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Manchester City plunged deeper into trouble in the Champions League by losing 2-0 at Juventus on Wednesday, the latest setback in a scarcely believable run of poor results for the ailing English champions. City dropped to 22nd place in the 36-team standings, with only the top 24 advancing. Progressing to the next round of the new-look format looked a certainty before the season for a team that was European champion in 2023 and has won the last four Premier League titles. But not anymore as City manager Pep Guardiola battles injuries and an apparent loss of belief among his players. City has won just one of its last 10 matches in all competitions, with goals by Dušan Vlahović and Weston McKennie inflicting the latest defeat and igniting Juventus' qualification hopes. City midfielder Ilkay Gundogan described the team's problem as a “mental issue.” Opponents “are able to break our rhythm with the smallest of things,” Gundogan said. "They don’t even need to do much and it has such a big effect on us right now.” Barcelona jumped into second place in the league standings, behind Liverpool, and is guaranteed to advance after a 3-2 win at Borussia Dortmund. Raphinha and Ferran Torres, with two goals, scored for Barca. Arsenal beat Monaco 3-0 mainly thanks to two goals by Bukayo Saka to move into third place and be the highest of six teams on 13 points. The top eight qualify directly for the last 16 and the teams placed No. 9-24 go into a two-legged playoff. City has two games to save its faltering Champions League campaign and the first is against Paris Saint-Germain, another giant in trouble in 25th place — one spot out of the qualifying positions. Vlahović put Juventus ahead in the 53rd when he powered a header goalward straight at City goalkeeper Ederson, who could only parry the ball over his own line. Two American substitutes sealed the win for Juve, with McKennie volleying home from Timothy Weah's cross. Juventus moved into 14th place. Ferran Torres came off the bench to inspire Barcelona to a fifth win in six games and push Dortmund, last season's runner-up, out of the top eight. Torres came on in the 71st to replace Robert Lewandowski, who had a quiet game against his former club. Just four minutes later, Torres scored a goal on the rebound from Dani Olmo’s shot. Serhou Guirassy’s second goal of the game leveled the score at 2-2 but Torres scored again in the 85th off Lamine Yamal’s pass on the counter. Raphinha gave Barcelona the lead before Guirassy equalized from the penalty spot. Raphinha and Guirassy are tied for second place in the scoring chart on six goals, behind Lewandowski's competition-high seven. Arsenal secured a third straight home win without conceding in the league stage, with Saka scoring in the 34th and 78th minutes and sending in a shot that was turned into the net by substitute Kai Havertz in the 88th. Arsenal is ahead of Bayer Leverkusen, Aston Villa, Inter Milan, Brest and Lille on goal difference. Lille won 3-2 at home to Sturm Graz on Wednesday. Man City could sure do with Julian Alvarez at the moment. With a brilliant curling finish to open the scoring, the Argentina striker helped Atletico Madrid beat Slovan Bratislava 3-1 and provide a timely reminder of what City is missing after selling him for more than $100 million in August. Alvarez has 12 goals for the season, with four coming in the Champions League. Antoine Griezmann scored Atletico’s other two goals at Metropolitano stadium as the Spanish team climbed to 11th place after a 10th straight win in all competitions. When Lukasz Lakomy gave Young Boys the lead against Stuttgart, he ran toward the sideline and held up teammate Meschack Elia’s jersey as others gathered around him. The gesture was a tribute after Elia’s son died unexpectedly this week after a short illness. Elia wasn’t playing as he was on his way to his native Congo, where his son died, to be with his family. Both teams wore black armbands and there was a moment of silence before the game, which was won 5-1 by Stuttgart. Tammy Abraham scored an 87th-minute winner as AC Milan beat Red Star Belgrade 2-1 to move one point off the top eight. Milan lost Alvaro Morata and Ruben Loftus-Cheek to muscle injuries in the first half. Benfica’s five-match winning streak ended with a 0-0 home draw against Bologna, and Feyenoord had a 4-2 win over Sparta Prague. Steve Douglas is at https://twitter.com/sdouglas80 AP soccer: https://apnews.com/hub/soccerFrom the DBS leadership renewal to the Straits Times Index surging to a 17-year high, these are some events this year that captured headlines. G insurer Allianz announced on Dec 16 that it is scrapping its 1.5 billion euro (S$2.1 billion) offer to buy at least 51 per cent of the shares in Income Insurance. Its offer had ignited public criticism as many voiced concerns on it detracting from Income’s social mission to provide affordable insurance to low-income workers. In October, the Singapore government also rejected the deal after assessing that it was not in the public’s interest for the proposed transaction to proceed in its initial form. However, it said it was open to the deal proceeding with new arrangements so long as the concerns raised were addressed. Singapore’s largest lender will soon welcome its first female chief executive officer. Tan Su Shan, who is currently head of institutional banking at DBS, will replace Piyush Gupta next year . In August, Tan was named deputy chief executive ahead of her upcoming replacement of Gupta, who will retire at the bank’s next annual general meeting on Mar 28, 2025. The board said that the decision to appoint the 56-year-old – who has more than 35 years of experience in consumer banking, wealth management and institutional banking under her belt – was “unanimous”. Lawrence Wong was sworn in as prime minister on May 15 , succeeding former prime minister Lee Hsien Loong. Wong, who entered Parliament in 2011 before being appointed as the minister of state for defence and education shortly after, has been in politics for 13 years. He was selected by peers in 2022 to be the leader of Singapore’s fourth-generation team after then deputy prime minster Heng Swee Keat announced in April 2021 that he was stepping down as presumptive PM-in-waiting due to his age, challenges of the pandemic and the heavy demands of the job. Kitefoiler Maximilian Maeder’s Olympic bronze was the city-state’s sole medal at this year’s Paris Games. His Olympic win has earned him a coveted place among the ranks of Singapore’s Olympians – making him the sixth one in the nation’s sporting history. Just shy of 18 years at the time of his crowning achievement, Maeder is also the nation’s youngest Olympic medallist to date. Private cord-blood bank Cordlife’s troubles over the mishandling of cord-blood units deepened in 2024. Four directors and former group CEO Tan Poh Lan were arrested by the Commercial Affairs Department in March. The Ministry of Health (MOH) had imposed a six-month suspension on the cord-blood bank in November 2023 that prohibited it from collecting, testing, processing and/or storing any new cord blood and human tissues after investigations revealed that it had inappropriately stored cord blood above acceptable temperature limits. MOH has since granted the cord-blood bank permission to resume cord-blood banking services “in a controlled manner” as of September. Former transport minister S Iswaran was sentenced to 12 months in jail on Oct 3 after he pleaded guilty to five charges in September. The sentencing sets a precedent for a provision that has not been used in Singapore since independence: Section 165 of the Penal Code, which prohibits a public servant from accepting or obtaining anything of value for free or inadequate payment, from any person with whom they are involved in an official capacity. Beleaguered billionaire Lim Oon Kuin was sentenced to 17 years and six months in prison on three charges of cheating and forgery after a 62-day trial that prosecutors said was one of Singapore’s most serious cases of trade financing fraud. The owner of the oil trading company Hin Leong, who initially faced 130 criminal charges of forgery and cheating involving a total sum of US$2.7 billion, said he would appeal his conviction. The benchmark Straits Times Index (STI) surged to a 17-year high on Nov 8 , climbing up 1.4 per cent or 50.88 points to 3,724.37. This came as the trio of local banking stocks rallied and soared to fresh records. Analysts have listed factors such as expectations that the US Federal Reserve might slow down the pace of interest rate cuts after the US presidential elections in particular. That is positive for the banks, which are STI heavyweights. A series of job cuts occurred this year. Here are a few: Carousell axed 76 jobs or 7 per cent of its total headcount across regional offices on Dec 6, citing the need to reallocate resources away from certain business areas to others that showed promise. Affected employees were given layoff packages including one month of salary for every year of service, with a minimum of three months’ salary. Healthtech startup Dr Anywhere in December announced it laid off around 45 or 8.1 per cent of its workforce in South-east Asia and Singapore. In 2023, Dr Anywhere posted a US$23.6 million operating loss on a US$62.1 million revenue. Beverage manufacturer Yeo Hiap Seng laid off 25 employees after Oatly’s closure of its Singapore manufacturing operations. That is in addition to the 34 Oatly workers affected by the closure, bringing the total to 59. The company said the affected workers had been hired specifically to support Oatly’s production at Yeo’s Senoko plant, and were retrenched as a direct result of Oatly ceasing its manufacturing in Singapore. Sea is cutting more jobs at e-commerce unit Shopee in Indonesia , Bloomberg reported in November, citing sources. Singapore Post (SingPost) sacked three of its senior management staff as they were found to be negligent in the handling of internal investigations over a whistle-blower report that it received earlier this year. The employment of group chief executive Vincent Phang, group chief financial officer Vincent Yik, and the chief executive of the company’s international business unit Li Yu were terminated with immediate effect on Dec 21, 2024.Shedeur Sanders chimes in as Colorado star Travis Hunter's relationship with fiancée faces mounting criticism
SAN ANTONIO — Colorado secured what it said was record insurance coverage for quarterback Shedeur Sanders and Heisman Trophy winner Travis Hunter as the star duo opted to complete their college careers in the Alamo Bowl rather than sit out and prepare for the NFL draft. Colorado would not disclose the amount of insurance coverage each received, citing privacy laws. Coach Deion Sanders and athletic director Rick George both said it was the largest in college football history. "We happen to have two players that are probably going to be the first two picks of the NFL draft," Sanders said Monday. "We all know who those two are and they have received, I think, the highest number of coverage that has ever been covered in college football. It far exceeds anyone that has ever played this game of college football." While college programs maintain insurance policies for their athletes in case of injury, Colorado increased disability coverage for its entire roster in the Alamo Bowl. Sanders, the coach of the No. 20 Buffaloes, ensured his QB son and two-way star Hunter received larger policies since both are expected to be among the top 10 selections in the upcoming NFL draft. "It was his idea we should get disability insurance for our athletes for this game to ensure that they played and if there was some kind of injury that they would be well taken care of," George said. "So, we worked together on that. We're excited about it. We think it's great that all our players are playing in the game. That's what all bowl games should be like." Colorado (9-3, No. 23 CFP) will face the 17th-ranked BYU Cougars (10-2, No. 17 CFP) in the Alamo Bowl on Saturday. While most teams are scrambling with starters opting out of bowl games this year to enter the transfer portal or NFL draft, the Buffaloes did not lose any player on their two-deep roster. "It's more than what I got (when he played at Kansas State)," Colorado linebackers coach Andre' Hart said. "They gave us a helmet and said pop this on your leg and get out there and play. For them to get that (increased insurance coverage), I just think it's beneficial. To talk about where the game is, where it's going and how leadership is taking care of the players, I thought that's excellent." Shedeur Sanders completed 337 of 454 passes for 3,926 yards and 35 touchdowns this season. Many scouting services have Sanders rated as the top quarterback in this year's draft. Hunter received the Heisman Trophy as a two-way standout at cornerback and wide receiver. He had 92 receptions for 1,152 yards and 14 touchdowns and as a cornerback had four interceptions, broke up 11 passes and limited the opposition to 22 receptions on 688 defensive snaps. "They've taken care of us, everybody," Colorado running back Micah Welch said. "It really means a lot to have every teammate up here. That's a big thing. What I like about Coach Prime, they're taking care of us." Get local news delivered to your inbox!10-man Barcelona concedes two late goals in draw at Celta Vigo
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CAPE CANAVERAL, Fla. — NASA's two stuck astronauts just got their space mission extended again. That means they won't be back on Earth until spring — 10 months after rocketing into orbit on Boeing's Starliner capsule. NASA announced the latest delay in Butch Wilmore and Suni Williams' homecoming Tuesday. The two test pilots planned to be away just a week or so when they blasted off June 5 on Boeing's first astronaut flight to the International Space Station. Their mission grew from eight days to eight months after NASA decided to send the company's problem-plagued Starliner capsule back empty in September. FILE - This image made from a NASA live stream shows NASA astronauts Suni Williams and Butch Wilmore during a press conference from the International Space Station on Friday, Sept. 13, 2024. (NASA via AP, File) Now the pair won't return until the end of March or even April because of a delay in launching their replacements, according to NASA. A fresh crew needs to launch before Wilmore and Williams can return and the next mission was bumped more than a month, according to the space agency. NASA's next crew of four was supposed to launch in February, followed by Wilmore and Williams' return home by the end of that month alongside two other astronauts. But SpaceX needs more time to prepare the new capsule for liftoff. That launch is now scheduled for no earlier than late March. NASA said it considered using a different SpaceX capsule to fly up the replacement crew in order to keep the flights on schedule. However, it decided the best option was to wait for the new capsule to transport the next crew. NASA prefers to have overlapping crews at the space station for a smoother transition, according to officials. Most space station missions last six months, with a few reaching a full year. A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024, in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) NASA astronaut Nick Hague, left, and Roscosmos cosmonaut Aleksandr Gorbunov, left, gives a thumbs up as they leave the Operations and Checkout Building on their way to Launch Complex 40 for a mission to the International Space Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla., (AP Photo/John Raoux) NASA astronaut Nick Hague, right, and Roscosmos cosmonaut Aleksandr Gorbunov leave the Operations and Checkout building for a trip to the launch pad 40 Saturday, Sept. 28, 2024, at the Kennedy Space Center in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) NASA astronaut Nick Hague, right, talks to his family members as Roscosmos cosmonaut Aleksandr Gorbunov looks on after leaving the Operations and Checkout building for a trip to the launch pad 40 Saturday, Sept. 28, 2024, at the Kennedy Space Center in Cape Canaveral, Fla. Two astronauts are beginning a mission to the International Space Station. (AP Photo/Chris O'Meara) In this image from video provided by NASA, Roscosmos cosmonaut Aleksandr Gorbunov, left, and astronaut Nick Hague travel inside a SpaceX capsule en route to the International Space Station after launching from the Kennedy Space Center in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (NASA via AP) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024, in Cape Canaveral, Fla. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket, with a crew of two astronauts, lifts off from launch pad 40 at the Cape Canaveral Space Force Station in Cape Canaveral, Fla., Saturday, Sept. 28, 2024. (AP Photo/Chris O'Meara) A SpaceX Falcon 9 rocket with a crew of two lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) The Falcon 9's first stage booster returns to Landing Zone 1 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) A SpaceX Falcon 9 rocket with a crew of two lifts off from launch pad 40 at the Cape Canaveral Space Force Station Saturday, Sept. 28, 2024 at Cape Canaveral, Fla. (AP Photo/John Raoux) Be the first to know Get local news delivered to your inbox!
Colorado adds record insurance coverage for Sanders and Hunter before Alamo BowlMany stocks performed well in 2024, but none better than those powered by artificial intelligence (AI). The technology fueled the bull market this year, with a few dozen stocks powering the S&P 500 ( ^GSPC -1.11% ) to a roughly 27.5% gain (as of Dec. 26). After such a phenomenal run, many popular AI names are expensive, with investors betting that these companies continue to grow at high rates and that their markets only get bigger. A good AI play trading at a reasonable multiple is a rarity these days. However, just a few weeks ago, a new AI stock joined the Nasdaq and could become a Wall Street darling in 2025. Better yet, it doesn't trade at an astronomic valuation. Back in the mix AI infrastructure company Nebius Group ( NBIS -3.46% ) got back in the mix a few months ago when the company rejoined the Nasdaq exchange after a three-year hiatus. The Russian company Yandex previously owned Nebius. After Russia invaded Ukraine, the U.S. imposed sanctions on companies linked to Russia. However, earlier this year, Yandex split off its international assets in a $5.4 billion deal. Four AI businesses split off from Yandex and into the Amsterdam-based Nebius company, including cloud, data labeling, edtech, and autonomous vehicles. Nebius essentially offers AI-as-a-service, providing companies and developers building AI models with access to graphics processing unit (GPU) clusters and a cloud platform. AI is expensive to build internally, but is becoming a technology that most businesses can't ignore if they want to stay relative. For instance, ServiceNow used Nebius to increase throughput on their conversational chatbot from 400 evaluation tasks per week to as many as 3,000 tasks a day. Nebius got a huge endorsement when it closed a $700 million private financing that included the large venture capital firm Accel and AI chip king Nvidia . Nebius has a special partnership with Nvidia, and its website says its customers will be the first to access Nvidia's new Blackwell chips. There has already been some excitement about the stock. Nebius came back onto the Nasdaq at $20 in late October, and shares are up over 41% since. Becoming the next AI darling Nebius got another big endorsement from Citron Research's Andrew Left, who said Wall Street has yet to catch on to Nebius' appeal. No analysts cover the stock, which isn't a huge surprise because it only returned to the Nasdaq a few months ago, and it can take analysts a long time to create and publish an initiation report. The company's financials are attractive. In its most recent quarter, Nebius grew revenue by 766% year over year and trimmed its losses by 45%. Nebius also has nearly $2.3 billion of cash and cash equivalents and very little debt. The company is investing $1 billion in GPU clusters in Paris and also doing a major expansion to its data center in Finland. Management expects the company's annualized revenue run rate to increase to the range of $750 million to $1 billion by the end of 2025. Nvidia shares trade at 47 times forward earnings , which isn't exactly unique in AI these days. While Nebius isn't a competitor and leverages Nvidia's chips, the company is expected to turn profitable next year and trades below 8 times forward earnings. Considering the projected growth of revenue and earnings and its growing market, this is a bargain. Left compares Nebius to Coreweave , a similar AI infrastructure company rumored to soon go public at a $35 billion valuation. Nebius has a roughly $6.7 billion market cap right now. The official announcement of Coreweave's IPO and ensuing registration statement could help better define the market for Nebius. Nebius is also likely still tricky for investors due to geopolitical events in recent years and its ties to Russia. However, investments from Accel and Nvidia are an important sign of legitimacy, and it's hard to find a quality name like Nebius trading at valuations this low.
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Photo gallery from the Division 2 football semifinal between Orchard Lake St. Mary’s and Birmingham GrovesBAKU (Reuters) -Countries agreed to a hard-fought COP29 deal to provide $300 billion in annual climate finance by 2035. But while some delegates reacted to the agreement early Sunday with a standing ovation, others voiced anger and lambasted wealthy nations for not doing more. Here are some of their comments: U.N. FRAMEWORK CONVENTION ON CLIMATE CHANGE EXECUTIVE SECRETARY SIMON STIELL (in a statement) "It has been a difficult journey, but we've delivered a deal. This new finance goal is an insurance policy for humanity, amid worsening climate impacts hitting every country. "This deal will keep the clean energy boom growing and protect billions of lives. It will help all countries to share in the huge benefits of bold climate action: more jobs, stronger growth, cheaper and cleaner energy for all. "But like any insurance policy – it only works – if the premiums are paid in full, and on time. No country got everything they wanted, and we leave Baku with a mountain of work still to do. So this is no time for victory laps." INDIA REPRESENTATIVE CHANDNI RAINA "We are disappointed in the outcome which clearly brings out the unwillingness of the developed country parties to fulfil their responsibilities." "I regret to say that this document is nothing more than an optical illusion. This, in our opinion, will not address the enormity of the challenge we all face. Therefore, we oppose the adoption of this document." U.N. SECRETARY GENERAL ANTONIO GUTERRES "I had hoped for a more ambitious outcome – on both finance and mitigation – to meet the great challenge we face. But this agreement provides a base on which to build. It must be honoured in full and on time. Commitments must quickly become cash." BOLIVIA REPRESENTATIVE DIEGO PACHECO BALANZA (speaking via a translator) "We need a finance which will properly grant us the resources we need to take steps. The finance that is hugely below our requirements is an insult and it is a flagrant violation of justice and climate equity. "Climate finance, as it stands in this agreement, is extinguishing international cooperation. We are moving on from the time of leaving of no-one behind to an era of let every man save himself." BRITISH ENERGY MINISTER ED MILIBAND (In a statement) “This is a critical eleventh hour deal at the eleventh hour for the climate. It is not everything we or others wanted but is a step forward for us all." "Today’s agreement sends the signal that the clean energy transition is unstoppable. It is the biggest economic opportunity of the 21st century and through our championing of it we can help crowd in private investment." TINA STEGE, MARSHALL ISLANDS CLIMATE ENVOY (in a statement) “We came in good faith, with the safety of our communities and the well-being of the world at heart. Yet, we have seen the very worst of political opportunism here at this COP, playing games with the lives of the world's most vulnerable people. "Fossil fuel interests have been determined to block progress and undermine the multilateral goals we’ve worked to build. This can never be allowed to happen. "Despite the barriers, we’ve fought hard and secured something for our communities. We are leaving with a small portion of the funding climate-vulnerable countries urgently need. "It isn’t nearly enough, but it’s a start, and we’ve made it clear that these funds must come with fewer obstacles so they reach those who need them most. We have also rejected those who sought to undo the agreements we made on phasing out fossil fuels." EU CLIMATE COMMISSIONER WOPKE HOEKSTRA "With these funds and with this structure, we are confident we will reach the $1.3 trillion objective. On efforts to cut emissions: "It was not a focus of this COP but we wanted more, because the world needs more of it. And even though the UAE Consensus was attacked, we did move forward, even though it was just a bit. "We did manage to safeguard Dubai and take some steps forward. It is less than we would have liked, but it's better than we feared. So we're unhappy to lose a year, we're happy not to lose this fight." (Reporting by Simon Jessop, Gloria Dickie, Kate Abnett, Valerie Volcovici ; Editing by Katy Daigle)
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