Holly Valance’s property tycoon husband Nick Candy to become Reform UK’s treasurerNoneThe history of bath seen as political mobility
NoneAuto parts supplier, Robert Bosch, announced that it will cut down the working hours for nearly 10,000 employees in Germany. The largest car parts supplier in the world said that this will also mean a reduction in pay for these employees. This announcement comes after the firm on Friday said that it would slash jobs for up to 5,550 individuals and also reduce the working hours for 450 employees, reported Reuters. This update reflects the slowdown in the German auto sector which has impacted big names such as Volkswagen and Mercedes. The current condition of the German auto industry can be attributed to weak demand and intense competition from Chinese rivals which have managed to market cheaper vehicles. A spokesperson for the firm on Saturday said that staff typically work on 38 or 40 hour contracts at sites around Germany and these employees will now see a reduction in their working hours to 35 hours. Also Read : Markets Ahead: Global Economic Data, Maharashtra And Jharkhand Election Results To Influence Investors The company earlier informed that the layoffs will impact 5,500 individuals in the next few years as the auto industry tries to navigate headwinds. The company explained that stagnant sales at the global level and factory capacity exceeding sales prospects impacted the industry significantly. Notably, nearly 3,500 of the planned job cuts will be completed before 2027. These layoffs will affect workers in the advanced driver assistance and automated driving technologies department. About half of the reductions in the workforce will impact workers across Germany. "The auto industry has significant overcapacities. In addition, the market for future technologies is not developing as originally expected ... At the moment, many projects in this business area are being put off or abandoned by automakers," the company said in an official statement earlier. However, the layoffs are still in the early stages and final numbers will be agreed upon with after discussion with employee representatives, the firm said.
Women's soccer: Emory ousts Loras in NCAA tourney Sweet 16
MINNEAPOLIS — President-elect Donald Trump said he plans to reverse President Biden's 20-year moratorium on new mining in Minnesota's Boundary Waters Canoe Area Wilderness on his first day in office. While environmentalists are calling Trump's policies "a worst-case scenario," mining supporters say this is their biggest opportunity to expand mining in northern Minnesota. In St. Cloud in July , then-candidate Trump made it clear his plans for mining in the state. "We will end that ban in about, what do you think, about 10 minutes? I would say 10 to 15 minutes, right Pete?" Trump said. "And tonight I pledge to Minnesota miners that when I'm re-elected I will reverse the Biden-Harris attack on your way of life." The "Pete" Trump called out is Minnesota Republican Congressman Pete Stauber , who for years has been introducing legislation to expand mining. Those bills have gone nowhere, but Stauber says 2025 — with the GOP trifecta — will be different. "Look at the union jobs that will come out of it, look at the environmental and labor standards that will be attached to all legislation, look at the strategic national security interests that are part of this. This is a win, win, win," Stauber told WCCO's Esme Murphy. He says there will be immediate change. "There's going to be a change in attitude, there's going to be a change in investments, there's going to be a change in our thought process," Stauber said. "We are going to mine those critical minerals in the Duluth complex, Esme. It's the biggest untapped copper-nickel find in the world." Stauber passionately disagrees that more mining will compromise the environment. "We're going to do it right. We're going to follow the current laws, the environmental and labor standards," he said. "There will be no shortcuts." While Stauber calls the expansion a "win, win, win," environmental groups are calling it a "lose, lose, lose" — with capital Ls. The executive director of the Friends of the Boundary Waters says this is a worst-case scenario right now, with pro-mining forces acquiring the power to actually get their agenda done. Democratic politicians have called this out, warning that the environmental risk is overwhelming. They say they will fight this, but privately, many acknowledge the 2024 election changed everything. And after years of blocking these projects, they have very few options due to the GOP trifecta. Stauber says this is the No. 1 issue he hears about from constituents. The Iron Range, formerly a Democratic stronghold, is now Republican — and largely because of this issue. The expansion of mining may have a lot of critics, but for Minnesotans, this is about jobs. Opponents have successfully used the courts for years, but that is changing, too. In his first term as president, Trump appointed several judges who would likely support mining rights, and he created a conservative supermajority on the U.S. Supreme Court. Esme Murphy, a reporter and Sunday morning anchor for WCCO-TV, has been a member of the WCCO-TV staff since December 1990. She is also a weekend talk show host on WCCO Radio. Born and raised in New York City, Esme ventured into reporting after graduating from Harvard University.BREAKING: Rich Rodriguez Set To Return To West VirginiaMillicom (Tigo) updates on Interim Dividend and intended SDR delisting from Nasdaq Stockholm Luxembourg, December 11, 2024 – Millicom International Cellular S.A. (“Millicom” or the “Company”), today announced further details regarding the payment of the Interim Dividend and the intended delisting of SDRs from Nasdaq Stockholm, including removal as from January 13, 2025 of certain fees for conversions of SDRs to Millicom U.S. Shares traded at Nasdaq U.S.. Update on dates relating to the Interim Dividend As announced on November 29, 2024, Millicom’s Board of Directors (the “Board”) approved the distribution of an interim dividend payment of $1.00 per share (the “Interim Dividend”) to be paid on January 10, 2025 (“Payment Date”). Other important dates relating to the Interim Dividend are as follows: Record date . The Interim Dividend will be paid to (i) shareholders who are registered in the U.S. with Broadridge Corporate Issuer Solutions, Inc., and (ii) SDR holders who are registered in Sweden with Euroclear Sweden AB, on January 3, 2025 at 23.59 CET (the “Interim Dividend Record Date”). Conversion Stoppage . Conversions from SDRs into common shares traded on the Nasdaq U.S. (“Millicom U.S. Shares”) and vice versa will not be permitted from December 23, 2024, up to and including January 3, 2025. Ex-Dividend Date . The ex-dividend date is January 2, 2025 for SDRs, and January 3, 2025 for Millicom U.S. Shares. Any Millicom U.S. Shares and SDRs that are acquired on or after these dates will not be eligible to receive the Interim Dividend. Currency. Holders of Millicom U.S. Shares registered with Broadridge will receive their Interim Dividend payment in USD. SDR holders will receive their Interim Dividend payment in SEK. Millicom shall arrange for the conversion of the Interim Dividend from USD to SEK. Such currency conversions shall be made at the official SEK to USD exchange rate published by the Riksbank (Sweden’s central bank) on January 3, 2025, at 4.15 pm CET. Payment Date. The Interim Dividend will be paid on January 10, 2025. Holders of SDRs will be paid by electronic transfer to bank accounts linked to their securities accounts. Holders of Millcom U.S. shares will be paid in accordance with the applicable procedures of Broadridge and the Depository Trust Company (“DTC”). SDR holders that wish to receive the payment of the Interim Dividend in USD must previously convert their SDRs to Millicom U.S. Shares by sumitting valid and complete conversion instructions to Skandinaviska Enskilda Banken AB (“SEB”) by December 20, 2024 at 3.00 pm CET. For information on certain tax aspects in relation to the Interim Dividend, see the press release announced on November 29, 2024 and additional information available on the “Nasdaq Stockholm Delisting & Interim Dividend” section of the Millicom website: https://www.millicom.com/investors/Nasdaq_Stockholm_Delisting_and_Interim_Dividend . Further details regarding the delisting from Nasdaq Stockholm and related conversion process As announced on November 29, 2024, Millicom plans to maintain the current listing of its common shares on Nasdaq U.S. under the ticker symbol “TIGO” and to apply to delist the Company's SDR from Nasdaq Stockholm. The application for delisting will be submitted to Nasdaq Stockholm no earlier than March 3, 2025. Upon approval, Nasdaq Stockholm will set the last day of trading (the “Delisting Effective Date”) for the SDRs, which is currently expected to be March 17, 2025 at the earliest. The delisting will result in the SDR program being terminated. As a result, to remain as shareholders of Millicom, SDR holders must convert 1 their SDRs into Millicom U.S. Shares prior to the Delisting Effective Date. Millicom will, in due course, provide further information regarding such conversions of SDRs into Millicom U.S. Shares, as well as make such information available on the “Nasdaq Stockholm Delisting & Interim Dividend” section of the Millicom’s webpage: https://www.millicom.com/investors/Nasdaq_Stockholm_Delisting_and_Interim_Dividend Such information is as far as currently possible summarized below. Eligible account . In order to withdraw and hold the Millicom U.S. Shares underlying the SDRs (to which we refer for convenience as the “conversion” of SDRs into Millicom U.S. Shares), SDR holders must have an account eligible to hold U.S. shares. To start this process, the SDR holders must contact their bank/broker to obtain an eligible account and receive the Millicom U.S. Shares. If the SDRs are nominee registered ( Sw. förvaltarregistrerade ), the bank/broker should tell the SDR holder what actions the holder need to take in order to convert SDRs to U.S. Shares. Directly registered SDR-holders will, if they do not already have an eligible account with their bank/broker, be required to open a custody account, an investment savings account ( Sw. investeringssparkonto ), or an endowment insurance ( Sw. kapitalförsäkring ), and transfer their SDRs to such account, in order to be able to complete the conversion into Millicom U.S. Shares. There are several Swedish banks, stockbrokers or online brokers that offer custody accounts, investment savings accounts or endowment insurance at no cost. Tranches. From January 20, 2025, conversions will be carried out in eight weekly tranches (the “Conversion Tranches”). The first Conversion Tranche will start on Monday January 20, 2025. Subsequent Conversion Tranches will start each consecutive Monday (i.e., January 27, February 3, February 10, February 17, February 24, March 3, and March 10, 2025). The last Conversion Tranche will only be available if the Delisting Effective Date is on or after March 17, 2025. Should Nasdaq Stockholm decide on a Delisting Effective Date that is later than March 17, 2025, further tranches may be added. In order to be included in a Conversion Tranche, SEB must have received a valid and complete conversion instruction by 3.00 pm CET on the applicable start date of the Conversion Tranche chosen by the SDR holder. For example, if SDR holders wish to convert their SDRs during the first Conversion Tranche, then their bank/broker should send instructions during the week starting on Monday, January 13, 2025, and no later than 3.00 pm CET on Monday January 20, 2025. If an SDR holder misses this deadline, the conversion will be processed in the next available Conversion Tranche. Millicom U.S. Shares will be delivered to the eligible account three to four trading days after the start of each Conversion Tranche. Fees . Millicom will cover the conversion fees charged by SEB and Broadridge for processing the Conversion Tranches. Note that SDR holders may still have to pay fees charged by their banks or brokers, which are outside of Millicom’s control and will not be covered by Millicom. SDR holders that wish to convert their SDRs into Millicom U.S. Shares before the first Conversion Tranche may do so by paying a fee to SEB and Broadbridge (in addition to any other applicable fee charged by the SDR Holder’s bank or broker) as per the procedures described on Millicom’s website 2022-10-17-millicom-sdr-conversion-process-2022-final.pdf . If an SDR-holder has not already converted its SDRs into Millicom U.S. Shares upon the Delisting Effective Date, then SEB shall transfer the underlying Millicom U.S. Shares to the SDR-holder. SEB is only obligated and able to make such transfer if the SDR holder’s bank/broker has given SEB a transfer instruction that makes it possible for SEB to do so. Otherwise, SEB is entitled, and intends, to sell the underlying Millicom U.S. Shares and distribute the sale proceeds to the SDR-holder (with the deduction of reasonable costs, fees and taxes) pursuant to Section 17 of the SDR terms and conditions available in the Stock Information section of the website: https://ww2-cdn.tigocloud.net/Millicom_General_Terms_and_Conditions_SDR_Consolidated_2022_02a125e16d.pdf Such sale shall take place as soon as practicable after the termination of the SDR-program and the delisting of the SDRs from Nasdaq Stockholm. The payment of the proceeds from the sale will be paid pro rata to the previous holders of such SDRs in SEK after exchanging from USD. Regulatory Statement This information was submitted for publication, through the agency of the contact person set out above, at 22:40 CET on December 11, 2024. For further information, please contact: About Millicom Millicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of fixed and mobile telecommunications services in Latin America. Through our TIGO® and Tigo Business® brands, we provide a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of September 30, 2024, Millicom, including its Honduras Joint Venture, employed approximately 15,000 people, and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. Forward-Looking Statements Statements included herein that are not historical facts, including without limitation statements concerning the payment of the Interim Dividend and the timing of such payment, the submission of an application to Nasdaq Stockholm to delist the SDRs, the timing of the Delisting Effective Date, the ability to withdraw the Common Shares underlying the SDRs and the timing of the Conversion Tranches, are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or uncertainties materialize, Millicom’s results and its ability to pay the Interim Dividend or consummate the delisting of the SDRs could be materially adversely affected. A list and description of such risks, uncertainties and other matters can be found under the heading “Risk Factors” in Millicom’s Annual Report on Form 20-F for the year ended December 31, 2023, which is available on the website of the U.S. Securities and Exchange Commission at www.sec.gov . All forward-looking statements attributable to Millicom or any person acting on its behalf are expressly qualified in their entirety by this cautionary statement. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Except to the extent otherwise required by applicable law, Millicom does not undertake any obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. 1 i.e., withdraw the common shares underlying their SDRs, which we refer for convenience as the “conversion” of SDRs into Millicom U.S. Shares, pursuant to the SDR terms and conditions available in the Stock Information section of the website: https://ww2-cdn.tigocloud.net/Millicom_General_Terms_and_Conditions_SDR_Consolidated_2022_02a125e16d.pdf
Maria College launches new Bachelor’s degree and minor in public health
The widening rift between the two most powerful political families in the Philippines became public after the Southeast Asian nation's Vice President Sara Duterte said that she would have President Ferdinand Marcos Jr assassinated if she were to be killed. Mr Duterte is the daughter of former president Rodrigo Duterte. Now, the law and order authorities in the Philippines are "investigating" the threats made by their Vice President, and Ms Duterte could be prosecuted if evidence is found supporting her claim. "Duterte's threats are now under investigation and may lead to charges," the Presidential Communications Office said, citing the justice ministry. "If the evidence warrants, this could lead to eventual prosecution," Mr Marcos' office said in a statement. The Philippines' security council has also taken cognisance matter and is "verifying" the alleged assassination threat. National Security Adviser Eduardo Ano said the government considers all threats to the president as "serious", vowing to closely work with law enforcement and intelligence communities to investigate the threat and possible perpetrators. "Any and all threats against the life of the president shall be validated and considered a matter of national security," Mr Ano said in a statement. VP's Threat & Response Addressing a press conference on Saturday morning, Ms Duterte said, "I have spoken to someone. I told them, if I am killed, go and kill BBM [Marcos], [First Lady] Liza Araneta, and [Speaker] Martin Romualdez. No joke. No joke." "I said, do not stop until they are dead, and the person agreed," said added, as quoted by news agency Reuters. Duterte's threat stemmed from an order by lawmakers to transfer her chief-of-staff to jail for allegedly impeding its probe over the vice president's alleged misuse of public funds. In response to Duterte's threat, Marcos' presidential security command said it had tightened its protocols in guarding the Philippine leader and the national police chief had ordered an investigation. Sara Duterte, the daughter of former President Rodrigo Duterte, and Mr Marcos were once political partners who won an overwhelming mandate to lead the nation's top two offices in 2022. The alliance crumbled this year over policy differences, including foreign policy and the elder Duterte's deadly war on drugs. Marcos' congressional allies are separately investigating Rodrigo Duterte's campaign which led to more than 6,000 killed in anti-drug operations and alleged corruption over Sara Duterte's use of public funds during her tenure as education secretary. Both have denied wrongdoing. Ms Duterte resigned from the Marcos cabinet in June while remaining vice president, signalling the collapse of a formidable political alliance that helped her and Mr Marcos, son and namesake of the late authoritarian leader, to secure their 2022 electoral victories by wide margins. Following this, Speaker Romualdez, a cousin of Mr Marcos, slashed the vice presidential office's budget by nearly two-thirds. Ms Duterte's outburst is the latest in a series of startling signs of the feud at the top of Philippine politics. In October, she accused Mr Marcos of incompetence and said she had imagined cutting the president's head off. In the Philippines, the vice president is elected separately from the president and has no official duties. Many vice presidents have pursued social development activities, while some have been appointed to cabinet posts. The country is gearing up for mid-term elections in May, seen as a litmus test of Mr Marcos' popularity and a chance for him to consolidate power and groom a successor before his single six-year term ends in 2028. Track Latest News Live on NDTV.com and get news updates from India and around the world
Millicom (Tigo) updates on Interim Dividend and intended SDR delisting from Nasdaq Stockholm2 Key Congressional Races Still Uncalled in CaliforniaMatt Gaetz says he won’t return to Congress next year after withdrawing name for attorney general
By MARY CLARE JALONICK and MATT BROWN WASHINGTON (AP) — Pete Hegseth, President-elect Donald Trump’s nominee to lead the Defense Department, said he had a “wonderful conversation” with Maine Sen. Susan Collins on Wednesday as he pushed to win enough votes for confirmation. He said he will not back down after allegations of excessive drinking and sexual misconduct. Related Articles National Politics | Donald Trump will ring the New York Stock Exchange bell. It’ll be a first for him National Politics | The Trump and Biden teams insist they’re working hand in glove on foreign crises National Politics | ‘You don’t know what’s next.’ International students scramble ahead of Trump inauguration National Politics | Trump is threatening to raise tariffs again. Here’s how China plans to fight back National Politics | Trump won’t be able to save the struggling US beef industry Collins said after the hourlong meeting that she questioned Hegseth about the allegations amid reports of drinking and the revelation that he made a settlement payment after being accused of a sexual assault that he denies. She said she had a “good, substantive” discussion with Hegseth and “covered a wide range of topics,” including sexual assault in the military, Ukraine and NATO. But she said she would wait until a hearing, and notably a background check, to make a decision. “I asked virtually every question under the sun,” Collins told reporters as she left her office after the meeting. “I pressed him both on his position on military issues as well as the allegations against him, so I don’t think there was anything that we did not cover.” The meeting with Collins was closely watched as she is seen as more likely than most of her Republican Senate colleagues to vote against some of Trump’s Cabinet picks. She and Alaska Sen. Lisa Murkowski, a fellow moderate Republican, did not shy from opposing Trump in his first term when they wanted to do so and sometimes supported President Joe Biden’s nominees for the judicial and executive branches. And Hegseth, an infantry combat veteran and former “Fox & Friends” weekend host, is working to gain as many votes as he can as some senators have expressed concerns about his personal history and lack of management experience. “I’m certainly not going to assume anything about where the senator stands,” Hegseth said as he left Collins’ office. “This is a process that we respect and appreciate. And we hope, in time, overall, when we get through that committee and to the floor that we can earn her support.” Hegseth met with Murkowski on Tuesday. He has also been meeting repeatedly with Iowa Sen. Joni Ernst, a military veteran who has said she is a survivor of sexual assault and has spent time in the Senate working on improving how attacks are reported and prosecuted within the ranks. On Monday, Ernst said after a meeting with him that he had committed to selecting a senior official to prioritize those goals. Republicans will have a 53-49 majority next year, meaning Trump cannot lose more than three votes on any of his nominees. It is so far unclear whether Hegseth will have enough support, but Trump has stepped up his pressure on senators in the last week. “Pete is a WINNER, and there is nothing that can be done to change that!!!” Trump posted on his social media platform last week.TOKYO : A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven's parent company prompted a $58 billion takeover offer from the Ito dynasty that built the retail giant. Seven & i Holdings Vice President Junro Ito swooped in last month with an offer to take private the company founded by his late father in what would be the largest ever management buyout (MBO). Ito's "white knight" bid appears designed to keep Seven & i away from Canada's Alimentation Couche-Tard, which announced a takeover proposal in August. The Circle K owner raised its bid for Seven & i by about 22 per cent to $47 billion in October after its initial offer was rejected. The scramble for Seven & i gives a taste of how deals are likely to develop in the years to come, industry experts say, as changes in Japan Inc's corporate governance standards make delisting an increasingly compelling option. A few years ago, companies could ignore unsolicited offers because they were protected by cross shareholdings - the practice of holding stakes in business partners to cement relationships. But those holdings are now being sold off under a government push for better governance. Companies have also been told they should give serious consideration to credible buyout offers. "Managers can no longer ignore shareholders as they could in the past. Cross shareholdings are being unwound all the time," said Travis Lundy of Quiddity Advisors who publishes on the Smartkarma platform. "MBOs are going to be more common," Lundy said, adding the government's guidelines on giving consideration to buyout offers were "a game changer". ALL IN THE FAMILY Last year, Japanese deals where management took stakes, including MBOs, totalled $7.1 billion, the most in at least 36 years, LSEG data showed. The value has fallen from that peak this year, but remains at $1.7 billion. Among recent deals, educational publisher and nursing home operator Benesse Holdings was taken private in an MBO by the founding Fukutake family and Swedish private equity firm EQT. Drugmaker Taisho Pharmaceutical was bought out by a member of its founding Uehara family. MBOs are becoming an attractive option because the governance overhaul has created bigger burdens for listed firms, while being a public company no longer confers the status it once did, said Ulrike Schaede, a professor of Japanese business at the University of California San Diego. Schaede gives the example of Germany, where MBOs have become a "new defence" against shareholder activism, adding that Japan could start to see a similar trend, especially given private equity's appetite for deals in the country. Japan is hardly the only place where founding families hold stakes and sway after the founder dies - and Seven & i not the only global retailer in that position. The family of Walmart founder Sam Walton holds 45.5 per cent of the U.S. retailer, while the largest shareholders of Sweden's H&M are Stefan Persson, son of the founder, and his family. SMALL STAKES But Japan stands out because families are able to wield considerable power despite holding small stakes. Ito-Kogyo, the company tied to Junro Ito that is bidding for Seven & i, holds only about 8.2 per cent of the retailer. Historically, family control of businesses in Japan has been "more persistent than the very low equity ownership by founding families would indicate", researchers from the University of Copenhagen, the University of Alberta School of Business and elsewhere wrote in a 2021 Journal of Financial Economics paper. Some 10 per cent to 30 per cent of listed Japanese companies from the 1960s to 2010 were managed by founding family heirs with "little ownership to report", Morten Bennedsen, Vikas Mehrotra and their co-authors found. They pointed to examples such as the Toyoda family at Toyota Motor Corp, the Suzukis of Suzuki Motor Corp and the Kashios at Casio Computer. Such families were able to retain control via what the researchers called "soft family assets", including their name and reputation. "We certainly expect that the trend is continuing, there is no sign it is changing," Bennedsen told Reuters. One Seven & i investor recalled attending a meeting with company executives including Junro Ito, who sat silent throughout. The extent to which the Ito family wielded influence and power within the company was "something of a mystery", said the investor, who asked not to be named due to company policy. A Seven & i spokesperson declined to comment. At many companies the founder's legacy still looms large. In recent years Seven & i resisted calls from foreign investors to hive off its Ito-Yokado supermarkets' business out of respect for founder Masatoshi Ito's vision, according to veteran Japan retail analyst Michael Causton. "The Ito legacy, as in many Japanese companies with a charismatic founder, is an unwritten red line in the company known to all executives," Causton said, adding that amounted to preserving Seven & i as a conglomerate spanning supermarkets, general merchandise and convenience stores. It remains to be seen whether the Ito family will manage to raise the funds needed for the deal - although it appears that domestic banks are lining up with them. What is clear is that more such deals are likely to happen, something investors welcome. "If the founding families in Japan really want to control and influence their companies, then they shouldn't be listed and instead taken private," the Seven & i investor said.NoneMongoDB, Inc. Announces Third Quarter Fiscal 2025 Financial Results