NoneNo magic wand to solve issues instantly, let’s unite for country: FinMin Aurangzeb
NoneFrench lawmakers on Wednesday voted to oust the government of Prime Minister Michel Barnier after just three months in office, an historic move which hurled the country further into political uncertainty. For the first time in over sixty years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. Barnier's rapid ejection from office comes after snap parliamentary elections this summer which resulted in a hung parliament with no party having an overall majority and the far-right holding the key to the government's survival. President Emmanuel Macron now has the unenviable choice of picking a viable successor with more than two years of his presidential term left. He is to address the nation at 1900 GMT on Thursday, the Elysee said. The National Assembly debated a motion brought by the hard left in a standoff over next year's austerity budget, after the prime minister on Monday forced through a social security financing bill without a vote. With the support of the far-right, a majority of 331 MPs in the 577-member chamber voted to oust the government. Speaker Yael Braun-Pivet confirmed Barnier would now have to "submit his resignation" to Macron and declared the session closed. Macron flew back into Paris just ahead of the vote after wrapping up his three-day state visit to Saudi Arabia, an apparent world away from the domestic crisis. He strolled earlier on Wednesday through the desert sands of the Al-Ula oasis, an iconic tourist project of the kingdom, marvelling at ancient landmarks. After landing, he headed direct to the Elysee Palace. "We are now calling on Macron to go," Mathilde Panot, the head of the parliamentary faction of the hard-left France Unbowed (LFI) party told reporters, urging "early presidential elections" to solve the deepening political crisis. But taking care not to crow over the fall of the government, Le Pen said in a television interview that her party – once a new premier is appointed – "would let them work" and help create a "budget that is acceptable for everyone." Laurent Wauquiez, the head of right-wing deputies in parliament, said the far-right and hard-left bore the responsibility for a no-confidence vote that will "plunge the country into instability." Macron on Tuesday had rejected calls to resign, saying such a scenario amounted to "political fiction." With markets nervous and France bracing for public-sector strikes against the threat of cutbacks, action that will shut schools and hit air and rail traffic, there is a growing sense of crisis. The unions have called for civil servants, including teachers and air traffic controllers, to strike on Thursday over separate cost-cutting measures proposed by their respective ministries this autumn. Meanwhile, Macron is due to host a major international event on Saturday, with the reopening of the Notre-Dame cathedral after the 2019 fire, with guests including Donald Trump on his first foreign trip since he was elected to be the next US president. (AFP)
New Mexico State 36, Middle Tennessee 21Disgraceful and cynical are some of the words Premier Chris Minns has used to describe a reported vote to refer him to the state's corruption watchdog. or signup to continue reading An inquiry into the pitch to sell the Australian Turf Club's Rosehill Racecourse in Sydney's west and turn it into tens of thousands of homes will deliver its report on Friday. But late on Wednesday the NSW premier responded to media reports the committee conducting the inquiry will call for him to be referred to the Independent Commission Against Corruption, describing them as allegations based on no fact or evidence. "It's disgraceful to politicise the ICAC with unsubstantiated rumours," Mr Minns said. "This is an old fashioned smear from a group of politicians opposed to changes at Rosehill," he added. The unsubstantiated allegations were a cynical attempt at political point scoring, Mr Minns said. Independent MP Mark Latham, a member of the committee, and of the turf club, claimed via social media on Thursday there is evidence to justify the ICAC referral, based on a meeting the premier had in October 2023. Mr Minns described the turf club's head of membership and corporate affairs Steve McMahon as a friend of more than 20 years in August, after Mr McMahon appeared at the committee inquiry earlier that month. The committee was told Mr McMahon pitched the idea to the turf club's chairman Peter McGauran on October 26, 2023. The premier had a "meet and greet" with the turf club four days later according to ministerial diaries. Mr McMahon told the inquiry the meeting was to discuss the idea and the process for pitching it to the government, before investing member resources in a proposal. "You want to make sure that (the government) are not going to be automatically opposed to such a thing," he said. Mr Minns told budget estimates in August the proposal was announced before turf club members voted on the sale in the interest of transparency. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement
Premier blasts 'unsubstantiated rumours' over turf clubPrime Minister leads tributes to former US president Jimmy Carter2 convicted in human smuggling case after Indian family froze to death on US-Canada border
Oklo Inc. ( NYSE:OKLO – Get Free Report )’s share price was down 6.9% during trading on Friday . The company traded as low as $21.68 and last traded at $22.37. Approximately 6,319,978 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 6,285,671 shares. The stock had previously closed at $24.04. Analyst Ratings Changes OKLO has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Oklo to a “hold” rating in a research note on Friday, September 6th. Citigroup lowered their target price on shares of Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Wedbush assumed coverage on shares of Oklo in a research report on Thursday, December 19th. They set an “outperform” rating and a $26.00 price target for the company. Finally, B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target on the stock. Read Our Latest Report on OKLO Oklo Price Performance Insider Buying and Selling at Oklo In other Oklo news, Director Richard Kinzley purchased 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $99,750.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $99,750. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link . Also, CEO Jacob Dewitte sold 230,569 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the transaction, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This represents a 1.81 % decrease in their position. The disclosure for this sale can be found here . 21.80% of the stock is owned by insiders. Hedge Funds Weigh In On Oklo Several large investors have recently added to or reduced their stakes in OKLO. Barclays PLC acquired a new position in shares of Oklo during the 3rd quarter valued at about $58,000. Y Intercept Hong Kong Ltd purchased a new stake in Oklo in the third quarter valued at approximately $94,000. Peapack Gladstone Financial Corp acquired a new position in Oklo during the third quarter worth approximately $100,000. Sanctuary Advisors LLC purchased a new position in Oklo during the third quarter worth approximately $100,000. Finally, MML Investors Services LLC acquired a new position in shares of Oklo in the 3rd quarter valued at $104,000. 85.03% of the stock is currently owned by hedge funds and other institutional investors. Oklo Company Profile ( Get Free Report ) Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California. Read More Receive News & Ratings for Oklo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oklo and related companies with MarketBeat.com's FREE daily email newsletter .Sir Keir Starmer was speaking at the Joint Expeditionary Force (JEF) conference in Estonia where he met leaders of other Baltic states. After signing an energy partnership with Norwegian Prime Minister Jonas Gahr Store in Bergen, Sir Keir flew to Estonia where he spoke alongside Mr Store and their Estonian counterpart Kristen Michal. Asked what else could be done to support Ukraine, Sir Keir said: “There is an ever-increasing demand for more capability. That is understandable, and Ukraine needs all the capability that it can get, so I think all of us have put in more capability into Ukraine by way of equipment.” He added: “A lot of money has been raised, funding has been raised, but more is going to be needed.” The Prime Minister’s also discussed making the economic case at home for continued support for Ukraine. Sir Keir said: “Making the case on the significance of Ukraine, making the case, to double down, linking it back to each of our countries – what does it mean for us if Russia succeeds, is a really important question that we have to answer with our people to make it clear why it is that we are so supportive of Ukraine, why it is that we must stand with our allies on this, why it is we must make sure that Nato is put in the strongest position as well. “Now, this is a different world to the world of 10, 20 years ago, to recognise the world that we are living in, there’s a positive case as well to be made. “Defence spending doesn’t sort of sit in a silo over here with no effect on the rest of the economy, no effect on technology. “It has a huge effect on technologies, the cutting edge of technology and change which can then be used in other areas. “It binds countries together. I think all of us have got joint projects on in terms of defence capabilities that bind us together. There’s a huge number of well-paid jobs that are very important to our economy in defence spending as well. “But we have to make that positive case. I don’t personally feel that we can sort of sit back and assume that all of those in our respective countries necessarily accept all of our arguments unless we make them in that positive way, which I do think the argument can and should and must be made. “But the challenge that you put to us is the right challenge, which is it’s very difficult when finances are tight, as they are in all of our countries.” On Tuesday morning the Prime Minister will meet Taavi Madiberk, the founder of Estonian tech start-up manufacturing low-cost air defence missiles, Frankenburg Technologies, which is planning to open a new office in London Specialising in the manufacture of the missiles, the rapidly growing company already collaborates closely with the UK defence industry, sourcing a significant portion of its subsystems locally, including from propulsion specialists Roxel in Worcestershire. The Prime Minister will again attend the JEF summit, joining leaders from the Nordics and Baltics to discuss support for Ukraine, the sustained threat posed by Russia and wider European security. He will then visit British forces serving in the region to deter malign Russian threats.stock has seemingly gone straight up since the U.S. election. That more than 80% rise has brought it to new all-time highs. Shares jumped another 6.14% today. And one Wall Street analyst thinks there are good reasons for the recent parabolic move. Wedbush analyst Dan Ives just released a report in which he raised his price target on the stock by $115 per share. His new target is $515, the highest price target for Tesla on Wall Street. Ives sees the recent run in the stock as being logical based on new circumstances brought by the election of Donald Trump. All about self-driving tech Tesla CEO Elon Musk supported Trump monetarily and vociferously before the election. He's now become one of Trump's advisors with a place in the incoming administration. Ives wrote that Musk's new position is a "total game changer for the autonomous and AI [ ] story for Tesla and Musk over the coming years." Many Tesla observers, including Elon Musk, believe that Tesla should be valued more on the potential future income from its self-driving than its existing car sales. Ives believes that a new Trump administration will open the door for that technology to quickly gain traction. Ives doesn't think Tesla stock will stop at $515 per share, either. He believes the self-driving technology -- known as full self-driving, or FSD -- can drive Tesla's valuation to over $2 trillion in the next 12 to 18 months. That would imply a stock price of about $625 per share by the middle of 2026. That's another 35% gain from recent prices. Musk has said that investors shouldn't own Tesla stock if they don't feel it will solve issues associated with autonomous driving. The company has made strides sending out new updates that still require driver supervision. The timing could be right for Tesla's technology to hit the streets with the advanced versions and a friendly administration in the White House. That has investors buying into what Ives published today.
Experts say Canada needs to be prepared to take action if U.S. president-elect Donald Trump goes through with his threats of significant tariffs when he takes office in January. Steve Verheul, former chief trade negotiator for Canada, says though the threat may not seem credible to many, the country still needs to take it seriously by engaging with the new administration and considering potential retaliation. "We’re in a very uncertain period right now," said Verheul during an online panel hosted by BMO on Wednesday. Trump has said he will introduce tariffs on Canadian and Mexican imports into the U.S. unless they are able to halt the movement of illegal drugs and migrants across their borders. Experts have warned such tariffs would be damaging to the Canadian economy. "Our economies are integrated, our supply chains are closely intertwined, and we would be in for a highly disruptive period of time if such tariffs were to be put in place," said Verheul. "So I think the question now is, how will Canada respond?" Canada will do what it can to try and dissuade Trump from enacting such a dramatic policy, said Verheul, but if Trump makes good on his threat come inauguration day, Canada needs to be ready to retaliate, such as with tariffs of its own. Prime Minister Justin Trudeau recently flew to meet with Trump at Mar-a-Lago, and briefed opposition leaders this week on the government's plan for the Canada-U.S. border. Verheul was joined on the panel by BMO chief economist Doug Porter and Yung-Yu Ma, chief investment officer for BMO Wealth Management in the U.S. Trump initially said he would enact 10-per-cent tariffs on all imports, with a 60-per-cent hit for China. But more recently he threatened Canada and Mexico with 25-per-cent tariffs. Porter said such high tariffs on all imports are unlikely to happen, especially on key imports like energy. Financial markets don't appear to believe the threats will become reality, he said — but that doesn't mean they should be disregarded. "I think we should take the threat seriously, or at the very least prepare and consider what broad-based tariffs could mean for the economy," he said. “The reality is, we're dealing with an overtly protectionist president who is very fond of using tariffs." Verheul said 25-per-cent tariffs across the board would be a significant hit to Canada's economy, which relies heavily on exports to the U.S., as does Mexico. Trump is a "big fan of tariffs," said Verheul, and sees them as a way to bring production back to the U.S., address trade deficits, and increase revenue. But while Trump's interest in tariffs isn't new, Ma said this time around we're dealing with a different Trump, one who is no longer a political outsider. “President Trump is definitely more emboldened with tariffs this time around than he was in 2017, 2018," he said. While Ma also doesn't think the threats of sweeping tariffs are credible, he could see Trump enacting more limited tariffs on certain goods as bargaining chips. The Canada-United States-Mexico Agreement (CUSMA) is up for review in 2026, meaning 2025 is a year for negotiations, said Verheul. "I think there's a good chance that all of these tariff discussions will start to evolve into a renegotiation of the agreement, and we would attempt to address some of those issues within that negotiation," he said. "So hopefully short term, but it's going to be a rocky period and a lot of chaos in the market."Unleashing The Power Of Hpe Alletra 4110: A Game Changer In Data ManagementMIAMI--(BUSINESS WIRE)--Dec 16, 2024-- KEO World (KEO), a fintech leader in B2B digital payments and inventory financing, today announced that it has taken a significant step in its expansion. Through a partnership agreement with BTG Pactual Bank S.A., the largest investment bank in Latin America, KEO World will expand its operations in the Brazilian market. As part of the partnership, KEO's Workeo solution , in collaboration with the Amex Business Link PlatformTM, can help thousands of medium and large businesses in Brazil digitize their B2B invoice payments, which can result significant cost efficiencies and increased purchasing power. Founded in 2020, KEO has experienced rapid growth. KEO's Workeo solution, powered by KEO's flagship credit processing, provides businesses with a working capital line of credit through a digital wallet within a multi-product payment and billing rails, available via Amex Business LinkTM. Additionally, KEO offers its own proprietary blockchain payment rails, known as KEO Rails TM, to help make payments even easier. "We are delighted to have agreed to this partnership agreement with one of the largest financial institutions in South America, which will allow us to increase the reach of our B2B digital payments program and provide financing to many more companies in Brazil," said Paolo Fidanza , Founder and CEO of KEO. "In a market where less than 10% of total traditional credit is extended to SMEs, our Workeo product enables business buyers to access core inventory on credit and suppliers to increase their recurring sales, enhancing working capital management through a fully digital, frictionless, and low-cost financing and cash management platform thanks to our innovative payment rails, credit processing, and the American Express network." "Expanding the value proposition of the Amex Business LinkTM platform is one of our priorities so that buyers and suppliers can make real-time decisions that optimize their working capital and improve their operational-administrative and reconciliation processes. Thanks to this expansion, companies in Brazil will be able to access an innovative and 100% digital ecosystem that offers digital payment and billing tools for local and international transactions," said René Centeno, American Express, Supply Chain Solutions Global Head. About KEO World Founded in 2020, KEO World is a leading innovator of technology-based financial solutions with a mission to provide businesses with digital, seamless and secure ways to finance their supplies and increase efficiency in their cash flow. KEO is headquartered in Miami, Florida, with operations in the US, Canada, Mexico, and throughout Latin America. The company was the first non-bank financial institution to receive an American Express issuing license. To learn more, visit www.KEOworld.com . About American Express American Express is a globally integrated payments company, providing customers access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us at facebook.com/americanexpress , instagram.com/americanexpress , linkedin.com/company/american-express , twitter.com/americanexpress and youtube.com/americanexpress . American Express ® is a brand of American Express. Workeo is issued by KEO World S.A. de C.V., SOFOM, E.N.R. under license from American Express. KEO presents Workeo, a credit solution through the Amex Business LinkTM platform. View source version on businesswire.com : https://www.businesswire.com/news/home/20241216985773/en/ CONTACT: KEO World Media Contact Carlos Mejia Public Realtions carlos@elfashonguru.tv KEYWORD: FLORIDA LATIN AMERICA NORTH AMERICA UNITED STATES BRAZIL SOUTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY PAYMENTS FINANCE FINTECH BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES SOFTWARE SMALL BUSINESS DATA MANAGEMENT SOURCE: KEO World Copyright Business Wire 2024. PUB: 12/16/2024 05:52 PM/DISC: 12/16/2024 05:50 PM http://www.businesswire.com/news/home/20241216985773/en
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