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2025-01-19
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Konni: The CPM Pathanamthitta district conference saw strong criticism directed at party veterans EP Jayarajan and G Sudhakaran. A delegate questioned the leadership’s justification for E.P. Jayarajan’s meeting with the controversial figure, Dallal Nandakumar. “What explanation does the leadership offer for this meeting?” the delegate asked. While acknowledging that meeting senior BJP leader Prakash Javadekar could be seen as a political engagement, the delegate noted that meeting a figure like Nandakumar was far more troubling. G Sudhakaran also faced flak. A delegate remarked that Sudhakaran, who served as minister and MLA, was merely trying to get attention by making statements. The delegate also urged the party to control his 'retirement life' activities. The police force also came under flak. A delegate stated that the police were failing the public. He noted that they are only engaging in activities such as taking photographs and slapping petty cases, rather than fulfilling their duties to society. The party's student front Students Federation of India (SFI) was similarly criticised. A delegate accused the organisation of cultivating a negative public image, despite its success in universities. There was also a call for a shift in the party’s approach, with delegates urging a reconsideration of the leadership’s supportive stance towards online media. Some also alleged that party workers are not getting adequate support from the government machinery.By Chris Prentice and Amanda Cooper NEW YORK/LONDON (Reuters) – Global shares turned lower on Monday as traders focused on U.S. inflation data and chip stocks fell, while Beijing’s promise of stimulus and the sudden collapse of the Syrian government boosted oil and gold prices more than 1%. U.S. inflation data this week could cement a December interest rate cut by the Federal Reserve at its meeting next week. China’s decision on Monday to alter the wording of its stance toward monetary policy for the first time since 2010 helped global sentiment. Beijing pledged to introduce stimulus to encourage economic growth next year. The rapid collapse over the weekend of Syrian President Bashar al-Assad’s 24-year rule complicates an already fraught situation in the Middle East. Friday’s U.S. monthly employment data was strong enough to soothe any concerns about the resilience of the economy, but not so robust as to rule out a rate cut from the Federal Reserve next week. MSCI’s gauge of stocks across the globe fell 2.05 points, or 0.23%, to 871.68. The Dow Jones Industrial Average fell 240.59 points, or 0.54%, to 44,401.93, the S&P 500 fell 37.42 points, or 0.61%, to 6,052.85 and the Nasdaq Composite fell 123.08 points, or 0.62%, to 19,736.69. Shares of chip maker Nvidia fell 2.5% after China’s market regulator said it had opened an investigation into the company over suspected violation of the country’s antimonopoly law. “In addition to being reminded that December is positive ‘close to three-fourths of the time,’ we have seen record equity inflows, full positioning from asset managers and the highest ever reading from the Conference Board’s survey of retail investor expectations,” Morgan Stanley’s chief investment officer, Lisa Shalett, said in a note. “Complacency indicators are flashing, however, and while we appreciate technicals’ short-term validity, we encourage long-term investors to be measured in their enthusiasm,” she said. European shares closed at their highest levels in six weeks on Monday, led by mining and luxury stocks, after China’s promise of renewed stimulus. The STOXX 600 index edged up 0.1%, and notched its eighth consecutive session of gains. COULD EXPECTED FED RATE CUT BE DERAILED? Last week’s U.S. November payrolls report showed 227,000 jobs were created, compared with expectations for a rise of 200,000, while October’s hurricane-distorted number was revised up. Markets now imply an 85% chance of a quarter-point cut at the Fed’s Dec. 17-18 meeting, up from 68% ahead of the jobs figures, and markets have a further three cuts priced in for next year. The next test is Wednesday’s U.S. inflation report. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro,rose 0.2% to 106.16, with the euro down 0.15% at $1.0552. U.S. Treasury yields rose as traders waited to see whether stubbornly high price pressures could derail expectations for a Fed rate cut next week. The yield on benchmark U.S. 10-year notes rose 5 basis points to 4.203%, from 4.153% late on Friday..[US/] The European Central Bank is widely expected to deliver a quarter-point cut on Thursday. In Asian markets, Chinese stocks and bonds rallied after China’s Politburo was quoted as saying that the country will adopt an “appropriately loose” monetary policy next year, rather than a “prudent” one, marking the first time it has changed the wording of its stance in around 14 years. MSCI’s broadest index of Asia-Pacific shares outside Japan closed higher by 0.88%. South Korean stocks slid 2.8%, while the won currency weakened, even as authorities pledged all-out efforts to stabilise financial markets amid uncertainty over the fate of President Yoon Suk Yeol. This week is full of central bank meetings, aside from the ECB’s. The Swiss National Bank could cut rates by as much as half a point given slowing inflation, as could Canada’s central bank when it meets on Wednesday. The Reserve Bank of Australia meets on Tuesday and is one of the central banks expected to hold fire, while Brazil’s central bank is set to hike again to contain inflation. “With geopolitical uncertainty high and conflicting signals from hard and soft data, monetary policy remains the only game in town to support economic activity, especially in the absence of strong political leadership in Paris and Berlin,” said Barclays economist Christian Keller. In France, President Emmanuel Macron had yet to name a new prime minister after Michel Barnier’s minority government collapsed last week over his austere budget. Geopolitical concerns lifted both oil and gold. Spot gold gained 1.1% to $2,662.98 per ounce, and U.S. gold futures settled 1% higher at $2,685.50.Oil prices rose over 1%, with Brent futures settling up 1.4% at $72.14 per barrel. U.S. crude finished up 1.7% at $68.37. “Events in Syria over the weekend could impact the crude market and increase the geopolitical risk premium on oil prices in the weeks and months to come amid yet more instability in the Middle East region,” said Jorge Leon, Rystad Energy’s head of geopolitical analysis. (Additional reporting by Wayne Cole in Sydney; Editing by Leslie Adler and Stephen Coates) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

Asian shares were mixed on Monday after stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. U.S. futures were lower while oil prices were little changed. In Asia, South Korea’s Kospi added 0.6% to 2,418.80. But shares of Jeju Air Co. lost 8.8% after one of the company’s jets skidded off a runway , slammed into a concrete fence and burst into flames Sunday in South Korea as its landing gear failed to deploy. 179 people died in the crash. Political turmoil continued as South Korean law enforcement officials requested a court warrant on Monday to detain impeached President Yoon Suk Yeol. They are investigating whether his martial law decree on Dec. 3 amounted to rebellion. Tokyo’s Nikkei 225 index lost 0.9% to 39,914.21 as the dollar gained against the Japanese yen, trading at 157.83 yen, up from 157.75 yen. The Tokyo market will wrap up trading for 2024 with a yearend ceremony as Japan begins its New Year holidays, the biggest festival of the year. The Hang Seng in Hong Kong shed 0.3% to 20,030.63 while the Shanghai Composite index was up 0.3% at 3,408.72. Australia’s S&P/ASX 200 dipped 0.9% to 8,191.50. On Friday, the S&P 500 fell 1.1% to 5,970.84. Roughly 90% of stocks in the benchmark index lost ground, but it managed to hold onto a modest gain of 0.7% for the week. The Dow Jones Industrial Average fell 0.8% to 42,992.21. The tech-heavy Nasdaq composite fell 1.5%, to 19,722.03. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size. A wide range of retailers also fell. Amazon fell 1.5% and Best Buy slipped 1.5%. The sector is being closely watched for clues on how it performed during the holiday shopping season. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. Despite Friday's drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. In other dealings early Monday, U.S. benchmark crude oil picked up 1 cent to $70.61 per barrel. Brent crude, the international standard, lost 1 cent to $73.78 per barrel. The euro fell to $1.0427 from $1.0433.The New Patriotic Party (NPP) has voiced serious concerns over alleged electoral malpractice and urged heightened vigilance as Ghana’s general election moves into its critical final stages. In an official update on the voting process, Justin Frimpong Kodua, the NPP’s General Secretary and Director of Operations for the 2024 campaign, condemned reports of tampered ballot papers in several regions, including Kintampo South. The party expressed particular frustration over what they described as deliberate attempts to undermine the electoral process. While applauding the party’s agents for their vigilance at polling stations, Kodua expressed disappointment over the reported low voter turnout, estimating national participation to be between 50% and 65%. He urged eligible voters who had yet to cast their ballots to head to the polling stations before closing time, stressing that anyone in line by the official closing hour would still be allowed to vote. “Let us ensure that every vote cast is accurately accounted for,” Kodua said, as he rallied agents nationwide to step up their efforts, particularly as the vote counting phase begins. He further emphasized the critical importance of vigilance at all stages of the election process, from polling stations to collation centres, and called on the Electoral Commission to maintain professionalism in handling ballots to avoid deliberate invalidation. The NPP also accused opposition parties of attempting to sow chaos in the party’s strongholds, suggesting that these disruptions were deliberate efforts to interfere with the election outcome. Kodua called on the Ghana Police Service (GPS) and other security agencies to safeguard polling centres and protect the integrity of the election process. Despite the challenges, Kodua expressed confidence in the NPP’s chances, projecting a decisive victory for its presidential candidate, Dr. Mahamudu Bawumia. “The votes in the ballot boxes will show that Dr. Bawumia is the winner of this election,” Kodua stated confidently. The party’s call for vigilance and allegations of malpractice underscore the high-stakes nature of the final hours of the election. As counting begins, the focus shifts to the Electoral Commission, security agencies, and political parties to ensure a transparent and orderly conclusion to the election process.

The Darnold-Jefferson connection is thriving for the surging Vikings

Shri Manohar Lal, Union Minister of Power and Housing & Urban Affairs, today flagged-off the fleet of green hydrogen buses of NTPC at Leh in the presence of senior officials of Ministry of Power, Leh Administration and NTPC. After the flag-off, Union Minister travelled 12 km in one of the H2 buses from the H2 filling station to the Leh airport. Union Minister congratulated NTPC for its unique contribution to the energy security and decarbonisation efforts of the country through adoption of hydrogen technologies at various fronts like mobility, blending with PNG, green methanol and its overall thrust on RE. The Green Hydrogen Mobility Project at Leh comprises in-situ 1.7 MW solar plant, Green hydrogen filling station of capacity 80 kg/day and 5 hydrogen intra-city buses. Each bus can cover 300 km per single filling of hydrogen of 25 kg. This is also the world’s highest altitude (3650m MSL) Green Hydrogen Mobility Project that is designed to operate in low density air, sub-zero temperature and can fill hydrogen at 350 bar pressure. This station shall mitigate the carbon emissions of approx. 350 MT/year and contribute 230 MT/year of pure oxygen into the atmosphere which is equal to planting of approx. 13000 trees. Potential of green hydrogen mobility solution in Ladakh is very strong considering the high solar irradiance with low temperature, a sweet spot for producing the solar power and green hydrogen efficiently. Production and utilisation of this green fuel at these locations would avoid the fossil fuel logistics and make the locations self-sufficient in terms of energy requirement. NTPC is setting up more hydrogen mobility projects across India in addition to deployment of various green hydrogen technologies, rapidly scaling up of RE capacity including setting up of hydrogen hub in Andhra Pradesh.Published 09:35 IST, December 30th 2024 Reliance Power’s subsidiary, Rosa Power Supply Company Limited, finalizes a Rs 3,760 crore term loan with Power Finance Corporation. Reliance Power is the key stock to watch out for today, as the company announced financing from Maharashtra Power Finance Corporation Limited (PFC) on Friday. The company announced that its subsidiary, Rosa Power Supply Company Limited, has secured a substantial Rs 3,760 crore rupee term loan facility. The definitive agreement for the loan was signed on December 27, 2024, with Power Finance Corporation Limited (PFC). ‘we wish to inform that the subsidiary of the Company, namely, Rosa Power Supply Company Limited, has executed the definitive documents on December 27, 2024 to avail the rupee term loan facility to the extent of Rs 3,760 crore in one or more tranches, from Power Finance Corporation Limited (PFC),’ as mentioned in the exchange filing by the company. The proceeds will be deployed for general corporate purposes, including future investments in renewable energy and capex for flue gas desulfurization at the Rosa Power plant. ‘The proceeds of the loan shall be utilized for general corporate purposes including future investment of the Group in renewable energy projects and flue gas desulfurization capex of Rosa,’ as mentioned in the exchange filing. In early November, Reliance Power announced that its subsidiary, Rosa Power, has become a zero-debt company following the prepayment of a Rs 485 crore loan to Singapore-based Varde Partners. This prepayment, totaling Rs 1,318 crore, has successfully cleared all of Rosa Power's financial obligations, making it a debt-free entity. Additionally, Reliance Power has achieved a significant milestone by eliminating all debt from banks and financial institutions. As of June 30, 2024, the company's consolidated net worth stands at Rs 11,155 crore, according to regulatory filings. Reliance Power Share Price Today The stock opened today at 43.00, which is the almost same as its closing price on Friday. In early trading, it has risen by 0.83%. The stock has a 52-week high of 54.25 and a 52-week low of 19.37. Reliance Power Share Price History Looking at its performance over the years, the stock has declined by 28.88% over the past 10 years, but it has seen impressive gains of 1151.29% over the last 5 years, 233.36% over the past 3 years, and 87.67% in the last 1 year. In the short term, it has gained 50.95% in the last 6 months, 12.67% over the past month, and declined by 0.23% in the last week. Updated 09:35 IST, December 30th 2024

GREEN LAKE, Wis. (AP) — A Wisconsin man who faked his own drowning this summer and left his wife and three children has been located in Eastern Europe and is communicating with law enforcement, but he has not committed to returning home, authorities said. Ryan Borgwardt began communicating with authorities Nov. 11, after they tracked him down, Green Lake County Sheriff Mark Podoll said Thursday. The sheriff showed a video that Borgwardt sent police that day from an undisclosed location. The sheriff said no charges have been filed and that he doesn't think they will be necessary while authorities “keep pulling at his heartstrings” to come home. Here are some things to know about Borgwardt and his disappearance: Who is he? Borgwardt, who is in his mid-40s, lived with his wife and children in Watertown, a city of about 23,000 people northwest of Milwaukee that is known for its German heritage, parochial schools and two dams on the Rock River. When did he disappear? The sheriff has said his department was told Aug. 12 that Borgwardt had not been heard from since the previous day, when he traveled about 50 miles (80 kilometers) from home to Green Lake to go kayaking. Borgwardt’s wife said he texted her at 10:49 p.m. to say he was heading to shore. How was the search conducted? Deputies found Borgwardt’s vehicle and trailer near Green Lake. His kayak was discovered on the lake, overturned and with a life jacket attached to it, in an area where the water is about 200 feet (60 meters) deep. An angler later found Borgwardt’s fishing rod. The search for his body continued for more than 50 days, with divers scouring the lake on several occasions. How did authorities find Borgwardt? Clues — including that he reported his passport lost or stolen and obtained a new one a few months before he disappeared — led investigators to speculate that he made it appear that he had drowned to go meet a woman he had been communicating with in the Central Asian country of Uzbekistan. Podoll declined to comment when asked what he knew about the woman, but he said law enforcement contacted Borgwardt “through a female that spoke Russian.” His identity was confirmed through asking him questions that the sheriff said only Borgwardt would know and by a video he made and sent them Nov. 11. He has spoken with someone from the sheriff's department almost daily since. However Podoll said Thursday that Borgwardt's exact location in Eastern Europe was not known. Why are U.S. authorities struggling to pinpoint his location? Podoll said Chief Deputy Matt Vande Kolk has been the one communicating with Borgwardt and their conversations have all taken place via email. Vande Kolk told The Associated Press in an email Friday that authorities are trying to determine Borgwardt's exact location. But that might not be easy even with modern surveillance technology. Scott Shackelford, executive director of the Center for Applied Cybersecurity Research at Indiana University, said authorities should be able to locate Borgwardt through his device's internet protocol address, a unique number assigned to every device connected to the internet. But he said it's very easy to mask an IP address and make it appear as if the device is in one country when it's really in another. Software exists that can route your IP address across the globe, Shackelford said. Police may not have the expertise, the manpower or any interest in digging through multiple layers of cyber deception, he said. What was in the video Borgwardt sent to law enforcement? Wearing an orange T-shirt, Borgwardt, unsmiling, looks directly at the camera, apparently filmed on a cellphone. Borgwardt says he is in his apartment and briefly pans the camera, but mostly shows a door and bare walls. “I’m safe and secure, no problem,” he says. How did he fake his death? Borgwardt has told authorities he overturned his kayak on the lake, dumped his phone in it and paddled an inflatable boat to shore. He told authorities he chose Green Lake because it is Wisconsin's deepest at 237 feet (over 72 meters). He then rode an electric bike stashed by a boat launch about 70 miles (110 kilometers) through the night to Madison, the sheriff said. From there, by Borgwardt's account, he traveled by bus to Detroit and then Canada, where he boarded a plane. Police are still verifying Borgwardt’s description of what happened, Podoll said. Why did he do it? Borgwardt faked his death and fled because of “personal matters,” thinking it was the right thing to do, the sheriff said. Investigators found that he took out a $375,000 life insurance policy in January for his family. “He was just going to try and make things better in his mind, and this was the way it was going to be,” Podoll said. What's next? Borgwardt has not yet decided to return home, and if he does it will be of his own free will, according to Podoll. Deputies are stressing to him the importance of returning home and cleaning up the mess he made. The sheriff suggested that Borgwardt could be charged with obstructing the investigation into his disappearance, but so far no counts have been filed. The search for Borgwardt, which lasted more than a month, is said to have cost at least $35,000. Borgwardt told authorities that he did not expect the search to last more than two weeks, Podoll said, and his biggest concern is how the community will react to him if he returns. This story was updated to correct the spelling of Scott Shackelford’s last name, which had been misspelled “Shackleford.” Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!Global Head Protection Equipment Market Set For 4.6% Growth, Reaching $7.07 Billion in 2028

Lara Trump totally didn't want to be a senator anyway, you guysApplied Optoelectronics Closes Exchange of 2026 Notes and Concurrent Registered Direct Offering

Companies that want to go public without a diverse board may still have to get through Goldman Sachs

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