
You are reading the Morning Briefing newsletter. Get the news that prepares you for the day ahead, delivered to your inbox. Subscribe to our newsletter. Body of woman found inside Dover HDB flat, man able to help with police probe has left S’pore The man and the woman are known to each other. READ MORE HERE ComfortDelGro fixes commission it charges cabbies at 70 cents per ride for 3 months This is to raise the availability of rides during the festive period, said Singapore’s largest taxi firm. READ MORE HERE Drones used by Singapore Police in anti-vice op; seven arrested in Little India Six of the seven men arrested during a raid on a brothel were dressed in women’s clothing. READ MORE HERE No need to review raw water rate with Singapore: Malaysia deputy minister Treated water from Singapore still a ‘critical need’ for Johor, Malaysia’s deputy minister says. READ MORE HERE Low-key warfare: When foreign powers snip your internet cables Broken data cables in the Baltic Sea may feel distant, but they are a reminder of Southeast Asia’s own vulnerabilities. READ MORE HERE Father knows best? Pardon for Biden’s son and posts for Trump’s in-laws rattle US politics Family members held key positions in Trump’s first term too. READ MORE HERE Employers should keep open mind about flexi-work: Panellists Flexible work arrangements can spur productivity improvements and more conversations with employees, says a panellist. READ MORE HERE Dry conditions expected in first week of December, but rain to return in second week Daily maximum temperatures will likely range between 32 deg C and 34 deg C on most days. READ MORE HERE S’pore manufacturing sector joins regional race to get ahead of Trump’s proposed tariffs The purchasing managers’ index rose to 51 points in November, up from 50.8 points a month ago. READ MORE HERE Gardens by the Bay launches inaugural Christmas Train Show Mini-trains chug around botanical models of iconic landmarks like the Empire State Building. READ MORE HERE Join ST's WhatsApp Channel and get the latest news and must-reads. Read 3 articles and stand to win rewards Spin the wheel nowBritain is not properly prepared to defend itself in a war with Russia and cannot rely on the United States and Nato, a retired senior general has warned. Writing in The Independent , Sir Richard Shirreff, who served as Nato’s deputy supreme allied commander in Europe from 2011 to 2014, said another global conflict will only be prevented if there is a “band of deterrent steel from the Baltic to the Black Sea" – something he said the UK may have to be prepared to help realise without the support of Washington. His dramatic intervention comes alongside warnings from former defence secretary Ben Wallace and Labour peer Admiral Lord West that a failure to prioritise defence would be a grave error for the prime minister. Lord West’s warning follows a foreboding speech by Nato general secretary Mark Rutte who said the West is not ready to deal with the threat of war from Russia, declaring it is “time to shift to a wartime mindset and turbocharge our defence production”. Mr Rutte said: “Russia is preparing for long-term confrontation, with Ukraine and with us,” adding: “We are not ready for what is coming our way in four to five years.” There is growing concern about the strength of Donald Trump’s commitment to Nato, following repeated threats to pull out of the alliance if member states do not spend more on defence. Sir Richard warned that Britain can make “no assumptions that Trump would honour Nato’s doctrine of collective defence”, adding: “If we are to deter a third world war, Europe must step up to the mark.” A number of Nato member states do not yet meet the 2 per cent of GDP threshold for defence spending. Meanwhile, there are also concerns over the failure of Keir Starmer to specify a timescale in relation to his pledge to increase UK spending to 2.5 per cent. Sir Richard said the West will “only achieve peace for ourselves, our children and grandchildren and prevent a third world war between Nato and Russia with a band of deterrent steel from the Baltic to the Black Sea”. “This is something that we now have to be ready to do without the US lead and it means gearing up to be ready for war in every respect,” he said. Sir Richard said the UK must demonstrate “moral courage and exemplary leadership” to “make the necessary sacrifices to preserve peace by deterring war”. “We have to fight a second cold war to avoid a third world war,” he warned. “If we fail to do this the costs, in terms of blood and treasure will be appalling.” So far, he said, the new government’s approach to defence is falling far short of what is required. “While the new UK government talks of defence being the first priority, notably it did not figure in the prime minister’s recent ‘top six’ priorities,” he said. Last month, Sir Keir unveiled six milestones to measure the government’s progress – but the targets did not include defence or security. Former defence secretary Ben Wallace told The Independent that the UK has become “overdependent on the US which has limited our choices and left us vulnerable”, calling for Britain to commit to spending 3 per cent of GDP on defence. “The world is sadly getting more insecure and more anxious. Technology has enabled enemies to compete in a way that was impossible to do in the past. “Now is the time to commit to 3 per cent GDP by 2030. For Starmer to not invest in our security would be a dereliction of duty”, he warned. Lord West of Spithead, a former security adviser to Gordon Brown and a retired admiral of the Royal Navy, said Sir Keir had made a “terrible political error” in not including defence in his six milestones, saying the decision was worrying and “beyond belief”. While he expressed doubt that Mr Trump would abandon Nato, he called for European nations to spend more on defence. “There is absolutely no doubt from anyone who knows anything about the military and about defence that our forces are underfunded. “I think the fact that defence wasn’t mentioned in that list is a political error, and it’s a terrible error, full stop. It is beyond belief, really. With the world as dangerous as it is, knowing how underfunded we are, that he’s not willing to mention that as one of the priorities – I find that very worrying”, he told The Independent. Lord West added: “I don’t believe that even Trump will just suddenly pull out of Nato. But should European nations be pulling more weight in defence terms? Yes, absolutely they should.” Colonel Tim Collins, a former army officer who gave a stirring eve-of-battle speech at the start of the Iraq War, expressed concern that Labour is not taking the defence of Britain seriously enough, warning that the UK is facing a situation similar to that of the mid-1930s in the lead-up to the Second World War. While he dismissed some of Mr Trump’s remarks about Nato as rhetoric, he admitted that the UK has “very little leverage over the United States”. Speaking about the new government’s commitment to defence, he said: “I don’t think it is taken particularly seriously by Labour. To the extent that they’re threatening to pull funding from the Tempest programme.” Withdrawing from the Tempest programme, he said, would be comparable to cancelling the Spitfire programme just before the Second World War. The Tempest project, part of the Global Combat Air Programme alongside Italy and Japan, is designed to replace the ageing Eurofighter Typhoons by the mid-2030s. But its budget was slashed by 10 per cent this year. Shadow armed forces minister Mark Francois warned that Russia will not be deterred by “empty platitudes from the chancellor and the Treasury”, and called for the UK to urgently increase defence spending. “During the 1980s, at the height of the Cold War, Mrs Thatcher’s government spent around 5 per cent of GDP on defence, which helped keep the peace in Europe until the Berlin Wall fell. “With Putin’s Russia now at war in Ukraine and threatening further expansion, for instance into Nato’s Baltic states, we urgently need to increase defence spending to deter the Russians again – which we won’t do with empty platitudes from the chancellor and HM Treasury”, he said. A government spokesperson said: “This government will always do what it takes to defend this country, with threats increasing, the world becoming more volatile and technology changing the nature of warfare. “That is why the Budget increased defence spending by £2.9bn for next year and we are committed to setting a path to 2.5 per cent of GDP on defence in spring. The Strategic Defence Review is working at pace to look at the threats we face and the capabilities we need to meet the challenges, threats and opportunities of the 21st century."
American rugby sevens star Ilona Maher will join 15-a-side club Bristol in January in a bid to play in next year's women's Rugby World Cup, the English club announced on Monday. Maher, 28, helped the USA to a bronze medal at this summer's Olympic Games in Paris and is the sport's most popular player on social media. "This is a huge coup to be able to bring Ilona Maher to Bristol Bears on a short-term deal," Bristol head coach Dave Ward said. "She is one of the biggest names in women's sport, let alone rugby, and we believe she will add real value to our programme on and off the field." Last week Maher finished second on US television show "Dancing with the Stars", and she was on the cover of Sports Illustrated's swimsuit edition in July. Maher has signed a three-month deal with Bristol ahead of the World Cup, which starts in England in August. She made her 15-a-side debut for the USA in 2021. "I am excited to join the Bristol Bears and put myself in the best position to earn a spot to represent USA in the 2025 Rugby World Cup alongside such a talented and driven group as the Bears," Maher said in a club statement. Bristol's first game next month is on January 4 against local rivals and Premiership Women's Rugby champions Gloucester-Hartpury, in a repeat of last season's final. obo/iwd/mwKYIV, Ukraine — U.S. President-elect Donald Trump on Sunday called for an immediate ceasefire in Ukraine, shortly after a meeting in Paris with French and Ukrainian leaders, claiming Kyiv ‘’would like to make a deal’’ to end the more than 1,000-day war. In a post on his Truth Social platform, Trump claimed that Moscow and Kyiv have both lost hundreds of thousands of soldiers in a war that ”should never have started.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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EQUA Specialty Risk Partners , a Canadian-owned insurance brokerage, is taking on one of the cannabis industry's most pervasive challenges: stigma. Through education, advocacy and innovative risk management strategies, EQUA seeks to transform how cannabis businesses access insurance. In an exclusive conversation with Benzinga, Loretta Eldridge , EQUA's director of marketing, communications and strategic partnerships, and Matt Jardine , cannabis client executive, spoke about the company's mission to create insurance solutions without stigma. Uncovering The Impact Of Stigma On Canada’s Cannabis Operators EQUA was founded in 2020 as a specialty brokerage for complex commercial risks. Initially focusing on industries like construction and technology, the company ventured into cannabis after Eldridge, a lifelong cannabis advocate and former director of marketing at Ample Organics , joined the team. “I’m transparently a lifelong consumer, a medical patient. I am really dedicated to the cannabis community because it is my community,” Eldridge said. The shift began when Eldridge continued attending cannabis events and noticed a pressing need for insurance solutions. Business owners approached her with urgent requests for help. “It got to the point where in one of those conversations a woman I was chatting to started to get emotional. The one woman said, ‘I met you for a reason today. I need help,'” Eldridge recalled. These interactions prompted two years of in-depth research involving nearly 60 industry leaders across 20 sub-sectors . What the EQUA team found was alarming. Canadian cannabis operators faced inflated premiums, limited market capacity and policies riddled with exclusions. Jardine elaborated on the practical impacts of stigma, particularly for cultivators and processors. “You could have a neighboring risk that’s a greenhouse and they would have completely different premiums for the exact same size facilities... We have coined that the cannabis surcharge,” he noted. EQUA's Strategy: Education, Collaboration & Customized Solutions However, EQUA has taken a proactive approach to dismantle these barriers, rooted in education and collaboration. Eldridge highlighted the importance of connecting cannabis operators directly with underwriters to dismantle biases. "We invite underwriters to tour facilities, see the stringent security measures and understand the hyper-regulated nature of the industry," she explained. These efforts have led to the entry of new insurance markets, gradually alleviating stigma. Get Benzinga’s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here . If you’re serious about the business, you can’t afford to miss out. Customization lies at the heart of EQUA’s strategy. By deeply understanding each client’s unique needs, they tailor insurance packages accordingly. Jardine shared an example where EQUA reduced a client's stock coverage to align with actual inventory needs, saving thousands of dollars. "We personalize every policy, ensuring it matches the operator's specific requirements and eliminates unnecessary costs," Jardine said. U.S. Laws Limit Cannabis Insurance Access Globally Limited global insurance capacity due to U.S. federal illegality further complicates problems, leaving Canadian businesses with fewer competitive options. This limits market capacity and sustains high premiums. Eldridge described the situation as a funnel, with stigma and legal barriers narrowing options at every level. Read Also: Legal Medical Cannabis Could Save US Healthcare $29B Annually, New Study Finds She also emphasized the importance of global outreach: “We don’t have to just go to the United States, we educate and engage with underwriters wherever those underwriters are legally allowed to offer these services to Canadian businesses.” ‘Cannabis Surcharge' Also Hits Ancillary Companies And the challenges don't stop at plant-touching businesses. Eldridge pointed out that ancillary companies , such as equipment manufacturers and technology providers, also face inflated premiums simply for serving cannabis clients. EQUA's role, she explained, includes educating underwriters to separate perceived risks from actual risks and advocating for fairer practices across the supply chain. Overcoming Canada's Complex Cannabis Regulations Moreover, navigating Canada's fragmented regulatory landscape is another area where EQUA’s tailored solutions provide critical support. Each province imposes unique insurance requirements, from product recall policies to liability limits. Read Also: Canada’s Cannabis Growth Slowed Due To Federal Gov Inaction, Key Industry Leader Says Jardine noted that non-compliance can void policies, making EQUA's role in reviewing agreements and ensuring alignment indispensable for multi-province cannabis operators. EQUA's Vision For Industry Transformation When asked about their views on the future evolution of cannabis insurance, Eldridge expressed optimism. "The industry is waking up and wanting to support these companies because it's the right thing to do," she said. Jardine echoed this sentiment, predicting that increased competition and nuanced underwriting will lead to fairer premiums within the next two years. With its focus on advocacy, education and tailored solutions, EQUA is reshaping how insurance is perceived in the cannabis industry. As Eldridge put it, "We're just at the beginning of the precipice of change and we're proud to be leading the charge." Read Next: Best And Worst Performing States For Cannabis Sales In 2024: YTD Winners & Losers Image courtesy of EQUA. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NEW YORK -- Mayor Eric Adams is moving to close emergency migrant shelters in New York City and five upstate counties as the number of people arriving has dramatically dropped. Fearing the incoming Trump administration will cancel the federal lease for the Floyd Bennett Field tent complex, which houses 1,800 asylum seekers, the Adams administration is also looking for alternate sites for the families. "We are going to continue to make sure that we are protecting those that need protecting," Deputy Mayor for Health and Human Services Anne Williams-Isom said. President-elect Donald Trump's border czar says he wants to meet with Adams to discuss the migrant crisis, leading the Legal Aid Society to worry that Floyd Bennett Field could become a target of immigration raids . "The Legal Aid Society would obviously like to see the site closed and for families to be rehoused, ideally close enough to their children's schools so that they're not completely just displaced from the neighborhood," Stephanie Rudolph said. Meanwhile, the number of migrants entering New York has fallen. In the week of Nov. 18-24, 400 people entered the shelter system and 1,200 left. Compare that to January, when the city was receiving about 4,000 new asylum seekers weekly. "It's been about 20 weeks and I believe that the census has been going down. So we have been planning to close sites little by little," Williams-Isom said. In the last month, New York City has closed 11 shelters, including 1,800 rooms at places like the Americana Inn on West 38th Street in Manhattan, the Voyage Hotel in Long Island City, and the Hotel RL in Brooklyn. Randall's Island , which has about 2,000 migrants, is scheduled to close in February, which saves the city a ton of money. "We've been able to save over $2 billion. So to me, that's the real story here," Williams-Isom said. "Now we're going to continue to manage this crisis and make sure we're able to downsize." There are also plans to close upstate hotels in Albany, Dutchess, Erie, Orange and Westchester counties that currently house 900 asylum seekers. Marcia Kramer joined CBS News New York in 1990 as an investigative and political reporter. Prior to CBS2, she was the City Hall bureau chief at the New York Daily News.American rugby sevens star Ilona Maher will join 15-a-side club Bristol in January in a bid to play in next year's women's Rugby World Cup, the English club announced on Monday. Maher, 28, helped the USA to a bronze medal at this summer's Olympic Games in Paris and is the sport's most popular player on social media. "This is a huge coup to be able to bring Ilona Maher to Bristol Bears on a short-term deal," Bristol head coach Dave Ward said. "She is one of the biggest names in women's sport, let alone rugby, and we believe she will add real value to our programme on and off the field." Last week Maher finished second on US television show "Dancing with the Stars", and she was on the cover of Sports Illustrated's swimsuit edition in July. Maher has signed a three-month deal with Bristol ahead of the World Cup, which starts in England in August. She made her 15-a-side debut for the USA in 2021. "I am excited to join the Bristol Bears and put myself in the best position to earn a spot to represent USA in the 2025 Rugby World Cup alongside such a talented and driven group as the Bears," Maher said in a club statement. Bristol's first game next month is on January 4 against local rivals and Premiership Women's Rugby champions Gloucester-Hartpury, in a repeat of last season's final. obo/iwd/mw
Global Workforce Scheduling Software Market Size, Share and Forecast By Key Players-Kronos Incrporated, Ultimate Software, HotSchedules, Oracle, Nice Systems 12-08-2024 07:07 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Market Research Intellect Workforce Scheduling Software Market USA, New Jersey- According to the Market Research Intellect, the global Workforce Scheduling Software market is projected to grow at a robust compound annual growth rate (CAGR) of 9.8% from 2024 to 2031. Starting with a valuation of 12.81 Billion in 2024, the market is expected to reach approximately 22.45 Billion by 2031, driven by factors such as Workforce Scheduling Software and Workforce Scheduling Software. This significant growth underscores the expanding demand for Workforce Scheduling Software across various sectors. The workforce scheduling software market is experiencing substantial growth, driven by the increasing need for businesses to optimize workforce management, reduce labor costs, and improve operational efficiency. These software solutions help organizations efficiently allocate resources, manage shift schedules, and handle time-off requests while ensuring compliance with labor laws. The rise of remote and hybrid work models, as well as the growing gig economy, has further fueled demand for flexible scheduling tools that cater to diverse work environments. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) is enhancing workforce scheduling software, providing businesses with predictive analytics for better decision-making, resource forecasting, and real-time adjustments. As businesses across industries strive to improve employee satisfaction, reduce turnover, and maximize productivity, the workforce scheduling software market is set to continue its rapid growth in the coming years. The dynamics of the workforce scheduling software market are influenced by key trends such as technological innovation, changing workforce expectations, and the need for operational efficiency. The integration of AI, automation, and data analytics is revolutionizing workforce scheduling by enabling businesses to optimize shift planning, track attendance, and predict workforce needs in real time. With increasing focus on employee well-being and work-life balance, businesses are adopting more flexible and user-friendly scheduling tools. Cloud-based platforms are also gaining traction, offering scalability, ease of access, and integration with other business management systems. Competition in the market is intensifying as providers differentiate with features such as mobile access, real-time communication, and compliance tracking. Additionally, the growing importance of regulatory compliance and labor laws is pushing businesses to adopt advanced workforce scheduling solutions to avoid penalties and improve operational transparency. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.marketresearchintellect.com/download-sample/?rid=1829000&utm_source=OpenPr&utm_medium=047 Key Drivers: The growth of the Workforce Scheduling Software market is driven by several key factors. Technological advancements in Workforce Scheduling Software have enabled greater efficiency and enhanced capabilities, spurring adoption across industries. Additionally, the rising demand for sustainable and eco-friendly solutions is pushing companies to innovate and adopt greener practices. Expanding applications in sectors like Workforce Scheduling Software and Workforce Scheduling Software are further contributing to market demand, as these industries seek advanced solutions to streamline operations and enhance product quality. Favorable government policies and incentives in regions such as North America, Europe, and Asia-Pacific support investment and growth. Moreover, an increasing focus on Workforce Scheduling Software for improving operational efficiency and cost-effectiveness is encouraging businesses to embrace new technologies, fostering sustained market expansion. Mergers and Acquisitions Mergers and acquisitions (M&A) play a pivotal role in the Workforce Scheduling Software market, as companies look to expand their capabilities, access new technologies, and strengthen market presence. Leading players engage in strategic acquisitions to consolidate their position and gain a competitive edge. These transactions often facilitate the integration of advanced Workforce Scheduling Software solutions, helping firms broaden their product portfolios and meet growing customer demands. Additionally, M&A activities support companies in achieving economies of scale and penetrating new regional markets, particularly in high-growth areas like Asia-Pacific. Through such strategic alliances, businesses aim to accelerate innovation, enhance operational efficiency, and address evolving market challenges, ultimately driving the overall growth of the Workforce Scheduling Software market. Get a Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=1829000&utm_source=OpenPr&utm_medium=047 The following Key Segments Are Covered in Our Report By Type On-Premise Cloud-Based By Application BFSI IT and Telecommunications Government and Public Sector Retail and Consumer Goods Manufacturing Healthcare and Life Sciences Others Major companies in Workforce Scheduling Software Market are: Kronos Incrporated, Ultimate Software, HotSchedules, Oracle, Nice Systems, Verint Systems, ATOSS, Humanity.com, Reflexis Systems, Ceridian, Saviom, Zoho?, Shiftboard, WorkForce Software, Jobber, When I Work, Homebase Global Workforce Scheduling Software Market -Regional Analysis North America: North America is expected to hold a significant share of the Workforce Scheduling Software market due to advanced technological infrastructure and the presence of major market players. High demand across sectors like Workforce Scheduling Software and Workforce Scheduling Software is driving growth, with the U.S. being a key contributor. Additionally, ongoing investments in R&D and innovation reinforce the region's strong market position. Europe: Europe is projected to experience steady growth, driven by stringent regulatory standards and a rising focus on sustainability in Workforce Scheduling Software practices. Countries like Germany, France, and the UK are leading due to their advanced industrial base and supportive government policies. The demand for eco-friendly and efficient Workforce Scheduling Software solutions is expected to continue fostering market expansion. Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region, fueled by rapid industrialization and urbanization. Countries such as China, India, and Japan are driving demand due to expanding consumer bases and increasing investments in infrastructure. The region's robust manufacturing sector and favorable economic policies further enhance growth opportunities in the Workforce Scheduling Software market. Latin America: Latin America and the Middle East & Africa are expected to show moderate growth in the Workforce Scheduling Software market. In Latin America, growth is supported by rising industrial activities in countries like Brazil and Mexico. Meanwhile, in the Middle East & Africa, infrastructure development and an increasing focus on innovation in sectors like Workforce Scheduling Software are key drivers of market expansion. Middle East and Africa: The Middle East and Africa represent emerging markets in the global Workforce Scheduling Software market, with countries like UAE, Saudi Arabia, South Africa, and Nigeria showing promising growth potential. Economic diversification efforts, urbanization, and a young population are driving demand for Workforce Scheduling Software products and services in the region. Frequently Asked Questions (FAQ) 1. What is the current size of the Workforce Scheduling Software market? Answer: The Workforce Scheduling Software market was valued at approximately 12.81 Billion in 2024, with projections suggesting it will reach 22.45 Billion by 2031, growing at a CAGR of 9.8%. 2. What factors are driving the growth of the Workforce Scheduling Software market? Answer: The market's expansion is attributed to several factors, including increased demand for Workforce Scheduling Software, advancements in Workforce Scheduling Software technology, and the adoption of Workforce Scheduling Software across various sectors. 3. Which regions are expected to dominate the Workforce Scheduling Software market? Answer: Regions such as North America, Europe, and Asia-Pacific are anticipated to lead due to the presence of major industry players and growing investments in Workforce Scheduling Software. 4. Who are the key players in the Workforce Scheduling Software market? Answer: Prominent companies in the Workforce Scheduling Software market include Workforce Scheduling Software, Workforce Scheduling Software, and Workforce Scheduling Software, each contributing to market growth through innovations and strategic partnerships. 5. What challenges does the Workforce Scheduling Software market face? Answer: The market faces challenges such as Workforce Scheduling Software, regulatory compliance, and competition from alternative solutions. However, ongoing advancements aim to address these issues. 6. What are the future trends in the Workforce Scheduling Software market? Emerging trends include the integration of Workforce Scheduling Software technology, sustainability practices, and digital transformation in processes, all expected to shape the market's future. 7. How can businesses benefit from the Workforce Scheduling Software market? Answer: Businesses can leverage growth opportunities in the Workforce Scheduling Software market by adopting new solutions, enhancing operational efficiency, and expanding their offerings to meet evolving consumer demands. 8. Why invest in a Workforce Scheduling Software market report from MRI? Answer: MRI's report provides in-depth analysis, future projections, and key insights to support strategic decision-making, enabling businesses to stay competitive and capitalize on growth trends in the Workforce Scheduling Software market. 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WASHINGTON — Sen. Bernie Sanders announced he’d be bringing his brand of populism to the powerful Senate Finance Committee next year, with a wide remit over tax, trade, Social Security, social safety net programs and health care policy. But no final decisions have been made, despite the Vermont independent’s assertion late Friday that he’ll be joining Finance in the new Congress. The panel will have several openings next Congress on the Democratic side of the dais, thanks to retirements, two reelection defeats and a resignation. Sanders, a self-described democratic socialist, would bolster the voices of progressives of the panel, who are set to lose Sen. Sherrod Brown, D-Ohio, following his defeat in November. “As a member of that committee, I will prioritize protecting Social Security, Medicare, and Medicaid from Republican attacks, and creating a fair tax system that finally forces the very wealthy to pay their fair share,” Sanders said in a statement. CQ Roll Call was first to report on his interest in the committee in July. He will also retain his position as the top Democratic caucus member on the Health, Education, Labor, and Pensions Committee, Sanders said. But shortly after Sanders’ release went out, a spokesperson for Senate Majority Leader Charles E. Schumer issued a clarifying statement: “No decisions about committee rosters have been made.” Senate Democrats’ steering committee makes recommendations to the full caucus on committee assignments, which then have to be approved by a majority vote of the caucus. There’s no indication that process has occurred yet, though given seniority rules it’s starting to become clear which Democrats might land where. Sanders clearly has the seniority to take one of the soon-to-be-open seats on Finance. But his statement may have irked party leaders, coming before any decisions have been finalized. Sanders aides didn’t immediately respond to a request for comment on the statement from Schumer’s office. Other Democrats interested in joining the panel include Sens. Cory Booker of New Jersey, Tina Smith of Minnesota and Raphael Warnock of Georgia. Sanders was the most senior of Democratic caucus members who have publicly shared their interest in joining the committee, and he’s definitely among the most progressive, if not the most. Sanders has introduced at least 11 bills this Congress that were referred to the Finance Committee, with many aimed at raising taxes on the wealthy and corporations. One measure would impose a windfall profits tax of up to 95% on some of the biggest companies, including Chevron Corp., Amazon.com Inc., JPMorgan Chase & Co. and Warren Buffett’s holding company Berkshire Hathaway Inc. Democrats are unlikely to have much influence over next year’s massive tax overhaul, as Republicans are pursuing budget reconciliation, side-stepping the need for Democratic votes in the Senate, but a seat on Finance remains coveted nonetheless. ©2024 CQ-Roll Call, Inc., All Rights Reserved. Visit cqrollcall.com. Distributed by Tribune Content Agency, LLC.The ( ) share price has had a tough 2024 and looked too cheap to me to resist. So I bought the oil and gas giant in September and November at what I thought was a bargain valuation of less than six times earnings. I’m down 7.7% so far but given that I aim to hold the stock , these are early days. Long-term BP investors will have had it tougher, with the shares down 18.93% over 12 months. The trailing yield of 5.95% will only partially offset that loss. The obvious culprit is the oil price, with Brent crude falling 6.36% in 2024 to $71.04 a barrel. Can this FTSE 100 stock rally hard next year? BP is more than just an oil producer, but its shares still correlate closely with energy prices. We saw that during the 2022 energy shock when they rocketed. Where oil goes next is anyone’s guess. There are so many variables at play. US President-elect Donald Trump has pledged to ramp up shale production next year. By boosting supply, Trump could drive the price lower. Although if he gets the US economy motoring again, this could drive up demand. But a trade war could drive it back down. Trump has pledged to bring peace to Ukraine. If he manages that, Russian oil and gas could flow into Europe again, driving down prices. But what if he doesn’t? Then there’s Saudi Arabia. In September, there were rumours that it would open the spigots to recover lost market share, driving prices even lower. Yet last week, OPEC+ delayed the beginning of its production increase and slowed the pace of the output hikes. I’ve just read on that natural gas prices are set to surge this winter . And I haven’t even mentioned the green transition. Will the shift to renewables smash fossil fuel prices? Or will falling oil and gas prices smash renewables? That’s a biggie for BP in particular, as it rows back on its ‘Beyond Petroleum’ strategy, and returns to familiar fossils territory. It’s all too much for my little brain. So what do the experts say? On Friday (6 December), predicted Brent crude would average $70 a barrel in the second half of 2025. If correct, that won’t light a fire under the BP share price. Yet the 26 analysts who offer one-year share price forecasts are optimistic. They’ve set a median target of 505.8p, up 34.25% from today. That seems optimistic but I hope they’re right. Of these, 11 call it a Strong Buy, four name it a Buy while 14 say Hold. Only one says Sell. I can justify my decision to purchase BP . I didn’t hold any energy stocks. Plus its shares were dirt cheap. And the dividend is high and rising. Next year it’s forecast to hit 6.3%, covered exactly twice by earnings. Personally, I don’t know where BP shares will go in 2025. Nobody does. But given the low valuation and high yield, I’m happy to go along for the ride.
Games on a college basketball schedule don't contrast much more than the two NC State has this week. The Wolfpack (6-3) host Coppin State (0-10) on Tuesday in Raleigh, N.C., then hit the road to challenge No. 10 Kansas on Saturday. NC State enters its unusual week after snapping a three-game skid with an 84-74 overtime win at home Saturday against Florida State in its Atlantic Coast Conference opener. Transfers Marcus Hill and Dontrez Styles each had their season high, scoring 23 and 21 points, respectively. They scored 13 of NC State's 14 points in overtime. "Dontrez Styles was tremendous," Wolfpack coach Kevin Keatts said. "In the second half, he made play after play." Hill, who was the top scorer last year at Bowling Green (20.5 points per game), and Styles, who was the second-leading scorer last year at Georgetown (12.8 ppg), combined to hit 14 of 25 shots and pull down 11 rebounds. The win followed defeats to then-No. 13 Purdue and BYU, both by double-digit margins, in the Rady Children's Invitational and a 63-59 loss to Texas in the SEC/ACC Challenge. "The little things that impact the game are defending, making free throws and blocking out," Keatts said. "We handled that much better than we did against Texas." Coppin State arrives in Raleigh on a 23-game losing streak dating to January -- the longest current run of futility in Division I. Each of the Eagles' losses this season have come by double-digit margins, though they have been more competitive lately, falling to Baltimore rival Loyola (Md.) 68-57 and at Wagner 65-52 last week. Julius Ellerbe III has been one of Coppin's most reliable players lately, scoring a combined 20 points in the last two games. He had 16 points and 12 rebounds in a loss to George Mason last month. Teammate Peter Oduro recorded a double-double, with 16 points and 10 rebounds, in last month's loss at Saint Joseph's. "These things take time," Coppin State second-year coach Larry Stewart said. "It takes time to establish your culture. It takes time to get the right players in your system." --Field Level Media
DENVER--(BUSINESS WIRE)--Dec 13, 2024-- The Western Union Company (NYSE: WU) announced today that its Board of Directors approved a new $1 billion authorization for the Company to repurchase its common stock and declared a quarterly cash dividend of $0.235 per common share. The dividend will be payable December 31, 2024, to stockholders of record at the close of business on December 23, 2024. “We remain committed to returning capital to our shareholders with our disciplined approach focused on driving long-term shareholder value through both dividends and stock repurchases and today’s announcements allows us the flexibility to continue to do that,” said Devin McGranahan, President and Chief Executive Officer. Repurchases may be made at management’s discretion through open-market transactions, privately negotiated transactions, tender offers, Rule 10b5-1 plans, or by other means. The amount and timing of any repurchases made under the share repurchase program will depend on a variety of factors, including market conditions, share price, legal requirements, and other factors. The program does not have a set expiration date and may be suspended, modified, or discontinued at any time without prior notice. Safe Harbor Compliance Statement for Forward-Looking Statements This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section and throughout the Annual Report on Form 10-K for the year ended December 31, 2023. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement. Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-looking statements include the following: (i) events related to our business and industry, such as: changes in general economic conditions and economic conditions in the regions and industries in which we operate, including global economic downturns and trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate, including downturns or declines related to interruptions in migration patterns or other events, such as public health emergencies, epidemics, or pandemics, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to price or customer experience, with global and niche or corridor money transfer providers, banks and other money transfer and payment service providers, including digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies and related exchanges and protocols, and other innovations in technology and business models; geopolitical tensions, political conditions and related actions, including trade restrictions and government sanctions, which may adversely affect our business and economic conditions as a whole, including interruptions of United States or other government relations with countries in which we have or are implementing significant business relationships with agents, clients, or other partners; deterioration in customer confidence in our business, or in money transfer and payment service providers generally; failure to maintain our agent network and business relationships under terms consistent with or more advantageous to us than those currently in place; our ability to adopt new technology and develop and gain market acceptance of new and enhanced services in response to changing industry and consumer needs or trends; mergers, acquisitions, and the integration of acquired businesses and technologies into our Company, divestitures, and the failure to realize anticipated financial benefits from these transactions, and events requiring us to write down our goodwill; decisions to change our business mix; changes in, and failure to manage effectively, exposure to foreign exchange rates, including the impact of the regulation of foreign exchange spreads on money transfers; changes in tax laws, or their interpretation, any subsequent regulation, and unfavorable resolution of tax contingencies; any material breach of security, including cybersecurity, or safeguards of or interruptions in any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives, which may include decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in our workforce that may result from those initiatives; our ability to attract and retain qualified key employees and to manage our workforce successfully; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our trademarks, patents, copyrights, and other intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; (ii) events related to our regulatory and litigation environment, such as: liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof, including laws and regulations designed to protect consumers, or detect and prevent money laundering, terrorist financing, fraud, and other illicit activity; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and standards, including changes in interpretations, in the United States and abroad, affecting us, our agents or their subagents, or the banks with which we or our agents maintain bank accounts needed to provide our services, including related to anti-money laundering regulations, anti-fraud measures, our licensing arrangements, customer due diligence, agent and subagent due diligence, registration and monitoring requirements, consumer protection requirements, remittances, immigration, and sustainability reporting including climate-related reporting; liabilities, increased costs or loss of business and unanticipated developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by regulators and other government authorities; liabilities resulting from litigation, including class-action lawsuits and similar matters, and regulatory enforcement actions, including costs, expenses, settlements, and judgments; failure to comply with regulations and evolving industry standards regarding consumer privacy, data use, the transfer of personal data between jurisdictions, and information security, failure to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as regulations issued pursuant to it and the actions of the Consumer Financial Protection Bureau and similar legislation and regulations enacted by other governmental authorities in the United States and abroad related to consumer protection; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to maintain sufficient amounts or types of regulatory capital or other restrictions on the use of our working capital to meet the changing requirements of our regulators worldwide; changes in accounting standards, rules and interpretations, or industry standards affecting our business; and (iii) other events, such as catastrophic events and management’s ability to identify and manage these and other risks. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com . WU-G View source version on businesswire.com : https://www.businesswire.com/news/home/20241213394701/en/ CONTACT: Media Relations: Brad Jones media@westernunion.comInvestor Relations: Tom Hadley WesternUnion.IR@westernunion.com KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PERSONAL FINANCE PAYMENTS FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY FINTECH SOURCE: The Western Union Company Copyright Business Wire 2024. PUB: 12/13/2024 04:05 PM/DISC: 12/13/2024 04:04 PM http://www.businesswire.com/news/home/20241213394701/enCHARLOTTE, N.C.--(BUSINESS WIRE)--Dec 13, 2024-- Krispy Kreme, Inc. (NASDAQ:DNUT) (“Krispy Kreme” or the “Company”), today announced a quarterly cash dividend of $0.035 per share of common stock, in accordance with the Company’s dividend policy. The dividend was declared today, December 13, 2024, and will be paid on February 5, 2025 to shareholders of record on January 22, 2025. About Krispy Kreme, Inc. Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed ® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. Krispy Kreme operates in 40 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing digital business with more than 15,500 fresh points of access. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities, and the planet. Connect with Krispy Kreme Doughnuts at www.KrispyKreme.com and follow us on social: X , Instagram and Facebook . View source version on businesswire.com : https://www.businesswire.com/news/home/20241211058746/en/ CONTACT: Investor Relations IR@krispykreme.comFinancial Media Edelman Smithfield for Krispy Kreme, Inc. KrispyKremeIR@edelman.com KEYWORD: NORTH CAROLINA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE ORGANIC FOOD SOURCE: Krispy Kreme, Inc. Copyright Business Wire 2024. PUB: 12/13/2024 04:30 PM/DISC: 12/13/2024 04:30 PM http://www.businesswire.com/news/home/20241211058746/en