NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Lilium N.V. (OTC Other: LILM). Shareholders who purchased shares of LILM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/lilium-n-v-loss-submission-form/?id=113438&from=3 CLASS PERIOD: June 11, 2024 to November 3, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) defendants overstated the progress of the Company’s fundraising activities; (2) defendants overstated the likelihood and/or feasibility of obtaining sufficient funding to continue operations; (3) defendants failed to sufficiently disclose the imminent insolvency of the Company and its subsidiaries; and (4) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. DEADLINE: January 6, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/lilium-n-v-loss-submission-form/?id=113438&from=3 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of LILM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is January 6, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903Boxing Day shopper footfall was down 7.9% from last year across all UK retail destinations up until 5pm, MRI Software’s OnLocation Footfall Index found. However, this year’s data had been compared with an unusual spike in footfall as 2023 was the first “proper Christmas” period without Covid-19 pandemic restrictions, an analyst at the retail technology company said. It found £4.6 billion will be spent overall on the festive sales. Before the pandemic the number of Boxing Day shoppers on the streets had been declining year on year. The last uplift recorded by MRI was in 2015. Jenni Matthews, marketing and insights director at MRI Software, told the PA news agency: “We’ve got to bear in mind that (last year) was our first proper Christmas without any (Covid-19) restrictions or limitations. “Figures have come out that things have stabilised, we’re almost back to what we saw pre-pandemic.” There were year-on-year declines in footfall anywhere between 5% and 12% before Covid-19 restrictions, she said. MRI found 12% fewer people were out shopping on Boxing Day in 2019 than in 2018, and there were 3% fewer in 2018 than in 2017, Ms Matthews added. She said: “It’s the shift to online shopping, it’s the convenience, you’ve got the family days that take place on Christmas Day and Boxing Day.” People are also increasingly stocking-up before Christmas, Ms Matthews said, and MRI found an 18% increase in footfall at all UK retail destinations on Christmas Eve this year compared with 2023. Ms Matthews said: “We see the shops are full of people all the way up to Christmas Eve, so they’ve probably got a couple of good days of food, goodies, everything that they need, and they don’t really need to go out again until later on in that week. “We did see that big boost on Christmas Eve. It looks like shoppers may have concentrated much of their spending in that pre-Christmas rush.” Many online sales kicked off between December 23 and the night of Christmas Day and “a lot of people would have grabbed those bargains from the comfort of their own home”, she said. She added: “I feel like it’s becoming more and more common that people are grabbing the bargains pre-Christmas.” Footfall is expected to rise on December 27 as people emerge from family visits and shops re-open, including Next, Marks and Spencer and John Lewis that all shut for Boxing Day. It will also be payday for some as it is the last Friday of the month. A study by Barclays Consumer Spend had forecast that shoppers would spend £236 each on average in the Boxing Day sales this year, but that the majority of purchases would be made online. Nearly half of respondents said the cost-of-living crisis will affect their post-Christmas shopping but the forecast average spend is still £50 more per person than it was before the pandemic, with some of that figure because of inflation, Barclays said. Amid the financial pressures, many people are planning to buy practical, perishable and essential items such as food and kitchenware. A total of 65% of shoppers are expecting to spend the majority of their sales budget online. Last year, Barclays found 63.9% of Boxing Day retail purchases were made online. However, a quarter of respondents aim to spend mostly in store – an 11% rise compared with last year. Karen Johnson, head of retail at Barclays, said: “Despite the ongoing cost-of-living pressures, it is encouraging to hear that consumers will be actively participating in the post-Christmas sales. “This year, we’re likely to see a shift towards practicality and sustainability, with more shoppers looking to bag bargains on kitchen appliances and second-hand goods.” Consumers choose in-store shopping largely because they enjoy the social aspect and touching items before they buy, Barclays said, adding that high streets and shopping centres are the most popular destinations.
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Liverpool powered seven points clear at the top of the Premier League as the title favourites survived a scare in their 3-1 win against Leicester, while Bruno Fernandes was sent off in Manchester United's dismal 2-0 defeat at lowly Wolves. Erling Haaland missed a penalty as crisis-torn Manchester City failed to end their dismal run with a 1-1 draw against Everton, but it was United's travails and Liverpool's remarkable run that took centre-stage on Thursday. Arne Slot's side were shocked by Jordan Ayew's early strike at Anfield, but the leaders recovered their composure to equalise just before the interval through Cody Gakpo. England midfielder Jones marked his 100th top-flight appearance with the second goal soon after half-time. Mohamed Salah's 19th goal this term wrapped up Liverpool's 11th win in their last 13 games in all competitions. "We created enough, but because we went 1-0 down it was a game," Liverpool manager Slot said. "Then you saw how good we are and Leicester didn't want to come back into the game." Liverpool's comeback lifted them well clear of second-placed Chelsea, who were defeated 2-1 by Fulham earlier in the day. United suffered a third successive loss in all competitions to leave new boss Ruben Amorim with five defeats in his first 10 games. Fernandes was dismissed two minutes into the second half at Molineux for a second bookable offence. United's 10 men cracked in the 58th minute when Matheus Cunha's corner went straight in as goalkeeper Andre Onana flapped under pressure. Hwang Hee-chan compounded Amorim's misery when he tapped in with just seconds left. Losing to fourth-bottom Wolves was another bitter blow for United, who endured a humiliating 3-0 defeat by Bournemouth at Old Trafford last weekend after losing 4-3 in the League Cup at Tottenham. With his team marooned in 14th place -- just eight points above the relegation zone -- Amorim's woes might not be over, with United facing in-form Newcastle on Monday before travelling to Liverpool in their first game of 2025. "It's so tough to win games in this league with 11 men. With 10 men, it's more difficult," Amorim said. Champions Manchester City have just one victory in their last 13 games in all competitions as their Christmas schedule started in disappointing fashion. Bernardo Silva put City in front early on before Iliman Ndiaye salvaged a point for Everton. Seven minutes into the second half, Haaland had the chance to end his longest goal drought at the Etihad but Jordan Pickford denied him. City are languishing in seventh place and sit five points adrift of the top four, with their astonishing decline showing no sign of ending. "Of course we need results and we didn't get it. The team played really good again in all departments and unfortunately could not win," said City boss Pep Guardiola. At Stamford Bridge, Chelsea were stunned by Fulham's late fightback in a dramatic west London derby. It was Chelsea's first home defeat against Fulham since 1979. Cole Palmer put Chelsea ahead after 16 minutes, the England forward drilling home from the edge of the area after weaving through the Fulham defence in dazzling style. But Fulham levelled with eight minutes left when Harry Wilson nodded in from close range. There was worse to come for the Blues when Rodrigo Muniz completed the turnaround in the 95th minute. Nottingham Forest climbed to third place after a 1-0 win against sputtering Tottenham at the City Ground. Forest's fourth successive win was sweet revenge for boss Nuno Espirito Santo, whose former club Tottenham had Djed Spence sent off in the closing moments for a second booking. Tottenham are stuck in 11th as the pressure mounts on boss Ange Postecoglou. Newcastle swatted aside 10-man Aston Villa 3-0, moving up to fifth place after winning three consecutive league games for the first time since 2023. Jarrod Bowen's 59th-minute goal gave West Ham a 1-0 win at bottom of the table Southampton after the visitors saw Guido Rodriguez's red card overturned by VAR. It was a frustrating start for new Saints boss Ivan Juric, who has replaced the sacked Russell Martin. Bournemouth and Crystal Palace shared a goalless draw at the Vitality Stadium. smg/nfChild trashes Walmart in viral video as stunned employees and customers do nothing
KUWAIT: The Kuwait Integrated Digital Field (KwIDF) project is reportedly ushering in a new era for the country’s oil industry, driving significant advancements in production efficiency, cost reduction, and operational effectiveness. The project, developed by Kuwait Oil Company (KOC), leverages state-of-the-art digital technologies to optimize oil field management and enhance decision-making processes, marking a pivotal shift in the way oil and gas operations are conducted in the country. Officials told state news agency KUNA that KwIDF, which integrates real-time data analysis and advanced monitoring tools, has drastically improved the speed and accuracy of production processes. By streamlining operations and minimizing the need for human intervention, KwIDF allows for greater control over oil field performance while extending the lifespan of reservoirs. Revolutionizing oil field management Hamad Al-Zaabi, Director of Innovation and Technology at KOC, described KwIDF as one of the company’s most strategic projects, offering comprehensive solutions to monitor production and resolve operational issues. “The use of cutting-edge technology to analyze well data on an hourly basis has led to significant improvements in production, with annual revenue now exceeding KD 200 million (approximately $614 million),” Al-Zaabi said. The KwIDF system continuously collects and processes data from sensors and equipment across the oil fields, providing KOC staff with instant access to critical performance reports. This real-time data allows for swift decision-making, reduces downtime, and improves overall efficiency. Additionally, the system ensures that information is easily accessible, regardless of location, saving both time and resources. Enhancing decision-making Engineer Hamad Alrashidi, Head of the Integration Team for the northern fields, emphasized how KwIDF has transformed decision-making and monitoring within KOC. “The project has revolutionized how we track performance, handle large volumes of data, and make quick decisions,” Alrashidi explained. “KwIDF now covers over 95 percent of our wells, enabling us to efficiently manage a vast amount of information and identify potential issues before they become critical.” Alrashidi also highlighted that KwIDF has played a key role in reducing operational costs, improving the quality of services, and increasing KOC’s revenue. The system’s ability to consolidate various data sources into a unified platform has also reduced the need for third-party software, leading to significant cost savings. Reducing costs The digital field project has streamlined several operational processes, particularly in the management of drilling rigs and monitoring of production centers. By optimizing the distribution of drilling rigs, KwIDF has reduced operational expenses while allowing for continuous monitoring of a larger number of wells. “In addition to cutting costs, KwIDF provides real-time alerts and detailed reports to detect anomalies quickly,” said Alrashidi. “This ensures that operations continue smoothly, even in the most remote fields.” New career opportunities Basel Alotaibi, KOC Team Leader for Reservoir Research and Technology, noted that KwIDF has opened new career opportunities, particularly in areas such as information technology, software development, and cybersecurity. These roles, previously less common in the oil sector, are now critical as the industry embraces digital transformation. “We are also enhancing our infrastructure with 4G and 5G networks, as well as cloud-based systems to support the rapid transmission and analysis of data,” Alotaibi added. “These technological upgrades have significantly improved the accuracy and reliability of operations.” KwIDF reflects KOC’s commitment to leveraging the latest technologies to enhance operational efficiency, reduce costs, and ensure sustainable oil production. By incorporating advanced solutions such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, KOC is positioning itself at the forefront of digital innovation in the oil and gas sector. The project not only strengthens Kuwait’s position as a leader in oil production but also sets a new benchmark for the industry, ensuring greater productivity and operational sustainability for the future. — KUNA
Los Angeles Chargers running back Gus Edwards was ruled out for Saturday's road game against the New England Patriots with an ankle injury. Fellow Chargers running back J.K. Dobbins is close to returning from a four-game absence because of a knee injury, as he was listed questionable to play. Offensive lineman Trey Pipkins III (hip) and linebacker Denzel Perryman (groin) also have been ruled out for Saturday. Edwards, 29, has gained 365 yards rushing this season with four touchdowns, including two in Los Angeles' 34-27 victory over the Denver Broncos on Dec. 19. Dobbins, 26, gained 766 yards with eight TDs in 11 games (nine starts) during his first season with the Chargers. Dobbins joined the Chargers in the offseason while coming off an Achilles tear with the Ravens last season. The Chargers also have running backs Kimani Vidal and Hassan Haskins on the depth chart. Vidal, a rookie, has 131 yards in eight games this season, while Haskins has just 26 yards on 14 carries with a touchdown. The Chargers (9-6) can clinch a playoff berth with a win or tie against the Patriots. --Field Level Media
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Qatar tribune Agencies Oslo At least three people have died in a bus crash in Norway, police said. The accident happened at around 13:30 local time (12:30GMT) in the Hadsel district on the country’s north-western coast. The bus came off the road and ended up partially in the Åsvatnet lake, the authorities said in a press release. It is thought to have been carrying 58 people at the time of the crash - many of whom, police say, are foreign nationals. As well as the fatalities, police said four people had been seriously injured. Three people have been taken to Stokmarknes Hospital by rescue helicopter, while other passengers have been taken to a nearby school. Everyone has now been removed from the vehicle, according to local media. The Norwegian Red Cross said on social media that it was sending teams to help with a “serious bus accident” on the E10 road. Fire, ambulance and police teams have also been working at the scene. There have been reports of heavy snowdrifts and strong winds in the area, which has made rescue efforts difficult. Public broadcaster NRK reported that the bus had been travelling from the town of Narvik to the Lofoten archipelago. The mayor of the nearby Vågan district, Vidar Thom Benjaminsen, said a “crisis team” had been set up, and that a local hotel had been allocated for family members and as a reception centre. Prime Minister Jonas Gahr Støre said the crash was “a very serious situation” and that his thoughts were with everyone affected. Copy 27/12/2024 10( MENAFN - Jordan Times) AMMAN - Deputising for Senate President Faisal Fayez, Chairman of the Senate's Health, Environment and Population Committee Senator Yassin Hasban has recently inaugurated the second National conference on HIV Response and Reproductive and Sexual Health. The conference highlighted critical challenges and fostered aspirations for addressing reproductive health and HIV-related issues in Jordan. President of the Sawaed Tagheer Centre Abdullah Hanatleh emphasised the conference's goal to address pressing challenges while celebrating progress, according to a statement for The Jordan Times. The Sawaed Tagheer Centre is a Jordanian civil society organisation dedicated to promoting health and social development. With a focus on reproductive and sexual health, the centre works to combat stigma and discrimination, empower youth, and provide vital community support. Hanatleh underscored the need to boost partnerships, expand services, and provide accurate information through reliable channels. He said that stigma and cultural barriers continue to hinder awareness and demand for essential reproductive health and HIV services. Highlighting the intersection of reproductive health and HIV, Hanatleh called for urgent action to integrate HIV services with broader reproductive health initiatives, enhance risk-reduction strategies related to drug use, and accelerate the adoption of rapid and self-testing mechanisms. He also announced the launch of the annual“We Are All Positive” campaign, encouraging collective efforts to dismantle structural barriers to knowledge, services, and rights. Hamir Abdul-Mughni, representing the United Nations Population Fund (UNFPA), stressed that eliminating HIV is both a human rights imperative and a cornerstone of sustainable development. He acknowledged Jordan's exemplary position as one of the countries with the lowest HIV prevalence and called for regional collaboration to enhance prevention and treatment programmes. The two-day conference featured specialised sessions with international and local experts who addressed topics such as modern prevention methodologies, treatment advancements, and strategies to reduce stigma and discrimination. The discussions aimed to enhance partnerships and progress in reproductive and sexual health awareness, ultimately improving access to quality services. This conference served as a platform for stakeholders to collaborate and innovate, paving the way for a more inclusive and effective national response to HIV and reproductive health challenges, according to the statement. MENAFN02122024000028011005ID1108948998 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.
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