New York, NY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Globalink Investment Inc. (Nasdaq: GLLI, GLLIW, GLLIR, GLLIU) (" Globalink ” or the " Company ”), a special purpose acquisition company, announced today that its stockholders approved amendments to its charter and trust agreement to extend the deadline to complete its initial business combination and change the structure and cost of such extensions. Under the amended charter, Globalink may extend the deadline to complete its initial business combination by up to six (6) monthly extensions, from December 9, 2024 to June 9, 2025 by depositing $60,000 into its trust account (the " Trust Account ”) with Continental Stock Transfer and Trust Company (" Continental ”). Globalink's stockholders, at a special meeting of its stockholders held on December 3, 2024, approved an amendment to Globalink's Amended and Restated Certificate of Incorporation, as amended (the " Charter Amendment ”), and Globalink's Investment Management Trust Agreement, as amended, originally entered into on December 6, 2021 with Continental (the " Trust Agreement Amendment ”) to extend the deadline to complete Globalink's initial business combination from December 9, 2024 to up to June 9, 2025 for up to six times of monthly extensions, by depositing into the Trust Account $60,000 prior to each one-month extension. The Charter Amendment triggered a right of Globalink's public stockholders to demand the redemption of their public shares out of funds held in the Trust Account. Holders of 2,285,056 public shares properly requested redemption leaving 277,511 public shares outstanding. After payment of the redemption price to the redeeming public shareholders of approximately $11.77 per share for an aggregate of $26.89 million, Globalink will have approximately $3.27 million left in its Trust Account. As a consequence of the adoption of the Charter Amendment and the Trust Agreement Amendment and the redemptions, Globalink can now obtain up to six monthly extensions, or up until June 9, 2025, to complete its initial business combination at a cost of $60,000 per extension. About Globalink Investment Inc. Globalink is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region, Globalink intends to pursue targets in North America, Europe, South East Asia, and Asia (excluding China, Hong Kong and Macau) in the technology industry, specifically within the medical technology and green energy sectors. Cautionary Statement Regarding Forward-Looking Statements Certain statements in this press release are "forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. In some cases, forward-looking statements can be identified by terminology such as "may,” "will,” "could,” "would,” "should,” "expect,” "plan,” "anticipate,” "intend,” "believe,” "estimate,” "predict,” "potential,” "outlook,” "guidance” or the negative of those terms or other comparable terminology. These statements are based on the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those in the forward-looking statements, many of which are outside of the Company's control. These factors include, but are not limited to, a variety of risk factors affecting the Company's business and prospects, see the section titled "Risk Factors” in the Company's Prospectus filed with the SEC on December 6, 2021 and subsequent reports filed with the SEC, as amended from time to time. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Globalink Contact: Say Leong Lim Globalink Investment Inc. Telephone: +6012 405 0015 Email: [email protected]321 crore project to boost Dibrugarh’s flood defence
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Trudeau says dealing with Trump will be ‘a little more challenging’ than last timeNoneEmbecta ( NASDAQ:EMBC – Get Free Report ) and RenovaCare ( OTCMKTS:RCAR – Get Free Report ) are both small-cap medical companies, but which is the better business? We will compare the two companies based on the strength of their profitability, valuation, dividends, earnings, analyst recommendations, institutional ownership and risk. Profitability This table compares Embecta and RenovaCare’s net margins, return on equity and return on assets. Volatility & Risk Embecta has a beta of 0.97, indicating that its share price is 3% less volatile than the S&P 500. Comparatively, RenovaCare has a beta of -99.34, indicating that its share price is 10,034% less volatile than the S&P 500. Analyst Recommendations Embecta currently has a consensus price target of $19.00, suggesting a potential downside of 8.79%. Given RenovaCare’s higher probable upside, analysts clearly believe RenovaCare is more favorable than Embecta. Institutional & Insider Ownership 93.8% of Embecta shares are held by institutional investors. 0.3% of Embecta shares are held by company insiders. Comparatively, 0.9% of RenovaCare shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth. Earnings & Valuation This table compares Embecta and RenovaCare”s revenue, earnings per share and valuation. Embecta has higher revenue and earnings than RenovaCare. Summary Embecta beats RenovaCare on 8 of the 11 factors compared between the two stocks. About Embecta ( Get Free Report ) Embecta Corp., a medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes. Its products include pen needles, syringes, and safety injection devices, as well as digital applications to assist people with managing patient's diabetes. The company primarily sells its products to wholesalers and distributors in the United States and internationally. Embecta Corp. was founded in 1924 and is headquartered in Parsippany, New Jersey. About RenovaCare ( Get Free Report ) RenovaCare, Inc., a development-stage biotech and medical device company, focuses on the research, development, and commercialization of autologous cellular therapies for use in medical and aesthetic applications. It is developing CellMist System, a treatment methodology for cell isolation for the regeneration of human skin cells; and SkinGun, a solution sprayer device for delivering the cells to the treatment area. RenovaCare, Inc. has a strategic collaboration StemCell Systems GmbH for isolating and spraying self-donated stem cells to regenerate tissues and organs. The company was formerly known as Janus Resources, Inc. and changed its name RenovaCare, Inc.,to RenovaCare, Inc. in January 2014. RenovaCare, Inc. was incorporated in 1983 and is based in Scottsdale, Arizona. Receive News & Ratings for Embecta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Embecta and related companies with MarketBeat.com's FREE daily email newsletter .
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NoneAt the beginning of this year, the Mirror launched a campaign to demand justice for victims of domestic violence . Each week, two women die and thousands more suffer physical or mental abuse at the hands of their husbands or partners. Our Justice for our Daughters campaign was set up to ensure anyone guilty of such crimes receives the punishment they deserve. In a significant breakthrough, the Ministry of Justice has now ordered judges to consider stronger sentences for murders involving strangulation or when the killing is connected to the end of a relationship.Ministers have also instructed the Law Commission to review sentences for homicide to end the anomaly whereby someone who kills someone with a weapon in the home gets a shorter mandatory sentence than the same crime outside of a domestic setting. These two measures were key demands of our campaign. But we will keep campaigning until there is a justice system that truly serves victims of domestic homicide and abuse. Peer pressure Tory peer Lord Rami Ranger was yesterday stripped of his CBE after the standards watchdog found he bullied and harassed a journalist. If his behaviour merits losing an honour, you would think it would also merit him being drummed out of a political party. But the Conservatives restored the whip to the peer. Many will question whether the fact he has given £1.5million to the party through his companies influenced the decision. After all, the Tories have form. They continue to accept donations from Frank Hester despite his comments about Diane Abbott, which the leadership agreed were “racist and wrong”. Welcome sight The Princess of Wales looked a picture of health as she arrived for her carol service in Westminster Abbey. Her beaming smile added even more Christmas cheer to the occasion.
It’s been decades in the making. On Friday, European Commission President Ursula von der Leyen announced that the European Union (EU) and Mercosur, the South American economic bloc comprising Argentina, Bolivia, Brazil, Paraguay, and Uruguay, had struck a major trade agreement. The deal, which would create a free trade area covering more than 780 million people, came over vocal opposition from France and still needs to be approved by a qualified majority of EU member states and by a majority in the European Parliament before it goes into effect. What are the economic and political implications of this massive trade agreement? And what hurdles remain before it can be finalized and implemented? Our experts freely exchange their insights below. 1. Why is the deal moving forward now? On the one hand, this agreement has been in process for a long time, so at some point, the EU just has to move forward, and a fresh start with a new European Commission is a good excuse and as good a time as any. On the other hand, it’s hard to ignore that the main opponent of the agreement, France, is in a weak position politically, as is Germany, and that the portfolio structure of the new Commission gives von der Leyen more power to advance her priorities. Therefore, there is likely an element of “striking while the iron is hot” to the timing of the agreement. — L. Daniel Mullaney is a nonresident senior fellow with the Atlantic Council’s Europe Center and GeoEconomics Center. He served as assistant US trade representative for Europe and the Middle East in the Office of the United States Trade Representative from 2010 to 2023. Both sides clearly felt the global circumstances made the deal even more important for their respective interests. From an EU perspective, it’s about having new destinations for EU exports if President-elect Donald Trump raises US tariffs and the Chinese economic slump continues. More broadly, it’s a win for the EU’s longstanding approach to economic security: instead of using economic coercion, the EU prefers to use the attractiveness of its single market to secure bilateral deals on market access. But this approach has become less and less fashionable, including in the EU, so von der Leyen felt the months ahead were the last chance to get a Mercosur deal ratified. But its passage is still far from certain. — Charles Lichfield is the deputy director and C. Boyden Gray senior fellow of the Atlantic Council’s GeoEconomics Center. The deal is moving forward now in large part because the negotiations have produced a text that most parties believe they can live with; the deal is “ripe,” so to say. But three other factors have been influential in why the deal is being signed right now: The most vocal opponent of the deal, French President Emmanuel Macron, has been politically wounded, perhaps mortally, by the collapse of Prime Minister Michel Barnier’s government, although it remains to be seen whether he can marshal a blocking minority in the European Council. Von der Leyen is in a strong political position, and she knows there will be opposition, so she might as well get this done early in her term. This also allows her to give a gift to the country she knows best—Germany—which looks to the Mercosur countries as a valuable market. The Commission is well aware that it needs to be seen as engaging with developing countries, and it needs to bring them on as economic and political partners, especially as relations with the United States could become difficult. If you see this as, in part, a signal to Trump, you are probably right. — Frances Burwell is a distinguished fellow at the Atlantic Council’s Europe Center and a senior director at McLarty Associates. The current geopolitical landscape—marked by rising global protectionism and economic uncertainties—has created momentum for finalizing the deal. Both blocs view this agreement as a strategic move to bolster economic ties and secure a stronger position in global trade. — Abrão Neto is a nonresident fellow with the Atlantic Council’s Adrienne Arsht Latin America Center and a former secretary of foreign trade of Brazil. 2. What are the pros and cons for Mercosur members? For Mercosur nations, the agreement unlocks significant access to the European market, a major importer of key Mercosur exports, such as food and critical minerals. It also positions these economies to attract greater investment, driven by the EU’s stringent criteria. On the other hand, the influx of European manufactured goods will challenge Mercosur industries to modernize, digitalize, and boost efficiency to stay competitive. — Valentina Sader is a deputy director at the Atlantic Council’s Adrienne Arsht Latin America Center, where she leads the Center’s work on Brazil, gender equality, and diversity, and manages the Center’s Advisory Council. The agreement improves market access for Mercosur exports, reduces costs for importing essential inputs and machinery, attracts foreign investment, and fosters economic growth and job creation. However, local industries might face heightened competition from EU manufacturers, and there is concern that EU-imposed environmental and sustainability standards could disproportionately affect Mercosur producers, potentially offsetting some benefits. — Abrão Neto 3. What are the pros and cons for the EU and EU member states? Improving trade integration with a significant part of the Western Hemisphere will be a useful diversification of the EU trade portfolio, as US-China and US-EU trade relations shift to a potentially more disruptive period with the incoming US administration. The other side of the coin is that providing agricultural market access to Mercosur has been very controversial, particularly in France (whose government is weakened, perhaps only temporarily, by political challenges from the left and the right). Some of the “sustainability” practices in Mercosur countries have also drawn controversy. So while this may be a wise economic choice, it could trigger significant political backlash. —L. Daniel Mullaney The pros are clear. In addition to better market access terms to Latin America for EU goods, the bloc hopes to access the critical minerals available in the ground in Mercosur countries and stymie China’s increasing influence in that sector. The cons are supposedly a glut of cheap Argentine beef and Brazilian bananas. But there are tough quotas in the deal, including a limit equivalent to one Mercosur steak per EU citizen per year. So European farmers’ objections are not entirely justified, although the complaint that they have to follow more constraints (on emissions and the use of fertilizer and pesticides) than Mercosur farmers do is probably more reasonable. —Charles Lichfield This agreement has the potential to bring serious economic benefits to the EU in terms of new markets. In 2023, the EU had a slight trade surplus vis-à-vis Mercosur, and certain European countries had a significant surplus. Germany’s surplus was nine billion euros, Belgium’s was three billion euros, and even France had a two-billion-euro surplus. These countries are all in a position to benefit from the Mercosur arrangement. But in every trade deal, there are winners and losers, and clearly some of the losers in France, especially the farmers, are very powerful politically. It is also true that critics of Mercosur have ignored some of the provisions in the deal that answer their concerns, such as a ban on imports of hormone-fed beef. In this partisan environment, the economic advantages of the deal may be cancelled out by the political disadvantages. The signature today will only exacerbate the anger of those in Europe who believe the Commission acts in its own interests and fails to protect the interests of European citizens. While the German government and mainstream parties may support the EU-Mercosur arrangement, there are many in that country who feel left out economically and who are likely to see this as another reason to vote for a Euroskeptic party. Thus, while the agreement brings many economic benefits, these might be outweighed by the political costs. —Frances Burwell 4. What do the next steps look like for the deal? The process involves legal scrubbing, translation into multiple languages, formal signing, and ratification by national parliaments in both blocs. While this agreement represents a historic milestone, significant political and stakeholder debates are anticipated, presenting challenges before full implementation. — Abrão Neto In the EU, the next steps are a likely challenging process of approval from the member states and consent by the European Parliament. The debate over the positive and negative aspects of this initiative will play out very publicly among relatively new actors in the EU institutions and member states. In the meantime, France’s and Germany’s political challenges may or may not endure. Fasten your seat belts and pass the popcorn! —L. Daniel Mullaney Further reading
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I'M A Celebrity fans have branded the latest episode as the 'most emotional ever' and a 'hard watch'. Typically, the celebrities' emotions run high after spending three weeks in the Australian jungle. Viewers were left in tears during Friday's (December 6) episode as the stars shared emotional reunions with their loved ones. One person wrote on X: "I actually think this is the most emotional reunion episode ever, between them getting to see their kids and Oti's husband wow." Another added: "These families, they should be proud of them, aka this year's cast. "They have worked so hard and seeing them reunite, even for a second..." GK Barry shrieked when she found her mum Loretta sitting by the creek. The social media star declared: "I've missed you guys so much!" Meanwhile, Loretta told her daughter that everyone sent their love and she was doing "so well". She also described fellow campmate Reverend Richard Coles as a "calming influence" on GK. Referring to one of the duo's more memorable chats, Loretta joked: "Did you really have to talk about scissoring? "Everyone knows about that now!" A shocked Richard said as he reunited with his brother Will: "We've met in some funny places, haven't we? "But this is really the funniest of them all!" Will continued as he told Richard that his partner, Dickie, sent his love. While Richard opened up about his experience: "The people are great, we've had a really, really good time and everything that's worked, has worked because we've all come together." McFly's Danny Jones found his wife Georgia and excited son Cooper waiting for him. Cooper said: "I'm really excited to see my dad!" While Georgia added: "He's been doing amazing, he said he wanted to make you proud didn't he and show you how to be brave. "We think he's achieved that." Danny took the opportunity to wish Georgia a happy birthday, thrilled he could spend some time with her. A visibly emotional Danny later said: "That was the best surprise I think I've ever had in my life, just the best feeling." Elsewhere, a shocked Oti Mabuse stopped in her tracks as she found husband Marius. To mark their ten year anniversary, Marius had bought Oti a new ring - which she couldn't wait to try on. She responded: "This is exactly what I needed to spur me on until the end." As the couple parted ways, Oti said: "I love you." Coronation Street's Alan Halsall was treated to a visit from his older brother Stephen. With his daughter on his mind, one of the actor's first questions was: "How's Sienna?" To which Stephen replied: "Everyone's proud of you, Sienna's especially, she's watching every night." When it came time to say goodbye, Alan gave his brother a long final hug. He added: "Obviously give everyone my love but make sure you speak to Sienna and just tell her I miss her." Coleen Rooney walked out of the Bush Telegraph to find her mother Colette and sons Kai and Cass waiting for her in camp. i'm A Celebrity is back for its 24th series, with a batch of famous faces living in the Aussie jungle. The Sun's Jake Penkethman takes a look at the stars on the show this year.. Coleen Rooney - Arguably the most famous name in the camp, the leading WAG, known for her marriage to Wayne Rooney , has made a grand return to TV as she looks to put the Wagatha Christie scandal behind her. The Sun revealed the mum-of-four had bagged an eye-watering deal worth over £1.5million to be on the show this year making her the highest-paid contestant ever. Tulisa - The popstar and former X Factor judge has made her triumphant TV comeback by signing up to this year's I'm A Celeb after shunning TV shows for many years. Known for being a member of the trio, N-Dubz, Tulisa became a household name back in 2011 when she signed on to replace Cheryl on ITV show The X Factor in a multi-million pound deal. Alan Halsall - The actor, known for playing the long-running role of Tyrone Dobbs on ITV soap opera Coronation Street, was originally signed up to head Down Under last year but an operation threw his scheduled appearance off-course. Now he has become the latest Corrie star to win over both the viewers and his fellow celebrities. Melvin Odoom - The Radio DJ has become a regular face on TV screens after rising to fame with presenting roles on Kiss FM, BBC Radio 1 and 4Music. Melvin has already been for a spin on the Strictly dancefloor and co-hosted The Xtra Factor with Rochelle Humes in 2015 but now he is facing up to his biggest challenge yet - the Aussie jungle . GK Barry - The UK's biggest social media personality, GK, whose real name is Grace Keeling, has transformed her TikTok stardom into a lucrative career. Aside from her popular social media channels, she hosts the weekly podcast, Saving Grace, and regularly appears on ITV talk show, Loose Women. She has even gone on to endorse popular brands such as PrettyLittleThing, KFC and Ann Summers. Dean McCullough - A rising star amongst this year's bunch of celebs , Dean first achieved notability through his radio appearances on Gaydio and BBC Radio 1. He was chosen to join the BBC station permanently in 2021 and has featured prominently ever since. He has enjoyed a crossover to ITV over the past year thanks to his guest slots on Big Brother spin-off show, Late & Live. Oti Mabuse - The pro dancer has signed up to her latest TV show after making her way through the biggest programmes on the box. She originally found fame on Strictly Come Dancing but has since branched out into the world of TV judging with appearances on former BBC show The Greatest Dancer as well as her current role on ITV's Dancing On Ice . Danny Jones - The McFly star was drafted into the programme last minute as a replacement for Tommy Fury. Danny is the second member of McFly to enter the jungle , after Dougie Poynter won the show in 2011. He is also considered a rising star on ITV as he's now one of the mentors on their Saturday night talent show, The Voice , along with bandmate Tom Fletcher. Jane Moore - The Loose Women star and The Sun columnist is braving the creepy crawlies this year. The star is ready for a new challenge - having recently split from her husband . It will be Jane's first foray into reality TV with the telly favourite having always said no to reality shows in the past. Barry McGuigan - Former pro boxer Barry is the latest fighting champ to head Down Under following in the footsteps of Tony Bellew and Amir Khan. It comes after a tough few years for Irish star Barry, who lost his daughter Danika to bowel cancer . He told The Late Late Show in 2021: "She was such an intrinsic part of the family that every day we ache." Maura Higgins - The Irish TV beauty first found fame on Love Island where she found a brief connection with dancer Curtis Pritchard . Since then, she has competed on Dancing On Ice as well as hosting the Irish version of the beauty contest, Glow Up. Since last year, she has been working on building up her career in the US by being the social media correspondent and host of Aftersun to accompany Love Island USA. She even guest hosted an episode of the spin-off, Love Island Games, in place of Maya Jama last year. Rev. Richard Coles - Former BBC radio host the Rev Richard Coles is a late arrival on I’m A Celebrity , and he's ready to spill the beans on his former employer. The former Communards and Strictly star , said the BBC did not know its a**e from its elbow last year. An insider said: "Rev Coles will have a variety of tales to tell from his wild days as a pop star in the Eighties, through to performing on Strictly and his later life as a man of the cloth." Upon hugging his mum, cheeky Kai remarked: "She stinks!" Afterwards, the media personality wasted no time giving her loved ones a tour of camp - including the dunny and her bed. In an emotional goodbye, Coleen told her sons it was only a couple more days - and then the countdown to Christmas . I'm A Celebrity continues on ITV1 and ITVX.