by force and those responsible for this violence will face justice," said Kebzabo.
"The demonstrators had firearms and they are considered rebels." Kebzabo, a historic opponent of Deby's regime, was named prime minister last week.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Mahamat Idriss Deby
- Deby
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Drug smuggler arrested, 416 kg poppy husk seized after police encounter
We seized it with the vehicle and also recovered a pistol and some cartridges from Bishnoi, said Singla. Police have also seized a pistol and live cartridges and initiated a hunt for those on run.
- Country:
- India
A drug smuggler was arrested and 416 kg poppy husk valued at Rs 20 lakh was seized following a face-off with police, officials said on Thursday.
Superintendent of Police (SP), Pali, Gagan Deep Singla said police had received a tip about the transportation of poppy husk in a vehicle on Wednesday night. ''On this information, a nakabandi was set up at an under-bridge near Jadan. During which, police spotted a white Scorpio approaching. When the police signaled to stop the vehicle, its passengers started firing at them forcing policemen to rush for cover,'' Singla said.
In a retaliatory firing by the police, the smugglers left the vehicle and started running away while continuing to fire at the police.
Police managed to get hold of one of them, while others manage to run away. No one was, however, injured in the cross-firing.
The accused caught by the police has been identified as Manish Bishnoi (32) from Luni in Jodhpur.
''On checking the vehicle, we found 416 kg of poppy husk packed in the sacks in the vehicle. We seized it with the vehicle and also recovered a pistol and some cartridges from Bishnoi,'' said Singla. Police have also seized a pistol and live cartridges and initiated a hunt for those on run.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- Jodhpur
- Luni
- Bishnoi
- Manish Bishnoi
- Pali
- Singla
- Gagan Deep Singla
- Jadan
- Scorpio
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Rajasthan CM reviews preparations for National Jamboree to be held in Pali | https://www.devdiscourse.com/article/law-order/2221447-drug-smuggler-arrested-416-kg-poppy-husk-seized-after-police-encounter | 2022-10-20T17:01:48 | en | 0.962326 |
Now that the 2022 season is over for the New York Mets, we will spend the next several weeks taking a look at the big picture. This deep dive will be broken down into phases every weekday, continuing today with a look at the Mets’ 2022 MVP.
When you win 101 games, it is very easy to have a lot of different MVP candidates. Six different players took home Met of the Month awards during the season and that group didn’t include Jeff McNeil, the National League batting champion, Max Scherzer, Francisco Lindor or Jacob deGrom. While all of them put up excellent years and Pete Alonso should receive down-ballot MVP votes for his power performance, the MVP of the 2022 Mets has to be closer Edwin Diaz.
The Mets’ bullpen was shaky as a whole but was still a strong unit thanks to the presence of Diaz, who delivered his finest big league season thanks to some smart usage from new manager Buck Showalter. Diaz racked up 31 saves on the season and blew just three, with none coming after a May 24 effort against the San Francisco Giants that resulted in his only loss of the season. Opposing batters couldn’t figure out Diaz, who held them to a .160 batting average and .260 slugging percentage against him. Diaz struck out an absurd 118 batters in just 62 innings pitched, which is an incredibly efficient way to prevent runs.
Showalter was also aggressive with his usage of Diaz, often bringing him in earlier than the ninth inning when the opposing team had their best hitters due up. Diaz responded to each challenge and met the moment, picking up critical outs that the Mets would need in order to secure a victory on that night. This usage did prevent Diaz from having even more saves on his resume ahead of free agency but Diaz was selfless, putting the needs of the team ahead of his own individual statistics, a trait he showcased in the All-Star Game by encouraging National League manager Brian Snitker to give Pittsburgh closer David Bednar the ninth inning instead of himself since it was Bednar’s first All-Star appearance.
Diaz even went viral thanks to SNY’s excellent production of his entrance to games to Narco by Blasterjaxx. The musician behind the famous trumpets in the song, Timmy Trumpet himself, even came out to Citi Field to perform the song live when Diaz entered a critical game against the Los Angeles Dodgers in late August.
The brilliant walk-year performance couldn’t have been more well-timed for Diaz, who is set to become a free agent after the World Series, but he has indicated his preference is to remain in New York. The Mets should be highly motivated to work out a new deal before Diaz hits the market since he is one of the most irreplaceable players on the team right now.
Check back tomorrow as we wrap up our Season In Review Series with a look at the questions the Mets will have to answer this offseason! | https://thesportsdaily.com/news/new-york-mets-2022-season-in-review-mvp-m1d1/ | 2022-10-20T17:01:52 | en | 0.979949 |
At least 151 people killed in renewed violence in Sudan's Blue Nile state
Blue Nile state had seen tribal clashes over land disputes in July, and a flare up in September, resulting in 149 people killed and almost 65,000 displaced by earlier this month, the United Nations said. That violence was renewed one week ago, on Oct. 13, with fighting involving the Hausa and Hamaj tribes in addition to others in the Wad Almahi area over several days, the U.N. said in a separate statement on Thursday.
- Country:
- Sudan
At least 151 people were killed and 86 injured in fighting in Sudan's Blue Nile state over recent days, medical sources said on Thursday, the latest outbreak of violence to rock remote conflict-weary regions. Despite a peace deal signed in 2020 with some of Sudan's rebel groups in the western Darfur region and in Blue Nile and southern Kordofan, tribal fighting has steadily increased.
Analysts blame the fighting on unresolved issues of land and citizenship as well as the militarisation of tribal groups. It threatens to further destabilise the country which has been in political and economic turmoil since the military seized power and disbanded a civilian-led government a year ago. Blue Nile state had seen tribal clashes over land disputes in July, and a flare up in September, resulting in 149 people killed and almost 65,000 displaced by earlier this month, the United Nations said.
That violence was renewed one week ago, on Oct. 13, with fighting involving the Hausa and Hamaj tribes in addition to others in the Wad Almahi area over several days, the U.N. said in a separate statement on Thursday. Witnesses told Reuters that clashes continued on Wednesday. Medical sources told Reuters those killed included women and childre, with signs of bullet wounds, burning, and stabbing.
Earlier this week, violence had flared in another southern province, West Kordofan, following a tribal dispute over land. The Sudanese military accused the rebel group led by Abdelaziz al-Hilu, who did not sign the agreement, of exacerbating the conflict, while his group in a statement accused the paramilitary Rapid Support Forces. The U.N. said that at least 36,500 had fled Lagowa, the site of the violence, and that 19 were killed and 34 injured.
"Sustainable peace won't be possible without a fully functional credible government that prioritises local communities' needs including security addresses the root causes of conflict," the U.N.'s special mission said in a tweet commenting on the incidents in both states.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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United Nations condemns Russia's move to annex parts of Ukraine | https://www.devdiscourse.com/article/law-order/2221452-at-least-151-people-killed-in-renewed-violence-in-sudans-blue-nile-state | 2022-10-20T17:01:57 | en | 0.966878 |
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Putin shown firing rifle as he inspects mobilised soldiers
Russian President Vladimir Putin on Thursday inspected a training ground for mobilised troops and was shown firing shots from a sniper rifle in footage apparently intended to show his personal backing for soldiers heading to fight in Ukraine. Putin was accompanied on the trip to Ryazan, southeast of Moscow, by Defence Minister Sergei Shoigu, who reported to him on how the men were being trained, the Kremlin said.
Russian President Vladimir Putin on Thursday inspected a training ground for mobilised troops and was shown firing shots from a sniper rifle in footage apparently intended to show his personal backing for soldiers heading to fight in Ukraine.
Putin was accompanied on the trip to Ryazan, southeast of Moscow, by Defence Minister Sergei Shoigu, who reported to him on how the men were being trained, the Kremlin said. Footage showed a figure who appeared to be Putin lying flat on the ground and firing from a rifle. In the next frame, Putin was seen dusting down his overcoat, slapping a soldier on the shoulder and wishing him good luck.
The visit came a day after Putin raised Russia's war footing and declared martial law in four occupied regions of Ukraine that he moved to annex last month in a step condemned as illegal by Ukraine, its allies and the United Nations General Assembly. Faced with a series of defeats in the war, Putin last month declared a "partial mobilisation" to call up hundreds of thousands of extra troops.
It has proceeded chaotically, with frequent cases of call-up papers going out to the wrong men, and even Putin has been forced to acknowledge mistakes. Hundreds of thousands of Russians have fled abroad to escape being drafted. Putin said last Friday the mobilisation would be over within two weeks. On Thursday he ordered all Russia's regions to do more to support army needs and stressed that all mobilised men needed to be sent to the front with proper equipment. (Writing by Mark Trevelyan Editing by Alexandra Hudson)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Kremlin: Russia must be part of Nord Stream pipeline probe | https://www.devdiscourse.com/article/law-order/2221458-putin-shown-firing-rifle-as-he-inspects-mobilised-soldiers | 2022-10-20T17:02:05 | en | 0.971352 |
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Punjab and Delhi Police bust arms smuggling racket run from Canada
- Country:
- India
Punjab police in a joint operation with Delhi Police's Special Cell on Thursday busted an arms smuggling racket, operated by Canada-based gangster Lakhbir Singh alias Landa, a senior officer said.
Police arrested three people and recovered one AK-47 and three pistols from their possession, said Punjab Police chief.
The gang was busted by Amritsar Police and Punjab Police's Anti-Gangster Task Force in a joint operation with the Delhi police Special Cell.
''In a joint operation with Delhi Police Special Cell, @CPAmritsar & #AGTF have busted #Arms smuggling racket, operated by #Canada-based Landa. #Arrested 3 persons and Recovered 1 AK-47 & 3 pistols,'' Punjab DGP Gaurav Yadav said in a tweet.
Further investigations are on to find their associates and other consignments, he said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/law-order/2221463-punjab-and-delhi-police-bust-arms-smuggling-racket-run-from-canada | 2022-10-20T17:02:13 | en | 0.955626 |
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Kevin Spacey's sex abuse denials 'not worthy of your belief,' lawyer tells jury
A lawyer for a man who says Kevin Spacey sexually abused him when he was 14 told a Manhattan jury on Thursday that the Oscar-winning actor’s denials were "inconsistent," as a civil case over the alleged abuse draws to a close. Anthony Rapp, now 50, accused Spacey of making an unwanted sexual advance on him 1986, when he was 14-years-old and Spacey was 26.
A lawyer for a man who says Kevin Spacey sexually abused him when he was 14 told a Manhattan jury on Thursday that the Oscar-winning actor’s denials were "inconsistent," as a civil case over the alleged abuse draws to a close.
Anthony Rapp, now 50, accused Spacey of making an unwanted sexual advance on him 1986, when he was 14-years-old and Spacey was 26. Spacey denied the allegation on the stand and said he had never been alone with Rapp. Rapp’s lawyer, Richard Steigman, urged jurors to discredit Spacey’s recollection of the events.
“It’s inconsistent. It's not worthy of your belief,” Steigman said during closing arguments. Spacey's lawyer, Jennifer Keller, said during her closing arguments that Rapp's story was a fabrication.
"We're here because Mr. Rapp has falsely alleged abuse that never occurred at a party that was never held in a room that did not exist," Keller said. The trial in Manhattan federal court began on Oct. 6, just under five years after Spacey's career was upended by sexual misconduct allegations in the early days of the #MeToo movement. He has denied any misconduct.
Keller urged jurors to ignore the sexual politics of the case. "This isn’t a team sport where you’re either on the MeToo side or the other side," Keller said.
Rapp sued Spacey for battery and intentional infliction of emotional distress in November 2020. During the trial, Judge Lewis A. Kaplan dismissed the emotional distress claim but allowed the rest of the lawsuit to proceed.
Spacey won Oscars for performances in "American Beauty" and "The Usual Suspects," but his career largely ended after more than 20 men accused him of sexual misconduct. Spacey faces a criminal trial in London next year after pleading not guilty to five sex offense charges over alleged assaults between 2005 and 2013.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Musical 'Matilda' opens London Film Festival | https://www.devdiscourse.com/article/law-order/2221467-kevin-spaceys-sex-abuse-denials-not-worthy-of-your-belief-lawyer-tells-jury | 2022-10-20T17:02:21 | en | 0.975863 |
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UN says tribal clashes killed 19 in southern Sudan province
Over the past week, renewed clashes in Blue Nile killed 13 more people, OCHA said.Sudan has been plugged into turmoil since a coup last October that upended the countrys brief democratic transition after three decades of autocratic rule by Omar al-Bashir.
- Country:
- Egypt
Days of tribal clashes in southern Sudan have killed at least 19 people and wounded dozens, the United Nations said Thursday, the latest flare-up to hit this African nation in recent months. The violence in West Kordofan province erupted last week following a gunfight between the Misseriya and Nuba ethnic groups amid a land dispute near the town of Al Lagowa, according to the U.N. Office for the Coordination of Humanitarian Affairs, or OCHA. On Tuesday, the state governor visited the town to talk to local residents in a bid to de-escalate the conflict before coming under artillery fire from a nearby mountainous area, OCHA said. There were no reports of casualties from the artillery fire.
In a statement published on Wednesday, the Sudanese Army accused the Sudan People's Liberation Movement-North, a rebel group active in the Blue Nile and South Kordofan, of being behind the attack on Al Lagowa. The rebel group has not responded to the accusation. The violence prompted around 36,500 people to flee Al Lagowa while many who remained sought shelter in the town's army base, OCHA added. The area is currently inaccessible to humanitarian aid, the agency said.
The clashes are the latest in inter-communal violence across Sudan's neglected peripheries. Fighting that broke out between two tribal groups in Sudan's Blue Nile state in July had killed 149 people by early October. Over the past week, renewed clashes in Blue Nile killed 13 more people, OCHA said.
Sudan has been plugged into turmoil since a coup last October that upended the country's brief democratic transition after three decades of autocratic rule by Omar al-Bashir. He was toppled in an April 2019 popular uprising, paving the way for a civilian-military power-sharing government.
Eisa El Dakar, a local journalist from West Kordofan, told The Associated Press last week that the conflict there is partially rooted in the two ethnic groups conflicting claims to local land, with the Misseriya being predominately a herding community and the Nuba mostly farmers. Much of Kordofan and other areas in southern Sudan have been rocked by chaos and conflict over the past decade. Many analysts consider the rising violence a product of the power vacuum in the region, caused by the military coup last October. The violence has also further imperiled Sudan's already struggling economy, compounded by fuel shortages caused, in part, by the war in Ukraine.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Guterres says Central African Republic must ‘spare no effort’ to help bring killers of UN peacekeepers to justice | https://www.devdiscourse.com/article/law-order/2221471-un-says-tribal-clashes-killed-19-in-southern-sudan-province | 2022-10-20T17:02:29 | en | 0.950139 |
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EXPLAINER-What legal woes does Trump face?
James is also seeking to have the defendants disgorge around $250 million that she described as obtained through fraud. After James announced the lawsuit, Trump in a social media post called the action "Another Witch Hunt." A lawyer for Trump called the lawsuit's claims "meritless." James said her probe also uncovered evidence of criminal wrongdoing, which she referred to federal prosecutors and the Internal Revenue Service for investigation. NEW YORK CRIMINAL PROBE The Trump Organization is set to go on trial on Oct. 24 on New York state criminal tax fraud charges.
Former U.S. President Donald Trump is facing legal scrutiny from state, congressional and federal investigators on a range of issues - from the storming of the U.S. Capitol by his supporters, to allegedly inflating the value of his properties to secure favorable loans and tax benefits.
Here is a look at some of the numerous investigations and lawsuits that Trump faces as he considers another run for the presidency in 2024. MISSING GOVERNMENT RECORDS
The U.S. Justice Department is conducting a criminal investigation of Trump for retaining government records, including some marked as classified, after leaving office in January 2021. The FBI seized 11,000 documents from Trump's Mar-a-Lago estate in Florida in a court-approved Aug. 8 search, including about 100 marked as classified. Some were designated top secret, the highest level of classified information. The department began its investigation after the National Archives, the U.S. agency responsible for preserving government records, tried to get Trump to return missing government property and received 15 boxes with classified documents mixed in.
Trump has accused the Justice Department of engaging in a partisan witch hunt. A so-called special master, Senior U.S. District Judge Raymond Dearie, is reviewing the seized documents to determine whether any are protected by attorney-client privilege or by executive privilege, a legal doctrine under which a president can keep certain documents or information secret.
The Justice Department is also asking a federal appeals court to end that review and to let them access unclassified materials taken in the search, arguing that both measures are hindering their criminal investigation. NEW YORK ATTORNEY GENERAL CIVIL SUIT
New York Attorney General Letitia James said in a civil lawsuit filed last month that her office uncovered more than 200 examples of misleading asset valuations by Trump and the Trump Organization between 2011 and 2021. James accused Trump of inflating his net worth by billions of dollars to satisfy loan terms and get better insurance coverage. James is seeking to permanently bar Trump, his sons Donald Trump Jr. and Eric Trump and his daughter Ivanka Trump from running companies in New York state, and to prevent them and his company from buying new properties and taking out new loans in the state for five years. James is also seeking to have the defendants disgorge around $250 million that she described as obtained through fraud.
After James announced the lawsuit, Trump in a social media post called the action "Another Witch Hunt." A lawyer for Trump called the lawsuit's claims "meritless." James said her probe also uncovered evidence of criminal wrongdoing, which she referred to federal prosecutors and the Internal Revenue Service for investigation.
NEW YORK CRIMINAL PROBE The Trump Organization is set to go on trial on Oct. 24 on New York state criminal tax fraud charges. Its former chief financial officer Allen Weisselberg, also named as a defendant in the James lawsuit, has pleaded guilty and is required to testify against the company as part of his agreement with prosecutors.
Alvin Bragg, the Manhattan district attorney, has also been investigating whether Trump misled lenders and others about asset valuations. Trump has denied wrongdoing and called the probe politically motivated. DEFAMATION CASE
E. Jean Carroll, a former Elle magazine writer, sued Trump for defamation in 2019 after he denied her allegation that he raped her in the 1990s in a New York City department store. Trump accused her of lying to drum up sales for a book. Trump appeared on Wednesday for a deposition in the case, according to his and Carroll's lawyers.
In a letter made public on Sept. 20, a lawyer for Carroll said she also plans to sue Trump for battery and intentional infliction of emotional distress under a new state law in New York giving adult accusers a one-year window to bring civil claims over alleged civil misconduct regardless of when it occurred. A lawyer for Trump has argued that he is protected by a federal law that makes government employees immune from defamation claims. Trump was president at the time the lawsuit was filed.
The Manhattan-based 2nd U.S. Circuit Court of Appeals said last month that Trump was a federal employee when he called Carroll a liar, but left open the question of whether he was acting as president when he made the statement to a Washington, D.C., appeals court. U.S. CAPITOL ATTACK
A House of Representatives committee investigating the Jan. 6, 2021, assault by Trump supporters on the U.S. Capitol is investigating whether he broke the law in actions taken to try to overturn his 2020 election defeat. The rioters sought to block Congress from certifying the election results. The committee unanimously voted last week to subpoena Trump as part of its probe. Trump could face a misdemeanor charge if he does not comply. The former president could also challenge it in court, as he has done with other subpoenas, which would likely tie the matter up in litigation until the committee concludes its work.
Committee vice chair Liz Cheney has said the committee could make multiple referrals to the Justice Department seeking criminal charges against Trump, who has accused the panel of conducting a politically motivated sham investigation. The committee cannot charge Trump with federal crimes. That decision must be made by the Justice Department, led by Attorney General Merrick Garland. The panel is expected to issue a written report on its findings in the coming weeks.
GEORGIA ELECTION TAMPERING PROBE A special grand jury was selected in May to consider evidence in a Georgia prosecutor's inquiry into Trump's alleged efforts to influence that state's 2020 election results.
The investigation focuses in part on a phone call Trump made to Georgia Secretary of State Brad Raffensperger, a Republican, on Jan. 2, 2021. Trump asked Raffensperger to "find" the votes needed to overturn Trump's election loss. Legal experts said Trump may have violated at least three Georgia criminal election laws: conspiracy to commit election fraud, criminal solicitation to commit election fraud and intentional interference with performance of election duties.
Trump could argue he was engaging in constitutionally protected free speech. A California federal judge said on Wednesday in a separate lawsuit that Trump had knowingly made false voter fraud claims in a Georgia election lawsuit, according to emails the judge reviewed. It is not immediately clear what ramifications Trump could face from the ruling.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Republican Ben Sasse suggests he is ready to leave U.S. Senate | https://www.devdiscourse.com/article/law-order/2221474-explainer-what-legal-woes-does-trump-face | 2022-10-20T17:02:37 | en | 0.973972 |
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At least 23 killed in Nigeria after herdsmen attack villagers
Benue is one of Nigeria's Middle Belt states, where the majority Muslim North meets the predominantly Christian South. Competition over land use is particularly intractable in the Middle Belt as the fault lines between farmers and herders often overlap with ethnic and religious divisions.
- Country:
- Nigeria
Clashes between herdsmen and farmers in the Nigerian state of Benue left at least 23 people dead, a local official said on Thursday, the latest deadly incident fuelled by growing pressure on land resources in Africa's most populous country. Violence between farmers and pastoralists has become increasingly common in recent years as population growth leads to an expansion of the area dedicated to farming, leaving less land available for open grazing by nomads' herds of cattle.
Kertyo Tyounbur, chairman of the Ukum local government area of Benue where the violence took place, gave a death toll of 23. Local resident William Samson said the trouble started on Tuesday when villagers killed two herders and stole their cattle. This was followed by a reprisal attack by herdsmen on Wednesday on the village of Gbeji, he said.
Reuters could not verify his account from other sources in the remote rural area. Benue is one of Nigeria's Middle Belt states, where the majority Muslim North meets the predominantly Christian South.
Competition over land use is particularly intractable in the Middle Belt as the fault lines between farmers and herders often overlap with ethnic and religious divisions. The Boko Haram insurgency in the northeast has worsened the problem by driving herders into the Middle Belt and further south, analysts say, while climate change and increasing aridity in the North are also contributing factors.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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WRAPUP 3-South Korea, U.S. fire missiles into the sea to protest 'reckless' North Korea test
Magnitude 5.7 earthquake strikes northwestern Iran - USGS | https://www.devdiscourse.com/article/law-order/2221475-at-least-23-killed-in-nigeria-after-herdsmen-attack-villagers | 2022-10-20T17:02:46 | en | 0.959484 |
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UK foreign minister: Iran's support for Russia against Ukraine 'deplorable'
- Country:
- United Kingdom
Britain said on Thursday Iran's support for Russia's war in Ukraine was deplorable as it sanctioned senior military figures and a firm it said were involved in the supply of Iranian drones to Moscow.
"Iran’s support for Putin’s brutal and illegal war against Ukraine is deplorable," Foreign Secretary James Cleverly said in a statement.
"Today we are sanctioning those who have supplied the drones used by Russia to target Ukrainian civilians. This is clear evidence of Iran’s destabilising role in global security."
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Research reveals a method to slow down ageing
Researchers at Nanyang Technological University in Singapore (NTU Singapore) have discovered that 'turning on' the stress response in cells at a post-reproductive age may be the secret to delaying ageing and extending life.
Researchers at Nanyang Technological University in Singapore (NTU Singapore) have discovered that 'turning on' the stress response in cells at a post-reproductive age may be the secret to delaying ageing and extending life. The NTU Singapore team conducted lab tests on a species of roundworm that is comparable to people and discovered that feeding old worms a high-glucose diet prolonged their lifetime in comparison to worms fed a normal diet by turning on this stress response in these worms.
The NTU team reported its findings, which were published on October 19 in Nature Communications, as the first time a connection between this stress response and ageing had been discovered. The scientists said their findings open the door to the creation of medicines that could delay the onset or even combat age-related illnesses like cancer, dementia, and stroke, however further research is required to fully grasp this connection.
Associate Professor Guillaume Thibault, a cell biologist from the NTU School of Biological Sciences and the study's principal investigator, stated: "Aging is a significant risk factor for a number of human disorders, from metabolic diseases like diabetes to cancer and neurological diseases. Finding the molecular mechanisms behind ageing could advance the development of new treatment approaches to treat age-related diseases from the point of view of public health. "While our study found that a high-glucose diet could be useful to slow down ageing and promote longevity in aged worms, we are not recommending that the aged population should now turn to a high-sugar diet. What this study does show is that triggering certain stress responses in cells may translate to longevity, and that activating this stress response with a drug might be critical to decelerate cellular ageing."
Aside from showing that the effect of manipulating this stress response in aged worms, the NTU scientists also showed that the same response, when 'switched off' in young worms fed a high-glucose diet, helped them to live longer than worms on a normal diet. Commenting as an independent expert, Professor Rong Li, Director of the Mechanobiology Institute at the National University of Singapore said: "Metabolic diseases have serious consequences in the elderly if left untreated. This work is impactful because the scientists identified a cellular pathway, called the unfolded protein response, which affects lifespan in animals fed a high glucose diet. They found that inhibiting this pathway dramatically extended the lifespan of these animals. They therefore propose that targeting this pathway may extend lifespan in humans with metabolic disorder."
This study is aligned with the research pillar of the University's NTU2025 five-year strategic plan, which focuses on health and society as one area with potential for significant intellectual and societal impact. How the cell's stress response is activated
Cells produce a stress response when stressors (such as an excess of glucose) cause a build-up of problematic 'unfolded' proteins in the cell. The stress response, called the unfolded protein response, works to clear up these problematic proteins to restore balance in the cell. Ageing could also lead to an accumulation of unfolded proteins due a natural decline in the ability of the cell's machinery to produce healthy proteins, triggering the same stress response.
The molecular machinery in the cell tackles this build-up through its 'stress sensors', which initiate a series of molecular mechanisms to rescue the cell from this stress. If the overload of unfolded proteins is not resolved, the prolonged unfolded protein response induces cell death instead. Unfolded protein response in aged worms led to healthier ageing
To investigate how the unfolded protein response affects longevity in animals, the scientists induced this response in adult roundworms (Caenorhabditis elegans) using glucose. While C. elegans is significantly anatomically simpler than a human, it relies on many of the same genes that humans do to control the division of cells and to programme faulty cells to die. The scientists fed some of the worms a high-glucose diet at two different life stages: young i.e.at the start of their adulthood (Day 1), and at a post-reproductive age (Day 5), when the worms are aged and no longer fertile. A control group of worms were fed a normal diet throughout.
The scientists found that the aged worms given a high-glucose diet lived for 24 days -- almost twice the lifespan of the young worms given the same diet (13 days). Worms on a normal diet lived for 20 days. Aside from living longer, the aged worms on a high-glucose diet were more agile and had more energy storage cells as compared to worms given a normal diet, suggesting healthier ageing.
Prolonged stress response in young worms led to cell death A day after feeding the worms a high-glucose diet, the NTU scientists monitored the activity of the three stress sensors that are each responsible for a cellular pathway in the unfolded protein response.
They found that that one of the stress sensors, IRE1, was significantly more active in young worms compared to aged worms. When the scientists removed the gene coding for IRE1 in worms to 'switch off' the cellular pathway the stress sensor initiates, they found that young worms fed a high-glucose diet from Day 1 lived for 25 days -- twice as long as when the IRE1 gene was intact.
This suggests that the increased activity of stress sensor IRE1 seen in young worms fed a high-glucose diet from Day 1 -- what the scientists say is a prolonged unfolded protein response -- was responsible for shortening their lifespan. Assoc Prof Thibault said: "We believe that the high-glucose diet fed to the aged worms stimulated their otherwise sluggish unfolded protein response and switched on certain cellular pathways, tackling not just the stress caused by excess glucose but also other ageing-related stress, restoring cellular stability.
"In contrast, young worms subjected to a high-glucose diet provoked unresolved stress in the cells due to an overactivated IRE1. This prolonged activation led the cells to initiate cell death instead." The findings suggest that a drug that reduces the activity of IRE1 while increasing the activity of the other two stress sensors could potentially be developed to decelerate cellular ageing and consequently extend lifespans, he added. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Researchers discover amygdale in brain is reason behind overeating
Fear is controlled by the amygdala, a part of the brain. Researchers have shown that the amygdala is also responsible for overeating. Professor Bo Li of Cold Spring Harbor Laboratory (CSHL) uncovered a set of neurons in the amygdala that causes mice to devour fatty or sweet meals even when they are not hungry. Therapeutics targeting these neurons might lead to novel obesity treatments with low side effects.
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Fear is controlled by the amygdala, a part of the brain. Researchers have shown that the amygdala is also responsible for overeating. Professor Bo Li of Cold Spring Harbor Laboratory (CSHL) uncovered a set of neurons in the amygdala that causes mice to devour fatty or sweet meals even when they are not hungry. Therapeutics targeting these neurons might lead to novel obesity treatments with low side effects. The findings of the study were published in the journal Nature Neuroscience.
Like most people, mice also tend to find foods high in fat and sugar the tastiest. They may indulge in these treats for pleasure, rather than for survival. The neurons Li and his colleagues studied trigger this behavior, called hedonic eating. Li notes: "Even if the animal is supposed to stop eating because they are already full, if those neurons are still active, it can still drive those animals to eat more."
Almost no one succeeds in long-term weight management when treating obesity, Li said. Metabolic processes in the body often reverse any progress that's made. Therapeutics can help increase the odds of successful treatment, but many drugs have unwanted side effects. "The medications currently available to aid weight management can cause significant side effects. So, a more targeted approach is needed," Li said. "Identifying the brain circuitry that controls eating is important for developing better treatment options for people who struggle to control their weight." When the team switched off the specific neurons, mice weren't drawn to the fatty, sugary foods that had tempted them before. "They just happily ate and stayed healthy," Li said. "They not only stopped gaining weight, but also seemed to be much healthier overall." Switching these neurons off reduced overeating and protected against obesity. It also boosted the animals' physical activity, leading to weight loss and better metabolic health.
Li and his team are exploring ways to manipulate the neurons that trigger hedonic eating. The next step, he says, is to map out how these neurons respond to different types of food and see what makes them so sensitive. He hopes this collaboration will lead to new strategies for effective anti-obesity therapeutics. For this study, Li and CSHL Associate Professor Stephen Shea combined their neuroscience expertise with CSHL Professor Tobias Janowitz's expertise in metabolism and endocrinology. They also collaborated with CSHL Assistant Professor Semir Beyaz, an expert in gut and nutrition research. It's part of an ongoing, multidisciplinary initiative at CSHL to research the connections between the brain and the body. (ANI)
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Is this the respect for women PM was preaching: Kharge over release of Bilkis case convicts
Congress president-elect Mallikarjun Kharge Thursday took on Prime Minister Narendra Modi over a Union minister defending the release of convicts in the Bilkis Bano case and asked if this was the respect for women he was preaching.Citing Modis remarks that respect for women is important for Indias growth, he said alleged that BJP leaders are attending events hosted by another rape convict out on parole.PM Modi said respect for women is an important pillar for Indias growth.
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Congress president-elect Mallikarjun Kharge Thursday took on Prime Minister Narendra Modi over a Union minister defending the release of convicts in the Bilkis Bano case and asked if this was the respect for women he was preaching.
Citing Modi's remarks that respect for women is important for India's growth, he said alleged that BJP leaders are attending events hosted by another rape convict out on parole.
''PM Modi said respect for women is an important pillar for India's growth. A cabinet minister defends the release of convicts in the Bilkis Bano Case. BJP leaders attend an event hosted by another rape convict who's out on parole. Is this the respect for women that PM was preaching,'' Kharge asked on Twitter.
Bilkis Bano was 21 years old and five-month pregnant when she was gang-raped while fleeing the riots that broke out after the Godhra train burning incident. Her three-year-old daughter was among the seven family members killed.
The 11 men convicted in the case walked out free from the Godhra sub-jail on August 15 after the Gujarat government allowed their release under its remission policy. The Gujarat government has told the top court that the Ministry of Home Affairs approved the premature release of the 11 convicts vide letter dated July 11, 2022. It also disclosed the proposal was opposed by the Superintendent of Police, CBI, Special Crime Branch, Mumbai and the Special Civil Judge (CBI), City Civil and Sessions Court, Greater Bombay.
The Congress has hit out at the BJP and Prime Minister Modi over the early release of convicts in the Bilkis Bano gang-rape case and said it is for the people of the country to judge if the action was right.
''It is repugnant, reprehensible and revolting that an elected government chose to release these convicts in such a cavalier manner. The grant of premature release to the convicts in the Bilkis Bano case is a stain on this government's legacy that will never wash off,'' Congress spokesperson Abhishek Singhvi has said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Liz Truss resigns after six weeks as UK prime minister
Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31. NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country. Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson.
Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged much of her own party. The Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years, will elect a new leader by Oct. 28.
That contest is likely to pit ex-finance minister Rishi Sunak against Penny Mordaunt, but could also see the return of former premier Boris Johnson, who was ousted in July when his ministers resigned en masse to force him out of power. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history.
"I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party," said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent. Truss became Britain's fourth prime minister in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers.
She had promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. Appointed on Sept. 6, she was forced last week to sack her finance minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and British bonds. Approval ratings for her and the Conservative Party collapsed.
On Wednesday she lost the second of the government's four most senior ministers, faced laughter as she tried to defend her record to parliament and saw her lawmakers openly quarrel over policy, deepening the sense of chaos at Westminster. New finance minister Jeremy Hunt is now racing to find tens of billions of pounds of spending cuts to try to reassure investors and rebuild Britain's fiscal reputation.
With the economy heading into recession and inflation running at a 40-year high, millions of Britons are struggling with a cost-of-living crisis. Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31.
NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country.
Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson. Penny Mordaunt, a former defence minister, could also run, along with Suella Braverman, the interior minister who quit on Wednesday.
Johnson, who still faces an investigation into whether he misled parliament after he and his staff held a string of parties during COVID-19 lockdowns, may also be a candidate. The face of the 2016 Brexit vote has loomed large over politics since he became London Mayor in 2008. He led his party to a landslide election victory in 2019 but was driven out of office in July by colleagues who were disgusted by his conduct.
"I hope you enjoyed your holiday boss. Time to come back," one Conservative lawmaker, James Duddridge, said on Twitter. "Few issues at the office that need addressing. #bringbackboris". Party members and Conservative lawmakers are expected to be given a say in the vote. A poll earlier this week showed most members wanted Johnson to return, but betting odds put Sunak as the favourite, ahead of Mordaunt, defence minister Ben Wallace and Johnson.
As for Truss, she will enter the history books as the prime minister with the shortest tenure in office, replacing George Canning, who had held the role for 119 days when he died in 1827. The rapid demise of Truss, in just the latest bout of turmoil to hit Westminster - has prompted many Conservative lawmakers to openly despair about the state of Britain's most successful political party.
Asked if they could recover from this, one lawmaker replied: "Never in a million years." The main opposition Labour Party - and many voters - have called for a general election.
"She's not been voted in and certainly, the policy decisions she made, none of the British people asked for any of those," 50-year-old Kelly Rodgers told Reuters outside Downing Street. "So (it's) right and proper she should go." "But equally, she's just symbolic of her party - it's absolute chaos."
(Writing by Kate Holton; additional reporting by Farouq Suleiman, William James, Sachin Ravikumar, Kylie MacLellan and Reuters TV; Editing by Catherine Evans)
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France says both Macron and Germany's Scholz want lower energy prices
European Union leaders went into their second summit in two weeks on Thursday to find solutions to the energy crunch they all face, but a rift over whether to put a ceiling on gas prices set the stage for a long night of testy talks.
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French President Emmanuel Macron and German Chancellor Olaf Scholz met on the sidelines of the ongoing EU meeting in Brussels and expressed a shared will to lower energy prices and preserve European unity, said the French presidential palace. "They also agreed to encourage French and German ministers to keep on talking with each other so that the next joint Franco-German cabinet meeting will be the most ambitious and substantial possible and that a new date can be set soon," added the Elysee.
On Wednesday, French and German governments postponed a meeting planned for next week until January, after what sources told Reuters were divisions including over energy policy and defence. European Union leaders went into their second summit in two weeks on Thursday to find solutions to the energy crunch they all face, but a rift over whether to put a ceiling on gas prices set the stage for a long night of testy talks.
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Arizona asks federal prosecutors to probe possible voter intimidation
Arizona state officials have asked the U.S. Department of Justice to investigate a case of possible voter intimidation when a group of people followed a voter in Maricopa County dropping off a ballot at a drop box for the upcoming midterm elections. A spokesperson for the Arizona secretary of state's office, Sophia Solis, on Thursday said her office had also asked the state's attorney general to look into the incident.
Arizona state officials have asked the U.S. Department of Justice to investigate a case of possible voter intimidation when a group of people followed a voter in Maricopa County dropping off a ballot at a drop box for the upcoming midterm elections.
A spokesperson for the Arizona secretary of state's office, Sophia Solis, on Thursday said her office had also asked the state's attorney general to look into the incident. The Justice Department confirmed it had received the referral, but declined further comment. "The voter was approached and followed by a group of individuals when the voter was trying to drop off their ballot at an early voting drop box on Monday," Solis said.
The attorney general's office did not immediately respond to a request for comment before normal business hours. Since his 2020 election defeat, former U.S. President Donald Trump has continually voiced false claims that his loss was the result of widespread fraud, though reviews by multiple courts, state election officials and members of his own administration rejected his claims.
But the belief has taken root. Some 51% of Americans, and 71% of Republicans, say they believe that voter fraud is a widespread problem, according to Reuters/Ipsos polling. Officials in at least three additional states - North Carolina, Colorado and Nevada - have reported incidents of voter intimidation this election cycle, though it is unclear if any have led to a criminal referral.
In North Carolina alone, officials noted unusually aggressive observers during May's primary elections in 16 counties. Officials in Arizona have previously said they were aware of reports of voters being monitoring when dropping off votes. Reuters reported earlier in October that many incidents of alleged voter intimidation are being carried out by an expanding group of thousands of grassroots poll observers, many of whom have been recruited by prominent Republican Party figures and activists, a trend that has worried elections experts and officials.
In dozens of cases throughout the country, an onslaught of intimidation and threats has pushed elections officials to resign.
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HILLSBOROUGH, N.C., Oct. 20, 2022 /PRNewswire/ -- Adam & Eve and adameve.com, America's most trusted source for adult products, are back with the latest statistics from an all-new survey that asks adults about their "sexting" habits. And the results may shock you!
Sexting, or the sending and receiving of sexually explicit photos, messages or videos on mobile devices, is a trend that doesn't seem to be going away. Compared with Adam & Eve's survey results from 10 years ago, adults seem to have embraced the virtual habit.
When asked if they engaged in sexting, 42% of the respondents admitted they had, compared to only 17% in 2011. While 46% of those polled said they did not sext, that is significantly lower than the 56% polled in 2011 who said they did not. Additionally, 12% of recent respondents preferred not to answer, versus only 2% in 2011.
"Sexting can be a fun, flirty way to let your significant other know you are thinking of them during the day or when you are separated by distance," says Dr. Jenni Skyler, resident sexologist at Adam & Eve. "As a method of foreplay, sexting can set the mood and let your partner know exactly what's on your mind. I encourage sexting participants to remember that naughty photos and fantasies don't take the place of consent or communication."
Chad Davis, Marketing Director for Adam & Eve, adds, "Adam & Eve offers a wide variety of products that fit any fantasy and comfort level – from mild to wild."
The web-based survey, conducted by an independent third party survey company, of over 1,000 American adults age 18 and up, was sponsored by Adam & Eve to study sexual preferences and practices.
For more information about Adam & Eve, visit their website, https://www.adameve.com. For additional information on Adam & Eve, please contact Adam & Eve Director of Public Relations Katy Zvolerin at 919.644.8100 x 3121 or [email protected].
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HIGHLIGHTS
DEL45 SHAH-2NDLD KEJRIWAL Choose between AAP Nirbhar and Atmanirbhar, says Amit Shah ahead of MCD polls New Delhi Union Home Minister Amit Shah on Thursday said the Arvind Kejriwal-led party wanted Delhi to be AAP Nirbhar while the BJP wanted the national capital to be Atmanirbhar, and asked people to choose between the two in the MCD elections.
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Following are the top stories at 9 PM: NATION DEL51 CONG-MISTRY-LD THAROOR 'One face for me, another for media': Mistry slams Tharoor over allegations of 'irregularities' in Cong prez poll New Delhi: Congress central election authority chairman Madhusudan Mistry on Thursday accused Shashi Tharoor's team of having two faces -- one for the party's poll body and another for the media -- as he rejected allegations of irregularities during the just-concluded AICC presidential poll, according to sources. DEL74 SURVEY-INTERNET SHUTDOWN More people support internet shutdown; sizeable favours surveillance: Lokniti-CSDS New Delhi: A study on Thursday claimed that more people were in support of internet shut down to maintain law and order than those opposing it, and a sizable number of people were in favour of surveillance as well.
DEL57 ISRO-CHANDRAYAAN3 Chandrayaan-3 launch in June next year: ISRO chairman New Delhi: ISRO plans to launch Chandrayaan-3, its third mission to the moon, in June next year with a more robust lunar rover onboard which is crucial for future inter-planetary explorations. BOM38 GJ-LDALL GUTERRES Overconsumption has created planetary emergency, says UN chief Modhera/Kevadia (Guj): United Nations Secretary General Antonio Guterres on Thursday said overconsumption has resulted in a three-fold planetary emergency of climate change, biodiversity loss and pollution, and called for the need to treat the earth's resources judiciously and respectfully.
BOM31 GJ-LDALL PM Modi gives 'reduce, reuse & recycle' mantra; says climate change goes beyond policy-making Kevadia (Gujarat): Prime Minister Narendra Modi on Thursday gave the mantra of 'reduce, reuse and recycle' for sustainable development and reaffirmed India's commitment to tackle the menace of climate change. DEL45 SHAH-2NDLD KEJRIWAL Choose between 'AAP Nirbhar' and Atmanirbhar, says Amit Shah ahead of MCD polls New Delhi: Union Home Minister Amit Shah on Thursday said the Arvind Kejriwal-led party wanted Delhi to be 'AAP Nirbhar' while the BJP wanted the national capital to be Atmanirbhar, and asked people to choose between the two in the MCD elections. BOM29 MH-IMMUNISATION-MANDAVIYA Routine immunisation suffered due to COVID-19, it has to be put back on track: Mandaviya Pune: Union Health Minister Mansukh Mandaviya on Thursday said routine immunisation was affected due to the coronavirus pandemic and the earlier vaccination programme has to be brought back on track. CAL17 WB-MAMATA-LD SOURAV-ICC ICC poll: Sourav deprived to secure someone else's interests, claims Mamata Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday targeted her guns on the BJP-led Central government for allegedly depriving former Indian cricket skipper Sourav Ganguly by not nominating him for the ICC chairman's post, terming it an act of ''shameless political vendetta''. BOM33 ELECTIONS-GUJARAT-PM-TRIBALS Cong insulted tribal culture, but community will teach lesson to party, says PM Modi in Gujarat Vyara, (Guj): Prime Minister Narendra Modi on Thursday accused the Congress of making fun of tribal traditions and culture, and added that people from the community would not forget the ''insult'' and they would ''teach a lesson'' to the party.
DEL72 CONG-BILKIS BANO-KHARGE Is this the respect for women PM was preaching: Kharge over release of Bilkis case convicts New Delhi: Congress president-elect Mallikarjun Kharge Thursday took on Prime Minister Narendra Modi over a Union minister defending the release of convicts in the Bilkis Bano case and asked if this was the respect for women he was preaching.
DEL67 DL-LD DU-ADMISSION DU first merit list: Nearly 61,000 candidates have accepted allotted college and course New Delhi: The Delhi University is expecting that all 70,000 seats for its undergraduate programmes will be filled in the first list, with nearly 61,000 candidates on Thursday already accepting their allotted college and course.
DEL46 ED-KOLKATA-GAMING APP Kolkata gaming app: ED freezes fresh Bitcoins, cash New Delhi: The Enforcement Directorate has frozen Rs 7.12 crore worth of Bitcoins and seized Rs 1.65 crore in cash as part of an ongoing money laundering investigation against the promoter of a Kolkata-based mobile gaming app that is alleged to have duped many people. BUSINESS DEL69 BIZ-CCI-LD GOOGLE CCI slaps Rs 1,337.76 cr penalty on Google for unfair biz practices in Android mobile device ecosystem New Delhi: The Competition Commission on Thursday imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android mobile device ecosystem.
LEGAL LGD17 SC-HATE SPEECH SC seeks Centre, states' response to plea against hate crimes and speeches New Delhi: The Supreme Court on Thursday sought response from the Centre and the states to a plea seeking directions for taking appropriate steps to stop hate speeches against the Muslim community.
LGD14 SC-TEACHER- 2ND LD MLA WB teachers recruitment scam: Arrest of TMC MLA Bhattacharya not illegal, says SC Delhi: The Supreme Court on Thursday dismissed TMC MLA Manik Bhattacharya's plea against his arrest by the Enforcement Directorate in connection with alleged irregularities in recruitment of primary school teachers in West Bengal, observing the ED's action was not illegal. FOREIGN FGN38 UK-TRUSS-2NDLD RESIGN Liz Truss resigns as British PM after six weeks amid open revolt London: Embattled British Prime Minister Liz Truss on Thursday resigned as the Conservative Party leader saying she can no longer deliver the mandate she was elected on last month, ending her humiliating tenure at 10 Downing Street on her 45th day in the job following an open revolt against her chaotic leadership. By Aditi Khanna PTI RDT RDT
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Avalon Healthcare Solutions Highlights Trends & Actionable Information from the Laboratory Ecosystem in Its Annual Lab Trend Report
TAMPA, Fla., Oct. 20, 2022 /PRNewswire/ -- Avalon Health Services, LLC, DBA Avalon Healthcare Solutions, the world's first Lab Insights company, today released its annual Lab Trend Report. Avalon's complimentary report provides insights into the lab ecosystem, including the growing demand for lab testing, regulatory and legislative changes, the digitization of lab results, and the ongoing impact of COVID-19 testing.
The report, the only one of its kind in the industry, is created for healthcare executives and details emerging trends and recent market dynamics that are advancing lab testing's critical role in achieving value-based in the United States.
The Avalon report highlights include:
- Market Forces Affecting Laboratory Diagnostics and Health Plans: Numerous market changes are threatening to increase the overall medical spend and impact operational costs to manage laboratory benefits. The demand for genetic testing and routine testing is expected to continue to rise as society returns to pre-pandemic behavior. The report addresses the challenge of the increasing consumer demand for genetic tests and the exploding development of new tests, including advanced diagnostic lab tests (ADLTs). Solutions discussed in the report are Genetic Test Management and the proposal by federal policymakers to automate the prior-authorization process.
- Legislative and Regulatory Requirements Address Healthcare Affordability: The cost of healthcare remains a big concern for Americans, and federal regulations like the No Surprises Act and the Transparency in Coverage Rule were enacted to improve access to pricing data and increase transparency around unexpected costs. These mandates on health systems and payers are resulting in increased cooperation within the healthcare industry to shape public policy and increase transparency. The report includes insight into lab testing price discrepancies between places of service and the variations in health plan policies, which eventually may result in new regulations.
- Leveraging Digitized Lab Values to Improve Health Outcomes: Avalon's ability to analyze data at scale and combine it with other data sets, with its Lab Insights Program, provides more accuracy in making clinical diagnoses. Laboratory data is a leading indicator of an individual's health, with 70% of medical treatment decisions based on lab test results. The report explains how Avalon captures, digitizes, and normalizes 100% of outpatient laboratory data in near real-time. Avalon's Lab Data Analytics Engine is delivering actional information to health plans, provider groups, and other healthcare stakeholders.
- COVID-19 Changed the Laboratory Market Landscape: The pandemic response increased the healthcare industry and the general public's awareness of laboratory testing, including its impact on informing care and variations in quality and price between test providers. Laboratory testing has been called a "cornerstone" of the nation's COVID-19 response due to direct-to-consumer testing, accelerated research and test manufacturing, and federal mandates on payers covering test costs. The report discusses the impact on payers, the ramifications of unchecked testing utilization, and the varying cost of PCR and antigen tests.
"The Lab Trend Report is an outstanding resource for healthcare executives to delve into the impact that lab testing has on achieving value-based care in this country," said Bill Kerr, M.D., Avalon Healthcare Solutions Chief Executive Officer. "Avalon's expertise in laboratory testing and technology that captures, digitizes, and analyzes lab results provides insights that support earlier disease detection, ensures appropriate treatment protocols, and drives down overall costs. Avalon's team will continue to share our insights through vehicles like the annual Lab Trend Report, while we work with health plans to improve how care is delivered to individuals and populations."
To request the report, visit https://www.avalonhcs.com/2022-lab-trend-report/.
Avalon Healthcare Solutions is the world's first and only Lab Insights company, bringing together our proven Lab Benefit Management solutions, lab science expertise, digitized lab values, and proprietary analytics to help healthcare insurers proactively inform appropriate care, reduce costs, and improve clinical outcomes. Working with health plans across the country, the company covers more than 33 million lives and delivers 7-12% outpatient lab benefit savings. Avalon is pioneering a new era of value-driven care with its Lab Insights Program that captures, digitizes, and analyzes lab results in real-time to provide actionable insights for earlier disease detection, ensuring appropriate treatment protocols, and driving down overall costs.
For more information about Avalon, visit www.avalonhcs.com.
Media Contacts:
Patty Pologruto
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Rhonda Willingham
EVP, Sales & Marketing
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SOURCE Avalon | https://www.prnewswire.com/news-releases/avalon-healthcare-solutions-highlights-trends--actionable-information-from-the-laboratory-ecosystem-in-its-annual-lab-trend-report-301654125.html | 2022-10-20T17:04:13 | en | 0.926867 |
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DUBLIN, Oct. 20, 2022 /PRNewswire/ -- The "China Smart-Road Roadside Perception Industry Report, 2022" report has been added to ResearchAndMarkets.com's offering.
Top 10 roadside perception suppliers: quality suppliers come to the front in each market segment
The growing number of roadside perception players comes with active industrial investment and financing.
The soaring demand for roadside perception is an enticement to ever more entrants. In addition to conventional roadside perception suppliers that make continuous efforts to deploy, technology giants and vehicle perception suppliers among others all have begun to step into the roadside perception field.
The four tech tycoons, Huawei, Baidu, Alibaba and Tencent (HBAT), have all entered the smart-road roadside perception market:
Huawei with the ability to independently develop software and hardware can self-develop full-stack smart roadside perception solutions which have been seen in projects like Beijing-Taipei Expressway, Yanqing-Chongli Expressway and Shenyang Dadong District Smart Bus.
Baidu concentrates on application of vehicle-infrastructure cooperation technology, for example, in Beijing Yizhuang and Yanqing-Chongli Expressway. It provides some perception hardware (cameras), and the rest are customized by its ecosystem partners.
Alibaba has participated in construction of smart highways such as Hangzhou-Shaoxing-Ningbo Expressway in Zhejiang and the Middle Section of Jinan-Qingdao Expressway in Shandong. It provides software platforms and integrated solutions, and roadside perception hardware is offered by its partners.
Tencent has piloted the digital base map mode of radar + ETC real-time perception on Guangzhou-Qingyuan Expressway.
Quality suppliers stand out in each of the multiple roadside perception segments.
This report summarizes and analyzes the top 12 suppliers of roadside perception integrated solutions, and the top 10 suppliers in roadside camera/radar/LiDAR/radar-video all-in-one segments.
Roadside perception technology evolves with market development.
Current roadside perception hardware products include cameras, radars, radar-video all-in-ones, and LiDARs. Cameras are used most widely, with the most mature market and technology; radars have been becoming a standard configuration for communication control systems after their application value was verified, and are more used in vehicle-infrastructure cooperation and smart highways.
(1) Cameras improve resolution and perception in low visibility conditions.
At present, cameras are still the most important perception device that produces the largest amounts of roadside data. The development of smart roads is accompanied by the ever higher requirements for roadside perception hardware. For conventional cameras collect and recognize small amount of information, AI computing power is therefore needed to improve resolution of cameras and add camera functions. Huawei, Dahua Technology, Baidu and Uniview Technologies among others have all introduced their AI cameras.
Furthermore, CiDi proposed a new method for daylight visibility detection and warning using vision + C-V2X technology, and has deployed and promoted it on highways. Utilizing existing surveillance cameras combined with C-V2X technology and roadside edge computing, this method enables roadside devices to response quickly even in low visibility conditions.
(2) The radar frequency band is adjusted according to policies, and 80GHz has become a wide choice.
In December 2021, the Ministry of Industry and Information Technology (MIIT) issued the `Interim Regulations on the Administration of Automotive Radar Radios`, indicating that the 76-79GHz frequency band is used for automotive radars, and shall not be applied by other types of ground-based radars unless otherwise specified by the national radio administration. The document came into effect on March 1, 2022. Considering the frequency band limitation of the MIIT, roadside radar suppliers have also adjusted their product lines. Now 80GHz is a wide choice.
Nanoradar: the MR76S roadside perception radar unveiled in April 2022 staggers the 76-79GHz frequency band for automotive radars and uses 80GHz, effectively preventing interference to 77GHz automotive radars. This radar enables accurate ranging, speed measurement and precise positioning for 128 targets, with the maximum detection range of 300 meters. It is available to holographic intersections.
RACO Defense: in December 2021, Beijing Institute of Technology Ruixing Electronic Technology Co., Ltd., a subsidiary of RACO Defense, launched an 80GHz super range radar, which was developed with Hebei Provincial Communications Planning and Design Institute. This product breaks through the detection range of 500-1000 meters delivered by conventional super range radars, and detects as long as 1000-1500 meters at the 80GHz upgrade.
(3) LiDAR starts massive adoption at the roadside.
The mass production and declining price of LiDAR at the vehicle end has laid a solid foundation for its application at the roadside. Among roadside LiDAR suppliers, VanJee Technology, CiDi, LeiShen Intelligent System and Innovusion have developed dedicated roadside LiDAR products; automotive LiDAR vendors like Zvision Technologies, Hesai Technology and RoboSense have set foot in this field as well.
From the completed smart road projects, it can be seen that the adoption of LiDAR has been widespread:
- The project of reconstruction and expansion of the Tai'an-Zaozhuang two-way eight-lane section of the Beijing-Taipei Expressway spans 189.483 kilometers, and installs a total of 33 sets of LiDARs;
- The all smart intersections in Yizhuang in Beijing and Jiading District in Shanghai use LiDARs. Yizhuang adopts LiDARs tailored by Baidu with its partners, and Jiading District's LiDAR products are provided by Zvision Technologies and Hesai Technology;
- The Xiong'an 5G+ Smart Bus Project deployed RoboSense's LiDAR RS-LiDAR-M1 at the roadside.
(4) As more radar-video all-in-ones are used, manufacturers' pace of deploying accelerates.Through the lens of bidding projects of local governments in the recent two years, the demand for radar-video all-in-one products has surged:
- In 2021, the traffic signal control system project in the Intelligent Transportation Project of People's Government of Puyang City planned to purchase 120 sets of radar-video all-in-ones;
- In 2021, the Beijing Signal Renovation Project started to use radars and radar-video all-in-ones as the main perception approach, showing Beijing's acceptation of the radar-video all-in-one technology route. This marks that the radar-video all-in-one product market will enter a new phase of development.
Suppliers are also stepping up their efforts to develop radar-video all-in-one technology and deploy new products:
Raysun Radar: its 4D radar-video all-in-one is applicable to both intelligent transportation management and vehicle-infrastructure cooperation. Compared with the previous-generation products, the device can accurately recognize 9 types of targets within its detection range, effectively filter ground clutters with its height finding capability, and thus distinguish motor vehicles from non-motor vehicles and pedestrians, with the recognition accuracy above 90%.
Uniview Technologies: in September 2021, the company launched RV942, a 4MP low-light radar-video all-in-one that carries an 80GHz radar and integrates a camera with AI algorithms. Supported by video algorithms, the device can track up to 256 targets and offers a detection range as long as 250 meters.
China Smart-Road Roadside Perception Industry Report, 2022 highlights:
- Roadside perception industry (development background, formulation of policies and standards, market size, market pattern, demand from autonomous driving, etc.);
- Key roadside perception technologies (camera, radar, LiDAR, radar-video all-in-one, etc.) (status quo, development trends, etc.);
- Roadside perception application deployment in scenarios, e.g., highways, urban intersections and smart bus routes;
- Key roadside perception system integrators (main integrated solutions, application, etc.);
- Key roadside perception hardware suppliers (main product lines, cooperation, product application, etc.).
Key Topics Covered:
1 Status Quo of Roadside Perception
1.1 Development Background for Intelligent Roadside Perception Market
1.2 Guiding Policies for Smart Roads
1.3 Building of Intelligent Roadside Standard System
1.4 Intelligent Roadside Perception Market Size
1.5 Intelligent Roadside Perception Industry Chain Pattern
1.6 Exploration of Roadside Perception Business Models
1.7 Demand for Roadside Perception from Autonomous Driving
2 Key Technologies and Development Trends of Roadside Perception
2.1 Key Roadside Perception Technologies and Construction Challenges
2.2 Camera
2.3 Radar
2.4 LiDAR
2.5 Radar-Video All-In-One
2.6 Development Trends of Roadside Perception
3 Roadside Perception Application Deployment Cases
3.1 Exploration of Roadside Perception Application Scenarios
3.2 Smart Highway Roadside Perception Application Cases
3.3 Application Cases of Roadside Perception at Smart Intersections
3.4 Smart Bus Roadside Perception Application Cases
4 Roadside Perception System Integrators
4.1 Huawei
4.2 Dahua Technology
4.3 Hikailink
4.4 China TransInfo
4.5 Hualu Yiyun
4.6 Gosuncn
4.7 Baidu
4.8 ZTE
4.9 SenseTime
4.10 VanJee Technology
4.11 CiDi
4.12 OriginalTek
4.13 Institute of Deep Perception Technology (IDPT)
4.14 Nebula Link
4.15 JueFX Technology
5 Roadside Perception Device Suppliers
5.1 Hikvision
5.2 ZTITS
5.3 Uniview Technologies
5.4 Hurys
5.5 Raysun Radar
5.6 TransMicrowave
5.7 DeGuRoon
5.8 Muniu Technology
5.9 HawkEye Technology
5.10 Xiangde Information Technology
5.11 RACO Defense
5.12 Costone Technology
5.13 Nanoradar
5.14 Zvision Technologies
5.15 Hesai Technology
5.16 Ouster
5.17 LeiShen Intelligent Systems
5.18 Innovusion
5.19 LiangDao Intelligence
5.20 RoboSense
5.21 Benewake
5.22 Neuvition Technology
5.23 RichBeam
5.24 Others
5.24.1 Roadside Perception Radars of Chuhang Technology
5.24.2 Roadside Radar Products of Oculii
5.24.3 TZTEK Technology's Roadside Edge Perception System for V2X Scenarios
5.24.4 Intelligent Perception Unit of Tsinghua University Suzhou Automotive Research Institute
5.24.5 Roadside Perception Products of iTarge Technology
For more information about this report visit https://www.researchandmarkets.com/r/v0949i
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
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SOURCE Research and Markets | https://www.prnewswire.com/news-releases/china-smart-road-roadside-perception-industry-report-2022-featuring-15-roadside-perception-system-integrators--28-roadside-perception-device-suppliers-301654839.html | 2022-10-20T17:04:19 | en | 0.871332 |
Liz Truss resigns after six weeks as UK prime minister
Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31. NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country. Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson.
- Country:
- United Kingdom
Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged much of her own party. The Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years, will elect a new leader by Oct. 28.
That contest is likely to pit ex-finance minister Rishi Sunak against Penny Mordaunt, but could also see the return of former premier Boris Johnson, who was ousted in July when his ministers resigned en masse to force him out of power. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history.
"I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party," said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent. Truss became Britain's fourth prime minister in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers.
She had promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. Appointed on Sept. 6, she was forced last week to sack her finance minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and British bonds. Approval ratings for her and the Conservative Party collapsed.
On Wednesday she lost the second of the government's four most senior ministers, faced laughter as she tried to defend her record to parliament and saw her lawmakers openly quarrel over policy, deepening the sense of chaos at Westminster. New finance minister Jeremy Hunt is now racing to find tens of billions of pounds of spending cuts to try to reassure investors and rebuild Britain's fiscal reputation.
With the economy heading into recession and inflation running at a 40-year high, millions of Britons are struggling with a cost-of-living crisis. Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31.
NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country.
Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson. Penny Mordaunt, a former defence minister, could also run, along with Suella Braverman, the interior minister who quit on Wednesday.
Johnson, who still faces an investigation into whether he misled parliament after he and his staff held a string of parties during COVID-19 lockdowns, may also be a candidate. The face of the 2016 Brexit vote has loomed large over politics since he became London Mayor in 2008. He led his party to a landslide election victory in 2019 but was driven out of office in July by colleagues who were disgusted by his conduct.
"I hope you enjoyed your holiday boss. Time to come back," one Conservative lawmaker, James Duddridge, said on Twitter. "Few issues at the office that need addressing. #bringbackboris". Party members and Conservative lawmakers are expected to be given a say in the vote. A poll earlier this week showed most members wanted Johnson to return, but betting odds put Sunak as the favourite, ahead of Mordaunt, defence minister Ben Wallace and Johnson.
As for Truss, she will enter the history books as the prime minister with the shortest tenure in office, replacing George Canning, who had held the role for 119 days when he died in 1827. The rapid demise of Truss, in just the latest bout of turmoil to hit Westminster - has prompted many Conservative lawmakers to openly despair about the state of Britain's most successful political party.
Asked if they could recover from this, one lawmaker replied: "Never in a million years." The main opposition Labour Party - and many voters - have called for a general election.
"She's not been voted in and certainly, the policy decisions she made, none of the British people asked for any of those," 50-year-old Kelly Rodgers told Reuters outside Downing Street. "So (it's) right and proper she should go." "But equally, she's just symbolic of her party - it's absolute chaos."
(Writing by Kate Holton; additional reporting by Farouq Suleiman, William James, Sachin Ravikumar, Kylie MacLellan and Reuters TV; Editing by Catherine Evans)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221357-liz-truss-resigns-after-six-weeks-as-uk-prime-minister | 2022-10-20T17:04:20 | en | 0.979159 |
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NELSON DE LA NUEZ: Solo Art Exhibition "Made in the USA" to Open at National Arts Club New York
Nov 1st Artist Appearance and Reception for Contemporary Pop Artist Nelson De La Nuez
NEW YORK, Oct. 20, 2022 /PRNewswire/ -- The prestigious National Arts Club in New York will be holding a solo art exhibition, "Made in the USA," for internationally sold contemporary pop artist Nelson De La Nuez, also known by his brand name, King of Pop Art. The show will be held in the Grand Gallery from November 1st- 22nd. It is curated by DTR Modern Gallery located in New York.
The California based artist will be making an appearance for the opening night reception on November 1 from 6-9pm. The club is private, but open to the public for gallery viewing until 5pm daily. The Nov 1st reception and show requires an invite or RSVP. Please contact DTR gallery if you would like to attend or if you are media/press to cover the event.
The show's title reflects the fact that the artist came to the US from Havana, Cuba at the age of 7 with his family, literally with nothing and revealed his talents over time, meticulously perfecting his craft. He has always had an incredibly strong work ethic. The humble beginnings of a now very successful artist have kept him grounded and always creating and reinventing. The irony is what he became well known for is because of what he came to know best; American culture, pop culture, advertising, etc..
The exhibition will display a comprehensive variety of De La Nuez's artwork including mixed media sketches, originals on canvas and sculptures including his renowned realistic looking donuts that have become best sellers for the galleries. He has had waiting lists up to 3 months for the donuts.
Nelson De La Nuez's mixed-media art comments on the state of our society in a way that's equal parts satire and aspiration. Always evolving, he is a master at embedding deeper meaning into familiar visual references, updating his themes to reflect the modern culture of society today.
Over the course of his career, his voice has continued to evolve to provide a subtle and fun commentary on luxury, wealth and pop culture in a way that remains timeless and relevant. Taking inspiration from board games, newspapers, vintage ads and other visual references that speak to upward mobility, he demonstrates that art can be both humorous and intellectual at the same time. There is an air of accessibility and playfulness along with a sophistication to his work that has, in turn, led to his significant popularity, loyal collectors and soaring values throughout the years.
De La Nuez's work makes appearances at the likes of the prestigious Art Basel Miami, Hong Kong and Hamptons shows to name a few. His branded collections with prominent home, lifestyle and fashion names, such as Corum Swiss watches, sold out in Neiman Marcus, Nordstrom, Saks Fifth Avenue and more. His art hangs in prominent corporate and private collections.
He and his artwork have been featured in publications such as Veranda; House Beautiful, Miami Living Magazine; Modern Luxury Interiors Magazine; Manhattan Magazine, Las Vegas, Haute Residence; Angeleno, The New York Observer, VUE New Jersey, Elevated Home & Design Magazine, Aspen Magazine, Aspen's Gallery Guide, Dan's Papers, C California Style and Paris Match
DTR Modern Galleries is the artist's main gallery; "We have been proud to feature De La Nuez in all 5 locations in Palm Beach, Boston, Nantucket, New York and Washington, D.C. His work has become so popular with collectors that he can barely keep up with the constant flow of orders and inventory required. We keep him very busy. It's a great problem for all of us," stated DTR's owner, Ted Vassilev.
De La Nuez is currently working with a publisher on a comprehensive book project of his career spanning nearly 4 decades, featuring articles contributed by critics and curators from Art in America, Art News and Art Forum, to be tentatively published by Scala Art Publishers in 2024.
About:
NAC is located at 15 Gramercy Park South, NY, NY. It was founded in 1898. Members have included the likes of Mark Twain, Eleanor Roosevelt, Humphrey Bogart, Martin Scorsese.
DTR NY Gallery is located at 458 West Broadway, NY, NY 10012.
Nelson De La Nuez is sold in galleries worldwide
Social: Instagram / King of Pop Art Facebook Page
Further show info: Taylor Pope: 212-677-2802
Interviews or info on/with Artist: 626-827-7774
For more info: Taylor Pope: 212-677-2802
[email protected]
SOURCE DTR Modern Gallery; National Arts Club | https://www.prnewswire.com/news-releases/nelson-de-la-nuez-solo-art-exhibition-made-in-the-usa-to-open-at-national-arts-club-new-york-301654926.html | 2022-10-20T17:04:25 | en | 0.965503 |
Liz Truss resigns after six weeks as UK prime minister
Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31. NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country. Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson.
- Country:
- United Kingdom
Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged much of her own party. The Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years, will elect a new leader by Oct. 28.
That contest is likely to pit ex-finance minister Rishi Sunak against Penny Mordaunt, but could also see the return of former premier Boris Johnson, who was ousted in July when his ministers resigned en masse to force him out of power. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history.
"I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party," said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent. Truss became Britain's fourth prime minister in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers.
She had promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. Appointed on Sept. 6, she was forced last week to sack her finance minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and British bonds. Approval ratings for her and the Conservative Party collapsed.
On Wednesday she lost the second of the government's four most senior ministers, faced laughter as she tried to defend her record to parliament and saw her lawmakers openly quarrel over policy, deepening the sense of chaos at Westminster. New finance minister Jeremy Hunt is now racing to find tens of billions of pounds of spending cuts to try to reassure investors and rebuild Britain's fiscal reputation.
With the economy heading into recession and inflation running at a 40-year high, millions of Britons are struggling with a cost-of-living crisis. Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31.
NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country.
Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson. Penny Mordaunt, a former defence minister, could also run, along with Suella Braverman, the interior minister who quit on Wednesday.
Johnson, who still faces an investigation into whether he misled parliament after he and his staff held a string of parties during COVID-19 lockdowns, may also be a candidate. The face of the 2016 Brexit vote has loomed large over politics since he became London Mayor in 2008. He led his party to a landslide election victory in 2019 but was driven out of office in July by colleagues who were disgusted by his conduct.
"I hope you enjoyed your holiday boss. Time to come back," one Conservative lawmaker, James Duddridge, said on Twitter. "Few issues at the office that need addressing. #bringbackboris". Party members and Conservative lawmakers are expected to be given a say in the vote. A poll earlier this week showed most members wanted Johnson to return, but betting odds put Sunak as the favourite, ahead of Mordaunt, defence minister Ben Wallace and Johnson.
As for Truss, she will enter the history books as the prime minister with the shortest tenure in office, replacing George Canning, who had held the role for 119 days when he died in 1827. The rapid demise of Truss, in just the latest bout of turmoil to hit Westminster - has prompted many Conservative lawmakers to openly despair about the state of Britain's most successful political party.
Asked if they could recover from this, one lawmaker replied: "Never in a million years." The main opposition Labour Party - and many voters - have called for a general election.
"She's not been voted in and certainly, the policy decisions she made, none of the British people asked for any of those," 50-year-old Kelly Rodgers told Reuters outside Downing Street. "So (it's) right and proper she should go." "But equally, she's just symbolic of her party - it's absolute chaos."
(Writing by Kate Holton; additional reporting by Farouq Suleiman, William James, Sachin Ravikumar, Kylie MacLellan and Reuters TV; Editing by Catherine Evans)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221360-liz-truss-resigns-after-six-weeks-as-uk-prime-minister | 2022-10-20T17:04:27 | en | 0.979159 |
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Second annual Mental Wealth survey explores trends surrounding the impact of financial stressors on mental health, finds 93% of respondents are taking action to regain control of their finances
NEW YORK, Oct. 20, 2022 /PRNewswire/ -- More than 68% of student debt holders agree that making progress on their student loan debt would improve their mental health, and almost half (46%) say paying off debt is their biggest financial goal for 2023, according to an annual survey commissioned by Laurel Road, a digital banking platform and brand of KeyBank with specialized offerings for healthcare and business professionals.
The survey, which polled 1,000 U.S. adults, explores the link between mental health and financial management amid economic uncertainty. Nearly one in four surveyed Americans hold student loan debt, including 16% with federal student loans potentially eligible for the recent student loan forgiveness. Of those polled with student loan debt, more than half are already behind on their financial goals and over three in five debt holders often feel like they must make financial sacrifices to make their student loan payments on time. Amidst this background, 88% of respondents are concerned with how a potential recession and rising inflation will impact their personal finances.
However, many student loan holders (42%) have continued to make progress on paying down debt during the federal student loan holiday, as well as a smaller proportion who never stopped paying (19%). People are eager to reap the benefits of student loan forgiveness, with plans already in place for how they will make the most of the extra money in their wallets to increase their overall mental wealth. More than a third will put it toward their remaining student loan debt, with just as many are planning to use the money to pay down other debt. Additionally, one-third of respondents plan to put it towards savings or investments.
"The landscape of debt, and especially student loan debt, has changed dramatically just in the last few months. We hear questions everyday from student loan borrowers on how they should now think about their student loans. We are working to provide resources, guidance, and support to tackle their toughest financial challenges and improve their mental wealth. As options for paying off debt become more complex, we are offering debt consultations and Public Service Loan Forgiveness management through GradFin, a group of experts who provide personalized solutions and advice for those that need it most. This is consistent with our mission to provide financial peace of mind to all our members throughout their journey," said Alyssa Schaefer, General Manager & Chief Experience Officer at Laurel Road.
Despite Facing Increased Financial Stressors, Young Americans Are Preparing for the Future
Gen Z and millennials are continuing to feel their finances impacting their mental health and overall wellbeing. Nearly four in five survey respondents under 40 identified experiencing negative consequences due to financial stress, an increase from the 72% of Americans under 40 who said managing their finances strained their mental health in 2021. However, a clear majority agree they would feel less stress if they had more control over their finances (55%), and most respondents are beginning to take action to relieve the pressure of ongoing instability (93%).
This builds on trends from 2021, which found that a majority of young Americans (79%) felt they would be less stressed about their financial situation if they were more educated on how to achieve financial wellness – a similar majority noted that they would feel more in control of their finances by having a financial plan and that talking to others about their financial situation would help their anxiety.
Americans Are Taking Action to Regain Control on the Path Towards Financial Security
While the majority of respondents (76%) don't feel financially stable, more guidance and resources could help many achieve their goals and put them back in control. Respondents identified the ability to save more money, build their retirement savings, and find new tools to budget their money as top ways they could feel more in control of their finances.
With many respondents feeling the pressure to keep money in their bank accounts, less than a third believe their current bank or financial institution is helping them achieve financial stability. While a majority of respondents are comfortable discussing their financial situation with friends and family, only 11% have sought professional financial advice. Emotional concerns were a critical inflection point in terms of reaching out for support as over a quarter of respondents are simply too embarrassed of their current financial state to discuss it openly, and younger Americans are twice as likely to be anxious around being stigmatized for seeking help.
"People want professional guidance not only to help with tactical next steps for their financial journey, but also to understand the side effects of financial stress and how to build a strong foundation around mental wealth," said Aja Evans, Licensed Mental Health Counselor (LMHC) and Financial Therapist for Laurel Road. "Laurel Road places an intrinsic value on achieving financial wellness and continues to bolster its portfolio to offer members the necessary resources required to approach and understand their financial situation with ease."
With the Holidays and New Year Around the Corner, Americans Prioritize Savings & Financial Resolutions
This holiday season will be shaped by the current financial reality Americans are facing as survey respondents say they are focused on saving money now more than ever (84% compared to 66% in 2021). As a result, people plan to save money this season by talking with family and friends about less costly or more meaningful gifts to receive (27%), using hacks like credit card rewards points (27%), and even opening new checking or savings accounts to earn sign-up offers (13%). However, some budgeting will require more sacrifice — including cutting back on travel (28%) and dipping into savings (20%).
It's clear that Americans have big plans for 2023 and beyond and are planning to prioritize their financial security in the new year. Respondents' top financial resolutions for 2023 include paying off debt, improving their credit score, and improving their relationship with money. As more people aim to take back control of their finances, setting clear goals and next steps is the first bridge to cross on the path towards financial freedom.
To discuss trends surrounding personal finances and the impact on overall wellbeing, Laurel Road will be bringing together personal finance and mental health experts for the Managing your Mental Wealth with Laurel Road: The Path to Financial Resistance event on October 27. Follow Laurel Road on Instagram for further updates.
Methodology
This survey was conducted by Wakefield Research among 1,000 nationally representative US adults, between September 7th and September 16th , 2022, using an email invitation and an online survey. The data has been weighted to ensure an accurate representation of nationally representative US adults. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
Laurel Road is a digital banking platform and brand of KeyBank that provides tailored offerings to support the financial wellbeing of healthcare and business professionals. Laurel Road's banking and lending solutions, including High Yield Savings℠ Account, Student Loan Cashback℠ Credit Card, Student Loan Refinancing, Mortgages, Personal Loans and more, provide our members with a simplified, personalized experience that helps them better navigate their financial journey and achieve life's goals. Additionally, Laurel Road has reimagined banking and financial management for physicians and dentists through Laurel Road for Doctors, a tailored digital experience made up of banking, insights and exclusive benefits to provide the financial help and peace of mind they need through each career stage. In spring of 2022, Laurel Road launched Loyalty Checking, the first checking account designed with nurses in mind, furthering the company's commitment to healthcare professionals. Since 2013, Laurel Road has helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $9 billion in federal and private school loans. For more information, visit http://www.laurelroad.com. Laurel Road is a brand of KeyBank National Association. All products offered by KeyBank N.A. Member FDIC. NMLS # 399797. Equal Housing Lender. © 2022 KeyCorp® All Rights Reserved. Laurel Road is a federally registered service mark of KeyCorp.
CONTACT: KWT Global for Laurel Road, 646-989-8147, [email protected]
SOURCE Laurel Road | https://www.prnewswire.com/news-releases/new-data-shows-student-loan-relief-and-payment-progressions-are-crucial-for-mental-health-and-financial-stability-amid-economic-uncertainty-301654975.html | 2022-10-20T17:04:31 | en | 0.968285 |
Biden not concerned about UK upheaval hurting the U.S. economy
We will continue our close cooperation with the U.K. government as we work together to meet the global challenges our nations face," Biden wrote. The U.S. president, later asked about the political turmoil of one of the United States' closest allies, told reporters as he departed the White House that he was not concerned the UK leadership issue would impact the American economy.
U.S. President Joe Biden on Thursday said he was not worried about the UK's political upheaval from the resignation of British Prime Minister Liz Truss hitting the U.S. economy.
"The United States and the United Kingdom are strong Allies and enduring friends — and that fact will never change," Biden wrote in a statement after Truss announced her departure next week. "I thank Prime Minister Liz Truss for her partnership on a range of issues including holding Russia accountable for its war against Ukraine. We will continue our close cooperation with the U.K. government as we work together to meet the global challenges our nations face," Biden wrote.
The U.S. president, later asked about the political turmoil of one of the United States' closest allies, told reporters as he departed the White House that he was not concerned the UK leadership issue would impact the American economy. The two countries have been partners on a range of issues, including addressing Russia's invasion of Ukraine.
Biden's top aide earlier said he expected the United States to maintain a close relationship with whoever replaces Truss. "That's going to continue," White House chief of staff Ron Klain told MSNBC in an interview.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Tesco lowers profit sights as British shoppers face squeeze | https://www.devdiscourse.com/article/politics/2221364-biden-not-concerned-about-uk-upheaval-hurting-the-us-economy | 2022-10-20T17:04:35 | en | 0.970101 |
MILWAUKEE – The Milwaukee Bucks’ season kicks off today against the Philadelphia 76ers at 6:30 p.m. in Philly.
Bucks fans in the Milwaukee area will have to wait until Saturday to see the team at Fiserv when they go toe-to-toe with the Houston Rockets at 7 p.m.
Lat season, the Bucks were expected to make a big pushing defending their 2021 championship. However, injuries to key players like shooting guard Khris Middleton rattled those expectations. Middleton sprained his MCL in the game 2 of the first round of the Eastern Conference playoffs against the Chicago Bulls and was ruled out for the entire series against the team that made it to finals, the Boston Celtics. Giannis put on an heroic performance averaging 34 points, 15 rebounds and 7 assists pushing the Bucks-Celtics series to 7 games. But it wasn’t enough. The Bucks walked out of TD Garden deflated after unsuccessfully defending their title.
But this is a new year and Antetokoumpo says watching the Golden State Warriors hoist up that Larry O’Brien trophy last season made him “jealous.”
“I kind of got jealous of Golden State and seeing them in the parade and the ESPYs,” Antetokounmpo said. “You know that feeling now. You know what is getting stripped away from you.”
With majority of the team returning from last year and new key additions like forward Joe Ingles, the Bucks are primed to make another run at the championship.
Middleton, Ingles and guard Pat Connaughton won’t be with the team to start the season as they’re both rehabbing injuries. Middleton is expected to be back early November. Ingles tore his ACL last season when he was with the Utah Jazz and could be back in January. Connaughton is expected to be sidelined for three weeks with a right calf strain. | https://wtmj.com/news/2022/10/20/the-bucks-are-back-2022-2023-season-preview/ | 2022-10-20T17:04:36 | en | 0.973 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/nebraska-cornhuskers-football/articles/41192704 | 2022-10-20T17:04:37 | en | 0.738227 |
New Study in IEEE/CAA Journal of Automatica Sinica Describes Convolutional Neural Network Framework to Predict Remaining Useful Life in Machines
BEIJING, Oct. 20, 2022 /PRNewswire/ -- Modern industries require efficient and reliable machinery. To ensure the stability of industrial equipment and avoid unnecessary downtime, it is important to gauge a machine's remaining useful life (RUL) accurately. This has been done using deep learning-based approaches. In particular, deep neural networks are considered promising in this regard.
These include recurrent neural networks (RNNs), convolutional neural networks (CNNs), or hybrid networks. Among them, RNN-based approaches effectively capture sequential information, enabling them to perform better than CNN-based methods. However, unlike CNNs, they take longer to train and miss important features of the industrial systems. Even RNN-CNN hybrids, explored by previous studies, tend to be sub-optimal.
Recently, a team of researchers, led by Dr. Zhenghua Chen of the Agency for Science, Technology and Research, Singapore, questioned the conventional choice of picking RNNs over CNNs, and proposed a series of new CNNs, which showed results comparable to RNN methods for RUL prediction. "Existing approaches based on CNN are not designed according to the classic principle of CNN, namely a smaller kernel (feature-extraction filter) size and larger channel number, which reduces their performance. Moreover, they neglect the role of the receptive field and the size of the region in the input that produces the feature," explained by Dr. Chen, speaking of their motivation behind the study, which was published the IEEE/CAA Journal of Automatica Sinica, 2022.
First, the study established that small-sized one-dimensional convolution kernels and deep networks with large receptive field are desirable, since they are efficient at learning features from input time series signals and model the sequential information better. Based on this, the team proposed a novel CNN architecture using a three-layer combination: a convolution layer followed by batch normalization and rectified linear unit layers to form a convolutional unit. These units were stacked together to form a network such that their height and width decreased and the channel numbers increased with network depth. The fully connected layers were then used to predict RUL values.
Next, the team devised a position encoding scheme to develop PE-Net, in which two transformations translated the encoded position information and input signals into the same space for fusion. Further, the CNNs were optimized using mean square error (MSE) loss as a performance metric. Lastly, the team put PE-Net to test by performing experiments on the C-MAPSS dataset, a well-known benchmark for RUL prediction.
To their excitement, PE-Net performed better than existing CNNs on most datasets and significantly outperformed "long short-term memory" artificial neural networks for complex cases. Moreover, the underlying transformations followed by "element-wise addition" fusion improved the RUL prediction accuracy to an extent where it outperformed standard RNN approaches.
"PE-Net utilizes big data and deep learning technology to automatically and accurately identify the components to be repaired by collecting data from sensors installed on industrial systems. In the future, with the advancement of AI, this technology could help significantly reduce the labor cost for maintaining industrial machines by avoiding fatal errors," concludes Dr. Chen, speaking about the potential applications of their work.
DOI: https://doi.org/10.1109/JAS.2022.105746
Title of original paper: Position Encoding Based Convolutional Neural Networks for Machine Remaining Useful Life Prediction
Journal: IEEE/CAA Journal of Automatica Sinica
Yan Ou
[email protected]
+86 10 8254445
SOURCE IEEE/CAA Journal of Automatica Sinica | https://www.prnewswire.com/news-releases/new-study-in-ieeecaa-journal-of-automatica-sinica-describes-convolutional-neural-network-framework-to-predict-remaining-useful-life-in-machines-301654980.html | 2022-10-20T17:04:37 | en | 0.92348 |
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nShift: Singles Day set to be biggest retail event of 2022
It's not too early to learn lessons and start preparing for next year, says nShift
LONDON, Oct. 20, 2022 /PRNewswire/ -- 'Singles Day' may not have the high profile of Black Friday or Cyber Monday. But it looks set to become the biggest online shopping day of the year. nShift, the global leader in parcel delivery management software, is calling on retailers to be ready by providing a competitive customer experience.
Singles Day began in 1993 and celebrates people who are not in a romantic relationship. It takes place on 11 November, or 11/11; the day when a series of single digits stand together. Despite being rarely talked about outside of China and Southeast Asia, it is the world's biggest shopping event, with sales exceeding $139 billion. Over the past 12 years, sales on Singles Day have grown by over 1000%.1 The day triggers a flurry of traffic to online retailers and web shops around the world and businesses everywhere need to be ready.
With billions of parcels expected to travel to and across China in the run up to 11 November, shoppers will be anxious to be kept up to date on the status of their order. Four out of five (78%) online shoppers say they will change brands if they don't receive regular updates on the status of their delivery.2
Sean Sherwin-Smith Product Director, Post-Purchase at nShift said: "This busy time of year includes Singles Day, Black Friday, Cyber Monday and the beginning of the Christmas shopping season. Many retailers have realized that they need to strengthen their post-purchase customer experience to stay competitive. It's not too early for businesses to start thinking about how they improve their experience and their performance for this time next year."
nShift Track will be available from early 2023. It is a one-stop-shop solution that will empower retailers and e-commerce companies to communicate better with their customers.
It will:
- Enable consumers to track their orders and receive regular updates immersed in the retailer's brand
- Create sales growth in new channels, where the customer is most engaged with the brand and products
- Provide regular updates throughout the delivery, from order confirmation to refund
- Cut "where is my order" (WISMO) support calls by up to 60%
- Build customer loyalty through constant relevant communication and allow retailers to expand the brand journey well beyond just the simple buy, receive, repeat cycle.
Sean Sherwin-Smith continues: "If the shopper has a great experience, they will come back for more. Retailers must recognize that the post-purchase customer experience doesn't end when the consumer hits the "buy" button.
"Providing regular and relevant branded communications on the status of the order helps build loyalty between the customer and retailer. It not only cuts down on support calls and creates brilliant opportunities to re-market to consumers, it also allows the retailer to elevate their values, creating much greater sentiment at the time when customers are most engaged with the brand."
nShift is offering a series of early-bird discounts to people that sign up for nShift Track before Cyber Monday on 28 November. For more information, visit the nShift website
About nShift
nShift is the global leading provider of cloud delivery management solutions enabling frictionless shipment and return of almost one billion shipments across 190 countries annually. nShift's software is used globally by e-commerce, retail, manufacturing and 3PL shippers. The company is headquartered in London and Oslo. It has over 500 employees across offices in Sweden, Finland, Norway, Denmark, United Kingdom, Poland, the Netherlands, Belgium and Romania.
- https://queue-it.com/blog/singles-day-statistics/
- https://ridewithvia.com/resources/articles/78-of-customers-want-delivery-updates-on-orders-or-they-will-switch-brands/
Logo - https://mma.prnewswire.com/media/1782566/nShift_Logo.jpg
SOURCE nShift | https://www.prnewswire.com/news-releases/nshift-singles-day-set-to-be-biggest-retail-event-of-2022-301654983.html | 2022-10-20T17:04:43 | en | 0.939179 |
Former PM Johnson flying back to Britain this weekend, Telegraph reports
- Country:
- United Kingdom
Former British Prime Minister Boris Johnson is flying back to the UK this weekend, a journalist at the Daily Telegraph newspaper reported on Thursday.
The Times newspaper had reported that Johnson, who is on holiday abroad, was expected to stand in the race to replace Liz Truss who resigned as Prime Minister earlier on Thursday.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Daily Telegraph
- Liz Truss
- Times
- Boris Johnson
- British
- Johnson
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PRESS DIGEST-Financial Times - Oct 5
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Liz Truss's speech disrupted by environment activists | https://www.devdiscourse.com/article/politics/2221380-former-pm-johnson-flying-back-to-britain-this-weekend-telegraph-reports | 2022-10-20T17:04:43 | en | 0.959465 |
You need to enable JavaScript to run this app. | https://sportspyder.com/mlb/milwaukee-brewers/articles/41191034 | 2022-10-20T17:04:49 | en | 0.738227 |
nShift: Singles Day set to be biggest retail event of 2022
It's not too early to learn lessons and start preparing for next year, says nShift
LONDON, Oct. 20, 2022 /PRNewswire/ -- 'Singles Day' may not have the high profile of Black Friday or Cyber Monday. But it looks set to become the biggest online shopping day of the year. nShift, the global leader in parcel delivery management software, is calling on retailers to be ready by providing a competitive customer experience.
Singles Day began in 1993 and celebrates people who are not in a romantic relationship. It takes place on 11 November, or 11/11; the day when a series of single digits stand together. Despite being rarely talked about outside of China and Southeast Asia, it is the world's biggest shopping event, with sales exceeding $139 billion. Over the past 12 years, sales on Singles Day have grown by over 1000%.1 The day triggers a flurry of traffic to online retailers and web shops around the world and businesses everywhere need to be ready.
With billions of parcels expected to travel to and across China in the run up to 11 November, shoppers will be anxious to be kept up to date on the status of their order. Four out of five (78%) online shoppers say they will change brands if they don't receive regular updates on the status of their delivery.2
Sean Sherwin-Smith Product Director, Post-Purchase at nShift said: "This busy time of year includes Singles Day, Black Friday, Cyber Monday and the beginning of the Christmas shopping season. Many retailers have realized that they need to strengthen their post-purchase customer experience to stay competitive. It's not too early for businesses to start thinking about how they improve their experience and their performance for this time next year."
nShift Track will be available from early 2023. It is a one-stop-shop solution that will empower retailers and e-commerce companies to communicate better with their customers.
It will:
- Enable consumers to track their orders and receive regular updates immersed in the retailer's brand
- Create sales growth in new channels, where the customer is most engaged with the brand and products
- Provide regular updates throughout the delivery, from order confirmation to refund
- Cut "where is my order" (WISMO) support calls by up to 60%
- Build customer loyalty through constant relevant communication and allow retailers to expand the brand journey well beyond just the simple buy, receive, repeat cycle.
Sean Sherwin-Smith continues: "If the shopper has a great experience, they will come back for more. Retailers must recognize that the post-purchase customer experience doesn't end when the consumer hits the "buy" button.
"Providing regular and relevant branded communications on the status of the order helps build loyalty between the customer and retailer. It not only cuts down on support calls and creates brilliant opportunities to re-market to consumers, it also allows the retailer to elevate their values, creating much greater sentiment at the time when customers are most engaged with the brand."
nShift is offering a series of early-bird discounts to people that sign up for nShift Track before Cyber Monday on 28 November. For more information, visit the nShift website
About nShift
nShift is the global leading provider of cloud delivery management solutions enabling frictionless shipment and return of almost one billion shipments across 190 countries annually. nShift's software is used globally by e-commerce, retail, manufacturing and 3PL shippers. The company is headquartered in London and Oslo. It has over 500 employees across offices in Sweden, Finland, Norway, Denmark, United Kingdom, Poland, the Netherlands, Belgium and Romania.
- https://queue-it.com/blog/singles-day-statistics/
- https://ridewithvia.com/resources/articles/78-of-customers-want-delivery-updates-on-orders-or-they-will-switch-brands/
Logo - https://mma.prnewswire.com/media/1782566/nShift_Logo.jpg
SOURCE nShift | https://www.prnewswire.com/news-releases/nshift-singles-day-set-to-be-biggest-retail-event-of-2022-301654986.html | 2022-10-20T17:04:49 | en | 0.939179 |
G Kishan Reddy accuses TRS of "stooping to a new low" over JP Nadda's 'grave' in Telangana's Munugode
Union Minster G Kishan Reddy on Thursday condemned the latest incident in which miscreants dug a grave of Bharatiya Janata Party (BJP) president JP Nadda in Nalgonda and accused the ruling Bharat Rashtra Samithi (BRS), formerly known as Telangana Rashtra Samithi of "stooping to a new low" in politics.
- Country:
- India
Union Minster G Kishan Reddy on Thursday condemned the latest incident in which miscreants dug a grave of Bharatiya Janata Party (BJP) president JP Nadda in Nalgonda and accused the ruling Bharat Rashtra Samithi (BRS), formerly known as Telangana Rashtra Samithi of "stooping to a new low" in politics. "Land is slipping under the TRS feet, that is why they are getting indulged in wrongdoings. They (TRS) are shameless. A grave was made for BJP president JP Nadda, there were also flowers and some rituals on the grave. He is alive and is a very popular person and the president of the National political party, he was insulted and it never happened anything like this before in the country," he said.
Some people dug a grave over the delay in setting up the Regional Fluoride Mitigation and Research Centre in the Choutuppal area in Munugode.The incident came to the fore on Thursday ahead of the Munugode bypolls. Earlier in 2016, Nadda had promised to set up the research centre in Malkapuran when he visited Munugode.
He further said that BJP would fight in the upcoming election to free the state from TRS. "It is a Majlis party and we will fight against the family rule in the coming days," Reddy said adding, "Since 9 years TRS party is in power and the KCR (K Chandrasekhar Rao) family is ruling the state. It is your duty to work on fluoride problems. We never won an election in Nalgonda district and you are blaming our party and insulting our National president, what justice is this?"
Earlier, taking to Twitter, Reddy said, "TRS hooligans with encouragement from farmhouse family have stooped to a new low depicting BJP President as a samadhi is shameful even by their already low standards The culturally aware voters of Munugodu will not tolerate such nasty behaviour and give them a befitting response." Meanwhile, other BJP leaders also condemned the incident and accused the ruling party.
"Digging a grave and putting a picture of JP Nadda is stupidity. We condemn it and will file a police complaint. BJP requested the TRS government about the fluoride institute in Munugode, even after repeated requests, the TRS govt has gone blind and deaf. As they have failed and do not have any issue, they raked up this issue before the bypoll," BJP leader NV Subhash told ANI.Union Minister Smriti Irani said the act is a "new low" in Indian politics. "Vinash kale viprit buddhi," she tweeted. Taking to Twitter Union Minister Hardeep Singh Puri said, "Despicable indeed! This marks a disturbing & disgraceful new low in the political discourse. Clearly shows how dispensations which aspire to challenge the BJP in Telangana are clearly intimidated by our momentum."Union Civil Aviation Minister Jyotiraditya Scindia alleged that TRS conducted the act in desperation since it is fearing a defeat in the upcoming Assembly polls."The growing influence of the BJP in Telangana. Panicked by its certain defeat in the coming assembly elections, TRS has done this reprehensible act. It is condemnable. The people of the state will surely give a befitting reply to this act in time to come," read Scindia's tweet translated from Hindi. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Amit Shah, JP Nadda on Assam visit from Friday
Amit Shah, JP Nadda on Assam visit from Friday | https://www.devdiscourse.com/article/politics/2221381-g-kishan-reddy-accuses-trs-of-stooping-to-a-new-low-over-jp-naddas-grave-in-telanganas-munugode | 2022-10-20T17:04:51 | en | 0.963717 |
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NEW YORK, Oct. 20, 2022 /PRNewswire/ -- The patient lift pendant market size is expected to grow by USD 31.2 million from 2021-2026, at a CAGR of 6.27% according to Technavio. The growing prevalence of disabilities, increasing the number of healthcare establishments and increasing regulations to minimize manual patient handling will offer immense growth opportunities. However, high capital requirements, lack of trained professionals, and stringent regulations and policies for patient lift pendants will challenge the growth of the market participants. Buy Sample Report.
Patient Lift Pendant Market: Segmentation by Application
The report extensively covers the patient lift pendant market segmentation by-
- Application (Intensive care unit and operating rooms)
- Geography (North America, Europe, Asia, and the Rest of the World (ROW)).
The patient lift pendant market share growth in the intensive care unit segment will be significant during the forecast period. Some of the sickest and most helpless patients in a hospital reside in intensive care units. As a result, these units have patient lifting systems designed with a pendant that is mounted to the ceiling. Pendants are frequently installed at the head of the patient bed in critical care units (CCUs), giving staff members quick access to controls.
These pendants may interfere with the hoist system because they are mounted on the ceiling. Two parallel rails placed past the pendant and end stops placed in front of the pendant to prevent collisions can be installed to correct this. Patient lift pendants are employed in several intensive care units in this manner. Request Free Sample Report.
Patient Lift Pendant Market: Vendor Analysis
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Amico Group of Companies: The company offers a GoLift ceiling lift system which is designed to transfer and position patients.
- Arjo AB: The company offers a Maxi Sky 2 lift pendant system which is designed to lift, transfer, turn and reposition patients during medication.
- Atlas Copco AB: The company offers e Pneumatech MGS pendant system which is designed to lift, transfer, turn and reposition patients during medication in operating theatres and intensive care units.
- DeVilbiss Healthcare GmbH: The company offers products such as walkers, wheelchairs, transport chairs, and walking sticks.
- HILL ROM HOLDINGS Inc.: The company offers likoGuard L and XL patient lifts which are designed to transfer and move patients of varying weights as per their medical condition.
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Patient Lift Pendant Market Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our patient lift pendant market report covers the following areas:
- Patient Lift Pendant Market size
- Patient Lift Pendant Market trends
- Patient Lift Pendant Market industry analysis
The global patient lift pendant market will expand because of the increasing need for home care services. The need for home care settings, which are an efficient and less expensive alternative to hospitalization, is increased by the rising prevalence of injuries or health problems associated with aging. The need for home care settings is being driven by the aging population, the prevalence of chronic health issues, and the rise in injuries and impairments.
North America will account for 41% of market growth. The patient lift pendant market in North America is mostly concentrated in the US and Canada. The market in this region will expand more slowly than markets in other regions. Over the forecast period, North America's patient lift pendant market will expand due to the rising prevalence of impairments.
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Table Of Contents :
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Intensive care unit - Market size and forecast 2021-2026
- Exhibit 28: Chart on Intensive care unit - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Intensive care unit - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Intensive care unit - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Intensive care unit - Year-over-year growth 2021-2026 (%)
- 5.4 Operating rooms - Market size and forecast 2021-2026
- Exhibit 32: Chart on Operating rooms - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Operating rooms - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Operating rooms - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Operating rooms - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 Asia - Market size and forecast 2021-2026
- Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 Germany - Market size and forecast 2021-2026
- Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.9 UK - Market size and forecast 2021-2026
- Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 78: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 79: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 81: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 82: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 83: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 84: Matrix on vendor position and classification
- 10.3 Amico Group of Companies
- Exhibit 85: Amico Group of Companies - Overview
- Exhibit 86: Amico Group of Companies - Product / Service
- Exhibit 87: Amico Group of Companies - Key offerings
- 10.4 Arjo AB
- Exhibit 88: Arjo AB - Overview
- Exhibit 89: Arjo AB - Business segments
- Exhibit 90: Arjo AB - Key news
- Exhibit 91: Arjo AB - Key offerings
- Exhibit 92: Arjo AB - Segment focus
- 10.5 Atlas Copco AB
- Exhibit 93: Atlas Copco AB - Overview
- Exhibit 94: Atlas Copco AB - Business segments
- Exhibit 95: Atlas Copco AB - Key news
- Exhibit 96: Atlas Copco AB - Key offerings
- Exhibit 97: Atlas Copco AB - Segment focus
- 10.6 Draegerwerk AG and Co. KGaA
- Exhibit 98: Draegerwerk AG and Co. KGaA - Overview
- Exhibit 99: Draegerwerk AG and Co. KGaA - Business segments
- Exhibit 100: Draegerwerk AG and Co. KGaA - Key offerings
- Exhibit 101: Draegerwerk AG and Co. KGaA - Segment focus
- 10.7 HILL ROM HOLDINGS Inc.
- Exhibit 102: HILL ROM HOLDINGS Inc. - Overview
- Exhibit 103: HILL ROM HOLDINGS Inc. - Business segments
- Exhibit 104: HILL ROM HOLDINGS Inc. - Key news
- Exhibit 105: HILL ROM HOLDINGS Inc. - Key offerings
- Exhibit 106: HILL ROM HOLDINGS Inc. - Segment focus
- 10.8 INMED SA
- Exhibit 107: INMED SA - Overview
- Exhibit 108: INMED SA - Product / Service
- Exhibit 109: INMED SA - Key news
- Exhibit 110: INMED SA - Key offerings
- 10.9 Medline Industries LP
- Exhibit 111: Medline Industries LP - Overview
- Exhibit 112: Medline Industries LP - Product / Service
- Exhibit 113: Medline Industries LP - Key offerings
- 10.10 NOVAIR MEDICAL
- Exhibit 114: NOVAIR MEDICAL - Overview
- Exhibit 115: NOVAIR MEDICAL - Product / Service
- Exhibit 116: NOVAIR MEDICAL - Key offerings
- 10.11 Schonn Medizintechnik GmbH
- Exhibit 117: Schonn Medizintechnik GmbH - Overview
- Exhibit 118: Schonn Medizintechnik GmbH - Product / Service
- Exhibit 119: Schonn Medizintechnik GmbH - Key offerings
- 10.12 Wilhelm Integrated Solutions Pty Ltd.
- Exhibit 120: Wilhelm Integrated Solutions Pty Ltd. - Overview
- Exhibit 121: Wilhelm Integrated Solutions Pty Ltd. - Product / Service
- Exhibit 122: Wilhelm Integrated Solutions Pty Ltd. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 11.5 List of abbreviations
- Exhibit 129: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio | https://www.prnewswire.com/news-releases/patient-lift-pendant-market-to-grow-by-usd-31-2-mn-by-2026--market-segmentation-by-application-and-geography---technavio-301654419.html | 2022-10-20T17:04:55 | en | 0.838259 |
UPDATE 7-Liz Truss resigns after six weeks as UK prime minister
Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31. NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country. Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson.
Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged much of her own party. The Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years, will elect a new leader by Oct. 28.
That contest is likely to pit ex-finance minister Rishi Sunak against Penny Mordaunt, but could also see the return of former premier Boris Johnson, who was ousted in July when his ministers resigned en masse to force him out of power. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history.
"I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party," said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent. Truss became Britain's fourth prime minister in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers.
She had promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. Appointed on Sept. 6, she was forced last week to sack her finance minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and British bonds. Approval ratings for her and the Conservative Party collapsed.
On Wednesday she lost the second of the government's four most senior ministers, faced laughter as she tried to defend her record to parliament and saw her lawmakers openly quarrel over policy, deepening the sense of chaos at Westminster. New finance minister Jeremy Hunt is now racing to find tens of billions of pounds of spending cuts to try to reassure investors and rebuild Britain's fiscal reputation.
With the economy heading into recession and inflation running at a 40-year high, millions of Britons are struggling with a cost-of-living crisis. Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31.
NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country.
Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson. Penny Mordaunt, a former defence minister, could also run, along with Suella Braverman, the interior minister who quit on Wednesday.
Johnson, who still faces an investigation into whether he misled parliament after he and his staff held a string of parties during COVID-19 lockdowns, may also be a candidate. The face of the 2016 Brexit vote has loomed large over politics since he became London Mayor in 2008. He led his party to a landslide election victory in 2019 but was driven out of office in July by colleagues who were disgusted by his conduct.
"I hope you enjoyed your holiday boss. Time to come back," one Conservative lawmaker, James Duddridge, said on Twitter. "Few issues at the office that need addressing. #bringbackboris". Party members and Conservative lawmakers are expected to be given a say in the vote. A poll earlier this week showed most members wanted Johnson to return, but betting odds put Sunak as the favourite, ahead of Mordaunt, defence minister Ben Wallace and Johnson.
As for Truss, she will enter the history books as the prime minister with the shortest tenure in office, replacing George Canning, who had held the role for 119 days when he died in 1827. The rapid demise of Truss, in just the latest bout of turmoil to hit Westminster - has prompted many Conservative lawmakers to openly despair about the state of Britain's most successful political party.
Asked if they could recover from this, one lawmaker replied: "Never in a million years." The main opposition Labour Party - and many voters - have called for a general election.
"She's not been voted in and certainly, the policy decisions she made, none of the British people asked for any of those," 50-year-old Kelly Rodgers told Reuters outside Downing Street. "So (it's) right and proper she should go." "But equally, she's just symbolic of her party - it's absolute chaos."
(Writing by Kate Holton; additional reporting by Farouq Suleiman, William James, Sachin Ravikumar, Kylie MacLellan and Reuters TV; Editing by Catherine Evans)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221384-update-7-liz-truss-resigns-after-six-weeks-as-uk-prime-minister | 2022-10-20T17:04:59 | en | 0.979317 |
You need to enable JavaScript to run this app. | https://sportspyder.com/mlb/milwaukee-brewers/articles/41194099 | 2022-10-20T17:05:01 | en | 0.738227 |
SCRANTON, Pa., Oct. 20, 2022 /PRNewswire/ -- Peoples Financial Services Corp. ("Peoples") (NASDAQ: PFIS), the bank holding company for Peoples Security Bank and Trust Company, today reported unaudited financial results at and for the three and nine months ended September 30, 2022.
Peoples reported net income of $10.0 million, or $1.38 per diluted share for the three months ended September 30, 2022, a 9.6% increase when compared to $9.1 million, or $1.26 per share for the comparable period of 2021. The increase in earnings for the three months ended September 30, 2022 is due to a $3.0 million increase to net interest income when compared to the year ago period. Partially offsetting the increases were higher noninterest expenses of $1.8 million due to higher salaries and benefits and occupancy and equipment costs in part due to ongoing investment in the Company's market expansion strategy and digital technology upgrade.
Net income for the nine months ended September 30, 2022, totaled $29.0 million or $4.01 per diluted share, a 6.8% increase over $27.1 million or $3.74 per diluted share in the prior year's period. The increase in earnings in the nine months ended September 30, 2022 is a result of increased net interest income of $8.3 million and an increase of $0.3 million in noninterest income. Partially offsetting the increases were a $1.7 million increase in provision for loan losses and an increase of $5.5 million in noninterest expense. Strong loan growth resulted in a provision for loan losses of $1.7 million in the current nine month period, as compared to no loan loss provision in the year ago period. Higher noninterest expenses were mainly due to higher salaries and benefits of $2.7 million and higher occupancy and equipment costs of $2.2 million in part due to our continued investment in the market expansion strategy and our recent digital technology upgrade implemented during the second half of 2021.
NOTABLES
- Record year-to-date earnings of $29.0 million or $4.01 per diluted share.
- Dividends paid during the first nine months of 2022 totaled $1.18 per share representing a 5.4% increase from the same period in 2021.
- Net loan growth for the nine months ended September 30, 2022, excluding Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans, was $340.7 million or 20.2% annualized.
- Deposit growth during the three and nine months ended September 30, 2022, excluding brokered deposits, totaled $230.2 million and $127.4 million, respectively. During the three months ended September 30, 2022, deposit growth enabled the Company to pay-off its short-term borrowings at the Federal Home Loan Bank of Pittsburgh.
- Return on average assets ("ROAA") was 1.14% for the three and nine months ended September 30, 2022 compared to 1.17% and 1.21% for the comparable periods in 2021.
- Return on average equity ("ROE") was 12.69% and 11.93% for the three and nine months ended September 30, 2022 compared to 11.01% and 11.24% for the comparable periods in 2021.
- Return on average tangible equity, a non-GAAP measure1, was 15.94% and 14.82% for the three and nine months ended September 30, 2022 compared to 13.69% and 14.03% for the comparable periods in 2021.
- Tax-equivalent net interest income, a non-GAAP measure1, increased $8.6 million or 13.4% to $72.7 million for the nine months ended September 30, 2022 compared to $64.1 million for the same period in 2021.
- Nonperforming assets as a percentage of total assets at September 30, 2022 improved to 0.12% as compared to 0.15% at December 31, 2021, and 0.19% at September 30, 2021.
1 See reconciliation of non-GAAP financial measures on p.17 and 18
INCOME STATEMENT REVIEW
In March 2022, the Federal Open Market Committee ("FOMC") began increasing the federal funds rate in an attempt to curb inflation. Since then, there have been 5 rate increases, totaling 300 basis points and additional rate hikes are anticipated through year-end. These increases directly impact our core source of income, net interest income through yields on investments and loans and the cost of funding via deposits and borrowings. Through September 30, 2022, we have realized higher rates on our existing adjustable and variable rate loans and new originations. The benefit of higher asset yields however, has been partially mitigated by higher funding costs primarily during the three months ended September 30, 2022, as rate-sensitive depositors are seeking higher rates. We anticipate that funding costs will continue to increase in the future as a result of the FOMC rate adjustments, local competition for deposits or the cost of alternative funding.
Calculated on a fully taxable equivalent basis ("FTE"), a non-GAAP measure1, our net interest margin for the three months ended September 30, 2022 was 3.08%, an increase of 2 basis points when compared to the three months ended June 30 2022, and an increase of 1 basis point when compared to 3.07% for the same three month period in 2021. The increase in net interest margin from the prior three month period was due to an increase in the volume and yield of earning assets, which offset higher funding costs. The tax-equivalent yield on interest-earning assets increased 25 basis points to 3.59% during the three months ended September 30, 2022 from 3.34% during the three months ended June 30, 2022, and increased 22 basis points when compared to 3.37% for the three months ended September 30, 2021. Our cost of funds, which represents our average rate paid on total interest-bearing liabilities, increased 33 basis points to 0.72% for the three months ended September 30, 2022 when compared to 0.39% during the three months ended June 30, 2022 and increased 30 basis compared to 0.42% in the prior year period. Each of these increases was due to the higher costs of deposits and short-term borrowings used to fund loan growth.
Third Quarter 2022 Results – Comparison to Prior-Year Quarter
Tax-equivalent net interest income, a non-GAAP measure1, for the three months ended September 30, increased $3.1 million or 13.9% to $25.5 million in 2022 from $22.4 million in 2021. The increase in tax equivalent net interest income was due to higher tax-equivalent interest income of $5.2 million less higher interest expense of $2.1 million.
The higher interest income was the result of an increase in average earning assets, which offset a negative rate variance due to lower yields on the investment portfolio. Average earning assets were $391.1 million higher in the three month period ended September 30, 2022 when compared to the year ago period. PPP loans averaged $27.5 million in the three-month period ended September 30, 2022 with interest and net fees totaling approximately $0.2 million compared to average balances of $122.3 million with interest and net fees totaling $2.5 million in the year ago period. The tax-equivalent yield on the loan portfolio was 4.09% and 4.06% for the three months ended September 30, 2022 and 2021. Excluding PPP loans, the tax-equivalent yield of the loan portfolio was 4.10% and 3.83% at September 30, 2022 and 2021, respectively. This increase was due to the higher rates on adjustable and floating rate loans, which comprise 49.0% of our portfolio loans, and new loan originations. Loans, net averaged $2.6 billion for the three months ended September 30, 2022 and $2.2 billion for the comparable period in 2021. For the three months ended September 30, the tax-equivalent yield on total investments decreased to 1.67% in 2022 from 2.01% in 2021. Average investments totaled $656.4 million in 2022 and $365.5 million in 2021.
The increased interest expense in the current three month period is due primarily to higher rates on public funds and customer non-maturity deposits driven by the higher interest rate environment. The Company's total cost of deposits increased during the three months ended September 30, 2022 compared to the year ago period by 19 basis points to 0.44%, and the cost of interest-bearing deposits increased to 0.59% from 0.34% in the previous year three month period. The Company utilized short-term FHLB borrowings during the current period which added $0.5 million of interest expense at a cost of 2.30% compared to no short-term borrowings in the year ago period.
Average interest-bearing liabilities increased $297.8 million for the three months ended September 30, 2022, compared to the corresponding period last year due to an increase in non-maturity and public fund deposits and short-term borrowings. Average noninterest-bearing deposits also increased by 10.8% from the prior period and now represent 25.7% of total deposits.
For the three months ended September 30, 2022, the provision for loan losses was $0.5 million, the result of $62.5 million of non-PPP net loan growth during the quarter. For the year ago period, the provision for loan losses was $0.4 million due to loan growth, improved credit quality and the reversal of previous COVID-related asset quality qualitative adjustments.
Noninterest income for the three months ended September 30, 2022 was $3.3 million, a $0.1 million decrease from $3.4 million for the three months ended September 30, 2021. The decline was due to reduced wealth management fees, which are based on account valuations and have been negatively impacted by stock market fluctuations, as well as mortgage banking revenue which has declined due to lower originations and volumes of mortgages sold into the secondary market as the interest rates on mortgages have risen.
Noninterest expense increased $1.8 million or 12.6% to $15.9 million for the three months ended September 30, 2022, from $14.1 million for the three months ended September 30, 2021. Salaries and employee benefits increased $0.6 million or 8.2% due to annual merit increases and the addition of lending teams and credit support staff in our newest expansion markets of Piscataway, New Jersey and Pittsburgh, Pennsylvania that opened during the fourth quarter of 2021. Occupancy and equipment expenses were higher by $0.7 million in the current period due to information technology investments related in part to mobile/digital banking solutions implemented during the second half of 2021.
The provision for income tax expense increased $0.2 million for the three months ended September 30, 2022 compared to the year ago period due to higher taxable income in the current period.
Nine-Month Results – Comparison to Prior Year First Nine Months
Calculated on a fully taxable equivalent basis ("FTE"), a non-GAAP measure1, the net interest margin for the nine months ended September 30, 2022 was 3.04%, a decrease of 2 basis points over the prior year's period of 3.06%. Excluding the impact of PPP loan interest and net fees, the net interest margin increased to 3.00% in the current period from 2.95% in the year ago period. Tax-equivalent net interest income, a non-GAAP measure1, for the nine months ended September 30, increased $8.6 million or 13.4% to $72.7 million in 2022 from $64.1 million in 2021. The increase in net interest income was driven by an increase in average earning assets of $400.0 million, partially offset by a negative rate variance, and higher funding costs due to an increase of $295.0 million in average interest-bearing liabilities and higher interest rates. The 2022 period included $1.7 million in SBA PPP interest and fees, a decrease of $4.6 million compared to the $6.3 million in the year ago period. Average loans increased $272.4 million and investments increased $304.5 million compared to September 30, 2021. The yield on earning assets was 3.39% for the first nine months of 2022 compared to 3.41% in 2021. The cost of interest bearing liabilities during the nine month period fell slightly to 0.49% from 0.50% a year ago.
For the nine months ended September 30, 2022, the provision for loan losses was $1.7 million, primarily the result of $340.7 million growth of non-PPP loans. For the nine months ended September 30, 2021, there was no provision for loan losses due to improved credit quality and reversal of COVID related asset quality adjustments made in the prior year's period.
Noninterest income for the nine months ended September 30, 2022 was $10.6 million, a $0.3 million increase from $10.3 million for the nine months ended September 30, 2021. During the period, service charges, fees and commissions increased $0.7 million due in part to the reversal of an accrual of a $0.3 million bank owned life insurance benefit in the year ago period, higher consumer and commercial deposit service charges and higher revenue related to debit card activity. Mortgage banking income decreased $0.4 million during the nine months ended September 30, 2022 compared to the prior year on lower sales volumes.
Noninterest expense for the nine months ended September 30, 2022, was $45.7 million, an increase of $5.5 million from $40.2 million for the prior year's period. The increase was due primarily to $2.7 million in higher salaries and benefits expense due to annual merit increases, our investment into our newest expansion markets and lower deferred loan origination costs, which are recorded as a contra-salary expense. Occupancy and equipment expenses were higher by $2.2 million in the current period due to information technology investments related to mobile/digital banking solutions implemented during the second half of 2021 and additional costs related to entrance into the Piscataway, New Jersey and Pittsburgh, Pennsylvania markets. Other expenses, which include professional, consulting and loan processing fees, accounted for an increase of $0.4 million.
The provision for income taxes for the nine months ended September 30, 2022 decreased $0.3 million and the effective tax rate was 16.2% as compared to 17.7% in the prior period. The lower effective tax rate in 2022 was due to a $0.6 million deferred tax adjustment recorded in 2021 and higher levels of tax-exempt income in the current period.
BALANCE SHEET REVIEW
At September 30, 2022, total assets, loans and deposits were $3.5 billion, $2.6 billion and $3.1 billion, respectively. Loan growth for the nine months ended September 30, 2022, excluding SBA PPP loans, was $340.7 million or 20.2% annualized due to improved loan demand and organic growth in our newest markets. Loan growth, excluding PPP loans, during the three months ended September 30, 2022 totaled $62.5 million. Higher interest rates and economic uncertainty may result in lower loan demand and lower growth over the near-term when compared to the first nine months of 2022. Commercial real estate loans made up the majority of the growth with tax-exempt loans and residential real estate loans also showing increases. During the nine months ended September 30, 2022, the SBA forgave PPP loans totaling $46.2 million. Gross SBA PPP loans remaining at September 30, 2022 total $22.7 million. Net deferred SBA PPP fees remaining at September 30, 2022 totaled $0.3 million and are expected to be earned throughout the remainder of 2022 as the remaining SBA PPP loans are forgiven or repaid. Total investments were $570.5 million at September 30, 2022, compared to $588.7 million at December 31, 2021. The decrease to the investment portfolio resulted from the unrealized loss on the available for sale portfolio, maturities and pay-downs, offset in part by purchases completed during the first six months of 2022. At September 30, 2022, the available-for-sale investment portfolio had an unrealized loss of $74.6 million compared to an unrealized loss of $1.8 million at December 31, 2021, which was the result of the rapid increase in interest rates as the FOMC increased rates five times from March through September 2022 totaling 300 basis points. Our federal funds sold balance decreased $172.8 million to $69.6 million at September 30, 2022 from $242.4 million at December 31, 2021 and was used to fund our loan growth and investment purchases during the period. Total deposits increased $160.7 million from December 31, 2021 as we experienced an increase of $109.4 million in public fund deposits. Non-interest bearing deposits increased $32.2 million, or 4.4% and interest-bearing deposits increased $128.5 million, or 5.8% during the nine months ended September 30, 2022. Short-term borrowings used to fund a portion of our loan growth and offset the deposit outflows in the second quarter were repaid in the third quarter from the increase of $212.9 million in deposits, in part due to seasonal inflows of public fund deposits.
Stockholders' equity equaled $301.8 million or $42.14 per share at September 30, 2022, and $340.1 million or $47.44 per share at December 31, 2021. The decrease in stockholders' equity from December 31, 2021 is primarily attributable to a decrease to accumulated other comprehensive income ("AOCI") resulting from an increase to the unrealized loss on investment securities and dividends paid to shareholders, partially offset by net income. Tangible stockholders' equity decreased to $33.26 per share at September 30, 2022, from $38.54 per share at December 31, 2021. Dividends declared for the nine months ended September 30, 2022 amounted to $1.18 per share, a 5.4% increase from the 2021 period, representing a dividend payout ratio of 29.4%. During the three months ended September 30, 2022, 7,911 shares were purchased and retired under the Company's common stock repurchase plan.
ASSET QUALITY REVIEW
Asset quality metrics remained strong and continued to improve. Nonperforming assets were $4.2 million or 0.16% of loans, net and foreclosed assets at September 30, 2022, compared to $5.0 million or 0.21% of loans, net and foreclosed assets at December 31, 2021. As a percentage of total assets, nonperforming assets improved to 0.12% at September 30, 2022 compared to 0.15% at December 31, 2021. The decrease in non-performing assets from the end of the year was primarily due to the sale in the current period of the Company's foreclosed properties which totaled $0.5 million at December 31, 2021; at September 30, 2022 People's had no foreclosed properties.
The Company's allowance for loan losses increased to $29.8 million as net charge-offs of $0.3 million were offset by a provision for loan losses of $1.7 million. The allowance for loan losses equaled $29.8 million or 1.14% of loans, net at September 30, 2022 compared to $28.4 million or 1.22% of loans, net, at December 31, 2021. Excluding PPP loans which do not carry an allowance for loan losses due to a 100% government guarantee, the ratio equaled 1.15% at September 30, 2022. Loans charged-off, net of recoveries, for the nine months ended September 30, 2022, equaled $0.3 million or 0.02% of average loans, compared to $0.2 million or 0.02% of average loans for the comparable period last year.
About Peoples:
Peoples Financial Services Corp. is the parent company of Peoples Security Bank and Trust Company, a community bank serving Allegheny, Bucks, Lackawanna, Lebanon, Lehigh, Luzerne, Monroe, Montgomery, Northampton, Schuylkill, Susquehanna, and Wyoming Counties in Pennsylvania, Middlesex County in New Jersey and Broome County in New York through 28 offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. Peoples' business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely decision making, flexible and reasonable operating procedures and consistently applied credit policies.
In addition to evaluating its results of operations in accordance with U.S. generally accepted accounting principles ("GAAP"), Peoples routinely supplements its evaluation with an analysis of certain non-GAAP financial measures, such as tangible stockholders' equity and core net income ratios. The reported results included in this release contain items, which Peoples considers non-core, namely the gain on the sale of the Visa Class B shares. Peoples believes the reported non-GAAP financial measures provide information useful to investors in understanding its operating performance and trends. Where non-GAAP disclosures are used in this press release, a reconciliation to the comparable GAAP measure is provided in the accompanying tables. The non-GAAP financial measures Peoples uses may differ from the non-GAAP financial measures of other financial institutions.
Co: Peoples Financial Services Corp.
St: Pennsylvania
In: Fin
Safe Harbor Forward-Looking Statements:
We make statements in this press release, and we may from time to time make other statements regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Peoples Financial Services Corp. and Peoples Security Bank and Trust Company (collectively, "Peoples") that are considered "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may be identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated," "intend" and "potential." For these statements, Peoples claims the protection of the statutory safe harbors for forward-looking statements.
Peoples cautions you that a number of important factors could cause actual results to differ materially from those currently anticipated in any forward-looking statement. Such factors include, but are not limited to: prevailing economic and political conditions, particularly in our market area; the COVID-19 crisis and the governmental responses to the crisis; the impact on financial markets from geopolitical conflicts such as the military conflict between Russia and Ukraine; credit risk associated with our lending activities; changes in interest rates, loan demand, real estate values and competition; changes in accounting principles, policies, and guidelines; changes in any applicable law, rule, regulation or practice with respect to tax or legal issues; our ability to identify and address cyber-security risks and other economic, competitive, governmental, regulatory and technological factors affecting Peoples' operations, pricing, products and services and other factors that may be described in Peoples' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission from time to time.
In addition to these risks, acquisitions and business combinations present risks other than those presented by the nature of the business acquired. Acquisitions and business combinations may be substantially more expensive to complete than originally anticipated, and the anticipated benefits may be significantly harder-or take longer-to achieve than expected. As regulated financial institutions, our pursuit of attractive acquisition and business combination opportunities could be negatively impacted by regulatory delays or other regulatory issues. Regulatory and/or legal issues related to the pre-acquisition operations of an acquired or combined business may cause reputational harm to Peoples following the acquisition or combination, and integration of the acquired or combined business with ours may result in additional future costs arising as a result of those issues.
The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, Peoples assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.
[TABULAR MATERIAL FOLLOWS]
The efficiency ratio is noninterest expenses, less amortization of intangible assets, as a percentage of FTE net interest income plus noninterest income. The following table reconciles the non-GAAP financial measures of the efficiency ratio to GAAP for the three and nine months ended September 30, 2022 and 2021:
SOURCE Peoples Financial Services Corp. | https://www.prnewswire.com/news-releases/peoples-financial-services-corp-reports-unaudited-third-quarter-2022-earnings-301654978.html | 2022-10-20T17:05:01 | en | 0.965025 |
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- For nearly 30 years, ACE has helped high school students in their pursuit of careers in architecture, construction and engineering
- As a Cornerstone-level partner, TK Elevator will help increase ACE's visibility while supporting infrastructure improvements
- TK Elevator is highly focused on supporting the STEAM community, hosting science, technology and engineering students at its Innovation and Qualification Center
ATLANTA, Oct. 20, 2022 /PRNewswire/ -- TK Elevator, one of the global market and innovation leaders in the elevator industry, has become a national sponsor for the ACE Mentor Program of America. ACE is a free, award-winning afterschool program designed to attract high school students into pursuing careers in the architecture, construction and engineering industry, including skilled trades such as the elevator industry.
As a sponsor, TK Elevator will help raise the visibility of ACE Mentor across the U.S., while its contributions will help ACE maintain and improve the infrastructure needed to run its more than 70 locations nationwide as well as help ACE implement innovative programs.
"We are proud to partner with ACE Mentor Program of America as we work together to inspire and develop the next generation of architects, construction and engineering professionals. This life-changing program teaches high school students about the entire process of designing and building a project, and we are excited to help these passionate leaders of tomorrow in their professional development," said Shari Lotz, Chief Human Resources Officer at TK Elevator North America.
A federation of more than 75 chapters, ACE operates in 38 states and Canada and is largely based in metropolitan areas. A national office supports the affiliate programs. Since being founded in 1994, ACE has awarded more than $14 million in scholarships. ACE has been awarded the Presidential Award for Excellence in Science Mathematics and Engineering Mentoring, the nation's highest award for mentoring. It has also been awarded the AIA Collaborative Achievement Award.
ACE is an impactful addition to TK Elevator's already strong commitment to STEAM (Science, Technology, Engineering, Arts, Mathematics). For example, TK Elevator has hosted numerous student groups for tours of its award-winning Innovation and Qualification Center in Atlanta. The research and development facility with elevator test tower has a digital showroom featuring 20 interactive displays providing a one-of-a-kind educational experience.
To learn more about TK Elevator, go to https://www.tkelevator.com/.
PRESS IMAGES
Available here (credit: TK Elevator)
PRESS CONTACT
Dennis Van Milligen
Manager, Public Relations
TK Elevator North America
P +1 312 315 9396
[email protected]
www.tkelevator.com/us-en/
TK Elevator
With customers in over 100 countries served by more than 50,000 employees, TK Elevator achieved sales of around €8 billion in the fiscal year 2020/2021. Over 1,000 locations around the world provide an extensive network that guarantees closeness to customers. Over the past decades, TK Elevator has established itself as one of the world's leading elevator companies and became independent since its separation from thyssenkrupp AG in August 2020. The company's most important business line is the service business represented by over 24,000 service technicians. The product portfolio covers commodity elevators for residential and commercial buildings to cutting-edge, highly customized solutions for state-of-the-art skyscrapers. In addition, it also consists of escalators and moving walks, passenger boarding bridges, stair and platform lifts. Integrated cloud-based service solutions, such as the MAX platform, are gaining in importance. With these digital offerings, there are no limits to urban mobility anymore. TKE – move beyond.
SOURCE TK Elevator | https://www.prnewswire.com/news-releases/tk-elevator-becomes-national-sponsor-for-ace-mentor-program-of-america-301654979.html | 2022-10-20T17:05:08 | en | 0.9517 |
UPDATE 7-Liz Truss resigns after six weeks as UK prime minister
Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31. NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country. Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson.
Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged much of her own party. The Conservative Party, which holds a big majority in parliament and need not call a nationwide election for another two years, will elect a new leader by Oct. 28.
That contest is likely to pit ex-finance minister Rishi Sunak against Penny Mordaunt, but could also see the return of former premier Boris Johnson, who was ousted in July when his ministers resigned en masse to force him out of power. Speaking outside the door of her Number 10 Downing Street office, Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history.
"I have therefore spoken to His Majesty the King to notify him that I am resigning as leader of the Conservative Party," said Truss, who was supported only by her husband with her aides and loyal ministers noticeably absent. Truss became Britain's fourth prime minister in six years after being elected in September to lead the Conservative Party by its members, not the broader electorate, and with support from only around a third of the party's lawmakers.
She had promised tax cuts funded by borrowing, deregulation and a sharp shift to the right on cultural and social issues. Appointed on Sept. 6, she was forced last week to sack her finance minister and closest political ally, Kwasi Kwarteng, and abandon almost all her economic programme after their plans for vast unfunded tax cuts crashed the pound and British bonds. Approval ratings for her and the Conservative Party collapsed.
On Wednesday she lost the second of the government's four most senior ministers, faced laughter as she tried to defend her record to parliament and saw her lawmakers openly quarrel over policy, deepening the sense of chaos at Westminster. New finance minister Jeremy Hunt is now racing to find tens of billions of pounds of spending cuts to try to reassure investors and rebuild Britain's fiscal reputation.
With the economy heading into recession and inflation running at a 40-year high, millions of Britons are struggling with a cost-of-living crisis. Hunt, who has ruled himself out of the leadership race, is due to deliver a new budget on Oct. 31.
NEXT RACE FOR DOWNING STREET The sight of yet another unpopular prime minister being driven out of office underscores just how volatile British politics has become since the 2016 vote to leave the European Union unleashed a battle for the direction of the country.
Among those expected to run for the role are Sunak, who remains deeply unpopular with parts of the Conservative Party after he helped to trigger the summer rebellion against Johnson. Penny Mordaunt, a former defence minister, could also run, along with Suella Braverman, the interior minister who quit on Wednesday.
Johnson, who still faces an investigation into whether he misled parliament after he and his staff held a string of parties during COVID-19 lockdowns, may also be a candidate. The face of the 2016 Brexit vote has loomed large over politics since he became London Mayor in 2008. He led his party to a landslide election victory in 2019 but was driven out of office in July by colleagues who were disgusted by his conduct.
"I hope you enjoyed your holiday boss. Time to come back," one Conservative lawmaker, James Duddridge, said on Twitter. "Few issues at the office that need addressing. #bringbackboris". Party members and Conservative lawmakers are expected to be given a say in the vote. A poll earlier this week showed most members wanted Johnson to return, but betting odds put Sunak as the favourite, ahead of Mordaunt, defence minister Ben Wallace and Johnson.
As for Truss, she will enter the history books as the prime minister with the shortest tenure in office, replacing George Canning, who had held the role for 119 days when he died in 1827. The rapid demise of Truss, in just the latest bout of turmoil to hit Westminster - has prompted many Conservative lawmakers to openly despair about the state of Britain's most successful political party.
Asked if they could recover from this, one lawmaker replied: "Never in a million years." The main opposition Labour Party - and many voters - have called for a general election.
"She's not been voted in and certainly, the policy decisions she made, none of the British people asked for any of those," 50-year-old Kelly Rodgers told Reuters outside Downing Street. "So (it's) right and proper she should go." "But equally, she's just symbolic of her party - it's absolute chaos."
(Writing by Kate Holton; additional reporting by Farouq Suleiman, William James, Sachin Ravikumar, Kylie MacLellan and Reuters TV; Editing by Catherine Evans)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221385-update-7-liz-truss-resigns-after-six-weeks-as-uk-prime-minister | 2022-10-20T17:05:07 | en | 0.979317 |
NEW YORK, Oct. 20, 2022 /PRNewswire/ -- WHP Global, the parent company of Toys"R"Us® and Babies"R"Us®, and Toys"R"Us ANZ Limited (ASX: TOY), the exclusive license partner for Toys"R"Us and Babies"R"Us in Australia and the UK, announced the brands' return to the United Kingdom with the launch of digital flagship ecommerce websites ToysRUs.co.uk and BabiesRUs.co.uk.
To the delight of families all over the UK, the magic of the world's most beloved toy store is back with a wide range of toys and baby products just in time for the holiday shopping season. Toys"R"Us UK's digital commerce launches with a massive range of products on the Toys"R"Us and Babies"R"Us flagship sites from more than 300 brands and aims to further enhance the customer experience with engaging content, expert guides and product differentiation.
The UK ecommerce launch coincides with the successful rollout of Toys"R"Us shops at all Macy's stores across the U.S., marking a significant return of the brand in two of the top global toy markets.
"The momentum behind the Toys"R"Us brand and it's return to key markets including the UK and United States has been phenomenal. Since acquiring the brand in March of last year, we have grown its global footprint by 50% and we are still in early innings for what customers can expect from both Toys"R"Us and Babies"R"Us as we head into 2023," said Yehuda Shmidman, Chairman and CEO of WHP Global and Toys"R"Us.
Dr. Louis Mittoni, CEO and Managing Director of Toys"R"Us ANZ commented on the UK launch stating: "This important event is an acknowledgment of our devotion to the Toys"R"Us and Babies"R"Us brands, and testimony to the fantastic working relationship with worldwide brand owner WHP Global. Tailoring our successful Australian relaunch plan to the UK echoes the success of other e-commerce platform play businesses that have delivered growth and value due to their ability to quickly and cost effectively expand their software, processes, partner relationships and brands into new countries. Since Toys"R"Us' return to Australia in June 2019, we have scaled quickly as customers returned to the much-loved brand and our e-commerce model has proven its success."
The United Kingdom has one of the most advanced and mature e-commerce markets in the world, with internet-savvy consumers increasingly embracing online purchasing. The total addressable market for toys and games in the UK for 2021 was £3.7 billion1, representing the largest toy market in Europe and the fourth largest globally.
Mike Coogan, Marketing Director of Toys"R"Us UK, added: "It is a very exciting time for Babies"R"Us and Toys"R"Us and we cannot wait to reclaim our position with British shoppers as the premiere supplier of the very best toys, games, and babycare products for parents and children."
For more information or to shop Toys"R"Us and Babies"R"Us visit: www.toysrus.co.uk and https://www.babiesrus.co.uk/.
For more than 70 years, Toys"R"Us has been a global leader in the toy category celebrating the joys of childhood and play with kids of all ages. Geoffrey the Giraffe™, the beloved mascot of Toys"R"Us, is adored by millions of kids and their families around the world. Babies"R"Us has been known as the most trusted authority on parenthood. Millions of new and expecting parents, grandparents and caregivers around the world rely on Babies"R"Us as the go-to resource for the best baby products, advice, registry, and savings for their family. This brand power remains as the brands generate more than USD$2 billion in global retail sales annually through 1300+ stores and e-commerce businesses in over 25 countries. Visit toysrus.com and follow us on social @toysrus.
WHP Global is a leading New York based firm that acquires global consumer brands and invests in high-growth distribution channels including digital commerce platforms and global expansion. WHP owns TOYS"R"US®, BABIES"R"US®, ANNE KLEIN®, JOSEPH ABBOUD®, JOE'S JEANS®, WILLIAM RAST®, LOTTO®, as well as a controlling interest in the ISAAC MIZRAHI® brand. Collectively the brands generate approximately USD$4.5 billion in global retail sales. The company also owns WHP+, a turnkey direct to consumer digital e-commerce platform for brands, with full in-house operations including technology, data analytics, logistics, creative and digital marketing and WHP SOLUTIONS, a sourcing agency based in Asia. For more information, please visit www.whp-global.com.
Toys"R"Us ANZ Limited (ASX: TOY) is an Australian based listed company with a mission to enrich the lives of people by encouraging exploration, creativity and living life more fully through the enjoyment of toys and hobbies. In addition to distributing leading products throughout Australia for key partners via its trading business Funtastic, the company acquired 100% of the Hobby Warehouse Group in November 2020, including Australian e-commerce websites Toys"R"Us, Babies"R"Us and Hobby Warehouse and the distribution business Mittoni Pty Ltd. The Company changed its name from Funtastic Limited to Toys"R"Us ANZ Limited on 24 June 2021. Further information is available at corporate.toysrus.com.au
WHP Global / Toys"R"Us
Jaime Cassavechia
+1 646 701 7041
[email protected]
1 - The NPD Group, 2021
SOURCE WHP Global | https://www.prnewswire.com/news-releases/toysrus-and-babiesrus-return-to-the-united-kingdom-with-digital-flagship-launch-301654985.html | 2022-10-20T17:05:14 | en | 0.943969 |
Conservative bastion rattled by UK 'state of chaos' welcomes Truss exit
Residents in a traditional Conservative Party-voting area of Britain hailed Liz Truss' resignation as prime minister on Thursday, with one saying the state of the country was "an absolute disgrace" following her six weeks in office.
Residents in a traditional Conservative Party-voting area of Britain hailed Liz Truss' resignation as prime minister on Thursday, with one saying the state of the country was "an absolute disgrace" following her six weeks in office. Truss was brought down by an economic programme that shattered investor confidence and enraged much of her party.
Truss accepted that she had lost the faith of her party and said she would step down next week, becoming the shortest-serving prime minister in British history. "Well, it’s an absolute disgrace, you know it makes you wonder whether you should vote Conservative again, but I’m delighted to hear that she’s finally gone,” said Fran Binns, 76, in the market town of Knutsford in northwest England.
Dominic Carroll told Reuters that Truss had made "so many mistakes and so many U-turns", adding a strong politician should take the country by the "scruff of the neck" and sort it out. “It just had to be done because things were in such a state of chaos, and she obviously had no confidence," said a man who gave his name as Colin.
"The Conservatives had no confidence in her and it was developing into a bit of a shambles, so she had to do something." Most of the people interviewed in Knutsford, part of the traditionally Conservative constituency of Tatton, were at a loss as to who was fit to replace her. Tatton has delivered a conservative MP in all but one election since 1983.
Connie said she had mixed feelings about Truss's departure. “I think she’s been hounded out, and she’s not the first one. I think that’s what the media do really ... but you know there’s a lot going wrong so, yeah."
Asked who should replace Truss, 75-year-old Jenny Norton replied: "No one I think I’ve got that much confidence in.” In London, traditionally a Labour stronghold, several people called for a general election to restore stability.
"We need a general election because it's just a cycle of rubbish and they replace rubbish with more rubbish," Craig Randall, 35, told Reuters. "None of them are fit for the job so yeah, I think we need a general election. We can't just keep having different leaders who ... they're ruining the country at the end of the day."
A women who gave her name as Jill said people had the right to have a say, and were "very, very fed up". "In this country, we have an unelected head of state, now we have an unelected government. That's not democracy is it?"
(Writing by William Maclean; Editing by Alison Williams)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Weakened Truss pledges to steer Britain through 'stormy days' | https://www.devdiscourse.com/article/politics/2221388-conservative-bastion-rattled-by-uk-state-of-chaos-welcomes-truss-exit | 2022-10-20T17:05:16 | en | 0.987011 |
Atlas turns its customers into investors by giving them an opportunity to invest in the same homes they book
AUSTIN, Texas, Oct. 20, 2022 /PRNewswire/ -- Today, Wander announced the launch of Atlas, the industry's first vacation home rental real estate investment trust (REIT). Atlas transforms Wander's customers into partial property owners by enabling them to own a piece of the inspiring network of homes.
Wander will leverage Atlas to expand its network of smart vacation homes from coast-to-coast so it can more than double the number of rentals by early 2023, positioning Wander properties within a 3-hour drive of 80% of the U.S. population.
With Atlas, both retail and institutional investors are able to tap into Wander's valuable real estate portfolio in an accessible and scalable way. Luxury short-term rental homes offer attractive fundamentals, including regularly generated revenue from guest bookings coupled with the stability and appreciation profile of single-family homes. Atlas investors will have the potential to earn high yield-passive income with an 8% targeted annual dividend, deposited every single month, as well as sharing in any appreciation of the homes in the event of a sale.
Atlas comes at a time when investors are increasingly looking to diversify their portfolio after continued public market losses throughout 2022. While demand to invest in single-family homes remains high, due its stability and appreciation, the soaring interest rates have made the asset class increasingly out of reach for many investors.
"Atlas provides a truly unique, and hopefully valuable, investment opportunity – and especially amid a particularly tumultuous moment in global markets. It unlocks an accessible format for real estate investing and a desirable asset class that has historically been plagued with high barriers to entry," said John Andrew Entwistle, Founder and CEO at Wander. "As investors continue to pursue greater portfolio diversification, we think there's something very special about being able to invest in assets that investors can actually enjoy directly by booking the properties on Wander. Interest in domestic U.S. travel continues to compound, and we're committed to meeting the demand by scaling our portfolio of vacation homes to incredible new coast-to-coast destinations."
Wander was founded in May of 2021 with the mission of building the travel experience of the future that reflects new consumer behaviors where people increasingly blend travel, family time, work and play in one experience. Wander stands out in the fast-growing travel services space by vertically integrating and owning 100% of the homes on the platform, which is essential to providing uncompromising high quality, smart technology, and a wide range of unique, inspiring locations for every guest experience.
Across 500+ bookings since launching in early 2022, Wander has a 94.6% customer satisfaction rate amongst customers, who highlight "consistency, quality and excellent service" as top reasons for choosing Wander over traditional travel options. Through the Wander app, consumers can book a smart vacation home with inspiring views, modern workstations, restful beds, hotel-grade cleaning and 24/7 concierge services to have full home control at their fingertips –– from opening the door, to turning on the lights, adjusting the temperature and accessing a Tesla in the garage.
Wander currently owns properties coast-to-coast in incredible locations like Vail,Tahoe, Joshua Tree, Asheville, Hudson Valley and coastal properties in California, Florida, Oregon and South Carolina, some of which will end up as part of Atlas. Wander plans to more than double its number of rental properties by early 2023, expanding to new high-demand beachfront, mountain, lakefront and desert destinations.
Chuckie Reddy, Partner at QED Capital, who led Wander's series A said, "Wander Atlas has the potential to transform property ownership as we know it. It bypasses traditional means of capital raising with a direct opportunity for the Wander community to own and earn from the very properties they've come to love staying in."
Fellow board member Alex Bard from Redpoint Ventures added, "magical things happen when users are transformed into owners. The introduction of ownership unlocks both strong returns and greater affinity for the Wander experience. In tandem, Wander unlocks location expansion, which results in more growth and opportunities for people to enjoy the travel experience of the future."
Wander Atlas is currently only available to accredited investors who can request access at wander.com/atlas and investor slots are limited. Questions can be directed to [email protected].
About Wander:
Wander is a network of smart vacation homes in inspiring places that you can control from your phone. Every Wander comes with inspiring views, modern workstations, restful beds, hotel-grade cleaning and 24/7 concierge service. It's a vacation home, but better. Wander has raised $30M+ in funding from QED Investors, Redpoint Ventures, Authentic Ventures, Susa Ventures, Kevin Durant, Packy McCormick, Sahil Bloom, Todd & Rahul's Angel Fund and many more top angels and operators to build the travel experience of the future. Learn more at wander.com.
Contact:
Kyle Tibbitts
Chief Marketing Officer
[email protected]
SOURCE Wander | https://www.prnewswire.com/news-releases/wandercom-launches-atlas-the-industrys-first-vacation-home-rental-reit-to-scale-its-network-of-smart-vacation-homes-across-the-us-301654982.html | 2022-10-20T17:05:20 | en | 0.942043 |
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Liz Truss resigns as British PM after six weeks amid open revolt
- Country:
- United Kingdom
Embattled British Prime Minister Liz Truss on Thursday resigned as the Conservative Party leader saying she can no longer deliver the mandate she was elected on last month, ending her humiliating tenure at 10 Downing Street on her 45th day in the job following an open revolt against her chaotic leadership.
The 47-year-old outgoing prime minister will stay in charge until her successor is elected by the governing Tory party, with a speeded-up leadership election to be completed by next week.
Her former leadership rival, Rishi Sunak, is seen as a possible frontrunner in that race but a consensus within a divided Tory party remains elusive, with the Opposition Labour Party renewing calls for an immediate general election.
Ousted premier Boris Johnson is said to be considering another go in a race that is unlikely to have a clear choice, with former contenders Penny Mordaunt and Suella Braverman and UK Defence Secretary Ben Wallace among the names circulating.
''I recognise though that given the situation, I cannot deliver the mandate on which I was elected by the Conservative Party," Truss said in a brief statement outside 10 Downing Street.
The beleaguered leader said she had spoken to King Charles III to notify him of her resignation and also met the 1922 Committee chair Sir Graham Brady, in charge of Tory leadership elections, who has said a new Tory leader should be in place by next Friday.
''We have agreed that there will be a leadership election to be completed within the next week. This will ensure that we remain on a path to deliver our fiscal plans and maintain our countries economic stability and national security. I will remain as Prime Minister until a successor has been chosen," added Truss.
A downcast Truss, who stepped out of 10 Downing Street with her husband, said she had taken over at a time of great instability but ultimately admitted she had failed in her mission to deliver her economic agenda.
Her resignation on her 45th day in office makes her the shortest-serving Prime Minister in Britain's history. The second shortest serving prime minister was George Canning, who served for 119 days before he died in office in 1827.
Sunak, who lost out to Truss' now failed tax-cutting agenda in the leadership race last month, is seen as a key contender to step up to the post. But the picture remains extremely uncertain due to deep infighting within Tory ranks.
Loyalists of former prime minister Johnson believe the party should bring him back, given his solid electoral mandate from the 2019 general election. However, Truss' current troubles are themselves reminiscent of how Johnson was dragged out of office and forced to resign in early July amid an open revolt by a growing number of his MPs and ministers.
Other potential contenders include House of Commons leader Penny Mordaunt, Defence Secretary Ben Wallace, Foreign Secretary James Cleverly and Braverman.
The latest turmoil comes a day after Home Secretary Braverman's explosive exit from the Cabinet after admitting a breach of the ministerial code by discussing government policy in private emails and a scathing parting attack on her boss.
''Not only have we broken key pledges that were promised to our voters, but I have had serious concerns about this government's commitment to honouring manifesto commitments, such as reducing overall migration numbers and stopping illegal migration, particularly the dangerous small boat crossings," the Indian-origin former Home Secretary wrote in her resignation letter.
Her exit came over what experts believe was a relatively low-level ministerial breach but reflects more serious differences between Braverman and Truss over the country's immigration policy.
The outgoing prime minister attempted to move on from the latest crisis by swiftly appointing Grant Shapps as the new Home Secretary. But coming just days after she sacked Kwasi Kwarteng as chancellor and brought in Jeremy Hunt who has since reversed all of her economic agenda, the latest Cabinet upheaval was widely expected to only speed up Truss' exit from 10 Downing Street.
To make matters even worse, the Speaker of the House of Commons ordered an investigation into reports of bullying and manhandling of some Tory MPs being made to vote with the government on an Opposition motion on Wednesday night.
Confusion erupted after Labour tabled a vote on whether MPs should get a say on the government's fracking plans to drill for gas. Conservative MPs were initially told the vote would be treated as a test of loyalty to the government, a so-called motion of confidence, and if they did not oppose the Opposition Labour motion they could face disciplinary action from the parliamentary party.
Chaotic scenes were caught on camera in the voting lobby of the Commons as whips tried to get Tory MPs to oppose the Labour motion. There were reports of further resignations from Truss' top team, which were later withdrawn.
The Labour Leader, Sir Keir Starmer, has renewed his call for a general election as the only way out of the "pathetic squabbles" within the governing party.
''All the failures of the past 12 years have now come to the boil," he said at an event in Brighton, with reference to the Tory-led government's term in office.
Former prime minister Theresa May said that Tory MPs must be prepared to compromise to ensure there is a ''sensible, competent government.'' ''The prime minister is right to provide a roadmap for an orderly transition. MPs must now be prepared to compromise. It is our duty to provide sensible, competent government at this critical moment for our country,'' tweeted May, who served as prime minister from 2016-2019 before she resigned following a revolt over her Brexit plans.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221408-liz-truss-resigns-as-british-pm-after-six-weeks-amid-open-revolt | 2022-10-20T17:05:23 | en | 0.978531 |
ROCKFORD, Mich., Oct. 20, 2022 /PRNewswire/ -- Two American heritage brands, Wolverine, the 139-year-old boot and clothing company, and Lucky Brand, the free-spirited, Americana-inspired premium denim and lifestyle brand, have joined forces to launch a limited-edition men's boots collaboration. The new collection delivers four one-of-a-kind designs inspired by Lucky Brand's spirit of reinvention with iconic Wolverine silhouettes built for function and everyday wear.
"Our goal with this collection was to blend the distinctive qualities Wolverine and Lucky Brand each possess," says Tom Kennedy, Global Brand President at Wolverine. "Based on two of our popular styles, these boots were built for those who embrace their individuality and are ready for anything – a perfect mix for making a statement this fall."
The Lucky Brand x Wolverine collaboration features Lucky Brand's signature design details including the iconic "Lucky" clover logo and patches of premium denim, combined with the Wolverine emblem. The wedge-style collection is available in both plain toe and moc-toe options with four eye-catching colorways, including brown, marine blue, burnt olive and tan. The lightweight block with Goodyear welt construction provides all-day comfort, and fatigue-fighting sole reinforcements minimize stress on feet.
"Wolverine and Lucky Brand share a mutual dedication to the distinctive individuals who embrace ingenuity and authenticity," said Jarrod Weber, Group President Lifestyle, Chief Brand Officer, ABG, owner of Lucky Brand. "We are pleased to partner with Wolverine to bring Lucky's first venture into work footwear to life."
The Wolverine x Lucky men's boots are now available in select quantities on Wolverine.com and LuckyBrand.com, with pricing ranging from $125 - $135.
Wolverine, the 139-year-old boot and clothing company, is on a mission to honor the spirit and tenacity of the American worker and build the next generation of skilled trades people. Taking pride in crafting durable boots with unrivaled craftsmanship and the highest quality materials, Wolverine is dedicated to serving hardworking people all over the world. Through Project Bootstrap, Wolverine has contributed nearly $2 million over the last 5 years to organizations in support of the skilled trades. For more information, visit www.wolverine.com. Wolverine is a division of Wolverine World Wide, Inc. (NYSE: WWW)
WEAR LUCKY. FEEL LUCKY. Lucky Brand was founded in 1990 with a spirit of reinvention. Rooted in premium denim, Americana and self-expression, our brand is for the free-thinkers and the optimists who don't take life too seriously. Our denim and lifestyle wares portray personality through perfectly imperfect, often American heritage inspired details that bring levity to any look, or situation. Wear Lucky and make good fortune. Feel lucky, and you'll find it. Shop Lucky Brand in freestanding store locations across North America, select department stores and on luckybrand.com.
SOURCE Lucky Brand | https://www.prnewswire.com/news-releases/wolverine-and-lucky-brand-come-together-on-a-limited-edition-mens-work-boot-collaboration-301654631.html | 2022-10-20T17:05:26 | en | 0.933591 |
By DAVID KOENIG
AP Airlines Writer
DALLAS (AP) — The three biggest U.S. airlines enjoyed a boffo summer, reaping a combined profit of more than $2 billion as Americans jammed on to planes despite fares that were sharply higher than a year ago.
What pandemic?
American Airlines said Thursday that it earned $483 million on record-breaking revenue that more than offset higher fuel costs in the third quarter. American it predicted that profit will continue to exceed Wall Street expectations during the holiday-packed remainder of 2022.
The results from American, however, weren’t quite as grand as figures from its more prosperous rivals. United Airlines reported a $942 million profit on Tuesday, and Delta Air Lines posted third-quarter earnings of $695 million last week.
Clearly, many people are eager to travel after most were grounded during the early part of the pandemic. Executives at all three big U.S. airlines said they see no indication that consumer concerns about inflation and the economy are hurting ticket sales.
“American’s third-quarter results, including our record revenue performance, are significant considering the macroeconomic uncertainty facing so many people,” CEO Robert Isom said on a call with analysts and reporters. “Demand remains strong.”
American, which is based in Fort Worth, Texas, predicted that fourth-quarter profit will be between 50 cents and 70 cents per share, which would beat Wall Street’s forecast of 19 cents per share.
U.S. air travel has roared back from pandemic lows in early 2020. Last Sunday, the Transportation Security Administration screened nearly 2.5 million travelers on a single day, the busiest day at the nation’s airports since February 2020.
Travel is booming despite a 43% leap in airfares in the past year, according to government figures.
One reason fares are high is that the number of flights has not returned to pre-pandemic levels, leaving consumers vying for fewer seats. American, for example, did nearly 10% less flying in the third quarter than in the same period of 2019.
American said it plans to run at 95% to 100% of 2019 levels next year. That is in line with Delta, which expects to restore its full schedule by next summer. United recently announced it will expand European flying next summer.
Isom said American could add more flights next year but will take a cautious approach. American, Delta and others canceled flights earlier this year when they didn’t have enough staff, particularly pilots.
“We are going to make sure that we don’t outpace what we have, either in terms of aircraft deliveries if that’s the constraint, or if it’s pilots at a regional level or our ability to train pilots” at American, he said.
For the third quarter, American said its adjusted profit, which excludes certain items, was 69 cents per share, compared with a forecast of 54 cents per share by analysts surveyed by FactSet.
Revenue rose to $13.46 billion, slightly higher than the $13.36 billion predicted by analysts. American, which has a major hub operation in Miami and operates many flights to the Caribbean, said it lost about $40 million in revenue because of hurricanes Fiona and Ian in September.
Also Thursday, the parent of Alaska Airlines reported a $40 million third-quarter profit on record revenue of $2.8 billion. The Seattle-based airline said, however, that non-fuel costs in the fourth quarter will be higher than expected because of three new contracts with union labor groups including pilots.
Shares of American Airlines Group Inc. were down 3% and Alaska Air Group Inc. dropped 5% in late-morning trading, while shares of their closest rivals were up slightly.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/national/2022/10/20/american-airlines-posts-483-million-profit-for-late-summer-3/ | 2022-10-20T17:05:26 | en | 0.96558 |
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BJP replaces its Chamba candidate
- Country:
- India
The BJP on Thursday replaced its candidate, Indira Kapoor, from Chamba with Neelam Nayyar, wife of incumbent MLA Pawan Nayyar who was denied ticket.
The party had named Kapoor as its candidate on Wednesday, drawing protests from the sitting MLA who had called a meeting of his supporters in protest against the decision.
Party sources though claimed that Kapoor was convicted in a case which had complicated the issue.
Neelam Nayyar has also been active in politics, they noted.
The BJP has announced its candidates for all 68 assembly seats in Himachal Pradesh which will go to the polls on November 12.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Kapoor
- Neelam Nayyar
- Chamba
- MLA Pawan Nayyar
- Indira Kapoor
- Himachal
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PM Modi to address public meeting in HP's Chamba on Oct 13 | https://www.devdiscourse.com/article/politics/2221436-bjp-replaces-its-chamba-candidate | 2022-10-20T17:05:31 | en | 0.974895 |
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We will have to wait and watch political developments in UK: Goyal
- Country:
- India
India's talks with the UK on the proposed free trade agreement is well on track, but New Delhi will have to ''wait and watch'' the ongoing political developments in Britain, commerce and industry minister Piyush Goyal said on Thursday.
Embattled British Prime Minister Liz Truss has resigned as the Conservative Party leader saying she can no longer deliver the mandate she was elected on last month, ending her humiliating tenure at 10 Downing Street on her 45th day in the job following an open revolt against her chaotic leadership.
The 47-year-old outgoing prime minister will stay in charge until her successor is elected by the governing Tory party, with a speeded-up leadership election to be completed by next week.
''We will have to wait and see...what happens, whether they have a quick change of the leadership, whether it goes to the whole process...So let us see who comes into the government and what their views are. It's only after that we will be able to formulate a strategy vis a vis the UK,'' Goyal said here at CII's national exports summit.
However, he added that politicians and businesses across the board in the UK recognised that it is ''very'' important for them also to do an FTA (free trade agreement) with India.
''So my own sense is that whoever comes into the government will be wanting to engage with us,'' he added.
The minister said that the trade pact should be fair, equitable and balanced.
It has to be a win-win for both sides and there is no deal, unless both are satisfied, he said.
''So we will have to wait and watch. But I would believe that our FTAs with the UK, Canada, EU, one or two more we may announce soon, all that is well on track,'' Goyal said.
He was replying to a question about developments in the UK and its FTA talks with India.
Further, he said that USD 2 trillion exports target for goods and services by 2027 ''looks challenging'' and ''we can do it by 2030''.
If the situation becomes favourable to India and if the industry exert a lot of effort, ''I will be the happiest person if we can do it by 2027'' but sadly we have lost the time during Covid and are losing the momentum because of the conflict between Ukraine and Russia, which has caused so many economic stresses worldwide -- inflation, supply chain disruptions, energy issues.
He added that if goods exports were to grow 12 per cent CAGR in dollar terms and services at 18-19 per cent, both may touch USD 1 trillion by 2030.
Talking about mutual recognition agreements (MRAs) on standards, he said, the ministry is finding ''very less'' traction in many parts of the world to enter into MRAs.
''At least the developed world is very hesitant to accept too many MRAs for whatever reason... maybe they need more time to build confidence in our ability to provide that high quality goods and services,'' he said.
He added that the way forward is that India should also put quality control orders on products that they want to supply to India and then ''we will have an equal footing where we will say (that) you give us an MRA and we will give you an MRA''.
Reciprocity is the way forward, he said.
However, he said that the Indian industry raise concerns over quality control orders (QCOs) and do not support the government on that.
''I would urge all of you to reflect on this. Tell us which industries where you want QCO, so it will give us some leverage over the other countries and give us an opportunity to get on to the negotiating table.
''Some of you face non-tariff barriers due to QCOs (of other countries). The US has 4,500 QCO and we have only 450 and you resist our effort to introduce high quality standards,'' Goyal said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- India
- Conservative
- Ukraine
- Canada
- Covid
- Indian
- Liz Truss
- Britain
- Goyal
- Tory
- British
- the ministry
- Piyush Goyal
- Russia
- New Delhi
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Iran summons British envoy, alleging UK meddling in unrest | https://www.devdiscourse.com/article/politics/2221445-we-will-have-to-wait-and-watch-political-developments-in-uk-goyal | 2022-10-20T17:05:39 | en | 0.969918 |
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- ApeCoin price is preparing for a bullish trend reversal following extremely oversold conditions.
- Whales are holding ApeCoin price from breaking out of a falling parallel channel.
- ApeCoin may have bottomed out after reaffirming support slightly above $4.00.
ApeCoin price gradually recovers after brushing shoulders with outwardly strong support marginally above $4.00. APE is retesting this key buyer congestion zone for the second time in less than two months. However, investors – especially whales, do not seem convinced an ApeCoin price recovery will hold for a move to $4.35..
ApeCoin price downtrend grinds to a halt
ApeCoin price could flip its technical outlook green if it successfully breaks out of a falling parallel channel. Since APE’s rejection from its October peak around $6.00, the pattern has capped price movement both to the upside and downside.
The channel’s lower boundary reinforced the support mentioned above at $4.00, allowing ApeCoin price a hiatus from the overarching selling pressure. Two successive bullish candlesticks have been printed on the eight-hour chart, hinting at the bulls regaining control.
APE/USD eight-hour chart
The Stochastic RSI reveals that ApeCoin price has been trading in oversold conditions, but it has recently risen out of the oversold region providing a buy signal. This supports the bullish thesis that APE may rebound from $4.00 to $4.35.
The MVRV (market value realized value), an on-chain metric from Santiment, places APE in a buy zone. ApeCoin price is relatively undervalued, with the MVRV ratio sliding to -14.48%. This suggests APE price may rise as asset prices generally have a tendency to revert to fair value over time..
ApeCoin MVRV model
What could invalidate ApeCoin price recovery?
Before ApeCoin price rises any further bulls must prove their ability to rise above the dominant sell-off from its September highs. Breaking out of the falling channel would be a necessary prerequisite to improving confidence in the foreshadowed move to $4.35.
ApeCoin Supply Distribution
Although ApeCoin price may have bottomed out after tapping support at $4.00, whales are not ready to let go of a six-month-long selling spree. The Supply Distribution on-chain metric shows addresses with 10,000 to 100,000 tokens continuing to fall – in line with the longer-term trend as it has fallen to 1,364 from 2,359 six months ago.
There is a risk, therefore, that the ongoing ApeCoin price rebound from its primary support at $4.00 may prematurely run out of momentum. Thus, the desired move to $4.35 may be delayed or price could force another bearish leg below $4.00.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
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Guj: AAP announces its sixth list of 20 candidates; 73 names declared so far
The AAP has declared the name of Dalpat Bhatiya from SC-reserved Vadgam seat which is currently represented by Congress-backed independent candidate and Dalit leader Jignesh Mevani.The Arvind Kejriwal-led party will be fielding Ambabhai Patel from Rapar, Chirag Patel from Vijapur, Rupsinh Bhagoda from Bhiloda, Chunibhai Patel from Bayad, Alpesh Patel from Prantij, Vijay Patel from Ghatlodia, Chetan Gajera from Junagadh and Bhupat Bhayani from Visavadar.
- Country:
- India
The Aam Aadmi Party (AAP) on Thursday released its sixth list of 20 candidates for the Gujarat Assembly elections.
The party has declared candidates for 73 out of 182 Assembly seats in Gujarat so far.
Out of 20 seats where it declared candidates on Thursday, ten are currently held by the ruling Bharatiya Janata Party (BJP), nine by Congress and one by an independent backed by Congress. Three of the seats are reserved for Scheduled Tribes and one for Scheduled Castes.
Mehsana Assembly seat, for which AAP has fielded Bhagat Patel, is currently represented by BJP leader and former deputy chief minister Nitin Patel. The AAP has declared the name of Dalpat Bhatiya from SC-reserved Vadgam seat which is currently represented by Congress-backed independent candidate and Dalit leader Jignesh Mevani.
The Arvind Kejriwal-led party will be fielding Ambabhai Patel from Rapar, Chirag Patel from Vijapur, Rupsinh Bhagoda from Bhiloda, Chunibhai Patel from Bayad, Alpesh Patel from Prantij, Vijay Patel from Ghatlodia, Chetan Gajera from Junagadh and Bhupat Bhayani from Visavadar. The other names it announced on Thursday were Gajendra Singh from Anklav, Amrish Patel from Umreth, Manubhai Patel from Kapadvanj, Parvat Fauji from Santrampur, Dinesh Muniya from Dahod, Viral Panchal from Manjalpur, Mahendra Navadiya from Surat (N), Sunil Gamit from Dang, Manish Patel from Borsad and Raju Marcha from Valsad.
Neither the BJP nor Congress has so far released lists of candidates. Asaduddin Owaisi-led All India Majlis-E-Ittehadul Muslimeen (AIMIM) has so far released a list of five candidates -- from Danilimda (SC), Jamalpur Khadia, Surat-East, Bapunagar and Limbayat seats.
AAP has positioned itself as the main contender against the ruling BJP. Its national convener and Delhi Chief Minister Arvind Kejriwal has been aggressively campaigning in the state.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221451-guj-aap-announces-its-sixth-list-of-20-candidates-73-names-declared-so-far | 2022-10-20T17:05:47 | en | 0.939686 |
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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SNAPSHOT-Truss and UK market turmoil: What you need to know
* The United States and Britain are enduring allies and their strong bond will last, U.S. President Joe Biden said on Thursday after Truss announced her resignation. * Former British Prime Minister Boris Johnson is flying back to the UK this weekend, a journalist at the Daily Telegraph newspaper reported on Thursday.
- Country:
- United Kingdom
Liz Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by an economic programme that roiled financial markets, pushed up living costs for voters and enraged much of her own party. Following are latest events, comments and context:
POLITICS * A leadership election will be completed within the next week to replace Truss, the shortest serving prime minister in British history.
* French President Emmanuel Macron and Irish Prime Minister Micheal Martin voiced hope on Thursday that the next British leader would bring stability to the country after Truss resigned. * The United States and Britain are enduring allies and their strong bond will last, U.S. President Joe Biden said on Thursday after Truss announced her resignation.
* Former British Prime Minister Boris Johnson is flying back to the UK this weekend, a journalist at the Daily Telegraph newspaper reported on Thursday. The Times newspaper had reported that Johnson was expected to stand in the race to replace Truss. * Former finance minister Rishi Sunak is "certain to stand" in the contest to succeed Prime Minister Liz Truss, a reporter at the Telegraph newspaper said on Thursday citing sources.
* Residents in a traditional Conservative Party-voting area of Britain hailed Liz Truss' resignation as prime minister on Thursday, with one saying the state of the country was "an absolute disgrace" following her six weeks in office. * Daniel Pryor, who lobbies for governments to shrink the state and cut taxes, feels Liz Truss's brief, disastrous spell as prime minister has killed off his dream of a low-tax, deregulated British economy for at least a generation.
MARKETS * Britain's main stock indexes closed higher on Thursday after Liz Truss said she would resign as British prime minister, bringing a measure of relief to investors after her ill-fated tax plans unleashed turmoil in financial markets.
* British government bond prices rose on Thursday although their gains were tempered by the prospect of another week of political upheaval as the Conservative Party chooses Truss's successor. WHAT'S BEHIND THE CRISIS?
* The Bank of England was forced into emergency bond-buying to stem a sharp sell-off in Britain's 2.1 trillion pound ($2.3 trillion) government bond market that threatened to wreak havoc in the pension industry and increase recession risks. * The sell-off began after then-new finance minister Kwasi Kwarteng's tax-cut announcement on Sept. 23.
* His replacement Jeremy Hunt on Monday scrapped "nearly all" of Truss and Kwarteng's economic plan and scaled back her vast energy support scheme, announced in September, in a historic U-turn to try restore investor confidence. * The BoE interventions have highlighted a growing segment of Britain's pensions sector - liability-driven investment.
(Compiled by Frank Jack Daniel and John Stonestreet, Editing by William Maclean)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/politics/2221456-snapshot-truss-and-uk-market-turmoil-what-you-need-to-know | 2022-10-20T17:05:57 | en | 0.966403 |
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | https://wtmj.com/entertainment/2022/10/20/ap-top-entertainment-news-at-1119-a-m-edt-6/ | 2022-10-20T17:05:57 | en | 0.834297 |
A coalition of congressional Democrats on Thursday called on President Biden to reverse a Trump-era change to the regulation of 3D-printed ghost guns and return oversight to the State Department as munitions.
“[I]t is far too easy for anyone to download from the internet the computer code to 3D-print unserialized, untraceable, plastic ‘ghost guns,’” the group, which includes Democratic Sens. Sheldon Whitehouse (R.I.), Cory Booker (N.J.), Richard Blumenthal (Conn.) and Elizabeth Warren (Mass.), said in a letter to Biden, first obtained by Politico. “These 3D-printed weapons circumvent our system of gun safety rules and regulations, and pose a serious threat to public safety and national security.”
3D-printed ghost guns and their technical data were previously regulated by the State Department on its Munitions List. However, President Trump approved their removal from the weapons list in January 2020 and moved regulation to the Commerce Department.
The group of House and Senate Democrats criticized the Trump-era change in Thursday’s letter, noting that its narrow guidance only applied to software and technology posted online that is “ready for insertion” into a 3D printer.
Because the guidance is so narrow, the group warned that people could easily evade it by advertising files for 3D-printed guns online but sending the actual software via email. They also noted that it doesn’t cover files that can easily be converted into a format for 3D printing.
The group, which also included Rep. Ro Khanna (Calif.) and Del. Eleanor Holmes Norton (D.C.), urged the return of 3D-printed ghost guns to State Department regulation, where they would be subject to pre-approval before being placed in the “public domain.” If oversight remains in the Commerce Department, they asked that Biden “at a minimum” strengthen the current guidelines to close the existing loopholes.
The Biden administration has previously made efforts to crack down on the proliferation of ghost guns. A new rule from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), which went into effect in August, subjected ghost guns to the same rules as traditional firearms, including requiring background checks and serial numbers. | https://www.fox44news.com/hill-politics/democrats-call-for-reversal-of-trump-era-change-to-ghost-gun-regulation/ | 2022-10-20T17:05:59 | en | 0.955318 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/new-england-patriots/articles/41193654 | 2022-10-20T17:06:00 | en | 0.738227 |
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