A MASKED thug has been filmed brandishing two huge "zombie knives" at passersby outside a school. The yob, dressed in a dark tracksuit and balaclava , was spotted walking around residential streets holding a pair of black, machete-like weapons . Advertisement 4 A masked thug was spotted brandishing two 'zombie knives' in Nottingham Credit: Twitter/@CrimeLdn 4 He was confronted by two heroic bystanders Credit: Twitter/@CrimeLdn A clip taken by a pedestrian posted on X showed the knifeman being confronted by a pair of brave bystanders on the street. The heroic Brits yelled at him to "put it away", saying: "Look at you. "Think you're a f****** hard man with a knife? "Get gone." Advertisement READ MORE UK NEWS FIND HIM Urgent hunt for man who 'pulled out gun' in terrifying mosque ambush HERE COMES BERT Map reveals where Storm Bert will hit with 70mph gales, blizzards & floods The thug seemed to lunge at the pair with his weapons before saying something in reply, but it was muffled by his mask. He then turned to walk away, placing both knives in one hand so he could make an obscene gesture with the other. The person holding the camera shouted after him: "I'd f*** off and all. "P**** Advertisement Most read in The Sun WAITING GAME Rangers-Dundee Utd kick off DELAYED amid Storm Bert chaos as new time revealed COLD SNAP Full List of Storm Bert chaos with TEN games off and THREE Prem matches delayed SNOW JOKE Shock moment SPFL team coach gets stuck in snow amid Storm Bert travel chaos Live Blog WEATHER BOMB Road chaos ensues amid treacherous conditions as Scots urged not to travel "F*** off." The video has been heavily circulated on social media, with the man attracting universal scorn from commenters. ‘Loner’ pie heir who knifed only pal to death in frenzied Xmas Eve attack as screams of horror heard is GUILTY of murder One person claimed on Facebook that the incident had taken place outside their grandchildren's school and that pupils had been sent home for the day. Another wrote: "He intimidated nobody. Advertisement "Nottingham folk don’t fear b*******." And a third added: "How are these [knives] getting into the country?" The Sun has contacted Nottinghamshire Police for comment. 4 The incident allegedly took place outside a school Credit: Twitter/@CrimeLdn Advertisement 4 Pupils were reportedly sent home for the day Credit: Twitter/@CrimeLdn
StockNews.com upgraded shares of Axsome Therapeutics ( NASDAQ:AXSM – Free Report ) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning. A number of other brokerages have also recently commented on AXSM. Bank of America upgraded shares of Axsome Therapeutics from a “neutral” rating to a “buy” rating and increased their price target for the company from $95.00 to $106.00 in a research report on Tuesday, August 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $107.00 price objective on shares of Axsome Therapeutics in a research report on Monday, September 16th. HC Wainwright reissued a “buy” rating and set a $180.00 price target on shares of Axsome Therapeutics in a research report on Thursday, September 5th. Royal Bank of Canada increased their target price on shares of Axsome Therapeutics from $130.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price objective on shares of Axsome Therapeutics in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.93. View Our Latest Research Report on Axsome Therapeutics Axsome Therapeutics Trading Up 0.5 % Axsome Therapeutics ( NASDAQ:AXSM – Get Free Report ) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($1.34) earnings per share for the quarter, topping the consensus estimate of ($1.38) by $0.04. The firm had revenue of $104.76 million for the quarter, compared to analysts’ expectations of $98.71 million. Axsome Therapeutics had a negative net margin of 91.87% and a negative return on equity of 158.36%. During the same quarter in the prior year, the firm posted ($1.32) earnings per share. As a group, research analysts anticipate that Axsome Therapeutics will post -4.75 EPS for the current year. Insiders Place Their Bets In other news, Director Mark E. Saad sold 11,016 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $91.31, for a total value of $1,005,870.96. Following the sale, the director now directly owns 10,002 shares of the company’s stock, valued at $913,282.62. The trade was a 52.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . 22.40% of the stock is owned by corporate insiders. Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in AXSM. Natixis increased its position in shares of Axsome Therapeutics by 13.6% during the 1st quarter. Natixis now owns 1,235 shares of the company’s stock valued at $99,000 after purchasing an additional 148 shares during the last quarter. Arizona State Retirement System grew its position in shares of Axsome Therapeutics by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 8,630 shares of the company’s stock valued at $695,000 after acquiring an additional 177 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Axsome Therapeutics by 22.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,736 shares of the company’s stock valued at $156,000 after acquiring an additional 318 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Axsome Therapeutics in the 2nd quarter worth $27,000. Finally, WCM Investment Management LLC raised its holdings in Axsome Therapeutics by 0.3% in the 3rd quarter. WCM Investment Management LLC now owns 113,692 shares of the company’s stock worth $10,191,000 after purchasing an additional 347 shares during the period. 81.49% of the stock is owned by hedge funds and other institutional investors. About Axsome Therapeutics ( Get Free Report ) Axsome Therapeutics, Inc, a biopharmaceutical company, engages in the development of novel therapies for central nervous system (CNS) disorders in the United States. The company’s commercial product portfolio includes Auvelity (dextromethorphan-bupropion), a N-methyl-D-aspartate receptor antagonist with multimodal activity indicated for the treatment of major depressive disorder; and Sunosi (solriamfetol), a medication indicated to the treatment of excessive daytime sleepiness in patients with narcolepsy or obstructive sleep apnea. See Also Receive News & Ratings for Axsome Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axsome Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter .Prosecutors Highlight 'Risk of Obstruction' if Diddy Gets Bail Before Trial: 'An Out-of-Control Individual'
Albania on Saturday announced a one-year ban on TikTok, the popular short video app, following the killing of a teenager last month that raised fears over the influence of social media on children. The ban, part of a broader plan to make schools safer, will come into effect early next year, Prime Minister Edi Rama said after meeting with parents' groups and teachers from across the country, Reuters reported. "For one year, we'll be completely shutting it down for everyone. There will be no TikTok in Albania," Rama said. Several European countries including France, Germany and Belgium have enforced restrictions on social media use for children. In one of the world's toughest regulations targeting Big Tech, Australia approved in November a complete social media ban for children under 16. Rama has blamed social media, and TikTok in particular, for fuelling violence among youth in and outside school. His government's decision comes after a 14-year-old schoolboy was stabbed to death in November by a fellow pupil. Local media had reported that the incident followed arguments between the two boys on social media. Videos had also emerged on TikTok of minors supporting the killing. "The problem today is not our children, the problem today is us, the problem today is our society, the problem today is TikTok and all the others that are taking our children hostage," Rama said. TikTok said it was seeking "urgent clarity" from the Albanian government. "We found no evidence that the perpetrator or victim had TikTok accounts, and multiple reports have in fact confirmed videos leading up to this incident were being posted on another platform, not TikTok," a company spokesperson said.No. 22 St. John's, Georgia pack busy schedule with game on Sunday
Craig 2-5 6-6 11, Goode 1-1 4-5 6, Millender 1-3 2-2 5, Walker 3-9 5-7 13, Zilinskas 11-20 5-5 32, Brown 3-7 4-4 11, Dudukovich 3-6 1-1 9, Garner 0-4 1-2 1, Rutland 0-2 0-0 0. Totals 24-57 28-32 88. Moodie 7-10 2-6 16, Bryant 3-5 10-11 17, Ford 6-12 7-8 20, Riley 3-11 0-0 9, Downey 1-5 0-0 2, Lee 2-4 1-1 5, Colon 0-2 0-0 0, Crosby 3-4 4-4 10, Smith 0-2 2-3 2, Greer 0-1 0-0 0, Abdur-Rahman 1-1 0-0 2, Kuir 0-0 0-0 0. Totals 26-57 26-33 83. Halftime_Alabama A&M 33-32. 3-Point Goals_IU Indianapolis 12-28 (Zilinskas 5-10, Dudukovich 2-4, Walker 2-5, Brown 1-2, Craig 1-3, Millender 1-3, Rutland 0-1), Alabama A&M 5-25 (Riley 3-11, Bryant 1-2, Ford 1-4, Lee 0-1, Smith 0-1, Colon 0-2, Downey 0-4). Fouled Out_Craig, Brown, Downey. Rebounds_IU Indianapolis 32 (Brown 8), Alabama A&M 32 (Ford 6). Assists_IU Indianapolis 11 (Walker 3), Alabama A&M 13 (Ford 7). Total Fouls_IU Indianapolis 23, Alabama A&M 26. A_320 (6,000).Maverick McNealy and Vince Whaley share the lead in an RSM Classic that is wide openMoment masked thug brandishes TWO ‘zombie knives’ outside school while brave passerby yells ‘put it away’
Atria Investments Inc purchased a new position in shares of Stride, Inc. ( NYSE:LRN – Free Report ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,216 shares of the company’s stock, valued at approximately $274,000. Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its holdings in Stride by 15.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 14,014 shares of the company’s stock valued at $884,000 after purchasing an additional 1,900 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Stride by 12.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,202 shares of the company’s stock worth $265,000 after acquiring an additional 481 shares during the period. UniSuper Management Pty Ltd acquired a new position in Stride during the 1st quarter worth $555,000. CANADA LIFE ASSURANCE Co boosted its holdings in Stride by 5.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 57,725 shares of the company’s stock valued at $3,639,000 after acquiring an additional 2,847 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Stride in the first quarter valued at about $77,000. Institutional investors and hedge funds own 98.24% of the company’s stock. Analyst Upgrades and Downgrades LRN has been the subject of several recent analyst reports. Canaccord Genuity Group started coverage on Stride in a research note on Thursday, August 8th. They set a “buy” rating and a $94.00 target price for the company. StockNews.com downgraded shares of Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Citigroup upped their target price on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. BMO Capital Markets raised their price target on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Barrington Research boosted their price objective on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.17. Insider Activity In other news, Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total value of $734,883.12. Following the sale, the director now owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This represents a 8.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Corporate insiders own 3.00% of the company’s stock. Stride Stock Up 0.5 % LRN opened at $103.93 on Friday. The company has a market capitalization of $4.53 billion, a P/E ratio of 18.80, a P/E/G ratio of 0.76 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The firm’s fifty day moving average price is $86.32 and its two-hundred day moving average price is $77.77. Stride, Inc. has a fifty-two week low of $54.81 and a fifty-two week high of $104.68. Stride ( NYSE:LRN – Get Free Report ) last posted its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, analysts anticipate that Stride, Inc. will post 6.66 EPS for the current year. About Stride ( Free Report ) Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students. Recommended Stories Five stocks we like better than Stride Why is the Ex-Dividend Date Significant to Investors? Tesla Investors Continue to Profit From the Trump Trade The Risks of Owning Bonds MicroStrategy’s Stock Dip vs. Coinbase’s Potential Rally What is a Death Cross in Stocks? Netflix Ventures Into Live Sports, Driving Stock Momentum Receive News & Ratings for Stride Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stride and related companies with MarketBeat.com's FREE daily email newsletter .Finding a gift that truly feels personal and meaningful is a challenge, but it’s also what makes the gesture so special. It’s not about ticking off boxes or buying something just because it’s easy. Gifting should reflect the person you’re giving it to — their tastes, needs, and values. Here’s where we come in, Cutting Edge has a well-curated collection of items that go beyond the ordinary. Our selections are practical, stylish, and designed to make a lasting impression. This holiday season (or any occasion!), let’s move beyond the generic and really think about what the person receiving the gift would truly enjoy. Gifting should be thoughtful, purposeful, and something that speaks to who the person is. With our carefully curated collection, you’re bound to find the perfect gift that’ll leave a lasting impression. Here are our Top Picks for Gifts That Matter this season: Shop it here: https://cuttingedge.com.ph/collections/moleskine Journals are no longer just for school notes or writing out your to-do list. They’re a canvas for your thoughts, ideas, dreams, and everything in between. The Moleskine® Hard Cover Holiday Notebooks is the perfect gift for anyone passionate about the festive season. This notebook is just the thing for people who love the holidays, with ruled pages to record memories and to plan all the moments that fill this special time of each year. The paperband is made for gifting with space to write both the name of the giver and the receiver. Shop it here: https://cuttingedge.com.ph/collections/moleskine Other available designs: Star Crystal, Star, Heart Available colors: gold, silver; SRP: P599.00 Get them here: https://cuttingedge.com.ph/collections/moleskine Are you in search of a modest yet significant present? The Moleskine® Pins are perfect for adding a little extra personality to someone’s favorite notebook. These pins, designed specifically for Moleskine notebooks and available in Gold and Silver. Allow your friend or loved one to infuse their journal or planner with a touch of festive flair. 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Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
Sunday, December 22, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Visa Rules Change: Major changes in US visa and H-1B program, Indians... Personal Finance Visa Rules Change: Major changes in US visa and H-1B program, Indians going to America will have to take care of these things By Shyamu Maurya December 22, 2024 0 9 Share Facebook Twitter Pinterest WhatsApp Telegram Visa Rules Change: Major changes in US visa and H-1B program, Indians going to America will have to take care of these things US Visa Changes: Indians looking for jobs in America should also know about the changes in visa rules. America has also announced new changes regarding the most popular H-1B visa. Most Indian citizens go to America for jobs through this visa. US H-1B Visa Changes: People going to America to study or work should be aware of the new visa rules. From January 1, 2025, many changes will be made to reduce the long wait for visa appointments at the US Embassy in India. At the same time, the US ‘Department of Homeland Security’ (DHS) is also going to make a big change in the H-1B visa program. These changes will make the visa process easier and faster for Indian tech professionals. Talking about the new rules for visa appointment, now the appointment can be rescheduled once without paying any additional fee. But if you reschedule for the second time or miss the appointment, you will need a new appointment. For this, you will again have to pay a non-refundable fee of $185 (about Rs 15,730). The US Embassy has said that people should reach on time on the day of appointment, so that the visa process continues smoothly and no one faces any problem. Changes in H-1B visa rules The US H-1B visa was being misused, to prevent which the government has made some changes so that only skilled professionals can get work permits. From January 17, 2025, applicants applying for H-1B visa will have to prove that their academic qualification is directly related to the job they are applying for. Due to the new rules, it will be difficult for those who do not have any specialization to get H-1B visa. In simple words, for IT sector jobs, you will get H-1B visa only if you have a degree in Computer Science or Engineering. Also, now the process of H-1B visa extension will also become easier. Immigration officers will be able to process the extension request on the basis of earlier approvals. In this way the paperwork will be reduced and decisions will come quickly. At the same time, now it will also be strictly checked whether the companies are following the terms of the H-1B program or not. Interview Waiver Program Expanded The Interview Waiver Program has been expanded. In this way, people who have previously applied for US visa will no longer need to give an interview. This will reduce the waiting time. Old records will be used to process new applications. The new rules will benefit the most those who travel to the US often or have a good visa history. The visas of these people will be renewed easily. These changes in the H-1B visa program show that the US government is committed to meeting the needs of key industries, including the tech industry. India is a major source of skilled workers for Silicon Valley and other US tech hubs. Therefore, these changes are considered an important step to reduce the backlog and meet the needs of high-demand sectors like IT. Join Informal Newz Tags America H-1B visa rules VISA Rules Change Share Facebook Twitter Pinterest WhatsApp Telegram Previous article Savings account rules: Do not deposit so much money in your bank account, otherwise be ready for a tax notice Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com RELATED ARTICLES Personal Finance Savings account rules: Do not deposit so much money in your bank account, otherwise be ready for a tax notice December 22, 2024 India Speed Limit on Expressway: You will have to pay a fine of Rs 2000 for driving a car faster than 75 kmph December 22, 2024 Personal Finance Income Tax Rules: Who will pay tax on the child’s earnings? Understand the tax rules December 22, 2024 - Advertisment - Most Popular Savings account rules: Do not deposit so much money in your bank account, otherwise be ready for a tax notice December 22, 2024 Speed Limit on Expressway: You will have to pay a fine of Rs 2000 for driving a car faster than 75 kmph December 22, 2024 Income Tax Rules: Who will pay tax on the child’s earnings? Understand the tax rules December 22, 2024 Special Flights Frae: There will be special flights from these cities for Maha Kumbh... only this much fare December 22, 2024 Load more Recent Comments Gul Mohiudin on Kavita sister-in-law wore a sari without a blouse, seeing the pictures you will also be... Venkatesh on Urfi Javed crossed all limits, wore a front open hoodie top without inner, see photos and videos Gul Mohiudin on Malaika Arora came out in a backless strappy dress late at night, someone had to handle the gown and someone held her hand Gul Mohiudin on Priyanka Chopra reached award function without bra, shame had to be saved repeatedly in open jacket Venkatesh on Disha Patani shared a bo*ld picture while taking a bath, seeing Tiger Shroff’s heart beat will increase EDITOR PICKS Savings account rules: Do not deposit so much money in your bank account, otherwise be ready for a tax notice December 22, 2024 Speed Limit on Expressway: You will have to pay a fine of Rs 2000 for driving a car faster than 75 kmph December 22, 2024 Income Tax Rules: Who will pay tax on the child’s earnings? Understand the tax rules December 22, 2024 POPULAR POSTS Savings account rules: Do not deposit so much money in your bank account, otherwise be ready for a tax notice December 22, 2024 Speed Limit on Expressway: You will have to pay a fine of Rs 2000 for driving a car faster than 75 kmph December 22, 2024 Income Tax Rules: Who will pay tax on the child’s earnings? Understand the tax rules December 22, 2024 POPULAR CATEGORY Personal Finance 18050 Entertainment 17065 India 4535 News 3785 Technology 2256 Jobs Alert 791 Travel 652 Education 451 ABOUT US INFORMALNEWZ brings the Latest News & Top Breaking headlines on Politics and Current Affairs. Up-to-date news coverage, aggregated from sources all over the world by informal Newz. Find latest news coverage of breaking news events, trending topics, and compelling articles. Contact us: informalnewz@gmail.com FOLLOW US Facebook Instagram Twitter WhatsApp Youtube © - 2024 - informalnewz | Izon web Pvt. Ltd. All Rights Reserved. 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Quiz wants to ditch London listing on AIM By CITY & FINANCE REPORTER Updated: 21:50 GMT, 22 December 2024 e-mail View comments Fast fashion retailer Quiz Clothing has revealed plans to abandon its listing on London's junior stock market amid a battle to stay afloat. Shareholders in Quiz, which has 60 UK stores, will be asked to vote to exit AIM at an investor meeting in January. Quiz said delisting will 'be in the best interests of the company and its shareholders'. Founder Tarak Ramzan and his family will vote to quit AIM, as will major investors Tajveer and Amraj Gill. Delisting?: Shareholders in Quiz will be asked to vote to exit AIM at an investor meeting in January RELATED ARTICLES Previous 1 Next Quiz's future looks 'shaky' amid festive sales slump Quiz becomes the latest victim of retail sector woes 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 In total, owners of 66.74 per cent of Quiz's shares are expected to back the delisting, which needs 75 per cent to pass. Meanwhile, Scottish-born Ramzan is in talks to prove a £1m loan to the retailer. DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Quiz wants to ditch London listing on AIM 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. More top storiesNo. 24 Illinois stuns Rutgers on Bryant's 40-yard TD reception with 4 seconds left
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TAIPEI, Taiwan – RCBC Executive Vice President and Chief Innovations and Inclusion Officer Lito Villanueva captivated a global audience of banking and finance visionaries at the 40th Asian Bankers Association (ABA) General Meeting and Conference with a powerful call to action on digital finance and sustainability. Speaking at a packed plenary on Technology-Driven Transformation in Banking, Villanueva showcased how innovative financial solutions and sustainable practices revolutionize the global banking landscape and drive inclusive growth. “Digital disruption and sustainable finance have transformed banking and expanded financial inclusion. Today, financial services reach every digital user, breaking free from physical branches to empower lives worldwide. This progress stands on decades of embracing new technologies and the power of digital transformation,” Villanueva stated. Highlighting the Philippines’ progress, Villanueva cited the Bangko Sentral ng Pilipinas’ success surpassing its Digital Payments Transformation Roadmap target, with 52.8% of retail financial transactions now digital. He also projected the Philippines as a rising digital economy, poised to reach a staggering US$1 trillion by 2033, according to S&P Global Market Intelligence. Villanueva emphasized that sustainable finance extends beyond economic benefits, offering digital solutions to underserved communities and fostering economic resilience and social inclusion. “By harnessing technology, we drive environmental responsibility and equitable growth, paving the way for a more sustainable and inclusive future,” he added. The plenary also featured insights from Mr. Shahid Syed, Managing Partner – Asia Pacific Financial Services Sector Leader of IBM Consulting, Mr. Titan Chia, Head of Information Management of CTBC Financial Holding, and Mr. Him Chuan Lim Group Head, Strategy Transformation, Analytics & Research of DBS Bank, each addressing how banks can navigate the challenges of digital transformation while ensuring security, efficiency, and regulatory compliance. The forum was moderated by Mr. Oliver Hoffmann, Managing Director and Head of Asia of Erste Group Bank AG. Villanueva also participated in the CEO Forum: The Great Banking Transition, joining a distinguished panel of global leaders to tackle the challenges and opportunities reshaping financial institutions amid rapid digital innovation, regulatory changes, and market disruptions. Drawing insights from the Philippines’ thriving digital economy, Villanueva stressed the importance of agility and resilience in adapting to the evolving financial landscape while ensuring institutions remain positioned for sustainable growth. Moderated by Tony Yang, President of CTBC Bank, the panel also featured Mr. Vinayak HV, Senior Partner at McKinsey & Company in Singapore; Mr. John Berry, CEO of Qorus; and Mr. Atsushi Masuda, Chairman of The Association of Credit Rating Agencies in Asia (ACRAA). With the theme “Asian Banks: Transitioning Towards a Sustainable Future,” the 40th ABA Conference held last November 18-19 provided a platform for thought leaders to shape the future of Asian banking, with sessions focused on sustainability, customer-centric services, and cross-border business strategies. Being business-savvy should be fun, attainable and A+. BMPlus is BusinessMirror's digital arm with practical tips & success stories for aspiring and thriving millennial entrepreneurs.Florida knocks No. 9 Ole Miss out of College Football Playoff contention
Accenture Plc’s renewed hiring—it added 49,000 people globally in the last six months—suggests technology services companies expect a much better growth in the coming months, according to analysts. The Dublin-headquartered company’s hiring spree paints a sanguine outlook for homegrown IT services companies that are expected to record better growth in the coming quarters, the analysts said. Accenture, which ended November 2024 with 799,000 employees, added 24,000 employees in the June-August 2024 period and 25,000 employees in the three months through November 2024. Its new recruits in the last six months alone make up about 6% of its overall workforce. Accenture follows a September-August accounting year. India’s $254-billion software services industry, with big names like Tata Consultancy Services (TCS) Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd, reported their slowest revenue growth of 3.3% last year due to macroeconomic uncertainties. TCS, Infosys, and HCLTech grew 4.1%, 1.9%, and 5.4% on a yearly basis to respectively report $29.1 billion, $18.6 billion, and $13.3 billion in revenue for the year ended March 2024. Wipro and Tech Mahindra reported a yearly decline in revenue of 3.8% and 5% to $10.8 billion and $6.3 billion respectively. Also Read: Some analysts said a recovery is on the cards. “While a strong recovery of discretionary demand may take a few quarters, it is unlikely to worsen further, in our view," said Nomura analysts Abhishek Bhandari and Krish Beriwal in a note dated 19 September. “Onset of the interest rate cut cycle from September 2024 and a potential thaw in decision-making by US corporates post-US elections in November 2024 could provide a fillip to demand, in our view." Renewed hiring, which is an indicator of growth, suggests that homegrown IT services companies could also record better growth in the coming fiscal. “With the full employment situation in the US and expected economic stimulation from tax cuts in 2025, I anticipate a good year ahead for Indian IT with US corporate customers," said Phil Fersht, CEO and chief analyst, HFS Research. As the IT industry rebounds, headcount increase across software companies will be needed to meet the growing demand. “Growth has bottomed out and recovery is on the cards. While increasing headcount will be required to meet the additional demand for tech services now, the only uncertainty is the pace of recovery," said Pramod Gubbi, founder of Marcellus Investment Managers. “Strong headcount addition by Accenture does indicate improved demand. But demand may still not be as broad-based, as Accenture’s hiring could be aligned with strong order bookings in recent past, where it might have won against Indian peers. That said, headcount addition should continue for India IT services players as well, as they rebuild bench and correct pyramid," said Abhishek Kumar, equity research analyst with JM Financial Ltd. Indian IT services companies have already started adding headcount in anticipation of rising demand for their services. Four of the country’s top five IT services companies, including TCS, Infosys, Wipro, and Tech Mahindra, have added people since this fiscal year began in April. TCS added 11,178 employees in the first two quarters of FY25, compared to a fall in headcount of 5,900 in the same period last year. In total, TCS ended the September quarter with 612,724 employees. The company had outlined its plans to onboard 40,000 employees in the current fiscal ending March 2025. Also Read: Bengaluru-based Infosys added 598 net new jobs in the first half of the fiscal, compared to a fall in headcount by 14,470 in the first half of last fiscal. It ended the September quarter with 317,788 employees. The company is looking to hire 15,000 - 20,000 freshers for the year ended March 2025. Wipro added 1,315 employees since April this year. It had reduced its workforce by 13,863 employees in the first half of the last fiscal. It ended September 2024 with 233,889 employees. The Bengaluru-based IT services company aims to add up to 12,000 freshers by the end of this fiscal. Pune-headquartered Tech Mahindra Ltd increased its workforce by 8,818 since the start of the fiscal. This is against a net headcount reduction of 1,796 in the first half of the previous fiscal. Tech Mahindra ended the three months through September 2024 with 154,273 employees. By contrast, Noida-based HCLTech, the country's third-largest IT company, reduced headcount in the first half of this fiscal as well as the previous one. This fiscal, it cut 8,860 jobs after it got out of a joint venture with State Street, a Boston-based financial services provider. It had slashed 4,805 jobs in H1FY24. It ended the September quarter with 218,621 employees. Despite the reduced headcount, the company aims to add 10,000 freshers by the end of the current financial year. Accenture taps India's skilled talent pool For now, Accenture’s management attributed the hiring, now for the third consecutive quarter, to its business picking up. “So we did add about 24,000 people in the first quarter, which is really reflective of the momentum that we see in our business," said Angie Park, chief financial officer of Accenture, in the company’s post-earnings conference call with analysts on 19 December. Accenture reported $17.7 billion in revenue for the three months ended November 2024, up 7.8% sequentially. The NYSE-listed company got much of this new talent from India, where most of its employees are based, but did not mention what percentage of the new talent came from acquiring new companies. “Looking ahead, we'll continue to hire for the demand that we see and the skills that we need. And I'll give you a little bit more context that the hiring that we saw this quarter, similar to last, was that it was concentrated in India," said Park. The company attributed the hiring from India to the availability of skilled talent. Also Read: “And so they really are looking for optimization of the right skills because a big piece of why people, for example, use India, is about skills, right? 10 years ago, it was about labor arbitrage, right? Today, it is about the ability to get these skills at scale," said Julie Sweet, chief executive of Accenture, at the company’s post-earnings press conference, while answering a question on clients wanting employees working from their own locations. While Sweet considers India’s talent pool as skilled, placement officers at the country’s engineering colleges that supply workforce to these companies are highlighting a growing demand for this skilled talent. “Companies today prefer to hire students skilled in AI, machine learning, and data analytics to name a few because these technologies are used across domains in different fields," said Sridhar K.S., dean of placement and training at PES University in Bengaluru. A second placement officer said the demand for skilled graduates has risen. “The companies have been asking us for skilled talent more now than they had in the past, as there are plenty of new technologies now," said Ranganath D, dean of placements at R.V. College of Engineering in Bengaluru. “Today, companies want students who have been skilled in AI, data analytics and machine learning and we encourage our students to take up such courses."None