Manchester United struggled against Arsenal, but there are signs that Ruben Amorim understands the job aheadSource: Intermodal “In response, China’s newbuilding capacity has been scaled up through the reopening of dormant shipyards and the expansion of existing facilities. In addition to Jiangsu Rongsheng, one of the largest private Chinese yards, founded in 2006, other shipyards such as Hengli Heavy Industry, Yangzhou Guoyu Shipbuilding, and Dalian Shipbuilding Offshore have restarted operations. Meanwhile, New Times Shipbuilding, Wuhu Shipyard, and Nantong Xiangyu Shipbuilding among others have expanded their production potential. This growth of shipbuilding capacity is expected to absorb a part of the excess demand, reducing vessel delivery times”, Intermodal’s Research Analyst, Mr. Nikos Tagoulis said. According to Mr. Tagoulis, “to gain more insight on market fundamentals, it’s useful to have a look at the evolution of shipbuilding orders of the three major industry players, China, Japan and South Korea, and their portions to the global orderbook of three major shipbuilding players in terms of m dwt. since China’s entry to WTO in 2000. Through government support and public investments to its national shipbuilding ecosystem, China emerged as a market leader, commanding currently nearly 65% of global shipbuilding orders, an impressive rise considering the less than 10% share in 2000. Meanwhile, the combined orderbook share of Japan and South Korea has declined from 78% to 31% over the same period. As of November 2024, the Chinese shipbuilding orderbook for counts 3,256 vessels of 224m dwt total carrying capacity, marking a 37% increase from 2023 and a 72% rise from 2022, with the global orderbook increasing by 21% since 2023”. Source: Intermodal “In the realm of new contracts, Chinese shipyards remain dominant, securing 1,338 vessels totaling 103.9 million dwt, which represents 70% of all new contracts. Notably, Chinese yards have captured 89% of containership orders, 81% of bulk carrier orders, and 74% of tanker contracts. The rise of China as a dominant force in global shipbuilding can be attributed to several factors, including substantial government support, investments in new technologies, low labour cost and large-scale production capabilities. Additionally, China has successfully leveraged partnerships with international firms, facilitating the transfer of valuable expertise, enabling to advance in the construction of more sophisticated vessels, such as chemical tankers or gas carriers. Domestic demand for both new ship construction and repair services is also a key driver, with the Chinese fleet accounting for approximately 13% of global tonnage”, Tagoulis added. Intermodal’s analyst concluded that “the above constitute the main advantages of the Chinese shipbuilding sector, together with a well-integrated supply chain that ensures timely delivery of the materials required for vessel construction and environmentally sustainable practices. In the current global shipbuilding market, the robust demand for new vessels, evidenced by a steadily growing order book in the post-COVID era and rising new building prices, are expected to drive further expansion of the Chinese shipbuilding sector and maintain its leading position”. Nikos Roussanoglou, Hellenic Shipping News Worldwide
Robotics and programming workshop inspires y oung innovators . BingoPlus Foundation, the social development arm of Digiplus Interactive Corp, gave the students Cadiz City, Negros Occidental, a significant boost in their robotics and programming aspirations by organizing a workshop that will develop their skills and deepen their knowledge in the robotics and programming field. Held last November, celebrating Children’s Month, the training brought together elementary to senior high school students from Dr. Vicente F. Gustillo Memorial National High School, Sped High School, Cadiz West Elementary School I and II, Cadiz East Elementary School I and II, Caduha-An National High School, Villacin National High School, Tiglawigan National High School, Sped Training Center and, DepEd Cadiz offering them hands-on experience in building and programming robots. An estimated 4,853 students will benefit from the robotics and programming initiatives to be implemented at the different schools led by the students who took part in the initial seminar. “At BingoPlus Foundation, we believe in empowering the youth with skills that prepare them for the future. By providing access to robotics and programming training, we’re sparking their curiosity and equipping them with tools to innovate and lead in a technology-driven world,” said Angela Camins-Wieneke, Executive Director of BingoPlus Foundation. Roxan Cosico, founder of the Robotics and Programming Guild of the Philippines, led the robotics discussion, providing participants with the skills to create robots and program them for specific tasks. In addition to students, 213 teachers also gained valuable knowledge to guide future generations. Aside from the robotics and programming training, the city also received robotics kits which will be housed at the Cadiz Public Library, one of the adopted PLUS centers of BingoPlus Foundation. Going the Extra Mile for Youth BingoPlus Foundation’s initiatives reached further, providing 50 students from the Carol-an IP Community in Kabankalan with tablets to enhance their learning experience. Meanwhile, 60 scholars attended the second session of the FutureSmart Leadership Assembly last November 30 at the DigiPlus headquarters. The session, titled The Power of Habits, focused on helping students develop positive routines to improve academic and personal growth. With a hybrid format, the assembly brought together scholars onsite and virtually, emphasizing the importance of self-awareness and actionable plans for success. Holistic Support for Health and Welfare BingoPlus Foundation also extended aid to children’s health and basic needs. In Kalaklan, Olongapo, 350 kids received free medical checkups, vitamins, and essential medicines. Additionally, orphans at Saint Rita Orphanage in Parañaque City were provided with food and baby essentials, underscoring the Foundation’s commitment to nurturing the nation’s youth through education, health, and care. 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.NB-4746 by Nura Bio for Amyotrophic Lateral Sclerosis: Likelihood of Approval
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SEHA's SKMC marks medical milestone with UAE's ECPR ECMO Procedure in Emergency DepartmentStruggling Syracuse looks to climb back above .500 when it hosts Albany on Tuesday night. The Orange (4-4) are coming off a conference loss to Notre Dame where they failed to make a 3-pointer in a game for the first time in more than 10 years, going 0-for-9 from behind the arc. They will be without leading scorer J.J. Starling, who broke his hand in practice last Monday. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Editorial: Let’s not let political chaos distract us from the unfolding climate catastrophe
MIDLAND, Pa., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Mawson Infrastructure Group, Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, notes that a media outlet earlier today falsely reported that the Company has filed a voluntary Chapter 11 petition. Rather, entities in Australia, including W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and Marshall Investments MIG Pty Ltd as trustee for the Marshall Investments MIG Trust, have filed an involuntary Chapter 11 petition against the Company. The Company has not yet been formally served with an involuntary petition; however, if served, the Company’s Board of Directors intend to vigorously defend the Company against such a filing to the full extent of the law. Mawson expects to continue to operate as usual and execute its business plan accordingly. The Company has previously corresponded with W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and its representatives, and the Company has expressed significant concerns about W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and James Manning, a former board director and executive of the Company, being related parties. Neither W Capital nor James Manning have responded to the Company’s concerns in a manner satisfactory to the Company. James Manning is also the subject of an investigation by the Company’s Audit Committee related to his dealings with W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund – among several other matters – including current litigation with an entity related to Manning, Vertua Property Inc. (“Vertua”), regarding alleged self-dealing, breach of contract, and tortious interference with a business relationship. Notably, Vertua is a company not only related to James Manning, but also affiliated with Darron Wolter of W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund. The Company filed a complaint in The Court of Common Pleas of Mercer County, Pennsylvania (file number 2024-2332) on October 17, 2024 against Vertua as landlord for the Company’s Sharon, PA property for breach of the lease agreement and wrongful termination of the lease, as well as for tortious interference with a business relationship. The Company is seeking reinstatement of the lease, compensatory damages, disgorgement of revenue, and exemplary and punitive damages, as well as reimbursement for its costs and litigation expenses. As per the Company’s most recent 10-Q filing on November 14, 2024, W Capital Advisors Pty Ltd as trustee for the W Capital Advisors Fund and Marshall Investments MIG Pty Ltd as trustee for the Marshall Investments MIG Trust had filed proceedings in Australia, and the Company believes that these entities are using such proceedings in an improper attempt to gain leverage in ongoing legal disputes between the parties. The Company believes that the filing of the involuntary Chapter 11 petition is a continuation of this pattern. The Company has previously reported through an 8-K filing on March 29, 2024 that the Company may seek to exit certain or all of its entities and holdings in Australia. The Company currently operates facilities in the United States of America and does not have any operating sites or assets in Australia. About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company that offers digital infrastructure platforms for AI, HPC, and digital assets. The Company’s digital infrastructure platforms can be used to operate computing resources for a number of applications, and are offered across digital assets, artificial intelligence (AI), high-performance computing (HPC) and other computing applications. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy. The Company has a strategy to prioritize the usage of carbon-free energy sources, including nuclear energy, to power its digital infrastructure platforms and computational machines. For more information, please visit: https://www.mawsoninc.com . CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The Company cautions that statements in this report that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include the actions to be taken by the Petitioners and rulings and orders of the U.S. Bankruptcy Court for the District of Delaware (Delaware). More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2024, August 19, 2024, November 14, 2024, and in other filings that the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. For more information, visit us at https://www.mawsoninc.com X / Twitter: Mawson (@Mawsoninc) / X (twitter.com) LinkedIn: https://www.linkedin.com/company/mawsoninc/ Facebook: Mawson Inc | Pittsburgh PA | Facebook YouTube: https://www.youtube.com/c/MawsonInc Vimeo: https://vimeo.com/mawsoninc Investor Contact: Investor Relations Team IR@mawsoninc.com Partnerships Contact: Partnerships Team Partnerships@mawsoninc.com Media Contact: Media Relations Team mediarelations@mawsoninc.com
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