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TALLINN, Dec 19 (Reuters) - NATO will need to contain Russia for the next 20 years, the head of Estonian foreign intelligence said. Estonia, which is bordered by Russia and is a member of the alliance, has doubled its defence spending since the war in Ukraine began to 3.4% of its gross domestic product this year, the second largest proportion in NATO, and increased taxes from next year to purchase stockpiles of ammunition for defence. “The task for NATO in the coming 10-20 years will be to contain or deter Russia so it doesn't get any stupid ideas to push towards the West militarily," Director General Kaupo Rosin told Reuters on Tuesday. “I think it's doable, but the issue needs to be taken seriously in the West, and that we invest (in defence)." While Russia has repeatedly denied it has any designs on attacking a NATO country, its defence minister said this week Moscow must be ready to fight the NATO military alliance in Europe in the next decade. Rosin said: “NATO and national military plans must be credible, must be real and must be backed up with real resources, regarding troops present, follow on units, ammunition. If we do our homework properly, then we will be able to deter Russia." While he said it was hard for him to envisage Russia negotiating over Ukraine any time soon, he said Russia would be “trying to limit NATO’s activities, NATO infrastructure and the troop presence in the vicinity of Russia”, including in NATO’s eastern flank states. President Vladimir Putin said on Thursday that he was ready to compromise over Ukraine in possible talks with U.S. President-elect Donald Trump on ending the war and had no conditions for starting talks with the Ukrainian authorities. Touching also on China during the interview, the top Estonian spy said there could be a risk of blackmail from China if Estonia did not ban Chinese technology in crucial parts of the economy, such as in solar inverters, which connect solar panels to the grid and which could be switched off remotely. “If there would be a situation where China would like to push us towards a political decision, and some sectors are, in reality, not under our control. That would mean all this equipment would be manipulable from China," said Rosin. “This scenario is maybe not real today, but we have to avoid that this scenario becomes reality one day." His comments chime with those of NATO chief Mark Rutte, who said early this month the alliance would step up intelligence sharing and improve the protection of critical infrastructure in the face of "hostile" acts of sabotage against allies by Russia and China. Russia has dismissed multiple accusations of engaging in hybrid acts. China has repeatedly denied allegations of spying in Europe. China has also begun in recent years to call out alleged Western hacking operations. Sign up here. Editing by Alison Williams Our Standards: The Thomson Reuters Trust Principles. , opens new tab Thomson Reuters Andrius covers politics and general news in the Baltics - Estonia, Latvia and Lithuania, the three key states along the NATO's eastern flank, the staunchest supporters of Ukraine and the most vocal critics of Russia in NATO and the European Union. He wrote stories on everything from China pressuring German companies to leave Taiwan-supporting Lithuania to Iraqi migrants hiding in the forest at the Belarus border to a farmer burning grain for heat during the energy crisis.Product Liability Insurance Market Outlook: World Approaching Demand & Growth Prospect 2024-2030 12-19-2024 08:08 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: AMA Research & Media LLP Advance Market Analytics published a new research publication on "Product Liability Insurance Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Product Liability Insurance market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/187076-global-product-liability-insurance--market?utm_source=OpenPR/utm_medium=Rahul Some of the key players profiled in the study are: Allianz (Germany), gibl.in (India), HDFC Ergo (India), United India Insurance Co. Ltd (India), Tata AIG General Insurance Company Limited (India), Hartford Financial Services Group, Inc (United States), IFFCO-Tokio General Insurance Company Limited (Japan), Insureon (United States), Chubb (Switzerland), RLI (United States), Great American (United States), Oriental Insurance Company Ltd (India), Royal Sundaram (India), Bajaj Allianz Life Insurance (India), ABI (United Kingdom), Others. Scope of the Report of Product Liability Insurance Product liability insurance can help cover large and small organization legal expenses if someone claims that a product sold, made, or distributed caused an injury or property damage Mostly Product liability insurance is adopted by large enterprise and small enterprise The titled segments and sub-section of the market are illuminated below: by Application (Manufacturer, Retailers and wholesalers, Tradesmen, Others), Organization Size (Small, Large), Sale channel (Agency, Digital and Direct Channel, Broker, Bancassurance), Coverage (Design defects, Manufacturing defects, Marketing defects, Others) Market Trends: Rising number of advanced technology such as automation process for claiming process Opportunities: large Factors Influencing Product Liability Insurance Adoption among Tennessee Fruit and Vegetable Farmers Market Drivers: An increasingly large number of product defects such as injury, Loss, harm are the main factors driving market growth Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. Have Any Questions Regarding Global Product Liability Insurance Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/187076-global-product-liability-insurance--market?utm_source=OpenPR/utm_medium=Rahul Strategic Points Covered in Table of Content of Global Product Liability Insurance Market: Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Product Liability Insurance market Chapter 2: Exclusive Summary - the basic information of the Product Liability Insurance Market. Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Product Liability Insurance Chapter 4: Presenting the Product Liability Insurance Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis. Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020 Chapter 6: Evaluating the leading manufacturers of the Product Liability Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2030) Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source finally, Product Liability Insurance Market is a valuable source of guidance for individuals and companies. Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/187076-global-product-liability-insurance--market?utm_source=OpenPR/utm_medium=Rahul Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact Us: Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA - 08837 Phone: +1(201) 7937323, +1(201) 7937193 sales@advancemarketanalytics.com About Author: AMA Research & Media is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues. Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As. This release was published on openPR.
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SIOUX CITY -- The Sioux City Regional Convention & Visitors Bureau's hotel/motel tax collection was the highest on record in the last fiscal year at more than $2.8 million. Franz Tim Hynds, Sioux City Journal Kristi Franz, executive director of the Sioux City Regional Convention & Visitors Bureau (SCRCVB) told the Sioux City Council Monday that $2,843,241.80 was collected and that the bureau now has 10 lodging partners. The SCRCVB, which does business as Explore Siouxland, focuses on bringing in new events and marketing Sioux City as a destination for tourists, conventions and sporting events. "We currently have 10 hotel partners and we will add our 11th, which will be the Double Tree," Franz said. The SCRCVB is primarily funded through a 1.65% lodging fee paid by guests at hotels in Sioux City, South Sioux City, North Sioux City and Dakota Dunes that have opted in. The fee is in addition to the 7% hotel/motel tax collected on all rooms in Sioux City. Half of that 7% tax is currently earmarked for tourism purposes, while the other half goes to the city's general fund. "I think the large tick up in our hotel/motel tax revenue shows that we have more heads in beds," Councilwoman Julie Schoenherr said. "I think it has a lot to do with tourism, with the sports tourism -- many contributors to that. That really tells a lot. It's a good measure of the improvements that are being made." Kristi Franz, Executive Director of the Sioux City Regional Convention and Visitors Bureau, talks about her job during an interview in downtown Sioux City. Franz said the SCRCVB has a "really big announcement" coming soon, which she said will have a significant economic impact on the community. "I can't tell you what it is until the state tells me that I can tell you. But it's going to be huge for the Siouxland area," she said. "It's going to have a huge economic impact, and I cannot wait to share that information with you." Mayor Pro Tem Dan Moore asked Franz what the SCRCVB's strengths and weaknesses are and how it measures success. Franz said the SCRCVB subscribes to Destinations International's economic impact calculator, which she said provides a "good breakdown" of where people are coming from, how much money is being spent on hotels, restaurants, retail and gas stations. "It's hard to really gauge successes," she said. "Our hotel partners are very happy with what we're doing. They've seen their occupancy reports are going up. When we have our meetings with them, they're really happy, as well as the other communities that we partner with." Kristi Franz, executive director of the Sioux City Regional Convention and Visitors Bureau, is shown Tuesday in downtown Sioux City. Tim Hynds, Sioux City Journal Moore also asked, "If there's anything that you could change in Sioux City to make improvements, what would that be, if anything? Maybe there's nothing." Franz said the capacity for flights at Sioux Gateway Airport is one of the biggest hurdles in bringing large-scale events to the community. "Sioux City's an amazing community. We just wish we could get more people here," said Franz who noted that the city already has the facilities, hotels and amenities to accommodate such events. "That has been something that we have tried to work around, saying, 'Well, if you fly into Sioux Falls or Omaha, we'll try to have a hospitality area and send a bus to come and get you.'" Franz said most visitors are coming from up to a 75-mile radius of Sioux City, followed by Omaha, Sioux Falls/Mitchell, Des Moines/Ames, Minneapolis/St. Paul and Lincoln/Hastings/Kearney. "Most of the advertising and marketing that we do you probably won't see in the Sioux City area, because we are targeting those destinations 75 miles and out," she said. Local leaders refocused their tourism efforts after Sioux City eliminated the city department that oversaw not only tourism, but also the Tyson Events Center and the Convention Center. The change occurred after the city hired OVG360, formerly Spectra, a Philadelphia-based venue management firm, to run the Tyson. The Convention & Visitors Bureau Board manages the new CVB, while the Events Facilities Advisory Board continues to oversee the city-owned venues. The Journal’s Jared McNett shows how to download and browse the Sioux City Journal's app. Jesse BrothersGenerative Artificial Intelligence In Supply Chain Market Projected to Grow At A CAGR of 43.7%, Reaching $1.73 Billion
AMERICAN businesses are eyeing Papua New Guinea as a key investment partner, potentially boosting the nation’s drive towards its Vision 2050 development goals. Speaking at the PNG Investment Conference 2024, US Ambassador Ann Marie Yastishock emphasised this growing interest following an official visit by a US business delegation exploring opportunities in sectors like renewable manufacturing, particularly fish processing. Ambassador Yastishock said discussions also focused on climate financing, renewable energy, and service delivery, signaling a broad range of potential US private sector involvement in PNG’s future. The delegation included representatives from the education, health, energy, resources, and information and communications sectors. The United States private sector has the potential to become a critical partner for Papua New Guinea as the country strives to achieve its Vision 2050 goals. Ms Yastishock also highlighted this potential at the PNG Investment Conference 2024. She referenced a recent visit by a US business delegation to Port Moresby, the first of its kind, aimed at exploring bilateral commercial opportunities. “Prime Minister (James) Marape and his top leadership engaged with our delegation to discuss potential partnerships in renewable manufacturing, particularly fish processing,” Ambassador Yastishock said. “Other areas of interest raised by the delegation included climate financing, renewable energy, and service delivery.” The US delegation comprised representatives from various sectors, including education, health, energy and resources, information and communications technology, and finance. Ambassador Yastishock emphasised her commitment to bringing more such delegations to PNG. With the right support, she believes the US private sector can play a vital role in helping PNG achieve its strategic objectives.Pharma E-commerce Market to Scale New Heights as Market Players Focus on Innovations 2024-2030
Partnership revolutionises support for deaf communities KARACHI: Ufone 4G has partnered with ConnectHear, Pakistan’s leading assistive technology startup, to enhance disaster response for deaf communities nationwide. Supported by funding from the GSMA Innovation Fund for Humanitarian Challenges, this initiative harnesses AI-powered technologies to ensure deaf individuals receive life-saving information during emergencies like floods, earthquakes and other natural disasters. The partnership will upgrade ConnectHear’s virtual interpretation services for low-connectivity environments and develop AI-powered systems that generate sign language alerts for emergency warnings. Ufone 4G’s extensive network, serving over 26 million subscribers, will disseminate these alerts, ensuring nationwide access. Additionally, Ufone will zero-rate the ConnectHear app, enabling free access to these critical services without a data package or mobile balance. With over 10 million deaf or hard-of-hearing individuals in Pakistan, access to inclusive communication tools is critical. Climate-related disasters have significantly impacted the country, with over 30 million affected by floods in 2022 alone. Deaf individuals often face communication barriers, leaving them excluded from early warning systems. “At Ufone 4G, inclusivity in disaster response is a priority,” said Group Chief Commercial Officer, PTCL & Ufone 4G Syed Atif Raza. “This partnership ensures real-time, AI-driven support for deaf communities, creating a safer Pakistan for everyone.” Co-Founder of ConnectHear Arhum Ishtiaq added: “This collaboration empowers us to extend our AI solutions even in low-bandwidth settings, ensuring timely information for deaf communities.”Backed by GSMA’s funding and expertise, the initiative sets a global precedent for inclusive disaster preparedness, leveraging AI and mobile innovation to save lives.4 easy, comforting bean dishes for fall
CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, provided lower updated revenue guidance for the December 2024 quarter and announced manufacturing restructuring plans. "In the first two weeks of my newly appointed role as Interim CEO and President, I have done a deep dive into the operations of the Company and determined that certain actions are necessary. I want to clarify for investors that I plan to stay in this role, even though the title is interim, for as long as it is necessary, so there is no definitive timeline for my successor," said Steve Sanghi, Microchip's CEO, President and Chair of the Board. Mr. Sanghi continued, "We indicated in our November 2, 2024 earnings call that significant turns orders were required to achieve the midpoint of our December 2024 quarter revenue guidance. Those turns orders have been slower than anticipated and we now expect our December 2024 revenue to be close to the low end of our original guidance which is $1.025 billion." Mr. Sanghi added, "With inventory levels high and having ample capacity in place, we have decided to shut down our Tempe wafer fabrication facility that we refer to as Fab 2. Many of the process technologies that run in Fab 2 also run in our Oregon and Colorado factories, which both have ample clean room space for expansion. We expect to be able to shut down Fab 2 in the September 2025 quarter at which time we expect that it will generate annual cash savings of approximately $90 million. Due to the high inventory of the products which are manufactured in Fab 2, we do not expect to see P&L savings from the shutdown until the start of the June 2026 quarter based on a First-In First-Out basis. We expect that the Fab 2 closure will begin to help us moderate our inventory levels beginning in the March 2025 quarter. We anticipate near-term restructuring costs to be between $3 million and $8 million from these actions, and it is possible that we could incur other restructuring and shut-down costs in the future of up to an additional $15 million. The estimates of the restructuring costs will be refined over time as more information becomes available." Mr. Sanghi concluded, "I want to ensure investors of my confidence in the long-term growth and profitability of Microchip. Our design-in momentum continues to remain strong, driven by our Total System Solutions strategy and key market megatrends. The fab restructuring is a big step in right-sizing our manufacturing footprint, and we will continue to evaluate any further actions that are required to position Microchip for outsized growth and financial performance." Microchip will be participating in and presenting at the UBS Global Technology and AI Conference on December 3 and 4, 2024. Cautionary Statement: The statements in this release relating to Mr. Sanghi planning to stay in the CEO and President role for as long as it is necessary, no definitive timeline for his successor, that turns orders have been slower than anticipated and that we now expect our December 2024 revenue to be close to the low end of our original guidance which is $1.025 billion, that we have ample capacity in place, that our Oregon and Colorado factories both have ample clean room space for expansion, that we expect to be able to shut down Fab 2 in the September 2025 quarter at which time it is expected to generate annual cash savings of approximately $90 million, that we do not expect to see P&L savings from the shutdown until the start of the June 2026 quarter, that we expect that the Fab 2 closure will begin to help us moderate our inventory levels beginning in the March 2025 quarter, that we anticipate near-term restructuring costs to be between $3 million and $8 million, that is is possible that we could incur other restructuring and shut-down costs of up to an additional $15 million, ensuring investors of my confidence in the long-term growth and profitability of Microchip, that our design-in momentum continues to remain strong driven by our Total System Solutions strategy and key market megatrends, that the fab restructuring is a big step in right sizing our manufacturing footprint, that we will continue to evaluate any further actions that are required to position Microchip for outsized growth and financial performance are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: any continued uncertainty, fluctuations or weakness in the U.S. and world economies (including China and Europe) due to changes in interest rates, high inflation, actions taken or which may be taken by the Biden administration or the U.S. Congress or by the incoming Trump administration and the incoming U.S. Congress, monetary policy, political, geopolitical, trade or other issues in the U.S. or internationally (including the military conflicts in Ukraine-Russia and the Middle East), further changes in demand or market acceptance of our products and the products of our customers and our ability to respond to any increases or decreases in market demand or customer requests to reschedule or cancel orders; the mix of inventory we hold, our ability to satisfy any short-term orders from our inventory and our ability to effectively manage our inventory levels; the impact that the CHIPS Act will have on increasing manufacturing capacity in our industry by providing incentives for us, our competitors and foundries to build new wafer manufacturing facilities or expand existing facilities; the amount and timing of any incentives we may receive under the CHIPS Act, the impact of current and future changes in U.S. corporate tax laws (including the Inflation Reduction Act of 2022 and the Tax Cuts and Jobs Act of 2017), foreign currency effects on our business; changes in utilization of our manufacturing capacity and our ability to effectively manage our production levels to meet any increases or decreases in market demand or any customer requests to reschedule or cancel orders; the impact of inflation on our business; competitive developments including pricing pressures; the level of orders that are received and can be shipped in a quarter; our ability to realize the expected benefits of our long-term supply assurance program; changes or fluctuations in customer order patterns and seasonality; our ability to effectively manage our supply of wafers from third party wafer foundries to meet any decreases or increases in our needs and the cost of such wafers, our ability to obtain additional capacity from our suppliers to increase production to meet any future increases in market demand; our ability to successfully integrate the operations and employees, retain key employees and customers and otherwise realize the expected synergies and benefits of our acquisitions; the impact of any future significant acquisitions or strategic transactions we may make; the costs and outcome of any current or future litigation or other matters involving our acquisitions (including the acquired business, intellectual property, customers, or other issues); the costs and outcome of any current or future tax audit or investigation regarding our business or our acquired businesses; fluctuations in our stock price and trading volume which could impact the number of shares we acquire under our share repurchase program and the timing of such repurchases; disruptions in our business or the businesses of our customers or suppliers due to natural disasters (including any floods in Thailand), terrorist activity, armed conflict, war, worldwide oil prices and supply, public health concerns or disruptions in the transportation system; and general economic, industry or political conditions in the United States or internationally. For a detailed discussion of these and other risk factors, please refer to Microchip's filings on Forms 10-K and 10-Q. You can obtain copies of Forms 10-K and 10-Q and other relevant documents for free at Microchip's website ( www.microchip.com ) or the SEC's website ( www.sec.gov ) or from commercial document retrieval services. Stockholders of Microchip are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this December 2, 2024 press release, or to reflect the occurrence of unanticipated events. About Microchip: Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. Our solutions serve approximately 116,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com . Note: The Microchip name and logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies. INVESTOR RELATIONS CONTACT: J. Eric Bjornholt, Senior Vice President and CFO (480) 792-7804