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First downs and second guesses: Volleyball season in Nebraska isn’t over. In fact, it’s just beginning. On Monday the Omaha Supernovas announced their draft class, including Creighton All-America Kendra Wait and Nebraska’s Lindsay Krause. They join former Husker Ally Batenhorst, Briana Holman and Kayla Caffey on the roster of the defending Pro Volleyball Federation champions. A couple hours later, the Love Volleyball League announced the signing of its “LOVB 6,” a rookie class that includes Lexi Rodriguez (Omaha) Jess Mruzik (Houston), Sarah Franklin (Madison), Sophie Fischer (Salt Lake), One Ofoegbu (Atlanta), and Madisen Skinner (Austin). Rodriguez joins a LOVB Omaha roster that already is loaded with local star power in Jordan Larson, Justine-Wong-Orantes, Madi Kubik, Lauren Stivrins and Jaali Winters. Is this town big enough for two pro volleyball teams? We’ll find out in a few weeks. The Supernovas open their season on Jan. 10 at the CHI Health Center. Two weeks later, on Jan 24., Omaha LOVB (team name?) opens its inaugural season at Liberty Credit Union First Arena (Ralston), where it will play four matches and two more at Baxter Arena. The level of play in both leagues will be incredible. But are there enough fans to go around? The “Novas” averaged 9,656 fans last year in 12 matches at the CHI Health Center. They led the rest of the teams by a lot. Now add local heroes Wait, Krause and Batenhorst and attendance should improve. But what if fans also want to go see Larson, Rodriguez, Stivrins and Winters, along with familiar opponents like Franklin and Mruzik? How will it all play out? Apparently, LOVB’s pockets run deep. For old San Diego Chargers fans like myself and John Cook, an easy comparison is the National Football League and American Football League wars in the 1960’s. Which resulted in the creation of the Super Bowl and then a merger. This winter should be a blast. But I can already see a couple of questions that might need asking come April. Shouldn’t these two pro volleyball leagues have a championship series at the end? Wouldn’t a merger be the best possible thing for the sport of volleyball? See you next month, ladies. I can still sense a Nebraska volleyball hangover with Husker fans. That’s the impact that team had on folks. Those ladies reached in and grabbed them by the heart. It was an incredible ride and they celebrated all the joys. But that pain at the end is going to leave a mark. The four College Football Playoff quarter final match-ups look terrific. Like, get-me-to-a-TV on Dec. 31 and Jan. 1 terrific. So, is eight the right number? Don't give up on 12 yet. I still like 12. I’m a brand name sports guy. I like watching the big boys battle for championships. But I also want the non-brands, the little guys, in there. Underdogs bring a lot to the postseason. They bring the "what if" factor. What if the long shot gets on a roll? That's why we watch. You wouldn't just want a playoff with all SEC and Big Ten teams would you? That's not a national championship. The first-round blowouts weren’t good. But it happens, and it happened in the four-team playoff era. But one day there will be upsets, too. Football can't be basketball. But upsets are the magic in the NCAA tournament. When the field was announced, I thought Indiana and SMU belonged. A loss on an opponent's home field can't change that. Alabama’s problem was its loss to Oklahoma. And who would have imagined that OU would drag mighty Bama out of the playoff? I’m real tired of the SEC whining. It just hurts more. Hey, you guys wanted OU and Texas. You got ‘em. There has been arguing and debates over college football's national champion forever. Expansion to 12 was never going to change that. Until the college game goes to 32 teams and puts them into divisions, ala the NFL, with equal scheduling, there's going to be arguing. I would only change one thing with the first weekend: no first-round byes. The campus atmospheres were fabulous. Give me more of ‘em. One of the great things about the transfer portal is when an athlete settles in and makes the community better. Creighton senior Steven Ashworth is doing that. Ashworth is headlining a local charitable initiative called “Light The World.” The unique project features vending machines, or “Giving Machines,” which are located in Westroads Mall near Von Maur. The machines offer items (10 Blankets for $50 for a homeless shelter) that people can swipe a credit card and donate the item of their choice. The machines will be at Westroads until Dec. 31. Ashworth and a group of Creighton athletes from men’s and women’s basketball and volleyball will be at Westroads on Dec. 28 between 5-8 p.m., to visit and sign autographs. Bill Belichick is used to coaching the best of the best. The majority of college football players are not NFL players. They work hard, and they can make mistakes. Belichick will recruit well at North Carolina, but he’s not going to have an NFL roster. There are going to be mistakes. How will he deal with that? I bet this caught Belichick’s attention: Tulane redshirt quarterback Darian Mensah hit the portal and wound up at Duke. According to CBS Sports, Mensah received an NIL deal at Duke reportedly worth $8 million over two years. When did North Carolina and Duke start spending like Ohio State and Alabama for football? The New Year is upon us. I’m taking nominations for top sports stories in 2024. Send them my way this week. Get local news delivered to your inbox!

As 2024 approaches its close, many stories that created headlines this year remain unresolved, leaving concerns, hopes and doubts among both the government and business community. The Bangkok Post has selected five news stories that have generated heated debate this year and have had a significant impact on the financial, manufacturing, property, automotive and tourism sectors in the form of a year-end review. Whether it be the appointment of a new chairman of the Bank of Thailand board, the deluge of low cost imports from China, the reduction in headcounts among car manufacturers, changes to the country's land ownership laws, or targets for foreign tourist arrivals -- all these topics still require the close attention of the authorities and entrepreneurs. New BoT chair yet to be resolved The selection process for a new board chairman of the Bank of Thailand has been marked by delays and controversy. Scheduled meetings were postponed amid rising concerns over potential political interference after reports suggested the government intended to propose its own candidate to succeed Porametee Vimolsiri, whose term ends next October. Former commerce minister Kittiratt Na-Ranong is widely regarded as a leading contender for the position. Mr Kittiratt previously served as deputy leader and chief economic strategist for the Pheu Thai Party. He has been critical of the central bank’s interest rate policy and its regulatory independence. Mr Kittiratt was previously nominated as an advisor to former premier Srettha Thavisin. Several groups, including the Economics for Society Group — comprising 227 economists and four former Bank of Thailand governors (Pridiyathorn Devakula, Tarisa Watanagase, Prasarn Trairatvorakul, and Veerathai Santiprabhob) — in late October had expressed their opposition to Mr Kittiratt’s appointment. They argue that the board chairman of the central bank should remain independent of political influence. Protesters, including supporters of the late revered monk Luangta Maha Bua Yannasampanno, gathered in November outside the Bank of Thailand’s headquarters to submit letters opposing what they viewed as political interference in the central bank. The selection committee, chaired by Satit Limpongpan, had to postpone its meetings to choose the new chairman three times, starting on Oct 8. The process culminated in the final meeting on Nov 11, which ironically concluded without revealing the name of the selected candidate. Although the committee has not officially disclosed the name of the new chair, Mr Kittiratt remains highly likely to be appointed as expected. There were three candidates for the position. The Finance Ministry proposed Mr Kittiratt, while the central bank nominated Kulit Sombatsiri, a former energy permanent secretary, and Surapon Nitikraipot, president of the Thammasat University Council and an independent director of PTT Plc. Finance Minister Pichai Chunhavajira recently said he had already received the list of candidates from the selection committee and insisted they were still being reviewed by the Finance Ministry for compliance with the qualifications. The review process adheres strictly to the criteria outlined in the regulations and does not consider public opinion, which may be against the nomination, said Mr Pichai. According to the 2008 regulations governing the selection process for qualified individuals to serve as the chairman or board members of the Bank of Thailand, Section 16 outlines eight prohibitive qualifications. These include: being incapacitated or quasi-incapacitated; being bankrupt or having been declared bankrupt; having been sentenced to prison by a final court decision (except for negligence or minor offences); and holding or having held a political position, unless they have been out of office for at least a year. New measures reshape property landscape The government’s proposal to extend land leases to 99 years and increase the foreign ownership quota in condos from 49% to 75% has emerged as one of the hottest issues in the real estate sector in 2024. This ambitious move is expected to have profound implications for the property market, foreign investment and the overall economic landscape, including resistance from many Thai people who are concerned that Thai citizens may no longer be able to afford property. Currently, foreigners are allowed to own only up to 49% of a condo building, with the rest reserved for Thai nationals. The proposed increase in the foreign ownership limit to 75% would significantly open up opportunities for foreign buyers. This change aims to attract international investment, which could draw much-needed capital into the real estate sector, where local demand remains weak due to the challenging economic conditions and difficulties in securing home loans. The proposed 99-year land lease extension is another significant shift in policy. Under the current law, land in Thailand can be leased for a maximum period of 30 years, with the possible renewal for an additional term of 30 years. This limitation has long been a barrier for both Thai and foreign investors, especially those looking to build long-term investments, such as residential and commercial properties. By extending the lease period to 99 years, the government is aiming to provide greater security to investors, particularly from overseas, and encourage long-term investments in the country. The proposal is seen as a direct response to changing dynamics in the global economy. Geopolitical shifts and tensions between several countries have prompted foreign investors to seek safer alternatives in Southeast Asia, with Thailand emerging as an attractive option due to its appeal. By allowing greater foreign involvement in the real estate sector, the government anticipates to bolster the economy and position Thailand as a leading destination for international investors. For the Thai property market, these measures could drive demand, particularly in prime locations in cities like Bangkok and Phuket, which are already experiencing strong foreign interest. The potential increase in foreign investment could stimulate growth in both residential and commercial properties, leading to job creation and infrastructure development. However, critics of the proposal have raised concerns about the potential impact on local buyers, fearing that an influx of foreign buyers could drive up property prices. The government will need to carefully balance the interests of both local and foreign investors to ensure sustainable growth in the real estate sector. In 2024, these proposed changes have generated intense debate, with both real estate professionals and the public closely watching the government’s next move. If approved, these reforms could reshape the Thai property market for years to come. Tourism revenue misses target despite state initiatives Despite being regarded as a key driver for economic growth, in 2024 the tourism industry missed its target with weaker revenue than projected. The “Ignite Thailand Tourism” campaign was the government’s flagship policy this year, but Tourism and Sports Minister Sorawong Thienthong admitted that Thailand will likely miss the 3-trillion-baht target. The government started many initiatives to facilitate tourist flows, notably the visa-free scheme for visitors from 93 countries, launching a Destination Thailand Visa, and exempting the use of TM6 forms at land borders. The administration also pledged to attract more festivals, extending the Songkran celebration to a month, before closing the year with the Winter Festival, a series of celebrations during November and December. Unfortunately, such efforts were not enough to fully resume travel sentiment as tourism expenditure was severely hit by numerous factors, particularly among domestic tourists and key markets like China and Japan. The flow of tourists was also disrupted by the Northern floods in September and the recent Southern floods, which started in late November. Chamnan Srisawat, president of the Tourism Council of Thailand (TCT), said the sluggish economy and high household debt had impacted domestic travel, while those with sufficient funds had preferred to take overseas trips instead, especially to Japan and China, which offer visa-free entry for Thais. Meanwhile, inconsistent politics, as witnessed by cabinet changes under two prime ministers and three tourism ministers, also hampered the economic sentiment. Mr Chamnan said the government’s desire to boost tourism in second-tier cities has not yet been successful, as most of them are promoted via seasonal events without new manmade and facilities development to sustain the growth in the long run. On the supply side, foreign nominees reaping the benefits of tourism growth and illegal accommodation have also been an ongoing problem, preventing the local economy from prospering. TCT hopes the situation will improve next year, thanks to more economic stimulus schemes, increasing numbers of flights, and the anticipated We Travel Together scheme that could boost domestic tourism. Mr Chamnan also urged the government to fulfil its promise to develop and upgrade tourism supply, starting construction of new attractions and entertainment complexes, and not only holding world-class festivals. Producers struggle as Chinese goods flood the market Thailand not only faced severe flooding in 2024, but was also flooded with cheap imports, leaving many local manufacturers struggling to keep their businesses afloat. The Office of Industrial Economics attributed the tougher competition to foreign sellers who increasingly gained market share in the country. Combined with weak consumer purchasing power and high household debt, this resulted in a dip in the 2024 Manufacturing Production Index (MPI). Officials estimated the MPI would contract by 1.6% this year, with GDP growth in the industrial sector at -1%. Many people bought cheap imported products rather than locally made items in 2024. The private sector said these low-cost imports mainly come from Chinese entrepreneurs who often sell the items via online platforms. The influx of Chinese products into Southeast Asia is harming Thailand’s trade, reducing its market share in the region and leading to a trade deficit with China, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). During the first half of 2024, imports of Chinese products increased by 7.12% year-on-year, with a value of US$37.5 billion, leading to a trade deficit of $19.9 billion, a year-on-year increase of 15.6%. In Southeast Asia, the market share of Thai electrical appliances fell to 11.5% in the first quarter of 2024, down from 12.7% year-on-year, while the market share of Thai-made cars fell to 18.7% for the period, dipping from 20.9%. Without government measures to protect Thailand against Chinese products, many local firms are likely to shut down, warned Payong Srivanich, chairman of the Thai Bankers’ Association, a key JSCCIB member. Various state agencies, led by the Commerce Ministry, are addressing the issue. They plan to sign a memorandum of understanding with e-commerce platforms by early 2025 to remove substandard imported products from their platforms. The Customs Department offered help by imposing the 7% value-added tax on imports valued at less than 1,500 baht to slow their sales, while the Thai Industrial Standard Institute increased the monthly inspection of products listed on online platforms. Workforce shrinks amid slump in sales Employment in Thailand’s automotive industry is on the decline, with key automakers announcing plans to reduce their headcounts this year amid sluggish domestic car sales. In November, Japanese manufacturer Nissan Motor said it would cut or transfer 1,000 jobs in the country under a plan to scale down production in Southeast Asia, according to media reports. The Yokohama-based firm needs to improve its work structure for greater efficiency, said Toshihiro Fujiki, president of Nissan Motor (Thailand). Likewise, Suzuki Motor Corporation announced in June it would close its car manufacturing base in Rayong by the end of 2025, opting to import electric cars instead as part of a plan to review the company’s global production structure. The move would reduce the company’s headcount by roughly 1,000 employees, said Wallop Treererkngam, executive vice-president of Suzuki Motor (Thailand). He said more layoffs in the automotive industry are possible if stagnant domestic sales persist. The Federation of Thai Industries (FTI) attributed the significant drop in car sales to banks and finance firms’ stricter criteria in the granting of auto loans for fear of non-performing loans amid concerns over the high level of household debt in the country. Though the Bank of Thailand said total household debt represented 89.8% of GDP in the second quarter of this year, down from 90.8% in the first quarter, the debt-to-GDP ratio remains high. There are 700,000 to 800,000 workers in the automotive, auto parts and electronic component supply chain in Thailand, according to the FTI. In addition to the debt issue, changes in automotive technology are also affecting employment. The shift away from internal combustion engine (ICE)-powered vehicles to electric vehicles has had a negative impact on auto parts manufacturers that are already accustomed to components produced for ICE cars, said Surapong Paisitpatanapong, vice-chairman of the FTI and spokesman for the club.

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Thiruvananthapuram: Chief minister Pinarayi Vijayan has strongly condemned the " Sangh Parivar attacks " on Christmas celebrations in the state, stating that such "cultureless" acts were an "insult to Kerala and its people". He made these comments in his Christmas Eve greetings posted on social media. Vijayan was referring to the recent disruption of festivities at a school in Palakkad by VHP activists and the destruction of a symbolic crib created by children at another school by unidentified miscreants, which sparked protests across the state. The Kerala State Minorities Commission registered a suo motu case and sought a report from police on the incidents reported from Nalleppilly and Thathamangalam in the district. "Religions are not walls that divide people. Instead, they should serve as messengers of humanity and love, uniting people like pearls on a string," Vijayan said. "We view all celebrations as opportunities to share the sweetness of love. People from different faiths come together for each other's festivities. This is the tradition of Kerala. The openness to accept and understand others' beliefs and to see their joys as one's own is a unique trait of Malayalis. Our strength lies in maintaining religions as beautiful expressions of humanity and brotherhood," he added. Vijayan stated that some petty communal forces were attempting to weaken this unity and turn religious faith into a cause for hatred. "Recent attacks by certain groups against Christmas celebrations highlight this reality. We must stand together against these cultureless acts that insult Kerala and its people," he said. The chief minister emphasised that Malayalis had a responsibility to resist such people and protect the true essence of this land. "Let the birth of Jesus Christ be filled with messages of humanity and love. Jesus' life demonstrated that faith is not just a ritual but a realisation of love for humanity. Christ is an eternal symbol of sacrifice and martyrdom. Jesus embraced the helpless and raised his voice against injustices as a call for liberation," he said. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , Location Guesser and Mini Crossword . Spread love this holiday season with these Christmas wishes , messages , and quotes .

December 24, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked trusted source proofread by Idun Haugan, Norwegian University of Science and Technology Iceland has a long and rich literary tradition. With its 380,000 inhabitants, the country has produced many great writers, and it is said that one in two Icelanders writes books. This literary tradition stretches all the way back to the Middle Ages. "Previously, the theory was that Iceland was so dark and barren that the Icelanders had to fill their lives with storytelling and poetry to compensate for this. But Icelanders were certainly part of Europe and had a lot of contact with Britain, Germany, Denmark and Norway, among others," said Tom Lorenz, a Ph.D. research fellow at the Department of Language and Literature at NTNU. He is hunting down hidden and forgotten pieces of Iceland's Sagas' literary history and has published an article in the journal Gripla (in Icelandic). "The Icelanders were part of a common European culture, and Iceland has been a great knowledge society for a long time," he said. Royal lineage We can thank the Icelanders for our relatively good overview of the royal lineage here in Norway, right from the early Viking Age up to the death of Magnus V Erlingsson in 1184. Icelandic "skalds" were skilled and sought after, and Norwegian kings engaged skalds to ensure that their story and their feats would be told and passed on. In the Middle Ages, the Icelanders wrote down these oral traditions both in Latin and in Old Norse. Snorri Sturluson was the last and most important in a long line of saga writers who wrote down the kings' sagas in the 13th century. This is how the kings' sagas were preserved. "In addition to sagas, eddic poems, and skaldic verse, scientific literature and political treaties were also written in Iceland during the Middle Ages," Lorenz said. Valuable vellum Books and texts from this period were written on parchment , which is animal skin that has been carefully processed so it can be written on. In Iceland, only exclusive calfskin was used to make parchment. Calfskin parchment is called vellum, and it took dozens of calves to create enough vellum for one book. Vellum was a very valuable material. If a book became worn out or obsolete, the parchments were reused. Some were used to make tools, among other things, and one fragment that has been preserved was made into a miter—a type of ceremonial headgear worn by the bishop of Skálholt in Iceland. Many parchments were also reused as covers for new books. Unique to Iceland A common method for reusing old manuscript pages was to remove the original text by scraping and polishing so that the parchment could be used to create new books and manuscripts. This is called a palimpsest. "Palimpsests were common in the Middle Ages across Europe, and were particularly widespread in Iceland. Although literarily rich, Iceland was a poor country. The supply of expensive parchment was limited, while the demand was high because the Icelanders had much they wanted to communicate," said Lorenz. In Iceland, parchment was also reused for printing books after Gutenberg invented the printing press in the 15th century. "The fact that there are printed palimpsest books in Iceland and not just handwritten palimpsest parchments is unique in a European context, and this has not been studied before," Lorenz emphasized. Discover the latest in science, tech, and space with over 100,000 subscribers who rely on Phys.org for daily insights. Sign up for our free newsletter and get updates on breakthroughs, innovations, and research that matter— daily or weekly . Abandoning Latin in favor of the vernacular In Iceland, as elsewhere in Europe, texts and books were written in Latin during the Middle Ages, especially liturgical texts used in ecclesiastical contexts. Latin was the predominant written language of Catholic Europe. But then came the rebellious priest Martin Luther, the man who started the great protest movement against the powerful Catholic Church. In the wake of Martin Luther and the Reformation in 1517, many northern European countries converted to Protestantism, including Iceland between 1537 and 1550. The Reformation brought an end to ecclesiastical manuscripts and books being written in Latin. The language of the common man was now to be used. Latin script was scraped off existing parchments so they could be used for new texts written in Icelandic, and these became palimpsests. Old text shines through "In documents and books made from palimpsest parchments, fragments of the old, original text can sometimes be seen beneath the new text," said Lorenz. The texts and words that have been scraped away can also be retrieved using modern techniques, such as infrared rays, but quite a lot of the old text can often be read with the naked eye. And it is in the hidden remnants of old Icelandic parchments written in Latin that Lorenz is searching for hidden and forgotten pieces of history. He examines the preserved fragments from these ancient books and also studies the different forms of parchment recycling and reuse. "My goal is to create virtual reconstructions of some of the ancient fragments that have survived to shed new light on previous eras' culture and society," said Lorenz. However, this involves finding the remnants of the palimpsests, and they are few and far between. "Hardly any Latin books from medieval Iceland have survived. Due to their rarity, recycled parchment from disassembled Latin books is one of our most important sources in the history of medieval Icelandic books," said Lorenz. Drained Iceland of medieval literature "I follow Latin traces from Icelandic manuscripts, but the Latin written material has been forgotten. Previous research has focused mostly on texts in Old Norse in Icelandic manuscripts," he said. From the 17th century onwards, Old Norse texts became important in the building of identity, national pride and power in the Nordic countries. In Denmark, the Icelander and archivist Árni Magnússon (1663–1730) was tasked with collecting medieval documents from both Iceland and the rest of the Nordic countries. At this time, Iceland was under Danish rule in the absolute monarchy of Denmark-Norway. Árni Magnússon was particularly interested in texts about Icelandic history. He scoured the market, almost draining Iceland of medieval literature, and built a large collection of handwritten books, the Arnamagnæan Collection. The collection is now part of UNESCO's Memory of the World Program. Tracking down unknown text fragments However, Árni Magnússon was most interested in books written in Old Norse, not in Latin. He used parchments from the Latin books as covers for the Old Norse books. In the early 20th century, the book covers were removed and stored separately, and few people have shown much interest in them—until now. These ancient book covers are among the parchments that Lorenz is studying in his search for hidden and forgotten fragments of history. Between 1971 and 1997, half of Árni Magnússon's book collection was returned from Denmark to Iceland, and half of the original collection of 3,000 manuscripts is now back in its country of origin. However, some medieval manuscripts are still located in archives and museums in Norway, Denmark, and also Sweden. So, Lorenz's search has taken him on a journey through the nooks and crannies of many archives. "I have identified several previously unidentified Latin fragments related to Iceland. These new discoveries contribute to greater knowledge about which theological and liturgical texts were in circulation in medieval Iceland. The texts show that medieval Icelanders followed and participated in European intellectual culture," said Lorenz. The text fragments he has found include hymns, prayers, sermons, hagiographies and church music. It started with the Vikings Lorenz is from Schleswig-Holstein in Germany, which used to be part of Denmark-Norway. He developed an interest in the Viking Age and saga literature at an early age, which led him to study Nordic languages in Kiel. He is now a Ph.D. research fellow at the Department of Language and Literature at NTNU's Center for Medieval Studies. He has also chosen to learn Norwegian Nynorsk in addition to Norwegian Bokmål. "I am fascinated by small phenomena and therefore chose to learn Nynorsk when I started my studies in Norway. It is probably also why I became fascinated and intrigued by the fragments of history that might be contained in the small, hidden and forgotten palimpsests that have remained unknown until now," said Lorenz in fluent Nynorsk. More information: Tom Lorenz, Endurvinnsla og endurnýting í íslenskum uppskafningum frá miðöldum og á árnýöld, Gripla (2024). DOI: 10.33112/gripla.35.1 Provided by Norwegian University of Science and Technology

European markets opened higher on Tuesday, in a shortened trading session for Christmas Eve. At the opening bell, the pan-European Stoxx 600 was up by around 0.3%, with all sectors in positive territory. Tech stocks were among those leading the gains, following a strong trading session on Monday for U.S.-listed technology shares. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are Stocks in Europe ended Monday's session slightly higher, as investors reacted to more disappointing economic news out of the U.K., and the Stoxx 600 was lifted by a recovery in the share price of pharmaceuticals giant Novo Nordisk. Novo Nordisk resumed its rally on Tuesday, rising to the top of the Stoxx 600 during early deals and adding 5.7% by 8:09 a.m. London time. Shares of the Danish pharmaceuticals giant were recovering from last week's major sell-off , which followed disappointing results from the trial of its CagriSema weight loss drug. There is no economic data expected out of Europe on Tuesday. Overnight in Asia , stocks were in mixed territory as investors monitored the monetary policy outlook in Japan , the blockbuster merger between autos giants Honda and Nissan and faltering consumer confidence in South Korea . Trading is expected to be muted across the globe this week as multiple markets close early onTuesday and will remain shuttered on Wednesday for Christmas Day. Also on CNBC Holiday-thinned markets cheered by strong Wall Street finish Britain's economy flatlined in the third quarter, revised figures show Inflation and dot plots

TEHRAN – The Islamic Revolution Guards Corps (IRGC) has killed or detained at least 76 suspected terrorists during a major counter-terrorism military exercise in the southeastern province of Sistan and Baluchestan. The IRGC Ground Force announced on Saturday that 26 terrorists have been killed and 50 captured since the drill began on November 1, with an additional 12 surrendering to the authorities. The "Martyrs of Security" exercise was launched following an October 26 attack that claimed the lives of 10 Iranian law enforcement officers in Taftan city. The so-called Jaish al-Adl terrorist group claimed responsibility for the attack. Brigadier General Ahmad Shafaei, the drill’s spokesperson, indicated the exercise aims to enhance rapid response capabilities while clearing the region of terrorist presence. The exercise takes place in a province that has experienced repeated terrorist activities along its border with Pakistan. The maneuver represents one of the largest counter-terrorism efforts in the province in recent years. Founded in 2012, Jaish al-Adl has carried out multiple attacks in the region, resulting in the deaths of hundreds of Iranian civilians and security personnel. Iran's Foreign Minister Abbas Araghchi recently indicated that these terrorist attacks are connected to wider Israeli aggression against the country.