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A senior White House official on Thursday (December 19, 2024) said nuclear-armed Pakistan is developing long-range ballistic missile capabilities that eventually could allow it to strike targets outside of South Asia, including in the United States. In his stunning revelation about the onetime close U.S. partner, Deputy National Security Advisor Jon Finer said Islamabad's conduct raised "real questions" about the aims of its ballistic missile program. "Candidly, it's hard for us to see Pakistan's actions as anything other than an emerging threat to the United States," Finer told the Carnegie Endowment for International Peace audience. "Pakistan has developed increasingly sophisticated missile technology, from long-range ballistic missile systems to equipment that would enable the testing of significantly larger rocket motors," he said. Also read: Pakistan denounces U.S. sanctions on its missile program as biased and putting regional peace at risk If those trends continue, Finer said, "Pakistan will have the capability to strike targets well beyond South Asia, including in the United States." His speech came a day after Washington announced a new round of sanctions related to Pakistan's ballistic missile development program, including on the state-run defense agency that oversees the program. (Reporting by Jonathan Landay; Editing by Leslie Adler and Jonathan Oatis) Published - December 20, 2024 02:01 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit PakistanBello's 20 lead Purdue Fort Wayne past Drexel 87-81
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global E-bike market size is estimated to grow by USD 16.48 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.95% during the forecast period. Increasing sustainability and environmental concerns is driving market growth, with a trend towards popularity of connected e-bikes. However, product recalls due to possible failures of e-bikes poses a challenge.Key market players include Accell Group NV, Avon Cycles Ltd., BH BIKES Europe SL, Cortina Bikes, Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., Hero Ecotech Ltd., Kalkhoff Werke GmbH, Klever Mobility Europe GmbH, myStromer AG, PEDEGO Inc., PIERER Mobility AG, Riese and Muller GmbH, SCOTT Sports SA, SHIMANO INC., Trek Bicycle Corp., TVS Motor Co. Ltd., Yamaha Motor Co. Ltd., and Zhejiang Luyuan Electric Vehicle Co. Ltd.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF E-bike Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.95% Market growth 2024-2028 USD 16.48 billion Market structure Fragmented YoY growth 2022-2023 (%) 6.7 Regional analysis APAC, Europe, North America, South America, and Middle East and Africa Performing market contribution APAC at 50% Key countries US, China, Japan, Germany, and The Netherlands Key companies profiled Accell Group NV, Avon Cycles Ltd., BH BIKES Europe SL, Cortina Bikes, Giant Manufacturing Co. Ltd., Greenwit Technologies Ltd., Hero Cycles Ltd., Hero Ecotech Ltd., Kalkhoff Werke GmbH, Klever Mobility Europe GmbH, myStromer AG, PEDEGO Inc., PIERER Mobility AG, Riese and Muller GmbH, SCOTT Sports SA, SHIMANO INC., Trek Bicycle Corp., TVS Motor Co. Ltd., Yamaha Motor Co. Ltd., and Zhejiang Luyuan Electric Vehicle Co. Ltd. Market Driver The E-Bike Market is experiencing significant growth due to its eco-friendly solution as fuel prices rise. With the increasing popularity of e-bikes, governments and national regulations are implementing e-bike regulations, turning them into a viable alternative to cars. E-bikes offer various types and modes, including Class-II and Class-III, catering to different needs of riders. However, the lack of infrastructure, such as bike lanes, poses a challenge. The E-Bike Market Ecosystem consists of raw material suppliers, component manufacturers, e-bike manufacturers, and end users. Hub motor drives and mid-drive motors are common motor drive technologies, while lithium-ion batteries are increasingly preferred over lead acid-equipped e-bikes. E-bikes are popular among young adults, males, and females, with off-road sports, mountain biking, and Crossroad biking gaining traction. Governments offer incentives to promote e-bikes as an alternative to motorcycles and cars, reducing CO2 emissions and air pollution. E-bike manufacturers like Shimano Inc focus on build quality, performance, and pricing incentives to meet consumer needs. Advancements in technologies, such as lithium-ion batteries and connected e-bikes, add features and benefits, making e-bikes a preferred choice for commuting and adventure. Despite the benefits, challenges like noise pollution and the need for motor regulations persist. The global economic slowdown and inflation may cause overstocks, affecting market players and their models. The E-Bike market continues to evolve, offering a range of vehicles for various uses, from cargo to fitness. The rise of ride-sharing, ride-hailing, and vehicle rental services has significantly boosted the adoption of connected vehicles, including e-bikes. The widespread use of e-bike-sharing services in various regions has given birth to connected e-bikes. These connected e-bikes enable real-time location tracking for both the bike-sharing companies and users. By integrating connectivity features, e-bikes can enhance the bike-sharing business model and become a crucial component of urban mobility. Connected e-bikes can be easily tracked, booked, and paid for through smartphone applications, making them an essential part of the Mobility-as-a-Service (MaaS) network. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This e-bike market report extensively covers market segmentation by 1.1 SLA batteries- SLA batteries, also known as sealed lead-acid (SLA) batteries or gel cells, are a common choice for electric bikes (e-bikes) due to their affordability and ease of maintenance. These batteries have a coagulated sulfuric acid electrolyte and are partially sealed, with vents to release gases formed during overcharging. SLA batteries are heavier and larger than lithium-ion batteries, impacting the overall weight and handling of the e-bike. They also have a lower energy density and capacity compared to lithium-ion batteries. Despite these functional disadvantages, SLA batteries remain popular due to their low cost and wide availability. However, they contain 70% lead, which can negatively impact the environment during manufacturing, usage, recycling, and disposal. The SLA batteries segment is expected to maintain its leading position in the global e-bike market due to their affordability and accessibility. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The e-bike market is experiencing significant growth as more people seek eco-friendly solutions for commuting and transportation. Fuel prices and environmental concerns are driving the demand for electric bicycles, which offer a cost-effective and sustainable alternative to cars and motorcycles. Governments around the world are investing in bicycle highway lanes and incentives to encourage the use of e-bikes, reducing traffic congestion and noise pollution. E-bikes come in various types and modes, including cargo bikes, mountain bikes, and commuting models. Their benefits include the ability to tackle hills and long distances with ease, thanks to powerful motors and lithium-ion batteries. Consumers appreciate the lack of need for a driver's license or insurance, as well as the low weight and ease of use. Despite the advancements in e-bike technology, there are challenges, such as regulations, overstocks, and the occasional lack of infrastructure. However, the market continues to evolve, with new models and components, such as throttle controls, being introduced regularly to meet the needs of riders. Overall, e-bikes offer a versatile and efficient transportation solution for people looking to reduce their carbon footprint and save money on fuel costs. Market Research Overview The E-Bike Market is experiencing significant growth as more people seek eco-friendly solutions for transportation due to rising fuel prices and government regulations aimed at reducing CO2 emissions and air pollution. The popularity of e-bikes is on the rise, especially among young adults, males, and cyclist organizations, as they offer a convenient and cost-effective alternative to cars for commuting and recreational activities like mountain biking, off-road sports, and adventure. However, the market faces challenges such as a lack of infrastructure, including bike lanes, and regulatory hurdles in various countries. The E-Bike Market Ecosystem consists of raw material suppliers, component manufacturers, e-bike manufacturers, and end users. The market offers various types of e-bikes, including Class-II and Class-III e-Bikes, mopeds, and cargo e-bikes, powered by hub motor drives or mid-drive motors and lithium-ion batteries. The market is also witnessing advancements in technologies, such as connected e-bikes, and new modes of transportation, such as e-bike sharing services. Governments worldwide are offering incentives to promote the adoption of e-bikes and e-scooters to reduce congestion and carbon footprints. Despite these advantages, challenges such as the lack of standardization, safety concerns, and competition from traditional modes of transportation, such as motorcycles, persist. The E-Bike Market is expected to continue growing, driven by increasing consumer awareness of the health benefits, maintenance advantages, and environmental friendliness of e-bikes. The market is expected to face competition from traditional bicycles and motorcycles, as well as new entrants, such as electric scooters and mopeds. The market is also witnessing a shift towards more advanced features, such as throttle control, better build quality, and performance pricing incentives. The E-Bike Market is expected to continue growing, driven by increasing consumer awareness of the health benefits, maintenance advantages, and environmental friendliness of e-bikes. The market is expected to face competition from traditional bicycles and motorcycles, as well as new entrants, such as electric scooters and mopeds. The market is also witnessing a shift towards more advanced features, such as throttle control, better build quality, and performance pricing incentives. Despite the challenges, the E-Bike Market is poised for growth, driven by the need for sustainable transportation solutions, government regulations, and consumer demand. The market is expected to witness significant advancements in technologies, such as motor drive technologies, battery technologies, and connectivity features, which will make e-bikes more accessible, affordable, and convenient for consumers. In conclusion, the E-Bike Market is an exciting and dynamic space, driven by the need for sustainable transportation solutions, consumer demand, and government regulations. The market offers a range of e-bike types, from city/urban e-bikes to cargo e-bikes, and is witnessing significant advancements in technologies, such as motor drive technologies, battery technologies, and connectivity features. Despite the challenges, the market is expected to continue growing, driven by the benefits of e-bikes, such as cost savings, health benefits, and environmental sustainability. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/e-bike-market-to-grow-by-usd-16-48-billion-2024-2028-driven-by-sustainability-and-environmental-concerns-ai-impacting-market-trends---technavio-302314314.html SOURCE TechnavioPresident Joe Biden on Monday vetoed a once-bipartisan effort to add 66 federal district judgeships, saying “hurried action” by the House left important questions unanswered about the life-tenured positions. The legislation would have spread the establishment of the new trial court judgeships over more than a decade to give three presidential administrations and six Congresses the chance to appoint the new judges. The bipartisan effort was carefully designed so that lawmakers would not knowingly give an advantage to either political party in shaping the federal judiciary. The Democratic-controlled Senate passed the measure unanimously in August. But the Republican-led House brought it to the floor only after Republican Donald Trump was reelected to a second term in November, adding the veneer of political gamesmanship to the process. The White House had said at the time that Biden would veto the bill. “The House of Representative's hurried action fails to resolve key questions in the legislation, especially regarding how the new judgeships are allocated, and neither the House of Representatives nor the Senate explored fully how the work of senior status judges and magistrate judges affects the need for new judgeships,” the president said in a statement. “The efficient and effective administration of justice requires that these questions about need and allocation be further studied and answered before we create permanent judgeships for life-tenured judges,” Biden said. He said the bill would also have created new judgeships in states where senators have not filled existing judicial vacancies and that those efforts "suggest that concerns about judicial economy and caseload are not the true motivating force behind passage of this bill now. “Therefore, I am vetoing this bill,” Biden said, essentially dooming the legislation for the current Congress. Overturning Biden's veto would require a two-thirds majority in both the House and Senate, and the House vote fell well short of that margin. Organizations representing judges and attorneys had urged Congress to vote for the bill. They argued that the lack of new federal judgeships had contributed to profound delays in the resolution of cases and serious concerns about access to justice. Sen. Todd Young, R-Ind., reacted swiftly, calling the veto a “misguided decision” and “another example of why Americans are counting down the days until President Biden leaves the White House.” He alluded to a full pardon that Biden recently granted his son Hunter on federal gun and tax charges. “The President is more enthusiastic about using his office to provide relief to his family members who received due process than he is about giving relief to the millions of regular Americans who are waiting years for their due process," Young said. "Biden’s legacy will be ‘pardons for me, no justice for thee.’” —-- Associated Press writer Kevin Freking contributed to this report.Former Labour and Foreign Employment Minister defends E-8 visa program
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“People are afraid to buy because they don’t know what might happen next. The gain is too fast in just three days,” said a Bureau de Change (BDC) operator who prefers to remain anonymous. The last three days have been remarkable for the exchange rate between the naira and the dollar, which, as of Friday, December 6, 2024, had gained 8.9% in one week. Starting the week at N1,672, the exchange rate closed at N1,535 on Friday, December 6, 2024. Related Stories Greece faces urgent need for over 300,000 foreign workers to support economic growth Tinubu rejigs nominees for South East Development Commission board, names Emeka Nworgu as new chairman While the official market experienced rapid gains in the exchange rate, the parallel market, where forex is sold unofficially, presented an even more unsettling scenario for speculators. The naira was gaining faster than they could sell. By the end of the week, operators informed Nairametrics that the exchange rate was trading at N1,570/$1, a sharp decline from N1,700/$1 earlier in the week, as the naira continued its strong recovery against the dollar. Unbeknownst to many Nigerians, the Central Bank of Nigeria recently launched a new trading system called the Enhanced Foreign Exchange Market System (EFEMS). EFEMS essentially consolidates all previous official foreign exchange windows into one unified system. This consolidation replaces the fragmented structure of multiple windows, such as the Investors & Exporters (I&E) FX Window, the SME Window, and the Invisible Window. But how does this explain why the naira is gaining against the dollar? EFEMS Introduces transparency: According to the CBN, EFEMS is expected to simplify operations and improve price discovery, thereby ensuring that trades are more transparent and easier to monitor. This has largely contributed to the positive outcomes currently being recorded in the official exchange rate. For example, one person familiar with the operation of the market suggests that the market is experiencing more supply than demand. With supply outstripping demand, the naira has gained against the dollar. However, it is unclear where the supply in the market is coming from, as there is no official data to explain this. For instance, the dynamics of pricing might change if the supply is primarily driven by the central bank. The new system also mandates a minimum trade value of $100,000 for all interbank FX transactions, which seems to have curtailed speculative activities in the market. Quoting System: Another plausible reason is the format for placing orders and pricing the exchange rate. Unlike the previous opaque system, forex dealers informed Nairametrics that the current system is order-based, similar to the way stocks are traded on the NGX. For example, bids (buying requests) are displayed on the system along with their bid prices, while offers (selling requests) are also shown with their corresponding prices. This makes it easier to determine how much forex is available in the market and the prevailing prices. Another stakeholder suggests that EFEMS also implements a two-way quote system, meaning dealers are expected to display both bid and offer prices. T his ensures that when trading forex, participants must indicate how much they are willing to buy and sell, regardless of their position in the trade. EFEMS/Guidelines Still New: Analysts also opine that the nascent nature of EFEMS creates some uncertainty among traders. According to one trader, “As a new system, people are obviously wary and do not want to be on the receiving end,” suggesting that the need to comply with market rules is ensuring transparency for now. The CBN’s new guidelines for forex trading also introduce rigorous reporting requirements. For example, Authorized Dealers must report FX transactions to the CBN within 10 minutes via an API-based system. BDCs are required to submit daily activity reports through automated portals, while Commercial and Merchant Banks must adopt real-time reporting to enhance monitoring and oversight. BDC role – The role of Bureau De Change (BDC) operators is critical under the new regulations, fostering further transparency in the functioning of the market. For instance, under the new guidelines, licensed BDC operators are allowed to buy foreign exchange (FX) from Authorized Dealers to meet customer needs. This measure aims to balance market accessibility with effective monitoring and control. The BDC segment, which had previously been excluded from certain FX market activities, is now positioned to play a more active role in meeting retail FX demand. This inclusion is expected to provide a buffer against the FX pressures faced by individuals and small businesses reliant on BDC services. If BDCs are sourcing FX from the same market, their pricing is unlikely to diverge significantly from official rates, reducing the wide disparities previously observed. This marks a significant departure from earlier years when the black market often influenced official rates. However, this expanded operational scope comes with a caveat: the total monthly transactions for BDCs are subject to an aggregate cap as determined by the CBN. It is also worth noting that the Association of Bureau De Change Operators of Nigeria (ABCON) informed Nairametrics that the permission for BDCs to purchase foreign exchange directly from Authorized Dealers is not automatic. Only BDC operators that meet the current capital requirements are permitted to participate in this market. “We received the news with mixed reactions,” said Gwadabe, a representative of ABCON. “While it is intended to increase liquidity at the retail end of the forex market, it is contingent on meeting the new recapitalization requirements of either ₦500 million or ₦2 billion as stated in the May guidelines. However, it does not specifically permit all currently licensed BDCs to purchase foreign exchange from the interbank market.” He added, “It is tied and subject to meeting the new capitalization guidelines introduced by the CBN in May 2024. This also addresses questions about the sources of funds under the new BDC guidelines raised by many applicants. It is not automatic but conditional on meeting these new requirements.” Panic Selling – Panic selling is widely regarded as a significant factor behind the sharp appreciation in the exchange rate between the naira and the dollar. Traders who spoke to Nairametrics anonymously suggested that many of their suppliers were in a hurry to sell, as no one wanted to hold on to a currency rapidly losing value against the naira. One trader disclosed that they even sold at rates as low as N1,500/$1 on the parallel market, despite it being much lower than the rates obtainable on the official market. These actions have been attributed to panic selling, particularly by speculators who had hoarded dollars for months in anticipation of the naira’s continuous depreciation. Several economic reports have suggested that the exchange rate of N1,600/$1 is not reflective of the naira’s true value, a sentiment echoed by CBN Governor Yemi Cardoso at the Bankers’ Committee annual dinner. If this is indeed what is happening, more losses could await speculators who are uncertain about when the market will bottom out. Some speculators also point to the December period, which, according to historical data, is often associated with the naira strengthening against the dollar. This trend is partly attributed to increased dollar inflows from diaspora Nigerians returning for the Christmas holidays. Finally, it is worth noting that similar boosts in Nigeria’s forex market have been observed before, where the naira suddenly gains strength before depreciating again. For example, in April this year, the naira appreciated to as high as N1,072/$1 before it started to weaken again. At the time, the central bank had just lifted the suspension of forex sales to BDC operators, injecting liquidity into the system.
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Worker at US department giant Macy’s intentionally hid $US154 million worth of expensesCitigroup Inc. grew its position in shares of KB Home ( NYSE:KBH – Free Report ) by 62.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,051 shares of the construction company’s stock after purchasing an additional 40,992 shares during the period. Citigroup Inc. owned 0.15% of KB Home worth $9,173,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC acquired a new stake in KB Home during the first quarter worth approximately $1,177,000. Comerica Bank increased its position in KB Home by 123.0% during the first quarter. Comerica Bank now owns 75,154 shares of the construction company’s stock worth $5,327,000 after purchasing an additional 41,452 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of KB Home in the 1st quarter valued at $1,588,000. Charles Schwab Investment Management Inc. grew its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after buying an additional 164,010 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of KB Home during the 2nd quarter worth $479,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors. KB Home Stock Performance NYSE:KBH opened at $82.79 on Friday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. KB Home has a one year low of $51.53 and a one year high of $89.70. The business’s 50-day simple moving average is $81.24 and its 200 day simple moving average is $77.95. KB Home Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%. Analyst Upgrades and Downgrades KBH has been the subject of several research analyst reports. Bank of America upped their price target on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price on the stock. in a report on Thursday, September 5th. Finally, The Goldman Sachs Group upped their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.50. Get Our Latest Stock Report on KBH Insider Transactions at KB Home In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Insiders own 4.44% of the company’s stock. KB Home Profile ( Free Report ) KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. Further Reading Want to see what other hedge funds are holding KBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KB Home ( NYSE:KBH – Free Report ). Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter .
Bill Clinton, the former US president who has faced a series of health issues over the years, was admitted to hospital Monday in Washington after developing a fever, his office said. "President Clinton was admitted to Georgetown University Medical Center this afternoon for testing and observation after developing a fever," the 78-year-old's deputy chief of staff Angel Urena said on social media platform X, adding Clinton "remains in good spirits." Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.
Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Metropolitan Bank Holding Corp. (NYSE:MCB)