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Edinburgh Airport shut down by IT issue just as holiday travel season gets under wayBENGUELA, Angola — President Joe Biden on Wednesday announced that the United States would spend more than $560 million on projects connected to the Lobito Corridor, a trans-African railway that will help get vital minerals and other goods to a port where they can be shipped to the United States and other destinations.
Halcro Eclipse StereoCopy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Queensland-based health tech company WearOptimo has ruled off its latest funding round with backing from NRL great Adam MacDougall and Canberra-based healthcare provider Aspen Medical. The Brisbane-based company, founded by biomedical engineer and University of Oxford lecturer Mark Kendall, has gathered $8 million in fresh funding from new and existing investors. Together with $10 million in grant funding, WearOptimo will pursue the next phase of its operation – moving its AI-enhanced wearable hydration monitors from proof of concept to its first sales by the end of 2026. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.TAURANGA, New Zealand--(BUSINESS WIRE)--Dec 19, 2024-- Craigs Investment Partners (“Craigs” or “the Firm”), a leading wealth management firm in New Zealand, today announced that TA Associates (“TA”), a leading global private equity firm, has signed a conditional agreement to make a strategic investment in the Firm. Under the agreement, Craigs’ existing employee and director shareholders will retain 50 percent ownership of the Firm, partnering closely with TA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241218087239/en/ “TA is an ideal partner to support Craigs’ growth ambitions and ongoing commitment to client outcomes given its significant global experience investing in wealth management, and its strong understanding of the regional market,” said Simon Tong, CEO of Craigs. “Craigs and TA are aligned on a client-first philosophy and the importance of a personalized approach to wealth management. Client outcomes remain our top priority, and there will be no change in the people or our approach to providing outstanding service to our clients.” The partnership between Craigs and TA aims to further enhance Craigs’ position as a leader in the New Zealand wealth management market while enabling its continued expansion. Leveraging over 50 years of experience helping high-quality companies grow, TA will provide deep industry knowledge, strategic resources and a robust global network to accelerate Craigs’ growth strategy. “This is an exciting opportunity that connects our local team with TA’s extensive global experience in wealth management, supporting our ability to deliver enhanced outcomes for clients in an increasingly dynamic environment. Access to TA’s international network, best practices and insights will help us elevate our services while maintaining the personalised approach that sets us apart,” Tong continued. “Over the past 40 years, Craigs has established itself as one of the largest and most respected wealth management firms in New Zealand, offering a comprehensive range of personalised wealth advice and services to its clients,” said Edward Sippel, head of TA Associates Asia Pacific Ltd. and a Managing Director at TA. “We deeply respect this history and are honoured to support the Firm’s continued growth strategy and commitment to delivering best-in-class client outcomes.” “TA has a long history of partnering with world-class wealth managers like Craigs,” said Lily Xu, Vice President at TA. “We are excited to collaborate with the entire Craigs team to expand the Firm’s reach, continue enhancing its service offerings, and explore strategic M&A opportunities.” The agreement remains subject to certain approvals being obtained, including Court approval, Craigs’ shareholder approval and Overseas Investment Office (‘OIO’) consent. Settlement is expected to occur late in the first quarter of 2025. Financial terms were not disclosed. Craigs Investment Partners Limited is a NZX Participant firm. Craigs Investment Partners Limited’s Financial Advice Provider Disclosure Statement can be viewed at craigsip.com/terms-and-conditions . Please visit craigsip.com for more information on Craigs Investment Partners financial advice services. About Craigs Investment Partners (Craigs) Craigs Investment Partners is one of New Zealand's largest investment advisory firms, offering bespoke solutions to both private investors and corporate clients. Craigs provides the complete breadth of private client and wealth management services including investment advice and management, securities trading, research, cash management, institutional dealing, and investment banking. Craigs has over 180 qualified Investment Advisers, servicing over 65,000 private wealth investors across 19 branches in New Zealand. Craigs has a team of 650 employees, $32 billion in funds under advice (“FUA”), and is currently 100% owned by employee and director shareholders. www.craigsip.com About TA Associates (TA) TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and businesses services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has more than 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241218087239/en/ CONTACT: For more information, please contact: Craigs Investment Partners:Tania Bui |tania.bui@craigsip.com TA Associates:Maggie Benoit |mbenoit@ta.com KEYWORD: AUSTRALIA/OCEANIA NEW ZEALAND ASIA PACIFIC INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Craigs Investment Partners Copyright Business Wire 2024. PUB: 12/19/2024 04:38 PM/DISC: 12/19/2024 04:36 PM http://www.businesswire.com/news/home/20241218087239/en
Child specialists have warned parents against giving their babies antibiotics without a prescription by qualified medical personnel. They noted that the indiscriminate use of antibiotics in babies was not only harmful but eventually made infections difficult to treat as the drug became resistant to infections, leading to higher costs of treatment, long hospital stays, and deaths. The paediatricians also warned parents against giving their babies antibiotics in an attempt to prevent infections, asserting that such practice was harmful. In exclusive interviews with PUNCH Healthwise, the child experts and researchers on Antimicrobial Resistance, urged parents to take their babies to certified healthcare practitioners before giving them medications. The experts spoke in light of World AMR Awareness Week commemorated on November 18 to 24 every year. The theme for this year is, “Educate. Advocate. Act now.” According to the World Health Organisation, WAAW is a global campaign that is celebrated annually to improve awareness and understanding of AMR and encourage best practices among the public, health practitioners and policymakers to reduce further emergence and spread of AMR. Antimicrobial Resistance, AMR, occurs when bacteria, viruses, fungi and parasites no longer respond to medicines, making infections harder to treat and further increasing the risk of disease spread, severe illness and death. The WHO notes that antimicrobials are antibiotics, antivirals, antifungals and antiparasitic medicines used to prevent and treat infections in humans and animals. The United Nations Children’s Fund states that in 2019, out of the 1.27 million deaths directly linked to AMR, 254,000 were children mostly under the age of five, representing a disproportionate share of AMR-related deaths globally. It adds that this figure was equal to one child dying nearly every two minutes. The Global Research on Antimicrobial Resistance reports that in 2019, 4.95 million people suffered and died from drug-resistant infections globally. It also reported that Nigeria had about 64,500 AMR-related deaths and 263,400 AMR-associated deaths. Providing insight into the issue, a Professor of Paediatrics at the University of Ilorin, Kwara State, Aishatu Gobir, said that antibiotics should only be given to babies after proper investigations and clear indications for their use. She asserted that the common cold, also known as acute coryza, was a viral infection and babies don’t need antibiotics for its treatment. “Babies with cold need to be given plenty of fluids and breast milk, and steam inhalation is recommended for nasal blockage. Antibiotics are not necessary,” the don said. Gobir, who is the pioneer Provost of the College of Medicine, Federal University of Health Sciences, Ila Orangun, Osun State, further stated that the indiscriminate use of antibiotics led to the emergence of drug resistance. “Indiscriminate use of antibiotics leads to unnecessary drug pressure and the emergence of drug resistance. This is aside from side effects from the antibiotics. From the public health perspective, indiscriminate use of antibiotics results in higher costs of treatment, higher morbidity such as prolonged hospital stays and higher death rates. “Those who use antibiotics indiscriminately can have drug-resistant infections leading to more deaths and complications,” the paediatrician said. Continuing, Gobir advised, “Babies shouldn’t be fed antibiotics. Babies need breastfeeding only from birth to six months. After six months, complementary feeds will be added such as pap, moinmoin etc.” Related News Six out of 10 children with sickle cell anaemia risk stroke – Paediatricians ‘Babies born to smoking parents risk leukemia’ NAFDAC warns of substandard antimalaria, antibiotics in circulation On her part, a Professor of Paediatrics at the Nnamdi Azikiwe University, Awka, Anambra State, Joy Ebenebe, noted that babies should only be given antibiotics based on the prescription of an appropriate healthcare professional. She noted such prescriptions should be based on the existence of bacterial infection or suspected clinical bacterial infection. The don further stated that babies on antibiotics should be given the correct and prescribed dosage and urged parents to refrain from sharing such medications with other babies presenting with similar symptoms. “Other important measures that need to be taken when antibiotics are prescribed to a baby, include making sure that the antibiotic, for example, if it is prescribed for seven days, is given for seven days and not for two. “Also, it should not be shared with other siblings. Some people have the habit of sharing antibiotics prescribed to one child in the hospital with other children. This means that so little is taken, fuelling the ground for antimicrobial resistance development,” the paediatrician said. She further asserted that since most colds and flu were due to viral infections, babies with such conditions should not need antibiotics. “We do know that a good number of common colds and flu are due to viral infections, meaning that antibiotic use will not be effective. But it will expose the antibiotics to the development of resistance because you are using it indiscriminately,” Ebenebe said. She asserted that the indiscriminate use of antibiotics posed the risk of developing resistance, making simple bacterial infections severe, leading to the spread of infections and even premature death. The paediatrician further noted that antibiotic resistance gave room for the multiplication of minor infections the body’s immune system could naturally fight, leading to serious infections. The don warned parents against the indiscriminate use of antibiotics, advising them to take ill babies to certified healthcare professionals for proper evaluation and treatment. “Some mothers have the bad habit of giving antibiotics to their babies for prevention against infection. This is a very dangerous practice that breeds antimicrobial resistance. “So my message to mothers is to stop buying over-the-counter antibiotics. Stop practising self-medication. If your child is sick, take your child to go and see a qualified healthcare practitioner,” Enenebe warned. Also, a Professor of Medical Microbiology at the Ladoke Akintola University of Technology, Samuel Taiwo, emphasised that parents who gave their babies antibiotics without a healthcare practitioner’s prescription exposed them to danger. The researcher on Antimicrobial Resistance and Infection Prevention and Control said, “Remember that the body has a lot of normal organisms, billions of organisms are in the gut. Antibiotics that are not warranted can distort the balance of this normal flora which will affect the child one way or the other. “Many times these antibiotics when not given properly can cause the bacteria flora in the body to develop resistance and when the child develops infections, such a child will not respond to the antibiotics again. If such a child has something like diarrhoea, such a child can spread that resistant infection to another child. “So, parents giving antibiotics to their children without medical authorization create harm to the child and when such a child grows up can develop resistance and can spread the resistance to other children in the society and the parents themselves.” Speaking on WAAW, Taiwo urged parents to only give antibiotics to children when and as prescribed by a doctor. “Also, try as much as possible to maintain proper hygiene and hand washing habits. When this is done, you are taking away microorganisms that might be in your hand because the organisms are usually much in the hands. So, regular hygiene and hand washing would minimise the rate at which infection occurs. If there is no infection, there won’t be a need for the use of antibiotics. “We also tell parents to follow the instructions that are given by the doctor. If the prescription is for five days, give the antibiotic for five days. If you are to give it three times a day, give it three times a day. When you give an underdose, the chance of resistance is also very high,” the don said. The AMR advocate further warned parents against keeping leftover antibiotics and giving them to another child who develops symptoms similar to their child’s.Seahawks are optimistic again and set to battle Cardinals for the NFC West leadFinding the perfect gift can be daunting. The only way to truly ensure you get it right would be to ask the recipient what they want, but that wouldn’t be much fun for either of you. Luckily, there’s another tactic to help you earn a “gift whisperer” reputation: seeking out unique, practical, game-changing gifts that will truly surprise and delight. But that’s about as easy as it sounds, which is to say it’s not easy at all. So, we’ve done the legwork for you. Start making your list with this compilation of some of the most innovative, functional and fun gifts of 2024. There’s something for every budget. This image provided by FinaMill shows the FinaMill Ultimate Spice Grinder Set. The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. Bear with me: The new FinaMill Ultimate Spice Grinder set elevates the pedestrian pepper and spice mill in both function and style. Available in three colors (Sangria Red, Midnight Black and Soft Cream), the rechargeable-battery unit grinds with a light touch rather than hand-tiring twists. That’s easier for everyone and especially helpful for those experiencing hand or wrist issues such as arthritis, carpal tunnel syndrome or tendinitis. And it’s fun to use. The set includes a stackable storage tray and four pods that can be easily swapped as needed: The GT microplane grater for hard spices, nuts and chocolate; the MAX for large spices and dried herbs; the ProPlus for smaller and oily spices; and the Pepper Pod for, well, pepper. $110. This image provided by Pull Start Fire shows the matchless fire igniter in use. Made of 89% recycled materials, the food-safe, eco-friendly, 3-by-2-by-1-inch fire starters will light a fire quickly without matches, lighters or kindling. Campers and backyard firepit lovers who have experienced the heartbreak of wet wood will appreciate having a three-pack of Pull Start Fire on hand. Made of 89% recycled materials, including sanding dust, wax and flint, the food-safe, eco-friendly, 3-by-2-by-1-inch fire starters will light a fire quickly without matches, lighters or kindling. Just loop the attached green string around a log, incorporate it into a wood stack, and pull the attached red string to ignite. Each windproof, rainproof block burns for 30 minutes. $29.99. This image provided by Souper Cubes shows No Mess Utensils held upright on pot edges. The No Mess Utensil lives up to its name. The utensils, a serving spoon and a ladle, have innovative, S-shaped handles designed to rest on the edge of a pot. The No Mess Utensil Set from Souper Cubes , a company known for its portioned, silicone freezer trays, lives up to its name. The utensils — a serving spoon and a ladle — have innovative, S-shaped handles designed to rest on the edge of a pot, keeping them upright so they won’t slip in. The design also eliminates the need for a spoon rest or, worse, placing dirty utensils on the kitchen counter or stovetop between stirs. A silicone coating in a choice of Aqua, Charcoal, Cranberry or Blueberry keeps handles cool to the touch. $24.99. This image provided by FeatherSnap shows a female cardinal bird perched on a FeatherSnap Wi-Fi Solar Powered Camera Smart Bird Feeder. Equipped with an HD camera, the dual-chamber feeder enables up-close livestreaming of avian visitors, as well as species-logging via the free mobile app. The FeatherSnap Wi-Fi smart bird feeder could turn anyone into an avid birdwatcher. Equipped with an HD camera, the dual-chamber feeder enables up-close livestreaming of avian visitors, as well as species-logging via the free mobile app. An optional premium subscription ($59.99 annually or $6.99 monthly) includes unlimited photo and video storage, AI identification with species-specific details, and the opportunity to earn badges for logging new visitors. Turn on notifications to get alerts sent to your phone whenever there’s activity at the feeder. $179.99. This image provided by FUJIFILM North America Corporation and FUJIFILM Corporation Tokyo shows a smartphone printer. Fujifilm Instax's Mini Link 3 smartphone printer offers a touch of nostalgia without sacrificing technology. Just load the printer with film and connect it to your Android or iOS device via Bluetooth to print wallet-size photos. Fujifilm's Instax Mini Link 3 smartphone printer offers a touch of nostalgia without sacrificing technology. Just load the 4.9-by-3.5-by-1.3-inch printer with Instax Mini instant film and connect it to your Android or iOS device via Bluetooth to print wallet-size photos. If you want to get fancy, you can adjust brightness, contrast and saturation, or apply filters, including 3D augmented-reality effects, via the free Instax Mini Link app. It can also make collages of up to six images, or animate photos to share on social media. Available in Rose Pink, Clay White and Sage Green. $99.95. This image provided by easyplant shows a Marxii Calathea plant in a small, beige, self-watering pot. The appropriately named easyplant is one of the best gifts you can give your houseplant-loving friends, regardless of their experience level. The appropriately named easyplant is one of the best gifts you can give your houseplant-loving friends, regardless of their experience level. Select a pot color, size and plant (or get recommendations based on sunlight requirements, pet friendliness and other attributes) and fill the self-watering container’s built-in reservoir roughly once a month. Moisture will permeate the soil from the bottom as needed, eliminating the often-fatal consequences of over- or under-watering. It’s also a literal lifesaver come vacation time. $49-$259. This image provided by Nama shows the M1 plant-based milk maker. If you've got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid unnecessary ingredients like sugar, stabilizers, thickeners and preservatives. If you’ve got a no-dairy friend on your list, a plant-based milk maker could save them money while allowing them to avoid sugar, stabilizers, thickeners and preservatives. The Nama M1 appliance both blends and strains ingredients, converting nuts, seeds, grains or oats into velvety-smooth milk in just one minute, with zero grit. And for zero waste, the pasty leftover pulp can be used in other recipes for added nutrients. The device also makes infused oils, flavored waters and soups. And, importantly, cleanup is easy. Available in white and black. $400. This image provided by QelviQ shows a wine bottle chiller. For friends who prefer stronger beverages, the QelviQ personal sommelier uses "smart" technology to ensure wine is served at its ideal temperature. For friends who prefer stronger beverages, the QelviQ personal sommelier uses “smart” technology to ensure wine is served at its ideal temperature. Unlike traditional wine refrigerators, this device doesn’t take up any floor space. It also doesn’t chill wine to just one or two temperatures based on its color. Instead — paired with the free QelviQ app — the tabletop chiller relies on a database of more than 350,000 wines to bring a bottle to its specific recommended serving temperature in as little as 20 minutes. It also suggests food-wine and wine-food pairings. Plus, the appliance serves as a great icebreaker to inspire dinnertime conversation. Available in Exciting Red, Dashing Black and Dreamy White. $495. This image provided by Uncommon Goods shows a 2-piece LED Grilling Tool Set. Uncommon Good's 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. Grilling food after dark — and ascertaining its doneness — can prove challenging without outdoor lighting, and it’s nearly impossible to cook while holding a flashlight. But as is often the case, the simplest of solutions can make the biggest of impacts: Uncommon Good’s 2-piece LED Grilling Tool Set puts illumination into the handles of its stainless-steel spatula and tongs. After use, the lights can be removed and the utensils run through the dishwasher. $40. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. With our weekly newsletter packed with the latest in everything food.
NoneWASHINGTON (AP) — A group of Republican senators is demanding that the Biden administration revoke a science and technology agreement with China, barely a week after the two countries renewed cooperation for five more years to keep ties from deteriorating. In a letter Thursday to Secretary of State Antony Blinken, the lawmakers, led by Sen. Jim Risch, the ranking member of the Senate Foreign Relations Committee, said the era in which such cooperation made sense “is long gone" and the extension only “opens the door for further cooptation of American research.” The renewal of the agreement just before President Joe Biden leaves office “denies the incoming administration a chance to weigh in on this highly controversial agreement," they said, urging the administration to “reverse course.” In addition to Risch, the letter was signed by Sens. John Barrasso, Pete Ricketts, Todd Young and Bill Hagerty. The first such agreement was signed in January 1979 when the two countries established diplomatic ties to counter the influence of the Soviet Union and when China severely lagged behind the U.S. and other Western nations in science and technology. The agreement was extended in 2018, and it was given temporary extensions last year and this year to allow for negotiations as the tech war between the two countries has escalated. The State Department has said the new agreement has a narrower scope and more guardrails to protect U.S. interests, including covering only basic research and not facilitating the development of critical and emerging technologies. The Republican senators said they had “deep concerns” that those measures were not sufficient to protect intellectual property and prevent illicit transfer of knowledge. The State Department did not immediately respond to a request for comment on the letter Thursday. Deborah Seligsohn, assistant professor of political science at Villanova University, said the U.S. stands to lose more if it cuts off science and technology cooperation with Beijing. “The irony is that as China has become our peer, we have so much more to gain from working with Chinese science than we did in earlier eras, and yet at this moment, when we have the most to gain, there is a demand that we shut the door,” she said.ILLUSTRATION BY RUTH MACAPAGAL I recently met with the seventh-generation owners of an Asian family business conglomerate. Despite their success in growing the company into a multibillion-dollar powerhouse, they grappled with challenges that are common among family businesses—challenges my team and I encounter daily. During our discussion, one of the owners asked, “Tom, we want to understand how we, as a family, can influence our executives and the business while striking a balance between asserting the family’s influence and giving top executives free rein. We need your neutral, expert opinion on how much power to relinquish to these executives while still being able to attract and retain top talent.” Family businesses face a unique challenge: the decision to hire external executives. This decision often pits two competing priorities against one another—the need to grant freedom to outside leaders for innovation and success versus the imperative to maintain family control. Striking this balance is critical for family businesses aiming for long-term growth and sustainability. Why are external executives necessary? What are the risks and rewards of granting them freedom? And how can families maintain control while leveraging the skills of non-family leaders? Family businesses often lack the depth of talent within the family itself to fill leadership roles. While family members might possess the passion and commitment to uphold their business values, they may lack the necessary skills or experience to lead in today’s competitive environment. In such cases, bringing in external executives becomes a necessity to ensure the company’s growth and survival. A well-qualified external executive can introduce best practices, enhance operational efficiency and foster innovation—qualities that may be difficult to cultivate exclusively within the family. Case study: A prime example is Ford Motor Company, which hired Alan Mulally as CEO in 2006. Mulally was an external executive who previously worked at Boeing. Under his leadership, Ford avoided bankruptcy during the financial crisis by streamlining operations and fostering a culture of accountability. His fresh perspective was instrumental in reviving the company while preserving its family legacy. External executives bring with them a wealth of experience, new strategies and innovative ideas—all essential for staying competitive in today’s dynamic market environment. They can offer objective insights into the strengths and weaknesses of the business, providing fresh perspectives that challenge existing assumptions and drive growth. For example, many successful family businesses have revitalized their operations by hiring nonfamily leaders with expertise in technology, marketing, or international expansion. These executives can act as catalysts for change, positioning the business to seize new opportunities. Case study: Gucci’s turnaround. The Italian luxury brand underwent a transformation when the family brought in Domenico De Sole and Tom Ford in the 1990s. These external leaders revamped the brand image, streamlined operations and introduced iconic designs. Their success exemplifies how external expertise can rejuvenate a family business. External executives often come with experience managing larger organizations or scaling businesses in new markets. Family members may lack exposure to such challenges, but seasoned executives bring processes, networks and strategies to expand operations while mitigating risks. Case study: Tata Group. The transformation of Tata Group under Ratan Tata included key hires of nonfamily professionals who spearheaded global expansion and modernized its business units. This strategy turned Tata into a globally recognized conglomerate. Granting freedom to external exec: Attracting top talent The best executives expect a certain level of autonomy to make decisions and drive initiatives. Family businesses that micro-manage or stifle innovation risk losing these valuable leaders. Offering a clear mandate and operational freedom is crucial to attracting and retaining top talent. Consider the Murdoch family’s News Corp. They allowed nonfamily executives significant leeway in running divisions, which helped the company expand globally. The autonomy offered to these leaders created a culture of trust and innovation. As a result, the business thrived in competitive markets, demonstrating the power of giving executives the freedom to operate. However, excessive freedom without checks can lead to misalignment with the family’s vision. This misalignment can result in reputational damage or even financial losses. For instance, external executives who prioritize short-term gains over long-term family goals might inadvertently harm the business legacy. To balance freedom and control, families must ensure that external executives align with the company’s mission and values. This requires clear communication of long-term goals and expectations. Without alignment, the risk of conflicting priorities between the family and the executives increases. Case study: The Reliance family feud in India. This illustrates the dangers of insufficient oversight. The lack of clarity around roles and family control led to internal conflicts and public disputes that tarnished the brand’s reputation. This example underscores the importance of maintaining clear lines of communication and governance structures to avoid similar pitfalls. 1. Define a shared vision and values: Clearly articulate the family’s long-term goals, mission and values. Ensure that external executives are aligned with these principles from the start. Don’t compromise! 2. Establish robust governance: Implement governance structures such as advisory boards or family councils to oversee decisions while allowing autonomy for executives. These structures ensure that external executives remain accountable while providing them with the autonomy to execute their roles effectively. 3. Measure performance regularly: Hold frequent check-ins to ensure alignment with family goals. Develop clear KPIs (key performance indicators) and hold regular reviews to assess the executive’s alignment and impact on the business. 4. Prioritize cultural integration: Design onboarding programs that immerse external executives in the family’s culture and history to minimize friction. 5. Leverage outside support: Work with external advisors to facilitate communication, mediate potential conflicts and align strategies effectively. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . By following these steps, family businesses can successfully integrate external talent while safeguarding their legacy and driving sustainable growth. INQAP Trending SummaryBrief at 5:06 p.m. EST
The semiconductor sector in Asia faced a turbulent day on Thursday as investor confidence waned following Micron Technology’s sobering forecast for the coming months. Despite the robust demand for AI-related components, Micron’s outlook indicated weak sales in personal computers and smartphones, causing a ripple effect on Asian chip stocks. Micron Technology, a leader in memory chip production, highlighted challenges in its traditional markets, casting a shadow over its stock, which plummeted by 15%. This drop has prompted analysts and investors to question the sector’s immediate future, despite areas of growth facilitated by AI advancements. Broad Impact on Markets The repercussions of Micron’s forecast were felt across Asia, with notable declines in various semiconductor stocks. Taiwan Semiconductor Manufacturing Company (TSMC), the globe’s largest contract chipmaker, saw its shares slip slightly by 0.004%. Despite maintaining some steadiness, investor cautiousness was evident. Meanwhile, the VanEck Semiconductor ETF, which encompasses various prominent Asian chip manufacturers, fell by 1.21%, underscoring prevailing negative market sentiment. Navigating Through Uncertainty Currently, the semiconductor sector is grappling with opposing forces. On one end, the surge in AI applications provides a promising avenue for growth; on the other, decreased consumer demand in electronics presents significant hurdles. The global economic landscape adds another layer of complexity, urging investors to stay vigilant while reassessing their strategies. As earnings seasons approach, further reports from chipmakers will shed light on the trajectory of the sector. While short-term volatility appears to persist, the long-term outlook, buoyed by technological advances in AI, still holds potential. Unveiling the Future of Semiconductors: Challenges and Opportunities Await Micron’s Forecast Sends Ripples Across Asia’s Semiconductor Industry The world of semiconductors experienced a whirlwind as Micron Technology’s recent forecast cast a shadow over the Asian market. While the burgeoning demand for AI-related components was expected to bolster the sector, emerging weaknesses in traditional markets such as personal computers and smartphones sent jitters through investors. Key Market Dynamics and Innovations Despite the challenges faced, new innovations and market dynamics are reshaping the semiconductor landscape. The rapid evolution of AI technology offers substantial growth potential, particularly in areas like machine learning, autonomous vehicles, and IoT devices. Semiconductors play a critical role in enabling these technologies, which could lead to significant advancements and increased demand in the coming years. Trends and Predictions in the Semiconductor Sector Several trends are shaping the semiconductor industry’s future: – AI-Driven Growth : The demand for specialized AI chips is on the rise, as industries increasingly incorporate AI into their processes. – Emerging Markets : New markets such as electric vehicles and renewable energy are creating opportunities for semiconductors, particularly power devices and sensors. – Sustainability Efforts : Chip manufacturers are focusing on sustainability, aiming to reduce the environmental impact of production processes. Opportunities and Limitations While the AI segment offers promising growth, the sector faces limitations, particularly in traditional consumer electronics markets. The slowdown in sales of personal computers and smartphones could pose a risk to overall growth trajectories. However, organizations that pivot quickly towards rising AI technologies may encounter fewer hurdles. Comprehensive Market Analysis As the semiconductor sector grapples with shifting demands, a comprehensive market analysis highlights several critical areas: – Investment Strategies : Investors are urged to adopt adaptive strategies, focusing on emerging technologies and diversifying their portfolios. – Technological Advancements : Companies that innovate and align with technological trends, especially in AI and IoT, are likely to thrive. Predictions for the Sector’s Future As we look ahead, industry experts predict that technological developments in AI, coupled with a renewed emphasis on sustainability, will define the future trajectory of the semiconductor sector. Despite short-term market volatility, the long-term growth potential remains robust, powered by a blend of innovation and strategic reorientation towards high-growth areas. For more insights into the fast-evolving semiconductor industry, consider exploring further resources from TSMC and major market players.Teledyne Technologies Stock: Analyst Estimates & Ratings
Board of Regents gives go-ahead for UM college restructure
PHILADELPHIA — Tanner McKee’s first career NFL touchdown pass was thrown to a Philadelphia Eagles fan named Patrick. OK, McKee actually threw the 20-yard TD to Pro Bowl wide receiver A.J Brown, who — in a momentary lapse of reason — chucked the souvenir football into the Lincoln Financial field stands. Uh-oh. “I felt so bad,” Brown said, “because I threw it so far.” McKee, a sixth-round pick out of Stanford in 2023, is a career third-string QB who had never played a regular-season snap until he was pressed into emergency duty Sunday against Dallas. Jalen Hurts did not start because of a concussion, and Kenny Pickett — who ran and threw for a TD in the Eagles’ 41-7 win — was knocked of the game with injured ribs. That opened the door for the 24-year-old McKee to play in a game in which the Eagles clinched the NFC East. He did his part — including the 20-yard strike in the third that made it 34-7. The celebration was temporarily muted when he realized his ball — a milestone keepsake for any player — was somewhere in the stands. Little did McKee know the ball was coming back to him. Eagles fans kicked off a bit of a relay with the ball once they realized its significance to McKee. The fan who caught the ball was promised a jersey from Brown. He sent the ball to one fan, who passed it to Eagles security chief “Big” Dom DiSandro to hand to another Eagles employee to Brown and finally to McKee. Souvenir secured. “I appreciate whoever gave the ball back,” McKee said. “(Brown) was like, ‘I’m sorry, bro. I got the ball back.’ So, yeah, it was good. He made a great play, and obviously a great catch.” It was Brown’s throw that needed work. Brown stripped off and signed his game jersey and handed it to a fan named Patrick as a thank-you for returning the football — all while fans chanted “E-A-G-L-E-S!” around him. “We’ve got great fans here,” Brown said. McKee needed more room on the trophy shelf — he threw a second TD pass in the fourth quarter.
President-elect Donald Trump Sunday evening sent a tribute to the Carter family in the wake of Jimmy Carter's death at 100 years old. Trump said in a statement on X: "I just heard of the news about the passing of President Jimmy Carter. Those of us who have been fortunate to have served as President understand this is a very exclusive club, and only we can relate to the enormous responsibility of leading the Greatest Nation in History. "The challenges Jimmy faced as President came at a pivotal time for our country and he did everything in his power to improve the lives of all Americans. For that, we all owe him a debt of gratitude. "Melania and I are thinking warmly of the Carter Family and their loved ones during this difficult time. We urge everyone to keep them in their hearts and prayers." The kind words juxtapose Trump and Carter's political divides over the years. Carter's administration was seen by Trump and his conservative supporters as a time of American decline. Carter claimed that Trump's campaign had "tapped a waiting reservoir... of racism" during the 2016 election. Carter's opinion of Trump seemed to changed in 2017 when he told a New York Times reporter the media treated then-president Trump worse than any other president. Many family members, acquaintances, and fellow politicians expressed their condolences for the longest-serving president in US history.Pay first, deliver later: Some women are being asked to prepay for their baby