S&P/TSX composite down Monday, U.S. stocks continue to rise
Judge rejects request to sideline SJSU volleyball playerOverlooked for seven years, pit bull finally gets adopted
NoneItaly working 'tirelessly' to free journalist in IranCALGARY, Alberta, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) (“Enerflex” or the “Company”) today provided an update of a modularized cryogenic natural gas processing facility in Kurdistan (the “EH Cryo project”). As previously announced, during the second quarter of 2024, Enerflex suspended activity at the EH Cryo project, demobilized its personnel and provided its customer with notice of Force Majeure following a fatal drone attack at an adjacent facility. Due to the continuing Force Majeure and circumstances that make it impossible for Enerflex to fulfill its obligations under the EH Cryo project contract, Enerflex today provided its customer with formal notice of termination. As previously announced, Enerflex’s customer has commenced arbitration proceedings against the Company, asserting certain baseless and unsubstantiated claims. Enerflex is disputing these claims and, following today’s termination, Enerflex will seek to recover amounts owing in connection with the EH Cryo project. At the end of Q3/24, the net asset position associated with the EH Cryo project was $161 million. Approximately $75 million of work associated with the EH Cryo project was included in the Company’s Engineered Systems (“ES”) backlog at the end of Q3/24. With the termination of the EH Cryo project, Enerflex expects to reverse this amount during the fourth quarter of 2024. The future ES revenue associated with the EH Cryo project was expected to contribute minimal gross margin. Since inception of the EH Cryo project, Enerflex has maintained a $31 million letter of credit to support its obligations under the EH Cryo project contract. Enerflex would view any drawing of this financial security in the prevailing circumstances as improper and would increase the amount owing by the customer. Any drawing of the financial security would not have a material impact on the Company’s financial position or liquidity. At the end of Q3/24, Enerflex had $588 million available for future drawings, which reflects the $31 million letter of credit funded with the Company’s revolving credit facility. ADVISORY REGARDING FORWARD-LOOKING INFORMATION This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” (and together with “forward-looking information”, “forward-looking information and statements”) within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking information and statements. The use of any of the words "future", "continue", "estimate", "expect", "may", "will", "could", "believe", "predict", "potential", "objective", and similar expressions, are intended to identify forward-looking information and statements. In particular, this news release includes (without limitation) forward-looking information and statements pertaining to the Company’s expectations to recover amounts owing in connection with the EH Cryo project, if any; and the Company’s expectations to reverse approximately $75 million included in the Company’s ES backlog in the fourth quarter of 2024. All forward-looking information and statements in this news release are subject to important risks, uncertainties, and assumptions, which may affect Enerflex's operations, including, without limitation: the impact of economic conditions; the markets in which Enerflex's products and services are used; general industry conditions; changes to, and introduction of new, governmental regulations, laws, and income taxes; increased competition; political unrest and geopolitical conditions; and other factors, many of which are beyond the control of Enerflex. As a result of the foregoing, actual results, performance, or achievements of Enerflex could differ and such differences could be material from those expressed in, or implied by, these statements, including but not limited to those factors referred to under the heading "Risk Factors" in: (i) Enerflex's Annual Information Form for the year ended December 31, 2023, (ii) Enerflex's management’s discussion and analysis for the year ended December 31, 2023, and (iii) Enerflex's Management Information Circular dated March 15, 2024, each of the foregoing documents being accessible under the electronic profile of the Company on SEDAR+ and EDGAR at www.sedarplus.ca and www.sec.gov/edgar, respectively. Readers are cautioned that the foregoing list of assumptions and risk factors should not be construed as exhaustive. The forward-looking information and statements included in this news release are made as of the date of this news release and are based on the information available to the Company at such time and, other than as required by law, Enerflex disclaims any intention or obligation to update or revise any forward-looking information and statements, whether as a result of new information, future events, or otherwise. This news release and its contents should not be construed, under any circumstances, as investment, tax, or legal advice. ABOUT ENERFLEX Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low-carbon, and treated water solutions – from individual, modularized products and services to integrated custom solutions. With over 4,600 engineers, manufacturers, technicians, and innovators, Enerflex is bound together by a shared vision: Transforming Energy for a Sustainable Future. The Company remains committed to the future of natural gas and the critical role it plays, while focused on sustainability offerings to support the energy transition and growing decarbonization efforts. Enerflex's common shares trade on the Toronto Stock Exchange under the symbol "EFX" and on the New York Stock Exchange under the symbol "EFXT". For more information about Enerflex, visit www.enerflex.com . For investor and media enquiries, contact: Marc Rossiter President and Chief Executive Officer E-mail: MRossiter@enerflex.com Preet S. Dhindsa Senior Vice President and Chief Financial Officer E-mail: PDhindsa@enerflex.com Jeff Fetterly Vice President, Corporate Development and Investor Relations E-mail: JFetterly@enerflex.com
Israeli airstrikes hit strategic bridges in Syria’s HomsGM to stop funding troubled Cruise autonomous vehicle unit
NoneBREAKING NEWS Anthony Albanese's government set to pass laws that will ban social media for under-16s World-first legislation expected to pass the Senate Trials underway for age-verification technology READ MORE: Meet the American who helped ruin Albanese Government's censorship plan By ANDREW BROWN FOR AAP Published: 23:35 GMT, 27 November 2024 | Updated: 23:55 GMT, 27 November 2024 e-mail 1 View comments Children younger than 16 are all but set to be banned from social media, with federal parliament poised to enact the world-first legislation. The Senate is expected on Thursday to pass the laws that would ban young people from platforms such as Facebook , Instagram and TikTok with bipartisan support. However, there has been concern the proposal has been rushed through parliament without proper scrutiny, given Australia would be the first country to implement such a ban. The ban would come into effect one year after the laws pass the parliament, with trials of age-verification technology still being carried out by the federal government. Communications Minister Michelle Rowland said the age limit would help children to be safe online. 'We know parents are concerned about the harms to children and we have taken a decision to support them,' she told parliament. 'Keeping Australians safe online requires decisive action and the Albanese government is delivering exactly that.' Criticism had been levelled at the ban after an inquiry into the laws ran for just three hours, with people also only given one day to hand in submissions, as well as a lack of consultation with young people themselves. The ban, which would see children under 16-years-old from accessing social media, would come into effect one year after the laws pass the parliament Minister Michelle Rowland has defended the laws, saying the government is supporting parents Suicide Prevention Australia executive director Christopher Stone said the laws had been rushed and would not address the issue of online harms. 'The government is running blindfolded into a brick wall by rushing this legislation,' he said. 'It has bypassed the rigorous consultation and scrutiny needed for such a far-reaching decision. 'Young Australians deserve evidence-based policies, not decisions made in haste. 'This legislation fails to consider the positive aspects of social media in supporting young people's mental health and sense of connection.' While the bill has enjoyed bipartisan support support, several coalition members have broken ranks on the issues. Tasmanian Liberal MP Bridget Archer crossed the floor to vote against the ban in the House of Representatives, while coalition senator Matt Canavan has also criticised the laws. Facebook Anthony Albanese TikTok Instagram Share or comment on this article: Anthony Albanese's government set to pass laws that will ban social media for under-16s e-mail Add comment
LAKE FOREST, Ill. (AP) — Jaylon Johnson wasn't all that interested in discussing any bright spots or reasons to have hope for the Chicago Bears. The star cornerback made his feelings clear. “I’ve been in slumps four, five years in a row now,” Johnson said Monday. "So, I mean at the end of the day, I don’t look for, ‘OK, what is going to be better in the future?’ ... It will be better when it’s better. So, right now, it’s not better. That’s all I can go off of.” The Bears (4-7) are last in the NFC North and have five straight losses after falling 30-27 to Minnesota in overtime. They wiped out an 11-point deficit in the final 22 seconds of regulation, only to come up short again when the Vikings' Parker Romo kicked a 29-yard field goal. It was the third game during this skid that came down to the final play. The Bears also lost on a Hail Mary at Washington in Week 8 and had a game-ending field goal attempt by Cairo Santos blocked by Green Bay in Week 11. Players have openly questioned some of the coaching decisions in recent weeks. Offensive coordinator Shane Waldron got fired before the game against Green Bay. And coach Matt Eberflus' game management came under more scrutiny against Minnesota. With the Bears trailing 17-10 in the third quarter, there was some confusion on a fourth-and-4 at the Vikings 27. Eberflus said he didn't do a good enough job communicating on the previous play that they would go for it on fourth down. That led to a chaotic sequence in which Santos and long snapper Scott Daly ran onto the field, only to get waved off by a lineman. Quarterback Caleb Williams had to rush to get everyone lined up properly in order to avoid a delay of game. He wound up barking out the wrong play because he misheard the call from offensive coordinator Thomas Brown and threw an incomplete pass. Receiver DJ Moore said Eberflus had not addressed that play with the team. The Bears were scheduled to meet later Monday. “That moment was just like, like a ‘what is going on’ moment that we could have avoided,” he said. The passing game. Williams has clearly looked more comfortable in the two games since Brown replaced the fired Shane Waldron as offensive coordinator. The No. 1 draft pick followed up a solid performance against Green Bay by throwing for 340 yards and two touchdowns. It was his fourth straight turnover-free game and fifth in a row without an interception. Field goal protection. One week after his game-ending 46-yard field goal attempt against Green Bay got blocked, Santos had a 48-yarder rejected on his first try against Minnesota. It happened from the same area, in the middle of the line, when the Vikings' Jerry Tillery knocked down the kick. “I just think it’s technique," Eberflus said. "It’s getting your foot down, bracing up there, staying lower. ... We just have to do a better job there with that.” It was the third blocked field goal for Santos this year, the most for Chicago in a single season since it also had three blocked in 2012. He had a 43-yard try blocked in a win over Jacksonville on Oct. 13. Moore. The Bears have done a better job getting Moore involved under Brown. Moore caught seven passes for a season-high 106 yards and a touchdown against Minnesota. That gave him 14 receptions for 168 yards the past two games, compared to 13 for 104 yards over the previous four. Johnson's 27-yard catch down the middle set up Santos' tying field goal at the end of regulation. But it's not just deep shots. The Bears are finding ways to get the ball in his hands, allowing him to turn short passes into bigger gains. He also had a 13-yard run. RB D’Andre Swift. After a string of solid outings, Swift had just 30 yards on 13 carries. To be fair, he has been dealing with a groin issue, and he was going against the NFL's No. 1 run defense. The Bears reported no injuries during the game. 5-18 — The Bears' record in one-possession games in nearly three seasons under Eberflus, including a 2-5 mark this year. They are 14-31 overall during Eberflus' tenure. The schedule doesn't get any easier, with a Thanksgiving matchup at NFC North leader Detroit. The Lions (10-1) have won nine straight since losing to Tampa Bay in Week 2. AP NFL: https://apnews.com/hub/NFLCDB Aviation Sells Two A330-200s to National Airlines
Have the New York Jets finally figured out the right way to locate top talent in front-office positions? After a week full of anonymous headlines, it appears that may be the case. Last week, numerous reports from The Athletic detailed the Jets as a team too focused on the opinion of "non-football people" in prominent roles. Even owner Woody Johnson was said to be too interested in the opinions of fans on social media than the opinions of the people paid to do their jobs. Darren Yamashita-Imagn Images Those same reports have seemed to light a fire for Johnson that his hiring process will need help from independent consultants that have prior executive experience. His latest agreement has done exactly that. New York has hired the 33rd Team in a consulting role to assist in identifying and vetting candidates and interviews for their GM and HC positions. Former Jets general manager and founder of the 33rd Team, Mike Tannenbaum, and former Vikings general manager Rick Spielman are expected to help the most for the Jets. The news of Gang Green going back to a former team executive, as well as a popular league executive in Spielman should be great news for the fanbase. Too many times in the past it has felt that the organization has taken opinions from people without scouting or proper league experience. It's led to different opinions on how to improve the organization in the middle of a 13-year postseason-less drought. What New York needs more than anything is a single plan on how to improve the team both inside and out. That won't happen until they get the right general manager in the building, then the head coach, then the quarterback, and so on. Related: Jets Fans Deserve Better After Headline Hell Bringing in two consultants like Tannenbaum and Spielman is exactly what the Washington Commanders did to improve their fortunes this past offseason. It led to the hiring of Adam Peters and Dan Quinn. Washington now has double the amount of wins they recorded the season prior and is a clear favorite to reach the playoffs in the first season of this new regime. The same fortune could come to the Jets if they are able to get both executive positions right. It's what makes the hiring of experienced consultants so important. Gone appear to be the days when Johnson and his family would turn to Twitter to figure out a way to solve their vacancies. Instead, the "football guys" are back in charge in Florham Park. And it could change life forever for the Jets. Related: Jets Problem is Aaron's PowerElite domination
An online debate over foreign workers in tech shows tensions in Trump's political coalitionKicker Greg Zuerlein set to return for Jets, wide receiver Davante Adams optimistic about playingWhy we love Fawn and Fox Books, Oklahoma's pop-up bookstore
Another day, another fucked up to send me into an overthinking spiral. This time it is ‘The Great Indian Shift’. Supposedly, we have finally come to a time where Indians and other people of colour are being recognised for their beauty. , I call bullshit. What is The Great Shift trend on TikTok? Hundreds of videos under the hashtag “The Great Shift” or “The Great Indian Shift” are popping up on TikTok professing their newfound appreciation for Indian women, often emphasising their physical attractiveness. Interestingly, this trend didn’t start with us. “The Great Shift” first emerged within the Black community, where Black women were being celebrated for their beauty and desirability. Now, it seems that Indian women are the second group to be swept into this wave of newfound admiration. While it might seem like a positive shift, it raises some serious questions about why this recognition is happening now and what it signifies. Isn’t being perceived as hot a good thing? I mean yes, it is great to be recognised as the hotties that we are. I remember the sense of relief I felt when , played by . Seeing her celebrated in fan edits as gorgeous was a moment of joy for many of us. It was proof that we could be seen as beautiful in mainstream narratives. But why do we need proof to believe in our own beauty? This constant worry about how we are perceived by the white gaze is draining. I don’t think I know a single Indian woman in their 20s that hasn’t had a blonde moment, highlights or tried on coloured contacts to try and fit in. To try to become attractive to a group of people that have consistently reminded us that we are not beautiful, that we are not enough. This trend comes at an interesting time in the world — especially as we step back into ’s America. The political climate has shifted dramatically, with rising anti-immigrant sentiments and renewed discussions around race and identity. Just this year a trend was going around deeming Indians the “least dateable” race. So sure this trend feels nice now, but we can’t afford to be swept away by it. We must guard ourselves because unfortunately, the white man can clearly rip away our flowers as quickly as they gave them to us. The echoes of past political movements remind us that recognition can be fleeting and conditional. Not to mention the fetishisation of it all. This trend follows a troubling pattern where different racial groups become . Previously, Black women were at the centre of such trends; now it’s our turn... who’s next? As TikToker pointed out regarding current attitudes toward race: “Racism runs deep... but to then be fetishised and also treated like a commodity” speaks volumes about how quickly admiration can turn into objectification. If an entire race can be turned into a trend, they do not see us as humans, they see us as something to play with — a shiny new toy they can easily toss aside when they’re moving onto the next race. As TikToker put it, “I reject this . We simply cannot be made into a trend one more time. I saw a non-Indian guy on here say, ‘boys, we need to invest now.’ Getting treated like an object is one thing. Getting treated like cryptocurrency... the fetishising epidemic has hit the Indian community.” Personally, the concept of having someone buy a brown woman does not sit well with me at all. We are the fastest-growing ethnic group in the world, rich with culture and history. Yet here we are, still seeking approval from those who have historically marginalised us. A tainted shift Ultimately, this recognition feels tainted because it underscores our ongoing struggle for validation from those who have historically overlooked us. We shouldn’t have to rely on Western accolades or social media trends to validate our worth or beauty. I want to celebrate our wins without feeling like they’re only wins because someone else deems them worthy. It’s exhausting to navigate this constant pressure to conform to Western beauty standards while simultaneously trying to embrace our own identities. So here’s my plea: let’s reject this form of validation together. ; it doesn’t require from anyone — especially not from those who have historically marginalised us. We need to recognize that we are beautiful in our own right without needing someone else to tell us so. As Muskan said, “If you missed out on appreciating beautiful brown women, that’s on you.” If you’re still not with me, fine. But when this trend ends, which it will seeing that trends are quite literally something of the time, use this moment as a jumping off point to acknowledge your beauty. We deserve more than being part of someone else’s fleeting fascination; we deserve to be seen and appreciated for who we truly are — beautiful, complex individuals with stories that go far beyond any trend. In these times where appreciation can quickly turn into objectification or erasure, if you still think it’s a compliment to comment “the great shift” on a video of an Indian baddie, kindly fuck right off, please and thank you.Clemson left guard Trent Howard out with ACL tear for South Carolina gameJoe Burrow's home broken into during Monday Night Football in latest pro-athlete home invasion