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The Prime Minister is set to visit British troops serving on Russia’s border as he says Ukraine will require more funding and capability. Sir Keir Starmer was speaking at the Joint Expeditionary Force (JEF) conference in Estonia where he met leaders of other Baltic states. After signing an energy partnership with Norwegian Prime Minister Jonas Gahr Store in Bergen, Sir Keir flew to Estonia where he spoke alongside Mr Store and their Estonian counterpart Kristen Michal. Asked what else could be done to support Ukraine, Sir Keir said: “There is an ever-increasing demand for more capability. That is understandable, and Ukraine needs all the capability that it can get, so I think all of us have put in more capability into Ukraine by way of equipment.” He added: “A lot of money has been raised, funding has been raised, but more is going to be needed.” The Prime Minister’s also discussed making the economic case at home for continued support for Ukraine. Sir Keir said: “Making the case on the significance of Ukraine, making the case, to double down, linking it back to each of our countries – what does it mean for us if Russia succeeds, is a really important question that we have to answer with our people to make it clear why it is that we are so supportive of Ukraine, why it is that we must stand with our allies on this, why it is we must make sure that Nato is put in the strongest position as well. “Now, this is a different world to the world of 10, 20 years ago, to recognise the world that we are living in, there’s a positive case as well to be made. “Defence spending doesn’t sort of sit in a silo over here with no effect on the rest of the economy, no effect on technology. “It has a huge effect on technologies, the cutting edge of technology and change which can then be used in other areas. “It binds countries together. I think all of us have got joint projects on in terms of defence capabilities that bind us together. There’s a huge number of well-paid jobs that are very important to our economy in defence spending as well. “But we have to make that positive case. I don’t personally feel that we can sort of sit back and assume that all of those in our respective countries necessarily accept all of our arguments unless we make them in that positive way, which I do think the argument can and should and must be made. “But the challenge that you put to us is the right challenge, which is it’s very difficult when finances are tight, as they are in all of our countries.” On Tuesday morning the Prime Minister will meet Taavi Madiberk, the founder of Estonian tech start-up manufacturing low-cost air defence missiles, Frankenburg Technologies, which is planning to open a new office in London Specialising in the manufacture of the missiles, the rapidly growing company already collaborates closely with the UK defence industry, sourcing a significant portion of its subsystems locally, including from propulsion specialists Roxel in Worcestershire. The Prime Minister will again attend the JEF summit, joining leaders from the Nordics and Baltics to discuss support for Ukraine, the sustained threat posed by Russia and wider European security. He will then visit British forces serving in the region to deter malign Russian threats.
Benchmark Reaffirms “Buy” Rating for Bitdeer Technologies Group (NASDAQ:BTDR)The Quell® platform will strengthen our position as a significant player in the bioelectronic health and wellness sector Company to discuss acquisition and host investor Q&A in a webcast today at 4:30 p.m. EST ROCKAWAY, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- electroCore, Inc. (“ECOR,” “electroCore,” or the “Company”) (Nasdaq: ECOR), a commercial-stage bioelectronic medicine and wellness company, announced today it has entered into a definitive agreement to acquire NeuroMetrix, Inc. (“NeuroMetrix” or “NURO”) (Nasdaq: NURO), including its Quell platform, positioning itself as a diversified, commercial-scale player in non-invasive health and wellness treatments. NURO is a commercial stage healthcare company that develops and commercializes neurotechnology devices to address unmet needs in the chronic pain and diabetes markets. It has two product categories: Quell®: a wearable, app and cloud-enabled neuromodulation platform that is indicated for the treatment of fibromyalgia symptoms (Quell Fibromyalgia) and lower-extremity chronic pain (Quell 2.0); and DPNCheck®: a point-of-care screening test for peripheral neuropathy, which product line is expected to be divested by NURO prior to consummation of the acquisition The acquisition of NeuroMetrix will accelerate electroCore’s efforts to become a significant player in the bioelectronic health and wellness sector by expanding its product portfolio of non-invasive therapies for medical conditions and general wellness product offerings, while expanding its technological capabilities through the Quell mobile application and health cloud platform. The transaction does not include the DPNCheck technology and business, which is expected to be divested by NeuroMetrix prior to closing of the transaction. “We are confident we can leverage our established distribution channels, especially the VA Hospital System, to accelerate adoption of the Quell Fibromyalgia solution,” stated Dan Goldberger, CEO of electroCore, inc. “NeuroMetrix has spent many years developing the Quell commercial asset, and electroCore has developed a strong commercial organization for our own prescription and direct-to-consumer nerve stimulation solutions. This acquisition will immediately increase our addressable market, and diversify our portfolio of non-pharmaceutical, non-invasive nerve stimulation offerings. We are incredibly excited to add the Quell product lines to our portfolio and we expect this acquisition to be accretive to our top and bottom lines. Following the transaction, we expect ECOR to be the leading publicly traded neuromodulation platform focused on wellness and chronic pain.” U.S. consumers spend nearly $20 billion annually out-of-pocket for chronic pain treatments. Approximately 6% of US adults suffer from Fibromyalgia, with few treatment options. Quell Fibromyalgia is a prescription, non-invasive, nerve stimulation device that is FDA-authorized, covered by 27 issued U.S. patents, and is enabled by a proprietary, custom designed microchip that provides flexible, precise, high-power nerve stimulation in a form factor the size of a credit card. NeuroMetrix Historical Financial Results For the three months ended September 30, 2024, NURO reported: Total revenue of $600,000 Quell revenue of $184,000, a 50% increase over the year ago period in 2023 Operating expenses of $2.1 million Net loss of $1.5 million The transaction has been unanimously approved by the boards of directors of both companies and is expected to close around the end of the first quarter of 2025. Consummation of the transaction is subject to approval by the shareholders of NURO, and the filing with the Securities and Exchange Commission (the “SEC”) of NURO’s Form 10-K with respect to the fiscal year ended December 31, 2024, in addition to certain customary closing conditions. Additional information on the transaction can be found in a Current Report on Form 8-K filed by electroCore, Inc. with the SEC. Transaction and Integration ECOR will purchase all of the outstanding shares of NURO for the equivalent of NURO’s balance of net cash at the closing of the transaction, after deduction of certain management compensation payments and other severance costs, transaction expenses and other accrued liabilities. NURO stockholders will also receive one non-tradeable contingent value right (the “CVR”) per share of NURO common stock owned. Each CVR will represent the right to receive (i) certain future net proceeds from any divestiture of NURO’s DPNCheck platform that is consummated prior to the closing of the transaction with electroCore and (ii) certain royalties, up to an aggregate maximum of $500,000, on net sales of prescription Quell® products over the first two years following the closing of the transaction. NURO stockholders will be paid cash at closing. The merger consideration is expected to be paid with cash on hand of the combined company after the consummation of the acquisition. The transaction is not expected to be materially dilutive to ECOR cash or equity at close. “We plan to focus immediately on growing the prescription Quell Fibromyalgia business through our existing channels, driving both scale and efficiency,” added Mr. Goldberger. “We believe revenue growth from the Quell product line can be accelerated quickly in our established channels and longer term, we are excited about possible label extensions, as well as leveraging the Quell mobile app platform. Sales and Marketing Expense of the combined Company will continue to scale with revenue (primarily commissions) but we expect there to be relatively little long-term impact on other elements of electroCore operating expenses in 2025 and beyond.” Webcast and Conference Call Information electroCore’s management team will host a webcast today, December 17, 2024, beginning at 4:30 PM EST. Investors interested in joining the webcast may register by clicking through the following link: Investor Webcast - NURO Transaction An archived webcast of the event will be available on the “Investors” section of the company’s website at: www.electrocore.com . About NeuroMetrix, Inc. NeuroMetrix, Inc. is a commercial stage healthcare company that develops and commercializes neurotechnology devices to address unmet needs in the chronic pain and diabetes markets. The company's products are wearable or hand-held medical devices enabled by proprietary consumables and software solutions that include mobile apps, enterprise software and cloud-based systems. The company has two commercial brands. Quell ® is a wearable neuromodulation platform. DPNCheck ® is a point-of-care screening test for peripheral neuropathy. For more information, visit www.neurometrix.com . About electroCore, Inc. electroCore, Inc. is a commercial stage bioelectronic medicine and wellness company dedicated to improving health through its non-invasive vagus nerve stimulation (“nVNS”) technology platform. Our focus is the commercialization of medical devices for the management and treatment of certain medical conditions and consumer product offerings utilizing nVNS to promote general wellbeing and human performance in the United States and select overseas markets. For more information, visit www.electrocore.com . Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the federal securities laws, including under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding the merger with NeuroMetrix, Inc., electroCore's business prospects, its sales and marketing and product development plans, future cash flow projections, anticipated costs, its product portfolio or potential markets for its technologies, the availability and impact of payor coverage, the potential of nVNS generally in particular to accelerate training, and other statements that are not historical in nature, particularly those using terminology such as "anticipates," "expects," "believes," "intends," other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to obtain additional financing necessary to continue electroCore's business, sales and marketing and product development plans, the uncertainties inherent in the development of new products or technologies, the ability to successfully commercialize nVNS products, competition in the industry in which electroCore operates and general market conditions. Important risk factors that may cause such a difference include, but are not limited to: (i) the proposed transaction may not be completed on anticipated terms and timing, (ii) a condition to closing of the transaction may not be satisfied, including obtaining shareholder and any regulatory approval, (iii) the anticipated tax treatment of the transaction may not be obtained, (iv) the potential impact of unforeseen liabilities, future capital expenditures, revenues, costs, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of the businesses of NeuroMetrix and electroCore after the consummation of the transactions, (v) potential litigation relating to the proposed transaction that could be instituted against the parties or their respective directors, (vi) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions, (vii) any negative effects of the announcement, pendency or consummation of the transactions on the market price of electroCore’s or NeuroMetrix’s common stock and on their businesses or operating results, (viii) risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction, (ix) the risks and costs associated with the integration of, and the ability of electroCore to integrate the Quell business successfully, (x) the risk that disruptions from the proposed transaction will harm the parties’ respective business, including current plans and operations, (xi) the ability of electroCore or NeuroMetrix to retain and hire key personnel and uncertainties arising from any business or leadership changes, (xii) legislative, regulatory and economic developments, and (xiii) the other risks described in electroCore’s or NeuroMetrix’s most recent annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the SEC. No listing of risk factors should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on electroCore’s or NeuroMetrix’s consolidated financial condition, results of operations, or liquidity. All forward-looking statements are made as of the date of this press release, and electroCore undertakes no obligation to update forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law Additional Information and Where to Find It In connection with the proposed transaction, NeuroMetrix intends to file a preliminary and definitive proxy statement. The definitive proxy statement and proxy card will be delivered to NeuroMetrix’s stockholders in advance of the special meeting relating to the proposed acquisition. Each of electroCore and NeuroMetrix also plan to file other relevant materials with the SEC in connection with the proposed transaction. INVESTORS IN AND SECURITY HOLDERS OF NEUROMETRIX ARE URGED TO READ THE DEFINITIVE PROXY IN ITS ENTIRETY WHEN IT BECOMES AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR WILL BE FURNISHED BY EACH OF ELECTROCORE AND NEUROMETRIX WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION, RELATED MATTERS AND THE PARTIES TO THE PROPOSED TRANSACTION. Materials filed by electroCore and NeuroMetrix can be obtained free of charge at the SEC’s website, www.sec.gov. In addition, materials filed by electroCore can be obtained free of charge at electroCore’s website, www.electrocore.com, and materials filed by NeuroMetrix can be obtained free of charge at NeuroMetrix’s website, www.neurometrix.com. Contact ECOR Investor Relations (973) 302-9253 investors@electrocore.comFormer University of Ruhuna Vice Chancellor Prof. Sujeewa Deshapriya Amarasena has filed a Fundamental Rights petition in the Supreme Court, contesting his recent removal from the position. The petition was filed yesterday by the legal counsels representing him. Prof. Amarasena claims his dismissal was politically motivated and marred by procedural irregularities, particularly in the appointment of a Competent Authority to replace him. His petition argues that the removal constitutes an act of political victimisation following the recent Presidential and Parliamentary elections. Prof. Amarasena was first appointed Vice Chancellor in March 2019 after securing 13 out of 26 votes in the selection process. His initial tenure was extended for a further 3 years in March 2022, reflecting the achievements and progress observed at the university under his leadership. During his term, the university underwent a significant transformation, including a 90% increase in student intake and attaining an A grade in the Institutional Review by the University Grants Commission (UGC). Notably, he spearheaded initiatives to combat ragging, introducing stringent measures such as the dismissal and rehabilitation of students involved in such harmful practices. Under his stewardship, ragging was eradicated, fostering a safer and more inclusive environment for students. Beyond addressing ragging, Prof. Amarasena in the petition said he implemented key reforms aimed at promoting transparency and meritocracy within the university system. He ended reliance on predatory publications for academic promotions, ensured fair and transparent recruitment processes, and introduced the video recording of interviews to eliminate favouritism and inbreeding. He also pursued financial accountability, recovering funds owed by individuals who had violated their bond agreements with the university. This included a prominent case involving a former Secretary of the Federation of University Teachers’ Association (FUTA), who had evaded repayment for over a decade. Despite these accomplishments, Prof. Amarasena contends his removal is the result of targeted political retaliation. Following the elections in September and November 2024, he faced increasing opposition from the FUTA, trade unions, and politically affiliated student groups. These factions allegedly organised protests and blockaded university operations, preventing him from fulfilling his duties. The petitioner asserts that the UGC, acting under pressure from the ruling Government, sought to undermine his position and replace him with candidates aligned with the current administration’s political interests. Prof. Amarasena notes that such interference was limited to the universities of Ruhuna and Colombo, which, he argues, highlights the selective targeting of his administration. The removal process, as detailed in the petition, was riddled with procedural flaws and violations of his constitutional rights. Prof. Amarasena claims the UGC’s recommendation to appoint a Competent Authority effectively sidelined him without due process or a fair hearing. He argues that his removal lacked a factual or legal basis under the provisions of the Universities Act, rendering it arbitrary and unreasonable. His petition asserts violations of his fundamental rights under the Constitution, including equality before the law, freedom from discrimination based on political opinion, and the right to engage in lawful employment. An Extraordinary Gazette notification was issued in late November appointing Senior Prof. R.M.U.S.K. Rathnayake as the Competent Authority to act in lieu of the Vice Chancellor of the University of Ruhuna. The notification, issued by Prime Minister Harini Amarasuriya in her capacity as the Minister of Education, Higher Education, and Vocational Education, at the time said the decision was made after determining that the university’s administration had been negatively impacted and that the authorities had failed to restore normalcy. The Gazette further noted that Senior Prof. Rathnayake would assume all powers, duties, and functions conferred on the Vice Chancellor under the Universities Act and any related regulations, effective from 25 November. This development followed a continuous strike by academic and non-academic trade unions affiliated with the University of Ruhuna, which commenced on 19 November. The unions, supported by the Inter-University Students’ Federation (IUSF), had been demanding Prof. Amarasena’s immediate removal. The IUSF had also staged a Satyagraha in front of the Education Ministry, further intensifying the pressure on the administration. Despite the mounting opposition, Prof. Amarasena had categorically denied all allegations levelled against him and refused to resign. He had asserted that the accusations were baseless and part of a coordinated effort to undermine his leadership. Prof. Amarasena is now seeking a declaration from the Supreme Court that his removal is null and void, along with compensation for the violation of his fundamental rights. He has also requested interim relief to suspend the appointment of the Competent Authority and prevent further actions against him until the case is resolved. The petition also seeks interim relief to stay the appointment of the new competent authority. It further requests the Court annul the appointment of the new authority. The respondents named in the petition include Education Minister Dr. Harini Amarasuriya, the Secretary to the Ministry of Higher Education, the UGC, and the FUTA.
Numerology Predictions Today, December 27, 2024: Read your personalized forecast for numbers 1 to 9 Numerology, the mystical study of numbers and their influence on our lives, provides unique insights into our daily experiences and challenges. Based on the vibrational energies of the date and your personal number, today's forecast offers guidance to help you navigate career, relationships, health, and more. Whether you're a determined Number 1 or a compassionate Number 9, discover what the numbers have in store for you on this December day. Let the power of numerology guide your decisions and inspire your path forward. 1 (Those born on the 1st, 10th, 19th, and 28th of any month, are blessed with the Number 1) This is not the best time to handle government-related matters or pursue official approvals. You might find delays in payments or decisions, which could heighten your frustration. Stay patient and avoid pushing too hard to resolve such issues immediately, as the cosmic energies favor patience over aggression today. Use this time to reflect on alternative strategies for managing your financial concerns. Additionally, this is a day to maintain a low profile in professional dealings, as miscommunication or hasty decisions may backfire. Embrace flexibility in your approach and consider seeking advice from trusted mentors or colleagues. On the personal front, focus on grounding activities like journaling or meditation to calm your mind. Patience is your greatest ally now, and by practicing it, you'll set the stage for smoother progress in the coming weeks. Remember, persistence and calm can turn today's challenges into tomorrow's victories. 2 (Those born on the 2nd, 11th, 20th, or 29th of any given month, are ruled by the Numerology number 2) Duties and responsibilities may feel overwhelming today, leaving you emotionally drained and longing for some solitude. Your sensitivity is heightened, making you prone to bouts of self-pity. Avoid succumbing to these feelings and remember that this phase is temporary. Instead of retreating entirely, try to focus on small, manageable tasks that don’t demand too much emotional energy. Your lack of sociability today may lead others to misinterpret your actions as aloofness, but this is a day to prioritize self-care rather than external validation. Ground yourself through creative pursuits like music, art, or writing. Channeling your emotions productively will help lighten the emotional load. Be gentle with yourself and avoid harsh self-criticism. Take a step back from heavy conversations and instead focus on activities that bring you peace. By maintaining balance, you’ll find a renewed emotional strength that helps you navigate the days ahead. 3 (Those born on the 3rd, 12th, 21st, or 30th of any month are ruled by the Numerology number 3) Today, you’re feeling highly motivated to tackle unresolved issues, but this determination comes with a heightened level of irritability. You may find it challenging to maintain composure, especially in family interactions, where tensions seem to be simmering. Avoid reacting impulsively to disagreements, as it could escalate minor issues into bigger conflicts. This is an excellent time to focus on communication, but remember to approach discussions with empathy and patience. Professionally, you are driven to clear backlogs and complete tasks, so make the most of this energy to be productive. However, avoid overloading yourself, as this could amplify your edginess. Spend some time reflecting on the root causes of tension, particularly in your personal relationships, and consider proactive steps to resolve them. Meditation or physical exercise can be great outlets for your restless energy. By channeling your focus constructively, you’ll emerge stronger and more in control by day’s end. 4 (Those born on the 4th, 13th, 22nd, or 31st of any given month, are ruled by the Numerology number 4) Today may feel stagnant for you, as your usual drive and focus seem to be lacking. You might find yourself waiting for opportunities to come your way rather than actively pursuing them. This passive approach could lead to frustration if you set unrealistic expectations for things to happen effortlessly. While it’s natural to experience low-energy days, try to reframe this lull as an opportunity for introspection. Use the time to evaluate your goals and align them with actionable steps. Avoid falling into the trap of complacency—small efforts today can prevent bigger hurdles later. In personal relationships, there might be a tendency to withdraw or expect others to reach out first. Instead, take the initiative to nurture connections. Engage in grounding activities like decluttering your space or organizing tasks; these can help you feel a sense of achievement. With patience and gentle effort, this phase will pass smoothly. 5 (Those born on the 5th, 14th, or 23rd of any month, are ruled by the Numerology number 5) You’re feeling sharp and inquisitive today, with a mind that’s probing deeply into various matters. While this mental intensity can be an asset, it may also lead to conflicts if you become too overbearing in expressing your opinions. Be mindful of respecting boundaries in your conversations, as others may feel overwhelmed or defensive if you push too hard. This is a good day for brainstorming and coming up with innovative ideas, but ensure you approach discussions with diplomacy. On the personal front, you may feel a bit restless or impatient with routine activities. Take a short break to indulge in something spontaneous or adventurous—it could recharge your energy and lighten your mood. Balancing your assertiveness with empathy will ensure your ideas are well-received and your relationships remain harmonious. Keep in mind that collaboration often brings better results than confrontation, so seek common ground in your interactions. 6 (Those born on the 6th, 15th, or 24th of any month, are ruled by the Numerology number 6) Today, you are brimming with energy, but it manifests as aggression and competitiveness, which may not be conducive to smooth interactions with others. Your short temper and impatience can create tension in both personal and professional relationships. Take care to avoid letting minor irritations escalate into significant disputes. Family dynamics may be particularly strained, as your mood makes others hesitant to engage with you. While it’s natural to feel driven, channeling this energy constructively is key. Focus on physical activities like exercise or a creative project to release pent-up frustrations in a healthy way. Professionally, this is not an ideal day to make major decisions or take on new challenges. Instead, use this time to address smaller tasks that require attention to detail. Practicing mindfulness and self-awareness will help you navigate the day with greater ease and prevent your fiery energy from creating unnecessary conflict. 7 (Those born on the 7th, 16th, or 25th of any month, are ruled by the Numerology number 7) Today, you may find yourself under the influence of a close friend or confidant who suggests a path or decision that doesn’t align with your values. This could cause some inner conflict as you weigh the pros and cons of their advice. Trust your intuition—it is particularly strong today and will guide you to make decisions that are true to your personal integrity. Avoid acting impulsively or succumbing to external pressure. This is also a good day for introspection and spiritual growth. Spending time in solitude, journaling, or meditating can help you process your thoughts and reaffirm your boundaries. Professionally, focus on tasks that require creativity and introspection rather than collaboration. You have the strength to resist compromises that don’t align with your core beliefs. Remember, your authenticity is your greatest asset, and staying true to yourself will bring clarity and peace as the day unfolds. 8 (Those born on the 8th, 17th, or 26th of any month, are ruled by the Numerology number 8) The daily grind has been taking its toll, and today is the perfect opportunity to step away from your routine. You’re in need of a break to recharge your energy and regain perspective. Consider taking a day off or engaging in activities that spark joy and creativity. This could mean exploring a new hobby, taking a nature walk, or even spending time with loved ones in a relaxed setting. Professionally, try to delegate tasks or prioritize lighter responsibilities to ease the pressure. Avoid overcommitting or taking on new projects today. On the personal front, reconnecting with your inner child by indulging in playful or creative pursuits can bring much-needed relief. This pause will not only rejuvenate your spirit but also allow you to approach future challenges with renewed vigor and insight. Remember, self-care is not indulgence; it’s essential for long-term success and balance. 9 (Those born on the 9th, 18th, or 27th of any month, are ruled by the Numerology number 9) Today is a day of optimism and confidence for you, making it an excellent time to socialize and share your ideas with others. Your positive aura attracts support and admiration, especially for any projects or ventures you’re working on. This is an opportune moment to network and connect with people who can help you advance your goals. Your leadership qualities shine today, so don’t shy away from taking the initiative in both professional and personal settings. However, ensure you balance your enthusiasm with humility to maintain harmony in relationships. On the personal front, your charisma makes you a source of inspiration to those around you. Use this energy to foster connections and strengthen bonds with loved ones. Trust in your abilities and seize the opportunities that come your way. With your strong self-belief and determination, success is well within your grasp. Visual Stories Malavika Mohanan redefines elegance in a timeless red chiffon saree 9 morning habits to get rid of stomach discomfort 9 popular Korean desserts to try before 2024 ends Inside Alia Bhatt's love-filled Christmas celebration with Ranbir Kapoor, Raha and family 10 perfect baby names for kids born on a Thursday 10 countries with most cancer rates, see where India stands 10 things true friends don't do New Year dishes traditionally prepared in various Indian states In pics: Anil Ambani's grand and luxurious home 'Abode' Bigg Boss Photostories Featured In AstrologyHonda Motor Co. and Nissan Motor Co. are exploring a potential merger, according to people familiar with the matter, which would create a singular rival to Toyota Motor Corp. in Japan and better position the combined company to face competitive challenges around the world. The two carmakers have been holding preliminary talks about a combination, the people said Tuesday, asking not to be identified because discussions are private. One option being considered is the creation of a new holding company under which the combined businesses would operate, one of the people said. The transaction could also be expanded to include Mitsubishi Motors Corp., the person said. Discussions are early stage and may not lead to an agreement, the people said. While Honda and Nissan stopped short of confirming the merger talks, both automakers issued statements that reiterated their previous pledges for further future cooperation. “We will inform our stakeholders of any updates at an appropriate time,” Honda said in its statement. Such a deal would effectively consolidate the Japanese auto industry into two main camps: One controlled by Honda, Nissan and Mitsubishi and another consisting of Toyota group companies. It would also provide them with more resources to compete with larger peers globally after downsizing long-held partnerships with other carmakers. Nissan has loosened ties with France’s Renault SA and Honda has backed away from General Motors Co. The move toward a merger would follow a decision by the two companies earlier this year to work together on electric vehicle batteries and software. At that time, Honda Chief Executive Officer Toshihiro Mibe floated the possibility of a capital tie-up with Nissan. The two Japanese carmakers plan to sign a memorandum of understanding to discuss shared equity stakes in a new holding company, the Nikkei reported earlier in the day. The merger would help the manufacturers compete against rivals in electric vehicles such as Tesla Inc. and Chinese automakers, it said. American depositary receipts of Honda and Nissan shares climbed on the report. Nissan ADRs rose 12% and Honda’s gained 0.9% in late New York trading. In some ways, it could be seen as a defensive merger among Japan’s weaker players. Honda, Nissan and Mitsubishi combined sold about 4 million vehicles globally in the first six months of the year, well shy of the 5.2 million that Toyota sold on its own. Combining forces would allow the two companies to fend off Toyota, the world’s largest automaker, at home and abroad. Toyota has taken stakes in Subaru Corp., Suzuki Motor Corp. and Mazda Motor Corp., creating a powerhouse of brands backed by its top-notch credit rating. Honda’s valuation stood at 6.8 trillion yen ($44.4 billion) as of the close of trading in Tokyo on Tuesday, well above Nissan’s 1.3 trillion yen market capitalization. But even their combined value is dwarfed by Toyota’s 42.2 trillion yen. Honda has long struggled to keep up with bigger capitalized rivals when it comes to investments in new technologies. It recently has shifted gears to boost hybrid gas-electric vehicles even as it spends billions of dollars on all-electric production. At the same time, Honda’s arms-length partnership with GM has been weakened, most recently earlier this month when their self-driving car partnership ended. GM has strengthened its ties with South Korea’s Hyundai Motor Co. Nissan is in need of a partner to put it back on a stronger financial footing as it steps up restructuring efforts to cope with stalled revenue growth and lower profits. It faces pressure from an activist shareholder and a daunting debt load that has led to speculation in credit markets about its investment grade rating. The Yokohama-based company has partially unwound its complex 25-year strategic partnership with Renault, a fixation of former Chair Carlos Ghosn. Rivalries and mutual suspicion mounted over the years and came to a head when Ghosn openly contemplated a merger, contributing to his downfall. The former chairman and CEO, who has filed a suit against his former company for ousting him in 2018, warned of a “disguised takeover” of Nissan by Honda in an August interview with Automotive News. The merger talks come after the Financial Times said last month that Nissan was looking for an anchor investor to replace part of Renault’s equity holding and that it hadn’t ruled out having Honda buy some of its shares.The South South Media Network for Good Governance (SSMNGG) has felicitated with Amb (Mrs.) Amaba Sam-Ogbuku, on her birthday. SSMNGG said that Amaba Sam-Ogbuku’s life is a testament to the transformative power of grace, purpose, and unwavering commitment to humanity. In a statement issued on Saturday by the National Coordinator, Kenechukwu Obiajuru and Secretary, Comrade Theophilus Doumotimi, the statement noted that Dr Amaba Sam-Ogbuku has risen to become a shining star in the Niger Delta region. The statement added that Dr Amaba Sam-Ogbuku’s professional journey is a tale of remarkable achievements. It also stated that she served as an Administrative Assistant and Project Supervisor during her National Youth Service Corps year at the Ministry of Special Projects, Government House, Yenagoa. They averred that her outstanding performance earned her a position at Platinum Bank (now Keystone Bank) in 2003, where she worked in various capacities until 2009. The statement reads: “Amaba Sam-Ogbuku as a compassionate leader and philanthropist, has profoundly impacted the lives of countless individuals through the Amaba Sam-Ogbuku Empowerment Foundation (ASOF).” “Her visionary programmes in women empowerment and girl-child education have created a society where everyone thrives.” “Amaba Sam-Ogbuku’s contributions have not gone unnoticed. In 2024, she was recognized by the International Association of World Peace Advocates (IAWPA) for her humanitarian and peace-building efforts in the Niger Delta.” “She was also awarded an honorary Doctor of Philosophy degree in community development and social works by Kingdom Life University, Florida, USA.” “As you celebrate your her birthday today, the South South Media Network for Good Governance join in honoring your legacies, compassion, resilience, and achievements. “Happy Birthday, Amb. Dr. (Mrs.) Amaba Sam-Ogbuku.”The statement concluded.
Mickey, Minnie, Goofy and Wemby
The Biden administration is preparing to initiate a trade investigation into Chinese semiconductor imports, aiming to safeguard US national security and domestic industries. The move, expected in the coming days, focuses on older-model semiconductors, which are widely used in products such as medical devices, cars, smartphones, and weaponry, according to sources familiar with the matter. Section 301 Investigation into Unfair Trade Practices Officials have debated for months whether to proceed with the probe under Section 301 , which allows the US to impose trade restrictions on countries engaging in unfair trade practices. This week, the administration agreed to move forward, marking a significant step to shield the US semiconductor industry. The inquiry could lead to tariffs or import restrictions but is unlikely to conclude until President-elect Donald Trump’s team assumes office. By initiating the investigation now, the Biden administration ensures the incoming leadership will have the option to impose measures to protect domestic semiconductor production. White House Focus on Semiconductor Industry Bolstering the US semiconductor industry has been a central focus of Biden’s economic and national security policies. The administration has taken steps to limit advanced US technology exports to China while promoting domestic chip production through significant legislative incentives. “The Biden administration’s resolve to protect national interests has paved the way for this probe,” a source indicated, underscoring the critical role semiconductors play in national security and economic competitiveness. Global Competition and Concerns over Market Disruption Over the past two years, the US has imposed export controls on advanced semiconductors produced with American and allied technology. However, China has continued to manufacture older, more accessible chips at lower costs, raising concerns that Beijing could flood global markets with inexpensive semiconductors. Officials worry this strategy could drive US and allied manufacturers out of business, undermining efforts to expand domestic semiconductor production. In May 2024 , the White House announced plans to increase tariffs on Chinese legacy semiconductors from 25% to 50% by 2025. Despite this, Biden officials determined additional measures were necessary to prevent long-term disruptions. Looking Ahead: Incoming Trump Administration The upcoming trade probe aligns with a broader effort to curtail China’s influence in global semiconductor markets. As Biden’s term concludes, his administration’s decision ensures President-elect Trump’s team will have actionable findings and the authority to impose new tariffs or restrictions. By leveraging the same trade authority Trump previously used to impose tariffs on $300 billion worth of Chinese goods, Biden’s move underscores the bipartisan concern about China’s role in global technology markets and national security. The impending investigation highlights ongoing US efforts to counter Beijing’s trade practices while promoting domestic semiconductor production. With national security at stake, the Biden administration’s decision sets the stage for the next administration to address challenges in the global semiconductor industry. Read More : Elon Musk’s Net Worth Reaches Historic $500 BillionStarmer to visit troops serving on Russian border in push for Ukraine supportIron ore futures rose on Monday, aided by expectations of restocking by steelmakers in top consumer China, although high portside inventories and concerns about demand going into next year limited the gains. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) TIO1! ended daytime trade 0.84% higher at 780 yuan ($106.87) a metric ton, after hitting its lowest level since Nov. 19 at 762.5 yuan a ton earlier in the session. The benchmark January iron ore (SZZFF5) on the Singapore Exchange was up 1.06% at $101.7 a ton, as of 0700 GMT, after falling to $99.8, also its lowest since Nov. 19, earlier in the day. Expectations of buying by Chinese steelmakers before the upcoming holiday break provided some support to the key steelmaking ingredient, analysts said. “Although hot metal output has showed signs of softening, profitability among steelmakers has stabilised... steel mills continue to replenish iron ore,” analysts at Maike Futures said in a note. “We expect mills still need to restock around 10 million tons of iron ore before the Chinese New Year (CNY) holiday break.” Chinese steelmakers usually build up stocks ahead of the CNY, which starts from Jan. 28, to meet production needs during and after the holiday break. Average daily hot metal output fell 1.3% to 2.29 million tons in the week to Dec. 20, its lowest since early October, data from consultancy Mysteel showed. This was the fifth straight week of decline. Hot metal output is typically used to gauge iron ore demand. Portside stocks (SH-TOT-IRONINV) stood at 147.8 million tons as of Dec. 20, 30% higher than a year ago, data from consultancy Steelhome showed. Other steelmaking ingredients on the DCE were mixed, with coking coal NYMEX:ACT1! down 0.17% and coke (DCJcv1) up 1.22%. Source: Trading View
Patriots coach Jerod Mayo believes narrow loss to Bills shows potential of his young teamMumbai, Nov 23 (PTI) The outcome of the Maharashtra Assembly elections once again underscored the influence of political dynasties, with prominent families retaining their strongholds across the state, including the Thackerays and the Ranes. Shiv Sena candidate Nilesh Rane and his MLA brother from BJP Nitesh Rane, state minister Uday Samant and his brother Kiran Samant- both from Shiv Sena led by CM Ekanth Shinde- secured victories in the coastal regions of Sindhudurg and Ratnagiri, while the Thackeray family also registered successes in Mumbai. Also Read | Maharashtra Assembly Poll Results Unexpected, Incomprehensible; Something Fishy, Says Uddhav Thackeray. In Sindhudurg district, Nitesh Rane successfully retained his Kankavli seat, while his elder brother, Nilesh Rane, marked a major victory from the neighbouring Kudal constituency. Nilesh Rane, a former MP, defeated the incumbent Shiv Sena (UBT) MLA, Vaibhav Naik, from the Kudal constituency. Rane won by a margin of 8,176 votes, polling 81,659 votes in his favour. Also Read | Maharashtra Assembly Elections Results 2024: 5 Major Factors That Helped MahaYuti To Win Landslide Victory. Rane brothers' father and former Union minister Narayan Rane had also triumphed in the Lok Sabha elections earlier this year, continuing the family's political dominance in the region. Nitesh Rane successfully retained his Kankavli seat in Sindhudurg by trouncing his nearest rival Sandesh Parkar of Shiv Sena (UBT) by 58,007 votes. Nitesh garnered 1,08,369 votes and Parkar 50,362. Interestingly, the Rane brothers were not the only ones to dominate in the Konkan region. In the neighbouring Ratnagiri district, Uday Samant and his brother Kiran Samant won from Ratnagiri and Rajapur constituencies on Shiv Sena tickets, respectively. The victory marked Kiran Samant's political debut. Uday Samant polled 1,11,335 votes against his Shiv Sena (UBT) challenger Bal Mane. Kiran Samant polled 80,256 seats, defeating Shiv Sena (UBT) MLA Rajan Salvi by 19,677 votes. In Chhatrapati Sambhajinagar district in Marathwada region, Ranjanatai alias Sanjana Jadhav of Shiv Sena defeated her estranged husband, Harshavardhan Jadhav, an Independent candidate from the Kannad seat, in a bitterly contested race. Sanjana Jadhav polled 84,492 votes, defeating Harashvardhan by a margin of 18,201 votes. Sanjana's win added to the growing presence of Shiv Sena in the region, with her brother Santosh Raosaheb Danve, the incumbent BJP MLA, holding on to his Bhokardan seat in nearby Jalna district. In Mumbai, Aaditya Thackeray, son of Shiv Sena (UBT) chief Uddhav Thackeray, retained his Worli seat, trouncing his Shiv Sena rival Milind Deora by 8,801 votes. Aaditya and Deora scored 63,324 and 54,523 votes, respectively. Aaditya's cousin and Shiv Sena (UBT) nominee Varun Sardesai, handed a drubbing to NCP's Zeeshan Siddique in Vandre East constituency in Mumbai in his debut contest. Sardesi defeated Siddique, who contested elections days after his father Baba Siddique was shot dead, by 57,708 votes. Sardesai polled 11,365 votes and Siddique 46,343. Aaditya's father Uddhav Thackeray is an MLC. Mumbai BJP president Ashish Shelar successfully retained his Vandre West seat. However, his brother, Vinod Shelar, was defeated by Congress's Aslam Shaikh in a close contest from the Malad West seat. Ashish Shelar defeated Asif Zakaria of Congress. However, not all family-backed candidates had an easy run. In Latur, Dhiraj Deshmukh, the son of the late Vilasrao Deshmukh and Congress MLA from Latur rural, faced a setback, losing his seat to the BJP in a tightly contested race. His elder brother, Amit Deshmukh, managed to hold onto the Latur city seat after a fierce battle with the BJP's candidate Archana Patil Chakurkar. In the Bhokar constituency, former chief minister Ashok Chavan's daughter and BJP leader Sreejaya Chavan trounced her nearest Congress rival Tirupati Kadam by a margin of 50,551 votes in her debut bout. Sreejaya polled 1,33,187 votes, while Kadam managed 82,636 votes. As per the latest tally, the Mahayuti alliance has won 219 out of the 288 constituencies, while the MVA of Shiv Sena (UBT), NCP (SP), and Congress managed to secure just 42 seats. The counting of votes is still underway. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)Buccaneers looking to beat NFC South-rival Panthers and bolster hopes for a playoff berth
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Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion. AWS launched its first data centers in the state in 2016 and currently operates campuses in two counties in central Ohio, home to the capital city of Columbus . The new investment will allow AWS to expand its data centers to new sites, but the company said those locations have not been determined yet and noted that its investment plans are contingent upon the execution of long-term energy service agreements. AWS said the new data centers will contain computer servers, storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing, including artificial intelligence and machine learning. In June 2023, AWS said it would invest $7.8 billion by the end of 2029 to expand its data center operations in central Ohio. That was on top of $6 billion already invested through 2022.
LaLiga: He’s in an extraordinary form – Ancelotti glad to have striker back to Real Madrid squad
Pope Francis Divulges New Details About 2021 Assassination Attempts On Him In Iraq( MENAFN - media OutReach Newswire) SINGAPORE - Media OutReach Newswire - 27 December 2024 – BAKE Cheese Tart is back! The Japanese brand, recognised for its cheese tarts made with premium ingredients from Hokkaido, will open a new outlet at Takashimaya, Basement 2, 391 Orchard Road on 27 December 2024. The return of BAKE Cheese Tart introduces customers to its classic recipe, which balances a crisp, double-baked crust with a smooth cheese filling, offering a satisfying and versatile treat. The Story Behind Hokkaido's Finest Cheese Tarts Originating in Hokkaido, BAKE Cheese Tart started as a chilled dessert before evolving into its signature freshly baked version. The recipe blends Hokkaido cream cheese with a carefully developed double-baked crust to create a balance of flavours and textures. The tarts can be enjoyed in various ways: served warm for a light and airy texture, chilled for a denser cheesecake-like experience, or frozen for a creamy, ice-cream-like treat. This versatility has made the product a favourite among customers across regions. Lunar New Year Promotion: A Sweet Start to 2025 In celebration of its comeback, BAKE Cheese Tart is launching an exclusive promotion. From 27 December 2024 to 27 January 2025, customers who purchase six tarts (any flavour combination) will receive one complimentary Earl Grey Cheese Tart-a flavour available for the first time in Singapore. This Earl Grey delight features the classic creamy cheese filling infused with fragrant Earl Grey tea, offering a luxurious and aromatic twist to the iconic tart. Each set of six tarts will be packaged in a Lunar New Year-themed box. Availability is limited, and the promotion will run while stocks last. A Comeback Powered by Popular Demand BAKE Cheese Tart's return to Singapore is a response to overwhelming demand and fond memories from fans who fell in love with its iconic tarts. Known for drawing long queues and rave reviews, BAKE Cheese Tart has cemented its place as a beloved favourite among dessert enthusiasts. This grand comeback brings joy to its loyal following while introducing new generations to the irresistible taste of its freshly baked cheese tarts. MENAFN26122024003551001712ID1109033865 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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