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Judge unlikely to embrace US government’s push to require Chrome divestiture, experts sayBangladesh wanted to resolve its "outstanding grievances" from the war that led to the creation of the country in 1971, and move forward, Chief Adviser Dr Muhammad Yunus told Prime Minister Shehbaz Sharif during a bilateral meeting in Cairo on Thursday. Shehbaz, who is in the Egyptian capital to attend the Developing Eight (D-8) Organisation for Economic Cooperation meeting, held bilateral meetings with the leaders from the member countries on the fringes of the summit, according to a statement issued by the Prime Minister's Office. A statement issued by Bangladesh Chief Adviser's Office stated that Yunus had "agreed to strengthen relations" with Pakistan. "The [1971] issues have kept coming again and again," Yunus told Shehbaz, according to the statement. "Let's settle those issues for us to move forward." The statement further stated that Chief Adviser Yunus and Prime Minister Shehbaz "agreed to strength-en relations between the two countries through increased trade, commerce, and exchange of sports and cultural delegations". Dhaka's statement said that both the leaders "agreed to strengthen [bilateral] relations through in-creased trade, commerce, and exchange of sports and cultural delegations". It added that Yunus expressed his intentions to revive the South Asian Association for Regional Cooperation (SAARC). The moribund eight-nation South Asian grouping remained stalled for years because of India's obduracy towards Pakistan. "This is a top priority," Yunus told Shehbaz. "I want a summit of Saarc leaders even if it is only for a photo session, because that will carry a strong message". Taking to microblogging website of X, Shehbaz described the meeting as cordial, saying that he had a "warm and cordial exchange" with Yunus. "Together, we reaffirmed our commitment to deepen bilateral and multilateral collaboration," he posted on social media platform X. A separate statement issued by the Prime Minister's Office said that the Shehbaz-Yunus meeting took place in a cordial environment, truly reflecting the existing goodwill and fraternal ties between Pakistan and Bangladesh. The prime minister, the statement further said, called for taking advantage of great potential to boost trade in different sectors, including chemicals, cement clinkers, surgical goods, leather goods and information technology (IT). Shehbaz reiterated Pakistan's keen desire to enhance bilateral cooperation, particularly in the areas of trade, people-to-people contacts and cultural exchanges. He expressed his gratitude to Bangladesh for the recent steps for the facilitation of trade and travel between the two countries. Shehbaz also thanked Bangladesh for doing away with additional clearance requirements for Pakistani visa applicants, waiving off of the condition of 100% physical inspection of the consignments from Pakistan and abolition of special security desk at the Dhaka airport to scrutinise Pakistani passengers. While expressing satisfaction with the recent positive developments in bilateral relations, the two leaders agreed to expand and deepen bilateral cooperation in all areas of mutual interest and emphasised the need to align efforts to achieve mutually beneficial development objectives. In the Egyptian capital, Shehbaz joined the leaders of the D-8 countries at the 11th D-8 Summit, chaired by Egyptian President Abdel Fattah El Sisi. The Cairo moot gathered leaders from Egypt, Turkey, Iran, Nigeria, Pakistan, Bangladesh, Indonesia and Malaysia. On the sidelines of the summit, Shehbaz also had bilateral meetings with Turkish President Recep Tayyip Erdogan, Iranian President Masoud Pezeshkian, Indonesian President Prabowo Subianto. He also met with Egypt President El Sisi, who warmly received the prime minister at the Summit venue. During the meeting with Erdogan, both sides reiterated their resolve to support each other on core is-sues of national interest, including Turkiye's support for Jammu and Kashmir and Pakistan's support for Turkiye's stance on the Cyprus issue. They also discussed the latest situation in the Middle East and Syria. Both the leaders reaffirmed their unwavering support for the Palestinian people and their legitimate aspirations for a promised homeland. They condemned the Israeli genocidal actions against the innocent Palestinians. Shehbaz emphasised that the two countries should increase economic cooperation in new areas for foreign investment and joint ventures, particularly in IT, agriculture and green technology. They agreed to continue to work together for further deepening economic, trade, and defence cooperation. Erdogan stressed the need for closely working together to promote regional peace and stability. He appreciated notable improvement in Pakistan's economy, and also lauded Pakistan for sending substantial humanitarian support to Palestine and Lebanon. Talking to the Iranian President during the bilateral meeting, Shehbaz underscored the importance of operationalising the border markets, which had already been inaugurated. He called for joint efforts for the inauguration of remaining markets. Both the leaders expressed the hope that the decisions taken at the D-8 Summit would pave the way for enhanced cooperation among the member states in mutually beneficial areas. Shehbaz said that Pakistan stood in complete solidarity with its brothers and sisters from Palestine, Lebanon and Syria. Shehbaz also held a meeting with Indonesian President Prabowo Subianto. During the meeting, the two sides agreed to maintain the momentum in bilateral relations with particular emphasis on further deepening economic and commercial ties. Emphasising Pakistan's deep interest in engaging with the Association of Southseast Asian Nations (Asean), Shehbaz said that Pakistan appreciated Indonesia's support in achieving Sectoral Partner Status in Asean and the membership of the Asean Regional Forum. "With Indonesia's support, Pakistan looks forward to becoming a Full Dialogue Partner of Asean," he told President Subianto. Both the leaders reaffirmed their unwavering support for the Palestinian cause and called for a ceasefire in Gaza, the statement said. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. 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Greg LeRoy knows it’s not unusual for companies planning data center developments to include lofty job creation numbers and economic benefit projections in their press releases. How often those projects actually live up to their billing is part of the research performed by LeRoy’s non-profit group, Good Jobs First . Since 1998, the Washington, D.C.-based policy research center has analyzed large-scale development projects across the country to determine if they truly do offer sufficient return on the tax breaks and other public subsidies they receive. Good Jobs First released its first report on data center deals in 2016, finding that the 11 projects included in its review secured public subsidy agreements so rich that they came at a cost to taxpayers of nearly $2 million per job. “That means that taxpayers will never break even,” LeRoy said. “There’s no way an average worker in data centers is going to pay almost $2 million more in state and local taxes than public services they and their families consume over their lifetimes. It really means there’s a transfer of wealth from those states and cities to the shareholders of the cash-rich internet companies.” Data centers continue to spring up across the country amid increasing demand for storage sites in the era of smartphones, AI and other forms of technology. In the race to attract these centers and the jobs that come with them, LeRoy said research shows some states have paid a high cost. Last year in Virginia, for example, LeRoy said the state’s loss of sales tax revenue from data center subsidy agreements increased by 1,000% over a four-year period. In Illinois, he said, similar deals resulted in a 600% increase in sales tax exemption losses from 2022 to 2023. “We’ve noticed in some states that the amount of revenue lost by states has really skyrocketed recently because of the big boom in data center construction right now,” LeRoy said. Last month, the private firm Niagara Falls Redevelopment submitted a Negotiated Planned Development District , also known as a Planned Unit District (PUD), for a proposed $1.5 billion data center campus in the city’s South End. NFR has said that its project would be developed under a partnership with the Toronto-based company Urbacon . The company’s proposal calls for the center to be developed in five phases and to include eight, two-story buildings and one, one-story building covering 1,232,715 square feet of space. At full build-out, NFR says the project would cover about 53 acres of “mostly vacant land” it owns in the area bounded by John B. Daly Boulevard, Falls St., 15th Street, and Buffalo Avenue. Neither NFR nor Urbacon has identified a potential tenant or tenants for the site once it is completed. In press announcements about the project, NFR has claimed the data center would create 5,000 construction jobs and 550 permanent positions while producing a total economic spinoff in excess of $810 million. “The data center at Niagara Digital Campus is real, it is happening, and it will bring jobs and opportunity to the City of Niagara Falls,” said NFR spokesperson James Haggerty in a statement issued in response to questions from the newspaper. “NFR has spent considerable time and expense on this project thus far, and we look forward to continuing our work to bring this development to completion.” But just how realistic are the company’s job projections and economic impact estimates? Kasia Tarczynska , a senior research analyst with Good Jobs First, said it’s not unusual for “hyper-scale” data center projects like the one proposed by NFR to create hundreds of jobs, perhaps even 500 or more. However, she cautioned, it often takes a long time for those data centers to reach such high-end job projections, if they ever do. “Most likely those jobs will be created over several years, if not decades — depending on how many years it will take for the company to do the full buildout,” she said. “And there is a local hiring question: how many of those jobs will go to Niagara Falls residents and if there are enough residents with skills suitable for those jobs.” He noted that several high-profile data centers developed by the likes of high-tech giants like Google and Microsoft have included job projections in the ranges of 200 to 250, making NFR’s permanent job creation number more like an “outlier” that he believes Falls residents should “take with a grain of salt.” NFR has said that the 550 “high-paying, career-building permanent jobs” at its Falls data center would offer annual salaries totaling $29 million. Based on those projections, LeRoy noted that the Falls data center would offer an average salary of $53,000 per job. “That’s an average so the question is what does the distribution look like?” he said. “How many of those are $30,000 security guard jobs versus $80,000 electrical engineering jobs? You are going to have a distribution there but at least that is what your range is.” LeRoy described one of NFR’s other numbers — a projection of 1,700 “ancillary” jobs from the data center — as “facially laughable.” He pointed to a study done by the U.S. Department of Commerce’s Economic Development Administration that suggests, at best, new economic investments produce one to one and a half jobs from every direct job. “It’s just not plausible based on what we know about the ripple effects created by new economic activity,” LeRoy said. “At its most, if you get another job and a half or slightly more than a job and a half on top of the first direct job, that’s about the most you can get. That’s putting an auto plant in a state like Michigan with a lot of auto supplier jobs, for example. This doesn’t have that. You don’t have the big complex inputs upstream. You’ve got electricity. You’ve got services, maintenance and landscaping and security, but saying it’s going to create three more jobs on top of the single direct job? Show me. The literature doesn’t support that at all.” NFR’s spokesperson Haggerty said two other studies — one by the U.S. Chamber of Commerce Technology Engagement Center and the other by the Northern Virginia Technology Council — back up the company’s Falls data center projections which are based on “industry standards for facilities of this size and with this power usage (140 MW), at full build-out.” Haggerty refused to answer the newspaper’s question about how NFR could predict how many permanent jobs would be at the Falls data center since it was the project’s developer, not a tenant that would be offering jobs at the site once construction is completed. “As we are in active discussions with the city over the Negotiated Planned Unit Development submission, we will not be commenting further on the plan or our negotiations. I’m sure the City of Niagara Falls is being equally respectful,” Haggerty said. LeRoy said the biggest question facing the Falls and Niagara County where NFR’s data center plan is concerned should be whether the company intends to seek any incentives. He noted that two of the most common data center subsidies — sales tax exemptions on equipment purchases and credits that reduce taxes paid on utilities — tend to be the most costly for host communities. NFR officials have previously said they do not intend to seek local, state or federal incentives to build their Falls data center. LeRoy said he’d be leery of that claim, especially for a project being pitched in New York where approval of subsidies for projects of this nature are “virtually automatic” because the thresholds for qualifying for them are so low. “We assume that even though the company’s saying they are not going to seek a special deal, based on the incentive code that the state has, which has very low thresholds for qualifying data centers for sales tax exemptions, that they are going claim those exemptions,” he said. “They are not going to pay sales taxes, I assume, on their equipment and fiber-optics and all the guts of the place because they automatically qualify out based on the state code and that would be the biggest state cost probably.” The Falls, with its proximity to the Niagara Power Project in Lewiston , offers ample access to lower-cost electricity, an ingredient coveted by data center developers. If NFR does seek support for its project through the New York Power Authority, LeRoy said it’s important for the community and the state to make sure any incentive agreement offers sufficient return on the public’s investment. “Cheap electricity is a precious commodity and you all are blessed with a lot of it because of hydropower there and it’s not true of very many parts of the United States,” he said. “I would guard that precious commodity and get as much bang for the buck economically as I could and data centers strike me as a poor bargain because they are so energy intensive but so capital intensive and therefore not very labor intensive, that’s the problem.”Gordon Brown declares opposition to assisted dying law
Citigroup Inc. lifted its position in shares of Federal Signal Co. ( NYSE:FSS – Free Report ) by 39.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,664 shares of the conglomerate’s stock after purchasing an additional 23,310 shares during the period. Citigroup Inc. owned about 0.14% of Federal Signal worth $7,726,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Trust N.A. grew its holdings in Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock worth $284,000 after acquiring an additional 216 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the period. Intech Investment Management LLC grew its stake in shares of Federal Signal by 44.4% in the third quarter. Intech Investment Management LLC now owns 32,939 shares of the conglomerate’s stock worth $3,078,000 after purchasing an additional 10,134 shares during the last quarter. Moran Wealth Management LLC increased its holdings in Federal Signal by 4.9% in the third quarter. Moran Wealth Management LLC now owns 43,119 shares of the conglomerate’s stock valued at $4,030,000 after purchasing an additional 2,011 shares during the period. Finally, EULAV Asset Management raised its position in Federal Signal by 15.3% during the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock worth $22,505,000 after purchasing an additional 32,000 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock. Federal Signal Stock Down 0.3 % Federal Signal stock opened at $97.56 on Friday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 28.28 and a beta of 0.95. Federal Signal Co. has a 52-week low of $68.02 and a 52-week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a 50 day moving average price of $90.65 and a two-hundred day moving average price of $89.75. Federal Signal Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. Federal Signal’s payout ratio is currently 13.91%. Wall Street Analyst Weigh In Separately, DA Davidson reduced their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Get Our Latest Stock Analysis on Federal Signal About Federal Signal ( Free Report ) Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment. Featured Stories Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter .366 cases registered, 272 arrests made in Rajshahi in 3 months
Morgan Rogers’ fourth goal of the season, an Ollie Watkins penalty and Matty Cash’s finish put Villa 3-0 up after 34 minutes. Mikkel Damsgaard pulled one back for Brentford in the second half but the damage had been done as Villa ended their eight-match winless run in all competitions. Emery was relieved to end the unwanted streak but quickly turned his attention to the next fixture against Southampton on Saturday. “We broke a spell of bad results we were having,” the Villa boss said. “We started the first five or 10 minutes not in control of the game but then progressively we controlled. “Today we achieved those three points and it has given us confidence again but even like that it’s not enough. We have to keep going and think about the next match against Southampton on Saturday. “The message was try to focus on each match, try to forget the table. How we can recover confidence and feel comfortable at home. Today was a fantastic match.” Tyrone Mings returned to the starting line-up in the Premier League for the first time since August 2023. Emery admitted it has been a long road back for the 31-year-old and is pleased to have him back. He added: “Mings played in the Champions league but it’s the first time in the league for a year and three months. “I think he played fantastic – he might be tired tomorrow but will be ready for Saturday again. “It was very, very long, the injury he had. His comeback is fantastic for him and everybody, for the doctor and physio and now he’s training everyday.” Brentford fell to a sixth away defeat from seven games and have picked up only a solitary point on the road this season. They have the best home record in the league, with 19 points from seven matches, but they have the joint worst away record. Bees boss Thomas Frank is confident form will improve on the road. He said: “On numbers we can’t argue we are better at home than away, but on numbers it’s a coincidence. I think two of the seven away games have been bad. “The other games we performed well in big spells. I’m confident at the end of the season we will have some wins away from home.” Frank felt Villa should not have been given a penalty when Ethan Pinnock brought Watkins down. He added: “I want to argue the penalty. I don’t think it is (one). I think Ollie kicked back and hit Ethan, yes there is an arm on the shoulder but threshold and all that – but that’s not the reason we lost.”GEORGETOWN, Guyana, (CMC) – The Prime Minister of Cooperative Republic of India, Shri Narendra Modi has been bestowed with the Order of Excellence, by President Dr Mohamed Irfaan Ali. Established in 1970 under the Constitution of the Orders of Guyana, the national award is limited to 25 living citizens of Guyana. The honorary ceremony, held earlier this following a cultural display, demonstrated the Government of Guyana’s recognition of Modi’s exceptional leadership in advancing the interests of developing nations on the global stage. “The greatest test of any member of the human family, is to give of their very little when they are most in need. And Prime Minister Modi has fulfilled this test with distinction during the COVID-19 pandemic, when they gifted this region 500,000 vaccines, when India itself was rallying to meet their own needs,” Ali asserted, after bestowing the award. He added that India’s kind gesture protected thousands of Guyanese against the dreaded coronavirus, as Guyana received 80,000 COVID-19 vaccines. Understanding that technology, innovation, and digitisation must not be used to widen the gap among countries, Ali highlighted India’s commitment to championing these solutions for developing nations. Additionally, over the years, Guyana has benefited from strong support, particularly in the areas of training, scholarships, military exchange programmes, concessional loans, and cultural exchanges with India. “In every sphere of national development, we can point to physical, institutional, and systemic support from the government and people of India. And we salute you, Prime Minister Modi, and the people of India,” he stated, adding, “Continue to lead, continue to be bold, continue to demonstrate the type of spine that is required in this very complex global environment.” President Ali said Prime Minister Modi is, and will always be a member of the CARICOM family. After receiving the award, Modi expressed heartfelt gratitude to Ali and his government for the honourable recognition. According to the Indian leader, President Ali has personally contributed to elevating the two nations’ current partnership to greater heights. “Under his leadership, we are continuously moving forward in every direction. Even in today’s discussions, I felt his affection and respect for the people of India,” he said, noting the similarities between India and Guyana, which further deepen historical and cultural relations. The Indian prime minister also reaffirmed his commitment to further advancing cooperation and partnership. Modi was invited to a vibrant display where Guyana’s diverse and unique cultural fabric was showcased. The prime minister is currently on a three-day state visit to Guyana, marking a significant milestone for both countries.