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Construction of the new, nine-storey Trinity Tower is well underway at the former site of the Holy Trinity Anglican Church on Northern Avenue — and now, it has all of the loans in place in order to get the $35-million project done. On Friday, Sault Ste. Marie MP Terry Sheehan visited the site to announce $34 million in low-interest, repayable loans and $1.3 million in forgivable loans from the federal government through the Affordable Housing Fund, in addition to $70,000 in funding from the Canada Mortgage and Housing Corporation. “It’s projects here in Sault Ste. Marie that are getting attention — they want to replicate this made-in-Sault Ste. Marie solution that you guys all developed, and I was proud to champion it in Ottawa,” Sheehan told a room full of project stakeholders at a neighbouring building next to the construction site. “Not only are you doing something very special here for your church — for your congregation, for the community that is so needing affordable housing — you’re doing it for the country.” Operated by the Cara Community Corporation, Trinity Tower will house 108 rental units, which includes 33 affordable housing units for seniors. The building will include a chapel on the ground floor, in addition to commercial spaces for offices, food, services, and retail. The project is being funded through a 50-50 partnership between Cara Community Corporation and SalDan Developments Ltd., which has leveraged a number of private investors. Cara Community Corporations President Geoffrey Meakin says the project has been five years in the making. “I want to thank you all for organizing this day, for organizing five years of effort — and for being a team,” said Meakin. “No single person wins the game. It’s the team that wins the game.” Trinity Tower is also receiving three years of tax relief from the City of Sault Ste. Marie in order to spur on the expansion of the city’s housing supply. “Today, we are here to celebrate a project that really exemplifies the efforts of all the parties involved to meet the community’s need for more housing, while meeting the objectives of places like Cara Community that want to house people, house them affordably, and want to provide a place of worship for those that have worshipped on these lands for many, many decades,” said Sault Ste. Marie Mayor Matthew Shoemaker. Construction is expected to be completed by the winter of 2026.
Mumbai: The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday. An article on the ‘State of the Economy’ in the December bulletin noted that the global economy continues to exhibit resilience with steady growth and moderating inflation. “High frequency indicators (HFIs) for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed in Q2, driven by strong festival activity and a sustained upswing in rural demand,” it said. The article further said the growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand. “Supported by record level foodgrains production, rural demand, in particular, is gaining momentum. Sustained government spending on infrastructure is expected to further stimulate economic activity and investment,” the authors said. Global headwinds, however, pose risks to the evolving outlook for growth and inflation, said the article authored by a team led by RBI Deputy Governor Michael Debabrata Patra. India’s GDP growth slowed to a seven-quarter low of 5.4 per cent during the July-September period of the current fiscal year. The article said that from the expenditure side, the major factor contributing to the decline in the growth rate of the economy is fixed capital formation and from the production side, the main concern is manufacturing. “Undermining both is inflation. The erosion of purchasing power due to repeated inflation shocks and persisting price pressures is starkly reflected in weakening sales growth of listed non-financial nongovernment corporations,” it said. Their outlook on demand conditions also remains subdued as no let-up in the incidence of price shocks seems to be in sight; they will increasingly be inclined to pass on input costs to selling prices. Consequently, there is no robust capacity creation by investing in fixed assets. Instead, corporations are churning and utilising existing capacity to meet the inflation-dented consumer demand, the article said. “The result is lacklustre private investment. The slowdown in consumer demand seems to be associated with slower corporate wage growth,” it said. The authors further said another headwind emerging is the slowing rate of nominal GDP growth, which could hinder fiscal spending, including on capex, to achieve budgetary deficit and debt targets. The article also noted that as per the projections based on the in-house Dynamic Stochastic General Equilibrium (DSGE), real GDP growth is likely to recover to 6.8 per cent and 6.5 per cent in Q3 and Q4 of 2024-25, respectively. Growth for 2025-26 is projected at 6.7 per cent while headline CPI inflation (retail) is projected to average 3.8 per cent in 2025-26. In the December monetary policy, the RBI had projected the GDP growth for 2024-25 at 6.6 per cent with Q3 at 6.8 per cent; and Q4 at 7.2 per cent. GDP growth for the April quarter of 2025-26 was projected at 6.9 per cent; and Q2 at 7.3 per cent. The RBI said the views expressed in the bulletin are of the authors and do not represent the views of the central bank.ROAD TOWN, British Virgin Islands, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Wilder World , currently ranked as the 9th most wish-listed game on the Epic Games Store, has unveiled its gameplay trailer, which shows the future of the metaverse. The visuals showcase impressive detail, complemented by gameplay designed to immerse players in a realistic and cinematic experience. Featuring high-speed racing, dramatic FPS combat, social interactions, and more, the trailer presents Wilder World as a notable upcoming title in the gaming landscape for 2025. Interested users can watch the new Wilder World gameplay trailer here: https://www.youtube.com/embed/7G8SwYp6gPo (embedded video) Wilder World: Official Gameplay Trailer - The Metaverse This innovative platform empowers creators and players alike to shape their realities and own their digital futures. Powered by AI, blockchain, and NFTs, Wilder World delivers a player-driven economy and opportunities to build, explore, and potentially earn. The advanced tech stack behind Wilder World leverages state-of-the-art technology, offering a seamless player experience where Web3 elements are fully abstracted. For non-Web3 native gamers, on-chain processes are completely invisible, delivering an experience comparable to traditional gaming. Additionally, Wilder World is preparing to launch its own blockchain built on the Polygon CDK, positioning it as a key gaming and metaverse project within the Polygon ecosystem. With its official super early access launch set for Q1 2025, Wilder World gives players full economic control via its on-chain marketplace, NFTs, and the $WILD token. The Wilder World Early Access registration is open now at https://www.wilderworld.com/earlyaccess . Wiami is calling Wilder World's Wiami, a city 13.5 times larger than GTA 5, offers gaming, social events, and more. Its NFT-driven economy allows players to trade and own in-game assets like avatars, cars, and land through the Wilder World Metaverse Market (WWMM). Players can co-create, customize, and build experiences, enabling endless opportunities for participation and innovation. "At the core of Wilder World's vision is the belief that players – the Wilders – should be the true architects of their digital universe. Wilder World will empower creators to shape their realities today while building meaningful, lasting legacies in a limitless, interconnected metaverse." - n3o, Wilder World Executive Producer. Fueling these experiences is Wilder World's $WILD token, which drives all gameplay and in-world transactions. Players gain and spend $WILD in racing (for fuel, repairs, and parts), combat (for weapons and ammo), and mining (for rigs and upgrades). Exploring Wiami means stepping into a fully integrated ecosystem where Wilders are the architects of their adventures. Wilder World's 110+ team features industry veterans like Procedural Generation Leads Michael Pryor (prev. Nike, CDO at DesignMorphine), Oleg Soroko (After Form), Lead Concept Artist Brandon Gobey (prev. DNEG, worked on Dune, Bladerunner, and more), and BAFTA winner Jon Reilly (worked on The Witcher, The Avengers, and more) as Lead Character Artist. Sim-Racing legends Aristotelis Vasilakos (prev. Assetto Corsa) and Marcus Reynolds (prev. Simbin) lead vehicle handling, while Chris Kochan (prev. Apple) directs the production. Partnerships and Industry Backing Wilder World is supported and backed by major industry players. The global distribution partnership with Samsung aims to bring the immersive Metaverse experience to millions through the integration of Wilder World on Samsung's Smart TVs and Gaming Hub. This collaboration allows users to access, trade, and interact with Wilder World assets directly via Samsung TVs. The partnership marks a major milestone in making Wilder World accessible globally. Wilder World partnered with Polygon and Celestia to enhance the scalability and accessibility of its virtual ecosystem. This collaboration ensures gasless transactions and a strong infrastructure for Wilder World's ecosystem, enabling millions of players to engage with on-chain gameplay experiences. "Wilder World isn't just a game—it's the beginning of a new digital era where players truly own, create, and shape their experiences. This is the metaverse we've all been building toward, and it's incredible to see it come to life." - Sandeep Nailwal, Polygon Co-Founder. Furthermore, Wilder World partnered with NVIDIA as the first Web3 game on GeForce Now (GFN), and Epic Games, where it ranks among the top 10 most anticipated games globally. About Wilder World Launched in 2021, Wilder World is an AAA metaverse that blends photorealistic graphics, AI-driven systems, and blockchain technology. Spanning a map 13.5x larger than GTA5, it features a player-driven economy, immersive gameplay, and partnerships with leaders like Samsung, NVIDIA, and Epic Games. Wilder World is redefining what it means to explore, create, and thrive in the Metaverse. Website | X | Telegram | Discord Contact Partner Monica Botez Innovion monica@innovion.co Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1cd89a49-3cc8-4ba6-ba1d-792b57c110d3 https://www.globenewswire.com/NewsRoom/AttachmentNg/5a4cd8e2-7722-4b3f-884b-d7197ce14713 https://www.globenewswire.com/NewsRoom/AttachmentNg/02af6ab9-ddba-48e6-b9f9-7a4abae97302 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Texans get visit from longtime foe Derrick Henry when the Ravens visit on Christmas DaySINGAPORE: The surprise firing of two Hong Kong ministers on Thursday (Dec 6) was a “strategic” and “administrative” decision long in the making, sources and experts told CNA. The move could ultimately help the city bolster its lucrative tourism sector’s recovery, though challenges remain, they add. Hong Kong, once a leading tourism hub, has been trying to lure visitors back after gradually reopening its borders in 2022. Chief Executive John Lee may not have addressed specific mistakes that might have led to the dismissals of Mr Kevin Yeung Yun-hung and Mr Lam Chi-ting but it is timely to note several missteps and controversies that had been allowed to happen under their watch, sources and industry watchers told CNA. A long-time bureaucrat who joined Hong Kong’s civil service back in 1992, Mr Yeung Yun-hung’s two-and-a-half-year tenure was marred by controversies, notably earlier this year when Argentine football superstar Lionel Messi failed to appear in a much-anticipated and advertised match between Inter Miami and a city select team. The Messi aftermath played out in Hong Kong for days , sparking a public uproar and raising questions about the government’s ability to handle major sporting events. Experts said the mishap served to highlight Mr Yeung’s “incompetence” in the eyes of Mr Lee and was likely to have played a part in his dismissal. He had also been criticised for delays in submitting a major development blueprint for Hong Kong’s creative industries, a fumbling that was singled out by Mr Lee during a keynote policy address in October. As Secretary for Transport and Logistics, Mr Lam, also a trained civil engineer, had been criticised harshly for poorly overseeing a HK$141.5 billion (US$18.2 billion) third-runway project at Hong Kong International Airport. “Lam doesn’t understand transport and Yeung has been incapable since day one,” said an insider from the tourism sector, speaking to CNA on the condition of anonymity. Associate Professor Alfred Wu from Singapore’s Lee Kuan Yew School of Public Policy said Mr Lee openly criticised Mr Yeung’s delays in submitting the creative industries blueprint, which was a “very clear signal” of discontent. But at the same time, Assoc Prof Wu also cautioned reading too much into the potentially political nature of the recent dismissals, highlighting the “increasingly opaque” nature of Hong Kong’s political landscape. “Sometimes it's very difficult (to read),” Assoc Prof Wu said, also suggesting that political trajectories in Hong Kong were known to shift. Dismissing and replacing cabinet members is not a new phenomenon in Hong Kong, he added. “Replacement is not a strange thing or something that suddenly happens,” Assoc Prof Wu said, also noting that former Chief Executive Carrie Lam “did the same thing” and that these were changes that could be expected to “occur in the midterm”. During Ms Lam’s tenure, six ministers were either removed or resigned in a major reshuffle with Ms Lam describing herself as the “chief executive who replaced the most officials”. The Political Appointments System, introduced by former Chief Executive Tung Chee-hwa in 2002, marked a shift toward greater political accountability, as appointees were expected to shoulder responsibility for policy outcomes. Since its inception, 14 ministers, have resigned or been dismissed. Mr Yeung and Mr Lam are the first sackings since Mr Lee was appointed in 2022. Assoc Prof Wu believes that their dismissals were more of a strategic and “administrative” decision. “Fundamentally, Hong Kong is not a city-state where one person makes the final decision. There are quite a lot of actors,” he said, adding that he thought Mr Lee was being “smart in how he navigated this”. PRIORITISING TOURISM Hong Kong’s once-lucrative tourism sector has struggled to recover from losing visitors due to fallback from pro-democracy protests and later, the COVID-19 pandemic. Visitor numbers reached 34 million last year, only 52 per cent of its total in 2018. However, the city did recently manage to reclaim its spot as Asia’s top financial centre and climbed to fifth in the Global Financial Centres Index. It also reached another significant milestone in its tourism recovery: Welcoming one million Filipino visitors for 2024. "Tourism models have changed post-pandemic," Mr Lam Chi-ting, Vice Chairman of the Hong Kong Federation of Trade Unions’ travel committee, told CNA. "Attracting visitors now requires new strategies, creating immense stress for those in charge." A telling sign of this was also made by Mr Lee during his press conference on Dec 5, in which he highlighted Hong Kong’s evolving position on the global stage which necessitated strong leadership. “I want to recover the time. I want to chase back the results and time and I see the strengths of the two newly appointed secretaries,” Mr Lee said of newly appointed cabinet faces, Ms Rosanna Law Shuk-pui, former permanent secretary for housing and Ms Mable Chan, who served as the permanent secretary for transport and logistics. “They will be assisting me more to realise my goal of ensuring results and also doing as much work as possible in the coming years,” Mr Lee said. “Two and a half years is a long time and I do think that we can make the best use of this period to create the best result... for the people of Hong Kong so we can all reap the benefits of our economic development and also other policy measures.” CHALLENGES REMAIN But while the reshuffle might have been very likely driven by the need for Hong Kong’s government to cultivate a more effective tourism strategy, challenges like interdepartmental coordination still remain unresolved. Despite the optimism of some, experts remain sceptical about whether the reshuffle could really address the root issues in holding back Hong Kong tourist arrival figures and ultimately, economic recovery. “Coordination is the root problem in Hong Kong’s government,” said the industry insider. “Policies often clash, such as safety regulations leading to the demolition of tourist-attracting neon signage. This bureaucratic rigidity hampers progress.” Newly appointed Ms Law, often praised for her pragmatic approach, has over three decades of government service and takes charge amid renewed efforts to enhance the image of Hong Kong’s reputation as a tourist destination. “She understands the industry and is straightforward, not one for vague statements,” Mr Lam said, adding that her experience in the Tourism Bureau would prove valuable. But industry experts emphasised the need for Hong Kong’s new leaders to look beyond visitor numbers. As efforts like a multiple-entry Individual Visit Scheme for Shenzhen permanent residents are launched, the question remains whether Mr Lee’s revamped line-up can successfully harmonise efforts across departments to create a seamless experience for visitors. The tourism insider who declined to be named highlighted the potential for Hong Kong’s tourism to thrive if data could be analysed separately from mainland visitors. Visitors from the Chinese mainland have been the driving force behind Hong Kong’s tourist arrivals, accounting for nearly 80 per cent of yearly visitor numbers since the Individual Visit Scheme launched in 2003, according to statistics by the Hong Kong Tourism Board. “There should be good KPIs to measure performance, such as the impact of mega events or the number of overseas visitors—not mainland visitors, as they belong to the same country,” said the insider.Too early to celebrate – Arne Slot keeps leaders Liverpool focused
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All Blacks v Italy Kick-off: 9.10am Sunday 24 November Allianz Stadium, Turin Live blog updates on RNZ Sport This is it, the last test of the season for Scott Robertson's All Blacks. So far it's been nine wins and four losses, the form guide suggests this one will end in a comfortable victory. The magnificent Allianz Stadium in Turin is the venue for the match, while the All Blacks have played in quite a few Italian cities over the years, this will be the first time they have visited the northern city most well known for being the home of the country's automotive industry and Juventus football club. Allianz is the home ground of Juventus, the All Blacks have been doing a bit of promo work with them this week given their shared sponsorship with adidas. It's shaping up to be a cold night in Turin, with snow falling during the week and the temperature expected to be below freezing at kick-off. This will be the last time on the park as All Blacks for both Sam Cane and TJ Perenara, both men bow out having played 105 and 89 tests respectively. Here's a look at the teams: All Blacks: 1. Ethan de Groot 2. Codie Taylor 3. Tyrel Lomax 4. Scott Barrett (c) 5. Patrick Tuipulotu 6. Wallace Sititi 7. Sam Cane 8. Ardie Savea 9. Cam Roigard 10. Beauden Barrett 11. Caleb Clarke 12. Anton Lienert-Brown 13. Rieko Ioane 14. Mark Tele'a 15. Will Jordan Bench: 16. Asafo Aumua 17. Ofa Tu'ungafasi 18. Fletcher Newell 19. Tupou Vaa'i 20. Peter Lakai 21. TJ Perenara 22. David Havili 23. Damian McKenzie Italy: 1. Danilo Fischetti 2. Gianmarco Lucchesi 3. Marco Riccioni 4. Federico Ruzza 5. Dino Lamb 6. Sebastian Negri 7. Manuel Zuliani 8. Ross Vintcent 9. Martin Page-Relo 10. Paolo Garbisi 11. Monty Ioane 12. Tommaso Menoncello 13. Juan Ignacio Brex (c) 14. Jacopo Trulla 15. Ange Capuozzo Bench: 16 Giacomo Nicotera, 17 Mirco Spagnolo 18 Simone Ferrari, 19 Niccolò Cannone, 20 Alessandro Izekor, 21 Alessandro Garbisi, 22 Leonardo Marin 23 Marco Zanon All Blacks selections: This is a very stacked All Blacks team, surprisingly so considering this is the last game of the tour and more than a few of these players are due for a rest. Ethan de Groot returns after being in the dog box for an off-field indiscretion, but the real reason he's back is because Tamaiti Williams is injured. Patrick Tuipulotu gets a start ahead of Tupou Vaa'i, while Cane returns to openside and in the backs Anton Lienert-Brown comes in for the injured Jordie Barrett. Peter Lakai retains his bench spot to back up the loosies, while David Havili gets his first run since the win over Japan. This selection really says a lot about how keen Robertson is to win and put on a good performance, however it's meant some of his squad members have seen very little game time on this tour. Italy selections: The big change for the Italians after their 2017 win over Georgia last weekend is the return of Ange Capuozzo. The young fullback is their best attacking weapon. Sebastian Negri is a hard ball carrier, but the real test will be on the tight five against a very well performed All Black set piece. Elsewhere Martin Page-Relo takes over at halfback inside Paolo Garbisi, if Italy get any sort of front foot ball it'll be up to them to make something happen. What they're saying: "The guys were desperately disappointed last week. We created so much, and the French just took a few opportunities - the game changed and we had our chances which we didn't take. We wanted to come up here and sweep the north. The margins are small, now we get a chance to finish properly." - All Blacks coach Scott Robertson. "We just want to end the year how we started. A win would be awesome but we're focused on the performance, that comes from a great week's preparation." - All Blacks centre Rieko Ioane. The last time they met: The score ended All Blacks 96 - 17 Italy the last time the sides faced off, at the 2023 Rugby World Cup. It seems crazy to think there were genuine fears that Italy would cause an upset and send the All Blacks tumbling out of last year's World Cup. All of that was answered in brutal fashion as they handed out a trademark All Black backlash, running in 12 tries and almost racking up a century. It says a lot that this wasn't even the record-winning score line between the two sides. What is going to happen: This will be one way traffic, unless the Italians can do what they did in 2010 and simply try to spoil everything so that the All Blacks can't string enough phases together. Even then, there is so much talent in this side it's likely that a negative gameplan will be overturned by set piece dominance. The main issue is likely to be the weather. It's been a while since the All Blacks have played in snow, and the conditions may affect what they want to do with the ball. This is the last test of the season, but also the last one for a couple of serious servants to the black jersey. Both Cane and Perenara will walk off the field having completed long and successful careers, so the motivation is there for their team mates to make sure it is a comfortable victory.Authorities in Pakistan launch operation to clear Khan supporters from capitalThe former Geordie Shore star, who is nearly eight months pregnant, thanked a security company “for all the hard work this week” after adding the protections to her home. “Trebling our security measures, worth every penny to feel safe again in my own home,” the 34-year-old said in a post to her Instagram story. “Scumbags are gunna get a big shock the next time they even step foot on any perimeter of my land.” It comes after her fiance, Jake Ankers, said on social media that a group of men carrying a machete entered their home on Thursday evening while they were in the house with their two-year-old daughter. The businessman said one of the four men “had a red balaclava on” and was carrying the weapon at the top of the stairs. Durham Constabulary were alerted at 7pm on Thursday to reports of an aggravated burglary in Houghton-le-Spring, a town in the Sunderland area. A spokeswoman for the force said: “Officers attended the area, however the suspects left the scene before their arrival. “Nobody was injured in the incident and no items are believed to have been taken.” She added that an investigation is under way and anyone with information is asked to contact police. After the incident, Crosby was admitted to hospital after experiencing “serious pains” in her stomach, but confirmed her baby is “all fine”. Ankers appeared with the reality star on BBC Three reality show Charlotte In Sunderland. Crosby is best known for appearing in the MTV reality series Geordie Shore and winning the 12th series of Celebrity Big Brother in 2013. She and Ankers got engaged in October 2023 after she gave birth to their first child in 2022.
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