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Krispy Kreme, Inc. (NASDAQ:DNUT) Shares Acquired by Geode Capital Management LLC
Barrister cleared of misconduct calls on head of Bar Standards Board to resign
MIAMI--(BUSINESS WIRE)--Dec 13, 2024-- FAIRHOLME FUNDS, INC. THE FAIRHOLME FUND (FAIRX) On December 13, 2024, the Fairholme Fund (NASDAQ: FAIRX) distributed an Ordinary Income dividend of $0.21078 per share to shareholders of record as of December 12, 2024. The Fairholme Fund’s Net Asset Value (“NAV”) was reduced by the total amount of the distribution. The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are as follows: Distribution Type Record Date Ex-Dividend Date Payable Date Cents-Per-Share Ordinary Income December 12, 2024 December 13, 2024 December 13, 2024 $0.21078 Total $0.21078 THE FAIRHOLME FOCUSED INCOME FUND (FOCIX) On December 13, 2024, the Fairholme Focused Income Fund (NASDAQ: FOCIX) distributed an Ordinary Income dividend of $0.06767 per share to shareholders of record as of December 12, 2024. The Fairholme Focused Income Fund’s Net Asset Value (“NAV”) was reduced by the total amount of the distribution. The Record Date, Ex-Dividend Date, Payable Date, and Cents-Per-Share are as follows: Distribution Type Record Date Ex-Dividend Date Payable Date Cents-Per-Share Ordinary Income December 12, 2024 December 13, 2024 December 13, 2024 $0.06767 Total $0.06767 Past performance is not a guarantee of future results. Investing in the Funds involves risks including loss of principal. The Funds’ investment objectives, risks, charges, and expenses should be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling Shareholder Services at (866) 202-2263 or visiting our website www.fairholmefunds.com . Read it carefully before investing. The Fairholme Fund is non-diversified, which means that The Fairholme Fund invests in a smaller number of securities when compared to more diversified funds. Therefore, The Fairholme Fund is exposed to greater individual stock volatility than a diversified fund. The Fairholme Fund also invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fairholme Fund may also invest in “special situations” to achieve its objectives. These strategies may involve greater risks than other fund strategies. The Fairholme Focused Income Fund (the “Income Fund”) is a non-diversified mutual fund, which means that the Income Fund invests in a smaller number of securities when compared to more diversified funds. This strategy exposes the Income Fund and its shareholders to greater risk of loss from adverse developments affecting portfolio companies. The Income Fund’s investments are also subject to interest rate risk, which is the risk that the value of a security will decline because of a change in general interest rates. Investments subject to interest rate risk will usually decrease in value when interest rates rise and rise in value when interest rates decline. Also, securities with long maturities typically experience a more pronounced change in value when interest rates change. Debt securities are subject to credit risk (potential default by the issuer). The Income Fund may invest without limit in lower-rated securities. Compared to higher-rated fixed income securities, lower-rated debt may entail greater risk of default and market volatility. Foreside Funds Distributors LLC (12/24) View source version on businesswire.com : https://www.businesswire.com/news/home/20241213557386/en/ CONTACT: Fairholme Funds, Inc. Jodi Lin, 305-358-3000 KEYWORD: FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: COMMUNICATIONS PROFESSIONAL SERVICES PUBLIC RELATIONS/INVESTOR RELATIONS FINANCE SOURCE: Fairholme Funds, Inc. Copyright Business Wire 2024. PUB: 12/13/2024 05:30 PM/DISC: 12/13/2024 05:32 PM http://www.businesswire.com/news/home/20241213557386/enZelensky insists on a 'just peace' at Trump Paris meeting
Doha wins UNESCO Learning Cities Award 2024
Beirut: Insurgents’ stunning march across Syria gained speed on Saturday (Sunday AEDT) with news that they had reached the suburbs of the capital Damascus and with the government forced to deny rumours that President Bashar al-Assad had fled the country. The lightning rebel advance suggests that Assad’s government could fall within the next week, US and other Western officials said. A giant portrait of Syrian president Bashar Assad sets on a building, as empty streets seen in Damascus, Syria, on Saturday. Credit: AP Since the rebels’ sweep into Aleppo a week ago, government defences have crumbled at a dizzying speed as insurgents seized a string of major cities and rose up in places where the rebellion had long seemed over. The twin threats to the strategically vital city of Homs and the capital, Damascus, now pose an existential danger to the Assad dynasty’s five-decade reign over Syria and the continued influence there of its main regional backer, Iran. The rebels’ moves around Damascus, reported by an opposition war monitor and a rebel commander, came after the Syrian army withdrew from much of the southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. If the insurgents capture Homs, they would cut the link between Damascus, Assad’s seat of power, and the coastal region where the president enjoys wide support. The advances in the past week were among the largest in recent years by opposition factions led by a group that has its origins in al-Qaeda and is considered a terrorist organisation by the US and the United Nations. In their push to overthrow Assad’s government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. For the first time in the country’s long-running civil war, the government now has control of only four of 14 provincial capitals: Damascus, Homs, Latakia and Tartus. People arrive at the Jordanian side of the border as others wait in their cars, after a ban on crossings into Syria, on December 7, 2024 in Jaber, Jordan. Credit: Getty Images The UN’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition”. Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad’s chief international backer, said he feels “sorry for the Syrian people”. In Damascus, people rushed to stock up on supplies. Thousands went to Syria’s border with Lebanon, trying to leave the country. Loading Many shops in the capital were shuttered, a resident told the Associated Press, and those still open had run out of staples such as sugar. Some were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle [in Damascus] or not.” It was the first time that opposition forces reached the outskirts of Damascus since 2018 when Syrian troops recaptured the area following a years-long siege. The UN said it was moving non-critical staff outside the country as a precaution. Syrian President Bashar al-Assad: Backed by Russia and Iran – both of which are bogged down in separate conflicts. Credit: Saudi Press Agency/AP Assad rumours Syria’s state media denied social media rumours that President Assad had left the country, saying he was performing his duties in Damascus. Assad has had little, if any, help from his allies. Russia is busy with its war in Ukraine and Lebanon’s Hezbollah, which at one point sent thousands of fighters to shore up Assad’s forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. US President-elect Donald Trump on Saturday posted on social media that the US should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a UN resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with UN-supervised elections. A Syrian opposition fighter holds a rocket launcher in front of the provincial government office. Credit: AP Foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit on Saturday to discuss the situation. No details were immediately available. The insurgents’ march Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. An insurgent commander, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a “salvation government” to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group’s image, cutting ties with al-Qaeda, ditching hardline officials and vowing to embrace pluralism and religious tolerance. Syrian rebel leader Abu Mohammed al-Golani. Credit: Al Jazeera Syria’s military, meanwhile, sent large numbers of reinforcements to defend the key central city of Homs, Syria’s third largest, as insurgents approached its outskirts. The shock offensive began on November 27, during which rebel fighters captured the northern city of Aleppo, Syria’s largest, and the central city of Hama, the country’s fourth-largest city. Opposition activists said insurgents entered Palmyra on Friday, which is home to invaluable archaeological sites, that had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra, including the main Baath City, activists said. Loading The Syrian Observatory said government troops had withdrawn from much of the two southern provinces and were sending reinforcements to Homs, where a battle loomed. If the insurgents capture Homs, they would cut the link between Damascus, Assad’s seat of power, and the coastal region where the president enjoys wide support. The Syrian Army said in a statement that it had carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists”. The army said it was setting up a “strong and coherent defensive and security belt in the area”, apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. Diplomacy in Doha The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar’s top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticised Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there was a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. AP, Reuters Get a note directly from our foreign correspondents on what’s making headlines around the world. Sign up for our weekly What in the World newsletter . Save Log in , register or subscribe to save articles for later. World politics Syria Bashar al-Assad Syria United Nations Most Viewed in World LoadingHasbro Inc. stock rises Friday, outperforms marketIn 2023, nearly three in ten flights arrived more than 15 minutes late, according to Eurocontrol's 2024 data snapshot. Sadly, the reality — for many travellers around the world — is still the same today. The holiday season brings a familiar hustle and bustle: packed airports, long lines at security, delayed flights and the occasional scramble to find a gate. It’s a logistical nightmare that tests even the most seasoned travel operators. But now, buoyed by AI, the travel industry is finding some respite amidst the chaos. Udi Segall, CEO of IntellAct, said in an interview that AI’s role in the travel industry isn’t just about technology, but about connecting people. “AI’s true power lies in its human impact,” he told me. “It’s about ensuring families reunite on time, sparing crew members from extended delays, and bringing peace of mind to passengers navigating the holiday rush.” AI is helping airports and airlines be more efficient this holiday season, streamlining operations, reducing costs and improving passenger experiences. But for Segall, there are 5 major ways AI is keeping the booming travel industry on track. 5 Ways AI is Improving The Air Travel Industry 1. Diagnosing Delays and Keeping Flights on Time One of AI’s biggest promises for the travel industry is its ability to track, analyze and improve airplane turnaround times — a critical metric for maintaining on-time performance. Segall, who is also a board member of the Smart Airport Technologies Association, explained that AI-powered descriptive analytics can monitor every step of the turnaround process, from baggage unloading to cleaning services and passenger boarding. The hundreds of data points that AI gathers often help to generate a clear picture of how long each step takes. So, when delays occur, AI’s diagnostic capabilities kick in, identifying root causes such as slower-than-expected boarding or baggage handling issues. “These insights would be impossible to achieve manually, giving airport personnel the tools to address inefficiencies in real time,” said Segall. 2. Preventing Disruptions Before They Escalate Beyond diagnosing delays, AI also helps to predict and prevent disruptions. Through analyzing historical and real-time data, AI can predict how long it will take to resolve an issue and recommend actions to mitigate its impact. Prescriptive analytics , for instance, can suggest whether it’s worth waiting for missing passengers or prioritizing fuel-efficient paths to gates. “AI does not only monitor traveler traffic, but it also empowers personnel to make better decisions, reducing costs and customer frustrations,” noted Segall. 3. Boosting Operational Efficiency and Sustainability Flight delays cost both time and money. Many of us have been there, waiting for delayed flights for hours— seething with anger and thinking about the strong words to use in the complaints we will file. Such events don’t bode well for airlines. Although record numbers of people are flying today, according to CNN , airlines’ profits continue to plunge, with the aviation industry losing billions annually due to disruptions — from wasted fuel to labor expenses and compensation for disgruntled passengers. This is an area where AI’s predictive capabilities are useful. Segall noted that IntellAct’s AI-powered systems help airlines make the best use of gates, aircraft and personnel, reducing idle times and fuel consumption. He added that this not only saves money but also helps the industry to stay committed to the race to net-zero by 2050 . 4. Creating Safer Airports While there are ethical concerns around the use of AI for air travel, AI platforms like IntellAct enhance safety standards during turnaround operations, detecting and reporting violations in real time. Whether it’s spotting improperly loaded baggage or unauthorized personnel in restricted areas, AI-powered innovations are becoming more and more valuable in helping to create safer airports. 5. Transforming the Passenger Experience For air travelers, AI-powered tools offer less stress, shorter waits, as well as more predictability, impacting the overall travel experience for passengers. Segall even envisions a future where passengers enjoy seamless journeys, thanks to AI-driven innovations. From optimizing check-in times to managing gate assignments and improving in-flight services, could unlock a new range of experiences for air travellers. “Air travel hasn’t changed much for passengers in decades,” he said. “But with AI, we can finally create journeys that are smoother, more enjoyable and less frustrating.” AI’s Economic Superpower in Aviation Perhaps the biggest value in integrating AI into air travel operations is the economic value it presents. For example, one of the leading causes of losses for airlines is flight disruption . Every delay burns money, said Segall, who cited wasted fuel and costly labor as examples of how flight disruptions lead to losses in the aviation industry. Imagine the cumulative GDP boost across the globe if millions of passengers spent less time waiting in airports and more time engaged in meaningful activities. “By keeping flights on track, AI contributes not just to operational efficiency but also to global economic growth,” said Segall who added that “the aviation industry works with razor-thin margins, and AI offers a path to profitability without compromising passenger experience or sustainability.” Whether it’s keeping families together during the holiday rush or driving long-term economic growth, AI looks poised to change the way we move, one flight at a time.