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Snow continued to fall Monday around parts of the Great Lakes region, where storm-weary residents who have plowed and shoveled for days faced the prospect of even greater accumulations. Lake-effect snow fell on parts of western New York, Pennsylvania and Ohio that were already blanketed with a foot (0.3 meters) or more over the past four days. By Monday morning, the village of Cassadaga, New York, east of Lake Erie, recorded 4.5 feet (1.4 meters) of snow. Snow was forecast through Tuesday in that largely rural area south of Buffalo. “It was so much, so quick, that we got buried," said Rebecca Chamberlin, who lives in Cassadaga with her husband and two sons. She has been struggling to keep up with the bands of sometimes wet and heavy snow. “If it had been, you know, over a period of a week or more, it wouldn’t have been so bad.” In Ohio, the quaint village of Geneva-on-the-Lake had more than 4 feet (1.2 meters) of snow, and more is in the forecast through the rest of the week, according to the National Weather Service. “At this point, it's just annoying,” said Ryan Colby, who lives a snowball's toss from Lake Erie in the Ohio village. “We’ve just been getting hit left and right with it. I’ve been getting up every couple hours and shoveling out the driveway and the porch just so we don’t get too, too buried again.” Lake-effect snow warnings were in effect through Tuesday night in parts of Ohio, New York and Pennsylvania. Winter storm warnings or advisories also were posted through Tuesday in Michigan, up and down the Lake Michigan coast, where as much as a foot (0.3 meters) of snow was predicted. Farther inland, some communities canceled school, including Gaylord, where more than 3 feet (0.9 meters) of snow has fallen since Thanksgiving. “Last year at this time we still had green grass,” said Mike Williams, who has a snow removal business in Gaylord. “To get it all at once overwhelmed everyone.” In southwest Michigan, a crash involving about 14 passenger vehicles and three semi-trucks critically injured a driver and shut down Interstate 94 near Hartford in both directions during whiteout conditions on Monday, the Michigan State Police posted on the social platform X. More than a dozen “vehicle slide offs” had also been reported in the area, with police warning drivers to slow down. Digging out Skies were clear east of Lake Ontario in northern New York, where some residents were still digging out from mountains of snow. “We’ve got snow banks that are higher than me,” said Mary Shambo, owner of the Cottage Inn in Copenhagen, New York. The small village received more than 5 feet (1.5 meters) of snow in four days. Shambo and her husband, Ben, managed to stay open through the thick of the storm. Some locals arrived by snowmobile, but they mostly served truckers who pulled off the road when bands of snow became particularly fierce. “It goes from whiteout conditions to clear,” she said, “so they would take off when it was clear and hope to God they got to where they needed to go.” In Ohio, the mayor of Geneva-on-the-Lake has been using a backhoe almost nonstop since Thursday to clear the snow. “Every business down here has been shut down the last four days," Mayor Dwayne Bennett said. “You can’t even get in the front doors." “The problem is we’re not equipped to handle this much snow in this amount of time,” he added. Officials faced similar problems in snow-bound Erie, Pennsylvania, where 3 to 4 feet (0.9 to 1.2 meters) of snow fell since Thursday, and accumulations on the ground were particularly wet and heavy. “Every shovel is like 30 pounds, and there’s not a lot of space to put that snow once it’s been piling up for days and days,” said Sarah Morrison with the Erie Metropolitan Transit Authority. Snow in Alaska Up to 17 inches (43 centimeters) of snow fell in Alaska’s capital city of Juneau over the weekend as part of a system that was “definitely stronger” than what the region typically experiences this time of year, National Weather Service meteorologist Greg Spann said. Snow had transitioned to freezing rain early Monday, he said, with roads icy in some areas. Wet, heavy snow was piled on sidewalks along typically busy streets near downtown Juneau, and slushy pools were forming at some intersections. School went to remote learning in the city on Monday, and state offices were closed due to freezing rain. Ice encased the thin branches on some trees. The rest of Juneau's week is expected to be very different, with forecasts calling for rain and unusually warm temperatures in the 40s (between 4.4 and 10 degrees Celsius). ___ This story has been updated to correct the snow total in Cassadaga, New York, to 4.5 feet, not 5.5 feet. ___ Contributing to this report were Susan Haigh in Norwich, Connecticut; John Seewer in Toledo, Ohio; Ed White in Detroit; Mark Scolforo in Harrisburg, Pennsylvania; and Becky Bohrer in Juneau, Alaska. Michael Hill, The Associated PressWARSAW, Dec. 28 (Xinhua) -- Weekday mornings hum with urgency at the shopping complex GD Poland on the outskirts of Warsaw. Electric scooters laden with crates of Chinese goods dart between warehouses and loading docks, as merchants race to load shipments - hauled thousands of kilometers by China-Europe freight trains - into vans bound for stores across Central and Eastern Europe. What appears to be a chaotic delivery hub is, in reality, the final stop in an intricate supply chain connecting Chinese factories to European storefronts. A network that turns global trade routes into local livelihoods, fueling cross-continental cooperation. MERCHANTS ON SCOOTERS Among the swift-moving scooters at GD Poland is Lin Jiangliang, a Chinese merchant who, alongside his wife Hong Meili, has spent the past decade running a lingerie business there. Drawn to Poland in 2014, three years after the launch of China-Europe freight trains, the couple saw opportunity in a country fast becoming Europe's logistical gateway, as most trains entering the European Union (EU) pass through Malaszewicze, a critical border town in Poland. "We realized soon that reselling factory-made products wouldn't set us apart," Hong said. Instead, they created their own brand, designing styles based on emerging fashion trends and customer preferences. China-Europe freight trains quickly became the backbone of their operation. Digital sketches sent to factories in China are transformed into samples and shipped within two weeks, allowing their shelves to stay stocked with the latest designs. To meet growing demand, Lin hired a local porter and a salesperson, relying on scooters to shuttle goods. Orders averaging dozens of kilograms per shipment are packed and delivered with speed, demonstrating the resourcefulness and hard work that small-scale merchants need to survive and thrive. Their story mirrors a broader picture of commerce at GD Poland, where about 900 businesses specialize in textiles, appliances, and household goods - 90 percent of which are sourced from China, according to Wang Qi, the center's deputy general manager. Similar trading hubs have flourished across Europe over the past few decades, from Aubervilliers in France to Fuenlabrada in Spain. In 2023 alone, China exported 169 billion U.S. dollars worth of light industrial products to the European Union and Britain, supplying affordable goods to consumers while supporting jobs on both sides of the supply chain. "What keeps me optimistic about the future is how connected we are - suppliers, distributors, and us. It's not just business; it's a shared rhythm that keeps products and ideas moving," Lin said. TRADE ON TRAINS Thirteen years ago, the idea of freight trains crossing the vast Eurasian continent seemed "crazy" to many, recalled Markus Bangen, chief executive officer (CEO) of Duisburger Hafen AG (Duisport). Today, it is a reality reshaping cross-continental trade and logistics. Since 2011, when the first China-Europe freight train left the southwestern Chinese city Chongqing, for Duisburg in Germany, the network has grown to connect 227 European and 100 Asian cities. Over the past 13 years, more than 11 million twenty-foot equivalent units (TEUs) of goods worth more than 420 billion dollars have passed through these tracks. In Duisburg, a former industrial stronghold, freight rail has spurred reinvention. The port now handles 4 million containers annually, with over 100 Chinese logistics and e-commerce firms establishing operations around it. Similar transformations have turned Poland's Malaszewicze and Spain's Valladolid into thriving logistic hubs. The network continues to grow. In November, a shipment of electric vehicles made its way from China's Chengdu to Georgia's Tbilisi via rail, sea, and road, traversing Kazakhstan and the Caspian Sea. This new route launched in July runs through the Middle Corridor - a vital trade link across Central Asia and the South Caucasus - providing a reliable alternative to traditional shipping lanes amid geopolitical uncertainties. For Fan Yuliang, a warehouse manager of AUKLogis GmbH, a German subsidiary of Chinese logistics firm Western Post, the China-Europe freight trains have redefined what's possible. "I thought I'd handled all kinds of cargo, but seeing an entire vehicle loaded into a shipping container still amazed me," he recalled. By 2023, China-Europe freight trains had transported more than 50,000 types of goods, ranging from Chinese exports like textiles and industrial machinery to European exports such as motorcycles, medical equipment, and agricultural produce. Bangen described the service as a transformative transportation model that replaces traditional shipping routes and unlocks trade opportunities once out of reach. INNOVATION ON EV WHEELS As freight trains bridge continents, Chinese and European firms are joining forces to shape the future of mobility -- this time, on wheels of electric vehicles (EVs). In Berlin, Chinese EV manufacturer NIO has established a research center focused on smart driving technologies and energy solutions. Its engineers are working on adaptive driving systems, battery-swapping infrastructure, and integrated power grids to meet European standards. "Our goal is to adapt rapidly to European markets while driving the next wave of innovation," Wei Hezeng, head of NIO Europe's Smart Driving Technology Center, told Xinhua. His vision is echoed by Patrick Stumfol, senior system engineer at NIO Europe. "The combination of German engineering precision and Chinese tech innovation creates a very dynamic environment here," Stumfol said. Though the EU seeks to shield its market with protectionist tariffs, European carmakers are opting for collaboration over confrontation. The collaborative momentum extends beyond Berlin. In Spain, Chery has teamed up with Ebro to develop EVs, while BYD is building manufacturing plants in Hungary. European automakers are embracing the trend likewise: Volkswagen has invested 700 million dollars in XPeng for joint EV development, and Stellantis committed 1.5 billion euros (1.56 billion dollars) to Leapmotor for research, production, and overseas expansion. Carlos Tavares, Stellantis' former CEO, captured this partnership approach, saying the best way to compete with China was to partner with their automakers and "hop on their train." (1 euro = 1.04 U.S. dollar)
CRKN stock touches 52-week low at $0.71 amid sharp annual decline
AP News Summary at 4:49 p.m. ESTJimmy Carter, 39th US president, Nobel winner, dies at 100The new, 12-team College Football Playoff brings with it a promise to be bigger, more exciting, more lucrative. Perfect or 100% fair? Well, nobody ever believed that. The first expanded playoff bracket unveiled Sunday left a presumably deserving Alabama team on the sideline in favor of an SMU squad with a better record after playing a schedule that was not as difficult. It ranked undefeated Oregon first but set up a possible rematch against Ohio State, the team that came closest to beating the Ducks this year. It treated underdog Boise State like a favorite and banged-up Georgia like a world beater at No. 2. It gave Ohio State home-field advantage against Tennessee for reasons it would take a supercomputer to figure out. It gave the sport the multiweek tournament it has longed for, but also ensured there will be plenty to grouse about between now and when the trophy is handed out on Jan. 20 after what will easily be the longest college football season in history. All of it, thankfully, will be sorted out on the field starting with first-round games on campuses Dec. 20 and 21, then over three succeeding rounds that will wind their way through traditional bowl sites. Maybe Oregon coach Dan Lanning, whose undefeated Ducks are the favorite to win it all, put it best when he offered: "Winning a national championship is not supposed to be easy.” Neither, it turns out, is figuring out who should play for it. SMU quarterback Kevin Jennings passes the ball in the first half of the ACC championship game against Clemson on Saturday in Charlotte, N.C. The Big Ten will lead the way with four teams in the tournament, followed by the SEC with three and the ACC with two. The lasting memory from the inaugural bracket will involve the decision that handed the ACC that second bid. Alabama of the SEC didn't play Saturday. SMU of the ACC did. The Mustangs fell behind by three touchdowns to Clemson before coming back to tie. But they ultimately lost 34-31 on a 56-yard field goal as time expired. “We were on pins and needles,” SMU coach Rhett Lashley said. “Until we saw the name ‘SMU’ up there, we were hanging on the edge. We're really, really happy and thankful to the committee for rewarding our guys for their total body of work." The Mustangs only had two losses, compared to three for the Crimson Tide. Even though SMU's schedule wasn't nearly as tough, the committee was impressed by the way the Mustangs came back against Clemson. “We just felt, in this particular case, SMU had the nod above Alabama,” said Michigan athletic director Warde Manuel, the chairman of the selection committee. “But it’s no disrespect to Alabama’s strength of schedule. We looked at the entire body of work for both teams.” Oregon offensive lineman Iapani Laloulu celebrates after winning the Big Ten championship game against Penn State on Saturday in Indianapolis. Georgia, the SEC champion, was seeded second; Boise State, the Mountain West champion, earned the third seed; and Big 12 titlist Arizona State got the fourth seed and the fourth and final first-round bye. All will play in quarterfinals at bowl games on Dec. 31-Jan. 1. Clemson stole a bid and the 12th seed with its crazy win over SMU, the result that ultimately cost Alabama a spot in the field. The Tigers moved to No. 16 in the rankings, but got in as the fifth-best conference winner. Automatic byes and bids made the bracket strange The conference commissioners' idea to give conference champions preferable treatment in this first iteration of the 12-team playoff could be up for reconsideration after this season. The committee actually ranked Boise State, the Mountain West Champion, at No. 9 and Big 12 champion Arizona State at No. 12, but both get to skip the first round. Another CFP guideline: There’s no reseeding of teams after each round, which means no break for Oregon. The top-seeded Ducks will face the winner of Tennessee-Ohio State in the Rose Bowl. Oregon beat Ohio State 32-31 earlier this year in one of the season’s best games. Texas linebacker Anthony Hill Jr. hits Georgia quarterback Gunner Stockton during the second half of the SEC championship game on Saturday in Atlanta. No. 12 Clemson at No. 5 Texas, Dec. 21: Clemson is riding high after the SMU upset, while Texas is 0-2 against Georgia and 11-0 vs. everyone else this season. The winner faces ... Arizona State in the Peach Bowl. Huh? No. 11 SMU at No. 6 Penn State, Dec. 21: The biggest knock against the Mustangs was that they didn't play any big boys with that 60th-ranked strength of schedule. Well, now they get to. The winner faces ... Boise State in the Fiesta Bowl. Yes, SMU vs. Boise was the quarterfinal we all expected. No. 10 Indiana at No. 7 Notre Dame, Dec. 20: Hoosiers coach Curt Cignetti thought his team deserved a home game. Well, not quite but close. The winner gets ... Georgia in the Sugar Bowl. The Bulldogs got the No. 2 seed despite a throwing-arm injury to QB Carson Beck. But what else was the committee supposed to do? No. 9 Tennessee at No. 8 Ohio State, Dec. 21: The Buckeyes (losses to Oregon, Michigan) got home field over the Volunteers (losses to Arkansas, Georgia) in a matchup of programs with two of the biggest stadiums in football. The winner faces ... Oregon in the Rose Bowl. Feels like that matchup should come in the semifinals or later. Buffalo Bills quarterback Josh Allen, foreground right, dives toward the end zone to score past San Francisco 49ers defensive end Robert Beal Jr. (51) and linebacker Dee Winters during the second half of an NFL football game in Orchard Park, N.Y., Sunday, Dec. 1, 2024. (AP Photo/Adrian Kraus) Houston Rockets guard Jalen Green goes up for a dunk during the second half of an Emirates NBA cup basketball game against the Minnesota Timberwolves, Tuesday, Nov. 26, 2024, in Minneapolis. (AP Photo/Abbie Parr) South Carolina guard Maddy McDaniel (1) drives to the basket against UCLA forward Janiah Barker (0) and center Lauren Betts (51) during the first half of an NCAA college basketball game, Sunday, Nov. 24, 2024, in Los Angeles. (AP Photo/Eric Thayer) Mari Fukada of Japan falls as she competes in the women's Snowboard Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Saturday, Nov. 30, 2024. (AP Photo/Andy Wong) LSU punter Peyton Todd (38) kneels in prayer before an NCAA college football game against Oklahoma in Baton Rouge, La., Saturday, Nov. 30, 2024. LSU won 37-17. (AP Photo/Gerald Herbert) South Africa's captain Temba Bavuma misses a catch during the fourth day of the first Test cricket match between South Africa and Sri Lanka, at Kingsmead stadium in Durban, South Africa, Saturday, Nov. 30, 2024. (AP Photo/Themba Hadebe) Philadelphia Eagles running back Saquon Barkley, left, is hit by Baltimore Ravens cornerback Marlon Humphrey, center, as Eagles wide receiver Parris Campbell (80) looks on during a touchdown run by Barkley in the second half of an NFL football game, Sunday, Dec. 1, 2024, in Baltimore. (AP Photo/Stephanie Scarbrough) Los Angeles Kings left wing Warren Foegele, left, trips San Jose Sharks center Macklin Celebrini, center, during the third period of an NHL hockey game Monday, Nov. 25, 2024, in San Jose, Calif. (AP Photo/Godofredo A. Vásquez) Olympiacos' Francisco Ortega, right, challenges for the ball with FCSB's David Miculescu during the Europa League league phase soccer match between FCSB and Olympiacos at the National Arena stadium, in Bucharest, Romania, Thursday, Nov. 28, 2024. (AP Photo/Andreea Alexandru) Brazil's Botafogo soccer fans react during the Copa Libertadores title match against Atletico Mineiro in Argentina, during a watch party at Nilton Santos Stadium, in Rio de Janeiro, Saturday, Nov. 30, 2024. (AP Photo/Bruna Prado) Seattle Kraken fans react after a goal by center Matty Beniers against the San Jose Sharks was disallowed due to goaltender interference during the third period of an NHL hockey game Saturday, Nov. 30, 2024, in Seattle. The Sharks won 4-2. (AP Photo/Lindsey Wasson) New York Islanders left wing Anders Lee (27), center, fight for the puck with Boston Bruins defensemen Parker Wotherspoon (29), left, and Brandon Carlo (25), right during the second period of an NHL hockey game, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Jiyai Shin of Korea watches her shot on the 10th hole during the final round of the Australian Open golf championship at the Kingston Heath Golf Club in Melbourne, Australia, Sunday, Dec. 1, 2024. (AP Photo/Asanka Brendon Ratnayake) Mathilde Gremaud of Switzerland competes in the women's Freeski Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Friday, Nov. 29, 2024. (AP Photo/Andy Wong) Lara Gut-Behrami, of Switzerland, competes during a women's World Cup giant slalom skiing race, Saturday, Nov. 30, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) New York Islanders goaltender Ilya Sorokin cools off during first period of an NHL hockey game against the Boston Bruins, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Amanda Gutierres, second right, is congratulated by teammate Yasmin, right, after scoring her team's first goal during a soccer international between Brazil and Australia in Brisbane, Australia, Thursday, Nov. 28, 2024. (AP Photo/Pat Hoelscher) Las Vegas Raiders tight end Brock Bowers (89) tries to leap over Kansas City Chiefs cornerback Joshua Williams (2) during the first half of an NFL football game in Kansas City, Mo., Friday, Nov. 29, 2024. (AP Photo/Ed Zurga) Luiz Henrique of Brazil's Botafogo, right. is fouled by goalkeeper Everson of Brazil's Atletico Mineiro inside the penalty area during a Copa Libertadores final soccer match at Monumental stadium in Buenos Aires, Argentina, Saturday, Nov. 30, 2024. (AP Photo/Natacha Pisarenko) England's Alessia Russo, left, and United States' Naomi Girma challenge for the ball during the International friendly women soccer match between England and United States at Wembley stadium in London, Saturday, Nov. 30, 2024. (AP Photo/Kirsty Wigglesworth) Gold medalists Team Netherlands competes in the Team Sprint Women race of the ISU World Cup Speed Skating Beijing 2024 held at the National Speed Skating Oval in Beijing, Sunday, Dec. 1, 2024. (AP Photo/Ng Han Guan) Minnesota Vikings running back Aaron Jones (33) reaches for an incomplete pass ahead of Arizona Cardinals linebacker Mack Wilson Sr. (2) during the second half of an NFL football game Sunday, Dec. 1, 2024, in Minneapolis. (AP Photo/Abbie Parr) Melanie Meillard, center, of Switzerland, competes during the second run in a women's World Cup slalom skiing race, Sunday, Dec. 1, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) Get local news delivered to your inbox!
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 30 (Reuters) - The Indian rupee is expected to trade with a bearish bias this week after slumping to a record low on Friday, with traders watching out for how sternly the central bank defends the local currency while bond yields will track U.S. peers and the rupee. The rupee hit its all-time low of 84.8075 on Friday before closing at 84.5325, down nearly 0.3% on the week. The currency has declined for eight consecutive weeks amid a confluence of negative global and domestic factors including a broadly stronger dollar and concerns about India's slowing growth and widening trade deficit. The dollar index ended the week higher by 0.4%, its fourth consecutive weekly rise. Market participants expect the rupee to carry the prevailing bearish bias into 2025. Muted trading in this week's first half due to the year-end, could keep it rangebound. Given the "weak global set-up facing emerging market currencies", the rupee is likely to continue declining unless the Reserve Bank of India adopts a stronger approach to defending it, a trader at a private bank said. Traders expect the rupee to hover between 85.40 and 85.90 per dollar this week. "Rupee volatility seems to be back and we should see bigger movements in the (USD/INR) currency pair as we move forward," said Anil Bhansali, head of treasury at Finrex Treasury Advisors. The rupee's 1-month implied volatility rose to an over-15-month high of 3.5% last week. Meanwhile, the benchmark 10-year bond yield ended at 6.7852% last week, up marginally, after rising 6 basis points in the previous week, as the slump in the rupee weighed. Traders expect the yield to be in a 6.76%-6.84% range this week, with the focus on Treasury yields as well as movement in the currency. The 10-year U.S. yield hit its highest level in nearly eight months last week amid concerns over the pace of rate cuts from the Federal Reserve in 2025. Market participants also remain concerned over depleting banking system liquidity in India, which is set to slip further into deficit in the upcoming quarter. "The first thing should be allowing the rupee to move in line with fundamentals and to not waste your reserves and create a further hole in the liquidity situation," said A Prasanna, head of research at ICICI Securities Primary Dealership. "The strategy on forex intervention should be clearer and parallelly they will have to do more on the liquidity side." Market participants will watch foreign flows in the New Year. The pace of bond purchases from overseas investors has slowed down over the last few sessions, after a grand start to the month. KEY EVENTS: ** India November fiscal deficit - Dec. 31, Tuesday (3:30 p.m. IST) ** India November infrastructure output - Dec. 31, Tuesday (5:30 p.m. IST) ** HSBC India December manufacturing PMI data - Jan. 2, Thursday (10:30 a.m. IST) ** U.S. initial weekly jobless claims week to Dec. 23 - Jan. 2, Thursday (7:00 p.m. IST) ** U.S. December S&P global manufacturing PMI final - Jan. 2, Thursday (8:15 p.m. IST) ** U.S. December ISM manufacturing PMI - Jan. 3, Friday (8:30 p.m. IST) (Reporting by Dharamraj Dhutia and Jaspreet Kalra; Editing by Mrigank Dhaniwala)
Depositors with balances over N5 million would receive their liquidation payouts, according to the NDIC The NDIC remains committed to protecting depositors from the adverse effects of bank collapses In unexpected times, the NDIC reduces the likelihood of bank runs and fosters trust in the banking sector CHECK OUT: Learn at Your Own Pace! Our Flexible Online Course allows you to fit copywriting skills development around your busy schedule. Enroll Now! Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market. The Nigeria Deposit Insurance Corporation (NDIC) said depositors with balances exceeding N5 million will also be paid from their liquidation dividends. The managing ddirector and chief executive, Nigeria Deposit Insurance Corporation (NDIC), Bello Hassan made this known on the occasion of NDIC’s special day at the ongoing 45th Kano International Trade Fair. He said, PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! “Having largely reimbursed depositors their insured deposits, the corporation is committed to ensuring that depositors with balances exceeding N5 million are also paid the balance of their deposits. These uninsured deposits represent a significant portion of the total deposits in Heritage Bank . Read also Customs alerts Nigerians of plan to auction abandoned vehicles, containers at ports “In this regard, the corporation is already working assiduously to ensure that depositors with amounts in excess of the maximum insured amount of N5 million are paid through liquidation dividends from the realisation of the defunct bank’s assets and recovery of debts. “Additionally, the NDIC’s responsibilities extend to the creditors of the defunct bank, who will receive payments after all depositors have been fully reimbursed. This orderly process, based on asset realisation and priority of claims, is essential in maintaining public trust in the banking system and promoting financial system stability. “The corporation today, 4th December 2024 commenced sales of landed properties and chattels of the bank nationwide. This process, which is by competitive public auction, shall follow laid down extant public procurement guidelines aimed at ensuring transparency, fair competition and accountability to enable recovery of commensurate values from the exercise toward payment of liquidation dividend to the uninsured depositors.” Read also CBN finally addresses reported plan to retire 1,000 employees, offers N50 billion in pay-off According to the MD, by guaranteeing payment in the event of bank failures , the NDIC is still dedicated to shielding depositors from the negative consequences of bank failures. The NDIC, a vital part of the financial safety net, gives depositors peace of mind regarding the security of their money , which promotes confidence in the banking system and lowers the possibility of bank runs in unpredictable times. NDIC moves to Pay Customers Legit.ng reported that the Nigeria Deposit Insurance Corporation (NDIC) has announced that it has finished a statewide assets appraisal of the now-defunct Heritage Bank as part of ongoing efforts to compensate depositors following the bank's collapse. During NDIC's special day at the Lagos International Trade Fair, Bello Hassan, the organization's managing director and CEO, made this news. According to BusineDay, Hassan underlined NDIC's commitment to maintaining the stability of the banking sector, especially in the case of a bank failure. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ngome U.S. presidents have the (mis)fortune of having their entire foreign policy defined by their handling of one part of the world. For Jimmy Carter, who died on Sunday, Dec. 29, 2024, aged 100, it was the Middle East. There, he reached his highest point as a peacemaker and his lowest one as a seemingly inept protector of Americans. His legacy in the region is a complex one, featuring stunning triumphs and bitter defeats—and setting dubious precedents. In November 1977, Egyptian President Anwar Sadat traveled to Israel to seek peace, creating an opening for an agreement between the heretofore bitter enemies. By July 1978, however, the talks had stalled. In an attempt to resurrect them, Carter audaciously proposed that he, Sadat, and Israeli Prime Minister Menachem Begin meet at the presidential retreat at Camp David in September. After of arduous negotiations and diplomacy, Carter brokered the . The agreement had two parts: a framework for peace between Egypt and Israel, and a framework for negotiations on Palestinian autonomy. Although Egypt and Israel signed a peace treaty in March 1979, the Palestinian autonomy talks ultimately went nowhere, in large part due to Israeli intransigence. This left a mixed legacy for the agreement. On the one hand, it ended the threat of conflict between Israel and the strongest Arab state, thereby drastically decreasing the chances of another large-scale Arab-Israeli war like those that took place in 1967 and 1973. That not only prevented mass casualties and destruction, but it also reduced the possibility of a nuclear war between the superpowers—something that had seemed possible during the 1973 war when there was a nuclear standoff between the United States and Soviet Union. On the other hand, Egypt’s peace with Israel hamstrung the Palestinians, depriving them of their greatest source of pressure on Israel to negotiate fairly. Furthermore, the United States repeatedly missed or the chance to involve the Palestine Liberation Organization (PLO) in the negotiations. When Carter’s ambassador to the United Nations, Andrew Young, secretly met with a PLO representative, Carter fired him. Carter for that decision, and he had for not wanting to upset the Israelis—after all, without them, there could be no negotiations—or to suffer the potential domestic political costs of engaging the Palestinians. Yet, the move punctuated Carter’s failure to seriously and directly engage with “the sole legitimate representative of the Palestinian people,” or to sufficiently Carter also rebuffed Soviet attempts to engage in the peace talks, which erased the possibility of securing comprehensive Arab-Israeli peace, as historian Galen Jackson argues in his . Without Soviet involvement, there was no way to bring the other Arab nations to the table, making a broader deal and regional peace impossible. But Cold War considerations trumped all for Carter, and instead of working on a peace deal, the Soviets to oppose the Egyptian-Israeli peace. While Carter was preoccupied with guiding the Egyptian-Israeli talks to completion and negotiating a strategic nuclear arms deal with the Soviets, Shah Mohammad Reza Pahlavi of Iran, America’s closest partner in the Middle East, faced a revolution at home, beginning in November 1978. When pushed by his hawkish national security adviser, Zbigniew Brzezinski, to encourage the Shah to use force against the opposition, Carter refused, and the Shah abdicated in January. Ultimately, the radical Ayatollah Ruhollah Khomeini took power and turned Iran from a close American ally into a staunchly anti-Western force in the region, despite the Carter Administration’s with the new government. Iran’s collapse added to the anxiety of other American partners in the region—especially Saudi Arabia—who were unsure whether the United States would support them if revolution crept to their doors. This fear was punctuated by a border conflict between the Yemen Arab Republic (YAR) and its southern Marxist neighbor, the People’s Democratic Republic of Yemen (PDRY) in February and March 1979, which threatened Saudi Arabia’s security. Hoping to reassure U.S. allies, Carter ordered a Navy carrier to the Gulf of Aden and used a congressional waiver to hasten arms deliveries to the YAR. That conflict ultimately ended in a cease-fire in mid-March. Though short-lived, this crisis, sometimes called the Second Yemenite War, was a for Carter’s Middle East policy that signaled his increased openness to military intervention. This willingness stemmed from the administration’s impression that the Persian Gulf was vital to American security, that the situation was and that it through a in the region—what Brzezinski dubbed a “ .” Accordingly, the administration also undertook a in arms sales to Saudi Arabia as part of a recognition of its outsize role in American interests in the region, especially due to its oil production. Carter’s mettle would be tested again later that year, when, on Nov. 4, Iranian student protesters seized the American embassy in Tehran and took over 60 U.S. Embassy personnel and expatriates hostage, only releasing some of the African American and female captives in a show of solidarity. Despite tireless diplomatic efforts to free the hostages, 52 Americans languished in captivity in Iran for 444 days—a colossal embarrassment to the Carter Administration (though reporting has over whether the Reagan campaign may have quietly signaled to Iran not to release the hostages while Carter was in office). To make matters worse, the Soviet Union invaded Afghanistan in late December 1979, marking the end of the period of improved Soviet-American relations known as detente. The Soviets of American moves in the Middle East and that Afghanistan could become an American proxy on their border. Western intelligence agencies were shocked by the invasion and American policymakers worried that the Soviet Union might be angling to control the Persian Gulf and its oil, through Iran or Saudi Arabia. This possibility represented a significant threat to American interests, as it raised the specter of worsening the existing oil crisis caused by the Iranian Revolution, and prompted Carter to promulgate what came to be known— —as the “Carter Doctrine.” In his , Carter bluntly declared that “An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.” The Carter Doctrine set the stage for a more militant American policy toward the Middle East and created a policy rationale that allowed for the disastrous April 1980 (the first offensive U.S. military action in the region since 1958), the even-more-catastrophic U.S. intervention in Lebanon between 1982 and 1984, the 1991 Gulf War, and the 2003 invasion of Iraq. Carter also helped create the and necessary for projecting American power into the Middle East, a feat that was previously far more difficult because of the lack of U.S. bases and forces in the region. What, then, is Carter’s Middle East legacy? He was a peacemaker but was unable to end the Palestinian-Israeli conflict — something he his successors to do by recognizing a Palestinian state. He believed in restraint but ended up looking weak to many Americans, which contributed significantly to his defeat in 1980. He was an advocate for human rights and a reluctant interventionist, but paved the way for decades of American policy excesses in the Middle East, including unjust wars and torture. This mixed record reflected not only the complexity of Carter, but also the difficulty of the region and the cross pressures facing American policymakers as they determine a course in the Middle East. .
Full transcript of "Face the Nation with Margaret Brennan," Dec. 8, 2024Russia has 'limited' stock of new missile: US official
Op-Ed: Jersey City Needs Action on Pedestrian SafetyHospitalized Children Write "Song of Hope” with Texas Music ProjectPerfect or 100% fair? Well, nobody ever believed that. The first expanded playoff bracket unveiled Sunday left a presumably deserving Alabama team on the sideline in favor of an SMU squad with a better record after playing a schedule that was not as difficult. It ranked undefeated Oregon first but set up a possible rematch against Ohio State, the team that came closest to beating the Ducks this year. It treated underdog Boise State like a favorite and banged-up Georgia like a world beater at No. 2. It gave Ohio State home-field advantage against Tennessee for reasons it would take a supercomputer to figure out. It gave the sport the multiweek tournament it has longed for, but also ensured there will be plenty to grouse about between now and when the trophy is handed out on Jan. 20 after what will easily be the longest college football season in history. All of it, thankfully, will be sorted out on the field starting with first-round games on campuses Dec. 20 and 21, then over three succeeding rounds that will wind their way through traditional bowl sites. Maybe Oregon coach Dan Lanning, whose undefeated Ducks are the favorite to win it all, put it best when he offered: "Winning a national championship is not supposed to be easy.” Neither, it turns out, is figuring out who should play for it. Coming up short The Big Ten will lead the way with four teams in the tournament, followed by the SEC with three and the ACC with two. The lasting memory from the inaugural bracket will involve the decision that handed the ACC that second bid. Alabama of the SEC didn't play Saturday. SMU of the ACC did. The Mustangs fell behind by three touchdowns to Clemson before coming back to tie. But they ultimately lost 34-31 on a 56-yard field goal as time expired. “We were on pins and needles,” SMU coach Rhett Lashley said. “Until we saw the name ‘SMU’ up there, we were hanging on the edge. We're really, really happy and thankful to the committee for rewarding our guys for their total body of work." The Mustangs only had two losses, compared to three for the Crimson Tide. Even though SMU's schedule wasn't nearly as tough, the committee was impressed by the way the Mustangs came back against Clemson. “We just felt, in this particular case, SMU had the nod above Alabama,” said Michigan athletic director Warde Manuel, the chairman of the selection committee. “But it’s no disrespect to Alabama’s strength of schedule. We looked at the entire body of work for both teams.” First round byes Georgia, the SEC champion, was seeded second; Boise State, the Mountain West champion, earned the third seed; and Big 12 titlist Arizona State got the fourth seed and the fourth and final first-round bye. All will play in quarterfinals at bowl games on Dec. 31-Jan. 1. Clemson stole a bid and the 12th seed with its crazy win over SMU, the result that ultimately cost Alabama a spot in the field. The Tigers moved to No. 16 in the rankings, but got in as the fifth-best conference winner. Automatic byes and bids made the bracket strange The conference commissioners' idea to give conference champions preferable treatment in this first iteration of the 12-team playoff could be up for reconsideration after this season. The committee actually ranked Boise State, the Mountain West Champion, at No. 9 and Big 12 champion Arizona State at No. 12, but both get to skip the first round. Another CFP guideline: There’s no reseeding of teams after each round, which means no break for Oregon. The top-seeded Ducks will face the winner of Tennessee-Ohio State in the Rose Bowl. Oregon beat Ohio State 32-31 earlier this year in one of the season’s best games. First round matchups No. 12 Clemson at No. 5 Texas, Dec. 21: Clemson is riding high after the SMU upset, while Texas is 0-2 against Georgia and 11-0 vs. everyone else this season. The winner faces ... Arizona State in the Peach Bowl. Huh? No. 11 SMU at No. 6 Penn State, Dec. 21: The biggest knock against the Mustangs was that they didn't play any big boys with that 60th-ranked strength of schedule. Well, now they get to. The winner faces ... Boise State in the Fiesta Bowl. Yes, SMU vs. Boise was the quarterfinal we all expected. No. 10 Indiana at No. 7 Notre Dame, Dec. 20: Hoosiers coach Curt Cignetti thought his team deserved a home game. Well, not quite but close. The winner gets ... Georgia in the Sugar Bowl. The Bulldogs got the No. 2 seed despite a throwing-arm injury to QB Carson Beck. But what else was the committee supposed to do? No. 9 Tennessee at No. 8 Ohio State, Dec. 21: The Buckeyes (losses to Oregon, Michigan) got home field over the Volunteers (losses to Arkansas, Georgia) in a matchup of programs with two of the biggest stadiums in football. The winner faces ... Oregon in the Rose Bowl. Feels like that matchup should come in the semifinals or later.
Great Osobor scored 12 points, grabbed six rebounds and had three assists in 18 minutes of playing time as Washington wrapped up nonconference action with a 90-53 rout of NJIT on Sunday afternoon in Seattle. Zoom Diallo came off the bench to contribute 12 points and a game-high five assists for the Huskies (9-4), and Wilhelm Breidenbach, who missed Monday's 79-70 upset loss to Seattle U., added 10 points and five rebounds. Sebastian Robinson led the Highlanders (2-12) with 16 points, Tim Moore Jr. scored 14 and Ari Fulton added 11. NJIT, which suffered its third consecutive defeat and dropped to 0-9 on the road, played without leading scorer Tariq Francis (18.6 ppg) because of an ankle injury. The Huskies shot 34 of 61 from the field (55.7 percent) and were 10 of 24 from 3-point range. NJIT was 19 of 51 (37.3 percent) and just 3 of 17 from distance. Washington forced 13 turnovers while committing just five, leading to a 17-4 edge in points off miscues. The Huskies also had sizable advantages in points off the bench (47-4), in the paint (42-24) and in fastbreak scoring (17-0). The Huskies led 46-26 at the half as Osobor, Breidenbach and Mekhi Mason each scored seven points. Osobor scored the game's first five points and Mason made a 3-pointer to give the Huskies an 8-2 lead. A jumper by Mason extended the lead to 26-16 with 8:30 left in the first half. The Huskies continued to pull away, with Jase Butler capping an 8-0 run with a 3-pointer to make it 42-22 with 2:29 remaining before the intermission. A 9-0 run gave Washington its first 30-point lead of the day at 60-30 with 15:24 still to play. The Huskies led by as many as 40 on Luis Kortright's fastbreak layup at the 7:09 mark. Mason, Kortright, Christian King and KC Ibekwe all scored nine points for Washington. Washington resumes Big Ten Conference play Thursday when Maryland makes a trip to the West Coast. The Highlanders have one more nonconference game before opening America East play Jan. 9. --Field Level Media
Global reaction to Assad's sudden ouster from Syria ranges from jubilation to alarmCalifornia Gov. Gavin Newsom and state lawmakers headed back to the state Capitol Monday to begin steeling themselves for another Donald Trump presidency and to kick off a special session aimed at protecting the state’s progressive policies from his administration. The Democratic governor, long a Trump foe, is maneuvering to position his huge, powerful state to once again be the center of a resistance effort against Trump extremely conservative agenda. Newsom is calling on his Democratic allies in the Legislature, who hold supermajorities in both chambers, to approve additional funding to the attorney general’s office to prepare for a robust legal fight against all anticipated federal challenges launched by Trump and the cronies he is already naming to top positions. Democratic Assemblymember Jesse Gabriel on Monday introduced legislation to set aside $25 million for legal fees to respond to potential attacks by the Trump administration on state policies regarding civil rights, climate change, immigration and abortion access. “While we always hope to collaborate with our federal partners, California will be ready to vigorously defend our interests and values from any unlawful action by the incoming Trump Administration,” Gabriel vowed in a statement. California sued the first Trump administration more than 120 times with various levels of success. “We’re not going to be caught flat-footed,” Newsom vowed at a recent news conference. Trump often depicts California as representing everything he sees wrong in America. Democrats, which hold every statewide office in California and have commanding margins in the Legislature and congressional delegation, outnumber registered Republicans by nearly two-to-one statewide. Trump called the Democratic governor “New-scum” during a campaign stop in Southern California, and has relentlessly lambasted the Democratic stronghold over its large number of undocumented immigrants, its homeless population and and its thicket of protectionist regulations. Trump also waded into a water rights battle over the endangered delta smelt , a tiny fish that has pitted environmentalists against farmers and threatened to withhold federal aid to a state increasingly under threat from wildfires. Before the special session was set to begin, state lawmakers swore in more than two dozen new members and elected leaders for the 2025 legislative session. Hundreds of people also demonstrated around the Capitol on Monday to urge the Legislature to block Trump’s mass deportation plans . They carried banners reading: “Not one cent for mass deportation” and “MAGA out of California.” “With the results of the presidential election, we need our state elected officials to use every tool and every resource they have available to them to protect our immigrant Californians,” said protester Deborah Lee. State Attorney General Rob Bonta vowed that his office will protect the state’s immigration population. In another challenge to Trump, Newsom last week unveiled a proposal to revive a rebate program for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, as it’s expected to do. Newsom is also considering creating a backup disaster relief fund for the wildfire-prone state after Trump’s threats to cut off funds. Bonta also announced legislation Monday aimed at bolstering reproductive rights in the state, including by allowing the attorney general to seek monetary penalties against local governments that infringe on those rights. The proposals are all part of the state’s efforts to safeguard against threats to abortion access after the U.S. Supreme Court overturned Roe v. Wade . Republican lawmakers blasted Newsom and his Democratic allies over the special session. Rep. Vince Fong, who represents the state’s Central Valley farm belt, said California should work with the incoming Trump administration. “Gavin Newsom’s actions are tone-deaf to the concerns of Californians who disapprove of the direction of our state and country,” Fong insisted in a video on social media. California legislators will likely act to protect dozens of laws expected to be targeted by the Trump administration, including one that has made the state a sanctuary for people seeking abortions who live in states where such practices have been severely limited. California, the nation’s most populous state, was the first to mandate that by 2035 all new cars , pickup trucks and SUVs sold in California be electric, hydrogen-powered or plug-in hybrids. The state also extends state-funded health care to all low-income residents regardless of their immigration status. Newsom hasn’t provided details about what actions the lawmakers will consider but said he wanted major funding in place before Trump’s inauguration day, Jan. 20. The state spent roughly $42 million in litigation costs during the first Trump administration, officials said. California successfully clawed back $57 million between 2017 and 2018 after prevailing in a lawsuit to block the Trump administration from imposting immigration enforcement conditions on certain federal law enforcement grants. Another legal victory over the citizenship question in the 2020 census forced the federal government to return $850,000 to the state, according to the attorney general’s office. “We are positioned, if necessary, to be the tip of the spear of the resistance and to push back against any unlawful or unconstitutional actions by the Trump administration,” said Gabriel, who chairs the budget committee. Additional reporting by journalists Haven Daley and Sophie Austin from the Associated PressWASHINGTON — Former House Speaker Nancy Pelosi has been hospitalized after she “sustained an injury” during an official engagement in Luxembourg, according to a spokesman. Pelosi, 84, was in Europe with a bipartisan congressional delegation to mark the 80th anniversary of the Battle of the Bulge in World War II. Her spokesman, Ian Krager, said in a statement that she is “currently receiving excellent treatment from doctors and medical professionals” and is unable to attend the remainder of events on her trip. He did not describe the nature of her injury or give any additional details, but a person familiar with the incident said that Pelosi tripped and fell while at an event with the other members of Congress. Another person familiar with the situation said she injured her hip. The people requested anonymity to discuss the fall because they were not authorized to speak about it publicly. Krager said that Pelosi “looks forward to returning home to the U.S. soon." Among the members on the trip was Rep. Michael McCaul (R-Texas), who posted on social media that he was “praying for a speedy recovery,” for Pelosi. The two lawmakers were captured holding hands in a group photo Friday at the U.S. Embassy in Luxembourg. Get the latest breaking news as it happens. By clicking Sign up, you agree to our privacy policy . “I’m disappointed Speaker Emerita Pelosi won’t be able to join the rest of our delegation’s events this weekend as I know how much she looked forward to honoring our veterans,” McCaul wrote on X. “But she is strong, and I am confident she will be back on her feet in no time.” The former Democratic leader's fall comes two years after her husband Paul was attacked by a man with a hammer at their San Francisco home. The man, who was sentenced in October to 30 years in federal prison, broke into their home looking for Pelosi. Pelosi, who was first elected in 1987 and served as speaker twice, stepped down from her leadership post two years ago but remained in Congress and was reelected to represent her San Francisco district in November. She has remained active in the two years since she left the top job, working with Democrats in private and in public and attending official events. Last summer, she was instrumental in her party's behind the scenes push to urge President Joe Biden to leave the presidential ticket. She attended the Kennedy Center Honors in Washington last weekend and was on the Senate floor Monday to attend the swearing in of her former Democratic House colleagues, Adam Schiff of California and Andy Kim of New Jersey. Earlier this week, Senate Republican Leader Mitch McConnell, 82, tripped and fell in the Senate, spraining his wrist and cutting his face. McConnell, who is stepping down from his leadership post at the end of the year, missed Senate votes on Thursday after experiencing some stiffness in his leg from the fall, his office said.
Kavelashvili Is Inaugurated as Georgia’s President, Complicating Its Path toward EU
Elon Musk has been going on a complete war footing against Donald Trump 's supporters in the last couple of days, owing to the fact that MAGA supporters are not agreeable to Musk's concept of H-1B visas, wherein he has said hat America does not have talented engineers and working resources, which need to be outsourced from foreign countries. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for What is Elon Musk's latest spat with Trump supporters all about? Musk is of the opinion that foreign talent working in US companies are knowledgably sound, and they have due potential of taking America and its industries forward, something that a majority of Trump's supporters are not agreeing on digesting. This has lead to a massive fiasco, and landed Musk into a major controversy across the US. Trump's supporters believe that America has enough resources itself, and local resources and workforce needs to be empowered, rather than than bringing in foreign nationals through H-1B visas, and give them jobs in the country. Trump backs Musk in this regard In a rather surprising incident, President-elect Donald Trump has now backed Elon Musk's support for H-1B visas, in spite of his initial opposition to this theory. This has taken Trump's entire MAGA supporter base by surprise, with many spewing fire about the sudden turn of events. According to Trump's recent statements, he has liked these kinds of visas and is in support of them. This puts the Musk-Trump differences to rest for the time being, but there is no saying as to when things may flare up again. What is the H-1B visa? The H-1B visa is a non-immigrant visa program based in the United States that allows companies to employ foreign workers in specialty occupations. These occupations typically require a bachelor's or higher degree in some specific fields. The H-1B visa is a popular choice for US companies vested into the world of technology. 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President-elect Donald Trump has announced that Elon Musk and Vivek Ramaswamy will be co-heading the " Department of Government Efficiency , informally referred to as 'DOGE', when the Trump administration takes over in January next year. Is Elon Musk a part of Donald Trump's cabinet? Yes, Elon Musk was announced as the co-head of a special department to begin in Trump's regime, that will keep a check on government expenses. (You can now subscribe to our Economic Times WhatsApp channel )
New Delhi, Dec 30 (IANS): Amit Malviya, the national convener of the Bharatiya Janata Party (BJP)'s IT cell, on Monday, debunked the Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh's claims after the latter alleged that BJP tried to get his wife's name deleted from the voters list of the New Delhi Assembly constituency ahead of the polls in the national capital. Taking to social media platform X to debunk the AAP leader's claims, Malviya said: "Who can be more degraded than a man who does not hesitate to drag his wife into the quagmire of politics?" The BJP leader also shared pictures of the election affidavit filed by Sanjay Singh's wife on X, saying that Anita Singh, the AAP leader's wife, is a voter of Sultanpur (Uttar Pradesh) so how can a person, who is not a voter of Delhi, be removed from the voter list there. Malviya further wrote: "This is the affidavit of Anita Singh, Sanjay Singh's wife, in which she is saying that she is a voter of Sultanpur, Uttar Pradesh. Now, how can the name of someone who is not a voter of Delhi be removed from the voter list of Delhi?" The BJP leader also said: "And if she (Sanjay Singh's wife) has described herself as a voter of Sultanpur in the affidavit, but also votes in Delhi, then it is a crime as per law. Now Sanjay Singh should decide how much more he wants to humiliate his wife." Sanjay Singh on Sunday accused the BJP of attempting to get his wife's name deleted from the voters list of the New Delhi Assembly seat. The senior AAP leader, one of the fiercest critics of the BJP, alleged at a press conference that the party was deleting the names of Purvanchali people settled in Delhi. He was flanked by his wife Anita Singh, who hails from eastern Uttar Pradesh. Purvanchalis, who hail from eastern Uttar Pradesh and Bihar, form a sizable vote bank in the national capital. Both the BJP and the AAP are vying for their support in the February elections. Sanjay Singh claimed that two applications were filed on December 25 and 26 for deletion of his wife's name from the voters list of the New Delhi seat represented by Aam Aadmi Party (AAP) supremo Arvind Kejriwal. "They (BJP) ran a campaign to delete the name of voters from the list. They think that let's teach a lesson to Sanjay Singh. What they have done -- the New Delhi constituency from where Arvind Kejriwal is the MLA, they (BJP) gave an application to delete the name of my wife -- Anita Singh from the voter list, and not just once but twice -- on December 24 and 26," Singh said. He claimed that the BJP was targeting him because he raised in the Rajya Sabha the issue of names of Purvanchali voters being deleted from the voters list in the national capital. The BJP has alleged that the names of Rohingya and Bangladeshi people were added to the voter list at the AAP's behest. It has accused the ruling party of helping illegal immigrants with documents. Earlier on Sunday, Kejriwal accused the BJP of carrying out "Operation Lotus" in the New Delhi constituency from December 15 to delete names of voters from the electoral list. "In my New Delhi assembly constituency -- their (BJP) 'operation Lotus' has been going on since December 15. In these 15 days, they have applied for the deletion of 5,000 votes and the addition of 7,500 votes. Why is there a need to conduct elections if you are manipulating around 12 per cent of total voters in the Assembly? A kind of 'game' is being played out in the name of election," Kejriwal said in a press conference.Future of High Intensity Focused Ultrasound (HIFU) Technology Market: Analysis and Leadership by Chongqing Haifu Medical Technology, InSightec, EDAP TMS, Shanghai A&S, Wikkon, SonaCare Medical, Changjiangyuan Technology Development, Philips Healthcare 12-13-2024 07:21 PM CET | Health & Medicine Press release from: STATS N DATA High Intensity Focused Ultrasound (HIFU) Technology Market The High Intensity Focused Ultrasound (HIFU) Technology Market is rapidly evolving, becoming increasingly relevant in both medical and cosmetic applications. HIFU technology utilizes focused ultrasound waves to target tissues deep within the body, delivering precise energy to destroy diseased cells while minimizing damage to surrounding structures. As a non-invasive treatment option, HIFU is gaining traction for its effectiveness in treating various health conditions, including tumors and benign lesions, as well as its cosmetic uses for skin tightening and rejuvenation. You can access a sample PDF report here: https://www.statsndata.org/download-sample.php?id=82562 Recent developments in the HIFU market have been propelled by significant technological advancements and strategic collaborations among key players. The advent of more sophisticated ultrasound devices, enhanced imaging techniques, and improved treatment protocols has expanded the scope and effectiveness of HIFU treatments. Additionally, partnerships between technology companies and healthcare providers are fostering innovation and driving the adoption of HIFU solutions. These developments are crucial as healthcare systems and patients increasingly seek less invasive and more efficient treatment options. As the HIFU technology market continues to grow, actionable insights into current trends and evolving market dynamics are essential for stakeholders. The integration of artificial intelligence in treatment planning and patient management, along with the digitalization of health services, is transforming how HIFU is implemented. Furthermore, consumer awareness of non-invasive options is rising, creating a more informed patient base that actively seeks out advanced treatment solutions. Key Growth Drivers and Trends Several critical factors are influencing the demand for HIFU technology. Sustainability in healthcare is a significant driver, as non-invasive treatments often result in less environmental impact and reduced resource consumption compared to traditional surgical procedures. The digitization of health services is also playing a vital role, with telemedicine and online consultations making it easier for patients to access HIFU treatments. Consumer awareness is another important trend, as patients become more informed about health and wellness options. The rise in health consciousness has led to increased interest in aesthetic procedures, further boosting the demand for HIFU solutions in cosmetic applications. In addition to these drivers, the integration of artificial intelligence is reshaping the HIFU landscape. AI algorithms can analyze patient data to optimize treatment plans and enhance precision. Furthermore, product customization is becoming increasingly important, as manufacturers are developing tailored solutions to meet the specific needs of patients and healthcare providers. Emerging technologies, such as portable HIFU devices and IoT-driven systems, are also influencing the market's future, offering novel ways to deliver care and monitor treatment outcomes. Market Segmentation The High Intensity Focused Ultrasound (HIFU) Technology Market can be segmented as follows: • Segment by Type - Ultrasound-Guided: This technique utilizes real-time ultrasound imaging to guide the HIFU treatment, allowing for precise targeting of tissues. - MR-Guided: Magnetic Resonance Imaging (MRI) guidance provides detailed visualization, enhancing treatment accuracy and safety. • Segment by Application - HIFU for Disease: This application includes the treatment of various medical conditions, such as tumors, prostate cancer, and uterine fibroids. - HIFU for Cosmetic: This segment focuses on aesthetic applications, such as skin tightening, wrinkle reduction, and body contouring. Each of these segments presents unique opportunities and challenges, influencing how stakeholders engage with the market. Get 30% Discount On Full Report: https://www.statsndata.org/ask-for-discount.php?id=82562 Competitive Landscape The competitive landscape of the HIFU technology market is characterized by the presence of several leading companies that are instrumental in shaping trends and driving innovation. Key players include: • Chongqing Haifu Medical Technology: Known for its pioneering work in HIFU technology, Chongqing Haifu has significantly advanced the treatment of tumors and other medical conditions. • InSightec: This company specializes in MR-guided focused ultrasound systems, enhancing treatment accuracy and patient outcomes. • EDAP TMS: A leader in therapeutic ultrasound, EDAP TMS is recognized for its innovative HIFU devices and expanding market presence. • Shanghai A&S: Committed to research and development, Shanghai A&S is innovating HIFU solutions for both medical and cosmetic applications. • Wikkon: Wikkon is known for its advancements in ultrasound technology, contributing to the enhancement of HIFU applications in various fields. • SonaCare Medical: This company focuses on developing HIFU solutions for prostate cancer treatment, leveraging its expertise to improve patient care. • Changjiangyuan Technology Development: A key player in the HIFU market, Changjiangyuan is known for its commitment to technological advancements and market expansion. • Philips Healthcare: A global leader in healthcare technology, Philips is integrating HIFU solutions into its portfolio, enhancing treatment options for providers and patients alike. These companies are at the forefront of the HIFU market, with each contributing through product innovations, market expansions, or collaborations that enhance the overall landscape of HIFU technology. Opportunities and Challenges The HIFU technology market presents numerous opportunities for growth. Untapped regions, particularly in developing economies, offer significant potential for expansion as healthcare facilities increasingly adopt advanced treatment modalities. Evolving consumer preferences toward non-invasive procedures are also creating new markets for HIFU applications, especially in the cosmetic sector. However, the market is not without its challenges. Regulatory constraints can pose hurdles, as companies navigate the complex landscape of medical device approval. Operational inefficiencies, particularly in the integration of new technologies and training of personnel, can affect the implementation of HIFU solutions in clinical settings. Additionally, the talent shortage in specialized medical fields may hinder the growth of the HIFU market. To address these challenges, stakeholders must focus on fostering collaboration between regulatory bodies and industry leaders to streamline approval processes. Investing in training and development programs will ensure that healthcare professionals are equipped with the necessary skills to utilize HIFU technology effectively. Companies should also explore partnerships to enhance operational efficiencies and drive innovation. Technological Advancements Cutting-edge technologies are significantly impacting the HIFU market. The integration of artificial intelligence is revolutionizing treatment planning, as AI can assist in analyzing patient data and optimizing procedures for better outcomes. Advanced imaging techniques, such as real-time MRI and ultrasound, are enhancing the precision of HIFU treatments, allowing for better targeting and reduced side effects. Moreover, the advent of IoT-driven systems is enabling seamless monitoring of patient progress and treatment efficacy. These technologies can enhance patient engagement and empower healthcare providers to make data-driven decisions. Virtual tools are also on the rise, providing physicians with innovative ways to visualize treatment plans and communicate effectively with patients. Research Methodology and Insights The insights presented in this press release are derived from rigorous research conducted by STATS N DATA, utilizing a comprehensive approach that includes both top-down and bottom-up methodologies. Primary research involved interviews with industry experts, healthcare professionals, and key market players, while secondary research encompassed extensive data collection from reputable industry reports, market databases, and academic publications. Triangulation of data sources ensured accurate insights, providing a well-rounded perspective on the HIFU technology market. This meticulous research process enables STATS N DATA to deliver actionable intelligence, empowering stakeholders to navigate the complexities of the market effectively. In conclusion, the High Intensity Focused Ultrasound (HIFU) Technology Market is poised for remarkable growth, driven by technological advancements, increasing consumer awareness, and a shift towards non-invasive treatment options. Stakeholders who leverage current trends and address challenges will be well-positioned to capitalize on the numerous opportunities this evolving market presents. For customization requests, please visit: https://www.statsndata.org/request-customization.php?id=82562 Full High Intensity Focused Ultrasound HIFU Technology Market Report Link: https://www.statsndata.org/report/Global-High-Intensity-Focused-Ultrasound-HIFU-Technology-Market-82562 Related Reports: Acoustic Vehicle Alerting System (AVAS) for EV Market https://www.statsndata.org/report/acoustic-vehicle-alerting-system-avas-for-ev-market-264153 AI-powered Mental Health Chatbot Market https://www.statsndata.org/report/ai-powered-mental-health-chatbot-market-76631 Aerospace Auxiliary Power Unit Market https://www.statsndata.org/report/aerospace-auxiliary-power-unit-market-147239 Cryopreservation Bags and Freezing Bags Market https://www.statsndata.org/report/cryopreservation-bags-and-freezing-bags-market-74726 Hydromulching Market https://www.statsndata.org/report/hydromulching-market-45521 John Jones Sales & Marketing Head | Stats N Data Phone: +1 (315) 642-4324 Email: sales@statsndata.org Website: www.statsndata.org STATS N DATA is a trusted provider of industry intelligence and market research, delivering actionable insights to businesses across diverse sectors. We specialize in helping organizations navigate complex markets with advanced analytics, detailed market segmentation, and strategic guidance. Our expertise spans industries including technology, healthcare, telecommunications, energy, food & beverages, and more. Committed to accuracy and innovation, we provide tailored reports that empower clients to make informed decisions, identify emerging opportunities, and achieve sustainable growth. Our team of skilled analysts leverages cutting-edge methodologies to ensure every report addresses the unique challenges of our clients. At STATS N DATA, we transform data into knowledge and insights into success. Partner with us to gain a competitive edge in today's fast-paced business environment. For more information, visit https://www.statsndata.org or contact us today at sales@statsndata.org This release was published on openPR.SEATTLE (AP) — The Seattle Seahawks took a bumpy path to sole possession of first place in the NFC West. Sunday's 26-21 win over the Jets featured several special teams miscues, including a 99-yard kickoff return for a touchdown by New York. On the flip side, the Seahawks got their second pick-6 in as many weeks and just enough production by Geno Smith and the offense. The Seahawks' uneven performance was characteristic of a season in which they started 3-0, then lost five of six before winning another three in a row to take command of their underachieving division. Seattle (7-5) leads Arizona by one game, with a matchup against the Cardinals looming next weekend. Zach Charbonnet gave Seattle its first lead of the day on an 8-yard touchdown run with 5:37 to go, and the Seahawks' defense capped another strong outing with a game-sealing stop on fourth down. After a sack by Leonard Williams gave the Jets a fourth-and-15 at the 34-yard line, Aaron Rodgers threw a desperation pass to Garrett Wilson that fell incomplete, giving Seattle the ball with 33 seconds left. What’s working Williams is on a tear. After losing out on NFC defensive player of the week honors last week to teammate Coby Bryant despite 2 1/2 sacks and four quarterback hits, “Big Cat” had an even better game. Williams finished with two sacks, three tackles for loss, a 92-yard interception return for a touchdown that was the longest pick-6 in NFL history by a defensive lineman, and a blocked extra point. The touchdown was the first of Williams’ career. He became the first player since 1982 with multiple sacks, an interception return for a touchdown and a blocked kick in a game. Maybe this week the league will agree he was the NFC's best defender. What needs help The special teams could not have been much worse in the first half. The Seahawks fumbled three kickoffs, losing two, and allowed Kene Nwangwu's 99-yard kickoff return for a TD. Dee Williams fumbled on a kickoff in the first quarter to give New York the ball at the 27-yard line, and four plays later, Rodgers hit Isaiah Davis for a touchdown to give the Jets a 14-0 lead. Laviska Shenault Jr. muffed two kicks and fumbled at the Seattle 38-yard line in the second quarter. Seattle also had an extra point blocked. Stock up Smith led his third game-winning drive of the season and his 11th since he became Seattle’s starting quarterback in 2022. Facing the team that drafted him in 2013, Smith went 20 of 31 for 206 yards and a touchdown. For the first time in five weeks, he was not intercepted. The Seahawks trailed by 14 points on two occasions, but Smith brought Seattle back while avoiding the untimely picks that dogged him recently. He threw a 12-yard touchdown pass to A.J. Barner in the second quarter, and led the Seahawks on a go-ahead nine-play, 71-yard touchdown drive late in the fourth quarter. Stock down Coach Mike Macdonald and his staff have to address the problem with their kick returners, Shenault and Dee Williams. Two lost fumbles and several muffs could have easily cost Seattle the game. Injuries WR DK Metcalf left the game briefly with a knee issue but returned. ... P Michael Dickson was unavailable in the fourth quarter because of back spasms. Key number 38 — The Seahawks decided to go for it on fourth-and-6 at their own 33-yard line with 9:34 left in the game. A primary reason was that Dickson was unavailable to punt because of back spasms. The Jets were flagged for having 12 men on the field after sending a punt returner out, which gave Seattle fourth-and-1 at the 38. The Seahawks got a first down after Jets cornerback Quantez Stiggers was flagged for pass interference on Metcalf, and eight players later, Charbonnet scored to put Seattle ahead. Without going for it on fourth down from their own 38, the Seahawks likely would’ve lost. Up next The Seahawks will seek a season sweep of the Cardinals. ___ AP NFL: https://apnews.com/hub/nfl Shane Lantz, The Associated Press