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Caprock Group LLC Lowers Stock Position in Chunghwa Telecom Co., Ltd. (NYSE:CHT)BEIJING , Nov. 23, 2024 /PRNewswire/ -- A news report from chinadaily.com.cn : Representatives discuss hot topics faced by countries in digitalization China's forward-looking vision on the future development of the internet offers a glimpse into how cooperation can narrow the digital divide across the world, at a time when an economic slowdown and impeded globalization have stunted growth worldwide, said government officials and industry experts on Friday. They made the remarks at the 2024 World Internet Conference Wuzhen Summit that ended in Wuzhen, Zhejiang province on Friday. They also sought more global cooperation to advance the development of the internet in less-developed economies and enhance digital competence for all. Ren Xianliang, secretary-general of the WIC, said at a news conference, "More efforts should be made to help make the internet a new frontier for all parties to cooperate and continue to create more convergence of interests, growth points of cooperation and new highlights of win-win scenarios in cyberspace." "All parties around the world are expected to join hands to build a cyber world where human beings coexist, jointly create a digital future of win-win cooperation and make cyberspace better for all peoples of the world," he said. More than 1,800 representatives from governments, international organizations, industry associations, internet enterprises, universities and think tanks from over 130 countries and regions attended this year's summit, addressing some of the hottest topics faced by countries in digitalization. Teo Nie Ching , deputy minister of communications of Malaysia , said at the conference that digital transformation is not solely about technological advancement, but also a reflection of human values and actions. "As technology progresses, we must uphold a core principle of people-centered and holistic development to ensure that technological applications truly serve the common good and promote share to the progress," Teo said. A United Nations report found that 2.6 billion individuals globally still lack internet access and a sharp digital divide can also be observed among economies, among industries and between urban and rural areas. Although many less technologically advanced regions, such as Africa , possess a strong willingness to build an inclusive and equitable digital world, the rapid advancement of technologies often poses a huge challenge to developing countries — how to actively participate and keep pace with this growth, said Nii Narku Quaynor , chairman of Ghana Dot Com. Against this backdrop, reinforcing open access to internet channels, digital content and technologies can greatly benefit emerging economies in the digital world, he said. Eyeing a higher-level of inclusiveness, connectivity and cooperation in the internet sector, a statement on global digital cooperation was released by a sub-forum of the WIC. The statement highlighted the importance of advancing international cooperation on data exchange, enhancing cross-border data connectivity, and narrowing gaps in data circulation, as well as more initiatives to build an open and mutually beneficial international framework for data collaboration. Intensified efforts should also be made to deepen international exchanges on technology standards, ethical guidelines and legal frameworks, advancing a widely accepted global AI governance system, said the statement. It also called for human-centered and ethically sound approaches to cutting-edge technologies such as AI, encouraging safe, reliable, fair and transparent research and development as well as applications of AI. At the opening ceremony of WIC, Chinese Vice-Premier Ding Xuexiang also stressed the need for the international community to jointly deal with problems such as the digital divide and a grave cybersecurity situation to build a better digital future. The digital divide continues to widen, and the situation of cybersecurity has become more severe, Ding said, adding that the international community is in greater need than ever of jointly advancing a community with a shared future in cyberspace. China has been sharing the opportunities of modernization with countries around the world and injecting strong impetus into global modernization, Ding said. View original content to download multimedia: https://www.prnewswire.com/news-releases/china-set-to-narrow-digital-divide-302314740.html SOURCE chinadaily.com.cnLaws to regulate misinformation online abandoned - ABC News
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South Korean law enforcement officials have requested a court warrant to detain impeached president Yoon Suk Yeol as they investigate whether his short-lived declaration of martial law earlier this month amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the brief power grab, confirmed it requested the warrant from the Seoul Western District Court. They plan to question Yoon on charges of abuse of authority and orchestrating a rebellion. Yoon has dodged several requests by the joint investigation team and public prosecutors to appear for questioning and has also blocked searches of his offices. It's not clear whether the court will grant the warrant or whether Yoon can be compelled to appear for questioning. Under the country's laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge, and it's unlikely that Yoon will voluntarily leave his residence if he faces detainment. Source: AAP, AP / Ahn Young-joon The application by investigators marks the first attempt in South Korea's history to forcibly detain a president before the impeachment procedure is complete. Why was Yoon Suk Yeol impeached? Yoon's presidential powers were suspended after the National Assembly voted to impeach him on 14 December over his imposition of martial law on 3 December, which lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. It marked South Korea's first declaration of martial law in 40 years. Yoon's fate now lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Yoon from office or reinstate him. Yoon has defended the martial law decree as a necessary act of governance, describing it as a warning against the liberal opposition Democratic Party, which has been obstructing his agenda with its majority in the parliament. Political turmoil continues in South Korea Parliament voted last week to also impeach his replacement Prime Minister Han Duck-soo , who had assumed the role of acting president after Yoon's powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court's review of Yoon's case. The country's new interim leader is deputy prime minister Choi Sang-mok, who is also the finance minister. Yoon is being investigated by prosecutors as well as the joint team of police, defence and anti-corruption officials. He faces criminal charges of insurrection, which could result in life imprisonment or even the death penalty. A 10-page prosecutors' report stated Yoon authorised the military to fire their weapons if needed to enter parliament during his failed martial law bid. Yoon's lawyer Yoon Kab-keun dismissed the prosecutors' report, telling Agence France-Presse it was "a one-sided account that neither corresponds to objective circumstances nor common sense".2025 Audi Q6 e-Tron harnesses EV architecture from Porsche
SAN ANTONIO (AP) — Dylan Hayman and Davion Bailey scored 18 points apiece to help Incarnate Word beat Texas Lutheran 99-48 on Sunday. Hayman also contributed six rebounds for the Cardinals (8-5). Bailey shot 6 for 13, including 4 for 10 from beyond the arc. Jordan Pyke scored 15 on 7-for-8 shooting. Mason Wallace led the Bulldogs with 12 points. Kevin Juarez added eight points and six rebounds. ___ The Associated Press created this story using technology provided by and data from . The Associated PressLebanon said Israeli strikes Thursday on the country's east and south killed 52 people, as raids also hit south Beirut and Hezbollah claimed its deepest attack on Israel in over a year. More than 11 months of cross-border fire between Israel and Hezbollah over the Gaza conflict escalated into all-out war in September, with Israel conducting an extensive bombing campaign, primarily targeting Hezbollah strongholds, and sending ground troops into southern Lebanon. "Israeli enemy strikes that targeted the Baalbek district" in east Lebanon's Bekaa Valley left "40 dead and 52 wounded", a health ministry statement said, listing tolls for 10 different locations. Lebanon's official National News Agency (NNA) said a couple and their four children were killed in a strike on a house in the village of Maqneh, while another couple and their young daughter were among 11 people killed in a raid on nearby Nabha. The ministry also reported "seven dead and 24 wounded" in "Israeli enemy strikes" on south Lebanon's Nabatiyeh district, and "five dead and 26 wounded" in strikes elsewhere in south Lebanon. In Israel, first responders said a man was killed after rocket fire from Lebanon hit the Galilee region in the country's north. In Beirut's southern suburbs, the NNA reported at least 12 strikes throughout Thursday, after relative calm while US envoy Amos Hochstein visited earlier this week, seeking to broker an end to the Israel-Hezbollah war. Israeli army spokesman Avichay Adraee on social media platform X issued several rounds of evacuation warnings for Beirut's southern suburbs, as well as areas in and around the southern coastal city of Tyre, but none for east Lebanon. AFPTV footage showed columns of smoke rising from the southern suburbs, usually a densely populated residential district but now largely emptied. Adraee said on X that the Israeli military "targeted a weapons depot, a command headquarters and terrorist infrastructure" belonging to Hezbollah in south Beirut. Amid a series of attack claims, Hezbollah said its fighters targeted "the Hatzor air base" near Israel's southern city of Ashdod, around 150 kilometres (90 miles) from Lebanon's southern border, "with a missile salvo" -- its deepest target in more than a year of hostilities. In 10 separate statements, Iran-backed Hezbollah said its fighters also targeted Israeli troops in and near the south Lebanon town of Khiam, including with artillery, rockets and drones. The NNA said "the enemy army" was "blowing up homes and residential buildings during its incursion into the town". Lebanon's official news agency and Hezbollah have reported fighting and air strikes in the Khiam area ever since Israeli ground troops first entered Lebanon on September 30. Earlier Thursday, United Nations special coordinator for Lebanon Jeanine Hennis-Plasschaert visited Baalbek's UNESCO-listed archaeological area, after the UN's cultural body this week granted more than 30 heritage sites in Lebanon "provisional enhanced protection" amid the war. Lebanon's health ministry said Thursday that at least 3,583 people had been killed in the violence since October 2023. Most of the deaths have been since September this year. The Israeli military said Wednesday that three soldiers were killed in south Lebanon, bringing to 52 the number killed in Lebanon since the start of ground operations. bur-lg/giv
The Dallas Mavericks head to the Mile High City Friday night for a matchup with the Denver Nuggets and potential superstar battle between Luka Doncic and Novak Djokovic in the 2024 NBA Cup. The game is scheduled to start at 10 p.m. ET (8 p.m. MT) with TV coverage on NBA TV and streaming on-demand . How to watch: Live streams of the Mavericks vs. Nuggets game are available with offers from FuboTV (free trial) , DirecTV Stream (free trial) and SlingTV (low intro rate) . For a limited time, FuboTV is offering $20 off the first month after the free trial period. With the $20 offer, plans start at $59.99 per month. Dallas Mavericks (8-7) at Denver Nuggets (8-5) NBA Cup 2024 matchup at a glance When: Friday, Nov. 22 at 10 p.m. ET (8 p.m. MT) Where: Ball Arena, Denver, Colo. TV channel: NBA TV Live streams: FuboTV (free trial) | DirecTV Stream (free trial) | Sling (low intro rate) The Mavericks have battled through a challenging early-season schedule and come out of that stretch with three straight wins going into Friday’s contest in Denver. Dallas lost four games in a row, all decided by three points or less, before rebounding with victories over San Antonio (110-93), Oklahoma City (121-119) and New Orleans (132-91). Last time out, superstar Luke Doncic returned from a knee injury to score a game-high 26 points in the win over the Pelicans. Friday’s matchup is the second in less than two weeks for these teams, who also met in last season’s Western Conference finals. After falling to Dallas in the playoffs, Denver scored the first win of the season (122-120) behind Jokic’s massive 37-18-15 triple-double. The Nuggets were victorious their last time out over the Memphis Grizzlies (122-110) in a matchup that featured a 12-10-14 triple-double from Russell Westbrook off the bench. Dallas Mavericks vs. Denver Nuggets: Live Streaming Options FuboTV (free trial) - excellent viewer experience with huge library of live sports content; free trial lengths vary; monthly rate after free trial starts at $59.99. SlingTV (low intro rate) - discounted first month is best if you’ve run out of free trials or you’re in the market for 1+ month of TV DirecTV Stream (free trial) - less crisp viewer experience than FuboTV, but the 7-day free trial is the longest in streaming. The Mavs and Nuggets are set for a 10 p.m. ET start on NBA TV. Live streams are available with offers from FuboTV (free trial) , DirecTV Stream (free trial) and SlingTV (low intro rate) .SANTA CLARA, Calif. (AP) — San Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Packers with a sore throwing shoulder.PHILADELPHIA — Saquon Barkley rushed for 167 yards to top 2,000 on the season, backup quarterback Kenny Pickett ran and threw for scores before departing with injured ribs, and the Philadelphia Eagles clinched the NFC East title by routing the Dallas Cowboys 41-7 on Sunday. Barkley has 2,005 yards and needs 101 in next week’s mostly meaningless regular-season finale to top Eric Dickerson and his 2,105 yards for the Los Angeles Rams in 1984. The Eagles led 24-7 in the third quarter when Pickett was drilled by defensive end Micah Parsons, ending his first start in place of the concussed Jalen Hurts. Tanner McKee, a career third-stringer, entered the game and the Eagles finished the drive with a field goal. McKee later threw two TD passes, a 20-yarder to A.J. Brown and a 25-yarder to DeVonta Smith, in front of a roaring crowd delighted to watch the Eagles dominate their fiercest rival to wrap up the division title and at least the No. 2 seed in the NFC. Hurts was injured in last week’s loss at Washington and remains in the NFL’s concussion protocol — he didn’t practice all week — which opened the door for Pickett to start. BUCCANEERS 48, PANTHERS 14: Baker Mayfield threw for 359 yards and five touchdowns to help Tampa Bay keep its division title and playoff hopes alive with a home blowout over Carolina. Tampa Bay’s fifth win in the past six weeks nudged the first-place Bucs a half-game ahead of Atlanta for the best record in the NFC South, with the Falcons set to play on the road later Sunday night at Washington. Atlanta holds the tiebreaker in the division race and can end Tampa Bay’s three-year reign as NFC South champions by beating the Commanders and winning again next week at home against the last-place Panthers. GIANTS 45, COLTS 33: New York snapped a franchise-record 10-game losing streak and ended Indianapolis’ slim playoff hopes as Drew Lock threw four touchdown passes and ran for another. New York earned its first home win of the season and it no longer has control of the No. 1 overall pick in the draft. Lock sandwiched touchdown passes of 31 and 59 yards to Malik Nabers around TD passes of 32 yards to Darius Slayton and 5 yards to Wan’Dale Robinson in leading the Giants to their first win since beating Seattle on Oct. 6. JAGUARS 20, TITANS 13: Mac Jones threw two touchdown passes, including one to standout rookie Brian Thomas Jr., and host Jacksonville beat Tennessee in the rain to sweep the season series for the fourth time in 30 years. Jones completed 15 of 22 passes for 174 yards, with most of them going to Thomas. The first-round draft pick from LSU finished with seven receptions for 91 yards. DOLPHINS 20, BROWNS 3: Tyler Huntley scrambled for a touchdown and threw for one while starting for Tua Tagovailoa, and Miami stayed in the playoff race heading into its season finale with a road victory over Cleveland. Miami needs to win next weekend at the New York Jets and hope the Broncos lose at home to Kansas City to get a wild-card berth. RAIDERS 25, SAINTS 10: Aidan O’Connell passed for two touchdowns, tight end Brock Bowers broke two rookie NFL records, and Las Vegas won for just the fourth time this season, beating struggling New Orleans at the Superdome. BILLS 40, JETS 14: Josh Allen threw two touchdown passes and ran for another score, and host Buffalo clinched the AFC’s No. 2 seed with a rout of New York. Get local news delivered to your inbox!
RBC and National Bank both posted higher fourth-quarter profit Wednesday that exceeded analyst estimates. Mark Blinch/Reuters Royal Bank of Canada’s chief executive officer says tighter immigration and trade policies are clouding the banking industry’s outlook for next year, and political leaders need to resolve the concerns causing uncertainty. Canada’s largest lender and National Bank of Canada NA-T both reported fourth-quarter earnings Wednesday, and leaders of both cautioned of risks to the economy as the banking sector moves into a new fiscal year. The banks posted profits that beat analyst expectations on higher-than-expected revenue growth, even as provisions for loans that could default edged up. Among the risks looming in 2025, RBC RY-T CEO Dave McKay also pointed to weaker consumer spending and business conditions, as well as rising unemployment. On tariffs, he said that government leaders need to find a solution and Canada needs to explore options to reinforce its economy in the face of these threats. “This was a strong message that we have to improve certain aspects of our operations in Canada around our borders. And there are other ways of solving that without hurting both economies – the Canadian economy and the U.S. economy,” Mr. McKay said during a conference call with analysts, adding that the uncertain outlook does not affect the bank’s strategy or business operations. “I expect our political leaders to find a better path to do that. The key is not to overreact right now.” U.S. president-elect Donald Trump has said he plans to impose 25-per-cent tariffs on all products from Canada and Mexico. And the Canadian government has said it will scale back its annual immigration targets. At the same time, some conditions are improving to help counteract these concerns. Mr. McKay said that consumer income and savings levels are rising, and the Bank of Canada has slashed the cost of borrowing. National Bank CEO Laurent Ferreira said Wednesday that the Canadian government needs to act quickly to get ahead of the negotiation tactics of the new U.S. administration. “We need to take this very seriously, and we need to think about what the response would be from Canada,” Mr. Ferreira said in an interview. “Whether it’s the business community or government, we should all get together, discuss and have a more united approach toward what we should do. There are growing concerns amongst everyone, including government, about productivity in our country.” Bay Street is closely watching policy developments in the U.S. as president-elect Donald Trump prepares to take office. Scotiabank CEO Scott Thomson predicted Tuesday that uncertainty prompted by government leadership changes in the U.S. and Mexico – markets that are key to his plan to rejig the bank – will ease quickly. On Wednesday, Moody’s Ratings upgraded its global outlook for banks to stable from negative, citing stabilizing economic growth and easing interest rates. But the ratings agency added that geopolitical conflicts, trade tensions and policy changes in the U.S. create significant uncertainty and risks. RBC and National both posted higher fourth-quarter profit Wednesday that exceeded analyst estimates. On Tuesday, Scotiabank reported higher net income, but missed analyst estimates . Toronto-Dominion Bank, Bank of Montreal and Canadian Imperial Bank of Commerce will wrap up earnings week for the Big Six lenders on Thursday. RBC has spent much of the past year integrating its takeover of HSBC Bank Canada, which includes a large book of commercial and corporate clients with ties to China and other global markets. In response to an analyst question about whether a trade war could affect the HSBC clients that RBC acquired, Mr. McKay said that the majority of the businesses are based in Canada but may do business with China. “We thought about that when we made the acquisition, but these clients are, are embedded in Canada, and are strong Canadian clients – both on the commercial and consumer side – and are very large, significant clients with the global operations, not just back to Hong Kong,” Mr. McKay said. RBC personal banking head Erica Nielsen and commercial banking head Sean Amato-Gauci both said that retention rates of HSBC clients and advisers are above expectations. Mr. Amato-Gauci added that the bank has also acquired 3,500 new small business clients. National Bank is in the midst of an acquisition of its own. Canada’s second-largest bank plans to close its takeover of Edmonton-based Canadian Western Bank early next year, extending the reach of the Montreal-based lender into Alberta and British Columbia. Mr. Ferreira said during a conference call with analysts that the deal is in the final stages of approvals, as Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, is reviewing the proposal. The final step will be for Minister of Finance Chrystia Freeland to greenlight the deal. Even though National Bank’s fourth-quarter earnings beat analyst expectations, investors reacted negatively. Its stock slumped 3.4 per cent at 3 p.m. in Toronto, while the S&P/TSC Composite Banks Index remained relatively flat. National Bank’s share price has been on a tear this year, surging 34 per cent and outperforming most of the other Big Six banks. The lender set aside $162-million in provisions for credit losses – the funds banks set aside to cover loans that may default. That was higher than analysts expected, and included $145-million against loans that the bank believes may not be repaid. Loan loss provisions are a key indicator of the health of the Canadian consumer and businesses. Banks have been ratcheting up reserves as high interest rates put pressure on the ability of their clients to pay off their debt. RBC set aside $840-million in provisions – higher than analysts anticipated – and included an uptick in reserves for loans that the bank believes may not be paid off. “Looking ahead to 2025, we expect the current trend of a rising unemployment rate and slower GDP growth to persist,” National Bank chief risk officer Jean-Sébastien Grisé said during the conference call. “Interest rates remain restricted and there remain significant uncertainties in the forecast of economic growth.”
Investigators probing South Korea's Yoon Suk-yeol over his short-lived declaration of martial law on Monday said they sought an arrest warrant for the suspended president after he failed to report for questioning. Yoon briefly suspended civilian rule this month, plunging South Korea into its worst political crisis in decades. He was stripped of his presidential duties by parliament over the action, but a constitutional court ruling is pending on whether to confirm the impeachment. The conservative leader also faces criminal charges of insurrection, which could result in life imprisonment or even the death penalty. A former prosecutor himself, Yoon had been summoned three times by investigators for questioning, but refused to present himself each time -- including by yesterday's deadline. "The Joint Investigation Headquarters filed an arrest warrant for President Yoon Suk-yeol with the Seoul Western District Court", said the probe team in a statement. The application by investigators marks the first attempt in the country's history to forcibly detain a president before the impeachment procedure is complete. Yoon is being investigated by prosecutors as well as a joint team comprising police, defence ministry, and anti-corruption officials. (AFP)Rescuers reassess safety in search for woman they think fell into a Pennsylvania sinkhole