LAKE MINNETONKA, Minn. — This winter is already shaping up to be colder and icier than last winter and that's a good thing for ice fishing. Mason Koonce is happy the temperature's dropped so low because his business depends on it. He's an ice fishing guide on Lake Minnetonka who owns Tonka Ice House Rentals. Koonce journeyed out onto the lake Thursday to measure the thickness of the ice . At 8 to 9 inches, he says it's not ready yet for pulling an ice house out. He's only comfortable with at least a foot, and that's using an ATV, not a car. "If the temperatures keep trending in the right direction, we should have a good, long winter," he said. Koonce says last year he was only able to rent out ice houses for one week the entire winter. In a normal winter, he says it's normally at least two months. "People were very scared last year. They were very cautious last year," Koonce said. "This year, I've noticed a lot of the customers, or potential customers, are a lot more optimistic and excited about ice fishing." Nick Skallerud from Medina stopped by the Carson's Bay boat launch to test the ice himself. "It looks pretty solid, and I can see way out where other people have been drilling some holes," he said. "It's looking pretty good and should be even better after today." Koonce says you'll want at least 4 or 5 inches of ice to walk on the lake, but the Department of Natural Resources reminds us that no ice is ever 100% safe. Cloudy ice can also be significantly weaker than clear ice. David joined the WCCO team in April 2020, previously working at CBS 58 in Milwaukee. Prior to that, he worked in Las Vegas. While there, David covered several stories in the national spotlight, including the October 1 mass shooting and political visits from President Barack Obama and candidates Donald Trump and Hillary Clinton.Bell Capital Cup debuts sledge hockey division for children with disabilities
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Fruster scores 15, Eastern Illinois beats Blackburn 99-55MADRID (AP) — Getafe scored twice in three minutes midway through the second half to beat struggling Valladolid 2-0 and record only its second win in La Liga on Friday. The victory ended Getafe’s five-game winless run and lifted it into 15th place in the 20-team standings. Valladolid remained second to last. In the buildup to the match, Getafe sporting director Rubén Reyes described the game as a final but his team was lucky not to go behind as Valladolid created more of the early chances. However, the home side took control in the 69th minute when substitute Álvaro Rodríguez got the opener. Three minutes later, man of the match Allan Nyom made it 2-0. “There’s been a lot of games where we’ve run and fought but lost or drawn,” Nyom, the veteran Cameroon full back, said. “A game that reflects the effort we’ve put in in training is very welcome.” Adding to Valladolid’s woes, coach Paulo Pezzolano was sent off before halftime. The Uruguayan has the league’s worst disciplinary record, with seven yellow cards before Friday’s red. AP soccer: https://apnews.com/hub/soccer
SEOUL, South Korea (AP) — The president of South Korea early Wednesday lifted the martial law he imposed on the country hours earlier, bending to political pressure after a tense night in which troops surrounded parliament and lawmakers voted to reject military rule. President Yoon Suk Yeol, who appeared likely to be impeached over his actions, imposed martial law late Tuesday out of frustration with the opposition, vowing to eliminate “anti-state” forces as he struggles against opponents who control parliament and that he accuses of sympathizing with communist North Korea. Police and military personnel were seen leaving the grounds of parliament following the bipartisan vote to overrule the president, and the declaration was formally lifted around 4:30 a.m. during a Cabinet meeting. Parliament acted swiftly after martial law was imposed, with National Assembly Speaker Woo Won Shik declaring that the law was “invalid” and that lawmakers would “protect democracy with the people.” In all, martial law was in effect for about six hours. The president’s surprising move harkened back to an era of authoritarian leaders that the country has not seen since the 1980s, and it was immediately denounced by the opposition and the leader of Yoon’s own conservative party. Lee Jae-myung , leader of the liberal Democratic Party, which holds the majority in the 300-seat parliament, said the party’s lawmakers would remain in the Assembly’s main hall until Yoon formally lifted his order. Woo applauded how troops quickly left the Assembly after the vote. “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military,” Woo said. While announcing his plan to lift martial law, Yoon continued to criticize parliament’s attempts to impeach key government officials and senior prosecutors. He said lawmakers had engaged in “unscrupulous acts of legislative and budgetary manipulation that are paralyzing the functions of the state.” Jo Seung-lae, a Democratic lawmaker, claimed that security camera footage following Yoon’s declaration showed that troops moved in a way that suggested they were trying to arrest Lee, Woo and even Han Dong-hoon, the leader of Yoon’s People Power Party. Officials from Yoon’s office and the Defense Ministry did not respond to requests for comment early Wednesday. Seemingly hundreds of protesters gathered in front of the Assembly, waving banners and calling for Yoon’s impeachment. Some protesters scuffled with troops ahead of the lawmakers’ vote, but there were no immediate reports of injuries or major property damage. At least one window was broken as troops attempted to enter the Assembly building. One woman tried unsuccessfully to pull a rifle away from one of the soldiers, while shouting “Aren’t you embarrassed?” Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to maintain peace and order. It was questionable whether South Korea is currently in such a state. When martial law is declared, “special measures” can be employed to restrict freedom of press, freedom of assembly and other rights, as well as the power of courts. The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote. Following Yoon’s announcement of martial law, South Korea’s military proclaimed that parliament and other political gatherings that could cause “social confusion” would be suspended, South Korea’s Yonhap news agency said. The military said anyone who violated the decree could be arrested without a warrant. In Washington, the White House said the U.S. was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government. Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 U.S. service members based in South Korea. The South Korean military also said that the country’s striking doctors should return to work within 48 hours, Yonhap said. Thousands of doctors have been striking for months over government plans to expand the number of students at medical schools. Soon after martial law was declared, the parliament speaker called on his YouTube channel for all lawmakers to gather at the National Assembly. He urged military and law enforcement personnel to “remain calm and hold their positions. All 190 lawmakers who participated in the vote supported the lifting of martial law. At one point, television footage showed police officers blocking the entrance of the National Assembly and helmeted soldiers carrying rifles in front of the building. An Associated Press photographer saw at least three helicopters, likely from the military, that landed inside the Assembly grounds, while two or three helicopters circled above the site. The leader of Yoon’s conservative party called the decision to impose martial law “wrong.” Lee, who narrowly lost to Yoon in the 2022 presidential election, said Yoon’s announcement was “illegal and unconstitutional.” Yoon said during a televised speech that martial law would help “rebuild and protect” the country from “falling into the depths of national ruin.” He said he would “eradicate pro-North Korean forces and protect the constitutional democratic order.” “I will eliminate anti-state forces as quickly as possible and normalize the country,” he said, while asking the people to believe in him and tolerate “some inconveniences.” Yoon — whose approval rating dipped in recent months — has struggled to push his agenda against an opposition-controlled parliament since taking office in 2022. His party has been locked in an impasse with the liberal opposition over next year’s budget bill. The opposition has also attempted to impeach three top prosecutors, including the chief of the central Seoul prosecutors’ office, in what the conservatives have called a vendetta against their criminal investigations of Lee, who has been seen as the favorite for the next presidential election in 2027 in opinion polls. During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. Yoon has taken a hard line on North Korea over its nuclear ambitions, departing from the policies of his liberal predecessor, Moon Jae-in, who pursued inter-Korean engagement. Yoon has also dismissed calls for independent investigations into scandals involving his wife and top officials, drawing quick, strong rebukes from his political rivals. Yoon’s move was the first declaration of martial law since the country’s democratization in 1987. The country’s last previous martial law was in October 1979, following the assassination of former military dictator Park Chung-hee. Sydney Seiler, Korean chair at the Center for Strategic and International Studies, argued that the move was symbolic for Yoon to express his frustration with the opposition-controlled parliament. “He has nothing to lose,” said Seiler, comparing Yoon’s move to the Hail Mary pass in American football, with a slim chance of success. Now Yoon faces likely impeachment, a scenario that was also possible before he made the bold move, Seiler said. Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy" that followed a “worrying trend of abuse” since he took office in 2022. South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, the country’s first female president, who was ousted from office and imprisoned for bribery and other crimes in 2017 . Associated Press writers Hyung-jin Kim in Seoul, South Korea, and Matt Lee, Didi Tang and Tara Copp in Washington contributed to this report.
NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Light & Wonder, Inc. LNW resulting from allegations that Light & Wonder may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Light & Wonder securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=29678 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On September 24, 2024, the Las Vegas Review-Journal published an article entitled "Slot manufacturer scores major win against Las Vegas-based rival." It stated that "Aristocrat Technologies Inc.'s request for a preliminary injunction in its trade-secret and copyright infringement lawsuit against Light & Wonder" had been granted, and that the "order prohibits [Light & Wonder] from the ‘continued or planned sale, leasing, or other commercialization of Dragon Train,' which Aristocrat claims uses intellectual property developed for its Dragon Link and Lightning Link games." On this news, the price of Light & Wonder common stock fell 19.49% on September 24, 2024. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.SEOUL, South Korea (AP) — The president of South Korea early Wednesday lifted the martial law he imposed on the country hours earlier, bending to political pressure after a tense night in which troops surrounded parliament and lawmakers voted to reject military rule. President Yoon Suk Yeol, who appeared likely to be impeached over his actions, imposed martial law late Tuesday out of frustration with the opposition, vowing to eliminate “anti-state” forces as he struggles against opponents who control parliament and that he accuses of sympathizing with communist North Korea. Police and military personnel were seen leaving the grounds of parliament following the bipartisan vote to overrule the president, and the declaration was formally lifted around 4:30 a.m. during a Cabinet meeting. Parliament acted swiftly after martial law was imposed, with National Assembly Speaker Woo Won Shik declaring that the law was “invalid” and that lawmakers would “protect democracy with the people.” In all, martial law was in effect for about six hours. The president’s surprising move harkened back to an era of authoritarian leaders that the country has not seen since the 1980s, and it was immediately denounced by the opposition and the leader of Yoon’s own conservative party. Lee Jae-myung , leader of the liberal Democratic Party, which holds the majority in the 300-seat parliament, said the party’s lawmakers would remain in the Assembly’s main hall until Yoon formally lifted his order. Woo applauded how troops quickly left the Assembly after the vote. “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military,” Woo said. While announcing his plan to lift martial law, Yoon continued to criticize parliament’s attempts to impeach key government officials and senior prosecutors. He said lawmakers had engaged in “unscrupulous acts of legislative and budgetary manipulation that are paralyzing the functions of the state.” Jo Seung-lae, a Democratic lawmaker, claimed that security camera footage following Yoon’s declaration showed that troops moved in a way that suggested they were trying to arrest Lee, Woo and even Han Dong-hoon, the leader of Yoon’s People Power Party. Officials from Yoon’s office and the Defense Ministry did not respond to requests for comment early Wednesday. Seemingly hundreds of protesters gathered in front of the Assembly, waving banners and calling for Yoon’s impeachment. Some protesters scuffled with troops ahead of the lawmakers’ vote, but there were no immediate reports of injuries or major property damage. At least one window was broken as troops attempted to enter the Assembly building. One woman tried unsuccessfully to pull a rifle away from one of the soldiers, while shouting “Aren’t you embarrassed?” Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to maintain peace and order. It was questionable whether South Korea is currently in such a state. When martial law is declared, “special measures” can be employed to restrict freedom of press, freedom of assembly and other rights, as well as the power of courts. The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote. Following Yoon’s announcement of martial law, South Korea’s military proclaimed that parliament and other political gatherings that could cause “social confusion” would be suspended, South Korea’s Yonhap news agency said. The military said anyone who violated the decree could be arrested without a warrant. In Washington, the White House said the U.S. was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government. Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 U.S. service members based in South Korea. The South Korean military also said that the country’s striking doctors should return to work within 48 hours, Yonhap said. Thousands of doctors have been striking for months over government plans to expand the number of students at medical schools. Soon after martial law was declared, the parliament speaker called on his YouTube channel for all lawmakers to gather at the National Assembly. He urged military and law enforcement personnel to “remain calm and hold their positions. All 190 lawmakers who participated in the vote supported the lifting of martial law. At one point, television footage showed police officers blocking the entrance of the National Assembly and helmeted soldiers carrying rifles in front of the building. An Associated Press photographer saw at least three helicopters, likely from the military, that landed inside the Assembly grounds, while two or three helicopters circled above the site. The leader of Yoon’s conservative party called the decision to impose martial law “wrong.” Lee, who narrowly lost to Yoon in the 2022 presidential election, said Yoon’s announcement was “illegal and unconstitutional.” Yoon said during a televised speech that martial law would help “rebuild and protect” the country from “falling into the depths of national ruin.” He said he would “eradicate pro-North Korean forces and protect the constitutional democratic order.” “I will eliminate anti-state forces as quickly as possible and normalize the country,” he said, while asking the people to believe in him and tolerate “some inconveniences.” Yoon — whose approval rating dipped in recent months — has struggled to push his agenda against an opposition-controlled parliament since taking office in 2022. His party has been locked in an impasse with the liberal opposition over next year’s budget bill. The opposition has also attempted to impeach three top prosecutors, including the chief of the central Seoul prosecutors’ office, in what the conservatives have called a vendetta against their criminal investigations of Lee, who has been seen as the favorite for the next presidential election in 2027 in opinion polls. During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. Yoon has taken a hard line on North Korea over its nuclear ambitions, departing from the policies of his liberal predecessor, Moon Jae-in, who pursued inter-Korean engagement. Yoon has also dismissed calls for independent investigations into scandals involving his wife and top officials, drawing quick, strong rebukes from his political rivals. Yoon’s move was the first declaration of martial law since the country’s democratization in 1987. The country’s last previous martial law was in October 1979, following the assassination of former military dictator Park Chung-hee. Sydney Seiler, Korean chair at the Center for Strategic and International Studies, argued that the move was symbolic for Yoon to express his frustration with the opposition-controlled parliament. “He has nothing to lose,” said Seiler, comparing Yoon’s move to the Hail Mary pass in American football, with a slim chance of success. Now Yoon faces likely impeachment, a scenario that was also possible before he made the bold move, Seiler said. Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy" that followed a “worrying trend of abuse” since he took office in 2022. South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, the country’s first female president, who was ousted from office and imprisoned for bribery and other crimes in 2017 . Associated Press writers Hyung-jin Kim in Seoul, South Korea, and Matt Lee, Didi Tang and Tara Copp in Washington contributed to this report.
Egyptian investments in Africa surpass $14bn: FMWomen more likely to need walking aids but less likely to use them – study
No. 21 Purdue aims to apply the brakes on a two-game skid when it hosts Toledo on Sunday in a nonconference game in West Lafayette, Ind. The Boilermakers (8-4) are returning home after coming up short in a pair of neutral-court contests against Southeastern Conference opponents. They dropped a 70-66 decision to then-No. 17 Texas A&M in the Indy Classic on Dec. 14 and an 87-69 setback to then-No. 2 Auburn in the Battle in Birmingham on Dec. 21. "You want to play a great schedule to figure your team out, figure out what you need to work on, but you also want to win," Purdue head coach Matt Painter said. "So we've done it the three previous years and were undefeated in all three nonconferences and played a lot of difficult people. I don't want to go away from that standard. This is where we are. Deal with it. Get better as a coach, get better as a player, get better collectively as a team. "... We're not a great team. We're a good team and we need to work so hopefully come March, we can be a great team." C.J. Cox recorded a career-high 16 points off the bench versus the Tigers, his third double-digit scoring performance in his last four games. "It's hard to be consistent with inconsistent minutes," Painter said. "It's hard to feel good about yourself and have confidence and know you belong, but you don't feel that way because you might not play in a game, or you might play 5-to-10 minutes, or you don't get any shot attempts. It's really, really difficult. So, for those guys to be in there and get some confidence ... that's what we need." Trey Kaufman-Renn, who had 15 points versus the Tigers, has scored in double digits in all 12 games this season. Purdue, which lost consecutive games for the first time since February 2023, is banking that a return home will get the team back on track. This season, the Boilermakers are 6-0 on their court. Toledo (6-5), in turn, has lost four of its last five games, with the lone victory coming at the expense of NAIA opponent Defiance on Dec. 7. Sam Lewis followed up an 18-point performance in that game with team-high totals of 21 and 14 points, respectively, in the team's next two contests. Unfortunately for the Rockets, they shot just 29.6 percent from the floor and were outrebounded 50-29 (including 16-6 on the offensive glass) in their 78-49 setback at then-No. 15 Houston on Dec. 18. "I'm disappointed where we're at right now," Toledo head coach Tod Kowalczyk said recently, per The Blade. "We're a better team than we've been playing." Sonny Wilson averages a team-best 15.2 points and 3.3 assists per game, while Lewis contributes 13.9 points to go along with a club-best 4.9 rebounds. --Field Level MediaSunday, December 29, 2024 Hey there, travelers! If you’re dreaming of exploring the UK in 2025, here’s an important heads-up: starting January 8, 2025, you’ll need an Electronic Travel Authorization (ETA) before you can set foot in the UK. Yes, that includes travelers from Chile, Costa Rica, Guatemala, Guyana, Nicaragua, Panama, Paraguay, Peru, and Uruguay. But don’t worry—it’s a simple process, and I’ve got all the details to help you breeze through it. Think of the ETA as your ticket to smoother travel. It’s a quick and easy online authorization that lets you visit the UK for up to six months, whether you’re planning a holiday, a business trip, or visiting family. But here’s the catch: if you’re heading to the UK for work, study, or a stay longer than six months, you’ll need to apply for the appropriate visa instead. And trust me, you don’t want to show up at the airport without an approved ETA after January 8, 2025—entry will be denied, and that’s a travel nightmare we all want to avoid! It’s as easy as booking a flight (maybe even easier!). Here’s what to do: Once your ETA is sorted, it’s time to start daydreaming about your UK adventure. Will you stroll along the bustling streets of London, soak up the history of Edinburgh, or enjoy the lively cultural vibe in Liverpool? Whatever your plans, the UK has endless experiences waiting for you. The United Kingdom, comprising Great Britain and Northern Ireland, offers an incredible array of attractions for travelers. From vibrant cities to serene countryside landscapes, the UK is a destination steeped in history and charm. Location: Windsor & Eton, England, Europe As the world’s largest and oldest continuously occupied fortress, Windsor Castle is a stunning symbol of British heritage. Its battlements and towers exude majesty, serving as one of the monarch’s principal residences. Visitors may even glimpse the Royal Standard flying from the Round Tower when the Queen is in residence. The castle also hosts state occasions, adding to its regal allure. Location: The West End, London, England, Europe Westminster Abbey, a masterpiece of Early English Gothic architecture, is more than just a place of worship—it’s a living stage for historic events. Despite its grandeur, the Abbey is not a cathedral but a “royal peculiar,” directly administered by the Crown. Its intricate designs and storied history make it one of the most iconic landmarks in London. Location: Glasgow, Scotland, Europe Glasgow Cathedral stands as a rare testament to medieval times, with its imposing Gothic architecture and well-preserved structure. Unlike most of Scotland’s cathedrals, it survived the Reformation largely intact, thanks to being repurposed for Protestant worship. Dating back to the 15th century, its timeless ambiance evokes a sense of awe and history. Location: Kensington & Hyde Park, London, England, Europe Spanning 142 hectares, Hyde Park is one of London’s premier green spaces. Its mix of meticulously maintained gardens, wild grassy expanses, and towering trees offers a tranquil escape in the heart of the bustling city. The park also serves as a venue for live concerts and events throughout the year, making it a lively cultural hub. Location: Kensington & Hyde Park, London, England, Europe The Science Museum captivates visitors with its interactive exhibits covering early innovations, space exploration, and cutting-edge technology. Perfect for families, the museum ignites curiosity and inspires a love for learning. With its engaging displays and practical resources, it’s a must-visit destination for anyone intrigued by the marvels of science and the universe.Revenue of $44.6M with $4M Adjusted EBITDA1 (6th Consecutive Positive Quarter) Historic Positive Cash Flow from Operations and Improved Gross Margins Approval of $51million direct loan from The Export-Import Bank of the United States expected to fund Electrovaya's lithium ion cell and battery manufacturing facility in Jamestown, New York Removal of Going Concern note in the financial statements due to improved financial performance TORONTO, ONTARIO / ACCESSWIRE / December 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2024 ("Q4 2024" & "FY 2024", respectively). All dollar amounts are in U.S. dollars unless otherwise noted. Financial Highlights: Key Operational and Strategic Highlights - Q4 FY 2024 & Subsequent Events: Management Commentary: "Electrovaya, with its core technology advantages and proven performance, is poised to lead mission-critical and heavy-duty energy storage solutions," said Dr. Raj DasGupta, Electrovya's CEO. "With growing demand from existing and new customers, we expect robust growth in 2025 and onwards. This includes increasing revenue, enhancing profitability, and expanding domestic lithium-ion cell manufacturing in the U.S." "Reaching record revenue, achieving six consecutive quarters of positive adjusted EBITDA1, generating positive cash flow from operations, and removing the going concern note are pivotal milestones for Electrovaya," stated John Gibson, Electrovaya's CFO. "These achievements solidify our financial position and set the stage for anticipated revenue growth exceeding $60 million with profitability in Fiscal 2025, driven by strong demand from key end users. Finally, the approved $51 million direct loan by the Export-Import Bank of the United States will support building up additional domestic manufacturing capacity and vertical integration to support our anticipated growth beyond 2026. " Positive Financial Outlook & Fiscal 2025 Guidance: The Company anticipates strong growth into FY2025 with estimated revenues to exceed $60 million driven by renewed demand from the Company's largest end users of material handling batteries. This guidance considers its existing purchase orders, along with anticipated orders in its pipeline from key end users and customers. This guidance also takes into consideration a percentage of anticipated revenue that may be deferred to FY 2026 (please see Forward Looking Statements for further clarification). Selected Annual Financial Information for the Years ended September 30, 2024, 2023 and 2022: Results of Operations (Expressed in thousands of U.S. dollars) Summary Financial Position (Expressed in thousands of U.S. dollars) Cash flow statement (Expressed in thousands of U.S. dollars) Quarterly Results of Operations (Expressed in thousands of U.S. dollars) 1 Non-IFRS Measure: Adjusted EBITDA is defined as income/(loss) from operations, plus stock-based compensation costs and depreciation and amortization costs. Adjusted EBITDA does not have a standardized meaning under IFRS. Therefore it is unlikely to be comparable to similar measures presented by other issuers. Management believes that certain investors and analysts use adjusted EBITDA to measure the performance of the business and is an accepted measure of financial performance in our industry. It is not a measure of financial performance under IFRS, and may not be defined and calculated in the same manner by other companies and should not be considered in isolation or as an alternative to IFRS measures. The most directly comparable measure to Adjusted EBITDA calculated in accordance with IFRS is income (loss) from operations. The Company's complete Financial Statements and Management Discussion and Analysis for the fourth quarter and fiscal year ended September 30, 2024 are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov , as well as on the Company's website at www.electrovaya.com . Conference Call & Webcast details: To help ensure that the conference begins in a timely manner, please dial in 10 minutes prior to the start of the call. For those unable to participate in the conference call, a replay will be available for two weeks beginning on December 13, 2024 through December 27, 2024. To access the replay, the dial-in number is 877-481-4010 and 919-882-2331. The replay access ID is 49582. Investor and Media Contact: Jason Roy Director, Corporate Development and Investor Relations Electrovaya Inc. jroy@electrovaya.com 905-855-4618 Brett Maas Hayden IR elva@haydenir.com 646-536-7331 About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications.Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com . Forward-Looking Statements This press release contains forward-looking statements, including statements that relate to, among other things, revenue growth and revenue guidance of approximately $60 million in FY 2025, other financial projections, including projected sales, cost of sales, gross margin, working capital, cash flow, and overheads anticipated in FY 2025, the expected timing of deliveries of pre-production battery modules in Japan, anticipated cash needs and the Company's requirements for additional financing, purchase orders, mass production schedules, funding from EXIM and the ability to satisfy the conditions to drawing on any facility entered into with EXIM,, use of proceeds of the EXIM facility,, ability to deliver to customer requirements. Forward-looking statements can generally, but not always, be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward looking statements, and actual results may differ materially from those expressed or implied in such statements. In making the forward-looking statements included in this news release, the Company has made various material assumptions, including but not limited to assumptions with respect to the Company's customers deploying its products in accordance with communicated intentions, the Company's customers completing new distribution centres in accordance with communicated expectations, intentions and plans, anticipated new orders in FY 2025 based on customers' historical patterns and additional demand communicated to the Company and its partners, but not yet provided as a purchase order together with the Company's current firm purchase order backlog totaling approximately $80 million, a discount of approximately 25% used in the revenue modeling applied to the overall expected order pipeline to account for potential delays in customer orders, expected decreases in input and material costs combined with stable selling prices in FY 2025, delivery of ordered products on a basis consistent with past deliveries, and that the Company's customer counterparties will meet their production and demand growth targets, ]the Company's ability to successfully execute its plans and intentions, including with respect to the entry into new business segments and servicing existing customers, the availability to obtain financing on reasonable commercial terms, including any EXIM facility. Factors that could cause actual results to differ materially from expectations include but are not limited to customers not placing orders roughly in accordance with historical ordering patterns and communicated intentions, macroeconomic effects on the Company and its business, and on the lithium battery industry generally, not being able to obtain financing on reasonable commercial terms or at all, including not being able to satisfy any condition of drawdowns under any EXIM facility if entered into, that the Company's products will not perform as expected, supply and demand fundamentals for lithium-ion batteries, the risk of interest rate increases, persistent inflation in the United States and Canada and other macroeconomic challenges, the political, economic, and regulatory and business stability of, or otherwise affecting, the jurisdictions in which the Company operates, including new tariff regimes. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2023 under "Risk Factors", and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities and filed or furnished with the SEC.. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law. Revenue guidance for FY2025 described herein constitute future‐oriented financial information and financial outlooks (collectively, "FOFI"), and generally, is, without limitation, based on the assumptions and subject to the risks set out above under "Forward‐Looking Statements". Although management believes such assumption to be reasonable, a number of such assumptions are beyond the Company's control and there can be no assurance that the assumptions made in preparing the FOFI will prove accurate. FOFI is provided for the purpose of providing information about management's current expectations and plans relating to the Company's future performance, and may not be appropriate for other purposes. The FOFI does not purport to present the Company's financial condition in accordance with IFRS, and it is expected that there may be differences between audited results and preliminary results, and the differences may be material. The inclusion of the FOFI in this news release disclosure should not be regarded as an indication that the Company considers the FOFI to be a reliable prediction of future events, and the FOFI should not be relied upon as such. SOURCE: Electrovaya Inc. View the original on accesswire.com
NEW YORK (AP) — Chad Chronister, Donald Trump's pick to run the Drug Enforcement Administration, said Tuesday he was withdrawing his name from consideration, becoming the second person selected by the president-elect to bow out quickly after being nominated for a position requiring Senate confirmation. Sheriff Chronister, the top law enforcement officer in Hillsborough County, Florida, said in a post on X that he was backing away from the opportunity, which he called “the honor of a lifetime.” “Over the past several days, as the gravity of this very important responsibility set in, I’ve concluded that I must respectfully withdraw from consideration,” Chronister wrote. He did not elaborate, and Trump's transition team did not immediately respond to a message seeking comment. Chronister follows former Republican congressman Matt Gaetz , Trump’s first pick to serve as attorney general, in withdrawing his name for a post in the administration. Gaetz withdrew following scrutiny over a federal sex trafficking investigation that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. Trump's pick of Chronister for the DEA job drew backlash from conservatives, who raised concerns over his actions during the COVID-19 pandemic and his saying that his office “does not engage in federal immigration enforcement activities.” In March 2020, Chronister arrested the pastor of a megachurch who held services with hundreds of people and violated a safer-at-home order in place aimed at limiting the spread of the Covid virus. “Shame on this pastor, their legal staff and the leaders of this staff for forcing us to do our job. That’s not what we wanted to do during a declared state of emergency,” Chronister said at the time. “We are hopeful that this will be a wakeup call.” U.S. Rep. Thomas Massie, R-Ky, was among those airing public complaints, saying Chronister should be “disqualified” for the arrest. Others flagged comments Chronister made in a video about Florida’s immigration laws that he released in 2023 that circulated again online after Trump named him last weekend. In the video, Chronister praised the “rich diversity” of his community and called it “a place where people from all walks of life come together.” He said it was important to note his office “does not engage in federal immigration enforcement activities. We do not target individuals based on their immigration status. That’s the authority of federal agencies.” Trump has made a sweeping crackdown on immigration a central focus of his campaign and his aims for his coming administration. ___ Associated Press writer Adriana Gomez Licon in Fort Lauderdale, Florida contributed to this report. Michelle L. Price, The Associated PressNewLake Capital Partners Appoints Dina Rollman to Board of Directors and Declares Fourth Quarter 2024 Dividend of $0.43 per Share
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And single people are more likely to use mobility tools compared to those who are married, according to researchers from University College London (UCL) and the London School of Hygiene and Tropical Medicine (LSHTM). Researchers looked at information from a group of more than 12,000 adults in England aged 50 to 89 who were tracked over a 13-year period. At the start of the study, 8,225 adults had no mobility difficulty and did not use mobility assistive products (MAPs). Some 2,480 were deemed to have “unmet need” and 1,375 were using mobility aids. During the follow-up period, there were 2,313 “transitions” where people went from having no mobility issues to needing some help with getting around. And 1,274 people started to use mobility aids. Compared with men, women were 49% more likely to transition from not needing mobility aids to needing to use them, according to the study which has been published in The Lancet Public Health. But were 21% less likely to go on to use mobility aids when they needed them. The authors said their study showed “barriers to access” for women. For both men and women, with every year that passed during the study period the need for mobility aids increased. People who were older, less educated, less wealthy or reported being disabled were more likely to “transition from no need to unmet need, and from unmet need to use”, the authors said, with this indicating a “higher prevalence of mobility limitations and MAP need overall among these groups”. They added: “Finally, marital or partnership status was not associated with transitioning to unmet need; however, single people were more likely to transition from unmet need to use compared with married or partnered people.” Jamie Danemayer, first author of the study from UCL Computer Science and UCL’s Global Disability Innovation Hub, said: “Our analysis suggests that there is a clear gender gap in access to mobility aids. “Though our data didn’t ascertain the reason why participants weren’t using mobility aids, other research tells us that women are often more likely than men to face obstacles such as cost barriers as a result of well-documented income disparities between genders. “Many mobility aids are designed for men rather than women, which we think may be a factor. “Using mobility aids can also make a disability visible, which can impact the safety and stigma experienced by women, in particular. “There’s a critical need for further research to identify and break down the barriers preventing women from accessing mobility aids that would improve their quality of life.” Professor Cathy Holloway, also from UCL, added: “Not having access to mobility aids when a person needs one can have a big impact on their independence, well-being and quality of life. “Our analysis suggests that women, in particular, regardless of other factors such as education and employment status, are not getting the support that they need.” Professor Shereen Hussein, senior author of the study and lead of the social care group at the London School of Hygiene & Tropical Medicine, said: “The research provides compelling evidence of gender disparities in accessing assistive technology, suggesting that cost, design bias, and social stigma are likely to disproportionally affect women. “This underscores the need for inclusive, gender-sensitive approaches in the design, production and inclusivity of assistive technologies.”The Debate About Whether Men Have Been Left Behind Is Decades OldWade Taylor IV helps No. 13 Texas A&M rout Abilene Christian
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World leaders react to the death of former President Jimmy CarterChandigarh: For a state that witnessed two elections of great significance this year and accounted for more than 20 per cent of athletes in India's Paris Olympics contingent, it is only fitting that the year's top newsmakers came from two fields: politics and sports. Add to the mix, the issues of farmers and farming -- farmers' protest remained a constant underrunning theme in the state's sociopolitical discourse through the year -- and Haryana's 2024 round-up is almost complete. As Haryana seemed to be settling into the regular humdrum of daily politics after high-pitched election season came the unsettling news of the passing of its five-time chief minister and political stalwart Om Prakash Chautala. He died on December 20 at the age of 89. The state entered 2024 with a great deal to look forward to for everybody: a BJP looking to repeat the 2019 feat of winning all 10 LS seats and also retaining power in assembly, a Congress emboldened by projections it would wrest back a large number of parliamentary seats from the BJP and also dethrone it in the state, an AAP hopeful of making inroads in a new territory; and a population in anticipation. What nobody saw coming though was a change of guard in the government just months before the assembly polls. So, when the BJP replaced its chief minister of more than nine years Manohar Lal Khattar with low-profile OBC leader Nayab Singh Saini (54) in March not only the BJP's rivals, but many in the party too were caught off-guard. And some were left angry too, like senior BJP leader Anil Vij whose chief ministerial ambition was all too known. While the BJP gamble did not pay off in the Lok Sabha polls, losing five of the 10 seats to the Congress, it certainly reaped the rewards in the October assembly polls as it staved off a resurgent Congress to win a third consecutive term. The AAP was decimated, drawing a blank. AAP could not win from Kurukshetra, the lone LS seat it contested in partnership with the Congress. Ajay Singh Chautala-led Jannayak Janta Party, whose alliance with the BJP broke down in March, was also routed in the Assembly polls. The party faced a series of desertions after the alliance ended. But the JJP was not the only party to face desertions. The BJP and the Congress also saw many of their leaders switch sides to pursue their ambitions in the election year. In the BJP, Anil Vij voiced his displeasure publicly for not being kept in the loop while replacing Khattar with Saini. Congress leader and Sirsa MP Kumari Selja was apparently miffed with the party for giving a free hand to her bete noire Bhupinder Singh Hooda in ticket distribution for the assembly polls. She stayed away from the poll campaign for days, giving the BJP ammunition to attack the Congress with "anti-Dalit" jibes as the October 5 polling neared. The Congress infighting saw the departure of senior leader Kiran Choudhry, who joined the BJP with her daughter Shruti Choudhry, ahead of the Assembly election. Kiran Choudhry, daughter-in-law of former chief minister late Bansi Lal, was made a Rajya Sabha member. Shruti won the Assembly poll and is now a minister in the Saini government. The Congress too got a boost with the return of senior leader and former Union minister Birender Singh after a decade with the BJP. But all these pre-poll churning didn't end in favour of the Congress in the assembly poll. The party ended with 37 seats in the House of 90, while the BJP got 48. Experts believe the Congress was in ascendence but it failed to get the final push due to infighting, over-reliance on sitting MLAs and rebellion at some places. Hooda later said the assembly poll outcome was opposite to what the atmosphere in the state was. On the BJP's poll win, Chief Minister Saini said the people "put a stamp" on the government's policies under the leadership of Prime Minister Narendra Modi. After he demitted the chief minister's office in March, Khattar fought the Lok Sabha poll from Karnal and won. He is now a Union Minister. The Assembly poll results announced on october 8 brought not-so-good news for many top leaders including Haryana Congress chief Udai Bhan, former assembly speaker Gian Chand Gupta and former deputy CM and JJP leader Dushyant Chautala. Other prominent leaders who lost included Indian National Lok Dal leader Abhay Singh Chautala, BJP's O P Dhankar, Bhavya Bishnoi and Capt Abhimanyu. But one new entrant who emerged victorious was Olympian Vinesh Phogat who joined the Congress weeks after heartbreak at the Paris Olympics where she was declared overweight and disqualified from the gold medal match the night before the final bout. The Congress fielded her from the Julana constituency. Fellow wrestler Bajrang Punia also joined the Congress with her, but he did not fight the polls. Punia and Phogat had been the face of fierce protests against former Wrestling Federation of India head Brij Bhushan Sharan Singh, who has been accused of sexual harassment by women grapplers. The state sent 24 of the 117 athletes the represented India at the Paris Olympics. And of the total six medals India won, four were by the athletes from Haryana -- Neeraj Chopra (Silver in javelin), Manu Bhakar (Bronze in 10m air pistol and Bronze in mixed team 25m pistol) and Aman Sehrawat (Bronze in men's freestyle 57kg). Chief Minister Saini expressed pride in the achievements of Haryana's athletes, saying they have brought glory to both the state and the country. The farmers' issue proved to Achilles' heel for both the Khattar and Saini governments. Farmers under the banner of SKM (Non-Political) and Kisan Mazdoor Morcha have been camping at Punjab's Shambhu and Khanauri, both bordering Haryana, since February 13, after their march to Delhi was stopped by security forces. The forces did not allow them to enter Haryana for their onward march to Delhi in support of their various demands from the Centre, including legal guarantee to MSP. Between December 6-14, three more attempts made by Punjab farmers, which were in smaller groups, to march to national capital from Shambhu border in December were also blunted. The Haryana government has said several farmer welfare initiatives have been taken including the decision to procure 10 more crops on Minimum Support Price, taking the total number of such crops to 24. Among other subjects, Haryana's ruling BJP and Delhi's Aam Aadmi Party were engaged in a war of words on water and some other issues. In November, a Bill ensuring job security to the contractual employees till the age of superannuation was passed by the state assembly. The INLD's state unit president Nafe Singh Rathee was killed in Bahadurgarh in Jhajjar in February.
Ex-CNN anchor Don Lemon was very upset with Time magazine naming President-elect Donald Trump as the magazine’s annual Person of the Year , asking if the magazine took into consideration its women readers. Lemon made his comments on his show, The Don Lemon Show, questioning if magazines “even matter anymore” following its award to Trump. He added that the magazine should have given the award to “any person” who “stands for democracy,” adding that winning the presidential election does not automatically make someone worthy of Time’s annual title. “Time magazine, what are you doing?” Lemon asked. “Let me ask you, Time magazine: what do you say to the women who, I guess, still read Time magazine? Or the women who are — don’t they do a whole Time 100 thing or something, which ... what about the women who are on that list? What about them? I’m sure some of them have dealt with issues that women have to deal with like discrimination in workplace, SA, all kinds of things.” Lemon added that the magazine granted its title to someone who attempted to “overturn a free and fair election” and that “a convicted felon” was on the magazine’s cover. He then joked that “maybe we’re being scammed” about Trump winning the title. About who could have won the title instead, Lemon pitched the idea of naming Hunter Biden as Person of the Year since “Hunter got out of a lot of stuff, too.” CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Trump's win as Time’s Person of the Year marks the second time he has won the title, the first being in 2016. Other nominees for this year's award included Vice President Kamala Harris, X owner Elon Musk, podcast host Joe Rogan, Meta CEO Mark Zuckerberg, and Princess of Wales Kate Middleton. Donald Trump is TIME's Person of the Year https://t.co/IjP5W2otV5 pic.twitter.com/CVHX9o0DB3 — TIME (@TIME) Thursday, Trump also rang the opening bell of the New York Stock Exchange , marking the first time he had the honors in his hometown of New York City. Trump’s Person of the Year magazine cover was projected on the NYSE floor along with American flags, as “USA” chants proceeding Trump’s bell ringing were heard.
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The juxtaposition of gaming and reality serves as a powerful metaphor in "Journey of Discovery," highlighting the ways in which young people navigate the complexities of their surroundings. Dong Jie's keen directorial eye captures the essence of this duality, seamlessly blending fantasy and truth to create a thought-provoking cinematic experience.
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