WASHINGTON — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered a national ground stop for the airline. The order, which prevented planes from taking off, was issued at the airline's request after it experienced trouble with its flight operating system, or FOS. The airline blamed technology from one of its vendors. As a result, flights were delayed across American's major hubs, with only 36% of the airline's 3,901 domestic and international flights leaving on time, according to Cirium, an aviation analytics company; 51 flights were canceled. An American Airlines employee wearing looks toward quiet check-in counters Tuesday in the American terminal at Miami International Airport in Miami. Dennis Tajer, a spokesperson for the Allied Pilots Association, a union representing American Airlines pilots, said the airline told pilots at 7 a.m. Eastern that there was an outage affecting the FOS system. It handles different types of airline operations, including dispatch, flight planning, passenger boarding, as well as an airplane's weight and balance data, he said. Some components of FOS went down in the past, but a systemwide outage is rare, Tajer said. Hours after the ground stop was lifted, Tajer said the union had not heard about "chaos out there beyond just the normal heavy travel day." He said officials were watching for cascading effects, such as staffing problems. On social media, however, customers expressed frustration with delays that caused them or their family members to miss connecting flights. One person asked if American planned to hold flights for passengers to make connections, while others complained about the lack of assistance they said they received from the airline or gate agents. Travelers wait in line for security checks Tuesday at the Los Angeles International Airport in Los Angeles. Bobby Tighe, a real estate agent from Florida, said he would miss a family Christmas Eve party in New York because his American flight was repeatedly delayed. The delays made him miss a connecting flight, leaving him the choice of going to his destination — Westchester, N.Y. — on Christmas Day or taking another flight to Newark, N.J., scheduled to land Tuesday evening. He chose the latter. "I'm just going to take an Uber or Lyft to the airport I was originally supposed to go to, pick up my rental car and kind of restart everything tomorrow," Tighe said. He said his girlfriend was "going through the same exact situation" on her way from Dallas to New York. Cirium noted the vast majority of flights departed within two hours of their scheduled departure time. A similar percentage — 39% — arrived at their destinations as scheduled. Dallas-Fort Worth, New York's Kennedy Airport and Charlotte, North Carolina, saw the greatest number of delays, Cirium said. Washington, Chicago and Miami experienced considerably fewer delays. Meanwhile, the flight-tracking site FlightAware reported that 4,058 flights entering or leaving the U.S., or serving domestic destinations, were delayed, with 76 flights canceled. The site did not post any American Airlines flights Tuesday morning, but it showed in the afternoon that 961 American flights were delayed. Amid the travel problems, significant rain and snow were expected in the Pacific Northwest at least into Christmas Day. Showers and thunderstorms were developing in the South. Freezing rain was reported in the Mid-Atlantic region near Baltimore and Washington, and snow fell in New York. An American Airlines employee wearing a Santa Claus hat walks through the American terminal Tuesday at Miami International Airport in Miami. Because the holiday travel period lasts weeks, airports and airlines typically have smaller peak days than they do during the rush around Thanksgiving, but the grind of one hectic day followed by another takes a toll on flight crews. And any hiccups — a winter storm or a computer outage — can snowball into massive disruptions. That is how Southwest Airlines stranded 2 million travelers in December 2022, and Delta Air Lines suffered a smaller but significant meltdown after a worldwide technology outage in July caused by a faulty software update from cybersecurity company CrowdStrike. Many flights during the holidays are sold out, which makes cancellations even more disruptive than during slower periods. That is especially true for smaller budget airlines that have fewer flights and fewer options for rebooking passengers. Only the largest airlines, including American, Delta and United, have "interline agreements" that let them put stranded customers on another carrier's flights. This will be the first holiday season since a Transportation Department rule took effect that requires airlines to give customers automatic cash refunds for canceled or significantly delayed flights. Passengers still can ask to get rebooked, which is often a better option than a refund during peak travel periods. That's because finding a last-minute flight on another airline tends to be expensive. American Airlines employees check in travelers Tuesday in the American terminal at Miami International Airport in Miami. An American spokesperson said Tuesday was not a peak travel day for the airline — with about 2,000 fewer flights than the busiest days — so it had somewhat of a buffer to manage the delays. The Transportation Security Administration said it expected to screen 40 million passengers through Jan. 2. About 90% of Americans traveling far from home over the holidays will be in cars, according to AAA. Gasoline prices are similar to last year. The nationwide average Thursday was $3.04 a gallon, down from $3.13 a year ago, according to AAA. "It's not the destination, it's the journey," said American essayist Ralph Waldo Emerson. Ralph clearly was not among the travellers on one of more than 350 cancelled or 1,400 delayed flights after a worldwide tech outage caused by an update to Crowdstrike's "Falcon Sensor" software in July of 2023. U.S. airlines carried nearly 863 million travellers in 2023, with Canadian carriers accounting for another 150 million, many of whom experienced lost luggage, flight delays, cancellations, or were bumped off their flights. It's unclear how many of them were compensated for these inconveniences. Suffice it to say, posting a crabby rant on social media might temporarily soothe anger, but it won't put wasted money back in pockets. Money.ca shares what to know in order to be compensated for the three most common air travel headaches. Bags elected to go on a vacay without you? Check off the following: If you expect a large payout, think again. Tariffs (air carrier contracts) limit the compensation amounts for "loss of, damage to, or the delay in delivery of baggage or other personal property." In the case of Air Canada, the maximum payout is $1,500 per passenger in the currency of the country where the baggage was processed. To raise that limit, purchase a Declaration of Higher Value for each leg of the trip. The charge is $0.50 for each $100, in which case the payout limit is $2,500. For Delta Air Lines, passengers are entitled to up to $3,800 in baggage compensation, though how much you'll receive depends on your flight. Delta will pay up to $2,080 for delayed, lost, and damaged baggage for international travellers, almost half of what U.S. domestic passengers can claim. If your flight is marked delayed for more than 30 minutes, approach the gate agent and politely request food and hotel vouchers to be used within the airport or nearby. Different air carriers and jurisdictions have their own compensation policies when flights are delayed or cancelled. For example, under European Union rules, passengers may receive up to 600 Euros, even when travelling on a non-EU carrier. Similarly, the DOT states that travellers are entitled to a refund "if the airline cancelled a flight, regardless of the reason, and the consumer chooses not to travel." However, US rules regarding delays are complicated. Some air carriers, such as Air Canada, do not guarantee their flight schedules. They're also not liable for cancellations or changes due to "force majeure" such as weather conditions or labour disruptions. If the delay is overnight, only out-of-town passengers will be offered hotel accommodation. Nevertheless, many airlines do offer some compensation for the inconvenience. If your flight is marked delayed for more than 30 minutes, approach the gate agent and politely request food and hotel vouchers to be used within the airport or nearby. In terms of cash compensation, what you'll get can differ significantly based on things like departure location, time, carrier, and ticket class. The DOT offers a helpful delay and cancellations dashboard designed to keep travellers informed about their compensation rights. The dashboard is particularly helpful because, as the DOT states on its website, "whether you are entitled to a refund depends on a lot of factors—such as the length of the delay, the length of the flight, and your particular circumstances." The Canadian Transportation Agency is proposing air passenger protection regulations that guarantee financial compensation to travellers experiencing flight delays and cancellations, with the level of compensation varying depending on the situation and how much control the air carrier had. The proposed regulations include the following: The airline is obligated to complete the passenger's itinerary. If the new ticket is for a lower class of service, the air carrier would have to refund the cost difference; if the booking is in a higher class of service, passengers cannot be charged extra. If the passenger declines the ticket, the airline must give a full refund, in addition to the prescribed compensation. For overnight delays, the air carrier needs to provide hotel accommodation and transportation free-of-charge. Again, if you are unsatisfied, the Canadian Transportation Agency or Department of Transportation may advocate on your behalf. Passengers get bumped because airlines overbook. When this happens, the air carrier must compensate you. For international flights in the US, the rate is 200% of your one-way fare to your final destination, with a $675 maximum. If the airline does not make travel arrangements for you, the payout is 400% of your one-way fare to a maximum of $1,350. To qualify, you must check-in by the stated deadline, which on international flights can be up to 3 hours ahead. Keep in mind that if you accept the cash, you are no longer entitled to any further compensation, nor are you guaranteed to be rebooked on a direct flight or similar type of seat. Don't be too quick to give up your boarding pass. Negotiate for the best compensation deal that would include cash, food and hotel vouchers, flight upgrade, lounge passes, as well as mileage points. But avoid being too greedy—if the gate attendant is requesting volunteers and you wait too long, you'll miss the offer. According to Air Canada's tariff, if a passenger is involuntarily bumped, they'll receive $200, in cash or bank draft, for up to a two-hour delay; $400 for a 2-6 hours delay; and $800 if the delay is over six hours. (Air Canada was forced to raise its payouts in 2013 due to passenger complaints.) The new rules would raise the payout significantly: $900 for up to six hours; $1,800 for 6-9; and $2,400 for more than nine hours, all to be paid within 48 hours. Statistically speaking, Delta Airlines is the carrier most likely to bump. A few years ago, Delta raised its payout maximum to $9,950, while United Airlines tops out at $10,000. This story was produced by Money.ca and reviewed and distributed by Stacker. Be the first to know Get local news delivered to your inbox!San Jose Sharks winger Luke Kunin is on pace to set a new single-season career high in goals scored. He is in his second season as an alternate captain and plays the type of north-south game coach Ryan Warsofsky appreciates. Those qualities will also likely make Kunin, a pending unrestricted free agent, an attractive trade target among playoff-contending teams early next year. Kunin scored twice and had 16:31 in ice time for the Sharks on Tuesday in their 3-2 loss to the Carolina Hurricanes. Going into Thursday’s date with his hometown St. Louis Blues, Kunin, after 31 games, is now tied for fourth on the team with eight goals, more than halfway past his career high of 15 set during the 2019-2020 season when he played in 63 games with the Minnesota Wild. Now, it’s a matter of whether the Sharks want to try to sign Kunin to a contract extension past this season or trade him for future assets as they did with goalie Mackenzie Blackwood on Monday. Blackwood was traded to the Colorado Avalanche as part of a deal that netted goalie and pending UFA Alexandar Georgiev, 25-year-old forward Nikolai Kovalenko, and two draft picks. After the deal, Sharks general manager Mike Grier said Blackwood likely “played his way out of here” with the season he was having. That means the average annual value of Blackwood’s next contract will probably be significantly higher than the $2.35 million on his current deal. The rebuilding Sharks are only willing to commit so much money to the goaltending position as Yaroslav Askarov’s two-year, $4 million contract kicks in next season. “I hope he gets what he’s looking for,” Grier said of Blackwood. “But I think he kind of played his way out of probably the ballpark figure of what we were looking for, especially with (Askarov) coming up as well.” It’s fair to suggest that Kunin, who turned 27 on Dec. 4, will be looking for a bump from his current AAV of $2.75 million and perhaps some term beyond one or two years on his next contract. He also must decide whether he wants to remain with the rebuilding Sharks, who appear to be at least a couple of years away from being serious playoff contenders. With Kunin a pending restricted free agent in June, he and the Sharks came to terms on a one-year, $2.75 million deal that took him to UFA status. He has 12 points this season and is sixth among Sharks forwards in average time on ice (15:05). Like he will with other pending UFAs before the March 7 trade deadline, Grier must decide whether Kunin fits in with the Sharks in their current state or whether it makes more sense to ship him and collect a future asset. The Sharks’ other pending UFAs are goalies Georgiev and Vitek Vanecek, forwards Mikael Granlund and Nico Sturm, and defensemen Cody Ceci and Jan Rutta. Those players, too, must decide whether to stay or move on. Regardless, Kunin, who sustained a torn right ACL in Dec. 2022 in his first season with the Sharks, appears to be helping his value with his improved skating and production. Kunin had 11 goals and 18 points in 77 games last season. “I think he’s been solid,” Warsofsky said after Tuesday’s loss. “We’re seeing a guy that’s skating more, first and foremost, gets to the inside of the ice, kind of the heart and soul of our team, really. He gives you everything he’s got. To get rewarded with two goals is nice.” MUKHAMADULLIN TO PLAY: Warsofsky said Wednesday in St. Louis that defenseman Shakir Mukhamadullin would play against the Blues as the Sharks play the final game of a six-game road trip. After Tuesday’s game, the Sharks announced that Mukhamadullin had been recalled from the AHL and that defenseman Jack Thompson and forward Ethan Cardwell had been loaned back to the Barracuda. Mukhamadullin had six assists in 14 games with the Barracuda this season after the Sharks assigned him to the AHL on Oct. 22. His most recent game was on Dec. 8, when he had two assists in the Barracuda’s 2-1 win over Coachella Valley. Mukhamadullin, acquired from New Jersey in Feb. 2023 as part of the blockbuster trade that sent Timo Meier to the Devils, played in three games with the Sharks last season – all in January – and averaged over 21 minutes of ice time per game and had one assist. The Sharks have lost three straight and are 2-3-0 on the trip that began close to two weeks ago with wins over the Seattle Kraken and Washington Capitals. PULLI OUT: The Sharks on Wednesday placed defenseman Valtteri Pulli on unconditional waivers for the purpose of terminating his NHL contract. “Valtteri requested to play in Europe and we mutually agreed to terminate his contract,” Sharks assistant general manager Joe Will said in a statement. “We want to thank Valtteri for his contributions to the organization and wish him all the best.” Pulli, 23, was signed to a two-year, two-way contract by the Sharks in May 2023 after he played three seasons with TPS Turku of the Finnish League. The 6-foot-5, 215-pound Pulli never played for the Sharks, but had 10 points in 59 games for the San Jose Barracuda of the AHL last season. Pulli was healthy again this season but only dressed for two Barracuda games, both in October. He had one assist in an Oct. 19 game against the Iowa Wild.
NoneGreg McLean made his name creating eerily familiar characters: good old-fashioned Aussie blokes whose turn of phrase, anti-authoritarianism and sense of humour remind viewers of the people who populated their childhoods. or signup to continue reading Almost two decades after it was released, he says people still tell him reminds them of their uncle. "Even though he's a crazy serial killer, there's a real affection for the character - people love Mick Taylor. It's really weird," he says. In his latest offering, , the murder is implied but McLean's love for the land and its people remains clear. The setting may be thousands of kilometres away on a remote Northern Territory cattle farm, but the characters and backgrounds come directly from his own childhood growing up on a farm in Emu Creek on the outskirts of Bendigo. As a child, McLean attended Eppalock Primary School with about 25 other students, before starting high school at Catherine McCauley. At the end of the first episode of , when cattle baron Colin Lawson looks down at a picture of his father, it's not an actor in an artificially aged photograph, but a real photo of McLean's father as a young jackaroo in the 1940s. "It's meant to be Colin looking at his dad... but that's kind of my own story of growing up with a dad who was from the land." There's a bit of his uncles and cousins in all the characters in , he says, and a lot of his childhood in everything he does. In spite of any head start he may have had from his upbringing, McLean describes the beginning of filming in the Northern Territory as a comedy of errors. "You can imagine the contrast between a bunch of film crew from Sydney, Melbourne, Adelaide rocking up in their floral shirts and loafers to the Northern Territory and going 200 kilometres south to the middle of the desert to a cattle station. There was a lot of amused looks." Filming began at the end of 2023 at Tipperary Station and Hawk Dreaming (most of the interior shots were filmed later in South Australia) when the temperature was starting to edge towards 40 degrees. McLean described production meetings held in sweltering temperatures with the film crew at one end of the table - at the other, a group of hardened cattlemen there to help them shuffle vast herds of animals into frame. "I'm there with the storyboard saying, 'in this scene in the script, 3000 cattle come over this rise and this actor rides behind and then a bull breaks off to the left, and he chases that one and then a chopper comes down'." "They're just looking at us like, 'what the hell are you talking about?'" By the end of filming, however, McLean says production was a well-oiled machine, recalling one cattleman sitting beside him on the video split and giving acting notes. Those same cattlemen would later join McLean and the rest of the crew at the Darwin premiere of the show. "It was so satisfying to see those people see themselves on screen, see their lifestyle represented. "They love seeing the NT shown in such a spectacular way because it's their home." "To be able to capture that with this crew was pretty special." A second season will depend on but with its track record of reaching the top 10 in 74 countries and number two globally for English TV shows, McLean is hopeful. "I don't know if it could go any better than it is," he says. With so much of appeal - to both international and domestic fans - being the harshness of the land it's filmed on, he's also in talks with Netflix about a documentary showcasing the "military-scale exercise" needed to tackle it. "You can't go in there and impose your will on it, because the sun will do what the sun's going to do, the clouds are going to do what the clouds will do, the rains, storms, flooding, animals," he says. "Thinking back on it now, you kind of think, 'oh my god, how the hell did we actually do that?'" "At the time, you kind of get blasé - all you're doing is trying to get your shots done." "You forget how extraordinary the moment is where it's all happening." Journalist at the Bendigo Advertiser. Email me at georgina.sebar@austcommunitymedia.com.au Journalist at the Bendigo Advertiser. Email me at georgina.sebar@austcommunitymedia.com.au 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. 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Tabarak Holding Group has demonstrated impressive growth in 2024, with its subsidiaries achieving a 100% year-on-year increase in sales. This remarkable performance was driven by investments totaling EGP 60bn, marking a 120% year-on-year increase. The Group’s success was further reinforced by the launch of TBK Developments, its new development arm, in 2021. TBK Developments, with a land portfolio spanning 4.5 million square meters, is preparing to unveil N Residence, the final phase of its 90 Avenue project. This phase will feature serviced residential units, following the completion of the first and second phases. The third phase is currently being handed over, with the entire project expected to be completed by the end of 2025. The company is also expanding its footprint with new land acquisitions in West Cairo for a mixed-use residential, commercial, and administrative project, set to be announced in early 2025. Tabarak Holding has also expanded beyond Egypt, bolstering its regional presence through its international subsidiary, Tabarak International. In Saudi Arabia, the third phase of the A’aly AlRiyadh project is on track for completion in April 2025, with full delivery anticipated by the end of 2025 and the first half of 2026, consisting of 380 units. The Group plans to increase its investments in Saudi Arabia by acquiring additional land to meet the growing demand in this dynamic real estate market. Furthermore, Tabarak Holding aims to explore new opportunities in European markets, leveraging its strong reputation and trusted brand to attract a diverse customer base. Ali Al Shorbany, Chairperson of Tabarak Holding Group, commented, “Our goal is to double our investments and expand our land portfolio with diverse projects in Egypt and abroad. We are committed to a bright future for the Group, full of accomplishments and new challenges, while contributing to Egypt’s Vision 2030 and its comprehensive urban development.” At this year’s World Urban Forum, organized by the United Nations in Cairo, Tabarak Holding showcased its innovative approach to sustainable development in the 90 Avenue project. The company highlighted the use of eco-friendly building materials, renewable energy systems such as solar panels, waste management technologies, and plans for water treatment systems. Looking ahead, Tabarak Holding is poised for significant growth in 2025, forecasting a more than 30% increase in sales. This expansion will be supported by a further doubling of investments, a strengthened land portfolio, and strategic partnerships with trusted entities, including government bodies and international companies in the hospitality sector. The Group aims to continue developing innovative, customer-focused projects both in Egypt and Saudi Arabia, Al Shorbany concluded.
VANCOUVER, BC , Dec. 11, 2024 /PRNewswire/ -- (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Lundin Mining's intention to renew its normal course issuer bid (the "NCIB"). View PDF The Company intends to continue to utilize the NCIB at its discretion to make opportunistic purchases to create shareholder value and manage the number of outstanding common shares of the Company (the "Common Shares"). This approval allows the Company to purchase up to 57,597,388 Common Shares, representing 10% of the 776,914,637 issued and outstanding Common Shares as of December 6, 2024 , minus those Common Shares beneficially owned, or over which control or direction is exercised by the Company, the senior officers and directors of the Company and every shareholder who owns or exercises control or direction over more than 10% of the outstanding Common Shares, over a period of twelve months commencing on December 16, 2024 . The NCIB will expire no later than December 15, 2025 . All purchases made pursuant to the NCIB will be made on the open market through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems or by such other means as may be permitted by applicable securities laws. In accordance with TSX rules, any daily purchases (other than pursuant to a block purchase exemption) on the TSX under the NCIB are limited to a maximum of 560,989 Common Shares, which represents 25% of the average daily trading volume of 2,243,957 Common Shares on the TSX for the six months ended November 30, 2024 . The price that Lundin Mining will pay for Common Shares in open market transactions will be the market price at the time of purchase. In connection with the NCIB renewal, Lundin Mining entered into an automatic share purchase plan ("ASPP") with its designated broker to allow for the repurchase of Common Shares at times when the Company ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise (any such period being a "Blackout Period"). Before entering a Blackout Period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the plan. At this time, the Company has not instructed the broker to actively repurchase Common Shares. Purchases made pursuant to the plan, if any, will be made by the Company's designated broker based upon the parameters prescribed by the TSX, applicable Canadian securities laws and the terms of the written agreement entered between the Company and its designated broker. Outside of these Blackout Periods, Common Shares will be purchasable by Lundin Mining at its discretion under its NCIB. The ASPP will terminate on the earliest of the date on which: (i) the purchase limit under the NCIB has been reached; (ii) the NCIB expires; and (iii) the ASPP otherwise terminates in accordance with its terms. The ASPP constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and the agreement governing the plan has been pre-cleared by the TSX. The actual number of Common Shares that may be purchased and the timing of such purchases will be determined by the Company. Decisions regarding purchases will be based on market conditions, share price, best use of available cash, and other factors. Any Common Shares that are purchased under the NCIB will be cancelled. Under the Company's previous NCIB that commenced on December 11, 2023 and expired on December 10, 2024 , the Company sought and received approval from the TSX to purchase up to 52,538,870 Common Shares. The Company purchased nil Common Shares under its previous NCIB through open market transactions. About Lundin Mining Lundin Mining is a diversified Canadian base metals mining company with projects or operations in Argentina , Brazil , Chile , Portugal , Sweden and the United States of America , primarily producing copper, zinc, nickel and gold. The information in this release is subject to the disclosure requirements of Lundin Mining under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below on December 11, 2024 at 14:30 Vancouver Time. Cautionary Statement in Forward-Looking Information Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements with respect to Lundin Mining's proposed NCIB, the Company's pre-defined plan with its broker to allow for the repurchase of Common Shares and the timing, number and price of Common Shares that may be purchased under the NCIB. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking information. Forward-looking information is necessarily based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management; assumed and future price of copper, zinc, gold, nickel and other metals; anticipated costs; ability to achieve goals; the prompt and effective integration of acquisitions; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the Common Shares will, from time to time, trade below their value; the Company will complete purchases of Common Shares pursuant to the NCIB; and assumptions related to the factors set forth below. While these factors and assumptions are considered reasonable by Lundin Mining as at the date of this document in light of management's experience and perception of current conditions and expected developments, these statements are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: the market price of the Common Shares being too high to ensure that purchases benefit the Company and its shareholders; and other risks and uncertainties, including but not limited to those described in the "Risks and Uncertainties" section of the Company's MD&A for the three and nine months ended September 30, 2024 and the "Risks and Uncertainties" section of the Company's Annual Information Form for the year ended December 31, 2023 , which are available on SEDAR+ at www.sedarplus.ca under the Company's profile. All of the forward-looking information in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecasted or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. There can be no assurance that the Common Shares will, from time to time, trade below their value and that the Company will complete purchases of Common Shares pursuant to the NCIB. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward ‐ looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law. For further information, please contact: Stephen Williams , Vice President, Investor Relations: +1 604 806 3074; Robert Eriksson , Investor Relations Sweden: +46 8 440 54 50
Can owners of NAB shares bank on a good 2025 with the outlook?Former UT adviser backs power privatisationA forecaster says ripe avalanche conditions are expected to persist across much of British Columbia for the rest of the week. Large swaths of the province, stretching from the coast to the Alberta boundary, are under “considerable” or “moderate” avalanche danger warnings. Tyson Rettie with Avalanche Canada says the conditions are largely a result of a series of storms that have lead to temperature fluctuations and significant amounts of snow at high elevation points. “We’ve seen a pattern of a storm every 18 hours or so on the coast for over a week now,” Rettie said in an interview Tuesday. “Every time the storm comes through, it deposits significant amounts of snow, often with strong or extreme winds.” He said storms like these deposit wind and storm slabs, or layers of snow, on mountains. These deposits bond together on top of existing layers of snow, Rettie said, and when the top slab is stronger than the layer beneath it, the greater the risk for an avalanche. “We’re seeing formation of both storm and wind slabs that are large enough to justify a ‘considerable hazard’ (warning),” he said. “Even just the new snow itself can form what we call a storm slab problem or a wind slab problem.” As of Tuesday afternoon, Avalanche Canada had a “considerable hazard” warning covering Vancouver Island, a stretch of coastal B.C. from Powell River to Pemberton in the east, and more areas. There were also significant areas of the province covered under “moderate hazard” avalanche warnings. One of these moderate areas is east of Pemberton towards Lillooet, and Rettie noted a few avalanches have been reported in the area over the past week. On Monday, four backcountry skiers were buried in an avalanche on Ipsoot Mountain north of Whistler, B.C., and a fifth was partially buried. All were rescued. B.C. Emergency Health Services said in a statement that three of the skiers were transported to hospital in stable condition, while the other two didn’t require hospitalization. Premier David Eby shared his appreciation for the first responders in a social media post, calling it “an incredible rescue.” Const. Antoine Graebling with the Whistler RCMP detachment said the avalanche was a 2.5 on a five-point scale, which means it was large enough to seriously injure or kill people. Graebling said his detachment hasn’t been notified of any other avalanches. But he and Rettie both said conditions can change daily. “Each of these storms is bringing a significant amount of precipitation, often warmer temperatures and strong or extreme wind speeds,” Rettie said. “The more intense the storm, the higher the danger.” He said the storm pattern is expected to continue near the coast for the rest of this week. “The timing and intensity of it is a bit uncertain. But at least over the next three days, we’re expecting a couple of significant storms to impact the coast,” he said. He encouraged backcountry skiers to check the Avalanche Canada forecasts, which are updated daily, before they hit the slopes.