Overhauls of 'heritage brands' raise the question: How important are our products to our identities?
Global Master Data Management PDS Software Market Size, Share and Forecast By Key Players-Pimcore, Riversand, Oracle, Talend, SAP 12-24-2024 05:58 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Market Research Intellect Master Data Management PDS Software Market USA, New Jersey- According to the Market Research Intellect, the global Master Data Management PDS Software market is projected to grow at a robust compound annual growth rate (CAGR) of 11.69% from 2024 to 2031. Starting with a valuation of 10.92 Billion in 2024, the market is expected to reach approximately 21.2 Billion by 2031, driven by factors such as Master Data Management PDS Software and Master Data Management PDS Software. This significant growth underscores the expanding demand for Master Data Management PDS Software across various sectors. The Master Data Management (MDM) Product Data Software (PDS) market is witnessing substantial growth, driven by the increasing need for businesses to ensure data accuracy, consistency, and accessibility across various departments. As organizations accumulate vast amounts of data from multiple sources, managing product data effectively becomes crucial for decision-making, compliance, and customer satisfaction. MDM PDS software helps businesses maintain a single, reliable version of product information, thereby streamlining operations and enhancing data governance. The growing adoption of cloud technologies, artificial intelligence, and machine learning is further fueling market expansion by improving data integration and real-time processing capabilities. Additionally, industries such as retail, manufacturing, and healthcare, where product data plays a critical role, are embracing MDM solutions to enhance efficiency. As the need for seamless data across digital platforms intensifies, the MDM PDS software market is expected to continue its upward trajectory. The dynamics of the Master Data Management (MDM) Product Data Software (PDS) market are influenced by several factors. The increasing complexity of data across organizations, combined with the demand for accurate and consistent product information, is driving the need for MDM solutions. The rise of cloud-based deployments and AI-powered tools is enhancing the software's ability to handle large datasets, improve data quality, and enable real-time decision-making. However, challenges such as data security concerns, integration with legacy systems, and high implementation costs may slow down market adoption, particularly for small and medium-sized businesses. Additionally, industry-specific regulations and the evolving need for data governance continue to shape the market. Companies are focusing on developing user-friendly solutions that allow for greater customization and scalability to meet the diverse needs of different sectors, driving the ongoing evolution of MDM PDS software. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.marketresearchintellect.com/download-sample/?rid=2503490&utm_source=OpenPr&utm_medium=047 Key Drivers: The growth of the Master Data Management PDS Software market is driven by several key factors. Technological advancements in Master Data Management PDS Software have enabled greater efficiency and enhanced capabilities, spurring adoption across industries. Additionally, the rising demand for sustainable and eco-friendly solutions is pushing companies to innovate and adopt greener practices. Expanding applications in sectors like Master Data Management PDS Software and Master Data Management PDS Software are further contributing to market demand, as these industries seek advanced solutions to streamline operations and enhance product quality. Favorable government policies and incentives in regions such as North America, Europe, and Asia-Pacific support investment and growth. Moreover, an increasing focus on Master Data Management PDS Software for improving operational efficiency and cost-effectiveness is encouraging businesses to embrace new technologies, fostering sustained market expansion. Mergers and Acquisitions Mergers and acquisitions (M&A) play a pivotal role in the Master Data Management PDS Software market, as companies look to expand their capabilities, access new technologies, and strengthen market presence. Leading players engage in strategic acquisitions to consolidate their position and gain a competitive edge. These transactions often facilitate the integration of advanced Master Data Management PDS Software solutions, helping firms broaden their product portfolios and meet growing customer demands. Additionally, M&A activities support companies in achieving economies of scale and penetrating new regional markets, particularly in high-growth areas like Asia-Pacific. Through such strategic alliances, businesses aim to accelerate innovation, enhance operational efficiency, and address evolving market challenges, ultimately driving the overall growth of the Master Data Management PDS Software market. Get a Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=2503490&utm_source=OpenPr&utm_medium=047 The following Key Segments Are Covered in Our Report By Type Cloud-Based On-Premises By Application Large Enterprises (1000+Users) Medium-Sized Enterprise (499-1000 Users) Small Enterprises (1-499Users) Major companies in Master Data Management PDS Software Market are: Pimcore, Riversand, Oracle, Talend, SAP, Akeneo, EnterWorks, Informatica, Agility Multichannel, Sigma Systems, Stibo Systems, TIBCO Software, IBM Global Master Data Management PDS Software Market -Regional Analysis North America: North America is expected to hold a significant share of the Master Data Management PDS Software market due to advanced technological infrastructure and the presence of major market players. High demand across sectors like Master Data Management PDS Software and Master Data Management PDS Software is driving growth, with the U.S. being a key contributor. Additionally, ongoing investments in R&D and innovation reinforce the region's strong market position. Europe: Europe is projected to experience steady growth, driven by stringent regulatory standards and a rising focus on sustainability in Master Data Management PDS Software practices. Countries like Germany, France, and the UK are leading due to their advanced industrial base and supportive government policies. The demand for eco-friendly and efficient Master Data Management PDS Software solutions is expected to continue fostering market expansion. Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region, fueled by rapid industrialization and urbanization. Countries such as China, India, and Japan are driving demand due to expanding consumer bases and increasing investments in infrastructure. The region's robust manufacturing sector and favorable economic policies further enhance growth opportunities in the Master Data Management PDS Software market. Latin America: Latin America and the Middle East & Africa are expected to show moderate growth in the Master Data Management PDS Software market. In Latin America, growth is supported by rising industrial activities in countries like Brazil and Mexico. Meanwhile, in the Middle East & Africa, infrastructure development and an increasing focus on innovation in sectors like Master Data Management PDS Software are key drivers of market expansion. Middle East and Africa: The Middle East and Africa represent emerging markets in the global Master Data Management PDS Software market, with countries like UAE, Saudi Arabia, South Africa, and Nigeria showing promising growth potential. Economic diversification efforts, urbanization, and a young population are driving demand for Master Data Management PDS Software products and services in the region. Frequently Asked Questions (FAQ) 1. What is the current size of the Master Data Management PDS Software market? Answer: The Master Data Management PDS Software market was valued at approximately 10.92 Billion in 2024, with projections suggesting it will reach 21.2 Billion by 2031, growing at a CAGR of 11.69%. 2. What factors are driving the growth of the Master Data Management PDS Software market? Answer: The market's expansion is attributed to several factors, including increased demand for Master Data Management PDS Software, advancements in Master Data Management PDS Software technology, and the adoption of Master Data Management PDS Software across various sectors. 3. Which regions are expected to dominate the Master Data Management PDS Software market? Answer: Regions such as North America, Europe, and Asia-Pacific are anticipated to lead due to the presence of major industry players and growing investments in Master Data Management PDS Software. 4. Who are the key players in the Master Data Management PDS Software market? Answer: Prominent companies in the Master Data Management PDS Software market include Master Data Management PDS Software, Master Data Management PDS Software, and Master Data Management PDS Software, each contributing to market growth through innovations and strategic partnerships. 5. What challenges does the Master Data Management PDS Software market face? Answer: The market faces challenges such as Master Data Management PDS Software, regulatory compliance, and competition from alternative solutions. However, ongoing advancements aim to address these issues. 6. What are the future trends in the Master Data Management PDS Software market? Emerging trends include the integration of Master Data Management PDS Software technology, sustainability practices, and digital transformation in processes, all expected to shape the market's future. 7. How can businesses benefit from the Master Data Management PDS Software market? Answer: Businesses can leverage growth opportunities in the Master Data Management PDS Software market by adopting new solutions, enhancing operational efficiency, and expanding their offerings to meet evolving consumer demands. 8. Why invest in a Master Data Management PDS Software market report from MRI? Answer: MRI's report provides in-depth analysis, future projections, and key insights to support strategic decision-making, enabling businesses to stay competitive and capitalize on growth trends in the Master Data Management PDS Software market. For More Information or Query, Visit @ https://www.marketresearchintellect.com/product/global-master-data-management-pds-software-market-size-and-forecast/?utm_source=OpenPr&utm_medium=047 About Us: Market Research Intellect Market Research Intellect is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research. Our research spans a multitude of industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages, etc. Having serviced many Fortune 2000 organizations, we bring a rich and reliable experience that covers all kinds of research needs. For inquiries, Contact Us at: Mr. Edwyne Fernandes Market Research Intellect APAC: +61 485 860 968 EU: +44 788 886 6344 US: +1 743 222 5439 This release was published on openPR.Transcript Erin Browne, Portfolio Manager, Asset Allocation: As inflation and growth appear to be moderating over the cyclical horizon, the traditional negative relationship between stocks and bonds has re-emerged, which is highly supportive of multi-asset portfolios today. Equities and bonds serve as a complement to each other, and we believe both asset classes to benefit in our baseline economic outlook for a soft landing amid continued central bank rate cuts. The return of the inverse relationship between equities and bonds enables better diversification across asset classes and allows us to position multi-asset portfolios to target attractive returns while limiting risk. Investors are also considering the potential impact of U.S. policy under the second Trump administration. We expect bond yields to remain attractive amid this leadership transition, and within equities, we favor U.S. companies that don't rely as heavily on imports, as well as those likely to be buoyed by deregulation and more favorable tax policies. Emmanuel S. Sharef, Portfolio Manager, Asset Allocation: Currently, we are focused on the benefits of having both stocks and bonds in PIMCO's multi-asset portfolios. And this is important because during past rate-cutting cycles in soft landings, we've actually seen good performance from both asset classes. Now, if we look through factor and sector lenses, there are several takeaways from history: after the first rate cut, growth stocks usually do better than value stocks, large companies tend to outperform smaller ones, and stocks with good dividend yields and quality characteristics often see positive returns within six months. Sectors like technology, healthcare, and consumer staples generally outperform, while energy, communications, and financials lag. Regionally, we maintain a preference for the United States. US stocks have a solid track record of delivering positive returns during soft landings, and we're also expecting the market to broaden beyond just the Magnificent 7.
FORT LAUDERDALE, Fla. (AP) — A boat explosion at a South Florida marina has left one person dead and five others injured, officials said. The explosion occurred Monday night at the Lauderdale Marina, Fort Lauderdale Fire Rescue said in a social media post. Rescue workers transported five people to local hospitals, three with traumatic injuries, officials said. A sixth person was found dead in the water several hours later by the Broward Sheriff's Office. Fire rescue officials said they didn't immediately know what caused the explosion.RFK Jr shares bizarre shirtless workout video claiming he’s ‘practicing moves for my confirmation hearing’As part of a national “moonshot” to cure blindness, researchers at the CU Anschutz Medical Campus will receive as much as $46 million in federal funding over the next five years to pursue a first-of-its-kind full eye transplantation. “This is no easy undertaking, but I believe we can achieve this together,” said Dr. Kia Washington, the lead researcher for the University of Colorado-led team, during a press conference Monday. “And in fact I’ve never been more hopeful that a cure for blindness is within reach.” The CU team was one of four in the United States that received funding awards from the federal Advanced Research Projects Agency for Health , or ARPA-H. The CU-based group will focus on achieving the first-ever vision-restoring eye transplant by using “novel stem cell and bioelectronic technologies,” according to a news release announcing the funding. The work will be interdisciplinary, Washington and others said, and will link together researchers at institutions across the country. The four teams that received the funding will work alongside each other on distinct approaches, though officials said the teams would likely collaborate and eventually may merge depending on which research avenues show the most promise toward achieving the ultimate goal of transplanting an eye and curing blindness. Dr. Calvin Roberts, who will oversee the broader project for ARPA-H, said the agency wanted to take multiple “shots on goal” to ensure progress. “In the broader picture, achieving this would be probably the most monumental task in medicine within the last several decades,” said Dr. Daniel Pelaez of the University of Miami’s Bascom Palmer Eye Institute, which also received ARPA-H funding. Pelaez is the lead investigator for that team, which has pursued new procedures to successfully remove and preserve eyes from donors, amid other research. He told The Denver Post that only four organ systems have not been successfully transplanted: the inner ear, the brain, the spinal cord and the eye. All four are part of the central nervous system, which does not repair itself when damaged. If researchers can successfully transplant the human eye and restore vision to the patient, it might help unlock deeper discoveries about repairing damage to the brain and spine, Pelaez said, as well as addressing hearing loss. To succeed, researchers must successfully remove and preserve eyes from donors and then successfully connect and repair the optical nerve, which takes information from the eye and tells the brain what the eye sees. A team at New York University performed a full eye transplant on a human patient in November 2023, though the procedure — while a “remarkable achievement,” Pelaez said — did not restore the patient’s vision. It was also part of a partial face transplant; other approaches pursued via the ARPA-H funding will involve eye-specific transplants. Washington, the lead CU researcher, said she and her colleagues have already completed the eye transplant procedure — albeit without vision restoration — in rats. The CU team will next work on large animals to advance “optic nerve regenerative strategies,” the school said, as well as to study immunosuppression, which is critical to ensuring that patients’ immune systems don’t reject a donated organ. The goal is to eventually advance to human trials. Pelaez and his colleagues have completed their eye-removal procedure in cadavers, he said, and they’ve also studied regeneration in several animals that are capable of regenerating parts of their eyes, like salamanders or zebra fish. His team’s funding will focus in part on a life-support machine for the eye to keep it healthy and viable during the removal process. InGel Therapeutics, a Massachusetts-based Harvard spinoff and the lead of a third team, will pursue research on 3-D printed technology and “micro-tunneled scaffolds” that carry certain types of stem cells as part of a focus on optical nerve regeneration and repair, ARPA-H said. ARPH-A, created two years ago, will oversee the teams’ work. Researchers at 52 institutions nationwide will also contribute to the teams. The CU-led group will include researchers from the University of Southern California, the University of Wisconsin, Indiana University and Johns Hopkins University, as well as from the National Eye Institute . The teams will simultaneously compete and collaborate: Pelaez said his team has communicated with researchers at CU and at Stanford, another award recipient, about their eye-removal research. Related Articles The total funding available for the teams is $125 million, ARPA-H officials said Monday, and it will be distributed in phases, in part dependent on teams’ success. U.S. Rep. Diana DeGette, a Democrat who represents Denver in Congress, acknowledged the recent election results at the press conference Monday and pledged to continue fighting to preserve ARPA-H’s funding under President-elect Donald Trump’s administration. The effort to cure blindness, Washington joked, was “biblical” in its enormity — a reference to the Bible story in which Jesus cures a blind man. She and others also likened it to a moonshot, meaning the effort to successfully put Neil Armstrong and Buzz Aldrin on the moon nearly 50 years ago. If curing blindness is similar to landing on the moon, then the space shuttle has already left the launchpad, Washington said. “We have launched,” she said, “and we are on our trajectory.” Sign up for our weekly newsletter to get health news sent straight to your inbox.
This week marks Part 2 of the “Glicked” phenomenon at Take 2 Blog. In a change from the blog’s usual format, Rebecca and Joe will each review a different movie. Last week, Rebecca reviewed “Wicked” and Joe reviewed “Gladiator II.” This week, Rebecca takes on “Gladiator II” and Joe will conjure a “Wicked” review. 2000’s “Gladiator” was a cinematic triumph, a glorious return to the sword-and-sandal epics of classic Hollywood. Ridley Scott’s masterpiece won five Academy Awards, including best picture and best actor for Russell Crowe, and ushered in a wave of films and TV shows set in the period. The film has a special place in my heart because it was the first one I saw at Cinemark, right after the sprawling cineplex opened in Moosic. It marked the first of hundreds of films I’ve seen at the cinema in the years since. I was indeed entertained by “Gladiator” 24 years ago. But was I just as entertained by its sequel? That’s a more complicated question. “Gladiator II” is an unexpected sequel — and an unnecessary one at that. Denzel Washington’s dazzling performance and some tremendous action sequences make the sequel worth watching. But “Gladiator II” doesn’t reach the heights of its magnificent predecessor. It’s a just-OK return to the Colosseum that could have been better — and more entertaining. The follow-up takes place 16 years after the original. In the years after the death of rebellious warrior Maximus (Crowe) in the ring, Rome remains largely unchanged, neglecting its citizens. A new gladiator for the people emerges in Lucius (Paul Mescal), who is captured after the death of his wife. Seeking revenge, Lucius becomes entangled in the political machinations of his ambitious owner Macrinus (Washington), conflicted Roman general Acacius (Pedro Pascal) and indulgent twin emperors Geta (Joseph Quinn) and Caracalla (Fred Hechinger). In its return to Rome, “Gladiator II” is content to follow the beats of the original. Lucius’ motivations for revenge are very similar to those of Maximus, and he takes out those frustrations in the ring. Even the film’s setup echoes the first one’s premise, with little progress made in Rome. The sequel is two hours and 28 minutes long, led by a slow first half. When Washington is offscreen and there’s breaks in the action, the film can be pretty dull. But when the film reaches the halfway point, it picks up tremendously. That’s when “Gladiator II” comes alive, forging its own path. The always excellent Washington can be counted on to entertain. The Academy Award-winning actor delivers a deliciously over-the-top performance as the villainous Macrinus. As an owner of gladiators, Macrinus is cunning, manipulative and flamboyant as he plots his way to power. He looks at everyone around him as a steppingstone. The character is a one-man “Game of Thrones,” and Washington relishes every scene. Macrinus is the most interesting character in the movie, and perhaps should have been the main character. With his standout supporting role, Washington may have put himself in the running for his third Academy Award. While Washington commands the screen, most characters in “Gladiator II” lack depth. Chief among them in Mescal’s Lucius, the titular gladiator. It’s not Mescal’s fault. This is the first film I’ve seen from the Oscar-nominated actor and he does everything required of him. It’s just that the film doesn’t require a lot beyond certain emotions. As Lucius, Mescal is mostly called upon to be a stoic figure, angry and vengeful, which he does well. The actor bulked up for the role and wields the physicality to battle his opponents in the Colosseum. He makes a believable fighter. But with sparse dialogue, the character is mostly a blank slate until the second half. In his young career, Mescal doesn’t have the presence yet that Russell Crowe had in the 2000 film. When we learn about his background, that’s when Lucius becomes more of a realized character as opposed to a fighting figure. Mescal does a great job of channeling the impressionable young child that moviegoers met in the first film. If Washington is the star of “Gladiator II,” then the second star is the spectacular action. Scott cements his status as a master of spectacle, with epic battles on land and in the ring. The sequel relies on a blend of practical effects and CGI. An impressive battle between armies kicks off the proceedings, stunning in scope and scale. A Colosseum was built especially for the film, allowing the brutal fights to the death to feel real. The structure is even flooded with water to simulate a naval battle. But the film uses more animals in the ring than the original, which takes away from the gritty realism. The mutated monkeys, rhinos and sharks prove more distracting than fearsome. The supporting cast of “Gladiator II” rises to the occasion, despite varying levels of depth. Connie Nielsen returns from the original as Lucilla, providing an emotional link to the first film. The actress taps into a range of emotions, from grief to the joy of reunion, as she gives the film its heart. The great Pascal portrays Acacius as a man of honor and duty who questions the corrupt system he serves. The character is intriguing. But the actor is underused, appearing far less in the film than expected. He and Mescal share little onscreen time together. But when they do, their scenes carry an emotional heft. As the twin emperors, Quinn and Hechinger dig in as the spoiled and lavish rulers. Quinn is the more stable of the two as Geta, while Hechinger is unhinged as the childlike Caracalla. The two can be frightening together, but they don’t reach the terrifying heights of Joaquin Phoenix’s power-hungry Commodus. There’s also no explanation of how these two became emperors. With so much talk about power, it’s odd that the film doesn’t explain how they came into theirs. Was I ultimately entertained by “Gladiator II”? The answer is ... sometimes. The historical epic is a good sequel, but it doesn’t match the greatness of the first one. Washington gives an Oscar-worthy performance that elevates the film. Scott’s craftsmanship is on full display during the massive battles and eye-popping special effects. But the sweeping sequel can be tedious to sit through, with characters that are too thinly sketched. The sequel doesn’t take away from the original’s legacy, but it doesn’t add a lot to it, either. In a head-to-head battle, “Gladiator II” falls to “Gladiator.” 3 out of 5 stars The exploration into characters who are pure evil has become more and more popular as the movie industry is desperate to cling to established properties. After all, the top 12 grossing films of 2024 are sequels. No. 13 (for now) is the prequel “Wicked: Part I.” Obviously, “Wicked” predated this more recent run of evil characters’ origin stories, including “Maleficent,” “Cruella” and “Joker” to name a few. Its origins date back to a 1995 novel and the musical production that premiered in 2003. However, I struggle to connect with these stories. Some characters can just be evil without spending at least one movie showing audiences why they were or misunderstood. I don’t need the origin story of Cruella De Vil, who tries to kidnap and murder dogs to make fur coats. I don’t need Disney to make up a reason for that character to be sympathetic. Despite my misgivings about these kinds of films, “Wicked: Part I” proved a great end to my family’s wonderful Thanksgiving. Cynthia Erivo (Elphaba, the future Wicked Witch of the West) produces another powerhouse performance. The two-time Oscar nominee (best actress and best original song for 2020’s “Harriet”) shines with a booming voice that culminates with the movie musical’s climatic song “Defying Gravity.” It wasn’t just the beautiful singing, but the emotions she expressed that gave the songs even more weight. Erivo proved just as impressive when she wasn’t singing. The emotions she displays with just her facial expressions and body language impress and help the audience quickly resonate with Elphaba. She also builds incredible chemistry with Peter Dinklage (who voices goat professor Dr. Dillamond), Jonathan Bailey (Fiyero) and, of course, Ariana Grande (Galinda, the future Glinda the Good Witch). Not that Grande should have been a revelation, but I didn’t know she had this type of role in her. I always thought Grande had catchy songs, and she’s obviously super talented, I just didn’t know she had the vocal range she displays in this movie. She hits ridiculous notes, and she too proves just as stellar with her acting. Grande constantly makes the audience laugh with her manipulation of others. Her delivery is so innocent, though, that it doesn’t turn the audience off to her. Deep down she shows Galinda has a heart. The chemistry between Erivo and Grande shines through the brightest in my favorite scene of the movie, which doesn’t involve singing. In fact, there’s really no sound at all. The dynamic duo shares a touching moment on the dance floor that made me buy into the whole movie. I also enjoyed a lot of the supporting cast. My favorite was the calming voice of Dinklage, who was perfect as a talking goat. To no surprise, Jeff Goldblum is the perfect casting as the quirky and conniving Wizard of Oz. Michelle Yeoh (Madame Morrible) once again produces a powerful presence. I’ve enjoyed director Jon M. Chu’s work, including 2018’s “Crazy Rich Asians” and 2021’s underrated “In the Heights.” “Wicked: Part I” is his best work yet. He gets the most out of his actors and every shot. The film also boasts crisp dance choreography, great special effects and vibrant colors to create a phenomenal theater experience. The movie also provides some fun cameos for fans of the Broadway musical. The opening title clearly states that the film is a Part I, but it did make me laugh when the film ended with a “To Be Continued” and an audience member shouted in disbelief. It’s a long movie at two hours and 40 minutes, which I believe is very close to the length of the musical itself. It does take a little bit for the movie to get moving, but quickly finds its stride and does not feel its length. Although it’s a Part I, it reaches a good conclusion and could stand on its own. I haven’t read the book or seen the musical, so I can’t speak to any of that, but I could tell you the movie in front of me was pretty phenomenal. “Wicked: Part I” proves a great film with powerhouse performances, led by Eviro and Grande. The film also looks beautiful with spectacular direction. The songs produce the perfect blend of fun and emotion with great talent singing them and excellent choreography in the dancing. I enjoyed “Gladiator II,” but “Wicked: Part I” is on another level and will be well-represented at the Academy Awards. And that’s saying a lot for a guy who doesn’t usually connect with prequels that explore the origin of evil characters. 4.5 out of 5 starsGovernment’s forecast of 6 percent economic growth for next year has undergone a stress test to assess its realism, taking into account various fiscal risks, including exchange controls and natural disasters, along with other macro-economic fundamentals. Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube said the 2025 National Budget sought to build resilience and the Government forecast a brighter future going into the New Year. Prof Ncube said this in Senate last week while responding to concerns raised by lawmakers during a debate on the 2025 National Budget that the Legislature has since passed. “Have we taken care of risks that might arise as we focus on such a brighter future for the country into next year? We have done a stress test of the Budget by considering various scenarios to say, suppose we have some macro-economic risks and maybe we are wrong in terms of our Gross Domestic Product forecast of 6 percent for whatever reason, suppose it turns out to be 2 percent lower and what will happen and we do those simulations. “We also look into how, for instance, exchange rate risks could impact the budget. We look into the impact of commodity risks and some other contingent liabilities that come out of nowhere but impact the fiscal position. We also consider the impact of natural disasters that are unforeseen and some public debt risk,” he said. Prof Ncube said the national budget also focussed on building resilience and not necessarily as a recurrent budget alone as what was suggested by some Senators. Earlier, some Senators had said the budget was skewed towards more recurrent expenditure as opposed to investment or capital expenditure thereby compromising its resilience. “Recurrent expenditure can have resilience characteristics. Resilience is quite broad. Our expenditure on the Pfumvudza/Intwasa Programme speaks to building resilience in our rural areas so as to cushion our rural farmers from the vagaries of climate. By the way, 60 percent of Pfumvudza/Intwasa farmers are women. So, you can see the impact of that Budget expenditure item on the gender equity issues, but also our overall social protection on the budget, whether it is Basic Education Assistant Module (BEAM) or whether it is looking at the grey mitigation programme, all those social protection programmes which are just simple recurrent expenditure programmes, our items speak to resilience,” he said. Both recurrent expenditure and investment can have resilience characteristics, said Prof Ncube. “The resilience characteristics from infrastructure will come from investment in irrigation. I think that is an obvious one or indeed, building dams, but with a view of evacuating the water onto the fields and eventually irrigation. So, all of that is a resilience which the budget is supporting,” he said. Prof Ncube said in terms of foreign currency receipts, he acknowledged the role played by the diaspora adding he expected them to send more money to Zimbabwe next year. He said the Treasury had also made initiations to stimulate domestic car production through the retention of duty on bus imports. “We believe now we have quite a lot of buses and we have re-introduced duty on commuter buses. We are supporting a programme of incentivising the import of knocked down kits which will then be assembled at facilities such as Willowvale, Deven Engineering or Quest among others. We are encouraging the use of greener cars in order to reduce pollution,” he said. Zanu PF Chief Whip, Cde Pupurai Togarepi expressed optimism that the Budget will cater for key Government operations necessary to achieve Vision 2030. “The vision aims to achieve an upper middle-income economy by 2030 and the Budget spoke to this vision by providing vital resources to productive sectors of the economy. “As you are aware, our productive sectors include agriculture, mining, industry and commerce and tourism. These sectors were adequately equipped to ensure they continue to contribute to economic growth which is projected to leapfrog by 6 percent by the end of 2025. “Other sectors such as transport and energy which provide essential infrastructure and power to facilitate industrial activities were also catered for and we expect the energy generation capacity to improve by midyear,” he said. Cde Togarepi noted that through the Finance Bill, the Budget tried to strike a balance between reducing the tax burden on companies while also ensuring that the Government had adequate funding to run its operations. “No country can prosper without its citizens paying taxes. MPs encouraged the Minister to widen the tax base. A culture of paying tax is key to economic development,” he said. Wallace Ruzvidzo, Herald Reporter As Zimbabwe celebrates Christmas and prepares for a new year, President Mnangagwa has called for responsible behaviour among the general citizenry. The President spread some holiday cheer by wishing Zimbabweans a merry Christmas and a prosperous New Year. In his Christmas and New Year message delivered at State House at the [...] Samuel Kadungure, Manicaland Bureau Zanu PF Central Committee member Cde Jenfan Muswere has clarified the party’s resolution making process saying decisions made at the recent Annual People’s Conference are binding because they were unanimously adopted. Cde Muswere said when the resolutions were read out to the conference delegates, none in the house opposed them. Among [...] By Daglous Masveta Some residents of St Mary’s Chitungwiza are facing the possibility of having a bleak Christmas due to a sewage problem that has persisted for months. For over three months, residents of 63, 64, 65, and 66 Nehanda Close, St Mary’s, just a stone’s throw from St Mary’s Police Station, have been grappling [...]We can't lose against Nigeria - Agyemang-Badu
Injured cornerback Riley Moss could return to Denver's lineup at Cincinnati
US President Joe Biden pardons son Hunter Biden
Cooper, Stein sue GOP legislative leaders over State Board of Elections appointment changesBiden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about an hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by vendor technology in its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. Stock market today: Wall Street rallies ahead of Christmas Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.
Sudan’s war is ‘deepening and widening’ a famine crisisA boat explosion at a South Florida marina kills 1 and injures 5 othersFOXBOROUGH, Mass. (AP) — The New England Patriots are focused on the future following their 25-24 loss to the Indianapolis Colts . The Patriots (3-10) were officially eliminated from playoff contention with the loss Sunday, meaning that this week’s bye in many ways will begin the process of the coaching staff and front office evaluating the roster for 2025. The good news is that this group has shown plenty of grit this season, playing seven games that were decided by one score. The bad news is that the Patriots are just 2-5 in those games. Though New England’s bye comes late in the season, coach Jerod Mayo said the timing is perfect for a team that is feeling the effects of its shortcomings . “A much-needed bye week, not only physically for the players but also mentally, just being able to hit the reset button and come back, put some good games together and continue to build for the future,” Mayo said. “That has to be our goal.” Tight end Austin Hooper said the seed that needs to be planted over the final four games is finding a way to limit the mistakes — namely penalties and trouble finishing drives — that have hampered the offense throughout the season. “We’ve got to execute at a higher level. We can’t beat a team before you stop hurting yourself,” Hooper said. “It’s not for lack of effort, just things that happen out there that get you scars in this league.” This was the most balanced performance by the offense this season, with 222 passing yards and a season-high 200 yards rushing. It shows progress under new coordinator Alex Van Pelt, which is something to build on over the final four games. Red zone efficiency. It continues to be the most glaring deficiency for the Patriots’ offense. They were 2 of 6 on Sunday and rank 30th in the NFL, scoring a touchdown only 44.7% (17 of 38) of the time inside the 20-yard line. TE Hunter Henry. He finished with seven catches for 75 yards, which is his seventh game this season with five or more receptions. He leads the team this season with 58 catches for 610 yards and continues to be a dependable option for quarterback Drake May as he navigates his rookie season. K Joey Slye. He made 3 of his 5 field-goal attempts, including a 54-yarder in the second quarter. Most of the conversation following the game was about his NFL record-long 68-yard attempt that came up short as time expired. But because of the 1-point loss, he was lamenting the 25-yard attempt he missed wide left just before halftime. “I take full responsibility for this,” Slye said. “Every point for this team matters with how we play complementary football with offense, defense and special teams. So, whenever I am out there, I have got to score points.” Henry left the game in the first quarter after a helmet-to-helmet hit. He was able to return in the second quarter and finished the game. 7 — Number of penalties called on the Patriots, costing them 88 yards. Five penalties (four accepted) were called on the offensive line. That included one for holding on Mike Onwenu that nullified a touchdown run by Rhamondre Stevenson in the first quarter and forced New England to settle for a field goal. The Patriots have a bye this week. They visit the Arizona Cardinals on Dec. 15. AP NFL coverage: https://apnews.com/hub/NFL
Starting in early 2023, two men are being investigated for working with Russian intelligence services to provide information of a sensitive nature, such as mapping video surveillance systems in the cities of Milan and Rome. Two Italian entrepreneurs aged 34 and 60 are accused of allegedly selling "sensitive" information to agents of the Russian Federation. The two are skilled technology professionals and are partners in the same company in Brianza. The public prosecutor, Alessandro Gobbis, with the deputy in charge of anti-terrorism, Eugenio Fusco, and the Milan prosecutor, Marcello Viola, concluded a preliminary investigation, conducted by the Milan Ros, in collaboration with the Cryptocurrency Section of the Carabinieri Antifalsification Monetary Command in Rome. The investigation, in which AISE, the Italian external intelligence agency, also collaborated, started in April 2024. It picked up pace before the summer when the military carried out searches in the homes of the suspects, seizing computer devices and documentation. The entrepreneurs are represented by lawyers Caterina Managò and Ferdinando Mambella. The crime they are accused of is "bribery of a citizen by a foreigner", as under Article 270, for the purposes of terrorism and subversion. It is reported that the two men acted out of "political sympathies" and ideological inclinations, and supported the Russian cause since the outbreak of the war in Ukraine. Their economic motive is, for the moment, reduced to single payments of a few thousand euro in cryptocurrencies. Conversations published by newspaper Il Fatto Quotidiano on Thursday showed excerpts of conversations between an Italian-Swiss citizen and his alleged Russian interlocutor, in which the alleged FSB agents handed down assignments. Among the "missions" to be carried out, were capturing images of streets and squares in cities as well as mapping barracks and military sites. This took place in Milan and Rome, but also in Aviano, known for its air base used by the United States. They were also asked to install dash cams on taxis to monitor the movements of subjects of interest. Starting in early 2023, the two also "collaborated with Russian intelligence services" to "provide information of a sensitive nature", such as "mapping the video surveillance systems of the cities of Milan and Rome, paying particular attention to 'grey zones'", meaning areas of the city not covered by cameras. They also installed dash cams on taxis, unbeknownst to the taxi drivers themselves. The affair of the two Italian entrepreneurs recruited from Russia is just one of the many that have followed the route from Moscow to Rome, Milan and Naples. Cases have included espionage, influencing of opinions and obtaining sensitive information stolen from the Italian state. In another case on Wednesday, the judges of the first section of the Court of Cassation handed down a final sentence of 29 years and 2 months for Navy Frigate Captain Walter Biot. The officer, who was arrested by police on 30 March 2021, was accused of having sold secret information to a Russian embassy official in exchange for money. He had initially been sentenced to 20 years by another court in January.