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An Italian renewable energy giant and Japan's largest oil and gas company are plugging into Australia's clean energy resources under the banner of a new company. or signup to continue reading Potentia Energy will be launched at the Sydney Opera House on Monday as an Australian renewable energy firm co-owned by Rome-headquartered Enel Green Power and INPEX. With rights in place for a development pipeline of over seven gigawatts across the country, Potentia is most focused on developing and acquiring assets in NSW, Queensland and Western Australia, chief executive Werther Esposito told AAP. The company is not deterred by the risk of political change, with opinion polls favouring the coalition ahead of the 2025 federal election. "The energy transition will go ahead in any case. There could be an acceleration or slowing down in the process," Mr Esposito said. "Renewables represent, from a technical and economic perspective, the solution for climate change," he said. "I don't think any government could deny that today wind and solar are cheaper than other technologies, and are faster in reaching the phase of deployment and construction and then supply of renewable energy." NSW had suffered some planning delays that had hit investment but there had been a "strong improvement" in the past 12 to 18 months, he said. The company also has a stake in Queensland, particularly in the north's Copperstring area, where the recently elected LNP government has pledged to stick by a massive transmission project begun under Labor. Enel won the bidding in 2024 to develop renewable energy to power a vanadium mining and processing project, which is one of a number of giant resources projects intended to be connected to the $9 billion Copperstring transmission line from Townsville to Mt Isa. WA offered a "huge opportunity" for the deployment of wind farms and battery energy storage systems, Mr Esposito said. With a decades-long footprint in Australia's north and west, INPEX is Japan's largest fossil fuel exploration and production company. Under pressure to reduce its global contribution to climate change, INPEX is already developing the production of liquid hydrogen and ammonia. "They elected Australia as the market to start diversification of the energy mix and huge investment in renewables," Mr Esposito said. "Of course in this regard, Australia is the place to be," he said. Enel and INPEX joined forces in a share purchase agreement in 2023, with the renewables business operating plants comprising 310 megawatts of solar capacity across South Australia and Victoria and a 75MW wind farm in Western Australia. A 93MW solar farm is under commissioning in Victoria and financial close was recently announced for a hybrid 98MW solar and 20MW battery project in NSW. But with international firms lining up to exploit clean energy resources, Australians living alongside projects are demanding a share of future profits through community funds, power bill rebates and other benefits. "The energy transition should be just. To be just it means that you need to support the communities and involve the communities in a proper way," Mr Esposito said. He said Enel was proud of its legacy in providing support to areas facing a changing landscape and the impact of new infrastructure, including community funds, a focus on local hiring and providing training to support new jobs. "It's an approach that is, for us, absolutely a pillar of our strategy," he said. "We are still facing some regulatory ambiguity in what a social licence means, and we are trying to be a leader in the industry in helping and supporting all the key stakeholders in determining and defining what it is." Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . AdvertisementBROOKFIELD, Conn., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Photronics, Inc. (Nasdaq: PLAB), a worldwide leader in photomask technologies and solutions, announced today the appointment of David Garcia to the company’s Board of Directors on December 12, 2024. This election expands Board membership to nine members, seven of whom are independent. Mr. Garcia is currently a strategic advisor and previously spent approximately 30 years practicing law, most recently at Holland & Hart after starting his career at Wilson Sonsini Goodrich & Rosati and Venture Law Group. His extensive experience spans mergers & acquisitions, venture capital financing transactions and securities offerings. He has counseled both publicly and privately held companies in their corporate and governance affairs and has additional experience in structuring corporate partnering transactions and technology development, distribution and licensing arrangements. “We welcome David to the Photronics Board of Directors,” said Constantine (“Deno”) Macricostas, chairman. “His extensive experience in financings, M&A, and other securities transactions will be valuable as the company evaluates a variety of business development opportunities.” Mr. Garcia received an A.B. in Sociology with a concentration in organizational behavior from Stanford University in 1989, and a J.D., cum laude, from Harvard Law School in 1992. About Photronics Photronics is a leading worldwide manufacturer of integrated circuit (IC) and flat panel display (FPD) photomasks. High precision quartz plates that contain microscopic images of electronic circuits, photomasks are a key element in the IC and FPD manufacturing process. Founded in 1969, Photronics has been a trusted photomask supplier for over 50 years. The company operates 11 strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the company can be accessed at www.photronics.com . Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements” regarding our industry, our strategic position, and our financial and operating results. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially. Please refer to our Annual Report on Form 10-K for the fiscal year ended October 31, 2023 and other subsequent filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause our actual results to differ materially from those contained in these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results. For Further Information: Ted Moreau VP, Investor Relations 469.395.8175 tmoreau@photronics.com
Full House Resorts counsel Elaine Guidroz sells $41,606 in stock
NoneLSU outlasts UCF 109-102 in triple-OT affair
Number of women who are state lawmakers inches up to a record highThe resolution -- adopted by a vote of 158-9, with 13 abstentions -- urges "an immediate, unconditional and permanent ceasefire," and "the immediate and unconditional release of all hostages" -- wording similar to a text vetoed by Washington in the Security Council last month. At that time, Washington used its veto power on the Council -- as it has before -- to protect its ally Israel, which has been at war with Hamas in the Gaza Strip since the Palestinian militant group's October 7, 2023 attack. It has insisted on the idea of making a ceasefire conditional on the release of all hostages in Gaza, saying otherwise that Hamas has no incentive to free those in captivity. Deputy US Ambassador Robert Wood repeated that position Wednesday, saying it would be "shameful and wrong" to adopt the text. Ahead of the vote, Israel's UN envoy Danny Danon said: "The resolutions before the assembly today are beyond logic. (...) The vote today is not a vote for compassion. It is a vote for complicity." The General Assembly often finds itself taking up measures that cannot get through the Security Council, which has been largely paralyzed on hot-button issues such as Gaza and Ukraine due to internal politics, and this time is no different. The resolution, which is non-binding, demands "immediate access" to widespread humanitarian aid for the citizens of Gaza, especially in the besieged north of the territory. Dozens of representatives of UN member states addressed the Assembly before the vote to offer their support to the Palestinians. "Gaza doesn't exist anymore. It is destroyed," said Slovenia's UN envoy Samuel Zbogar. "History is the harshest critic of inaction." That criticism was echoed by Algeria's deputy UN ambassador Nacim Gaouaoui, who said: "The price of silence and failure in the face of the Palestinian tragedy is a very heavy price, and it will be heavier tomorrow." Hamas's October 2023 attack on southern Israel resulted in the deaths of 1,208 people, mostly civilians, according to an AFP tally based on official figures. That count includes hostages who died or were killed while being held in Gaza. Militants abducted 251 hostages, 96 of whom remain in Gaza, including 34 the Israeli military says are dead. Israel's retaliatory offensive in Gaza has killed at least 44,805 people, a majority of them civilians, according to data from the Hamas-run health ministry that is considered reliable by the United Nations. "Gaza today is the bleeding heart of Palestine," Palestinian UN Ambassador Riyad Mansour said last week during the first day of debate in the Assembly's special session on the issue. "The images of our children burning in tents, with no food in their bellies and no hopes and no horizon for the future, and after having endured pain and loss for more than a year, should haunt the conscience of the world and prompt action to end this nightmare," he said, calling for an end to the "impunity." After Wednesday's vote, he said "we will keep knocking on the doors of the Security Council and the General Assembly until we see an immediate and unconditional ceasefire put in place." The Gaza resolution calls on UN Secretary-General Antonio Guterres to present "proposals on how the United Nations could help to advance accountability" by using existing mechanisms or creating new ones based on past experience. The Assembly, for example, created an international mechanism to gather evidence of crimes committed in Syria starting from the outbreak of civil war in 2011. A second resolution calling on Israel to respect the mandate of the UN agency supporting Palestinian refugees (UNRWA) and allow it to continue its operations was passed Wednesday by a vote of 159-9 with 11 abstentions. Israel has voted to ban the organization starting January 28, after accusing some UNRWA employees of taking part in Hamas's devastating attack. abd/sst/jgc/nro/desThe biggest myth about Manmohan Singh was that he wasn’t a politician. No one can survive the complex maze that is the Indian political system as a lateral entrant from academia to the upper echelons of the bureaucracy, embed oneself in ministries such as commerce and finance, lead institutions such as the Reserve Bank of India and Planning Commission, work with multiple prime ministers from Indira Gandhi to Rajiv Gandhi to Chandra Shekhar to PV Narasimha Rao, navigate the world of international economic policymaking, make the transition from being a bureaucrat to a minister, become the leader of the opposition, and then serve as the prime minister of a country as large, messy, and complex as India for 10 years, as the head of a coalition government with the real power centre being elsewhere, without having a strong political sense. Manmohan Singh did all that. And it was his political sense that helped Singh in cultivating relationships with those who exercise power, grabbing each opportunity that came his way, pushing when possible and retreating when he smelt danger, knowing the big picture always, offering that as a rationalisation while making compromises, and using the combination of understated manner, quiet humility, non-threatening persona, and sheer brilliance to be one of India’s most important post-Independence leaders. The rise to corridors of power To be sure, Singh lost the only Lok Sabha election he fought, from South Delhi, ironically among the geographical hubs that benefited most from his post-1991 economic reforms. This lack of electoral success, or broader mass appeal, was widely considered his biggest weakness but it was also his biggest strength. His experience and credibility as a reformer, his track record as a man of integrity, his personal story from a village in what is now Pakistan through Punjab to Oxbridge to the Delhi School of Economics to North Block may have all been factors in Sonia Gandhi’s decision to pick him as the PM in 2004 — but, arguably, the biggest factor was that Singh did not have a mass base and he wasn’t an operator in the corridors of power and this allowed the family to trust him. Singh ran with the opportunity Gandhi provided in his first term. He politically reinvented himself from being the man who ushered in the reforms to the man who now spoke of reforms with a human face. He knew that Gandhi’s heart lay in social welfare, and perhaps resisting his own impulses, Singh presided over the passage of rights-based legislations even as he ensured robust growth rates. Strategic reset with the West Singh decided that like he would stake it all for reforms in 1991, he would stake it all for the civil nuclear deal with the US — for he saw it as not just a nuclear deal but the beginning of India’s strategic reset with the West in general and US in particular which, in turn, would help India build capabilities in a variety of domains. Singh dared the Left to withdraw support, dared Gandhi to either remove him or come on board, flirted with political operators who opened channels with Samajwadi Party, and eventually had his way, saving both the deal and the government -- a remarkable political feat. It was a combination of his past economic record, growth, inclusive social policies, tactical compromises, foreign policy projection, electoral gambits (including the farm loan waiver), the politics of “secularism” which ensured substantial Muslim consolidation that saw Singh lead Congress to its best ever performance in 2009 elections since 1984. Incidentally, the party hasn’t since improved his record. But that is when the story shifted. A challenging second term The challenges inherent in having two centres of power — 10 Janpath and what was then 7 Race Course Road; Sonia Gandhi and PM Singh — became more apparent in the second term. Suddenly, Singh began looking weak and a man who was holding the office but not exercising power. The baggage of the first term — in terms of arbitrary allocation of resources in exchange for possible benefits from cronies by members of alliance partners — came to public light. Singh began looking compromised, with his biggest asset of integrity under question. The contradictions within his own government — between the two most senior ministers; between Congress and allies; within allies — became a subject of everyday debate. And the man who was feted for having no ambition came across as someone who would tolerate anything for the sake of power, taking away his moral authority. The dip in the economy and spike in prices took away his other USP, of a credible economic manager, with the wider electorate while his government’s decision to impose policies such as retrospective taxation eroded Singh’s appeal with international capital. Singh’s inability to recognise that new forms of media, including social media, were changing how politics was conducted left his government way behind in the public sphere. His inability to manage new forms of mass mobilisation exemplified by the anti-corruption movement led by Arvind Kejriwal eroded both the government’s authority and political legitimacy. His inability to address the increasing grievances of corporate India, which had, for all of the party’s rhetoric, been a part of the Congress coalition, left him without powerful backers. And his inability to stand up to Rahul Gandhi — who tore an ordinance agreed upon by the cabinet in a direct affront to prime ministerial authority — left Singh, at the very end of his political life, appear like an almost forlorn figure. The end of a political journey All of this coincided with the rise of Narendra Modi and his political genius in combining the idea of development, the projection of strength, the subtext of Hindutva, the promise of a clean government to offer an alternative. Building that alternative involved discrediting Singh and his record entirely for the competitiveness of Indian elections leaves no space for nuance. The Bharatiya Janata Party carried out the political demolition job on Singh effectively, destroying the Congress electorally, and reshaping India by coming to power in 2014. But it won’t be a surprise if Modi himself recognises that he has built on the legacy left behind by Singh. Be it the need to deregulate sectors, reduce the overwhelming role of the State in private enterprise, and encourage and embrace the private sector or build a digital identity that could overcome the perennial challenge of welfare delivery; be it the strategic embrace of the West and the recognition that deeper ties with Washington are critical for India to develop and deal with its geopolitical challenges or the realisation that connectivity in the wider subcontinent and improvement of border infrastructure are key for security, India’s current PM and last PM have more in common that their supporters would like to admit. And in that itself lies Manmohan Singh’s finest political legacy. His 1991 reforms trusted Indian citizens over the Indian State, liberated mind sets and created unprecedented opportunities. His prime ministerial stint was a part of the post-1991 continuum where, despite their differences, all governments have sought to champion a mix of economic reforms and welfare internally and closer ties with the West while retaining strategic autonomy externally. Manmohan Singh, along with his old boss PV Narasimha Rao, his predecessor Atal Bihari Vajpayee and his successor Narendra Modi can be safely described as a part of the quartet who have shaped the India of today in more critical ways than anyone else in the last five decades. For a Sikh boy who saw the ravages of Partition and rose from nothing to lead the world’s largest democracy, it was a life lived well, lived fully, lived with dignity, and lived with tremendous public impact.
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Boston, MA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (the "Company") (TSXV: MNLX) today announces that as part of its standard disclosures, the Company has granted 1,103,269 options (against ~145M fully diluted shares) to certain leadership team members of the Company as part of its ongoing incentive program to award equity of options in lieu of cash compensation. The average strike price for these options is .36 CDN reflecting the price of MNLX at the time cash compensation was forgone by employees. In certain cases of senior leadership, equity-based options make up to 30 to 100 percent of an executive’s base salary compensation. Any new option awards continue to draw from the existing employee incentive pool with no net new incremental dilution to shareholders. There was delay in the formal announcement and grant of the options given that the Company was waiting for options to be returned to the pool to avoid any shareholder dilution that might come from an expansion of the pool. The options are subject to a 1-year cliff vesting schedule and are exercisable for subordinate voting shares of the Company for a period of 10 years following the date of grant. About MiniLuxe MiniLuxe , a Delaware corporation based in Boston, Massachusetts. MiniLuxe is a lifestyle brand and talent empowerment platform servicing the beauty and self-care industry. The Company focuses on delivering high-quality nail care and esthetic services and offers a suite of trusted proprietary products that are used in the Company’s owned-and-operated studio services. For over a decade, MiniLuxe has been elevating industry standards through healthier, ultra-hygienic services, a modern design esthetic, socially responsible labor practices, and better-for-you, cleaner products. MiniLuxe aims to radically transform a highly fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform that collectively enable better talent and client experiences. In addition to creating long-term durable economic returns for stakeholders, MiniLuxe is expanding its reach through franchising, offering entrepreneurs the opportunity to partner with a brand recognized as the best nail salon franchise . MiniLuxe seeks to empower one of the most diverse and largest hourly worker segments through professional development, economic mobility, and ownership opportunities. For its clients, MiniLuxe offers best-in-class self-care services and better-for-you products, and for nail care and beauty professionals, MiniLuxe seeks to become the employer of choice. Since its inception, MiniLuxe has performed over 4 million services. For further information Christine Mastrangelo Investor Relations, MiniLuxe Holding Corp. cmastrangelo@MiniLuxe.com MiniLuxe.com
Not less than 100 survivors of Gender-Based Violence (GBV) and other forms of violence in Sokoto State have taken significant steps toward economic independence and healing. This new initiative, under the Neem Foundation Vocational and Entrepreneurship Project, is carried out in partnership with the French Embassy in Nigeria. Speaking in his remarks on Wednesday, Malam Kabiru Mahe, the foundation Program Coordinator in Sokoto State, stated that the initiative aims to equip beneficiaries with practical livelihood skills and provide vital mental health support. “This program is designed to give survivors a renewed sense of purpose and stability.” “Since its inception, over 300 women have been trained in skills such as soap making, baking, and digital technology,” he said. He highlighted the foundation’s holistic approach, which addresses both the economic and emotional needs of the survivors. “We’ve witnessed remarkable transformation. Beyond the vocational training, mental health and psychosocial support have been integral to the project’s success. “Moreover, these women are not just learning skills—they’re reclaiming their lives,” he emphasised. Malam Buhari Suleiman, Director of Administration at the Sokoto Small and Medium Enterprises Development Agency (SOSMEDA), lauded the impact of the project on the community. “This initiative has made a tangible difference in the lives of women across the state. It is empowering individuals and strengthening communities,” he said. Sulaiman assured that the government would ensure the project’s sustainability while exploring additional avenues of support for the beneficiaries. Speaking on behalf of the beneficiaries, Malama Nafisa Abdullah, described the intervention as life-changing. “Before this, meeting my basic needs was a constant struggle. Now, I can earn a living, and the mental health support has helped me let go of past pain. My family and I are finally moving forward,” she said. READ MORE FROM: NIGERIAN TRIBUNE
Arguments over whether Luigi Mangione is a 'hero' offer a glimpse into an unusual American momentThe Lagos State chapter of the Peoples Democratic Party (PDP) has expressed firm opposition to the potential candidacy of Seyi Tinubu, son of President Bola Tinubu, as a successor to Governor Babajide Sanwo-Olu in the 2027 gubernatorial elections. This stance comes in response to endorsements from groups such as the Coalition of Nigerian Youth Leaders, which suggested Seyi Tinubu as a potential candidate. Another group, Friends of Seyi Tinubu, praised him as a visionary leader with exceptional qualities. Reacting to these endorsements, Lagos PDP spokesperson Hakeem Amode dismissed the idea, stating, “Lagos will not serve him.” He criticised the notion of governance being treated as a family inheritance and warned that any attempt to impose Seyi Tinubu as governor would face strong resistance. “Governorship is not a gift,” Amode told Punch, emphasising that Lagosians had already shown their disapproval of the Tinubu political dynasty during the last presidential election by voting against President Tinubu. Amode reiterated that many Lagosians rejected Tinubu during the presidential election, a signal that they would not support his son’s governorship aspirations.