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China Life Insurance Group, one of the leading insurance companies in China, has recently announced its financial performance for the first 11 months of the year. According to the latest report, the company's accumulated original insurance premium income has reached approximately RMB 644.3 billion, representing a growth of 4.8% compared to the same period last year.According to eyewitnesses, the passenger began to exhibit symptoms of respiratory distress shortly after takeoff from Wuhan. The cabin crew immediately sprang into action, providing oxygen and emergency medical assistance to the affected passenger. Despite their best efforts, the passenger's condition worsened, and they ultimately lost consciousness.
Kansas holds off Auburn for No. 1 in AP Top 25 as SEC grabs 3 of top 4 spots; UConn slides to No. 25 Kansas continues to hold the No. 1 ranking in The Associated Press Top 25 men’s college basketball poll. Auburn is pushing the Jayhawks in the latest poll after winning the Maui Invitational and checked in at No. 2. Two-time reigning national champion UConn nearly fell out entirely after an 0-3 week at Maui, falling from No. 2 to 25th. The Southeastern Conference had three of the top four teams with No. 3 Tennessee and No. 4 Kentucky behind the Tigers. The poll featured six new teams, headlined by No. 13 Oregon, No. 16 Memphis and No. 18 Pittsburgh. TCU, Duke climb into top 10, Notre Dame drops in women's AP Top 25; UCLA and UConn remain 1-2 TCU has its best ranking ever in The Associated Press Top 25 women’s basketball poll after a convincing win over Notre Dame. The Horned Frogs jumped eight spots to No. 9, the first time the school has ever been in the top 10. The Fighting Irish, who were third last week, fell seven spots to 10th after losses to TCU and Utah. UCLA remained No. 1, followed by UConn, South Carolina, Texas and LSU. USC, Maryland and Duke are next. Houston's Al-Shaair apologizes for hit on Jacksonville's Lawrence that led to concussion HOUSTON (AP) — Houston’s Azeez Al-Shaair took to X to apologize to Jacksonville’s Trevor Lawrence after his violent blow to the quarterback’s facemask led to him being carted off the field with a concussion. Back in the starting lineup after missing two games with a sprained left shoulder, Lawrence scrambled left on a second-and-7 play in the second quarter of Houston’s 23-20 win on Sunday. He initiated a slide before Al-Shaair raised his forearm and unleashed on the defenseless quarterback. In the long post, Al-Shaair says "To Trevor I genuinely apologize to you for what ended up happening.” Philadelphia ready to go the distance with RockyFest week dedicated to 'Rocky' movies PHILADELPHIA (AP) — Rocky Balboa fans are ready to go the distance to honor Philly’s favorite fictional fighter almost 50 years after the first movie launched the enduring series of an underdog boxer persevering despite the odds. The city Rocky called home at last has a week dedicated to the box office heavyweight champion of the world a year after the inaugural Rocky Day was held at the Philadelphia Museum of Art steps. RockyFest officially kicks off Tuesday and a series of events dedicated to the movies series are set to be held around the city. How to sum up 2024? The Oxford University Press word of the year is 'brain rot' LONDON (AP) — Oxford University Press has named “brain rot” its word of the year. It's defined as “the supposed deterioration of a person’s mental or intellectual state,” especially from consuming too much low-grade online content. Oxford University Press said Monday that the phrase “gained new prominence in 2024,” with its frequency of use increasing 230% from the year before. It was chosen by a combination of public vote and language analysis by Oxford lexicographers. The five other word-of-the-year finalists were demure, slop, dynamic pricing, romantasy and lore. Oxford Languages President Casper Grathwohl said the choice of phrase “feels like a rightful next chapter in the cultural conversation about humanity and technology.” Scientists gather to decode puzzle of the world's rarest whale in 'extraordinary' New Zealand study WELLINGTON, New Zealand (AP) — Scientists and culture experts in New Zealand have begun the first-ever dissection of a spade-toothed whale, the world's rarest whale species. The creature, which washed up dead on a beach on New Zealand's South Island in July, is only the seventh specimen ever found. None has ever been seen alive at sea. Almost nothing is known about it but scientists, working with Māori cultural experts, hope to answer some of the many lingering questions this week, including where they live, what they eat, how they produce sound and how this specimen died. Hong Kong launches panda sculpture tour as the city hopes the bear craze boosts tourism HONG KONG (AP) — Thousands of giant panda sculptures will greet residents and tourists starting on Saturday in Hong Kong, where enthusiasm for the bears has grown since two cubs were born in a local theme park. The 2,500 exhibits will be publicly displayed at the Avenue of Stars in Tsim Sha Tsui, one of Hong Kong’s popular shopping districts, this weekend before setting their footprint at three other locations this month. The displays reflect Hong Kong’s use of pandas to boost its economy as the Chinese financial hub works to regain its position as one of Asia’s top tourism destinations. Violent hit on Jaguars QB Trevor Lawrence 'has no business being in our league,' coach says JACKSONVILLE, Fla. (AP) — Jacksonville Jaguars quarterback Trevor Lawrence was carted off the field after taking a violent elbow to the facemask from Houston linebacker Azeez Al-Shaair. It prompted two sideline-clearing scuffles. Lawrence clenched both fists after the hit, movements consistent with what’s referred to as the “fencing response,” which can be common after a traumatic brain injury. Lawrence was on the ground for several minutes as teammates came to his defense and mobbed Al-Shaair. Lawrence eventually was helped to his feet and loaded into the front seat of a cart to be taken off the field. He was not transported to a hospital. He was quickly ruled out with a concussion, though. Al-Shaair and Jaguars rookie cornerback Jarrian Jones were ejected after the first altercation. Big Ten fines Michigan and Ohio State $100,000 each for postgame melee ROSEMONT, Ill. (AP) — The Big Ten Conference has announced it fined Michigan and Ohio State $100,000 each for violating the conference’s sportsmanship policy for the on-field melee at the end of the Wolverines’ win in Columbus .A fight broke out at midfield Saturday after the Wolverines’ 13-10 victory when Michigan players attempted to plant their flag on the OSU logo and were confronted by the Buckeyes. Police used pepper spray to break up the players, who threw punches and shoves. One officer suffered a head injury when he was “knocked down and trampled while trying to separate players fighting." The officer was taken to a hospital and has since been released. Marshall Brickman, who co-wrote 'Annie Hall' with Woody Allen, dies at 85 NEW YORK (AP) — The Oscar-winning screenwriter Marshall Brickman, whose wide-ranging career spanned some of Woody Allen’s best films, the Broadway musical “Jersey Boys” and a number of Johnny Carson’s most beloved sketches, has died. He was 85. Brickman died Friday in Manhattan, his daughter Sophie Brickman told The New York Times. No cause of death was cited. Brickman was best known for his extensive collaboration with Allen, beginning with the 1973 film “Sleeper.” Together, they co-wrote “Annie Hall," “Manhattan” and “Manhattan Murder Mystery." The loosely structured script for “Annie Hall,” in particular, has been hailed as one of the wittiest comedies. It won Brickman and Allen an Oscar for best original screenplay.
Alibaba, a global tech giant known for its e-commerce platforms and cloud services, has quickly responded to the situation, assuring users and stakeholders that necessary measures are being taken to address the issue. In a statement released to the press, the company emphasized that the safety and security of data are of utmost importance and that they are working tirelessly to restore normal operations as soon as possible.
NORTHVILLE, Mich., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that Jonathan (“Jon”) Douyard will join the Company’s leadership team as Executive Vice President, Chief Financial Officer and Treasurer, effective January 1, 2025. Douyard will lead all of Gentherm’s finance, treasury, investor relations, and IT operations on a global basis, reporting to Gentherm’s next President and CEO, Bill Presley. Douyard succeeds Matteo Anversa, who served as CFO until September 2024 when he left the position to accept the role of CFO for Logitech International. “Jon’s experience includes deep technical knowledge and financial acumen with 25 years of global finance experience. We believe he will be a strong addition to the Gentherm leadership team,” said Phil Eyler, Gentherm’s President and CEO. “The Board of Directors, Gentherm’s next CEO Bill Presley, and I worked together to identify the strongest CFO candidate, and Jon was our unanimous choice. He has a proven track record of delivering profitable growth through business cycles, and his appointment underscores Gentherm’s commitment to driving shareholder value.” “I am excited to join such an innovative company with strong momentum, a clear mission and vision for the future,” said Douyard. “Gentherm is well positioned for growth, and I look forward to partnering with Bill and the global Gentherm team to continue to drive financial excellence, operational efficiency, and a sustainable next generation of growth.” Douyard joins Gentherm from The Shyft Group (NASDAQ: SHYF), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets, where he was CFO since March 2020. At Shyft, he played a key role in driving financial performance, generating cash flow, managing merger and acquisition activities, strengthening corporate controls and processes, and developing the finance organization. Prior to Shyft, Douyard spent four years as CFO for Fluke Corporation, a leading global industrial technology company within Danaher / Fortive, where he led the Finance and IT functions. Prior to Fluke, he spent 15 years in key financial leadership positions at United Technologies and General Electric. He joined Sikorsky Aircraft, a leader in the design, manufacture, and service of military and commercial helicopters, in 2012 where he served as the CFO, Commercial Systems and Services at United Technologies’ Sikorsky Aircraft division. Douyard began his career with GE in 2001, where he served in multiple divisional CFO and financial planning roles and was also a graduate of the Financial Management Program and Corporate Audit Staff. Douyard holds a Bachelor of Science in Finance from Bentley University and has earned Six Sigma Black Belt and Green Belt certifications. Investor Contact Gregory Blanchette investors@gentherm.com 248.308.1702 Media Contact Melissa Fischer media@gentherm.com 248.289.9702 About Gentherm Gentherm (NASDAQ: THRM) is the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems. Automotive products include variable temperature Climate Control Seats, heated automotive interior systems (including heated seats, steering wheels, armrests and other components), battery performance solutions, cable systems, lumbar and massage comfort solutions, valve system technologies, and other electronic devices. Medical products include patient temperature management systems. The Company is also developing a number of new technologies and products that will help enable improvements to existing products and to create new product applications for existing and new markets. Gentherm has more than 14,000 employees in facilities in the United States, Germany, China, Czech Republic, Hungary, Japan, Malta, Mexico, Morocco, North Macedonia, South Korea, United Kingdom, Ukraine, and Vietnam. For more information, go to www.gentherm.com . Forward-Looking Statements Except for historical information contained herein, statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Gentherm Incorporated's goals, beliefs, plans and expectations about its prospects for the future and other future events. The forward-looking statements included in this release are made as of the date hereof or as of the date specified herein and are based on management's reasonable expectations and beliefs. In making these statements we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. Such statements are subject to a number of important assumptions, significant risks and uncertainties (some of which are beyond our control) and other factors that may cause actual results or performance to differ materially from that described in or indicated by the forward-looking statements, including but not limited to: macroeconomic, geopolitical and similar global factors in the cyclical Automotive industry; increasing U.S. and global competition, including with non-traditional entrants; our ability to effectively manage new product launches and research and development, and the market acceptance of such products and technologies; the evolution and recent challenges of the automotive industry towards electric vehicles, autonomous vehicles and mobility on demand services, and related consumer behaviors and preferences; our ability to convert automotive new business awards into product revenues; the recent supply-constrained environment, and inflationary and other cost pressures; the production levels of our major customers and OEMs in our key markets and sudden fluctuations in such production levels; our business in China, which is subject to unique operational, competitive, regulatory and economic risks; our ability to attract and retain highly skilled employees, including executives, and wage inflation; a tightening labor market, labor shortages or work stoppages impacting us, our customers or our suppliers, such as recent labor strikes among certain OEMs and suppliers; our achievement of product cost reductions to offset customer-imposed price reductions or other pricing pressures; our product quality and safety and impact of product safety recalls and alleged defects in products; our ability to integrate our recent acquisitions and realize synergies, as well as to consummate additional strategic acquisitions, investments and exits, and achieve planned benefits; any security breaches and other disruptions to our information technology networks and systems, as well as privacy, data security and data protection risks; the impact of our global operations, including our global supply chain, operations within Ukraine, economic and trade policies, and foreign currency and exchange risk; any loss or insolvency of our key customers and OEMs, or key suppliers; our efforts to optimize our global supply chain and manufacturing footprint, including near-term expense headwinds from new facilities; our ability to project future sales volume based on third-party information, based on which we manage our business; the protection of our intellectual property in certain jurisdictions; our compliance with anti-corruption laws and regulations; legal and regulatory proceedings and claims involving us or one of our major customers; the extensive regulation of our patient temperature management business; risks associated with our manufacturing processes; the effects of climate change and catastrophic events, as well as regulatory and stakeholder-imposed requirements to address climate change and other sustainability issues; our product quality and safety; our borrowing availability under our revolving credit facility, as well ability to access the capital markets, to support our planned growth; and our indebtedness and compliance with our debt covenants. The foregoing risks should be read in conjunction with the Company's reports filed with or furnished to the Securities and Exchange Commission (the “SEC”), including “Risk Factors,” in its most recent Annual Report on Form 10-K and subsequent SEC filings, for a discussion of these and other risks and uncertainties. In addition, with reasonable frequency, we have entered into business combinations, acquisitions, divestitures, strategic investments and other significant transactions. Such forward-looking statements do not include the potential impact of any such transactions that may be completed after the date hereof, each of which may present material risks to the Company’s future business and financial results. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Baraa Anwer, The Associated Press Dec 13, 2024 2:40 PM Dec 13, 2024 2:50 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message A view of the Red Sea International Film Festival banner displayed in Jeddah, Saudi Arabia, Thursday, Dec. 5, 2024. (AP Photo/Baraa Anwer) JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Roula Dakheelallah was named the winner of the Chopard Emerging Saudi Talent award at the Red Sea International Film Festival on Thursday. The award — and the glitzy festival itself — is a sign of Saudi Arabia's commitment to shaping a new film industry. “My heart is attached to cinema and art; I have always dreamed of a moment like this,” Dakheelallah, who still works a 9-5 job, told The Associated Press before the awards ceremony. “I used to work in voluntary films and help my friends in the field, but this is my first big role in a film.” The reopening of cinemas in 2018 marked a cultural turning point for Saudi Arabia, an absolute monarchy that had instituted the ban 35 years before, under the influence of ultraconservative religious authorities. It has since invested heavily in a native film industry by building theaters and launching programs to support local filmmakers through grants and training. The Red Sea International Film Festival was launched just a year later, part of an attempt to expand Saudi influence into films, gaming, sports and other cultural fields. Activists have decried the investments as whitewashing the kingdom’s human rights record as it tightly controls speech and remains one of the world’s top executioners. With FIFA awarding the 2034 World Cup to Saudi Arabia this week, Lina al-Hathloul, a Saudi activist with the London-based rights group ALQST, said Crown Prince Mohammad bin Salman “has really managed to create this bubble where people only see entertainment and they don’t see the reality on the ground.” These efforts are part of Vision 2030, an ambitious reform plan unveiled in 2016 to ease the economy's dependence on oil. As part of it, Saudi Arabia plans to construct 350 cinemas with over 2,500 movie screens — by this past April, across 22 cities, it already had 66 cinemas showing movies from the local film industry, as well as Hollywood and Bollywood. (The Red Sea International Film Festival attracts a host of talent from the latter industries, with Viola Davis and Priyanka Chopra Jonas also picking up awards Thursday.) The country's General Entertainment Authority last month opened Al Hisn Studios on the outskirts of Riyadh. As one of the largest such production hubs in the Middle East, it not only includes several film studios but also a production village with workshops for carpentry, blacksmithing and fashion tailoring. “These facilities, when they exist, will stimulate filmmakers,” said Saudi actor Mohammed Elshehri. “Today, no writer or director has an excuse to imagine and say, ‘I cannot implement my imagination.’” The facilities are one part of the equation — the content itself is another. One of the major players in transforming Saudi filmmaking has been Telfaz11, a media company founded in 2011 that began as a YouTube channel and quickly became a trailblazer. Producing high-quality digital content such as short films, comedy sketches and series, Telfaz11 offered fresh perspectives on Saudi and regional issues. In 2020, Telfaz11 signed a partnership with Netflix to produce original content for the streaming giant. The result has been movies that demonstrate an evolution on the storytelling level, tackling topics that were once off-limits and sensitive to the public like secret nightlife in “Mandoob” (“Night Courier”) and changing social norms in “Naga.” “I think we tell our stories in a very simple way, and that’s what reaches the world,” Elshehri says of the changing shift. “When you tell your story in a natural way without any affectation, it will reach every person.” But the films were not without their critics, drawing mixed reaction. Social media discoursed ranged from pleasure that Saudi film were tackling such topics to anger over how the films reflected conservative society. As Hana Al-Omair, a Saudi writer and director, points out, there are still many stories left untold. “We certainly have a long time ahead of us before we can tell the Saudi narrative as it should be,” she said, acknowledging that there are still barriers and rampant censorship. “The Goat Life,” a Malayalam-language movie about an Indian man forced to work without pay in Saudi Arabia, is not available on Netflix's platform in the country. Movies that explore political topics or LGBTQ+ stories are essentially out of the question. Even “My Driver and I,” featured at the Red Sea festival alongside 11 other Saudi feature-length films, was initially too controversial. It centers on a Sudanese man in Jeddah, living away from his own daughter, who feels responsible for the girl he drives as her parents are absent. It was initially blocked from being made because of the relationship between the girl and the driver, filmmaker Ahd Kamel has said, even though it's not a romantic relationship. Now in 2024, the film is a success story — a symbol of the Saudi film industry's evolution as well as the growing role of women like Kamel behind the camera and Dakheelallah in front of it. “I see the change in Saudi cinema, a very beautiful change and it is moving at a wonderful speed. In my opinion, we do not need to rush,” Dakheelallah said. “We need to guide the truth of the artistic movement that is happening in Saudi Arabia.” Baraa Anwer, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Entertainment News How to write a holiday rom-com for TV, according to the experts Dec 13, 2024 3:16 PM Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise Dec 13, 2024 2:53 PM Unique among 'Person of the Year' designees, Donald Trump gets a fact-check from Time magazine Dec 13, 2024 2:46 PM Featured Flyer
China concluded the much-awaited annual Central Economic Work Conference (CEWC) on Dec 12, outlining the government’s main economic objectives and policy plans for 2025, which are largely in line with our CEWC preview and Politburo meeting. As usual, key growth and policy targets were not announced at CEWC but will be released at the National People’s Congress (NPC) meeting next March. The CEWC recognized the growth headwinds from domestic demand weakness and external uncertainties, although the potential higher US tariffs was not cited explicitly. Therefore, the CEWC prioritized “stabilizing growth” as the central task and emphasized boosting domestic demand with more proactive macro policies, with “reviving household consumption” listed as a top task. In particular, the government highlighted its comprehensive goals of achieving stable growth, stable employment and “reasonable rebound” of inflation, the latter of which is a direct response to the lingering deflation pressure and an important anchor for market expectation and policy setting. Overall speaking, the CEWC set a much more supportive macro policy tone to stabilize growth, while more details are still set to be revealed later. More specifics expected throughout 2025-26 Our baseline forecast assumes that a plan of higher US tariffs may be released in Q1 2025 and implemented in stages starting from Q3 2025. Therefore, after the March NPC unveils next year’s overall policy stimulus package, we think the government may also ramp up additional policy support in stages throughout the rest of 2025 and in 2026, as macro situations develop, higher tariffs are announced and their impact is felt. Some of the proposed policy targets and measures in the CEWC may be revised in the NPC meeting. The CEWC emphasized more expectation management, better policy coordination and stronger local incentives. Some market participants and policy advisors may expect China to set 2025’s growth target at “around 5 percent” again to anchor market expectations, which we think is very challenging to achieve. We see China’s GDP growth slowing to around 4 percent in 2025, as headwinds from the lingering property downturn and potential higher US tariffs may be partly offset by stronger policy support. ‘More proactive’ fiscal policy The CEWC called for “more proactive” fiscal policy, a tone similar to that in 2020 when China expanded overall fiscal support notably. It indicates a broadly stronger fiscal expansion in 2025. The CEWC explicitly called for higher headline fiscal deficit, more issuance of ultra-long special treasury bonds (CGB) and special local government bonds (LGB), and improving fiscal spending structure (to support social welfare and consumption), with a key focus to scale up fiscal subsidies for trade-in program of consumer goods and equipment upgrading. The government also mentioned rolling out policy measures to boost childbirth, which we think may include the establishment of a subsidy scheme for families with young children. Our baseline forecast assumes 2 percentage point of GDP expansion in augmented fiscal deficit (AFD) in 2025 and another 1 percentage point AFD expansion in 2026. The former in 2025 includes a higher headline budget deficit of close to 4 percent of GDP (3.5-4 percent), larger ultra-long special CGB issuance of RMB 2 trillion, another RMB 500-1000 billion issuance of special CGB for capital injections to banks, and more special LGB issuance of RMB 4.5-5 trillion to support local debt swap and home inventory destocking. Overall speaking, total issuance of government bonds may increase by over RMB 3.5 trillion in 2025 from 2024. Easier monetary policy with additional rate cuts As highlighted in the Politburo meeting and we had expected, the CEWC vowed to take a “moderately easy” monetary policy stance, which is an explicit shift from the “prudent” tone that China had set during 2011-2024. The tone for 2025 is the same as that in 2008-2010, when China eased monetary policy aggressively to revive the economy after the global financial crisis. It indicates more convincing monetary policy easing ahead, although monetary policy room in 2025-2026 is much more limited than 15 years ago. The government explicitly called for cutting (reserve requirement ratio) RRR and policy rates, maintaining ample liquidity, stabilizing financial market and housing market, and guiding prices to recovery appropriately. Our baseline forecast expects the PBoC to cut policy rate by 30-40 basic points in 2025 and another 20-30 basic points in 2026, which could help lead to more cuts in LPR and mortgage rates. We think the PBoC may also use various facilities (including more outright REPO of government bonds) to maintain ample liquidity and support faster total social financing credit growth in 2025. Boosting consumption a top priority The CEWC prioritized “boosting consumption” as the first key policy task, and called for implementing a special action plan for it. As expected, the government vowed explicitly to expand the scale and coverage of trade-in subsidies of consumer goods. We continue to expect the size of trade-in program may more than double to over RMB 300 billion in 2025 from RMB 150 billion in 2024, with expanded coverage for consumer electronics and some general consumption coupons, on top of auto and home appliances in 2024. As we anticipated before, the CEWC planned to “properly” increase pension payout levels for retired employees and urban-rural households, and increase the subsidy standard for household health insurance. These measures could gradually help underpin household confidence and unleash consumption potential in the long run, although the scale of additional fiscal spending may be not big in 2025. In addition, despite no mention from the CEWC, we think the government may create childcare / childbirth subsidies for families with young children, which could reach up to RMB 200 billion or more per year. Stabilizing housing market a top task The CEWC continue to emphasize stabilizing the housing market as a top policy task, with more forceful implementation of urban village renovation, unlocking the full potential of fundamental and upgrading housing demand, reasonable control of new land supply, and more progress of home inventory destocking.If the planned 1 million units of urban village renovation could be completed rapidly in one year (2025) with the help of government subsidies predominately, it could contribute to over 12 percent of annual residential sales and facilitate more progress in inventory destocking. In the coming year, we think the government will also urge banks to increase support for the white-list scheme to ensure home deliveries of stalled projects. That said, policy execution is the key. We think it may still take some time for the government to adjust policy design and address the bottleneck restrictions for the destocking program, especially in setting clear guidelines about purchase price and enhancing incentives of local governments and developers. More innovation and support for private sector, less rat-race, more opening-up The CEWC vowed to push forward more structure reforms, as the government had outlined in the third plenum of the 20th Central Committee of the Communist Party of China. Some key areas are highlighted in the CEWC, such as: boosting high quality growth with stronger support for innovation, enacting legislation on facilitating the development of the private sector, implementing a special action plan to crack down the misconduct in the law enforcement related to the corporate sector, and enhancing local government’s fiscal capacity. In addition, the CEWC called for rectifying “rat-race” style competition and standardizing related behaviors of local governments and corporates, partly echoing the recent criticism of China’s over-capacity issue. Despite the risk of higher US tariffs and more restrictions, the CEWC reiterated China’s determination to further open up its domestic market and integrate with the global supply chain. The CEWC reiterated maintaining a largely stable RMB exchange rate at its “equilibrium level”, while we think 5 plus percent RMB deprecation against the US dollar could be allowed to partly absorb the external shock from potential higher US tariffs. We think the government will likely closely manage the magnitude and pace of RMB depreciation, and we do not envisage the active use of currency depreciation as a macro policy tool. Source: chinadaily.com.cn
Aliyun Data Center Fire: Official Response - Extinguished in 10 Minutes, Cloud Services UnaffectedIn conclusion, while the temporary suspension of medical services at the top-tier hospital in Guangzhou may cause inconvenience for patients in the short term, the renovation project is a necessary step to improve the quality of healthcare services provided by the hospital in the long run. Patients are encouraged to stay informed and patient during this transition period and to seek alternative healthcare options as needed. The hospital administration is committed to ensuring a smooth and successful renovation process and looks forward to welcoming patients back to a newly renovated and improved healthcare facility in the near future.The head of Ottawa's transit service says we will learn more about the launch of O-Train Line 2 and 4 next week, as the north-south light rail line remains closed to passengers. The much anticipated Trillium Line is more than two years behind schedule and is beyond the mid-November target Transit Services general manager Renée Amilcar had suggested when the line passed its trial running earlier this fall. In a memo to city councillors and the mayor Tuesday, Amilcar said TransitNext, the consortium responsible for building the line, has officially achieved substantial completion after submitting its notice last week. "The City is now focused on the process and remaining activities to achieve revenue service. Lines 2 and 4 are federally regulated and require regulatory reviews and two certificates. This work has been ongoing, and the City is seeking a Certificate of Fitness from the Canadian Transportation Agency and confirmation of the notice of change in operations for the Railway Operating Certificate from Transport Canada. Both are required before the system can open to the public," she wrote. Amilcar said additional work includes: The 'dress rehearsal' of Lines 2 and 4 will be held on Saturday with staff members and their families simulating customers riding on the trains. A technical briefing for members of council to provide additional details on the progress towards revenue service will be held on Dec. 6. This pushes the possible opening date of the line into December. A "soft launch" is expected when the line officially opens for passengers, likely on a weekend. Line 2 travels between Bayview Station in the north and Limebank Station in the south. Line 4 is a spur between South Keys Station and the Ottawa International Airport. Line 2 directly serves Carleton University. The final day of the fall term is Dec. 6, with exams scheduled to take place between Dec. 9 and 21. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks The Ultimate 2024 Holiday Gift Guide For Nature Lovers And Outdoor Adventurers 27 Of The Absolute Best Stocking Stuffers For Men 24 Of The Best Host And Hostess Gifts You Can Find Online Right Now Home Our Guide To The Best Home Weather Stations In Canada In 2024 (And Where To Get Them) Our Guide To The Best Stand Mixers In Canada In 2024 (And Where To Get Them) Our Guide To The Best Nespresso Machines in Canada in 2024 (And Where to Get Them) Gifts 22 Gifts That Are Guaranteed To Impress Just About Anyone 15 Useful Amazon Products That Make Great Stocking Stuffers 19 Of The Best Tech Gifts Under $100 Beauty 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit If You Suffer From Dry Skin, You'll Want To Add At Least One Of These Hydrating Moisturizers To Your Cart Deals Upgrade Your Cat’s Bathroom: Litter-Robot's Black Friday Sale Is Here Early Black Friday Deal: Save Up To 60% On Emma Sleep Mattresses And Sleep Bundles These Grippy Non-Slip Socks Will Level Up Your Pilates Practice, And They're On Sale Right Now For Black Friday Ottawa Top Stories 'It's insulting:' Ontario premier slams Trump on Canadian tariff threat O-Train Line 2 and 4 opening pushed into December at the earliest Questions regarding photo radar tickets in Ottawa amid postal workers' strike More winter weather expected this week in Ottawa Ottawa police 'Purse Project': Need for feminine hygiene products greater than ever Ottawa man accused of anti-Asian hate crimes facing additional charge of attempted murder Land near Dow's Lake being cleared in advance of new Civic Campus construction Serial killer Paul Bernardo denied parole for a third time: Key moments from today's hearing CTVNews.ca Top Stories Paul Bernardo denied parole after victims' families plead he be kept behind bars Notorious killer and rapist Paul Bernardo has been denied parole for a third time after the families of his victims made an emotional plea to the Parole Board of Canada on Tuesday to keep him behind bars. Loonie tanks after Trump threatens tariffs on Canadian goods The Canadian dollar fell to its lowest level since May 2020 after Donald Trump threatened to impose tariffs on Canadian goods shipped to the United States once he takes office in January. Should Canada retaliate if Trump makes good on 25 per cent tariff threat? After U.S. president-elect Donald Trump threatened to impose a 25 per cent tariff on all Canadian imports on his first day back in the White House unless his border concerns are addressed, there is mixed reaction on whether Canada should retaliate. 'We need to do better': Canadian leaders respond to Trump's border concerns As U.S. president-elect Donald Trump threatens Canada with major tariffs, sounding alarms over the number of people and drugs illegally crossing into America, Conservative Leader Pierre Poilievre and some premiers say they agree that more could be done. Biden says Israel-Hezbollah ceasefire will take effect Wednesday morning A ceasefire between Israel and Lebanon's Hezbollah will take effect on Wednesday after both sides accepted an agreement brokered by the United States and France, U.S. President Joe Biden said on Tuesday. As Trump vows major tariff hike, a look at what the U.S. imports from Canada Some Canadian products could face huge tariffs on the first day of Donald Trump's administration in January. Here’s a quick look at what the U.S. imports from Canada. Longtime member of Edmonton theatre community dies during 'A Christmas Carol' performance Edmonton's theatre community is in mourning after an actor died during a performance of "A Christmas Carol" at the Citadel Theatre on Sunday. Police chief says 'extreme left group' behind Montreal protest violence; Legault calls for more arrests Quebec Premier Francois Legault is putting pressure on the Montreal police to arrest everyone involved in an anti-NATO protest that turned violent last week. Canadian government suspends contracts with Boissonnault's former company The medical supply company co-founded by Liberal MP and former minister Randy Boissonnault has been suspended from bidding on or entering into contracts with the Government of Canada. Atlantic Nova Scotians head to the polls to vote in snap election; results delayed by an hour Nova Scotians are casting their votes Tuesday in a snap provincial election, but they won't learn the outcome until after 9 p.m., due to a delayed opening at a polling station. N.S. man charged with attempted murder after assault left victim with significant injuries A 30-year-old man is facing an attempted murder charge after an alleged assault in Denmark, N.S., on Monday. N.S. lobster buyer calls for heightened policing after shot fired into Meteghan home A lobster buyer in Meteghan, N.S., is looking for increased policing and a community-wide push aimed at organized crime after a bullet was fired into his home on Saturday night. Toronto Ford says Trump's proposed 25 per cent tariff on Canadian goods like 'a family member stabbing you right in the heart' Ontario Premier Doug Ford says a 25 per cent tariff on all Canadian goods proposed by U.S. president-elect Donald Trump is akin to 'a family member stabbing you right in the heart.' Serial killer Paul Bernardo denied parole for a third time: Key moments from today's hearing Notorious killer Paul Bernardo has been denied parole for a third time following a hearing before the Parole Board of Canada. Wanted suspect shot at passing vehicles on Highway 401 in Mississauga: OPP Ontario Provincial Police are looking for a man who they say shot at several vehicles on Highway 401 in Mississauga Tuesday morning. Montreal Cinemas Guzzo closing West Island theatre amid major financial troubles Cinemas Guzzo owner and reality TV star Vincenzo (Vince) Guzzo said he will close the Cinema Des Sources location as he faces financial trouble and fights to save his business. 'Broken lives and families': former members of Quebec religious community speak out Several former members of fringe religious community the Mission de L’Esprit Saint are urging the Quebec government to intervene following claims that it was a cult that brainwashed some members. Their stories are being told in a new documentary by Noovo Info. Man, 26, extradited from France to charges in deadly 2023 beating outside Orange Julep Montreal police say a man has been arrested in France and extradited to Canada to face charges in connection with a deadly assault outside the city's Orange Julep restaurant in May 2023. Northern Ontario Police seize $1M in drugs in northwestern Ont. bust Suspects from Alberta and B.C. are in custody after Ontario Provincial Police made a massive drug bust at a rental unit near Kenora, Ont. Sudbury resident scammed out of $20K, suspect from southern Ont. charged A 21-year-old from southern Ontario has been charged with several offences after a victim from Greater Sudbury was tricked into giving him $20,000. Loitering causing safety concerns by fire station in downtown Sudbury There is enhanced security outside the main fire hall in downtown Sudbury in response to safety concerns. Windsor Two suspects wanted for pharmacy break-in Windsor police are searching for two suspects after a break-in at a pharmacy on Tecumseh Road East. Lakeshore man facing more sex assault charges after second alleged victim comes forward Essex County OPP say a Lakeshore man is facing more sexual assault charges after a second alleged victim has come forward. Amicable end proposed for former Grace Hospital site The Corporation of the City of Windsor and Fairmount Properties LLC issued a joint statement about the former Grace Hospital site near downtown Windsor. London Police look to identify 3 suspects in shooting investigation, arrest 4th suspect London police are asking the public for help identifying suspects involved in a break, enter and shooting investigation. Sarnia councillor won't apologize to mayor and staff for vulgar attacks during meeting A controversial Sarnia councillor is under fire for a vulgar exchange during a city budget meeting on Tuesday. 'What I envision is a low barrier shelter': Woodstock council endorses mayor’s proposal for homelessness service centre Woodstock City Council has endorsed a proposal by Mayor Jerry Acchione to create a new shelter for those currently living on Woodstock streets and in encampments. Kitchener Guelph man guilty in hit-and-run crash that killed cyclist A Guelph man has pleaded guilty to leaving the scene of a crash that resulted in the death of a cyclist and community advocate. Paul Bernardo denied parole after victims' families plead he be kept behind bars Notorious killer and rapist Paul Bernardo has been denied parole for a third time after the families of his victims made an emotional plea to the Parole Board of Canada on Tuesday to keep him behind bars. 24 arrests as part of Hamilton, Ont. street gang investigation, with ties to Toronto, Waterloo and Brantford Police in Hamilton, Ont. have arrested 24 people as part of a street gang investigation with connections to Toronto, Halton, Waterloo and Brantford. Barrie One person seriously injured in collision with dump truck Emergency crews are at the scene of a serious collision between a dump truck and a minivan in Clearview Township. Multi-vehicle crash involving dump truck sends 3 to hospital Three people were hospitalized after police say a dump truck struck four vehicles in Newmarket on Monday afternoon. Break-in and theft at Barrie business under investigation Police in Barrie are investigating an alleged break-in and theft from a business in the south end. Winnipeg Premier Kinew says Trump's tariffs would cause a recession in Manitoba Tariffs on Canadian goods headed to the United States would mean a recession in Manitoba. That is how Manitoba Premier Wab Kinew feels about comments from president-elect Donald Trump Monday. Portage la Prairie Mall closing after 45 years A beloved retail staple in Portage la Prairie, Man., is shutting its doors at the end of the year. 'They're scared to come to work': Winnipeg transit union calls for more safety measures amid rise in violence A string of recent violent attacks against operators and passengers has prompted the union to sound the alarm. Calgary TSB orders more training following incident involving plane in Calgary The Transportation Safety Board says an incident that involved a Westjet plane hitting the runway in Calgary earlier this year was connected to an issue with pilot training on a particular model of aircraft. 'We are a weak link': Canada's border security under the microscope following Trump tariff threat Canada’s border security has been thrust into the spotlight after president-elect Donald Trump threatened the country with a 25 per cent tariff on all goods, including energy coming into the U.S. Alberta to announce actions against Ottawa's proposed emissions cap The Alberta government is hitting back at the proposed federal emissions cap Tuesday afternoon. Edmonton Edmonton police officer charged with assault An Edmonton police officer has been charged with assault. 'We are a weak link': Canada's border security under the microscope following Trump tariff threat Canada’s border security has been thrust into the spotlight after president-elect Donald Trump threatened the country with a 25 per cent tariff on all goods, including energy coming into the U.S. Should Canada retaliate if Trump makes good on 25 per cent tariff threat? After U.S. president-elect Donald Trump threatened to impose a 25 per cent tariff on all Canadian imports on his first day back in the White House unless his border concerns are addressed, there is mixed reaction on whether Canada should retaliate. Regina Charged dropped against ex Regina high school teacher accused of sexual exploitation of student A former Regina high school teacher accused of having a sexual relationship with a 15-year-old female student was acquitted on Tuesday of all five charges he faced, Regina’s Court of King’s Bench confirmed to CTV News. SJHL game postponed in Weyburn over ammonia leak A hockey game scheduled between the Yorkton Terriers and Weyburn Red Wings has been postponed due to a "mechanical issue." Defence-called expert says Regina chiropractor accused of sexual assault followed industry standards An expert called by Ruben Manz’s defence counsel testified the Regina-based chiropractor, who is facing several sexual assault charges, followed the industry standard of care when treating the complainants. Saskatoon Saskatoon man hospitalized after he was allegedly stabbed in the forehead A man has been taken to hospital after he was allegedly stabbed in the forehead early on Tuesday. City to begin removing snow piled up across city Now that most major streets have been cleared of snow throughout Saskatoon, city crews will begin removing the snow. City of Saskatoon spent $300,000 on Bus Rapid Transit rebrand The Canadian Taxpayer’s Federation is criticizing the City of Saskatoon for spending more than $300,000 to brand the city’s bus rapid transit system as Link. Vancouver Doctor cautions northern B.C. residents about Influenza, COVID-19 and RSV As northern B.C. heads into colder days, Dr. Wenzhen Zuo offered preventive information on this respiratory illness season. B.C. court levies $4K fine, year-long ban for illegal fishing A British Columbia man was handed a $4,000 fine and a one-year fishing ban after he was caught using a gillnet to illegally catch salmon. Man who stabbed stranger at Vancouver Tim Hortons released to halfway house: police Vancouver police are warning the public that a man convicted in the random stabbing of a stranger at a downtown Tim Hortons in 2022 will once again be living at a halfway house in the city. Vancouver Island B.C. court levies $4K fine, year-long ban for illegal fishing A British Columbia man was handed a $4,000 fine and a one-year fishing ban after he was caught using a gillnet to illegally catch salmon. Man who stabbed stranger at Vancouver Tim Hortons released to halfway house: police Vancouver police are warning the public that a man convicted in the random stabbing of a stranger at a downtown Tim Hortons in 2022 will once again be living at a halfway house in the city. B.C. premier says Canada will negotiate from 'position of strength' on US tariff British Columbia Premier David Eby said Canada had to approach Donald Trump's plan to impose a 25 per cent U.S. tariff on Canadian goods from a position of strength, as business, trade and community organizations called for quick action on the trade threat. Kelowna Man in hospital following targeted shooting in Kamloops Police are appealing for information on a targeted shooting that resulted in the hospitalization of a man in Kamloops. Police cleared of fault in fatal 2023 crash in B.C.'s Interior British Columbia's independent police watchdog has cleared officers of wrongdoing in a crash where three people were killed south of Kamloops in July of last year. B.C. woman sentenced for stealing $14K in funds raised for schoolkids A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail. Stay Connected
Investors are closely monitoring the market dynamics and are assessing the impact of the regulatory changes on various industries. The Chinese government's efforts to reform and regulate sectors such as education, technology, and real estate have raised concerns about the profitability and growth prospects of companies operating in these areas.Danville is next up for the undefeated Tigers