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The main contributors to the latest contraction included a 1.1% decline in retail. Photo: RNZ By Gyles Beckford of RNZ New Zealand's economy was in a deeper than expected recession in the middle of the year, with widespread contraction across many sectors. Stats NZ data shows gross domestic product, the broad measure of economic growth, fell 1% in the three months ended September, to be 1.5% lower than a year ago. Significant revisions to previous figures resulted in a fall of 1.1% in the June quarter, meeting the definition of technical recession. These were the biggest quarterly falls since late 2021 at the height of the Covid-19 pandemic and lockdowns, but excluding those the six monthly fall was the largest since mid-1991. However, previous negative readings for 2022/23 have largely disappeared. Stats NZ said extra data had shown a different performance of the economy. "The data incorporated this year shows stronger growth over the last year, followed by two significant falls in the latest quarters," spokesperson Jason Attewell said. Short, sharp recession The big falls in the June and September quarters were the biggest quarterly drops since late 2021 at the height of the pandemic and lockdowns. But excluding those the six-monthly fall was the largest since mid-1991. The main contributors to the latest contraction were a 2.6% fall in manufacturing, 3.7% in electricity and gas, 2.8% drop in construction and 1.1% decline in retail. The fall in manufacturing in part reflected the energy crunch in mid-winter which forced some businesses to reduce or halt production. The growth spots were agriculture on the back of the strong dairy production, information and technology, and rental and real estate industries. Individual shares of the economy shrank again, by 1.2% during the quarter, the eighth consecutive quarterly fall. The latest GDP reading is expected to be the low point of the recent economic cycle, with falling interest rates expected to give a spark to household spending and business investment. Forecasts are for tepid but positive growth from the end of this year picking up pace in the second half of next year to average 2-3% over the next few years. New Zealand's economic activity was the weakest of all its major trading partners.Taiwan Semiconductor Manufacturing Company (TSMC) has emerged victorious in a crucial battle by securing orders that could potentially surpass the 3nm process threshold. This significant milestone underscores TSMC's leadership in advanced semiconductor manufacturing and its ability to stay ahead in the fierce competition within the industry.
Arch Manning pitched as LSU’s Bryce Underwood backup plan for Tigers head football coach Brian Kelly to avoid firing | Sporting NewsMinisters said an extra £15 million will be made available for supply chain businesses and workers affected by changes at Tata’s Port Talbot site in south Wales. Welsh Secretary Jo Stevens said the move means a fund to support businesses across Wales heavily reliant on Tata steel will be increased to £30 million. She also announced that more businesses will be able to apply for the funds, and the value of individual grants is increasing to up to £250,000 for businesses to invest in equipment, property, technology. The Government said there has been “significant demand” on the existing funding, with almost 40 businesses employing 2,000 people having begun the application process. Grants worth millions of pounds are expected to be released in the new year. The increase in funding is in anticipation of more people leaving Tata in early 2025 through the company’s voluntary redundancy scheme. Ms Stevens said: “This Government is acting decisively to support workers and businesses in Port Talbot. “We are doubling the funding available to businesses and workers and widening access to grants to ensure we support as many people as possible. “In just four months we have announced more than £40 million in investment. We said we would back workers and businesses affected by the transition at Port Talbot and we are doing exactly that. “While this remains a very difficult time for Tata workers, their families and the community, we are determined to support workers and businesses in our Welsh steel industry, whatever happens.”
More funds to support steel workers and businessesEA to Present at the Nasdaq 51st Investor ConferenceThe winds of change are blowing strong at FC Barcelona, with the club once again flexing its financial muscle to secure its future. In a bold move, the Catalan giants have announced the pre-sale of VIP boxes at the Camp Nou, projecting an impressive revenue of 1 to 2 billion euros over the next two decades. This strategic initiative comes as part of the club's broader efforts to revitalize its finances and strengthen its position in the world of football.
European markets open higher in shortened session ahead of Christmas; Novo Nordisk resumes recoveryManitoba’s official gift shop is the size of a walk-in closet, but it’s stocked with hundreds of items targeted at tourists and others, be they politicians or members of the public, in search of a last-minute and locally made present. Read this article for free: Already have an account? To continue reading, please subscribe: * Manitoba’s official gift shop is the size of a walk-in closet, but it’s stocked with hundreds of items targeted at tourists and others, be they politicians or members of the public, in search of a last-minute and locally made present. Read unlimited articles for free today: Already have an account? Manitoba’s official gift shop is the size of a walk-in closet, but it’s stocked with hundreds of items targeted at tourists and others, be they politicians or members of the public, in search of a last-minute and locally made present. The Golden Boy Gift Shop is located underneath its iconic statue-namesake, tucked in the corner of the lobby of the legislative building at 450 Broadway. “It’s the people’s building — the people of Manitoba. This is their building and this is their government, so we should be showcasing Manitoba artisans’ work or Manitoba companies, over and above anybody else,” said acting manager Cheryl Gilfix-Bird. Among the products that line the shelves and racks: condiments from Grand Marais-based Canadian Birch Company; wooden coasters and trinkets from Oakbank’s Zealousdecor; sashes from Métis-owned Étchiboy; pottery by Lorette artist Susan Gurman; and hand-painted keychains and earrings via Bloom Moon Designs of Selkirk. Gilfix-Bird said her preference is to sell goods created by Manitoba creators and companies, which account for the majority of stock, but that is not always possible so the shop sources everything from Canadian-owned businesses. Purchases are often accompanied by a card detailing their origins and, if applicable, such as in the case of the Manitoba tartan, their historical significance. Ties, scrunchies and scarves made of red, green, gold and blue-patterned plaid — a design by Hugh Kirkwood Rankine that was added to the Scottish Register of Tartans in the ’60s and received royal assent to become an official emblem in Manitoba that decade — are for sale. “The red squares of the pattern represent the Red River Settlements, near what is now Winnipeg,” per an information card about the provincial tartan. It states that green is symbolic of local natural resources, gold is a reference to the agriculture industry, and blue represents the Earl of Selkirk, Thomas Douglas, whose Scottish family clan tartan has blue lines. Every new shop employee participates in a tour of the legislature to orient themselves and learn about the history of Manitoba, Gilfix-Bird said, adding customers often have questions about items and the grounds on which they are sold. “The best-(seller)? I think that it’s not a product. It’s everything that has a polar bear on it,” said Daniela Sanchez Ramirez, a retail employee at the gift shop. Sanchez Ramirez, who is originally from Colombia, said foreigners are often keen to take home a souvenir displaying Manitoba’s ceremonial mammal, whether it’s in the form of a stuffed animal, pin, pair of earrings or on a mug. The sales associate has been asked if polar bears can be spotted roaming city streets, she noted, followed by a chuckle. The summer is typically the shop’s busiest season, given the sheer number of tourists who stop by for free tours that often start and end near the gift shop. Busier periods correspond with the legislative session, the acting manager said. At the same time, Gilfix-Bird noted it’s a fairly unknown shop that, in line with historic landlord protocols, does not have any flashy advertising; she and her colleagues often hear from first-time shoppers who are surprised to learn they exist and the range of products in stock. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. The employee team began bolstering the shop’s social media presence this fall. The shop, which operates five days a week, year-round and offers free gift-wrapping, will be open on Christmas Eve from 10 a.m. to 4 p.m. Its upcoming holiday closures are Christmas Day, Boxing Day and New Year’s Day. Prices range from $1 to $400, although the majority of products are under $50. maggie.macintosh@freepress.mb.ca Maggie Macintosh reports on education for the . Originally from Hamilton, Ont., she joined the newsroom as a reporter in 2019. . Funding for the education reporter comes from the Government of Canada through the . Every piece of reporting Maggie produces is reviewed by an editing team before it is posted online or published in print — part of the ‘s tradition, since 1872, of producing reliable independent journalism. Read more about , and . Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider . Our newsroom depends on its audience of readers to power our journalism. Thank you for your support. Maggie Macintosh reports on education for the . Originally from Hamilton, Ont., she joined the newsroom as a reporter in 2019. . Funding for the education reporter comes from the Government of Canada through the . Every piece of reporting Maggie produces is reviewed by an editing team before it is posted online or published in print — part of the ‘s tradition, since 1872, of producing reliable independent journalism. Read more about , and . Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider . Our newsroom depends on its audience of readers to power our journalism. Thank you for your support. Advertisement AdvertisementThe experiences of Guardiola and Van de Beek highlight the complexities and uncertainties that come with being a younger brother in the football world. While Guardiola’s invitation from Girona showcases the respect and admiration that he commands, it also underscores the difficulty of leaving behind a successful project for a new challenge. Similarly, Van de Beek’s struggles at Manchester United serve as a reminder of the fierce competition and high expectations that young players face when playing for a top club.Title: A Dream Written with One Hand - Soul Card Game "Play on! Soul Heroes" Officially Released Today!
( MENAFN - Newsfile Corp) New York, New York--(Newsfile Corp. - December 29, 2024) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of ordinary shares of ASML Holding N.V. (NASDAQ: ASML) between January 24, 2024 and October 15, 2024, both dates inclusive (the "Class Period"), of the important January 13, 2025 lead plaintiff deadline. SO WHAT: If you purchased ASML ordinary shares during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the ASML class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email ... for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 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, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. 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 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. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the issuers being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged; (3) defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, defendants' statements about ASML's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the ASML class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email ... for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: , on Twitter: or on Facebook: . 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 ... To view the source version of this press release, please visit SOURCE: The Rosen Law Firm PA MENAFN29122024004218003983ID1109040018 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
In a thrilling turn of events, renowned actor YIN Ziwei has been officially confirmed to make a special appearance in the highly anticipated film "The Accidental Killing 3." This exciting news has sent shockwaves through the entertainment industry, sparking intrigue and anticipation among fans and critics alike.AP Sports SummaryBrief at 6:24 p.m. EST
SUNNYVALE, CA / ACCESSWIRE / December 23, 2024 / TechStar Acquisition Corporation, a special purpose acquisition company listed in Hong Kong, announced that it entered a Business Combination Agreement with Seyond, a solution provider of high fidelity, high-performance LiDAR and intelligent sensing systems. Upon completion of the merger, Seyond is expected to be successfully listed on the Hong Kong Stock Exchange. The agreed valuation for this De-SPAC transaction is 11.7 billion Hong Kong dollars. Additionally, Seyond has introduced three PIPE investors with a cumulative investment of approximately 553.1 million Hong Kong dollars. Previously, Seyond has garnered investments from a host of prestigious institutions, including NIO Capital, Temasek, ERVC, Gaorong Ventures, Joy Capital, BAI Capital, Shunwei Capital, and Guotai Junan Venture Capital, among others. Established in 2016, Seyond specializes in providing automotive-grade LiDAR solutions for autonomous driving and a variety of automotive and non-automotive applications. As the first company to achieve mass production of automotive-grade high-performance LiDAR, Seyond ranked first globally in sales revenue of passenger car LiDAR solutions in 2022 and 2023. Rigorously tested with proven automotive-grade reliability and lifetime, Falcon, the flagship 1550nm LiDAR sensor for high-level autonomous driving, is mass-produced, with over 400,000 units delivered globally. Additionally, Seyond achieved a design win for its 905nm wavelength LiDAR products with a leading new energy automotive OEM, becoming the only company in the LiDAR industry with mass production experience in both 1550nm and 905nm products. In addition to the automotive market, Seyond is strategically expanding into the robotic and intelligent transportation markets with combined revenue opportunities of over USD 260 billion globally by 2031, aiming to create a more substantial revenue scale. Seyond is looking forward to embarking on this exciting new journey with its investors, partners, and customers. On January 7-10, the company will exhibit its latest technology at CES 2025 in Las Vegas, Nevada. Attendees visiting Booth #5060 will learn how Seyond's LiDAR solutions power intelligent systems worldwide. About Seyond SeyondTM is a global leader in high fidelity LiDAR solutions, powering a safer, smarter and more mobile world across the automotive, intelligent transportation, robotics and infrastructure industries. Seyond delivers a dynamic portfolio of robust, high resolution LiDAR sensors, perception software, and the Seyond ITS Management Platform (SIMPL). Founded in Silicon Valley with a global footprint, Seyond is dedicated to the highest quality engineering and manufacturing, and unwavering commitment to our customers. About TechStar TechStar is a special purpose acquisition company incorporated for the purpose of effecting a business combination with one or more businesses, with efforts concentrated on companies in new economy sectors, including but not limited to innovative technology, advanced manufacturing, healthcare, life sciences, culture and entertainment, consumer and e-commerce, green energy and climate actions industries. TechStar completed an offering comprising 100,100,000 TechStar Class A Shares at an offer price of HK$10.00 per TechStar Class A Share and 50,050,000 TechStar Listed Warrants on December 23, 2022. CONTACT: Name: Sally Frykman Email: sally.frykman@seyond.com SOURCE: Seyond View the original on accesswire.com
In 2006, the football world witnessed a significant event - Lionel Messi, also known as "Lionel Andrés Messi", was not selected for the first time in 18 years. This unexpected occurrence created a stir in the football community as Messi had been a dominant force in the sport for well over a decade. The year 2006 was a memorable one in the world of football for various reasons, with Italy clinching the FIFA World Cup and Barcelona asserting their dominance in European football.By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70