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WASHINGTON (Reuters) -A senior White House official on Thursday said nuclear-armed Pakistan is developing long-range ballistic missile capabilities that eventually could allow it to strike targets outside of South Asia, including in the United States. In his stunning revelation about the onetime close U.S. partner, Deputy National Security Advisor Jon Finer said Islamabad's conduct raised "real questions" about the aims of its ballistic missile program. "Candidly, it's hard for us to see Pakistan's actions as anything other than an emerging threat to the United States," Finer told the Carnegie Endowment for International Peace audience. "Pakistan has developed increasingly sophisticated missile technology, from long-range ballistic missile systems to equipment that would enable the testing of significantly larger rocket motors," he said. If those trends continue, Finer said, "Pakistan will have the capability to strike targets well beyond South Asia, including in the United States." His speech came a day after Washington announced a new round of sanctions related to Pakistan's ballistic missile development program, including on the state-run defense agency that oversees the program. (Reporting by Jonathan Landay; Editing by Leslie Adler and Jonathan Oatis)Joel Dahmen's 'half-court' putt keeps PGA Tour status aliveNASSAU, Bahamas — Scottie Scheffler brought a new putting grip to the Hero World Challenge and felt enough improvement to be satisfied with the result, a 5-under 67 that left him three shots behind Cameron Young on Thursday. Young was playing for the first time since the BMW Championship more than three months ago and found great success on and around the greens of Albany Golf Club, chipping beautifully and holing four birdie putts from 15 feet or longer for his 64. He led by two shots over Justin Thomas in his first competition since his daughter was born a few weeks ago. Thomas ran off four straight birdies late in his round and was a fraction of an inch away with a fifth. The big surprise was Scheffler, the No. 1 player in golf who looked as good as he has all year in compiling eight victories, including an Olympic gold medal. His iron play has no equal. His putting at times has kept him from winning more or winning bigger. He decided to try to a "saw" putting grip from about 20 feet or closer — the putter rests between his right thumb and his fingers, with his left index finger pointed down the shaft. "I'm always looking for ways to improve," Scheffler said. Scheffler last year began working with renowned putting instructor Phil Kenyon, and he says Kenyon mentioned the alternative putting grip back then. "But it was really our first time working together and it's something that's different than what I've done in the past," Scheffler said. "This year I had thought about it from time to time, and it was something that we had just said let's table that for the end of the season, take a look at it. "Figured this is a good week to try stuff." He opened with a wedge to 2 feet and he missed a 7-foot birdie putt on the par-5 third. But he holed a birdie from about the same distance at the next par 5, No. 6, and holed a sliding 6-footer on the ninth to save par. His longest putt was his last hole, from 12 feet for a closing birdie. "I really enjoyed the way it felt," he said. "I felt like I'm seeing some improvements in my stroke." Young, regarded as the best active player without a PGA Tour victory, is treating this holiday tournament as the start of a new season. He worked on getting stronger and got back to the basics in his powerful golf swing. And on this day, he was dialed in with his short game. He only struggled to save par twice and kept piling up birdies in his bogey-free round on an ideal day in the Bahamas. "The wind wasn't blowing much so it was relatively stress-free," Young said. Patrick Cantlay, along with Scheffler playing for the first time since the Presidents Cup, also was at 67 with Ludvig Aberg, Akshay Bhatia and Sahith Theegala. Thomas also took this occasion to do a little experimenting against a 20-man field. He has using a 46-inch driver at home — a little more than an inch longer than his regular driver — in a bid to gain more speed. On a day with little wind, on a golf course with some room off the tee, he decided to put it in play. "Just with it being a little bit longer, I just kind of have to get the club out in front of me and get on top of it a little bit more," Thomas said. "I drove the hell out of it on the back, so that was nice to try something different and have it go a little bit better on the back." Thomas said the longer driver gives him 2 or 3 mph in ball speed and 10 extra yards in the air. "It's very specific for courses, but gave it a try," he said. Conditions were easy enough that only four players in field failed to break par, with Jason Day bringing up the rear with a 75.
By CHRISTOPHER RUGABER WASHINGTON (AP) — President-elect Donald Trump on Tuesday named Andrew Ferguson as the next chair of the Federal Trade Commission . He will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars’ worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior . Ferguson is already one of the FTC’s five commissioners, which is currently made up of three Democrats and two Republicans. “Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country,” Trump wrote on Truth Social, adding, “Andrew will be the most America First, and pro-innovation FTC Chair in our Country’s History.” Related Articles National Politics | Donald Trump is returning to the world stage. So is his trolling National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television National Politics | What will happen to Social Security under Trump’s tax plan? The replacement of Khan likely means that the FTC will operate with a lighter touch when it comes to antitrust enforcement. The new chair is expected to appoint new directors of the FTC’s antitrust and consumer protection divisions. “These changes likely will make the FTC more favorable to business than it has been in recent years, though the extent to which is to be determined,” wrote Anthony DiResta, a consumer protection attorney at Holland & Knight, in a recent analysis . Deals that were blocked by the Biden administration could find new life with Trump in command. For example, the new leadership could be more open to a proposed merger between the country’s two biggest supermarket chains, Kroger and Albertsons, which forged a $24.6 billion deal to combine in 2022. Two judges halted the merger Tuesday night. The FTC had filed a lawsuit in federal court earlier this year to block the merger, claiming the deal would eliminate competition, leading to higher prices and lower wages for workers. The two companies say a merger would help them lower prices and compete against bigger rivals like Walmart. One of the judges said the FTC had shown it was likely to prevail in the administrative hearing. Yet given the widespread public concern over high grocery prices, the Trump administration may not fully abandon the FTC’s efforts to block the deal, some experts have said. And the FTC may continue to scrutinize Big Tech firms for any anticompetitive behavior. Many Republican politicians have accused firms such as Meta of censoring conservative views, and some officials in Trump’s orbit, most notably Vice President-elect JD Vance, have previously expressed support for Khan’s scrutiny of Big Tech firms. In addition to Fergson, Trump also announced Tuesday that he had selected Jacob Helberg as the next undersecretary of state for economic growth, energy and the environment.
Cincinnati Bengals quarterback Joe Burrow's home was broken into during Monday Night Football in the latest home invasion of a professional athlete in the US. No one was injured in the break-in, but the home was ransacked, according to a report provided by the Hamilton County Sheriff's Office. Burrow was away playing in a 27-20 win over the Dallas Cowboys in Texas. A person employed by Burrow arrived at the Anderson Township home on Monday night to find a shattered bedroom window and the home in disarray. Deputies weren't immediately able to determine what items were stolen and have reached out to neighbours in an attempt to piece together surveillance footage. The homes of Kansas Chiefs stars Patrick Mahomes and Travis Kelce were broken into in October. In the NBA, Milwaukee Bucks forward Bobby Portis had his home broken into November 2 and Minnesota Timberwolves guard Mike Conley Jr.'s home was burgled on September 15 while he was at a Minnesota Vikings game. Portis had offered a $40,000 reward for information. Both the NFL and NBA issued security alerts to players after those break-ins, urging them to take additional precautions to secure their homes. In league memos previously obtained by The Associated Press, the NFL said homes of professional athletes across multiple sports have become "increasingly targeted for burglaries by organized and skilled groups." And the NBA revealed that the FBI has connected some burglaries to "transnational South American Theft Groups" that are "reportedly well-organised, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices." Some of the burglary groups have conducted extensive surveillance on targets, including attempted home deliveries and posing as grounds maintenance or joggers in the neighborhood, according to officials.
Latam FX kickoff December lower; Brazil's real extends slideHornets point guard LaMelo Ball will miss at least 2 weeks with a left calf strain
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Why China’s red bosses are in tizzy over its youth Edmund Burke said, “The arrogance of age must submit to be taught by youth.” What is China’s youth trying to tell its leadership today? A spate of incidents in recent weeks has given communist bosses a scare. First, thousands of students were seen cycling more than 30 miles from Zhengzhou to Kaifeng in central China, all for a soup-dumpling breakfast. This march of the young was initially encouraged by Chinese authorities, before they got cold feet and cracked down on cycle rides. Then eight people were killed and 17 injured in a stabbing spree on a college campus in eastern China. The suspect was reportedly lashing out for failing an exam, not receiving his graduation certificate, and dissatisfaction over internship compensation. All of this will give authoritarian China’s leadership sleepless nights, as the economy slows down and prospects for the youth dim. Recall that it was young people protesting with blank papers that forced Chinese authorities to lift their extreme Covid restrictions in 2022. But it’s not just China. The young everywhere are always a potential disruptor of the status quo. They can galvanise nations or herald revolutions. Be it the fall of the Berlin Wall, Vietnam or the Ukrainian Euromaidan protests, it’s the young who struck the first blow, brought about great change. The lesson for China: listen closely to the young. What motivates them? What troubles them? Is the economic situation causing them to despair? Is the stress of exams taking a toll? Is social media distorting their perception of reality? Reading the pulse of counter-culture trends is vital. Is Banksy a youth icon in West? Are lots of India’s young listening to the tunes of Sidhu Moose Wala? Understand, then connect. Don’t stifle. Oldies in power don’t always get this.WEST PALM BEACH, Fla. — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. Related Story: Dollar Dominance Challenged by BRICS Alliance While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system. The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar’s dominance is threatened, however, with BRICS’ growing share of GDP and the alliance’s intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.” Related Story: Putin Accuses US of ‘Weaponizing’ the Dollar At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is “no chance” BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen “should wave goodbye to America.” Related Story: US Dollar’s Role as Global Reserve Currency Secure Research shows that the U.S. dollar’s role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump’s latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.CORK, Ireland , Dec. 5, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls"), a global leader for smart, healthy and sustainable buildings, today announced the pricing of its offering of $250 million senior notes due 2032 (the "Additional Notes"). The Additional Notes will be a further issuance of, and form a single series with, the existing $400 million aggregate principal amount of 4.900% senior notes due 2032 that were originally issued on September 14, 2022 by the Company and Tyco Fire & Security Finance, S.C.A., a subsidiary of the Company, as co-issuer. The net proceeds of the Additional Notes will be used for general corporate purposes, including the repayment, redemption or refinancing of outstanding commercial paper and other near-term indebtedness. General corporate purposes may also include acquisitions, additions to working capital, repurchase of ordinary shares, dividends, capital expenditures and investments in the Company's subsidiaries. The closing for the transaction is expected to occur on December 10, 2024 , subject to certain customary closing conditions. BofA Securities and US Bancorp are serving as joint lead book-running managers to facilitate the transaction. Barclays, BBVA and UniCredit Capital Markets are also serving as book-running managers of the offering. The offering of the Additional Notes is being made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement. Copies of the prospectus supplement and the base prospectus may be obtained by contacting BofA Securities, Inc. toll-free at 1-800-294-1322; or U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607. Investors may also obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission's website at www.sec.gov . This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Johnson Controls: At Johnson Controls, we transform the environments where people live, work, learn and play. As a global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering. Today, with a global team of experts, Johnson Controls offers the world's largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry. Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements Johnson Controls International plc has made statements in this communication that are forward-looking and therefore are subject to risks and uncertainties. Forward-looking statements may be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls' control, that could cause actual outcomes to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: Johnson Controls' ability to develop or acquire new products and technologies that achieve market acceptance and meet applicable quality and regulatory requirements; the ability of Johnson Controls to execute on its operating model and drive organizational improvement; Johnson Controls' ability to successfully execute and complete portfolio simplification, including the completion of the divestiture of the Residential and Light Commercial business, as well as the possibility that the expected benefits of such actions will not be realized or will not be realized within the expected time frame; the ability to hire and retain senior management and other key personnel, including successfully executing Johnson Controls' Chief Executive Officer succession plan; the ability to innovate and adapt to emerging technologies, ideas and trends in the marketplace, including the incorporation of technologies such as artificial intelligence; the ability to manage general economic, business and capital market conditions, including the impact of recessions, economic downturns and global price inflation; fluctuations in the cost and availability of public and private financing for Johnson Controls' customers; the ability to manage macroeconomic and geopolitical volatility, including supply chain shortages and the conflicts between Russia and Ukraine and Israel and Hamas; managing the risks and impacts of potential and actual security breaches, cyberattacks, privacy breaches or data breaches, maintaining and improving the capacity, reliability and security of Johnson Controls' enterprise information technology infrastructure; the ability to manage the lifecycle cybersecurity risk in the development, deployment and operation of Johnson Controls' digital platforms and services; changes to laws or policies governing foreign trade, including economic sanctions, tariffs, foreign exchange and capital controls, import/export controls or other trade restrictions; fluctuations in currency exchange rates; changes or uncertainty in laws, regulations, rates, policies, or interpretations that impact Johnson Controls' business operations or tax status; the ability to adapt to global climate change, climate change regulation and successfully meet Johnson Controls' public sustainability commitments; risks and uncertainties related to the settlement with a nationwide class of public water systems concerning the use of Aqueous Film-Forming Foam; the outcome of litigation and governmental proceedings; the risk of infringement or expiration of intellectual property rights; Johnson Controls' ability to manage disruptions caused by catastrophic or geopolitical events, such as natural disasters, armed conflict, political change, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments; any delay or inability of Johnson Controls to realize the expected benefits and synergies of recent portfolio transactions; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; and the cancellation of or changes to commercial arrangements. Investors are therefore cautioned not to place undue reliance on any forward-looking statements. For further discussion of certain of these factors, see Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024 , filed with the U.S. Securities and Exchange Commission (the "SEC") on November 19, 2024 and in our subsequent and future filings with the SEC, which are available at www.sec.gov . Investors should understand that it is not possible to predict or identify all such factors and should not consider this list to be a complete statement of all potential risks and uncertainties. The forward-looking statements included in this communication are made only as of the date of this communication, unless otherwise specified, and, except as required by law, the Company assumes no obligation, and disclaims any obligation, to update forward-looking statements to reflect events or circumstances occurring after the date of this communication. INVESTOR CONTACTS: MEDIA CONTACT: Jim Lucas Danielle Canzanella Direct: 414.340.1752 Direct: 203.499.8297 Email: jim.lucas@jci.com Email: danielle.canzanella@jci.com Michael Gates Direct: 414.524.5785 Email: michael.j.gates@jci.com View original content to download multimedia: https://www.prnewswire.com/news-releases/johnson-controls-prices-senior-notes-offering-302324369.html SOURCE Johnson Controls International plcCanada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table
Share Tweet Share Share Email Electrical Solutions, the official representative of EKF in Russia, has been honored with the Breakthrough Brand title in the 2024 Brand of the Year awards. This demonstrates a mission to adapt to market needs and deliver practical solutions. The Brand of the Year awards acknowledge businesses that influence their industries through constant development, and the company stands out for its contributions to advancing electrical solutions. This milestone for Electrical Solutions comes alongside other achievements, including the expansion of its product range and the implementation of sustainability initiatives. Representing the global brand EKF, Electrical Solutions has worked to meet the increasing demands of a growing market while exploring new technologies. Innovation with a Practical Focus Electrical Solutions has focused on providing useful and reliable products. Over the past few years, the company has rolled out several new technologies aimed at simplifying processes for businesses and professionals. For instance, the launch of the TERACOM line of telecommunications equipment in 2023 introduced tools designed to integrate seamlessly with modern industrial systems. In 2024, the company expanded its telecommunications offerings to include active equipment, reflecting a focus on staying ahead of market demands. Another notable development is the EKF Connect Industry platform, which enables businesses to monitor production processes and energy consumption in real time. Tools like this have made it easier for users to manage resources effectively. The Marketing Director for the company commented, “This recognition is a result of our efforts to address real-world challenges with solutions that align with market needs. It’s encouraging to see these initiatives acknowledged at this level.” Electrical Solutions: Progress Beyond Product Innovation This recent recognition extends beyond product development. Sustainability has also been a key focus. One innovative program, launched in 2022, introduced measures to reduce waste and improve energy efficiency while ensuring safe and fair working conditions. These efforts earned them a spot in the ESG index, where it was rated “second level” for meeting high standards in environmental, social, and governance (ESG) practices. The program also supports employee development and community engagement. This broader focus helps balance the company’s goals for business growth with responsible practices that benefit stakeholders. The emphasis on ESG principles aligns with EKF’s broader vision of being a sustainable and forward-thinking brand. Scaling for the Future As a Brand Representative of EKF In addition to continuing with its ongoing initiatives, Electrical Solutions is looking to make major expansions to support its growth. The company is planning to become a joint stock company and will have an initial public offering (IPO) in 2025–2027. The move is expected to draw investments there to fund higher capacity production and new projects. The company has already grown its product range to 427 items, including modular equipment, sockets, and telecommunications solutions. With plans to further expand its facilities and add advanced manufacturing technologies, they aim to meet the growing demand for electrical solutions. Localizing production has been another priority, helping the company streamline logistics and maintain quality standards. A Recognition of Efforts Winning the Brand of the Year award highlights efforts to address challenges in the electrical solutions market. Rather than relying on flashy campaigns, the company has focused on practical improvements and meaningful contributions. The award is a reflection of its ability to grow while remaining responsive to the needs of professionals and businesses alike. That recognition also highlights the need for innovation to achieve the same. Electrical Solutions has been working closely with the brand as the official representative of EKF to bring innovative solutions to the market. The key to success has been sustainability initiatives, product development, and working with industry professionals. Growth and Responsibility Balance As it looks ahead, Electrical Solutions is balancing growth with responsibility. The IPO will help the company expand its operations, but the company will continue to maintain high standards in quality and sustainability. It is localizing production to create a more efficient and reliable supply chain that is beneficial to partners and end users. A central role in the company’s plans is also the company’s focus on sustainability. ESG FAST TRACK is an example of how businesses can put environmental and social goals on the same level as financial goals. A balanced approach ensures that Electrical Solutions and EKF will be able to continue to produce meaningful contributions to the Russian electrical equipment market. Moving Forward While winning Brand of the Year is a great milestone, it’s only one part of the larger story for Electrical Solutions. It’s clear that the company is doing the right things to adjust to changing industry needs and establish a base for long-term growth. The approach it took, which was based on working on practical tools, expanding its capabilities, and human sustainability principles, is thoughtful. The company Electrical Solutions has plans for further expansion, new product launches, and will continue to represent EKF to be an important brand in the electrical solutions industry in Russia. From here forward, we expect the needs of the company’s partners and customers to remain its priority so that growth also serves the interests of all stakeholders. Related Items: Electrical , Industry Share Tweet Share Share Email Recommended for you Top 5 Platforms for Tracking Climate Technologies and Industry News Exploring the Future of Metals | Innovations and Trends in the Industry Augmented Reality in Civil Engineering: Revolutionizing the Industry CommentsSantiago Suárez would be out of ‘Domingos de fiesta’ after accusation of sexual abuse
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