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Jammu, Nov 30: Legislative Assembly of Union Territory of Jammu and Kashmir, in its maiden session, which lasted five days from November 4 to 8, 2024 in Srinagar, moved and passed a resolution seeking restoration of special status and constitutional guarantees. The resolution, moved by Deputy Chief Minister, Surinder Kumar Choudhary, on November 6 under supplementary list of business, “reaffirmed the importance of special status, constitutional guarantees, which safeguarded the identity, culture and rights of the people of Jammu and Kashmir.” Expressing concern over their (special status, constitutional guarantees) “unilateral removal”, the resolution read, “This (J&K) Legislative Assembly calls upon the Government of India to initiate dialogue with elected representatives of people of Jammu and Kashmir for restoration of special status, constitutional guarantees and to workout constitutional mechanisms for restoring these provisions.” “This Assembly emphasises that any process for restoration must safeguard both national unity and the legitimate aspirations of the people of Jammu and Kashmir,” the resolution, seconded by Minister for Health and Medical Education, Sakina Masood Itoo, read. The resolution, seeking restoration of Article 370 and 35-A in a very subtle expression, was passed by the J&K Legislative Assembly amid violent protest by 28 MLAs of the Bharatiya Janata Party (BJP). As anticipated earlier, the resolution created flutters across political spectrum, though its aftermath also saw dissonance among Kashmir based parties over “its (resolution’s) ambiguous and subtle expression (by not directly referring to Article 370 and 35-A).” This created a kind of discord between the alliance partners National Conference and the Congress as well after the latter interpreted it (resolution) as a reiteration of demand for restoration of statehood and not for restoration of “Article 370, 35-A” as the former (NC) insisted. “For Congress, following the Supreme Court’s decision on Article 370 and 35-A, the only issue pending is that of restoration of statehood, exclusive rights of locals over land and jobs and this was what this resolution emphasised,” was Congress leaders’ interpretation. Nevertheless, resolution spiralled into a controversy, which found its resonance across the country. While local BJP leadership protested against it tooth and nail in J&K, describing it as “an affront to the spirit of Constitution, Parliament and also the contempt of (Supreme) court”, top BJP leadership exploited this issue to the hilt in two poll-bound states, mainly Maharashtra. This not only put Congress on the defensive but also helped BJP bag a stunning victory in Maharashtra. It was notable that the J&K Legislative Assembly, in the absence of new Business Rules, conducted its business, in its maiden session under UT status, as per the rules existing in the erstwhile state of Jammu and Kashmir. Speaker J&K Legislative Assembly, Abdul Rahim Rather too had stated it, while presiding over the proceedings, quoting provision in J&K Reorganisation Act, 2019 enabling House (Assembly) to run as per the rules of erstwhile J&K till the framing of new rules. As the controversy erupted over resolution passed in J&K Legislative Assembly (LA) regarding special status and constitutional guarantees, dubbed as “illegal and unconstitutional” by BJP’s national as well as J&K leadership, it also raised another interesting proposition. Could J&K LA move, pass resolution on special status, had business rules on Puducherry model (which formed the premise of J&K UT’s governance model) been in place? Question finds its genesis in “The Administrator’s Rules for the Pondicherry Legislative Assembly.” Under its Part II, dealing with “Prohibition of discussion of certain matters”, Rule 5 stipulates “Restrictions on resolutions.” According to Rule 5 (1), no resolution “shall be moved which relates to any matter which affects the discharge of the functions of the Administrator in so far as he is required by the Act to act in his discretion.” According to sub rule (2), if the “Speaker is of the opinion that a resolution or any part of a resolution is or may be one which cannot be moved because it is prohibited under sub-rule (1), he shall, as soon as may be after the receipt of the resolution, forward to the Administrator a copy thereof and, unless the Administrator (whose decision in the matter shall be final) decides that the resolution may be moved, it shall not be entered in the List of Business.” As per sub-rule (3), “Notwithstanding the fact that the Speaker has made no reference under sub-rule (2), if the Administrator, acting in his discretion, decides that any resolution or any part of a resolution is one which cannot be moved because it is prohibited under sub-rule (1), he may communicate his decision (which shall be final) to the Speaker, and on such communication, the resolution shall not be entered in the List of Business or, if it has been so entered, the Speaker shall decline to allow the resolution to be moved.” Sub-rule (4) stipulates, “If any doubt arises whether any resolution of which notice has been given or any part thereof is or is not within the prohibition imposed by sub-rule (1), the Administrator shall, acting in his discretion, decide the point and his decision shall be final.” Almost similar restrictions are in place on “questions” to be asked (in LA), under Rule 4. It is pertinent to mention here that the rules for J&K Legislative Assembly, to facilitate its functioning under new setup, too are yet to be framed.Recent reports have revealed that high-cost southern border surveillance technology is failing to deliver on its purpose. A leaked memo obtained by NBC News reveals that nearly one-third of the cameras on the border’s primary surveillance towers are currently offline. The report reveals that out of the 500 cameras installed on surveillance towers along the border between the U.S. and Mexico, about 150 are currently inactive. Overlapping agencies and fragmented responsibilities One of the core problems with the surveillance towers lies in the complicated web of federal oversight. While the Border Patrol depends on these systems to monitor remote areas, the Federal Aviation Administration (FAA) is responsible for maintaining the towers. This division of responsibility creates delays in repairs and maintenance, undermining the network’s effectiveness. The Remote Video Surveillance System, where many of these cameras are installed, is only one part of the broader surveillance network. However, the entire system has been hampered by poor coordination, frequent project cancellations, and incompatible technologies developed by different vendors. The history of surveillance technology at the border is marked by delays, budget overruns, and cancelled programs. One prominent example is the Secure Border Initiative Network (SBInet), which aimed to deploy towers across the U.S.-Mexico border. By 2010, after spending $1 billion, only 15 towers had been installed along a 53-mile stretch of Arizona’s border, covering just a fraction of the 387-mile expanse. The program was eventually scrapped in 2011 following internal reviews that criticized its performance and high costs. There have been attempts to replace SBInet with new initiatives, such as the Arizona Border Surveillance Technology Plan and the Southwest Border Technology Plan. However, they are also struggling. Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed! Over the past two decades, the U.S. government has spent nearly $6 billion on surveillance towers and made efforts to consolidate the various systems into the Integrated Surveillance Towers network. However, there are challenges due to incompatible components and outdated technology. A recurring issue with the surveillance towers is the absence of meaningful performance metrics to evaluate their effectiveness. In a 2017 report , the Government Accountability Office (GAO) criticized the Border Patrol for failing to assess whether these technologies were improving security. The GAO urged the agency to develop performance metrics, but recent assessments suggest that little progress has been made. In February 2023, the GAO noted that Customs and Border Protection (CBP) officials expect operational shortfalls of up to 36% by 2025, putting more towers at risk of becoming non-functional. Without clear benchmarks for success, it remains difficult to determine how much these expensive surveillance systems contribute to national security efforts. The outages have frustrated Border Patrol agents, who rely on the cameras to monitor vast, remote regions. There are legitimate concerns about officer safety and border security due to non-operational towers. These are the best endpoint protection solutions Take a look at the best business VPNs One of the nastiest ransomware groups around may have a whole new way of doing things
Ingersoll Rand Inc. stock underperforms Wednesday when compared to competitorsPlayoff volleyball: Solano College falls to Shasta in second round of playoffs
Fawad Ch calls for de-escalating situation to avert ‘looming disaster’LOWELL, Mass. (AP) — Max Brooks' 26 points helped UMass-Lowell defeat Dartmouth 92-83 on Saturday. Brooks added nine rebounds and four steals for the River Hawks (8-4). Quinton Mincey added 20 points while going 7 of 10 from the floor, including 3 for 5 from 3-point range, and 3 for 4 from the line while he also had six assists. Martin Somerville shot 3 for 10 (2 for 5 from 3-point range) and 4 of 7 from the free-throw line to finish with 12 points, while adding six rebounds. The Big Green (4-6) were led by Connor Amundsen, who posted 28 points and six assists. Cade Haskins added 16 points for Dartmouth. Jayden Williams also recorded 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Hafnia Limited, a leading product tanker company with a diversified and modern fleet of over 130 vessels, today announced results for the three and nine months ended September 30, 2024. 1 Based on weighted average number of shares as at 30 September 2024 2 Excluding a one-off item amounting to USD 7.4 million in Q3 2023 3 See Non-IFRS Measures section below 4 NAV is calculated using the fair value of Hafnia’s owned vessels. Mikael Skov, CEO of Hafnia, commented: After a strong second quarter, the product tanker market softened seasonally in the third quarter, due to refinery maintenance, lower refinery margins, and increased cannibalization from the crude sector. Despite these challenges, Hafnia has continued to perform well, delivering solid earnings. I am pleased to announce that we achieved a net profit of USD 215.6 million in Q3, bringing our year-to-date net profit to USD 694.4 million – the best nine-month performance in our company’s history. Our adjacent fee-generating business segments have also performed strongly, contributing USD 7.8 million to our overall results. At the end of the third quarter, our net asset value (NAV)1 reached approximately USD 4.6 billion, reflecting the increased market value of our vessels and strong operating cashflows, which equates to an NAV per share of about USD 9.07 (NOK 95.24). Our net Loan-to-Value (LTV) ratio decreased to 19.1% at the end of the quarter. This allowed us to reach a new milestone in our dividend policy, and we are pleased to announce a dividend payout ratio of 90% for the quarter. For the quarter, we will distribute USD 194.1 million or USD 0.3790 per share in dividends. On October 1, 2024, we successfully completed the redomiciliation of Hafnia Limited from Bermuda to Singapore. As Hafnia Limited is a Singapore tax resident post-redomiciliation, no Singapore withholding taxes will be imposed on dividend distributions to all shareholders. There is, therefore, no change in the dividend treatment resulting from the redomiciliation. Hafnia’s Board has authorized management to initiate a share buyback program of up to USD 100 million, from December 2, 2024, to January 27, 2025, subject to market conditions. Authorization will be reviewed on a quarterly basis. We will disclose the structure of the program and details of any buyback as it occurs. The amount utilized for this buyback program will be deducted before declaring dividends for Q4 2024. This ensures the combined total of dividends and share buybacks aligns to our payout ratio under our dividend policy, reflecting our dedication to shareholder value while also ensuring strategic flexibility. While market conditions softened slightly due to competition from the crude sector, Q3 trade volumes and earnings remained above last year’s levels, driven by strong global oil demand and increased tonne-miles from refinery dislocations. Looking ahead, seasonal strengthening in the crude sector, coupled with the technical challenges of transporting products on crude carriers, is expected to reduce this cannibalization. Additionally, seasonal demand increases and geopolitical tensions will further support product demand and tonne-miles. As of November 18, 2024, 71% of the Q4 earning days are covered at an average of USD 24,004 per day, and 9% is covered at USD 24,089 per day for 2025. We continue to enhance our technological capabilities and are optimistic about our strategic investment in Complexio Foundational AI to advance data automation. Complexio’s ‘bottom-up’ approach first ingests companies’ unstructured and structured data and then, via its multi-modal framework – currently leveraging eight Large Language Models (LLMs) – maps this data into a comprehensive landscape. With ongoing advancements in prediction and reasoning, this detailed understanding enables the automation of recurring processes such as chartering, ship clearance, finance management, and contract negotiation. These continuous R&D improvements, combined with expanding partnerships with industry leaders like Marfin, CTM, Sogemm, BW Epic Kosan, and Alassia Newships, reinforce Hafnia’s position at the forefront of technological innovation. NAV is calculated using the fair value of Hafnia’s owned vessels. At the end of the quarter, Hafnia’s fleet consisted of 115 owned vessels1 and 15 chartered-in vessels. The Group’s total fleet includes 10 LR2s, 34 LR1s (including three bareboat-chartered in and four time-chartered in), 62 MRs of which nine are IMO II (including two bareboat chartered in and 11 time-chartered in), and 24 Handy vessels of which 18 are IMO II (including seven bareboat-chartered in). The average estimated broker value of the owned fleet1 was USD 4,914 million, of which the LR2 vessels had a broker value of USD 649 million2, the LR1 fleet had a broker value of USD 1,288 million2, the MR fleet had a broker value of USD 2,059 million3 and the Handy vessels had a broker value of USD 918 million4. The unencumbered vessels had a broker value of USD 475 million5. The chartered-in fleet had a right-of-use asset book value of USD 19.5 million with a corresponding lease liability of USD 22.3 million. In the third quarter of 2024, the Clean Petroleum Products (CPP) trade remained robust, despite a 6% drop in tonne-miles since Q2. High cargo volumes and tonne-miles remain at historical average highs, primarily driven by geopolitical tensions. These tensions have led to more vessels rerouting away from the Suez Canal toward the Cape of Good Hope. Global oil demand also remained firm in the third quarter, driven by growth in advanced economies. According to the International Energy Agency (IEA), global oil demand increased by 1.1 million barrels per day in the third quarter, driven by global gasoil deliveries, despite a contraction in overall Chinese demand. Furthermore, global oil demand for 2024 remains firm at an average of 102.8 million barrels per day, an increase of 0.9 million barrels from 2023. Despite steady demand, product tanker rates were under pressure in the last part of Q3, mainly due to increased competition from the crude sector. With a seasonally weak crude market, some crude tankers – despite high conversion costs – shifted to carrying refined products. During the quarter, Suezmax and VLCC tankers transported more diesel shipments from the Middle East to Europe, a trade typically handled by LR2s. As winter approaches, both crude and product markets are expected to strengthen seasonally. Technical challenges and reduced commercial incentives for using crude carriers to carry refined products limit cannibalization, as shown in recent daily loading data, and this drives forward tightness in supply versus demand for the clean products segments. For the first time in history, the product markets will experience a full winter period where seasonal increases in Atlantic demand, partly serviced by the Eastern hemisphere, will exclusively have to route via the Cape of Good Hope rather than Suez. Additionally, improving refinery margins and gradually increasing distances between refineries and end consumers support a strong outlook for earnings in the product sector. On the supply side, the orderbook-to-fleet ratio is approximately 20% for deliveries through 2028 as of November 2024. However, a growing number of tankers over 20 years old are likely scrapping candidates. These older vessels, with lower utilization rates and frequent involvement in “dark trades”, effectively reduce available tonnage and increase demand for the existing fleet. Furthermore, LR2s comprise over 50% of the new tonnage expected in the next few years, and historically, 70% of LR2 capacity has been absorbed into the dirty petroleum products trade. This is further supported by aged Panamax, Aframax, and large crude tanker fleets where newbuild order books are limited compared to the clean segments. Applying 70% dirty products trading for LR2 newbuild capacity reduces the clean products book-to-fleet ratio to 13%. As a result, the overall supply balance is expected to remain manageable in the coming years. Looking ahead, the product tanker market outlook is positive. Demand is expected to remain strong, supported by longer transport distances and refinery dislocation. With winter’s seasonal factors and reduced cannibalization from crude tankers, the market is set to benefit from a high-rate environment for product tankers. This will however be impacted if there is normalization of trade through the Red Sea, or further addition of new tonnage. Hafnia will pay a quarterly dividend of USD 0.3790 per share. The record date will be December 6, 2024. For shares registered in the Euronext VPS Oslo Stock Exchange, dividends will be distributed in NOK with an ex-dividend date of December 5, 2024 and payment date on, or about, December 17, 2024. For shares registered in the Depository Trust Company, the ex-dividend date will be December 6, 2024 with a payment date on, or about, December 12, 2024. Source: Hafnia LimitedJacksonville defeats East Tennessee State 60-52
Trump calls Florida meeting with PM Trudeau productive amid stiff tariff threat
Marshall is expected to withdraw from the Radiance Technologies Independence Bowl, sources confirmed to ESPN on Saturday, after a wave of players recently entered the transfer portal in the wake of a coaching change. The Thundering Herd, which won the Sun Belt Conference title, were set to face AAC champion Army on Dec. 28 in Shreveport, Louisiana. Marshall coach Charles Huff left for the same post at Southern Miss a day after the Sun Belt title after being unable to reach an agreement with the school on a new contract. The Herd quickly hired NC State defensive coordinator Tony Gibson as Huff's replacement. Army faces Navy later Saturday. Editor's Picks Marshall's Gibson recruiting own portal players 2d Herd quickly hire Gibson; QB Braxton to portal 6d Marshall's Huff hired as Southern Miss coach 6d Pete Thamel The Independence Bowl would need to replace Marshall with a 5-7 team, but many players on those squads have left their campuses for winter break. Independence Bowl officials did not immediately return requests seeking comment. As of Saturday morning, Marshall has 36 players in the transfer portal, including 29 scholarship players and 17 players on the team's two-deep for the Sun Belt title game. All three Thundering Herd quarterbacks who played this season are in the portal, including starter Braylon Braxton , the Sun Belt Newcomer of the Year. Defensive end Mike Green , the Sun Belt Player of the Year, declared for the NFL draft on Friday. A number of Marshall staff members also have left, some joining Huff at Southern Miss. The Action Network and Yahoo first reported Marshall's withdrawal from the game. ESPN's Max Olson contributed to this report.UnitedHealth Group Updates Business Outlook Ahead of Investor Conference
Botafogo Triumphs Despite Early Setback
EJ Farmer scores 20 points and Youngstown State downs Toledo 93-87Trump team signs agreement to allow Justice to conduct background checks on nominees, staffBJP victory in Maha: Relief for Adani’s USD 3 bn Dharavi project
Nov 28 (Reuters) - A look at the day ahead in Asian markets. Investors were grappling with fresh U.S. inflation data and its implications for Federal Reserve policy along with continued fallout from Donald Trump's tariff pledges as trading in the U.S. was thinning out ahead of the Thanksgiving holiday. Asian markets were waking up to a tepid day for U.S. equities, with technology shares leading major indexes lower. Shares of Dell (DELL.N) , opens new tab and HP (HPQ.N) , opens new tab sank after weak forecasts from the personal computer makers, weighing on the tech sector (.SPLRCT) , opens new tab . Data showed the personal consumption expenditures (PCE) price index -- an inflation gauge followed by the Fed -- rose 2.3% in the 12 months through October, a slight uptick from the prior month. Traders were still expecting another interest rate cut when the Fed meets in mid-December, with Fed futures showing that expectations of a 25 basis point reduction remained intact following the PCE data. Investors were trying to sort through the potential fallout from Trump's pledge earlier this week of big tariffs on Canada, Mexico and China, which has rattled assets including currencies and auto shares . For example, Goldman Sachs economists estimated the tariffs, if implemented, would increase U.S. core PCE inflation by 0.9%. Meanwhile, Mexico's president warned the country would retaliate if Trump followed through with his 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs. With tariffs as a continued specter, major Asian indexes posted mixed sessions on Wednesday. Japan's Nikkei (.N225) , opens new tab ended lower, with automakers leading the losses, amid concerns about the impact of Trump's tariff plans and a stronger yen. But key China equity gauges gained more than 1%, as data showed a less sharp decline in the country's industrial profits and traders bet that Beijing will provide stimulus to counter risks from the U.S. tariffs. In India, a Reuters poll of equity analysts found that equity markets will take time to recover from their recent sell-off because they remain overvalued, with last week's Adani indictments only adding to the pain. Beyond the U.S., central bank policy was in focus elsewhere globally. New Zealand's central bank cut rates on Wednesday for a third time in four months, and flagged more substantial easing. The Bank of Korea is up next. The BOK is expected to keep its key policy rate at 3.25% on Thursday to support the Korean won against a strong U.S. dollar, according to a Reuters poll of economists, who forecast at least three rate cuts next year. The end of the week is expected to bring more eventful data in Asia, with GDP figures due in India and Taiwan on Friday, along with Tokyo CPI data. "Black Friday" -- the day after Thanksgiving -- also marks the unofficial start of U.S. holiday shopping season . The extent to which inflation-challenged shoppers flock to deals will be of interest to markets, with consumer spending making up more than two-thirds of U.S. economic activity. Here are key developments that could provide more direction to markets on Thursday: - Bank of Korea monetary policy meeting - Australia capex data (Q3) - Germany CPI (Nov) Sign up here. Reporting by Lewis KrauskopfEditing by Bill Berkrot Our Standards: The Thomson Reuters Trust Principles. , opens new tab
WASHINGTON — President-elect Donald Trump's transition team on Tuesday signed an agreement to allow the Justice Department to conduct background checks on his nominees and appointees after a weekslong delay. The step lets Trump transition aides and future administration staffers obtain security clearances before Inauguration Day to access classified information about ongoing government programs, an essential step for a smooth transition of power. It also allows those nominees who are up for Senate confirmation to face the background checks lawmakers want before voting on them. Teams of investigators have been standing by to process clearances for Trump aides and advisers. "This agreement with the Department of Justice will ensure President Trump and his team are ready on Day 1 to begin enacting the America First Agenda that an overwhelming majority of our nation supported on Election Day," said Susie Wiles, Trump's designate to be White House chief of staff. The announcement came a week after the Trump transition team signed an agreement with the Biden White House to allow transition staff to coordinate with the existing federal workforce before taking office Jan. 20. The White House agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House issued both public and private appeals for Trump's team to sign on. Security clearances are required to access classified information, including on ongoing operations and threats to the nation, and the Biden White House and outside experts emphasized to Trump's team the importance of having cleared personnel before Inauguration Day so they could be fully briefed and ready to run the government. Republican Senators also insisted on FBI background checks for Trump's nominees before they face confirmation votes, as has been standard practice for decades. Lawmakers were particularly interested in seeing the findings of reviews into Trump's designated nominee for defense secretary, former Fox News host Pete Hegseth, and for Rep. Tulsi Gabbard to be director of national intelligence. "That's why it's so important that we have an FBI background check, a committee review of extensive questions and questionnaires, and a public hearing," Sen. Susan Collins, R-Maine, said Monday. John Thune, incoming Senate Republican leader, said the Trump team "understands there's going to have to be a thorough vetting of all these nominees."None
Aston Villa’s disallowed goal would have counted in England – Unai Emery
