Bishop’s three knocks signify reopening of Notre Dame five years after blazeHyderabad: The Gachibowli police, on Saturday, December 7, registered a case against Bharat Rashtra Samithi (BRS) MLA P Kaushik Reddy on charges of allegedly threatening police officials. This is the second case booked against the BRS leader with the first registered by the Banjara police for threatening and abusing a station house officer (SHO). The police officer alleged that MLA from Huzurabad threatened him and tried to obstruct the officer from performing his duties. Reddy’s arrest was criticized by many BRS leaders including T Harish Rao. On December 5, amid high drama, Rao along with K Prabhakar Rao, Shambipur Raju and others were detained by the police when they tried to meet Reddy at his residence. They were released the same evening. Although Reddy was arrested from his residence, he was immediately granted bail by a city court the following day. The magistrate imposed a penalty of Rs 5,000 and asked the accused to arrange two sureties. Since sections invoked against the MLA provide for less than seven years of imprisonment, the court granted him bail The judge warned the Huzurabad MLA against repeating the offence. Kaushik Reddy was arrested from his residence in Hyderabad amid high drama on Thursday.
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Govt seeks time to give madrasa bill 'legal shape' amid JUI-F's Dec 8 deadline “We will not hand over any more madrassas to the government,” says Fazlur Rehman Amid rising tensions, Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman gave the incumbent government a deadline of December 8 to approve the seminary registration bill as the minister for religious affairs sought more time to give the it a legal shape. His remarks came as President Asif Ali Zardari, earlier this week, returned the Madrasa Registration Bill to the Prime Minister's Office, citing legal objections. Addressing an event at Madrasa Jamia Usmania in KP’s Nowshera, the JUI-F chief said that they wanted to remain within their limits and did not want confrontation with the state. Expressing his annoyance over differentiating between ancient and modern education, he said: “Knowledge is knowledge.” He said all the religious seminaries were kept “under pressure”. So-called reforms were being imposed on madrasa in the name of bringing the seminaries into the mainstream. “You declared war on us, we did not.” Responding to a question, the JUI-F leader said that the government was pushing the seminaries towards extremism and radicalism. He said that they would not consider objections regarding madrassas in any way. “We will not hand over any more madrassas to the government,” the JUI-F leader added. In a statement today, Minister for Religious Affairs and Interfaith Harmony Chaudhry Salik Hussain said that registration of seminaries was a long-standing requirement. “It will take some time to give the Madrasa Registration Bill a legal shape,” the minister said, adding that it does not mean that the entire process of madrasa registration is being rolled back. Accepting the Maulana’s demand, the government got approved the bill from both houses of the parliament, he said. “Madrasa are also educational institutions that only fall under the education ministry.” The minister said: “18,000 Madrassas were registered with Directorate General of Religious Education.” There was a one-window operation at the directorate general to ease the registration process. AJK president seeks immediate withdrawal of contentious ordinance amid protests Asif suggests PTI to do parliamentary politics as civil disobedience 'doomed to fail' 'Attacks' on govt to continue until demands met: KP CM Gandapur Non-bailable arrest warrants issued for PTI leaders including CM Gandapur in GHQ attack case‘Wheel of Fortune’ Contestant Devastated by Botched $75k Bonus Round Despite Big Boost
Caprock Group LLC bought a new stake in shares of Sprott Inc. ( NYSE:SII – Free Report ) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,125 shares of the company’s stock, valued at approximately $309,000. A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Regal Partners Ltd bought a new position in shares of Sprott during the third quarter valued at approximately $2,875,000. Aigen Investment Management LP purchased a new stake in Sprott in the third quarter worth $308,000. Arcus Capital Partners LLC purchased a new stake in Sprott in the third quarter worth $214,000. CWA Asset Management Group LLC purchased a new stake in Sprott in the third quarter worth $9,843,000. Finally, Capital Performance Advisors LLP purchased a new stake in Sprott in the third quarter worth $32,000. Institutional investors own 28.30% of the company’s stock. Sprott Price Performance Shares of SII stock opened at $44.42 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 24.41 and a beta of 1.09. The business’s fifty day moving average is $44.15 and its 200 day moving average is $43.20. Sprott Inc. has a twelve month low of $31.00 and a twelve month high of $48.00. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.06. Sprott Increases Dividend About Sprott ( Free Report ) Sprott Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients. It offers mutual funds, hedge funds, and offshore funds, along with managed accounts. Recommended Stories Want to see what other hedge funds are holding SII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Inc. ( NYSE:SII – Free Report ). Receive News & Ratings for Sprott Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott and related companies with MarketBeat.com's FREE daily email newsletter .
LUQUE, Paraguay — Sake is perhaps more Japanese than the world-famous sushi. It's brewed in centuries-old mountaintop warehouses, savored in the country’s pub-like izakayas, poured during weddings and served slightly chilled for special toasts. The smooth rice wine that plays a crucial role in Japan's culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity." At a meeting in Luque, Paraguay, members of UNESCO’s committee for safeguarding humanity's cultural heritage voted to recognize 45 cultural practices and products around the world, including Brazilian white cheese, Caribbean cassava bread and Palestinian olive oil soap. People are also reading... Unlike UNESCO’s World Heritage List, which includes sites considered important to humanity like the Pyramids of Giza in Egypt, the Intangible Cultural Heritage designation names products and practices of different cultures that are deserving of recognition. Japan's Takehiro Kano, ambassador to UNESCO, reacts after the traditional Japanese brewing of sake was officially named to UNESCO's "intangible cultural heritage of humanity" list during a World Heritage Convention in Asuncion, Paraguay on Wednesday. Marta Escurra, Associated Press A Japanese delegation welcomed the announcement in Luque. “Sake is considered a divine gift and is essential for social and cultural events in Japan,” Kano Takehiro, the Japanese ambassador to UNESCO, told The Associated Press. The basic ingredients of sake are few: rice, water, yeast and koji, a rice mold that breaks down the starches into fermentable sugars like malting does in beer production. The whole two-month process of steaming, stirring, fermenting and pressing can be grueling. The rice — which wields tremendous marketing power as part of Japan's broader cultural identity — is key to the alcoholic brew. For a product to be categorized Japanese sake, the rice must be Japanese. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts Japanese sake, a nominee for UNESCO's "intangible cultural heritage of humanity" list, are displayed on Japan's delegation table, during a UNESCO World Heritage Convention in Asuncion, Paraguay, on Wednesday. Marta Escurra, Associated Press The UNESCO recognition, the delegation said, captured more than the craft knowledge of making high-quality sake. It also honored a tradition dating back some 1,000 years — sake makes a cameo in Japan’s famous 11th century novel, “The Tale of Genji,” as the drink of choice in the refined Heian court. Now, officials hope to restore sake's image as Japan's premier alcoholic drink even as the younger drinkers in the country switch to imported wine or domestic beer and whiskey. Japanese breweries also expressed hope the listing could give a lift to the country's export economy as the popularity of sake booms around the world and in the United States amid heightened interest in Japanese cuisine. “I hope that this will also be an opportunity for Japanese people to take another look at sake, shochu and awamori, which are the essence of their culture," Hitoshi Utsunomiya, director of the trade group Japan Sake and Shochu Makers Association, said in Tokyo. "I would like them to try it even once and see what it tastes like,” he said. Sake exports, mostly to the U.S. and China, now rake in over $265 million a year, according to the association. Japan's Takehiro Kano, ambassador to UNESCO, reacts as the traditional Japanese brewing of sake was named to UNESCO's "intangible cultural heritage of humanity" list during a World Heritage Convention in Asuncion, Paraguay on Wednesday. Marta Escurra, Associated Press Japan's delegation appeared ready to celebrate Wednesday — in classic Japanese style. After the announcement, Takehiro raised a cypress box full of sake to toast the alcoholic brew and cultural rite. “It means a lot to Japan and to the Japanese,” he said of the UNESCO designation. "This will help to renew interest in traditional sake elaboration.” In Tokyo, Japanese Prime Minister Shigeru Ishiba said he was “delighted” by UNESCO's recognition of traditional sake-making techniques, and he congratulated those dedicated to preserving and promoting the tradition. How to host the ultimate wine tasting How to host the ultimate wine tasting The crisp autumn air ushers in more than just pumpkin spice latte season. Consider cozying up inside with friends for a wine tasting and sharing delicious food and drinks with more complex flavors than cinnamon and sugar.Perhaps once thought of as stuffy affairs only for wine connoisseurs, today a tasting can be as casual as pouring a few bottles while doing another activity—say, bar games like darts or art activities like painting. The tasting can also be more traditional, especially if held at a winery or local wine shop, which is a great way to learn about what wines you might like to later serve at home. To host the ultimate wine tasting, it pays to do some R&D.One of the best aspects of hosting a wine tasting at home is that you get to establish the mood, tone, and guest list for the gathering—you can't pick a playlist when you sample wines at a bar or wine shop or make the dress code loungewear. So whether the mood is serious or playful, sophisticated or laid-back, the key to a successful tasting is enjoying and appreciating the wine and having fun with friends and family.Of course, there are a few other things to figure out along the way. Peerspace put together a few tips for hosting your wine-tasting party. Canva Tip 1: Determine the vibe A tasting party is all about sampling different wines and evaluating and hopefully enjoying them—and there are a variety of ways to do that. Would you like to host a playful gathering where each guest brings a mystery bottle of wine within a certain price range—a BYOB affair? Or would it be better to have more control over which wines are featured by curating and supplying all the wines as a host?This decision sets the tone—a tasting where guests contribute wine can be a bit of a free-for-all, whereas one where you select wines you supply allows guests to sit back and simply enjoy. And you don't have to break the bank to buy excellent wines—there are lots of wine experts ready to share their affordable picks.How much folks know about wine differs—and that's a good thing. Tastings are group learning experiences. Expertise isn't necessary to host or attend a tasting, but it is helpful to think about what will keep guests comfortable and having fun. Decide whether the vibe will be relaxed and laid-back, like friends sipping wine fireside, or more upbeat and formal. Think about elements like the atmosphere and the location, and consider whether folks will be seated or standing.Will you have a spirited playlist (couldn't resist) or live music? Do you want an expert to introduce each wine, or will you be that expert? Consider how guests will share their thoughts on what they are tasting. Do you want to just talk about them or do something more organized, like take notes or give ratings? Then supply notebooks or notecards and pencils, with categories or questions established ahead of time—all of which can reflect your evening's tone as well. Canva Tip 2: Know your numbers How many people to invite is a question largely informed by the answers to tip #1: Are you having a big, formal affair or an intimate catch-up with close friends? Or something in between?Whatever the case, an RSVP is essential because not only do you need to plan the setup of the space, but you must also make sure there's enough wine for everyone to taste, including each of the wines featured. There's nothing worse than a tasting that runs dry!The math to determine how much wine you need considers the size of the tasting pours—a full glass of wine at a restaurant is usually around 5 ounces, which yields around five glasses of wine from a standard bottle. For tastings, you'll want to do less, depending on how many wines you are featuring—say, 2 ounces if you'll be trying a lot of different wines.Experts agree, having more wine than you need is always a good idea—that way you can send guests home with a bottle should there be a prize at the end of the night. Canva Tip 3: Set a theme Picking a theme is essential to curating the selection of wines—it's the organizing principle behind your selections. Otherwise, your tasting might as well be just walking down the wine aisle at the grocery store and taking sips from random bottles. There's too much wine out there not to be strategic about this.Plus, a theme helps you to tell the story of each wine better—it's the plot line of the night, if you will. Common themes are types of wine, regions they are from, or even price points—really, one can get as creative as they wish. For inspiration, check out local wine shops and see what they do for tastings. Often, they will follow seasonality and group wines in novel ways for their own in-house tastings. DavideAngelini // Shutterstock Tip 4: Don't forget food Don't let food be an afterthought for the festivities—after all, food can enhance particular qualities of wine and vice versa. There are many rules around what foods to pair with which wines, but consider this simple advice from Alder Yarrow's Vinography: "Stick with eating good food and drinking good wine."Since the focus is on the wines, allow the drinks to determine what food makes sense, but don't overthink it. Food is a supporting character here—at the very least, guests will need something to soak up all the alcohol (unless you are spitting it out). Eating foods that contain a mixture of protein, fats, and carbs when drinking helps increase the rate of alcohol elimination. Whether it's a full meal or heavy hors d'oeuvres, thoughtful noshes are necessary. Canva Tip 5: Small pours = big fun The bottom line is, however you do it, hosting the ultimate wine tasting should be fun. Wine can feel intimidating to many people, but most wine experts are passionate, inspired folks who want to share what they know and help you find wines you like. So visit your local wine store or winemaker and ask questions. There are good guides specifically concerning how to taste wine.Dig a little, taste a lot, and have fun. It's all research for your next ultimate wine tasting.Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Kristen Wegrzyn. Photo selection by Lacy Kerrick.This story originally appeared on Peerspace and was produced and distributed in partnership with Stacker Studio. Canva Be the first to know“We were in a correction within a bull market . From a fundamental perspective, a few things have changed. First, this week we saw quite strong inflows coming back from FPIs, which is a positive sign. Second, a key point from the RBI Governor's policy statement on Friday was that they view the economy as having bottomed in Q2, and the leading indicators are now pointing to a potential recovery in the second half of the year,” says independent market expert Ajay Bagga. Edited excerpts ET Now: Do you think the markets have really bottomed out? With the rally we’ve seen in the past week, do you believe the corrective phase is over, and that we’ve bottomed out? Are we now entering a bull run, where what we saw earlier was just a correction in a broader bull market? Ajay Bagga: We were in a correction within a bull market. From a fundamental perspective, a few things have changed. First, this week we saw quite strong inflows coming back from FPIs, which is a positive sign. Second, a key point from the RBI Governor's policy statement on Friday was that they view the economy as having bottomed in Q2, and the leading indicators are now pointing to a potential recovery in the second half of the year. That’s crucial for the stock market to interpret from the RBI policy . If the economy has indeed bottomed, as indicated by the November quick PMIs—56+ in manufacturing and 58+ in services—India is performing relatively well economically. While we hear headlines about slow growth, and some have even called India stagflationary—especially those who haven’t seen the actual stagflation periods—that is not the case. India’s economy is growing, with nominal growth of over 10%, which means it's far from stagnant. If you look beyond the headlines, I think the economy bottoming out is a critical factor, and the market has probably bottomed, and we are now on an upswing within India’s longer-term structural bull market. Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading RSI Trading Techniques: Mastering the RSI Indicator By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Stock Valuation Made Easy By - Rounak Gouti, Investment commentary writer, Experience in equity research View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Derivative Analytics Made Easy By - Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.com View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading A2Z of Stock Trading - Online Stock Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Cryptocurrency Made Easy: Cryptocurrency Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program ET Now: Moving on to the recent monetary policy announcements—do you believe that the reduction in the cash reserve ratio (CRR) is sufficient to ensure continued growth while also keeping inflation in check? And how does this tie in with the global environment, especially the geopolitical pressures that are affecting the economy? What are your thoughts on how the CRR reduction might affect us going forward? Ajay Bagga: The CRR reduction is very welcome as it injects immediate liquidity into the system over the next 25 days. This will help keep interest rates low, which is beneficial as we head into the busy season for credit markets. It's good that liquidity will be available. Additionally, banks that previously earned zero percent on CRR can now buy government bonds or lend this money out, improving their NIMs (Net Interest Margins). The CRR essentially takes money out of the banking system, so this is a return to normalcy since it used to be 4% before COVID, and now it’s back to that level. However, in terms of broader policy, I believe the RBI missed a step today. Yet, they have been wise in the past, particularly during COVID, when they took targeted steps like Mudra loans and other subsidized liquidity measures. So, they might be seeing something that the market isn't. The only issue is that even when they start cutting rates, it takes 9 to 12 months for those cuts to flow through the economy. So, the question remains: have we already missed the window by holding rates steady for the 11th time in a row? Personally, I think we are well-primed for a rate cut. Counter-cyclical measures are needed, but the government hasn't introduced any fiscal measures yet. Therefore, the monetary policy has had to do most of the heavy lifting. We stopped at just the CRR cut. I think a rate cut would have further helped the economy. But regardless, with government spending picking up and the upcoming budget, we still have a lot of opportunities ahead. I’m expecting a pre-budget rally in the markets, and the next 60 days are going to be quite exciting. ET Now: While you would have expected a rate cut as part of the monetary policy, a potential counter-cyclical measure to help the markets, there’s another factor that might be aiding the market right now: the return of FII flows. FIIs, who were net sellers in October and the first half of November, have now turned net buyers. In fact, data shows they have already bought around 13,765 crores month-to-date. If this trend continues, could this be a big catalyst for a market rally going forward? Ajay Bagga: Yes, absolutely, it will be a big factor. The domestic investors were doing most of the heavy lifting, and now with FIIs coming back, it’s like a double-barrel effect. This will definitely help. One of the main reasons behind the FII outflows could have been the changes in SEBI rules regarding what funds could invest in and the need to identify the ultimate beneficiaries of these funds. This might have led to some hot money being flushed out of the market, and now genuine money is flowing in. But only time will tell. We expected the FIIs to return by mid-January as part of new allocations, but nowadays, with the markets being constantly online, the traditional January effect and Santa Claus rally have been mitigated due to arbitrage opportunities. So, it’s possible that the FIIs are entering now in anticipation of the January effect, and we might be seeing the Christmas rally come early to Indian markets. (You can now subscribe to our ETMarkets WhatsApp channel )
Aduro Clean Technologies Announces Partial Exercise of Over-Allotment Option“His future is not as bright as it once was,” said Aubrey Jewett, a political science professor at the University of Central Florida.GENEVA -- World Cup sponsor Bank of America teamed with FIFA for a second time Tuesday, signing for the Club World Cup that still has no broadcast deals just over six months before games start. Bank of America became FIFA’s first global banking partner in August and sealed a separate deal for a second event also being played in the United States, two days before the group-stage draw in Miami for the revamped 32-team club event . It features recent European champions Real Madrid, Manchester City and Chelsea. “FIFA is going to take America by storm and we’re going to be right at their side,” the bank’s head of marketing, David Tyrie, said in a telephone interview Tuesday. Bank of America joins 2026 World Cup sponsors Hisense and Budweiser brewer AB InBev in separately also backing the club event, and more deals are expected after Saudi Arabia is confirmed next week as the 2034 World Cup host. While games at the next World Cup, co-hosted with Canada and Mexico, will be watched by hundreds of millions globally mostly on free-to-air public networks, the Club World Cup broadcast picture is unclear. FIFA has promised hundreds of millions of dollars in prize money for the 32 clubs to share but is yet to announce any broadcast deals for the month-long tournament. It is expected to land on a streaming service. “You have to think about how you are going to connect with these fans,” Tyrie told the Associated Press from Boston. “TV is one, sure, social media is a big avenue. “The smart marketing capabilities are able to say ‘Hey, we need to tilt this one a little bit more away from TV-type marketing into social-type marketing.’ We have got a pretty decent strategy that we’re putting in place to do activation.” Engaging Bank of America’s customers and 250,000 employees are key to that strategy, Tyrie said. “It’s going to be for our clients, and entertainment, it’s going to be for our employees in creating excitement. All of the above.” The Club World Cup will be played in 12 stadiums across 11 cities, including Bank of America Stadium in Charlotte, N.C, and Lumen Field where the hometown Seattle Sounders play three group-stage games. European powers Madrid, Man City and Bayern Munich lead a 12-strong European challenge. Teams qualified by winning continental titles or posting consistently good results across four years of those competitions. The exception is Lionel Messi’s Inter Miami, who FIFA gave the entry reserved for a host nation team in October based on regular season record without waiting for the MLS Cup final. LA Galaxy hosts New York Red Bulls playing for that national title Saturday. Messi’s team opens the FIFA tournament June 15 in the Miami Dolphins’ Hard Rock Stadium and will play its three group games in Florida. “The more brand players you bring in, the bigger the following you have got,” Tyrie acknowledged, though adding Messi being involved was “not a make or break for the event.” The Club World Cup final is July 13 at Met Life Stadium near New York, which also will host the World Cup final one year later. ___ AP soccer: https://apnews.com/hub/soccer
Samsung Electronics' chip production line in Pyeongtaek, Gyeonggi Province / Courtesy of Samsung Electronics Broadcom's rise may provide new opportunity for chipmakers The outlook for fourth-quarter earnings at Samsung Electronics and SK hynix is clouded by a negative market environment, driven by sluggish demand for information technology (IT) devices, and falling prices for legacy DRAM chips. According to market tracker FnGuide, brokerages estimate Samsung Electronics' operating profit for the fourth quarter at 9.22 trillion won ($6.3 billion) as of Wednesday, a decrease of nearly 5 percent from 9.7 trillion won a month earlier. Throughout this month, local brokerages have been revising their estimates for Samsung’s operating profit, citing an oversupply of legacy memory chips due to sluggish demand for IT devices and undercutting by Chinese firms. “In (the) fourth quarter, the memory market faces challenges stemming from excessive inventory in the chips for PC and mobile devices, necessitating further price cuts to boost shipping volumes,” iM Securities analyst Song Myung-sub said, lowering his estimation for the company’s fourth-quarter operating profit to 8.3 trillion won from 9.9 trillion won. “Consequently, chances are high for Samsung's memory shipment volumes or average selling prices falling short of current market expectations.” According to DRAMeXchange, the average price of a DDR4 8GB 1Gx8 memory module, which is mostly used in PCs, dropped by 35.7 percent from $2.10 in July to $1.35 in November. Market observers attribute the price drop to undercutting by Chinese memory manufacturers, with companies like CXMT and JHICC supplying DDR4 8GB chips at prices between $0.75 and $1. The slowdown in the legacy DRAM business is impacting Samsung more significantly, as high-bandwidth memory (HBM) chips, which are in increasing demand for artificial intelligence (AI) processors, still account for only a small share of the company's earnings. “Samsung’s DRAM business is expected to underperform the market estimation because of delays in supplying HBM3e chips for Nvidia, CXMT’s undercutting and deteriorating supply and demand conditions for legacy DRAM chips,” Kiwoom Securities analyst Park Yoo-ak said. SK Group Chairman Chey Tae-won, left, listens to an official at SK hynix's high-bandwidth memory chip production line in Icheon, Gyeonggi Province, Aug. 5. Courtesy of SK Group Although the situation is slightly better for SK hynix, which now stands as the world’s top supplier of HBM, the market is also lowering its estimation for the company’s fourth-quarter earnings due to the sluggish legacy chip market. The market consensus for SK hynix’s fourth-quarter earnings was 8.05 trillion won as of Wednesday, down 1.2 percent from 8.15 trillion won a month earlier. “Samsung Electronics and SK hynix will be able to rebound after showcasing sluggish performances in the fourth quarter of this year,” DAOL Investment & Securities analyst Ko Young-min said. The market expects that the two chipmakers will accelerate their transition efforts toward HBM to cope with the growing demand for AI processors. Speculation is also rising that U.S.-based Broadcom is turning to the two Korean firms to secure HBM4, which will be produced starting next year, for its AI application-specific integrated circuits (ASIC). The Korea Economic Daily reported earlier this week that SK hynix received Broadcom’s request for HBM4 and has begun developing the prototype. Samsung Electronics also initiated discussions with Broadcom over HBM4 supplies. Given that Nvidia has already secured most of the HBM chips that SK hynix will produce next year, industry officials expect that Samsung may cover orders from Broadcom. While graphics processing units, or GPUs, like those used in Nvidia’s AI processors, offer more versatility for general computing, ASICs are more efficient for specialized tasks and are typically priced lower than GPUs. To remove this article -Syrian insurgents reach the capital's suburbs. Worried residents flee and stock up on supplies
The Timeless Modernist: Encapsulating M F Hussain's artistryAden Holloway established career highs of 26 points and eight 3-pointers to help No. 5 Alabama roll to a 105-82 nonconference victory over South Dakota State on Sunday at Tuscaloosa, Ala. Freshman Labaron Philon had the best game of his young career with 21 points and six assists for the Crimson Tide (11-2). Mark Sears had 20 points, including 6-for-14 3-point shooting. Grant Nelson added 17 points and eight rebounds and scored the game's first eight points. Alabama coach Nate Oats has sometimes been critical of his squad's defensive effort and the second half against the Jackrabbits will provide more fuel for that concern. Alabama did connect on a season-best 19 3-point shots but also attempted 55 long-range shots (34.5 percent). The Tide also saw South Dakota State put up 49 points in the second half to keep the score relatively competitive. Alabama claimed a fifth straight win with its third 100-plus point performance of the season. South Dakota State (9-6) was led by Washington State transfer Oscar Cluff, who had 21 points and 15 rebounds, including seven offensive boards. The Jackrabbits connected on 11-for-26 3-point shooting (42.3 percent), with guard Isaac Lindsey scoring 11 points, including 3-for-6 on 3-point tries. After Nelson's personal 8-0 run to open the game, South Dakota State pulled with 16-14 on a shot by William Whorton with 11:45 to play in the opening half. But Alabama then broke the game open, going on a 24-3 run culminating in a Holloway 3-pointer to give the Tide a 40-17 edge with 7:37 left in the opening half. South Dakota State trailed 57-33 at halftime, but played a much more competitive second half offensively by connecting on 17 of 33 shots (51.5 percent). Alabama will open 2025 with a home game against No. 12 Oklahoma on Saturday. South Dakota State will host Summit Conference opponent Denver on Thursday. --Field Level Media
ANN ARBOR, Mich. (AP) — Michigan's defense of the national championship has fallen woefully short. The Wolverines started the season ranked No. 9 in the AP Top 25 , making them the third college football team since 1991 to be ranked worse than seventh in the preseason poll after winning a national title. Michigan (6-5, 4-4 Big Ten) failed to meet those modest expectations, barely becoming eligible to play in a bowl and putting the program in danger of losing six or seven games for the first time since the Brady Hoke era ended a decade ago. The Wolverines potentially can ease some of the pain with a win against rival and second-ranked Ohio State (10-1, 7-1, No. 2 CFP) on Saturday in the Horseshoe, but that would be a stunning upset. Ohio State is a 21 1/2-point favorite, according to the BetMGM Sportsbook, and that marks just the third time this century that there has been a spread of at least 20 1/2 points in what is known as “The Game.” Michigan coach Sherrone Moore doesn't sound like someone who is motivating players with an underdog mentality. “I don’t think none of that matters in this game,” Moore said Monday. “It doesn’t matter the records. It doesn’t matter anything. The spread, that doesn’t matter.” How did Michigan end up with a relative mess of a season on the field, coming off its first national title since 1997? Winning it all with a coach and star player contemplating being in the NFL for the 2024 season seemed to have unintended consequences for the current squad. The Wolverines closed the College Football Playoff with a win over Washington on Jan. 8; several days later quarterback J.J. McCarthy announced he was skipping his senior season; and it took more than another week for Jim Harbaugh to bolt to coach the Los Angeles Chargers. In the meantime, most quality quarterbacks wanting to transfer had already enrolled at other schools and Moore was left with lackluster options. Davis Warren beat out Alex Orji to be the team's quarterback for the opener and later lost the job to Orji only to get it back again. No matter who was under center, however, would've likely struggled this year behind an offensive line that sent six players to the NFL. The Wolverines lost one of their top players on defense, safety Rod Moore, to a season-ending injury last spring and another one, preseason All-America cornerback Will Johnson, hasn't played in more than a month because of an injury. The Buckeyes are not planning to show any mercy after losing three straight in the series. “We’re going to attack them," Ohio State defensive end Jack Sawyer said. “We know they’re going to come in here swinging, too, and they’ve still got a good team even though the record doesn’t indicate it. This game, it never matters what the records are." While a win would not suddenly make the Wolverines' season a success, it could help Moore build some momentum a week after top-rated freshman quarterback Bryce Underwood flipped his commitment from LSU to Michigan. “You come to Michigan to beat Ohio,” said defensive back Quinten Johnson, intentionally leaving the word State out when referring to the rival. "That's one of the pillars of the Michigan football program. “It doesn’t necessarily change the fact of where we are in the season, but it definitely is one of the defining moments of your career here at Michigan.” AP Sports Writer Mitch Stacy in Columbus, Ohio, contributed to this report. Get alerts on the latest AP Top 25 poll throughout the season. Sign up here . AP college football: https://apnews.com/hub/college-football and https://apnews.com/hub/ap-top-25-college-football-poll
BAKU, Azerbaijan — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. It's a far-from-perfect arrangement, with many parties still deeply unsatisfied but some hopeful that the deal will be a step in the right direction. World Resources Institute president and CEO Ani Dasgupta called it “an important down payment toward a safer, more equitable future,” but added that the poorest and most vulnerable nations are “rightfully disappointed that wealthier countries didn’t put more money on the table when billions of people’s lives are at stake.” The summit was supposed to end on Friday evening but negotiations spiraled on through early Sunday. With countries on opposite ends of a massive chasm, tensions ran high as delegations tried to close the gap in expectations. Here's how they got there: Get the latest breaking news as it happens. By clicking Sign up, you agree to our privacy policy . What was the finance deal agreed at climate talks? Rich countries have agreed to pool together at least $300 billion a year by 2035. It’s not near the full amount of $1.3 trillion that developing countries were asking for, and that experts said was needed. But delegations more optimistic about the agreement said this deal is headed in the right direction, with hopes that more money flows in the future. The text included a call for all parties to work together using “all public and private sources” to get closer to the $1.3 trillion per year goal by 2035. That means also pushing for international mega-banks, funded by taxpayer dollars, to help foot the bill. And it means, hopefully, that companies and private investors will follow suit on channeling cash toward climate action. Mukhtar Babayev, COP29 President, applauds as he attends a closing plenary at the COP29 U.N. Climate Summit, Sunday, Nov. 24, 2024, in Baku, Azerbaijan. Credit: AP/Rafiq Maqbool The agreement is also a critical step toward helping countries on the receiving end create more ambitious targets to limit or cut emissions of heat-trapping gases that are due early next year. It’s part of the plan to keep cutting pollution with new targets every five years, which the world agreed to at the U.N. talks in Paris in 2015. The Paris agreement set the system of regular ratcheting up climate fighting ambition as away to keep warming under 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The world is already at 1.3 degrees Celsius (2.3 degrees Fahrenheit) and carbon emissions keep rising. What will the money be spent on? The deal decided in Baku replaces a previous agreement from 15 years ago that charged rich nations $100 billion a year to help the developing world with climate finance. The new number has similar aims: it will go toward the developing world's long laundry list of to-dos to prepare for a warming world and keep it from getting hotter. That includes paying for the transition to clean energy and away from fossil fuels. Countries need funds to build up the infrastructure needed to deploy technologies like wind and solar power on a large scale. Mukhtar Babayev, COP29 President, applauds as he attends a closing plenary at the COP29 U.N. Climate Summit, Sunday, Nov. 24, 2024, in Baku, Azerbaijan. Credit: AP/Rafiq Maqbool Communities hard-hit by extreme weather also want money to adapt and prepare for events like floods, typhoons and fires. Funds could go toward improving farming practices to make them more resilient to weather extremes, to building houses differently with storms in mind, to helping people move from the hardest-hit areas and to help leaders improve emergency plans and aid in the wake of disasters. The Philippines, for example, has been hammered by six major storms in less than a month, bringing to millions of people howling wind, massive storm surges and catastrophic damage to residences, infrastructure and farmland. “Family farmers need to be financed," said Esther Penunia of the Asian Farmers Association. She described how many have already had to deal with millions of dollars of storm damage, some of which includes trees that won't again bear fruit for months or years, or animals that die, wiping out a main source of income. “If you think of a rice farmer who depends on his or her one hectare farm, rice land, ducks, chickens, vegetables, and it was inundated, there was nothing to harvest,” she said. Why was it so hard to get a deal? Election results around the world that herald a change in climate leadership, a few key players with motive to stall the talks and a disorganized host country all led to a final crunch that left few happy with a flawed compromise. The ending of COP29 is "reflective of the harder geopolitical terrain the world finds itself in,” said Li Shuo of the Asia Society. He cited Trump's recent victory in the US — with his promises to pull the country out of the Paris Agreement — as one reason why the relationship between China and the EU will be more consequential for global climate politics moving forward. Developing nations also faced some difficulties agreeing in the final hours, with one Latin American delegation member saying that their group didn't feel properly consulted when small island states had last-minute meetings to try to break through to a deal. Negotiators from across the developing world took different tacks on the deal until they finally agreed to compromise. Meanwhile, activists ramped up the pressure: many urged negotiators to stay strong and asserted that no deal would be better than a bad deal. But ultimately the desire for a deal won out. Some also pointed to the host country as a reason for the struggle. Mohamed Adow, director of climate and energy think tank Power Shift Africa, said Friday that “this COP presidency is one of the worst in recent memory,” calling it “one of the most poorly led and chaotic COP meetings ever.” The presidency said in a statement, “Every hour of the day, we have pulled people together. Every inch of the way, we have pushed for the highest common denominator. We have faced geopolitical headwinds and made every effort to be an honest broker for all sides.” Shuo retains hope that the opportunities offered by a green economy “make inaction self-defeating” for countries around the world, regardless of their stance on the decision. But it remains to be seen whether the UN talks can deliver more ambition next year. In the meantime, “this COP process needs to recover from Baku,” Shuo said. ___ Associated Press reporters Seth Borenstein and Sibi Arasu contributed to this report.