Some former Enron employees angry with possible publicity stunt
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI) resulting from allegations that Kaspi.kz may have issued materially misleading business information to the investing public. So What: If you purchased Kaspi.kz securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=29172 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On September 19, 2024 , Culper Research issued a report entitled "Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats." In this report, Culper announced it was "short Kaspi, the operator of the largest payment network and second largest bank in Kazakhstan . We believe Kaspi has systematically misled U.S. investors and regulators in its repeated claims – especially ahead of the Company's January 2024 [NASDAQ] listing – that the Company has zero exposure to Russia ." Further, Culper announced its "research exposes this grave deception: we believe that not only do Kaspi's relationships with Russian partners permeate every segment of its business, but that in the wake of Russia's February 2022 invasion of Ukraine and into 2024, Russia has contributed materially to Kaspi's reported growth. Our research further unmasks Kaspi's history of shadowy dealmaking, which raises not only related party and self-dealing concerns, but also exposes the Company's vast, longstanding ties to bad actors including sanctioned oligarchs and Russian mobsters. We believe that Kaspi's premium valuation and US listing are at risk, and shares are headed lower." On this news, Kaspi.kz American Depositary Shares' ("ADS") fell 16.1% on September 19, 2024 , and a further 2.7% on September 20, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-law-firm-encourages-joint-stock-company-kaspikz-investors-to-inquire-about-securities-class-action-investigation--kspi-302321709.html SOURCE THE ROSEN LAW FIRM, P. A.Asia-Pacific markets end the week with mixed results amid economic data and rising inflation concerns
Memphis beats No. 2 UConn 99-97 in overtime to tipoff Maui InvitationalBREAKING NEWS Easey Street suspect to face murder and rape charges By WILLIAM TON FOR AAP Published: 23:32 GMT, 3 December 2024 | Updated: 23:48 GMT, 3 December 2024 e-mail Almost five decades on from the frenzied stabbing murders of two women in their home, the prime suspect in the investigation is set to finally face court. Perry Kouroumblis landed in Melbourne late on Tuesday night after being extradited from Italy , marking the first time in about eight years he has set foot on Australian soil. It is expected he will be interviewed by police on Wednesday and subsequently face the Melbourne Magistrates' Court. Kouroumblis will formally be charged with two counts of murder and one count of rape during the court appearance. He was arrested at Rome's Leonardo Da Vinci Airport in September over the alleged slaying of Suzanne Armstrong, 28, and Susan Bartlett, 27, in January 1977. Dubbed the 'Easey Street murders', the friends were found dead with more than two dozen stab wounds in their home on Easey Street in Collingwood in Melbourne's inner north. Ms Bartlett's 16-month-old son Gregory was found unharmed in his cot. The 65-year-old Kouroumblis was filmed sporting a white beard and wavy grey hair as he flew back to Melbourne on a Qatar Airways flight flanked by Victoria Police officers late on Tuesday. Perry Kouroumblis landed in Melbourne late on Tuesday night after being extradited from Italy, marking the first time in about eight years he has set foot on Australian soil Reports described him as docile on the plane, taking advantage of a meal service and watching movies Police had issued an INTERPOL red notice alert for Kouroumblis on two charges of murder and one of rape. The Greek-Australian dual national was not able to be arrested in Greece due to a 20-year statute of limitation on the initiation of murder charges. Following his arrest, he told Italian authorities he was 'happy' to be extradited and his lawyer said he was prepared to face trial but that a judge will have final sign off. Kouroumblis maintains his innocence. Ms Armstrong and Ms Bartlett were last seen alive on January 10, 1977, and their bodies were found three days later. Victoria Police Chief Commissioner Shane Patton has described the murders as 'an absolutely gruesome, horrific, frenzied homicide'. Susan Bartlett and Suzanne Armstrong were murdered in their home on Easey St, Collingwood in 1977 He said advances in technology, investigative techniques and retracing statements had contributed to the breakthrough in Victoria's 'most serious cold case and longest cold case' ever solved. 'There is simply no expiry date on crimes that are as brutal as this,' he said. The force offered a $1million reward in 2017 to catch those responsible. The women went to school together at Benalla in Victoria's north and their families said their deaths changed many lives irrevocably. 1800 RESPECT (1800 737 732) National Sexual Abuse and Redress Support Service 1800 211 028 Interpol Italy Share or comment on this article: Easey Street suspect to face murder and rape charges e-mail
BRASILIA, Brazil -- Supermarket giant Carrefour’s support for French farmers’ protests against a trade agreement between the European Union and the South American bloc Mercosur has sparked a strong reaction in Brazil, including a refusal to supply beef to Carrefour stores in Brazil. Carrefour CEO Alexandre Bompard announced in social media posts last week that the French company would stop buying beef from all Mercosur countries, which also include Argentina, Paraguay and Uruguay. Bompard wrote that he agrees with French producers' arguments that Mercosur beef is an unfair competitor due to lower production costs resulting from fewer environmental and sanitary requirements. The executive encouraged other retailers to follow suit. Brazil's Ministry of Agriculture called Bompard's move protectionist, saying it was made “without any technical criteria.” The decision also angered Brazil's meatpackers. Though France makes up just a tiny sliver of Brazil’s beef exports, meatpackers worried that Carrefour’s decision would hurt its reputation in other markets. Beef giants JBS and Marfrig halted supplies last Friday to Carrefour's extensive supermarket chain in Brazil, including the food warehouse giant Atacadao. Both companies refused to comment on the boycott to The Associated Press, but Minister of Agriculture Carlos Fávaro confirmed it. “We support the reaction of the meatpackers. If Brazil ́s beef isn’t good enough for Carrefour’s shelves in France, it isn’t good enough for Carrefour’s shelves in Brazil either,” Faváro told Folha de S.Paulo newspaper on Monday. Carrefour Group in Brazil acknowledged the boycott in a statement, though it said there's not yet a shortage of beef in stores. It said it has “esteem and confidence in the Brazilian agricultural sector, with which it maintains a solid relationship and partnership.” “Unfortunately, the decision to suspend the meat supply has an impact on customers, especially those who rely on the company to supply their homes with quality and responsible products,” the statement said. “It is in constant dialogue in search of solutions that will make it possible to resume the supply of meat to its stores as quickly as possible, respecting the commitments it has to its more than 130,000 Brazilian employees and millions of Brazilian customers countrywide.” The backdrop for the conflict is the EU-Mercosur trade deal , which would increase agricultural imports to EU countries from South America. French farmers fear it will affect their livelihoods. An initial agreement was reached in 2019, but negotiations have faltered since then due to opposition that also includes some European governments. Brazil’s agribusiness sector also fears that the pending European Union Deforestation Regulation will outlaw the sale of forest-derived products within the EU’s 27-nation bloc if companies can’t prove their goods are not linked to deforestation. Its scope includes soy and cattle, Brazil’s top agricultural exports. Almost half of the country’s cattle is raised in the Amazon region, where 90% of deforested land since 1985 has turned into pasture, according to MapBiomas, a nonprofit network. The date of its implementation remains uncertain. ___ The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .Lana Del Rey Announces New Album ‘The Right Person Will Stay,’ Releasing Next Year
Sunday China Drive | Is the Jiyue 07 to blame for the company’s demise? Jiyue Auto , backed by Geely and Baidu, suddenly collapsed during a financial crisis involving employee salary arrears, department closures, and supply chain issues. In November, Jiyue 01 and Jiyue 07 recorded sales of just 902 and 1,030 units, respectively, with cumulative sales amounting to only around 14,000 units since they were launched. One of the biggest disappointments of Jiyue’s downfall is that the Robo X hypercar, which debuted at the Guangzhou Auto Show , will never see the light of day. The Robo X was initially planned for a 2027 release. Concerns have arisen as live-streaming platforms in China advertise Jiyue 07 at heavily discounted prices, ranging from 19,800 to 29,800 yuan (2,710 to 4,080 USD), prompting doubts about their legitimacy. While Jiyue officials deny involvement and clarify that sales have been halted, conflicting reports about the company’s status have raised alarms among potential buyers. We tested the Jiyue 07 ( see specs ) earlier. Was this car a factor in Jiyue’s demise? Exterior The Jiyue 07 is designed with a minimalist aesthetic that reflects the brand’s futuristic vision. With a length of 4953 mm, a width of 1989 mm, and a wheelbase of 3013 mm, it firmly establishes itself within the C-segment. Its design philosophy centers on simplicity, with streamlined surfaces and integrated lighting elements. The front of the vehicle features a sleek, flat headlight design that incorporates an interactive lighting system, giving the car a modern and high-tech appearance. The side profile is defined by elegant Venus-inspired curves and hidden B-pillars, emphasizing its smooth silhouette. An optional rear spoiler adds a sporty touch to the vehicle, while its drag coefficient of just 0.198 highlights its focus on aerodynamics and efficiency. Interior The Jiyue 07 delivers a high-tech, premium feel. The cabin is dominated by a massive 36.5-inch screen consolidating infotainment and driver data, similar to the one on the Geely Galaxy E8 (see specs ). The screen is powered by Baidu’s Apollo autonomous driving platform and the Snapdragon 8295P chipset, ensuring smooth and reliable performance. The car also features an intelligent voice assistant that allows intuitive interaction, offering a “what you see is what you say” feature that enables effortless commands. The interior materials mix high-quality metals and ambient lighting, creating a premium atmosphere. Notably, the absence of conventional gear shifters reflects the modernity of the Jiyue 07, opting instead for a touchscreen interface that controls gear selection. While some drivers may find this feature unconventional, it aligns with the car’s cutting-edge, minimalist design. The seats are ergonomically designed, providing solid support, and the vehicle’s long wheelbase translates to generous legroom, enhancing comfort for passengers. Innovative features, such as door buttons instead of traditional handles and automatic door closures upon braking, contribute to the futuristic and user-friendly experience. Behind the Wheel During our test drive, the Jiyue 07 demonstrated responsive handling on winding mountain roads, offering a dynamic and comfortable driving experience. The car’s suspension effectively absorbed bumps on uneven urban streets, ensuring a smooth ride for passengers. Continental tires contribute to the vehicle’s confident handling, providing good grip and stability. The regenerative braking system enhanced the driving experience by efficiently recovering energy and providing a smooth, responsive braking feel. Drivers can adjust the braking intensity to match their preferences, offering a more personalized experience. Under mixed driving conditions, the car’s energy consumption averaged 18 kWh per 100 kilometers, aligning with its theoretical maximum range of 600 km. Thanks to its dual-motor configuration, the Jiyue 07 boasts impressive performance. With a claimed 0-100 kph acceleration time of just 3.5 seconds, it is a compelling option for consumers looking for high-performance EVs within the C-segment. The vehicle’s handling benefits from its finely tuned chassis, based on Geely’s SEA platform, which balances agility and comfort. Verdict The Jiyue 07 entered a competitive market dominated by established players and new entrants like Xiaomi. While its innovative design, advanced technology, and high-performance features make it attractive, yet it did not stand out in the Chinese market. Jiyue’s struggles with brand recognition, financial instability, and operational challenges have created significant hurdles. Even the company name “Jiyue” is easily confused with “Zeekr” in Chinese. Both company names have two Chinese characters, beginning with “极” meaning extreme. Not to mention, Geely backs both Jiyue and Zeekr. Although supported by Geely and Baidu, Jiyue’s financial struggles have overshadowed its ambitions in the EV sector. Allegations of unpaid wages, department dissolutions, unsold vehicles (Jiyue 01 and 07), and attempts to sell cars at unusually low prices through unauthorized channels have damaged its credibility. At the same price segment, car buyers can pick the popular Xiaomi SU7 , Zeekr 007 , Lynk & Co Z10 , or even the cheaper Mazda EZ-6 with similar dimensions. Stay tuned for next week’s Sunday China Drive at Car News China , where you can read more first-person evaluations of Chinese cars.Inside the Chargers’ Holiday Party: Sydney Horne Recaps "Beautiful Memories"
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LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Get local news delivered to your inbox!DURHAM, N.C. (AP) — Duke coach Manny Diaz says quarterback Maalik Murphy will face discipline “internally” after extending both of his middle fingers skyward in celebration after throwing a long touchdown pass early in the weekend win against Virginia Tech . Diaz said Monday that Murphy's exuberant gesture, caught on the ACC Network national broadcast, was directed at offensive coordinator Jonathan Brewer in the booth after a bit of practice “banter” from a few days earlier. Diaz said the Texas transfer just let his excitement get away from him but still called it “unacceptable in our program." “There was a practice in the middle of last week when we throwing post after post after post, and we weren't completing them,” Diaz said. “And it was again and again and again and again. And at the end of that, there was a remark made in jest that, ‘If you throw a post for a touchdown in the game, then you can flick me off,’ from Coach Brewer.” Murphy's gesture came after he uncorked a deep ball from deep in Duke's own end and caught Eli Pancol perfectly in stride across midfield, with Pancol racing untouched for an 86-yard score barely 2 minutes into the game. As he began skipping downfield to celebrate, Murphy chest-bumped teammate Star Thomas and then extended both arms in the air with his middle fingers raised. Brewer said Monday he missed the gesture in real time, but then saw it on a replay moments later. “Some things you say on the field when you're coaching obviously isn't meant to be taken literally when you're trying to get after somebody in that world,” Brewer said. Murphy threw for 332 yards and three touchdowns with three interceptions in the 31-28 win for the Blue Devils (8-3, 4-3 Atlantic Coast Conference), who close the regular season at Wake Forest. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football