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Peter Anholt tried to keep things light as he emerged from one of the elevators at Canada’s hotel. The temperature had been turned way up on the veteran hockey executive and the country’s under-20 program after a stunning upset some 12 hours earlier. “You only want to talk to me when things are bad, eh?” Anholt joked to reporters Saturday morning. “Is that how this works?” That is indeed what happens when a powerhouse with a record 20 gold medals expected to roll over an opponent suffers one of its worst all-time defeats at the tournament. Canada was embarrassed on home soil 3-2 by Latvia — a country it had thumped by a combined 41-4 score across four previous meetings — in a shocking shootout Friday. Coming off a disastrous fifth-place finish last year in Sweden and having talked a lot about upping their compete level and preparation, the Canadians looked disjointed for long stretches against the plucky, hard-working Latvians. The power play finally clicked late in the third period, but stands at 1-for-7 through two games, while the top line of Easton Cowan, Calum Ritchie and Bradly Nadeau has yet to translate its pre-tournament chemistry into success in the spotlight. “We’re certainly trying to problem solve, but not throw the baby out with the bath water,” said Anholt, who heads the world junior setup. “We’ve got to be really careful.” Canada, which picked up a solid 4-0 victory over Finland to open its tournament Thursday, had plenty of offensive zone time and directed 57 shots at Latvian goaltender Linards Feldbergs. Included in that total, however, were far too many one-and-done efforts from the perimeter with little traffic in front. There were, of course, desperate spurts — especially late in regulation and in 3-on-3 overtime — but not nearly enough for a roster peppered with first-round NHL draft picks and top prospects. “We played really, really hard,” Anholt said in defending his players. “We controlled the puck lots. We created some chances. Their goalie was really good and they defended really good ... 99 times out of 100 we win that game.” Hoping for a big response Sunday against Germany before meeting the United States on New Year’s Eve to tie a bow on round-robin action in Group A, Canada will have to push ahead minus one of its best players. Star defenceman Matthew Schaefer was injured Friday and is done for the tournament after he slammed into Latvia’s net and skated off favouring his left shoulder area. “Tough blow for the kid,” Anholt said. “The way he plays the game, he plays it at such a high speed.” Cowan, a Toronto Maple Leafs first-round selection, said Canada remains confident despite Friday’s ugly result in the nation’s capital. “We’re good,” said the 19-year-old from Mount Brydges, Ont. “Everyone’s lost a hockey game before.” But not like that — or to that opponent on that stage. “Bit of a (crappy) feeling,” said Nadeau, a Carolina Hurricanes prospect from St-Francois-de-Madawaska, N.B. “We all know what this group is capable of. Losing that game is not our standard. “We’ll bounce back.” Some corners of social media exploded following the Latvian debacle, with heavy criticism directed at head coach Dave Cameron and the team’s overall roster construction. “We’re not really worried about it,” defenceman and Ottawa native Oliver Book, who like Cowan is back from last year’s team, said of the outside noise. “We know we didn’t play well.” Canada appears poised to mix things up against the Germans. Vancouver Canucks prospect Sawyer Mynio of Kamloops, B.C., is set draw in for Schaefer, while Anholt indicated there’s a good chance forward Carson Rehkopf will get his first crack at the 2025 tournament as a returnee. The 19-year-old Seattle Kraken second-round pick from Vaughan, Ont., has scored a combined 78 goals over his last 97 regular-season and playoff games in the Ontario Hockey League. “Great player,” Cowan said. “He finds ways.” Anholt said taking a big-picture approach is key in challenging moments. “Let’s not panic,” he said. “The world hasn’t fallen in. It’s hard, but we’ll learn from it.” It’s something Canada will have to do under intense scrutiny. “People are gonna love you and people are gonna hate you,” said Cowan, who has a goal an assist through two games. “Gotta keep doing you.” Anholt, who was also at the helm 12 months ago when Canada never got in gear, isn’t getting 2024 vibes from this year’s group. “Not even in any way, shape or form,” he said. “We’ve just got to take care of business.” They get a first shot at redemption Sunday.A civil jury in Ireland finds that mixed martial arts fighter Conor McGregor assaulted a woman in a hotel. (CORRECTS: A previous APNewsAlert misstated the claim the jury found him liable for.)OTTAWA, Ontario (AP) — Notre Dame forward Danny Nelson scored twice, Western Michigan’s Hampton Slukynsky made 25 saves and the defending champion United States beat Latvia 5-1 on Saturday in the world junior hockey championship. The United States improved to 2-0 in Group A play, while Latvia dropped to 1-1 a day after stunning Canada with a 3-2 victory in a shootout. Boston College’s Ryan Leonard, Denver’s Zeev Buium and Minnesota Duluth’s Max Plante also scored for the Americans. They will be back in action Sunday at Canadian Tire Centre against Finland, then close group play Tuesday night against Canada. Davids Livsics scored for Latvia. Linards Feldbergs stopped 36 shots after making 55 saves against Canada and stopping all eight attempts in the shootout. In the only other game of the day, Czechia beat Kazakhstan 14-2 at TD Place. Czechia and Sweden are both 2-0 in Group B. Matej Mastalirsky, Vojtech Hradec and Jakub Stancl had hat tricks, with Hradec and Stancl also each assisting on two goals. AP sports: https://apnews.com/sports
OTTAWA—Three key premiers whose provinces generate energy exports dismissed Premier suggestion that Canada should slap punitive tariffs on America or shut off electricity, gas and oil shipments to the U.S. in retaliation for Donald Trump’s threatened tariffs on Canadian products, as Trump shrugged off Ford’s warning. Alberta Premier Danielle Smith, Quebec Premier François Legault, and Newfoundland and Labrador’s Andrew Furey said bluntly they do not support Ford’s threat to “cut off their energy” which he said would make Americans “feel the pain.” Ford made the threat after all 13 premiers met the night before with Prime Minister Justin Trudeau on Canada’s response, and he reiterated it Thursday. However Trump, the incoming U.S. president appeared unmoved by Ford’s tough talk when speaking with a CNBC reporter Thursday on the floor of the New York Stock Exchange. “That’s OK if he that does that. That’s fine,” Trump told CNBC, repeating his about the Canada-U.S. trade deficit. “The United States is subsidizing Canada and we shouldn’t have to do that,” Trump said. “And we have a great relationship. I have so many friends in Canada, but we shouldn’t have to subsidize a country. We’re subsidizing more than a $100 billion a year. We shouldn’t have to be doing that.” Alberta’s Smith dismissed throttling Canadian energy shipments as she unveiled Alberta’s own plan to beef up border security with new provincial sheriff patrol teams to allay Trump’s border concerns. “Under no circumstances will Alberta agree to cut off oil and gas exports,” Smith said. “We don’t support tariffs. I don’t support tariffs on Canadian goods, and I don’t support tariffs on U.S. goods, because all it does is make life more expensive for everyday Canadians and everyday Americans,” Smith said. “Instead, we’re taking a diplomatic approach, and we’re meeting with our allies in the U.S. We’re making the case for Alberta oil and gas to be part of the solution to energy affordability, to energy security and to, generally speaking, North American defence security as well,” she said. Ford reiterated the notion of cutting off Canadian energy exports to the U.S. right before Quebec and Newfoundland and Labrador unveiled a blockbuster new $225-billion hydroelectricity , one those two provinces touted as key to Canada’s renewable energy commitments. The deal replaces a scorned decades-old contract due to expire in 2041, and requires Quebec to pay 30 times more for thousands of kilowatt hours of power generated from the Churchill Falls plant. It will also see the two provinces develop new hydro power projects along the Churchill River, and generate 2,400 more megawatts for Quebec. Legault called it an “extraordinary” deal for Quebec that means Labrador hydroelectricity will ramp up from a 17 per cent share of Quebec’s supply to 50 per cent. Furey said the agreement “changes everything.” “It is a fair deal for both parties. It’s a good commercial deal that recognizes the ills of the past and creates a new path forward for Newfoundland and Labrador, while allowing Quebec some certainty moving forward. So Premier Legault did show us the money,” Furey quipped. So it was no surprise when both premiers immediately dismissed any call to shut off energy exports to U.S. markets. “These tariffs will have significant impact on families and macro economies on both sides of the border. We hope it is just bluster. We’re preparing as if it is not. There will be no winners in a trade war,” Furey said, echoing Smith’s pledge. “Certainly from Newfoundland and Labrador’s perspective, we have no interest in stopping the flow of oil and gas, our incredibly valuable and now well-sought-after-world-class oil and gas to the United States. Nor do we now have any interest in stopping export of any electrons that could be produced in Labrador to the Northeastern seaboard.” Legault said he met Trump in Paris last weekend, “and he told me very clearly that we can avoid those tariffs if we do what needs to be done with the borders.” “He doesn’t want to see any more illegal immigrants coming from Canada to U.S. So I think the best choice right now for Mr. Trudeau is to very fast table a plan with money, with the number of people, to better secure the border. I think we have to do that. It’s a lot better than getting 25-per-cent tariffs starting on Jan. 21. So I prefer that than starting a war and stopping sending energy to (the) United States.” The Alberta premier said her new measures, which include sheriff patrol teams, and a “red zone” within two kilometres of the Alberta-Montana border, had been in the works since 2023 and would have been implemented even without Trump’s tariff threat. Steve Verheul, Canada’s former top trade negotiator, has suggested that Canada could put export levies on key Canadian goods like oil and agricultural commodities, saying it would quickly drive up the cost of fuel and food to American consumers, and could be used as leverage to negotiate a “broader exemption across all the sectors” that may be hit by Trump’s tariffs. Smith dismissed that, too, as a “terrible idea.” Manitoba Premier Wab Kinew said Thursday he also intends to beef up border security using provincial conservation officers and spend more on overtime for RCMP officers at the border. Kinew did not directly answer whether he would restrict electricity exports, but Kinew said Manitoba is drafting a list of potential retaliatory tariffs in order to protect Canadian jobs at risk from Trump’s tariffs. He said Canada must show “how are we going to stand up for the ag industry? How are we going to stand up for our energy industry and the manufacturing industry here in Manitoba? So we have to make sure that our response is comprehensive,” he said. But at Queen’s Park, Ford did not walk anything back. He said he’s “sending a message to the U.S.” not to impose tariffs on Canadian goods or else — as a “last resort” — Ontario will strike back. “We power 1.5 million homes,” Ford said Thursday, referring to the electricity Ontario supplies Michigan, New York and Minnesota. “If they put on tariffs, it’s going to be unaffordable for Americans to buy electricity,” the premier said, noting his province alone does about $500 billion in annual two-way trade with the U.S. and nine million American jobs depend on trading with Ontario. “Just like if they put tariffs on the 4.3 million barrels of oil that Alberta is shipping down to the U.S. — if you put 25 per cent increases, every barrel of oil, every gallon of gasoline (goes up) by $1,” he said at Queen’s Park. Ford said that “along with the federal government, all the premiers are putting a list together” of American goods that could be targeted with counter-tariffs. “We can’t just roll over as we’re being under attack and hurting our families and our jobs.” Trudeau on Monday said Canada would to Trump’s threat to impose a 25-percent surcharge on all Canadian and Mexican products on his first day in office to force the two border countries to “stop” illegal immigration and fentanyl from entering the U.S. But it is far from clear what American products the Liberal government would levy counter-tariffs on. Deputy Prime Minister Chrystia Freeland said only that several premiers said critical minerals and metals needed by the U.S. should be on any “robust” Canadian retaliatory tariff list.
The UK's nuclear warhead manufacturer AWE (Atomic Weapons Establishment) has rebranded in an attempt to attract more workers. However, it has refused to disclose to the Canary how much public money it spent on the accompanying public relations (PR) exercise. AWE faces increased demand for its services following the Conservative Party government's decision, under the Integrated Review 2021, to increase the UK's stockpile of nuclear warheads from 225 to 260. That decision came during the context of increasing hostility from Russia after the annexation of Crimea in 2014 and the poisoning of the Skripals in 2018, but before the full-scale invasion of Ukraine in 2022. In addition, the US and Russia had withdrawn from the Intermediate-Range Nuclear Forces Treaty (INF Treaty) in 2019. AWE: rebranded to 'attract more workers' Two high profile parts of AWE rebrand were changes to its logo and tagline, which were shared in materials including posters in public places like trains. The logo used to be teal or black letters saying AWE and a teal or black electron field detail, all on a white background. This has been replaced with black AWE letters with softened edges and the phrase 'nuclear security technologies' in all caps. AWE has two main sites at Aldermaston and Burghfield, both in Berkshire. An anti-nuclear weapons campaigner, familiar with the Aldermaston site, told the Canary they had seen "big adverts on the side of busses in Oxford and Reading" for AWE. In addition, the campaigner said they saw adverts on the handsets of petrol pumps at three different Sainsbury's petrol stations in the local area encouraging people to apply for jobs at AWE Aldermaston. Failing to mention what it really does One poster spotted on a train says "There's more to working at AWE than you think... like meaningful work protecting the nation and an impressive range of benefits" with a person dressed in personal protective equipment holding a tablet computer: The poster also says...
India Industrial Air Compressor Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Airman Asia Sdn Bhd (Hokuetsu Industries Co., Ltd.) Atlas Copco AB BAUER COMPRESSORS INC. 12-28-2024 11:05 AM CET | Business, Economy, Finances, Banking & Insurance Press release from: orion market research India Industrial Air Compressor Market India industrial air compressor market is estimated to grow modestly at a CAGR of around 6.2% during the forecast period. This informative India Industrial Air Compressor Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this India Industrial Air Compressor Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help of this India Industrial Air Compressor Market study report. Get Free Sample link @ https://www.omrglobal.com/request-sample/india-industrial-air-compressor-market According to the India Brand Equity Foundation (IBEF), the cumulative Foreign Direct Investment (FDI) in India's manufacturing sector reached nearly $91.2 billion during April 2000-June 2019. Cohesive government initiatives such as "Make in India", huge FDI inflow, and significant efforts of major manufacturing companies such as GE Healthcare, Siemens AG, HTC, Toshiba Corp., and Boeing AG to set up their manufacturing plants in India, is further anticipated to contribute towards the growth of the industrial air compressor market in the country. A full report of India Industrial Air Compressor Market available @ https://www.omrglobal.com/industry-reports/india-industrial-air-compressor-market •Market Coverage •Market number available for - 2024-2031 •Base year- 2024 •Forecast period- 2024-2031 •Segment Covered- By Source, By Product Type, By Applications •Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others Market Segmentation India Industrial Air Compressor Market by Type oPortable oStationary India Industrial Air Compressor Market by Technology oDynamic Displacement Compressors oAxial Flow Air Compressors oCentrifugal Compressors oPositive Displacement Compressors oRotary Air Compressors oReciprocating Compressors India Industrial Air Compressor Market by End-User oFood & Beverages oOil & Gas oEnergy and Power oManufacturing oAutomotive oOthers (Construction and Mining) Company Profiles oAtlas Copco AB oBAC Compressors oBAUER COMPRESSORS INC. oCurtis-Toledo, Inc oELGi Equipments Ltd. oGeneral Electric Co. oHitachi Ltd. oIndo-Air Compressors Pvt. Ltd. oKirloskar Pneumatic Co. Ltd. oSiemens AG The Report Covers •Comprehensive research methodology of the India industrial air compressor market. •This report also includes a detailed and extensive market overview with key analyst insights. •An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. •Analysis of regional regulations and other government policies impacting the India industrial air compressor market. •Insights about market determinants which are stimulating the India industrial air compressor market. •Detailed and extensive market segments with regional distribution of forecasted revenues. •Extensive profiles and recent developments of market players. For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/india-industrial-air-compressor-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies. Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404 This release was published on openPR.Share Tweet Share Share Email Speed and efficiency are critical. Financial institutions face increasing pressure to process loans quickly while maintaining accuracy. Traditional methods of loan processing often involve extensive manual labor, leading to delays and higher costs. Automation in loan processing and underwriting is a game-changer, offering faster credit decisions without compromising on quality . The Need for Automation in Loan Processing Loan processing involves multiple steps, including application review, document verification, and credit assessment. Historically, this has been a time-consuming process. For example, manual verification of documents can take days or even weeks. With increasing customer expectations for quick approvals, financial institutions need to adapt. Automation helps streamline these steps, ensuring faster turnarounds and improved customer satisfaction. Challenges in Traditional Loan Processing Traditional loan processing methods come with several challenges: Time-Consuming Processes: Manual tasks such as data entry and document validation slow down the approval process. Human Error: Errors in data entry or calculations can lead to incorrect decisions. High Operational Costs: Staffing for manual processing requires significant resources. Regulatory Compliance: Keeping up with changing regulations manually is labor-intensive and prone to oversight. Automation addresses these challenges by minimizing manual intervention and enhancing accuracy. How Automation Speeds Up Loan Processing Streamlined Data Collection Automated systems can collect and analyze data from various sources in real time. For instance, an automated platform can pull credit scores, income details, and employment history from integrated databases. This eliminates the need for borrowers to submit extensive paperwork, reducing the overall processing time . Optical Character Recognition (OCR) OCR technology is a critical component of loan processing automation. It allows systems to read and extract information from physical or digital documents. This reduces the time spent on manual data entry and ensures greater accuracy. Automated Credit Scoring Automation uses algorithms to assess creditworthiness based on predefined criteria. These algorithms analyze multiple factors, such as credit history, income, and debt-to-income ratio, within seconds. This results in faster and more consistent credit decisions. Real-Time Fraud Detection Fraud detection is crucial in loan processing. Automated systems use machine learning models to detect anomalies and flag potential fraud. For example, these systems can identify discrepancies in income statements or mismatched personal details, reducing the risk of fraudulent applications. The Role of Automation in Underwriting Underwriting is a critical step in loan approval, involving risk assessment and decision-making. Traditional underwriting methods rely heavily on human judgment, which can be subjective and inconsistent. Automation brings objectivity and efficiency to this process. Automated Underwriting Systems (AUS) AUS evaluates applications using predefined rules and criteria. These systems can process large volumes of applications simultaneously, ensuring quick decisions. Additionally, they provide clear justifications for approvals or rejections, enhancing transparency. Machine Learning in Underwriting Machine learning models improve the accuracy of underwriting decisions by analyzing historical data. These models identify patterns and trends that may not be evident to human underwriters. For example, a machine learning algorithm can predict default risks based on subtle indicators, such as irregular income patterns or recent job changes. Improved Compliance Automation ensures adherence to regulatory requirements by embedding compliance rules into the system. This reduces the likelihood of errors and penalties. For example, automated systems can check whether a loan meets Fair Lending Act requirements, ensuring unbiased decisions. Benefits of Automation in Loan Processing and Underwriting Faster Turnaround Times Automated systems significantly reduce the time required for loan approvals. Borrowers can receive decisions within minutes, improving their experience and increasing customer loyalty. Cost Efficiency Automation reduces the need for extensive manual labor, lowering operational costs. Financial institutions can reallocate resources to focus on customer service and strategic initiatives. Enhanced Accuracy Automated systems minimize errors in data entry and calculations. This ensures more accurate decisions, reducing the risk of defaults or regulatory violations. Scalability Automation allows financial institutions to handle higher volumes of applications without compromising on quality. This is particularly beneficial during peak periods, such as holiday seasons or economic stimulus programs. Better Risk Management Machine learning models used in automation improve risk assessment. By analyzing a wide range of data points, these models provide a comprehensive view of borrower risk. Key Considerations for Implementing Automation Integration with Existing Systems For successful implementation, automated systems must integrate seamlessly with existing platforms. This ensures a smooth transition and minimal disruption to operations. Data Security With increased reliance on digital systems, data security is paramount. Financial institutions must invest in robust cybersecurity measures to protect sensitive customer information. Employee Training Automation does not eliminate the need for human involvement. Employees must be trained to work alongside automated systems, focusing on tasks that require judgment and expertise. Regulatory Compliance Automated systems must be designed to comply with local and international regulations. Regular audits and updates are essential to maintain compliance. Future Trends in Loan Processing and Underwriting Automation Artificial Intelligence (AI) Integration AI is set to play a larger role in automation, enabling more sophisticated decision-making processes. For instance, AI can analyze unstructured data, such as social media activity, to assess creditworthiness. Blockchain Technology Blockchain offers a secure and transparent way to manage loan data. By providing a tamper-proof ledger, blockchain can streamline verification processes and reduce fraud. Customer-Centric Solutions Future automation efforts will focus on enhancing the borrower experience. Personalized loan offers and intuitive application processes will become standard. Conclusion Loan processing and underwriting automation are revolutionizing the financial industry. By leveraging technologies like OCR, machine learning, and AI, financial institutions can speed up credit decisions, reduce costs, and improve accuracy. However, successful implementation requires careful planning, integration, and adherence to regulatory standards. As automation continues to evolve, it promises a future of faster, smarter, and more customer-centric lending processes . Related Items: Automation in Loan Processing , Automation in Underwriting , Speeding Up Credit Decisions Share Tweet Share Share Email CommentsThe morning catch up: ASX to rise ahead of RBA rates call
Representative Alexandria Ocasio-Cortez (D-N.Y.) eventually faced a significant setback following losing her bid to lead Democrats on the House Oversight and Accountability Committee to veteran Congressman Gerry Connolly (D-Va.), reported The Hill. ET Year-end Special Reads Gold outshines D-St with 20% returns, but 2025 may be different The year of the pause: How RBI maneuvered its policy in 2024 2024, the year India defeated China's salami-slicing strategy According to The Hill, Gerry Connolly won the vote 131 to 84 which has actually sparked frustration among progressives while seeking generational change in leadership. This sudden defeat actually signals a major reluctance within the Democratic Party to embrace leftist ideologies as they attempt to rebrand themselves following the recent huge electoral losses. The loss of Alexandria Ocasio-Cortez has actually raised questions about her future role in the party while some suggest that she might be more effective outside the Congress where she could critique the establishment without internal constraints, asserted The Hill. While she still remains an extremely prominent figure with significant support among young voters, at the same time, her recent defeat actually highlights the challenges faced by progressives in a party that has historically favored seniority and moderation. In spite of this huge setback, numerous Democrats believe that the influence of Alexandria Ocasio-Cortez will obviously continue to grow. They also placed an argument that her communication skills and ability to connect with younger constituents make her an invaluable asset, noted The Hill. FAQs: Why did famous political personality Alexandria Ocasio-Cortez recently face a significant setback? 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What kinds of question are being raised after the loss of Alexandria Ocasio-Cortez? The loss of Alexandria Ocasio-Cortez has actually raised questions about her future role in the party while some suggest that she might be more effective outside the Congress where she could critique the establishment without internal constraints. ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our Economic Times WhatsApp channel )
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