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The Central Bank of Egypt (CBE) has taken a significant step toward advancing digital financial services and fostering a cashless society by granting approvals to several banks in Egypt to activate instantaneous remittance receipt and real-time crediting of funds to customers’ bank accounts via the Instant Payment Network (IPN). This development introduces a seamless and continuous solution for transferring funds from abroad to Egypt, addressing customers’ needs promptly and efficiently at any time. The pilot phase of this innovative service was launched in June 2024 through licensed bank correspondents and foreign exchange companies abroad. The initiative represents a major milestone in the evolution of the IPN, further encouraging customers to integrate digital financial solutions into their daily transactions. Launched in March 2022, the National Instant Payment Network is a cornerstone of the CBE’s payment systems infrastructure projects. The IPN provides an efficient alternative to cash payments, offering instant, 24/7 money transfer services for bank customers. This service underscores the CBE’s commitment to enhancing Egypt’s financial ecosystem through advanced technological solutions. Since its inception, the IPN has witnessed significant growth, with over 11.5 million users registered on the InstaPay app. Transaction volumes are projected to exceed EGP 2.7trn by the end of 2024, reflecting the increasing adoption of digital payment solutions across the country. This initiative aligns with the CBE’s broader efforts to modernize Egypt’s financial infrastructure, promote digital transformation, and create a robust, cashless economy.Joshua ‘Joshy’ Schuetz: Long road to recovery for eight-year-old boy after horror quad bike crash in BaliNegotiators from small island and least-developed nations have staged a walkout at consultations in Azerbaijan, pushing the UN climate negotiations to the brink of collapse.Delegations representing several small and impoverished nations severely threatened by climate change walked out of consultations on Saturday as UN climate talks in Azerbaijan went far into overtime without clinching a deal to help the nations most at risk. Also Read | West Bengal By-Election Results 2024: Trinamool Elated Over Bypoll Results; Studied Response by BJP. "We're here as a group of AOSIS (Alliance of Small Island States) and LDCs (Least Developed Countries). We've just walked out," said Cedric Schuster, the Samoan chairman of the group. Also Read | UP By-Election Results 2024: BJP Retains Primacy in Uttar Pradesh, SP Remains Main Rival, BSP Continues To Lose Ground. "We came here to this COP for a fair deal. We feel that we haven't been heard, and there's a deal to be made, and we have not been consulted ... [W]e've walked out because at the moment, we don't feel that we are being heard," Schuster said. Negotiators in Baku are discussing draft texts, with several countries urging industrialized nations to increase funding for climate change actions and adaptation. DW's Giulia Saudelli who is in Baku reports, "there's a feeling that time is starting to run out, and could play against the most vulnerable countries." "Some developing countries feel like they are not being listened to, and that they have not been included enough in the negotiations so far, with the richer countries talking mostly among themselves, they say," Saudelli reports. 'Still committed' Later, AOSIS issued a statement saying it remained "committed to this process." "We have presently removed ourselves from the stalled NCQG (New Collective Quantified Goal) discussions, which were not offering a progressive way forward," it said. "We want nothing more than to continue to engage, but the process must be INCLUSIVE," it went on, adding: "If this cannot be the case, it becomes very difficult for us to continue our involvement here at COP29." Germany accuses rich oil states of deceptive manoeuvres The walkout comes as German Foreign Minister Annalena Baerbock slammed rich fossil fuel emitters, whom she accused of having "ripped off" those states most at risk from climate change. "We are in the midst of a geopolitical power play by a few fossil fuel states," Baerbock said. She warned against reversing last year's climate resolutions while trying to increase climate aid for poorer countries. She said that funding for climate aid and reducing harmful emissions are closely linked. "Money alone won't save the world," Baerbock stated. "We have to do everything to come toward the 1.5 degree (Celsius, 2.7 Fahrenheit) pathway," she added, referring to the Paris Agreement target of keeping global warming below that temperature limit compared with preindustrial times. Dissatisfaction among at-risk nations backsliding on commitments to slash fossil fuels Developing nations have asked for $1.3 trillion (€1.25 trillion) to help them adapt to the immediate consequences of climate change, such as droughts, floods, rising sea levels and extreme heat. They say that sum would also help pay for losses and damages caused by extreme weather events, and aid them to wean their energy production from fossil fuels. An official draft on Friday pledged $250 billion annually by 2035. Although that more than doubles the previous goal of $100 billion set 15 years ago, it falls far short of the demands of at-risk nations. A rough draft for a deal discussed on Saturday was for more, sources said, but still not in line with developing nations' demands. tj/lo (AFP, AP) (The above story first appeared on LatestLY on Nov 23, 2024 08:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).
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OMAHA, Neb. (AP) — Creighton point guard Steven Ashworth likely won't play Tuesday in the No. 21 Bluejays' game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday, and coach Greg McDermott said he didn't know how long he would be out. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
The right of transgender minors to access gender-affirming care has sparked debate in many parts of the United States, and it’s now heading to the U.S. Supreme Court. The court heard oral arguments Wednesday on a challenge, brought by young people who identify as transgender and their families, to a law in Tennessee that bans gender-affirming medical care for minors. It’s one of 26 states that have passed bans on gender-affirming health care for transgender children and teenagers, according to a CNN analysis of data from the Movement Advancement Project, a nonprofit think tank that advocates for LGBTQ rights. Gender-affirming care is a multidisciplinary approach that includes medically necessary and scientific evidence-based practices to help a person safely transition from their assigned gender – the one a clinician assigned them at birth, based mostly on anatomic characteristics – to their affirmed gender – the gender by which the person wants to be known. Although the term gender-affirming care came into the public’s lexicon fairly recently, Dr. Madeline Deutsch, director of the UCSF Gender Affirming Health Program in San Francisco, said the practice has been around for some time and is based on decades of scientific research. Major mainstream medical associations – including the American Medical Association , the American Psychiatric Association , the Endocrine Society , the American Psychological Association , the American Academy of Pediatrics and the American Academy of Child & Adolescent Psychiatry – have affirmed the practice of gender-affirming care and agree that it’s the gold standard of clinically appropriate care that can provide lifesaving treatment for children and adults. “While we are always assessing the strength of the evidence for this kind of care, every major US medical association has found that the medical evidence is strong and in support of centers that provides this kind of care and have been doing so for decades,” said Dr. Kellan Baker, executive director of the Whitman-Walker Institute, a health care organization that works on LGBTQ+ issues. This year, an extensive but controversial research review in the UK called the use of puberty-delaying medications into question, saying that the rationale for early puberty suppression was “unclear” and that any benefit for mental health was supported by “weak evidence.” The review — known as the Cass Review for Dr. Hilary Cass, the pediatrician who conducted it — has prompted providers in the UK to scale back their use of the treatment. However, its methodology have come under sharp criticism from some scholars and practitioners. The process typically starts with a conversation between a clinician and the individual. If the patient is a child, the conversation will also include the family when possible. “It’s to really get a better sense of what’s bringing them into the clinic,” said licensed clinical psychologist Dr. Melina Wald, co-founder and former clinical director of the Columbia Gender Identity Program at Columbia University Medical Center. “We are also looking to understand the child’s understanding of their own gender, gender expression and a history related to that.” After experts determine what the person needs, a multidisciplinary group of clinicians will design a plan for them. Depending on the person’s age, care can include mental health and support groups, legal help and sometimes medical help like hormones or surgery when a person is past puberty. “This is individualized care, not some one-size-fits-all-plan,” Baker said. A transition plan can be as simple as offering support to someone when they start using different pronouns, change their hairstyle or clothing, or use a different name. “When we support and allow people to do these things, their lives get better,” Deutsch said. Mental health care: Often, gender-affirming care will include counseling. A 2018 study found that the prevalence of mental health problems among transgender youth was seven times higher than among their cisgender peers. Mental health problems don’t necessarily stem from a person’s identity; a growing number of studies show that they often occur because of social discrimination and what’s known as minority stress. Stigma, marginalization , discrimination, bullying, harassment and violence can lead to feelings of isolation and rejection. People who identify as transgender may also need mental health help just to determine what their identity is, to come to terms with it and to find self-acceptance. Mental health care can also help people come out to their family and friends and develop coping mechanisms so they can be who they are in a world that isn’t always friendly or accepting. Gender-affirming care, studies show, lowers a person’s odds of depression and suicidality and is associated with improved well-being. Medication and surgery: Some people may also receive age-appropriate medical care like hormone treatments, puberty blockers, voice and communication therapy, gynecologic and urologic care and reproductive treatments. Typically, surgeries are offered only to adults. The World Professional Association for Transgender Health’s guidelines , which are considered the gold standard for gender-affirming care around the world, say this kind of care should provide a person “safe and effective pathways to achieving lasting personal comfort with their gendered selves with the aim of optimizing their overall physical health, psychological well-being, and self-fulfillment.” When children get to a certain stage of puberty – diagnosed by a medical provider – and still have a persistent, well-documented sense that their gender does not align with the sex assigned at birth, doctors and family may decide to move forward with reversible pubertal suppression , commonly called puberty blockers . Although not all patients choose this treatment, some research shows that gender-incongruent youth may feel increased distress when they start to develop secondary sex characteristics. These gonadotrophin-releasing hormone drugs were first used to delay puberty for people with what’s known as precocious puberty , when a child’s body changes into that of an adult too soon. Puberty blockers can keep secondary sex traits from developing for a few years, to give the child time to access support, explore their gender identity and develop coping skills, according to the American Academy of Pediatrics. If a patient decides to stop treatment, puberty resumes. “That just basically puts everything on pause, and children can be on that for a couple of years without any ill effects, and it’s totally reversible,” Deutsch said. “If it’s stopped, then everything just continues where you left off.” Studies show that puberty blockers can reduce the distress that may happen when a child develops secondary sex characteristics such as breasts, an Adam’s apple or voice changes. Studies show that transgender adolescents who used puberty blockers were less likely to have suicidal thoughts than those who wanted the treatment but did not get it. Puberty blockers can also make a transition later in life easier, since the person did not develop these secondary sex characteristics. At this stage in the gender-affirming care process, after a thorough evaluation by a medical professional, a patient may also receive hormone therapy that can lead to gender-affirming physical change. Puberty blockers can carry some risks, and more long-term studies are needed, according to the Pediatric Endocrine Society . Long-term studies on fertility and bone health are limited and provide “varied results,” according to the American Academy of Pediatrics. The World Professional Association for Transgender Health guidelines say that before giving puberty blockers, the provider must make sure the person has demonstrated a sustained and persistent pattern of gender dysphoria or gender incongruence; they must have the emotional and cognitive maturity to provide informed consent; any coexisting mental health problems that could interfere with treatment or consent need to be addressed; the person needs to be told that there could be reproductive effects, and fertility preservation options should be discussed; and the child must have reached Tanner Stage 2 of puberty, which is when a girl starts to develop breast buds and a boy’s scrotum and testicles begin to increase in size. A pediatric endocrinologist must agree with this decision. Professional medical guidelines, with some rare exceptions, do not recommend puberty blockers, hormone therapies or surgery for children who have not gone through puberty. If such treatment is indicated, the clinician would first do a thorough evaluation in collaboration with the patient and their caregiver to understand the child’s unique needs. “I think one of the big myths out there is that there’s a sense that kids are rushed into decisions related to medical care, like hormone therapy or surgery. That’s just not the case,” Wald said. Deutsch agreed: “Kids don’t make stuff up about this, wanting to become trans because it’s trendy or something,” she said. “Trans youth and trans people in general do not have access to a hormone vending machine.” Some critics point out that youth who take puberty blockers may change their minds about their gender identity later in life. Several studies have shown that most people who opt for gender-affirming care don’t later regret their choices — including an October 2022 study in the Netherlands that found 98% of transgender youth who had started gender-affirming medical treatment in adolescence continued to use those hormones around five or six years later in adulthood. Among 3,306 UK Gender Identity Development Service patients included the Cass Review analysis, fewer than 10 patients detransitioned to their birth-registered gender. Questions about the benefits of puberty-blocking medications gained fresh attention in October when the author of a federally funded study was quoted as saying she had delayed publication of some of her results because of fears that they would be “weaponized” in a heated political climate. Johanna Olson-Kennedy, medical director at the Center for Transyouth Health and Development at Children’s Hospital of Los Angeles, said that in the study , which she helped lead, puberty blockers did not appear to improve the mental health of 95 children ages 8 to 16 who were followed for two years to understand their mental and physical functioning as doctors used the medications to delay the physical changes associated with puberty. Some advocates for gender-affirming care for youth said this is a typical level of caution taken by researchers to carefully present and interpret scientific data. However, researchers said it remains critical to publish data; puberty blockers may have prevented a decline in mental health, even if they didn’t lead to improvement in mental functioning, but it’s impossible to know if the data isn’t released. If a child identifies as transgender or gender-diverse, research suggests that they know their gender as clearly and consistently as their peers who identify as cisgender or the gender they were assigned at birth, even if it conflicts with other people’s expectations about what a typical “boy” or “girl” is. Some critics of the process suggest that children should wait until adulthood to transition, but the American Academy of Pediatrics says in its guidelines that this approach is “outdated,” in part because it assumes that gender identity becomes fixed at a certain age, and the approach is based on “binary notions of gender in which gender diversity and fluidity is pathologized.” The group also argues that the approach was based on early studies with methodological flaws, limited follow-up and validity concerns. More recent research shows that “rather than focusing on who a child will become, valuing them for who they are, even at a young age, fosters secure attachment and resilience, not only for the child but also for the whole family.” Wald says that waiting to transition can create additional psychological distress for a child and can raise their risk of depression, suicidality, self-harm or substance misuse. “Withholding intervention means that the child is going to go through a puberty that is discordant with their gender identity and would ultimately mean that later, at the age of 18, there would be changes to their body that they would make it even more difficult,” she said. “These children and teens can be incredibly resilient,” Wald added. “With support and access to care, they will thrive and can be just as successful as any kid.” A 2022 analysis of data from the US Centers for Disease Control and Prevention Behavioral Risk Factor Surveillance System and its Youth Risk Behavior Survey found that a tiny fraction of people in the United States – about 0.6% of those 13 and older, or about 1.6 million people – identify as transgender, according to the Williams Institute , a think tank at UCLA Law that provides scientific research on gender identity and sexual orientation. While the percentage of adults who identify as transgender in the US has remained basically the same, the number of young people who identify as such doubled – to 300,000 – from the last time the Williams Institute did the research in 2016 and 2017. It may not be a direct comparison, however, as the Williams Institute’s previous survey did not have survey data for younger teens and had to use statistical modeling to extrapolate based on adult data. The report cannot explain why more young people may be identifying as transgender, but it notes that more data has become available about this population. CNN’s Brenda Goodman, Meg Tirrell and Kristen Rogers contributed to this report.
AP Trending SummaryBrief at 5:06 p.m. EST"Stamp Of Approval": Raghav Chadha On AAP's Big Win In Punjab BypollsSEBI (Securities and Exchange Board of India), distraught by a huge upsurge in equity derivatives volume, particularly in the index derivatives, has implemented certain measures to curb the level of activity. Mandatory upfront collection of option premium from buyers, removal of calendar spread benefit on the expiry day, intraday monitoring of position limits, increase of contract value, restriction of weekly expiry to only one index per exchange and increase in margin requirement on expiry day are the steps implemented by the market regulator through a circular in October. While these actions come into effect on various dates, by February, all of these will be in place. Arguably, this will create a tighter environment for participants to operate in the equity F&O (futures and options) segment. To a certain degree, this could encourage traders to gravitate towards commodity F&O market. Those who consider making such a move to diversify their trading portfolio, should be aware of the differences between equity and commodity derivatives. Here we discuss the separating factors, products available and the rules of the game. While there are certain things of common interest for equity and commodity investors, such as global economy, political conditions, business environment etc, both have certain unique aspects too. Owning a stock means owning a fraction of a business. Stocks derive its value from how well the company performs. Outside of the broader economic conditions of the country in which the company operates profitability, balance sheet health, management quality etc. will carry a lot of weight during analysis. Commodities, on the other hand, are physical goods where the supply-demand dynamics lie at the core. So, here, investors resort to more of a macro approach. In general, commodities are more volatile, also making it riskier than stocks as they are subject to everchanging macroeconomic conditions and factors of production and consumption. To put things into perspective, the annualised volatility (based on daily returns over the past 10 years) of Nifty 500 index is 16 per cent, whereas for crude oil, it is 37 per cent. Gold, though, is relatively stable with 14 per cent volatility. In effect, stocks and commodities, being different asset classes, have their own influencing factors. Commodities can be broadly classified into four categories: Precious metals, base metals, energy and agricultural commodities. In this article, we will discuss the first three as the derivatives segment in agri commodities is not as active as the rest. Precious metals: Production and consumption numbers are indeed important for precious metals such as gold and silver. But there are certain factors that tend to have a quicker, significant impact on its prices. While the dollar movement can influence price of almost all commodities, it can be more pronounced for precious metals. The monetary policy actions by the US Federal Reserve and the geopolitical developments, too, play a crucial role. In recent years, the central bank’s accumulation of gold, the beginning of the rate cut cycle by the Fed and conflicts like the Russia-Ukraine war and Israel-Hamas war has been putting upward pressure on the prices. The impact of the above factors is evident from how gold and silver have performed since October 2022. The absolute return of gold and silver between October 2022 and November 2024 is 62 per cent and 64 per cent, respectively, significantly outperforming other commodities and even equities. For instance, the performance of Nifty 50, S&P 500, aluminium and copper stood at 37 per cent, 57 per cent, 19 per cent and 23 per cent respectively. Gold, in particular, is seen as a safe haven by investors and so, whenever there are concerns over global growth, geopolitical uncertainties etc, the demand for gold goes up. To know about the developments in gold and silver, one can follow the World Gold Council and The Silver Institute respectively. These institutes put out several reports in various frequencies, including production and consumption data. Base metals: Aluminium, copper, lead, nickel and zinc are the commonly traded ones. Also referred to as industrial metals, the fate of these commodities largely hinges on China, the largest consumer and producer of base metals with over 50 per cent market share in both production and consumption. Therefore, an expanding Chinese economy is positive for these metals and vice versa. One should keep a watch on metal-specific developments too. For instance, in 2023, when most of the metals were reeling under pressure, copper outperformed the rest by returning a marginal gain of 2 per cent. The reason was a huge demand in China for applications in renewable energy (installation of 300 gigawatts – 60 per cent of the total global addition in that year – of green capacity took place that year) and EVs (electric vehicles), which use more copper than a normal vehicle. Copper plays a key role in green technologies due to its physical and chemical properties. Likewise, the auto sector is a major consumer of aluminium and so, broadly tracking this industry can help form a view on the metal. There are other factors that can disrupt the supply-demand equation. Take, for instance, social unrest in the South American countries Peru and Chile, largest producers of copper and zinc with considerable mining capacity, towards 2022-end. Social issues lead to a supply-side strain, leading to a spike in price. Authorities for base metals include International Aluminium Institute, International Copper Study Group, International Lead and Zinc Study Group. They publish data related to supply and demand, latest developments with respect to change in production/mining capacity etc. Energy commodities: Because of its significance, crude oil and natural gas are often in the news, making them the most volatile among the lot. The annualised volatility of crude oil and natural gas is 37 per cent and 55 per cent, respectively. Tracking inventory statistics, high frequency data, is imperative. If the stockpiles of crude oil and natural gas increase more than expected, it could mean lower demand, weighing on the prices and vice versa. For natural gas, the use case in electric power generation for heating, especially from Europe in the winter, is a significant contributor to the demand. So, if the winter is colder than usual, the need for natural gas can go higher, an upward risk for price. Not to mention the impact of the Russia-Ukraine war. Following the Russian invasion in 2022, the price of natural gas surged as Russia is the second-largest producer and the biggest supplier of natural gas to the European countries. However, plagued by oversupply and warmer winters in Europe in recent years, the price started to collapse in the last quarter of calendar year 2022. For crude oil, the Organization of Petroleum Exporting Countries Plus (OPEC+) production policy is crucial as this grouping produces about half of the global oil. When they announced a delay in reversal of production cuts in early 2024, the price rallied. However, as production has been outpacing demand, the crude oil price has been under pressure since April this year. Oversupply has kept the prices lower despite so many tensions in West Asia, a significant region when it comes to oil. For any news and data related to energy commodities, the US Energy Information Administration’s Short Term Energy Outlook (STEO), released every month, is a solid source. For commodity traders, keeping track of the developments, as mentioned above, aids in better decision-making. Almost all brokerage houses that offer equity derivatives provide access to commodity derivatives. Both segments can be operated from the same trading account. Commodity market runs longer (between 9 a.m. and 11:30/11:55 p.m.) when compared to the equity segment (between 9:15 a.m. and 3:30 p.m.). However, 223 stocks are available in F&O, whereas the list is much smaller in commodities. Below are other notable differences. Spot market: As the name ‘derivatives’ suggests, these contracts derive its value from an asset which is called the underlying. For equity derivatives, equity indices or individual stocks can be the underlying. One stark difference between equity and commodity derivatives is, in India, the spot (cash) market for equities is vibrant, whereas the same for commodities is not active and traders cannot participate in it. In fact, India is a price taker in commodities, another reason why tracking performance of commodities in the international market is critical. Therefore, the exchange rate of rupee against the dollar is a noteworthy factor while conducting forecasts. For example, copper, in terms of dollars, has lost 7.5 per cent since September-end. Consequent to the rupee deprecation of about 2.2 per cent against the dollar in this period, in rupee terms, copper is down only 3.6 per cent. Options: Another point of difference is something related to options. Unlike in equities, where the stock is the underlying, for commodity options it is the futures contract of that commodity. So, when stock options which are in-the-money (ITM) are exercised, you will have to either deliver or buy the underlying stock depending on whether you hold a long/short position on calls and puts. Whereas ITM commodity options devolve (convert) into future contracts. When a long call (put) option expires ITM, it will devolve into futures long (short). When a short call (put) option expires ITM, it will devolve into futures short (long). Example: Suppose you are holding a gold 77,000-call option and the price of its underlying — gold future expires at ₹80,000. As the underlying price is greater than strike price of the call option, this is said to have expired ITM. This trade will be settled with a long position on gold futures, which will have a purchase price as ₹77,000 (strike price of the option). Once you have this position in your trading account, you can opt to exit or continue to hold based on your outlook. Traders can avoid exercising options by giving a ‘contrary instruction’ before expiry, essentially denoting not to go ahead with exercising. On such events, the trades will be settled in cash. With respect to futures, precious metals and base metals are compulsory delivery contracts, similar to equities. But energy commodities and commodity index derivatives are cash settled. But note that the margin requirement will go up as we near the expiry date. For example, margin obligation for gold (aluminium) futures will start increasing five (three) days before expiry. This is referred to as the delivery period during which margin requirements might even increase to 25 per cent of contract value. Contract value: Some level of standardisation is followed in maintaining the contract value of equity futures. After the new SEBI rules are implemented, the value will be maintained between ₹15 lakh and ₹20 lakh. Earlier, it was ₹5-10 lakh. This will be checked twice a year. In case the value tops ₹20 lakh, the lot size will be trimmed; if it falls below ₹15 lakh, the lot size will be increased so as to bring the contract value back to the ₹15-20 lakh range. But such modifications will not happen in commodities. This is why we can see a wide range of contract values, leading to huge margin obligations in some cases. In general, the upfront margin requirement will be the sum of initial margin and Extreme Loss Margin (ELM). For all gold futures, they are 6 per cent and 1 per cent respectively, taking the upfront margin to 7 per cent. So, for example, the current contract value of gold futures (trading unit: 1 kg) is over ₹77 lakh, but that of gold petal futures (trading unit: 1 gm) is ₹7,700. So, the margin for trading in the former is ₹5.4 lakh, whereas for the latter is ₹540. During certain scenarios where the price of a commodity witnesses unusually-high volatility, exchanges can stipulate additional margin on top of the existing upfront margin. There have been instances where margin requirements shot up to 50 per cent. In addition to this, traders should maintain a MTM (mark-to-market) margin to adjust for any possible unrealised losses. Daily price limits: Price limits or price bands are the boundaries set for a day of trading to check excessive speculation. In equities, both index and stock futures have a range of 10 per cent of the base price. Once these levels are reached, trading will be paused for 15 minutes, called cooling period, before trading resumes. Coming to commodities, broadly, there are two initial limits – 3 per cent for a low-volatility commodity like gold and 4 per cent for a high-volatility commodity like natural gas. Once these levels are reached, the next step in both cases will be the expansion of the limit to 6 per cent. There will be a cooling period of 15 minutes when the 6 per cent range is reached. Post this, the limits will be widened to 9 per cent. In case price movement in international markets is more than the maximum daily price limit of 9 per cent, the same may be further relaxed in steps of 3 per cent. Risks: As mentioned earlier, commodities are riskier than stocks. So, traders who participate in commodity derivatives should maintain more vigil. While this does not mean trading in equity derivatives is not risky, happenings like price dropping below zero have not taken place in stocks. In 2020, crude oil prices briefly dropped below $0 a barrel, triggered by supply glut and a drop in demand. Another incident is the nickel short squeeze in early 2022 as a result of the Russia-Ukraine war. Short sellers quickly liquidated their positions, leading to price surging over 100 per cent in less than three months. CommentsNavy sailor charged with negligent homicide after Yorktown patrol boat incident
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WASHINGTON — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. The decision by special counsel Jack Smith, who had fiercely sought to hold Trump criminally accountable for his efforts to subvert the 2020 election, represented the end of the federal effort against the former president following his election victory this month despite the election-related cases and multiple other unrelated criminal charges against him and is headed back to the White House. The decision, revealed in court filings, also amounts to a predictable but nonetheless stunning conclusion to criminal cases that had been seen as the most perilous of the multiple legal threats Trump has faced. It reflects the practical consequences of Trump’s victory, ensuring he enters office free from scrutiny over his hoarding of top secret documents and his efforts to overturn the 2020 presidential election he lost to Democrat Joe Biden. Smith’s team emphasized that the move to abandon the prosecutions, in federal courts in Washington and Florida, was not a reflection of their view on the merits of the cases but rather a reflection of their commitment to longstanding department policy. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in Monday’s court filing in the election interference case. The decision was expected after Smith's team began assessing how to wind down both the 2020 election interference case and the separate classified documents case in the wake of Trump's victory over Vice President Kamala Harris. The Justice Department believes Trump can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted. Trump has cast both cases as politically motivated, and had vowed to fire Smith as soon as he takes office in January. The 2020 election case brought last year was once seen as one of the most serious legal threats facing the Republican as he vied to reclaim the White House. But it quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence they planned to use against him at trial, accusing him of using “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden.CYPRESS LAKE, Fla. (AP) — Kam Craft and Peter Suder both had 18 points in Miami (OH)'s 70-58 victory against Siena on Monday. Read this article for free: Already have an account? To continue reading, please subscribe: * CYPRESS LAKE, Fla. (AP) — Kam Craft and Peter Suder both had 18 points in Miami (OH)'s 70-58 victory against Siena on Monday. Read unlimited articles for free today: Already have an account? CYPRESS LAKE, Fla. (AP) — Kam Craft and Peter Suder both had 18 points in Miami (OH)’s 70-58 victory against Siena on Monday. Craft added five rebounds for the RedHawks (3-2). Suder shot 7 of 9 from the floor, including 1 for 3 from 3-point range, and 3 for 3 from the line. Eian Elmer shot 4 for 8 (2 for 4 from 3-point range) and 5 of 5 from the free-throw line to finish with 15 points. The Saints (3-3) were led by Major Freeman, who recorded 15 points. Brendan Coyle added 12 points for Siena. Justice Shoats had 12 points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. AdvertisementNone
Bronchos open new season with win over SnyderWilliam & Mary’s football playoff hopes evaporate in one-sided loss at RichmondCHARLOTTE, N.C. — Detroit guard Cade Cunningham left Thursday night’s game in Charlotte in the final minute of regulation due to a left hip injury and did not play in overtime as the Pistons fell to the Hornets. Cunningham fell hard to the floor after getting fouled by Grant Williams with 48 seconds left in the game. He made both free throws to briefly give the Pistons the lead before leaving, and the Pistons lost 123-121. Pistons head coach J.B. Bickerstaff offered no update on Cunningham’s status after the game. Cunningham finished with 27 points and 10 assists for the Pistons, who lost their second straight game to a Hornets team that got a career-high 38 points from Brandon Miller and 35 from LaMelo Ball.
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