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Meanwhile, the situation in Syria has also exposed the U.S.'s vulnerabilities in the Middle East. The ongoing civil war and the recent escalation of violence have created a humanitarian crisis of epic proportions, with millions of Syrians displaced and in need of assistance. The U.S. has struggled to formulate a coherent strategy to address the conflict in Syria, as competing interests and alliances within the region have made it difficult to find a path forward.As the cute economy continues to evolve, it presents opportunities for brands, retailers, and creators to innovate and engage with consumers in new and exciting ways. The trend not only reflects changing consumer preferences but also highlights the power of emotions and aesthetic appeal in driving purchasing decisions. For young people, the cute economy represents more than just a trend - it is a form of self-expression, a source of joy, and a way to connect with others who share a love for all things adorable.
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While immigration officials have used the tech for years, an October letter from the Department of Homeland Security obtained exclusively by The Associated Press details how those tools — some of them powered by AI — help make life-altering decisions for immigrants, including whether they should be detained or surveilled. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency's supervision. The letter, sent by DHS Chief Artificial Intelligence Officer Eric Hysen to the immigrant rights group Just Futures Law, revealed that the score calculates the potential risk that an immigrant — with a pending case — will fail to check in with Immigration and Customs Enforcement officers. The algorithm relies on several factors, he said, including an immigrant’s number of violations and length of time in the program, and whether the person has a travel document. Hysen wrote that ICE officers consider the score, among other information, when making decisions about an immigrant’s case. “The Hurricane Score does not make decisions on detention, deportation, or surveillance; instead, it is used to inform human decision-making,” Hysen wrote. Also included in the government’s tool kit is a mobile app called SmartLINK that uses facial matching and can track an immigrant’s specific location. Nearly 200,000 people without legal status who are in removal proceedings are enrolled in the Alternatives to Detention program, under which certain immigrants can live in the U.S. while their immigration cases are pending. In exchange, SmartLINK and GPS trackers used by ICE rigorously surveil them and their movements. The phone application draws on facial matching technology and geolocation data, which has been used before to find and arrest those using the app. Just Futures Law wrote to Hysen earlier this year, questioning the fairness of using an algorithm to assess whether someone is a flight risk and raising concerns over how much data SmartLINK collects. Such AI systems, which score or screen people, are used widely but remain largely unregulated even though some have been found to discriminate on race, gender or other protected traits. DHS said in an email that it is committed to ensuring that its use of AI is transparent and safeguards privacy and civil rights while avoiding biases. The agency said it is working to implement the Biden administration’s requirements on using AI , but Hysen said in his letter that security officials may waive those requirements for certain uses. Trump has publicly vowed to repeal Biden's AI policy when he returns to the White House in January. “DHS uses AI to assist our personnel in their work, but DHS does not use the outputs of AI systems as the sole basis for any law enforcement action or denial of benefits,” a spokesperson for DHS told the AP. Trump has not revealed how he plans to carry out his promised deportation of an estimated 11 million people living in the country illegally. Although he has proposed invoking wartime powers, as well as military involvement, the plan would face major logistical challenges — such as where to keep those who have been detained and how to find people spread across the country — that AI-powered surveillance tools could potentially address. Karoline Leavitt, a spokesperson for Trump, did not answer questions about how they plan to use DHS’ tech, but said in a statement that “President Trump will marshal every federal and state power necessary to institute the largest deportation operation” in American history. Over 100 civil society groups sent a letter on Friday urging the Office of Management and Budget to require DHS to comply with the Biden administration’s guidelines. OMB did not immediately respond to a request for comment. Just Futures Law’s executive director, Paromita Shah, said if immigrants are scored as flight risks, they are more likely to remain in detention, "limiting their ability to prepare a defense in their case in immigration court, which is already difficult enough as it is.” SmartLINK, part of the Intensive Supervision Appearance Program, is run by BI Inc., a subsidiary of the private prison company The GEO Group. The GEO Group also contracts with ICE to run detention centers. ICE is tight-lipped about how it uses SmartLINK’s location feature to find and arrest immigrants. Still, public records show that during Trump’s first term in 2018, Manassas, Virginia-based employees of BI Inc. relayed immigrants’ GPS locations to federal authorities, who then arrested over 40 people. In a report last year to address privacy issues and concerns, DHS said that the mobile app includes security features that “prohibit access to information on the participant’s mobile device, with the exception of location data points when the app is open.” But the report notes that there remains a risk that data collected from people "may be misused for unauthorized persistent monitoring.” Such information could also be stored in other ICE and DHS databases and used for other DHS mission purposes, the report said. On investor calls earlier this month, private prison companies were clear-eyed about the opportunities ahead. The GEO Group’s executive chairman George Christopher Zoley said that he expects the incoming Trump administration to “take a much more aggressive approach regarding border security as well as interior enforcement and to request additional funding from Congress to achieve these goals.” “In GEO’s ISAP program, we can scale up from the present 182,500 participants to several hundreds of thousands, or even millions of participants,” Zoley said. That same day, the head of another private prison company told investors he would be watching closely to see how the new administration may change immigrant monitoring programs. “It’s an opportunity for multiple vendors to engage ICE about the program going forward and think about creative and innovative solutions to not only get better outcomes, but also scale up the program as necessary,” Damon Hininger, CEO of the private prison company CoreCivic Inc. said on an earnings call. GEO did not respond to requests for comment. In a statement, CoreCivic said that it has played “a valued but limited role in America’s immigration system” for both Democrats and Republicans for over 40 years.
NoneAs players navigate through the immersive world of "Black Myth: Wukong" decked in their New Year finery, they are not only treated to a visually stunning experience but also a deeper understanding and appreciation of Chinese culture and traditions. The vibrant colors, intricate designs, and symbolic motifs woven into the game's New Year set serve as a bridge between players from different cultural backgrounds, fostering a sense of unity and shared celebration.Wang Sicong's company faces enforcement for 148,000 RMB with multiple risk information involvedThe competition for the top spot on the chances created leaderboard highlights the importance of creativity and vision in modern football. Players who can consistently carve out opportunities for their teammates often play a crucial role in determining the outcome of matches. Whether it's through precise through balls, pinpoint crosses, or clever dribbling, the ability to create chances is a valuable asset for any team.
Adani’s ‘renewable energy marvel’ trapped in US bribery indictment NEW DELHI: Betting big on the clean energy goals of Indian Prime Minister Narendra Modi, billionaire Gautam Adani found backers in France’s TotalEnergies and the Qatar Investment Authority as he set out to build the world’s biggest renewable energy project. The crown jewel of his company, Adani Green, is an energy park in western Gujarat state planned to be five times the size of Paris on completion, and producing 50 gigawatts by 2030, or roughly a tenth of India’s clean energy goals. Now the plan faces a hurdle in the form of a US indictment of Adani, his nephew and executive director Sagar Adani and managing director Vneet S Jaain, accusing them of paying bribes of $265 million to secure Indian power supply contracts, and misleading US investors during fund raises there. Since the news, stock of Adani Green has nosedived 36 per cent, losing $9.6 billion in market value.Adani Group has denied the accusations in the US indictment as baseless, and vowed to seek all legal recourse.But fund-raising could get complicated. “To the extent of raising additional capital for newer projects, any sort of regulatory issues become problematic,” said Deepika Mundra, a senior analyst at M&G Investments based in Britain. “Particularly if you want to tap international markets.” Adani Green is one of many public and private companies key to helping India achieve its goals, she added. “It is quite important that all these (Adani Green) projects go through.”The Adani Green boom is reflected in a surge of 10,000 per cent in its shares between 2018 and 2022 as power demand in India swells, spurring it to develop the energy park in Khavda in Gujarat. “For us, this renewable energy park is a symbol of our commitment to sustainability and a symbol of national pride,” Adani wrote in his annual report in June.When complete, its output would be “enough to power nations like Belgium, Chile, and Switzerland”, he added. Adani has committed investment of $100 billion in the renewables sector, seen as core to the ports-to-airports conglomerate that is worth more than $135 billion.Now the tide is turning for Adani Green, described by US prosecutors as being at the heart of ‘The Corrupt Solar Project’. After the US indictment, TotalEnergies, which holds a stake of nearly 19.8 per cent in Adani Green, was among the first to react, saying it would not invest more in the group for now. It had not been made aware of the bribery case, even though Sagar Adani was served a grand jury subpeona last year by the US Federal Bureau of Investigation, it added. The Qatar Investment Authority, with a stake of 2.7 per cent, declined comment. But standing firm for now is GQG Investors, which holds a stake of 4.2 per cent. In an internal client note seen by Reuters, it said, “We believe the fundamentals of the companies we are invested in remain sound”. Adani Green added power capacity of 37 per cent each year to reach 11.2 GW by September this year, from a mere 2 GW in the 2018-19 financial year.Its next big target is 50 GW goal by 2030, or a capacity addition of 31 per cent each year, it told investors in a presentation in November. ‘RENEWABLE ENERGY MARVEL’ Adani Green’s revenues of $574 million during the period from April to September this year were up 20 per cent on the year, boosting its cash profit 27 per cent to $313 million over that time.With large solar, wind and hybrid power developments in Gujarat and the desert state of Rajasthan, it is developing smaller pumped-storage hydro power projects in five Indian states. The facilities in Rajasthan and Gujarat were to have supplied the power contracted for in the Adani deals that US prosecutors allege to have been granted after payment of bribes.One of them is the partly developed marquee project in Khavda, just 18 miles (30 km) from the international border with Pakistan. It is described by Adani as “a renewable energy marvel in the making”. Adani is targeting a massive jump in operational capacity at the location to 30 GW by 2029, up from 2.25 GW now. Energy from the park can power 16.1 million homes each year, Adani says. Reuters was among media which toured the project site in April, when thousands of labourers worked on construction and scores of solar panels were being installed.Engineers that day talked up the potential of the project, which would sprawl across 540 sq km (210 sq miles) when complete, saying it would be visible from space. “The kind of support being provided by the central government, and I must say, the state governments also, is extraordinary,” Managing Director Vneet S Jaain said at the time.Jaain, one of three Adani executives, besides Gautam and Sagar Adani, indicted for offering bribes to Indian state officials to secure deals, has not responded to a request for comment from Reuters.No. 16 Cincinnati tests efficient offense vs. Alabama StateAlbury Council needs to "go out of our way" to support Chryslers on the Murray organisers, former mayor Kylie King said as an alcohol ban to cover the next two stagings won unanimous support. or signup to continue reading The council, at its meeting on Monday, November 25, universally endorsed linked to an unofficial cruise that happens in South Albury when the car show unfolds in March. Cr King said the Albury Wodonga Chrysler Club had unfortunately suffered when "Through no fault of their own, an issue was raised, council officers and the team have come up with, I think, a great way to support them and hopefully tackle Cr King said. "We really do need to go out of our way to do what we can to support this club to make sure that this event does continue." An alcohol-free zone will be set up on streets bounded by Wodonga Place, Townsend Street and Nurigong Street from 5pm to 9am on the Fridays and Saturdays of Chryslers on the Murray for 2025 and 2026. Similarly, there will be a ban on booze in the nearby Murray River parks at the same time. The council will also have its mobile CCTV unit, which has number plate recognition, in the area during those periods. The council's business and lifestyle service leader, Ambrose Glass, said the police's approach would be to pour alcohol from vessels if found in the zones, and fines would be issued for gross misbehaviour. Councillor Phil Bullivant welcomed the outcome, which followed "I think the council staff have done a particularly good job negotiating with the stakeholders (organisers and police), so going forward I think it's a win-win for everybody, the community and the car club," Cr Bullivant said. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. 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The meeting was already filled with anticipation and tension, with both leaders keen to assert their dominance and authority on the global stage. However, it was the physical interactions between Trump and Macron that truly stole the spotlight and set social media abuzz.Trudeau directs key adviser to deliver renewed national security strategyThe truck driver, taken aback by the sudden confrontation, calmly responded, "I did not expect you to attempt such a risky maneuver. I couldn't brake in time to avoid the collision. We both need to be more cautious on the road."
As Douyin e-commerce continues to evolve, it is essential for both users and sellers to prioritize finding the balance point that enhances the overall user experience while driving business growth. By focusing on creating valuable content, promoting transparency, diversifying promotional techniques, and utilizing data-driven insights, Douyin e-commerce can shift towards a more sustainable and mutually beneficial model.But now, as I stand at the crossroads of my life, I realize that it is never too late to reclaim those lost dreams, to seek retribution for the moments of doubt and insecurity that plagued my younger self. I am ready to embark on a journey of self-discovery and healing, to confront the demons of my past and embrace the potential of my future.
Tyler bomb squad responds to grenades in RuskIt’s hard to even comprehend how much PC gaming has changed in the past 20 years. But it was the classic FPS Half-Life 2 that convinced people to install this weird military-green launcher app named Steam and take the plunge on digital distribution. Not only was it a fantastic game, it built on Valve’s established track record of mod support, providing creators with the tools to create their own levels, campaigns and total conversions, even if the studio's own plans could be a bit of an inscrutable black box. Smash-cut to two decades later. We’re still waiting for an official reveal of Half-Life 3 , but at least we’ve had plenty to chew on in the meantime. While never quite as explosively popular to remix as Doom (largely due to much more demanding mod tools), Half-Life 2 has maintained an active community of creators, mappers and modders since day one. Some went on to create fully standalone games like No More Room In Hell , or G String , Black Mesa or Infra , but plenty more kept hammering away at free goodies for us all to gorge on. After installing many, many Half-Life 2 mods, here are my choice picks from recent years to get you up to speed with Gordon and pals. How to install Half-Life 2 mods Despite a steady drip-feed of small updates over the years, it wasn’t until this 20th anniversary weekend that Valve finally made it easier to install Half-Life 2 mods. The game now has integrated Steam Workshop support , but at the time of writing, only a handful of items are available there, so to access some of the best mods you’re going to have to shuffle some files around for yourself. Not a huge hassle, but it could be easier. You will, of course, need to own Half-Life 2, along with its expansions. To install stuff not on the Steam Workshop, you should follow each mod’s individual installation instructions, but the most common first step is to have either the Source SDK Base 2013 Singleplayer or the Source SDK Base 2013 Multiplayer packages installed on Steam, from the Tools section of your Steam library. If you own Half-Life 2, both of these should be accessible. You should also right-click on either/both, go into Properties/Betas and select the ‘upcoming’ branch for Singleplayer, and ‘prerelease’ branch for Multiplayer. This’ll ensure that you’re using the very latest build, which most mods require. Once you’ve got that downloaded and updated, all you need to do is drop any unzipped mod folders into your Steam\steamapps\sourcemods directory (usually starting with C:\Program Files (x86)\Steam\ ). If all’s in working order, close and re-launch Steam to have the mods pop up in Steam itself as part of your library. If they don’t, double-check to make sure everything has been unzipped to the right place. The biggest gaming news, reviews and hardware deals Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team. Fortunately you won't need to go through these steps for some of my picks. As while Valve haven’t made mod distribution especially easy for Half-Life 2 until just recently, it has approved a large assortment of fan-made adventures and more polished mods to be released directly on the Steam storefront. Here’s some easy-to-install must-plays: The best Half-Life 2 mods on Steam Workshop Half-Life 2: Update by Filip Victor Available: Direct on Steam No longer quite as essential, but still an important community favorite, released around HL2’s 10 year anniversary. Until the impressive Half-Life 2 RTX drops, this subtle community-produced remaster is worth using. For the most part this is Half-Life 2 just as you remember, albeit with slightly better lighting and effects, and a lot of old outstanding bugs (many spawned by Valve themselves while updating the engine) crowbarred into submission. It’s Half-Life 2 as nostalgia tells you it was, not as it actually was. While this mod does only cover the original Half-Life 2 and neither of its expansions, it’s a polished and smart enough production to be worth installing. Especially if you turn on the optional Community Commentary mode, featuring anecdotes, insights and reminiscing from an assortment of avid Half-Life 2 fans, YouTubers and streamers. While that might sound like torture to some (and admittedly not quite as impressive as Valve’s own commentary), they’ve got some fun insights, and if you’d still rather not hear it, it’s entirely optional. In a similar vein, those lucky enough to own a pair of high-tech goggles should check out Half-Life 2 VR (including Episode 1 & Episode 2 ) to experience the classic campaign from a fresh new perspective. Entropy : Zero 2 by Breadmen Available: Direct on Steam Still one of the biggest and best. Sequel to the solid but slightly rough-hewn Entropy : Zero , this campaign puts you in the alien jackboots of ‘Bad Cop’, who is a bit of an arsehole even by Combine police standards. But evil alien governments being what they are, he’s marked as expendable before long, sending him on a shockingly well-written adventure through the bowels of an old Aperture Labs (yes, from Portal) research facility, where he teams up with Wilson, a sapient gun turret, for some buddy-action comedy hijinks. It’s just top notch Half-Life, and explores new and interesting sides to the setting without feeling too much like overwrought fanfic. And there’s still plenty more Entropy : Zero on the horizon, too. There’s two expansions in the works, one continuing Bad Cop’s story following EZ2’s good ending, and one prequel campaign putting you in the shoes of a Combine assassin shortly after the alien takeover. On top of that, the third-party expansion Entropy : Zero - Uprising is still chugging along, with its first chapter available now. And to top it all off? Entropy Zero 2 has its own Steam Workshop page , packed with community-made maps and mods. Swelter by SDE Development Team Available: Direct on Steam Another excellent singleplayer campaign. Experience a day in the life of a regular Resistance grunt, sent on a diplomatic mission to Combine-held Central Asia (most likely former Kazakhstan) in this sunny, chaotic little campaign. It’s a full self-contained three-act adventure. Only a few hours long, but never a dull moment as you bounce between setpiece after setpiece, gunfight after gunfight, and some gorgeously detailed environments. Day turns to night turns to dawn as your mission progresses, keeping the atmosphere fresh as you travel across the country. As well as the usual horrors of Combine occupation, the formerly Soviet state is full of sun-bleached structures emblazoned with fading red stars, as well as local art and architecture. It’s nice to see another culture and part of the world through the lens of Half-Life 2’s sci-fi war for survival. But also you probably won’t have long to appreciate the sights because there’s a whole lot of shooting to be done using an assortment of HL2 staples and a stack of cold war hand-me-downs. Can’t go wrong with an AK at least! Jabroni Brawl: Episode 3 by Team Jabroni Available: Direct on Steam A rare multiplayer pick, but a fantastic time if you bring the right people to the party. Jabroni Brawl: Episode 3 is an anarchic, enormous collection of competitive multiplayer maps and modes, and spiritual successor to the deeply chaotic Jaykin’ Bacon: Source . The tagline ‘For idiots, by idiots’ isn’t messing around. Over 130 maps and 150 player models (many borrowed from other games) and 80 weapons (including a dubstep cannon, an AK with an axe-bayonet and the classic Rocket Crowbar) spice up 14 game modes including ‘Sneaks vs Mallcops’ and ‘The Shidden’. On a server with game modes set to shuffle and all the maps in rotation, you won’t be bored. Sadly, despite Jabroni Brawl being actively supported and still getting regular updates with new maps, modes and features, there’s not many people playing it. And those that do frequent the game’s public servers tend to be a raucous and abrasive lot. Our advice is to BYOB (Bring Your Own Buddies) and convince your favorite gaming Discord community to install it, set up a password-locked server of your own and jump in with a bunch of people you know. Half-Life 2 mods from the border worlds (not Steam) Half-Life 2: MMod by Gunship_Mark_II Available: On ModDB If HL2 Update was giving the game an oil change, a wash and a wax, then MMod blesses Half-Life 2 with a full engine tune-up, a flashy new spoiler and a fresh decal kit. Sequel to a similarly impressive overhaul for Half-Life 1 , MMod aims to tune up Half-Life 2’s core gunplay and visual effects, with more particles, dynamic lighting, much slicker weapon animations and some minor balance tweaks. No massive or sweeping changes to gameplay, but a subtle shift towards modernity, buffing out some of the worst scuff marks that HL2 has picked up over the years. It’s a neat way to replay Half-Life 2 and its expansions. It’s impressive enough in action, with the now-bassy SMG spitting out smoking brass and the shotgun putting the fear of Gord into the Combine, but where MMod shines brightest is in its portability. The Addons page on ModDB for it contains a vast library of compatibility patches, letting you apply MMod’s enhancements to dozens upon dozens of other campaigns, maps and mods. Some of these patches are for older, slightly less polished versions of MMod, but it’s still a fantastic excuse to dive into the Half-Life extended universe, including some of the RTSL campaigns below! Run. Think. Shoot. Live. Available: On the RTSL Site Not a single mod recommendation, but rather a community, and one at the heart of Half-Life 2 modding to this day. While big projects like Entropy : Zero 2 are the tips of the iceberg, this is where you’ll find the deepest, purest and coolest ice. RTSL organizes, hosts and distributes a constant, steady drip feed of interesting Half-Life collaboration projects, usually built around themes, challenges or restrictions for their community of mappers and modders, like a Doom-inspired all-action level pack or a set of high-verticality maps where backtracking is part of the fun . I'm hoping to see some of these uploaded to the Steam Workshop soon! It’s like an all-you-can-eat buffet. Maybe not the most professional and polished productions, but endlessly varied flavors and textures to experience. With around 1600 hosted projects, you’ll have a nearly endless supply of HL2 to dive into here, but for starters, check out the recent TWHL Tower: Source . The latest in a series of Exquisite Corpse collaborations, a creative community patchwork campaign built around a simple concept: The player is storming a Combine-held tower, starting on the bottom floor. Each staircase introduces a new mapper, and often a completely different brand of gameplay. Expect claustrophobic, densely packed encounters and some very creative levels (of wildly varying quality—be warned) as you ascend, including (among other things) a System Shock 2-themed escape room. SourceWorld (Demo) by Bronco Development Available: On ModDB Last, but by no means least is one of HL2’s most mechanically ambitious mods to date, turning the game into a fully procedurally generated dungeon crawl. Set long after the Combine have been driven from Earth, you’re an unfortunate agent trying to pay off a massive debt by running smash-and-grab raids on parallel dimensions. It’s classic Half-Life 2 combat, but with escalating stakes. There’s even a little bit of Hades in here, with a story that unfolds over the course of multiple runs, with more equipment and even a persistent character skill tree giving you long-term progression options. The combat has been re-tuned somewhat to make even overly familiar threats menacing again. Don’t go underestimating the zombies, as they’re faster and more aggressive than you remember. Even if the current version of the mod is just the demo (featuring a limited range of map tile-sets and story events in the lab), it’s an astounding technological feat, and hints at Half-Life 2 still having some real life in it as a modding platform even as we hurtle into the very futuristic-sounding year of 2025. Here’s hoping for a bit more verticality in the maps come the final release, though. While Half-Life 2’s modding scene may not be buzzing with energy, it’s still producing some interesting and surprising projects. With SourceWorld pushing the engine to its limits (it was REALLY not built for procedural generation and I dare not peek at the nightmare spaghetti-code underpinning it all), perhaps this is the beginning of a grand resurgence, combined with the launch of Workshop support and expanded map size limit. Will we meet back here in another decade? Probably not, unless the editors lock me in the PC Gamer basement. But the right man in the wrong place can make all the difference.
Arteta wanted his team to prove their European credentials following some underwhelming displays away from home, and the Gunners manager got exactly what he asked for. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track in style following the 1-0 defeat at Inter Milan last time out. A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners had failed to win or score in their two away games in the competition so far this season, but they made a blistering start in the Portuguese capital and took the lead after only seven minutes. Declan Rice fed overlapping full-back Jurrien Timber, who curled a low cross in behind the home defence for Martinelli to finish at the far post. Arsenal doubled their lead in the 20th minute thanks to a glorious ball over the top from Thomas Partey. Saka escaped the clutches of his marker Maximiliano Araujo to beat the offside trap and poke the ball past advancing goalkeeper Franco Israel for Havertz to tap home. It was a scintillating first-half display which completely overshadowed the presence of Viktor Gyokeres in Sporting’s attack. The prolific Sweden striker, formerly of Coventry, has been turning the heads of Europe’s top clubs with his 24 goals in 17 games this season – including a hat-trick against Manchester City earlier this month. But the only time he got a sniff of a run at goal after an optimistic long ball, he was marshalled out of harm’s way by Gabriel. David Raya was forced into one save, tipping a fierce Geovany Quenda drive over the crossbar. But Arsenal added a third on the stroke of half-time, Gabriel charging in to head Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. Former Tottenham winger Marcus Edwards fired over, as did Gyokeres, with Arsenal temporarily on the back foot. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved, and Gyokeres’ miserable night was summed up when his late shot crashed back off the post.Kolpack: A major league meltdown for Bison in Vermillion
NEW YORK , Nov. 25, 2024 /CNW/ - Galaxy Digital Holdings Ltd. GLXY ("GDH Ltd." or the "Company") is pleased to announce that Galaxy Digital Holdings LP (the "Issuer," and together with GDH Ltd., "Galaxy") has closed its previously announced offering of $402.5 million aggregate principal amount of 2.50% exchangeable senior notes due 2029 (the "Notes"), after the exercise in full by the initial purchasers of the Notes of an option to purchase up to an additional $52.5 million aggregate principal amount of the Notes. The Issuer intends to use the net proceeds from the offering to support the build-out of high-performance computing infrastructure at its Helios data center in West Texas and for general corporate purposes, including potential repurchases of its existing indebtedness. As previously announced, the Company's board of directors has approved a proposed corporate reorganization (the "Reorganization") whereby Galaxy intends to consummate a series of related transactions in connection with its re-domiciliation to the United States , as a result of which the ordinary shares of GDH Ltd. ("ordinary shares") outstanding immediately prior to such transactions will automatically convert into shares of Class A common stock (the "Class A shares," and, together with ordinary shares, the "Common Stock") of Galaxy Digital Inc., a Delaware holding company ("GDI"). Prior to September 1, 2029 , the Notes are exchangeable only upon satisfaction of certain conditions and only during certain periods, and thereafter, the Notes will be exchangeable at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date. The Notes are exchangeable on the terms set forth in the indenture for the Notes into cash, ordinary shares if the exchange occurs prior to the Reorganization or Class A shares if the exchange occurs after the Reorganization, or a combination of cash and ordinary shares or Class A shares, as applicable, in each case, at the Issuer's election. The exchange rate is initially 10,497.5856 shares of Common Stock per $250,000 principal amount of Notes, equivalent to an initial exchange price of approximately USD$23.81 ( CAD$33.30 equivalent based on the November 20, 2024 exchange rate) per share of Common Stock. The initial exchange price of the Notes represents a premium of approximately 37.50% to the CAD$24.22 closing price of the ordinary shares on the TSX on November 20, 2024 , the pricing date. The exchange rate is subject to adjustment in some events. In addition, following certain corporate events that occur prior to the maturity date or the Issuer's delivery of a notice of redemption, the Issuer will increase, in certain circumstances, the exchange rate for a holder who elects to exchange its Notes in connection with such a corporate event or a notice of redemption, as the case may be. The Notes are general unsecured obligations of the Issuer, will accrue interest at a rate of 2.50% per year, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025 . The Notes will mature on December 1, 2029 , unless earlier repurchased, redeemed or exchanged. The Notes are not redeemable by the Issuer at any time before December 6, 2027 , except in certain circumstances set forth in the indenture. The Notes will be redeemable, in whole or in part, for cash at the Issuer's election at any time, and from time to time, on or after December 6, 2027 and prior to the 41st scheduled trading immediately before the maturity date, but only if the last reported sale price per Common Stock exceeds 130% of the exchange price for a specified period of time. The redemption price for any Note called for redemption will be the principal amount of such Note plus accrued and unpaid interest on such Note to, but not including, the redemption date. If a "fundamental change" (as defined in the indenture) occurs, then, subject to certain conditions, noteholders may require the Issuer to repurchase their Notes for cash. The repurchase price will be equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but not including, the applicable repurchase date. The Notes and any Common Stock issuable or deliverable upon exchange of the Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws, or qualified by a prospectus in Canada . The Notes and any Common Stock issuable or deliverable upon exchange of the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. Following the Reorganization and subject to certain conditions, holders of the Notes are expected to have the benefit under a registration rights agreement to require GDI to register the resale of any Class A shares issuable upon exchange of the Notes on a shelf registration statement to be filed with the U.S. Securities and Exchange Commission. This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. Cautionary Statement Concerning Forward-Looking Statements The information in this press release may contain forward looking information or forward looking statements, including under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding the use of proceeds from the offering, our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about Galaxy's business pipelines for banking, expectations for increased load capacity at the Helios site, mining goals and our ability to capture adjacent opportunities, including in high-performance computing and the Helios transaction, focus on self-custody and validator solutions and our commitment to the future of decentralized networks and the pending Reorganization, and the parties, perspectives and expectations, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to complete the proposed Reorganization, due to the failure to obtain shareholder and stock exchange approvals, or otherwise; (2) changes to the proposed structure of the Reorganization that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining shareholder or stock exchange approval of the Reorganization; (3) the ability to meet and maintain listing standards following the consummation of the Reorganization; (4) the risk that the Reorganization disrupt current plans and operations; (5) costs related to the Reorganization, operations and strategy; (6) changes in applicable laws or regulations; (7) the possibility that Galaxy may be adversely affected by other economic, business, and/or competitive factors; (8) changes or events that impact the cryptocurrency industry, including potential regulation, that are out of our control; (9) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (10) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; and (11) the possibility that there is a disruption in mining impacting our ability to achieve expected results or change in power dynamics impacting our results or our ability to increase load capacity; (12) any delay or failure to consummate the business mandates or achieve its pipeline goals in banking and Gk8; (13) liquidity or economic conditions impacting our business; (14) regulatory concerns, technological challenges, cyber incidents or exploits on decentralized networks; (15) the failure to enter into definitive agreements or otherwise complete the anticipated transactions with respect to the non-binding term sheet for Helios; (16) TSX approval of the offering and (17) those other risks contained in the Annual Information Forms for GDH Ltd. and the Issuer for the year ended December 31, 2023 available on their respective profiles at www.sedarplus.ca and their respective Management's Discussion and Analysis, filed on November 7, 2024 . Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of the stated addressable market; the failure or delay in the adoption of digital assets and the blockchain ecosystem; a delay or failure in developing infrastructure for our business or our businesses achieving our banking and Gk8 mandates; delays or other challenges in the mining business related to hosting, power or our mining infrastructure, or our ability to capture adjacent opportunities; any challenges faced with respect to decentralized networks, considerations with respect to liquidity and capital planning and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. Other Disclaimers The TSX has neither approved nor disapproved the contents of this press release. SOURCE Galaxy Digital Holdings Ltd. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/25/c8488.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
With the prize money secured, the citizen now faces the exciting yet daunting task of deciding how to best utilize their windfall. Plans for the future are swirling in their mind, ranging from taking a dream vacation to investing in a business venture or even giving back to the community in meaningful ways.None
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