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Chancellor Rachel Reeves is headed on a collision course with public sector unions who have hit out at proposals to raise pay for more than a million public sector workers by 2.8 per cent next year. Inflation is predicted to average 2.5 per cent this year and 2.6 per cent next year, according to forecasts from the Office for Budget Responsibility. The British Medical Association said the Government showed a "poor grasp" of unresolved issues from two years of industrial action, and the Royal College of Nursing called the pay recommendation "deeply offensive". The National Education Union's chief said teachers were "putting the Government on notice" that the proposed increase "won't do". The pay recommendations came after Ms Reeves called for every Government department to cut costs by 5%, as she started work on a sweeping multi-year spending review to be published in 2025. Independent pay review bodies will consider the proposals for pay rises for teachers, NHS workers and senior civil servants. The Department of Health said it viewed 2.8% as a "reasonable amount" to set aside, in its recommendations to the NHS Pay Review Body and the Doctors ' and Dentists' Remuneration Board remit groups. A 2.8% pay rise for teachers in 2025/26 would "maintain the competitiveness of teachers' pay despite the challenging financial backdrop the Government is facing", the Department for Education said. The Cabinet Office also suggested pay increases for senior civil servants should be kept to no more than 2.8%. The Royal College of Nursing general secretary and chief executive hinted at more potential strikes as she called for "open direct talks now" to avoid "further escalation to disputes and ballots". Professor Nicola Ranger said: "The Government has today told nursing staff they are worth as little as £2 extra a day, less than the price of a coffee. "Nursing is in crisis - there are fewer joining and too many experienced professionals leaving. This is deeply offensive to nursing staff, detrimental to their patients and contradictory to hopes of rebuilding the NHS. "The public understands the value of nursing and they know that meaningful reform of the NHS requires addressing the crisis in nursing. "We pulled out of the Pay Review Body process, alongside other unions, because it is not the route to address the current crisis. "That has been demonstrated today.” Professor Philip Banfield, chairman of the British Medical Association's council, urged the sector's pay review body to "show it is now truly independent". "For this Government to give evidence to the doctors' and dentists' pay review body (DDRB) believing a 2.8% pay rise is enough, indicates a poor grasp of the unresolved issues from two years of industrial action," he said. He said the proposal is far below the current rate of inflation and that the Government was "under no illusion" when doctors accepted pay offers in the summer that there was a "very real risk of further industrial action" if "pay erosion" was not addressed in future pay rounds. The NEU's general secretary, Daniel Kebede, also hit out at the proposal, saying teachers' pay had been cut by more than one-fifth in real terms since 2010. In a hint that there could be a return to industrial action he added: "NEU members fought to win the pay increases of 2023 and 2024. "We are putting the Government on notice. Our members care deeply about education and feel the depth of the crisis. This won't do."
The awards ceremony for the U-21 athletics competitions under the Fifth National Sports Festival took place yesterday morning at Wunna Theikdi Stadium in Nay Pyi Taw. Initially, Daw Than Than, a former national athlete and executive of the Myanmar Athletics Federation, presented individual medals and commemorative trophies to winners of the women’s long jump event. The first-prize went to Mon State, the second to Taninthayi Region, and the third to Ayeyawady Region. Similarly, Daw Jennifer Tin Lay, another former national athlete and executive, honoured winners of the women’s 5,000-metre race, with Taninthayi Region securing first prize , followed by Shan State in second and third prizes. Next, Kayin State’s Minister for Social Affairs U Saw Tun Aung presented awards to the men’s 5,000-metre race winners, with Shan State claiming first prize, Yangon Region second, and Kachin State third. Additionally, Sagaing Region’s Minister for Social Affairs U Nyunt Win Aung, awarded the winners of the women’s discus throw event. Shan State achieved first prize, while Sagaing Region took second and third prizes. Deputy Minister for Sports and Youth Affairs U Htein Lin then presented awards for the men’s discus throw competition, where Magway Region earned first and third prizes, with Yangon Region coming in second. Meanwhile, Deputy Minister U Zin Min Htet presented awards for the women’s 20-kilometre racewalking event, in which Sagaing Region won first prize, Shan State second, and Ayeyawady Region third. Union Minister U Min Thein Zan later honoured the winners of the men’s 20-kilometre racewalking event, with Shan State taking both first and second prizes, while Taninthayi Region secured third prize. The competitions continued with prizes awarded across various events. Daw Nu Nu Yi, a former national athlete, presented awards to winners of the women’s 400-metre race, with Taninthayi Region winning first, Shan State second, and Rakhine State third. U Khin Maung Kyi, Ayeyawady Region’s Minister for Social Affairs, awarded winners of the women’s 400-metre relay, where Taninthayi Region took first prize, followed by Ayeyawady Region and Rakhine State in second and third prizes. Further honours were presented by U Thant Zin, a former national athlete, to winners of the men’s 400-metre relay, with Taninthayi Region taking first prize, Ayeyawady Region second, and Mandalay Region third. Additionally, Daw Mar Mar Min, a former national athlete, awarded winners of the men’s long jump event, with Ayeyawady Region claiming first prize, Magway Region second, and Bago Region third. Daw Than Than also awarded winners of the men’s 400-metre race, with Sagaing Region taking both first and second prizes and Yangon Region coming in third. The final matches and awards ceremonies for the Fifth National Sports Festival, which includes competitions at the ministerial, inter-state and regional levels, are scheduled to continue on 11 December at designated sports venues and stadiums. — MNA/KZL
I’ve cut my mother-in-law out of Christmas for 17 years with no regrets – she’s only ever bought me one humiliating giftConnor Clark & Lunn Investment Management Ltd. increased its position in shares of CEVA, Inc. ( NASDAQ:CEVA – Free Report ) by 97.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,771 shares of the semiconductor company’s stock after purchasing an additional 104,453 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.89% of CEVA worth $5,114,000 at the end of the most recent quarter. A number of other institutional investors have also recently added to or reduced their stakes in CEVA. Vanguard Group Inc. increased its position in shares of CEVA by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after purchasing an additional 62,734 shares during the period. Dimensional Fund Advisors LP grew its holdings in CEVA by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock worth $16,110,000 after acquiring an additional 44,502 shares during the period. Acadian Asset Management LLC raised its position in CEVA by 8.3% in the second quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company’s stock worth $10,931,000 after acquiring an additional 43,266 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in CEVA by 5.5% in the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock valued at $10,929,000 after acquiring an additional 23,566 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of CEVA by 1,693.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock valued at $7,284,000 after purchasing an additional 303,673 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on CEVA shares. Roth Mkm lifted their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Oppenheimer increased their price objective on CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CEVA presently has an average rating of “Moderate Buy” and an average target price of $34.00. CEVA Price Performance CEVA stock opened at $30.44 on Friday. The company’s 50 day simple moving average is $25.16 and its 200-day simple moving average is $22.24. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $30.81. The firm has a market capitalization of $719.21 million, a P/E ratio of -217.43 and a beta of 1.20. CEVA Profile ( Free Report ) CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices. See Also Want to see what other hedge funds are holding CEVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CEVA, Inc. ( NASDAQ:CEVA – Free Report ). Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter .
Five hundred Small and Medium Scale Entrepreneurs (SMEs) from the South East have been empowered by President Tinubu’s support group, Renewed Hope Agenda. The businessmen and women got cash ranging from N200,000 and N50,000 respectively while another twenty got grinding and sowing machines at the event held in Owerri, on Friday. The National Coordinator of the group, Belusochukwu Enwere, while addressing the beneficiaries, said that the program aimed to uplift enterprising Nigerians by supporting their skills and businesses to drive economic growth. Enwere, who is also the National President of the Youth Wing of Christian Association of Nigeria (YOWICAN), said “The program seeks to empower thousands of youths and women across the South East region. “During this first phase of the empowerment program, ₦200,000 would be given to one hundred business men and women each. Another ₦100,000 each would be given to 200 SMEs, ₦50,000 each to five hundred people while ₦20,000 each would be given to five hundred indigent families. “In addition to the financial aid, skilled individuals were provided with tools such as sewing machines, grinding machines, and other equipment to support their businesses. Beneficiaries also received bags of rice as Christmas hampers.” Enwere emphasised that the program aligns with the Renewed Hope Agenda’s objective of connecting citizens to government policies and ensuring they benefit from the dividends of democracy. He praised Tinubu for implementing reforms, such as local government autonomy, which he said would enhance grassroots development, and tax reforms aimed at boosting businesses and reducing excessive taxation. The event also featured a keynote address by Professor Frank Aneto from the Federal University of Technology, Owerri (FUTO). Speaking on the topic, “Empowering South East Nigeria for Economic Emancipation and Prosperity,” he underscored the importance of youth empowerment and political emancipation in unlocking the region’s economic potential.1.2% of Nigeria’s population living with HIV/AIDS — NOA DG
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