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Assad In Moscow: Russian Media Confirms Syrian Prez’s Escape As Rebels Seize DamascusEmployees at The Strand, one of New York City’s most iconic bookstores, have walked off the job after authorizing a strike, according to a recent report from Gothamist . The 110 unionized workers at the Strand decided to strike in the middle of the holiday sale season to demand a pay increase above minimum wage, according to Gothamist. Labor organizers have told the news outlet that for now, the three-story book store — noted for having “18 miles of books” —is being staffed solely by managers, part-time employees and administrative staff which are not part of the union. Unionized employees from the Strand, who are a part of the United Auto Workers (UAW) union, are looking for a wage increase from $16 to $18 dollars an hour, Gothamist reports. “That’s far from enough for workers in the city,” Aaron Eisenberg, political director of the regional UAW told Gothamist. “Our workers at the Strand will continue to be on strike until the owners come back to the table with a real offer.” At the end of November, workers at the Strand voted to organize the strike, with well over 90% approving of the action, according to reporting from The Chief . The last contract for the unionized employees ended on Nov. 28 and there was some belief that the strike could take place on Black Friday, according to The Chief.
1 2 Lucknow: Lucknow University on Tuesday distributed around 2,100 tablets among students who completed their post-graduation in 2024 as part of the UP govt's Digishakti scheme. The initiative aims to enhance digital access and learning for students, aligning with the state govt's vision of empowering youth through technology. The distribution of tablets will continue till Nov 30. Students from various departments received the devices during a ceremony held on the campus. The programme emphasized the importance of digital tools in advancing education and enabling students to stay competitive in a technology-driven world. "The tablet will help me access online resources and improve my academic performance. I am thankful to govt for this thoughtful initiative and also to the university," said MA sociology student Siddharth Srivastava. The Digishakti scheme reflects govt's commitment to fostering digital inclusion and equipping students with resources to excel in their educational journey.Trump weighing options for treasury pick
Sail star Wearn takes spell from his gold Olympic classSeveral entities connected to Adani Group have approached the Securities and Exchange Board of India ( Sebi ) seeking settlement in a case that alleges violations of public shareholding norms through unfair practices at four listed companies of the infrastructure conglomerate. Emerging India Focus Funds (EIFF), a Mauritius-based foreign portfolio investor (FPI) that Sebi alleges is linked to Vinod Adani , the older half-brother of Gautam Adani, last week proposed a settlement amount of ₹28 lakh, according to documents reviewed by ET. Additionally, group flagship Adani Enterprises (AEL) director Vinay Prakash and Ambuja Cements director Ameet Desai (whose role in his capacity as an AEL director in 2014 is the subject of the present matter) have each offered ₹3 lakh as settlement amount. Adani Enterprises has also sought to settle the case. 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Settlement applications do not amount to an admission or denial of guilt. While ET is aware of applications by four entities, it's possible that all Adani entities involved have filed for settlement, since legal strategy tends to be formed at a group level. "Sebi is yet to take a view on the settlement applications," according to one person close to the development. Apart from these four entities, the regulatory body issued show cause notices to 26 other entities, including Gautam Adani, his brothers Vinod, Rajesh and Vasant, nephew Pranav (Vinod's son) and brother-in-law Pranav Vora. You Might Also Like: Adani Green Energy shares rally 9% after Gautam Adani responds to bribery allegations and legal scrutiny Another person close to developments, who asked not to be named, said group entities are contesting the charges and the settlement application is only procedural. "Filing a settlement application is the normal course of process for any corporate that has been served a show cause notice because if you don't file within 60 days, you forfeit your right for settlement," the person said. "Group entities have also separately filed a response to the show cause notice, contesting the charges and requesting inspection of the documents on which the charges are based. The settlement application is only a precautionary measure by way of abundant caution. This is without admitting or denying the charges and to buy peace," the person added The notices questioned why the entities should not face action, including possible securities market debarment, for the alleged violations. The four listed companies under scrutiny are Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone , and Adani Energy Solutions (formerly Adani Transmission). These, in their second quarterly results of FY25, acknowledged receiving show cause notices about wrongful classification of promoter shareholding as public shareholding. Sebi has also sought to recover wrongful gains exceeding ₹2,500 crore, allegedly accumulated by Vinod Adani and his affiliated entities through establishing intricate structures for acquiring shares in the four companies. Other recipients of the show cause notice include Gautam Adani's childhood friend and Adani Wilmar director Malay Mahadevia; Adani Green Energy managing director Vneet Jaain, who was recently charged by the United States for allegedly committing securities and wire fraud; and Dharmesh Parikh, auditor of several Adani Group companies and the "personal chartered accountant of the promoters," according to the notice. Gautam Adani, Prakash, Desai, Mahadevia, and Jaain, along with nine additional Adani Group directors, have been accused of not adhering to the mandatory public shareholding norms in the companies on whose boards they serve, the Sebi notice read. A spokesperson for EIFF said, "Unfortunately, we won't be able to comment," directing ET to contact the four listed Adani companies. Emails sent to Adani Group companies, including its promoters and directors, foreign entities and foreign nationals linked to the Adani case, didn't elicit any response till press time. Sebi too did not respond to ET's queries. Investigation Backdrop The case dates back to June-July 2020, when Sebi received complaints regarding non-compliance with minimum public shareholding requirements by Adani Group companies. Rules mandate a listed company must maintain public shareholding of at least 25%. This is meant to ensure that a meaningful part of a company's equity is publicly traded, and there's adequate liquidity in the trading of shares. Sebi launched a formal inquiry on October 23, 2020, examining transactions from September 1, 2012, to September 30, 2020. According to the show cause notice, the investigation uncovered a scheme involving two FPIs-EIFF and EM Resurgent Fund (EMR)-and a foreign investor, Opal Investments, whose shareholdings were connected to Adani Group promoters, specifically Vinod Adani. They had acquired shares of the four listed Adani companies to present apparent compliance with public shareholding requirements. Shares of Adani Enterprises were acquired during its offer-for-sale (OFS), while shares of Adani Ports were purchased during its institutional placement programme (IPP), and shares of Adani Power were gained through a merger. The three foreign investors also purchased shares of Adani Energy Solutions. Before the OFS and IPP, public shareholding in Adani Enterprises and Adani Ports was 20% and 23%, respectively. Subsequently, public shareholding-including shareholding of the two FPIs, EIFF and EMR-increased to 25% in both Adani companies. Common Link According to Sebi's investigation, Singapore-incorporated EIFF and Mauritius-based EMR shared Global Opportunities Fund (GOF) from Bermuda as a common shareholder. GOF's shareholders comprised Mid East Ocean Trade & Investment of Mauritius (Mid East), Lingo Investments (now Southeast Citrine Trade & Investment), Gulf Asia Trade & Investment and Gulf Arij Trading. These four shareholders received funding from Nasser Ali Shaban Ahli, a UAE national who maintained close business and financial ties with Vinod Adani. Chang Chung-Ling, a Taiwanese national, served as a director across these four foreign firms, while Tejal Ramanlal Desai, an Adani Group employee, held power of attorney. Through a related entity, GOF engaged UAE-based Excel for investment advice. Excel operated as a wholly-owned subsidiary of Assent Trade & Investment. According to Sebi, Vinod Adani has submitted that "Excel and Assent were held by Asankhya Resources Family Trust, settled by him." While funding came from a single source through Ahli, investment decisions came from Excel, owned and controlled by Vinod Adani, the regulator said. Sebi observed that the two FPIs always voted in line with the promoters of Adani companies, unlike other FPIs. They never went against the promoters on important matters such as approval of related party transactions, re-appointment of promoter-directors, and approval of financials. This voting pattern, when seen together with the investment advisory agreements, indicated Vinod Adani's control over the FPIs' shareholding rights, the markets watchdog noted. Despite this, these holdings were incorrectly classified as "public," rather than promoter group shareholding, Sebi observed. The markets regulator has sought recovery of ₹1,984 crore from nine parties, including Vinod Adani, Ahli and Chang, and ₹601 crore from five parties including Vora and Parikh. (You can now subscribe to our Economic Times WhatsApp channel )
The Canberra rental market faces uncertainty heading into the new year, as prices grow at slower rates than the five-year average. Black Friday Sale Subscribe Now! Login or signup to continue reading All articles from our website & app The digital version of Today's Paper Breaking news alerts direct to your inbox Interactive Crosswords, Sudoku and Trivia All articles from the other regional websites in your area Continue Canberra rents moved into positive territory in November after going backwards since the middle of 2024, CoreLogic data shows. The rental values of houses in the capital hit a five-year low in June 2022. The cost of renting a house was up 2.7 per cent in the year to November 2024, and units were up 1.2 per cent. CoreLogic's head of research Tim Lawless expected some further recovery in rental prices come January, due to increased demand from first-timers to the ACT. "That is typically a strong time for rents, so we are likely to see a further boost for investors in the early part of 2025," he said. The head of property management at Bastion Property Group, Stephanie Traycevska, said enquiries from Defence staff and diplomats had already begun. She expected an upswing from people taking on public service graduate roles in the new year. Ms Traycevska expected the inner south to be a particular hotspot in early 2025. "We expect prices to go up slightly in the new year, particularly towards the end of January," she said. Ms Traycevska said properties rented for $600 to $750, particularly in suburbs like Barton and Kingston, were likely to be the most in-demand come the new year. "It has to be [balanced] because if rents are too expensive, people will go into the older suburbs," she said. "People will make a longer commute and just deal with it "For landlords to keep an investment property while there are high interest prices, we have to look at prices at least staying stagnant, if not going up," Ms Traycevska said. January is a time in which the Canberra rental market tends to heat up. Picture supplied Renters are already feeling the strain of rising prices in the ACT's inner suburbs and are opting for established share houses or renting directly through landlords, one agent said. MORE PROPERTY NEWS : Where are Canberra's most expensive streets in 2024? Coveted site now pegged for more than 120 apartments Rental housing supply boost promised under tax tweaks From broken drains to wasp nests, the little things add up for Jessica But leasing consultant at Hayman Partners, Jacinda Hledik, did not expect prices to increase in the new year. Despite the small uptick in rental prices, vacancy rates were higher than this time last year. "The rise in remote work in recent years has reshaped the landscape," she said. "Since 2022-23, we have observed a shift as some public servant employees embrace coastal lifestyles and working remotely while stepping away from Canberra's rental market," Ms Hledik said. Mr Lawless said a federal election thrown into the mix in early 2025 could also create a time for new renters to get into the market on lower prices. "For Canberra, an election is quite meaningful. The market tends to pause in the lead-up," he said. "I always think it is good to get [into the market] counter-cyclically. "There might not be as much stock in the market but you will probably have less competition," Mr Lawless said. Share Facebook Twitter Whatsapp Email Copy Lucinda Garbutt-Young Journalist Lucinda is The Canberra Times' property and development reporter. She was previously a producer at this masthead and a reporter at the Newcastle Herald.Got a tip? Email: l.garbutt-young@austcommunitymedia.com.au Lucinda is The Canberra Times' property and development reporter. She was previously a producer at this masthead and a reporter at the Newcastle Herald.Got a tip? Email: l.garbutt-young@austcommunitymedia.com.au More from Canberra Award-winning mathematician calls for 'revolutionary change' in primary school maths 35m ago No comment s 'I'm looking forward to Canberra life': Bill Shorten on his move to the capital No comment s Police seek witnesses and footage after multiple driving incidents Festive season in full swing with hundreds singing carols in the park No comment s This Canberra star needed stitches, and the first thing she said will stun you No comment s One book a month has a large ripple effect in the Kippax community No comment s Newsletters & Alerts View all DAILY Your morning news Today's top stories curated by our news team. Also includes evening update. Loading... 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After delay, Trump signs agreement with Biden White House to begin formal transition handoffCLEVELAND (AP) — Tariq Francis had 23 points in NJIT's 78-69 win against Morehead State on Wednesday night. Francis also had five rebounds for the Highlanders (1-7). Sebastian Robinson went 8 of 18 from the field (4 for 7 from 3-point range) to add 21 points. Tim Moore Jr. had 16 points and shot 4 for 8 (3 for 5 from 3-point range) and 5 of 5 from the free-throw line. Kenny White Jr. led the Eagles (2-4) in scoring, finishing with 34 points, seven rebounds, five assists and two steals. Kade Ruegsegger added 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .The Kraw Lecture Series aims to help audiences better understand the big picture behind scientific research at UC Santa Cruz and the broader trends at play. This tradition continues with the December 4 talk on how artificial intelligence (AI) is accelerating the scientific pursuit, to be given by a UC Santa Cruz scientist whose work with AI has deepened as today's technologies generate massive amounts of data in his fields of research. Distinguished Professor J. Xavier Prochaska will describe the rise of large datasets in astronomy and oceanography on the sky and ocean, and then explain how AI enables scientists to perform unprecedented analyses. His talk will trace the arc of the scientific endeavor to decipher our past, to understand the dynamics of the world we currently experience and observe, and to try and predict our future. The theme of Prochaska's talk, "Sea Meets the Stars," takes its name from the fact that he is now leading research in both oceanography and astronomy. Each field has experienced the so-called "big data revolution" fueled by fundamental, technology-driven changes to data collection and analysis in science. Now, with the AI revolution upon us, its impacts are being tempered by the rigor and greater scrutiny of the scientific method. J. Xaiver Prochaska Prochaska began working with AI in his astronomy research in 2017. Currently, he is leading one of two research projects at UC Santa Cruz funded by the National Science Foundation's Collaborations in Artificial Intelligence and Geosciences program. His team will combine cutting-edge AI with vast datasets to gain new insights into ocean dynamics and disseminate these and related software to the wider community. Specifically, they plan to develop a sophisticated AI technique to analyze satellite measurements and high-resolution ocean model outputs. After years of achieving success and acclaim for his groundbreaking research in astrophysics, Prochaska won a Pivot Fellowship from the Simons Foundation in 2022 to spend a year focusing on oceanography. Born and raised in Rhode Island, Prochaska earned an undergraduate degree in physics from Princeton University, and a Ph.D. in physics from UC San Diego, where he spent his fellowship year in 2023, at the Scripps Institution of Oceanography. His December 4 Kraw Lecture will go from 6 to 7 p.m. and be held at UC Santa Cruz's Silicon Valley Campus in Santa Clara, at 3175 Bowers Avenue. The free event will start with an in-person reception at 5:30 p.m. All are welcome, and registration is encouraged .MANCHESTER, England (AP) — Manchester City's players were booed by their own fans Tuesday after blowing a three-goal lead against Feyenoord in the Champions League to extend their winless run to six games. Jeers rang around the Etihad Stadium after the final whistle of a dramatic 3-3 draw. After five-straight losses in all competitions, City looked to be cruising to victory after going three up inside 50 minutes. But Feyenoord mounted an improbable comeback and leveled the game in the 89th minute to leave the home crowd stunned. While the worst losing streak of Guardiola’s managerial career was brought to an end, his wait for a first win since Oct. 26 goes on. Erling Haaland had scored twice, with Ilkay Gundogan also on target to put City in control. But goals from Anis Hadj Moussa in the 75th, Santiago Gimenez in the 82nd and David Hancko in the 89th turned the game on its head. City's players, including Bernardo Silva, Josko Gvardiol and Haaland looked visibly frustrated as they left the field to cheers of the delirious traveling Dutch fans in the away section of the stadium. City plays Premier League leader Liverpool on Sunday — defeat would leave it 11 points adrift of its title rival. James Robson is at https://twitter.com/jamesalanrobson AP soccer: https://apnews.com/hub/soccer
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