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Romanians cast ballots in presidential race that could pit nationalist against leftist in a runoffChina’s consumption growth and property investment slowed in November, as concerns remain over the sluggish state of the recovery. With each data release or leadership meeting, hopes linger for some kind of big bang stimulus package to kick-start the economy. A strong dose of patience appears to be in order. Retail sales grew 3 per cent year on year in November, the key consumption barometer falling short of analysts’ expectations and down from the 4.8 per cent logged in October. Fixed asset investment declined slightly. Industrial output ticked up marginally. Signs point to an economy that is not out of the woods yet. President Xi Jinping has been trying to restructure the economy to reduce reliance on traditional sectors like manufacturing and real estate and shift to high-quality growth areas like technology. In midyear, as the Communist Party held its Third Plenum in July, concerns were emerging over the lingering sluggishness. To free up money for lending, the central bank in September cut the reserve ratio requirement and mortgage rates. Since then officials have called for going all out to hit the annual growth target of about 5 per cent. Efforts are focused on reforms to boost market liquidity, as well as scrapping curbs on home purchases to stabilise the real estate sector. Still, confidence is fragile and the inclination to save is strong. The flat November figures came on the heels of the Central Economic Work Conference, which set out stimulating domestic consumption as the broad policy aim of 2025.
President reaffirms Pakistan's commitment to women's rights, end to violenceEx-cop’s son murdered in Hisar, FIR against 7
Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping streetEnron , once among the largest energy companies in the U.S., has become a punchline since it famously collapsed amid inflated profits and corporate fraud in 2001. Now, social media posts, a slick promotional video and a revamped website suggest the infamous company is making a comeback. On Dec. 2, it posted promotional videos on TikTok , BlueSky and X about adapting to the changing world featuring inspiring imagery and diverse voices claiming "I am Enron" with the tagline, “We're back. Can we talk?” To coincide with the video and website launch, cryptocurrency bloggers speculated Enron will be involved in cryptocurrency exchange. Others speculated the rebranding is fake or parody . THE SOURCES Enron.com terms of use page Will Chabot , managing director of media strategy for Stu Loeser & Co. Enron Corporation articles of incorporation United States Patent and Trademark Office Wayback Machine archives of Enron.com WHAT WE FOUND On Dec. 2, a company calling itself Enron Corporation published a promotional video on social media, introduced a new website and issued a press release announcing a relaunch of the company. But the relaunched website calls itself a parody. The new company with the infamous name is owned by Connor Gaydos, the co-founder of satirical conspiracy group “Birds Aren’t Real.” A disclaimer on the website’s terms of service page reads, “THE INFORMATION ON THE WEBSITE IS FIRST AMENDMENT PROTECTED PARODY, REPRESENTS PERFORMANCE ART, AND IS FOR ENTERTAINMENT PURPOSES ONLY.” VERIFY reached out to the media contact listed on Enron’s website and in the press release about the site’s relaunch. Will Chabot , spokesperson for the current Enron brand and managing director of media strategy for Stu Loeser & Co., would not confirm or deny if the company was real or parody, but did direct VERIFY to the company’s articles of incorporation and press release about the relaunch. “I understand you had some questions about Enron's launch. While I'm not able to answer all of them (we'll have more to share soon - including a big announcement in the energy space - and will be sure to keep you in the loop),” Chabot told VERIFY. The latest iteration of Enron Corporation’s articles of incorporation were filed in Delaware on Feb. 28, 2024 by Gaydos, according to records provided to VERIFY by Chabot. Gaydos is the co-founder of Birds Aren’t Real , a satirical conspiracy group founded in 2017 that jokingly claims the U.S. government has been replacing living birds with surveillance drones. Gaydos registered the Enron trademark on May 13, 2020, through his The College Company LLC, which also has registered trademarks for Birds Aren’t Real. According to the trademark application for Enron, the trademark is used for shirts and other merchandise. The new website has merchandise for sale. Archival versions of Enron.com dating back to 1998 are available on The Wayback Machine. In January of 2024, the website domain of enron.com was available for purchase , archives of the page show. The last time that URL represented the bankrupt energy giant was in 2007 . There is no evidence to support claims the Enron brand was relaunched as a cryptocurrency firm, as some have speculated. There is a page on Enron’s new website titled “decentralization,” which is a common term to describe the kind of technology behind cryptocurrency. The website says, “Decentralized technology is advancing, and we will of course have a role to play in its future. We couldn't be more excited to show you, but until then please stay vigilant and avoid falling for scams. When we announce something, you'll know.” Related Articles Watch out for these common holiday scams Yes, you can still fly Spirit after it filed for bankruptcy 5 tips to avoid online shopping scams: VERIFY Fact Sheet The VERIFY team works to separate fact from fiction so that you can understand what is true and false. Please consider subscribing to our daily newsletter , text alerts and our YouTube channel . You can also follow us on Snapchat , Instagram , Facebook and TikTok . Learn More » Follow Us YouTube Snapchat Instagram Facebook TikTok Want something VERIFIED? Text: 202-410-8808
NEW YORK--(BUSINESS WIRE)--Dec 10, 2024-- UBS AG announced today the per-security amounts payable (collectively, the “Call Settlement Amounts”) for the below seven UBS-issued exchange traded notes set forth in the following table (collectively, the “ETNs”). Table-1 ETN Ticker ETN Name and Prospectus Supplement [1] Call Settlement Amount CUSIP Call Settlement Date DJCB ETRACS Bloomberg Commodity Index Total ReturnSM ETN Series B due October 31, 2039 [2] $20.8636 90269A450 12/12/2024 WUCT ETRACS Whitney US Critical Technologies ETN due March 13, 2053 $36.2753 90278V222 12/12/2024 AMNA ETRACS Alerian Midstream Energy Index ETN due June 21, 2050 [3] $53.5830 90269A351 12/12/2024 AMND ETRACS Alerian Midstream Energy High Dividend Index ETN due July 19, 2050 [3] $53.5415 90269A252 12/12/2024 AMTR ETRACS Alerian Midstream Energy Total Return Index ETN due October 20, 2050 [3] $76.6566 90269A245 12/12/2024 ESUS ETRACS 2x Leveraged MSCI USA ESG Focus TR ETN due September 15, 2061 [4] $36.1178 90278V743 12/12/2024 FEDL ETRACS 2x Leveraged IFED Invest with the FED TR Index ETN due September 15, 2061 [4] $55.6842 90278V750 12/12/2024 [1] The table above provides a hyperlink to the relevant prospectus and supplements thereto for each of the ETNs, which are identified by their names. Each of the above ETNs are part of the UBS AG’s Medium Term Notes, Series B, on which UBS AG is sole obligor. Capitalized terms used but not defined in this press release shall have the meanings ascribed to such terms in the relevant prospectus supplement (including, as applicable, any product supplement and pricing supplement (each such supplement, a “prospectus supplement”)) for the ETNs. The Call Settlement Amount in this table refers to the Redemption Amount as defined in the securities represented by DJCB. [2] The prospectus addendum with a link to the updated base prospectus and the changes to the section entitled “Early Redemption” on page S-3 of the prospectus supplement can be accessed here . [3] The prospectus addendum with a link to the updated base prospectus can be accessed here . [4] The prospectus addendum with a link to the updated base prospectus can be accessed here. On November 20, 2024, UBS AG announced the redemption of the ETNs. UBS will pay the applicable Call Settlement Amount to investors holding the ETNs on December 12, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains statements that constitute “forward-looking statements” that are subject to risks and uncertainties, and actual results may differ materially. These statements could contain words such as “possible,” “intend,” “will,” “may,” “intends,” “would,” “if,” “expect,” “potentially” or other similar expressions. Forward-looking statements, including those relating to UBS AG’s plans for the ETNs, are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. While these forward-looking statements represent UBS’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors, including whether UBS AG will actually complete the redemption of the ETNs, could cause actual developments and results to differ materially from UBS’s expectations. For a discussion of the risks and uncertainties that may affect the ETNs please refer to the "Risk Factors" in the applicable prospectus supplement(s) relating to the ETNs referenced in Table-1. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. About ETRACS ETNs ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor’s principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETRACS ETNs. Prior to making an investment in the ETRACS ETNs, investors should take into account whether or not the market price is tracking the intraday indicative value of the ETRACS ETNs. We urge you to read the more detailed explanation of risks described under “Risk Factors” in the applicable prospectus supplement for each ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the prospectus, along with the applicable prospectus supplement(s) to understand fully the terms of the ETNs and other considerations that are important in making a decision about investing in the ETNs. The applicable offering document for each ETN may be obtained by clicking on the name of each ETNs identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at www.sec.gov . The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages $5.7 trillion of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC ( http://www.sipc.org/ ). UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC. This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Bloomberg is not affiliated with UBS. UBS assumes sole responsibility for this press release, which has not been reviewed by Bloomberg. None of Bloomberg, UBS AG, UBS Securities LLC or any of their subsidiaries or affiliates (collectively, "Bloomberg or UBS") guarantees the accuracy and/or the completeness of the Bloomberg Commodity IndexSM or any data related thereto and neither of Bloomberg or UBS shall have any liability for any errors, omissions or interruptions therein. Neither of Bloomberg or UBS makes any warranty, express or implied, as to results to be obtained by owners of the securities or any other person or entity from the use of the Bloomberg Commodity IndexSM or any data related thereto. Neither of Bloomberg or UBS makes any express or implied warranties and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Bloomberg Commodity IndexSM or any data related thereto. 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The respective ETN prospectus contains a more detailed description of the limited relationship MSCI has with UBS. Alerian Midstream Energy Index, Alerian Midstream Energy Dividend Index, AMNA, AMNTR and AEDW are trademarks of VettaFi and their use is granted under a license from VettaFi. VetttaFi owns and administers the Alerian Index Series. Solactive AG (“Solactive”) is the licensor of Solactive Whitney U.S. Critical Technologies CNTR Index (the “Index”). The Index has been developed in cooperation with J.H. Whitney Data Services, LLC (“J.H. Whitney”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive or J.H. Whitney in any way and Solactive or J.H. 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View source version on businesswire.com : https://www.businesswire.com/news/home/20241210995233/en/ CONTACT: Media contact Alison Keunen +1 212 713 2296 alison.keunen@ubs.comInstitutional Investor contact1 +1-877-387 2275 KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: UBS Copyright Business Wire 2024. PUB: 12/10/2024 04:30 PM/DISC: 12/10/2024 04:32 PM http://www.businesswire.com/news/home/20241210995233/enEnron , once among the largest energy companies in the U.S., has become a punchline since it famously collapsed amid inflated profits and corporate fraud in 2001. Now, social media posts, a slick promotional video and a revamped website suggest the infamous company is making a comeback. On Dec. 2, it posted promotional videos on TikTok , BlueSky and X about adapting to the changing world featuring inspiring imagery and diverse voices claiming "I am Enron" with the tagline, “We're back. Can we talk?” To coincide with the video and website launch, cryptocurrency bloggers speculated Enron will be involved in cryptocurrency exchange. Others speculated the rebranding is fake or parody . THE SOURCES Enron.com terms of use page Will Chabot , managing director of media strategy for Stu Loeser & Co. Enron Corporation articles of incorporation United States Patent and Trademark Office Wayback Machine archives of Enron.com WHAT WE FOUND On Dec. 2, a company calling itself Enron Corporation published a promotional video on social media, introduced a new website and issued a press release announcing a relaunch of the company. But the relaunched website calls itself a parody. The new company with the infamous name is owned by Connor Gaydos, the co-founder of satirical conspiracy group “Birds Aren’t Real.” A disclaimer on the website’s terms of service page reads, “THE INFORMATION ON THE WEBSITE IS FIRST AMENDMENT PROTECTED PARODY, REPRESENTS PERFORMANCE ART, AND IS FOR ENTERTAINMENT PURPOSES ONLY.” VERIFY reached out to the media contact listed on Enron’s website and in the press release about the site’s relaunch. Will Chabot , spokesperson for the current Enron brand and managing director of media strategy for Stu Loeser & Co., would not confirm or deny if the company was real or parody, but did direct VERIFY to the company’s articles of incorporation and press release about the relaunch. “I understand you had some questions about Enron's launch. While I'm not able to answer all of them (we'll have more to share soon - including a big announcement in the energy space - and will be sure to keep you in the loop),” Chabot told VERIFY. The latest iteration of Enron Corporation’s articles of incorporation were filed in Delaware on Feb. 28, 2024 by Gaydos, according to records provided to VERIFY by Chabot. Gaydos is the co-founder of Birds Aren’t Real , a satirical conspiracy group founded in 2017 that jokingly claims the U.S. government has been replacing living birds with surveillance drones. Gaydos registered the Enron trademark on May 13, 2020, through his The College Company LLC, which also has registered trademarks for Birds Aren’t Real. According to the trademark application for Enron, the trademark is used for shirts and other merchandise. The new website has merchandise for sale. Archival versions of Enron.com dating back to 1998 are available on The Wayback Machine. In January of 2024, the website domain of enron.com was available for purchase , archives of the page show. The last time that URL represented the bankrupt energy giant was in 2007 . There is no evidence to support claims the Enron brand was relaunched as a cryptocurrency firm, as some have speculated. There is a page on Enron’s new website titled “decentralization,” which is a common term to describe the kind of technology behind cryptocurrency. The website says, “Decentralized technology is advancing, and we will of course have a role to play in its future. We couldn't be more excited to show you, but until then please stay vigilant and avoid falling for scams. When we announce something, you'll know.”Tyreek Hill’s citations dropped in Hard Rock cuffing after cop doesn’t show up in court
Spacetech startup PierSight has announced its first satellite, Varuna, designed to deliver round-the-clock, all-weather maritime surveillance using advanced Synthetic Aperture Radar (SAR) technology. The satellite will be launched as a secondary payload aboard ISRO’s PSLV Orbital Experiment Module (POEM) platform. Speaking to CNBC-TV18, Gaurav Seth, CEO & Co-Founder of PierSight, said the Varuna satellite is equipped with Synthetic Aperture Radar (SAR) technology, which offers unique capabilities for imaging through clouds and during night time conditions. “Varuna is an in-orbit demonstrator of Synthetic Aperture Radar, or SAR. SAR is a technology which can see through clouds and image at night. So we are using the POEM platform of ISRO to demonstrate indigenously developed subsystems for our SAR, which are the deployable antenna, as well as complete electronics and mechanical and thermal systems,” Seth stated. This cutting-edge technology is set to benefit a wide range of sectors, including government agencies, fisheries, maritime companies, insurance providers, and even hedge funds. With a complete constellation in place, PierSight envisions global 24/7 coverage of the world’s oceans. PierSight has an ambitious plan to fully operationalise its satellite constellation by 2028, with the first commercial satellite launch scheduled for next year. Highlighting their approach, Vinit Bansal, CTO & Co-Founder of PierSight, stated, “We plan regular launches year on year until 2028. The Varuna mission will ensure the flight worthiness of critical subsystems, which we aim to standardize across all future satellites to ensure scalability and modularity.” To align with customer needs, the company has launched an early access program on its website, allowing stakeholders to express interest and guide the placement of future satellites in optimal orbital planes. The initial satellites will primarily support Indian customers, while the company gauges’ global demand. Seth highlighted that the company plans to deepen its collaboration with ISRO for future launches and explore advanced technologies offered by the Indian space agency. In a separate development, VoloFin, a fintech company specialising in supply chain finance, has successfully raised $50 million in funding from a leading US-based bank. The company plans to increase this funding limit to $150 million over the next two to three years, aiming to strengthen its presence in global trade finance and further support small and medium-sized enterprises (SMEs) in India. With this capital infusion, VoloFin intends to enhance access to trade finance for Indian exporters, enabling them to grow their businesses and increase their global reach. The company’s primary focus is on providing financial solutions for exporters selling goods across international borders. By financing their receivables, VoloFin aims to alleviate cash flow challenges and ensure smoother operations for exporters, thereby boosting India's export potential. “We are in the business of lending, and as a fintech, we specialize in cross-border trade finance. Our primary focus is on exporters, particularly Indian exporters, who are selling to buyers globally. With this $50 million fundraise, we will continue supporting these exporters by providing access to much-needed financing and further increasing our funding capacity to drive exports from India,” Roshan Shah, the Co-Founder and CEO of VoloFin said. VoloFin operates with a strong physical presence in three key markets—India, Singapore, and the United States—with India serving as the company’s largest market. “We’re focused on strengthening our presence in these three geographies first before exploring new regions in Asia,” Shah added. Additionally, Ola Electric has introduced its latest range of scooters, the Gig and S1 Z, designed to cater to both personal and commercial needs. With introductory prices starting at ₹39,999, these models promise to offer a mix of affordability, efficiency, and innovation, aimed at reshaping the two-wheeler landscape in India. The new scooters are built on an adaptable and scalable platform, making them suitable for a wide range of use cases, from urban to semi-rural and rural areas. According to Kripa Ananthan, Head of Design & Product at Ola Electric, this new platform allows the company to meet the diverse requirements of personal users as well as commercial entities like gig workers and last-mile mobility providers. "The scooters are durable, reliable, affordable, and efficient. We’re confident that they will address the high demand from gig workers and meet the last-mile mobility needs that are critical in today’s fast-paced world," said Ananthan. One of the key features of the new Ola Gig and S1 Z scooters is their removable battery, designed to tackle the issue of "range anxiety" that many electric vehicle users face. With the portable battery, users can easily swap it for a fully charged one, ensuring an extended range for longer commutes. Ola Electric plans to launch these new scooters between March and May 2025. The company’s vision for the future includes an expanded portfolio, with the launch of motorcycles expected within the next year. The S1 Gen 3 scooters, an upgrade to the current S1 models, will begin rolling out in January, further enhancing the company’s product offering. Ananthan also highlighted the scalability and modularity of the platform, which is set to drive cost reductions and improve profit margins over time. "Every new generation of products helps us reduce costs and improve margins. We expect to see an 8% to 10% improvement in cost advantages with the upcoming models," she added. Moreover, Rupesh Gandupalli, Co-Founder of XDLINX Space Labs shared insights on how the company plans to revolutionise satellite technology. The company has recently raised $7 million in a seed funding round. The round was led by Ashish Kacholia of Lucky Investments, with additional backing from E2MC, Mana Ventures, and a prominent family office. Watch the video for more
New Children's Book "Alexander Hamilton's Wish for Battlefield Glory" Set to Inspire and Educate Young Readers 12-10-2024 11:14 PM CET | Leisure, Entertainment, Miscellaneous Press release from: Getnews / PR Agency: Literary Titan Image: https://www.getnews.info/wp-content/uploads/2024/12/1733854972.jpeg Award-winning author C. Behrens brings history to life with his new children's book, "Alexander Hamilton's Wish for Battlefield Glory," set to release on December 14, 2024. This December, young readers and history enthusiasts alike are invited to journey through the incredible life of one of America's most remarkable Founding Fathers with the release of Alexander Hamilton's Wish for Battlefield Glory by award-winning author C. Behrens. Slated for release on December 14, 2024, this beautifully illustrated children's book blends history and inspiration, captivating audiences with Hamilton's extraordinary rise from a young orphan boy to a leader who helped shape a nation. From Hamilton's early boyhood dreams of war to his pivotal role as George Washington's right-hand man, this engaging story brings his legacy to life for children aged 4 to 8 and beyond. Readers will be transported to Hamilton's heroic feats, including his leadership at the Battle of Yorktown, and discover how his hard work, determination, and unwavering vision changed the course of history. What sets Alexander Hamilton's Wish for Battlefield Glory apart is its vivid storytelling and vibrant illustrations that not only recount historical events but delve into the motivations, emotions, and challenges Hamilton faced. From Hamilton's rise to prominence during America's fight for independence to the legacy his wife ensured lived on, this book introduces young readers to a multidimensional figure whose contributions resonate to this day. Diane Donovan, Senior Reviewer at Midwest Book Reviews, praises the book stating, "Kids who normally view history as impersonal and boring will relish the vivid capture of underlying emotions, influences, and passions which fueled America's fight for independence... " A Unique Historical Perspective for Young Readers Discover more about Alexander Hamilton's Wish for Battlefield Glory, explore C. Behrens' other award-winning works, and learn about the author's inspiring journey by visiting his website today. Dive into exclusive insights and updates on upcoming projects. Don't miss this chance to introduce the young people in your life to the incredible story of a boy who dreamed big and became a hero. Visit cbauthor.com [ https://cbauthor.com/ ] now and join the adventure. About the Author Author C. Behrens is no stranger to inspiring young audiences. Known for his award-winning children's book, Savanna's Treasure, and the acclaimed poem A Basketballer's Ditty, Behrens draws on his own story of hard work and perseverance. A graduate of Dominican College in New York, he brings the same passion and dedication to this project, offering readers not just a window into history but a mirror reflecting the value of determination and dreams. A New Jersey resident and proud father of two daughters, Behrens graduated Magna Cum Laude from Dominican College in New York and continues to inspire young readers with his creative storytelling. Connect with C. Behrens on Social Media Connect with author C. Behrens on social media and join the conversation. Follow him on Facebook [ https://www.facebook.com/chrisb32 ] for updates and behind-the-scenes insights, explore his GoodReads [ https://www.goodreads.com/author/show/8900978.C_Behrens ] profile to share your thoughts and reviews, and connect on LinkedIn [ https://www.linkedin.com/in/c-chris-behrens-b1029641/ ] to learn more about his inspiring journey and creative projects. Media Contact Company Name: Literary Titan Contact Person: C. (Chris) Behrens Email: Send Email [ http://www.universalpressrelease.com/?pr=new-childrens-book-alexander-hamiltons-wish-for-battlefield-glory-set-to-inspire-and-educate-young-readers ] Country: United States Website: https://cbauthor.com This release was published on openPR.Power Play for Friday, November 22, 2024
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