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2025-01-13
Honda, Nissan aim to merge by 2026 in historic pivot TOKYO: Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car makers. The tie-up would create the world’s third-largest auto group by vehicle sales after Toyota and Volkswagen.It would also give the two companies scale and a chance to share resources in the face of intense competition from Tesla and more nimble Chinese rivals, such as BYD. The merger of Honda, Japan’s second-largest automaker, with Nissan, its No 3, would be the biggest reshaping in the global auto industry since Fiat Chrysler Automobiles and PSA merged in 2021 to create Stellantis in a $52-billion deal. Smaller Mitsubishi Motors, in which Nissan is top shareholder, was also considering joining and would make a decision by the end of January, the companies said.The chief executives of all three held a joint press conference in Tokyo. “The rise of Chinese automakers and new players has changed the car industry quite a lot,” said Honda CEO Toshihiro Mibe, citing technological trends of electrification and autonomous driving. “We have to build up capabilities to fight with them by 2030, otherwise we’ll be beaten.”The two companies would aim for combined sales of 30 trillion yen ($191 billion) and operating profit of more than 3 trillion yen through the potential merger, they said. They aimed to wrap up talks around June 2025 before setting up a holding company by August 2026, when shares of both companies would be delisted.Honda, which has a market capitalisation of more than $40 billion, roughly four times that of Nissan, will appoint the majority of the company’s board, they said. Combining with Mitsubishi Motors would take the Japanese group’s global sales to more than eight million cars. The current No 3 is South Korea’s Hyundai and Kia.Honda and Nissan have been exploring ways to bolster their partnership, including a merger, Reuters reported last week. In March, both said they were considering co-operation on electrification and software development. They widened the collaboration to Mitsubishi Motors in August. Last month, Nissan announced a plan to cut 9,000 jobs and 20 per cent of its global production capacity after sales plunged in the key China and US markets.Honda also reported worse-than-expected earnings due to a China sales slump, although solid motorcycle and hybrid car businesses helped it secure a relatively stable financial base. “This is not a rescue of Nissan,” however, Honda’s Mibe said, adding that Nissan’s business turnaround was a “prerequisite” for the merger.Like other foreign carmakers, Honda and Nissan have lost ground in the world’s biggest market China to BYD and other domestic makers of electric and hybrid cars loaded with innovative software. In a separate online press conference on Monday, former Nissan chairman Carlos Ghosn, now wanted in Japan as a fugitive for jumping bail and fleeing to Lebanon, said he did not believe the Honda-Nissan alliance would be successful, as the two were automakers were not complementary. French automaker Renault, Nissan’s largest shareholder, said it would “discuss with Nissan and consider all possible options”. Sources have said Renault is open in principle to a Honda-Nissan tie-up. Taiwan’s Foxconn, seeking to expand its nascent EV contract manufacturing business, approached Nissan about a bid but the Japanese company rejected it, sources have told Reuters. Foxconn decided to pause the approach after it sent a delegation to meet with Renault in France, Bloomberg News said on Friday.Nissan chief executive Makoto Uchida, at Monday’s press conference, denied a view that Foxconn’s move prompted its merger talks with Honda. Uchida said Nissan continued to work with Renault on a “project basis” if there was synergy, while Mibe said Honda would not change its relations with General Motors.Shares in Honda ended the day up 3.8 per cent, Nissan rose 1.6 per cent and Mitsubishi Motors gained 5.3 per cent after news of the merger plan, while the benchmark Nikkei index closed up 1.2 per cent.Portland Trail Blazers center Donovan Clingan returned to practice Tuesday after missing seven games with a left knee sprain, a sign that he could play Friday against San Antonio. However, when asked if he was looking forward to facing Spurs center Victor Wembanyama at the Moda Center, Clingan deflected. “Not sure if I’ll be back then or not or when the return date is, but we’ll definitely see on Friday,” Clingan said. Minutes prior, Blazers coach Chauncey Billups expressed a more optimistic viewpoint. “He did almost everything today,” Billups said. “He looked good.” But will Clingan play on Friday? “Unless something happens throughout this week, I feel good about it,” Billups said. “If he can practice on a Tuesday, then I would hope so.” The Blazers (8-16) announced before practice that Clingan had been cleared for on-court workouts and would begin the ramp-up toward a return to play. He is considered day-to-day. The Blazers have struggled without both Clingan and fellow backup center Robert Williams III (concussion protocol). The Blazers' defensive rating on the season is 115.9 (23rd). Without Clingan for seven games and Williams for six, the defensive rating jumped to 124.7 (30th). Portland went 1-6 during that stretch. Williams also practiced on Tuesday. “Rob did some stuff out here today, too,” Billups said. “It’s good to have him on the floor, as well, obviously. He’s still in the protocol, though. He hasn’t passed every level yet.” Clingan said he took his time during rehabilitation, trying not to rush back. But doing so was tough. “I missed a lot,” he said. “I’m the most antsy dude you’ll meet. Sitting on the sideline is not fun. I’m excited to be back out.” -- Aaron Fentress | afentress@Oregonian.com | @AaronJFentress (Twitter), @AaronJFentress (Instagram), @AaronFentress (Facebook)Chargers defensive coordinator Jesse Minter calls the Baltimore star 'the most electric quarterback' in the history of the NFL ahead of Monday night's gamehaha 777 agent login

Big Tech is warming up to Trump — to gain what?Via When the story of global nickel prices is written for 2024, Indonesia and China will undoubtedly be the main characters. This is not only due to the former country’s high production output but also alleged violations of environmental rules and poor labor practices, which Indonesia has consistently denied. Indonesia is in global nickel production, accounting for 51% of the world’s total mine production. The country also sits on 42% of total global reserves. Because of this, it’s been a major investment hub for Chinese firms. According to SandP Global Commodity Insights, is projected to hit 2.1 million metric tons in 2024—over 50% of the expected global output and more than double its 2020 levels. In the rest of the world, the nickel story has turned sour of late. Everywhere you look, mines and smelters are either closed or about to be. Adding to the woes is the fact that benchmark nickel prices remained down in 2024 from the highs of 2022. The Economist says most sector experts blame these problems on Indonesia because of its , poor environment and labor laws and cheap coal power, a hot mix for those who want to undercut the competition. According to media reports, mining giant Vale is implementing across its global operations due to the continued decline in nickel prices. While the company has not revealed how many of its Sudbury, Ontario employees will be affected, it stated that the layoffs will mainly focus on “non-operating roles.” Nickel is vital to various industries and applications. Despite its relatively low profile, nickel is highly versatile, which makes it an essential component in many modern technologies and products. For example, nickel is a key alloying element in l, which is used in construction, transportation and consumer goods. It can also be used to create high-temperature alloys for aerospace, power generation and chemical processing. However, the most immediate reason for nickel’s prima donna status is its use in rechargeable batteries, such as nickel-cadmium (Ni-Cd) and nickel-metal hydride (NiMH) batteries, as well as in electronic components like switches, contacts and connectors. As electric vehicles become more popular in the West and other nations, nickel production and use continue to spike. Indonesia is planning to step on the gas pedal next year as far as production is concerned, as reports claim that its four major publicly listed nickel companies, PT Aneka Tambang (Antam), Merdeka Battery Materials (MBMA), Trimegah Bangun Persada (TBP Harita) and PT Vale Indonesia (Vale), are all in expansion mode. According to a report by the Institute for Energy Economics and Financial Analysis, these firms want to within the next 5 years. Last year, these four companies produced 353,000 tons of nickel. At the same time, they generated 5 million tonnes of greenhouse gas emissions. Indonesia managed to jockey itself into the number one position by implementing a ban on unprocessed nickel ore exports in 2020. Still, processing nickel for EV batteries carries a considerable environmental and carbon footprint. By Sohrab DarabshawLEIPZIG, Germany (Reuters) – Aston Villa’s super sub Jhon Duran made yet another case to be included in manager Unai Emery’s starting line-up with his blistering strike in Villa’s 3-2 victory over RB Leipzig in the Champions League on Tuesday. The Colombian’s impact was instantly felt when he came on after the break and his rocket from about 30 metres out that soared over goalkeeper Peter Gulacsi’s head was his sixth goal off the bench this season — the most by any player in Europe’s big-five leagues in 2024-25. Ollie Watkins usually starts over Duran and, when asked if a hungry young player such as Duran had put pressure on him to start, Emery said, “Of course, sometimes he is very impassioned and we have to try and keep balance with him. “But today he played fantastic. He scored one goal, scored a second goal that was offside. He worked, and we are trying to get the team strong with a tactical approach. “His potential is massive. Tactically he is improving and today he played a fantastic 45 minutes.” Duran said he relished the competition for places. “I am just happy to be here and love the competition with Ollie Watkins,” he said. “When it is my turn hopefully I can step up and help the team.” Duran, who turns 21 on Friday, was asked how he might spend his birthday. “I am definitely not going out to celebrate my birthday because my aim is to score on Saturday (in a Premier League game at Nottingham Forest) to celebrate,” he laughed. Villa are provisionally third in the Champions League table in their first campaign in Europe’s elite competition in 41 years. With two games left of the league phase, they need just a win over either Monaco or Celtic to clinch a top-eight spot and advance directly to the last 16, avoiding a play-off. (Reporting by Lori Ewing; editing by Clare Fallon) Disclaimer: This report is auto generated from the Reuters news service. 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NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Dentsply Sirona Inc. (NASDAQ: XRAY) between December 1, 2022 and November 6, 2024 , both dates inclusive (the "Class Period"), of the important January 27, 2025 lead plaintiff deadline. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

Pisces Daily Horoscope Today, Dec 30, 2024 predicts new responsibilitiesIn first contacts, US officials urge Syrian rebels to support inclusive government

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MEDIROM Healthcare Technology‘s Subsidiary, MEDIROM MOTHER Labs, Raises an Aggregate Total of ...

A review of the large mysterious in recent weeks has shown many are actually manned aircraft being flown lawfully, a White House official said on Thursday. John Kirby, the White House national security spokesman, said there were no reported sightings in any restricted airspace. He added that the US Coast Guard had not uncovered any foreign involvement from coastal vessels. “We have no evidence at this time that the reported drone sightings pose a national security or a public safety threat, or have a foreign nexus,” Kirby said, echoing statements from the Pentagon and New Jersey’s governor, Phil Murphy. Separately on Thursday, one US senator called for mysterious drones spotted flying over sensitive areas in New Jersey and other parts of the mid-Atlantic region to be “shot down, if necessary”, even as it remains unclear who owns them. “We should be doing some very urgent intelligence analysis and take them out of the skies, especially if they’re flying over airports or military bases,” said Senator Richard Blumenthal, a Democrat of Connecticut, on Thursday as concerns about the drones spread across Capitol Hill. The drones appear to avoid detection by traditional methods such as helicopter and radio, according to a state lawmaker briefed on Wednesday by the Department of Homeland Security. In a post on the social media platform X, the assemblywoman Dawn Fantasia described the drones as up to 6ft (1.8 meters) in diameter and sometimes traveling with their lights switched off. The Morris county Republican was among several state and local lawmakers who met with state police and homeland security officials to discuss the spate of sightings that range from the area through and westward into parts of , including over Philadelphia. The devices did not appear to be being flown by hobbyists, Fantasia wrote. Dozens of mysterious night-time flights started last month and have raised growing concern among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a US military research and manufacturing facility; and over Donald Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration (FAA) regulations and flight restrictions. Operators must be certified by the FAA. Most, but not all, of the drones spotted in New Jersey were larger than those typically used by hobbyists. The number of sightings has increased in recent days, though officials say many of the objects seen may have been planes rather than drones. It is also possible that a single drone has been reported more than once. Murphy and law enforcement officials have stressed that the drones do not appear to threaten public safety. The FBI has been investigating and has asked residents to share any videos, photos or other information they may have. Two Republican Jersey Shore-area congressmen, Chris Smith and Jeff Van Drew, have called on the military to shoot down the drones. Smith said a coastguard commanding officer briefed him on an incident over the weekend in which a dozen drones followed a motorized coastguard lifeboat “in close pursuit” near Barnegat Light and Island Beach state park in Ocean county. Lt Luke Pinneo with the US Coast Guard told the Associated Press on Wednesday “that multiple low-altitude aircraft were observed in vicinity of one of our vessels near Island Beach state park”. The aircraft were not perceived as an immediate threat and did not disrupt operations, Pinneo said. The coastguard is assisting the FBI and state agencies in investigating. In a letter to the defense secretary, Lloyd Austin, Smith called for military help dealing with the drones, noting that Joint Base McGuire-Dix-Lakehurst had the capability “to identify and take down unauthorized unmanned aerial systems”. However, a Pentagon spokesperson, Sabrina Singh, told reporters on Wednesday that “our initial assessment here is that these are not drones or activities coming from a foreign entity or adversary”. On Tuesday, the senators of New York and New Jersey a letter to the homeland security department, the Federal Aviation Administration and the FBI, demanding a briefing on the drone sightings as soon as possible. In the joint letter, Senators Kirsten Gillibrand, Chuck Schumer, Cory Booker and Andy Kim urged the government agencies to “brief us as soon as possible on how your agencies are working with federal and local law enforcement to identify and address the source of these incursions”. “In addition to potential privacy concerns raised by these aerial systems, we are also especially concerned about how these drones may harm public safety,” they said. Meanwhile Illinois’s Democratic representative, Raja Krishnamoorthi, to NewsNation on Wednesday that he thought China might be conducting the drones in the US. “It’s a non-trivial chance ... It’s definitely a possibility, and the likelihood that they can then access data that is collected by these drones is very high,” he said. “You can easily imagine a situation where these drones are flying over sensitive sites in the DC airspace,” he added, referring to Chinese-made drones. Many municipal lawmakers have called for more restrictions on who is entitled to fly the unmanned devices. At least one state lawmaker proposed a temporary ban on drone flights in the state. “This is something we’re taking deadly seriously. I don’t blame people for being frustrated,” Murphy said earlier this week. A spokesperson for the Democratic governor said he did not attend Wednesday’s meeting. The Republican assemblyman Erik Peterson, whose district includes parts of the state where the drones have been reported, said he also attended Wednesday’s meeting at a state police facility in West Trenton. The session lasted for about 90 minutes. Peterson said DHS officials were generous with their time, but appeared dismissive of some concerns, saying not all the sightings reported had been confirmed to involve drones. So who or what is behind the flying objects? Where are they coming from? What are they doing? “My understanding is [officials] have no clue,” Peterson said.

President-elect Donald Trump mocked First Lady Jill Biden for a second time by sharing a photo from their conversation in Paris’ Notre Dame Cathedral . The photo was taken at the reopening of the famed cathedral last weekend, when the two exchanged polite conversation as they sat near one another during the ceremony. Trump shared a meme on Truth Social with the “rolling on the floor laughing” and “smiling face with heart eyes” emojis. “Get you someone who looks at you like Jill looks at Trump,” it said. “Jill was very nice,” Trump posted late Wednesday night alongside the meme. “A great conversation!” He previously trolled the first lady by using the opportunity to flog his perfume and cologne line. Trump posted the ad for “Trump Perfumes & Colognes” on Truth Social, alongside a picture of him and Biden chatting in the French capital. The photo’s caption read: “A fragrance your enemies can’t resist!” The president-elect’s “official” fragrance line describes itself as “for patriots who never back down, like President Trump.” The “Trump for Men” cologne and “Trump for Women” perfume both sell for $199, according to the website . The president-elect is also offering a buy one, get one 50 percent off sale. Biden , meanwhile, shared a selection of images from the ceremony on her official Instagram page, including a photo of her pictured with French President Emmanuel Macron and the first lady of France, Brigitte. “To hear the organ play and the choirs sing once again in the halls of the Cathedral of Notre-Dame will be a moment I never forget,” the first lady said . Back on home soil, Trump was named Time’s Person of the Year for a second time on Thursday morning. He celebrated this latest honor by delivering a brief speech and ringing the opening bell at the New York Stock Exchange. After surviving an assassination attempt in Butler, Pennsylvania, “he beat not one but two Democratic opponents, swept all seven swing states, and became the first Republican to win the popular vote in 20 years. He has realigned American politics, remaking the GOP and leaving Democrats reckoning with what went awry,” the magazine wrote. “If America was craving change, it is about to see how much Trump can deliver.”

In a fiery Bucharest derby, Rapid București and Dinamo București battled to a goalless draw in Romanian Superliga Round 21 at the Stadionul Arcul de Triumf. Despite the lack of goals, the match delivered drama, including late red cards for Christopher Braun and Raul Opruț. Dinamo had the upper hand in possession (59%) and total shots (7), but neither side could break the deadlock. Aaron Boupendza rattled the crossbar early, while Denis Politic and Cătălin Cîrjan came close for Dinamo. Rapid goalkeeper Marian Aioani produced a stunning save to deny Politic in the first half. The second half saw fewer chances but heightened tensions. Deep into stoppage time, Braun and Opruț were dismissed after a heated altercation. Moments later, Rapid’s Nicolae Micovschi was brought down by Olsen during a potential match-winning break, but referee Marian Barbu opted for a yellow card. The draw leaves Rapid in eighth place, two points shy of the playoff spots, while Braun faces suspension. Rapid will look to regroup in January as they host Politehnica Iași and Universitatea Craiova.

Pre-Money Valuation of JPY9 Billion is Approximately Multiples of Current Parent Company Market Capitalization. Strategic Investors Further Validation of Technology and Growth Potential. Further Commercialization with Recent 25,000 Unit Order from B2B Sales Channel. TOKYO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) announces that its subsidiary MEDIROM MOTHER Labs Inc. raised to date an aggregate total of 260.3 million yen (approximtaely USD $ [1.7] million calculated at an exchange rate of JPY[153.64] to US$1) at a pre-money equity valuation of JPY9 billion (approximately USD $ [58.6] million calculated at an exchange rate of JPY[153.64] to US$1) in its Series A equity financing. NFES Technologies Inc. is the lead investor in the financing round, and several public companies in Japan, including M3, Inc. (TOKYO PRIME: 2413) and Elematec Corporation (TOKYO PRIME: 2715), as well as certain individual investors are also participating. The Series A equity financing round is still ongoing. MEDIROM MOTHER Labs has closed financings with six investors to date and intends to conclude the financing round by December 31, 2024. “We are very excited that our MEDIROM MOTHER Labs subsidiary has received such significant validation from strategic partners as our lead investor NFES Technologies Inc. as well as M3,Inc and Elematec Corporation. The pre money valuation of 9 billion yen is approximately multiples of MEDIROM’s current NASDAQ listing market capitalization which I believe further validates our technology, business model and growth potential.” said Kouji. The MOTHER Bracelet® is currently in commercialization. From July 1, 2024 through October 31, 2024, MEDIROM MOTHER Labs received purchase orders for an aggregate of over 25,000 units from its B2B sales channel. “We believe the MOTHER Bracelet® to be the world’s first fitness tracker that requires no electric charging by utilizing an innovative technology that enables the user’s body heat to generate electricity. We co-developed it with Matrix Industries, based in Silicon Valley and believe its features are cutting-edge technology with rich features and ease of use to track fitness levels, sleep patterns, pulse and body temperature We will continue to target markets such as hospitals, nursing homes and gyms, where such data is vital,” said Yoshio Uekusa, CEO of MEDIROM MOTHER Labs. ABOUT MEDIROM MOTHER Labs Inc. A subsidiary of MEDIROM Healthcare Technologies Inc. (NASDAQ: MRM) (“MEDIROM”), MEDIROM Mother Labs Inc. focuses on the health-tech sector. The company’s core activities include the "Specific Health Guidance Program" offered through the "Lav" health application and development and sales of the 24/7 recharge-free MOTHER Bracelet®︎ smart tracker. By leveraging the features of the recharge-free MOTHER Bracelet®︎, MOTHER Labs offers customizable health management solutions across diverse sectors, including caregiving, logistics, manufacturing, and similar industries. Forward-Looking Statements Regarding MEDIROM and MOTHER Labs 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 MEDIROM’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 MEDIROM’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause MEDIROM’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 MEDIROM’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects MEDIROM’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to MEDIROM’s operations, results of operations, growth strategy and liquidity. Some of the factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this press release include: MEDIROM’s ability to achieve its development goals for its business and execute and evolve its growth strategies, priorities and initiatives; MEDIROM Mother Labs’s ability to close its Series A equity financing on the anticipated timeline or at all; MEDIROM’s ability to collaborate in the anticipated manner; changes in Japanese and global economic conditions and financial markets, including their effects on MEDIROM’s expansion in Japan and certain overseas markets; MEDIROM’s ability to increase sales of the MOTHER Bracelet and achieve and sustain profitability in its Digital Preventative Healthcare Segment; the fluctuation of foreign exchange rates, which affects MEDIROM’s expenses and liabilities payable in foreign currencies; MEDIROM’s ability to maintain and enhance the value of its brands and to enforce and maintain its trademarks and protect its other intellectual property; MEDIROM’s ability to raise additional capital on acceptable terms or at all; MEDIROM’s level of indebtedness and potential restrictions on MEDIROM under MEDIROM’s debt instruments; changes in consumer preferences and MEDIROM’s competitive environment; MEDIROM’s ability to respond to natural disasters, such as earthquakes and tsunamis, and to global pandemics, such as COVID-19; and the regulatory environment in which MEDIROM operates. More information on these risks and other potential factors that could affect MEDIROM’s business, reputation, results of operations, financial condition, and stock price is included in MEDIROM’s filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors” and “Operating and Financial Review and Prospects” sections of MEDIROM’s most recently filed periodic report on Form 20-F and subsequent filings, which are available on the SEC website at www.sec.gov . MEDIROM assumes no obligation to update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ from those anticipated in these forward-looking statements, even if new information becomes available in the future. MEDIROM Healthcare Technologies Inc. NASDAQ Symbol: MRM Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan Web https://medirom.co.jp/en Contact: ir@medirom.co.jp MEDIROM MOTHER Labs Inc. Tradepia Odaiba, 2-3-1 Daiba, Minato-ku, Tokyo, Japan For more information visit: https://mother-bracelet.comTuesday, December 24, 2024 LATAM Airlines Group has emerged as the most sustainable airline in the Americas and ranks fifth globally, according to the December 2024 Corporate Sustainability Assessment (CSA) by S&P Global (formerly Standard & Poor’s). In the latest evaluation, LATAM achieved an impressive 67 points across social, environmental, and economic dimensions, marking a 3-point increase from the previous year. This places the airline ahead of most global competitors, with only a handful of Asian carriers achieving higher scores. The results underscore LATAM’s dedication to embedding sustainability as a core pillar of its operations, setting a benchmark for the aviation industry both regionally and internationally. This achievement also marks LATAM’s return to the prestigious Dow Jones Sustainability Index (DJSI) after a five-year absence. The gap was due to the airline’s reorganization under Chapter 11 of the United States Bankruptcy Code. Now reinstated, LATAM is a member of both the Chilean DJSI and the MILA Pacific Alliance Index, which recognizes outstanding companies across Chile, Colombia, and Peru. LATAM’s consistent efforts to align its business practices with global sustainability standards have cemented its position as a leader in responsible aviation. Its focus on environmental stewardship, community engagement, and economic resilience reflects a clear commitment to shaping a sustainable future for air travel. Roberto Alvo, CEO of the LATAM Airlines Group, stated: “LATAM group has set out to work on sustainability from a wide and crosscutting perspective, while continuing to connect and transport its passengers. We are pleased to see that the path it has laid out is being highly fruitful today; however, it is convinced that there is still much to be done. It will continue working consistently to move forward in the roadmap towards net-zero emissions, incorporating a circular economic model, and generating value to the communities where the group operates,” said Roberto Alvo, CEO of LATAM Airlines Group. LATAM Airlines Group continues to make significant progress in sustainability, guided by its strategic roadmap centered on three key pillars: Climate Change, Circular Economy, and Shared Value. These targets include achieving net zero emissions by 2050, eliminating single-use plastics from operations, reaching zero landfill waste by 2027, and fostering community collaboration through its flagship “Solidarity Plane” program, which offers free cargo and passenger transport. Since 2020, LATAM has offset more than 1.9 million tons of CO2 while actively supporting the preservation of over 300,000 hectares of Colombia’s flooded savannas, a critical ecosystem known for its exceptional CO2 absorption capacity. The group has also achieved a remarkable 97% reduction in single-use plastics across its operations, equivalent to over 1,700 tons. Through the “Solidarity Plane” initiative, LATAM has provided free transportation for more than 6,600 passengers and 779 tons of cargo since 2021. This program spans partnerships with over 50 organizations across five South American countries, including Teletón (a disabilities development campaign), Bomberos de Chile (Chile’s firefighting corps), and Coaniquem (a child burn support organization). These achievements align with a strong financial performance for LATAM. By the third quarter of 2024, the group successfully reduced its net leverage and achieved a liquidity position of $3.6 billion, bolstered by a 15% growth in passenger operations. Looking ahead, LATAM has outlined its projections for 2025, anticipating adjusted EBITDAR between $3.25 billion and $3.6 billion and passenger operation growth of 7–9% measured in available seat kilometers (ASK). LATAM Airlines Group’s consistent focus on sustainability and operational excellence underscores its commitment to a more responsible and prosperous future for aviation.

TEVCA launches as the first of its kind “Voice of Private Capital and Startups” in the Turkic & Eurasian regionRoblox Corp's general counsel sells $847,593 in stock

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