( MENAFN - GetNews) Newland Payment technology FlyKey: Remote Key Injection About FlyKey Safe and convenient service FlyKey can integrates us more closely with customers, allows us to further participate in customers use of financial payment products in addition to sell POS terminals to customer, and jointly improves the payment ecological chain. And through safe and convenient services it creates value for customers and achieves a win-win situation. Delivering full security through the cloud, Flykey is a powerful new solution that allows operations with full secure remote key management capabilities, in conformity with the latest payment industry standards. Customer exclusive account Upload and store keys in secure environment Configure the key group and associate with terminals POS remote inject key Features Solve pain points in all aspects FlyKey not only complies with the specification standards throughout the process, but also provides stable eservices and rich scalability. Compared to traditional key injection methods, FlyKey makes everything easier and more cost-effective. Pass PCI PIN 3.1 and P2PE certifications Remote key injection Reduce labor costs Support a large batch of devices to inject keys at one time UPS support, support 7 * 24 hours service Provide rich interfaces for third-party services Safe and efficient management Remote Key InjectionA solution for remote secure flexible inject keys key types:DUKPT, MK/SKSupported POS types:Android/Linux/RTOS Key Security Implement key security, standardization, efficiency, centralized and unified, full life cycle security and compliance management, and include advanced key package management, group management, full monitoring. Terminal Management Provide a better management operation interface and support exporting terminal key inject records. Dashboard Provide visual and up-to-date RKI information, terminal information, and account information. Services & Support In order to meet the customer requirement of using FlyKey in complex environments, and improve the operation experience, we will provide you with comprehensive technical training, and a professional quick response team to solve customer problems timely. Company Overview Newland Payment Technology is dedicated to enabling the digital transformation of commerce through seamless and sustainable solutions, including our cutting-edge payment terminals. With over three decades of experience, we have successfully deployed more than 100 million terminals across 120+ countries and regions. Our primary focus lies in fostering innovation and sustainability, empowering businesses to thrive in the digital economy while minimizing their environmental footprint. Through leveraging robust global partnerships and offering comprehensive services, we are actively building an inclusive and eco-friendly payment ecosystem that drives efficiency, security, and sustainability in commerce. MENAFN17122024003238003268ID1109004734 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.DAYTONA BEACH, Fla. (AP) — Corey McKeithan's 27 points helped La Salle defeat Stetson 92-77 on Saturday. McKeithan also added five rebounds for the Explorers (5-2). Andres Marrero added 13 points while shooting 5 for 11, including 3 for 6 from beyond the arc while they also had six rebounds. Jahlil White had 13 points and shot 4 of 9 from the field and 5 of 8 from the free-throw line. Mehki finished with 20 points and seven rebounds for the Hatters (1-6). Abramo Canka added 14 points for Stetson. Jamie Phillips Jr. had 12 points and seven rebounds. The Hatters extended their losing streak to six in a row. La Salle went on an 18-3 run to make it 69-48 with 11:22 left in the half. White scored 10 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Stock market today: Wall Street slips as technology stocks drag on the market NEW YORK (AP) — Stocks slipped as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.4% Friday and the the Dow Jones Industrial Average lost 402 points, or 0.9%. The Nasdaq composite is down 2%. Technology stocks were the biggest drag on the market. The major indexes are still on track to close the week with gains, and the S&P 500 remains headed for its second consecutive annual gain of more than 20%. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen has targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said Thursday's bombardment took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. At least three people were reported killed and dozens injured in the Sanaa airport strike. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose. Finland stops Russia-linked vessel over damaged undersea power cable in Baltic Sea FRANKFURT, Germany (AP) — Finnish police say authorities detained a ship linked to neighboring Russia as they investigate whether it damaged a Baltic Sea power cable and several data cables. It was the latest incident involving disruption of key infrastructure. Police and border guards boarded the Eagle S and took control as they investigate damage to the Estlink-2 undersea power cable. The cable brings electricity from Finland to Estonia across the Baltic Sea. The cable went down on Wednesday. The incident follows damage to two data cables and the Nord Stream gas pipelines. Both have been termed sabotage. Climate-friendly electricity sees big battery projects soar again for 2024 2024 was another banner year for a source of electricity that is better for people’s lungs, better for climate change and may be reaching your home now when you turn on the lights or turn up the thermostat — large banks of batteries. Storing extra power in batteries effectively extends the hours of solar and wind power in a day. Storage is also important as global electricity demand rises. Last, it is important for increasingly frequent extreme weather events, worsened by climate change. Texas and California are embracing the benefits of batteries, but some other regions are dragging their feet. Russian ship that sank in the Mediterranean was attacked, owner says MOSCOW (AP) — The Russian operator of a cargo ship that sank in the Mediterranean Sea between Spain and Algeria says it has been hit by a series of explosions in an act of sabotage. Oboronlogistica is a state-controlled company that operated the Ursa Major freighter. The company said the vessel was wrecked by three powerful explosions just above the water line in what it described as a “terrorist attack” that caused it to sink on Monday. The company said in a statement carried by Russia’s state RIA Novosti news agency on Thursday that the explosions left a hole in the ship’s starboard and filled the engine room with acrid smoke. That hampered the crew’s attempts to access it.Hackers Leak Partial Cisco Data from 4.5TB of Exposed Records
NEW YORK — Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones industrial average notched another record high. The Standard & Poor’s 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% and nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the run-up to elections in November, then surging after Donald Trump’s victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It’s now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” Mark Hackett, chief of investment research at Nationwide, said in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts’ third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company’s Dish Network unit. Smaller-company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest factors in whether the broader market gains or loses ground. The company has grown into a nearly $3.6-trillion behemoth because of demand for its chips used in artificial intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% after a decision by the Supreme Court to allow a multibillion-dollar class-action investor lawsuit to proceed against the company. It stems from the privacy scandal involving the political consulting firm Cambridge Analytica. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny of consumer spending habits heading into the holiday shopping season. Walmart, the nation’s largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rate. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan’s consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It’s still up from 70.5 in October. The survey also showed that consumers’ inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the Conference Board, a business group, releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed’s preferred measure of inflation, and this will be the last PCE reading before the central bank’s meeting in December. Troise and Veiga write for the Associated Press.US homelessness up 18% as affordable housing remains out of reach for many people Federal officials say the United States saw an 18.1% increase in homelessness, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a surge of migrants in several parts of the country. The U.S. Department of Housing and Urban Development said that federally required tallies taken across the country in January found that more than 770,000 people were counted as homeless. That increase comes on top of a 12% increase in 2023, which HUD blamed on soaring rents and the end of pandemic assistance. Among the most concerning trends was a nearly 40% rise in family homelessness. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Israeli troops burn northern Gaza hospital after forcibly removing staff and patients, officials say DEIR AL-BALAH, Gaza Strip (AP) — Gaza's Health Ministry says Israeli troops have stormed one of the last hospitals operating in the territory's north on Friday and forced many of the staff and patients outside. Then they had to remove their clothes in winter weather. It was the latest assault on Kamal Adwan Hospital. Parts of it were set on fire. Staff say it has been hit multiple times in the past three months by Israeli troops waging an offensive against Hamas fighters in surrounding neighborhoods. Israel's military says Hamas uses the hospital as a base. It did not provide evidence, and hospital officials have denied it. Azerbaijani and U.S. officials suggest plane that crashed may have been hit by weapons fire U.S. and Azerbaijani officials have said weapons fire may have brought down an Azerbaijani airliner that crashed on Wednesday, killing 38 people. The statements from Rashad Nabiyev and White House national security spokesman John Kirby on Friday raised pressure on Russia. Officials in Moscow have said a drone attack was underway in the region that the Azerbaijan Airlines flight was destined for but have not addressed statements from aviation experts who blamed the crash on Russian air defenses responding to a Ukrainian attack. The plane was flying from Azerbaijan’s capital of Baku to Chechnya on Wednesday when it crashed, killing 38 people and leaving all 29 survivors injured. Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case ATLANTA (AP) — A judge has ruled that the Georgia state Senate can subpoena Fulton County District Attorney Fani Willis. It's part of a inquiry into whether Willis has engaged in misconduct during her prosecution of President-elect Donald Trump. But Fulton County Superior Court Judge Shukura Ingram is giving Willis the chance to contest whether lawmakers’ demands are overly broad before Willis responds. A Republican-led committee was formed earlier this year and sent subpoenas to Willis in August seeking to compel her to testify during its September meeting and to produce scores of documents. Willis argued that the committee didn’t have the power to subpoena her. In states that ban abortion, social safety net programs often fail families MEMPHIS, Tenn. (AP) — Tennessee has a nearly total abortion ban and a porous safety net for mothers and young children. GOP state leaders in Tennessee and other states that banned abortion after the U.S. Supreme Court overturned Roe v. Wade in 2022 argue that they are bolstering services for families. Recent research and an analysis by The Associated Press has found that from the time a Tennessee woman gets pregnant, she faces greater obstacles to a healthy pregnancy, a healthy child and a financially stable family life than the average American mom. Maryland sues maker of Gore-Tex over pollution from toxic 'forever chemicals' Maryland is suing the company that produces the waterproof material Gore-Tex. State officials say the company's leaders kept using so-called “forever chemicals” long after learning about serious health risks. The federal complaint alleges Delaware-based W.L. Gore & Associates polluted the air and water around 13 facilities in northeastern Maryland with chemicals that have been linked to certain cancers, reproductive issues and high cholesterol. They’re nearly indestructible and can build up in various environments, including the human body. The company stopped using the harmful chemicals in 2014 and says it’s working with state regulators on testing and cleanup efforts. Man indicted in burning death of woman inside a New York City subway train, prosecutors say NEW YORK (AP) — The man accused of burning a woman to death inside a New York City subway train has been indicted on state charges. A prosecutor announced Sebastian Zapeta’s indictment at a court hearing Friday. The development comes days after Zapeta’s arrest and subsequent police questioning in which they say he identified himself in photos and surveillance video showing the fire being lit. The indictment will be under seal until Jan. 7. He remains jailed. Federal immigration officials say the 33-year-old Zapeta is from Guatemala and entered the U.S. illegally. Authorities are continuing to work to identify the victim. Father of Raiders star Malcolm Koonce has 1983 conviction tossed after DA says it was tainted NEW YORK (AP) — Years before Las Vegas Raiders defensive end Malcolm Koonce was born, his father spent time in prison for an armed robbery conviction that prosecutors now say was tainted by a detective’s lies and “highly suggestive” photo identification techniques. Jeffrey Koonce, now 67, had his conviction vacated and his indictment dismissed by New York judge Friday. Koonce spent nearly eight years in prison for a 1981 robbery at Vernon Stars Rod and Gun Club in Mount Vernon, where three people were struck by shotgun pellets as patrons were looted of cash and jewelry. He has always maintained his innocence. Alex Ovechkin is on track to break Wayne Gretzky's NHL career goals record Alex Ovechkin of the Washington Capitals is chasing the NHL career goals record of 894 held by Wayne Gretzky. Ovechkin entered the season 42 goals short of breaking a record that long seemed unapproachable. He is set to play again Saturday at the Toronto Maple Leafs after missing more than a month with a broken left fibula. Ovechkin was on pace to get to 895 sometime in February before getting injured. At 868, he his 27 goals away from passing Gretzky.
( MENAFN - PR Newswire) LONDON, Dec. 18, 2024 /PRNewswire/ -- The global IPO market recorded 1,215 deals, raking in US$121.2b in proceeds for 2024, falling slightly behind 2023 levels. The second half of this year had a stronger performance compared with the first half, with the fourth quarter outperforming the three preceding quarters. These and other findings are available in the EY Global IPO Trends 2024 . India, for the first time, has risen to the number one position globally in IPO volume, listing nearly twice as many IPOs as the US and two-and-a-half times as many as Europe. Meanwhile, the US reclaimed the top spot globally for IPO proceeds for the first time since the 2021 peak, continuing to stand out as the most dynamic and attractive market for global investors. The US stock market's valuation also reached unprecedented levels, outpacing all other markets. In addition, a historic high of 55% of US public listings in 2024 were foreign issuers. Tightened regulations in the Chinese mainland contributed to its weakest IPO performance in a decade by number. Australia faced its sharpest decline in volume in more than 20 years. And Malaysia achieved a 19-year record high for number of IPOs, fueled by increased interest to its valuation and liquidity. In 2024, public listings of private equity- (PE) and venture capital- (VC) backed portfolio companies generated 46% of total global IPO proceeds, highlighting their substantial contribution to global IPO activity and reinforcing the critical role of PE and VC firms in shaping the IPO landscape. Out of the 20 mega IPOs in 2024, 12 were PE-backed, a significant increase from the two listed last year. There were also 18 unicorn IPOs listed in 2024, half of which were launched by VC firms, up from just three in 2023. Technology, media and telecommunications (TMT), industrials and consumer sectors dominated global IPOs, with an approximately combined 60% share across all sectors by both number and proceeds. Cross-border listings continued to increase in 2024 with a total of 113 listings compared with 83 in 2023. The US remained the leading destination for IPOs, while mid-to-large cap deals demonstrated a solid after-market performance. 2024 regional performance EMEIA emerged as the leader in both volume and proceeds among the regions, with 522 deals raising US$53.2b. The region contributed six of the top 10 largest public offerings, with three of them PE-/VC-backed. The Americas saw a strong recovery, reaching its highest IPO activity since 2021, in both volume and proceeds, with 205 IPOs raising US$33.1b. IPO activity in the Asia-Pacific region continued its downward trajectory that began in 2021, declining 35% in deals and 51% in proceeds year-over-year (YOY), although the second half of the year had a greater performance compared with the first half. AI companies continue to attract investors; crypto-focused firms gain momentum There are currently more than 600 artificial intelligence (AI) and AI-related public companies and nearly half of them have gone public in the past four years, many with VC backing, demonstrating how IPOs can help overcome funding challenges while driving innovation and growth. Approximately, 60 AI companies are currently in the process of IPO registration, with more than 400 in the pipeline, indicating continued investor interest and VC support in AI-driven innovations. If the AI vertical establishes a benchmark in successful IPOs, it could encourage other high-growth verticals to pursue IPOs, fueling broader market momentum in future years. The approval of Bitcoin and Ethereum exchange-traded funds (ETFs) in the US this year has enhanced the legitimacy of digital assets, which provides greater access for institutional investors and improved market liquidity, potentially driving a wave of IPO filings from crypto-focused firms. The success of these IPOs, however, also hinges on navigating regulatory challenges and showcasing robust compliance structures. Impact on IPOs post US election Historically, IPO activity has typically risen in the years following the US presidential elections, regardless of which party controls the majority. There's usually a certain amount of uncertainty in the lead up to an election, but, post-election, there is generally greater clarity in terms of policy direction and economic initiatives. This tends to stabilize market sentiment, creating a more favorable environment for IPOs. First-movers in a post-election year tend to include industrials, TMT and financials. However, nearly all sectors experience growth. 2025 outlook and beyond Mega trends, including shifting fiscal and monetary policies, geopolitical tensions and global supply chain, AI and digital transformation, new environmental, social and governance (ESG) priorities and the influence of the new US administration are reshaping the global IPO market. Despite these transformative forces, the IPO market remains on track for a strong performance in 2025, supported by a cautiously optimistic economic environment, increasingly favorable monetary policies and heightened liquidity and valuation levels. Simultaneously, the traditional global IPO market is evolving into interconnected, yet distinct regional ecosystems with their own sector specializations and growth drivers. The success of each sector is increasingly influenced by the economic conditions of its local market and the strategic priorities of the region. George Chan, EY Global IPO Leader, says: "Business transformation requires funding, and an IPO offers a powerful avenue to raise the capital needed to drive growth and innovation. After a period of slower activity, the global IPO market is regaining its momentum, supported by more favorable market conditions. The outlook for 2025 appears increasingly optimistic, with a strong pipeline of companies across sectors looking to capture the opportunities presented by this renewed market strength." Notes to editors About EY EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey. This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients. About EY Private As Advisors to the ambitiousTM, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey/private . About EY IPO services Going public is a transformative milestone in an organization's journey. As the industry-leading advisor in initial public offering (IPO) services, EY teams advise ambitious organizations around the world and helps equip them for IPO success. EY teams serve as trusted business advisors guiding companies from start to completion, strategically positioning businesses to help achieve their goals over short windows of opportunity and preparing companies for their next chapter in the public eye. ey/ipo About the data The data presented here is available on ey/ipo/trends . Q4 2024 refers to the fourth quarter of 2024 and covers completed IPOs from 1 October to 9 December 2024, plus expected IPOs by 31 December 2024 (forecasted as of 9 December 2024). Q4 2023 refers to the fourth quarter of 2023 and covers completed IPOs from 1 October to 31 December 2023. H1 2024 refers to the first half of 2024 and covers completed IPOs from 1 January 2024 to 30 June 2024. H2 2024 refers to the second half of 2024 and covers completed IPOs from 1 July to 9 December, plus expected IPOs by 31 December 2024 (forecasted as of 9 December 2024). 2024 refers to the full calendar year and covers completed IPOs from 1 January 2024 to 9 December 2024, plus expected IPOs by 31 December 2024 (forecasted as of 9 December 2024). 2023 refers to the full calendar year and covers completed IPOs from 1 January 2023 to 31 December 2023. All data contained in this document is sourced from Dealogic, Mergermarket, PitchBook, S&P Capital IQ, LSEG (Refinitiv) and EY analysis unless otherwise noted. The Dealogic data in this report are under license by ION. ION retains and reserves all rights in such data. SPAC data are excluded from all data in this report, except where indicated. Lauren Mosery EY Global Media Relations +1 732 977 2063 [email protected] Logo - MENAFN17122024003732001241ID1109004789 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Traveling to Europe in 2025? What to know about overtourismNEW ORLEANS -- rookie tight end broke a pair of pass-catching records in Sunday's game at the . Bowers first surpassed Pro Football Hall of Famer Mike Ditka's 63-year-old record for most receiving yards in a season by a rookie tight end with a 13-yard catch late in the second quarter. Bowers bested Ditka's mark of 1,076 yards set in 1961 for the . The Raiders rookie had 1,105 receiving yards on the season at halftime. In the second half, Bowers caught his fifth pass of the day for an 11-yard pickup. That gave him 106 receptions, one more than had for the Los Angeles Rams in 2023, to set the record for most catches in a season by a rookie at any position.
Joe Biden slams 'outrageous' ICC arrest warrant against Israeli Prime Minister Benjamin Netanyahu over alleged war crimes in Gaza By HARRIET LINE Published: 22:32, 22 November 2024 | Updated: 23:00, 22 November 2024 e-mail 1 View comments US President Joe Biden yesterday attacked as ‘outrageous’ the issuing of an arrest warrant against Israel’s prime minister, as splits among western leaders were laid bare. The International Criminal Court (ICC) issued a warrant to detain Benjamin Netanyahu and his former defence minister Yoav Gallant over alleged war crimes in Gaza . Britain has said it will follow its ‘legal obligations’, but the outgoing US President branded the ICC’s decision ‘outrageous’. ‘Let me be clear once again: whatever the ICC might imply, there is no equivalence – none –between Israel and Hamas . We will always stand with Israel against threats to its security,’ Mr Biden said in a statement. A warrant was also issued for Hamas military commander Mohammed Deif, although Israel has said he was killed in an air strike in Gaza in July. US President-elect Donald Trump ’s nominee national security adviser Mike Waltz warned there would be a ‘strong response to the anti-semitic bias of the ICC and UN come January’. Israel has also denounced the ICC decision, with Mr Netanyahu saying Israel ‘rejects with disgust the absurd and false actions’. And Hungarian prime minister Viktor Orban invited Mr Netanyahu to visit Hungary , pledging ‘if he comes, the ICC ruling will have no effect in Hungary’. But several other European countries – including the Netherlands , Finland , the Irish Republic, Italy and Spain – have said they would meet their President Joe Biden labelled an arrest warrant issued against Benjamin Netanyahu by the ICC as 'outrageous' Donald Trump’s nominee national security adviser Mike Waltz warned there would be a ‘strong response to the anti-semitic bias of the ICC and UN come January’ ICC commitments. Germany and France would not say what they would do if the Israeli leader entered their territory. Britain has said the UK would follow its ‘legal obligations’ , but ministers have declined to explicitly confirm whether Mr Netanyahu would be arrested if he set foot in the UK. Home Secretary Yvette Cooper sidestepped the question during a series of broadcast interviews yesterday, prompting criticism from a leading barrister. Sir Geoffrey Nice KC, who prosecuted Slobodan Milosevic told Times Radio it was ‘very unfortunate to hear government leaders of this country trying to avoid the rule of law’. The ICC’s decision sparked a furious backlash, with critics – including Tory former home secretary Suella Braverman – saying it raised doubts about the court’s judgment. She told the Mail: ‘This outrageous political decision from the court calls into serious question the ICC’s judgment. Yesterday’s decision will leave a mark of shame on the court. To equate Hamas’s terrorists with Israel ’s fight for survival is disgraceful.’ While saying the Government respected the independence of the ICC, Downing Street insisted Sir Keir Starmer would be happy to speak to Mr Netanyahu But Downing Street backed the ICC on Thursday after it issued the arrest warrants, saying the Government respected the independence of the court. A domestic court process would be required before Mr Netanyahu faced arrest if he visited the UK. Yesterday No 10 said Prime Minister Sir Keir Starmer would be happy to talk to Mr Netanyahu, in spite of the arrest warrant. The PM’s official spokesman said: ‘The Prime Minister will continue to speak to the prime minister of Israel and indeed other allies in order to conduct the essential business of reaching a ceasefire in the Middle East.’ Israel Benjamin Netanyahu Hamas Joe Biden Share or comment on this article: Joe Biden slams 'outrageous' ICC arrest warrant against Israeli Prime Minister Benjamin Netanyahu over alleged war crimes in Gaza e-mail Add commentInternational school teaches business and entrepreneurship in annual bazaar
Hopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities. US indices slid lower at the opening bell, with the tech-heavy Nasdaq Composite losing two percent during morning trading. Shares in Tesla were down over three percent in late morning trading while those in AI chipmaker NVIDIA shed around two percent. Wall Street stocks have historically performed well around the year-end holidays in what is popularly known as a Santa Claus rally. A Christmas Eve jump in equities got the Santa rally off to a flying start and indices barely budged in Thursday trading. Briefing.com analyst Patrick O'Hare also pointed to an increase in 10-year US Treasury bond yields to around 4.6 percent, which he noted is an increase of nearly 0.9 percentage points since the US Federal Reserve made its first interest rate cut in September. "The Fed doesn't hold sway over longer-dated maturities like it does over shorter-dated securities, so the bump in rates at the back end of the curve is being watched with an anxious eye as a possible harbinger of a pickup in inflation and/or the budget deficit," O'Hare said. Wall Street stocks took a knock earlier this month when the Fed indicated it would likely cut interest rates less than it had previously expected to. That was in part because of uncertainty tied to the stated intention of incoming president Donald Trump to raise tariffs, which could boost inflation that is already proving sticky. In Asia, Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters. The yen hit 158.08 per US dollar on Thursday evening -- its lowest in almost six months -- following comments made by Bank of Japan Governor Kazuo Ueda that failed to give a clear signal on a possible interest rate increase next month. Recent data has showed Japan's inflation rose for a second month in December, while industrial production declined less than expected in November and retail sales came in higher than estimated last month. Japan's government also on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare for its ageing population and on defence to tackle regional threats. In Seoul, the stock market closed down one percent after the won plunged to a nearly 16-year low of 1,487.03 against the dollar on Friday morning. South Korea is struggling to emerge from political turbulence in the wake of President Yoon Suk Yeol's martial law declaration this month, which prompted his impeachment. Acting President Han Duck-soo was also impeached Friday in a vote that prompted governing party lawmakers to protest with angry chants and raised fists. South Korea's business outlook for January fell in the Bank of Korea's composite sentiment index, the biggest month-on-month slide since April 2020, according to data based on almost 3,300 firms released Friday. In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election, emphasising the need for "political stability" in Europe's largest economy. More from this section New York - Dow: DOWN 0.8 percent at 42,987.31 New York - S&P 500: DOWN 1.2 percent at 5,967.31 New York - Nasdaq Composite: DOWN 1.7 percent at 19,676.01 London - FTSE 100: UP 0.2 percent at 8,149.78 (close) Paris - CAC 40: UP 1.0 percent at 7,355.37 (close) Frankfurt - DAX: UP 0.7 percent at 19,984.32 (close) Tokyo - Nikkei 225: UP 1.8 percent at 40,281.16 points (close) Seoul - Kospi: DOWN 1.0 percent at 2,404.77 (close) Hong Kong - Hang Seng Index: UP 0.1 percent at 20,116.93 (close) Shanghai - Composite: UP 0.1 percent at 3,400.14 (close) Euro/dollar: UP at $1.0431 from $1.0424 on Thursday Pound/dollar: UP at $1.2589 from $1.2526 Dollar/yen: DOWN at 157.53 yen from 158.00 yen Euro/pound: DOWN at 82.85 pence from 83.19 pence West Texas Intermediate: UP 1.2 percent at $70.42 per barrel Brent North Sea Crude: UP 1.1 percent at $73.62 per barrel burs-rl/rlpNoneOutnumbered creator breaks silence on 'depressing' storyline after Christmas backlashIs PEX Or PERT Better For Underfloor Heating?
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( MENAFN - PR Newswire) LONDON, Dec. 18, 2024 /PRNewswire/ -- The global IPO market recorded 1,215 deals, raking in US$121.2b in proceeds for 2024, falling slightly behind 2023 levels. The second half of this year had a stronger performance compared with the first half, with the fourth quarter outperforming the three preceding quarters. These and other findings are available in the EY Global IPO Trends 2024 . India, for the first time, has risen to the number one position globally in IPO volume, listing nearly twice as many IPOs as the US and two-and-a-half times as many as Europe. Meanwhile, the US reclaimed the top spot globally for IPO proceeds for the first time since the 2021 peak, continuing to stand out as the most dynamic and attractive market for global investors. The US stock market's valuation also reached unprecedented levels, outpacing all other markets. In addition, a historic high of 55% of US public listings in 2024 were foreign issuers. Tightened regulations in the Chinese mainland contributed to its weakest IPO performance in a decade by number. Australia faced its sharpest decline in volume in more than 20 years. And Malaysia achieved a 19-year record high for number of IPOs, fueled by increased interest to its valuation and liquidity. In 2024, public listings of private equity- (PE) and venture capital- (VC) backed portfolio companies generated 46% of total global IPO proceeds, highlighting their substantial contribution to global IPO activity and reinforcing the critical role of PE and VC firms in shaping the IPO landscape. Out of the 20 mega IPOs in 2024, 12 were PE-backed, a significant increase from the two listed last year. There were also 18 unicorn IPOs listed in 2024, half of which were launched by VC firms, up from just three in 2023. Technology, media and telecommunications (TMT), industrials and consumer sectors dominated global IPOs, with an approximately combined 60% share across all sectors by both number and proceeds. Cross-border listings continued to increase in 2024 with a total of 113 listings compared with 83 in 2023. The US remained the leading destination for IPOs, while mid-to-large cap deals demonstrated a solid after-market performance. 2024 regional performance EMEIA emerged as the leader in both volume and proceeds among the regions, with 522 deals raising US$53.2b. The region contributed six of the top 10 largest public offerings, with three of them PE-/VC-backed. The Americas saw a strong recovery, reaching its highest IPO activity since 2021, in both volume and proceeds, with 205 IPOs raising US$33.1b. IPO activity in the Asia-Pacific region continued its downward trajectory that began in 2021, declining 35% in deals and 51% in proceeds year-over-year (YOY), although the second half of the year had a greater performance compared with the first half. AI companies continue to attract investors; crypto-focused firms gain momentum There are currently more than 600 artificial intelligence (AI) and AI-related public companies and nearly half of them have gone public in the past four years, many with VC backing, demonstrating how IPOs can help overcome funding challenges while driving innovation and growth. Approximately, 60 AI companies are currently in the process of IPO registration, with more than 400 in the pipeline, indicating continued investor interest and VC support in AI-driven innovations. If the AI vertical establishes a benchmark in successful IPOs, it could encourage other high-growth verticals to pursue IPOs, fueling broader market momentum in future years. The approval of Bitcoin and Ethereum exchange-traded funds (ETFs) in the US this year has enhanced the legitimacy of digital assets, which provides greater access for institutional investors and improved market liquidity, potentially driving a wave of IPO filings from crypto-focused firms. The success of these IPOs, however, also hinges on navigating regulatory challenges and showcasing robust compliance structures. Impact on IPOs post US election Historically, IPO activity has typically risen in the years following the US presidential elections, regardless of which party controls the majority. There's usually a certain amount of uncertainty in the lead up to an election, but, post-election, there is generally greater clarity in terms of policy direction and economic initiatives. This tends to stabilize market sentiment, creating a more favorable environment for IPOs. First-movers in a post-election year tend to include industrials, TMT and financials. However, nearly all sectors experience growth. 2025 outlook and beyond Mega trends, including shifting fiscal and monetary policies, geopolitical tensions and global supply chain, AI and digital transformation, new environmental, social and governance (ESG) priorities and the influence of the new US administration are reshaping the global IPO market. Despite these transformative forces, the IPO market remains on track for a strong performance in 2025, supported by a cautiously optimistic economic environment, increasingly favorable monetary policies and heightened liquidity and valuation levels. Simultaneously, the traditional global IPO market is evolving into interconnected, yet distinct regional ecosystems with their own sector specializations and growth drivers. The success of each sector is increasingly influenced by the economic conditions of its local market and the strategic priorities of the region. George Chan, EY Global IPO Leader, says: "Business transformation requires funding, and an IPO offers a powerful avenue to raise the capital needed to drive growth and innovation. After a period of slower activity, the global IPO market is regaining its momentum, supported by more favorable market conditions. The outlook for 2025 appears increasingly optimistic, with a strong pipeline of companies across sectors looking to capture the opportunities presented by this renewed market strength." Notes to editors About EY EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets. Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow. EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories. All in to shape the future with confidence. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey. This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients. About EY Private As Advisors to the ambitiousTM, EY Private professionals possess the experience and passion to support private businesses and their owners in unlocking the full potential of their ambitions. EY Private teams offer distinct insights born from the long EY history of working with business owners and entrepreneurs. These teams support the full spectrum of private enterprises including private capital managers and investors and the portfolio businesses they fund, business owners, family businesses, family offices and entrepreneurs. Visit ey/private . About EY IPO services Going public is a transformative milestone in an organization's journey. As the industry-leading advisor in initial public offering (IPO) services, EY teams advise ambitious organizations around the world and helps equip them for IPO success. EY teams serve as trusted business advisors guiding companies from start to completion, strategically positioning businesses to help achieve their goals over short windows of opportunity and preparing companies for their next chapter in the public eye. ey/ipo About the data The data presented here is available on ey/ipo/trends . Q4 2024 refers to the fourth quarter of 2024 and covers completed IPOs from 1 October to 9 December 2024, plus expected IPOs by 31 December 2024 (forecasted as of 9 December 2024). Q4 2023 refers to the fourth quarter of 2023 and covers completed IPOs from 1 October to 31 December 2023. H1 2024 refers to the first half of 2024 and covers completed IPOs from 1 January 2024 to 30 June 2024. H2 2024 refers to the second half of 2024 and covers completed IPOs from 1 July to 9 December, plus expected IPOs by 31 December 2024 (forecasted as of 9 December 2024). 2024 refers to the full calendar year and covers completed IPOs from 1 January 2024 to 9 December 2024, plus expected IPOs by 31 December 2024 (forecasted as of 9 December 2024). 2023 refers to the full calendar year and covers completed IPOs from 1 January 2023 to 31 December 2023. All data contained in this document is sourced from Dealogic, Mergermarket, PitchBook, S&P Capital IQ, LSEG (Refinitiv) and EY analysis unless otherwise noted. The Dealogic data in this report are under license by ION. ION retains and reserves all rights in such data. SPAC data are excluded from all data in this report, except where indicated. Lauren Mosery EY Global Media Relations +1 732 977 2063 [email protected] Logo - MENAFN17122024003732001241ID1109004789 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.