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Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Baraa Anwer, The Associated Press Dec 13, 2024 2:40 PM Dec 13, 2024 2:50 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message A view of the Red Sea International Film Festival banner displayed in Jeddah, Saudi Arabia, Thursday, Dec. 5, 2024. (AP Photo/Baraa Anwer) JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Roula Dakheelallah was named the winner of the Chopard Emerging Saudi Talent award at the Red Sea International Film Festival on Thursday. The award — and the glitzy festival itself — is a sign of Saudi Arabia's commitment to shaping a new film industry. “My heart is attached to cinema and art; I have always dreamed of a moment like this,” Dakheelallah, who still works a 9-5 job, told The Associated Press before the awards ceremony. “I used to work in voluntary films and help my friends in the field, but this is my first big role in a film.” The reopening of cinemas in 2018 marked a cultural turning point for Saudi Arabia, an absolute monarchy that had instituted the ban 35 years before, under the influence of ultraconservative religious authorities. It has since invested heavily in a native film industry by building theaters and launching programs to support local filmmakers through grants and training. The Red Sea International Film Festival was launched just a year later, part of an attempt to expand Saudi influence into films, gaming, sports and other cultural fields. Activists have decried the investments as whitewashing the kingdom’s human rights record as it tightly controls speech and remains one of the world’s top executioners. With FIFA awarding the 2034 World Cup to Saudi Arabia this week, Lina al-Hathloul, a Saudi activist with the London-based rights group ALQST, said Crown Prince Mohammad bin Salman “has really managed to create this bubble where people only see entertainment and they don’t see the reality on the ground.” These efforts are part of Vision 2030, an ambitious reform plan unveiled in 2016 to ease the economy's dependence on oil. As part of it, Saudi Arabia plans to construct 350 cinemas with over 2,500 movie screens — by this past April, across 22 cities, it already had 66 cinemas showing movies from the local film industry, as well as Hollywood and Bollywood. (The Red Sea International Film Festival attracts a host of talent from the latter industries, with Viola Davis and Priyanka Chopra Jonas also picking up awards Thursday.) The country's General Entertainment Authority last month opened Al Hisn Studios on the outskirts of Riyadh. As one of the largest such production hubs in the Middle East, it not only includes several film studios but also a production village with workshops for carpentry, blacksmithing and fashion tailoring. “These facilities, when they exist, will stimulate filmmakers,” said Saudi actor Mohammed Elshehri. “Today, no writer or director has an excuse to imagine and say, ‘I cannot implement my imagination.’” The facilities are one part of the equation — the content itself is another. One of the major players in transforming Saudi filmmaking has been Telfaz11, a media company founded in 2011 that began as a YouTube channel and quickly became a trailblazer. Producing high-quality digital content such as short films, comedy sketches and series, Telfaz11 offered fresh perspectives on Saudi and regional issues. In 2020, Telfaz11 signed a partnership with Netflix to produce original content for the streaming giant. The result has been movies that demonstrate an evolution on the storytelling level, tackling topics that were once off-limits and sensitive to the public like secret nightlife in “Mandoob” (“Night Courier”) and changing social norms in “Naga.” “I think we tell our stories in a very simple way, and that’s what reaches the world,” Elshehri says of the changing shift. “When you tell your story in a natural way without any affectation, it will reach every person.” But the films were not without their critics, drawing mixed reaction. Social media discoursed ranged from pleasure that Saudi film were tackling such topics to anger over how the films reflected conservative society. As Hana Al-Omair, a Saudi writer and director, points out, there are still many stories left untold. “We certainly have a long time ahead of us before we can tell the Saudi narrative as it should be,” she said, acknowledging that there are still barriers and rampant censorship. “The Goat Life,” a Malayalam-language movie about an Indian man forced to work without pay in Saudi Arabia, is not available on Netflix's platform in the country. Movies that explore political topics or LGBTQ+ stories are essentially out of the question. Even “My Driver and I,” featured at the Red Sea festival alongside 11 other Saudi feature-length films, was initially too controversial. It centers on a Sudanese man in Jeddah, living away from his own daughter, who feels responsible for the girl he drives as her parents are absent. It was initially blocked from being made because of the relationship between the girl and the driver, filmmaker Ahd Kamel has said, even though it's not a romantic relationship. Now in 2024, the film is a success story — a symbol of the Saudi film industry's evolution as well as the growing role of women like Kamel behind the camera and Dakheelallah in front of it. “I see the change in Saudi cinema, a very beautiful change and it is moving at a wonderful speed. In my opinion, we do not need to rush,” Dakheelallah said. “We need to guide the truth of the artistic movement that is happening in Saudi Arabia.” Baraa Anwer, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Entertainment News How to write a holiday rom-com for TV, according to the experts Dec 13, 2024 3:16 PM Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise Dec 13, 2024 2:53 PM Unique among 'Person of the Year' designees, Donald Trump gets a fact-check from Time magazine Dec 13, 2024 2:46 PM Featured Flyer
Dylan Dreyer gave her co-stars some light entertainment on Tuesday's episode of Today , after making a slight slip-up on the show. The NBC daytime star was on the main show filling in for Carson Daly and reporting on the latest entertainment news. The mother-of-three at one point made a slight mistake as she pronounced Timothee Chamalet's surname incorrectly, resulting in the other anchors stepping in. "Chamalet!" Hoda Kotb and Craig Melvin chimed in at once, as Al Roker teased: "Close though, close enough." "Chamalamadingdong," Al added laughing, while Hoda said: "Chamalama!" "When somebody makes a mistake, we just let it go right by" Al continued, putting on a serious voice. "I didn't even notice!" Savannah Guthrie responded, as Hoda teased: "We just let it go right by!" Dylan has been working on the Today Show since 2012, starting out both on Weekend Today as well as the Third Hour, but in 2022, she stepped down from her role on Weekend Today , to spend more time with her family. She often fills in for Al on the weather when he is off, and has joked in the past that she is waiting for him to retire so that she can get his job. The star also stepped in for Al in 2022, hosting the Macy's Thanksgiving Day Parade in his place while he was recovering following a medical scare. Dylan loves her job, and alongside working on Today, she also hosts Earth Odyssey and writes children's books. She has written a successful franchise, Misty the Cloud, which has become a New York Times bestseller. The best-selling author often shares glimpses into her home life on social media, from pictures of her adorable children - Calvin, Oliver and Rusty - to insights into her life as a busy working mom. She often posts relatable stories too, and last year admitted that while she's a pro at working on live TV and writing her own books, when it comes to reading to children, she finds it incredibly nerve-wracking. She got candid in an Instagram post back in 2023, alongside a picture of herself holding up the book she had been asked to read - 'I'm not scared, you're scared', by Seth Meyers. She wrote: "Mystery reader at Cal’s school today (he requested this book months ago for when I came into read). I was standing outside his classroom when he came running out to use the restroom. "I quickly ran and hid in a corner by the water fountains. Why do I get more nervous reading to my kid’s class than any other thing I do???" Fellow parents quickly reassured Dylan that this was totally normal, with one writing: "Your job is your job, this is personal," while another wrote: "Because it is the most important thing you do." A third added: "Mystery reader is very intimidating!! Kids will tell you like it is, no filter." A fourth sweetly remarked: "Because you're the mom. Just his mom. And that’s so precious. You’re the best."
As the two hours ticked by, the volunteers diligently wrote down every piece of information Liang Xin shared, carefully noting down names, dates, and locations that could potentially be key to unlocking the mystery of her past. They worked together as a team, cross-referencing details and brainstorming ideas to help Liang Xin in her search.
In one of the most momentous nights in recent South Korean history, President Yoon Suk Yeol and then hours later after lawmakers voted unanimously to reject it. On Tuesday night, Soon said temporary military rule was being imposed to "crush anti-state forces that have been wreaking havoc," accusing opposition lawmakers of sympathizing with North Korea. He said he would stop South Korea from "falling into the depths of national ruin." The move, however, was widely seen as a response to political setbacks, the reports. Last week, Yoon's approval rating fell below 20%.JEFF PRESTRIDGE: Loyalty counts for nothing if you want cheaper insurance cover By JEFF PRESTRIDGE FOR THE MAIL ON SUNDAY Updated: 16:59 EST, 28 December 2024 e-mail View comments Premiums in the car insurance market are settling down. Rampant premium inflation – Latin American-like at times – is over. But let's not get ahead of ourselves. The scrutineers' numbers paint a good picture. Average premiums are either falling sharply (15 per cent, according to Pearson Ham), dropping slightly (1.1 per cent, Consumer Intelligence), or increasing modestly (4 per cent, Go Compare). To put these figures into context, Consumer Intelligence says that average quoted car premiums have risen by 117 per cent – that is, more than doubled – since October 2013 when it first started collecting data. Averages, however, don't tell the entire story, as reader Tony Anderson points out. He contacted me following receipt of his renewal notice from the AA – a provider he has been with since December 2021 when he purchased a brand new Volkswagen ID3 electric car. For Tony, there was no 15 per cent decrease, no 1.1 per cent price drop or 4 per cent increase. The AA wanted him to pay £1,079 to renew – 43 per cent more than last year and triple the £309 he paid three years ago. Driven to distraction: Average quoted car premiums have risen by 117 per cent – that is, more than doubled – since October 2013 Understandably, Tony, a retired managing director of a forklift truck company, isn't best pleased. 'I've had a driving licence since age 17,' says the 83-year-old from Crowthorne in Berkshire. 'I have not made a claim for at least 25 years and have no penalty points. The only thing that has changed is that I am a year older.' Like any smart consumer, Tony shopped around for alternative cover – and found a policy with Ageas costing a tad over £600. He says: 'I've now got near identical cover to that which I had last year, but 44 per cent cheaper than the price AA wanted me to renew at. It's also 20 per cent lower than the price I renewed at this time last year.' Not someone to be scorned, Tony will also refuse to renew his breakdown cover next year, ending a 40-year relationship with the AA. 'You would have thought that loyalty would count for something,' he says, 'but it doesn't. AA thought I would pay whatever it asked for. Well, I've called its bluff.' Anyone who has just received a renewal notice from their insurer demanding a double-digit price increase should do what Tony did and shop around. Also, please drop me a line with a copy of your renewal notice at: jeff.prestridge@mailonsunday.co.uk . RELATED ARTICLES Previous 1 Next Woodford sheds tears over his fund but only for himself:... The insurance market flaw that must be rectified NOW Share this article Share HOW THIS IS MONEY CAN HELP What you need to know about money every week: This is Money podcast Don't let lethargy hijack your fund As the name implies, investment trusts are designed to generate returns for investors. Stock-market listed, they are easy to buy and sell, with investors – be they institutional or private – becoming shareholders. Although not all are winners, they can provide super long-term returns, comprising a mix of regular income and share price gains. I'm a fan. Their company structure means investors can attend annual general meetings (I've been to a few in my time) and ask questions of the board and managers (I've asked a few). They also get the right to vote. All very democratic. Yet like all listed companies, investment trusts can attract the attention of predators, especially when their share prices are cheap. And boy, many investment trusts are as cheap as chips, with share prices sitting at deep discounts to the value of their underlying assets. The biggest predator in town is American fund manager Saba Capital, led by financier Boaz Weinstein. It has built stakes in seven trusts in the hope ultimately of taking them over – Baillie Gifford funds Edinburgh Worldwide, Keystone Positive Change and US Growth; Janus Henderson trusts European Smaller Companies and Opportunities; CQS Natural Resources Growth & Income; and Herald. Early next year, shareholders in each of these trusts will be asked to vote for the appointment of Saba-supporting directors to the board. If voted on, these newbies will then push for Saba to take over the existing investment contract before seeking to merge the seven trusts. Other trusts – it has disclosable stakes in 24 – could also be targeted. The hurdle for Saba is a low one. All it needs to start forcing through change is a simple majority of voting shareholders in individual trusts to say yes to the new directors. Given Saba is relying upon private investor lethargy to get its way, the message to shareholders is loud and clear. Use it (your vote, that is) or lose it (the trust you're actually quite happy with, despite what Saba says). Train unions have left us going nowhere If my experience is anything to go by, there is as much chance of any train you need to catch in the coming days being on time – or even running – as there is of the Government hitting its annual target of 600,000 heat pump installations by 2028. Close to zilch. Two weeks ago I gave up trying to get home from London Paddington because most GWR staff seemed to be refusing to work – perhaps preferring instead to gorge on the generous backdated pay awards handed to them by the Government. Off the rails: Unable to get home from London Paddington, Jeff cycled to a crowded Waterloo, above Instead, I jumped on a bike to Waterloo where I caught an SWR train that stopped at every conceivable station possible between London and my home town of Wokingham. I stewed like one of my late mum's hot pots. Last weekend was no different, with massive gaps in services running from Reading to Paddington. When a train finally did turn up, most people couldn't get on it. Those who did felt like human sardines. The sad fact is that our railways are not fit for purpose, either in private or public hands. They are an embarrassment, run by the unions for the good of their members. A travesty. Time may be up for bungling Starmer Victimising the elderly has become this Government's hallmark. First it cruelly removed the winter fuel payment from more than 10 million pensioners. Then this month it dealt a hammer blow to 3.6 million women now in their mid-60s and early-70s by refusing to pay compensation for being given insufficient time to prepare for a sharp increase in their state pension age. The Government's decision is wrong on two levels. First, it flies in the face of a recommendation this year by the Parliamentary and Health Service Ombudsman. Concluding the Department for Work and Pensions was guilty of 'maladministration' for failing to communicate effectively the change in state pension age, it recommended that those women impacted should receive up to £2,950. What is the point of the Ombudsman if the Government can ride roughshod over its independent decisions? Second, it makes hypocrites of all those Labour ministers who in opposition backed 'Waspi' (women against state pension inequality) to the hilt, only now to give them the proverbial two fingers. Revolt is in the air with a Commons vote on Waspi compensation likely in the New Year. Though the Government will win it, the backlash from Labour MPs will be stronger than over winter fuel. With the economy under siege from the hike in business taxes, the Government is wobbling more than my late Mum's jellies. Happy New Year, readers. A new PM by this time next year? Don't rule it out. This is Money podcast A decade of the This is Money podcast in our special live epsiode Will you get richer in 2025? This is Money podcast What next for house prices and is it harder to buy a home now vs 1974? Are interest rate cuts about to stall - and what does it mean for you? Why have crypto prices soared - and should you be wary of a tax sting? Are we getting a fair deal on energy bills? This is Money podcast More This is Money podcasts Share or comment on this article: JEFF PRESTRIDGE: Loyalty counts for nothing if you want cheaper insurance cover e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.
On the other side of the platform, the Chinese team is not backing down without a fight. With a legacy of excellence in weightlifting, they are determined to reclaim their position at the top and show the world why they are considered one of the best in the sport. The competition between these two teams is intense, with each lift bringing them closer to victory or defeat.
Shoppers ring up £3.4bn Christmas debt time-bomb More consumers than ever turn to unregulated form of credit to fund Christmas New rules to protect shoppers will not be brought in until at least 2026 Experts say delay will leave consumers at risk of falling into debt for longer By JESSICA CLARK Updated: 16:50 EST, 28 December 2024 e-mail View comments British shoppers risk starting the New Year with a debt time-bomb after spending a record £3.4 billion using the buy now, pay later (BNPL) type of credit over the festive period. New figures showed that more consumers than ever have turned to the unregulated form of credit to fund Christmas this year. Despite Labour's vow to overhaul the sector, new rules to protect shoppers will not be brought in until at least 2026. Experts say that the delay will leave consumers at risk of falling into unaffordable debt for a further year. BNPL is a form of credit that allows shoppers to defer payments or pay for products in instalments. Critics say that it can trap users in a spiral of debt, and claim that information is not clear enough for customers and that affordability checks are only surface-level. Providers also charge fees or interest on late payments. Time-bomb: BNPL is a form of credit that allows shoppers to defer payments or pay for products in instalments Platforms have welcomed the Government's commitment to new rules that would end years of uncertainty after plans for regulation were first floated in 2021. BNPL giants such as Swedish firm Klarna, which is still planning a long-awaited US listing, and Clear Pay dominate the market in the UK. Some banks, such as Monzo, and retailers including Mike Ashley's Frasers Group offer their own BNPL services to customers. But despite the popularity of BNPL in the UK, another big player, Laybuy, collapsed into administration this year as customers tightened their belts. The amount spent through BNPL in November and December is expected to have climbed by 8.3 per cent year-on-year, according to forecasts by Adobe. And separate figures have shown that one in 12 UK adults – or 4 million people – will rely on credit over the Christmas period. Around 38 per cent of those will use BNPL, amounting to more than 1.5 million shoppers. That is a two percentage-point rise compared with 2023, when 36 per cent or 1.4 million borrowers used BNPL products over the festive period, according to debt charity StepChange. And women are particularly at risk, with 42 per cent of female borrowers relying on the lending compared with 32 per cent of men. The splurge comes despite retail sales over the festive period taking a tumble. 'Super Saturday', the final Saturday before Christmas Day, saw a disappointing 0.9 per cent rise in shopper numbers compared with 2023. RELATED ARTICLES Previous 1 Next Retailers face collapse as costs rocket and High St distress... Over 400 shop jobs lost every day this year as bleak retail... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Boxing Day, when people traditionally hit stores in search of post-Christmas bargains, also failed to provide a much-needed uplift for struggling retailers. Shopping activity on the morning of December 26 was down by nearly 9 per cent compared with last year, with high streets experiencing the sharpest declines, according to MRI Software. Analysts noted that rather than queuing outside of shops to hunt for bargains, many people were instead using Boxing Day to spend time with their families, dining out or attending sports matches. Simon Trevethick at StepChange said: 'BNPL services have grown in popularity over the last few years, but of course at this time of year using this type of interest-free credit can be even more popular as people see their budget stretched by Christmas expenses. 'While BNPL can be a useful way to spread the cost of gifts, food and other festive items, consumers can be at risk of falling into difficulty if the repayments become unaffordable in the New Year.' When regulation is introduced, BNPL firms will be regulated by the Financial Conduct Authority. That will mean providers will have to check that shoppers can afford the repayments before offering a loan. 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We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.President-Elect Donald Trump’s mass deportation plan for undocumented immigrants could have wide-ranging impacts across the country, particularly in Florida. But— at the moment— the state’s new leaders said it’s not their problem. While on the campaign trail, the former president regularly vowed to deliver mass deportation "on day one." At rallies, he often made the case by relating it to migrant crime. "When I'm re-elected, we'll begin removing these criminals, these horrible people from our midst," President-elect Trump said at a recent MAGA rally in Wisconsin. "And we'll end up doing it immediately." RELATED STORY | Scripps News/Ipsos poll: Support for mass deportations drops when Americans consider potential consequences Jan. 20 is now fewer than two months away. If President-elect Trump delivers, the changes to the Florida workforce and economy could be wide-ranging, some have even suggested devastating. Even so, Florida House Speaker Danny Perez (R) and Senate President Ben Albritton (R) sidestepped questions about the potential impacts, earlier this week. “Any sort of immigration policy that comes from the federal government is for the federal government to decide," said the House Speaker. "That's a question that you should be asking the president.” President Albritton said something similar, telling reporters Tuesday: “The federal government is the federal government. State government is state government. That's a federal issue." When pressed further about the possible disruptions from mass deportation, Albritton doubled down. “That's up to the federal government," said the Senate President. "We'll see what they do.” RELATED STORY | Trump's mass deportation plan targets specific groups of immigrants Exactly what they will do remains unclear. Trump has confirmed he’ll use the military. Texas has offered up land along the border for “deportation facilities.” Trump’s advisors have even said he’ll seek to again eliminate DACA, an Obama-era program that protects undocumented who arrived as children. Florida Democrats, like Rep. Marie Woodson (D-Pembroke Pines) a Haitian migrant herself — have warned for months what these mass deportations could mean for Florida. Her concern is a rise in bigotry and racial profiling. “For those who are afraid, I’ll tell you this— be afraid of Trump because he has proven to you who he is," said Woodson. “Okay, mass deportation. In mass deportation, you don't know who's going to be in that ‘mass.’ But we know for sure he doesn't want the people who came from the Biden program. Our brothers and sisters in Ohio. He doesn't want them here. He doesn't want the TPS recipient. He doesn't want Haitians in general.” There’s a major economic concern too. The latest data from the American Immigration Council show Florida has one of the highest populations of undocumented in the country, about 1.1 million. They’re about seven percent of the workforce here — with jobs in ag, hospitality, and construction, contributing about $2 billion to state and local taxes alone. The Brookings Institution recently suggested mass deportation could also lead to a decrease in work for citizens. Researchers found for every half million deported, U.S.-born employment dropped by about 44,000. “Occupations common among unauthorized workers, such as construction laborers and cooks, are essential to keep businesses operating,” the report said, in part. "Deporting workers in these jobs affects U.S.-born workers too." Florida’s governor and lawmakers have multiple state immigration laws already on the books, with strict work verification rules for employers. They have said they’re more focused on making the labor market inhospitable rather than mass deportation. "We're protecting Floridians with the full extent of our powers to do that," DeSantis said in May of last year, before signing an immigration reform bill. "But it's sad. It's sad to see what's happened. It's sad to see these images of the lawlessness." A new era may be on the horizon, however. For now, Florida’s lawmaking leaders seem content with waiting to see what happens next before going further. This story was originally published by Forrest Saunders at Scripps News Tampa .
NEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed.JEDDAH, Saudi Arabia (AP) — “My Driver and I” was supposed to be made in 2016, but was scuttled amid Saudi Arabia's decades-long cinema ban. Eight years later, the landscape for film in the kingdom looks much different — and the star of “My Driver and I” now has an award. Roula Dakheelallah was named the winner of the Chopard Emerging Saudi Talent award at the Red Sea International Film Festival on Thursday. The award — and the glitzy festival itself — is a sign of Saudi Arabia's commitment to shaping a new film industry. “My heart is attached to cinema and art; I have always dreamed of a moment like this,” Dakheelallah, who still works a 9-5 job, told The Associated Press before the awards ceremony. “I used to work in voluntary films and help my friends in the field, but this is my first big role in a film.” The reopening of cinemas in 2018 marked a cultural turning point for Saudi Arabia, an absolute monarchy that had instituted the ban 35 years before, under the influence of ultraconservative religious authorities. It has since invested heavily in a native film industry by building theaters and launching programs to support local filmmakers through grants and training. The Red Sea International Film Festival was launched just a year later, part of an attempt to expand Saudi influence into films, gaming, sports and other cultural fields. Activists have decried the investments as whitewashing the kingdom’s human rights record as it tightly controls speech and remains one of the world’s top executioners. With FIFA awarding the 2034 World Cup to Saudi Arabia this week, Lina al-Hathloul, a Saudi activist with the London-based rights group ALQST, said Crown Prince Mohammad bin Salman “has really managed to create this bubble where people only see entertainment and they don’t see the reality on the ground.” These efforts are part of Vision 2030, an ambitious reform plan unveiled in 2016 to ease the economy's dependence on oil. As part of it, Saudi Arabia plans to construct 350 cinemas with over 2,500 movie screens — by this past April, across 22 cities, it already had 66 cinemas showing movies from the local film industry, as well as Hollywood and Bollywood. (The Red Sea International Film Festival attracts a host of talent from the latter industries, with Viola Davis and Priyanka Chopra Jonas also picking up awards Thursday.) The country's General Entertainment Authority last month opened Al Hisn Studios on the outskirts of Riyadh. As one of the largest such production hubs in the Middle East, it not only includes several film studios but also a production village with workshops for carpentry, blacksmithing and fashion tailoring. “These facilities, when they exist, will stimulate filmmakers,” said Saudi actor Mohammed Elshehri. “Today, no writer or director has an excuse to imagine and say, ‘I cannot implement my imagination.’” The facilities are one part of the equation — the content itself is another. One of the major players in transforming Saudi filmmaking has been Telfaz11, a media company founded in 2011 that began as a YouTube channel and quickly became a trailblazer. Producing high-quality digital content such as short films, comedy sketches and series, Telfaz11 offered fresh perspectives on Saudi and regional issues. In 2020, Telfaz11 signed a partnership with Netflix to produce original content for the streaming giant. The result has been movies that demonstrate an evolution on the storytelling level, tackling topics that were once off-limits and sensitive to the public like secret nightlife in “Mandoob” (“Night Courier”) and changing social norms in “Naga.” “I think we tell our stories in a very simple way, and that’s what reaches the world,” Elshehri says of the changing shift. “When you tell your story in a natural way without any affectation, it will reach every person.” But the films were not without their critics, drawing mixed reaction. Social media discoursed ranged from pleasure that Saudi film were tackling such topics to anger over how the films reflected conservative society. As Hana Al-Omair, a Saudi writer and director, points out, there are still many stories left untold. “We certainly have a long time ahead of us before we can tell the Saudi narrative as it should be,” she said, acknowledging that there are still barriers and rampant censorship. “The Goat Life,” a Malayalam-language movie about an Indian man forced to work without pay in Saudi Arabia, is not available on Netflix's platform in the country. Movies that explore political topics or LGBTQ+ stories are essentially out of the question. Even “My Driver and I,” featured at the Red Sea festival alongside 11 other Saudi feature-length films, was initially too controversial. It centers on a Sudanese man in Jeddah, living away from his own daughter, who feels responsible for the girl he drives as her parents are absent. It was initially blocked from being made because of the relationship between the girl and the driver, filmmaker Ahd Kamel has said, even though it's not a romantic relationship. Now in 2024, the film is a success story — a symbol of the Saudi film industry's evolution as well as the growing role of women like Kamel behind the camera and Dakheelallah in front of it. “I see the change in Saudi cinema, a very beautiful change and it is moving at a wonderful speed. In my opinion, we do not need to rush,” Dakheelallah said. “We need to guide the truth of the artistic movement that is happening in Saudi Arabia.” Baraa Anwer, The Associated PressHerbert tosses 3 TD passes and Chargers secure a playoff spot with a 40-7 rout of Patriots FOXBOROUGH, Mass. (AP) — Justin Herbert threw three touchdown passes and the Los Angeles Chargers clinched their second playoff appearance in three seasons with a 40-7 victory over the New England Patriots. The win also secured the fourth postseason appearance in Jim Harbaugh’s five seasons as an NFL coach, adding to the three he made during his stint with tAshe San Francisco 49ers. Herbert finished 26 of 38 for 281 yards to become the third player in NFL history with at least 3,000 passing yards and 20 touchdown passes in each of his first five seasons. The Patriots have lost six straight games, their second such losing streak of the season. They are now 2-14 the last two seasons at home. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Trump attorneys call on hush money judge to toss criminal conviction — citing Hunter Biden’s pardonFor a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. On Monday, Chancellor Kathaleen St. Jude McCormick turned aside a request from Musk's lawyers to reverse a ruling she announced in January that had thrown out the compensation plan. The judge ruled then that Musk effectively controlled Tesla's board and had engineered the outsize pay package during sham negotiations. Lawyers for a Tesla shareholder who sued to block the pay package contended that shareholders who had voted for the 10-year plan in 2018 had been given misleading and incomplete information. In their defense, Tesla's board members asserted that the shareholders who ratified the pay plan a second time in June had done so after receiving full disclosures, thereby curing all the problems the judge had cited in her January ruling. As a result, they argued, Musk deserved the pay package for having raised Tesla's market value by billions of dollars. McCormick rejected that argument. In her 103-page opinion, she ruled that under Delaware law, Tesla's lawyers had no grounds to reverse her January ruling “based on evidence they created after trial.” What will Musk and Tesla do now? On Monday night, Tesla posted on X, the social media platform owned by Musk, that the company will appeal. The appeal would be filed with the Delaware Supreme Court, the only state appellate court Tesla can pursue. Experts say a ruling would likely come in less than a year. “The ruling, if not overturned, means that judges and plaintiffs' lawyers run Delaware companies rather than their rightful owners — the shareholders,” Tesla argued. Later, on X, Musk unleashed a blistering attack on the judge, asserting that McCormick is “a radical far left activist cosplaying as a judge.” What do experts say about the case? Legal authorities generally suggest that McCormick’s ruling was sound and followed the law. Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, said that in his view, McCormick was right to rule that after Tesla lost its case in the original trial, it created improper new evidence by asking shareholders to ratify the pay package a second time. Had she allowed such a claim, he said, it would cause a major shift in Delaware’s laws against conflicts of interest given the unusually close relationship between Musk and Tesla’s board. “Delaware protects investors — that’s what she did,” said Elson, who has followed the court for more than three decades. “Just because you’re a ‘superstar CEO’ doesn’t put you in a separate category.” Elson said he thinks investors would be reluctant to put money into Delaware companies if there were exceptions to the law for “special people.” What will the Delaware Supreme Court do? Elson said that in his opinion, the court is likely to uphold McCormick's ruling. Can Tesla appeal to federal courts? Experts say no. Rulings on state laws are normally left to state courts. Brian Dunn, program director for the Institute of Compensation Studies at Cornell University, said it's been his experience that Tesla has no choice but to stay in the Delaware courts for this compensation package. Tesla has moved its legal headquarters to Texas . Does that matter? The company could try to reconstitute the pay package and seek approval in Texas, where it may expect more friendlier judges. But Dunn, who has spent 40 years as an executive compensation consultant, said it's likely that some other shareholder would challenge the award in Texas because it's excessive compared with other CEOs' pay plans. “If they just want to turn around and deliver him $56 billion, I can't believe somebody wouldn't want to litigate it,” Dunn said. “It's an unconscionable amount of money.” Would a new pay package be even larger? Almost certainly. Tesla stock is trading at 15 times the exercise price of stock options in the current package in Delaware, Morgan Stanley analyst Adam Jonas wrote in a note to investors. Tesla's share price has doubled in the past six months, Jonas wrote. At Monday’s closing stock price, the Musk package is now worth $101.4 billion, according to Equilar, an executive data firm. And Musk has asked for a subsequent pay package that would give him 25% of Tesla's voting shares. Musk has said he is uncomfortable moving further into artificial intelligence with the company if he doesn't have 25% control. He currently holds about 13% of Tesla's outstanding shares.Tailoring your portfolio
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Moreover, the external support that many of these armed groups receive from foreign backers has also contributed to the factionalism within their ranks. Rival countries or organizations may have conflicting interests in the region, leading them to support different factions and exacerbating existing divisions. This external interference has further fueled distrust and resentment among the armed groups, making it difficult for them to cooperate effectively.
School district defends decision to punish parents for wearing pink ‘XX’ wristbandsNone
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NEW 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 Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Application (Residential and Commercial), Type (Permanent and Relocatable), and Geography (North America) Region Covered US Key companies profiled 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 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 Application 1.1 Residential 1.2 Commercial Type 2.1 Permanent 2.2 Relocatable Geography 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: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/modular-construction-market-in-the-us-to-grow-by-usd-7-37-billion-2024-2028-with-on-site-constraints-boosting-revenue-report-on-ai-driven-market-evolution---technavio-302320542.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved."Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.
Her children, now teenagers, had grown into exceptional individuals, with a passion for learning and a thirst for knowledge that was truly inspiring. Both of them had excelled academically, consistently ranking at the top of their classes and earning recognition for their outstanding achievements. Their academic success was a testament to the unwavering support and guidance of their mother, who had been their pillar of strength throughout the years.Trump's success at the English Open not only reaffirms his status as the best snooker player in the world but also underscores his unwavering commitment to excellence and his relentless pursuit of greatness. His ability to perform under pressure and deliver when it matters most sets him apart from his peers and cements his legacy as one of the greatest snooker players of his generation.