NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) ("Color Star” or the "Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announced today that it received a formal notification from the Nasdaq Stock Market LLC ("Nasdaq”) that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company's ordinary shares to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's Class A Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from November 15, 2024 to November 29, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this bid price deficiency matter is now closed. About Color Star Technology Co., Ltd. Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. The Company's online education is provided through its Color World music and entertainment education platform. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com. Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development, including the development of the metaverse project; product and service demand and acceptance; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; the ability of Color Star to meet NASDAQ listing standards in connection with the consummation of the transaction contemplated therein; and other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules. Contact Color Star Investor Relations Office Number No. 1003, 9th Floor, 7 World Trade Center, Suite 4621 New York NY 10007 Office: (212) 410-5186 Email [email protected]Canada is examining the use of export taxes on major commodities it exports to the US — including uranium, oil and potash — if incoming President Donald Trump carries out his threat to impose broad tariffs. Export levies would be a last resort for Canada, according to officials familiar with the discussions inside Prime Minister Justin Trudeau ’s government. Retaliatory tariffs against US-made goods, and export controls on certain Canadian products, would be more likely to come first, said the people. But commodity export taxes — which would drive up costs for US consumers, farmers and businesses — are a real option if Trump decides to start a full-scale trade war, said the officials, speaking on condition they not be identified. Trudeau’s government may also propose giving itself expanded powers over export controls as part of a scheduled update on the country’s fiscal and economic situation to be released on Monday, they said. Canada is by far the largest external supplier of oil to the US; some refineries depend on buying cheaper Canadian heavy crude and have few alternatives to it. The US Midwest would be hit particularly hard by higher costs. Fuel makers in the region rely on Canada for almost half of the crude they turn into gasoline and diesel. Canadian uranium is also the biggest foreign source of fuel for US nuclear power plants, and potash from the country’s western provinces is a huge source of fertilizer for American farms. Meanwhile, the US Department of Defense has been investing in Canadian projects to secure sources of cobalt and graphite and reduce reliance on Chinese supply chains. For those reasons, some observers have said they expect Trump will exempt commodities from his threat to place 25% levies on goods from Mexico and Canada and focus instead on using tariffs against their manufacturing industries. In Canada’s case, that includes the auto manufacturing, aerospace and aluminium sectors, which are centred in Ontario and Quebec, where about 60% of Canadians live. Trudeau’s government would have no choice but to respond if Trump simply exempted energy while hitting all other Canadian products, said the officials, adding that’s a scenario that could prompt the use of export taxes by Canada. But for the prime minister, going down this path would cause serious political divisions within Canada. Oil, uranium and potash production are concentrated in the western provinces of Alberta and Saskatchewan. Those provinces are the strongest voter base for Conservative Leader Pierre Poilievre, and their provincial governments are staunch right-wing opponents of Trudeau. “It’s a terrible idea,” Alberta Premier Danielle Smith said when asked about the possible use of export taxes. “I don’t support tariffs on Canadian goods, and I don’t support tariffs on US goods because all it does is make life more expensive,” Smith said. “Instead, we’re taking a diplomatic approach and we’re meeting with our allies in the US.” Saskatchewan Premier Scott Moe said export taxes “are the wrong approach and Saskatchewan will vehemently oppose the federal government imposing export taxes on our potash, uranium or oil.” In an emailed statement via a spokesperson, Moe said Trudeau has not brought up export taxes during his phone calls with premiers, so “if they are under consideration, that would be a complete betrayal by the Trudeau government of the team approach they have been advocating and a complete betrayal of Canadians.” HIGH-GRADE URANIUM Although oil has received the most attention, uranium is also a critical source of imported energy for the US. Due to its civilian-military dual uses, the Canadian government can already apply export controls under existing authorities. Canada supplies the US with about a quarter of its uranium needs for nuclear reactors, with the bulk of the material coming from ultra-high-grade mines in Saskatchewan. The world’s second-largest uranium producer, Cameco Corp., sells its uranium and fuel services directly to nuclear utilities predominantly in the Americas. US nuclear reactors rely heavily on uranium imports, as domestic production of the material is virtually non-existent. Trudeau has publicly said Canada’s economy would be devastated if Trump followed through with 25% tariffs on everything the US imports from Canada. An export tax on commodities is a risky proposition for the Canadian economy, too — energy products alone make up about 30% of its exports to the US. Steve Verheul , who was Canada’s chief trade negotiator during Trump’s first term and is now a private consultant, raised the prospect of export taxes as a tool Canada might need to use in a negotiation over tariffs. Trump may decide to exempt oil, gas and food from his tariff plan, Verheul said at a Bank of Montreal event last week. Canadian officials are well aware of this, he said, and there is a discussion that it could “make sense for Canada to apply export taxes to those products in order to try to negotiate a broader exemption across all the sectors,” he said. “I think this fight could escalate in certain ways if that kind of action is taken,” Verheul said. Chrystia Freeland , Canada’s finance minister and deputy prime minister, has also suggested retaliation involving commodities. After a meeting with provincial premiers on Wednesday, she said some of them had proactively listed items — including critical minerals and metals — that could be part of a response. Trudeau has experience battling Trump on tariffs during the renegotiation of the North American Free Trade Agreement in 2017 and 2018. Trudeau’s primary goal is still to avoid a trade war with its No. 1 trading partner, and his government is planning major announcements on border security to show they are responsive to Trump’s goal of stemming the flow of migrants and fentanyl into the US. Canada is a much smaller source of both compared with Mexico, according to US government data.
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the peanut farmer who tried to restore virtue to the White House after the Watergate scandal and Vietnam War, then rebounded from a landslide defeat to become a global advocate of human rights and democracy, has died. . The Carter Center said the 39th president died Sunday, , at his home in Plains, Georgia, where he and his wife, who died in November 2023, lived most of their lives. A moderate Democrat, as a little-known Georgia governor with a broad grin, effusive Baptist faith and technocratic plans for efficient government. His promise to never deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter said. Carter’s victory over Republican Gerald Ford, whose fortunes fell after pardoning Nixon, came amid Cold War pressures, turbulent oil markets and social upheaval over race, women’s rights and America’s role in the world. His achievements included brokering Mideast peace by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at Camp David for 13 days in 1978. But his coalition splintered under double-digit inflation and the 444-day hostage crisis in Iran. His negotiations ultimately brought all the hostages home alive, but in a final insult, Iran didn’t release them until the inauguration of Ronald Reagan, who had trounced him in the 1980 election. Humbled and back home in Georgia, Carter said his faith demanded that he keep doing whatever he could, for as long as he could, to try to make a difference. He and Rosalynn co-founded in 1982 and spent the next 40 years traveling the world as peacemakers, human rights advocates and champions of democracy and public health. Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia. Awarded the Nobel Peace Prize in 2002, Carter helped ease nuclear tensions in North and South Korea, avert a U.S. invasion of Haiti and and Sudan. By 2022, the center had monitored at least 113 elections around the world. Carter was determined to as one of many health initiatives. the Carters built homes with Habitat for Humanity. The common observation that he was better as an ex-president rankled Carter. His allies were pleased that he lived long enough to see biographers and historians and declare it more impactful than many understood at the time. Propelled in 1976 by voters in Iowa and then across the South, Carter ran a no-frills campaign. Americans were captivated by the earnest engineer, and while an election-year Playboy interview drew snickers when he said he “had looked on many women with lust. I’ve committed adultery in my heart many times,” voters tired of political cynicism found it endearing. The first family set an informal tone in the White House, carrying their own luggage, trying to silence the Marine Band’s traditional “Hail to the Chief” and enrolling daughter, Amy, in public schools. Carter was lampooned for wearing a cardigan and urging Americans to turn down their thermostats. But Carter set the stage for an economic revival and sharply reduced America’s dependence on foreign oil by deregulating the energy industry along with airlines, trains and trucking. He established the departments of Energy and Education, appointed record numbers of women and nonwhites to federal posts, preserved millions of acres of Alaskan wilderness and pardoned most Vietnam draft evaders. , he ended most support for military dictators and took on bribery by multinational corporations by signing the Foreign Corrupt Practices Act. He persuaded the Senate to ratify the Panama Canal treaties and normalized relations with China, an outgrowth of Nixon’s outreach to Beijing. But crippling turns in foreign affairs took their toll. When OPEC hiked crude prices, making drivers line up for gasoline as inflation spiked to 11%, Carter tried to encourage Americans to overcome “a crisis of confidence.” Many voters lost confidence in Carter instead after the infamous address that media dubbed his “malaise” speech, even though he never used that word. After Carter reluctantly agreed to admit the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979. Negotiations to quickly free the hostages broke down, and then eight Americans died when a top-secret military rescue attempt failed. Carter also had to reverse course on the SALT II nuclear arms treaty after the Soviets invaded Afghanistan in 1979. Though historians would later credit Carter’s diplomatic efforts for hastening the end of the Cold war, Republicans labeled his soft power weak. Reagan’s “make America great again” appeals resonated, and he beat Carter in all but six states. Born Oct. 1, 1924, James Earl Carter Jr. in 1946, the year he graduated from the Naval Academy. He brought his young family back to Plains after his father died, abandoning his Navy career, and . Carter reached the state Senate in 1962. After rural white and Black voters elected him governor in 1970, he drew national attention by declaring that “the time for racial discrimination is over.” Carter published more than 30 books and remained influential as his center turned its democracy advocacy onto U.S. politics, monitoring an audit of Georgia’s 2020 presidential election results. After Carter said he felt “perfectly at ease with whatever comes.” “I’ve had a wonderful life,” “I’ve had thousands of friends, I’ve had an exciting, adventurous and gratifying existence.” ___'Forever Present' campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream NEW YORK , Nov. 22, 2024 /PRNewswire/ -- De Beers Group today launched a new marketing campaign, 'Forever Present', to reinforce desirability for natural diamonds over the key holiday gifting season in the U.S. The campaign sees the return of the iconic 'A Diamond is Forever' tagline following its reintroduction to De Beers' category marketing activities last year. Highlighting a diverse array of gifting opportunities for natural diamonds this holiday season, the campaign celebrates familial, friendship and romantic relationships under the premise that 'natural connections deserve natural diamonds', making them the ideal choice for celebrating special moments with special people. The campaign reinforces the notion that natural diamonds are a store of emotional value that enable precious memories to remain 'forever present'. The campaign features diverse real-life couples, illustrating unforgettable moments and key milestones worth celebrating with the most special people in our lives, bringing the true essence of their relationships to life on screen. Showcasing classic jewellery designs including studs, tennis bracelets, anniversary bands, three-stone rings and solitaire pendants, the campaign speaks to a broad audience of U.S. gift-givers. The campaign will run nationally throughout the U.S. across digital platforms, social media including Instagram and TikTok, and out-of-home including major airports. To enhance its reach and impact and support U.S. independent jewellery retailers, the campaign assets will also be made available free-of-charge to retailers planning to invest in natural diamond marketing this holiday season. Sandrine Conseiller , CEO of De Beers Brands, said: "De Beers' iconic natural diamond category campaigns have shaped desire for natural diamonds over many decades. We're proud to build on this tradition by reviving and refreshing one of our most legendary taglines "A Diamond Is Forever" this holiday season. With a modern sensibility and playful colloquial language, this latest campaign encapsulates the unique qualities of natural diamonds, positioning them as the perfect choice for celebrating life's most cherished milestones." The Forever Present campaign follows the recently launched Worth the Wait campaign, a collaboration between De Beers Group and Signet Jewelers. While Worth the Wait is focused on soon-to-be-engaged Millennial and Gen Z audiences, Forever Present appeals to gift-givers of all ages by showcasing the connection between natural diamonds and creating precious memories with loved ones this holiday season. Retailers interested in learning more about the Forever Present campaign and how they can participate can visit: adiamondisforevermarketing.com . The campaign is featured on @Adiamondisforever on Instagram and TikTok. The Forever Present campaign assets are available to download here . View original content to download multimedia: https://www.prnewswire.com/news-releases/de-beers-group-launches-holiday-campaign-for-natural-diamonds-302314554.html SOURCE De Beers Group
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NEW YORK – Lawyers for Sean “Diddy” Combs tried for a third time Friday to persuade a judge to let him leave jail while he awaits his sex trafficking trial, but a decision won’t come until next week. Judge Arun Subramanian said at a hearing that he will release his decision on Combs' latest request for bail after Combs’ lawyers and federal prosecutors file letters addressing outstanding issues. Those letters are due at noon on Monday, Subramanian said. Recommended Videos Combs’ lawyers pitched having him await trial under around-the-clock surveillance either his mansion on an island near Miami Beach or — after the judge scoffed at that location — an apartment on Manhattan’s Upper East Side. Their plan essentially amounts to putting Combs on house arrest, with strict limits on who he has contact with. But prosecutors argue that Combs has routinely flouted jail rules and can't be trusted not to interfere with witnesses or the judicial process. “The argument that he’s a lawless person who doesn’t follow instructions isn’t factually accurate,” Combs lawyer Anthony Ricco argued. “The idea that he’s an out-of-control individual who has to be detained isn’t factually accurate.” Combs, 55, has pleaded not guilty to charges that he coerced and abused women for years with help from a network of associates and employees while silencing victims through blackmail and violence, including kidnapping, arson and physical beatings. His trial is slated to begin May 5. The Bad Boy Records founder remains locked up at a Brooklyn federal jail, where he spent his Nov. 4 birthday. Two other judges previously concluded that Combs would be a danger to the community if he is released and an appeals court judge last month denied Combs’ immediate release while a three-judge panel of the 2nd U.S. Circuit Court of Appeals weighs his bail request. Friday's hearing was the second time Combs was in court this week. On Tuesday, a judge blocked prosecutors from using as evidence papers that were seized from his cell during jail-wide sweep for contraband and weapons at the Metropolitan Detention Center in Brooklyn. As he entered through a side door, Combs waved to relatives including his mother and several of his children in the courtroom gallery, tapping his hand to his heart and blowing kisses at them. He then hugged his lead attorney, Marc Agnifilo, before taking a seat at the defense table. He was not handcuffed or shackled and wore a beige jail uniform, occasionally pulling a pair of reading glasses from his pocket as he peered at papers in front of him. Prosecutors maintain that no bail conditions will mitigate the “risk of obstruction and dangerousness to others” of releasing Combs from jail. Prosecutors contend that while locked up the “I'll Be Missing You” artist has orchestrated social media campaigns aimed at tainting the jury pool. They allege that he has also attempted to publicly leak materials he thinks would be helpful to his case and is contacting potential witnesses via third parties. “Simply put, the defendant cannot be trusted,” Assistant U.S. Attorney Christy Slavik argued. Combs’ lawyer Teny Geragos countered that, given the strict release conditions proposed, “it would be impossible for him not to follow rules.”The five “EU Green Deal” projects for airports – Stargate, OLGA and TULIPS – and ports – PIONEERS, Magpie – gathered in the Skyhall at Brussels Airport and in the Queen Elisabeth Hall in Antwerp for the Seas to Skies Conference. This two-day event, held on December 3rd and 4th, 2024, brought together industry leaders, policymakers, and innovators to exchange experiences on how to accelerate the green transition of Europe’s ports and airports. The Sea to Skies Conference showcased the collective efforts of the five EU Green Deal projects, demonstrating how they are working together to drive innovation and sustainable practices. These projects are co-funded by the EU’s Horizon 2020 research and innovation programme, managed by the European Climate, Infrastructure and Environment Executive Agency. By fostering collaboration and knowledge sharing, Seas to Skies has empowered participants to commonly address the pressing challenges facing the two sectors and propose unified solutions not only within the consortium for each individual project, but also across the projects and sectors. The projects presented at the conference highlighted the tangible benefits of a sustainable approach. These pioneering initiatives are already making a significant impact by reducing emissions, enhancing energy efficiency, and improving the overall environmental performance of ports and airports. Speaking on the sidelines of the conference, Herald Ruijters, Deputy Director-General at the European Commission’s Directorate-General for Mobility and Transport, remarked: “Airports and ports are vital hubs for passengers and freight across our trans-European transport network. Through Horizon 2020, we are contributing €125 million to five innovative projects aimed at accelerating the deployment of sustainable fuels and electromobility in aviation and shipping. These projects will help reduce transport emissions and improve air quality at 12 airports and 8 ports across 13 Member States.” “These five projects are leading the way in developing sustainable solutions for the entire ecosystems of ports and airports. The scale of EU funding allocated to the projects demonstrates our commitment to the low-carbon and digital transport transition. We are proud today to see the achievements so far, and the successful collaboration between the project partners, researchers, industry, and SMEs. This will prove inspirational for other ports and airports across Europe and reap benefits for businesses and society at large,” said Paloma Aba Garrote, Director, European Climate, Infrastructure and Environment Executive Agency (CINEA). The MAGPIE consortium commented: “It is important for there to be an exchange of knowledge and lessons learned between the European Green Deal projects, as this not only helps MAGPIE to disseminate its solutions but also allows us to adapt them based on external input. It also encourages us to consider the scalability and reproducibility of our demonstrators in different contexts. This exchange, the Seas to Skies Conference, also allowed us to see that our visions for the projects and especially for European ports align well. Lastly, it allows us to realize that we are approaching the energy transition in ports and in its surrounding transports in a very holistic manner, considering non-technological solutions and monitoring various aspects including social acceptance as well as focusing on the technological solutions. The Port of Rotterdam as MAGPIE project coordinator is looking forward, together with the project partners, to the next two years in which demonstrations will be completed.” “After 3 years of extensive work, OLGA project has already progressed many tasks, among the around 30 tasks carried out in the project, aiming to improve the environmental performance at airports in a holistic manner. These innovations are intended for local use and scalable deployment across European airports and beyond. With a focus on replicating these results across Europe, such conferences fostering collaboration among the five H2020 Green Airports and Green Ports projects are proving vital to exchanging best practices and addressing challenges early, ensuring a unified approach to greener aviation. The discussions held over these two days confirm our motivation to successfully complete the tasks ongoing in the remaining two years”, expressed the OLGA consortium after the event. Inge De Wolf, Project Coordinator for PIONEERS stated: “The support from the European Commission for the H2020-funded PIONEERS project is pivotal in advancing our shared commitment to achieving net zero emissions as stated by the European Green Deal. Innovation is at the heart of our sustainable transition, and through collaborative efforts and dedicated funding, we can pioneer and ensure a sustainable future for our ports, our industry, and future generations. I am proud to announce that the PIONEERS consortium successfully implemented 13 demo pilots during the last year in the ports of Antwerp-Bruges, Barcelona, Constanta and Venlo, marking significant strides in our journey towards reducing global greenhouse gas emissions in port ecosystems.” “From Stargate, we were very happy to co-organise this Seas to Skies conference and to host our fellow Green Deal projects for the aviation and maritime sectors at Brussels Airport’s Skyhall,” explained Charlotte Verreydt, Project Manager of Stargate at Brussels Airport. “After realising various projects and demonstrations in the past 3 years, such as electrification of ground handling equipment, testing a taxibot and automated shuttle and hydrogen solutions, this conference is a perfect place to exchange on our results, learnings, innovations and challenges ahead. By fostering collaboration, dissemination and exchanges with CINEA, and the other projects, I am convinced we will make a greater impact and accelerate the industry’s transition to become more sustainable. I was personally pleased to see that we are all aligned on the same objectives and with an equivalent drive to have a concrete impact and ensure our legacy. This is key to our success.” Fokko Kroesen, Project Coordinator for TULIPS added: “After two years, the TULIPS project has successfully contributed to shaping the energy transition necessary to balance energy supply and demand at our lighthouse airport. Additionally, we have extended these efforts to regional airports, addressing unique challenges from varied energy infrastructures. Our demonstrations of hydrogen equipment and liquid hydrogen storage solutions have been pivotal in showcasing technologies needed to achieve emission reduction goals. These solutions are essential components of the broader portfolio of measures required to meet these targets. The Seas to Skies Conference, involving five collaborative projects, highlighted significant dissemination and partnership development progress. The crosslinks between initiatives underscore the potential for enhanced synergy, laying a promising foundation to scale solutions during the remaining project period.” Source: Port of Antwerp-Bruges
MENLO PARK, Calif. , Dec. 5, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (Nasdaq: META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Class A common stock and Class B common stock, payable on December 27, 2024 to stockholders of record as of the close of business on December 16, 2024 . Contacts Investors: Kenneth Dorell investor@meta.com / investor.fb.com Press: Ryan Moore press@meta.com / about.fb.com/news/ View original content to download multimedia: https://www.prnewswire.com/news-releases/meta-announces-quarterly-cash-dividend-302324358.html SOURCE Meta