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2025-01-25
Kamloops mayor parts ways with second lawyer, plans to represent himself in courtA rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December. Wall Street traders also refrained from making riskier bets amid intense volatility in South Korean assets as President Yoon Suk Yeol said he will lift a martial law decree, just hours after his dramatic move imposing it. US equities struggled to make headway, following an over $11 trillion surge in the S&P 500 this year that drove the gauge near overbought levels. With a negligible gain on Tuesday, the index notched its 55th record in 2024. Positioning in S&P 500 futures is “completely one-sided,” according to Citigroup Inc.’s Chris Montagu. “Things are getting extremely crowded on one side of the boat — the bullish side,” said Matt Maley at Miller Tabak Co. “Valuation levels are a lousy timing tool. However, sentiment and positioning are better tools. So it’s not out of the question that today’s extreme readings on these issues could create a surprising pick up in volatility before year-end.” Just a few days ahead of the US payrolls report, data showed job openings picked up while layoffs eased, suggesting demand for workers is stabilizing. Fed Bank of San Francisco President Mary Daly said a rate cut this month isn’t certain, but remains on the table. “The question for investors isn’t ‘will the Fed cut again.’ but rather ‘will the next cut be in December or January’,” said Lauren Goodwin at New York Life Investments. “Our base case is that the Fed cuts 25 basis points in December, but we have much higher confidence that another cut is coming in December or January as the data evolves.” The S&P 500 was little changed. The Nasdaq 100 added 0.3%. The Dow Jones Industrial Average slid 0.2%. Treasury 10-year yields advanced four basis points to 4.23%. Oil rose as the US imposed more sanctions targeting Iranian crude and OPEC made progress on a deal to keep output off the market. Bank of America Corp. clients continued to pile into US equities last week as post-election enthusiasm persisted, with purchases made by hedge funds and retail investors. Net inflows by the bank’s clients totaled $800 million in a holiday-shortened week ended Nov. 29, quantitative strategists led by Jill Carey Hall said Tuesday. The foundation for US stocks is still firm, but it’s starting to show minor signs of cracking as 2025 approaches, according to Gina Martin Adams and Michael Casper at Bloomberg Intelligence. Their latest market-health checklist summarizes the state of 17 timely indicators in three categories — technicals, earnings trends and bonds/macroeconomic signals — and shows two red flags at this time — in revision momentum and economic regime. There are eight mixed signals and seven all-clear ones. “Technical cues are less than perfect given shifting leadership to smaller-cap stocks, but the price trend is still very strong,” they said. “Earnings cues have weakened a touch as comparisons get more challenging and margin forecasts wobble. Macroeconomic indicators remain decidedly muddled, as all cues in our economic regime model show sputtering momentum.” History suggests a Fed easing cycle could offer resolute support for stocks, and clearly more if it’s accompanied by steady economic conditions, according to Nathaniel T. Welnhofer at BI. Since 1971, the S&P 500 posted an annualized return of 14.9%, and since the late 1970s, the Russell 2000 gained 17.2% in periods when the central bank cut rates, he said. The results were much stronger during rate-cutting cycles in non-recessionary periods: Large caps averaged a 25.2% annualized return vs. 11% in recessionary periods, while small caps averaged 19.6% and 16.5%, respectively. “If the Fed stops easing early, the pace of gains for stocks will likely depend more on the state of the economy,” Welnhofer added. The S&P 500 has posted a 0% return on average in the three months just after the end of easing cycles, but is down 9.9% when the economy was in recession, compared with 3.3% when it wasn’t. “The US economy continues to hum along, the Fed is on its path to lower interest rates, and earnings growth remains strong,” said Bret Kenwell at eToro. Kenwell notes that’s a scenario that could continue favoring the small-cap space — with the Russell 2000 being the top-performing major index since the US presidential election. The gauge gained more than 10% in November alone — the second time it has done so this year after accomplishing the feat in July. Going back to 1979, when the Russell 2000 posted a monthly gain of that magnitude, it was higher 90% of the time six months later with an average gain of 11.4%. “While the statistics are favorable for small caps moving forward, so are the fundamentals,” he said. “Even the recent spike in 10-year Treasury yields has done little to deter small-cap investors.” “US stocks are likely to continue grinding higher into next year. In our view, the exuberance synonymous with frothy financial markets is far from widespread,” said Solita Marcelli at UBS Global Wealth Management. “While we expect bouts of volatility and corrections in the year ahead, we continue to believe that the S&P 500’s next leg up to our December 2025 target of 6,600 will be fueled by solid economic growth, the Fed’s easing, and AI advancement.” Within the US equity market, she favors technology, utilities and financials. A New York University professor known for his expertise on valuations says the “Magnificent Seven” megacaps are a buy during corrections as most of them will keep generating money. “As a value investor, I have never seen cash machines as lucrative as these companies are,” Aswath Damodaran, a finance professor at NYU’s Stern School of Business, said in a Bloomberg Television interview. “And I don’t see the cash machine slowing down.” There will be corrections and “I’d suggest that when that happens you find a way to add at least one, maybe two or three of these companies, because these are so much part of what drives the economy and the market,” he added. Corporate Highlights: Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds Commodities This story was produced with the assistance of Bloomberg Automation. This article was generated from an automated news agency feed without modifications to text.Romanian constitutional court validates first round of presidential race after vote recountblackjack 2ne1 logo

AUSTIN, Texas , Dec. 2, 2024 /PRNewswire/ -- Subsplash , the industry leader in engagement technology for churches, announced today its acquisition of Pulpit AI , the artificial intelligence company for pastors and churches. "At Subsplash, we're committed to supporting church communities by making it easier to share the truth of Jesus," said Tim Turner , CEO of Subsplash. "Pulpit AI allows us to provide hundreds of thousands of forward-looking church leaders with tools that multiply their content creation efforts—helping deepen discipleship within their communities!" This acquisition marks an exciting step forward in Subsplash's mission of equipping every church to engage more people through technology by transforming sermons into dynamic, discoverable content that reaches people every day of the week—anywhere, anytime. Pastors and church leaders can leverage the Subsplash Platform—mobile apps, online giving, live streaming, websites, media delivery, events management, communication tools, and more—now paired with the power of AI making it simple to upload sermons and automatically create a suite of content—from video clips for social media to study guides for small groups, sermon recaps, weekly newsletters, and more. "The Church should be at the forefront of innovation and creativity," said Turner. "We can't wait to see how this acquisition helps amplify the gospel message and, by the grace of Jesus, we'll never stop innovating for His Church." With Subsplash & Pulpit AI's advanced tools, pastors can save valuable time while broadening the reach and impact of their messages. By enabling church leaders to repurpose their sermons quickly and effectively, Subsplash aims to enhance engagement with each sermon created, connecting congregations with meaningful content throughout the week. About Subsplash Subsplash is the industry leader in Fintech and mobile SaaS with an award-winning digital engagement platform used by over 20,000 leading churches and ministries around the world. Subsplash is passionate about helping mission-minded organizations engage their audiences through centralized, easy-to-manage systems. As the creators of the Ultimate Engagement PlatformTM, they're dedicated to delivering delight to millions of people through custom mobile apps, websites, live streaming, media hosting delivery, online giving, events management, communication tools, and more. View original content to download multimedia: https://www.prnewswire.com/news-releases/subsplash-acquires-pulpit-ai-an-innovative-platform-leveraging-ai-to-help-streamline-content-creation--boost-sermon-engagement-for-churches-302320167.html SOURCE SubsplashPriyanka retains Wayanad LS seat for Congress with huge margin of 4.1lakh votes

Report: Three teams have spoken to Cubs about a Cody Bellinger trade"Stamp Of Approval": Raghav Chadha On AAP's Big Win In Punjab Bypolls

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What will Elon Musk’s “DOGE” mean for America’s social safety net? That was the question on the minds of many as Musk and Vivek Ramaswamy to present their vision for the “Department of Government Efficiency” to Congress. Billed as a bipartisan meeting to which all senators and representatives were invited, it was in reality mostly attended by Republicans. But the short answer to what DOGE means after Thursday: Nobody knows. Musk and Ramaswamy of the House GOP as well as Marjorie Taylor Greene, chair of the to-be-formed “DOGE” subcommittee in Congress, ahead of the presentation Thursday afternoon. The two were tight-lipped as they passed reporters, with Musk answering just one question — turning and giving an emphatic “yes!” to a shouted question from the pool regarding whether he wanted to see more Democrats join the effort. That was a general theme of the day. Republicans who talked to a large scrum of reporters gathered outside of the closed-door meetings gave little in the way of details as to how the federal budget would be reduced, instead pivoting towards expressing their excitement at the arrival of Musk, the newest member of Donald Trump’s inner circle. The most frequently cited example of “waste” was a survey out this week reporting that the vast majority of federal workers are now in hybrid or primarily work-from-home roles. Speaker Mike Johnson at a scheduled presser ahead of the presentation by Musk and Ramaswamy, but even he said that there would be little in terms of real substance released to the press today. “They're innovators and they're forward thinkers, and so that's what we need right now,” Johnson said of Musk and Ramaswamy. “We need to make government more efficient. And that is what this whole objective is. It's what the DOGE effort will be about. You're going to see a bicameral cooperation, and it will be, by the way, bipartisan.” He pointed to he said had already come forward to join the effort. But he dodged a question regarding whether it was truly feasible to make such deep cuts to the federal budget without touching Social Security, Medicare or Medicaid, the bulk of America’s medical and financial safety net for low-income and older citizens. Other Republican committee chairs who filed in and out of both meetings similarly dodged such questions, though a few were willing to address the question of the safety net and entitlement reform directly. “If we don't reform them, then potential retirees will not have them,” said Rep. Kevin Hern, a member of the House Ways and Means Committee’s sub-panel on Health. Alabama senator Katie Britt gave a quick rundown of her own frustrations with the federal government, which included failures to pay down the national debt and delays on the passage of major pieces of legislation including the Farm Bill. “I’m excited for him to be here,” Britt told reporters of Musk as she entered. Greene told reporters that she and Musk had spoken about how Congress could work to address national debt, which she called “unsustainable.” “To quote Elon, he said something extremely important. Every single payment that the federal government pays out, we need to be checking those payments to see if they're legitimate and that’s something that hasn't been done,” she said on Thursday after her meeting with the Tesla/Twitter CEO. “I am looking forward to exposing every single unelected bureaucrat, every single agency that is wasting the American people's money, and the big government departments that need to be exposed for how they're not serving the American people,” she added.

WELLINGTON, New Zealand (AP) — A ban on New Zealanders wearing or displaying symbols of gang affiliation in public took effect on Thursday, with police officers making their first arrest for a breach of the law three minutes later. The man was driving with gang insignia displayed on the dashboard of his car and was among more than a dozen people arrested or summoned to appear in court for exhibiting such symbols since the law took force, New Zealand’s police said Friday. The prohibition on displaying gang insignia anywhere outside private homes, including on clothing or in vehicles, is among a suite of new measures intended to bolster police powers to disrupt the groups. Wearing or displaying the insignia of 35 listed gangs will now prompt a fine of up to 5,000 New Zealand dollars ($2,940) or up to six months in jail. New Zealand’s center-right government, which pledged ahead of last October’s election to tackle gang crime, says the measures will reduce the membership of groups responsible for violence and drug offenses. But detractors say the law breaches civil liberties and could drive gang activities underground. "Gangs aren’t community groups. They’re not a Rotary club," Prime Minister Christopher Luxon wrote on social media Thursday. “They thrive on destroying the lives of other New Zealanders, whether that’s by peddling drugs or through brutal acts of violence that leave communities in fear.” Under the new law, officers can also disperse public gatherings of three or more members, bar some gang affiliates from associating with each other, and enter homes of those who keep breaking the law to search for banned items. Gang membership will now be considered by the courts when sentencing offenders. Police Minister Mark Mitchell told reporters Thursday that two people were arrested hours after the law took effect for wearing gang “patches,” which are large insignia often worn by gang members on the backs of leather jackets or vests. The government says the patches are intimidating because members are required to earn them through violent acts. The measures shift New Zealand's response to gangs closer to that of neighboring Australia, which also uses a law to suppress the public visibility of gangs, and away from jurisdictions like the U.S. and Britain, which use criminal law to respond to specific activities carried out by organized crime groups, according to a report published by Treasury officials in February. Facial tattoos that display gang insignia are exempt from the ban, as is the wearing of gang colors. The government was criticized by some for not including white supremacist groups in its list of 35 organizations targeted by the new law. That means displaying swastikas and making Nazi salutes remains legal in New Zealand -– unlike in Australia, which banned both in a law that took effect in January. There are nearly 9,400 people on a New Zealand police list of known gang members. New Zealand’s population is 5 million. Successive governments have vowed to tackle criminal gangs, which often are linked to poverty and other deprivation. The previous center-left government was decried by Luxon’s administration for working with gangs on social initiatives, including COVID-19 vaccination efforts, while the current government has been denounced for advancing policies that are likely to ensnare some of New Zealand’s most marginalized groups, including Indigenous Māori. Official reports say three-quarters of those on the national gang list are Māori, who make up less than 20% of New Zealanders, and that 80% to 90% of those in two of the most notorious gangs are former wards of the state. Luxon made a formal apology this month for the widespread abuse of children and vulnerable adults in state care over the past seven decades.

‘Wheel of Fortune’ Contestant Devastated by Botched $75k Bonus Round Despite Big Boost

Kucher Law Group Releases Insightful Article on Passenger Compensation in Car Accident Cases 12-05-2024 10:48 PM CET | Politics, Law & Society Press release from: ABNewswire Kucher Law Group, led by Brooklyn car accident attorney Samantha Kucher ( https://www.rrklawgroup.com/how-much-money-can-a-passenger-in-a-car-accident-get/ ), recently published an article explaining the factors that impact compensation for passengers injured in car accidents. In the article, Kucher provides critical insights into the rights of passengers involved in vehicle accidents, focusing on the specific compensatory opportunities and limitations they may face under New York law. The article details how New York's no-fault insurance regulations impact initial compensation and offers a clear roadmap for passengers seeking fair recovery for more serious injuries. The Brooklyn car accident attorney highlights that, under New York's no-fault insurance system, passengers injured in a car accident are generally entitled to coverage for immediate medical expenses and lost wages. However, for passengers with significant injuries, additional compensation beyond these initial amounts may be pursued through personal injury claims. Kucher Law Group stresses that determining the appropriate compensation can be complex, as it depends on numerous factors, including injury severity and the available insurance coverage for those involved. Brooklyn car accident attorney Samantha Kucher, of Kucher Law Group, points out that for passengers seriously injured, understanding New York's personal injury threshold is key. Kucher writes, "To file a lawsuit for non-economic damages beyond the basic no-fault Personal Injury Protection (PIP) benefits, passengers must meet a threshold of 'serious injury' under New York law." Serious injuries, such as fractures or significant limitations of body functions, often entitle passengers to additional compensation, making it essential for them to recognize their rights within the scope of state laws. According to Kucher, several elements impact the level of compensation a passenger may receive. Severity of injuries and the scope of medical care required are primary considerations, with more severe injuries, such as head trauma or spinal cord damage, often resulting in higher settlements due to the costs associated with long-term recovery and rehabilitation. The Brooklyn car accident attorney also underscores the importance of adequate insurance coverage in securing comprehensive compensation. New York's laws mandate minimum coverage amounts, yet passengers can sometimes face limits on compensation if the at-fault driver's insurance is insufficient. Comparative negligence is another important factor that affects passenger compensation, according to Kucher. While passengers are generally not responsible for an accident, certain actions, such as failing to wear a seatbelt, can lead to a reduction in compensation under New York's comparative negligence laws. "Even if a passenger is found partially at fault for their injuries, they can still recover damages, although their compensation will be reduced by the percentage of fault attributed to them," Kucher explains. This understanding of comparative negligence can allow injured passengers to pursue a claim even if their actions contributed to the outcome in minor ways. Kucher's article discusses the specific types of economic and non-economic damages that passengers can seek in the aftermath of an accident. Economic damages cover medical expenses, lost wages, and any property damage sustained during the crash. Medical costs often represent the largest portion of economic damages, with expenses covering emergency care, surgeries, and ongoing treatment if needed. In cases where a passenger's injuries prevent a return to work, claims can also include lost future wages or diminished earning capacity. Non-economic damages, as Kucher notes, provide compensation for the emotional and physical toll that injuries may have on a passenger's quality of life. This can include pain and suffering, permanent disability, and loss of enjoyment in daily activities. In cases involving the tragic loss of life, families may seek damages for funeral expenses as well as for loss of companionship. Kucher highlights that non-economic damages aim to recognize the less visible, but equally impactful, losses a passenger may experience as a result of severe injuries or long-term disability. For passengers injured in car accidents, understanding their rights and the compensation process is crucial. Samantha Kucher's article offers essential guidance on managing New York's no-fault insurance system, personal injury thresholds, and statutes that impact recovery opportunities. Kucher's analysis underscores the importance of consulting a knowledgeable Brooklyn car accident attorney to secure the best possible outcome and help ensure all claims are filed within legal deadlines. With complex insurance laws and considerations such as comparative negligence in play, injured passengers stand to benefit from professional legal support. About Kucher Law Group: Kucher Law Group, based in Brooklyn, New York, is committed to advocating for individuals injured in car accidents, including those who suffer as passengers. The firm can offer dedicated support in tackling New York's no-fault insurance system and personal injury laws. With a client-centered approach, Kucher Law Group strives to secure the best possible outcomes for accident victims, empowering them to receive the compensation necessary for medical expenses, lost wages, and emotional recovery. Embeds: Youtube Video: https://www.youtube.com/watch?v=LqnIyYkckqI GMB: https://www.google.com/maps?cid=5716384493669715397 Email and website Email: contact@rrklawgroup.com Website: https://www.rrklawgroup.com/brooklyn-personal-injury-attorney/ Media Contact Company Name: Kucher Law Group Contact Person: Samantha Kucher Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=kucher-law-group-releases-insightful-article-on-passenger-compensation-in-car-accident-cases ] Phone: (929) 563-6780 Address:463 Pulaski St #1c City: Brooklyn State: New York 11221 Country: United States Website: https://www.rrklawgroup.com/brooklyn-personal-injury-attorney/ This release was published on openPR.The Prime Minister insisted the UK will back Ukraine “for as long as it takes” as he made a speech at the Lord Mayor’s Banquet in London, but for the first time acknowledged the conflict could move towards a negotiated end. Ukrainian President Volodymyr Zelensky has in recent weeks suggested he is open to a possible ceasefire with Vladimir Putin’s Russia. Kyiv and its European allies meanwhile fear the advent of Donald Trump’s return to the White House could result in American aid being halted. President-elect Trump has said he would prefer to move towards a peace deal, and has claimed he could end the conflict on “day one” of his time in power. As he attempts to strike up a good relationship with the incoming president, Sir Keir revealed he had told Mr Trump the UK “will invest more deeply than ever in this transatlantic bond with our American friends in the years to come”. In his speech at London’s Guildhall, the Prime Minister said there is “no question it is right we support Ukraine”, as the UK’s aid to Kyiv is “deeply in our self-interest”. Allowing Russia to win the war would mean “other autocrats would believe they can follow Putin’s example,” he warned. Sir Keir added: “So we must continue to back Ukraine and do what it takes to support their self-defence for as long as it takes. “To put Ukraine in the strongest possible position for negotiations so they can secure a just and lasting peace on their terms that guarantees their security, independence, and right to choose their own future.” Mr Zelensky told Sky News over the weekend he would be open to speaking with Mr Putin, but branded the Russian president a “terrorist”. He also suggested Ukrainian territory under his control should be taken under the “Nato umbrella” to try to stop the “hot stage” of the war with Russia. In a banquet speech focused on foreign affairs, the Prime Minister said it was “plain wrong” to suggest the UK must choose between its allies, adding: “I reject it utterly. “(Clement) Attlee did not choose between allies. (Winston) Churchill did not choose. “The national interest demands that we work with both.” Sir Keir said the UK and the US were “intertwined” when it came to commerce, technology and security. The Prime Minister added: “That’s why, when President Trump graciously hosted me for dinner in Trump Tower, I told him that we will invest more deeply than ever in this transatlantic bond with our American friends in the years to come.” He also repeated his commitment to “rebuild our ties with Europe” and insisted he was right to try to build closer links with China. “It is remarkable that until I met President Xi last month there had been no face-to-face meeting between British and Chinese leaders for six years,” the Prime Minister said. “We can’t simply look the other way. We need to engage. To co-operate, to compete and to challenge on growth, on security concerns, on climate as well as addressing our differences in a full and frank way on issues like Hong Kong, human rights, and sanctions on our parliamentarians,” he added. The Prime Minister said he wants Britain’s role in the world to be that of “a constant and responsible actor in turbulent times”. He added: “To be the soundest ally and to be determined, always, in everything we do. “Every exchange we have with other nations, every agreement we enter into to deliver for the British people and show, beyond doubt, that Britain is back.” Ahead of Sir Keir’s speech, Lord Mayor Alastair King urged the Prime Minister and his Government to loosen regulations on the City of London to help it maintain its competitive edge. In an echo of Sir Keir’s commitment to drive the UK’s economic growth, the Lord Mayor said: “The idealist will dream of growth, but the pragmatist understands that our most effective machinery to drive growth is here in the City, in the hands of some of the brightest and most committed people that you will find anywhere in the world.”

Kompany sees promise in Bayern's performance despite Cup exit‘Wheel of Fortune’ Contestant Devastated by Botched $75k Bonus Round Despite Big BoostHear ye, hear ye, the official town crier of Sidney, B.C. is set to hang up his hat after more than 20 years in the role. Kenny Podmore, the official town crier of the municipality, is retiring after lending his vocal talents to the community for more than two decades – first as the Deputy Town Crier in 1998, then as the Official Town Crier in 2003. “Throughout this time, he approached his role with professionalism and passion,” said Sidney Mayor Cliff McNeil-Smith in a statement to CHEK News on Thursday. “By sharing his unique gifts as an orator with the community, Kenny enhanced countless local events and ceremonies.” In a social media post Wednesday , the town said that Podmore’s “captivating voice and presence” helped elevate countless parades, events, and openings of new facilities and businesses. The municipality says it’s planning to hold an event to celebrate his retirement sometime in early 2025, though an exact date has not been set yet. The town says details will be released in the near future. “Kenny Podmore’s outstanding service as Sidney’s Official Town Crier has been greatly appreciated by Council, Town staff, and community members,” said the mayor. “We thank Kenny for his dedication and long service to our community.” SEE ALSO: Duncan eliminates town crier positionEdmontonian Jibril Ibrahim recalls his sticker shock when he discovered sending medicine to his cousin in Somalia during the pandemic would cost him $400. It's just one example of the exorbitant fees Somali-Canadians pay to send urgently needed packages and money depended on by loved ones in a country recovering from decades of civil war. One reason why the cost is so high is that many houses lack formal addresses, Ibrahim said, which is also a massive barrier to governance, security and economic growth. The dilemma inspired Ibrahim to apply his know-how as a professional engineer and community advocate in collaboration with other Somali-Canadians to develop a system that assigns properties in Somalia with a standardized, unique and verifiable address. Now, three years later, Karaar Digital Address (KDA), Ibrahim's Edmonton-based startup has pledges of support from several states in Somalia and has run multiple test pilots in in the country. KDA has also established offices in Minneapolis and Mogadishu. "Now you have a system in place on the ground that will deliver those things to people in need," Ibrahim said in an interview earlier this month. "This will be significant in terms of people helping their loved ones back in Somalia, but also for Somali-Canadians who want to do business in Somalia." Why Somali Canadians are footing more of the bill for the climate crisis in Africa When civil war broke out in 1991, Somalia's postal system collapsed. Attempts to revive it have been hindered by the lack of a robust road system typically used to generate addresses, Ibrahim said. That's where KDA comes in. Users simply download the app to claim an address that is navigable via Google or Apple maps. The address is finalized by a team that visits the home to verify the identity of residents. 'Game-changer' Ibrahim expects KDA's system to transform life in Somalia. He said the platform can help governments register voters and collect taxes which would improve service delivery and infrastructure, while the collection of census data could pinpoint where resources should be distributed, and fine-tune emergency responses. Jibril Ibrahim says KDA's platform is designed to transform governance, security and the economy in Somalia while increasing opportunities for Somali-Canadians to do business abroad. (Submitted by Jibril Ibrahim) Establishing the system would also usher in a wave of new opportunities for entrepreneurs and job-seekers, according to Ibrahim, in areas including e-commerce, finance, transportation, deliveries, logistics and telecommunications. "This will be a game-changer in terms of how business is done in Somalia and the rest of the East African countries as well," Ibrahim said, adding that KDA has developed similar systems for neighbouring countries including Kenya, Ethiopia, Djibouti and South Sudan. An increase in personal wealth and government services has another advantage: a reduced reliance on money sent from abroad, meaning it could dramatically reduce the financial burden on members of the Somali diaspora worldwide. 'Gold mine' of opportunity The Canadian Black Chamber of Commerce says KDA's venture highlights how Alberta is well-positioned to capitalize on business opportunities in Africa given the province's rapidly growing population of African heritage. "They know the potential, opportunities and environment — the needs and pain points," said Kemi Bolatito-Bello, head of the chamber's Edmonton chapter. "Opportunities in Africa are a gold mine because the advancement of technology is still very, very small. It's a very green space for those that want to go in early and invest." Bolatito-Bello herself has founded two businesses in Edmonton since immigrating from Nigeria with her family in 2015. Her latest venture, Scooly — an AI global immigration marketplace that connects students and immigrants to legal visa experts — was developed with the Alberta Catalyzer, a program for tech entrepreneurs. Kemi Bolatito-Bello described the business opportunities in Africa as a gold mine and win-win scenario for Canadians and Africans alike. (Submitted by Scooly) Bolatito-Bello praised the efforts of the Alberta government to attract investment and open up the province to international opportunity, while investing heavily in the technology sector. She hopes to see the province increase representation on the ground in Africa, to maximize business opportunities. She also wants the government to invest more in private companies so they don't move elsewhere to access funding to expand. She said doing business in Africa is a win-win scenario, fostering the development of African countries by providing well-paying jobs and transferring knowledge while also cutting the cost of labour for Albertan companies. Alberta in Africa Alberta's trade with Africa in 2023 totalled nearly $859 million, Alberta's minister of jobs, economy and trade, Matt Jones said in an emailed statement to CBC News. Top export markets were Morocco at $156.3 million and Nigeria at $140.8 million. Jones said between 2022 and 2023, Alberta's exports to Africa increased by more than 38 percent and Alberta engages with more than 90 percent of African countries. "We are working with Alberta's various communities and their businesses to open new pathways for Alberta businesses in Africa," Jones said. "Alberta is actively engaging with markets in Africa by fostering trade partnerships and promoting investment opportunities through targeted missions and trade agreements."

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Harry Kane's trophy woes continues as Bayern Munich team-mate sets unwanted recordNone‘Wheel of Fortune’ Contestant Devastated by Botched $75k Bonus Round Despite Big Boost

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