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SAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Second Quarter of Fiscal Year 2025 Financial Highlights Management Commentary Bill Brennan, Credo’s President and Chief Executive Officer, stated, “In the fiscal second quarter ended November 2, 2024 Credo generated record revenue of $72.0 million, up 21% sequentially and 64% year over year. The second quarter was our most successful to date across our three main product lines and Credo delivered total product revenue of $69.1 million. For the past few quarters, we have anticipated an inflection point in our revenues during the second half of fiscal 2025. I am pleased to share that this turning point has arrived, and we are experiencing even greater demand than initially projected, driven by AI deployments and deepening customer relationships.” Third Quarter of Fiscal 2025 Financial Outlook Conference Call Credo will conduct a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter of fiscal year 2025, ended November 2, 2024. Interested parties may join the conference call by registering online at https://register.vevent.com/register/BI87c69953bb554b49af7cc32591eee82a . After registering, a confirmation will be sent through email, including dial-in details and a unique conference call code for entry. It is recommended that participants register and dial in for the call at least 10 minutes before the start of the call. A live webcast of the conference call will be available on Credo’s Investor Relations website at http://investors.credosemi.com . A replay of the webcast will be available via the web at http://investors.credosemi.com . Discussion of Non-GAAP Financial Measures This press release contains references to the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income (loss), non-GAAP operating income (loss) margin, non-GAAP net income (loss) and non-GAAP diluted net income (loss) per share. Reconciliation of these non-GAAP measures to their comparable GAAP measures is included below. This non-GAAP information should not be construed as an alternative to the reported results determined in accordance with GAAP. The non-GAAP financial measures that Credo presents may not be comparable to similarly titled measures of other companies and other companies may not calculate such measures in the same manner as we do. Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustment to the provision for income taxes. Credo uses a full-year non-GAAP tax rate to compute the non-GAAP tax provision. This full-year non-GAAP tax rate is based on Credo’s annual GAAP income, adjusted to exclude non-GAAP items, as well as the effects of significant non-recurring and period-specific tax items which vary in size and frequency. Credo’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate, such as tax law changes, significant changes in Credo’s geographic mix of revenue and expenses or changes to Credo’s corporate structure. GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted average shares outstanding when there is a GAAP net income. Non-GAAP diluted net income (loss) per share is calculated using basic weighted average shares outstanding when there is a non-GAAP net loss, and calculated using non-GAAP diluted weighted average shares outstanding when there is a non-GAAP net income. Non-GAAP adjustment for the number of shares used in the diluted per share calculations excludes the impact of share-based compensation expenses expected to be incurred in future periods and not yet recognized in the financial statements, which would otherwise be assumed to be used to repurchase shares under the GAAP treasury stock method. Credo believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Credo’s financial condition and results of operations. While Credo uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Credo does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Credo believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Credo’s non-GAAP financial measures useful in their assessment of Credo's operating performance and the valuation of Credo. Internally, Credo's non-GAAP financial measures are used in the following areas: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Credo’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Credo’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to, any statements regarding: launches of new or expansion of existing products or services; technology developments and innovation; our plans, strategies or objectives with respect to future operations; financial outlook; future financial results; expectations regarding the markets and industries in which Credo conducts business; and assumptions underlying any of the foregoing. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would,” “outlook,” “forecast,” “targets” and similar expressions, or their negatives, may identify such forward-looking statements. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that may cause actual events or results to differ materially from those described in this press release. Readers are encouraged to review risk factors and all other disclosures appearing in Credo’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission (SEC) on June 24, 2024, as well as Credo’s other filings with the SEC, for further information on risks and uncertainties that could affect Credo’s business, financial condition and results of operation. Copies of these filings are available from the SEC, Credo’s website or Credo’s investor relations department. Forward-looking statements speak only as of the date they are made. Credo assumes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date herein. About Credo Our mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Our innovations ease system bandwidth bottlenecks while simultaneously improving on power, security and reliability. Our connectivity solutions are optimized for optical and electrical Ethernet applications, including the 100G (or Gigabits per second), 200G, 400G, 800G and emerging 1.6T (or Terabits per second) port markets. Our products are based on our proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Our product families include integrated circuits (ICs), Active Electrical Cables (AECs) and SerDes Chiplets. Our intellectual property (IP) solutions consist primarily of SerDes IP licensing. Investor Relations Contact: Dan O’Neil IR@credosemi.com
BOZEMAN, Mont. (AP) — Adam Jones ran for 197 yards and two touchdowns and Montana State ran over Montana 34-11 on Saturday to reclaim the Brawl of the Wild trophy. The Bobcats (12-0, 8-0 Big Sky Conference) wrapped up the 123rd meeting in this rivalry with 420 yards, 326 on the ground. Montana State capped its first unbeaten season and can match the school record for consecutive wins with a playoff win in two weeks. The Bobcats, ranked second in the FCS coaches poll, should be the top seed in the playoffs after top-ranked North Dakota State lost its finale to fifth-ranked South Dakota. Montana (8-4, 5-3), ranked 10th, is expected to add to its record 27 FCS playoff appearances but will not have a first-round bye in the 24-team bracket. Montana State quarterback Tommy Mellott was 6-of-12 passing for 94 yards with a touchdown in poor conditions and added 50 yards and a touchdown on the ground. He has helped the Bobcats score at least 30 points in every game this season Mellott had a 5-yard touchdown run on MSU's first possession and Mellott found Jones for a 35-yard touchdown early in the second quarter for a 14-3 lead. Myles Sansted had two field goals in the final two minutes, including a 49-yarder as time expired for a 20-3 halftime lead. Jones dominated the second half and scored two short touchdowns. Eli Gillman scored on a 1-yard run for Montana's touchdown between the Jones' touchdowns. The Grizzlies had just 234 yards and went 2 of 12 on third down. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25
Playwards Launches Innovative Gaming Platform Combining Fun and Real-World Rewards 12-02-2024 11:42 PM CET | Sports Press release from: ABNewswire New browser-based gaming portal offers engaging games without app downloads. Playwards, a pioneering gaming platform founded by Wilson, is excited to announce its official launch. The platform is set to revolutionize the gaming experience by offering a wide array of browser-based games that not only entertain but also provide opportunities for users to earn real-world rewards such as gift cards and vouchers by completing simple and enjoyable in-game missions. In an era where gamers seek both entertainment and value, Playwards stands out by merging the thrill of gaming with tangible rewards. Unlike other platforms that require cumbersome app installations or the completion of arduous tasks, Playwards offers a seamless, hassle-free experience accessible entirely through any web browser. This accessibility ensures that users can dive into their favorite games anytime, anywhere, without any barriers. "Playwards is more than just a gaming portal; it's a community where fun meets opportunity," said Wilson, founder of Playwards. "We've built this platform to ensure that everyone can enjoy quality games while earning meaningful rewards." The platform boasts a diverse selection of games catering to a variety of interests and skill levels. From casual puzzles to action-packed adventures, there's something for every type of gamer. The in-game missions are designed to be straightforward yet engaging, encouraging players to immerse themselves in the gaming experience while steadily accumulating points that can be redeemed for valuable rewards. A satisfied user, Michael from the USA, shared his enthusiasm: "I stumbled upon Playwards through an ad. It is refreshing to find a site that delivers what it promises. The games are super engaging, and the missions keep you coming back for more. Plus, earning points feels rewarding-no gimmicks or tricks. I can see myself using this for the long term." Playwards' unique approach addresses a growing demand in the gaming community for platforms that offer more than just entertainment. By integrating a reward system, the platform not only enhances user engagement but also provides an incentive for continued participation. This model benefits both casual gamers looking for fun and dedicated players seeking to maximize their rewards. The user-friendly interface and intuitive design make navigating Playwards a breeze. New users can sign up quickly and start playing immediately, without the need for downloads or installations. The platform is optimized for performance, ensuring smooth gameplay and an enjoyable user experience across various devices. Wilson added, "Our mission is to create a gaming environment that values our players' time and commitment. By offering real-world rewards, we aim to give back to our community and make gaming a more enriching experience." For those interested in exploring what Playwards has to offer, the platform is now live and ready to welcome new players. Whether you're looking to unwind with some casual gaming or eager to earn rewards while having fun, Playwards invites you to join its growing community. For more information or to start playing, visit https://playwards.com [ https://playwards.com/ ]. About Playwards Playwards is an innovative gaming platform that combines engaging browser-based games with the opportunity to earn real-world rewards. Founded by Wilson, the platform offers a unique gaming experience without the need for app downloads. By completing simple in-game missions, players can earn points redeemable for gift cards and vouchers. Playwards is committed to creating a community where fun and opportunity meet. Media Contact Company Name: Playwards Contact Person: Wilson Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=playwards-launches-innovative-gaming-platform-combining-fun-and-realworld-rewards ] Country: United States Website: https://playwards.com This release was published on openPR.Celta Vigo shock 10-man Barcelona in 2-2 drawSan Francisco 49ers quarterback Brock Purdy will not play Sunday and head coach Kyle Shanahan said the lingering discomfort is a concern. Purdy sat out Friday after he participated in the start of Thursday's practice with the 49ers, then retreated indoors for what Shanahan said was a treatment session. Brandon Allen, 32, will start in Purdy's place, and the 49ers are also without defensive end Nick Bosa (oblique). Shanahan said players believe in Allen, even if he's an unknown. "Outside of here people haven't seen a lot of Brandon. But it's his second year (with the 49ers)," Shanahan said. "Obviously guys want Brock up, but guys are excited to see Brandon play." Shanahan said they are "a little surprised" Purdy experienced tightness and discomfort in his shoulder after an MRI exam on Monday that showed no long-term cause for concern. "The way it responded this week, it's really up in the air for next week," Shanahan said of Purdy. Allen is familiar to Packers head coach Matt LaFleur, who was an assistant coach with the Rams during Allen's two-year run in Los Angeles. Allen broke into the NFL in 2016 with the Jaguars and is 2-7 in nine career starts. He went 1-2 with the Broncos in 2019 and 1-5 in six starts over two years with the Bengals in 2020 and ‘21. Shanahan said Allen's confidence grew throughout the week and he doesn't anticipate a major change in how he calls the offense. Left tackle Trent Williams (ankle) also missed practice for the third consecutive day. Without disclosing the nature of the ailment to Purdy's throwing shoulder, general manager John Lynch confirmed Friday an MRI exam took place to determine the severity of any injury. Allen worked with the first team most of Thursday and Friday with Joshua Dobbs also taking snaps. Lynch described Purdy's status for the 49ers (5-5) this week as "tenuous." "Hopefully, he makes progress, and we can have a shot at this weekend, but we'll see," Lynch said in an interview with KNBR in San Francisco. "I think it's tenuous." When Purdy was on the field this week, he primarily worked on the side in position-specific drills with QB coach Brian Griese. Williams played through an ankle injury last week after being listed as questionable but exited the stadium with an exaggerated limp on Sunday. Run game coordinator Chris Foerster said the 49ers aren't where they want to be at 5-5 because they haven't won close games, not because of injuries. "Seven games left is like an eternity," Foerster said. "So much can happen. Do the math. What was our record last year? It was 12-5. I was on a 13-win team that was nowhere near as good as the team last year." With or without Purdy, Foerster said the challenge for the 49ers is not to give up the ball to a defense that has 19 takeaways. The 49ers have 13 giveaways this season. --Field Level Media
Column: President Biden looks to pardon the unpardonableSwift's daily impact on Vancouver may have exceeded 2010 games, says industry figure
A range of independent TDs are contemplating the prospect of entering Ireland’s next coalition government as Fianna Fail and Fine Gael consider ways to secure a solid majority. Three long days of counting in the General Election finished late on Monday night when the final two seats were declared in the constituency of Cavan-Monaghan. Fianna Fail was the clear winner of the election, securing 48 of the Dail parliament’s 174 seats. Sinn Fein took 39 and Fine Gael 38. Labour and the Social Democrats both won 11 seats; People Before Profit-Solidarity took three; Aontu secured two; and the Green Party retained only one of its 12 seats. Independents and others accounted for 21 seats. The return of a Fianna Fail/Fine Gael-led coalition is now highly likely. However, their combined seat total of 86 leaves them just short of the 88 needed for a majority in the Dail. While the two centrist parties that have dominated Irish politics for a century could look to strike a deal with one of the Dail’s smaller centre-left parties, such as the Social Democrats or Labour, a more straightforward route to a majority could be achieved by securing the support of several independent TDs. For Fianna Fail leader Micheal Martin and current taoiseach and Fine Gael leader Simon Harris, wooing like-minded independents would be likely to involve fewer policy concessions, and financial commitments, than would be required to convince another party to join the government benches. Longford-Westmeath independent TD Kevin “Boxer” Moran, who served in a Fine Gael-led minority government between 2017 and 2020, expressed his willingness to listen to offers to join the new coalition in Dublin. “Look, my door’s open,” he told RTE. “Someone knocks, I’m always there to open it.” Marian Harkin, an independent TD for Sligo-Leitrim, expressed her desire to participate in government as she noted that Fianna Fail and Fine Gael were within “shouting distance” of an overall majority. “That means they will be looking for support, and I certainly will be one of those people who will be speaking to them and talking to them and negotiating with them, and I’m looking forward to doing that, because that was the reason that I ran in the first place,” she said. Meanwhile, the Social Democrats and Irish Labour Party both appear cautious about the prospect of an alliance with Fianna Fail and Fine Gael. They will no doubt be mindful of the experience of the Green Party, the junior partner in the last mandate. The Greens experienced near wipeout in the election, retaining only one of their 12 seats. Sinn Fein appears to currently have no realistic route to government, given Fianna Fail and Fine Gael’s ongoing refusal to share power with the party. Despite the odds being stacked against her party, Sinn Fein president Mary Lou McDonald contacted the leaders of the Social Democrats and Labour on Monday to discuss options. Earlier, Fianna Fail deputy leader and outgoing Finance Minister Jack Chambers predicted that a new coalition government would not be in place before Christmas. Mr Chambers said planned talks about forming an administration required “time and space” to ensure that any new government will be “coherent and stable”. After an inconclusive outcome to the 2020 election, it took five months for Fianna Fail, Fine Gael and the Greens to strike the last coalition deal. Mr Chambers said he did not believe it would take that long this time, as he noted the Covid-19 pandemic was a factor in 2020, but he also made clear it would not be a swift process. He said he agreed with analysis that there was no prospect of a deal before Christmas. “I don’t expect a government to be formed in mid-December, when the Dail is due to meet on December 18, probably a Ceann Comhairle (speaker) can be elected, and there’ll have to be time and space taken to make sure we can form a coherent, stable government,” he told RTE. “I don’t think it should take five months like it did the last time – Covid obviously complicated that. But I think all political parties need to take the time to see what’s possible and try and form a stable government for the Irish people.” Fine Gael minister of state Peter Burke said members of his parliamentary party would have to meet to consider their options before giving Mr Harris a mandate to negotiate a new programme for government with Fianna Fail. “It’s important that we have a strong, stable, viable government, whatever form that may be, to ensure that we can meet the challenges of our society, meet the challenges in terms of the economic changes that are potentially going to happen,” he told RTE. Despite being set to emerge with the most seats, it has not been all good news for Fianna Fail. The party’s outgoing Health Minister Stephen Donnelly became one of the biggest casualties of the election when he lost his seat in Wicklow in the early hours of Monday morning. Mr Donnelly was always predicted to face a fight in the constituency after boundary changes saw it reduced from five to four seats. If it is to be a reprise of the Fianna Fail/Fine Gael governing partnership of the last mandate, one of the major questions is around the position of taoiseach and whether the parties will once again take turns to hold the Irish premiership during the lifetime of the new government. The outcome in 2020 saw the parties enter a coalition on the basis that the holder of the premier position would be exchanged midway through the term. Fianna Fail leader Mr Martin took the role for the first half of the mandate, with Leo Varadkar taking over in December 2022. Current Fine Gael leader Mr Harris succeeded Mr Varadkar as taoiseach when he resigned from the role earlier this year. However, this time Fianna Fail has significantly increased its seat lead over Fine Gael, compared with the last election when there were only three seats between the parties. The size of the disparity in party numbers is likely to draw focus on the rotating taoiseach arrangement, raising questions as to whether it will be re-run in the next coalition and, if it is, on what terms. On Sunday, Simon Coveney, a former deputy leader of Fine Gael, said a coalition that did not repeat the rotating taoiseach arrangement in some fashion would be a “difficult proposition” for his party. Meanwhile, Fine Gael minister Paschal Donohoe said he would be making the case for Mr Harris to have another opportunity to serve as taoiseach. On Monday, Mr Chambers said while his party would expect to lead the government it would approach the issue of rotating the taoiseach’s role on the basis of “mutual respect” with Fine Gael. “I think the context of discussions and negotiations will be driven by mutual respect, and that’s the glue that will drive a programme for government and that’s the context in which we’ll engage,” he said. On Monday, Labour leader Ivana Bacik reiterated her party’s determination to forge an alliance with fellow centre-left parties with the intention of having a unified approach to the prospect of entering government. Asked if Labour was prepared to go into government with Fianna Fail and Fine Gael on its own, she told RTE: “No, not at this stage. We are absolutely not willing to do that. “We want to ensure there’s the largest number of TDs who share our vision and our values who want to deliver change on the same basis that we do.” The Social Democrats have been non-committal about any potential arrangement with Fianna Fail and Fine Gael, and have restated a series of red lines they would need to achieve before considering taking a place in government. Leader Holly Cairns, who gave birth to a daughter on polling day on Friday, said in a statement: “The party is in a very strong position to play an important role in the next Dail. In what position, government or opposition, remains to be seen.” Fianna Fail secured the most first preference votes in Friday’s proportional representation election, taking 21.9% to Fine Gael’s 20.8%. Sinn Fein came in third on 19%. While Sinn Fein’s vote share represented a marked improvement on its disappointing showing in June’s local elections in Ireland, it is still significantly down on the 24.5% poll-topping share it secured in the 2020 general election. The final breakdown of first preferences also flipped the result of Friday night’s exit poll, which suggested Sinn Fein was in front on 21.1%, with Fine Gael on 21% and Fianna Fail on 19.5%.Determining the passage of time in our world of ticking clocks and oscillating pendulums is a simple case of counting the seconds between 'then' and 'now'. Down at the quantum scale of buzzing electrons, however, 'then' can't always be anticipated. Worse still, 'now' often blurs into a haze of vagueness. A stopwatch simply isn't going to work for some scenarios. A potential solution could be found in the very shape of the quantum fog itself, according to a 2022 study by researchers from Uppsala University in Sweden. Their experiments on the wave-like nature of something called a Rydberg state revealed a novel way to measure time that doesn't require a precise starting point. Rydberg atoms are the over-inflated balloons of the particle kingdom. Puffed up with lasers instead of air, these atoms contain electrons in extremely high energy states, orbiting far from the nucleus. Of course, not every pump of a laser needs to puff an atom up to cartoonish proportions. In fact, lasers are routinely used to tickle electrons into higher energy states for a variety of uses. In some applications, a second laser can be used to monitor the changes in the electron's position, including the passing of time. These ' pump-probe ' techniques can be used to measure the speed of certain ultrafast electronics, for instance. Inducing atoms into Rydberg states is a handy trick for engineers , not least when it comes to designing novel components for quantum computers . Needless to say, physicists have amassed a significant amount of information about the way electrons move about when nudged into a Rydberg state. Being quantum animals, though, their movements are less like beads sliding about on a tiny abacus, and more like an evening at the roulette table, where every roll and jump of the ball is squeezed into a single game of chance. The mathematical rule book behind this wild game of Rydberg electron roulette is referred to as a Rydberg wave packet. Just like actual waves, having more than one Rydberg wave packet rippling about in a space creates interference, resulting in unique patterns of ripples. Throw enough Rydberg wave packets into the same atomic pond, and those unique patterns will each represent the distinct time it takes for the wave packets to evolve in accordance with one another. It was these very 'fingerprints' of time that the physicists behind this set of experiments set out to test, showing they were consistent and reliable enough to serve as a form of quantum timestamping. Their research involved measuring the results of laser-excited helium atoms and matching their findings with theoretical predictions to show how their signature results could stand in for a duration of time. "If you're using a counter, you have to define zero. You start counting at some point," physicist Marta Berholts from the University of Uppsala in Sweden, who led the team, explained to New Scientist in 2022. "The benefit of this is that you don't have to start the clock – you just look at the interference structure and say 'okay, it's been 4 nanoseconds.'" A guidebook of evolving Rydberg wave packets could be used in combination with other forms of pump-probe spectroscopy that measure events on a tiny scale, when now and then are less clear, or simply too inconvenient to measure. Importantly, none of the fingerprints require a then and now to serve as a starting and stopping point for time. It'd be like measuring an unknown sprinter's race against a number of competitors running at set speeds. By looking for the signature of interfering Rydberg states amid a sample of pump-probe atoms, technicians could observe a timestamp for events as fleeting as just 1.7 trillionths of a second. Future quantum watch experiments could replace helium with other atoms, or even use laser pulses of different energies, to broaden the guidebook of timestamps to suit a broader range of conditions. This research was published in Physical Review Research . An earlier version of this article was published in October 2022.Jakarta is no stranger to air pollution, frequently ranking among the world’s most polluted cities. In fact, it topped IQAir’s global rankings as the world’s most polluted city just this June[1]. This pollution is more than a nuisance—it is a menace to public health. Agus Dwi Susanto, chairman of the Indonesian Society of Respirology, describes it as a “silent killer.”[2] Research from the Society shows that outdoor workers in Jakarta face heightened risks of respiratory illness due to the city’s poor air quality. The main culprit? Transportation, which accounts for a staggering 44% of Jakarta’s air pollution[3]. With vehicle emissions dominating the city’s pollution profile, the urgency for cleaner transport solutions has never been clearer. Amid this crisis, electric taxis offer a dual opportunity: they reduce emissions and reframe public perception of sustainable mobility. Jakarta’s Struggle with Vehicle Emissions The engine of Jakarta’s economy is also its greatest environmental burden. Roughly 24 million vehicles traverse the city’s roads daily[4], spewing harmful particulate matter and nitrogen oxides into the air. To combat this, Jakarta has implemented aggressive measures. Two low-emission zones (LEZs) now restrict high-emission vehicles, encouraging the use of cleaner alternatives like electric cars. The odd-even license plate rule further incentivizes EVs by exempting them from traffic restrictions. Additionally, emissions testing for certain vehicles adds another layer of accountability. Still, while these initiatives are essential, they are not enough to solve the problem. The most promising path forward lies in electrifying transportation. Electric taxis’ role in bringing about cleaner air is clear. In Guangzhou, China, a 2021 study published in Environmental Science & Technology found that electric taxis reduced particulate matter by 34% and nitrogen oxides by 51%[5]. A 2024 analysis further that replacing gasoline cars with EVs reduced emissions by 8.72 kilograms of CO2 per vehicle each month[6]. Meanwhile, in Cambridge, UK, electrifying 10% of the Hackney Carriage fleet lowered NOx emissions in city centers by 11%[7]. Beyond reducing pollution, electric taxis are catalysts for public awareness. Each one becomes a moving billboard for sustainability, normalizing EVs and encouraging individual adoption. In that sense, taxi fleets have a unique ability to accelerate the transition to sustainable transportation. Lessons from Xanh SM: A Blueprint for Jakarta Electric taxis are more than a local solution; they’re part of a worldwide movement, with major cities in North America and Europe leading the charge. Closer to home, Jakarta can draw inspiration from Vietnam’s success in green transportation, led by Xanh SM, the country’s largest pure-electric taxi operator. Since launching in Hanoi in 2023, Xanh SM has expanded to 56 of Vietnam’s 63 provinces and cities. Its fleet of 80,000 vehicles—including electric cars, e-bikes, and partner-operated units—serves millions of passengers daily[8]. Collectively, these efforts have cut 100,000 tons of CO2 emissions annually, equivalent to the carbon absorption of 4.7 million trees[9]. As the world’s first multi-platform green transportation company, Xanh SM has also committed to making electric vehicles accessible to the masses. By embedding sustainability into daily life, it raises public awareness about the convenience, intelligence, and environmental benefits of green mobility. “Xanh SM is regarded as the top provider in terms of service quality, coverage, fleet size, and customer satisfaction, outperforming both traditional and tech-based taxi services,” noted Mordor Intelligence[10]. This success underscores the viability of large-scale electrification—a model Jakarta could replicate. Positioning Jakarta as a Green Leader Jakarta’s electrification efforts are already underway, with initiatives like electric buses and charging infrastructure paving the way. But the city’s immense market potential and government backing make it well-positioned to achieve even more. Electric taxis, when scaled properly, hold the potential to not only alleviate Jakarta’s pollution crisis but also position Indonesia as a regional leader in sustainable transportation. This transformation will take time, but the momentum is building. Through government policies, private sector innovation, and public engagement, Jakarta could emerge as a global success story for clean mobility. Indonesia, with Jakarta at the forefront, is demonstrating strong leadership in fostering sustainable growth. This approach not only underscores Indonesia’s dedication to protecting the environment but also serves as an inspiring call for businesses and communities to unite towards a greener future. Hashtag: #XanhSM The issuer is solely responsible for the content of this announcement.
The Bobcats (12-0, 8-0 Big Sky Conference) wrapped up the 123rd meeting in this rivalry with 420 yards, 326 on the ground. Montana State capped its first unbeaten season and can match the school record for consecutive wins with a playoff win in two weeks. The Bobcats, ranked second in the FCS coaches poll, should be the top seed in the playoffs after top-ranked North Dakota State lost its finale to fifth-ranked South Dakota. Montana (8-4, 5-3), ranked 10th, is expected to add to its record 27 FCS playoff appearances but will not have a first-round bye in the 24-team bracket. Montana State quarterback Tommy Mellott was 6-of-12 passing for 94 yards with a touchdown in poor conditions and added 50 yards and a touchdown on the ground. He has helped the Bobcats score at least 30 points in every game this season Mellott had a 5-yard touchdown run on MSU's first possession and Mellott found Jones for a 35-yard touchdown early in the second quarter for a 14-3 lead. Myles Sansted had two field goals in the final two minutes, including a 49-yarder as time expired for a 20-3 halftime lead. Jones dominated the second half and scored two short touchdowns. Eli Gillman scored on a 1-yard run for Montana's touchdown between the Jones' touchdowns. The Grizzlies had just 234 yards and went 2 of 12 on third down. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25The mystery surrounding at least one of the unexplained drones causing Americans to look toward the night sky in recent days was solved late Saturday evening, when Boston police arrested two men for flying their unmanned aerial device too close to Logan Airport. According to police, 42-year-old Robert Duffy of Charlestown and 32-year-old Jeremy Folcik of Bridgewater were arrested Saturday on Long Island, after officials noticed the drone on their monitoring systems. “The incident began earlier that evening, at 4:30 p.m., when a Boston Police Officer specializing in real-time crime surveillance detected an Unmanned Aircraft System operating dangerously close to Logan International Airport. Leveraging advanced UAS monitoring technology, the Officer identified the drone’s location, altitude, flight history, and the operators’ position on Long Island,” the Boston Police Department said in a Sunday statement. After rallying officials from the U.S. Department of Homeland Security, the Massachusetts State Police, the Joint Terrorism Task Force, the Federal Communications Commission, and Logan Airport Air Traffic Control, the Boston Police Harbor Patrol Unit was dispatched to the Boston Harbor Islands, where they allegedly found Duffy and Folcik, along with another man on the closed Long Island Health campus. All three attempted to flee on foot, according to police, but the arrested pair were caught and a drone found in their possession. The third man, according to police, is “believed to have fled the island in a small vessel.” Police say that all three were engaging in seriously dangerous behavior. “Operators are prohibited from flying drones over people or vehicles and must be aware of airspace restrictions. Even small drones pose significant risks, including the potential for catastrophic damage to airplanes and helicopters. Near-collisions can cause pilots to veer off course, putting lives and property at risk,” they said. Both Duffy and Folcik will appear in Dorchester District Court on charges of trespassing, police said. ©2024 MediaNews Group, Inc. Visit at bostonherald.com . Distributed by Tribune Content Agency, LLC.Thomas scores 27 as Morgan State downs Campbell 86-76
Lawrence's 16 help Rhode Island take down Central Connecticut 77-69Drake wins 65-46 against Belmont
NoneWASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members, a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Read this article for free: Already have an account? To continue reading, please subscribe: * WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members, a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Read unlimited articles for free today: Already have an account? WASHINGTON (AP) — Working-class voters helped Republicans make steady election gains this year and expanded a coalition that increasingly includes rank-and-file union members, a political shift spotlighting one of President-elect Donald Trump’s latest Cabinet picks: a GOP congresswoman, who has drawn labor support, to be his labor secretary. Oregon Rep. Lori Chavez-DeRemer narrowly lost her bid for a second term this month, despite strong backing from union members, a key part of the Democratic base but gravitating in the Trump era toward a Republican Party traditionally allied with business interests. “Lori’s strong support from both the Business and Labor communities will ensure that the Labor Department can unite Americans of all backgrounds behind our Agenda for unprecedented National Success – Making America Richer, Wealthier, Stronger and more Prosperous than ever before!” Trump said in a statement announcing his choice Friday night. For decades, labor unions have sided with Democrats and been greeted largely with hostility by Republicans. But with Trump’s populist appeal, his working-class base saw a decent share of union rank-and-file voting for Republicans this year, even as major unions, including the AFL-CIO and the United Auto Workers, endorsed Democrat Kamala Harris in the White House race. Trump sat down with the International Brotherhood of Teamsters union leadership and members this year, and when he emerged from that meeting, he boasted that a significant chunk of union voters were backing him. Of a possible Teamsters endorsement, he said, “Stranger things have happened.” The Teamsters ultimately declined to endorse either Trump, the former president, or Harris, the vice president, though leader Sean O’Brien had a prominent speaking slot at the Republican National Convention. Kara Deniz, a Teamsters spokesperson, told the Associated Press that O’Brien met with more than a dozen House Republicans this past week to lobby on behalf of Chavez-DeRemer. “Chavez-DeRemer would be an excellent choice for labor secretary and has his backing,” Deniz said. The work of the Labor Department affects workers’ wages, health and safety, ability to unionize, and employers’ rights to fire employers, among other responsibilities. On Election Day, Trump deepened his support among voters without a college degree after running just slightly ahead of Democrat Joe Biden with noncollege voters in 2020. Trump made modest gains, earning a clear majority of this group, while only about 4 in 10 supported Harris, according to AP VoteCast, a sweeping survey of more than 120,000 voters nationwide. Roughly 18% of voters in this year’s election were from union households, with Harris winning a majority of the group. But Trump’s performance among union members kept him competitive and helped him win key states such as Pennsylvania, Michigan and Wisconsin. Chavez-DeRemer was one of few House Republicans to endorse the “Protecting the Right to Organize” or PRO Act, which would allow more workers to conduct organizing campaigns and add penalties for companies that violate workers’ rights. The measure would weaken “right-to-work” laws that allow employees in more than half the states to avoid participating in or paying dues to unions that represent workers at their places of employment. Trump’s first term saw firmly pro-business policies from his appointees across government, including those on the National Labor Relations Board. Trump, a real estate developer and businessman before winning the presidency, generally has backed policies that would make it harder for workers to unionize. During his recent campaign, Trump criticized union bosses, and at one point suggested that UAW members should not pay their dues. His first administration did expand overtime eligibility rules, but not nearly as much as Democrats wanted, and a Trump-appointed judge has since struck down the Biden administration’s more generous overtime rules. He has stacked his incoming administration with officials who worked on the Heritage Foundation’s “Project 2025” blueprint, which includes a sharp swing away from Biden’s pro-union policies. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “Chavez-DeRemer’s record suggests she understands the value of policies that strengthen workers’ rights and economic security,” said Rebecca Dixon, president and CEO of National Employment Law Project, which is backed my many of the country’s major labor unions. “But the Trump administration’s agenda is fundamentally at odds with these principles, threatening to roll back workplace protections, undermine collective bargaining, and prioritize corporate profits over the needs of working people. This is where her true commitment to workers will be tested.” Other union leaders also issued praise, but also sounded a note of caution. “Educators and working families across the nation will be watching ... as she moves through the confirmation process,” the president of the National Education Association, Becky Pringle, said in a statement, “and hope to hear a pledge from her to continue to stand up for workers and students as her record suggests, not blind loyalty to the Project 2025 agenda.” AFL-CIO President Liz Shuler welcomed the choice while taking care to note Trump’s history of opposing polices that support unions. “It remains to be seen what she will be permitted to do as secretary of labor in an administration with a dramatically anti-worker agenda,” Shuler said. Advertisement AdvertisementAn impassioned plea to Generation Next
HUNTINGTON, W.Va. , Dec. 2, 2024 /PRNewswire/ -- Energy Services of America Corporation (the "Company" or "Energy Services") (Nasdaq: ESOA) has completed the previously announced purchase of Tribute Contracting & Consultants, LLC ("Tribute"), an underground utility contractor that employs approximately 90 construction workers and primarily specializes in water and wastewater system installations in Ohio , Kentucky , and West Virginia. As previously noted, Energy Services purchased substantially all of the assets of Tribute for $22 million in cash, less any assumed debt and working capital adjustments, and $2.0 million of Energy Services' common stock. Todd Harrah and Tommy Enyart will continue their employment with Energy Services' new subsidiary and commented on the announcement, "We are excited to join forces with Energy Services and look forward to contributing to the company's continued success." Douglas Reynolds , President, commented on the announcement. "We are excited to add Tribute to the Energy Services team. This acquisition is consistent with our strategy of buying companies that are familiar to us and further enhances our presence in the water distribution and wastewater categories." About Energy Services Energy Services of America Corporation (NASDAQ: ESOA), headquartered in Huntington, WV , is a contractor and service company that operates primarily in the mid-Atlantic and Central regions of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. Energy Services employs 1,200+ employees on a regular basis. The Company's core values are safety, quality, and production. Certain statements contained in the release including, without limitation, the words "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements of the Company expressed or implied by such forward-looking statements. Such factors include, among others, general economic and business conditions, changes in business strategy or development plans, the integration of acquired business and other factors referenced in this release. Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. View original content: https://www.prnewswire.com/news-releases/energy-services-of-america-completes-acquisition-302319926.html SOURCE Energy Services of America CorporationAP Business SummaryBrief at 4:36 p.m. ESTMANCHESTER — “Choose courage over comfort, even when nobody seems to be watching.” This was the central message delivered by Becca Balint, Vermont’s lone Representative in the U.S. Congress, when she visited Manchester’s Burr and Burton Academy on Monday. “You cannot show bravery without risking something,” Balint said to BBA’s students and staff, assembled in the Riley Center for the Arts. “I would say this is the biggest challenge that we face in Congress right now: too many people are choosing comfort over courage.” Just minutes before addressing the crowd, Balint concluded an hour-long discussion with the school’s Honors Government and Politics class. “I always love coming here,” she said on the short walk from classroom to gymnasium. “The students are so engaged. They're so curious. There's just a vibrancy in this school.” In spending the morning at BBA, Balint hopes she can provide the kind of role model she never had. “I wish somebody had said to me, you've got everything that you need inside of you to serve in public office,” Balint said. “I never heard that, and I know that there are lots of students here who may have a little inkling that that might be where they want to head in their careers, but they need a little boost.” When introducing herself to the government class, Balint, a Democrat, described herself as a voracious consumer of news who cared deeply about making the world a better place. Even at the age of 17, Balint says she knew what she wanted to do with her life: she’d become a writer (and did, publishing op-eds – including in the Brattleboro Reformer – well before her time in politics, as well as a book in 2022), a teacher (Balint taught middle school in Windham County for 14 years), and, finally, a public servant (she was first elected to the Vermont Legislature in 2014). “You may know deep inside what you want to do,” Balint said. “What you want to be thinking about is how you surround yourself with people who will help you get there.” While mentors are invaluable, Balint noted that not everyone has that kind of person in their life. She didn’t. But what she did have was family and friends who encouraged her to pursue her dreams – most notably her wife, Elizabeth Wohl. After “years of hearing me get frustrated looking at politicians who I felt were not being courageous leaders, or were not working well with other people,” Wohl was ultimately the one who encouraged Balint to set her anxieties aside and run for office. “That's what I mean when I say surround yourself with people who believe in you,” Balint said. “Because if you don't have those voices encouraging you along the way, you will let go of those ideas and those dreams you might have for yourself.” During her 2022 campaign for Congress, Balint led with the slogan “courage and kindness,” a message that she reiterated at BBA on Monday. “We can talk more about all of what is wrong with Congress right now, but one of the ways that I have found to navigate it is to bring it back to human connection,” she said. “At our basic level, we're all humans doing the best we can in the world. We're all flawed. We all have our blinders on for certain things. And so my job, as I see it, is figuring out: how do I make connections with people who have really different views than I have. How do I find a way for us to work together?” After the brief introduction, Balint encouraged the class to “AMA” – “ask me anything.” Questions spanned government at every level, from what it’s like working with Vt. Governor Phil Scott to Balint’s views on the conflict in Israel. What permeated the discussion, however, was Balint’s commitment – at times emphatic – to protecting and preserving the norms that define American democracy. “What we have seen is that the guard rails that we used to have – norms, governing bodies – seem to no longer exist,” Balint said, pointing to President-elect Trump’s cabinet picks as an example. “These are not qualified people, right? And so what happens when you put unqualified people in charge of agencies and people don't have the courage to stand up?” Before making it to the classroom, Balint said she noticed a sign on campus that said: “the funny thing about bravery is that it often feels like fear.” “That's absolutely true,” she said. “What it's going to take is people finding their courage and their bravery to stand up to this push to upend all norms.” Jillian Joyce, teacher of the Honors Government and Politics class, asked Balint whose role it is to speak out. “It’s all of us,” Balint confirmed. “Everyone.” As she approaches another term in Congress, Balint says she is returning to her trusty slogan of “courage and kindness.” “I am not a hyper partisan person,” she said, “but I care about government, and I care deeply about norms.” In recent weeks, Balint explained that she has ardently reached out across the aisle to request one-on-one coffee meetings when legislators return to D.C., or virtual conversations with no recordings and no calls to the press afterwards. “Who are those people who care deeply about democratic norms, who care deeply about making sure we're taking care of the most vulnerable among us, and how do I get to those people through word of mouth?” She explained. “Donald Trump won the election. It wasn't stolen. He won. He is the president. I don't have to like it to accept the fact that that is the reality,” Balint said. “And then, how do I work in Congress to make sure he and others are not doing things that are unlawful, while also figuring out with these connections I'm making with Republicans, how do we then pass legislation that Vermonters care about, like housing, mental health? Can we get an agreement on reproductive rights?” “The only way you can do that is if you have relationships with people on the other side of the aisle, and again, those things don't happen in front of the TV cameras,” she concluded. “You’ve got to be willing to make yourself a little vulnerable.” For students, Balint admits that the path to change may be a little less clear, but she encouraged students to contact their representatives about issues that matter to them. For those aspiring to a career in government – or wondering if they might – she recommended getting involved at the local level. “Every house member and state senator in Vermont runs every two years. The governor runs every two years. Every elected office in the state government runs every two years,” she explained. “There's always a campaign to work on.” “If any of you are interested in getting involved, please follow that,” she concluded. “Follow that inside of you, because we need good people. We need engaged people.” As Balint prepared to move on with her day, she said the conversations had at Burr and Burton would stay with her. “I’ll spend the next couple of hours thinking about the things that the students asked me or what they said,” she explained. “And, inevitably, I'll think a little bit differently about my work and my job. I know oftentimes teachers and students feel like I'm giving to them, but I always feel like they give back so much more.”
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The suspect in the high-profile killing of a health insurance CEO that has gripped the United States graduated from an Ivy League university, reportedly hails from a wealthy family, and wrote social media posts brimming with cerebral musings. Luigi Mangione, 26, was thrust into the spotlight Monday after police revealed he is their person of interest in the brutal murder of United Healthcare CEO Brian Thompson, a father of two, last week in broad daylight in Manhattan in a case that laid bare deep frustration and anger with America's privatized medical system. News of his capture in Pennsylvania -- following a tip from a McDonald's worker --triggered an explosion of online activity, with Mangione quickly amassing new followers on social media as citizen sleuths and US media tried to understand who he is. While some lauded him as a hero and lamented his arrest, others analyzed his intellectual takes in search of ideological clues. A photo on one of his social media accounts includes an X-ray of an apparently injured spine. No explicit political affiliation has emerged. Meanwhile, memes and jokes proliferated, many riffing on his first name and comparing him to the "Mario Bros." character Luigi, sometimes depicted in AI-altered images wielding a gun or holding a Big Mac. "Godspeed. Please know that we all hear you," wrote one user on Facebook. "I want to donate to your defense fund," added another. According to Mangione's LinkedIn profile, he is employed as a data engineer at TrueCar, a California-based online auto marketplace. A company spokesperson told AFP Mangione "has not been an employee of our company since 2023." Although he had been living in Hawaii ahead of the killing, he originally hails from Towson, Maryland, near Baltimore. He comes from a prominent and wealthy Italian-American family, according to the Baltimore Banner. The family owns local businesses, including the Hayfields Country Club, its website says. A standout student, Mangione graduated at the top of his high school class in 2016. In an interview with his local paper at the time, he praised his teachers for fostering a passion for learning beyond grades and encouraging intellectual curiosity. A former student who knew Mangione at the Gilman School told AFP the suspect struck him as "a normal guy, nice kid." "There was nothing about him that was off, at least from my perception," this person said, asking that their name not be used. "Seemed to just be smiling, and kind of seemed like he was a smart kid. Ended up being valedictorian, which confirmed that," the former student said. Mangione went on to attend the prestigious University of Pennsylvania, where he completed both a bachelor's and master's degree in computer science by 2020, according to a university spokesperson. While at Penn, Mangione co-led a group of 60 undergraduates who collaborated on video game projects, as noted in a now-deleted university webpage, archived on the Wayback Machine. On Instagram, where his following has skyrocketed from hundreds to tens of thousands, Mangione shared snapshots of his travels in Mexico, Puerto Rico and Hawaii. He also posted shirtless photos flaunting a six-pack and appeared in celebratory posts with fellow members of the Phi Kappa Psi fraternity. However, it is on X (formerly Twitter) that users have scoured Mangione's posts for potential motives. His header photo -- an X-ray of a spine with bolts -- remains cryptic, with no public explanation. Finding a coherent political ideology has also proved elusive, though he had written a review of Ted Kaczynski's manifesto on the online site goodreads, calling it "prescient." Kaczynski, known as the Unabomber, carried out a string of bombings in the United States from 1978 to 1995, a campaign he said was aimed at halting the advance of modern society and technology. Mangione called Kaczynski "rightfully imprisoned," while also saying "'violence never solved anything' is a statement uttered by cowards and predators." According to CNN, handwritten documents recovered when Mangione was arrested included the phrase "these parasites had it coming." Mangione has also linked approvingly to posts criticizing secularism as a harmful consequence of Christianity's decline. In April, he wrote, "Horror vacui (nature abhors a vacuum)." The following month, he posted an essay he wrote in high school titled "How Christianity Prospered by Appealing to the Lower Classes of Ancient Rome." In another post from April, he speculated that Japan's low birthrate stems from societal disconnection, adding that "fleshlights" and other vaginal-replica sex toys should be banned. ia/nro/dw
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