
S&P 500 components ( ) and ( ), and ( ), ( ) and ( ) are in focus for this week's stock market. The Dow Jones and the S&P 500, fell Friday, slashing weekly gains. However, the stock market rally is acting well, despite remaining somewhat divided. End-of-year light trading and potential tax-related selling in early January could add some turbulence to the market. With this is in mind, investors should keep an eye on these five stocks, which are setting up and are potentially actionable, as they assess current holdings and work on watchlists for stock market action. Investors should also keep tabs on the , the and along with the list for the week's stock market start. Boston Scientific Stock BSX edged down 0.9% to 90.66 during on Friday. But shares rose 1.9% for the week, bouncing off the and . Boston Scientific stock has been trading tightly for several weeks, forming a with a 91.93 buy point as of Friday's close, according to . It should be noted the base is long, dating back to August. Boston Scientific stock has gained around 57% in 2024 but the average analyst price target sits at 101.06, according to FactSet. That represents a further 11% upside for the S&P 500 medtech. While BSX has surged in 2024, the 126 stocks in the industry group have collectively only advanced 1.5% this year. Last week, Truist analysts raised their price target on Boston Scientific to 110 from 100 and kept a buy rating on the shares. The firm broadly sees the medical technology sector as "one of the better/safer houses" in health care given its lower "front-line" exposure to health care policy rhetoric that is tied to the White House change of guard. Earlier this month, Citi also raised its BSX price target to 107 from 98. The firm predicts this year's BSX momentum will continue in 2025 with growth buoyed by the Farapulse pulsed-field ablation and continued adoption and penetration of the company's "Watchman" left atrial appendage closure device. Boston Scientific was Thursday's . Boston Scientific stock has a 93 out of a best-possible 99. The stock also has an 88 and a 92 . Burlington Stores Stock BURL fell 1% to 292 Friday, but rose 2.4% for the week. For weeks, shares have been trading in or near a from a base of 279.51 after breaking out on Nov. 22. BURL stock is technically in the buy zone from that base. But it now has a new flat base with a 298.88 buy point. Investors could use Thursday's high of 295.18 as an early entry. Burlington is featured in this . Burlington has surged 67% from its April low. The stock is up about 50% so far this year and trading around its highest level since December 2021. Shares received a number of price-target hikes in the wake of Burlington's Q3 earnings report and Black Friday sales. Burlington Stores on Nov. 26 reported a 41% increase in Q3 earnings to $1.55 per share adjusted, meeting FactSet expectations. Total revenue rose about 11% to $2.53 billion, short of estimates for $2.55 billion. Chief Executive Michael O'Sullivan noted that third-quarter comparable-sales trends started out "very strongly" for the company's winter outerwear stronghold. However, comparable sales were up 4% during the quarter if cold weather categories were excluded, which represented 15% of sales for Q3. The comp growth is consistent with the trajectory Burlington has seen since March, O'Sullivan said, adding that the company is "very encouraged" by the underlying sales trend. However, the discount retailer provided cautious guidance for the fourth quarter, expecting comparable-sales growth to range from 0% to 2%. On Dec. 2 Goldman Sachs analysts added Burlington Stores to the firm's "U.S. Conviction List" as part of its monthly update. The firm has a buy rating on BURL shares with a 334 price target. Goldman sees Burlington's value offering as "ideally positioned for today's economy." Several discounters, including off-price rival ( ), have been acting well. Burlington Stores stock has a 92 Composite Rating out of a best-possible 99. The stock also has an 86 Relative Strength Rating and an 88 EPS Rating. S&P 500: Fortinet Stock Performance Fortinet fell 1.2% to 96.08 in Friday's stock market, trading about 4% below a traditional 100.59 buy point from a flat base after a strong run-up on earnings, according to MarketSurge chart recognition. Shares ended the week just above their 21-day line. A move above this past week's high of 97.83 could offer aggressive investors an early entry. Fortinet competes in the firewall network security market vs. ( ), ( ) and others. Firewalls reside between private networks and the internet. They block unauthorized traffic and check web applications for malware. As large companies shift to off-premise cloud computing services, one view is that firewall technology will play a lesser role. Fortinet has targeted software-defined wide area networks, or SD-WANs, an emerging computer networking technology. In November, Fortinet , with expectations billings and revenue will grow at a 12% CAGR. The forecast came in slightly above analyst predictions. The company did not give preliminary 2025 guidance. Fortinet stock has a strong 99 Composite Rating. The S&P 500 stock also has a 93 Relative Strength Rating and a 99 EPS Rating. MasTec Stock MTZ shares sank 2% to 135.73 on Friday, back below its recently regained 50-day and 21-day lines. A move above the Dec. 24 high of 140.06 would break a downtrend and offer investors an early entry opportunity. The stock has a three-weeks-tight pattern with a 150.12 buy point, according to MarketSurge chart analysis. It's working on a possible flat base but will need another week. MasTec is an infrastructure and construction services firm with segments including communications, oil and gas and clean energy. The communications segment performs engineering, construction, maintenance, and customer fulfillment activities related to communications infrastructure — primarily for wireless and wireline/fiber communications. The firm is also involved in electric utility transmission and distribution along with heavy civil works projects and industrial infrastructure. The company reported better-than-expected third-quarter earnings on Oct. 31, while revenue came in a little light. MasTec Q3 profit grew 70% and analyst consensus has Q4 EPS jumping 86%, according to FactSet. Analysts project annual 2024 profit increasing more than 80% and surging 160% in 2025, compared to 2023 levels. Truist analysts on Dec. 19 raised the price target on MasTec to 189 from 173, keeping a buy rating on the stock as part of a broader research note previewing 2025 for machinery and infrastructure services industrials. The price target hike represents further 36% upside for the stock. The firm wrote that after a strong 2024, the anticipated large-scale investment in infrastructure, renewable energy and data center projects supports continued long term secular growth among infrastructure services names. The stock has gained more than 80% in 2024 while the 21 stocks in the industry group have collectively advanced 70% this year. MasTec stock has a robust 91 Composite Rating. The stock also has a 91 Relative Strength Rating and a 69 EPS Rating. Vertex Stock VERX shares sank 2.1% to 52.71 during Friday's stock market action, but came off lows after undercutting the lows of its recent pullback. The financial software maker is back below its 21-day moving average. A move above Friday's high of 54.48 would break a short downtrend, offering an early entry. Vertex stock is working on a possible new base, but needs more time. Shares also could test a rising 10-week line. Vertex stock had several high volume gains throughout November, with several . Several ANTS marks on a chart can be a signal to consider some profits in the short term. But it's also a reason to watch for a new base. The stock surged more than 30% in November but is down less than 1% in December. On Dec. 18, Stifel analyst Brad Reback raised the firm's price target on Vertex to 58 from 52 and maintained a buy rating. Reback wrote that after a bumpy start to 2024, the year is "ending on a higher note" for the enterprise software group. The analyst expects management to take a more conservative approach to Q1 guidance, but overall believes that "in general top-line growth rates should at least mirror what we have seen during the back half of 2024 due to many of the above mentioned factors." Overall, the corporate tax compliance software maker has had a successful 2024, gaining around 100% so far. Recent acquisitions have helped the investment case for Vertex. At the end of 2023, Vertex announced plans to acquire e-invoicing leader for $555 million. In June, the company acquired tax-specific AI technology and on Aug. 7, the company announced its intent to acquire Ecosio GmbH, an Austrian company that provides electronic data interchange and e-invoicing services. Vertex stock has a perfect 99 Composite Rating. The stock also has a 95 Relative Strength Rating and a 93 EPS Rating.
Russia's state energy giant Gazprom on December 28 said it would cease gas deliveries to Moldova at the end of this year because of a dispute over debt with the small Balkan nation that is aligned with the West. Moldovan Prime Minister Dorin Recean condemned Gazprom's decision, describing it as "an oppressive tactic" through which Russia "uses energy as a political weapon" and said he would pursue international legal means to fight it. The head of Moldovagaz said that, as early as December 2022, the entire volume of gas supplied by Gazprom was intended for the Moscow-backed separatist region, Transdniester , located on the left bank of the Dniester River. To read the original story by RFE/RL’s Moldovan Service, click here . Drone attacks and fighting intensified in Ukraine and Russia on December 28, while Ukrainian President Volodymyr Zelenskiy accused Slovakia's prime minister of taking "orders" from the Kremlin to harm Kyiv and his own people as an energy feud heightened as well. "It appears that [Russian President Vladimir] Putin gave [Robert] Fico the orders to open the second energy front against Ukraine at the expense of the Slovak people's interests," Zelenskiy wrote on social media. "Fico's threats to cut off Ukraine's emergency power supply this winter while Russia attacks our power plants and energy grid can only be explained by this." The comments came after Fico on December 27 threatened to halt supplies of electricity to Ukraine if Kyiv blocks transit of Russian gas to Slovakia. Ukraine has announced it will not extend the transit contract of Russian state-owned company Gazprom after January 1 -- ceasing deliveries of gas to several European nations -- as the West looks to cut off the Kremlin's source of funding for the war. The transport deal was signed before Russia's full-scale invasion of Ukraine began in February 2022, and most European nations have since begun developing alternative sources of gas, although Fico says finding alternatives would be too costly for Slovakia. Fico, along with Hungarian leader Viktor Orban, has angered the West by continuing to have close ties to Putin despite U.S. and EU sanctions. Fico visited Putin in Moscow earlier this week and has offered to host potential peace talks between Ukraine and Russia. Zelenskiy said Slovakia accounts for nearly 20 percent of Ukraine's power imports. "Slovakia is part of the single European energy market and Fico must respect common European rules," Zelenskiy wrote. "Any arbitrary decisions in Bratislava or Moscow's orders to Fico regarding electricity cannot cut Ukraine's power supply, but they can certainly cut current Slovak authorities' ties to the European community," he added, suggesting the move would deprive Slovakia itself of some $200 million a year. Meanwhile, as Russia's full-scale invasion grinds on toward its fourth year, Ukraine and Russia exchanged accusations of drone attacks in several regions as battlefield clashes intensified along the front lines, with the "hottest" fighting reported around the embattled Ukrainian city of Pokrovsk. Russian air defenses destroyed 56 drones overnight, the Defense Ministry said on December 28. It said 28 drones were shot down in the Rostov region, 17 in the Voronezh region, and 11 in the Belgorod region, where local officials reportedly said two residents of a village were injured by shrapnel from a blast. The Russian claims could not be independently verified. A Russian occupation official said on Telegram that four people were wounded in what he said was a Ukrainian drone attack that hit a car in the Russian-held city of Nova Kakhovka in Ukraine’s Kherson region early in the morning. In Mykolayiv, the Ukrainian-held capital of a region adjacent to Kherson, the military said Ukrainian defenders had neutralized all 16 drones launched by Russia on December 28. "Of the 16 UAVs launched, 15 were shot down, another one was a simulator. All 15 were shot down in the Mykolaiv region," the Ukrainian Air Force said Earlier, a Russian drone attack in the city caused fires on the roof of a five-story residential building and on the grounds of a commercial enterprise, regional governor Vitaliy Kim said on Telegra. He said that nobody was hurt, and that the military had destroyed 12 drones over the region overnight . Russia and Ukraine have used drones regularly since Russia launched the full-scale invasion of its neighbor in February 2022. There are mounting suspicions that the crash of a Azerbaijan Airlines passenger jet earlier this week near Aqtau, Kazakhstan, that killed 38 of the 67 people aboard was caused by Russian air-defense systems on alert for Ukrainian drone attacks on the Chechnya region, where the jet was due to land in Grozny before it was diverted across the Caspian Sea. Ukraine said its forces struck a "protected facility" of the Russian military in the Oryol region near the border with Ukraine. It said the target was a warehouse holding Iranian-made Shahed drones. Also on December 28, the Russian Federal Security Service (FSB) claimed it had thwarted a plot to kill a high-level Russian military officer and an unnamed Russian “war blogger” who writes about the invasion. The FSB, whose claim could not be independently verified, said it had arrested a Russian man it said was acting under instructions from Ukrainian military intelligence. It said it had found a cache outside Moscow with an improvised explosive device camouflaged as a stereo speaker. There was no immediate comment from Ukraine on the FSB claim, which came 11 days after the general who headed Russia's Nuclear, Biological, and Chemical Defense Forces (RKhBZ) was killed, along with an assistant, by a bomb concealed in a scooter. A source at Ukraine's SBU security service told RFE/RL that the blast that killed Lieutenant General Igor Kirillov and his assistant was the result of a special operation by the Ukrainian agency. Germany's foreign minister described the suspected sabotage of a Baltic Sea power cable as a "wake-up call" for the West and urged the European Union to impose new sanctions targeting what is known as Russia's " shadow fleet ." Meanwhile, a media outlet focusing on shipping news and intelligence reported that the ship suspected of damaging the cable linking Finland and Estonia on December 25 was equipped with "special transmitting and receiving devices that were used to monitor naval activity." The Eagle S "had transmitting and receiving devices installed that effectively allowed it to become a 'spy ship' for Russia," Lloyd's List reported on December 27, citing "a source familiar with the vessel who provided commercial maritime services to it as recently as seven months ago." Finland seized the Eagle S on December 26, citing suspicions that it caused an outage of the Estlink 2 undersea power cable and damaged four Internet lines. Finnish investigators said the ship may have caused the damage by dragging its anchor along the sea floor. Finnish and EU officials say the Eagle S is believed to belong to a "shadow fleet" of old, uninsured oil vessels used to bypass Western sanctions and maintain a source of revenue for Russia's economy and its war against Ukraine. The poor condition of these ships has also raised concerns about environmental disasters. "The suspected vessel is part of Russia’s shadow fleet, which threatens security and the environment , while funding Russia's war budget," the European Commission said on December 26, suggesting the incident was part of a deliberate effort to damage "critical infrastructure" in Europe. "We will propose further measures, including sanctions, to target this fleet." In comments on December 28, German Foreign Minister Annalena Baerbock urged "new European sanctions against the Russian shadow fleet," which she said is "a major threat to our environment and security" that is used by Russia "to finance its war of aggression in Ukraine." "Almost every month, ships are damaging major undersea cables in the Baltic Sea," Baerbock said in a statement to the Funke media group. "Crews are leaving anchors in the water, dragging them for kilometers along the seafloor for no apparent reason, and then losing them when pulling them up.” "It's more than difficult to still believe in coincidences," she said. "This is an urgent wake-up call for all of us." TBILISI -- Georgian President Salome Zurabishvili joined thousands of pro-West demonstrators on the streets of Tbilisi to protest the Georgian Dream-led government's moves to delay closer integration with the European Union and its perceived tilt toward Russia. The December 28 rally came at a potentially explosive time in the South Caucasus nation as Zurabishvili has vowed not to step down at the end of her term on December 29, claiming her successor -- chosen by an electoral college dominated by Georgian Dream -- was "illegitimate." Zurabishvili and demonstrators, waving Georgian and EU flags, marched along the Saarbruecken Bridge in the capital, joined by members of parliament from allied countries, including Poland and Lithuania, to form a "chain of unity." The rally marked one month since the start of the recent wave of anti-government protests, which have been met with violent police action, injuries, and mass arrests by Georgian authorities. Protesters accuse the government of the Georgian Dream party of moving the country away from the EU and closer to Moscow. The political crisis erupted after Georgian Dream claimed victory in October parliamentary elections that the Organization for Security and Cooperation in Europe (OSCE) said was marred by instances of vote-buying, double-voting, physical violence, and intimidation. The rallies intensified after a government decision last month to delay negotiations on Georgia joining the EU. On December 24, Human Rights Watch called for Georgian security forces to be investigated for the "brutal police violence" against largely peaceful protesters who have taken to the streets for the demonstrations. On December 27, the United States said it had slapped fresh sanctions on Russia-friendly billionaire Bidzina Ivanishvili, a former prime minister and the founder of the Georgian Dream party, for undermining Georgia's democracy for the "benefit of the Russian Federation." "Under Ivanishvili's leadership, Georgian Dream has advanced the interests of the Kremlin by derailing Georgia’s Euro-Atlantic trajectory -- in direct contradiction to what was envisioned by the Georgian people and the Georgian Constitution," U.S. Secretary of State Antony Blinken said. The action prompted anger from the Georgian Dream party, while the Georgian opposition hailed the action and called on the EU to also move against Ivanishvili and other Georgian leaders. Zurabishvili -- who has spilt with the government and backed the protesters early in the wave of rallies -- on December 22 called on Georgian Dream to set a date for new parliamentary elections by December 29. U.S. Republican House member Joe Wilson on December 27 wrote on X that he welcomed the new sanctions and added that he had invited Zurabishvili -- "as the only legitimate leader in Georgia" -- to Donald Trump's presidential inauguration on January 20. "I am in awe of her courage in the face of the assault by Ivanishvili and his friends" in China and Iran, Wilson added, without mentioning Russia. Earlier this month, an electoral college dominated by Georgian Dream chose Mikheil Kavelashvili, a 53-year-old former soccer player and right-wing populist, as Georgia's next president. His inauguration is supposed to take place on December 29, though the 72-year-old Zurabishvili, whose term ends this year, has said she will not step down, setting up a potentially explosive showdown. "Next week at this time, I will be president," Zurabishvili restated on December 27. Georgia received EU candidate status in December 2023, but ties with Brussels have been tense in recent months following the adoption in May of a controversial "foreign agent" law pushed through parliament by Georgian Dream, which has been in power since 2012. Afghanistan's Taliban-led government said Taliban forces targeted what it claimed were "centers and hideouts for malicious elements" it said were involved in a recent attack in Afghanistan, as an upsurge of cross-border fighting continues. The statement from the Taliban's Defense Ministry followed reports of deadly early morning clashes on December 28 between Taliban forces and Pakistani border guards. It came days after the government said Pakistani aircraft bombed targets in Afghanistan in an attack it said killed dozens of civilians. The ministry gave few details about the strikes, which it said were launched against targets in several districts behind the "hypothetical line" -- a reference to a portion of the border with Pakistan that Afghan authorities have long disputed. Local sources told RFE/RL's Radio Azadi that three people in Paktia Province were killed and two wounded by gunfire from Pakistani border guards, and that clashes also took place in the Khost province. The reports could not be independently verified. There was no immediate comment from the Pakistani government. But the head of a community in the Kurram district told RFE/RL's Radio Mashaal that Taliban forces fired rockets at two security posts near the border at about 6 a.m., setting off fighting that continued for several hours. The Taliban's Defense Ministry suggested the strikes on Pakistan were retaliation for what the Taliban-led government said were Pakistani air strikes that killed 46 civilians in Paktika Province, which also borders Pakistan, on December 24. Pakistan says that militants from the Islamist group Tehrik-e Taliban Pakistan (TTP) are hiding across the border in Afghanistan, and Islamabad has repeatedly asked the Afghan Taliban to take action against them. The Afghan Taliban say the TTP is in Pakistan. There has been a steady increase in TTP attacks in Pakistan’s northwestern Khyber Pakhtunkhwa Province since the Taliban returned to power in Kabul in August 2021 following the withdrawal of U.S.-led forces from Afghanistan. Authoritarian ruler Alyaksandr Lukashenka extended a wave of pardons ahead of a January presidential election in Belarus, ordering the release of 20 prisoners jailed on extremism charges his opponents and rights groups say were politically motivated. Lukashenka's press service suggested the pardons were issued on humanitarian grounds, saying 14 of those ordered released have chronic illnesses and 10 of them have children. It said 11 of the 20 are women. The press service claimed the prisoners had all sought pardons and expressed remorse, an assertion that could not be independently verified. It said that authorities would "monitor their behavior following their release." Since July, Lukashenka has pardoned more than 225 people whom activists consider political prisoners. Rights groups have recognized nearly 3,600 people as political prisoners since the state launched a massive crackdown when pro-democracy protests erupted after Lukashenka, in power since 1994, claimed a landslide victory in an August 2020 election that millions believe was stolen though fraud . Many of those have served out their sentences. Ahead of a January 26 election in which he is certain to be awarded a new term, Lukashenka may be seeking to signal to the West that he is easing off on the persistent clampdown that the state has imposed since the 2020 election. But the crackdown continues, with frequent arrests and trials on what activists say are politically motivated charges. At least 1,253 people whom rights groups consider political prisoners remain behind bars, and the real number is believed to be higher. Lukashenka has roped Belarus closely to Russia and has provided support for Russia's war on neighboring Ukraine, including by allowing Russian forces to invade from Belarusian territory, and he says Russian nuclear weapons have been deployed in Belarus. But over 30 years in power, he has often tried to capitalize on Belarus’ position between Russia in the east and NATO and the European Union to the west and north. Russian President Vladimir Putin has apologized over the crash of an Azerbaijan Airlines passenger plane this week, the Kremlin said, amid growing evidence that the jet was hit by a Russian air-defense missile in the Chechnya region before it went down in Kazakhstan, killing 38 of the 67 people on board. In a phone call with Azerbaijani President Ilham Aliyev, Putin said Russian air defenses were repelling an alleged Ukrainian drone attack on Chechnya’s capital, Grozny, when the plane was trying to land at the airport there, a Kremlin statement said. Putin "conveyed his apologies in connection with the fact that the tragic incident occurred in Russian airspace," the statement said, indicating that Putin acknowledged the plane was damaged over Chechnya but stopped short of stating a Russian missile strike was the cause. "In the conversation, it was noted that...the aircraft tried more than once to approach the Grozny airport for landing," it said, adding that “at this time, Ukrainian combat drones were attacking Grozny [and the nearby cities of] Mozdok and Vladikavkaz, and Russian air-defense systems were repelling these attacks." Russia's Investigative Committee has opened a criminal investigation into the possible violation of flight safety rules, the statement said. It said two Azerbaijani prosecutors were working with Russian law enforcement in Grozny and that Russian, Azerbaijani, and Kazakh authorities were working together at the crash site near Aqtau, Kazakhstan. The Kremlin statement is likely to further increase suspicions that a Russian missile damaged the Embraer-190 jet before it was diverted to Aktau, across the Caspian Sea from Chechnya, where it crashed near the shore after a steep descent and burst into flames. Evidence of a missile strike includes footage of damage inside the plane before the crash and images of the hole-pocked tail section after the crash, as well as comments from survivors who said they heard at least one explosion outside the plane over Chechnya. Azerbaijani lawmaker Hikmat Babaoghlu told RFE/RL on December 27 that there is a "very strong" possibility that the plane was damaged by a Russian air-defense missile. He said that the "observations and conclusions drawn so far support the idea that the plane being shot down is the closest to the truth." On the same day, White House spokesman John Kirby said U.S. experts "have seen some early indications that would certainly point to the possibility that this jet was brought down by Russian air-defense systems." Reuters quoted an Azerbaijani source familiar with the investigation as saying results indicated the plane was hit by a Pantsir-S air-defense system, a self-propelled antiaircraft gun and missile system designed by Russia. The crash has disrupted air traffic in the Caucasus and beyond. An Azerbaijan Airlines flight bound for the Russian spa town of Mineranlye Vody, not far from Grozny, took off from Baku on December 27 but then abruptly headed back after receiving a flight information notice that Russian airspace it was due to fly through was closed. Azerbaijan Airlines later said it is suspending flights to several Russian cities, including Mineralnye Vody, Sochi, Volgograd, Ufa, Samara, Grozny, and Makhachkala. Turkmenistan Airlines announced on December 28 that it was canceling all its flights between the capital, Ashgabat, and Moscow from December 30 to January 31, giving no reason for the decision. Turkmenistan borders Kazakhstan on the eastern shore of the Caspian. Also on December 28, Russia’s aviation authority, Rosaviatsia, said that restrictions were briefly placed on the operation of the airport in the Tatarstan regional capital, Kazan, to ensure flight safety, and media reports said that all departures and arrivals had been suspended. Flights heading to Kazan from the Siberian cities of Tomsk, Surgut, and Kemerovo were redirected to an airfield in Nizhnekamsk, Russian state news agency TASS reported, citing the airport's press service. No specific reason was given for the measures, which Rosaviatsia said had been lifted a few hours later. Russia has closed airports at times due to alleged drone attacks, and a drone attack hit high-rise buildings in Kazan on December 21. NATO has said it would bolster its presence in the Baltic Sea after undersea power lines and Internet cables were damaged by suspected sabotage believed to be carried out by vessels belonging to Russia’s so-called “ shadow fleet .” Estonia also announced on December 27 that it had begun a naval operation to guard a crucial electricity line in the Baltic Sea in coordination with allies as tensions mounted in the region. NATO Secretary-General Mark Rutte said in a social media post following discussions with Finnish President Alexander Stubb that "NATO will enhance its military presence in the Baltic Sea." Both Finland and Estonia have coastlines on the Baltic Sea. When asked for details about planned actions, NATO officials told AP that the alliance “remains vigilant and is working to provide further support, including by enhancing our military presence” in the region. "We have agreed with Estonia, and we have also communicated to NATO Secretary-General Mark Rutte, that our wish is to have a stronger NATO presence," Stubb told a news conference. Stubb added that investigators did not want to jump to conclusions, but a day earlier he had said that "it is necessary to be able to prevent the risks posed by ships belonging to the Russian 'shadow fleet.'" The "shadow fleet" is a reference to old, uninsured oil vessels typically used to bypass Western sanctions on Russia and maintain a source of revenue. European government and the United States have accused Russia of intensifying "hybrid attacks" following reports of damage to Baltic Sea communications cables, although they have not yet directly tied Moscow to the damage. NATO stepped up monitoring critical infrastructure in the Baltic following Russia's full-scale invasion of Ukraine in 2022 and the destruction of the Nord Stream natural gas pipeline seven months later. Chinese-linked ships have also been suspected of sabotaging undersea infrastructure over recent years. Sweden -- NATO's newest member, which also has a coastline on the Baltic Sea -- said its coast guard had stepped up surveillance of sea traffic and had deployed aircraft and vessels in concert with regional allies. The European Commission on December 26 said a cargo ship suspected of having deliberately damaged power and Internet cables in the Baltic Sea was part of Russia's "shadow fleet." The poor condition of these ships has also raised concerns about environmental disasters. Finnish authorities on December 26 boarded and took command of the Cook Islands-registered Eagle S oil tanker in the Baltic Sea as part of its investigation into the damages, saying it likely belong to the "shadow fleet." Investigators have said the damage could have been caused by the ship intentionally dragging its anchor. The Kremlin said it had no connection to the ship seized by Finland. It has regularly denied that it is involved in any of the many incidents involving Baltic Sea region infrastructure assets. The United States said it has slapped fresh sanctions on Russia-friendly billionaire Bidzina Ivanishvili, a former prime minister and the founder of the ruling Georgian Dream party, for undermining Georgia's democracy for the "benefit of the Russian Federation." "Under Ivanishvili's leadership, Georgian Dream has advanced the interests of the Kremlin by derailing Georgia’s Euro-Atlantic trajectory -- in direct contradiction to what was envisioned by the Georgian people and the Georgian Constitution," U.S. Secretary of State Antony Blinken said in a statement on December 27. Blinken added that "Ivanishvili and Georgian Dream's actions have eroded democratic institutions, enabled human rights abuses, and curbed the exercise of fundamental freedoms in Georgia." "We strongly condemn Georgian Dream's actions under Ivanishvili's leadership, including its ongoing and violent repression of Georgian citizens, protesters, members of the media, human rights activists, and opposition figures." The new measures will block transactions involving entities owned by Ivanishvili, the statement said. According to Bloomberg News, Ivanishvili's fortune is estimated at $7.5 billion, much of it coming through metals, banking, and telecom assets in Russia during the 1990s. Prime Minister Irakli Kobakhidze called the U.S. action "blackmail" and said it was Ivanishvili's "reward" for protecting Georgia's national interest. However, opposition leader Giorgi Vashadze of the Unity National Movement hailed the U.S. decision, according to Georgia's Interpress news agency. "I welcome this step from the United States and believe that we are quickly moving toward victory and will celebrate Georgia without Ivanishvili, who is the bringer of chaos and misery to this country," he was quoted as saying. In a previous action, the United States on December 12 said it would "prohibit visa issuance to those who are responsible for, or complicit in, undermining democracy in Georgia." That move affected some 20 people, "including individuals serving as government ministers and in parliament, law enforcement and security officials, and private citizens," it said in a statement , without naming the individuals. Georgia, once a closer U.S. ally, has angered Washington and the European Union with its perceived tilt toward Russia and its violent crackdown on dissent in the Caucasus nation. The sanctions come at a crucial time, as Georgia's fate hangs in the balance -- whether it will intensify its tilt toward Moscow, return to the pro-Europe path, or remain in an environment of unrest and uncertainty. Police in Tbilisi have clashed with pro-West protesters over the past several weeks, detaining dozens and injuring scores of people who accuse the government of the Georgian Dream party of moving the country away from the European Union and closer to Moscow. The political crisis erupted after Georgian Dream claimed victory in October parliamentary elections that the Organization for Security and Cooperation in Europe (OSCE) said was marred by instances of vote-buying, double-voting, physical violence, and intimidation. The rallies intensified after a government decision last month to delay negotiations on Georgia joining the EU. The New York-based Human Rights Watch (HRW) on December 24 called for Georgian security forces to be investigated for the “brutal police violence” against largely peaceful protesters who have taken to the streets for huge anti-government demonstrations. Georgian President Salome Zurabishvili – who has spilt with the government and backed the protesters -- on December 22 called on Georgian Dream to set a date for new parliamentary elections by December 29. "Next week at this time I will be president," Zurabishvili restated on December 27. U.S. Republican House member Joe Wilson wrote on X that he welcomed the new sanctions and added that he had invited Zurabishvili -- "as the only legitimate leader in Georgia" -- to Donald Trump's presidential inauguration on January 20 "I am in awe of her courage in the face of the assault by Ivanishvili and his friends" in China and Iran, Wilson added, without mentioning Russia. Earlier this month, an electoral college dominated by Georgian Dream chose Mikheil Kavelashvili, a 53-year-old former soccer player and right-wing populist, as Georgia's next president. His inauguration is supposed to take place on December 29, though the 72-year-old Zurabishvili, whose term ends this year, has said she will not step down, setting up a potentially explosive showdown. Georgia received EU candidate status in December 2023, but ties with Brussels have been tense in recent months following the adoption in May of a controversial "foreign agent" law pushed through parliament by Georgian Dream, which has been in power since 2012. PODGORICA -- After a multinational back-and-forth legal battle, Montenegro on December 27 said it would extradite South Korean cryptocurrency entrepreneur Hyeong Do Kwon -- the so-called Crypto King -- to the United States. Do Kwon is sought by both the United States and South Korea and also faces possible legal action in Singapore. Montenegrin courts have previously issued at least eight often-contradictory decisions regarding Do Kwon's fate. In September, the Montenegrin Supreme Court ruled that Do Kwon could be sent to either the United States or South Korea and that the final decision on which country would be up to Justice Minister Bojan Bozovic. On December 24, Do Kwon lost his final appeal against extradition with Montenegro's Constitutional Court. In the latest ruling, the Justice Ministry said the U.S. request had met the threshold for removal and, as a result Bozovic "issued a decision approving the extradition." The ministry said the criteria included the gravity of the criminal acts, the order of submission of the extradition requests, and the citizenship of the person in question. The former CEO and co-founder of the cryptocurrency company Terraform Labs is wanted by U.S. and South Korean authorities for his alleged role in capital market and securities fraud involving assets worth some $40 billion. Do Kwon was arrested with business partner Chang Joon in March 2023 at Podgorica airport while attempting to fly to Dubai using on allegedly forged passports. They each received a four-month prison sentence on the forged-passport charge. Chang, who was wanted only by South Korea, was extradited to that country on February 5. After serving his sentence, Do Kwon was sent to a shelter for foreigners near Podgorica, where he awaited extradition. Do Kwon in October claimed that the South Korean charges were illegitimate and "politically motivated." Despite the legal struggle, Do Kwon's trial in absentia took place in the United States, where a New York jury on April 5 found him and Terraform labs liable on civil fraud charges, agreeing with the U.S. Securities and Exchange Commission that they had misled investors. Terraform Labs agreed to pay about $4.5 billion in a civil settlement with the SEC following the court's ruling. Do Kwon was ordered to pay $204 million. Following the verdict, a Terraform spokesperson said, "We continue to maintain that the SEC does not have the legal authority to bring this case at all" and that the company was weighing its options. Italy’s Foreign Ministry said journalist Cecilia Sala, who was in Iran to carry out "journalistic activities," has been detained by Tehran police authorities. The ministry said in a statement on December 27 that Sala, who has a podcast called Stories that covers life in places around the world, was detained on December 19. It gave no reason for the detention, but said in a statement that the ambassador from Italy's embassy in Tehran had paid a consular visit "to verify the conditions and state of detention of Sala." "The family was informed of the results of the consular visit. Previously, Sala had the opportunity to make two phone calls with her relatives," it said. Sala posted a podcast from Tehran on December 17 about patriarchy in the Iranian capital. Iran is routinely accused of arresting dual nationals and Western citizens on false charges to use them to pressure Western countries. Earlier this month, Reza Valizadeh , a dual U.S.-Iranian citizen and former journalist for RFE/RL's Radio Farda, was handed a 10-year sentence by Tehran's Revolutionary Court on charges of "collaborating with a hostile government." Valizadeh resigned from Radio Farda in November 2022 after a decade of work. He returned to Iran in early 2024 to visit his family but was arrested on September 22. His two court sessions, held on November 20 and December 7, reportedly lacked a prosecution representative, with the judge assuming that role. Sources close to the journalist claim he fell into a "security trap" despite receiving unofficial assurances from Iranian security officials that he would not face legal troubles upon returning to Iran. Iran is among the most repressive countries in terms of freedom of the press. Reporters Without Borders ranked Iran 176th out of 180 countries in its 2024 World Press Freedom Index. The Paris-based media watchdog says Iran is now also one of the world’s biggest jailers of journalists. An Azerbaijani lawmaker said there is a "very strong" possibility that the crash of a passenger jet earlier this week was caused by Russian air-defense systems on alert for Ukrainian drone attacks. Speculation has mounted that the Azerbaijan Airlines plane, which was headed from Baku to Grozny, the capital of Russia’s Chechnya region, may have been hit by an air-defense missile before crossing the Caspian Sea and crashing near Aqtau, Kazakhstan, killing 38 passengers and crew. Lawmaker Hikmat Babaoghlu told RFE/RL's Azerbaijani Service in an interview on December 27 that such an explanation is most likely "closest to the truth." "This is only a possibility, but a very strong one, and the observations and conclusions drawn so far support the idea that the plane being shot down is the closest to the truth," he said. "In this specific case, the incident involves Azerbaijan's airliner being damaged within the territory of the Russian Federation, with the event causing the crash occurring there. Therefore, there is no doubt that responsibility falls on the Russian Federation. If these assumptions are correct, accountability also undoubtedly rests with Russia," he added. Kazakh experts arrived on December 27 to examine the crash site and black box of the ill-fated passenger jet, as speculation -- and evidence -- mounted suggesting that a Russian air-defense missile may have inadvertently struck the craft. Even as the probe intensifies, countries with victims aboard the plane -- Azerbaijan, Kazakhstan, Russia, and Kyrgyzstan -- continue to mourn their dead and treat the injured from the crash of the Embraer 190 aircraft. Since the crash, uncertainty has rocked the aviation industry throughout the Caucasus. An Azerbaijan Airlines flight bound for the Russian spa town of Mineranlye Vody took off from Baku on December 27 but then abruptly headed back after receiving a flight information notice that Russian airspace it was due to fly through was closed . Azerbaijan Airlines later said it is suspending flights to several Russian cities, including Mineralnye Vody, Sochi, Volgograd, Ufa, Samara, Grozny, and Makhachkala. Speculation has swirled around the tragedy, with some experts pointing to holes seen in the plane's tail section as a possible sign that it could have come under fire from Russian air-defense systems engaged in thwarting Ukrainian drone attacks. White House spokesman John Kirby told reporters on December 27 that the United States has seen signs suggesting that the jet could have been hit by Russian air defense systems. U.S. experts "have seen some early indications that would certainly point to the possibility that this jet was brought down by Russian air defense systems," he said. Kirby added that Washington has “offered our assistance...should they need it" to the ongoing investigation being conducted by Azerbaijan and Kazakhstan. Evidence, yet to be corroborated by authorities, includes footage from inside the plane before the crash, images of the hole-pocked tail section after the crash, a survivor's comments, and accounts indicating there was a suspected drone attack around the time the plane apparently tried to land in Grozny. Reuters quoted an Azerbaijani source familiar with the investigation as saying results indicated the plane was hit by a Pantsir-S air-defense system, a self-propelled antiaircraft gun and missile system designed by Russia. It was not immediately clear where the black box would be examined. The process can be highly technical, and not all countries have the resources to undertake such work. Gulag Aslanli, a leader of Azerbaijan's opposition Musavat party, told RFE/RL that an international commission was needed to investigate the incident. "Russia cannot be allowed there," he said. "If the black box is going to be taken to Russia and examined there, I will look at its outcome with suspicion." Officials said it typically takes about two weeks to fully assess a black box, although various conditions can alter that time frame. Commenting on unconfirmed reports that the plane may have been shot down by a missile, Kazakh Senate Speaker Maulen Ashimbaev said it was "not possible" to say what may have damaged the aircraft until the investigation is finished. "Real experts are looking at all this, and they will make their conclusions. Neither Kazakhstan, Russia, nor Azerbaijan, of course, is interested in hiding information, so it will be brought to the public," Ashimbaev said. Kremlin spokesman Dmitry Peskov made a similar comment, reiterating Moscow's previous stance on the deadly incident. "An investigation is under way, and until the conclusions of the investigation, we do not consider we have the right to make any comments and we will not do so," Peskov told reporters on December 27. Russia's Interfax news agency quoted Russian officials as saying the plane, commissioned in 2013, had passed a maintenance check in October and that the pilot had "vast experience" with more than 15,000 flying hours. Azerbaijan Airlines President Samir Rzayev also told reporters the plane had been fully serviced in October and that there was no sign of technical malfunction. But he said it was too early to determine a cause: "The plane has been found with a black box. After detailed research, all aspects will be clear." The airline suspended flights along the route of the crash pending completion of the investigation. Azerbaijan's Prosecutor-General's Office said that "all possible scenarios are being examined." As the first seven survivors arrived back in the country on December 26, Azerbaijan observed a national day of mourning. Burials of four of those who lost their lives were conducted during the day, with additional funerals expected in the coming hours and days. Officials in Baku said the wounded arrived on a special flight arranged by Azerbaijan's Emergency Affairs Ministry and that the injured, many with severe burn wounds, were accompanied by medical professionals. Ayhan Solomon, Azerbaijan’s chief consul in Aqtau, told reporters that 26 of those killed were Azerbaijani citizens. He said 16 Azerbaijani citizens survived. “Of those, 10 to 12 are in good condition and others remain critically stable,” he added. Azerbaijan Airlines' supervisory board said on December 26 that the families of those killed will be compensated with 40,000 manats ($23,460), while those injured would receive 20,000 manats ($11,730). Along with the 42 Azerbaijani citizens, those aboard Flight J2-8243 were listed as 16 Russian nationals, six from Kazakhstan, and three Kyrgyz citizens, officials said. The survivors include nine Russian citizens, who were flown to Moscow on December 26 by the Russian Emergency Situations Ministry. Three of the Russian survivors were in critical condition, according to Russian health authorities. KYIV -- Ukrainian President Volodymyr Zelenskiy said “several” North Korean soldiers – badly wounded in fighting alongside Russian forces – have died after being captured by Ukrainian troops on the battlefield and he accused Moscow of having little regard for their survival. Zelenskiy, echoing earlier remarks by U.S. officials, said soldiers sent to Russia by Pyongyang are suffering major losses in fighting in Russia's Kursk region. The Ukrainian leader accused Moscow and North Korean “enforcers” of leaving the soldiers unprotected in battle and even executing fighters to prevent them from being captured alive. He did not provide evidence to back up the claims and they could not independently be verified. The North Korean military has suffered “many losses. A great deal. And we can see that the Russian military and the North Korean enforcers have no interest in the survival of these Koreans at all,” he said in a video address on December 27. “Everything is arranged in a way that makes it impossible for us to capture the Koreans as prisoners – their own people are executing them. There are such cases. And the Russians send them into assaults with minimal protection.” He said Ukrainian soldiers had managed to take some prisoners. "But they were very seriously wounded and could not be saved.” The remarks came after South Korea’s National Intelligence Service said that a North Korean fighter had died of wounds suffered before his capture by Ukrainian special operations troops in the Kursk region. "We have confirmed through an allied intelligence agency that a North Korean soldier who was captured on the 26th died a little while ago due to serious injuries," the news release said. On December 26, the Ukrainian news outlet Militarnyi said a soldier believed to be North Korean had been captured by Ukrainian Special Operations Forces in the Kursk region. A photo of a captured soldier, who is believed to have been injured, also was previously shared on Telegram. The photo has not been independently verified. Details about the soldier's condition and status are not known. Last month Pyongyang ratified a "comprehensive strategic partnership" agreement with Russia, cementing a deal that paved the way for its soldiers to fight on Russian soil against Ukraine. Western sources estimate that 12,000 North Korean troops are in the Kursk region, parts of which are occupied by Ukrainian forces amid ongoing pitched battles. U.S. Response White House spokesman John Kirby told reporters on December 27 that North Korean forces are suffering heavy casualties on the front lines, adding that some 1,000 of their troops have been killed or wounded in the Kursk region over the past week. "It is clear that Russian and North Korean military leaders are treating these troops as expendable and ordering them on hopeless assaults against Ukrainian defenses," Kirby said. Kirby said also U.S. President Joe Biden would likely approve another package of military aid for Kyiv in the coming days as he bids to bolster Ukraine’s forces before leaving office on January 20. U.S. officials later told reporters that a new package of military assistance worth $1.25 billion is scheduled to be announced on December 30. North Korean Losses Zelenskiy on December 23 said more than 3,000 troops, or about a quarter of the North Korean special forces sent to Russia, had been killed or injured, though he couched his statement by saying the data was preliminary. South Korea’s National Intelligence Service reported on a lower figure, saying on December 19 that about 1,100 North Korean special forces have been killed or injured in Russia since entering the fray against Ukraine. On December 15, Skhemy (Schemes), an investigative unit of RFE/RL's Ukrainian Service, received photos from Ukrainian military sources purportedly showing the bodies of dead soldiers in Kursk, including what was said to be North Korean fighters. RFE/RL has not been able to independently verify the claims. Russia has not commented on the report. North Korean military support is coming at a critical time in the war. Russia is seeking to overpower an undermanned and under-resourced Ukrainian infantry and gain territory before its own manpower and resources become constrained. Russia has lost more than 600,000 soldiers in the nearly three-year war, the Pentagon said in early October. It has burned through so much war material that it is struggling to replace its artillery and missile needs amid sweeping Western sanctions. Now nearly two-thirds of the mortars and shells Russia launches at Ukraine come from North Korea, the Wall Street Journal reported , citing Andriy Kovalenko, a Ukrainian Army officer. And every third ballistic missile was made in North Korea, Ukrainian officials said. The European Commission said a cargo ship suspected of having deliberately damaged power and Internet cables in the Baltic Sea is part of Russia's so-called "shadow fleet," prompting the EU to threaten new sanctions against Moscow. "We strongly condemn any deliberate destruction of Europe’s critical infrastructure," the commission said in a statement on December 26. "The suspected vessel is part of Russia’s shadow fleet, which threatens security and the environment, while funding Russia’s war budget. We will propose further measures, including sanctions, to target this fleet," the statement added. The statement added that "in response to these incidents, we are strengthening efforts to protect undersea cables, including enhanced information exchange, new detection technologies, as well as in undersea repair capabilities, and international cooperation." The remarks come after two fiber-optic cables owned by Finnish operator Elisa linking Finland and Estonia were broken on December 25. A third link between the two countries -- owned by China's Citic -- was damaged, authorities said. An Internet cable running between Finland and Germany belonging to Finnish group Cinia was also believed to have been severed, according to officials. Investigators said the damage could have been caused by the ship intentionally dragging its anchor. Finnish authorities on December 26 boarded and took command of the Cook Islands-registered Eagle S oil tanker in the Baltic Sea as part of the investigation. The Finnish customs service said the Eagle S is believed to belong to Russia's so-called “shadow fleet” of old, uninsured oil vessels used to bypass Western sanctions and maintain a source of revenue. The poor condition of these ships has also raised concerns about environmental disasters. Finnish President Alexander Stubb also suggested the cargo has Russian links and that his country is closely monitoring the situation. "It is necessary to be able to prevent the risks posed by ships belonging to the Russian shadow fleet," Stubb wrote on X . EU foreign ministers on December 16 adopted a package of sanctions against Moscow targeting tankers transporting Russian oil as the bloc looked to curb the circumvention of previous measures aimed at hindering Kremlin's ability to wage war against Ukraine. Meanwhile, NATO chief Mark Rutte said on December 26 that the alliance is ready to help Finland and Estonia as they launch their probe into the possible "sabotage." "Spoke with [Estonian Prime Minister] Kristen Michal about reported possible sabotage of Baltic Sea cables,” he wrote on X. “NATO stands in solidarity with Allies and condemns any attacks on critical infrastructure. We are following investigations by Estonia and Finland, and we stand ready to provide further support." Russian President Vladimir Putin said on December 26 that Slovak Prime Minister Robert Fico is ready to offer a “platform” for possible peace talks between Moscow and Kyiv to end the war in Ukraine. Putin told the media Fico said during a recent meeting that "if there are any negotiations, [the Slovaks] would be happy to provide their country as a platform." Most terms suggested so far by Putin have been deemed unacceptable to Ukrainian President Volodymyr Zelenskiy. Fico is one of the few European leaders Putin has stayed friendly with since Moscow launched its full-scale invasion of Ukraine in 2022, prompting criticism of the Slovak leader by Zelenskiy and many Western leaders. To read the original story by RFE/RL's Russian Service, click here . Iranian President Masud Pezeshkian is scheduled to travel to Russia on January 17, state-controlled media in Iran and Russia reported on December 26. Quoting Iranian Ambassador to Moscow Kazem Jalali, Iran's Tasnim news agency said that “the president will visit Russia on January 17 and a cooperation agreement between the two countries will be signed during the visit." Russia and Iran both are under severe financial sanctions imposed by Western nations and have stepped up bilateral cooperation on many fronts in recent years. The West has accused Iran of providing weapons to Russia for use against Ukraine. Tehran has denied the allegations despite evidence widespread use of Iranian-made drones in the war. SARAJEVO -- Bosnia-Herzegovina’s security minister has been arrested on charges of money-laundering, abuse of office, and accepting bribes, the Balkan nation’s prosecutor’s office said. The minister, Nenad Nesic, was among seven people arrested on similar charges, the office said on December 26. The charges stem from an investigation by the Bosnian state prosecutor and the Interior Ministry of Bosnia's ethnic-Serb entity, Republika Srpska, into suspected corruption at the Roads of RS (Putevi RS) public company, where Nesic was general manager from 2016 to 2020. The company's current general manager, Milan Dakic, was also among those arrested, prosecutors said. The company did not immediately comment. Nesic, 46, has been Bosnia’s security minister since 2022. When asked by reporters about the case as he was entering an East Sarajevo police station, Nesic said only that "I continue to fight for Republika Srpska," according to Reuters. Nesic is president of the Democratic People's Alliance (DNS), which is in a coalition with Milorad Dodik's Alliance of Independent Social Democrats (SNSD). Dodik, who is president of Republika Srpska, claimed on social media that this was an "unacceptable procedure" and a "persecution of cadres" from the Bosnian government. The pro-Russia Dodik is under sanctions imposed by the United States and Britain for his efforts to undermine the Dayton agreements that ended the 1992-95 Bosnian war. He is currently facing trial himself on charges he failed to comply with the decisions of international High Representative Christian Schmidt. Ethnic Serb lawmakers this week said Dodik's trial was political and based on illegal decisions by the high representative. They claimed that the court was unconstitutional because it was set up by Schmidt and not by the Dayton agreement. Since the Dayton peace accords were put into effect, the country has consisted of a Bosniak-Croat federation and the mostly ethnic Serb Republika Srpska under a weak central government, where Nesic holds the security portfolio. Israel carried out large-scale air strikes on the main airport in Yemen’s capital, Sanaa, on December 26 as it steps up attacks on the Iranian-backed Huthi rebels in what Tehran called a “violation” of peace and security. Huthi rebels said three people were killed and 14 were injured or missing following the Israeli attacks on the airport and other sites in Yemen, including port facilities. "Fighter jets conducted intelligence-based strikes on military targets belonging to the Huthi terrorist regime on the western coast and inland Yemen," the Israel Defense Forces (IDF) said. The attacks followed recent rocket launches by the Huthi fighters against the Tel Aviv area, although little damage was reported. The Iranian Foreign Ministry condemned the Israeli strikes on Yemen, calling them "aggressions" that it claimed were "a clear violation of international peace and security." It said they represented "an undeniable crime against the heroic and noble people of Yemen," who had "not spared any effort to support the oppressed people of Palestine." The Israeli military has said air strikes in Yemen are targeting Huthi sites that have been used to receive Iranian weapons, which are then often transported to other Tehran-linked groups in the Mideast -- mainly Hamas in Gaza and Hezbollah in Lebanon. Hamas has been designated a terrorist group by the United States and the European Union, while Hezbollah has also been deemed a terrorist group by Washington. The EU blacklists its military arm but not its political wing. The U.S. State Department designated the Huthis as a terrorist group at the start of this year. Hamas and Hezbollah have been severely weakened following massive Israeli military strikes on their respective sites in Gaza and Lebanon, and most of their leaders have been killed in Israel's military response to Hamas’s October 7, 2023, attack on Israel. Israeli Prime Minister Benjamin Netanyahu said the strikes would continue against the Huthi rebels, who have also targeted shipping in the Red Sea, claiming they are in solidarity of Hamas fighters in Gaza. "We are determined to cut this branch of terrorism from the Iranian axis of evil. We will continue until the job is done," Netanyahu said in a video statement. Tedros Adhanom Ghebreyesus -- head of the World Health Organization who was at the Sanaa airport during the Israeli attack -- said he was safe but that "one of our plane's crew members was injured.” A Pakistani military court has sentenced 60 people to prison terms ranging between two and 10 years over violent protests that erupted after the arrest of former Prime Minister Imran Khan in 2023, the army’s media wing said on December 26. The defendants, who included a relative of Khan as well as two retired military officers, were sentenced in connection with attacks on military facilities. Twenty-five other people were sentenced on the same charges on December 21. They have the right to appeal the sentences, the military’s media wing said in a statement. Protests erupted across Pakistan in May 2023 when Khan was arrested during his court appearance on corruption charges that he and his supporters deny. Thousands of Khan’s supporters ransacked military facilities and stormed government buildings. Several people were killed, and dozens were injured in the unrest. At least 1,400 protesters, including leaders of Khan’s Pakistan Tehrik-e-Insaf (PTI) party were arrested following the riots. But only 105 of those detained faced military trials. PTI condemned the sentencing, and said the court had violated the defendants’ rights. The United States expressed deep concern about the sentences, while Britain said that trying civilians in military courts "lacks transparency, independent scrutiny, and undermines the right to a fair trial.” The European Union said the sentences are "inconsistent with the obligations that Pakistan has undertaken under the International Covenant on Civil and Political Rights.” Kazakh experts are due to arrive on December 27 to examine the crash site and black box of the ill-fated Azerbaijan Airlines passenger jet, as speculation – and evidence – mounted suggesting that a Russian air defense missile may have inadvertently struck the craft. Even as the probe intensifies, countries with victims aboard the plane – Azerbaijan, Kazakhstan, Russia, and Kyrgyzstan -- continue to mourn their dead and treat the injured among the 67 passengers and crew who were aboard when the Embraer 190 aircraft fell from the sky on December 25. The plane went down on a scheduled flight from the Azerbaijani capital, Baku, to Grozny in Russia's Chechnya region after it was diverted and attempted an emergency landing near the city of Aqtau in western Kazakhstan, killing 38 and injuring 29, many with severe burns suffered in the flaming crash. Speculation swirled around the tragedy, with some experts pointing to holes seen in the plane’s tail section as a possible sign that it could have come under fire from Russian air defense systems engaged in thwarting Ukrainian drone attacks. A U.S. official, speaking on condition of anonymity, told news agencies that indications suggest a Russian antiaircraft system struck the airliner, although the official provided no details. Canada expressed concerns about reports that Russian air defenses may have caused the crash. "We call on Russia to allow for an open and transparent investigation into the incident and to accept its findings," the Canadian Global Affairs office said on X. Evidence, yet to be corroborated by authorities, includes footage from inside the plane before the crash, images of the planes hole-pocked tail section after the crash, a survivor’s comments, and accounts indicating that there was a suspected drone attack around the time the plane apparently tried to land in Grozny. Reuters quoted an Azerbaijani source familiar with the investigation as saying results indicated the plane was hit by a Pantsir-S air defense system, a self-propelled antiaircraft gun and missile system designed by Russia. It was not immediately clear where the black box would be examined. The process can be highly technical, and not all countries have the resources to undertake such work. Gulag Aslanli, a leader of Azerbaijan's opposition Musavat movement, told RFE/RL that an international commission was needed to investigate the incident. "Russia cannot be allowed there," he said. "If the black box is going to be taken to Russia and examined there, I will look at its outcome with suspicion." Talgat Lastaev, Kazakhstan's vice minister of transport, told RFE/RL that experts are scheduled to arrive at the site on December 27 to assess the next steps regarding the black box. Officials said it typically takes about two weeks to fully assess a black box, although various conditions can alter that time frame. Commenting on unconfirmed reports that the plane may have been shot down by a missile, Kazakh Senate Speaker Maulen Ashimbaev said it was “not possible” to say what may have damaged the aircraft until the investigation is finished. "Real experts are looking at all this and they will make their conclusions. Neither Kazakhstan, Russia, nor Azerbaijan, of course, is interested in hiding information, it will be brought to the public," Ashimbaev said. Kremlin spokesman Dmitry Peskov made a similar comment, saying: "We need to await the end of the investigation.” It was “wrong” to speculate before the investigators gave their findings, Peskov added. Russia's Interfax news agency quoted officials as saying the plane, commissioned in 2013, had passed a maintenance check in October and that the pilot had "vast experience," with more than 15,000 flying hours. Azerbaijan Airlines President Samir Rzayev also told reporters the plane had been fully serviced in October and that there was no sign of technical malfunction. But he said it was too early to determine a cause: "The plane has been found with a black box. After detailed research, all aspects will be clear." The airline suspended flights along the route of the crash pending completion of the investigation. Azerbaijani President Ilham Aliyev also said it was too early to determine a cause but at one point had suggested bad weather could have contributed to the crash. The office of Azerbaijan’s Prosecutor General said that "all possible scenarios are being examined." As the first seven survivors arrived back in the country on December 26, Azerbaijan observed a national day of mourning. Burials of four of those who lost their lives were conducted during the day, with additional funerals expected in the coming hours and days. National flags were flown at half-mast across Azerbaijan, and signals were sounded from vehicles, ships, and trains as the nation observed a moment of silence at noon to honor the victims of the plane crash. Officials in Baku said the wounded arrived on a special flight arranged by Azerbaijan's Emergency Affairs Ministry and that the injured were accompanied by medical professionals. There was no immediate word on the condition of the injured, who were among 29 survivors from the crash, many of whom suffered severe burn wounds. Ayhan Solomon, Azerbaijan’s chief consul in Aqtau, told reporters that 26 of those killed were Azerbaijani citizens. He said initial reports indicate that 16 Azerbaijani citizens survived. “Of those, 10 to 12 are in good condition and others remain critically stable,” he added. Azerbaijan Airlines' supervisory board said on December 26 that the families of those killed will be compensated with 40,000 manats ($23,460), while those injured would receive 20,000 manats ($11,730). Along with the 42 Azerbaijani citizens, those aboard Flight J2-8243 were listed as 16 Russian nationals, six from Kazakhstan, and three Kyrgyz citizens, officials said. The survivors include nine Russian citizens, who were flown to Moscow on December 26 by the Russian Emergency Situations Ministry. Three of the Russian survivors were in critical condition, according to Russian health authorities. Kazakh Deputy Prime Minister Qanat Bozymbaev -- who is in charge of a special government commission to investigate the incident -- said many of those who died in the crash were not immediately identifiable due to massive burns suffered. Bozymbaev said the 29 survivors had injuries ranging from moderate to severe, with many also suffering from major burns. According to Kazakhstan’s Health Ministry, the injured included at least two children and 11 people had been placed in intensive care. The United States and European Union on December 25 condemned plans by ethnic-Serb leaders in Bosnia-Herzegovina to block efforts for closer European integration for the Western Balkan nation. Lawmakers in the country’s ethnic-Serb entity, Republika Srpska, late on December 24 ordered Serb representatives in state institutions to block decision-making actions and law changes needed for the country's further integration into the EU. In response, the embassies of the United States, Britain, France, Germany, and Italy, along with the EU delegation in Bosnia, in a joint statement condemned the Serb parliament's acts as "a serious threat to the country's constitutional order." "At a time when formal opening of EU accession negotiations has never been so close, a return to political blockades would have negative consequences for all citizens, a majority of whom support EU accession," the statement said. The Republika Srpska parliament announced the actions in response to the trial of regional leader Milorad Dodik, who is under U.S. and British sanctions for actions that Western governments allege are aimed at the eventual secession of Republika Srpska from Bosnia-Herzegovina. Dodik is on trial in a long-delayed, ongoing process on charges he failed to comply with the decisions of the High Representative in Bosnia. He faces up to five years in prison and a ban on participating in politics if convicted. Ethnic Serb lawmakers said Dodik's trial was political and based on illegal decisions by international High Representative Christian Schmidt. They claimed that the court was unconstitutional because it was set up by Schmidt and not by the Dayton agreement. Since the Dayton peace accords that ended the 1992-95 Bosnian War, the country has consisted of a Bosniak-Croat federation and the mostly ethnic Serb Republika Srpska under a weak central government. Dodik, who is friendly with Russian President Vladimir Putin, has often made somewhat contradictory comments about his entity's place in Bosnia. He has denied it has ever pursued a policy of secession or disputed the sovereignty and territorial integrity of Bosnia under the Dayton agreement. He has said, however, that Republika Srpska "has the right to a political fight for its status” under the Dayton accords. He has also called for the “disassociation” of Republika Srpska from Bosnia -- which Washington called “secession by another name.” PRISTINA -- A special panel in Kosovo overturned a decision by the election commission that had barred the country's largest ethnic-Serbian party from participating in upcoming elections due to its strong links with Belgrade. "The Central Election Commission (CEC) is ordered to certify the political entity Serbian List and the candidates of this political entity...for the elections for the Assembly of the Republic of Kosovo to be held on February 9, 2025," the Electoral Complaints and Appeals Panel (ECAP) said on December 25. The ruling stated that the party had fulfilled all obligations required regarding the political filings and was therefore entitled to be certified. On December 23, the CEC said when it announced its decision not to certify Serbian List that its main reason was the party's nationalistic stance and close ties to Serbia. Some commission members noted that Serbian List leader Zlatan Elek has never referred to Kosovo as independent and continues to call it Serbia's autonomous province of Kosovo. The CEC also said that Serbian List has close ties with Serbian President Aleksandar Vucic and other Serb leaders who also refuse to recognize Kosovo's independence. Serbia has close ties to Russia and has refused to join international sanctions on Moscow over its invasion of Ukraine, although Vucic has attempted to balance relations with the West and has continued to press Belgrade's desires to join the European Union. Elek on December 24 said he planned to appeal the order and said he was confident it would be overturned. The Serbian List -- which described the CEC decision as an attempt "to eliminate" it from the electoral process -- welcomed the latest ruling. The party said the CEC is now obliged to act on the PZAP decision but added it remains to be seen whether the commission will "continue to violate its own law and regulations and act on direct political pressure from the authorities in Pristina." The February parliamentary elections are expected to be a key test for Prime Minister Albin Kurti, whose party came to power in 2021 in a landslide in the Western-backed Balkan nation. Prior to the ECAP ruling, political analyst Albert Krasniqi of the Demokraci+ NGO told RFE/RL that the CEC decision is part of the preelection campaign being conducted by Kurti’s Self-Determination party (Vetevendosje). He forecast that Serbian List would appeal the decision and predicted it would be successful in getting it reversed. “All this noise will last at most four days, and I am sure that the ECAP will reverse this decision of the CEC and will oblige the CEC to certify Serbian List,” Krasniqi said. Kosovo proclaimed independence from Serbia in 2008. Belgrade still considers Kosovo a province of Serbia and has a major influence on the ethnic Serbian minority living there.Syra Health to Present at NobleCon20
Virginia’s booming data center industry is driving unprecedented energy demands, straining the state’s natural gas infrastructure and prompting calls for new pipelines. A Joint Legislative Audit and Review Commission, or JLARC, report warns that expanding pipeline capacity may be necessary to meet the surge, bringing with it additional logistical and environmental challenges. Some efforts to expand pipeline capacity are already underway. In October, Tulsa, Oklahoma-based energy firm Williams Companies filed an application with the Federal Energy Regulatory Commission for its Southeast Supply Enhancement Project, or SSEP, which would add about 55 miles of pipeline — mostly in Southwest Virginia — to the existing 10,000-mile Transco Pipeline stretching from Texas to New York. This follows the company’s approval last year for its Commonwealth Energy Connector Project in Southside, designed to link in Greensville County with the Columbia Gas Virginia Reliability Project. That initiative, now under construction, will deliver natural gas to the Hampton Roads region, addressing growing energy needs in that part of the state. The Mountain Valley Pipeline’s right-of-way is seen from Boones Mill on Tuesday, July 25, 2023. The Southgate extension project, an effort to extend the Mountain Valley Pipeline from Pittsylvania County into North Carolina, began consultations with the Virginia Department of Environmental Quality, or DEQ, this year for permit reviews. In October, Balico, the Herndon-based developer previously associated with the canceled Atlantic Coast Pipeline, proposed a massive data center campus with 84 buildings and an on-site natural gas plant for power. However, strong community opposition forced the company to scale back its plans. Mike Atchie, director of community and project outreach for Williams Companies, emphasized the importance of the SSEP, which seeks to expand natural gas infrastructure across Virginia, North Carolina, South Carolina, Georgia and Alabama. “It ensures that infrastructure exists to support the rapid economic and population growth in the southeast,” Atchie said, adding that it also meets the region’s growing demand for stable and reliable energy to heat homes and power essential services. The recent pipeline developments have drawn sharp criticism from environmental groups, which warn about the potential impact on waterways the projects may need to cross and the continued reliance on carbon-emitting fossil fuels. Scientists link these emissions to worsening climate change, including more frequent and intense storms. “Basically, we’re looking at two co-located projects,” said Jessica Sims, a field coordinator for Appalachian Voices, a Boone, North Carolina-based nonprofit clean energy advocacy group. “You have two projects, co-located in Pennsylvania County, approximately [that] could be built at the same time.” Williams Company plans to add about 55 miles of pipeline in Virginia and North Carolina through a series of loops: parallel pipes designed to increase carrying capacity along existing lines. In Virginia, the Eden Loop would include about 30.8 miles of 42-inch-wide pipeline running from Pittsylvania County into Rockingham County, North Carolina. The loop also includes two 33,000-horsepower, electric-powered compressor stations, in addition to others in North Carolina. A map shows the extent of Tulsa, Oklahoma-based energy firm Williams Companies' Southeast Supply Enhancement Project. Williams has requested approval for the project by February 2026, with an in-service date set for Nov. 1, 2027. Among the gas recipients are the city of Danville and Southwest Virginia Gas, which would take 1,500 and 5,000 dekatherms, respectively. “Without new capacity, there is a risk of repeating past shortages and power outages,” Atchie said. “The expansion taps into established pipeline corridors to minimize environmental and landowner impacts and will be built and maintained using Williams’ industry-leading safety standards, including 24/7 monitoring and rigorous maintenance.” The SSEP pipeline is planned to follow a similar route to the 31-mile Southgate Extension project, which the team behind the Mountain Valley Pipeline announced last year it would be reviving. Since then, the company has engaged with federal and state regulatory agencies, including the DEQ, to discuss the permits required for the project’s revised scope, spokesman Shawn Day said. But Sims of Appalachian Voices raised concerns during a State Water Control Board meeting last month about Virginia code provisions that allow the DEQ to waive the requirement for a Section 401 permit under the federal Clean Water Act if the pipeline is below 36 inches. The Mountain Valley Pipeline right-of-way and some piping is visible beside Virginia Route 460, Sunday, July 16, 2023, in Elliston. The revised plans reduced the Southgate pipeline from 75 to 31 miles, eliminating the need for a controversial compressor station, but increased the pipeline diameter from 24 and 16 inches to 30 inches, still under the threshold allowing the DEQ to waive the need for a water permit. “The cumulative impacts from two major construction projects is one reason to give South gain more scrutiny than last time,” Sims told the board, pointing to its proximity to the SSEP project. When asked by the Virginia Mercury if the DEQ would waive any permits for the Southgate Extension project, DEQ spokesman John Giese said the agency has not received formal plans. “Southgate/Equitrans has informed [the] DEQ of their intent to move forward on a project and has discussed their general layout and timing of design,” Giese said. “However, no formal plans or permit application(s) have been submitted to [the] DEQ for review.” The project is aiming to be operational by 2028 “to provide PSNC Energy and Duke Energy with an affordable, reliable and resilient natural gas supply to meet residential and business demand and generate electricity,” Day said, adding the project “will secure all necessary permits and authorizations.” The JLARC report highlighted natural gas as the most viable option for on-site power generation, a necessity for many large-scale projects in Southwest Virginia. “Of the current technologies available, only natural gas appears viable for on-site generation, and it can be deployed only close to pipeline infrastructure that has sufficient capacity to serve generation needs,” the report says. A engineering plan shows a data center campus and on-site power generation source in Pittsylvania County. In Pittsylvania County, Balico initially proposed a 2,300-acre data center campus with a 3,500-megawatt natural gas plant, but withdrew the plan after significant community pushback. In November, the company submitted a scaled-down application for a project requiring “more than 760 acres” and rezoning land for “private electric power generation,” with a letter of intent from Mountain Valley Pipeline owner EQT “for the supply of a sufficient volume of natural gas to fuel the power plant proposed for the campus.” The proposal is expected to be reviewed next year. Nearby, the town of Hurt passed a resolution supporting the project, agreeing to provide 2 million gallons of water per day through the construction of a new water plant. Community opposition to the original proposal had largely centered on the water demands of the project. This story was originally published in the Virginia Mercury . Charlie Paullin covers energy and environment for the Virginia Mercury. Stay up-to-date on the latest in local and national government and political topics with our newsletter.Franklin Resources Inc. Buys 2,026 Shares of ScanSource, Inc. (NASDAQ:SCSC)
Debbie Nelson, a single mother from Missouri whose tumultuous relationship with her eldest son, rapper Eminem, provided fodder for some of his early hits, died Monday. She was 69. The death was confirmed by Dennis Dennehy, a longtime representative for Eminem, who did not cite a cause or say where she died. Nelson was known for her fraught relationship with Eminem, who through his talent for hip-hop went from being a bullied little boy named Marshall Mathers to a hugely successful rapper. He wrote about their struggles in several songs, including one of his biggest hits. In his rage-fueled, freewheeling 2002 single “Cleanin’ Out My Closet,” Eminem has a reckoning with his mother over his upbringing, accusing her of neglect, abuse and prescription-pill abuse. In the chorus, he sarcastically apologizes for making her cry, only to add, “How dare you try to take what you didn’t help me to get?” Nelson, who sued her son for defamation in 1999 over another unflattering representation of her in his song “My Name Is,” shared her account of their relationship in a no-holds-barred memoir, “My Son Marshall, My Son Eminem,” which was published in 2008. Deborah Rae Nelson was born on Jan. 6, 1955, to Betty Hixson and Bob Nelson. She and the rapper’s father, Marshall Mathers Jr., performed in a band called Daddy Warbucks and married when she was a teenager. At 17, she gave birth to her son Marshall after more than 72 hours of labor on Oct. 17, 1972. Nelson, who for a time went by Debbie Mathers but resumed using her maiden name after her son’s rise to fame, divorced her husband when Marshall was an infant. What ensued was an itinerant decade, one in which the two bounced from home to home, and for Marshall, from school to school, before they settled in Detroit. By the late 1980s, Marshall was discovering hip-hop and had assumed the name M&M. Around that time, Nelson allowed a teenager who had run away from home to stay with them, Nelson told Salon in 2000. Eminem later developed a relationship with the girl, Kim Scott, and the two eventually married and had a daughter. Nelson sought $10 million in damages in her 1999 defamation suit, but later said it was her lawyer’s idea and settled out of court for $25,000, most of it legal fees. In a 2000 music video meant to address the lawsuit, Nelson apologizes, over music and a photo montage, but says her “unconditional love created a spoiled young man, an angry one, too.” “Anything Marshall wanted, he got,” Nelson told Salon the same year. “I sheltered him too much and I think there’s a little resentment from that.” In “Lose Yourself,” a single from the movie “8 Mile” that sold more than 10 million copies and won two Grammy Awards in 2004, Eminem nodded more affectionately to Nelson with a reference to “Mom’s spaghetti.” (Eminem would go on to repurpose the name for a pasta sauce line and a Detroit restaurant). But in the 2009 track “My Mom,” he drew a direct line between his issues with drug-addiction and hers, claiming she had sprinkled Valium on his food. In a 2008 memoir, “The Way I Am,” Eminem did not go into as much detail about his mother as he did in his songs, though in a section about his family, he wrote, “If you go back and look at the abuse that I took, it’s no surprise I became who I am.” And in 2010, he told The New York Times magazine, “It’d be very hard to repair that relationship.” In addition to Eminem, Nelson’s survivors include another son, Nathan Mathers, and several grandchildren. She was married and divorced at least twice. For years, she ran a taxi service in St. Joseph, Missouri, where she lived with her last husband, John Briggs. As often as they clashed, it seemed, Eminem and his mother tried to reconcile. In his 2013 track “Headlights,” he showed remorse for his harsh lyrics and a greater understanding for her struggles. “I’m sorry, Mama, for ‘Cleanin’ Out My Closet,’” he raps. “At the time I was angry. Rightfully? Maybe so. Never meant that far to take it, though.” According to the song, the two remained estranged. But when Eminem was inducted into the Rock & Roll Hall of Fame in 2022, Nelson publicly congratulated him online. “Marshall, I want to say, I could not let this day go by without congratulating you,” she said in a video that was later deleted. “I love you very much. I knew you’d get there. It’s been a long ride. I’m very, very proud of you.” This article originally appeared in The New York Times . Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular German restaurant Deutsche Ecke opens in Newport News German restaurant Deutsche Ecke opens in Newport News Second man dies in Newport News triple shooting; police still looking for suspects Second man dies in Newport News triple shooting; police still looking for suspects The latest business openings and closings in Hampton Roads The latest business openings and closings in Hampton Roads Former Hampton High football coach Mike Smith highlights latest Virginia Hall of Fame inductees Former Hampton High football coach Mike Smith highlights latest Virginia Hall of Fame inductees Williamsburg Christmas parade to feature Commanders marching band Williamsburg Christmas parade to feature Commanders marching band Al Roker speaks out after Macy’s Thanksgiving Day Parade chair mishap Al Roker speaks out after Macy’s Thanksgiving Day Parade chair mishap 1 dead, 2 seriously injured in Newport News triple shooting, police say 1 dead, 2 seriously injured in Newport News triple shooting, police say New Kent wants public input on future of Makemie Woods New Kent wants public input on future of Makemie Woods The Grinch can’t steal West Point’s Christmas The Grinch can't steal West Point's Christmas Biden pardons his son Hunter despite previous pledges not to Biden pardons his son Hunter despite previous pledges not to Trending Nationally Judge accused of ‘willful misconduct’ for letting illegal immigrant escape court Trump’s talk of reducing or relocating federal workers hits home in Maryland A young Coloradan learning to live with long COVID turns to TikTok to educate about chronic illness Fruit trees and ‘generational learning’ turn this California city into a parrot paradise as temperatures drop NBC’s enhanced yard lines, field numbers for Bills-49ers snow game draw strong reactions from viewersSyra Health to Present at NobleCon20NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The modular construction market in us size is estimated to grow by USD 7.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.78% during the forecast period. On-site constraints is driving market growth, with a trend towards increasing awareness of custom-built facilities with minimum budgets. However, volatile input cost poses a challenge. Key market players include Abtech Inc., ATCO Ltd, Bechtel Corp., Black Diamond Group Ltd., Building Pro, Commercial Structures Corp., Fluor Corp., GUERDON LLC, JL Construction, Kwikspace Pty Ltd., Lendlease Corp. Ltd., McGRATH RENTCORP, Modular Genius, Nadler Modular, Pac Van Inc., Satellite Shelters Inc., Skanska AB, Specialty Modular, STARRCO, and Westchester Modular Homes. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth Modular construction is gaining popularity in the US due to its cost-effective solution for constructing residential complexes. Notable projects, such as the Homeless Housing in Hilda L.Soil, Los Angeles , which provided 553,000 housing units in April 2021 , are proof of its effectiveness. This construction method offers flexibility to contractors and is environmentally friendly, as major components can be reused and relocated without requiring new resources. The increasing recognition of modular construction's benefits for custom facility construction is anticipated to fuel market growth in the US during the forecast period. Modular construction is a growing trend in the US building industry, offering several advantages over traditional methods. This approach involves creating standardized modules in factory conditions, resulting in shorter project completion times, improved quality control, and reduced material waste and energy consumption. Modular construction is being adopted for various types of buildings, including residential homes, commercial spaces, educational facilities, and healthcare centers. Sustainability, workplace safety, and precision manufacturing techniques are key focus areas. The benefits extend to resource utilization, reduced carbon emissions, and addressing transportation and assembly issues. Modular construction is being used for housing projects, infrastructure development, and luxury developments in urban environments. However, challenges include a lack of expertise and specialized knowledge in the industry, requiring a focus on design, logistics, and on-site assembly. State-level administrative agencies play a crucial role in ensuring compliance with safety regulations and facilitating the adoption of modular construction work in different construction segments. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The modular construction market in the US is influenced by the cost of raw materials, which can fluctuate due to various factors such as inflation, supply and demand, and availability. Key providers in this industry enter into long-term contracts with suppliers to mitigate the impact of price volatility in materials like stainless steel, iron, steel, and concrete. However, this volatility directly affects vendors' contracts and overall fabrication costs. For instance, benchmark steel prices decreased by approximately 17% in March 2022 compared to 2021, but have since risen to over USD650 in December. Such price instability may hinder the growth of the modular construction market in the US during the forecast period. The Modular Construction market in the US is experiencing growth in various sectors, including healthcare and urban areas. Cities facing severe housing shortages are turning to modular building solutions for quicker and more cost-effective construction. Players like Aries Building Systems, VESTA Modular, and BD Modular Solutions have a significant share in this market. Seattle and Vancouver are key markets for modular construction, with cities in Dallas, Texas , also adopting this trend. Modular construction uses computer-aided design and building information modeling for off-site building. Challenges include healthcare markets' unique requirements and natural disasters like hurricanes, floods, wildfires, and earthquakes. Permanent modular construction and relocatable modular construction are popular options. Steel, timber, and modular concrete structures are used in both residential and commercial applications. The Modular Building Institute provides education and advocacy for this industry. Cash purchase price and free cash flow are essential factors for modular construction projects. Design Space, with its branches and employees, is a key player in the modular construction industry. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This modular construction market in US report extensively covers market segmentation by 1.1 Residential 1.2 Commercial 2.1 Permanent 2.2 Relocatable 3.1 North America 1.1 Residential- The US modular construction market is poised for growth due to population expansion and increasing urbanization. According to the World Bank, the US population grew by 0.1% in 2021, fueling demand for new residential units. The benefits of modular construction, such as time savings and quicker returns on investment, are driving its adoption. Industrialized assembly and concurrent site preparation enable significant time reductions. Modular construction is ideal for manufacturing turnkey homes that comply with local, state, and federal building codes in rural and suburban areas. The need for affordable housing and thermal insulation, as well as faster house construction durations, are key market growth drivers. Additionally, natural disasters like hurricanes, which destroyed numerous residential buildings in 2021, have increased the demand for new construction. 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 (2018 - 2022) Research Analysis Modular construction, also known as off-site building, is a modern approach to traditional permanent construction. It involves manufacturing standardized modules in a factory under controlled conditions, using computer-aided design and building information modeling. These modules are then transported to the construction site and assembled, significantly reducing project completion times. Urban areas are increasingly turning to modular construction due to its efficiency and ability to withstand natural disasters such as hurricanes, floods, wildfires, and earthquakes. Modular construction offers permanent solutions, with the same durability and quality as traditional permanent construction. The use of modular construction extends beyond urban areas and residential homes. It is also being adopted for commercial buildings, educational facilities, airports, construction site offices, and even single-family homes. State level administrative agencies and compliance bodies are recognizing the benefits of modular construction and implementing regulations to encourage its use. Compared to traditional building methods, modular construction offers several advantages, including improved quality control, reduced material waste, and lower energy consumption. The factory conditions allow for precise manufacturing and rigorous quality checks, ensuring a consistent final product. Additionally, the use of standardized modules allows for easier compliance with regulations and codes. Market Research Overview Modular construction, also known as off-site building, is a modern approach to traditional construction where standardized modules are manufactured in factories using computer-aided design and building information modeling. This method is gaining popularity in urban areas due to its efficiency and ability to reduce project completion times, especially in the face of natural disasters such as hurricanes, floods, wildfires, and earthquakes. Modular construction can be permanent or relocatable, with materials ranging from steel, timber, to modular concrete structures. Applications include residential homes, commercial buildings, educational facilities, and healthcare centers, among others. The use of precision manufacturing techniques and resource utilization leads to improved sustainability, workplace safety, and reduced material waste and energy consumption. However, challenges include transportation issues, assembly, and a lack of experts with specialized knowledge and skills in modular construction work. The built environment is evolving, with construction projects in various segments, including housing, infrastructure, and commercial spaces, adopting this innovative approach. In the US, states like Massachusetts and Pennsylvania have programs promoting industrialized buildings, including manufactured buildings and multifamily units. The industry output is diverse, with applications ranging from affordable housing and luxury developments to modular hotels, such as those built for international brands like Marriott. Despite the benefits, challenges remain, including compliance with safety regulations and addressing concerns related to carbon emissions. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Application Residential Commercial Type Permanent Relocatable Geography North America 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: www.technavio.com/ SOURCE Technavio
By JILL COLVIN and STEPHEN GROVES WASHINGTON (AP) — After several weeks working mostly behind closed doors, Vice President-elect JD Vance returned to Capitol Hill this week in a new, more visible role: Helping Donald Trump try to get his most contentious Cabinet picks to confirmation in the Senate, where Vance has served for the last two years. Vance arrived at the Capitol on Wednesday with former Rep. Matt Gaetz and spent the morning sitting in on meetings between Trump’s choice for attorney general and key Republicans, including members of the Senate Judiciary Committee. The effort was for naught: Gaetz announced a day later that he was withdrawing his name amid scrutiny over sex trafficking allegations and the reality that he was unlikely to be confirmed. Thursday morning Vance was back, this time accompanying Pete Hegseth, the “Fox & Friends Weekend” host whom Trump has tapped to be the next secretary of defense. Hegseth also has faced allegations of sexual assault that he denies. Vance is expected to accompany other nominees for meetings in coming weeks as he tries to leverage the two years he has spent in the Senate to help push through Trump’s picks. Vice President-elect JD Vance, still a Republican senator from Ohio, walks from a private meeting with President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., center, and Vice President-elect JD Vance, left, walk out of a meeting with Republican Senate Judiciary Committee members, at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/Ben Curtis) FILE – Sen. JD Vance, R-Ohio, departs the chamber at the Capitol in Washington, March 15, 2023. (AP Photo/J. Scott Applewhite, File) FILE – Sen. JD Vance, R-Ohio, center speaks during a Senate Banking Committee hearing on Capitol Hill in Washington, March 7, 2023. (AP Photo/Andrew Harnik, File) FILE – Sen. JD Vance, R-Ohio, right, speaks with Sen. Sherrod Brown, D-Ohio, before testifying at a hearing, March 9, 2023, in Washington. (AP Photo/Kevin Wolf, File) FILE – Sen. JD Vance, R-Ohio, arrives for a classified briefing on China, at the Capitol in Washington, Feb. 15, 2023. (AP Photo/J. Scott Applewhite, File) FILE – Sen. JD Vance, R-Ohio, arrives for a vote on Capitol Hill, Sept. 12, 2023 in Washington. (AP Photo/Mark Schiefelbein, File) FILE – Sen. JD Vance R-Ohio speaks during a news conference on Capitol Hill in Washington, Feb. 6, 2024. (AP Photo/Jose Luis Magana, File) Vice President-elect JD Vance, still a Republican senator from Ohio, walks from a private meeting with President-elect Donald Trump’s nominee to be attorney general, former Rep. Matt Gaetz, R-Fla., at the Capitol in Washington, Wednesday, Nov. 20, 2024. (AP Photo/J. Scott Applewhite) The role of introducing nominees around Capitol Hill is an unusual one for a vice president-elect. Usually the job goes to a former senator who has close relationships on the Hill, or a more junior aide. But this time the role fits Vance, said Marc Short, who served as Trump’s first director of legislative affairs as well as chief of staff to Trump’s first vice president, Mike Pence, who spent more than a decade in Congress and led the former president’s transition ahead of his first term. ”JD probably has a lot of current allies in the Senate and so it makes sense to have him utilized in that capacity,” Short said. Unlike the first Trump transition, which played out before cameras at Trump Tower in New York and at the president-elect’s golf club in Bedminster, New Jersey, this one has largely happened behind closed doors in Palm Beach, Florida. There, a small group of officials and aides meet daily at Trump’s Mar-a-Lago resort to run through possible contenders and interview job candidates. The group includes Elon Musk, the billionaire who has spent so much time at the club that Trump has joked he can’t get rid of him. Vance has been a constant presence, even as he’s kept a lower profile. The Ohio senator has spent much of the last two weeks in Palm Beach, according to people familiar with his plans, playing an active role in the transition, on which he serves as honorary chair. Vance has been staying at a cottage on the property of the gilded club, where rooms are adorned with cherubs, oriental rugs and intricate golden inlays. It’s a world away from the famously hardscrabble upbringing that Vance documented in the memoir that made him famous, “Hillbilly Elegy.” His young children have also joined him at Mar-a-Lago, at times. Vance was photographed in shorts and a polo shirt playing with his kids on the seawall of the property with a large palm frond, a U.S. Secret Service robotic security dog in the distance. Related Articles On the rare days when he is not in Palm Beach, Vance has been joining the sessions remotely via Zoom. Though he has taken a break from TV interviews after months of constant appearances, Vance has been active in the meetings, which began immediately after the election and include interviews and as well as presentations on candidates’ pluses and minuses. Among those interviewed: Contenders to replace FBI Director Christopher Wray , as Vance wrote in a since-deleted social media post. Defending himself from criticism that he’d missed a Senate vote in which one of President Joe Biden’s judicial nominees was confirmed, Vance wrote that he was meeting at the time “with President Trump to interview multiple positions for our government, including for FBI Director.” “I tend to think it’s more important to get an FBI director who will dismantle the deep state than it is for Republicans to lose a vote 49-46 rather than 49-45,” Vance added on X. “But that’s just me.” While Vance did not come in to the transition with a list of people he wanted to see in specific roles, he and his friend, Trump’s eldest son, Donald Trump Jr., who is also a member of the transition team, were eager to see former Democratic Rep. Tulsi Gabbard and Robert F. Kennedy Jr. find roles in the administration. Trump ended up selecting Gabbard as the next director of national intelligence , a powerful position that sits atop the nation’s spy agencies and acts as the president’s top intelligence adviser. And he chose Kennedy to lead the Department of Health and Human Services , a massive agency that oversees everything from drug and food safety to Medicare and Medicaid. Vance was also a big booster of Tom Homan, the former acting director of Immigration and Customs Enforcement, who will serve as Trump’s “border czar.” In another sign of Vance’s influence, James Braid, a top aide to the senator, is expected to serve as Trump’s legislative affairs director. Allies say it’s too early to discuss what portfolio Vance might take on in the White House. While he gravitates to issues like trade, immigration and tech policy, Vance sees his role as doing whatever Trump needs. Vance was spotted days after the election giving his son’s Boy Scout troop a tour of the Capitol and was there the day of leadership elections. He returned in earnest this week, first with Gaetz — arguably Trump’s most divisive pick — and then Hegseth, who has was been accused of sexually assaulting a woman in 2017, according to an investigative report made public this week. Hegseth told police at the time that the encounter had been consensual and denied any wrongdoing. Vance hosted Hegseth in his Senate office as GOP senators, including those who sit on the Senate Armed Services Committee, filtered in to meet with the nominee for defense secretary. While a president’s nominees usually visit individual senators’ offices, meeting them on their own turf, the freshman senator — who is accompanied everywhere by a large Secret Service detail that makes moving around more unwieldy — instead brought Gaetz to a room in the Capitol on Wednesday and Hegseth to his office on Thursday. Senators came to them. Vance made it to votes Wednesday and Thursday, but missed others on Thursday afternoon. Vance is expected to continue to leverage his relationships in the Senate after Trump takes office. But many Republicans there have longer relationships with Trump himself. Sen. Kevin Cramer, a North Dakota Republican, said that Trump was often the first person to call him back when he was trying to reach high-level White House officials during Trump’s first term. “He has the most active Rolodex of just about anybody I’ve ever known,” Cramer said, adding that Vance would make a good addition. “They’ll divide names up by who has the most persuasion here,” Cramer said, but added, “Whoever his liaison is will not work as hard at it as he will.” Cramer was complimentary of the Ohio senator, saying he was “pleasant” and ” interesting” to be around. ′′He doesn’t have the long relationships,” he said. “But we all like people that have done what we’ve done. I mean, that’s sort of a natural kinship, just probably not as personally tied.” Under the Constitution, Vance will also have a role presiding over the Senate and breaking tie votes. But he’s not likely to be needed for that as often as was Kamala Harris, who broke a record number of ties for Democrats as vice president, since Republicans will have a bigger cushion in the chamber next year. Colvin reported from New York. Associated Press writer Mary Clare Jalonick contributed to this report.With Senate recount canceled, Pennsylvania counties move to finalize election results
NoneOracle (NYSE:ORCL) Trading Down 2% – Time to Sell?