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It comes almost exactly one year after the Los Angeles Dodgers forked out a princely sum of $700 million on a 10-year, heavily deferred deal for two-way Japanese superstar Shohei Ohtani. They are believed to be the two richest contracts in pro sports history. The way it's going, a contract approaching $1 billion doesn't seem out of the question. But several factors are working against it — at least in the near future. There's reason to believe the megadeals for Ohtani and Soto are unicorns in the baseball world. Both players are uniquely talented, surely, but both also had unusual circumstances propelling their value into the stratosphere. Ohtani is the greatest two-way player in baseball history, capable of improving any team on both sides of the ball. He's also the rare baseball player who has true international appeal. His every move ( like his unexpected marriage announcement ) is followed closely in his native Japan, adding another 125 million potential fans who buy merchandise, watch him play and help fill the Dodgers' coffers. Then there's Soto — a four-time All-Star and on-base machine who won a World Series with the Washington Nationals in 2019. The X-factor for him is he became a free agent at the prime age of 26, which is extremely hard to do under current MLB rules. Players have to be in the big leagues for six years before testing free agency. The precocious Soto debuted at 19 with the Nats, making him part of a rare group of players who reached the highest level of professional baseball as a teenager. That accelerated his free agency timeline. It's rare for players to debut that young, and rarer still for them to develop into stars and test the open market the first chance they get. Two recent examples are Manny Machado and Bryce Harper, who both reached free agency in 2019. Machado signed a free-agent record $300 million contract with San Diego, and Harper overtook him days later with a $330 million contract to join the Phillies. Most players debut in the big leagues from ages 22 to 26, which means free agency comes in their late 20s or early 30s. A typical example is Yankees slugger Aaron Judge, who is one of this generation's great players but didn't hit the market until he was 30. Judge played three seasons of college baseball for Fresno State before getting drafted by the Yankees in 2013 at age 21 — already two years older than Soto was when he made his MLB debut. It took a few years for the budding superstar to reach the majors, and he was 25 when he had his breakout season in 2018, smashing 52 homers to earn AL Rookie of the Year honors. By the time he reached free agency after the 2022 season, he had already passed age 30. It's a major factor that led to him signing a $360 million, nine-year deal with the Yankees, which seems downright reasonable these days after the Ohtani and Soto deals. Two major trends are colliding that will make it harder for guys like Soto to hit free agency in their mid 20s. First, MLB teams have been more likely in recent years to take college players early in the draft, betting on more experienced talents. Just 10 high school players were drafted among the top 30 picks in the 2024 draft. Second, teams are more eager to lock up young, premium talent on long-term deals very early in their careers, well before they hit free agency. Sometimes before they even reach the majors. Since Soto, just two players have debuted in MLB before their 20th birthday — Elvis Luciano and Junior Caminero. Luciano hasn't been back to the majors since his 2019 cup of coffee. Caminero is now 21 and has only played in 50 big league games. Among those that debuted at 20: Fernando Tatis Jr. signed a $340 million, 14-year deal with San Diego in 2021, years before reaching the open market. Milwaukee's Jackson Chourio got an $82 million, eight-year deal before even reaching the big leagues. Young stars Corbin Carroll ($111 million, eight years with Arizona), Bobby Witt Jr. ($288 million, 11 years with Kansas City) and Julio Rodriguez ($209.3 million, 12 years with Seattle) also got massive guarantees early in their 20s to forgo an early free agency. The exception and wild card: Blue Jays slugger Vladimir Guerrero Jr. will be a 26-year-old free agent next offseason. Guerrero hasn't been as consistent in his young career as Soto, but a standout 2025 season could position him to threaten Soto's deal. More likely is that the player to pass Soto isn't in the majors yet — and might not even be in pro baseball. When 25-year-old Alex Rodriguez signed his record $252 million, 10-year deal with Texas in 2001, it took over a decade for another player to match that total, when Albert Pujols got $240 million over 10 years from the Angels in 2012. For many players, passing up life-changing money in their early or mid 20s is too enticing, even if it means that they might not maximize their value on the free agent market later in their careers. Soto was determined to test the market. He famously turned down a $440 million, 15-year offer to stay with the Washington Nationals in 2022, betting that he could make even more as a free agent. Not many players would turn down that kind of cash. Then again, that's what makes Soto so unique. And it's also why his $765 million deal could be the industry standard for some time.Srinagar, Dec 26 (PTI) Political leaders in Jammu and Kashmir cutting across party lines Thursday condoled the death of former Prime Minister Manmohan Singh and lauded his humility and his standing as an economist and statesman. "Very sorry to hear about the demise of former PM Dr Manmohan Singh. I had many occasions to interact & learn from him. He was truly an intellectual giant, an accomplished economist but above all he was a thorough gentleman, a giant among pygmies. India has lost a great son with his passing. Rest in peace sir & thank you for everything," Jammu and Kashmir Chief Minister Omar Abdullah said on X. Also Read | Dr Manmohan Singh Passes Away: Remembering India's Visionary Leader Who Transformed Nation's Economy, Check Key Highlights From His Career. In a statement, the National Conference (NC) said party president Farooq Abdullah and vice president Omar Abdullah have expressed profound grief over the demise of the former prime minister. "They hailed Dr. Singh's immense contributions to India, remembering him as a statesman, economist, and a pillar of integrity who led the nation with wisdom and humility," the NC said. Also Read | Dr Manmohan Singh Passes Away at 92: PM Narendra Modi Condoles Demise of Legendary Economist and Former Prime Minister, Says 'India Mourns the Loss of One of Its Most Distinguished Leaders'. Conveying condolences to the bereaved family, they prayed for eternal peace to the departed soul and strength to his loved ones in this hour of loss, the party said. Former chief minister and PDP president Mehbooba Mufti said Singh worked tirelessly to advance the peace process and usher in a new era of development in J-K. "I had the privilege of meeting Dr. Manmohan Singh & I am certain that he was one of the most humble and gentle souls I've encountered - an extremely rare trait in politicians today. His humility & kindness were evident even during his double tenure as prime minister when he would personally return calls," Mufti said in a post on X. She said Singh was a man of few words whose welfare schemes brought relief to millions of Indians cutting across caste, creed and religion. Another ex-chief minister and Singh's former cabinet colleague Ghulam Nabi Azad said he was deeply saddened by Singh's demise. "Deeply saddened by the passing of Dr. Manmohan Singh ji, a visionary leader and one of India's most respected statesmen. As someone who had the privilege of serving in his cabinet twice, I witnessed firsthand his extraordinary humility, wisdom, and grace," Azad said. He said Singh empowered his teams to function with independence and trust, fostering an environment of collaboration and excellence. "He provided India with much-needed economic leadership, global recognition, stability, and unity during challenging times," the former Union minister said. Azad said the former prime minister's contributions as an economist and statesman will forever be etched in the history of a rising India. "Dr. Manmohan Singh's legacy is one of transformative leadership, inspiring countless individuals across generations. My heartfelt condolences to his family and loved ones," he added. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)
THE HAGUE — The world's top war-crimes court issued arrest warrants Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas' military chief, accusing them of crimes against humanity in connection with the 13-month war in Gaza. The warrants said there was reason to believe Netanyahu and former Defense Minister Yoav Gallant have used "starvation as a method of warfare" by restricting humanitarian aid and have intentionally targeted civilians in Israel's campaign against Hamas in Gaza — charges Israeli officials deny. The action by the International Criminal Court came as the death toll from Israel's campaign in Gaza passed 44,000 people, according to local health authorities, who say more than half of those killed were women and children. Their count does not differentiate between civilians and combatants. Experts say hunger has become widespread across Gaza and may have reached famine levels in the north of the territory, which is under siege by Israeli troops. Israel says it has been working hard to improve entry of aid, though the trickle of supplies into Gaza remains near the lowest levels of the war. Netanyahu condemned the warrant against him, saying Israel "rejects with disgust the absurd and false actions" by the court. In a statement released by his office, he said: "There is nothing more just than the war that Israel has been waging in Gaza." Gallant, in a statement, said the decision "sets a dangerous precedent against the right to self-defense and moral warfare and encourages murderous terrorism." The warrant marked the first time that a sitting leader of a major Western ally has been accused of war crimes and crimes against humanity by a global court of justice. The decision turns Netanyahu and the others into internationally wanted suspects, putting them at risk of arrest when they travel abroad and potentially further isolating them. Israel and its top ally, the United States, are not members of the court. But others of Israel's allies, including some of its close European friends, are put in an awkward position. Several, including France, welcomed the court's decision and signaled they might arrest Netanyahu if he visited. The move "represents the most dramatic step yet in the court's involvement in the conflict between Israel and Hamas," said Anthony Dworkin, senior policy fellow at the European Council on Foreign Relations. Israeli leaders, politicians and officials across the spectrum denounced the warrants and the ICC. The new defense minister, Israel Katz, who replaced Gallant earlier this month, said Thursday's decision is "a moral disgrace, entirely tainted by antisemitism, and drags the international judicial system to an unprecedented low." Human rights groups applauded the move. The warrants against both sides "break through the perception that certain individuals are beyond the reach of the law," the associate international justice director at Human Rights Watch, Balkees Jarrah, said in a statement. The decision came six months after ICC Chief Prosecutor Karim Khan requested the warrants. The court issued a warrant for Mohammed Deif, head of Hamas' armed wing, over the Oct. 7, 2023, attacks that triggered Israel's offensive in Gaza. It said it found reasonable grounds to believe Deif was involved in murder, rape, torture and the taking of hostages amounting to war crimes and crimes against humanity. In the Hamas-led attack, militants stormed into southern Israel, killing 1,200 people — mostly civilians — and taking some 250 others hostage. Around 100 Israelis remain captive in Gaza, around a third of them believed to be dead. Khan withdrew requests for warrants for two other senior Hamas figures, Yahya Sinwar and Ismail Haniyeh, who have both since been killed. Israel says it also killed Deif in an airstrike, but Hamas has never confirmed his death. The warrants for Netanyahu and Gallant were issued by a three-judge panel in a unanimous decision. The panel said there were reasonable grounds to believe that both men bear responsibility for the war crime of starvation and the crimes against humanity of murder, persecution and other inhumane acts. The judges said the lack of food, water, electricity, fuel and specific medical supplies created conditions "calculated to bring about the destruction of part of the civilian population in Gaza," including the deaths of children due to malnutrition and dehydration. They also found that by preventing hospital supplies and medicine from getting into Gaza, doctors were forced to operate, including performing amputations, without anesthesia or with unsafe means of sedation that led to "great suffering." Israeli diplomatic officials said the government is lobbying the international community to speak out against the warrants and is considering an appeal to the court. The officials spoke on condition of anonymity pending a formal decision on how the government will proceed. Despite the warrants, none of the suspects is likely to face judges in The Hague anytime soon. Member countries are required to detain suspects facing a warrant if they set foot on their soil, but the court has no way to enforce that. For example, Russian President Vladimir Putin, wanted on an ICC warrant for alleged war crimes in Ukraine, recently visited Mongolia, a member state in the court but also a Russian ally. He was not arrested. Still, the threat of arrest now complicates any travel abroad by Netanyahu and Gallant. EU foreign policy chief Josep Borrell said the warrants are binding on all 27 members countries of the European Union. France signaled it could arrest Netanyahu if he came to its territory. Foreign Ministry spokesman Christophe Lemoine called it a "complex legal issue" but said France supports the court's actions. "Combating impunity is our priority," he said. "Our response will align with these principles." Hamas in a statement welcomed the warrants against Netanyahu and Gallant but made no mention of the one against Deif. Israel's opposition leaders fiercely criticized the ICC's move. Benny Gantz, a retired general and political rival to Netanyahu, said it showed "moral blindness" and was a "shameful stain of historic proportion that will never be forgotten." Israel's campaign has caused heavy destruction across Gaza and driven almost the entire population of 2.3 million people from their homes, leaving most dependent on aid to survive. Two days after Hamas' attack on southern Israel, Gallant announced a total seal on Gaza, vowing not to let in food, fuel or other supplies. Under U.S. pressure, Israel began allowing a trickle of humanitarian aid to enter a few weeks later. Israel now says it puts no limit on the supplies permitted into Gaza, and it blames the U.N. distribution system. But Israel's official figures show the amount of aid it has let in has plunged since the beginning of October. The U.N has blamed Israeli military restrictions, along with widespread lawlessness that has led to theft of aid shipments. The case at the ICC is separate from another legal battle Israel is waging at the top U.N. court, the International Court of Justice, in which South Africa accuses Israel of genocide, an allegation Israeli leaders staunchly deny. Lawyers for Israel argued in court that the war in Gaza was a legitimate defense of its people and that it was Hamas militants who were guilty of genocide.
Andy Murray to make shock tennis return as Novak Djokovic’s coach at Grand SlamDELAND, Fla. (AP) — Luke Bailey threw for 204 yards and three touchdowns with only five incompletions and Drake eased by Stetson 49-10 on Saturday to secure a second straight outright Pioneer Football League title. Davion Cherwin rushed for 161 yards on 11 carries and scored two times for Drake. Jun Ahn and Luke Woodson also had rushing scores. Cherwin scored a 91-yard touchdown, the longest run in the PFL this season, to make it 21-7 early in the second quarter. Kemani Wilson made a diving interception at the Drake 25-yard line with just over two minutes left in the first half and seven plays later, Bailey found Hunter Johnson for a 24-yard touchdown to make it 28-10 at halftime. Drake defensive lineman Finn Claypool forced a fumble on the third play of the second half and his teammate recovered it. Then Bailey lofted a pass to Jaxon Laminack for a touchdown and a 35-10 lead. Drake (8-2, 7-1) was coming off a 29-20 loss to Morehead State to end a 17-game PFL winning streak — the longest active conference winning streak in the FCS. Stetson (2-9, 0-7) quarterback Brady Meitz was intercepted three times and Matt O’Connor had one of his four pass attempts intercepted. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballNEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin, gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. 1998 Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. 57 The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. 1,508 That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world. The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. $100,000 The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. 26.7% Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. $420 It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share. Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. $91.2 billion That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. 74% GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze “ in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October. 1.6%, 3.0% and 3.1% That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. 20.1% This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. 3.73 million That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.Middle East latest: WHO chief says he was at Yemen airport as Israeli bombs fell nearby
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GEELONG, Australia, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the "Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced that the Company has received a notification letter (the "Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq”) indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the "Annual Report”). The Letter has no immediate effect on the listing or trading of the Company's ordinary shares or warrants on Nasdaq. The Letter stated that, under Nasdaq rules, the Company has until 60 calendar days after receipt of the Letter, which is January 21, 2025, to submit a plan to regain compliance, and that if a plan is submitted and accepted, Nasdaq could grant the Company an exception of up to 180 calendar days from the filing's due date, or until May 14, 2025, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The Company continues to work diligently to file its Annual Report as promptly as practical to regain compliance with Nasdaq Listing Rule 5250(c)(1). About Carbon Revolution plc Carbon Revolution plc (Nasdaq: CREV) (the "Company” or "Carbon Revolution”) is the parent of Carbon Revolution Pty Ltd, an early-stage growth company which has successfully innovated, commercialized and industrialized the advanced manufacture of carbon fiber wheels for the global automotive industry. The Company has progressed from single prototypes to designing and manufacturing lightweight wheels for cars and SUVs in the high performance, premium and luxury segments, for the world's most prestigious automotive brands. Carbon Revolution is creating a significant and sustainable advanced technology business that supplies its lightweight wheel technology to automotive manufacturers around the world. For more information, visit carbonrev.com Forward Looking Statements All statements other than statements of historical facts contained in this communication are forward-looking statements. Forward-looking statements may generally be identified by the use of words such as "believe,” "may,” "will,” "estimate,” "continue,” "anticipate,” "intend,” "expect,” "should,” "would,” "plan,” "project,” "forecast,” "predict,” "potential,” "seem,” "seek,” "future,” "outlook,” "target” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the expectation of continued listing of Carbon Revolution's ordinary shares and warrants on Nasdaq, the Company's ability to file its Annual Report and promptly regain compliance with Nasdaq Listing Rule 5250(c)(1), the future financial performance, business strategies, financings and expectations for the Company's business. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Carbon Revolution's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from such assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Carbon Revolution. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the ability to maintain the listing of Carbon Revolution's securities on Nasdaq or any other exchange on which such securities may be listed in the future; (ii) the failure to realize the benefits of being listed on a U.S. securities exchange and publicly-traded in the United States; (iii) Carbon Revolution's liquidity, including its ability to pay its obligations and to issue equity, refinance its indebtedness or otherwise obtain financing at all or on acceptable terms, (iv) risks related to its ability to meet financial covenants and other key covenants under existing financing arrangements or to obtain waivers or forbearance from compliance with such covenants, which could result in the acceleration of outstanding indebtedness, (v) changes in domestic and foreign business, market, financial, political and legal conditions; (vi) risks related to the rollout of Carbon Revolution's business strategy and the timing of expected business milestones; (vii) the effects of competition on Carbon Revolution's future business and the ability of the combined company to grow and manage growth, establish and maintain relationships with customers and retain its management and key employees; (viii) risks related to domestic and international political and macroeconomic uncertainty, including the Russia-Ukraine and conflicts in the Middle East; (ix) the outcome of any legal proceedings that may be instituted against Carbon Revolution; (x) the impact of pandemic and governmental responses on any of the foregoing risks; (xi) risks related to Carbon Revolution's industry; (xii) changes in laws and regulations; and (xiii) those factors discussed in the documents Carbon Revolution filed with the SEC, including the Shell Company Report on Form 20-F. If any of these risks materialize or Carbon Revolution's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Carbon Revolution does not presently know or that Carbon Revolution currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Carbon Revolution's expectations, plans or forecasts of future events and views as of the date of this communication. Carbon Revolution anticipates that subsequent events and developments will cause Carbon Revolution's assessments to change. However, while Carbon Revolution may elect to update these forward-looking statements at some point in the future, Carbon Revolution specifically disclaims any obligation to do so, unless required by applicable law. These forward-looking statements should not be relied upon as representing Carbon Revolution's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. For further information, please contact: Investors [email protected] Media [email protected]B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of CF Industries Holdings, Inc. ( NYSE:CF – Free Report ) during the third quarter, Holdings Channel reports. The firm purchased 19,557 shares of the basic materials company’s stock, valued at approximately $1,678,000. Other large investors have also added to or reduced their stakes in the company. Swedbank AB purchased a new stake in CF Industries during the first quarter valued at about $19,824,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of CF Industries by 17.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 50,243 shares of the basic materials company’s stock valued at $3,724,000 after buying an additional 7,294 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of CF Industries by 286.0% during the first quarter. Cetera Investment Advisers now owns 34,439 shares of the basic materials company’s stock valued at $2,866,000 after buying an additional 25,516 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of CF Industries during the second quarter valued at about $4,710,000. Finally, Bayesian Capital Management LP bought a new position in shares of CF Industries during the first quarter valued at about $2,384,000. Hedge funds and other institutional investors own 93.06% of the company’s stock. Insider Activity In related news, EVP Bert A. Frost sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $88.00, for a total value of $264,000.00. Following the completion of the transaction, the executive vice president now directly owns 103,155 shares in the company, valued at $9,077,640. The trade was a 2.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, VP Ashraf K. Malik sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $90.78, for a total transaction of $635,460.00. Following the completion of the transaction, the vice president now owns 22,211 shares of the company’s stock, valued at approximately $2,016,314.58. The trade was a 23.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 19,201 shares of company stock worth $1,727,694. Insiders own 0.42% of the company’s stock. Wall Street Analysts Forecast Growth Read Our Latest Report on CF Industries CF Industries Stock Performance Shares of CF opened at $89.81 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.81 and a quick ratio of 2.52. CF Industries Holdings, Inc. has a one year low of $69.13 and a one year high of $91.06. The company has a 50-day simple moving average of $85.04 and a two-hundred day simple moving average of $79.20. The firm has a market capitalization of $15.63 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 2.31 and a beta of 0.97. CF Industries ( NYSE:CF – Get Free Report ) last issued its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.05 by $0.50. CF Industries had a net margin of 19.45% and a return on equity of 14.57%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $0.85 earnings per share. CF Industries’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that CF Industries Holdings, Inc. will post 6.32 EPS for the current fiscal year. CF Industries Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.00 annualized dividend and a dividend yield of 2.23%. CF Industries’s payout ratio is 31.65%. About CF Industries ( Free Report ) CF Industries Holdings, Inc, together with its subsidiaries, engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally. It operates through Ammonia, Granular Urea, UAN, AN, and Other segments. Recommended Stories Want to see what other hedge funds are holding CF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CF Industries Holdings, Inc. ( NYSE:CF – Free Report ). Receive News & Ratings for CF Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CF Industries and related companies with MarketBeat.com's FREE daily email newsletter .Ardelyx executive sells $33,782 in stock
Viral Costco fight highlights online spread of misinformation in Vancouver( MENAFN - Gulf Times) The Azerbaijan airlines plane that crashed in Kazakhstan this week suffered physical“external interference”, the airline and Azerbaijan's transport Minister said yesterday, citing preliminary results of an investigation, adding to speculation it was hit by a Russian air defence system. The jet crashed near the Kazakh city of Aktau on Wednesday, killing 38 of the 67 people on board, after attempting to land at its destination in the Russian city of Grozny and then diverting far off course across the Caspian Sea. Russia's Aviation chief said yesterday that Grozny was being attacked by Ukrainian drones at the time the plane had tried to land, but the Kremlin has declined to comment on reports the plane was accidentally shot down by Russian air defence missiles. Statements from Azerbaijan citing the investigation into the incident suggest Baku believes the plane was hit mid-air. “Based on the opinion of experts and on the words of eyewitnesses, it can be concluded that there was external interference,” Azerbaijani's transport minister, Rashad Nabiyev, told reporters. “It is necessary to find out from what kind of weapon,” he added, citing reports from survivors of hearing“three explosions” as the plane was over Grozny. Azerbaijan Airlines said it had suspended flights to 10 Russian airports and that preliminary results suggested the crash of Baku-Grozny flight J2-8243 was“due to physical and technical external interference”. The head of Russia's civil aviation agency, Dmitry Yadrov, said in an earlier statement that“the situation on this day and at these hours in the area of Grozny airport was very complex”. “Ukrainian attack drones at this time were making terrorist attacks on civilian infrastructure in the cities of Grozny and Vladikavkaz,” Yadrov said, referring to a nearby city. He said the Azeri pilot made“two attempts to land the plane in Grozny that were unsuccessful” in“thick fog”. “The pilot was offered other airports. He took the decision to go to Aktau airport,” he added. Earlier in the day the Kremlin declined to comment on the deadly crash. “Until the conclusions of the investigation, we do not consider we have the right to make any comments and we will not do so,” Kremlin spokesman Dmitry Peskov told reporters. Some aviation and military experts have pointed to signs of shrapnel damage on the plane wreckage as evidence it was hit by air defence systems. An Azerbaijan pro-government website, Caliber, and several other media have cited unnamed Azerbaijani officials as saying they believed a Russian missile fired from a Pantsir-S1 air defence system caused the crash. Ukrainian President Volodymyr Zelensky has called for a“thorough investigation” and also pointed to Russian involvement. “Every loss of life deserves a thorough investigation to establish the truth. We can see how the clear visual evidence at the crash site points to Russia's responsibility for the tragedy,” he said in a post on social media. A Russian survivor, Subkhonkul Rakhimov, told state broadcaster RT that an“explosion” appeared to happen outside the plane as it attempted to land in Grozny in fog, causing shrapnel to penetrate inside. “I wouldn't say it was inside the plane because the skin of the fuselage near where I was sitting flew off,” he said.“I grabbed a life jacket and saw there was a hole in it – it was pierced by shrapnel.” “I thought the plane was going to fall apart,” Rakhimov said, adding that he had begun to recite prayers and prepare for the end after hearing the bang. Azerbaijan's President Ilham Aliyev said yesterday that he had phoned his Kazakh counterpart Kassym-Jomart Tokayev, with both pledging that the“causes of the crash would be fully examined”, according to a statement from Baku. Contacted by AFP, Azerbaijani government officials did not respond to questions about the possible causes of the crash. However, Rasim Musabekov, an Azerbaijani lawmaker and member of the parliament's international relations committee, urged Russia to apologise for the incident. “They have to accept this, punish those to blame, promise that such a thing will not happen again, express regrets and readiness to pay compensation,” Musabekov told AFP. He suggested the plane was not allowed to land at Grozny or a nearby Russian airport – instead being“sent far away” across the Caspian Sea to Kazakhstan – in an attempt to“cover up a crime”. MENAFN27122024000067011011ID1109036195 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
KU VC calls for focusing on research that addresses industrial and social issues Vice Chancellor University of Karachi Prof. Dr. Khalid Mahmood Iraqi delivering the inaugural speech in the opening ceremony of the ISNPC-15 held at the International Centre for Chemical and Biological Sciences (ICCBS), University of Karachi (UoK) — NNI/File We have failed to establish a connection between industries and academia because we cannot solve their problems. We often talk about individual excellence instead of institutional excellence. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); There is a need to focus on institutional excellence rather than individual brilliance. Our prime responsibility and duty is to provide quality education and nurture our student’s abilities, and we must assess how successful we have been in promoting our students’ professional growth. These views were expressed by the Vice Chancellor of the University of Karachi, Professor Dr Khalid Mahmood Iraqi, while addressing the DCS-UBIT Career Connection ‘24 held on Tuesday on the lawn of the Department of Computer Science. “As educators, we must reflect on whether we are fulfilling our duties. The best standard of individual training is self-accountability because a society enriched with trained individuals forms the foundation of a healthy nation and a prosperous society.” He highlighted that our dilemma is that we still conduct research not to solve social and industrial problems, but to add to our research papers. We need to change this mindset and focus on research that addresses industrial and social issues. Dr Khalid Iraqi mentioned that industries seek collaboration with academia, but for that we need to find solutions to their problems. He said the time has gone when only a degree was supposed to be enough, it used to be 23 years ago, but now we are facing a vibrant market, and the dynamics of business have changed a lot. So, we need people with innovative ideas, creativity, and the will and confidence to excel in the market. He added that educational institutions and faculty members have to play a very important role in shaping the product that can be utilized in the market.
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Kaspersky uncovers new scam targeting businesses on social media The representational image of a person using a laptop. — Unsplash/File LAHORE: Kaspersky experts have uncovered a new phishing scam targeting businesses that promote their pages on Facebook. The scam involves emails purportedly sent on behalf of Meta for Business -- Facebook’s platform for businesses -- claiming that the recipient’s page contains prohibited content. The email urges users to provide explanations to prevent their account and page from being blocked. The attackers’ objective appears to be gaining access to business accounts. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); According to Kaspersky’s anonymised data, such emails began reaching users on December 14, with complaints emerging from organisations worldwide. A closer examination of the ‘From’ field in the emails reveals that the domains used do not belong to Facebook. Kaspersky found that these emails were sent from various unrelated domains. The email link redirects users to Facebook Messenger, where an account impersonating Facebook’s support team appears convincing, fostering a false sense of trust. Although there are subtle indications that the account is a fan page, these are easily overlooked, particularly under the stress of being accused of violating Facebook’s policies. This phishing scheme is notable for its sophistication. Unlike earlier scams that accused users of copyright violations and directed responses via email, this approach simulates internal communication on Facebook itself, making it harder to detect as fraudulent. “In 2025, we anticipate a rise in attacks leveraging social engineering and users’ trust in major platforms. Scams like this are becoming more sophisticated as attackers strive to closely mimic official services. Users must remain vigilant and verify the authenticity of messages. We strongly advise against engaging with suspicious accounts and recommend activating additional security measures, such as two-factor authentication. If you receive such an email, report the incident to Facebook’s support team and update your passwords immediately if any information has been compromised,” advises Email Threats Protection Group Manager at Kaspersky Andrey Kovtun. To protect against such attacks, the cybersecurity company recommends enabling two-factor authentication wherever possible; using strong and unique passwords, and rely on a password manager to generate and securely store them; and equipping all work devices with reliable security solutions that can warn users of potential threats and block malicious actions, including those by malware and browser extensions.Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona