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2025-01-12
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Westchester Soccer Club Debuts New Home Kit to Kick Off Upcoming SeasonTariff threat on oil shows need for Ottawa to get on Trump's wavelength, leaders say

Trump doesn’t need Congress to make abortion effectively unavailable

STUART, Fla. , Dec. 24, 2024 /PRNewswire/ -- Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000 , before deducting underwriting discounts, commissions, and estimated offering expenses. The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming such option is fully exercised, the Company may raise a total of approximately US$10,580,000 in gross proceeds from the Offering Health In Tech intends to use the net proceeds from the offering for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes. American Trust Investment Services, Inc. acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Health In Tech Health in Tech ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-announces-closing-of-initial-public-offering-302338923.html SOURCE Health In Tech

NoneDynavax to Present at the 7th Annual Evercore HealthCONx Conference

Pixxel, SatSure, 28 Others Submit Bids To Build Earth Observation SystemFORT LAUDERDALE, Fla. (AP) — A boat explosion at a South Florida marina has left one person dead and five others injured, officials said. The explosion occurred Monday night at the Lauderdale Marina, Fort Lauderdale Fire Rescue said in a social media post. Rescue workers transported five people to local hospitals, three with traumatic injuries, officials said. A sixth person was found dead in the water several hours later by the Broward Sheriff's Office. Fire rescue officials said they didn't immediately know what caused the explosion.

Partnering with hummel and Northwell Health, the new kit honors the club's iconic local roots. WESTCHESTER COUNTY, N.Y. , Nov. 26, 2024 /PRNewswire/ -- The Westchester Soccer Club (WSC) – the first homegrown professional sports club to call New York's most populous suburb home – debuted the team's inaugural home kit last week at an event with Northwell Health, its front of kit sponsor and official health partner. See images of the new kit here and the video reveal. Through an exciting partnership with hummel, a leading global sportswear brand, and with sponsorship from Northwell Health, the home kit builds on the excitement of WSC's iconic homegrown brand unveiled earlier this summer. The White, Gold, and Blue "Zee" Kit represents the next step in WSC's campaign to deepen community engagement as it prepares for the 2025 season in the United Soccer League One (USL). Earlier this year, USL announced that Westchester County, N.Y. has been granted the rights to a USL League One franchise, with WSC to kick off in 2025 as the host of home matches at the newly renovated Memorial Field in Mount Vernon, N.Y. "Our new kits proudly showcase the defining spirit of our community. At its core, the jersey is a celebration of our heritage, with the "Infinity W" mark (found in our badge and side-striping) and the Tappan Zee Bridge representing the connection between our players, fans, and our hometown communities," said Mitch Baruchowitz, majority owner of WSC. "Northwell Health is very proud to be the front-of-kit sponsor and official health partner of Westchester Soccer Club. This partnership reflects our shared commitment to fostering a healthier, more connected community," said Dr. Debbie Salas-Lopez of Northwell Health. "The new jerseys symbolize the strength of this collaboration, and we are excited to stand alongside WSC in uniting and inspiring Westchester through the power of soccer." Designed with the vibrant spirit of the NY suburban landscape in mind, the jerseys embody the pride and identity of WSC as a uniter of families and communities in the greater Westchester Region. The distinctive home kits resonate with the club's unique identity and aim to bring fans together and feature one of the region's iconic landmarks. In addition to the introduction of the new kits, WSC is also excited to announce the availability of season ticket deposits for the upcoming League One season. A deposit includes exclusive access to club information, announcements, invitations to events and more, providing fans the opportunity to secure their seats for an exciting season ahead, further solidifying their connection to the club. The new jerseys, and other items in a brand-new line of merchandise, are now available online at WSC's website for ensuring that fans can proudly display their support for the club ahead of the season. For more information about the new jerseys, season ticket options, and upcoming events, please visit: https://www.westchestersc.com/ . About Westchester Soccer Club Westchester Soccer Club, Westchester's first homegrown professional sports team, will join USL One in the 2025 season. The club is dedicated to celebrating the region's profound love for soccer through exciting game experiences and community-focused events. With a strong commitment to nurturing local talent, WSC aims to build a world-class developmental pipeline for both boys and girls in Westchester. For more information and updates, follow WSC on social media: Twitter/X: @westchestersc • Instagram: @westchestersc • Facebook: @westchestersc Sign up for email updates at www.westchestersc.com Media Contact: Josh Vlasto josh@joshvlasto.com View original content to download multimedia: https://www.prnewswire.com/news-releases/westchester-soccer-club-debuts-new-home-kit-to-kick-off-upcoming-season-302317028.html SOURCE Westchester Soccer ClubEMERYVILLE, Calif. , Nov. 26, 2024 /PRNewswire/ -- Dynavax Technologies Corporation (Nasdaq: DVAX), a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines, today announced that the Company will present at the 7th Annual Evercore HealthCONx Conference on Tuesday, December 3 at 2:35 p.m. ET . The presentation will be webcast and may be accessed through the "Events & Presentations" page on the "Investors" section of the Company's website at https://investors.dynavax.com/events-presentations . About Dynavax Dynavax is a commercial-stage biopharmaceutical company developing and commercializing innovative vaccines to help protect the world against infectious diseases. The Company has two commercial products, HEPLISAV-B® vaccine [Hepatitis B Vaccine (Recombinant), Adjuvanted], which is approved in the U.S., the European Union and Great Britain for the prevention of infection caused by all known subtypes of hepatitis B virus in adults 18 years of age and older, and CpG 1018® adjuvant, currently used in HEPLISAV-B and multiple adjuvanted COVID-19 vaccines. For more information about our marketed products and development pipeline, visit www.dynavax.com . For Investors/Media: Paul Cox pcox@dynavax.com 510-665-0499 Nicole Arndt narndt@dynavax.com 510-665-7264 View original content to download multimedia: https://www.prnewswire.com/news-releases/dynavax-to-present-at-the-7th-annual-evercore-healthconx-conference-302315117.html SOURCE Dynavax Technologies

Ohio State QB Air Noland Commits to South Carolina in CFB Transfer PortalNone

Violent showdown in Pakistan's capital pits government against Imran Khan supportersWithout Moss there to capitalize on opponents shying away from star cornerback Patrick Surtain II, the Broncos (9-6) have had to largely abandon their preferred man coverage in favor of zone strategies and the results haven't been pretty. They allowed 32 points to the Cleveland Browns when former teammate Jerry Jeudy caught nine passes for a career-best 235 yards, including a 70-yard touchdown. Only Jonathan Taylor's fumble at the goal line as he was about to score a 41-yard touchdown and give Indianapolis a 20-3 lead saved the Broncos in Week 15 and allowed Denver to seize momentum and get the victory. They couldn't stop Justin Herbert , who led the Los Angeles Chargers back from a double-digit third-quarter deficit for a 34-27 win last week that prevented the Broncos from ending their eight-year playoff drought. It also put more pressure on the Broncos to win Saturday at Cincinnati, where the Bengals (7-8) cling to hopes of catching the Broncos and deny Denver a wild-card berth. Moss has enjoyed a breakout season in Denver with 71 tackles, eight pass breakups and an interception in 12 starts. He played in 14 games as a rotation player his rookie season after recovering from core muscle surgery that relegated him to special teams and spot duty in 2023. “We were and have been super excited" about the third-round pick out of Iowa, coach Sean Payton said. "Obviously, the guy that plays opposite of Patrick is going to get a lot of business. All throughout training camp, he really rose to the occasion, battled, competed and throughout really a good portion of the season. “He’s a big reason why we were playing so well defensively,” Payton added. "The sooner the better when we can get him back in the lineup. Hopefully it can happen this weekend.” In Moss' dozen starts, the Broncos allowed 16.8 points per game. Without him, they've been allowing 26.3 points a game. Joe Burrow and Ja'Marr Chase pose a bigger challenge to the Broncos than Jeudy and Jameis Wiston did for Cleveland or Herbert and Ladd McConkey did for the Chargers. Moss returned to practice last week and the Broncos will determine this week whether he's ready to return to the field or if it's better to keep him out until their season finale against Kansas City. The medial collateral ligament is on the inside of the knee that connects the thigh bone to the shin bone. It’s one of four major ligaments that stabilize the knee and allow it to rotate. It typically takes a month to recover from an MCL sprain and the Broncos had their bye week earlier this month, meaning Moss might only have to miss three games. If the Broncos reach the playoffs for the first time since winning Super Bowl 50 in Hall of Famer Peyton Manning's last start, they'll likely need to have a healthy Moss opposite Surtain to have any realistic hopes of avoiding a one-and-done appearance. The Broncos got a scare when Surtain injured an ankle against Indianapolis two weeks ago and limped off the field in the closing minutes. However, he was a full-go at practice last week and had no issues against the Chargers. AP NFL: https://apnews.com/hub/nflNorth Macedonian political party demands ban on TikTok after at least 17 students injured

The largest political party in the EU has been forced to U-turn after sparking fury over a post about the British Overseas Territory, the Falkland Islands. The European People’s Party (EPP) Group caused controversy when it posted on X (formerly Twitter) about the trade agreement between the EU and Mercosur, a trade bloc made up of Argentina, Bolivia, Brazil, Paraguay and Uruguay, with seven other associate members. The agreement was signed on Friday, December 6, The EPP, which has been the largest political group in the European Parliament since 1999 with 188 MEPs and is one of the oldest parties, said of the agreement on X: “We welcome the conclusion of negotiations on the Mercosur Agreement. We welcome the conclusion of negotiations on the #Mercosur Agreement. We are creating the largest free trade zone in the world, with an additional market of 260 million potential consumers of European goods. It is a win-win for European and South American countries. pic.twitter.com/sHmGreNGxY “We are creating the largest free trade zone in the world, with an additional market of 260 million potential consumers of EU goods. It is a win-win for European & South American countries.” But alongside their initial post was a map of Europe and South Africa with the involved countries highlighted in blue, including the Falkland Islands. Many in the replies pointed out that the Falkland Islands would not be included in the trade agreement due to them being British-owned and the UK not being part of the EU anymore. Why are the Falklands in blue here @EPPGroup ? https://t.co/VhLLG8898Z X users called them “clowns” and urged them to “check their graphic”. Within an hour, the EPP posted again with a new corrected picture that did not have the remote islands, which have been under British control since 1833, highlighted. Others criticised the EPP’s support for the agreement, saying it was “disgraceful” and would “single-handedly strangle the European agricultural sector”. Many are also concerned about the potential impact on the environment, with some saying it was a “facilitation of a worsening in climate change” and “exporting environmental damage to South America”. The EU is Mercosur's number one trade and investment partner. The EU exported £46 billion in goods to Mercosur in 2023 and £23 billion in services in 2022. It is also the biggest foreign investor in Mercosur with a stock of £282 billion in 2021.

A Cook County judge is expected to determine members of the Calumet City electoral board after the city clerk, who is challenging Mayor Thaddeus Jones’ eligibility, objected to its makeup. Clerk Nyota Figgs is objecting to Jones’ bid for reelection, saying the mayor’s principal residence is not in the city and that a referendum passed in 2020 prohibits a Calumet City official from also being a state legislator. Jones has been a state representative since 2011. A municipal electoral board normally includes the mayor, clerk and longest serving alderman. However, because both the mayor and clerk are involved in the objection, the electoral board created for these objections has been attorney Tom Jaconetty, as chair, and the two longest serving aldermen, Ramonde Williams and Anthony Smith. Figgs and her attorney, Burt Odelson of Odelson, Murphey, Frazier and McGrath, said both Williams and Smith are biased in their support for Jones, having close political ties to the mayor. Williams, Smith and Jones are among those whose campaigns have received funding raised by the Calumet City Democrats United political party , according to filings on the Illinois State Board of Elections website. “You can’t get a fair and impartial hearing because they raise money with him,” Odelson said Tuesday. “The two aldermen will vote any way that they’re told to vote — it’s as simple as that.” Odelson said he believes Jones will be knocked off the ballot despite an unsuccessful challenge to his candidacy when he first ran for the mayor’s seat in 2021. Odelson said the referendum passed to prohibit candidates from running for mayor if they also hold an elected, paid office created by the state constitution had not been certified when Jones filed his petition for that election. Jones’ attorney, Ed Mullen of Bucktown Law in Chicago, said the Illinois General Assembly passed a bill prohibiting such a restriction on who is allowed to seek local office. “If the state legislature passes a law, it supersedes the referendum,” Mullen said. Ted Slowik / Daily Southtown City Clerk Nyota Figgs, left, and Mayor Thaddeus Jones discuss an item during a Calumet City City Council session Sept. 21, 2021, at Calumet City City Hall. (Ted Slowik/Daily Southtown) But Odelson said the legislature does not have the authority to reverse action taken in a direct vote, and that Jones prompted the change state law. “They can’t retroactively go back and undo the votes of the people,” Odelson said. Figgs, who also is running for reelection, faces a candidacy challenge from city auditor Alyssia Benford. Benford claims Figgs does not reside in Calumet City, but at an address in North Chicago. Figgs also objects to the makeup of the electoral board, and Cook County Judge Maureen Ward Kirby is to rule next week. If she determines Williams and Smith cannot serve on the board, she will appoint new members, Odelson said. The next electoral board meeting with a potentially different board is scheduled for Dec. 6 at City Hall, 204 Pulaski Road, Calumet City. ostevens@chicagotribune.comSocial Media Drag Ne-Yo to Hell After He Declares Monogamy Is ‘Not For Me’

BEIRUT (AP) — Insurgents' stunning march across Syria gained speed on Saturday with news that they had reached the suburbs of the capital and with the government forced to deny rumors that President Bashar Assad had fled the country. The rebels' moves around Damascus, reported by an opposition war monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including two provincial capitals, under the control of opposition fighters. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. As they have advanced, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. The U.N.’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition.” Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. In Damascus, people rushed to stock up on supplies. Thousands rushed the Syria border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those that remained open ran out of staples such as sugar. Some shops were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle (in Damascus) or not.” It was the first time that opposition forces reach the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. Assad's status Amid the developments, Syria’s state media denied rumors flooding social media that Assad has left the country, saying he is performing his duties in Damascus. Assad's chief international backer, Russia, is busy with its war in Ukraine . Lebanon’s powerful Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran, meanwhile, has seen its proxies across the region degraded by regular Israeli airstrikes. Pedersen said a date for the talks in Geneva on the implementation of U.N. Resolution 2254 would be announced later. The resolution, adopted in 2015, called for a Syrian-led political process, starting with the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. The insurgents' march Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were also marching from eastern Syria toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. Syria’s military, meanwhile, sent large numbers of reinforcements to defend the key central city of Homs, Syria’s third largest, as insurgents approached its outskirts. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria’s largest, and the central city of Hama , the country’s fourth largest city. HTS leader Abu Mohammed al-Golani told CNN in an interview Thursday from Syria that the aim is to overthrow Assad’s government. The Britain-based Observatory said Syrian troops have withdrawn from much of the two southern provinces and are sending reinforcements to Homs, where a battle is looming. If the insurgents capture Homs, they would cut the link between Damascus, Assad’s seat of power, and the coastal region where the president enjoys wide support. The Syrian army said in a statement Saturday that it has carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists.” The army said it is setting up a “strong and coherent defensive and security belt in the area,” apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. After the fall of the cities of Daraa and Sweida early Saturday, Syrian government forces remained in control of five provincial capitals — Damascus, Homs and Quneitra, as well as Latakia and Tartus on the Mediterranean coast. Tartus is home to the only Russian naval base outside the former Soviet Union while Latakia is home to a major Russian air base. Diplomacy in Doha In the gas-rich nation of Qatar, the foreign ministers of Iran, Russia and Turkey met to discuss the situation in Syria. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there is a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. After the fall of the cities of Daraa and Sweida early Saturday, Syrian government forces remained in control of five provincial capitals — Damascus, Homs and Quneitra, as well as Latakia and Tartus on the Mediterranean coast. On Friday, U.S.-backed fighters of the Kurdish-led Syrian Democratic Forces captured wide parts of the eastern province of Deir el-Zour that borders Iraq as well as the provincial capital that carries the same name. The capture of areas in Deir el-Zour is a blow to Iran’s influence in the region as the area is the gateway to the corridor linking the Mediterranean to Iran, a supply line for Iran-backed fighters, including Lebanon’s Hezbollah. With the capture of a main border crossing with Iraq by the SDF and after opposition fighters took control of the Naseeb border crossing to Jordan in southern Syria, the Syrian government's only gateway to the outside world is the Masnaa border crossing with Lebanon. Karam reported from London. Associated Press writers Albert Aji in Damascus, Syria and Qassim Abdul-Zahra in Baghdad contributed to this report.

Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. On Tuesday: The S&P 500 rose 65.97 points, or 1.1%, to 6,040.04. The Dow Jones Industrial Average rose 390.08 points, or 0.9%, to 43,297.03. The Nasdaq composite rose 266.24 points, or 1.3%, to 20,031.13. The Russell 2000 index of smaller companies rose 22.42 points, or 1%, to 2,259.85 For the week: The S&P 500 is up 109.19 points, or 1.8%. The Dow is up 456.77 points, or 1.1%. The Nasdaq is up 458.53 points, or 2.3%. The Russell 2000 is up 17.48 points, or 0.8%. For the year: The S&P 500 is up 1,270.21 points, or 26.3%. The Dow is up 5,607.49 points, or 14.9%. The Nasdaq is up 5,019.77 points, or 33.4%. The Russell 2000 is up 232.78 points, or 11.5%.

Soccer's global allure is unmatched, yet its history is shadowed by tragedies. At a recent soccer match in Nzérékoré, Guinea, a controversial refereeing decision led to unrest, resulting in crowd violence that claimed more than 50 lives. In 2022, violence at Indonesia's Kanjuruhan stadium during a match led to the deaths of 135 people, as security forces responded to pitch invasions with tear gas, triggering chaos and ultimately a crowd crush. These incidents are stark reminders of the risks tied to violence in sports crowds. They stem from structural failures, poor crowd management, and often complex group dynamics that lead to violent behaviour. Soccer crowds are especially prone to violence, which raises a pressing question: what is it about soccer and its fan culture that makes such incidents more likely to occur? À lire aussi : Dedicated Roman gladiator superfans were the football hooligans of their day Soccer fan violence: a recurring pattern Catastrophic incidents rooted in fan violence have been intertwined with the history of this sport. Perhaps the most extreme case is the Soccer War (more commonly known as the Football War) of 1969, when World Cup qualifiers between El Salvador and Honduras inflamed existing political tensions. Clashes between fans added to the animosity, and within days, the two nations were at war. More than 2,000 people died in the brief conflict. There are other cases throughout the history of the game: Estadio Nacional Disaster (1964, Peru) – Riots broke out after a disallowed goal during a Peru-Argentina match in Lima. Police used tear gas, causing chaos as fans tried to escape through locked exits. More than 300 people died. The Heysel Stadium Disaster (1985, Belgium) – Clashes between Liverpool and Juventus fans before the European Cup final caused a wall to collapse. Thirty-nine people were killed and more than 600 were injured. Port Said Stadium Riot (2012, Egypt) – After a match between Al-Masry and Al-Ahly, fans..., /PRNewswire/ -- In an upcoming , M. , Founding President of Nazarbayev University (NU) and a key architect of education reforms, will address the escalating scandal surrounding financial mismanagement at the country's flagship higher education institution. The crisis gained public attention following the announcement of the state audit results of Nazarbayev University. The revelations have sparked widespread concerns about transparency and oversight at one of most prestigious universities. Adding to the controversy are allegations of financial mismanagement involving the New Generation Foundation, the Jusan Group — entities originally established to ensure the long-term financial sustainability of NU and Nazarbayev Intellectual Schools (NIS). Questions have also been raised about the state of affairs at NU's Social Development Fund. Reports suggest that funds may have been misappropriated, triggering outrage from students, educators, and civil society. In response, a student initiative group from Nazarbayev University issued an open letter demanding the release of both the state audit and NU's internal audit of the Social Development Fund. The letter also calls for greater accountability, enhanced transparency, and the protection of students' rights. This appeal reflects mounting frustration with the university's leadership and a growing demand for immediate corrective action. interview will shed light on these unfolding developments. As a former leader of NU, Katsu is uniquely positioned to analyze the root causes of the crisis, critique the university's response, and discuss the broader implications for education sector. The full interview can be found here: In light of recent controversies surrounding the financial governance of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS), an open letter from concerned students has surfaced, addressing the troubling mismanagement of funds and conflicts of interest. The letter highlights a series of financial decisions that led to the unraveling of key institutions meant to ensure the long-term stability of NU and NIS. The students are particularly concerned about the fate of the Jusan Group and the Nazarbayev Fund (NGF), which were once positioned to secure the financial future of these two leading educational institutions. Instead, they that significant funds were misappropriated and whole organizations lost, leading to the collapse of what was once a promising financial structure. In response, , the Founding President of Nazarbayev University, has also written , received by EU Reporter, addressing the ongoing crisis and providing his perspective on the unfolding situation. In his letter, Katsu outlines the rationale of engagement in the financial sector and the erosion of the initial vision for NU, highlighting the role of key financial institutions like and the NGF in securing a stable future for the university and NIS. He draws attention to the series of decisions that led to the loss of the former and calls for urgent remedial actions to prevent further damage to the institutions' credibility and financial stability In this exclusive interview with , , the Founding President of Nazarbayev University, sheds light on these pressing issues. He discusses the audit findings, the role of , and what must be done to restore trust and secure the future of NU and NIS. Bio: Mr. is the Founding President of Nazarbayev University. He held the position of President from until . He was Chair of the Board of Trustees of an affiliated secondary school system, the Nazarbayev Intellectual Schools, and of the University's hospital system. Prior to the assignments in , over the course of a 30-year career at the World Bank, Mr. held various positions including leading financial sector reform support for , Director for , and Vice President for and . After his retirement from the World Bank, he served for a few years on the US board of a youth-oriented international development NGO. Between 2011 and 2015 he was an Advisory Panel member of the ASEAN+3 Macroeconomic Research Office (AMRO). Questions: - The decision to write the open letter was not made lightly. It was driven by a profound sense of responsibility to the students, faculty, and broader community of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS). These institutions were established with a vision to create world-class educational hubs in and establish a center of excellence for academic research. Ensuring their financial independence and long-term stability is a core requirement to achieve the two institutions' mission. However, recent developments revealed through state and internal audits have exposed serious breaches of trust. The misuse of funds from entities like the University's Social Development Fund, New Generation Foundation, and Jusan Group directly threatens the sustainability of NU and NIS. These funds were meant to build up and guarantee the financial security of the institutions. Instead, we now see signs of embezzlement, mismanagement, and a concerning lack of accountability. The role played by key figures like the directors and executives of NGF, of (Executive Vice President of NU, a former Minister of Education) and (Vice President for Student Affairs and International Cooperation, Nazarbayev University) only adds to the gravity of the situation. By writing the letter, my goal was to bring transparency to the issue and to mobilize public attention and international scrutiny. If we allow these values to be compromised, we risk undoing more than a decade of progress. The letter serves as a call for accountability, reform, and most importantly, protection of the future of youth. - , designed to meet international standards in research, teaching, and governance. One of its founding principles was , which ensured that students were selected solely based on their ability and potential. This meritocratic foundation was not only an academic principle but a reflection of NU's mission to transform education system. Students, alumni, faculty and staff have worked hard to build NU's name. Now students, that the lowering of admission standards undermines this mission and risks eroding the university's reputation both domestically and internationally. Such changes create the perception that NU is moving away from its original vision of being a world-class institution. To restore confidence, NU must reaffirm its commitment to international standards, transparency, and academic rigor. Reverting to merit-based admissions and prioritizing excellence will send a clear message that the institution remains steadfast in its mission. In the Open Letter, I stated that in theory, a policy of opening the entry door wider, but then be resolutely strict in terms of progression and graduation based on academic integrity and merit could work. There are some cases globally. However, it can only work if there is a full commitment to integrity and merit, openness and transparency, and NU's original values are upheld. But unfortunately, what I have observed and heard about recent developments at NU does not make me optimistic. While administration is supposedly in a belt-tightening mode, new senior positions were created and filled with scant regard for a proper hiring process and qualification. Conflict of interest and restrictions on hiring family members have been discarded. These are just a few of the institutional changes that will inevitably bleed over into the academic fabric as well. Is this the example that senior management wants to present to our students? - Absolutely, but to be fair, this corporate governance crisis is not just limited to . The findings of reveal a systemic absence of check and balances and accountability that extends beyond these institutions. Mismanagement and theft, such as those involving , have not only undermined NU and NIS but also shaken public trust in leadership. The financial institutions linked to NU and NIS—Nazarbayev Fund, New Generation Foundation, and Jusan Group were designed to guarantee long-term financial stability for education in , securing the futures of NU and NIS for decades. However, NGF and Jusan Group's systematic depletion and dismantling highlight the country's struggle with accountability and the need for deep structural reform. This mismanagement reflects broader governance failings—particularly a lack of oversight, transparency, and mechanisms to prevent conflicts of interest. I cannot pronounce myself on the current status of the NF, but I would not be surprised if one discovers similar shortcomings there as well. I had called for an audit for some time until my departure but was not successful. The impact extends beyond education, affecting the economic and social fabric of . Addressing these issues requires not just reforms within these organizations but also a renewed commitment to governance, accountability, and emphasis on establishing the rule of law. - The original intent of the Nazarbayev Fund, New Generation Foundation, and Jusan Group was to provide NU and NIS with long-term financial stability. These entities were carefully designed to ensure that leading educational institutions could eventually operate in a manner less affected by state budget fluctuations. However, as the audits reveal, these institutions have been systematically mismanaged and looted, jeopardizing the financial future of NU and NIS. NU's survival and success now depend on a bold and transparent strategy. The first step is to rebuild trust with the public, students, and alumni by publishing the findings of both the state audit of NU and the internal audit of SDF. Then, those responsible are held accountable. Financially, NU must re-establish a diversified funding model. This includes rebuilding its endowments and enhancing additional revenue streams, such as a logical and sound tuition policy, executive education and collaboration with industry and business in the form of contract research. Transparency and governance reform will be key to attract donors and investors who believe in NU's mission and potential. - I have not had the opportunity to access the state audit report, thus it is difficult to comment. If the cited amount in mismanagement of over six years is true, it is scandalous. However, we do not know what the auditors' definition and criteria of mismanagement is. So, let's first find out what the report actually says. What is clear, however, is the and it is sobering. This SDF audit reveals a blatant disregard of corporate governance principles, where individuals entrusted with university resources prioritized personal gain over the mission of NU. The audit revealed that SDF management led by current constructed an intricate web of subsidiary entities, including abroad, to systematically evade the oversight and control of the University. Funds ( ) meant to assist students and faculty were used for personal gains of and questionable deals. Unfortunately, NU senior officials such as participated in such schemes. When I voiced my concern earlier over the developments at NU, it is largely because of the track record of senior officials there. For NU to move forward, it must adopt zero-tolerance policies for corruption, demand accountability from those responsible, and reform its governance structures to ensure transparency. - The claim of a lack of funds is a direct consequence of the systematic looting of resources from the New Generation Foundation and Jusan Group. These entities were explicitly designed to contribute to NU and NIS' long-term financial sustainability against the backdrop of reduced state funding. However, as I described in my Open Letter, these innovative financial structures have been undermined by mismanagement, and outright theft. For instance: Rebuilding financial stability will require recovering stolen assets, reforming governance structures, and restoring public trust through full transparency and accountability. - Accountability must begin with transparency. First, all findings from the audits should be made public, and independent investigations should be conducted to identify those responsible. No individual, regardless of rank or influence, should be above scrutiny. Second, legal consequences must follow where wrongdoing is found. legal system must demonstrate its independence and commitment to justice by prosecuting those who exploited these funds. Finally, governance reforms are essential. NU and its associated entities must implement stricter checks and balances, including external audits, whistleblower protections, and oversight committees with independent members. These steps are not just about rectifying past mistakes—they're about ensuring a future where such mismanagement cannot happen again. - The patterns that have emerged—opaque transactions, conflicts of interest, and questionable settlements—are deeply troubling. For instance, the transfer of assets to private hands under unclear terms raises red flags about the intentions behind such decisions. This exploitation puts the futures of NU and NIS at risk. These institutions were designed to be financially independent, insulated from political and economic volatility. The weakening of their financial foundations erodes their ability to deliver on their missions and betrays the trust of the Kazakhstani people, who have invested in these institutions through their taxes. The way forward requires not just recovering lost assets but rebuilding the governance systems that allowed this exploitation to occur. - The vision for NU was bold: to create an institution that could compete with the best universities in the world while serving as a model for higher education reform in . From day one, we envisioned NU as a hub for innovation, research, and leadership development—a place where the brightest minds could come together to solve the challenges of tomorrow. However, one should not forget that universities, in particular research universities, are a long-term endeavor. They are meant to educate and develop generations upon generations of leaders and professionals in a broad range of sectors, and thus contribute to the scientific, economic, and societal wealth of countries. Building a strong institution that can meet the test of time requires long-term and unwavering commitments to foundational values such as integrity, meritocracy, excellence, openness and transparency. But of course, strong financial support from government and other stakeholders is needed, especially in the first decades. Thus, it was understood that NU would be dependent on state funding (through education grants and capital investments) for the initial decades of its existence, while in the meantime it would develop other sources of financing such as through endowment funds, tuition, and contract research. The Nazarbayev Fund, NGF and the Jusan Group were integral parts of this vision. This overall construct allowed us to recruit world-class faculty, develop state-of-the-art facilities, and provide scholarships to talented students, many from underprivileged backgrounds. These resources weren't just financial—they were a vote of confidence in NU's mission and a recognition of the transformative power of education. The loss of these resources is a significant setback, but I do hope that NU can recover. The university must focus on rebuilding trust with its stakeholders—students, faculty, alumni, and the public. This starts with transparency in financial management and governance. Diversifying funding sources will be crucial. This includes rebuilding its endowments, engaging with the philanthropic community, and developing innovative revenue streams. But most importantly, NU must stay true to its mission and values. Financial stability is important, but it must never come at the cost of compromising the university's integrity or academic excellence. Restoring NU's credibility begins with transparency. For instance, the university must share the audit report with stakeholders, and openly address any major shortcomings highlighted in the audit, including financial mismanagement and governance failures. An independent investigation, followed by public disclosure of findings, will demonstrate a commitment to accountability. Next, an affirmation of NU's commitment to its foundational values and principles is needed. Next, institutional reforms are essential. This includes introducing stronger oversight mechanisms for financial and administrative processes, ensuring that governance boards are staffed with individuals of the highest integrity and independence, and that management, faculty and staff are recruited on the basis of transparency and merit. Fourth, NU must recommit itself to its founding mission of academic excellence. This means maintaining rigorous admission standards, prioritizing high-quality faculty recruitment, and fostering research that addresses national and global challenges. And finally, engaging the NU community—students, faculty, alumni, and parents—in shaping the university's path forward is critical. A transparent, inclusive process will rebuild trust and reaffirm NU's position as a leader in higher education. Educational reform is not just critical—it is foundational to economic recovery and long-term stability. The pandemic exposed vulnerabilities in education systems worldwide, but it also underscored the importance of adaptability, innovation, and resilience. For , investing in education means investing in the future. A well-educated population is essential for diversifying the economy, attracting foreign investment, and fostering innovation. Institutions like NU and NIS must lead the way by setting benchmarks for quality and demonstrating the value of education in driving economic progress. Moreover, reform must focus on equity. Expanding access to high-quality education for students from socially vulnerable backgrounds will ensure that economic recovery benefits all segments of society, not just the privileged few. - NU and NIS are more than educational institutions—they are catalysts for economic growth and social development. By equipping students with critical thinking skills, technical expertise, and a global perspective, they prepare the workforce needed to diversify economy. Their impact extends beyond classrooms. NU's research contributes to solving national challenges in areas like energy, healthcare, and technology. Meanwhile, NIS fosters innovation and leadership at the secondary education level, creating a pipeline of talent that benefits universities and industries alike. To sustain this role, NU and NIS must secure their financial stability. This includes strengthening governance, diversifying funding sources, and forging partnerships with the private sector and international organizations. These institutions are vital to future, and their success is intertwined with the country's broader economic ambitions. - The NU model is innovative, but its core principles—integrity, meritocracy, autonomy, and a focus on global best practices—are universally applicable. Many countries could benefit from establishing institutions that prioritize excellence and align with international standards. That said, successful implementation depends on adapting the model to local contexts. approach benefited from strong initial financial and political backing, and a vision that emphasized independence from political and state bureaucratic interference. Replicating this requires careful consideration of governance structures, funding mechanisms, autonomy and other values, and cultural factors. In countries where philanthropic traditions or financial resources are limited, the model may need to rely more on public-private partnerships or international collaborations. Ultimately, the NU experience demonstrates that ambitious goals in education are achievable with the right vision, leadership, and long-term commitment support. - The story of NU and its financial affiliates offers a critical lesson: no institution, no matter how noble its mission, is immune to mismanagement and corruption without strong governance. NU and NIS' financial pillars, namely the Nazarbayev Fund, NGF, Jusan Group, but also the SDF and NIS' Corporate Development Fund were designed to guarantee long-term financial sustainability, yet their exploitation demonstrates how quickly trust can be eroded when transparency and accountability are neglected. For any endowment fund or financial institution, the following lessons are clear: NU's experience is a cautionary tale but also an opportunity. By addressing these failures head-on, NU can emerge as a model for how institutions can learn from adversity and rebuild stronger than before. View original content to download multimedia: SOURCE EU Reporter

Kimberly-Clark Corp. stock rises Tuesday, still underperforms marketDemocrats say they'll avoid election challenges on Jan. 6Lil Wayne, GloRilla, Camila Cabello to perform at College Football National ChampionshipTributes have been paid to a young RAF Lossiemouth Air Specialist who passed away last week. David Enbom, who had served at RAF Lossiemouth since August 2023, died on Saturday, November 23. Known as Davey to his friends, the local was a hugely popular member of the Engineering and Logistics Wing. David attended St Gerardine’s Primary School and Lossiemouth High School, where he excelled at sports. He then followed in the footsteps of his father and grandfather and joined the RAF in 2023. After completing his initial training at RAF Halton in May 2023, David trained as a Logistics Supplier at MOD Worthy Down. He then returned home to Moray for his first RAF posting last August. RAF Lossiemouth has issued a moving tribute three days after David’s passing. Tributes paid to RAF Lossiemouth AS1 David Enbom , RAF Lossiemouth said David’s death is “deeply felt” by all members. The institution is supporting his mother Donna, father Steven, sister Chelsie, his Grandparents and his wider family and friends at this sad time. Several former colleagues have shared some beautiful words in his memory. AS1 William Waddell, Supply Control and Accounting Flight, wrote: “The loss of David from our lives will be a wound that will take a long time to heal. “He wasn’t just our friend or colleague, he was a son, brother and loved member of a big family. “We will miss him in ways words can’t quite describe. “Ever the confidant of many, he was always a person who was there for everyone, any time of the day. “We will always remember him as a funny wee boy, who was always laughing, brightening up our day.” AS1 Jordan Roberts, Supply Control and Accounting Flight, said: “Having only met David in May, we quickly became close friends, as if we’ve known each other a lifetime. “A fun individual who never failed to make anyone laugh, whether it be in the office or out on a social. “A record of 10 wins in a row at pool, he’d hustle his way, fuelled with several cans of Monster and Scotmid’s Steak Pies. “Don’t worry, David, your record still stands on top over everyone!” Meanwhile, Squadron Leader Jack Savage, Officer Commanding, RAF Lossiemouth Logistics and Supply Squadron, said: “The news of AS1 Enbom’s death has hit the Squadron hard. “Although he initially came across as quiet, it quickly became clear that Davey was a sharp-witted character with a real spark.” Highly popular and with a cheeky personality Sgt Garry Russell, Senior NCO Secondary Accounts, Supply Control and Accounting Flight, added: “With an exceptional work ethic and strong commitment to his role, he was a respected and trusted member of the SCAF team. “Highly popular with a cheeky personality, he was always at the centre of any banter within the office where he made everyone around him feel valued and included.” Warrant Officer Neil Mackie, Squadron Warrant Officer, Logistics Support Squadron, wrote: “AS1 David Enbom was a genuinely very polite character who was hard working and always willing to get involved in wider aspects of Sqn & Service life. “Being a very popular member of the Logistics Support Squadron, his tragic loss has been devastating, and he will be sorely missed by everyone whom he worked with, the wider Station and local community.” Wing Commander Sharon Evelegh-Hall, Officer Commanding, RAF Lossiemouth Engineering and Logistics Wing, said: The tragic and untimely loss of AS1 David Enbom has sent shockwaves not only through his Flight and Squadron but across the whole unit. “In spite of his relatively short time in the RAF, his impact was extensive. “David will be sorely missed but his legacy and our memories will endure.”

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