Countries agreed on Sunday to an annual finance target of $300 billion to help poorer countries deal with the impacts of climate change, with rich countries leading the payments, according to a hard fought deal clinched at the COP29 conference in Baku. The new goal is intended to replace developed countries' previous commitment to provide $100 billion per year in climate finance for poorer nations by 2020. That goal was met two years late, in 2022, and expires in 2025. Countries also agreed Saturday evening on rules for a global market to buy and sell carbon credits that proponents say could mobilise billions more dollars into new projects to help fight global warming, from reforestation to deployment of clean energy technologies.The Dow Jones Industrial Average is the oldest stock market index in the U.S. It is a price-weighted index that tracks the performance of 30 of the largest publicly traded companies in the country. Its member companies span a variety of sectors and industries, and it is considered by many to be a reliable indicator of stock market performance and the health of the overall economy. There are only a few broad criteria for a company's inclusion: Be incorporated and headquartered in the U.S. Have the largest percentage of revenue derived from the U.S. Be a member of the S&P 500 . Be a non-transportation or non-utility company. Because it's price-weighted, the highest-priced stock should be no more than 10 times that of the lowest-priced stock in the index. The company must have "an excellent reputation, demonstrate sustained growth, and is of interest to a large number of investors," according to S&P Global . Nvidia ( NVDA -3.22% ) is the most recent addition to the Dow Jones, joining the benchmark on Nov. 8 and replacing chipmaker Intel . That makes it one of only three companies to make the cut so far this year. Over the past decade, Nvidia's revenue has climbed 2,300%, while its net income has surged 8,460%. This, in turn, has fueled stock price gains of 28,940% (as of this writing). As a result of its meteoric rise, the artificial intelligence (AI) chipmaker recently completed a 10-for-1 forward stock split after years of strong business and financial results. The new, lower share price paved the way for Nvidia's inclusion in the Dow. Despite Nvidia's parabolic move higher, many on Wall Street believe the stock still has further to run. From humble beginnings Nvidia has long been known for its prowess in developing top-notch graphics processing units (GPUs) that are the first choice among serious gamers. In 1999, the company pioneered the use of parallel computing in its chips, which allows them to run a multitude of mathematical computations simultaneously. By breaking up these massive compute jobs into smaller, more manageable pieces, the company reinvented the gaming industry. In fact, as recently as early 2022, gaming still represented the majority of Nvidia's revenue. But a paradigm shift was coming. It didn't take long before Nvidia realized it could use this technology in a variety of other applications. By 2006, scientists and data researchers discovered that GPUs could be used for other computationally intensive processes, including high-performance computing (HPC), machine learning (a subset of AI), and data centers. This pivot set the stage for the generative AI revolution that kicked off early last year. It's estimated that Nvidia controls as much as 98% of the data center GPU market, according to semiconductor analyst company TechInsights. Since the vast majority of AI processing takes place in data centers, the accelerating adoption of AI directly benefits Nvidia, as its GPUs are the cornerstone of the technology. The company delivered five consecutive quarters of triple-digit, year-over-year growth, so a slowdown was inevitable. However, its most recent results are still enviable. For its fiscal 2025 third quarter (ended Oct. 27), Nvidia generated record revenue of $35 billion, surging 94% year over year and 17% sequentially. This resulted in adjusted earnings per share (EPS) of $0.81, which soared 103%. Management is predicting its growth spurt will continue, albeit at a more moderate pace. The company is guiding for Q4 revenue of $37.5 billion, which would represent growth of 70%. The biggest unknown, at this point, is the ongoing supply constraints, which management predicts will persist well into next year. However, if Nvidia's suppliers can accelerate output, sales could jump. Wall Street is still bullish on Nvidia Given the company's pivotal position in the AI revolution, Wall Street is understandably bullish on the company's prospects. Of the 64 analysts who have offered an opinion thus far in November, 94% rate the stock a buy or strong buy, and none recommend selling. Furthermore, an average price target of roughly $170 suggests there's still upside potential of 16% compared to Nvidia's closing price on Wednesday. Rosenblatt analyst Hans Mosesmann continues to be the biggest Nvidia bull on Wall Street. In the wake of the company's impressive results and robust guidance, the analyst maintained a buy rating on the stock while increasing his price target to a Street-high $220, which represents potential gains for investors of 50%. Mosesmann cited Nvidia's "beat and raise" quarter, strong demand for its Hopper chips, and the upcoming ramp of its Blackwell architecture as catalysts to push the stock higher. He isn't the only one that's bullish: A whopping 15 analysts boosted their price targets for Nvidia on the heels of its results. Some investors may be hesitant to buy the stock given its lofty valuation, and on the surface, that argument has weight. After all, Nvidia is currently selling for 69 times earnings and 38 times sales, which certainly appears expensive. However, Wall Street expects Nvidia to generate EPS of $4.36 in fiscal 2026, which begins in late January. That works out to roughly 33 times forward earnings. I'd argue that's an attractive price to pay for an industry leader with unrivaled market share and a solid runway for growth ahead. For my money, Nvidia is a buy .
Auston Matthews picks up assist in his return to the lineup as Maple Leafs top Lightning 5-3
NEW YORK, Dec. 16, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global natural and organic personal care product market size is estimated to grow by USD 11.67 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45% during the forecast period. Increasing number of female customers opting for organic personal care products is driving market growth, with a trend towards rise of sustainable packaging. However, high cost of natural and organic personal care products poses a challenge. Key market players include Beiersdorf AG, Colgate Palmolive Co., e.l.f. Beauty Inc., Emami Ltd, Gabriel Cosmetics Inc., Groupe Clarins, Herbivore Botanicals, Honasa Consumer Pvt. Ltd., Korres, LOccitane Groupe SA, Miranda Kerr Pty Ltd., Organic Harvest, OSEA International LLC, Patanjali Ayurved Ltd., Purity Cosmetics, The Clorox Co., The Procter and Gamble Co., True Botanicals Inc., Weleda Group, and Yves Rocher Amerique du Nord Inc, VEDA Corp., The Body Shop International Limited, Hain Celestial, Amway Corp., bareMinerals, Arbonne International LLC, L'Oréal, Korres S.A., Shiseido Company Limited, The Clorox Company, Beiersdorf AG AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2017 - 2021 Segment Covered Product (Skincare, Haircare, Cosmetics, and Others), Distribution Channel (Offline stores and Online stores), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled Beiersdorf AG, Colgate Palmolive Co., e.l.f. Beauty Inc., Emami Ltd, Gabriel Cosmetics Inc., Groupe Clarins, Herbivore Botanicals, Honasa Consumer Pvt. Ltd., Korres, LOccitane Groupe SA, Miranda Kerr Pty Ltd., Organic Harvest, OSEA International LLC, Patanjali Ayurved Ltd., Purity Cosmetics, The Clorox Co., The Procter and Gamble Co., True Botanicals Inc., Weleda Group, and Yves Rocher Amerique du Nord Inc, VEDA Corp., The Body Shop International Limited, Hain Celestial, Amway Corp., bareMinerals, Arbonne International LLC, L'Oréal, Korres S.A., Shiseido Company Limited, The Clorox Company, Beiersdorf AG, Key Market Trends Fueling Growth The personal care products market is thriving with a focus on clean label ingredients and organic beauty. Consumers are increasingly preferring natural oils like pomegranate, camellia, jojoba, argan, and grape seed over synthetic cosmetics. Airless packaging ensures product freshness and safety. ECommerce and online retailing have made buying beauty products more convenient. Millennials lead the trend in skincare, seeking solutions for skin irritation, dryness, and dullness. Herbal ingredients, free from BHA, parabens, phthalates, coal tar, and other chemicals, are in demand. Natural plant extracts offer alternatives, with brands like Refresh Botanical leading the way. Skin care and oral care concerns continue to drive growth. Allergies and sensitivities have increased the need for organic skincare products. Social media marketing, product reviews, recommendations, user comments, expert bloggers, and celebrity endorsements influence consumer decisions. Propylene glycol and formaldehyde are under scrutiny for potential health risks. Haircare concerns include anti-dandruff prevention and scalp problems. Stay tuned for more updates in the consumer products industry. The natural and organic personal care product market is witnessing a significant shift towards sustainable packaging. Brands like Juicy Chemistry, Mamaearth, WOW Skin Science, and Forest Essentials are leading this trend by introducing innovative eco-friendly packaging solutions. These include refillable containers and packaging made from recycled materials, such as biodegradable, compostable, or recycled ocean plastic. This shift is driven by growing consumer awareness of the environmental impact of traditional packaging. By adopting sustainable packaging, brands are differentiating themselves in the market and appealing to eco-conscious consumers. This trend signifies a broader movement towards sustainability and responsible consumption in the natural and organic personal care product industry. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This natural and organic personal care product market report extensively covers market segmentation by 1.1 Skincare- The natural and organic personal care product market comprises skincare items such as facial care, body care, and sun care products. These include organic offerings like lotions, creams, oils, moisturizers, face washes, cleansers, exfoliators, scrubs, soaps, body washes, and face and body serums. Natural and organic skincare products have gained significant popularity due to their absence of harsh chemicals, such as parabens and phenoxyethanol. Synthetic ingredients, like propylene glycol, petrolatum, and sulfates, can penetrate the skin, causing irritation, allergies, headaches, breathing difficulties, and hormone disruptions. Moreover, these ingredients may increase the risk of skin cancer. As consumers become more health-conscious, they prefer natural and organic skincare products for their skin health benefits and to avoid the harmful side effects of toxic ingredients. Vendors like Weleda, Rocher Amerique, and others cater to this demand with skincare products tailored to specific skin issues. For instance, acne and pimples are common skin concerns, and consumers often avoid chemical-based anti-acne products due to their perceived harm. Instead, they opt for herbal anti-acne skincare products, boosting the demand for natural and organic personal care products globally. Companies like The Himalaya Drug Co. And Emami Ltd. Provide herbal skincare solutions, such as the Purifying Neem Face Wash and Emami Naturally Fair Herbal Fairness Cream, respectively, to address these concerns. In conclusion, the growing preference for natural and organic skincare products to maintain skin health and avoid the harmful effects of synthetic ingredients is expected to fuel the growth of the skincare segment in the global natural and organic personal care product market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 - 2021) Research Analysis The Natural and Organic Personal Care Product market is experiencing significant growth as consumers increasingly seek out clean label ingredients and organic beauty solutions. This market encompasses a wide range of consumer products, including skincare, haircare, and makeup, all made with natural oils such as pomegranate, camellia, jojoba, argan, and grape seed, and plant extracts. Airless packaging is a popular choice for these products to maintain their freshness and effectiveness. E-commerce and online retailing have revolutionized the way consumers purchase beauty products, allowing for the convenience of shopping from home and access to a wider selection of organic skincare products. Digital marketing and social media play a crucial role in reaching consumers and building brand awareness. However, natural and organic personal care products must still contend with skin irritation, dryness, and dullness, common issues for many consumers. Synthetic chemicals and allergens found in conventional beauty products can exacerbate these issues. By contrast, natural ingredients offer gentle, effective solutions. Despite the benefits of natural and organic personal care products, the challenge lies in maintaining a consistent supply chain and ensuring product quality. The use of synthetic cosmetics and chemicals in the industry can make this a complex issue. Nevertheless, the future looks bright for this market, with continued innovation and consumer demand driving growth. Market Research Overview The Natural and Organic Personal Care Product Market is experiencing significant growth as consumers increasingly seek out clean label ingredients and organic beauty solutions. This market encompasses a wide range of consumer products, including skincare, haircare, oral care, and more. Airless packaging and e-commerce platforms are driving innovation, making it easier than ever for consumers to purchase these products online. Key trends in this market include the use of natural oils such as pomegranate, camellia, jojoba, argan, and grape seed, as well as herbal ingredients. However, concerns over skin irritation, dryness, and dullness continue to drive demand for organic skincare products free from synthetic chemicals like BHA (butylated hydroxyanisole), parabens, phthalates, coal tar, and allergens. Marketing in the natural and organic personal care product market is heavily influenced by social media and digital marketing. Product reviews, recommendations, user comments, expert bloggers, and celebrity endorsements all play a role in shaping consumer perceptions and driving sales. However, not all ingredients in personal care products are natural or organic. Some, like propylene glycol and formaldehyde, are synthetic and can cause haircare concerns, such as anti-dandruff prevention and scalp problems. As a result, transparency and education are crucial in this market. Millennials are a key demographic in the natural and organic personal care product market, with many prioritizing natural and organic options over synthetic cosmetics. Skincare is a particular area of focus, with consumers seeking out plant extracts and herbal ingredients to address a range of concerns. Overall, the natural and organic personal care product market is a dynamic and evolving space, driven by consumer demand for clean label, organic solutions and a growing awareness of the potential health risks associated with synthetic chemicals. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: SOURCE Technavio MENAFN16122024003732001241ID1108999987 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.
Auston Matthews picks up assist in his return to the lineup as Maple Leafs top Lightning 5-3
After many years of making deep playoff runs but falling just short of a title, the Jayson Tatum and Jaylen Brown-led Boston Celtics finally got over the hump to end the 2023-24 NBA season, defeating the Dallas Mavericks in five games in the finals to secure the organization's 18th banner. On Friday, the Celtics will face the Washington Wizards in the nation's capital for their third game of the NBA Cup. Boston is in second place in the East Group C standings, with a record of 1-1 and a point differential of two. Javascript is required for you to be able to read premium content. Thanks for the feedback.
Elevating Urban Living with Holistic Wellness and Timeless Elegance: Proud Real Estate Redefines Luxury with Romm Convent, Bangkok’s Premier Wellness Residence in the Heart of Convent-Sathorn BANGKOK, THAILAND - Media OutReach Newswire - 30 December 2024 - In the bustling heart of Bangkok's prestigious Convent-Sathorn area, Proud Real Estate Plc. introduces Romm Convent , a beacon of luxury wellness living designed for the discerning urbanite. Amidst a thriving residential market buoyed by global-above-average yields, Romm Convent emerges as a rare gem, offering an exclusive investment opportunity in one of the city's most desirable locations. ROMM CONVENT LUXURY WELLNESS RESIDENCES Ms. Proudputh Liptapanlop, Executive Director of the SET-listed Proud Real Estate Plc., discusses the vision behind this pioneering project, "Home is redefined as a space for interactions, where luxury transcends traditional craftsmanship to embrace the vital access to urban green space. In today's era of land scarcity, creating a breathable, healthy environment is paramount." A Historical Perspective on Bangkok's Growth and Urban Trajectory Bangkok, one of the world's most densely populated cities, has undergone significant transformations since the 1980s when rural-urban migration spurred by industrialization led to a wave of suburbanization. Yet, despite the outward expansion, the city's core areas, particularly around Lumpini Park which covers Silom, Sathorn, Chidlom, Langsuan, Rajdamri, and the initial section of Rama IV Roads, have remained vibrant hubs of development. These districts are renowned for their 5-star hotels, upscale shopping malls, foreign embassies, and Grade A office towers. As Bangkok continues to expand, its super core CBD centered around Lumpini Park remains a focal point of major development. According to data compiled by Proud Real Estate Plc., about 30 projects, primarily mixed-use, have been developed in this area over the past few years, representing a multi-billion-dollar investment. This includes significant megaprojects like the USD 3.2 billion One Bangkok and the USD 1.37 billion Dusit Central Park. These developments not only reinforce Bangkok's status as a world-class city but also highlight its ongoing transformation and urban sprawl, maintaining the inner city's pivotal role in the national and regional economic landscape. Rise of the Super Core CBD Recent data from Proud Real Estate Plc . indicates a bustling period of development in the super core CBD, with approximately 30 projects developed in the last few years. Noteworthy developments include the USD 3.2 billion One Bangkok, a 'city within a city' offering a dynamic mix of retail, hotel, office, and residential spaces, and the USD 1.37 billion Dusit Central Park which has reintroduced the legendary Dusit Thani Hotel alongside new office and retail spaces. Romm Convent: A Synthesis of Luxury and Wellness Romm Convent distinguishes itself with a 'biological design' concept, which enhances natural air circulation and reduces heat, ensuring a refreshing living environment. This design is on track to receive Fitwel certification by Q1/2025, highlighting the project's commitment to health and wellness. The development features The Sky Retreat, a luxurious three-story area offering a variety of state-of-the-art amenities designed to cater to all lifestyles. With only 175 units and just eight units per floor, Romm Convent prioritizes privacy and exclusivity. The residences range from 2-bedroom plus Balcony Suit (118 sq.m.) to a 4-bedroom duplex penthouse (470 sq.m.), each offering spacious and versatile living environments with panoramic views of Bangkok's skyline. These residences are optimally priced, reflecting their exceptional value and anticipated rental yields of 5-6%. Wellness and Convenience at Your Doorstep Residents of Romm Convent benefit from comprehensive on-site wellness services provided through collaborations with leading health institutions like BEDEE by BDMS and BNH Hospital. This holistic approach to wellness ensures that every aspect of residents' health and well-being is catered to, from preventive care to health promotion. With VVIP special privileges, they are eligible to access to BNH loyal heritage lounge supervised by A-List medical team and receive up to 20% discount when using services at the country's first private BNH Hospital in a short walk. Strategic Location and Investment Potential The Convent-Sathorn area remains a focal point for growth and investment, driven by a tourism boom, Bangkok's position as a health and wellness destination, and its strategic geopolitical importance. The influx of expatriates and digital nomads has further fueled demand for upscale residential properties in the area. Despite the general trend towards suburbanization, Bangkok's CBD continues to be the epicenter of economic activity and urban development. The latest study by Thailand's Real Estate Information Center reaffirmed the economically-centralized development of Bangkok's CBD, showing a total of 138 mixed-use projects with a gross floor area of 56 million sqm across greater Bangkok in the first half of 2024 alone, with about 90% located in the inner city. REIC estimates that around 15 million sqm of mixed-use supplies will be added to the market over the next five years. Ms. Proudputh concludes, "No matter how much Bangkok expands, the city center remains crucial for employment, quality of life, wealth creation, and access to a sustainable urban ecosystem. Romm Convent embodies our philosophy at Proud Real Estate – ALL IS WELL – through an experience-based approach enriched by the unique character of the area." Romm Convent is not just a residence; it's a lifestyle choice for those seeking luxury, privacy, wellness, and a sound investment in Bangkok's dynamic real estate market. For more information and to schedule a private viewing, please visit Romm Convent. Hashtag: #ProudRealEstate #ALLISWELL #RommConvent #LuxuryWellnessResidences #CondoSathorn #CondoHighRise #Condo #Bangkok #CBD https://www.proudrealestate.co.th/ https://www.facebook.com/@proudrealestateplc https://www.instagram.com/proud_realestate/ The issuer is solely responsible for the content of this announcement. PROUD REAL ESTATE PUBLIC COMPANY LIMITED Proud Real Estate is a leading luxury property developer in Thailand and a publicly listed company on the Stock Exchange of Thailand (SET). Guided by our brand philosophy, "ALL IS WELL," we are committed to creating residential projects that inspire sustainable well-being for all—our residents, employees, partners, investors, and society as a whole.Morgans says that these ASX shares are top buys
REYKJAVIK, Iceland (AP) — Icelanders will elect a new parliament Saturday after disagreements over immigration, energy policy and the economy forced Prime Minister Bjarni Benediktsson to pull the plug on his coalition government and call early elections. This is Iceland’s sixth general election since the 2008 financial crisis devastated the economy of the North Atlantic island nation and ushered in a new era of political instability. Opinion polls suggest the country may be in for another upheaval, with support for the three governing parties plunging. Benediktsson, who was named prime minister in April following the resignation of his predecessor, struggled to hold together the unlikely coalition of his conservative Independence Party with the centrist Progressive Party and the Left-Green Movement. Iceland, a nation of about 400,000 people, is proud of its democratic traditions, describing itself as arguably the world’s oldest parliamentary democracy. The island’s parliament, the Althingi, was founded in 930 by the Norsemen who settled the country. Here’s what to look for in the contest. How does the election work? Voters will choose 63 members of the Althingi in an election that will allocate seats both by regional constituencies and proportional representation. Parties need at least 5% of the vote to win seats in parliament. Eight parties were represented in the outgoing parliament, and 10 parties are contesting this election. Turnout is traditionally high by international standards, with 80% of registered voters casting ballots in the 2021 parliamentary election. Why now? A windswept island near the Arctic Circle, Iceland normally holds elections during the warmer months of the year. But on Oct. 13 Benediktsson decided his coalition couldn’t last any longer, and he asked President Halla Tómasdóttir to dissolve the Althingi. “The weakness of this society is that we have no very strong party and we have no very strong leader of any party,’’ said Vilhjálmur Bjarnson, a former member of parliament. “We have no charming person with a vision ... That is very difficult for us.” Why is Iceland's politics so fractured? The splintering of Iceland's political landscape came after the 2008 financial crisis, which prompted years of economic upheaval after its debt-swollen banks collapsed. The crisis led to anger and distrust of the parties that had traditionally traded power back and forth, and prompted the creation of new parties ranging from the environment focused Left-Green Alliance to the Pirate Party, which advocates direct democracy and individual freedoms. “This is one of the consequences of the economic crash,’’ said Eva H. Önnudóttir, a professor of political science at the University of Iceland. “It’s just the changed landscape. Parties, especially the old parties, have maybe kind of been hoping that we would go back to how things were before, but that’s not going to happen.” What are the issues? Like many Western countries, Iceland has been buffeted by the rising cost of living and immigration pressures. Inflation peaked at an annual rate of 10.2% in February 2023, fueled by the fallout from the COVID-19 pandemic and Russia’s invasion of Ukraine. While inflation slowed to 5.1% in October, that is still high compared with neighboring countries. The U.S. inflation rate stood at 2.6% last month, while the European Union’s rate was 2.3%. Iceland is also struggling to accommodate a rising number of asylum-seekers, creating tensions within the small, traditionally homogenous country. The number of immigrants seeking protection in Iceland jumped to more than 4,000 in each of the past three years, compared with a previous average of less than 1,000. What about the volcano? Repeated eruptions of a volcano in the southwestern part of the country have displaced thousands of people and strained public finances. One year after the first eruption forced the evacuation of the town of Grindavik, many residents still don’t have secure housing, leading to complaints that the government has been slow to respond. But it also added to a shortage of affordable housing exacerbated by Iceland’s tourism boom. Young people are struggling to get a foot on the housing ladder at a time when short-term vacation rentals have reduced the housing stock available for locals, Önnudóttir said. “The housing issue is becoming a big issue in Iceland,'' she said. —— Kirka reported from London. Marco Di Marco And Danica Kirka, The Associated Press
Key details to know about the arrest of a suspect in the killing of UnitedHealthcare's CEO
PTI following philosophy of its 'anarchist' founder: NasirRVNL, IRFC, IRCTC, Ircon, Titagarh, Jupiter Wagons, BEML, Texmaco: Will railway stocks shine in 2025?
By ROB GILLIES and FATIMA HUSSEIN WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau said Saturday he had an “excellent conversation” with Donald Trump at his Mar-a-Lago club after the president-elect’s threat to impose significant tariffs on two of America’s leading trade partners raised alarms in Ottawa and Mexico City . It was unclear, as Trudeau headed back to Canada from Florida, whether the conversation had alleviated Trump’s concerns. A person familiar with the details of the leaders’ hastily arranged meeting Friday night said it was a “positive wide-ranging dinner that lasted three hours.” The official, who was not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity, said topics included trade, border security, fentanyl, defense, Ukraine, NATO, China, the Mideast and pipelines, as well as the the Group of Seven meeting in Canada next year. The Republican president-elect has threatened to impose tariffs on products from Canada and Mexico if the countries don’t stop what he called the flow of drugs and migrants across their borders. He said he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders when he takes office in January. As he was leaving his West Palm Beach hotel, Trudeau stopped briefly to answer a reporter’s question about the dinner meeting, saying it was “an excellent conversation.” Trump’s transition team did not respond to questions about what the leaders had discussed. Trump, during his first term as president, once called Trudeau “weak” and “dishonest,” but it was the prime minister who was the first G-7 leader to visit Trump since the Nov. 5 election. “Tariffs are a crucial issue for Canada and a bold move was in order. Perhaps it was a risk, but a risk worth taking,” Daniel Béland, a political science professor at McGill University in Montreal. Among those at the dinner were Howard Lutnick, Trump’s pick for commerce secretary; North Dakota Gov. Doug Burgum, in line to lead the Interior Department; and Mike Waltz, Trump’s choice to be his national security adviser. Accompanying Trudeau were Canada’s public safety minister, Dominic LeBlanc, whose responsibilities include border security, and Katie Telford, Trudeau’s chief of staff. Trudeau had said earlier Friday that he would resolve the tariffs issue by talking to Trump. Mexican President Claudia Sheinbaum said a day earlier after speaking with Trump that she is confident a tariff war with the United States will be averted. Trudeau said Trump got elected because he promised to bring down the cost of groceries but now he’s talking about adding 25% to the cost of all kinds of products including potatoes from Prince Edward Island in Atlantic Canada. “It is important to understand that Donald Trump, when he makes statements like that, he plans on carrying them out. There’s no question about it,” Trudeau said before his leaving for Florida. “Our responsibility is to point out that he would not just be harming Canadians, who work so well with the United States, but he would actually be raising prices for Americans citizens as well and hurting American industry and business,” he added. To Nelson Wiseman, professor emeritus at the University of Toronto, Trump “doesn’t need convincing that new tariffs on Canadian products would not be in U.S. interests. He knows that, but cannot say it because it would detract from what he has said publicly. His goal is to project the image that he gets action when he talks.” Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his first term. Trudeau noted they were able to successfully renegotiate the deal, which he calls a “win win” for both countries. Trump made the tariff threat Monday while citing an influx of migrants entering the country illegally, even though the numbers at the Canadian border pale in comparison to those at the U.S.-Mexico border. Trump also spoke about fentanyl from Mexico and Canada, even though seizures from the Canadian border are few in comparison to the Mexican border. Canadian officials say lumping Canada in with Mexico is unfair but say they are ready to make new investments in border security. When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of their own. Canada, for instance, announced billions of new duties in 2018 against the U.S. in a response to new taxes on Canadian steel and aluminum. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US $2.7 billion) worth of goods and services cross the border each day.Meet the Newest Stock-Split Stock in the Dow Jones. It Has Soared 910% Since Early Last Year, and It's Still a Buy Right Now, According to Wall Street
European countries suspend Syrian asylum decisions after Assad's fall
Mass evacuation of Philippine towns underway after a brief but major volcanic eruptionIn our previous article, we explored the use of presidential aircraft by the President of the People’s Republic of China , Xi Jinping, during his trip to Peru and Brazil in November 2024 to attend the APEC and G20 summits. That article shed light on how the Chinese government arranges flights for its heads of state, focusing on the significance of the aircraft chosen and the diplomatic considerations involved. Coincidentally, this week, the Republic of China ( Taiwan )’s President Lai Ching-te, who took office in May 2024, embarked on his first official overseas trip. As we delve into the details of President Lai’s journey, we take this opportunity to explore which aircraft Taiwan’s leader is using for his international engagements. This article will examine the logistics behind presidential travel in Taiwan, specifically focusing on the aircraft used during this diplomatic visit, and will offer insights into the broader implications of such travel for Taiwan’s international relations. President Lai's first overseas visit On the evening of Friday, December 6, at 18:45, President Lai Ching-te returned to Taipei after concluding a seven-day diplomatic tour. According to the official website of the Office of the President of the Republic of China, this trip primarily targeted Taiwan's allies in the South Pacific, including the Marshall Islands, Tuvalu, and Palau. However, what drew greater international attention were the two additional and controversial stopovers made during the journey—in Honolulu and Guam . Throughout this visit, President Lai used two China Airlines planes: the Airbus A350-900 registered as B-18918 and the Airbus A321 registered as B-18111. B-18918 was delivered to China Airlines on October 22, 2018, as the 239th Airbus A350 ever produced. In contrast, the newer B-18111 joined China Airlines on December 14, 2022, further showcasing the airline’s commitment to maintaining a modern fleet. Additionally, President Lai chartered a Dassault Falcon 7X, registered as 9H-BELL, from Gestair for specific segments of the trip. This aircraft was used for the flight from the Marshall Islands to Tuvalu and later, on the same day, for the leg from Tuvalu to Guam. The choice of this smaller, long-range private jet underscores the logistical complexity of visiting remote destinations with limited airport infrastructure, ensuring flexibility and operational efficiency during the diplomatic mission. Itinerary of the President Lai Ching-te during South Pacific visit Date From To Aircraft used Nov 30, 2024 Taipei (TPE), Republic of China (Taiwan) Honolulu (HNL), United States Airbus A350-900, China Airlines Dec 3, 2024 Honolulu (HNL), United States Majuro (MAJ), the Marshall Islands Airbus A321, China Airlines Dec 4, 2024 Majuro (MAJ), the Marshall Islands Funafuti (FUN), Tuvalu Dassault Falcon 7X, chartered from Gestair Dec 4, 2024 Funafuti (FUN), Tuvalu Guam (GUM), United States Dassault Falcon 7X, chartered from Gestair Dec 5, 2024 Guam (GUM), United States Airai (ROR), Palau Airbus A321, China Airlines Dec 6, 2024 Airai (ROR), Palau Taipei (TPE), Republic of China (Taiwan) Airbus A321, China Airlines The itinerary highlights both the diplomatic significance of President Lai’s engagements and the logistical precision required to navigate such a comprehensive travel schedule. Discover the aircraft system behind China's state visits: from exclusive presidential aircraft to freighters supporting diplomatic missions. Strategic stopovers: Honolulu and Guam From an aviation perspective, during President Lai's trip, the stopovers in Honolulu and Guam were not technical necessities but deliberate additions to the itinerary. Modern aircraft like the Airbus A350-900 used for the journey between Taipei and Majuro have a range exceeding 15,000 kilometers and are easily capable of completing such segments without requiring intermediate stops. This highlights that including Honolulu and Guam served strategic purposes rather than operational ones. The stopover in Honolulu, a key location in the Pacific, underscores Taiwan’s close yet unofficial ties with the United States. Although labeled as a “transit” point, this brief stay allowed President Lai to engage with local representatives and the Taiwanese-American community. These interactions, while unofficial, play a significant role in maintaining Taiwan’s international presence and reinforcing its relationship with its most critical ally. Similarly, the stop in Guam—a U.S. territory—further demonstrated Taiwan’s alignment with U.S. strategic interests in the Pacific. Guam’s role as a key military and logistical hub in the region adds a layer of geopolitical symbolism to the itinerary. These carefully planned stops for Taiwan send a clear message: the island remains actively engaged in the Indo-Pacific while leveraging every opportunity to strengthen ties with the United States and its allies. From the stopover durations, it is evident that Honolulu and Guam held significant importance on this trip, with extended stays reflecting their strategic and diplomatic value. Stopovers Arrival Time (local time) Departure Time (local time) Stopover Duration Honolulu, United States Nov 30, 07:24 Dec 2, 09:20 49 hours 56 mins (2 nights) Majuro, the Marshall Islands Dec 2, 12:00 Dec 4, 08:06 44 hours 6 mins (2 nights) Funafuti, Tuvalu Dec 4, 10:27 Dec 4, 17:15 6 hours 48 mins Guam, United States Dec 4, 20:43 Dec 5, 15:14 18 hours 31 mins (1 night) Airai, Palau Dec 5, 16:00 Dec 6, 15:57 23 hours 57 mins (1 night) Therefore, during his six-night overseas trip, President Lai spent three nights on U.S. territory and three nights in the three Pacific island nations he visited. Excluding flight time, his actual time spent in these locations totaled 144 hours and 18 minutes , with 69 hours and 27 minutes in the U.S. territories and 74 hours and 51 minutes in the Pacific islands . In other words, almost half of President Lai's trip was spent on U.S. soil. These deliberate layovers go beyond their geographical significance, reflecting a nuanced approach to diplomacy where every landing becomes a statement of Taiwan’s aspirations and resilience on the global stage. Find more news about Asian aviation here Taiwan’s dedicated presidential aircraft Taiwan’s government operates its own dedicated presidential aircraft, a customized Boeing 737-800 , officially designated as "Air Force 3701." This aircraft, delivered in 2000, serves as the primary mode of transportation for Taiwan's president and other senior officials during domestic and short international trips. Equipped with secure communication systems and modestly customized interiors, the plane symbolizes Taiwan’s commitment to efficient governance and security. The Republic of China Air Force (ROCAF) manages the aircraft, ensuring it is operated and maintained to the highest standards. Its exterior prominently features Taiwan’s national flag, further emphasizing its role as representing the state’s sovereignty and leadership. While Taiwan’s presidential aircraft is suitable for various official missions, its use for international trips, particularly those involving stopovers in the United States, is often avoided due to diplomatic sensitivities. In the past, the U.S. has expressed reluctance to allow the aircraft to land on its soil, including territories such as Guam, citing its prominent national flag's political implications and strong symbolism as a state asset. The presence of the flag and the aircraft’s designation as a military-operated plane make its use on such trips diplomatically complicated. To address these concerns, Taiwan frequently charter commercial planes from state-owned airlines like China Airlines for overseas visits. These arrangements allow for greater flexibility in navigating complex international protocols while avoiding potential diplomatic disputes. This practice demonstrates Taiwan’s adaptability and its pragmatic approach to balancing national pride with the realities of international politics. This is also why President Lai Ching-te, for this trip, used China Airlines aircraft to facilitate stopovers in Honolulu and Guam.