(MENAFN- Trend News Agency) BAKU, Azerbaijan, July 22
By Ilkin Seyfaddini - Trend:
The World Health Organisation's (WHO) Regional Office for Europe has sent a humanitarian cargo worth more than $4 million to Uzbekistan, weighing about 85 tons, Trend reports with reference to UzReport News Agency.
The cargo was purchased by WHO Headquarters through the global COVID-19 Solidarity and Response Fund.
The humanitarian cargo was shipped in two stages. The first consignment included: 619,400 face shields and 2.1 million surgical masks.
The second batch consisted of personal protective equipment, including: goggles (95,200 pieces), protective coats (178,000 pieces), surgical masks (12,000 pieces), KN95 respiratory masks (1.1 million pieces).
The cargo is intended for transfer to the Agency for Sanitary and Epidemiological Welfare under the Ministry of Health of Uzbekistan.
The first case of coronavirus infection in Uzbekistan was detected on March 15 in the laboratory of the Research Institute of Virology; it was an Uzbek woman who returned from France. The Ministry of Health later announced that her son, daughter, husband and grandson also tested coronavirus-positive.
The outbreak of the coronavirus began in the Chinese city of Wuhan (an international transport hub), at a fish market in late December 2019.
The World Health Organization (WHO) declared COVID-19 a pandemic on March 11. Some sources claim the coronavirus outbreak started as early as November 2019.
Follow author on Twitter: @seyfaddini
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(MENAFN- Gulf Times) Qatar Islamic Bank (QIB) has received two awards from the ‘Arab Best Award 2017' in a ceremony held recently in Morocco, according to a statement.
QIB was recognised as ‘Best Management Team in Banking and Financial Services in the Arab World for 2017', while QIB Group CEO Bassel Gamal was ranked seven amongst the ‘Best 100 Arabian CEOs' and number No 1 across the banking sector, according to the published ranking.
The ‘Arab Best Award' was launched in 2016 to recognise the best in the Arab world in leadership, business and community, and sports.
The awards committee recognised QIB's efforts in establishing itself as a leading banking institution in the region, while cementing its position in its home market, Qatar.
QIB has demonstrated steady financial growth over the past few years and has been setting a benchmark for Islamic banks in the region by embracing cutting-edge banking technologies and its customer-centric approach that guides the design of its Shariah-compliant products and services.
This strategy is guided by the Qatar's National Vision 2030 and implemented by a team of highly-skilled and dedicated employees, QIB said.
'The awards are a testament to both QIB's efforts in providing a comprehensive portfolio of banking services and to the strength of the banking sector in Qatar, said Gamal.
'We are pleased for this recognition, which is the result of our customer's trust and loyalty, the wise leadership of our board of directors, and the commitment of all our employees to deliver the highest standard of banking services, he added.
Since 1982, QIB has been an active contributor to Qatar's banking industry and has been the recipient of internationally-acclaimed banking awards from Global Finance and The Banker, among others.
Recently, QIB recorded a 10.6% year-on-year growth in net profit to reach QR1.77bn in the first nine months of 2017.
QIB's total assets increased by 11% compared to September 2016 and 7% compared to December 2016, and now stands at QR149bn, driven by growth in the investing and financing activities.
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Tornado warning for parts of Chippewa and Renville counties
THE NATIONAL WEATHER SERVICE IN THE TWIN CITIES HAS ISSUED A
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(MENAFN- Newswire) WOODSIDE, N.Y.,
January 24, 2020(Newswire.com) - President and founder of the Law Offices of Patrick Binakis, P.C., Patrick Binakis, Esq., recently volunteered at the "NCBA Pro Bono Open House," held at the Nassau County Bar Association in Mineola, NY, where he assisted distressed homeowners facing foreclosures .
Mr. Binakis, a foreclosure attorney who specializes in the resolution of IRS and New York State tax controversies and foreclosure defense , was joined by the firm's newest litigation paralegal, Sofiya Rubenova. Together, the two provided one-on-one consultations to numerous concerned homeowners battling to protect their homes.
'With my unique experience representing lenders in foreclosure actions, I'm able to know exactly where the other side is coming from and provide borrowers with an unprecedented advantage in fighting back against the banks and servicers. I'm so happy to be able to educate and defend homeowners facing lender abusers,' said Patrick Binakis, Esq.
Servicing the Five Boroughs, Nassau County, Suffolk County, Westchester, and Rockland County, the Woodside, NY, foreclosure defense firm can also assist homeowners with loan modifications , short sales, deed-in-lieu, forbearance agreements and litigating foreclosure actions.
To learn more about The Law Offices of Patrick Binakis, P.C., please visit nystateforeclosuredefense.com or call (718) 626-2853.
About The Offices of Patrick Binakis
Patrick Binakis is the president and founder of the Law Offices of Patrick Binakis, P.C. Mr. Binakis has over five years of experience representing lenders in foreclosure actions and has taken that experience to help borrowers facing financial difficulties save their homes and protect them from lender abuses.
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New Delhi, Jan 17 (IANS) In a lengthy tribute to Pandit Birju Maharaj on Twitter, dance guru and Rajya Sabha MP Sonal Mansingh mourned the passing away of a colossus whom she described as 'a complete artist and Icon of Kathak dance'.
The acclaimed exponent of the Odissi and Bharatanatyam dance forms said in her tweet: 'With his passing away curtain falls on an era of great art. Words fall short to describe his multi-faceted personality, his absolute passion for performing, teaching, painting, singing and creating new works is unparalleled.'
Mansingh concluded by saying: 'There never was or will be another like him. It's a personal loss to me. I shall cherish his deep affection and friendship of which he gave unstintingly. May his legacy continue to illuminate the world of Art.'
Pandit Birju Maharaj, who had been diagnosed with kidney disease a month ago and put on dialysis, died at his home in Delhi late on Sunday. He was 83.
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Fire reported Sunday morning
The Park Rapids and Carsonville fire departments responded to a fire Sunday morning at the home of Sissy and Bob Deitchler near Osage. No one was injured.
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(MENAFN- PR Newswire)
LONDON, Jan. 25, 2023 /PRNewswire/ -- Greenbrook, the specialist communications advisor to the investment industry, with particular expertise in private equity, venture capital, private debt, hedge funds and special situations,
is pleased to announce that it has been ranked as the #2 communications advisor for M&A in EMEA by deal count, in Megermarket's 2022 Global League Tables. The firm was also ranked #7 globally and #7 in the UK by deal count.
Greenbrook worked on over 140 M&A transactions worth almost $40 billion in 2022, acting as a trusted advisor to some of
the world's leading investment firms.
Andrew Honnor, Managing Partner of Greenbrook, said:
'2022 was a busy period for our clients, whom we helped navigate some of the year's most complex, high-profile transactions. We expect activity to remain high this year as valuations rebound and private equity investors seek to deploy their significant dry powder. This ranking is recognition of our team's efforts throughout the year and is testament to Greenbrook's deep M&A expertise.'
With more than a decade's experience advising global investment firms across sectors and geographies, Greenbrook helps clients to develop impactful communications strategies that effectively disseminate a compelling, positive message to key stakeholders and pre-empt any potential challenges or sensitivities.
All data included in the Mergermarket Global & Regional League Tables 2022 is based on Mergermarket's M&A deals database and includes transactions over $5 million.
+44 20 7952 2000 / [email protected]
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M State finance staff members honored for work by MnSCU
Pat Nordick and Dennis Zilmer of Minnesota State Community and Technical College have been recognized for their work in developing the innovative Campus Service Cooperative, which aims to increase the efficiency of colleges and universities statewide.
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Pfeiffer: President’s plan will tackle jobs
White House Communications Director Dan Pfeiffer says the president will lay out specific measures to grow the economy and create jobs, including tax cuts, infrastructure support, and help for the unemployed.


(MENAFN- Kashmir Observer)
Srinagar- A class 10th student at Aligarh Muslim University (AMU) from Sopore is missing since December 8 and his family has sought help of authorities to trace their son.
16-year-old Masroor Abbas Mir of Bohripora locality of Sopore left his hostel on the morning of December 8 for the school but did not reach there, family members said.
“We tried to seek his whereabouts from his colleagues and school authorities but nobody is aware where he is,” a family member said.
“Masroor had withdrawn cash of Rs 5000 from an ATM. His mail is logged in and from that his last location was traced from Aligrah”, a relative of Masroor said.
His family said that a missing report has been filed in the concerned police station.
They appealed people to contact on the numbers 8308876880 and 8491878812 if they have any information about their son.
Meanwhile, People's Democratic Party (PDP) chief Mehbooba Mufti also tweeted,“Masroor Abbas Mir, a tenth grade student at the Aligarh Muslim University has been missing since yesterday morning. Please spread the word in helping his family trace his whereabouts.”. (KNO)
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(MENAFN) On the day of Saturday, Palestinian resistance factions located in the Gaza Strip asserted that they had undertaken deliberate actions aimed at various Israeli military targets.
The Al-Quds Brigades, affiliated with the Islamic Jihad Movement and serving as its military arm, asserted on the messaging platform Telegram that they successfully aimed at an Israeli military vehicle using two shells. As a result of this targeted action, several soldiers were reported injured in the western vicinity of Gaza City.
The military wing of Hamas, the Al-Qassam Brigades, reported “targeting enemy (Israeli) command centers” in southern Gaza City with heavy-caliber mortar shells.
They also announced striking “an Israeli Merkava tank in the eastern part of Khan Yunis city with a Yasin 105 shell.”
Al-Qassam additionally asserted responsibility for shelling the advancing enemy forces in the northern part of Khan Yunis city using mortar shells. Furthermore, they reported launching a barrage of missiles directed at the Israeli settlement known as "Magen" within the Gaza region.
On the evening of Friday, the Al-Qassam Brigades reported the destruction, either completely or partially, of 21 Israeli military vehicles in the Gaza Strip.
This development follows Israel's resumption of military operations in the Gaza Strip on December 1, subsequent to the conclusion of a week-long humanitarian pause with the Palestinian group Hamas.
The ongoing conflict has resulted in a significant toll, with at least 17,487 Palestinians reported killed and more than 46,480 others injured due to relentless air and ground attacks on the enclave since October 7. These hostilities began after a cross-border attack by Hamas.
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Government meetings this week
Following are some of the area governmental meetings scheduled this week:
Planning Commission, 3 p.m. Tuesday, Council Chambers.
City Council special meeting, 6 p.m. Tuesday, Council…
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(MENAFN- Khaleej Times) Published: Sun 3 Dec 2023, 7:22 AM
Residents can look forward to a cloudy weekend with a chance of rainfall in some parts of the UAE, as per a forecast by the National Centre of Meteorology.
Skies today are expected to be fair to partly cloudy at times, with low clouds appearing over some areas. There is a chance of convective clouds eastward with a probability of rainfall.
The NCM has issued red and yellow alerts for fog in parts of the country. Residents have been warned of lowered visibility until 9am today.
The Abu Dhabi Police has also alerted motorists of the fog and asks them to exercise caution while driving. They are urged to follow changing speed limits displayed on electronic information boards.
The weather will get humid by night and Monday morning, with a probability of fog or mist formation over some internal and coastal areas.
Light to moderate winds are set to blow, freshening at times with clouds.
The sea will be slight to moderate at times in the Arabian Gulf and in Oman Sea.
Lowest temperature is expected to drop to 10oC in mountainous regions of the UAE, with the highest reaching 31oC in internal areas of the country.
3-day weekend in UAE: Will it rain during the National Day holiday?
COP28: UAE to export cloud-seeding technology to water-scarce countries
UAE winter: Now, experience snow on Dubai's rain street
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Abbas Ganbay Read more
ADA University, Azerenerji OJSC, Italian company Ansaldo
Energia, and the University of Turin signed a Memorandum of
Understanding, Azernews reports.
The document was signed during the visit of the Italian
delegation to Baku.
Under the agreement, a Training and Laboratory Centre will be
established on the territory of Azerenerji's North Power Plant in
Shuvalan to train highly qualified professional personnel.
The agreement for the university's establishment was reached in
2020 during the state visit of Azerbaijan President Ilham Aliyev to
the Italian Republic. The university is a partnership between five
leading Italian universities: Luiss University, Bologna University,
Politecnico di Milano, Politecnico di Torino, and Sapienza
University of Rome.
The university's program portfolio will cover niche strategic
sectors of the economy and strive to meet the increasing demand for
competent manpower in these areas. These include agriculture and
food science, engineering, architecture, urban planning and
landscape architecture, design, and social sciences.
On November 20, 2023, ADA University, Azerenerji, Italian
company Ansaldo Energia, and Turin University signed a Memorandum
of Understanding to establish a training and laboratory centre in
Baku. This centre will focus on transferring knowledge, know-how,
technology, and innovation between Azerbaijan and Italy. It will be
equipped with technology labs, a fabrication hall, a design centre,
a business incubator, and a "bazaar" to provide a strong link to
industry and Italy.
The centre is expected to provide a unique opportunity for
students and professionals to gain access to the latest
technologies and research in the fields of energy, engineering, and
design. This will help to create a more sustainable and innovative
economy in Azerbaijan and strengthen the partnership between
Azerbaijan and Italy.
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(MENAFN- Live Mint) "Since 2018, 403 Indian students studying overseas have died, according to data provided by the Ministry of External Affairs in Parliament. These deaths were attributed to natural causes, health issues and accidents highest number of deaths has been in Canada, where 91 students have died since 2018. Russia, the United Kingdom, the United States and Australia also feature high on the list. According to the MEA data, an estimated 1.34 million Indians were studying abroad in 2022.“Canada does happen to numerically be the highest. But I would urge that the numbers be looked at in relation to the total number of Indian students in that country,” said MEA spokesperson Arindam Bagchi.“I don't know if this is an issue that merits taking up with the government. There are individual incidents where there has been foul play. Certainly, our consulates do reach out to the families. We also take it up with the local authorities on what further prosecution or other investigation they are pursuing. I wouldn't like to make a generalised comment there,” Bagchi said in response to a query about the high number of student deaths in Canada 20 students have also died in Ukraine since 2018. Thousands of Indian students were evacuated from the country after Russia invaded it in February 2022.“Our missions and posts remain vigilant and closely monitor the well-being of students. In case there is any untoward incident, it is immediately taken up with the concerned authorities of the host country to ensure that the incident is properly investigated and the perpetrators are punished. Further, the distressed Indian students are provided all possible consular assistance, including emergency medical care and boarding/lodging, whenever required,” minister of state for external affairs V Muraleedharan wrote in response to a question in Parliament.
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English attacker Gordon completes transfer to Newcastle from Everton on long-term agreement
(MENAFN) Newcastle United announced on Sunday the inking of attacker Anthony Gordon coming from Everton on a long-term agreement between the player and the team.
"Since I heard of the interest, I was always convinced Newcastle was for me," Gordon expressed following the inking ceremony.
"I think the fan base and the city really suits me as a person, the way the team is playing under the gaffer at the minute really suits me, and the club just looks like they're heading in the right direction," he also mentioned.
The player who is only 21 years old managed to contribute in 13 goals in 78 games for Everton with 7 goals and 8 assists.
As reported by Sky Sports, Gordon transferred to Newcastle in a £45-million [nearly USD55 million] agreement from Toffees with a possible extra £5 million (USD6.1million) in a way of add-ons.
The long-term deal ranked him as the Premier League club's second highest price transfer.
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Popular singer Guru Randhawa who makes fans groove to his beat has now suprised them with his new look. Check out this latest look from his upcoming single. We also know for a fact that Guru is into style experiments and his recent appearance is a testament to that. Shot in dubai , the high rated gabru is seen wearing a lose shirt with blonde hair.
From romancing Nushrratt Bharuccha in Ishq Tera to dancing with Nora Fatehi in Naach Meri Rani, we can’t wait to see his upcoming single. Not just his voice, but Guru’s acting skills have also drawn praises from his fans.
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(This News has not been edited by the Life Care team, it is published directly from the agency feed.)
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Foundation offers up scholarships, AP awards
The Siemens Foundation is recognizing its winners for the Advanced Placement Scholarships and the Teachers Scholarships, as well as celebrating its 10-year anniversary with the College Board and the Siemens Awards for Advanced Placement.
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(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 20th September, 2023 (WAM) -- Cleveland Clinic Abu Dhabi, part of M42 network, continues to reinforce Abu Dhabi's position as a global healthcare hub, with its International Patient Services recording 20 percent increase in patient volume during the first half of 2023 compared to H1 2022.
The hospital treated a total number of 1,057 international patients in H1 2023, who largely travelled from five key markets namely, Kuwait, Saudi Arabia, Pakistan, Oman and Bahrain.
Dr. Mubarak Al Darmaki, Chief Administrative Officer of Cleveland Clinic Abu Dhabi, said,“Through our International Patient Services, we offer state-of-the-art amenities and specialised expertise to provide exceptional care for patients with diverse complex needs, treating them like family.
Our innovative solutions solidify our reputation as a renowned medical hub serving patients from around the world, which we aim to further solidify by establishing strategic regional and global partnerships. The growth we have been witnessing is a reaffirmation of our robust roadmap and underscores our commitment to drive the future of the healthcare sector in alignment with the Department of Health – Abu Dhabi and position the emirate as an innovation hub for life sciences.”
Cleveland Clinic Abu Dhabi's International Patient Services provides a seamless and comfortable experience for patients seeking world-class medical care across various specialisations, close to home. It offers comprehensive coordination and guidance throughout the patient's journey, with a dedicated coordinator serving as the main point of contact.
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(MENAFN- Khaleej Times)
Published: Fri 23 Sep 2022, 8:43 PM
Last updated: Fri 23 Sep 2022, 8:45 PM
Matthew Wade scored an unbeaten 43 as Australia posted 90-5 against India in the shortened second T20 International in Nagpur on Friday.
Captain Aaron Finch made 31. Spinner Axar Patel took two wickets.
Earlier, India won the toss and chose to bowl after a wet outfield delayed the start and cut play to eight overs a side.
Rohit Sharma's men lost the first in the three-match series against the visitors by four wickets on Tuesday after Australian Matthew Wade's blistering 21-ball 45 helped the visitors chase down the formidable 209-run victory target.
The hosts made two changes in the shortened game, with the return of their pace spearhead Jasprit Bumrah and Rishabh Pant in place of pacers Bhuvneshwar Kumar and Umesh Yadav.
Australia also made two changes, with Daniel Sams replacing Nathan Ellis and Sean Abbott coming in for Josh Inglis.
India: Rohit Sharma (C), KL Rahul, Virat Kohli, Suryakumar Yadav, Rishabh Pant, Hardik Pandya, Dinesh Karthik (wk), Axar Patel, Harshal Patel, Jasprit Bumrah, Yuzvendra Chahal.
Australia: Aaron Finch (C), Cameron Green, Steven Smith, Glenn Maxwell, Tim David, Matthew Wade (wk), Pat Cummins, Daniel Sams, Sean Abbott, Adam Zampa, Josh Hazlewood.
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(MENAFN- Kashmir Observer)
Srinagar- On the occasion of world photography, a meet up was held at Khanqah e Maula to celebrate the day. The event served as an opportunity for photographers and journalists to come together and showcase their work.
In a first, the meet up was organized by Pexels in the Kashmir valley, coordinated by Syed Qaarif Andrabi, a freelance photographer.
The participating photographers were given one hour to click pictures and upload on pexels.com . Ten photography enthusiasts took part in the event.
Photographers aspiring to take part in the contest can send their entries by 1st September, 2022.
After the last date for submitting the entries is over, the photographers securing first three positions will be awarded a cash prize of 600 US Dollars.
World Photography Day is commemorated every year on 19 August. On this day, photography enthusiasts come together to celebrate the art of photography.
The origin of World Photography Day can be traced back to the 19th century. Two Frenchmen Louis Daguerre and Joseph Nicephore Niepce developed 'Daguerreotype' in the year 1837. It was a photography process. The French Academy of Sciences officially endorsed the Daguerreotype on 9 January, 1839.
On 19 August, 1839, the French government acknowledged the invention and called it 'a gift to the world'.
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(MENAFN- AsiaNet News) Idukki:
A woman died after a neighbor poured petrol on her and set her on fire in Udumbanchola, Idukki. The deceased has been identified as Parakkal Sheela. The accused neighbour Sasikumar poured petrol on Sheela and set her ablaze last Friday (Feb 9).
Sheela died while undergoing treatment at Theni Medical College. Police concluded that personal enmity led to the incident. The accused Sasikumar is in police custody. Sheela and Sasikumar are employees of a private individual's estate.
It is reported that there was a dispute between the two earlier.
Last Friday while she was working in the cardamom garden, Sasikumar, a neighbor, attacked Sheela and forcibly locked her inside the house and then poured petrol on Sheela's body and set her on fire.
Sheela, who suffered more than 60 percent burns, was first admitted to a private hospital in Nedunkandam and then to Theni Medical College. The Udumbanchola police came and broke the door and brought them out. The accused also suffered burn injuries in the incident. He is currently undergoing treatment at Idukki Medical College.
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(MENAFN- Khaleej Times) Apple has reportedly apologised and rolled out an update to fix a major security flaw in its Mac operating system (OS) that lets anyone log into Mac devices running without a password.
"Security is a top priority for every Apple product, and regrettably we stumbled with this release of macOS," The Telegraph quoted an Apple spokesperson as saying late Wednesday.
The latest version of MacOS will automatically download the update.
"When our security engineers became aware of the issue Tuesday afternoon, we immediately began working on an update that closes the security hole. The update is available for download, and starting later today it will be automatically installed on all systems running the latest version (10.13.1) of macOS High Sierra," the tech giant added.
The security flaw affected all Mac devices running the latest version of High Sierra (at least version 10.13.1 - 17B48), according to TechCrunch.
The vulnerability was discovered by Turkish developer Lemi Orhan, who found that the Mac log-in screen can be cracked simply by entering the word "root" as a username and hitting enter twice, without having to enter a password.
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Yreka Police Department Information
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Calls for Russian wheat increase on Egyptian trade
(MENAFN) The call for Russian wheat surpassed supply by almost 65 percent on the first exchange day of the newly-launched Egyptian Mercantile Exchange (EMX), Egypt’s internal trade and supply ministry made a declaration on Monday.
As said by the ministry, 12,000 tons of the product went on sale at 9,750 Egyptian pounds (USD398) a ton.
“Demand for wheat imported from Russia exceeded the ministry's initial supply by 64.83 percent on the first day of the commodity exchange operation,” the ministry informed the Al-Yaum Al-Sabia news agency.
As read by the declaration, the trading hub took 28 calls for almost 20,000 tons of wheat from Russia, with 18 agreements settled.
Exchange on the EMX began for the first time on Sunday, and kicked off with offers of Russian wheat. The ministry earlier declared that gold, cotton, rice and steel may also be dealt on the hub in the near time.
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(MENAFN- UkrinForm) Russia's military spending elevated, which is putting pressure on Russian government finances.
That's according to UK ministry of defense , referring to intelligence data, Ukrinform reports.
As noted, on May 25, the Stockholm International Peace Research Institute (SIPRI) said Russia's military spending grew by 9.2% in 2022 to $86.4 billion. SIPRI assesses this equates to 4.1% of Russia's gross domestic product.
"Russia's true military spending is highly uncertain due to the increased use of classified budget lines, especially since February 2022, and the lack of transparency," British defense officials wrote on Twitter. Read also: war update: russians launch 62 air strikes, open fire with mlrs 54 times
Russia only recently resumed publishing headline expenditure breakdowns after suspending this in May 2022.
"It is almost certain that military spending remains elevated, and this is putting pressure on Russian government finances," the summary emphasizes.
As Ukrinform reported earlier, foreign investors who pulled from the Russian market and sold their businesses withdrew about $36 billion in one year.
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(MENAFN- Asia Times) A global race to build powerful computer chips that are essential for the next generation of artificial intelligence (AI) tools could have a major impact on global politics and security.
The US is currently leading the race in the design of these chips. But most of the manufacturing is carried out in Taiwan. The debate has been fuelled by the call by Sam Altman, CEO of ChatGPT's developer OpenAI, for a US$5-$7 trillion global investment to produce more powerful chips for the next generation of AI platforms.
The amount of money Altman called for is more than the chip industry has spent in total since it began. Whatever the facts about those numbers, overall projections for the AI market are mind-blowing. The data analytics company GlobalData forecasts that the market will be worth $909 billion by 2030.
Unsurprisingly, over the past two years, the US, China, Japan and several European countries have increased their budget allocations and put in place measures to secure or maintain a share of the chip industry for themselves.
China is catching up fast and is subsidizing chips, including next-generation ones for AI , by hundreds of billions over the next decade to build a manufacturing supply chain.
Subsidies seem to be the preferred strategy for Germany too . The UK government has announced its plans to invest £100 million (US$126.8) to support regulators and universities in addressing challenges around AI.
The economic historian Chris Miller, the author of the book Chip War, has talked about how powerful chips have become a“strategic commodity” on the global geopolitical stage.
Despite the efforts by several countries to invest in the future of chips, there is currently a shortage of the types currently needed for AI systems. Miller recently explained that 90% of the chips used to train, or improve, AI systems are produced by just one company .
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International debt hits historic high of USD 303,000,000
(MENAFN) The Institute of International Finance said on Wednesday that global debt hit an all-time high of $303 trillion the previous year, due to strong growth in developing countries.
According to the institute’s Global Debt Monitor report, the amount has increased by more than $10 trillion compared to 2020, when global debt was $292.6 trillion, largely due to the influence of the coronavirus on the economy of all countries without exception.
On the other hand, global debt-to-GDP ratios fell to around 350% last year from an all-time high of 360% in 2020.
At the end of 2021, household debt stood at $56.9 trillion, non-financial corporate debt at $88.8 trillion, government debt at $88.1 trillion, and financial corporate debt at 69. $800 billion.
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Syria: Air strikes on Ghouta kill 30 civilians, says Observatory
17 Mar 2018
Air strikes on Eastern Ghouta killed at least 30 civilians today, almost a month into a blistering Russia-backed regime assault on the Syrian rebel enclave outside Damascus, according to the Britain-based Syrian Observatory for Human Rights.
However, the human rights monitor could not say who carried out the airstrikes on the town of Zamalka in a southern pocket of the rebel enclave.
Warplanes even targeted civilians as they were fleeing: Observatory
Regime forces have retaken 70% of the last rebel bastion on the outskirts of Damascus since 18 February, carving it up into three shrinking pockets held by different rebels.
"Warplanes targeted civilians in Zamalka as they prepared to flee" the southern area of the enclave held by the Faylaq al-Rahman rebel group, according to the Observatory head Rami Abdel Rahman.
Thousands flee homes due to regime assault
The regime assault has killed more than 1,390 civilians in the Eastern Ghouta rebel enclave, according to the Observatory, which relies on a network of sources on the ground. The offensive has pushed thousands more to flee their homes into government-controlled areas.
350,000 killed, millions displaced due to Syria's war
"Around 10,000 civilians streamed out of the rebel enclave into regime-held areas (today morning)", Abdel Rahman said.
More than 40,000 civilians have poured out of the enclave since Thursday morning, fleeing bombardment and advancing troops.
Syria's war has killed more than 350,000 people and displaced millions since it broke out in 2011 with the brutal repression of anti-government protests.
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Kuwait- Liquor Seized As Four Asians Caught Running Factory
(MENAFN- Arab Times) Four Asians running a liquor factory were apprehended with 95 bottles of local booze and materials for brewing liquor as security operatives raided their apartment in Abu Halifa area. Director of Ahmadi Security Directorate Major General Ayeth Al- Otaibi said the sector received a tip-off about the activities of the four suspects and placed them under surveillance for a time, until an undercover agent approached them to purchase an unspecified quantity of liquor
Then, security officers went ahead and raided their apartment after the transaction was concluded and confiscated 95 bottles of local-made liquor ready for sale, with other materials for producing alcohol
During interrogation, the suspects admitted the crime and said they manufactured liquor for commercial purpose. They have since been referred to the relevant authority for further investigation. In a related development, an Indian expatriate was nabbed with 39 bottles of local and exotic liquor in Sabah Al- Salem area. Security sources said patrol officers spotted two individuals holding bags and walking late at night. To their surprise, one of them started running when they approached them
The officers chased and caught the first suspect, while the second suspect managed to escape. They checked the bags and found the contraband. Later on, the officers uncovered the second suspect was friends with the first suspect and they were trading in narcotics. Investigation is ongoing to trail the second suspect who's still at large
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(MENAFN- UkrinForm) Austrian Foreign Minister Alexander Schallenberg said that the European Union is working hard to develop broad economic and financial sanctions against Moscow should Russia move into Ukraine.
That's according to dpa-international , Ukrinform reports.
'There will be a very clear, unequivocal and swift response in the event of an escalation,' Schallenberg said.
Among other measures, disconnecting Russia from the SWIFT bank payment system is not ruled out. Read also:
Czech Republic ready to supply Ukraine with weapons, ammunition
At the same time, the top diplomat stated that the supply of Russian natural gas should not be subject to EU sanctions against Russia.
'We in Europe are to a certain extent dependent on energy from Russia. We will not be able to change that overnight if we want heat and electricity,' he added.
According to the foreign minister, the Nord Stream 2 gas pipeline is yet to be put into operation, so it should not be used as leverage against Russia.
It is noted that the Austrian oil and gas company OMV is among the investors in Nord Stream 2. Also, an important gas hub through which Russian gas gets to European countries is located near Vienna.
Nord Stream 2 is a Russian gas pipeline laid from Russia to Germany along the bottom of the Baltic Sea, thus bypassing Ukraine. The sole shareholder is Russia's energy giant Gazprom.
In July, Germany and the United States reached an agreement under which the United States would not resist the completion of the pipe's construction, while Germany for its turn pledged to impose sanctions on Russia if Moscow resorts to another act of aggression against Ukraine. Germany also vowed assistance to Ukraine in energy transformation.
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(MENAFN- Colombo Gazette)
Virtusa added 13,000 sq. ft of new office space to its Colombo facility as part of its ongoing expansion strategy to support the company's growing headcount. The opening of the new space was graced by Chief Technology Officer (CTO) of Virtusa Corporation Ram Meenakshisundaram, Senior Vice President – Human Resources Rahul Sahay, alongside Virtusa Sri Lanka's leadership including Country Head Naresha Supramaniam and other Executives.
“Virtusa Sri Lanka remains one of our most significant advanced technology centers, and has continued to steadily scale its operations in line with our global expansion strategy” Ram Meenakshisundaram expressed at the opening.“This latest office space expansion supports Sri Lanka's rapidly scaling advanced research capabilities, so that Virtusa continues to deliver deep technology solutions that drive digital transformation and innovation for Fortune 500 clients across global markets.”
As Virtusa continues to scale its Sri Lankan operation, the company is creating many new job opportunities, playing its part as an industry leader to retain top class local IT professionals, while also contributing towards stabilizing Sri Lanka's economy.
“Virtusa's rapid expansion and increasing headcount is a reflection of the local IT industry's potential to nurture high quality tech talent supported by globally benchmarked work environments,” Naresha Supramaniam commented during the event.“As Sri Lanka's largest tech employer, Virtusa plays a crucial role in future-proofing our tech talent, and will continue to transform the nation's technology industry by creating progressive job opportunities and new, technology-driven careers in the coming years.”
Rahul Sahay further commented on the benchmarked quality of Sri Lankan talent, stating“Virtusa's growth also shines a spotlight on the quality of Virtusa's growing talent pool, and the strategic planning and effort behind Virtusa's Human Resource function, to attract and retain the top Sri Lankan tech talent.”
The new floor will also be utilized by Virtusa's Global Technology Office (GTO), enhancing engineering excellence through greater focus on Research and Development (R&D), innovative Product Development, and globally-benchmarked Delivery Quality Assurance. Furthermore, the new space will house a fully equipped, state-of-the-art auditorium, which promises to be the preferred venue for industry-related events and conferences. Virtusa's expanding team will continue to enjoy the facility's employee-friendly amenities such as electric vehicle charging ports, parking, fully-equipped gym and cafeteria.
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(MENAFN- APO Group) LUANDA, Angola, November 23, 2022/ -- Signifying growing relations between the two countries, Director General of the Petroleum Directorate of Sierra Leone, Foday Mansaray, has been confirmed to speak at the Angola Oil & Gas (AOG) 2022 ( Conference & Exhibition taking place from November 29 to December 1 in Luanda. Seeking to exploit its hydrocarbon resources and forge partnerships with established African producers, Sierra Leone is also set to sign a Memorandum of Understanding with Angola’s National Agency of Oil, Gas and Biofuels on day one of the event regarding energy cooperation.
For its part, Sierra Leone’s Petroleum Directorate operates under the mandate to unlock the full potential of its national hydrocarbon resources, regulating the exploration and production of affordable, reliable and cleaner energy across Sierra Leone. Oil and gas exploration in the country began nearly four decades ago, with the drilling of two wildcat exploration wells. While exploration was put on pause around 2015/2016, the West African nation launched its fifth petroleum licensing round last May, with a view to bringing in new investors to explore and develop its frontier acreage.
In his keynote address, the Petroleum Directorate’s Director General is expected to address the country’s untapped petroleum resources, the potential for knowledge sharing and technology transfer with mature producers like Angola, and the role of regional cooperation within the African energy sector, among other key topics.
Distributed by APO Group on behalf of Energy Capital & Power.
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(MENAFN) Fenerbahce's Vice Chairman, Erol Bilecik, made a significant announcement on Wednesday, revealing the club's decision to field their U19 team in an upcoming Turkish Super Cup match. This move indicates a departure from the traditional approach of utilizing the senior squad for such high-profile fixtures.
Additionally, Bilecik disclosed that Fenerbahce has opted not to partake in the Turkish Cup for the subsequent two seasons, signaling a strategic shift in the club's participation in domestic competitions. These decisions reflect a deliberate strategy by Fenerbahce's management to prioritize certain objectives and potentially allow for opportunities for younger players to gain valuable experience on the field.
"We have a decision not to participate in the Turkish Cup for two seasons starting from next season. We will make all the necessary applications to the TFF right after Eid al-Fitr. We have decided not to participate in the Turkish Cup for the next two seasons," he stated.
In addition to the aforementioned decisions, Bilecik revealed that Fenerbahce has formally requested the Turkish Football Federation (TFF) to postpone the upcoming Super Cup match scheduled for April 7. The club has also proposed rescheduling the fixture to a later date and appointing a foreign referee to officiate the match. This initiative underscores Fenerbahce's commitment to ensuring fairness and transparency in the competition, while also seeking to address any potential concerns regarding officiating.
Furthermore, Fenerbahce has unveiled plans for a significant restructuring initiative abroad, with a focus on a European country. This strategic move aims to elevate football to the forefront of the club's activities in the international arena, signaling a proactive approach towards expanding Fenerbahce's presence and influence beyond domestic borders.
Meanwhile, the postponed 2023 Turkish Super Cup match, originally slated for December 29, will finally take place in Türkiye's southeastern city of Sanliurfa on Sunday. This highly anticipated match will feature defending Super Lig champions Galatasaray and the winners of the 2022-23 Turkish Cup, Fenerbahce, promising an exciting clash between two of Türkiye's top football clubs.
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(MENAFN- Iraq Business News) The Iraqi Prime Minister, His Excellency Mohammed Shiaa Al-Sudani, officially launched Iraq's National Population Policy in Baghdad on 17 May.
The occasion coincided with the annual conference of the Arab League's Council for Population and Development, which was hosted by the Government of Iraq in Baghdad, with support from the United Nations Population Fund (UNFPA).
The Prime Minister, while acknowledging UNFPA as a trusted partner and appreciating its support in preparing the Policy, urged government institutions to prioritise requirements outlined in the Policy when formulating relevant development policies.
He emphasised that contrary to misconceptions that the National Population Policy contains measures to reduce birth rates or limit population growth, the Policy promotes measures that will lead to a demographic bonus for Iraq and urged that these measures should be rooted in economic, educational, and training plans.
He informed that experts and specialists caution that this demographic gift may become a curse if proper attention is not paid to current population changes and challenges.
Representing the United Nations family in Iraq, Mr Ghulam Isaczai, the Deputy Special Representative of the Secretary-General and UN Resident and Humanitarian Coordinator for Iraq, observed that Iraq is currently experiencing a remarkable surge in the number of young people in its demographic structure, that present a unique opportunity. He emphasised that this opportunity can only be realised when Iraq Government invests in education, health, and employment programs for the youth right now to harness their productivity in the medium term and increase the positive economic impact leading to Iraq's achievement of Sustainable Development Goals.
The National Population Policy presents a significant milestone for Iraq, providing guiding principles that will shape the country's approach to population-related matters and connecting current demographic realities with sustainable national development plans.
(Source: UNFPA)The post pm launches iraq's national population policy first appeared on iraq business news .
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(MENAFN- GlobeNewsWire - Nasdaq)
SÃO PAULO, Brazil, April 28, 2023 (GLOBE NEWSWIRE) -- Semantix, Inc. (NASDAQ: STIX), a leading Latin American end-to-end data and enterprise AI platform provider (“Semantix”), hereby informs its shareholders and the market in general that it has filed its 2022 annual report (“Form 20-F”) for the calendar year ended December 31, 2022 with the U.S. Securities and Exchange Commission (“SEC”).
The Form 20-F is available for download on the Company's Investor Relations website, ir.semantix.ai , and, in addition, shareholders may receive a hard copy of the Form 20-F and the complete financial statements, free of charge, by requesting through email at .
Any further information regarding the Form 20-F can be obtained by contacting the Investor Relations Team and/or Mr. Adriano Alcalde, Chief Financial Officer and Investor Relations Officer of Semantix, Inc. through the channels indicated above.
CFO & IRO
Tags ai generative ai machine learning stix semantix data 20f
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(MENAFN- Bangladesh Monitor)
Dhaka : The government introduced several policies and made regulatory reforms for the growth of the country's civil aviation industry aiming to double air passenger numbers by 2030, while the Asia Pacific region is expected to become the largest air transport market.
State Minister for Civil Aviation and Tourism M Mahbub Ali on January 24 said this while addressing the opening ceremony of the 30th Steering Committee Meeting of the Cooperative Development of Operational Safety and Continuing Airworthiness Programme, South Asia (COSCAP-SA) at a city hotel.
The State Minister said the aviation sector contributed about 0.08 per cent of Bangladesh's GDP in the 2021-2022 fiscal year.
'If the trend continues, air transport in Bangladesh is forecasted to be able to draw an additional 12.1 million passengers totaling more than 22 million passengers by 2038,' he added.
High level regional representatives of International Civil Aviation Organisation (ICAO) and civil aviation authorities of eight South Asian nations - India, Pakistan, Sri Lanka, Nepal, the Maldives, Bhutan, Afghanistan and host Bangladesh participated at the there-day long meeting till January 26.
'Work is underway to ensure timely expansion of aviation infrastructure across the country, increase passenger service, improve technical and public skills and ensure safe and smooth air navigation,' Mahbub claimed.
While the country is still recovering from the Covid-19 pandemic, he said, policymakers need to address the critical issues of capacity, talent, technology, and sustainability for strengthening the foundations of the aviation system.
'We believe that global cooperation is the key to achieve progress and growth and COSCAP-SA with its cooperative approach has always been found in the forefront,' he said.
The state minister hoped that the meeting would provide necessary impetus for the recovery from the pandemic by regaining air connectivity and way forward to explore opportunities within south Asian region.
Civil Aviation and Tourism Secretary Md Mokammel Hosain spoke as the special guest while Civil Aviation Authority of Bangladesh (CAAB) Chairman Air Vice Marshal M Mafidur Rahman and ICAO Regional Director Tao Ma gave welcome remarks respectively.
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(MENAFN- Tribal News Network) Javed Khan
The implementation of the plan to establish Environmental Protection Agency (EPA) offices in tribal districts of Khyber Pakhtunkhwa has faced a significant setback over the past two years, attributed to neglect and insufficient funds from the provincial government.
Although the decision to set up EPA offices in tribal districts was made in the fiscal year 2021, the project found a place in the Accelerated Implementation Project (AEP) development plans for the fiscal year 2022-23, with a sanctioned amount of Rs. 127.131 million. Unfortunately, only Rs. 10 million was released for the project by the end of that financial year.
Similarly, in the subsequent financial year (2023-24), the provincial government once again allocated a meager one thousand rupees for the tribal districts' plan, the lowest amount released for any annual development plan. As per the EPA, this move effectively terminated the project. The establishment of EPA offices across all tribal districts aims to implement measures to minimize the adverse impacts of climate change on human populations, economies, agriculture, and various sectors, focusing on adaptation and mitigation strategies.
Also Read: Police SP Faces Legal Battle as Woman Alleges Coercion and Assault
Khyber Pakhtunkhwa, recognized as one of the most sensitive and affected provinces by the negative effects of climate change, implemented its first provincial climate change policy in 2017. After the merger of FATA into the province in 2018, the policy was updated in 2022, accompanied by an action plan.
Muhammad Anwar Khan, Director General of EPA, highlighted that the project currently faces a standstill due to the lack of funds needed to establish offices in tribal districts like South Waziristan and Kurram.
Addressing the allocation of Rs. 1,000 for the project in the current financial year, Khan emphasized that the project has not been closed, and the token amount has been reserved to sustain its continuity.
While EPA offices are presently operational in Khyber and Orakzai tribal districts, the expansion to other districts is contingent upon the availability of funds.
Khan discussed the ecological profile of the province, noting that the merger of FATA has increased the number of ecosystems from four to nine in Khyber Pakhtunkhwa. Despite the absence of EPA offices in several districts, the agency aims to extend its reach to the division level, ensuring comprehensive environmental protection coverage.
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(MENAFN- EIN Presswire)
ATLANTA, GA, USA, March 17, 2023 /einpresswire.com / -- The Historic ebenezer baptist church , where Rev. Dr. raphael warnock is the senior pastor, will celebrate its 137th church anniversary this Sunday, March 19, at 9 a.m. Rabbi peter berg , Senior Rabbi of The Temple will be the guest preacher.
Members of Ebenezer and The Temple will worship together and then celebrate together in an outdoor reception immediately following the 9 am service.
Ebenezer is America's Freedom Church© and as we celebrate the history of the Church, we also celebrate our longstanding history of uniting across the lines of faith. From advocating for civil and voting rights to joining in the modern fight to end mass incarceration; The Temple and Ebenezer have a long history of leaning into the work of social justice together.
WHO: The Historic Ebenezer Baptist Church
WHERE: Ebenezer Baptist Church, Jackson St NE, Atlanta GA 30312
WHEN: Sunday, March 19, 2023; 9 a.m.
Ebenezer Baptist Church
email us here
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US Treasury imposes sanctions on 2 companies linked to Iran-China commodity transport
(MENAFN) On Tuesday, the US Treasury Department announced the imposition of sanctions on two companies responsible for owning and operating a vessel involved in transporting commodities valued at over USD100 million from Iran's Defense Ministry to China.
The sanctioned companies, registered in Hong Kong and the Marshall Islands, are identified as the owners and operators of the Panama-flagged vessel named KOHANA. This vessel has been instrumental in facilitating the shipment of Iranian commodities to businesses located in the People’s Republic of China on behalf of Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL).
According to the statement released by the Treasury Department, MODAFL plays a crucial role in coordinating the delivery of Iranian weapons, notably unmanned aerial vehicles, to Russia in support of the conflict in Ukraine. Additionally, MODAFL facilitates the supply of arms to militia groups aligned with Iran across the Middle East.
"Iran’s Ministry of Defense is engaged in a series of schemes to fund destabilizing activities that range from supplying militia groups with weapons used to attack U.S. forces to aiding Russia’s invasion of Ukraine," stated Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. "Treasury will continue to disrupt the illicit revenue-generation efforts that support these destabilizing acts."
The sanctions reflect the US government's commitment to enforcing measures aimed at disrupting illicit activities and curbing the proliferation of weapons in regions of geopolitical concern. By targeting entities involved in facilitating such transactions, the Treasury Department aims to deter further violations of international sanctions and uphold global security interests.
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US vetoes UN draft resolution on Jerusalem against 14 supporters
(MENAFN- Kuwait News Agency (KUNA)) NEW YORK, Dec 18 (KUNA) -- Fourteen UN Security Council members voted for an Egyptian draft UN resolution rejecting America's recognition of Jerusalem as Israel's capital, but the US vetoed it.
Despite the US veto, the outcome reflected an overwhelming international rejection to any unilateral decisions over Jerusalem.
The draft UN resolution, which did not mention the US President by name, stated that Jerusalem status should be addressed through negotiations, and expressed deep regret over the recent decisions over Jerusalem.
US President Donald Trump announced earlier this month recogntion of Jerusalem as Israel's capital and that he would be moving the American embassy from Tel Aviv to the occupied city.
The draft resolution said any measures or decisions aimed at changing the identity of Jerusalem or its demographic structure would not be legal.
It called on all countries to refrain from moving embassies in Jerusalem in line with UN resolution 478 of 1980.
Earlier during the session, UN special envoy to the Middle East Nikolay Mladenov said issue of Jerusalem should be solved through direct negotiations between the Israelis and Palestinians.
He said the UN considered Jerusalem one of the final status issues to be solved via direct negotiations.
Mladenov said the situation in the Middle East became more tense following Trump's announcement. (pickup previous) asf.bs
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(MENAFN- Khaleej Times) Published: Sun 2 Apr 2023, 12:07 AM
Bayern Munich went back to the top of the Bundesliga on Saturday, defeating Borussia Dortmund 4-2 at home to give Thomas Tuchel a winning start as coach of the Bavarian giant.
A shocking own goal from Dortmund goalkeeper Gregor Kobel, as well as two trademark poacher's finishes from Thomas Mueller had Bayern 3-0 up by the 25th minute.
Kingsley Coman added a fourth shortly after half-time to send Bayern two points clear of the visitors despite two late consolation goals.
"We need the desire to get better, because we have to get better," Tuchel said, although he praised his side's "desire to fight for the ball".
"It was the result we absolutely wanted."
Dortmund came into the match in the unfamiliar position of first place, one point ahead of Bayern, who fired coach Julian Nagelsmann in favour of Tuchel last week.
Tuchel, who won a German Cup title during a two-year stint in charge of Dortmund, only had one training session with Bayern.
premier league: no haaland, no problem as man city thrashes liverpool
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(MENAFN- Colombo Gazette)
The maximum amount of foreign currency retained in possession by a person in, or resident in, Sri Lanka has been reduced from USD 15,000 to USD 10,000 or its equivalent in other foreign currencies.
The Central Bank of Sri Lanka said that the Minister of Finance has issued the Order under Section 8 of the Foreign Exchange Act No. 12 of 2017, with the intention of attracting foreign currency in the hands of the public into the formal banking system.
An amnesty period of 14 working days has been granted effective from the date of the Order (16 June 2022) for persons in, or resident in, Sri Lanka who hold foreign currency notes in possession for the following:
i.To deposit into a Personal Foreign Currency Account or into a Business Foreign Currency Account as specified in the Order, or
ii.To sell to an Authorized Dealer (A Licensed Commercial Bank or National Savings Bank)
At the end of the said amnesty period, the Central Bank of Sri Lanka has the right to initiate actions against persons who hold foreign currency in possession by violating the Order, in terms of the provisions of the Foreign Exchange Act. (Colombo Gazette)
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(MENAFN- AzerNews) The Minister of Defense of the Republic of Azerbaijan, Colonel
General Zakir Hasanov sent a congratulatory letter to the new
Minister of National Defense of the Republic of Türkiye, Army
General Yashar Guler, Azernews reports, citing MOD.
The letter says: "Mr. Yashar Guler, on my own behalf and on
behalf of the Azerbaijan Army's military personnel, I sincerely
congratulate you on your appointment as the Minister of National
Defense of the fraternal Republic of Türkiye.
As the Chief of the General Staff of the Armed Forces of the
Republic of Türkiye, you consistently supported the improvement and
increase of the combat capability of the Azerbaijan Army.
I am sure that our joint activities will continue at the highest
level during your tenure as the Minister of National Defense of the
Republic of Türkiye.
You will make a significant contribution to the further
development and strengthening of cooperation between the armies of
Azerbaijan and Türkiye.
Once again, I sincerely congratulate you on my own behalf and on
behalf of the Azerbaijan Army's military personnel, and wish you
great success in your future activities."
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(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 27. Attempts to
threaten Azerbaijan's diplomatic mission in Iran have been also
made before, trend reports via the statement of the Foreign Ministry of
“The issues of preventing such cases in Iran, taking measures to
ensure the security of our diplomatic missions were constantly
raised. Unfortunately, the latest bloody terrorist attack
demonstrates the serious consequences of not paying due attention
to our urgent calls in this direction. We believe that the recent
anti-Azerbaijani campaign in Iran prompted such attacks on our
diplomatic mission,' the statement said.
An armed attack took place at the Embassy of Azerbaijan in Iran
on January 27, 2023, at about 8:30 (GMT+4). The gunman turned out
to be a man in his 50's, who drove up to the administrative
building, armed with a Kalashnikov automatic rifle.
Earlier reports from the Chief of Tehran police said there were
two children in the car with the gunman, the security camera footage released later proved the
man was alone. He entered the building after briefly waving hand to
the Iranian security guard outside. No attempts were made to detain
the gunman, as he freely entered the embassy. The man managed to
kill head of the security service and wounding two embassy guards.
The shooter was eventually detained. The incident is currently
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(MENAFN- Baystreet.ca) Dow Dumps Nearly 200 as Bank Stocks Weaken
U.S. stocks struggled for direction on Friday morning as weakness in bank stocks was balanced out by gains for tech and energy names.
The Dow Jones Industrials plummeted 184.7 points to 35,928.92
The S&P 500 shed 4.86 points to 4,654.17
The NASDAQ Composite regained 41.07 points to 14,847.88.
Bank stocks, which had outperformed in recent weeks as interest rates moved higher, were split in early trading as their reports appeared to underwhelm investors despite strong headline numbers.
JPMorgan Chase, the number-one U.S. bank by assets, showed profit and revenue that topped estimates, but shares fell 5%. The company's earnings were helped by a large credit reserve release, and CFO Jeremy Barnum warned that the company would likely miss a key profit target in the next two years.
Citigroup's stock fell nearly 3% after the bank beat revenue estimates but showed a 26% decline in profits.
Meanwhile, shares of Wells Fargo added 1% after the bank's revenue topped expectations. CEO Charles Scharf said in a release that loan demand picked up in the second half of the year.
On the data front, retail sales were down 1.9% in December, a worse reading than the 0.1% drop expected by economists surveyed by Dow Jones. Industrial production also disappointed, declining 0.1% compared to a projected 0.2% gain.
In other data news, business inventories for November came in higher than expected, but January's consumer sentiment reading from the University of Michigan came in lower than expected.
Prices for 10-year Treasurys faded, raising yields to 1.76% from Thursday's 1.70%. Treasury prices and yields move in opposite directions.
Oil prices surged 89 cents to $83.01 U.S. a barrel.
Gold prices gained $3.30 to $1,824.70 U.S. an ounce.
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(MENAFN- Khaleej Times) The near-term outlook for gold is bearish with 24K seen trading between Dh210 and Dh215 per gram in the UAE, say analysts.
In the UAE, 24K was trading at Dh212.75 per gram, 22K at Dh200.0, 21K at Dh190.75 and Dh18K at Dh163.5 on Sunday.
The precious metal shot up to $1,780 an ounce on Friday evening as the US jobs data came much worse than expected, but still closed out the week below the $1,760 levels. The yellow metal last closed at $1,756.94 last week.
Gold seems to be trading in a broad range between $1,720 and $1,780 since the last three weeks and this trend is most likely to continue in the coming week. In the UAE, 24K has resistance near Dh215.50 and support at Dh210 per gram, said Vijay Valecha, chief investment officer at Century Financial.
“The bullion's macro-environment continues to be challenging, with Central Banks worldwide withdrawing the emergency stimulus measures introduced in the aftermath of the pandemic in 2020. New Zealand has already hiked its cash rate this week to 50 basis points. In the year before, gold performed well as Central Banks monetary stimulus acted as a tailwind. In the current scenario, those tailwinds will become headwinds, which could pull the prices downwards,” added Valecha.
Naeem Aslam, chief market analyst at AVA Trade, said $1,718 is an important level of support, and if the price drops below this price point, the chances are that the precious metal may see an intense selloff in the coming days.
Daniel Dubrovsky, strategist at DailyFX, has also projected a bearish outlook for the precious metal for the near term.
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(MENAFN- Live Mint) "India is in talks with several countries including Guyana, Suriname and Namibia to source crude oil at a time when the Organization of the Petroleum Exporting Countries and its allies have decided to extend their production cuts will also source oil from Venezuela in lieu of stuck dividends worth $600 million, Union minister for petroleum and natural gas, Hardeep Singh Puri, said on Monday.
The country will comfortably navigate through any market volatility and supply crunch arising as a result of the OPEC cuts, he added is the world's third-largest importer of crude. The country imports about 85% of its energy requirements and any supply crunch and eventual rise in global oil prices as a result of OPEC's decision would increase India's import bill OPEC+ grouping, which includes Russia, has decided to extend its voluntary crude supply cuts until the end of June. Saudi Arabia will extend its voluntary crude output cut of 1 million barrels per day, according to media reports.“Whatever decision OPEC+ takes it is their sovereign decision. I speak with confidence as a representative of a country that we will navigate through this,” Puri said minister spoke at an event where he distributed letters of intent to successful bidders of the 12th city gas distribution (CGD) bidding round for their respective geographical areas said an investment of about ₹41,000 crore is expected for the expansion of the CGD network under the 12th round the latest CGD round, eight geographical areas were offered covering six northeastern states as well as Jammu and Kashmir, and Ladakh.“Subsequent to this round, authorization for development of City Gas Distribution Networks in the entire country (except islands) shall be awarded,” Puri said minister further said that more than 33,753 km of natural gas trunk pipelines had been authorized in India, of which about 24,623 km of pipeline are currently operational.
He also said that 12.1 million domestic piped natural gas connections and 6,258 compressed natural gas stations had been established in India so far Kumar Jain, chairperson of the Petroleum and Natural Gas Regulatory Board, said the regulator is focused on creating a vibrant and sustainable gas infrastructure across the country.
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San Francisco, Dec 17 (IANS) The US has slapped further sanctions on Chinese drone-maker DJI, prohibiting people in the US from purchasing or selling certain publicly-traded securities connected with the company, along with seven other Chinese firms.
The US government said that these eight companies have supported efforts to ‘surveil and track the Uyghur people in Xinjiang region’.
DJI is one of the biggest drone companies in the world and last year, the US government added it to the Department of Commerce’s Entity List, which marked it as a national security concern and banned US-based companies from exporting technology to it.
‘SZ DJI Technology Co., Ltd. (SZ DJI) operates or has operated in the surveillance technology sector of the economy of the People’s Republic of China (PRC).
‘DJI has provided drones to the Xinjiang Public Security Bureau, which are used to surveil Uyghurs in Xinjiang,’ the US Treasury Department said in a statement on Thursday.
China’s Foreign Ministry spokesperson Zhao Lijian said during a press conference that ‘China always opposes US moves to overstretch the concept of national security and exert unwarranted suppression on Chinese companies’.
‘The Chinese side has already shared the facts and truth on Xinjiang-related issues on many occasions. We will closely follow the relevant situation and firmly safeguard the legitimate rights and interests of Chinese companies,’ the spokesperson added.
A DJI spokesperson did not comment on the action but referred to the company’s response to last year’s sanctions, reports The Verge.
‘DJI has done nothing to justify being placed on the Entity List. We have always focused on building products that save lives and benefit society. DJI and its employees remain committed to providing our customers with the industry’s most innovative technology. We are evaluating options to ensure our customers, partners, and suppliers are treated fairly,’ the earlier statement read.
The US Treasury identified eight Chinese technology firms as part of the Chinese Military Industrial Complex.
‘These 8 entities actively support the biometric surveillance & tracking of ethnic & religious minorities in China,’ it said.
Chinese tech conglomerate Huawei has also reportedly been linked to domestic spying in Xinjiang region, while building technology for labour and re-education camps as well as surveillance systems in the western Chinese region largely populated by Uyghur Muslims.
According to PowerPoint presentations obtained by The Washington Post, the tech giant’s work may have been involved in the ‘persecution against ethnic minorities in the region’.
However, the presentations for Huawei’s work on surveillance systems did not mention Uyghurs, and the company has denied directly supplying tech to Xinjiang.
In Xinjiang, up to two million people from Uyghur and other ethnic Muslim minorities have allegedly been put into internment camps, according to the US State Department.
The Chinese government has been accused of carrying out several human rights violations against the Uyghurs, putting them in detention and re-education camps and using them for forced labour.
The US Treasury said this week that Chinese AI company SenseTime has been sanctioned because of the role its technology plays in enabling human rights abuses against the Uyghurs and other Muslim minorities in Xinjiang — accusations that SenseTime has strongly denied.
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(MENAFN) A top Iranian general was amidst those murdered in an obvious intentionally aimed at killing by Israel on Syrian land on Monday. The air-raid, which struck Tehran’s consulate in Damascus, increases the view of a great local climb.
The diplomatic complex was struck by a projectile, supposedly fired by an Israeli F-35 combat aircraft. The Islamic Revolution Guards Corps (IRGC) affirmed that seven of its officers were murdered, together with General Mohammad Reza Zahedi. The list of IRGC causalities also contained Zahedi’s deputy, General Mohammad Hadi Haji Rahimi, two army chiefs, as well as senior army consultants in Syria, the declaration stated. Both Syrian law enforcement officers, who were protecting the consular sector of the embassy, were murdered too, in line with the Ambassador Hossein Akbari.
Israel has not alleged accountability for the assault, based on its usual strategy of neither affirming nor declining procedures on foreign land. Iranian Leader Ebrahim Raisi has pledged that the assault is not going to go unnoticed. In a declaration on Tuesday, he named it a “cowardly crime” also a conduct of terrorism, and “a clear violation of international regulations.”
Foreign Ministry official Nasser Kanaani has advised the United Nations as well as the global community to condemn the attack on a safeguarded construction. Iran maintains the right to “punish the aggressor” as it considers suitable, he cautioned.
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