Fury as hated London mayor Sadiq Khan ‘will be rewarded for failure’ if he gets rumoured knighthoodNorthvolt says Quebec battery plant will proceed despite bankruptcy filing MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec. The Canadian Press Nov 21, 2024 12:11 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message An aerial view of the land being developed by Northvolt, the new EV battery plant being built by the Swedish manufacturer in Saint-Basile-le-Grand, east of Montreal, Que.,Thursday, May 16, 2024. THE CANADIAN PRESS/Christinne Muschi MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec. The Sweden-based parent company and several subsidiaries on Thursday filed for a court-supervised reorganization of its debt and assets under Chapter 11 of the U.S. bankruptcy code. However, Northvolt said its Canadian subsidiary is financed separately and "will continue to operate as usual outside of the Chapter 11 process." The Northvolt plant, dubbed Northvolt Six and slated for construction about 25 kilometres east of Montreal, is a $7-billion undertaking that aims to churn out battery cells and cathode active material for electric vehicles. "Northvolt Six is an essential component of the company's future and we remain fully committed to seeing it through," said Paolo Cerruti, Northvolt co-founder and CEO of Northvolt North America, which oversees the project. "The execution plan for the site construction is proceeding diligently and prudently, including during the period of restructuring of the parent company in Sweden," he said in a statement in French. Nonetheless, concerns around Northvolt's financial solvency have raised questions about a project to which Quebec and Ottawa have pledged $2.4 billion in funding. In September, Northvolt announced it would shrink its operations in Europe and lay off 1,600 employees in Sweden, or about a fifth of its workforce. Last month, Cerruti suggested that the company may have been overly ambitious, but said it had no intention of asking the provincial or federal governments for more money for its planned lithium battery plant in Quebec's Montérégie region. The manufacturer is in Quebec "to stay," he assured industry representatives in Montreal on Oct. 28. This report by The Canadian Press was first published Nov. 21, 2024. The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Dynamite, Garage parent company makes debut on Toronto Stock Exchange Nov 21, 2024 12:30 PM Under-20 coach Cindy Tye named interim coach for upcoming Canada senior friendlies Nov 21, 2024 12:06 PM Economist says temporary tax cut, relief cheques play into rosier growth picture Nov 21, 2024 11:59 AM Featured Flyer
A motor vehicle collision in the west end of London has led to impaired driving charges for a 59-year-old man. On Thursday at around 3:30 p.m., several people called in an unsafe driver, who hit a pedestrian in the area of Commissioners Road West and Boler Road. Police arrested the driver at the scene. The pedestrian was transported to hospital with non-life-threatening injuries. The 59-year-old now faces charges of impaired operation of a conveyance causing bodily harm, and impaired operation of a conveyance exceeding blood alcohol concentration. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks Our Guide To The Most Giftable Toys In 2024 17 Sweet Treats And Snacks That Make Great Stocking Stuffers The Best Gift Ideas From Canadian Brands For Everyone On Your List Home Our Guide To The Best Sectional Sofas You Can Get In Canada Our Guide To The Best Electric Snow Shovels In Canada In 2024 (And Where To Get Them) Our Guide To The Best Hydroponic Gardens In Canada In 2024 (And Where To Get Them) Gifts 20 Of The Best Gifts Worth Splurging On In 2024 Mary Berg's Favourite Kitchen Products To Gift This Holiday Season The Best Gifts to Give Your Dad in 2024 Beauty Our Guide To The Best Self Tanners You Can Get In Canada 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit Deals Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations The Waterpik Advanced Water Flosser Will Make Cleaning Your Teeth So Much Easier — And It's 40% Off For Cyber Monday London Top Stories SIU: driver that fled OPP traffic stop in Arva fatally injured Although the snow is tapering off, some roads are still closed or not cleaned yet Pedestrian struck by impaired driver in London's west end Threatening text messages seen by jury at bush bash shooting trial Snowfall cancels Argyle BIA Santa Claus parade OPP say they responded to 162 collisions in a snowy 26 hours Tow truck driver injured after helping stuck vehicle Police seek help identifying suspects in break-and-enter and shooting investigation CTVNews.ca Top Stories A police photographer recounts the harrowing day of the Polytechnique massacre Montreal crime scene photographer Harold Rosenberg witnessed a lot of horror over his thirty years on the job, though nothing of the magnitude of what he captured with his lens at the Polytechnique on December 6, 1989. He described the day of the Montreal massacre to CTV Quebec Bureau Chief Genevieve Beauchemin. NDP's Singh forces debate on $250 cheques for more Canadians; Conservatives cut it short With the fate of the federal government's promised $250 cheques for 18.7 million workers hanging in the balance, the NDP forced a debate Friday on a motion pushing for the prime minister to expand eligibility. The conversation was cut short, though, by Conservative MPs' interventions. DEVELOPING | Police believe gunman who killed UnitedHealthcare CEO has left New York City The gunman who killed the CEO of the largest U.S. health insurer may have fled the city on a bus, New York City police officials told CNN on Friday. Purolator, UPS pause shipments from couriers amid Canada Post strike Purolator and UPS have paused shipments from some courier companies as they try to work through a deluge of deliveries brought on by the Canada Post strike. Northern Ontario man sentenced for killing his dog WARNING: This article contains graphic details of animal abuse which may be upsetting to some readers. A 40-year-old northern Ontario man is avoiding prison after pleading guilty to killing his dog earlier this year. Sask. father who kept daughter from mom to prevent COVID-19 vaccine free from additional prison time Michael Gordon Jackson, the Saskatchewan father who withheld his then seven-year-old daughter from her mom for nearly 100 days to prevent the girl from getting a COVID-19 vaccine, was handed a 12-month prison sentence and 200 days probation on Friday, but credited with time served. Health Canada says daily cannabis use hasn't changed much since legalization Health Canada says daily cannabis use has remained stable since it was legalized in 2018. Quebec premier wants to ban praying in public Premier François Legault took advantage of the last day of the parliamentary session on Friday to announce to 'Islamists' that he will 'fight' for Quebec values and possibly use the notwithstanding clause to ban prayer in public places such as parks. Ticketmaster hidden fees settlement credits expected in 2025 following class-action lawsuit by Regina lawyer A longstanding lawsuit against Ticketmaster is nearing its end, with a judge expected to approve the more than $6 million dollar settlement before the end of the year. Kitchener Threat that caused school lockdowns in Guelph came from the United States Guelph Police Service is releasing more information about a call that caused two schools to go into lockdown and a third to implement hold-and-secure measures earlier this week. University of Waterloo harnessing the power of alpaca poop The University of Waterloo is trying to create an unusual type of compost. Home extensively damaged, school evacuated, after Kitchener fire No injuries have been reported after a fire in Kitchener Friday morning. Barrie Driver charged after passing snow plow in front of oncoming OPP vehicle A driver was pulled over and charged after passing a snow plow in front of an oncoming OPP vehicle. Multi-vehicle crash on Highway 400 snarled traffic A three-vehicle crash on Highway 400 snarled Friday afternoon traffic. Messy road conditions result in several collisions Emergency crews were kept busy in the early morning hours on Friday as the wintry weather created slippery conditions on the roads, and according to weather experts, we’re not in the clear just yet. Windsor Suspects sought after two hardware store break-ins Essex County OPP are investigating two overnight break-ins at hardware stores. Homeless encampment returns to the chagrin of residents Ashley Harrington's problem was solved for a short time, but then a homeless encampment returned behind her property. Annual Holiday Toy and Collectors show raising funds for Adopt-A-Vet: 'We've got to give back' The holiday season is a time for joy, but for many Canadian veterans who are alone, it can be increasingly sad. Northern Ontario Northern Ontario man sentenced for killing his dog WARNING: This article contains graphic details of animal abuse which may be upsetting to some readers. A 40-year-old northern Ontario man is avoiding prison after pleading guilty to killing his dog earlier this year. Purolator, UPS pause shipments from couriers amid Canada Post strike Purolator and UPS have paused shipments from some courier companies as they try to work through a deluge of deliveries brought on by the Canada Post strike. Four transport truck drivers charged in northern Ont. collisions on Hwy. 11 Bad weather and bad driving contributed to multiple collisions on Highway 11 on Wednesday, leading to charges for several commercial motor vehicle drivers. Sault Ste. Marie Northern Ontario man sentenced for killing his dog WARNING: This article contains graphic details of animal abuse which may be upsetting to some readers. A 40-year-old northern Ontario man is avoiding prison after pleading guilty to killing his dog earlier this year. Sault College health students showcase their work Sault College students from three different health-care programs had the opportunity to present their work to local industry leaders at the institute’s second Health Care Research Showcase. Northern Ont. police catch liquor store thief, getaway driver Two people from southern Ontario have been charged in connection with a liquor store robbery Wednesday in the Town of Thessalon. The suspects were caught after trying to flee on Highway 17 and hiding the booze in a snowbank. Ottawa OC Transpo to open Trillium Line in three stages starting Jan. 6 OC Transpo general manager Renee Amilcar announced the Lines 2 and 4 will open in three phases, starting with five-day service Monday to Friday beginning Jan. 6. Another blast of snow coming to Ottawa this weekend It’s cold this Friday in Ottawa, as it feels like minus 17 in the morning and minus 10 in the afternoon with windchill. Vigils held in eastern Ontario to mark 35 years since Montreal massacre Friday marks 35 years since the Montreal massacre, where 14 women were shot and killed at École Polytechnique. Toronto Woman facing 96 animal welfare charges in connection with unlicensed kennel in Hamilton A woman is facing 96 animal welfare charges in connection with an unlicensed kennel in Hamilton, where two pet owners claimed their dogs died while in her care. Hamilton police shut down ‘open air drug market’ they say was 'run like a business' Hamilton Police say that they have shut down an "open air drug market" in the vicinity of a downtown laneway that appeared to be "run like a business." 1 dead, 2 in hospital after collision in Etobicoke A 51-year-old man is dead after a two-vehicle collision in Etobicoke Friday morning. Montreal 'Duty to learn': Vigils mark 35th anniversary of Polytechnique anti-feminist killings Braving a biting winter wind, dignitaries gathered in front of Polytechnique Montréal's main campus on Friday to pay tribute to the 14 women killed at the Montreal institution in an anti-feminist attack 35 years ago. Quebec premier wants to ban praying in public Premier François Legault took advantage of the last day of the parliamentary session on Friday to announce to 'Islamists' that he will 'fight' for Quebec values and possibly use the notwithstanding clause to ban prayer in public places such as parks. Third public art theft in a month: Westmount bronze statue stolen A bronze statue was recently stolen from Prince Albert Square in Westmount, marking the third public art piece to go missing in just over a month. Atlantic Maritime weekend weather: Cold start and snowy finish Colder temperatures lie ahead for the weekend in the Maritimes with another swipe of snow and rain expected Sunday. N.S. RCMP search for Prospect Bay man wanted on provincewide warrant The RCMP is searching for a Nova Scotia man wanted on a provincewide warrant. Sister of man found dead in Kentville, N.S., speaks out The sister of a 52-year-old man found dead in a tent in Kentville, N.S., on Wednesday is speaking out on her loss. Winnipeg Manitoba premier hints at change of location for supervised drug consumption site The Manitoba government signalled Friday it is open to changing the location of a proposed supervised drug consumption site that had been revealed two days earlier and met with criticism. 'A well-loved piece': Historic carousel display from Hudson’s Bay Company store lands at Winnipeg shop When a carousel setup from the Hudson’s Bay Company became available during an auction, a Winnipeg business owner had to have it. Manitoba RCMP looking to identify vehicle possibly connected to double homicide The Manitoba RCMP is looking for help to identify a vehicle potentially connected to a double homicide in Portage la Prairie on Sunday. Calgary Calgary's Fueling Brains Academy targeted by 'possible data breach' Calgary police say a strange email addressed to parents of students at Fueling Brains Academy did not come from the business. Unemployment in Alberta remains steady, population growth continues to drive up Calgary’s unemployment New data shows Calgary’s unemployment rate ranks amongst the highest in the country as its growth in population continues to outpace the availability of job opportunities. Alberta releases new rules and no-go zones on wind and solar projects The Alberta government has released new wind and solar development rules it says are needed to protect the environment, food security and the province's scenery. Edmonton Security guard killed at Edmonton apartment building Homicide detectives are investigating the death of a security guard in central Edmonton on Friday morning. Alberta working to get money's worth on Turkish medication deal after 2 years Alberta Premier Danielle Smith says the government is working to get taxpayer value for the money it paid for medication that has yet to be approved and delivered. Jasper hockey goalie pays tribute to fire-ravaged town Among the things Jasper resident Reid Jackson lost when his family's home was destroyed by the summer fire was his hockey goalie equipment. Regina Bernadette McIntyre named Saskatchewan's 24th Lieutenant Governor Saskatchewan’s 24th Lieutenant Governor will be Bernadette McIntyre after being appointed to the position by Prime Minister Justin Trudeau on Friday. Roses handed out in commemoration of polytechnic massacre Members of the YWCA handed out roses at the University of Regina to bring awareness to violence against women. Sask. father who kept daughter from mom to prevent COVID-19 vaccine free from additional prison time Michael Gordon Jackson, the Saskatchewan father who withheld his then seven-year-old daughter from her mom for nearly 100 days to prevent the girl from getting a COVID-19 vaccine, was handed a 12-month prison sentence and 200 days probation on Friday, but credited with time served. Saskatoon Bernadette McIntyre named Saskatchewan's 24th Lieutenant Governor Saskatchewan’s 24th Lieutenant Governor will be Bernadette McIntyre after being appointed to the position by Prime Minister Justin Trudeau on Friday. Saskatoon-based dog rescue operator ordered to pay $27K for defamatory Facebook posts A Saskatoon-based dog rescue operator has been ordered to pay over $27,000 in damages to five women after a judge ruled she defamed them in several Facebook posts. Are other cities better at clearing snow than Saskatoon? One of the noticeable changes during Saskatoon’s 2025 budget deliberations at city hall this past week was an increase to the snow and ice budget. Vancouver Soggy night for Swifties? Umbrellas not allowed at Taylor Swift concert venue in Vancouver There's heavy rain in the forecast for the first night of Taylor Swift's sold-out Eras Tour in downtown Vancouver – and umbrellas are prohibited at the concert venue. B.C. minister wants new safety plan for Victoria schools, threatens board removal British Columbia Education Minister Lisa Beare has appointed a special adviser to help the Victoria school board "revise and improve" its safety plan after it barred police from schools except in emergencies. B.C. ombudsman to investigate delay in sending social assistance cheques amid post strike Thousands of social assistance cheques have not been distributed in British Columbia because of the Canada Post strike, prompting an investigation by provincial ombudsperson Jay Chalke. Vancouver Island B.C. minister wants new safety plan for Victoria schools, threatens board removal British Columbia Education Minister Lisa Beare has appointed a special adviser to help the Victoria school board "revise and improve" its safety plan after it barred police from schools except in emergencies. Victoria man sentenced for sexually assaulting teen after supplying her drugs A Victoria man has been sentenced to five years in prison for twice sexually assaulting a teenage girl – one of four minors he was convicted of targeting over an eight-month period in 2018. Mounties say stolen Dodge pickups recovered near Victoria Mounties on Vancouver Island say two Dodge pickup trucks that were reported stolen last month have been recovered. Stay ConnectedCenovus Energy Inc. (TSE:CVE) Senior Officer Jeffery George Lawson Acquires 5,000 Shares
Trump elevates his crypto playbook with the appointment of David Sacks as the “White House AI and Crypto Czar” . The president-elect wrote on the appointment: “He will work on a legal framework so the Crypto industry has the clarity it has been asking for and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology...” Also, a crypto advocate, Paul Atkins, has been nominated to lead the US Securities & Exchange Commission (SEC). The appointment of David Sacks as the “White House AI and Crypto Czar” by President-elect Donald Trump is seen as a significant move towards a more crypto-friendly regulatory environment in the U.S. “I am pleased to announce that David O. Sacks will be the “White House A.I. & Crypto Czar.” Sacks is expected to work on creating a legal framework that provides clarity for the crypto industry, which has been a long-standing demand from the sector. “He will work on a legal framework so the Crypto industry has the clarity it has been asking for and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology...” Trump wrote. This appointment, along with the nomination of Paul Atkins , a known crypto advocate, to lead the SEC, signals a shift towards more supportive policies for cryptocurrencies. The aim is to make the U.S. a leader in both AI and crypto technologies, ensuring that these industries can thrive with clear and favorable regulations. Simply, there is a huge convergence here with many nice things happening for the crypto industry. Now the concern: is there a chance that the exuberance will break the market, triggering an economic collapse because everyone will be buying crypto, and no one will give companies money to build products and services which fix frictions in communities? Simply, these things may not turn out well. Remember 2007 and 2008 when everyone in Nigeria was a stock trader, and how it ended. Extrapolate that to Americas and the world. My message is clear: shine your eyes! I am calling a market crash by Q2 2026, mainly by looking at how humans pursued stocks in 2007 and ended us burnt. Crypto will drive this upcoming episode, not because crypto is defective, but rather, the greed to win via crypto will starve capital on productive systems that will trigger a massive economic disequilibrium. Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025 ) opens registrations; register today for early bird discounts. Tekedia AI in Business Masterclass opens registrations here. Join Tekedia Capital Syndicate and i nvest in Africa’s finest startups here . Think of it: I have bought my coin and I can vacation while it grows. You do yours and go on tours expecting the bull to continue. Your neighbour does. Companies close plants, cash out and inject into cryptos. Over time, inflation will hit because no one is focusing on making anything. It does not read right....but wait until BTC hits $150k! As Trump Chooses David Sack and Paul Atkins as Crypto Czar and SEC Chair, A New Era Begins Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here .LAHAINA, Hawaii (AP) — Tyrese Hunter scored 17 of his 26 points after halftime to lead Memphis to a 99-97 overtime win against two-time defending national champion and second-ranked UConn on Monday in the first round of the Maui Invitational . Hunter shot 7 of 10 from 3-point range for the Tigers (5-0), who were 12 of 22 from beyond at the arc as a team. PJ Haggerty had 22 points and five assists, Colby Rogers had 19 points and Dain Dainja scored 14. Tarris Reed Jr. had 22 points and 11 rebounds off the bench for the Huskies (4-1). Alex Karaban had 19 points and six assists, and Jaylin Stewart scored 16. Memphis led by as many as 13 with about four minutes left in regulation, but UConn chipped away and eventually tied it on Solo Ball’s 3-pointer with 1.2 seconds remaining. Memphis: The Tigers ranked second nationally in field goal percentage going into the game and shot it at a 54.7% clip. UConn: The Huskies saw their string of 17 consecutive wins dating back to February come to an end. The teams were tied at 92 with less than a minute remaining in overtime when UConn coach Dan Hurley was assessed a technical foul for his displeasure with an over-the-back call against Liam McNeeley. PJ Carter hit four straight free throws — two for the tech and the other pair for the personal foul — to give Memphis a 96-92 lead with 40.3 seconds to play. UConn had three players foul out. Memphis attempted 40 free throws and made 29 of them. Memphis will play the winner of Colorado-Michigan State on Tuesday in the second round of the invitational. UConn will play the loser of that game in the consolation bracket. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball .Biden opens final White House holiday season with turkey pardons and first lady gets Christmas tree WASHINGTON (AP) — President Joe Biden has kicked off his final holiday season at the White House, issuing the traditional reprieve to two turkeys who will bypass the Thanksgiving table to live out their days in Minnesota. The president welcomed 2,500 guests under sunny skies as he cracked jokes about the fates of “Peach” and “Blossom.” He also sounded wistful tones about the last weeks of his presidency. Separately, first lady Jill Biden received the delivery of the official White House Christmas tree. And the Bidens are traveling to New York later Monday for an early holiday celebration with members of the Coast Guard. Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season LAS VEGAS (AP) — Formula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors. The approval ends years of wrangling that launched a federal investigation into why Colorado-based Liberty Media, would not approve the team initially started by Michael Andretti, who has since stepped aside. The 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. US goalkeeper Alyssa Naeher is retiring from international soccer U.S. women’s national team goalkeeper Alyssa Naeher is retiring from international soccer. Naeher is on the team’s roster for a pair of upcoming matches in Europe but those will be her last after a full 11 years playing for the United States. Naeher was on the U.S. team that won the Women’s World Cup in 2019 and the gold medal at this year's Olympics in France. She’s the only U.S. goalkeeper to earn a shutout in both a World Cup and an Olympic final. Bah, humbug! Vandal smashes Ebenezer Scrooge's tombstone used in 'A Christmas Carol' movie LONDON (AP) — If life imitates art, a vandal in the English countryside may be haunted by The Ghost of Christmas Yet to Come. Police in the town of Shrewsbury are investigating how a tombstone at the fictional grave of Ebenezer Scrooge was destroyed. The movie prop used in the 1984 adaption of Charles Dickens' “A Christmas Carol” had become a tourist attraction. The film starred George C. Scott as the cold-hearted curmudgeon who is visited by three ghosts on Christmas Eve who show him what will become of his life if he doesn’t become a better person. West Mercia Police say the stone was vandalized in the past week. Megachurch founder T.D. Jakes suffers health incident during sermon at Dallas church DALLAS (AP) — The founder of Dallas-based megachurch The Potter's House, Bishop T.D. Jakes, was hospitalized after suffering what the church called a “slight health incident.” Jakes was speaking to churchgoers after he sat down and began trembling as several people gathered around him Sunday at the church. Jakes' daughter Sarah Jakes Roberts and her husband Touré Roberts said in a statement on social media late Sunday that Jakes was improving. The 67-year-old Jakes founded the non-denominational The Potter's House in 1996 and his website says it now has more than 30,000 members with campuses in Fort Worth and Frisco, Texas; and in Denver. At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting The reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism. Doesn't it makes sense, they said, for hosts of a political news show to meet with such an important figure? But given how “Morning Joe” has attacked Trump, its viewers felt insulted. Many reacted quickly by staying away. It all reflects the broader trend of opinion crowding out traditional journalist in today's marketplace, and the expectations that creates among consumers. By mid-week, the show's audience was less than two-thirds what it has typically been this year. Pilot dies in plane crash in remote woods of New York, puppy found alive WINDHAM, N.Y. (AP) — Authorities say a pilot and at least one dog he was transporting died when a small plane crashed in the snowy woods of the Catskill Mountains, though a puppy on the flight was found alive with two broken legs. The Greene County sheriff’s office says Seuk Kim of Springfield, Virginia, was flying from Maryland to Albany, New York, when the plane crashed at about 6:10 p.m. Sunday in a remote area. Officials believe the pilot died from the impact. The surviving dog was hospitalized, while a third dog was not located. The flight was connected with a not-for-profit group that transports rescue animals. Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it’s possible that Buffett’s children could die before giving it all away. Buffett said he has no regrets about his decision to start giving away his fortune in 2006. Pop star Ed Sheeran apologizes to Man United boss Ruben Amorim for crashing interview MANCHESTER, England (AP) — British pop star Ed Sheeran has apologized to Ruben Amorim after inadvertently interrupting the new Manchester United head coach during a live television interview. Amorim was talking on Sky Sports after United’s 1-1 draw with Ipswich on Sunday when Sheeran walked up to embrace analyst Jamie Redknapp. The interview was paused before Redknapp told the pop star to “come and say hello in a minute.” Sheeran is a lifelong Ipswich fan and holds a minority stake in the club. He was pictured celebrating after Omari Hutchinson’s equalizing goal in the game at Portman Road. A desert oasis outside of Dubai draws a new caravan: A family of rodents from Argentina AL QUDRA LAKES, United Arab Emirates (AP) — A desert oasis hidden away in the dunes in the far reaches of skyscraper-studded Dubai has drawn a surprising new set of weary world travelers: a pack of Argentinian rodents. A number of Patagonian mara, a rabbit-like mammal with long legs, big ears and a body like a hoofed animal, now roam the grounds of Al Qudra Lakes, typically home to gazelle and other desert creatures of the United Arab Emirates. How they got there remains a mystery in the UAE, a country where exotic animals have ended up in the private homes and farms of the wealthy. But the pack appears to be thriving there and likely have survived several years already in a network of warrens among the dunes.
The move could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election by a top court. Parliament approved the new administration in a 240-143 vote in Romania’s 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party (PSD) the centre-right National Liberal Party (PNL), the small ethnic Hungarian UDMR party and national minorities. It caps a month-long period of turmoil in which far-right nationalists made significant gains in a parliamentary election on December 1 a week after a first-round presidential race saw the far-right outsider Calin Georgescu emerge as the front-runner. “It will not be an easy mandate for the future government,” Mr Ciolacu, whose PSD party topped the polls in the parliamentary election, said in a statement. “We are aware that we are in the midst of a deep political crisis,” he said. “It is also a crisis of trust, and this coalition aims to regain the trust of citizens, the trust of the people.” Romania’s 16 ministerial positions will be shared among the parties, which will hold a slim majority in the legislature. It is widely seen as a tactical partnership to shut out far-right nationalists whose voices found fertile ground amid high living costs and a sluggish economy. Mr Ciolacu, who came third in the first-round presidential ballot despite polls indicating he would win the most votes, has served as prime minister since June 2023. After parliament’s approval, President Klaus Iohannis swore in the new government and warned the new Cabinet that it is entering a “difficult new period” in which “for many Romanians, there are major concerns”. Romania was plunged into turmoil after Mr Georgescu’s surprise success in the presidential race, after allegations of electoral violations and Russian interference emerged. Days before the December 8 run-off, the Constitutional Court made the unprecedented move to annul the presidential race. “We go through complicated times, but I think we all learned from mistakes of the past,” Mr Ciolacu said. “I hope that together with my colleagues in the coalition, we’ll find the best solutions to get past the challenges we have in front of us.” Mr Ciolacu said that the new government would aim to quickly organise the rerun of the presidential election in which the new coalition has agreed to put forward an agreed common pro-European candidate. Cristian Andrei, a political consultant based in Bucharest, said that the new government made up of the same political parties will likely embrace “soft populist” rhetoric such as economic patriotism, anti-austerity, and a peace solution in neighbouring Ukraine to counter the rise of far-right populism. “This will be a way to answer the concerns of many Romanians who voted for populists... but will not solve the fundamental problem of trust,” he said. “The only decisive factor now will be who and how convincing the pro-European candidates will be against this popular revolt.” George Simion, the leader of the far-right Alliance for the Unity of Romanians, which came second in the parliamentary election, said that all politicians from his party on Monday would vote against the Ciolacu government. In 2021, the PSD and the PNL also formed an unlikely but increasingly strained coalition together with UDMR, which exited the Cabinet last year after a power-sharing dispute.
NoneNoneU.S. Gold Corp. Closes $10.2 Million Non-Brokered Registered Direct Offering
By ALANNA DURKIN RICHER WASHINGTON (AP) — One year after the Jan. 6, 2021 , U.S. Capitol attack, Attorney General Merrick Garland said the Justice Department was committed to holding accountable all perpetrators “at any level” for “the assault on our democracy.” That bold declaration won’t apply to at least one person: Donald Trump. Special counsel Jack Smith’s move on Monday to abandon the federal election interference case against Trump means jurors will likely never decide whether the president-elect is criminally responsible for his attempts to cling to power after losing the 2020 campaign. The decision to walk away from the election charges and the separate classified documents case against Trump marks an abrupt end of the Justice Department’s unprecedented legal effort that once threatened his liberty but appears only to have galvanized his supporters. The abandonment of the cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats he was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump’s political advantage, putting the final word in the hands of voters instead of jurors. “We always knew that the rich and powerful had an advantage, but I don’t think we would have ever believed that somebody could walk away from everything,” said Stephen Saltzburg, a George Washington University law professor and former Justice Department official. “If there ever was a Teflon defendant, that’s Donald Trump.” While prosecutors left the door open to the possibility that federal charges could be re-filed against Trump after he leaves office, that seems unlikely. Meanwhile, Trump’s presidential victory has thrown into question the future of the two state criminal cases against him in New York and Georgia. Trump was supposed to be sentenced on Tuesday after his conviction on 34 felony counts in his New York hush money case , but it’s possible the sentencing could be delayed until after Trump leaves office, and the defense is pushing to dismiss the case altogether. Smith’s team stressed that their decision to abandon the federal cases was not a reflection of the merit of the charges, but an acknowledgement that they could not move forward under longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. Trump’s presidential victory set “at odds two fundamental and compelling national interests: On the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law,” prosecutors wrote in court papers. The move just weeks after Trump’s victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Trump accused prosecutors of bringing the charges in a bid to keep him out of the White House, and he promised revenge on his perceived enemies if he won a second term. “If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison,” Vice President-elect JD Vance, wrote in a social media post on Monday. “These prosecutions were always political. Now it’s time to ensure what happened to President Trump never happens in this country again.” After the Jan. 6 attack by Trump supporters that left more than 100 police officers injured, Republican leader Mitch McConnell and several other Republicans who voted to acquit Trump during his Senate impeachment trial said it was up to the justice system to hold Trump accountable. The Jan. 6 case brought last year in Washington alleged an increasingly desperate criminal conspiracy to subvert the will of voters after Trump’s 2020 loss, accusing Trump of using the angry mob of supporters that attacked the Capitol as “a tool” in his campaign to pressure then-Vice President Mike Pence and obstruct the certification of Democrat Joe Biden’s victory. Hundreds of Jan. 6 rioters — many of whom have said they felt called to Washington by Trump — have pleaded guilty or been convicted by juries of federal charges at the same courthouse where Trump was supposed to stand trial last year. As the trial date neared, officials at the courthouse that sits within view of the Capitol were busy making plans for the crush of reporters expected to cover the historic case. But Trump’s argument that he enjoyed absolute immunity from prosecution quickly tied up the case in appeals all the way up to the Supreme Court. The high court ruled in July that former presidents have broad immunity from prosecution , and sent the case back to the trial court to decide which allegations could move forward. But the case was dismissed before the trial court could get a chance to do so. Related Articles National Politics | After delay, Trump signs agreement with Biden White House to begin formal transition handoff National Politics | Rudy Giuliani in a courtroom outburst accuses judge in assets case of being unfair, drawing a rebuke National Politics | Surveillance tech advances by Biden could aid in Trump’s promised crackdown on immigration National Politics | Expecting challenges, blue states vow to create ‘firewall’ of abortion protections National Politics | Washington power has shifted. Here’s how the ACA may shift, too The other indictment brought in Florida accused Trump of improperly storing at his Mar-a-Lago estate sensitive documents on nuclear capabilities, enlisting aides and lawyers to help him hide records demanded by investigators and cavalierly showing off a Pentagon “plan of attack” and classified map. But U.S. District Judge Aileen Cannon dismissed the case in July on grounds that Smith was illegally appointed . Smith appealed to the Atlanta-based 11th U.S. Circuit Court of Appeals, but abandoned that appeal on Monday. Smith’s team said it would continue its fight in the appeals court to revive charges against Trump’s two co-defendants because “no principle of temporary immunity applies to them.” In New York, jurors spent weeks last spring hearing evidence in a state case alleging a Trump scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. New York prosecutors recently expressed openness to delaying sentencing until after Trump’s second term, while Trump’s lawyers are fighting to have the conviction dismissed altogether. In Georgia, a trial while Trump is in office seems unlikely in a state case charging him and more than a dozen others with conspiring to overturn his 2020 election loss in the state. The case has been on hold since an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Associated Press reporter Lisa Mascaro in Washington contributed.Goldman strategists outline five reflation, tariff hedges for 2025Aftermath Silver Ltd. ( OTCMKTS:AAGFF – Get Free Report ) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 853,000 shares, an increase of 30.6% from the November 30th total of 653,200 shares. Based on an average daily volume of 489,000 shares, the days-to-cover ratio is currently 1.7 days. Aftermath Silver Stock Performance Aftermath Silver stock opened at $0.29 on Friday. Aftermath Silver has a 52-week low of $0.12 and a 52-week high of $0.50. The stock’s 50 day moving average price is $0.35 and its two-hundred day moving average price is $0.30. About Aftermath Silver ( Get Free Report ) Read More Receive News & Ratings for Aftermath Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aftermath Silver and related companies with MarketBeat.com's FREE daily email newsletter .
What both sides are saying about ceasefire deal between Israel and HezbollahWhy Super Micro Computer Stock Is Soaring Today
The semiconductor sector has had an electrifying run in recent years, but 2024 proved to be more selective. While some chipmakers soared to triple-digit gains, others struggled to stay afloat. As traders look forward to2025, a fresh question emerges: Should you chase the winners, pick the laggards, or focus on undervalued opportunities with high analyst backing? The iShares Semiconductor ETF SOXX delivered a 15.2% year-to-date gain as of Dec. 23, cooling off after a massive 65% surge in 2023. Within the group, performance varied wildly: Top Performers : Nvidia Corp. NVDA rose 180%, while Broadcom Inc. AVGO gained 109%. Biggest Laggards : Intel Corp. INTC sank 60%, Microchip Technology Inc. MCHP fell 36%, and ON Semiconductor Corp. ON dropped 20%. The key takeaway? The semiconductor market is far from homogenous, with companies diverging sharply based on their ability to capitalize on emerging trends like AI. 5 Chip Stocks Analysts Are Betting On for 2025 Rather than chasing laggards or jumping on already overheated names, traders might want to focus on undervalued semiconductor stocks that align with analysts' bullish forecasts. Here are five potential winners for 2025: Median Price Target (upside vs. current market price) : 32.02% 2024 YTD Performance: +3.29% 2023 Total Return: 67.97% Market Cap: $136.21 billion P/E Ratio (Next 12 Months): 17.7x Median Price Target (upside vs. current market price): 33.08% 2024 YTD Performance: -2.20% 2023 Total Return: 79.78% Market Cap: $30.09 billion P/E Ratio (Next 12 Months): 38.6x Median Price Target (upside vs. current market price): 43.12% 2024 YTD Performance: +4.80% 2023 Total Return: 71.93% Market Cap: $99.64 billion P/E Ratio (Next 12 Months): 11.4x Median Price Target (upside vs. current market price): 45.83% 2024 YTD Performance: -15.34% 2023 Total Return: 127.59% Market Cap: $202.53 billion P/E Ratio (Next 12 Months): 27.7x Median Price Target (upside vs. current market price): 49.26% 2024 YTD Performance: -36.11% 2023 Total Return: 30.90% Market Cap: $30.94 billion P/E Ratio (Next 12 Months): 34.9x Now Read: AMD and Micron Are Top Analyst Picks for AI and Next-Gen Tech Growth Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
House Ethics Committee accuses Gaetz of paying for sex, including with 17-year-old girlAs the fifth anniversary of the IMO 2020 Sulphur Cap approaches, fuel compatibility and viscosity problems continue to result in marine engine component damage and high cat fines. “We expected fuel incompatibility problems and high levels of cat fines to diminish with the introduction of the IMO 2020 Sulphur Cap [MARPOL Annex VI] in January 2020. But despite new fuels and advanced engine technologies, problems persist. Cat fines remain a major problem for marine engine operators,” said Matthias Winkler, Managing Director of CM Technologies (CMT). Catalytic fines are the byproduct of catalysts used in the fuel refining process. It is the accumulation of these very hard, abrasive aluminium and silicon particles that can severely damage cylinder liners, fuel injection valves, piston crowns and rings, potentially damaging the engine beyond repair. Winkler said cat fines levels are exceeding ISO8217:2017 specifications in fuel being bunkered in some areas, including the ARA region. But more common is that accumulated cat fines in tank sediments are being dispersed back into the tank and engine during operations, particularly in rough seas. Cat fines in fuel samples following treatment in a purifier/separator Images taken using a digital microscope in parts per million. With higher viscosity IFO 380cst or IFO 180cst fuels, cat fines tend to be suspended in the denser liquid and are removed more easily by fuel separators. Low sulphur fuels have an average viscosity of 105cst, though it can be as low as 10cst. And this is resulting in cat fines sinking to the settling tank, where they can often undetected. “Engine builders recommend no more than 10ppm of cat fines in the fuel before it enters the engine, in reality, it is about 30ppm but sediment levels are much higher,” Winkler said. the fuel pump Images taken using a digital microscope in parts per million. While some ship operators are opting for additives that can improve Total Sediment Potential (TSP), sediment tests have shown samples significantly exceeding the maximum cat fines limit of 0.10%. Historically, more frequent use of fuel separators was the best way of removing cat fines from HFO before the fuel enters the engine, but with LSF “cat fines content before the fuel oil separators and consequently before entering the engine is usually unknown,” said Winkler. CMT also found that, since January 2020, more paraffinic blends are being used but there is incompatibility between an aromatic and a paraffinic fuel, which can lead to fuel degradation and instability. CMT’s new Cat Fines Test Kit David Fuhlbrügge, CMT’s Operations Manager, furthered: “Mixing two types of fuels increases the risk of incompatibility, particularly when mixing heavy fuel and low sulphur distillate fuels. This can result in clogged fuel filters, separators and fuel injection pumps, all of which can lead to loss of power or even shut down of the propulsion plant, putting the ship at risk. CMT is also seeing increasing levels of asphaltene, another consequence of fuel blending, and which also results in increased sediment formation. And although the rate of sediment formation is not easily predicted (it changes with conditions such as temperature and storage time) it is resulting in an increase in fuel system blockages. Aside from the manual removal of sludge from tanks, which is both time-consuming and costly, CMT advocates more frequent monitoring of the fuel for compatibility. “Our Electronic Compatibility Tester can save operators from the costly consequences of having an incompatible fuel mix in the tank,” said Fuhlbrügge. CMT’s new Cat Fines Test Kit Measuring the actual accumulated concentration of cat fines meanwhile has until now been largely impossible. In a significant development for LSF users, CMT has introduced a test kit that allows crews to quickly and easily determine the cat fines content of fuel during and after bunkering, and before injection. The CMT Cat Fines II Test Kit not only helps protect the engine and its component parts against excessive wear, but it also helps verify the efficiency of the fuel treatment plant – separators, fuel filters and settling tanks. Winkler said: “Engines running on low sulphur fuels are at an elevated risk of damage, but we can now measure cat fines and verify the quality, grade and compatibility of the fuel delivered, detecting potential fuel and engine problems before they happen.” Source: CMT
The list of President-elect Donald Trump's legal cases is shrinking — or being delayed. On Monday, Special Counsel Jack Smith filed a motion to dismiss the Washington, D.C. election subversion case. He also asked a federal appeals court to stop reviewing the classified documents case in Florida. On Tuesday, that court granted dismissal of the case against Trump — though not against other appellees. In dismissing the cases, the Special Counsel cited the Department of Justice's long-standing policy of not prosecuting sitting presidents. "After careful consideration, the Department has determined that OLC's prior opinions concerning the Constitution's prohibition on federal indictment and prosecution of a sitting President apply to this situation and that as a result this prosecution must be dismissed before the defendant is inaugurated," Smith wrote in his court filing regarding the election subversion case. "We've used the word unprecedented a lot over the course of the last four years, and yet again this is something that is unprecedented, and Smith himself said this in his motion," former state and federal prosecutor David S. Weinstein told Scripps News. "He took great detail to point out that this was not based on the strength or weakness of the case." In a post on Truth Social , Trump said in part "These cases, like all of the other cases I have been forced to go through, are empty and lawless." RELATED STORY | Special counsel evaluating how to wind down federal cases against Trump Earlier this year, Trump faced four on-going criminal cases. He was convicted in his New York hush money case in May, but sentencing — which was scheduled for this week — has been delayed . After Smith's actions Monday, Trump now faces only the Georgia election interference case. In Georgia, Trump was indicted along with 18 allies, accused of trying to overturn the 2020 election results in the state. But that case is now on hold after the state appeals court unexpectedly removed a December hearing from its calendar. That court will issue a new order on how this case will move forward, but with less than two months before the inauguration, the future of the Georgia and New York hush money cases are still being decided. "The two state cases are likely to recede into the background — at best," former Department of Justice attorney and current partner at Gelber, Schachter & Greenberg, Barbara Llanes, told Scripps News. "We probably won't hear much about these cases following the inauguration of President-elect Trump." Defense attorneys for Trump believe his election victory is enough for the hush money case to be dismissed. They need to file a motion by Dec. 2 making that argument. Then prosecutors have until Dec. 9 to file a rebuttal. They still believe Trump should be sentenced — even if it's after he leaves office. Judge Juan Merchan will then make a decision on how this case should move forward. There's no set date on exactly when he will make that decision.
Instabase Appoints Marketing Veteran Junie Dinda as Chief Marketing OfficerNone
CSR initiative eases students’ burden