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2025-01-24
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12bet WASHINGTON (AP) — When President Joe Biden last week, one of the highlights was his pledge of hundreds of millions of dollars for an ambitious trans-Africa rail project that would bring copper and cobalt from central Africa to the Atlantic port of Lobito. The project is possible because of the commitment of a $553 million direct loan from the U.S. International Development Finance Corporation, created in 2019 during the first Trump administration to counter through infrastructure projects, such as the mega-port in Chancay, Peru, inaugurated just last month. On Monday, the U.S. agency celebrated its five-year milestone by vowing to advance U.S. foreign policy and strategic interests through projects around the world such as the one in Angola. It also seeks re-authorization from Congress and a greater ability to invest in more countries when there's a strategic need to compete with China. “We need to be good partners while offering an alternative based on our values," said Scott Nathan, the chief executive officer of the development agency, who was in Angola last week with the president. “Quite simply, we need to continue to show up.” Nathan is set to leave the post. President-elect Donald Trump is yet to name his pick to lead the agency. Over its first five years, the agency has developed a portfolio of more than $50 billion in 114 countries, including solar panel manufacturing in India, a power plant in Sierra Leone, and digital infrastructure in South America. To do that, the agency has leveraged government funding to partner with private investments. Last year, the agency committed to $12 billion in new transactions, using the roughly $800 million in appropriations, Nathan said. Investments by the agency are having a “transformational impact on economic development while concretely advancing U.S. strategic interests,” Nathan said. In Angola, for example, the rail project would help secure the supply chain by cutting both time and cost in transporting critical minerals. National security adviser Jake Sullivan said the agency was created when the U.S. was “ceding the field" to China in a new era of geopolitics. The U.S. needed a vision “calibrated to new geopolitical realities” and that matched ”the scope of the transformational challenges we faced.” It was in 2013 when Beijing launched the massive Belt and Road Initiative to gain markets and influence around the world by building roads, railways, power plants, transmission lines and ports, usually in less-developed regions. A recent report by the U.S. Government Accountability Office said China provided $679 billion for international infrastructure projects such as those in transportation and energy between 2013 and 2021, compared with the $76 billion the U.S. provided in the same period. Western politicians have criticized these Beijing-backed projects for creating debt traps, but Beijing argues that they have brought tangible and much-needed economic benefits to the host countries. In 2018, Congress passed a bipartisan bill that created the U.S. development agency, aimed at bringing private investments into low- and middle-income countries through tools such as equity investment, loan guarantee and political risk insurance. On Monday, Secretary of State Antony Blinken praised the agency for “reimagining how the U.S. does development” and said, through its work, the U.S. has “shown countries that they don't have to resort to projects that are poorly built, environmentally destructive, that import or abuse workers, that foster corruption or burden countries with unsustainable debt.” "We really are the partner of choice,” Blinken said. As challenges lie ahead, Blinken said the agency needs to do even more and in more countries than before.None

Ccc intelligent solutions' chief accounting officer sells $940k in stockOTTAWA — NDP Leader Jagmeet Singh says his party will not support a Liberal plan to give Canadians a GST holiday and $250 unless the government expands eligibility for the cheques, saying the rebate leaves out “the most vulnerable.” The Liberals announced a plan last week to cut the federal sales tax on a raft of items like toys and restaurant meals for two months, and to give $250 to more than 18.7 million Canadians in the spring. Speaking after a Canadian Labour Congress event in Ottawa, Singh says he’s open to passing the GST legislation, but the rebate needs to include seniors, students, people who are on disability benefits and those who were not able to work last year. Singh says he initially supported the idea because he thought the rebate cheques would go to anyone who earned under $150,000 last year. But the so-called working Canadians rebate will be sent to those who had an income, leaving out people Singh says need the help. The government intends to include the measures in the fall economic statement, which has not yet been introduced in the House of Commons. The proposed GST holiday would begin in mid-December, lasting for two months. It would remove the GST on prepared foods at grocery stores, some alcoholic drinks, children’s clothes and toys, Christmas trees, restaurant meals, books, video games and physical newspapers. A privilege debate has held up all government business in the House since late September, with the Conservatives pledging to continue a filibuster until the government hands over unredacted documents related to misspending at a green technology fund. The NDP said last week they had agreed to pause the privilege debate in order to pass the legislation to usher in the GST holiday. Singh said Tuesday that unless there are changes to the proposed legislation, he will not support pausing the debate. The Bloc Québécois is also pushing for the rebates to be sent to seniors and retirees. This report by The Canadian Press was first published Nov. 26, 2024. David Baxter, The Canadian Press



Older siblings everywhere could appreciate John Harbaugh's refusal to concede an inch against his younger brother Jim. Read this article for free: Already have an account? To continue reading, please subscribe: * Older siblings everywhere could appreciate John Harbaugh's refusal to concede an inch against his younger brother Jim. Read unlimited articles for free today: Already have an account? Older siblings everywhere could appreciate John Harbaugh’s refusal to concede an inch against his younger brother Jim. Even when his Baltimore Ravens faced fourth down at their 16-yard line in the second quarter, John wasn’t giving up the ball without a fight. The Ravens converted that fourth down and two others on their way to a 30-23 victory over the Los Angeles Chargers on Monday night, giving their coach a third victory in three matchups against his brother. It was the first time they’d faced off since Baltimore beat San Francisco — then coached by Jim Harbaugh — in the Super Bowl at the end of the 2012 season. “We grew up in the same room and have always lived our life side by side, but that’s not what the game is about,” John Harbaugh said. “The game really is about the players, and the players are always going to win the game or lose the game or whatever.” On this night, it was Baltimore’s players who shined. Specifically Derrick Henry, who rushed for 140 yards. Lamar Jackson threw a couple of touchdown passes, and the defense was solid, allowing touchdowns on the first and last Los Angeles drives but not much in between. “I’m proud of our guys,” John Harbaugh said. “I’m proud of the way they came out and responded after the first 10 points — we were down 10-0, and our guys stepped up.” After converting fourth-and-1 at their 16 late in the second quarter, the Ravens scored on a 40-yard pass from Jackson to Rashod Bateman, taking the lead for good at 14-10. Baltimore’s other two fourth-and-1 conversions came on a 14-play touchdown drive that spanned the end of the third quarter and start of the fourth. “We’re just confident that we’ll end up converting on those fourth downs, and we did a great job blocking,” said Henry, who converted the last two of the fourth downs. “All we had to do was make a play, and we did.” What’s working The Ravens got back to their identity a bit, rushing for 212 yards. And it wasn’t just Henry and Jackson contributing. Justice Hill broke free for a 51-yard touchdown that made it 30-16 in the fourth. “Nobody wants to stand in front of (Derrick Henry) every single play, every single run,” Hill said. “You can do it one time, two times, three times, but when you have to do it 20 to 25 times, it starts to wear down. I’m glad we stuck with the run game this game, and it played out for us.” What needs help There were still too many penalties, with the Ravens flagged nine times for 102 yards. Baltimore played a pretty clean game until the fourth quarter, so several of those flags came after the Ravens had the game reasonably under control, but this is still an area of concern. Stock up With star linebacker Roquan Smith out because of a hamstring injury, Malik Harrison led the Ravens with a dozen tackles. “It’s a lot of people that doubted me coming into this game, so I’m happy I was able to ball out and show them that I can be in this league, and I can play at a high level,” Harrison said. Stock down There was a time when Isaiah Likely seemed as if he might be supplanting Mark Andrews as Baltimore’s top tight end threat, but Likely went without a catch Monday. He did, however, recover the onside kick that effectively ended the game. Injuries Although Smith was out, DT Travis Jones (ankle) and C Tyler Linderbaum (back) were able to start. Key number Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Jackson has now thrown 22 touchdown passes with no interceptions on Monday nights, with a passer rating of 124.3. Next steps The Ravens have one more game before their open date, and it’s a showdown this weekend against a Philadelphia team that has won seven in a row. Saquon Barkley (1,392) of the Eagles and Henry (1,325) have both surpassed 1,300 yards rushing already. Nobody else in the NFL has more than 1,000. ___ AP NFL: https://apnews.com/hub/nfl Advertisement Advertisement

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Trump isn't back in office but he's already pushing his agenda and negotiating with world leadersNoonan: ‘We Are Back to the Island of Misfit Toys’VIDEO: Indian Railways Imposes ₹1 Lakh Fine On Catering Service For Overcharging Passengers For Water Bottle; Know How To Register Complain

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