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Kanpur , The Indian Institute of Technology, Kanpur has terminated the PhD programme of the then Assistant Commissioner of Police, Mohd Mohsin Khan, who allegedly raped a 26-year-old IIT-K research scholar, an official said on Saturday. The action to cancel the PhD programme of Mohsin Khan, a 2013 batch PPS officer, has been taken after a recommendation from DGP headquarters. Mohsin Khan was pursuing his PhD in cybercrime and criminology from IIT-K. Director of IIT Kanpur Manindra Agarwal said that they have received a letter from the police department stating that the NOC issued for Khan to pursue the PhD programme has been cancelled. "Soon after getting the letter, the institute also terminated the PhD programme of Mohd Mohsin Khan, the then ACP Kanpur. The written communication has been made regarding termination," Agarwal told PTI. The IIT-K student lodged an FIR against Khan on December 24 on charges of criminal intimidation and defaming her. IIT-Kanpur's PhD student had stated in her FIR that Khan threatened her with serious life consequences and made objectionable posts with the intent to defame her by levelling fake charges. The ACP and his lawyer allegedly made a tweet and shared objectionable posts on social media platforms with the intent to defame her, the Assistant CP Abhishek Pandey said. After receiving threats from Khan, the student told the police that she had confined herself to her hostel as she was scared of the consequences. She also told the police that Khan befriended her by falsely claiming to be unmarried and established a relationship with her. He later pressured her for physical intimacy under the pretext of marriage, Pandey said. She further told the police that every time she would bring up marriage, Khan would harass her. Unable to endure the distress, she approached the IIT-K's administration, including the director and professors, who assured her support. Based on her complaint, a five-member Special Investigation Team headed by Additional DCP Archana Singh has been constituted to probe the matter, police said. "The SIT has been directed to conduct a detailed investigation and ensure the case is disposed of based on facts and evidence," Deputy Commissioner of Police Ankita Sharma had earlier said. Meanwhile, the SIT has given 48 hours to Mohsin Khan to record his statements in the case, an official associated with the SIT requesting anonymity said. This article was generated from an automated news agency feed without modifications to text.Elon Musk winds up Brits and calls for new UK election as two million sign petition
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‘Bharatiyata’ sustains national unity, says Prez at RSS eventDundee United are set to be boosted by the return of Louis Moult – the club’s “most natural finisher” – for Saturday’s testing trip to face Rangers. Moult, 31, has been absent since suffering a knock to the knee against Kilmarnock on September 28. The severity of the injury proved to be far worse than initially feared but, as reported by on Tuesday, the experienced frontman has been back in And boss Jim Goodwin has confirmed that Moult is set to be in contention for the clash at Ibrox, with the ex-Motherwell hero desperate to feature – even if that means playing through the pain barrier. “Moulty was unlucky,” reflected Goodwin. “After scoring a couple of goals, hitting form and getting his place in the team – for that (injury) to happen at Rugby Park was a major disappointment for him. “But he is back now. “There is still a little bit of discomfort, but his injury is different from the hamstring injuries to (Kristijan) Trapanovski and (Ross) Graham. “Moulty’s is more of an impact thing, so it’s more about whether you can play through the pain – and Moulty wants to do that.” Given he has been sidelined for close to two months, it would be a major shock to see Moult asked to produce anything more than a second half cameo. But given his pedigree and Goodwin reckons that could still be valuable if United are still in the game going into the final stages. “He is probably the most at the club,” continued Goodwin. “I see that every day in training. “Opportunities in front of goal might be limited on Saturday. . So, having someone like Louis available in the latter stages of the game could be important. “Hopefully, he’ll play a big part.” The game will come too soon for hamstring strain victims Kristijan Trapanovski and Ross Graham, with Goodwin adding: “Trapanovski came back from the muscle injury, and it happened again at Easter Road. “We don’t want a repeat of that with Ross Graham. We want everyone to be pain free when they come back – and be back for a long time.” Captain Ross Docherty suffered a slight setback as he seeks to reach peak fitness following a calf issue but is slated to take part in training on Friday. Goodwin is “hopeful” the midfielder will be in the squad against the Light Blues.Toronto Blue Jays officially sign reliever Garcia to two-year, US$15M deal
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It's a monumental turning point in Syria as President Bashar Al-Assad's reign came to an end this past week, along with a 13-year civil war. Families here in Ottawa took to the streets to celebrate the news. Ottawa is home to thousands of Syrian residents, most of whom had to flee their country to start a new life during President Assad's reign. Now there is optimism as many hope it will soon be possible to return home. Aeman Alkadour, owner of Alkadour Sweets located in Billings Bridge Shopping Centre, arrived in Canada in 2016. "It is freedom, finally," Alkadour said. At his bakery, he's handing out free sweets because of the freedom in his home country. "Now I know I can go to visit Syria. I can bring my children to see grandfather," he added. The world has learned of Assad's reign coming to an end as rebels have taken control of the capital, Damascus. The news resonated here in Ottawa — one of the first cities to welcome Syrian refugees back in late 2015 — with people flooding the streets to celebrate, waving flabs and calling loved ones back home. Sedra Alsadi is the president of the Syrian Revolution Club at the University of Ottawa. She moved to Ottawa with her family in 2017. "We are now able to put our dreams into start. I want this to happen," Alsadi said. "We have a lot of friends that are living in Europe right now, and they're all thinking, oh, I want to do this business now to rebuild Syria." "Let's say a psychiatric or I'm a physician or an engineer or whatever, we're all thinking of how can our experiences be built in there?" She added. She says there is certainly more work to be done, but she believes it's the first step towards a free country. "I'm hoping in the summer I'm able to be on ground finally with them and help families, help finally destroying the tents that many Syrians refugees are living in and moving them back to their actual homes, living their dreams again, and seeing kids, actually seeing their family members for the first time, or seeing their houses for the first time," Alsadi said. "Many Syrians fear not finding their imprisoned families alive, and the ones who have been freed are irreparably damaged by the immense torture they received," she added. "We need the international humanitarian community to act, as only 3,000 detainees have been found." While many families are hopeful to go home and help, Yaman Marwah, an immigration lawyer in Ottawa, says there are more questions than answers this early in the process towards freedom. "First step is done, Syria is liberated. What happens next is all going to depend on how the internal Syrian government starts getting formed. We have a lot of hope that everything is going to be done in a very formed and legal and proper manner," Marwah said. As it stands the Canadian government is issuing people to not travel to the Middle Eastern country, closing airports and borders as questions remain about what's next. "We're very optimistic. We're very hopeful. We've heard a lot of foreign presidents and countries, support what's happening in a very positive manner," Marwah added. "We're very optimistic." "When a new government coming there now, everything good," said Alkadour. "People can walk around, go everywhere, it's a free country, but now, need little time." Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks 21 Stocking Stuffers Under $5 For Everyone On Your List (And They're All From Amazon Canada) 19 Practical Gifts That Anyone Would Love To Unwrap 23 Great Secret Santa Gifts Under $15 From Amazon Canada Home The Good Stuff: Our Favourite Christmas Lights For 2024 Our Guide To The Best Sectional Sofas You Can Get In Canada Our Guide To The Best Electric Snow Shovels In Canada In 2024 (And Where To Get Them) Gifts The Best Gifts For 10-Year-Old Girls 19 Gifts Under $50 That Are Better Than A Gift Card 20 Of The Best Gifts Worth Splurging On In 2024 Beauty Our Guide To The Best Self Tanners You Can Get In Canada 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit Deals Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations The Waterpik Advanced Water Flosser Will Make Cleaning Your Teeth So Much Easier — And It's 40% Off For Cyber Monday Ottawa Top Stories FREEZING DRIZZLE ADVISORY | Up to 5 cm of snow, freezing drizzle expected in Ottawa Treasury Board president accuses PSAC of sharing 'misleading information' on $1.9 billion public service pension surplus BREAKING | Union reportedly drops wage demands in Canada Post negotiations City closes pedestrian bridge over Rideau River for winter use Syrians in Ottawa react to fall of Assad regime Salvation Army seeing significant drop in donations due to Canada Post strike OC Transpo fare hike will cost Ottawa school bus authority extra $4.6 million this school year City of Ottawa ends endorsement deal with water line insurer CTVNews.ca Top Stories LIVE UPDATES | Luigi Mangione arraigned, faces five charges Following his arrest in Altoona, Pa. earlier on Monday, Luigi Mangione was arraigned and charged with five counts, according to a criminal complaint. BREAKING | Union reportedly drops wage demands in Canada Post negotiations The Canadian Union of Postal Workers (CUPW) has reportedly dropped its wage demand to 19 per cent over four years, CTV News has learned. Sudbury, Ont., family traumatized after hospital said loved one had been released, when in fact they had passed away Sudbury resident Angela Vitiello says a staff member at Health Sciences North told her that her brother, Allan St. Martin, was released from the hospital late last month when, in fact, he had passed away. Liberal government survives third Conservative non-confidence vote Conservative Leader Pierre Poilievre's latest attempt to topple the minority Liberal government in a non-confidence vote failed on Monday, thanks to the New Democrats. Polygamous U.S. sect leader gets 50 years in prison in scheme to orchestrate sex involving children A polygamist religious leader in the U.S. who claimed more than 20 spiritual “wives” including 10 underage girls was sentenced to 50 years in prison on Monday. Montreal man retiring early after winning half of the $80 million Lotto-Max jackpot Factor worker Jean Lamontagne, 63, will retire earlier than planned after he won $40 million on Dec. 3 in the Lotto-Max draw. Katie Holmes refutes story about daughter Suri Cruise’s fortune Katie Holmes has posted a screen grab of a Daily Mail article, which reported that her 18-year old daughter, whose father is Tom Cruise, is now a "millionaire." Trudeau says dealing with Trump will be 'a little more challenging' than last time Prime Minister Justin Trudeau said dealing with incoming president Donald Trump and his thundering on trade will be 'a little more challenging' than the last time. Rupert Murdoch fails in bid to change family trust, New York Times reports A Nevada commissioner has ruled against Rupert Murdoch's bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday. Atlantic Eastern Canada storm to impact Maritimes with high winds Thursday An area of low pressure is forecast to develop into a strong storm as it moves from the northeastern U.S. into the St. Lawrence River Valley late Wednesday into Thursday. New report states cancer comes at a high physical and financial cost to Canadians A new report from the Canadian Cancer Society states, on average, a Canadian with cancer pays $33,000 out of their own pocket. 'Time of fear is behind us': Syrian-Maritimer reacts to the fall of the Syrian government Some Syrian-Canadians are greeting the fall of Bashar al-Assad’s government with a mix of hope and uncertainty. Toronto A 'traffic crisis': Economic, social impact of congestion cost Ontario more than $50B in 2024, study finds The cost of lost economic opportunities in the GTHA due to congestion totaled more than $10 billion in 2024 and that number rose to more than $47 billion when factoring in the “social impacts” that diminish a commuter’s quality of life, according to a new report. East Toronto shooting victim was a 'loving mother, daughter, cousin and niece,' says her mother A 34-year-old woman fatally shot inside of a home in Toronto's east end on Sunday evening was a 'loving mother, daughter, cousin and niece,' says her mother. LIVE UPDATES | Luigi Mangione arraigned, faces five charges Following his arrest in Altoona, Pa. earlier on Monday, Luigi Mangione was arraigned and charged with five counts, according to a criminal complaint. Montreal 'Looking for the Weinstein of Quebec': impresario Gilbert Rozon's civil trial begins Just for Laughs founder Gilbert Rozon's civil trial for sexual assault opened Monday at the Montreal courthouse with his lawyer portraying him as the scapegoat in a hunt to find Quebec's Harvey Weinstein. Montreal man retiring early after winning half of the $80 million Lotto-Max jackpot Factor worker Jean Lamontagne, 63, will retire earlier than planned after he won $40 million on Dec. 3 in the Lotto-Max draw. Thousands without power in the West Island Thousands of people in Montreal’s West Island are without power on Monday evening, with the majority in Dollard-des-Ormeaux followed by Dorval and Kirkland. Northern Ontario Sudbury, Ont., family traumatized after hospital said loved one had been released, when in fact they had passed away Sudbury resident Angela Vitiello says a staff member at Health Sciences North told her that her brother, Allan St. Martin, was released from the hospital late last month when, in fact, he had passed away. Murder suspect from TO loses bid to have trial moved out of 'vermin' infested Sudbury jail A man charged with a 2022 murder on Manitoulin Island will be tried in Sudbury, after a judge rejected arguments from the defence that Toronto or North Bay would be more convenient for his client. ATV driver in northern Ont. who fled spot check got stuck in a swamp A getaway went wrong for an ATV driver in Spanish, Ont., recently when they were caught by police on foot Windsor Windsor expands shelter system with overnight emergency spaces, 73 new warming centres Windsor city council has approved turning the Windsor Homelessness and Housing Help Hub into an overnight emergency shelter and adding six dozen warming centres to the region's shelter system. Windsor’s high unemployment rate doesn’t paint the whole picture: Experts New Statistic Canada number show there were over 18,000 people still unemployed in our area and looking for work in November. Windsor businesses brace for 'tax holiday' implementation Businesses in Windsor are entering a period of uncertainty as the holiday tax break goes into effect on Dec. 14. London What is walking pneumonia, and why are medical experts talking about it? This year, the province has seen the highest number of walking pneumonia cases since it began tracking the data in 2019 - MLHU officials are concerned about the trend. Craigwood Youth Services to cease operations after more than 70 years The interim executive director issued a statement saying the organization faces significant funding challenges and a shifting landscape for delivering their services. BREAKING | Union reportedly drops wage demands in Canada Post negotiations The Canadian Union of Postal Workers (CUPW) has reportedly dropped its wage demand to 19 per cent over four years, CTV News has learned. Kitchener Salvation Army says mail-in donations down almost 40 per cent in Kitchener-Waterloo The Salvation Army has seen a big drop in donations this holiday season. Transport truck collision closes part of Highway 401 near Homer Watson One lane of Highway 401, through Kitchener, was closed Monday after a transport truck driver took evasive action to avoid a crash. BREAKING | Union reportedly drops wage demands in Canada Post negotiations The Canadian Union of Postal Workers (CUPW) has reportedly dropped its wage demand to 19 per cent over four years, CTV News has learned. Barrie Man accused in Good Samaritan's death violates court-imposed order while in jail Brandon Aaron has been found guilty of violating a court-imposed non-communication order while behind bars in Penetanguishene. Horse-drawn buggy collision with straight truck sends 4 to hospital Four people were taken to the hospital after a collision involving a horse-drawn carriage and a straight truck in Southgate Township near Dundalk. Ontario Christmas tree season in full swing After two years of supply challenges and growing struggles, Ontario’s Christmas tree industry expects a very good holiday season ahead. Winnipeg Here's how much snow fell in parts of Manitoba Sunday A low pressure system brought snow, freezing rain and freezing drizzle to much of southern Manitoba starting Sunday. 11 train cars derail, closing Manitoba road for hours A train derailment near Portage la Prairie had traffic closed for several hours and almost a dozen railcars completely off the tracks. BREAKING | Union reportedly drops wage demands in Canada Post negotiations The Canadian Union of Postal Workers (CUPW) has reportedly dropped its wage demand to 19 per cent over four years, CTV News has learned. Calgary BREAKING | Parents charged in toddler son's death plead guilty to manslaughter The parents accused in the death of their 18-month-old son pleaded guilty to manslaughter charges in a Calgary courtroom Monday. BREAKING | Union reportedly drops wage demands in Canada Post negotiations The Canadian Union of Postal Workers (CUPW) has reportedly dropped its wage demand to 19 per cent over four years, CTV News has learned. Alberta cancels foreign worker recruitment trip to United Arab Emirates The Alberta government says it has pulled the plug on a foreign worker recruitment mission in the United Arab Emirates scheduled for early next year. Edmonton Family spokesman says slain Edmonton security guard had only been working 3 days A spokesman for the family of a security guard who police say was murdered while patrolling an Edmonton apartment building last week says the man had only been on the job for three days. Largest AI data centre in the world to be built in northwest Alberta The world's largest Artificial Intelligence data centre will be built in northwest Alberta and comes with an estimated $70 billion price tag. Man dies from injuries sustained during assault: Edmonton police Police are investigating the death of a man in central Edmonton over the weekend. Regina Sask. Court of Appeal denies White City's request to annex 4,000 acres from RM of Edenwold A land dispute that's been taking place just east of Regina for the past six years has been put to rest, according to the Rural Municipality (RM) of Edenwold. Regina homicide suspect makes national most wanted list A man wanted in connection to a fatal shooting in Regina earlier this year is now among Canada's top 25 most wanted. Sask. hockey player recovering after near fatal skate accident during game The Sask East Hockey League (SEHL) has released details of a near fatal accident at one of its games over the weekend – which saw a Churchbridge Imperials player suffer serious injuries after being struck with a skate. Saskatoon Emergency crews searching the South Saskatchewan River for body of missing man Saskatoon police and firefighters have begun searching the South Saskatchewan River for the body of a 48-year-old man who went missing late last month. Sask. RCMP lay murder charge in fatal February shooting The Saskatchewan RCMP have charged a man with first-degree murder for a fatal February shooting in North Battleford. Sask. hockey player recovering after near fatal skate accident during game The Sask East Hockey League (SEHL) has released details of a near fatal accident at one of its games over the weekend – which saw a Churchbridge Imperials player suffer serious injuries after being struck with a skate. Vancouver Toxic drug deaths in October lowest in 4 years, B.C. coroners service says Toxic drug deaths in October reached a low not seen in years, according to new preliminary data from the B.C. Coroners Service. 'Bombshell': Small Business BC abruptly declares bankruptcy A decades-old non-profit with a mandate of supporting B.C.'s small businesses abruptly declared bankruptcy – resulting in dozens of employees losing their jobs weeks before Christmas. B.C. selects 9 wind power projects to boost energy supply by 8 per cent a year British Columbia has given the green light to nine wind energy projects that will boost the province's hydro-electric grid by eight per cent a year, enough to power 500,000 homes. Vancouver Island Toxic drug deaths in October lowest in 4 years, B.C. coroners service says Toxic drug deaths in October reached a low not seen in years, according to new preliminary data from the B.C. Coroners Service. B.C. selects 9 wind power projects to boost energy supply by 8 per cent a year British Columbia has given the green light to nine wind energy projects that will boost the province's hydro-electric grid by eight per cent a year, enough to power 500,000 homes. 'Bombshell': Small Business BC abruptly declares bankruptcy A decades-old non-profit with a mandate of supporting B.C.'s small businesses abruptly declared bankruptcy – resulting in dozens of employees losing their jobs weeks before Christmas. Kelowna Study of 2023 Okanagan wildfires recommends limiting development in high-risk areas A study into the devastating wildfires that struck British Columbia's Okanagan region in 2023 has recommended that government and industry limit development in high-fire-risk areas. Kelowna, B.C., to host the Memorial Cup in the spring of 2026 The Western Hockey League's Kelowna Rockets will host the Memorial Cup in the spring of 2026, the Canadian Hockey League said Wednesday. 545 vehicles impounded in 332 days: BC Highway Patrol pleads for drivers to slow down Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day. 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KULR Technology ( KULR -2.92% ) , a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts, regained compliance with the NYSE American's listing standards, and made a big Bitcoin purchase to launch its own Bitcoin treasury. But should you buy, sell, or hold KULR's stock after that breathtaking rally? Let's review its business model, growth rates, valuations, and potential catalysts to decide. What does KULR Technology do? KULR develops energy storage solutions for the aerospace and defense industries. Its integrated products dissipate the heat of lithium-ion batteries with thermal interface materials, lightweight heat exchangers, and other safeguards against runaway heating. Its solutions can be customized across a wide range of power and electronic configurations, which makes them ideal for tiny spaces with size and weight limitations. KULR was founded in 2013, and it initially developed fiber-based thermal management technologies for NASA and other aerospace applications. Those heat-dissipating technologies became the foundation of its current business, and it went public as an over-the-counter (OTC) stock in 2018 before being uplisted to the New York Stock Exchange in 2021. How fast has KULR been growing? KULR's revenue rose 285% to $2.4 million in 2021, 66% to $4 million in 2022, and 146% to $9.8 million in 2023. That expansion was driven by its growing list of partners and customers, which includes SpaceX, Tesla , Meta Platforms , Boeing , and General Motors . Over the past three months, KULR expanded its existing U.S. Army battery contract, signed a new high-temperature battery-testing contract with the U.S. Navy, won a defense contract for a major missile program, and announced a plan to launch its KULR ONE Space (K1S) battery to a satellite via SpaceX's rideshare program in 2026. Analysts expect KULR's revenue to only grow 4% to $10.2 million in 2024, but they expect that figure to grow at a two-year compound annual growth rate (CAGR) of 123% to $50.8 million in 2026 as it recognizes more revenue from its contracts. They also expect it to narrow its net losses and squeeze out a net profit of $2.9 million in 2026. As KULR scales up its business, it plans to spend 90% of its surplus cash on Bitcoin purchases to build up a Bitcoin treasury. It recently made its first purchase of 217.18 Bitcoins for $21 million at an average price of $96,556.53. That strategy seems similar to MicroStrategy 's Bitcoin buying frenzy over the past four years, but MicroStrategy holds a lot more Bitcoin ($11.9 billion) as of Nov. 10 with a much lower average purchase price of $42,692. Can KULR justify its meme stock valuations? The bulls claim that KULR has carved out a defensible niche and can continue to scale up its energy solutions business as it accumulates more Bitcoin. The bears will point out that with an enterprise value of $1.15 billion, KULR is overvalued at 115 times this year's sales and 23 times its projected sales for 2026. They'll also point out KULR has increased its number of shares by 164% over the past five years, yet its insiders sold more than 50% as many shares as they sold over the past 12 months. They also didn't buy a single share over the past three months. So for now, KULR looks more like a meme stock than a sustainable growth stock. It's generating quite a buzz with its thermal technology, expanding customer base, and Bitcoin purchases, but it simply isn't bringing in enough revenue to support its sky-high valuations. Therefore, it's smarter to sell KULR's stock than to buy a new position or hold it in anticipation of bigger gains.
TORONTO — Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared a special distribution of $0.225 per Unit. The distribution will be payable in Units to Unitholders of record as at December 31, 2024. The special distribution will be made to distribute to Unitholders the taxable income realized by the REIT from transactions completed during the year ended December 31, 2024. The special distribution will be paid at the close of business on December 31, 2024 by the issuance of Units that have a fair market value equal to the dollar amount of the special distribution based on the closing price of the Units on the Toronto Stock Exchange on December 31, 2024. Immediately following the special distribution, the outstanding Units of the REIT will be consolidated such that the total number of Units outstanding will not change, and each Unitholder will hold, after the consolidation, the same number of Units as such Unitholder held before the special distribution. The amount of the special distribution generally should increase the tax cost basis of Unitholders’ consolidated Units for Canadian federal income tax purposes. The REIT cautions that depending on the tax status of the Unitholder, additional tax may arise associated with the special distribution. Unitholders not resident in Canada for Canadian federal income tax purposes will be subject to applicable withholding taxes in connection with the payment of the special distribution. The foregoing comments are not intended to be, and should not be construed as, legal or tax advice to any Unitholder. The REIT recommends that Unitholders consult their own tax advisors regarding the income tax consequences to them of this anticipated special distribution and related Unit consolidation. Inovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 13 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A. Inovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assets Inovalis Group ( ), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services. For further information, please contact: Inovalis Real Estate Investment Trust Tel: +33 1 5643 3315 Inovalis Real Estate Investment Trust Tel: +33 1 5643 3313Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market's other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.
From wealth and success to murder suspect, the life of Luigi Mangione took a hard turn
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