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Upon being confronted with evidence of his embezzlement, the man chose to resign from his position rather than face legal consequences. However, instead of seeking redemption or atonement for his crimes, he made a shocking decision to embrace a life of crime by joining a notorious gang as their leader. This sudden shift in behavior left his colleagues and acquaintances bewildered, as the man had previously been regarded as a trusted and upstanding member of the community.Supreme Court seems likely to uphold Tennessee's ban on treatments for transgender minorsSouth Korea’s Yoon says he will lift martial law decree
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On the 9th of this month, international oil prices experienced a notable increase, with the price of crude oil seeing a significant surge. This sudden rise in oil prices has drawn attention from market analysts and investors worldwide, with many speculating about the potential causes and implications of such a sharp increase.French political turmoil a boost for London as government in Paris teeters on brink By EMILY HAWKINS Updated: 17:01 EST, 3 December 2024 e-mail 1 View comments London should take advantage of the political turmoil in France to boost the stock market, a leading City figure has said. Companies and investors could shy away from Paris as the French government teeters on the brink of collapse, according to Mark Austin, a partner at law firm Latham & Watkins. And tensions between China and the US are making listings in Asia seem more unappealing, he added. Austin, who is one of the experts behind recent City reforms, said crises abroad have inspired ‘a lot of enquiries’ about moving capital to London instead as it is now the ‘adult in the corner of the room’. His remarks came as City watchdog the Financial Conduct Authority (FCA) appeared to pave the way for Chinese fast fashion retailer Shein’s controversial £50billion listing. Investment company Pershing Square Holdings, meanwhile, ditched its Amsterdam listing yesterday. Turmoil: Companies and investors could shy away from Paris as the French government teeters on the brink of collapse, according to Mark Austin, a partner at law firm Latham & Watkins That means it shares will solely trade in London where it is a member of the FTSE 100. Pershing cited improved liquidity in London as one of the reasons. But Nikolay Storonsky, boss of online bank Revolut, said it was ‘just not rational’ to opt for London over a US listing. There are hopes the tide is turning after the City has lost high-profile firms to overseas rivals in recent years. Austin, a member of the Capital Markets Industry Taskforce, a group of City figures led by London Stock Exchange chief Julia Hoggett, said he has seen interest in investment being moved out of Europe and towards the UK. Speaking on the BBC’s Today programme, he said: ‘We are seeing a lot of enquiries from people who think “actually, is continental Europe a place where I would want to list a business right now?”’ Elections in France, Germany and Austria have given rise to instability while the reign of Right-wing leaders Geert Wilders in Netherlands and Giorgia Meloni in Italy have also set investors on edge. RELATED ARTICLES Previous 1 Next Reeves must unlock the magic of AI if she wants to meet her... Listing on the London stock market is 'not rational', says... 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 And companies are growing wary of having ‘sole exposure’ to Asia, such as the Hong-Kong listed firm CK Infrastructure which made a secondary initial public offering (IPO) in London in August, Austin said. This happened two weeks after the City watchdog’s reforms were introduced in July. ‘There is a sense that the UK is starting to establish itself as an independent financial centre, well regulated, in a good time zone,’ Austin said. There is a growing confidence that reforms to listing rules will continue to revive the UK’s status. The FCA’s reforms came into force on July 29, creating a simplified regime that ended a distinction between standard and premium listings. Before this, only companies with premium listings could join the FTSE 100 and FTSE 250 indices, so abolishing the distinction has cleared the way for more to do so. In a memo last week, Austin said the City was set for success next year. He said: ‘The capital cycle is coming, and although IPOs are not going to come in the very near future – they are coming, and in numbers, in 2025 and 2026 onwards.’ 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: French political turmoil a boost for London as government in Paris teeters on brink 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 stories
The friendship between Xue Jianing and Zhao Lusi has been a source of inspiration for many, as they navigate the challenges of the entertainment industry together. Fans have often praised their loyalty, sincerity, and encouragement towards each other, setting a positive example for all.The A-share market started the week on a positive note as the three major indices opened higher, setting the stage for a strong rebound. After a period of volatility and uncertainty, investors were reassured by the positive performance of the stock market, signaling a potential reversal of the recent downward trend.
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Stoli Group's U.S. companies have filed for bankruptcy following an August ransomware attack and Russian authorities seizing the company's remaining distilleries in the country. As Chris Caldwell, the President and Global Chief Executive Officer of Stoli USA and Kentucky Owl, the two Stoli Group subsidiaries, said in a Friday filing , this comes after the August attack severely disrupted its IT systems, including its enterprise resource planning (ERP) platform. The cyberattack also forced manual operations across the group, affecting key processes such as accounting, with full recovery not expected until early 2025. "In August 2024, the Stoli Group's IT infrastructure suffered severe disruption in the wake of a data breach and ransomware attack," said Caldwell. "The attack caused substantial operational issues throughout all companies within the Stoli Group, including Stoli USA and KO, due to the Stoli Group's enterprise resource planning (ERP) system being disabled and most of the Stoli Group's internal processes (including accounting functions) being forced into a manual entry mode." Caldwell added that the incident also prevented the Stoli U.S. subsidiaries from providing financial reports to lenders who claimed the two companies had defaulted on a $78 million debt. One month earlier, in July 2024, two distilleries valued at $100 million, the group's last remaining assets in Russia, were also confiscated in connection with the designation of the Stoli Group and its founder, Yuri Shefler, as "extremists." This designation was related to their humanitarian aid efforts and marketing campaigns supporting Ukrainian refugees during the ongoing war in Ukraine. The Stoli Group has also spent dozens of millions of dollars as part of a long-term court battle spanning over 23 years and multiple jurisdictions, including the United States, with Russian state enterprise FKP Sojuzplodoimport over rights to the Stolichnaya and Moskovskaya vodka trademarks. This legal struggle stemmed from a March 2000 executive order by President Vladimir Putin to "reinstate and protect the state's rights" in vodka trademarks whose rights were bought by private companies in the 1990s. Shefler, the company's founder, was also forced to flee Russia in 2002 due to politically motivated and "fabricated" charges linked to his criticism of the Putin regime. Since then, Shefler was later granted asylum in Switzerland and UK citizenship after Russia's extradition requests in the 2010s were denied.
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RICHMOND, Va. , Nov. 22, 2024 /PRNewswire/ -- Universal Corporation (NYSE:UVV) ("Universal" or the "Company"), a global business-to-business agriproducts company, today announced that, as expected, on November 19, 2024 , it received a notice (the "NYSE Notice") from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (the "Form 10-Q") with the U.S. Securities and Exchange Commission (the "SEC") prior to November 18, 2024 , the end of the extension period provided by Rule 12b -25 under the Securities Exchange Act of 1934, as amended. The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE Notice informed the Company that, under NYSE rules, the Company has six months from November 18, 2024 , to regain compliance with the NYSE listing standards by filing the Form 10-Q with the SEC. If the Company fails to file the Form 10-Q within the six-month period, the NYSE may grant, in its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE Notice also noted that the NYSE may nevertheless, in its own discretion, commence delisting proceedings at any time during such period. As previously disclosed in the Company's Notification of Late Filing on Form 12b-25, filed on November 12, 2024 (the "Form 12b-25") with the SEC, the Company was unable to file the Form 10-Q on a timely basis due to an ongoing internal investigation. As a result of the additional time required to complete its internal investigation, the process of finalizing financial statements for the second quarter of fiscal year 2025 could not be completed on a timely basis. The Company is committed to completing a deliberate, thorough investigation while diligently working to fulfill all reporting obligations and currently expects to file the Form 10-Q within the six-month period granted by the NYSE Notice; however, there can be no assurance that the Form 10-Q will be filed within such period. About Universal Corporation Universal Corporation (NYSE: UVV) is a global agricultural company with over 100 years of experience supplying products and innovative solutions to meet our customers' evolving needs and precise specifications. Through our diverse network of farmers and partners across more than 30 countries on five continents, we are a trusted provider of high-quality, traceable products. We leverage our extensive supply chain expertise, global reach, integrated processing capabilities, and commitment to sustainability to provide a range of products and services designed to drive efficiency and deliver value to our customers. For more information, visit www.universalcorp.com . CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Among other things, these statements include statements regarding expectations about the Company's filing of its Form 10-Q for the quarter ended September 30, 2024 . These forward-looking statements are generally identified by the use of words such as we "expect," "believe," "anticipate," "could," "should," "may," "plan," "will," "predict," "estimate," and similar expressions or words of similar import. These forward-looking statements are based upon management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results, performance, or achievements to be materially different from any anticipated results, prospects, performance, or achievements expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the uncertainty of the ultimate findings of the ongoing internal investigation, as well as the timing of its completion and costs and expenses arising out of the ongoing internal investigation process and its results; the impact of the ongoing internal investigation on us, our management and operations, including financial impact as well as any litigation or regulatory action that may arise from the ongoing internal investigation; the impact of the internal investigation on our conclusions regarding the effectiveness of our internal control over financial reporting and our disclosure controls and procedures; our ability to regain compliance with NYSE listing requirements; success in pursuing strategic investments or acquisitions and integration of new businesses and the impact of these new businesses on future results; product purchased not meeting quality and quantity requirements; our reliance on a few large customers; our ability to maintain effective information technology systems and safeguard confidential information; anticipated levels of demand for and supply of our products and services; costs incurred in providing these products and services including increased transportation costs and delays attributed to global supply chain challenges; timing of shipments to customers; higher inflation rates; changes in market structure; government regulation and other stakeholder expectations; economic and political conditions in the countries in which we and our customers operate, including the ongoing impacts from international conflicts; product taxation; industry consolidation and evolution; changes in exchange rates and interest rates; impacts of regulation and litigation on its customers; industry-specific risks related to its plant-based ingredient businesses; exposure to certain regulatory and financial risks related to climate change; changes in estimates and assumptions underlying our critical accounting policies; the promulgation and adoption of new accounting standards, new government regulations and interpretation of existing standards and regulations; and general economic, political, market, and weather conditions. Actual results, therefore, could vary from those expected. Please also refer to such other factors as discussed in Part I, Item 1A. "Risk Factors" of Universal's Annual Report on Form 10-K for the fiscal year ended March 31, 2024 , and related disclosures in other filings which have been filed with the U.S. Securities and Exchange Commission and are available on the SEC's website at www.sec.gov . All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking statements, and all of the forward-looking statements are expressly qualified by the cautionary statements contained or referred to herein and therein. Universal cautions investors not to place undue reliance on any forward-looking statements as these statements speak only as of the date when made, and it undertakes no obligation to update any forward-looking statements made, except as required by law. View original content to download multimedia: https://www.prnewswire.com/news-releases/universal-corporation-receives-nyse-notice-regarding-filing-of-form-10-q-for-the-fiscal-quarter-ended-september-30-2024-302314579.html SOURCE Universal CorporationNorth Korean nationals indicted in scheme using IT workers to funnel money for weapons programsDespite these challenges, China has consistently emphasized the importance of maintaining a stable and positive relationship with South Korea. The Chinese Foreign Ministry has repeatedly stated that China respects South Korea's sovereignty and territorial integrity, and that it is committed to promoting mutual understanding and cooperation between the two countries. China has also expressed its support for South Korea's efforts to address domestic challenges and promote social and economic development.Mbappe's decision to speak out about his experiences with depression marks a significant step towards destigmatizing mental health issues in the sports world. By sharing his story, he hopes to inspire others to seek support and prioritize their mental well-being, fostering a culture of openness and understanding within the sporting community.