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ATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Stock market today: Wall Street slips to a rare back-to-back lossIIIIIIIIIIIIIIITTTTTTTTTT’SSSSSSSSSSSSSS MONDAY!!!!!!!!!!!! And....it’s a game week Monday again. The Canes are taking on Iowa State in the Pop Tarts Bowl on Saturday, and one Cameron Ward is suiting up for Miami. Ergo, it’s must-watch television. So let’s buckle those seat belts, clickety-clack our way up the track, and go careening around the corners of the Miami Hurricanes -related tracks of thought spread out through my brain. 1) So, yeah. The Playoff games were U-G-L-Y. Saturday was boring and uncompetitive (well, Friday too if you count IU- Notre Dame ). And what does that mean for Miami? Well, I think two things. First, it kind of validated at least the argument that Miami should have been more strongly considered. Kirk Herbstreit wanted to cry and moan after the game about how the best teams, NOT the most deserving ones, should have been in. That kind of felt like stumping for the 9-loss posse of the SEC, but I think Miami deserves to be in that conversation as well. A theme amongst the teams getting trucked was an embarrassing lack of offense for much of the blame. That’s where Miami would have succeeded. There’s little doubt this offense will put up points on pretty much anyone. And that alone gives Miami a chance to be competitive against just about anyone. And Miami didn’t get blown out once, providing competitive games each week - oh, unless they were blowing teams out, like Florida, Florida State , and USF. Yes, those games happened regardless of the bizarre chest-beating bravado that Florida fans have been exhibiting since arriving at 8-5 and winning the last-month-of-the-season national championship. 41-17. See you fools next year. 2) The other thing it means is that Miami could end up in the final top 10 with 11 wins if they can win on Saturday. Finishing in the top 10 at 11-2 would be a terrific thing for this program. That would be a nice rung to hang your hat on for a solid season. And thanks to all four road teams getting absolutely handled on Friday/Saturday in the playoff, it’s a legit possibility. Indiana tacked on two late scores to do some window dressing on a beatdown. SMU was embarrassed, as was Tennessee. Clemson sort of hung but was not really in the game after the first half. All in all, for those wanting to see Miami make the top 10, it worked out pretty darned well. 3) I admit, I have been busy over the weekend, but I did note that there’s been some portalmania over the last week. Of course, Isaiah Horton ended up following through and finding a new home in the portal, heading to Alabama. That’s a huge loss, no way around that. Hate it. Missing out on QB John Mateer, who signed with Oklahoma, is also a big kick in the pants. I have a feeling that kid is going to be really good next season for OU. But, the portal giveth, as well as taketh away. CJ Daniels seems to be a pretty good pickup and possible replacement from LSU . Mario added two secondary players in Jax State S Zechariah Poyser and Michigan State CB Charles Brantley, as well as Louisiana Tech DL David Blay. I don’t know what to make of them right now, but all are need areas, so that’s good to see. At this point, every time I see a secondary player visiting or targeted, I’m happy. Going to be that way for a while after this rough end of the season. We’ll see if the Canes can deliver a memorable finish to the season on Saturday afternoon in Orlando. Go Canes!
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Ara: Thirty-three-year-old Veer Kunwar Singh University (VKSU) held its sixth convocation in Ara on Wednesday. Governor-cum-chancellor of universities, Rajendra Vishwanath Arlekar , who was the chief guest, conferred gold medals on 111 toppers from 2016 to 2024 batches and doctoral degrees on 246 students. Asserting the importance of timely exams and results , the governor said he was looking forward to the day when the students of Bihar will stop going to other states, and pursue their studies in the state itself. “When I joined the office here, I was astonished to find out in some universities, students were mostly absent, whereas in others, regular presence of teachers was lacking. There were also complaints of not holding timely examinations or publication of results. These issues were addressed by holding regular meetings with the vice-chancellors. When we can't hold timely exams and publish the results on time, what can we expect from the students? Many students shift to other states for quality education,” he said. He stressed universities should prepare students as job givers rather than seekers by inculcating entrepreneurial skills in them. “The need of the hour is to change our outlook. The central as well as state govt is promoting start-ups and entrepreneurship skills in the youth to make them self-reliant,” the governor said, adding the prime minister has a vision to make India a developed nation by 2047. “The universities can become the centre of a Vikshit Bharat if quality education is imparted.” The governor also appreciated VKSU VC Shailendra Kumar Chaturvedi for holding regular convocation. We also published the following articles recently VKSU convocation: Bihar governor highlights importance of timely exams and results Bihar Governor Rajendra Arlekar presided over Veer Kunwar Singh University's sixth convocation, awarding medals and degrees. He emphasized timely exams and results, aiming to retain Bihar's students within the state for higher education. Arlekar urged universities to foster entrepreneurship, aligning with the Prime Minister's vision for a developed India by 2047. Students awarded in Bihar Engineering Universitys first convocation Bihar Chief Minister Nitish Kumar presided over the inaugural convocation of Bihar Engineering University (BEU), conferring degrees, medals, and laptops upon top-performing engineering students. He also launched a university publication and viewed a film showcasing the science and technology department's accomplishments. 1558 students get degrees at 21st convocation of MANIT MANIT Bhopal celebrated its 21st convocation, honoring 1,558 graduates across various disciplines. Chief guest Prof Abhay Karandikar, Secretary of the Department of Science and Technology, witnessed the conferral of degrees and prestigious awards. Distinguished alumni Amitabh Jain and Virendra Prakash Rathi received recognition for their outstanding achievements. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” The first nuclear age was the Cold War, while the second was “governed by disarmament efforts and counter proliferation”, the armed forces chief said. He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”
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AP News Summary at 5:17 p.m. ESTWASHINGTON — Jimmy Carter, the earnest Georgia peanut farmer who as U.S. president struggled with a bad economy and the Iran hostage crisis but brokered peace between Israel and Egypt and later received the Nobel Peace Prize for his humanitarian work, has died, the Atlanta Journal-Constitution reported on Sunday. He was 100. A Democrat, he served as president from January 1977 to January 1981 after defeating incumbent Republican President Gerald Ford in the 1976 U.S. election. Carter was swept from office four years later in an electoral landslide as voters embraced Republican challenger Ronald Reagan, the former actor and California governor. ADVERTISEMENT Carter lived longer after his term in office than any other U.S. president. Along the way, he earned a reputation as a better former president than he was a president -- a status he readily acknowledged. His one-term presidency was marked by the highs of the 1978 Camp David Accords between Israel and Egypt, bringing some stability to the Middle East. But it was dogged by an economy in recession, persistent unpopularity and the embarrassment of the Iran hostage crisis that consumed his final 444 days in office. In recent years, Carter had experienced several health issues including melanoma that spread to his liver and brain. Carter decided to receive hospice care in February 2023 instead of undergoing additional medical intervention. His wife, Rosalynn Carter, died on Nov. 19, 2023, at age 96. He looked frail when he attended her memorial service and funeral in a wheelchair. Carter left office profoundly unpopular but worked energetically for decades on humanitarian causes. He was awarded the Nobel Peace Prize in 2002 in recognition of his "untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development." Carter had been a centrist as governor of Georgia with populist tendencies when he moved into the White House as the 39th U.S. president. He was a Washington outsider at a time when America was still reeling from the Watergate scandal that led Republican Richard Nixon to resign as president in 1974 and elevated Ford from vice president. "I'm Jimmy Carter and I'm running for president. I will never lie to you," Carter promised with an ear-to-ear smile. Asked to assess his presidency, Carter said in a 1991 documentary: "The biggest failure we had was a political failure. I never was able to convince the American people that I was a forceful and strong leader." ADVERTISEMENT Despite his difficulties in office, Carter had few rivals for accomplishments as a former president. He gained global acclaim as a tireless human rights advocate, a voice for the disenfranchised and a leader in the fight against hunger and poverty, winning the respect that eluded him in the White House. Carter won the Nobel Peace Prize in 2002 for his efforts to promote human rights and resolve conflicts around the world, from Ethiopia and Eritrea to Bosnia and Haiti. His Carter Center in Atlanta sent international election-monitoring delegations to polls around the world. A Southern Baptist Sunday school teacher since his teens, Carter brought a strong sense of morality to the presidency, speaking openly about his religious faith. He also sought to take some pomp out of an increasingly imperial presidency - walking, rather than riding in a limousine, in his 1977 inauguration parade. The Middle East was the focus of Carter's foreign policy. The 1979 Egypt-Israel peace treaty, based on the 1978 Camp David Accords, ended a state of war between the two neighbors. Carter brought Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin to the Camp David presidential retreat in Maryland for talks. Later, as the accords seemed to be unraveling, Carter saved the day by flying to Cairo and Jerusalem for personal shuttle diplomacy. The treaty provided for Israeli withdrawal from Egypt's Sinai Peninsula and the establishment of diplomatic relations. Begin and Sadat each won a Nobel Peace Prize in 1978. By the 1980 election, the overriding issues were double-digit inflation, interest rates that exceeded 20% and soaring gas prices, as well as the Iran hostage crisis that brought humiliation to America. These issues marred Carter's presidency and undermined his chances of winning a second term. ADVERTISEMENT HOSTAGE CRISIS On Nov. 4, 1979, revolutionaries devoted to Iran's Ayatollah Ruhollah Khomeini had stormed the U.S. Embassy in Tehran, seized the Americans present and demanded the return of the ousted shah Mohammad Reza Pahlavi, who was backed by the United States and was being treated in a U.S. hospital. The American public initially rallied behind Carter. But his support faded in April 1980 when a commando raid failed to rescue the hostages, with eight U.S. soldiers killed in an aircraft accident in the Iranian desert. Carter's final ignominy was that Iran held the 52 hostages until minutes after Reagan took his oath of office on Jan. 20, 1981, to replace Carter, then released the planes carrying them to freedom. In another crisis, Carter protested the former Soviet Union's 1979 invasion of Afghanistan by boycotting the 1980 Olympics in Moscow. He also asked the U.S. Senate to defer consideration of a major nuclear arms accord with Moscow. Unswayed, the Soviets remained in Afghanistan for a decade. Carter won narrow Senate approval in 1978 of a treaty to transfer the Panama Canal to the control of Panama despite critics who argued the waterway was vital to American security. He also completed negotiations on full U.S. ties with China. Carter created two new U.S. Cabinet departments -- education and energy. Amid high gas prices, he said America's "energy crisis" was "the moral equivalent of war" and urged the country to embrace conservation. "Ours is the most wasteful nation on earth," he told Americans in 1977. ADVERTISEMENT In 1979, Carter delivered what became known as his "malaise" speech to the nation, although he never used that word. "After listening to the American people I have been reminded again that all the legislation in the world can't fix what's wrong with America," he said in his televised address. "The threat is nearly invisible in ordinary ways. It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America." As president, the strait-laced Carter was embarrassed by the behavior of his hard-drinking younger brother, Billy Carter, who had boasted: "I got a red neck, white socks, and Blue Ribbon beer." 'THERE YOU GO AGAIN' Jimmy Carter withstood a challenge from Massachusetts Sen. Edward Kennedy for the 1980 Democratic presidential nomination but was politically diminished heading into his general election battle against a vigorous Republican adversary. Reagan, the conservative who projected an image of strength, kept Carter off balance during their debates before the November 1980 election. Reagan dismissively told Carter, "There you go again," when the Republican challenger felt the president had misrepresented Reagan's views during one debate. ADVERTISEMENT Carter lost the 1980 election to Reagan, who won 44 of the 50 states and amassed an Electoral College landslide. James Earl Carter Jr. was born on Oct. 1, 1924, in Plains, Georgia, one of four children of a farmer and shopkeeper. He graduated from the U.S. Naval Academy in 1946, served in the nuclear submarine program and left to manage the family peanut farming business. He married his wife, Rosalynn, in 1946, a union he called "the most important thing in my life." They had three sons and a daughter. Carter became a millionaire, a Georgia state legislator and Georgia's governor from 1971 to 1975. He mounted an underdog bid for the 1976 Democratic presidential nomination, and out-hustled his rivals for the right to face Ford in the general election. With Walter Mondale as his vice presidential running mate, Carter was given a boost by a major Ford gaffe during one of their debates. Ford said that "there is no Soviet domination of Eastern Europe and there never will be under a Ford administration," despite decades of just such domination. Carter edged Ford in the election, even though Ford actually won more states -- 27 to Carter's 23. Not all of Carter's post-presidential work was appreciated. Former President George W. Bush and his father, former President George H.W. Bush, both Republicans, were said to have been displeased by Carter's freelance diplomacy in Iraq and elsewhere. ADVERTISEMENT In 2004, Carter called the Iraq war launched in 2003 by the younger Bush one of the most "gross and damaging mistakes our nation ever made." He called George W. Bush's administration "the worst in history" and said Vice President Dick Cheney was "a disaster for our country." In 2019, Carter questioned Republican Donald Trump's legitimacy as president, saying "he was put into office because the Russians interfered on his behalf." Trump responded by calling Carter "a terrible president." Carter also made trips to communist North Korea. A 1994 visit defused a nuclear crisis, as President Kim Il Sung agreed to freeze his nuclear program in exchange for resumed dialog with the United States. That led to a deal in which North Korea, in return for aid, promised not to restart its nuclear reactor or reprocess the plant's spent fuel. But Carter irked Democratic President Bill Clinton's administration by announcing the deal with North Korea's leader without first checking with Washington. In 2010, Carter won the release of an American sentenced to eight years hard labor for illegally entering North Korea. Carter wrote more than two dozen books, ranging from a presidential memoir to a children's book and poetry, as well as works about religious faith and diplomacy. His book "Faith: A Journey for All," was published in 2018. ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .There is optimism among Southern California defense contractors that the incoming presidential administration’s plans and policies will inject adrenaline into the local economy and generate hundreds of new jobs, especially with talk of strengthening the U.S. military. President-elect Donald Trump has publicly vowed to strengthen the country’s military by making it more efficient and through that find better ways to develop more defense products utilizing technology innovation. He has also said he will build up a larger naval fleet to compete with China. Just after winning the presidential election, Trump named Elon Musk and Vivek Ramaswamy, founder of a pharmaceutical company, as co-leaders of a government efficiency initiative focused on cutting bureaucracy and waste in government. Many smaller tech firms, some of which have relationships with Musk’s Space X and Tesla, are hopeful the initiative could give them an edge over bigger defense companies with huge budgets. “The new administration is very passionate about countering China and they recognize the ability for the U.S. to outcompete China that manufacturing is probably the most important thing to counter that threat,” said Chris Power, CEO and founder of Hadrian Automation, a company based in Torrance that runs automated factories building defense products. “We haven’t been talking about reindustrializing the country in the last 10 years. Now, the vice president, a lot of the policymakers are hellbent on figuring out how to reindustrialize the U.S., both by investing in the country and also by creating an even playing field with China.” Power, an Australian who lives in Hermosa Beach and started his company just three years ago, was among hundreds who attended the 11th annual Regean National Defense Forum held over the weekend at the Ronald Reagan Presidential Library in Simi Valley. The event is an opportunity for representatives of defense and technology companies to rub shoulders and exchange ideas with lawmakers, senior Department of Defense leadership, and foreign defense leaders in an environment away from the hubbub of the nation’s capital. Southern California is packed with hundreds of defense-oriented companies and continues to be a leader in military defense innovation. Commercial technology is also significant in the country’s national security approach. Because of that, the forum is also an opportunity for non-traditional companies to get a share of the spotlight and for startups like Hadrian Automation to get a chance to talk with people otherwise not in their sphere. This year’s forum, themed “Peace Through Strength in a Time of Transition,” included a day of back-to-back panel discussions. Key themes included what the new presidential administration would mean for defense, overcoming production and manufacturing constraints to build the future force, space capabilities and the space economy, modernizing defense capabilities, the next national defense strategy, and public opinion on national security after the election. During a discussion on force structure, resources and the next national defense strategy, panelists emphasized funding military needs going forward. Rep. Ken Calvert, R-Corona, who serves on the House Appropriations Defense Subcommittee, pressed the importance of passing the appropriation bills that fund military spending. “We need to get these bills done and give certainty to the military that they have the resources available in the Trump administration,” he said. “I know it’s difficult in an era where we have significant national debt, but nonetheless, our national security is at risk, and we need to move forward.” The uncertainty of the government’s appropriations process makes it difficult for the defense industry, “from a development perspective and a production perspective,” said Lawrence Culp Jr., chairman and CEO of GE Aerospace. “Without that clarity, it’s very hard to keep someone at task with all these stops and starts and the policy uncertainty of late – it’s very hard.” The smaller companies further down the supply chain bear a lot of the weight of uncertainty, he added. “When you talk about the small and medium-sized businesses that are part of that supply chain, the small companies we rely on for input, one, two, three tiers away, they’re at the end of the whip and they can’t really handle that, either operationally or financially.” Former Secretary of Defense Leon Panetta said at the forum that is where Trump needs to use his ability to generate enthusiasm among the public and make Americans aware of the nation’s dangers if it doesn’t have a strong military. “The American people really don’t understand how much of a threat we’re facing,” he said. “We have got to educate the American people on that. We haven’t had a president in the last years who has gone to the American people and gotten their support. It’s the only way you get leadership in Congress to pay attention and get the action you need.” The forum produces a survey each year on public perception of military defense, the last conducted just after the November election by a bipartisan research group. Of the 2,500 surveyed, 79% of respondents said they want the U.S. to spend more on national defense. At the same time, 61% said the military should be large enough to win two wars simultaneously; 49% said China poses the most significant threat, while 25% said Russia poses more of a threat. And, that’s where lawmakers such as Calvert think Southern California companies can have opportunities to become more successful. “Southern California is the intellectual capital of the world when it comes to national security innovation and manufacturing,” he said. “President Trump is committed to a strong military that is focused on the threats we face today and tomorrow. There’s no doubt in my mind that Southern California will continue to make a significant contribution to those important goals in the years ahead. There’s widespread agreement that we need to invest in our national security to remain the preeminent superpower in the world.” With a new administration coming in talking about cutting waste in government agencies while strengthening the country with a more targeted and effective military, local companies working with defense contractors and manufacturers are looking to the future with a hopeful eye. Brandon Tseng, a former Navy SEAL who co-founded Shield AI and attended the defense forum this year for the second time, said more government interest in smaller companies that produce military technology will help Shield AI create more jobs. The San Diego-based company, which employs 900 people, aims to protect service members and civilians with AI systems. It develops artificial intelligence-powered pilot systems, drones and technology for military operations. “I’m bullish on the defense tech ecosystem,” he said, adding that he’s excited about Trump’s inclusion in his administration of Musk, Ramaswamy and Stephen Feinberg, a private equity investor with interests in the defense industry, who Tseng calls problem-solvers. Related links “What I’m optimistic about is that you have these operators who have run companies, been in the trenches, solved problems, and know what it means to walk the walk, not just talk the talk,” Tseng said. “The administration is bullish on doing things more efficiently, more effectively; that’s what technology is about. I think you’re going to see it will be very helpful for a lot of defense tech companies.” And, it’s exactly the idea of manufacturing parts quickly and efficiently that Power, of Hadrian Automation in Torrance, believes will help reinspire U.S. manufacturing, which he believes is the basis of a strong national defense. With his company, he hopes to inspire many young, smart people to want to get back into manufacturing – but in a more modern way that uses software to improve the manufacturing process and make it more efficient and effective. “U.S. power is based on the dollar,” he said. “The dollar is based on military might, which is really based on industrial power. We shot ourselves in the foot as a country by outsourcing our industrial power to China. That took away all the manufacturing skillsets, manufacturing technology, and a lot of jobs. For the last 25 years, we’ve treated China like a partner, but they have been subsidizing aggressively their manufacturing base specifically to gut our industrial power as a country.” At the same time the general public’s interest in manufacturing has dipped, he argued, with more people in the 1980s and ’90s choosing a four-year degree as the way to a successful future and a middle class that commands relatively high wages. “If you want manufacturing in America, the only way to do it is to build software factories that give the American workforce a productivity advantage so we can scale and use a new workforce instead of a legacy,” he said. “And if we want to be cost-competitive globally and efficient, we either have to pay everyone a very small amount or give the American workforce the 10x advantage with American software engineering and robotics.” Power sees Trump’s focus on empowering industrialization as having a huge impact on jobs. He plans to open two new facilities in the next year. “The faster we scale, the more jobs we provide,” he said. “And they’re better and more exciting jobs.” Related Articles
Social critic and activist, Verydarkman, has announced the recovery of N78 million out of the N180 million allegedly stolen from his NGO’s account. This update follows his recent alarm on Instagram, where he revealed on Friday that his organization’s account had been hacked, resulting in the loss of N180 million. The announcement sparked widespread debate, with some questioning the validity of his claims. Addressing his followers in an Instagram update on Sunday, Verydarkman expressed gratitude for the progress made and provided insight into the ongoing investigation. Read also: Liverpool thrash West Ham after Man City win in Guardiola’s 500th game “Thanks to the people who called to check up on me. I also want to thank God for the process so far: we have been able to recover N78m, even though the suspect pointed out that the person he did with has run to Ghana, so hopefully, we would be going to Ghana very soon,” he said. The revelation about the suspect allegedly fleeing to Ghana suggests that the recovery process is far from over. Verydarkman’s followers and supporters continue to await further developments as efforts to retrieve the remaining funds proceed. Opinions Balanced, fearless journalism driven by data comes at huge financial costs. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. Donate NowTrump picks Kelly Loeffler to lead Small Business Administration
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Garcia's 16 help McNeese beat Illinois State 76-68NEW YORK (AP) — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high . They’re the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show similar increases as the month before. Wednesday’s update and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January. Elsewhere on Wall Street, Alaska Air Group soared 13.2% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 4.5% after saying it’s resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. Indexes fell across much of Europe ahead of a meeting this week by the European Central Bank, where the widespread expectation is for another cut in interest rates. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Katz’s confirmation on Monday about Israel's involvement in the killing of Haniyeh marks the first public admission of responsibility for the assassination drive on Iranian soil. "We will strike hard at the Huthis... and decapitate their leadership -- just as we did with Haniyeh, (Yahya) Sinwar, and (Hassan) Nasrallah in Tehran, Gaza, and Lebanon, we will do so in Hodeida and Sanaa," Katz was quoted as saying during an event at the war ministry. "Anyone who raises a hand against Israel will have his hand cut off, and the long arm of the Israeli military will strike him and hold him accountable," Katz warned Yemen’s Ansarullah by stating that Sana’a and Hudaydah will have a similar fate to Gaza and Lebanon. Until now Israel had never admitted to killing Haniyeh, but Iran and Hamas had blamed it for the Hamas political leader's assassination. However, a US media report had broken a story before that Israel while declined to publicly comment on Haniyeh's killing had informed the US administration that it was behind the assassination of the Hamas leader in the Iranian capital n. Haniyeh, who was seen as leading Hamas's negotiation efforts for a ceasefire in Gaza, was killed along his bodyguard in a guesthouse in Tehran on July 31, reportedly by an explosive device that had been placed by Israeli agents there. A day before his martyrdom, Haniyeh had attended the inauguration of Iranian President Masoud Pezeshkian. On September 27, Israel also assassinated Lebanon’s Hezbollah chief Nasrallah in a Beirut bombing, which was followed by the assassination of Haniyeh's successor Yahya Sinwar on October 16 in Gaza. 4399
WEST PALM BEACH, Fla. (AP) — First it was Canada , then the Panama Canal . Now, Donald Trump again wants Greenland . The president-elect is renewing unsuccessful calls he made during his first term for the U.S. to buy Greenland from Denmark, adding to the list of allied countries with which he's picking fights even before taking office on Jan. 20. In a Sunday announcement naming his ambassador to Denmark, Trump wrote that, “For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity." Trump again having designs on Greenland comes after the president-elect suggested over the weekend that the U.S. could retake control of the Panama Canal if something isn't done to ease rising shipping costs required for using the waterway linking the Atlantic and Pacific oceans. He's also been suggesting that Canada become the 51st U.S. state and referred to Canadian Prime Minister Justin Trudeau as “governor” of the “Great State of Canada.” Stephen Farnsworth, a political science professor at the University of Mary Washington in Fredericksburg, Virginia, said Trump tweaking friendly countries harkens back to an aggressive style he used during his days in business. “You ask something unreasonable and it’s more likely you can get something less unreasonable,” said Farnsworth, who is also author of the book “Presidential Communication and Character.” Greenland, the world’s largest island, sits between the Atlantic and Arctic oceans. It is 80% covered by an ice sheet and is home to a large U.S. military base. It gained home rule from Denmark in 1979 and its head of government, Múte Bourup Egede, suggested that Trump’s latest calls for U.S. control would be as meaningless as those made in his first term. “Greenland is ours. We are not for sale and will never be for sale,” he said in a statement. “We must not lose our years-long fight for freedom.” The Danish Prime Minister’s Office said in its own statement that the government is “looking forward to welcoming the new American ambassador. And the Government is looking forward to working with the new administration.” “In a complex security political situation as the one we currently experience, transatlantic cooperation is crucial,” the statement said. It noted that it had no comment on Greenland except for it “not being for sale, but open for cooperation.” Trump canceled a 2019 visit to Denmark after his offer to buy Greenland was rejected by Copenhagen, and ultimately came to nothing . He also suggested Sunday that the U.S. is getting “ripped off” at the Panama Canal. Story continues below video “If the principles, both moral and legal, of this magnanimous gesture of giving are not followed, then we will demand that the Panama Canal be returned to the United States of America, in full, quickly and without question,” he said. Panama President José Raúl Mulino responded in a video that “every square meter of the canal belongs to Panama and will continue to,” but Trump fired back on his social media site, “We’ll see about that!” The president-elect also posted a picture of a U.S. flag planted in the canal zone under the phrase, “Welcome to the United States Canal!” The United States built the canal in the early 1900s but relinquished control to Panama on Dec. 31, 1999, under a treaty signed in 1977 by President Jimmy Carter . The canal depends on reservoirs that were hit by 2023 droughts that forced it to substantially reduce the number of daily slots for crossing ships. With fewer ships, administrators also increased the fees that shippers are charged to reserve slots to use the canal. The Greenland and Panama flareups followed Trump recently posting that “Canadians want Canada to become the 51st State" and offering an image of himself superimposed on a mountaintop surveying surrounding territory next to a Canadian flag. Trudeau suggested that Trump was joking about annexing his country, but the pair met recently at Trump's Mar-a-Lago club in Florida to discuss Trump's threats to impose a 25% tariff on all Canadian goods. “Canada is not going to become part of the United States, but Trump’s comments are more about leveraging what he says to get concessions from Canada by putting Canada off balance, particularly given the precarious current political environment in Canada,” Farnsworth said. “Maybe claim a win on trade concessions, a tighter border or other things.” He said the situation is similar with Greenland. “What Trump wants is a win," Farnsworth said. "And even if the American flag doesn’t raise over Greenland, Europeans may be more willing to say yes to something else because of the pressure.” Associated Press writers Gary Fields in Washington and Geir Moulson in Berlin contributed to this report.The Trump and Biden teams insist they're working hand in glove on foreign crises
