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United Nations has called on Taliban authorities to protect journalists and media workers as well as ensure that media outlets can operate freely, without restrictions or censorship, in Afghanistan. In a joint report titled Media Freedom in Afghanistan, released on Tuesday, the UN Mission in Afghanistan (UNAMA) and the UN Human Rights Office documented the increasing challenges faced by journalists, media workers, and outlets under the Taliban rule between August 2021 and September 2024. “Journalists and media workers in Afghanistan work under unclear rules on what they can and cannot report, running the risk of intimidation and arbitrary detention for perceived criticism, said Roza Otunbayeza, head of UNAMA. “For any country, a free press is not a choice, but a necessity. What we’re witnessing in Afghanistan is the systematic dismantling of this necessity”. The report titled Media Freedom in Afghanistan outlined 256 instances of arbitrary arrest and detention, combined with 130 cases of torture and ill-treatment. An additional 75 documented cases of threats and intimidation have created a climate of fear. In response, the Afghan foreign ministry denied having arrested that number of journalists, saying that those detained had committed a crime. Meanwhile, UN High Commissioner for Human Rights Volker Turk emphasized the broader implications of these restrictions. “Journalists and media workers are not just observers – they are essential to ensuring transparency and accountability, fostering informed debate, he said, adding that they are crucial in helping communities access vital information about humanitarian and protection issues that directly affect their lives. The report’s findings reveal that female media professionals face severe restrictions. Those who continue to work face discriminatory regulations affecting everything from dress codes to which stories they can cover. During the daily media briefing at UN Headquarters, Deputy Spokesperson Farhan Aziz Haq highlighted this gender dimension: “Women journalists and media workers face particular discriminatory measures that limit their ability to do their work”. Ms. Otunbayeza also urged the de facto authorities to “fully recognize the importance of women working in the media sector”. The report also warns of the broader consequences of diminishing international support for Afghanistan’s media sector. “Technical and financial support for the media sector in Afghanistan, and thereby standing behind the importance of freedom of expression and public debate is instrumental for growth of the country,” Ms. Otunbayeza concluded. Looking forward, the UN is calling on the Taliban authorities to honour Afghanistan’s obligations under the International Covenant on Civil and Political Rights, which guarantees freedom of expression without discrimination. The report emphasizes that free press is essential not just for transparency and accountability but for the country’s social and economic development.
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INDIANA, Pa. and CINCINNATI, Oh., Dec. 18, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation ("First Commonwealth") FCF , the holding company for First Commonwealth Bank, and CenterGroup Financial, Inc. ("CenterGroup"), the holding company for CenterBank, today jointly announced the signing of an Agreement and Plan of Merger ("Agreement") providing for the merger of CenterGroup with and into First Commonwealth in an all-stock transaction valued at approximately $54.6 million in the aggregate, based upon the closing stock price of First Commonwealth as of December 17, 2024. Following the merger of CenterGroup with and into First Commonwealth, CenterBank will merge with and into First Commonwealth Bank. The business combination will significantly increase First Commonwealth's presence in the Cincinnati market, adding approximately $348.4 million of total assets 1 , 3 branch locations, a loan production office and a mortgage office to First Commonwealth's Cincinnati franchise. The transaction helps further First Commonwealth's commercially focused strategy within the Cincinnati market by adding a customer base that is 65% business. Under the terms of the Agreement, which has been approved by the boards of directors of both companies, CenterGroup shareholders will be entitled to receive a fixed exchange ratio of 6.10 shares of First Commonwealth common stock for each CenterGroup common share. The merger is expected to qualify as a tax-free reorganization and is expected to be completed in the first half of 2025, subject to certain closing conditions, including approval by CenterGroup shareholders and customary bank regulatory approvals. "We are pleased to welcome CenterBank into our organization, further expanding our commercial franchise within the attractive Cincinnati market. We have known the CenterBank team for a long time and believe their customer-focused, commercially oriented business model is a strong cultural alignment and augments our existing Cincinnati growth plans," said Mike Price, President and Chief Executive Officer of First Commonwealth. "The expansion of our branch network within greater Cincinnati allows us to attract additional talent, create meaningful customer relationships and deepen our penetration within the market." "We are excited to partner with First Commonwealth's growing and profitable franchise and believe the cultural alignment between our organizations is the ideal next chapter for CenterBank's customers, employees and shareholders. We have admired First Commonwealth's business and reputation within this market and are excited to be a part of its further expansion in Cincinnati. This combination also adds expanded banking products to our organization resulting in an enhanced experience for our customers, employees and community," said Stewart Greenlee, President and Chief Executive Officer of CenterGroup. Excluding certain one-time merger charges, the transaction is expected to be approximately 2% accretive to First Commonwealth's earnings in 2025, and approximately 3% accretive to earnings in 2026 once anticipated cost savings are fully phased in. Estimated tangible book value dilution is expected to be less than 2%, including the impact of estimated one-time charges. Advisors Raymond James & Associates, Inc. is serving as financial advisor and Squire Patton Boggs (US) LLP is serving as legal counsel to First Commonwealth. Janney Montgomery Scott is serving as financial advisor and Dinsmore & Shohl, LLP is serving as legal counsel to CenterGroup. About First Commonwealth Financial Corporation First Commonwealth Financial Corporation FCF , headquartered in Indiana, Pennsylvania, is a financial services Company with 125 community banking offices in 30 counties throughout western and central Pennsylvania and throughout Ohio, as well as commercial lending operations in Pittsburgh and Harrisburg, Pennsylvania, and Canton, Cleveland, Columbus and Cincinnati, Ohio. The Company also operates mortgage offices in Wexford, Pennsylvania, as well as Hudson and Lewis Center, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, equipment finance, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com . About CenterGroup Financial Corporation CenterGroup's wholly owned subsidiary, CenterBank, founded in 2000, was built upon an old concept: community banking. CenterBank knows its customers on a first name basis, keeps an open-door policy, and works hard to find common sense solutions for its customers. Specific product sets have been developed for deposits, residential mortgages and full-service banking to owner-managed businesses in the Greater Cincinnati market. CenterBank specializes, and that gives it the opportunity to deliver best in class service to its specific customer niche while effectively managing operating risk. CenterBank has sought to maximize growth within the constraints of acceptable profitability and capital levels to ensure stable and positive regulatory ratings. To learn more about CenterGroup and CenterBank please visit www.center.bank . Forward-looking Statements: This joint press release of First Commonwealth and CenterGroup contains "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act, relating to present or future trends or factors affecting the banking industry and, specifically, the financial operations, markets and products of First Commonwealth and CenterGroup. Forward-looking statements are typically identified by words such as "believe", "plan", "expect", "anticipate", "intend", "outlook", "estimate", "forecast", "will", "should", "project", "goal", and other similar words and expressions. These forward-looking statements involve certain risks and uncertainties. In addition to factors previously disclosed in First Commonwealth reports filed with the Securities and Exchange Commission and those identified elsewhere in this press release, the following factors among others, could cause actual results to differ materially from forward- looking statements or historical performance: ability to obtain regulatory approvals in a timely manner and without significant expense or other burdens; ability to meet other closing conditions to the merger, including approval by CenterGroup shareholders; delay in closing the merger; difficulties and delays in integrating the businesses of CenterGroup and First Commonwealth or fully realizing cost savings and other benefits; business disruption following the merger; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer acceptance of First Commonwealth products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; the inability to realize anticipated cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions and divestitures; economic conditions; and the impact, extent and timing of technological changes, capital management activities, and the actions and policies of the federal and state bank regulatory authorities and legislative and regulatory actions and reforms. First Commonwealth and CenterGroup undertake no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release. CONTACT Media Relations: Ron Wahl Communications and Media Relations Phone: 724-463-6806 E-mail: RWahl@fcbanking.com Investor Relations: Ryan M. Thomas Vice President / Finance and Investor Relations Phone: 724-463-1690 E-mail: RThomas1@fcbanking.com An investor presentation accompanying this release is available at: http://ml.globenewswire.com/Resource/Download/2a211734-7811-4664-bb65-4a4f56ab1be8 1 As of September 30, 2024 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.A pair of teams vying to put a stamp on overachieving campaigns will meet as Georgia Tech squares off with Vanderbilt in the Birmingham Bowl on Friday in Birmingham, Ala. Georgia Tech (7-5) is appearing in back-to-back bowl games for the first time since an 18-year run from 1997-2014, and a win would give the Yellow Jackets consecutive bowl wins for the first time in 20 years. For a Georgia Tech program that endured a 14-32 stretch from 2019-22, this season has given Yellow Jacket fans a reason to believe a resurgence is near. After knocking off No. 10 Florida State in the season opener, Georgia Tech climbed into the AP Poll for the first time in nine years. Although it was a short stay in the rankings, head coach Brent Key's team piqued the nation's interest again in November, when it took down undefeated No. 4 Miami, 28-23. The Yellow Jackets had another chance to shake up the college football landscape against then-No. 7 Georgia, but blew a late 14-point lead en route to an eight-overtime defeat. Now with one more opportunity against the Southeastern Conference, Key thinks the bowl organizers nailed this one on the head. "We're excited to go over to Birmingham and play a really good opponent," Key said. "I think this is a really good matchup. When you look at bowl games, that's what you look for, the matchups. And I think they got this one right." Georgia Tech quarterback Haynes King's 1,910 passing yards and 22 total touchdowns (11 passing, 11 rushing) have steadied the offense throughout the year, but the Yellow Jackets will be without their leading receiver, Eric Singleton Jr., who entered the transfer portal after the regular season and signed with Auburn on Monday. Starting defensive lineman Romello Height also transferred, meaning a next-man-up mentality will be in order for Key's squad. "One person is not going to make a difference as far as rotational depth," Key said. "We're going to continue to coach the guys that are here, and prepare them not only for this game but for the rest of their careers here at Georgia Tech." Singleton paced Georgia Tech with 754 receiving yards to go along with four total touchdowns, while Height tallied 2 1/2 sacks and a pair of forced fumbles. It wouldn't have surprised many college football pundits had Vanderbilt missed the postseason for a sixth straight year. The Commodores (6-6) were predicted last by a wide margin in the SEC preseason poll coming off last year's winless conference slate. However, the program's historic season can now be punctuated with its first bowl win in 11 years, thanks to a shocking Oct. 5 victory over No. 1 Alabama, along with its first win all-time at Auburn. Led by head coach Clark Lea, the revamped Commodores see a similar program on Friday in Birmingham. "Georgia Tech is a team I've taken notes on as Brent has built that program up," Lea said. "What an incredible transformation they've had; so much respect for them. ... This is our 10th bowl game in 134 years, it's a chance for our first winning season since 2013. You're going to have two teams that play a physical brand of football, two head coaches that care deeply about the institutions we represent. "These are two teams that are going to fight for a win and I don't think it gets better than that." The Commodores are led by quarterback Diego Pavia, who had 2,133 passing yards and 17 touchdowns in the air, paired with 716 rushing yards and six scores on the ground. Pavia, a transfer from New Mexico State -- and New Mexico Military Institute at the juco level -- won a court ruling last week that granted him a seventh year of eligibility in 2025. --Field Level Media
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It shows that support for the Fianna Fail party is at 21% ahead of polling day, only slightly ahead of their coalition partners Fine Gael and the largest opposition party Sinn Fein, who were neck-and-neck at 20%. The Red C-Business Post poll showed support for Fianna Fail unchanged, while Fine Gael had a slide of two percentage points and Sinn Fein gained two. The near dead-locked poll results came on Wednesday as fears over future economic threats took centre stage in the final stretch of the campaign. Taoiseach Simon Harris said he is taking a “project truth” approach to calling out Sinn Fein’s spending pledges as election results on the other side of the Atlantic put Ireland’s economic model into sharp relief. Donald Trump’s presidential election victory in the US has brought heightened concern around what his proposals for corporation tax and tariffs could mean for Ireland. Mr Harris, leader of Fine Gael, has argued Ireland and other EU countries need to prepare for the possibility of trade shocks as he criticised the scale of Sinn Fein’s spending pledges as well as their saving plans. He said: “I think that is irresponsible, I think it is dangerous and I think it is reckless.” He accused Sinn Fein leader Mary Lou McDonald of not being able to say what her party was prepared to do in the event of an economic crash, adding that Fine Gael would borrow and stop putting money towards a rainy-day fund. Asked if the party was engaging in “project fear” to dissuade voters against Sinn Fein, Mr Harris said: “I call it ‘project truth’. It’s telling people what’s being discussed right across European capitals.” Ms McDonald told an RTE interview on Wednesday morning that a Sinn Fein government would also be prepared to start borrowing in the event of an economic downturn. Both Mr Harris and Fianna Fail leader Micheal Martin, who were partners in the last coalition government in Ireland, have made clear they will not countenance Sinn Fein as a potential partner in the next administration in Dublin. One day after the only three-way debate featuring the leaders of the main parties, Mr Martin accused Sinn Fein of being “dishonest” about how they will fund their manifesto plans. Speaking in Dublin on Wednesday, he said he is anxious to get clarity on the issue. “I think Sinn Fein have been very dishonest, frankly, in terms of the funds, because if you go through their figures, and this is a matter of fact, not opinion, they’re predicting a surplus of a billion in 2026, a billion in 2027. “Even in 2025, they’re talking about a mini budget, which would mean reducing the surplus that we’re anticipating in 2025. “There’s a legislative obligation now on any new government to put 0.8% of GDP to one side, and into the funds. There’s no way you can do that with a surplus of a billion in 2026 or 2027, and we would argue they would not have enough funds next year either to put into the funds.” He added: “It means they have no room to manoeuvre if things go wrong, if there’s headwinds come externally, or there are shocks internationally, Sinn Fein is not allowing any headroom at all in terms of room to respond or to move it.” Ms McDonald accused the other two parties of conspiring to keep Sinn Fein out of government and prevent change in Ireland. She said the two men were now “indistinguishable” from each other as she claimed they were suffering “acute amnesia” in regard to their records in government. On a visit to Naas fire station in Co Kildare, she said: “To listen to them, you’d imagine they had just arrived on the scene and that they were going to come up with all of these solutions. “They have had ample chances, ample opportunity, to make things better, and they have failed, and in between the two of them I make the case that now we ask for our chance, with our plans, with our team, to demonstrate how change can happen, how your community, your family, yourself, can be supported when the government is actually on your side.” Mr Martin’s and Mr Harris’ coalition partner Roderic O’Gorman, the leader of the Greens, issued a warning to the public over a future government without his party. On Wednesday, he said it is looking likely that Fianna Fail and Fine Gael will be returned to government – but cautioned they may not want the Greens to continue “fighting hard” on policies. He told reporters: “My sense is certainly the mood music from Fianna Fail and Fine Gael is that they’d like an easier life in the next government – and my concern is they use these small populist parties and right-wing independents.” Mr O’Gorman argued that the Greens could continue to provide stability to government at a time when economic shocks may be around the corner. As the Green leader suggested that relying on independents would be unstable, Mr Martin has also argued that “too much fragmentation would lead to incoherence in government”. Reflecting on Tuesday night’s debate, the Fianna Fail leader said the race remained “too close to call” while Mr Harris said it is “all to play for”. The leaders of Ireland’s three main political parties clashed on housing, healthcare and financial management in the last televised debate before Friday’s General Election. The tetchy debate, which was marked by several interruptions, saw the parties set out their stalls in a broadcast that commentators said did little to move the dial before polling day. After the 2020 general election delivered an inconclusive result, Fine Gael and Fianna Fail, two parties forged from opposing sides of Ireland’s Civil War of the 1920s, agreed to set aside almost a century of animosity and share power – with the Greens as a junior partner. From 2016 to 2020, Fianna Fail had supported Fine Gael in power through a confidence-and-supply arrangement from the Opposition benches in the Dail parliament. Sinn Fein won the popular vote in 2020 but a failure to run enough candidates meant it did not secure sufficient seats in the Dail to give it a realistic chance of forming a government.