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Brazil's Supreme Court on Wednesday started examining four cases that turn on how far social media should be regulated, and what responsibilities platforms have in cracking down on illegal content. The judicial review comes a month after the same court forced Elon Musk's X platform to obey rulings aimed at battling online disinformation. That issue has taken on heat in recent days in Brazil, with federal police accusing far-right ex-president Jair Bolsonaro and allied officials of using social media disinformation as part of a 2022 "coup" plot against Luiz Inacio Lula da Silva, then the country's president-elect. The alleged plot involved using online posts to undermine public trust in the electoral system to justify Bolsonaro holding onto the presidency after Lula defeated him at the polls. Bolsonaro says he is innocent. The Supreme Court's deliberations in the cases are not expected to be concluded until sometime next year. One key point it is looking at is whether social media platforms can be fined for illegal content posted by users. Another is whether the platforms should themselves be required to monitor and remove any illegal content without a prior court order to do so. The court's rulings will become precedents that will have to be applied generally to all social media platforms operating in Brazil. Brazil -- many of whose 216 million inhabitants are heavy users of WhatsApp and Facebook -- does not have legislation in that area. More from this section Global social media networks, however, already have to abide by laws in the EU against illegal online content, under the bloc's Digital Services Act (DSA), which could guide them in terms of Brazilian compliance. One of the Brazilian Supreme Court's judges, Alexandre de Moraes, in August ordered Musk's X be blocked across the country for failing to comply with a series of court orders against online disinformation. On October 9, the platform was allowed to resume activities after paying around $5 million in fines and deactivating the accounts of several Bolsonaro supporters accused of spreading disinformation and online hate speech. The court's presiding judge, Luis Roberto Barroso, told AFP that "digital platforms... open paths to disinformation, hate, deliberate lies and conspiracy theories." He added: "In the whole democratic world there are debates about protecting free speech without permitting everyone to fall into a pit of incivility." He pointed to the European Union's DSA as a form of regulation "that seeks a point of ideal equilibrium". Brazil, in his opinion, should carve out its own regulation "with a minimum of government intervention where it comes to freedom of thought, while preventing increased criminality and inciting violence." ffb/rmb/stTraffic citations against Dolphins' Tyreek Hill dismissed after officers no-show at hearing
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Wall Street has been closely watching who President-elect Donald Trump will pick, especially given his plans to remake global trade. WASHINGTON - President-elect Donald Trump on Nov 22 said he had chosen prominent investor Scott Bessent as US Treasury secretary, a key Cabinet position with vast influence over economic, regulatory and international affairs. “I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States,” Trump said in a statement released on Truth Social. “Scott is widely respected as one of the World’s foremost international investors and geopolitical and economic strategists.” Wall Street has been closely watching who Trump will pick, especially given his plans to remake global trade through tariffs and extend and potentially expand the raft of tax cuts enacted during Trump’s first term. The choice came after days of deliberations by Trump as he sorted through a shifting list of candidates. That list included Apollo Global Management Chief Executive Marc Rowan and former Federal Reserve Governor Kevin Warsh. Investor John Paulson had also been a leading candidate, but dropped out, while Wall Street veteran Howard Lutnick, another contender, was appointed as head of the Commerce Department . Mr Bessent, who did not immediately respond to a request for comment, has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal. The market’s surge after Trump’s election victory, he wrote, signaled investor expectations of “higher growth, lower volatility and inflation, and a revitalised economy for all Americans”. Mr Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, Hank Paulson and Steven Mnuchin, Trump’s first Treasury chief. Dr Janet Yellen, the current secretary and first woman in the job, previously chaired the Federal Reserve and White House Council of Economic Advisers. Economy’s quarterback As the 79th Treasury secretary, Mr Bessent will essentially be the highest-ranking US economic official, responsible for maintaining the plumbing of the world’s largest economy, from collecting taxes and paying the nation’s bills to managing the US$28.6 trillion (S$38.5 trillion) treasury debt market and overseeing financial regulation, including handling and preventing market crises. The treasury boss also runs US financial sanctions policy, oversees the US-led International Monetary Fund, World Bank and other international financial institutions, and manages national security screenings of foreign investments in the US. Mr Bessent will face challenges, including safely managing federal deficits that are forecast to grow by nearly US$8 trillion over a decade due to Trump’s plans to extend expiring tax cuts next year and add generous new breaks, including ending taxes on Social Security income. Without offsetting revenues, this new debt would add to an unsustainable fiscal trajectory already forecast to balloon US debt by US$22 trillion through 2033. Managing debt increases this large without market indigestion will be a challenge, though Mr Bessent has argued Trump’s agenda will unleash stronger economic growth that will grow revenue and shore up market confidence. Mr Bessent will also inherit the role carved out by Dr Yellen to lead the Group of Seven wealthy democracies to provide tens of billions of dollars in economic support for Ukraine in its fight against Russia’s invasion and tighten sanctions on Moscow. But given Trump’s desire to end the war quickly and withdraw US financial support for Ukraine, it is unclear whether he would pursue this. Another area where Mr Bessent will likely differ from Dr Yellen is her focus on climate change, from her mandate that development banks expand lending for clean energy to incorporating climate risks into financial regulations and managing hundreds of billions of dollars in clean energy tax credits. Trump, a climate-change skeptic, has vowed to increase production of US fossil fuel energy and end the clean-energy subsidies in President Joe Biden’s 2022 Inflation Reduction Act. Fed facing The Treasury secretary is also the administration’s closest point of contact with the Federal Reserve. Both Dr Yellen under Mr Biden and Mr Mnuchin under Trump typically met weekly with Fed Chair Jerome Powell, often over breakfast or lunch. Mr Bessent has floated the idea of creating a “shadow” Fed chair. This would entail nominating as early as possible a presumptive Powell successor to the Fed Board who would then deliver their own policy guidance so that, as Mr Bessent told Barron’s in October, “no one is really going to care what Jerome Powell has to say anymore”. The next seat to open up at the Fed Board is that of Governor Adriana Kugler, whose term runs to January 2026. Mr Bessent has since said he no longer thinks the idea of a shadow chair worth pursuing, the Wall Street Journal reported. Mr Powell’s term as Fed chair expires in May 2026, and presidents rarely wait until the Fed chief’s term ends before nominating a successor. From finance to DC Mr Bessent, 62, primarily lives in Charleston, South Carolina, with his husband and two children. He grew up in the fishing village of Little River, South Carolina, where Mr Bessent has said his father, a real estate investor, experienced booms and busts. Mr Bessent worked for noted short seller Jim Chanos in the late 1980s and then joined Soros Fund Management, the famed macroeconomic investment firm of billionaire George Soros. He soon helped Mr Soros and top deputy Stanley Druckenmiller on their most famous trade - shorting the British pound in 1992 and earning the firm more than US$1 billion. In 2015, Mr Bessent raised US$4.5 billion, including US$2 billion from Mr Soros, to launch Key Square Group, a hedge fund firm that bets on macroeconomic trends. Key Square’s main fund gained about 31 per cent in 2022, according to media reports, but firm assets have declined to approximately US$577 million as of December 2023, according to a regulatory filing. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now
Dilok Klaisataporn/iStock via Getty Images SPDR® Portfolio S&P 500 Value ETF ( NYSEARCA: SPYV ) appears to be one of the best investment vehicles for 2025, given value-heavy sectors, strong fundamentals, and uncertainty about the extension of the tech-driven bull run. Value-heavy sectors are expected Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Following SMU’s 34-31 loss to Clemson in Saturday’s ACC Championship game, many expected the Alabama Crimson Tide to sneak into the 12-team College Football Playoff field on Sunday. However, the playoff selection committee threw a slight curveball Alabama’s way when it put the 11-2 Mustangs in the playoff bracket and left the Crimson Tide out. Javascript is required for you to be able to read premium content. Thanks for the feedback.Article content The Regina Pats have traded away one of their top young players while landing a good young player in return. On Wednesday, the Western Hockey League club announced it has traded 17-year-old forward Cole Temple to the Everett Silvertips for 16-year-old forward Julien Maze. “First off, I’d like to thank Cole Temple for his time with the Pats, and wish him the best in Everett,” Pats general manager Alan Millar said in a release. “We are pleased to add Julien Maze to our hockey club. “Julien has very good puck skills, vision, and hockey sense. He will play an important role on our team, and we look forward to him developing with our young core.” Since being selected fifth overall in the 2022 WHL Draft by Regina, Temple has suited up in 87 WHL games. In his rookie season last year, the Brandon, Man. product recorded 19 points in 57 games. In 21 games this year, the 5-foot-10, 164-pound Temple was tied for third on the team with 12 points. He also represented Canada at last year’s World U17 Hockey Challenge. Earlier this year, he was graded as a ‘W’ prospect by NHL Central Scouting, indicating he could be a sixth or seventh round pick in the 2025 NHL Draft. In return for Temple, Maze joins a rebuilding Regina lineup that now features four 16-year-olds and six 17-year-olds. The Edmonton product, who turns 17 next month, has racked up six goals and 13 assists for 19 points in 21 games this season with the Silvertips. The 5-foot-8, 165-pound forward was previously selected by Everett in the first round, 20th overall, in the 2022 WHL Draft. In his rookie season last year, Maze had 12 points in 40 games. Wednesday’s trade is the eighth move made by Regina since the start of the season. Last week, the Pats traded captain Tanner Howe to the Calgary Hitmen for Reese Hamilton, Keets Fawcett and two draft picks. tshire@postmedia.com The Regina Leader-Post has created an Afternoon Headlines newsletter that can be delivered daily to your inbox so you are up to date with the most vital news of the day. Click here to subscribe. With some online platforms blocking access to the journalism upon which you depend, our website is your destination for up-to-the-minute news, so make sure to bookmark leaderpost.com and sign up for our newsletters so we can keep you informed. Click here to subscribe. Share this Story : Regina Pats trade Cole Temple to Silvertips for Julien Maze Copy Link Email X Reddit Pinterest LinkedIn Tumblr
( MENAFN - EIN Presswire) Environmental, Social And Governance (ESG) Rating Services Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 9, 2024 /EINPresswire / -- The Business Research Company 's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! The ESG rating services market size has grown rapidly in recent years, and it is poised for further growth. But what could this growth look like and what is driving it? The ESG rating services market will grow from $9.98 billion in 2023 to $11.06 billion in 2024 at a compound annual growth rate CAGR of 10.9%. The growth in the historic period can be attributed to a rise in corporate transparency, a surge in sustainable development goals, a rise in public awareness, a rise in consumer preferences, and an increase in investor scrutiny. For a more detailed look at the market, access the sample report: What will be the size of the ESG rating services market in 2028 and what could this mean for the key players in the sector? The ESG rating services market size is expected to see rapid growth in the next few years, reaching $16.83 billion in 2028 at a compound annual growth rate CAGR of 11.1%. The growth in the forecast period is attributed to rising climate change policies, economic incentives for companies, emphasis on transparency in supply chains, growing sustainability-linked loans, and increasing reliance on environmental impact assessments. Major trends over the forecast period include the adoption of green technologies, innovation in ESG metrics, adoption of circular economy models, digital transformation initiatives, and real-time ESG monitoring. What makes climate change awareness such a dominant driver for the ESG rating services market? Climate change awareness is set to hugely propel market growth moving forward. As evidence of the impacts of climate change mounts, including extreme weather events and environmental degradation, focus on environmental sustainability and risk management has grown. This has in turn increased demand for ESG rating services as companies look for evaluations of their climate-related performance and resilience strategies. As an example, according to the UK Parliament's House of Commons Library, the percentage of the British population that is very or extremely concerned about climate change in 2022 rose sharply to 74%, up from 45% in 2021. For more in-depth analysis, access the full report: Who are the key players in ESG rating services market? There are numerous major companies in the ESG rating services market, including Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, KPMG International Limited, S&P Global Inc., Deutsche Börse AG, Thomson Reuters Corporation, LSEG Data & Analytics, Bureau Veritas, Moody's Corporation, and many others. What trends are emerging from these key industry players within the ESG rating services market? Companies are developing AI-enabled platforms to enhance the accuracy and efficiency of ESG assessments, streamline data analysis, and provide more actionable insights. These platforms deliver real-time assessments and insights on ESG factors by automating the analysis of vast data sets. For instance, ERM, a UK-based business consulting and services company, recently launched ESG Fusion, an AI-driven platform providing rapid, custom ESG ratings. What is the market segmentation for ESG rating services market? The market falls into several key segments, including – 1 By Type: Addressing Environmental, Social And Governance ESG Expectations, Preparing Environmental, Social And Governance ESG Reports, Assuring Environmental, Social And Governance ESG Data, Communicating Environmental, Social And Governance ESG Strategy, Other Types 2 By Organization Size: Large Enterprises, Small And Medium Enterprises SMEs 3 By Application: Financial Industry, Consumer And Retail, Industrial Manufacturing, Energy And Natural Resources, Real Estate, Other Applications Which region dominated the ESG rating services market in 2023 and which region is expected to grow the fastest? In 2023, North America was the largest region in the ESG rating services market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. Contact us at: The Business Research Company Americas: +1 3156230293 Asia: +44 2071930708 Europe: +44 2071930708 Email us at ... Follow us on LinkedIn: Follow us on YouTube: Global Market Model: global-market-model Oliver Guirdham The Business Research Company +44 20 7193 0708 email us here Visit us on social media: Facebook X LinkedIn Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN08122024003118003196ID1108969394 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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Former BBC News journalist Rory Cellan-Jones said the Parkinson’s community “felt absolutely left out in the cold”, after being honoured at Buckingham Palace. The broadcaster’s former technology correspondent, 66, was formally made an OBE by the Princess Royal for his services to journalism on Wednesday. Cellan-Jones announced in 2019 that he had been diagnosed with Parkinson’s and he has since contributed to a podcast, Movers And Shakers, discussing life with the disease. Discussing the success of the podcast, which also features Jeremy Paxman, Cellan-Jones told the PA news agency: “It’s been an absolute scream. “We’ve had the most extraordinary reaction from the Parkinson’s community. “There is a community which felt absolutely left out in the cold and this award was for services to journalism, but I can’t help but think that maybe that played some part too.” Cellan-Jones said he talked to Anne about fundraising for Parkinson’s and how technology could possibly be used to monitor the disease. The journalist added: “She showed real interest in it. “Mike Tindall, whose father’s got it, is very active in fundraising – so we talked about that.” Cellan-Jones said the OBE was “very unexpected when it came”, adding that he felt “very privileged”. He said his rescue dog from Romania, named Sophie, was “making slow progress” after becoming a social media sensation with thousands of people following her recovery online. Speaking at Buckingham Palace, Cellan-Jones said several courtiers had asked after Sophie, adding: “She’s still incredibly nervous. She’s waiting at home, she wouldn’t have liked it here – a bit too busy. “She’s making slow progress, but she’s wonderful, and she’s been very important to us.” Earlier on Wednesday, broadcaster Alan Yentob, 77, was formally made a Commander of the Order of the British Empire (CBE) by the King for services to the arts and media. The retired television executive, who was born in Stepney, London, joined the BBC as a trainee in 1968. He devised the flagship arts programme Imagine..., which he presented on, and was creative director of the broadcaster from 2004 until 2015. Yentob stepped down from the role in the wake of the collapse of the charity Kids Company, where he was chairman. The broadcaster said Charles had been “incredibly supportive” of him. Discussing Charles, Yentob told the PA news agency: “He’s been incredibly supportive, as I said to him, on many fronts, including the fact that I was the chairman of Kids Company, and he was incredibly supportive of that in the most difficult times. “And I think the way he’s come out about his illness, and the way the Princess of Wales has too, has been admirable.” Yentob said it would be “reckless” to not support the BBC, adding “it’s a place which embraces everyone”. The broadcaster added: “If you look at the figures, it’s still doing well, even though a very substantial part of its income has been removed.” Roxy Music lead guitarist Phil Manzanera, 73, was formally made an OBE by the Princess Royal for his services to music. His most well-known band, featuring singer Bryan Ferry, is famed for hits such as Love Is The Drug and More Than This – topping the singles charts once with a cover of John Lennon’s Jealous Guy. Discussing the honour, Manzanera told the PA news agency: “It’s very moving and humbling to be amongst all these people who do absolutely incredible things. “But, obviously, I am very happy to get it for services to music and music production, because I think music helps us all in our lives in terms of improving the fabric of our lives, and it’s a great support for so many people.” The musician said he discussed his upbringing in South America and central America with Anne, having grown up in Colombia, Venezuela and Cuba. Manzanera said Anne told him that her father, Prince Philip, “once flew a Viscount plane to Caracas airport”. He said his upbringing was central to his musicianship, adding: “It’s in my DNA, the rhythms of South America. “And the musicians that we’ve all come to know through the Buena Vista Social Club were the kind of music that I started playing guitar with. “It wasn’t Bert Weedon’s Play in a Day for me, it was the music of Cuba.” Actress Shobna Gulati, 58, was formally made an MBE for services to the cultural industries, Scottish professional golfer Stephen Gallacher, 50, was made an MBE and former Arup deputy chairwoman Dervilla Mitchell, 66, received a damehood for services to engineering.McCandless fire companies seek a few good people