AUM of USD 635 Billion at ADFW Caps Stellar Q4 as Trillion-Dollar Club Flock to ADGM
KYIV, Ukraine — NATO and Ukraine will hold emergency talks Tuesday after Russia attacked a central city with an experimental, hypersonic ballistic missile. escalating the nearly 33-month-old war. The conflict is “entering a decisive phase,” Poland’s Prime Minister Donald Tusk said Friday, and “taking on very dramatic dimensions.” Ukraine’s parliament canceled a session as security was tightened following Thursday’s Russian strike on a military facility in the city of Dnipro. In a stark warning to the West, President Vladimir Putin said in a nationally televised speech the attack with the intermediate-range Oreshnik missile was in retaliation for Kyiv’s use of U.S. and British longer-range missiles capable of striking deeper into Russian territory. Russian President Vladimir Putin speaks Friday during a meeting with the leadership of the Russian Ministry of Defense, representatives of the military-industrial complex and developers of missile systems at the Kremlin in Moscow. Putin said Western air defense systems would be powerless to stop the new missile. People are also reading... 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Speaking Friday to military and weapons industries officials, Putin said Russia will launch production of the Oreshnik. “No one in the world has such weapons,” he said. “Sooner or later, other leading countries will also get them. We are aware that they are under development. “We have this system now,” he added. “And this is important.” Putin said that while it isn’t an intercontinental missile, it’s so powerful that the use of several of them fitted with conventional warheads in one attack could be as devastating as a strike with strategic — or nuclear — weapons. Gen. Sergei Karakayev, head of Russia’s Strategic Missile Forces, said the Oreshnik could reach targets across Europe and be fitted with nuclear or conventional warheads, echoing Putin’s claim that even with conventional warheads, “the massive use of the weapon would be comparable in effect to the use of nuclear weapons.” In this photo taken from a video released Friday, a Russian serviceman operates at an undisclosed location in Ukraine. Kremlin spokesman Dmitry Peskov kept up Russia's bellicose tone on Friday, blaming “the reckless decisions and actions of Western countries” in supplying weapons to Ukraine to strike Russia. "The Russian side has clearly demonstrated its capabilities, and the contours of further retaliatory actions in the event that our concerns were not taken into account have also been quite clearly outlined," he said. Hungarian Prime Minister Viktor Orbán, widely seen as having the warmest relations with the Kremlin in the European Union, echoed Moscow’s talking points, suggesting the use of U.S.-supplied weapons in Ukraine likely requires direct American involvement. “These are rockets that are fired and then guided to a target via an electronic system, which requires the world’s most advanced technology and satellite communications capability,” Orbán said on state radio. “There is a strong assumption ... that these missiles cannot be guided without the assistance of American personnel.” Orbán cautioned against underestimating Russia’s responses, emphasizing that the country’s recent modifications to its nuclear deployment doctrine should not be dismissed as a “bluff.” “It’s not a trick ... there will be consequences,” he said. Czech Republic's Foreign Minister Jan Lipavsky speaks to journalists Friday during a joint news conference with Ukraine's Foreign Minister Andriiy Sybiha in Kyiv, Ukraine. Separately in Kyiv, Czech Foreign Minister Jan Lipavský called Thursday’s missile strike an “escalatory step and an attempt of the Russian dictator to scare the population of Ukraine and to scare the population of Europe.” At a news conference with Ukrainian Foreign Minister Andrii Sybiha, Lipavský also expressed his full support for delivering the necessary additional air defense systems to protect Ukrainian civilians from the “heinous attacks.” He said the Czech Republic will impose no limits on the use of its weapons and equipment given to Ukraine. Three lawmakers from Ukraine's parliament, the Verkhovna Rada, confirmed that Friday's previously scheduled session was called off due to the ongoing threat of Russian missiles targeting government buildings in central Kyiv. In addition, there also was a recommendation to limit the work of all commercial offices and nongovernmental organizations "in that perimeter, and local residents were warned of the increased threat,” said lawmaker Mykyta Poturaiev, who said it's not the first time such a threat has been received. Ukraine’s Main Intelligence Directorate said the Oreshnik missile was fired from the Kapustin Yar 4th Missile Test Range in Russia’s Astrakhan region and flew 15 minutes before striking Dnipro. Test launches of a similar missile were conducted in October 2023 and June 2024, the directorate said. The Pentagon confirmed the missile was a new, experimental type of intermediate-range missile based on its RS-26 Rubezh intercontinental ballistic missile. Thursday's attack struck the Pivdenmash plant that built ICBMs when Ukraine was part of the Soviet Union. The military facility is located about 4 miles southwest of the center of Dnipro, a city of about 1 million that is Ukraine’s fourth-largest and a key hub for military supplies and humanitarian aid, and is home to one of the country’s largest hospitals for treating wounded soldiers from the front before their transfer to Kyiv or abroad. From tuberculosis to heart disease: How the leading causes of death in America have changed From tuberculosis to heart disease: How the leading causes of death in America have changed We're all going to die someday. Still, how it happens—and when—can point to a historical moment defined by the scientific advancements and public health programs available at the time to contain disease and prevent accidents. In the early 1900s, America's efforts to improve sanitation, hygiene, and routine vaccinations were still in their infancy. Maternal and infant mortality rates were high, as were contagious diseases that spread between people and animals. Combined with the devastation of two World Wars—and the Spanish Flu pandemic in between—the leading causes of death changed significantly after this period. So, too, did the way we diagnose and control the spread of disease. Starting with reforms as part of Roosevelt's New Deal in the 1930s, massive-scale, federal interventions in the U.S. eventually helped stave off disease transmission. It took comprehensive government programs and the establishment of state and local health agencies to educate the public on preventing disease transmission. Seemingly simple behavioral shifts, such as handwashing, were critical in thwarting the spread of germs, much like discoveries in medicine, such as vaccines, and increased access to deliver them across geographies. Over the course of the 20th century, life expectancy increased by 56% and is estimated to keep increasing slightly, according to an annual summary of vital statistics published by the American Academy of Pediatrics in 2000. Death Records examined data from the Centers for Disease Control and Prevention to see how the leading causes of death in America have evolved over time and to pinpoint how some major mortality trends have dropped off. Infectious diseases lead causes of death in America According to a report published in the journal Annual Review of Public Health in 2000, pneumonia was the leading cause of death in the early 1900s, accounting for nearly 1 in 4 deaths. By the time World War I ended in 1918, during which people and animals were housed together for long periods, a new virus emerged: the Spanish Flu. Originating in a bird before spreading to humans, the virus killed 10 times as many Americans as the war. Many died of secondary pneumonia after the initial infection. Pneumonia deaths eventually plummeted throughout the century, partly prevented by increased flu vaccine uptake rates in high-risk groups, particularly older people. Per the CDC, tuberculosis was a close second leading cause of death, killing 194 of every 10,000 people in 1900, mainly concentrated in dense urban areas where the infection could more easily spread. Eventually, public health interventions led to drastic declines in mortality from the disease, such as public education, reducing crowded housing, quarantining people with active disease, improving hygiene, and using antibiotics. Once the death rates lagged, so did the public health infrastructure built to control the disease, leading to a resurgence in the mid-1980s. Diarrhea was the third leading cause of death in 1900, surging every summer among children before the impacts of the pathogen died out in 1930. Adopting water filtration, better nutrition, and improved refrigeration were all associated with its decline. In the 1940s and 1950s, polio outbreaks killed or paralyzed upward of half a million people worldwide every year. Even at its peak, polio wasn't a leading cause of death, it was a much-feared one, particularly among parents of young children, some of whom kept them from crowded public places and interacting with other children. By 1955, when Jonah Salk discovered the polio vaccine, the U.S. had ended the "golden age of medicine." During this period, the causes of mortality shifted dramatically as scientists worldwide began to collaborate on infectious disease control, surgical techniques, vaccines, and other drugs. Leading causes of death tip toward lifestyle-related disease From the 1950s onward, once quick-spreading deadly contagions weren't prematurely killing American residents en masse, scientists also began to understand better how to diagnose and treat these diseases. As a result, Americans were living longer lives and instead succumbing to noncommunicable diseases, or NCDs. The risk of chronic diseases increased with age and, in some cases, was exacerbated by unhealthy lifestyles. Cancer and heart disease shot up across the century, increasing 90-fold from 1900 to 1998, according to CDC data. Following the post-Spanish Flu years, heart disease killed more Americans than any other cause, peaking in the 1960s and contributing to 1 in 3 deaths. Cigarette smoking rates peaked at the same time, a major risk factor for heart disease. Obesity rates also rose, creating another risk factor for heart disease and many types of cancers. This coincides with the introduction of ultra-processed foods into diets, which plays a more significant role in larger waistlines than the increasing predominance of sedentary work and lifestyles. In the early 1970s, deaths from heart disease began to fall as more Americans prevented and managed their risk factors, like quitting smoking or taking blood pressure medicine. However, the disease remains the biggest killer of Americans. Cancer remains the second leading cause of death and rates still indicate an upward trajectory over time. Only a few types of cancer are detected early by screening, and some treatments for aggressive cancers like glioblastoma—the most common type of brain cancer—have also stalled, unable to improve prognosis much over time. In recent years, early-onset cancers, those diagnosed before age 50 or sometimes even earlier, have seen a drastic rise among younger Americans. While highly processed foods and sedentary lifestyles may contribute to rising rates, a spike in cancer rates among otherwise healthy young individuals has baffled some medical professionals. This follows the COVID-19 pandemic that began in 2020. At its peak, high transmission rates made the virus the third leading cause of death in America. It's often compared to the Spanish Flu of 1918, though COVID-19 had a far larger global impact, spurring international collaborations among scientists who developed a vaccine in an unprecedented time. Public policy around issues of safety and access also influences causes of death, particularly—and tragically—among young Americans. Gun control measures in the U.S. are far less stringent than in peer nations; compared to other nations, however, the U.S. leads in gun violence. Firearms are the leading cause of death for children and teens (around 2 in 3 are homicides, and 1 in 3 are suicides), and deaths from opioids remain a leading cause of death among younger people. Globally, the leading causes of death mirror differences in social and geographic factors. NCDs are primarily associated with socio-economic status and comprise 7 out of 10 leading causes of death, 85% of those occurring in low- and middle-income countries, according to the World Health Organization. However, one of the best health measures is life expectancy at birth. People in the U.S. have been living longer lives since 2000, except for a slight dip in longevity due to COVID-19. According to the most recent CDC estimates, Americans' life expectancy is 77.5 years on average and is expected to increase slightly in the coming decades. Story editing by Alizah Salario. Additional editing by Kelly Glass. Copy editing by Paris Close. Photo selection by Lacy Kerrick. This story originally appeared on Death Records and was produced and distributed in partnership with Stacker Studio. Get local news delivered to your inbox!ABU DHABI , UAE , Dec. 19, 2024 /PRNewswire/ -- ADGM, the leading international financial centre of Abu Dhabi and a globally recognised hub for asset and wealth management unveiled nineteen major announcements from global financial institutions during the third edition of ADFW. These represent almost USD 635 billion in assets under management (AUM) and follow other Q4 announcements from the world's largest asset managers, BlackRock, PGIM, and Nuveen, which have also been set up in ADGM. This remarkable increase, from USD 450 billion to USD 635 billion , within a year has reinforced the centre's reputation as the region's fastest-growing and one of the world's most dynamic jurisdictions for asset management. This growth has been further bolstered by the establishment of billionaire-led family offices, including those of British businessman Asif Aziz , prominent philanthropist and financial strategist Wafic Said , and Singaporean entrepreneur and real estate leader Kishin RK, underscoring the centre's growing appeal as a global wealth management hub. Commenting on Abu Dhabi and ADGM's continued momentum, H.E. Ahmed Jasim Al Zaabi , Member of Abu Dhabi's Executive Council & Chairman of the Abu Dhabi Department of Economic Development (ADDED) and ADGM said, "These milestones reflect the heart of what makes Abu Dhabi so special—a shared vision of progress, partnership, and possibility. The growing number of global financial leaders and innovators choosing ADGM is a testament to the trust they place in our infrastructure, robust regulations, commitment to excellence and Abu Dhabi's reputation as the world's safest and most dynamic jurisdiction for asset and wealth management. As we welcome these new partnerships, we remain dedicated to driving the growth and diversification of the 'Falcon Economy' and creating opportunities that resonate across industries and borders. It's an exciting moment for ADGM, Abu Dhabi , and all those who are part of this remarkable journey." Larry Fink , Chairman and CEO of Blackrock praised Abu Dhabi commenting, "It's been a long journey watching how Abu Dhabi has matured as an economy. The constant innovation that I'm seeing from the economy and from the leadership. And Abu Dhabi has really positioned itself to become a leader over the next 20 years. Its psychology was different, and now it's blossoming into this magnet of opportunity. With that strength, it is now becoming a foundation for innovation." "We see a real burgeoning of entrepreneurship happening in the region and believe that the Middle East is the next big entrepreneurial hot spot. We've watched this happen before and always had our eye out on areas emerging in terms of entrepreneurship," said Bill Ford , Chairman & CEO of General Atlantic , during the second day of ADFW. Sir Paul Marshall , Chairman and Chief Investment Officer of Marshall Wace said, " Abu Dhabi is such a great place. Abu Dhabi is absolutely nailing it. It's a very attractive place." Confirming their establishment in ADGM during ADFW were leading private equity firms General Atlantic, Lone Star Funds, and Investindustrial along with private credit giants Golub Capital and Polen Capital, insurance manager – Eldridge as well as leading global equity management company, Carta and hedge fund Marshall Wace . This recent wave of commitments from global financial institutions signifies ADGM's leadership in attracting the world's foremost investment firms. Reflecting this confidence and growth, billionaire-led family offices have also been drawn to ADGM, recognising it as a trusted hub for managing and growing wealth. Asif Aziz , Founder and CEO of Criterion Capital commented, " Abu Dhabi's transformation into a global financial powerhouse makes it an ideal base for our operations. ADGM's world-class infrastructure and strategic location provide unparalleled opportunities to forge partnerships that align with our growth ambitions across the UAE and beyond." Building on its role as a leading destination for global investors and asset managers, ADGM is also redefining financial innovation by advancing its digital ecosystem. A cornerstone of this effort was the launch of Finstreet, a first-of-its-kind international securities market and an ecosystem for private securities, which exemplifies ADGM's commitment to integrating cutting-edge digital solutions with its robust financial infrastructure. The week also saw a new funding round for Themis and the entry of international digital pioneers Zodia Markets, Polygon Labs, FJ Labs, Aptos Digital, Chainlinks, Astra Tech and Themis, further solidifying the Emirate's reputation as a global innovation hub. Meanwhile, FinTech Astra Tech's Quantix announcement of a landmark USD 500 million financing from Citigroup, among the largest provided to a UAE FinTech company to date, to expand its CashNow consumer lending platform. Additionally, Themis—renowned for its advanced financial crime prevention technologies—is further reinforcing ADGM's position as a hub for the next generation of financial technologies, secured over USD 9.75 million in scale-up funding, building on its success in partnerships with global leaders, including ADGM underscoring its role in advancing financial crime prevention in innovative regulatory environments. The market announcements were released during the third edition of ADFW held under the theme "Welcome to the Capital of Capital," which gathered more than 20,000 leaders and executives from across the financial services industry, which collectively represented more than USD 42 trillion in assets under management. This wave of newcomers ADFW underscores Abu Dhabi's position as a global financial powerhouse and ADGM's role as a catalyst for economic diversification, attracting top-tier talent, cutting-edge technologies, and transformative investments that are shaping the emirate's future. Logo - https://mma.prnewswire.com/media/2550581/5010772/ADGM_Logo.jpg SOURCE ADGM
The Washington Post ‘s senior politics editor claims the newspaper removed him on Monday, and it remains unknown if he will stay with the publication. In a reported email, Dan Eggen said he was “crushed” by the news, the New York Post reported Thursday. The outlet continued: “I struggled with how to write this message since there is an element of begging to it that is not particularly attractive. But what the hey: I was informed Monday that I will be removed as senior politics editor at the end of the year. I will leave it to others to explain why,” the email said. ... His dismissal as politics editor comes as WaPo scrambles to come to grips with Donald Trump’s return to the White House. The report comes after the Washington Post ‘s editor-at-large Robert Kagan resigned from his job in October once the newspaper said it would not endorse Vice President Kamala Harris (D) in the presidential election that Trump later won, per Breitbart News. Breitbart News reported on October 30 that the Washington Post lost 250,000 subscribers after its decision not to endorse a presidential candidate. The paper’s owner, Jeff Bezos, wrote in an op-ed, “What presidential endorsements actually do is create a perception of bias. A perception of non-independence. Ending them is a principled decision, and it’s the right one.” Bezos, who founded Amazon, later offered Trump a “big congratulations” in a social media post after Trump won reelection. “Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory,” Bezos wrote. “No nation has bigger opportunities. Wishing @realDonaldTrump all success in leading and uniting the America we all love,” he added. The Breitbart News piece also reported that “Bezos has several large contracts with the U.S. government.” It is interesting to note that the recent New York Post article said Bezos “reportedly wants to hire more conservative opinion writers.”A near 17-hour standoff between a man and Vallejo police finally ended Wednesday morning with an arrest. On Tuesday at 10:46 a.m., The Vallejo Police Department Patrol Division responded to a call reporting gunshots heard on the 200 block of Viewmont Avenue. “We were told that a female’s son brandished a shotgun at herself and her daughter, who is also an adult,” Vallejo Public Information Officer Rashad Hollis told the Times-Herald on Wednesday. “They immediately ran out of the house and called police outside once they heard a shotgun go off inside.” The son, Garry Harrison Jr., soon set up communication inside the house via telephone according to Hollis. There were no other persons inside the house. Officers instructed Harris Jr. to leave the residence, but he refused to comply. The Vallejo Police Department’s Emergency Services Unit was activated, deploying personnel from the Special Weapons and Tactics Team, Hostage Negotiation Team, and the Technical Support Team. The operation was further supported by the Fairfield Police Department’s Drone Team and the Vacaville Police Department’s Drone and SWAT Teams. The agencies established communication with the suspect, but he continued to refuse to surrender. On Tuesday, Solano County set up a shelter in place for all residents within one-fourth of a mile of the 200 block of Viewmont and continued until Wednesday morning. After exhausting all verbal de-escalation efforts, SWAT officers employed specialized equipment and less-lethal tactics to ensure the suspect’s safe surrender. Following the deployment of chemical agents into the residence, Harrison surrendered peacefully at approximately 3:30 a.m. on Wednesday. Social media posts mentioned hearing a large boom in the middle of the night. “That was when we made the arrest,” Hollis said. “Aside from using helicopters, we used flash bangs and tear gas at the end.” The Vallejo Police Department’s Detective Division took over the investigation. Based on victim statements and evidence recovered at the scene, Harrison was arrested for assault with a deadly weapon and booked into the Solano County Jail. A firearm was recovered inside the residence and secured as evidence.Andrei Markov returns to the Bell Centre for the first time since 2017
Apple faces criticism after shockingly bad Apple Intelligence headline errorsLITTLE ROCK, Ark. -- Voters dejected by the presidential election results need to find a way to give back and remain involved, Bill and Hillary Rodham Clinton said Saturday as they celebrated the 20th anniversary of the Clinton presidential library. The former president urged audience members in a packed theater to remain engaged and find ways to communicate with those they disagree with despite a divisive political time. The two spoke about a month after former President Donald Trump's win over Vice President Kamala Harris in the presidential election. “We’re just passing through, and we all need to just calm down and do something that builds people up instead of tears them down,” Bill Clinton said. Hillary Clinton, the former secretary of state who was defeated by Trump in the 2016 election, said she understands the next couple of years are going to be challenging for voters who don't agree with the decisions being made. "In addition to staying involved and staying aware, it’s important to find something that makes you feel good about the day because if you’re in a constant state of agitation about our political situation, it is really going to shorten your life," she said. The Clintons spoke during a panel discussion with journalist Laura Ling, who the former president helped free in 2009 when she was detained in North Korea with another journalist. The event was held as part of a weekend of activities marking the 20th anniversary of the Clinton Presidential Library's opening in Little Rock. The library is preparing to undergo an update of its exhibits and an expansion that will include Hillary Clinton's personal archives. Hillary Clinton said part of the goal is to modernize the facility and expand it to make it a more open, inviting place for people for convene and make connections. When asked about advice he would give for people disappointed by the election results, Bill Clinton said people need to continue working toward bringing people together and improving others' lives. “If that's the way you keep score, then you ought to be trying to run up the score,” he said. “Not lamenting the fact that somebody else is winning a different game because they keep score a different way." “And in addition, figure out what we can do to win again,” Hillary Clinton added, eliciting cheers. The program featured a panel discussion with cast members of the hit NBC show “The West Wing” and former Clinton White House staffers. The weekend amounted to a reunion of former Clinton White House staffers, supporters and close friends, including former Virginia Gov. Terry McAuliffe and adviser James Carville. McAuliffe said he and Carville ate Friday at Doe's Eat Place, a downtown restaurant that was popular with Clinton aides and reporters during Clinton's 1992 White House run. He said he viewed the library and its planned expansion as important for the future. “This is not only about the past, but it's more importantly about the future," McAuliffe said. “We just went through a very tough election, and people are all saying we've got to get back to the Clinton model.”Host Hotels & Resorts Inc. stock underperforms Monday when compared to competitors
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The has called on federal government agencies to develop common reference systems to support the long-term presence of humans on the Moon. OSTP published a memorandum on Wednesday seeking to that will enable navigation, scientific discovery and commercial activity on the lunar surface. According to the document, must collaborate with other federal agencies and international partners to craft an implementation plan for the lunar reference systems by 2026. Table of Contents Coordinated Lunar Time The new memorandum complements a previous memo that , assistant to the president for science and technology and director of OSTP, , in which she directed NASA to establish a timing system for the Moon and other celestial bodies. Timekeeping on the Moon can be quite a challenge due to its unique gravitational pull. A regular atomic clock would on the lunar surface compared to those on Earth. A unified time standard will support sustained activity on and around the Moon. OSTP’s Five-Year Plan for Cislunar Space OSTP will also publish the , which outlines the steps the government will take over the next five years to maintain leadership in space. The document has four strategic objectives: supporting research and development efforts, expanding international coordination on science and technology, and broadening coverage of space situational awareness capabilities. According to the action plan, the U.S. also aims to build scalable and interoperable communications and positioning, navigation, and timing infrastructure in cislunar space.
(Note to subs: amends byline error) The world stands at the dawn of a “third nuclear age” in which Britain is threatened by multiple dilemmas, the head of the armed forces has warned. But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” The first nuclear age was the Cold War, while the second was “governed by disarmament efforts and counter proliferation”, the armed forces chief said. He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”Woolworths strike drags into its 13th day as warehouse workers hope for an end to standoff
– Cassava Technologies, a pioneering technology company of African heritage, has successfully raised $310 million in capital to solidify its position as a global leader in digital solutions. The funding includes a $90 million equity investment from esteemed partners such as the U.S. International Development Finance Corporation, Google, and Finnfund. These new investors join a robust shareholder base, which already includes the Econet Group, British International Investment, Public Investment Corporation, Royal Bafokeng Holdings, Gateway Partners, and the Fund for Export Development in Africa (FEDA). Additionally, Liquid Intelligent Technologies, one of Cassava Technologies’ key businesses, has secured a $220 million debt refinancing package. This arrangement was supported by Standard Bank Group, Rand Merchant Bank (RMB), Nedbank, and the International Finance Corporation (IFC), further strengthening the company’s financial stability. The $310 million injection aligns with Cassava Technologies’ strategic reorganisation into an integrated digital solutions platform. The company aims to deliver innovative services, including broadband connectivity, data centre co-location, cloud services, cybersecurity, AI computing, and fintech solutions, across its target markets. “This funding is more than just numbers,” said Hardy Pemhiwa, President and CEO of Cassava Technologies. “It reflects the trust of global investors, the dedication of our teams, the loyalty of our customers, and the unwavering support of our shareholders and partners. Together, we are advancing our vision of a digitally connected future that leaves no African behind.” Cassava Technologies continues to play a transformative role in the digital landscape, ensuring Africa’s integration into the global digital economy while fostering inclusive growth and development. This latest milestone underscores the company’s commitment to innovation and its position as a trailblazer in the technology sector.Sundry Photography Article Thesis The last decade was definitely the decade of cloud software or SaaS (Software As A Service). It seems the current decade is already one of AI, but that does not imply that cloud computing growth is dead. According to Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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