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Coldplay Bassist Guy Berryman: ‘What We Have is Unbelievably Special’The stock market’s back-to-back gain of more than 20% may be setting the stage for another rally in 2025
Published 23:26 IST, December 21st 2024 External Affairs Minister S Jaishankar said on Saturday India can never permit others to have a veto on its choices. Mumbai: External Affairs Minister S Jaishankar said on Saturday India can never permit others to have a veto on its choices and will do whatever is right in the national interest and for the global good without being intimidated to “conform”. In a video message for a function in Mumbai, he said when India is etched more deeply in global consciousness, its repercussions are truly profound. In a world grappling with unhealthy habits, stressed lifestyles or recurring climate events, there is much learning to be gained from India’s heritage. But the world will only know when the countrymen take pride in it, he said. In an age of globalisation, technology and tradition must march together, said Jaishankar. “Bharat will inevitably progress but it must do so without losing its Bharatiyata. Only then can we truly emerge as a leading power in a multi-polar world,” he said. Jaishankar was conferred the 27th SIES Sri Chandrasekarendra Saraswati National Eminence Award. The awards are given in four fields – Public Leadership, Community Leadership, Human endeavour, Science and Technology and Social Leadership – with primacy on spiritualism. The awards are named after the late 68th Seer of Kanchi Kamakoti Peetam Sri Chandrasekarendra Saraswathi. The foreign minister did not attend the event but sent his video message. “Independence should never be confused with neutrality. We will do whatever is right in our national interest and for global good without being intimidated to conform. Bharat can never permit others to have a veto on its choices,” he said. He further said, “For too long we were schooled to visualise progress and modernity as a rejection of our heritage and traditions.” Perhaps this came from an affinity for imported models, or perhaps it was a discomfort with its own practices. But now as the deepening of democracy has thrown up more authentic voices, the country is rediscovering itself and finding again its own persona, the minister said. Jaishankar said India is an exceptional nation because it is a civilisation state. Such a country will only exercise influence when it fully leverages its cultural strengths in the global arena, he said. “To that it is essential that we ourselves, the younger generation, are fully aware of the value and significance of our heritage. This can be articulated at various levels, but most importantly it should have an impact at the societal level,” he said. Jaishankar said India is poised today at a crucial juncture. On the one hand, the last decade has demonstrated that it has the capabilities, confidence and, most importantly, the commitment to advance development across broad fronts. It has shown that the age-old problems of poverty, discrimination and lack of opportunities can be indeed addressed. On the global stage, it has established itself as an independent power but one committed to global good, especially the well-being of the global south, he said. “At the same time, however, the constraints and limitations that have long been our bane still remain in place. There are viewpoints and ideologies which are more pessimistic and even denigrating of ourselves,” added Jaishankar. With PTI Inputs Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. Updated 23:26 IST, December 21st 2024
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US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20. Since taking the lead at the SEC, the commission has been aggressive in its oversight of cryptocurrencies and other regulatory issues. President-elect Donald Trump had promised during his campaign that he would remove Gensler, who has led the U.S. government’s crackdown on the crypto industry and repeatedly called for more oversight. But Gensler on Thursday announced that he would be stepping down from his post on the day that Trump is inaugurated. Bitcoin has jumped 40% since Trump’s victory. Elon Musk's budget crusade could cause a constitutional clash in Trump's second term WASHINGTON (AP) — Donald Trump has put Elon Musk and Vivek Ramaswamy in charge of finding ways to cut government spending and regulations. It's possible that their efforts will lead to a constitutional clash. This week, Musk and Ramaswamy said they would encourage the Republican president-elect to refuse to spend money allocated by Congress, which would conflict with a 1974 law that's intended to prevent presidents from blocking funds. If Trump takes such a step, it would quickly become one of the most closely watched legal battles of his second administration. Musk and Ramaswamy also aim to dramatically reduce the size of the federal workforce. Bitcoin is at the doorstep of $100,000 as post-election rally rolls on NEW YORK (AP) — Bitcoin is jumping again, rising above $98,000 for the first time Thursday. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Stock market today: Wall Street climbs as bitcoin bursts above $99,000 NEW YORK (AP) — U.S. stocks are climbing after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 was pulling 0.7% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 532 points, or 1.2%, and the Nasdaq composite gained 0.2%. Banks, smaller companies and other areas of the stock market that tend do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields edged higher in the bond market. The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war WASHINGTON (AP) — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday. The action is intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining non-sanctioned bank would further diminish Russia’s military effort and “will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.” In addition, more than 50 internationally connected Russian banks 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions. Trump's incoming chief of staff is a former lobbyist. She'll face a raft of special interests WASHINGTON (AP) — As Donald Trump prepares to return to the White House, his election victory is likely to embolden those who think they can get his ear. There's the prospect that his second administration could face many of the same perils as his first, when there were influence-peddling scandals. That will test the ability of Susie Wiles, his incoming chief of staff, to manage a growing number of high-powered figures such as Trump’s children, son-in-law Jared Kushner and billionaires like Elon Musk. Wiles herself is a former lobbyist, but Trump's transition team rejected any suggestion that her past work would make her susceptible to pressure. House passes bill that would allow Treasury to target nonprofits it deems to support terrorism WASHINGTON (AP) — The U.S. House passed legislation that would give the Treasury Department unilateral authority to strip the tax-exempt status of nonprofits it claims support terrorism. It is a proposal that has alarmed civil liberties groups about how a second Trump presidency could use it to punish political opponents. The bill passed 219-184, with the majority of the support coming from Republicans who accused Democrats of reversing course in their support for the “common sense” proposal only after Donald Trump was elected to a second term earlier this month. It now goes to the Democratic-controlled Senate where its fate is uncertain. Boar's Head listeria outbreak is over with 10 dead and dozens sickened by tainted deli meat U.S. health officials say a deadly outbreak of listeria food poisoning tied to a massive recall of popular Boar's Head deli meats is over. Ten people died and 61 were sickened in 19 states in the outbreak. Illnesses were reported between late May and mid-September. The outbreak is considered over 60 days after the last reported illness. Boar's Head officials recalled more than 7 million pounds of deli meat distributed nationwide, shuttered a Virginia plant that made the products and permanently stopped making liverwurst. The company continues to face lawsuits and federal scrutiny.The semiconductor industry is experiencing a shakeup, with Taiwan Semiconductor Manufacturing Company (TSMC) and ASML at the center of attention. TSMC , the undisputed leader in semiconductor contract manufacturing, saw its stock soar over 90% this year due to the proliferation of chips and rising demand for AI technology. TSMC’s role as a vital partner for tech giants like Apple and Nvidia has strengthened its market position significantly. ASML , maker of the highly sought-after extreme ultraviolet (EUV) lithography machines used by TSMC and other industry titans, experienced a modest 5% decline in stock value in 2024. This downturn hasn’t diminished ASML’s pivotal role, as almost half its revenue this year arose from strategic dealings with China, despite export restrictions. TSMC’s thrived amid a booming demand for advanced chips, reporting impressive revenue growth of 36% in the third quarter of this year. The company’s ability to enforce significant pricing power has also bolstered its profits, predicting a promising outlook for 2025 as new fab operations in Japan ramp up production. Conversely, ASML faces a transitional phase as it advances its high-NA EUV technology. While negotiations with TSMC over high equipment prices have been ongoing, the first deliveries are set to occur by year-end, signaling a potential market rebound. Despite ASML’s challenges, its near monopoly on high-end chipmaking technology positions it favorably for long-term growth. Both companies present compelling opportunities for investors in 2025, with TSMC currently offering a more attractive valuation. Nonetheless, industry watchers could benefit from considering stakes in both semiconductor giants. Will TSMC and ASML Continue to Dominate the Semiconductor Industry in 2025? The semiconductor sector is experiencing a dynamic transformation, with companies like Taiwan Semiconductor Manufacturing Company (TSMC) and ASML leading the charge. As 2025 approaches, the market is focusing on potential industry trends, strategic moves, and the impacts of geopolitical factors on these key players. Market Analysis: TSMC’s Strategic Position TSMC has reinforced its stature as a cornerstone in semiconductor manufacturing due to substantial hikes in both demand and stock performance, specifically a 90% rise in its shares this year. This surge can be credited to its pivotal role in catering to tech behemoths such as Apple and Nvidia. The company’s impressive growth, notably a 36% increase in revenue in the third quarter, indicates a prosperous horizon. TSMC is expanding its fabrication operations to Japan, which is likely to enhance its production capacity and market share. ASML’s Technology: A Double-Edged Sword ASML, known for its unparalleled extreme ultraviolet (EUV) lithography technology, faces interesting prospects and challenges. Their stock experienced a 5% contraction in 2024; however, the company’s strategic involvement with China, comprising nearly half of its revenue, underscores its global influence despite ongoing export regulations. Additionally, the rollout of advanced high-NA EUV tools promises technological edge, albeit at higher negotiation costs with clients like TSMC. Innovations and Predictions: What’s Next? Key innovations such as the further development of high-NA EUV technology could redefine the chipmaking landscape. If successful, ASML’s dedication to technology advancement may trigger newfound growth opportunities. By delivering the first units by the end of the year, ASML is setting expectations for a market resurgence and cementing its status as a technological leader. Investment Considerations: The Pros and Cons – Pros : TSMC’s robust market position and ongoing expansion efforts make it an enticing prospect for investors. Its price agility and leading manufacturing capabilities cater to the accelerating AI demand, while ASML’s near-monopolistic hold on EUV technology secures its long-term potential. – Cons : Both companies face hurdles such as geopolitical tensions and evolving technological demands, which could temper growth. ASML’s stock contraction and the high costs of pioneering tech development present short-term challenges. Trends and Insights: Navigating Future Prospects As we look towards 2025, TSMC and ASML symbolize both resilience and adaptation within the semiconductor domain. These entities are expected to leverage their technological assets amidst a landscape rife with competition and innovation. For market enthusiasts, a balanced portfolio that includes stakes in both might provide a hedge against industry volatility. For further information on TSMC and ASML’s role in the semiconductor scene, you may visit their respective websites: TSMC and ASML .
Mocha Mousse sounds like a dessert for New Year’s Eve. Chocolatey and creamy, but with a coffee kick to keep you up till midnight. It is, in fact, Pantone’s ‘Color of the Year’, a shade that the colour management company decides can best “express a global mood and attitude” at this time. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for 2024 was a chaotic year and 2025 promises even more turmoil. Is that best expressed by “a warming, brown hue imbued with richness”, as Pantone describes it? Brown, as Philip Ball writes in Bright Earth, his history of artists and colour, is like a non-colour: “It sits on the border between a real colour and an achromatic one — a ‘dirty’ colour akin to grey. Brown is, in fact, a kind of grey biased towards yellow or orange.” Ball notes how, compared to costly materials like lapis-lazuli or gold, brown literally came from dirt. Burnt sienna was mined in Italy, becoming rich red-brown on heating. Earth pigments like ochre and umber were used in ancient cave paintings. Varnishing paintings with protective glazes also tended to darken them, forming the image of brownish ‘Old Master’ paintings. The 19th century Impressionists derided this as ‘brown gravy’ art, which they countered with fresh, bright colours. But the Industrial Revolution was turning their world brown. Claude Monet loved painting the heavy yellow-brown ‘pea-soup’ fog that enveloped London for days, and which we now see in Indian cities. Dusty cities, desert sands, sewage spills and flooding rivers all come in brown. For those who watch the news with gloom, Pantone’s choice of colour may seem all too apt. Brown has even darker associations. In the 18th century, a brown with an oddly dark stain became popular with artists. Sometimes called Egyptian brown, the more honest name was mommia, or ‘Mummy Brown’, since it was made by grinding up mummies embalmed with ingredients like myrrh that gave their flesh a brown colour. There were rumours that dealers who were short of mummies created new ones using the bodies of executed criminals. One horrified artist formally buried his paints when he learnt of their origin. Yet, brown has positive associations as well, especially linked to food. The company describes Mocha Mousse as “answering our desire for comfort” and many shades of brown are named after favourite foods, like caramel, chocolate and cinnamon. Different types of coffee, like espresso, cappuccino and latte, are used to name different shades, just as nut-brown can be differentiated into light almond, medium pecan, yellowish peanut and dark walnut. Cuttlefish were both prized as food and for their ink which appeared on paper in a mellow, slightly faded brown that was called sepia. Nigella Lawson, in her book Cook, Eat, Repeat, writes ‘A Loving Defence of Brown Food’. She laments how social media is quick to label brown foods, like stews, disgusting — but the real problem is that brown is hard to photograph: “To the naked eye, brown food is beautiful: Rich, warm, and full of depth and subtle variegation. None of this can be easily caught on camera...” The problem, she feels, is also textural. Slow cooking breaks down both the shape and colour of ingredients, reducing them to a brown mush. This is often really delicious, but it can also recall bland, badly cooked food shovelled down our throats as children. Brown poses a particular challenge for Indian foods. Turmeric, fenugreek and other yellow-brown spices combine with slow cooking to make this a dominant colour, which makes it an easy slur — brown food from brown people. Social media is full of such insults, yet in the real world, Indian food only gets more popular. Perhaps that is the real value of brown, reminding us in an image-obsessed world that flavour lies in more than just vivid colours.
Published 4:50 pm Friday, November 22, 2024 By Data Skrive If you’re seeking best bets for the Carolina Hurricanes’ upcoming contest against the Columbus Blue Jackets on Saturday at 7:00 PM ET, then you’ve found the right spot. Read on, as we provide our picks and predictions for this showdown. Sign up for ESPN+ today to watch 1,000+ out-of-market NHL games, ESPN+ Hockey Night & more. Bet on this or any NHL matchup at BetMGM. Pick OU: Over 6.5 (model projecting 6.7 goals) Bet on the total at BetMGM today! Hurricanes Moneyline: -249 Blue Jackets Moneyline: +202 Place your moneyline bet at BetMGM now! Prediction: Carolina 4, Columbus 3 Looking for officially licensed NHL gear? Fanatics has jerseys, hats, apparel, memorabilia, trading cards, collectibles and more. Date Opponent Score Home/Away Moneyline 11/17/2024 Blues W 4-1 Home -327 11/20/2024 Flyers W 4-1 Away -233 11/21/2024 Devils L 4-2 Away -104 11/23/2024 Blue Jackets – Away -249 11/25/2024 Stars – Home – 11/27/2024 Rangers – Home – 11/29/2024 Panthers – Home – Date Opponent Score Home/Away Moneyline 11/16/2024 Canadiens L 5-1 Away -105 11/18/2024 Bruins W 5-1 Away +158 11/21/2024 Lightning W 7-6 Home +153 11/23/2024 Hurricanes – Home +202 11/27/2024 Canadiens – Home – 11/29/2024 Flames – Home – 12/1/2024 Blackhawks – Away – Watch 1,000+ out-of-market NHL games, ESPN+ Hockey Night & more streaming all season on ESPN+. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Jaipur: The wedding preparations of India’s renowned badminton player P.V. Sindhu have started in Udaipur on Saturday as guests began arriving at the Raphael’s Hotel, located on the Udai Sagar Lake. Sindhu has extended invitations to several prominent figures, including Prime Minister Narendra Modi and cricket legend Sachin Tendulkar, to join the celebrations. A sangeet ceremony is scheduled for Saturday night at the five-star hotel, Raphaels. The wedding will take place on Sunday with many distinguished personalities expected to attend. Sindhu is set to marry Venkat Dutta, the executive director of Posidex Technologies. Sindhu and her fiancee Venkat Dutta arrived in Udaipur two days ago (Thursday), where their families reviewed the wedding preparations. The couple also had a pre-wedding photo shoot. The wedding rituals have officially commenced on Saturday at Hotel Raphaels, starting with the sangeet ceremony tonight. The wedding will take place on December 22, and the couple will depart from Udaipur on December 23. A reception is scheduled in Hyderabad on December 24. Venkat Dutta currently serves as the director of Posidex Technologies. PV Sindhu made history as the first Indian woman to win silver and bronze medals in the Olympics. In addition to PM Modi and Sachin Tendulkar, Sindhu has invited several other notable guests, including Telangana Chief Minister A. Revanth Reddy, Andhra Pradesh CM N. Chandrababu Naidu, Deputy CM and actor Pawan Kalyan. Sindhu personally delivered the wedding invitations. Earlier this year, between January 5 and 11, Bollywood actor Aamir Khan’s daughter Ayra Khan married her boyfriend Nupur Shikhare in Udaipur. Later, between January 29 and 31, Bollywood actor Sunny Deol’s niece Nikita Chaudhary also tied the knot in Udaipur, with several prominent NRI guests attending, along with the Deol family.
Commentary: More reporting neededIOWA CITY — The Iowa women’s basketball team got back on track with an 84-63 win over Purdue on Sunday. The Hawkeyes (11-2, 1-1 Big Ten) outshot and outrebounded the Boilermakers (7-6, 0-2 Big Ten) to claim the blowout victory and the first conference victory for first-year head coach Jan Jensen. Iowa's Taylor Stremlow orchestrates the offense during an NCAA women's basketball game against Washington State in Iowa City at Carver-Hawkeye Arena on Sunday, Nov. 24. Despite the resounding victory, Jensen told the Hawkeye Radio Network that the team fell just shy of meeting a challenge she gave to them. “I secretly challenged them to hold them to 60,” Jensen said. “Then, we let up that three at the end, which we should not have done, but it was below their average, which we wanted to do. I thought it was a solid defensive game today. We could have even done a little better. ... But, overall, I am not going to complain too much because that was a pretty good effort.” Iowa won the battle on the glass 42-27 and shot 34-of-62 (54.8%) from the floor while holding Purdue to 25-of-61 (41%) from the floor. The Hawkeyes also recorded an assist on 21 of their 34 made field goals. Iowa built a 7-4 lead over the first two minutes before capitalizing on a Purdue shooting slump with an 18-5 run to close out the opening quarter, bookended by three-pointers from Taylor Stremlow and Teagan Mallegni. The Boilermakers went just 2-of-9 from the field over the final five minutes of the quarter as the Hawkeyes took a 27-13 lead into the second quarter. A similar 15-3 surge to close out the second quarter gave Iowa an 18-point, 50-32 lead at half. Stremlow led all players with nine points in the first half on 4-of-4 from the field. A 13-0 Purdue run in the third quarter allowed the Boilermakers to trim the gap to an eight-point 55-47 lead, but the Hawkeyes again closed the quarter on a scoring run, managing an 11-0 run of their own to lead 66-47 with one quarter to play. A back-and-forth fourth quarter ended with Iowa outscoring Purdue 18-16 to earn the 21-point victory. Addison O’Grady led the Hawkeyes with 12 points. Destini Lombard matched O’Grady with 12 points to lead the Boilermakers. Iowa returns to action on Wednesday with a road matchup against Penn State in University Park, Pennsylvania at noon. Broadcast coverage will be provided by Big Ten+ (subscription required). Iowa's Teagan Mallegni, left, gathers the ball before a layup attempt during an NCAA women's basketball game against Washington State in Iowa City at Carver-Hawkeye Arena on Sunday, Nov. 24. Five freshmen saw action in Sunday’s win and painted an exciting picture for the future of the program. In addition to her nine points, Stremlow grabbed four rebounds, managed three steals and dished two assists in 19 minutes off the bench. Aaliyah Guyton scored nine points in 20 minutes. Ava Heiden scored nine points on 4-of-4 shooting and grabbed eight rebounds and picked up two blocks in 15 minutes of action. Teagan Mallegni finished with eight points and two rebounds in 12 minutes. Despite accounting for just 34.5% of Iowa’s minutes on Sunday, the freshman quintet represented 42% of points, 50% of blocks, 42% of steals and 36% of rebounds. During a postgame interview with the Hawkeye Radio Network, Mallegni described it as “so cool” to see the success of Iowa’s freshman class. “At one point, there was four of us out there at the same time,” Mallegni said. “So, it is just really fun. They are a great group of girls. I has been super fun to learn alongside (them).” Iowa's Ava Heiden, left, backs down her defender during a game against Toledo on Wednesday, Nov. 13 at Carver-Hawkeye Arena in Iowa City. As evidenced by the production of Iowa’s freshmen, the Hawkeyes beat the Boilermakers behind a whole team effort as 12 different players scored in the win. Of those dozen players, nine made more than one basket in the win while seven scored nine or more points in the win as O’Grady finished as the only player in double figures for Iowa. Sydney Affolter posted an impressive stat line with nine points, seven rebounds and six assists. Hannah Stuelke managed nine points and six boards while Lucy Olsen added six points, her first game below double figures as a Hawkeye, and six assists. While Iowa dominated on the glass, the Hawkeyes also found plenty of success scoring and defending in the paint. Iowa scored 48 points in the paint and 12 second-chance points, on 13 offensive rebounds, while limiting their opponents to just 22 points in the paint and just five second-chance points. Get local news delivered to your inbox!
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