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TORONTO — Canada's main stock index moved lower Monday, weighed down by energy stocks as the price of oil fell, while U.S. stock markets rose. The S&P/TSX composite index closed down 33.93 points at 25,410.35. In New York, the Dow Jones industrial average was up 440.06 points at 44,736.57. The S&P 500 index was up 18.03 points at 5,987.37, while the Nasdaq composite was up 51.19 points at 19,054.84. The Canadian dollar traded for 71.53 cents US compared with 71.54 cents US on Friday. The January crude oil contract was down US$2.30 at US$68.94 per barrel and the January natural gas contract was up 16 cents at US$3.44 per mmBTU. The December gold contract was down US$93.70 at US$2,618.50 an ounce and the March copper contract was up three cents at US$4.16 a pound. This report by The Canadian Press was first published Nov. 25, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian PressCyber City: Transforming Harare into a mini Dubai
Washington Commanders release 2023 first-round pick Emmanuel ForbesNone
Canucks visit the Red Wings after shootout winNEWCASTLE, England (AP) — Newcastle’s winning run in the English Premier League came to an abrupt end when goals from Thomas Souček and Aaron Wan-Bissaka gave West Ham a surprise 2-0 win at St. James’ Park on Monday. The Hammers rose into 14th place and the pressure on coach Julen Lopetegui was eased. The London club has been inconsistent all season and Monday’s win was just its fourth in 12 league games. West Ham was worth it in the end but the three points came courtesy of slack defending by the home side. Emerson whipped in an out-swinging corner after 10 minutes and, with Newcastle defenders rooted to the spot, Souček stole in to nod home the opener. Then eight minutes into the second half, captain Jarrod Bowen found Wan-Bissaka in the penalty box and he was left unchallenged and had time to fire an angled drive past Nick Pope. “The second goal ... if you settle on a lead it can come back to haunt you,” Bowen said. Newcastle brought on Harvey Barnes, and then Callum Wilson returned from a long-term back injury to make his first appearance of the season, but to no avail. “I said we needed a performance and we did that," Bowen said. “Newcastle always score at home so to keep them to a clean sheet and score twice ... it’s a tough place to come to. We did that perfectly.” The defeat ended a three-game winning streak for Newcastle and left the Saudi Arabia-owned club in ninth place, four points outside the top four. AP soccer: https://apnews.com/hub/soccer
Public access television stations across New Hampshire face growing uncertainty as their funding declines, forcing stations to seek new sources of revenue to support community television. Funding for the television stations derives from franchise fees, a charge that appears on a customer’s cable bill. They are an annual payment by a cable company to a municipality in exchange for the use of public property to operate its cable lines. But the ongoing preference by viewers to “cut the cord” and instead opt for streaming services, as well as a growing customer preference for more customized and cost-effective television options, have led to a dramatic decrease in cable subscriptions nationwide, including in the Granite State. Nashua Community Television, a city-owned station with four public-access channels, is currently working with the city's Board of Aldermen to cover “a sizable deficit” this fiscal year, said Pete Johnson, NCTV’s education channel access director. The station, which has a $600,000 operating budget, received $383,000 in franchise fee revenues this year — down nearly 7% from last fiscal year. “We took a pretty substantial hit this year,” Johnson said. “We knew this downturn was coming (but now) we’ve blown through our reserves.” For several years, the station supplemented its revenue with money from a surplus reserve, Johnson said. But that reserve is now depleted. Since 2017, cable subscriptions in the U.S. have declined annually by nearly 5% — from 96 million subscriptions to 68 million in 2024, according to IBISWorld, a global research firm. Comcast, the largest cable TV provider in New Hampshire and second-largest in the U.S., reported a nationwide loss of over 1.8 million cable subscribers between March 2023 and August 2024. In Nashua, the revenues from franchise fees have declined 21% since 2017, when the station received $483,000. The problem, said community television advocates, lies in the federal government’s funding rules for public access stations, which are 40 years old and outdated. “Consumers are switching to other services (through broadband) that are not regulated the same way as cable,” said Mike Wassenaar, president of the Alliance for Community Media, a national trade organization. “The irony is that there is more and more video being watched today but less and less money going toward the public stations that produce local content.” The funding conundrum Franchise fees are governed under the Cable Communications Act of 1984, which sets a national policy for the regulation of cable television communications. Under federal law, municipalities are entitled to a maximum of 5% of a cable operator’s gross revenues derived from cable subscriptions and related services, such as pay-per-view orders. In New Hampshire, the local government and cable provider negotiate the percentage of this fee when initiating or renewing a franchise agreement. Municipalities may use these revenues for a variety of local purposes, including to fund public, education and government access, or PEG, channels. “There should be a related public benefit in exchange for allowing private companies to make money off of public property,” said Owen Provencher, director of Derry Community Access Media and president of the N.H. Coalition of Community Media, a group of nearly 40 public access outlets in the state. But the federal rule allows a fee charged only to cable services, not to broadband providers. “The law hasn’t caught up to the industry,” Nick Lavallee, executive director of Merrimack TV, told the Town Council at a meeting Sept. 26. “One can purchase broadband and run streaming apps to access the same video content as cable television (without paying a franchise fee),” Wassenaar said. “It’s a problem across the country, and unless there’s a change in the federal law, this problem will still exist.” Community television advocates believe that federal law should expand the application of franchise fees to all companies that use public right-of-ways to deliver video content, including internet providers and streaming services. “The broadband and fiber optics lines are going over the same public right-of-ways as the cable one,” Provencher said in an interview. Meanwhile, community television stations are already serving a large and growing viewership on internet-based platforms, particularly due to the ability to stream recorded programs, several station managers said. Jason Cote, executive director of Manchester Public Television, said a live government meeting might draw between 75 and 100 viewers, whereas the video recording of that meeting online will receive “hundreds of views.” “I brought up 10 years ago that (internet providers) should be involved in funding public access stations,” Cote said. “The federal government should be saying that this service is essential for communities.” The COVID pandemic, in addition to accelerating the market shift toward video streaming, opened new opportunities for public access television to engage audiences. For example, Nashua Community TV began covering live school sporting events because the games were closed to the public, Johnson said. The station still provides live game coverage due to its popularity. “So we find ourselves busier than ever, because people have come to expect that kind of coverage,” Johnson said. “And those are things that we want to continue for the community.” ‘Not sustainable in the long term’ As revenues shrink, some stations are seeking support from their local governments. This includes requests for additional funding or proposals to raise the franchise fee rate. The Merrimack Town Council, at a meeting Sept. 26, discussed whether to include Merrimack TV in the town budget and fund it from local property taxes instead of franchise fees. The station’s franchise fee revenue this year — $368,000 — is 7% lower than in 2021, Town Manager Paul Micali told the council. A recent study projected that the station may be operating at a deficit in three years, based on the rate of declining funds and estimated cost increases. At the meeting, Micali proposed that the council increase the franchise fee rate, from the current 3.75% of cable revenues to 5%, when the agreement is up for renewal in 2029. This increase would not resolve the problem, though it would provide a few additional years of sustainability, Micali said. Several councilors expressed concern about increasing the burden on cable subscribers for a station accessed by the broader community. Among them was Thomas Koenig, who said, “I think that’s wrong. If we need to fund it, I think we (all) need to fund it.” The council has not yet made a decision on the station’s funding. More from this section On the Seacoast, Portsmouth Public Media TV which operates PPMtv, announced in July that its channel may shut down operations after 14 years unless the city council renegotiates a 2009 agreement with the station to increase its funding. Under that agreement, the city retains $360,000 of the annual franchise fee it receives from Comcast — 5% of the company’s cable revenues — and PPMtv receives the remainder of the revenue. In prior years, the station’s share has averaged roughly between $120,000 and $130,000, said Executive Director Chad Cordner. But in May, PPMtv learned that its funding share this year would be $86,000 — a 27% drop from 2023 — and that next year’s funding is projected to be a similar amount, Cordner said. The allotted funding is barely enough to pay Cordner’s full-time salary, $46,000, and the station’s two part-time employees, at $20,000 apiece, he said. “PPMtv is tremendously underfunded as compared to other stations,” Studio Operations Manager Jake Webb wrote in an online petition seeking community support. “A more equal split of this fee would allow PPMtv to continue to operate and even grow.” The station’s Youtube channel has 14,000 subscribers, and its video library has received 4 million total views, Cordner said. The station is seeking between $50,000 and $100,000 in additional franchise fee revenues to cover equipment and programming costs, including media education workshops and internships, Cordner said. Several city councilors, at a meeting Sept. 3, expressed reservations about increasing the station’s funding from a shrinking revenue source. “Even if we gave PPMtv 100% of the franchise fee, that is not sustainable in the long term because that (revenue) will go down significantly, " Councilor Kate Cook said at the meeting. The city’s franchise fees also fund a government channel that streams municipal meetings, which has a budget of over $200,000 a year, Cook said. The council directed city staff on Sept. 3 to present recommendations at a future council meeting for ways to sustainably fund PPMtv. State solutions Despite a strong consensus in support of changing the federal law, several industry members said that is unlikely to happen. Congress would need to approve any amendments to the Cable Communications Act. The political divide in Washington already makes bipartisanship difficult, Wassenaar noted. And many lawmakers would be reluctant to support a fee on Internet services, said Lauren-Glenn Davitian, public policy director at Center for Media & Democracy, a public media advocacy group based in Burlington, Vt. The Internet Tax Freedom Act, a federal law passed in 1998, prohibits state and local governments from imposing taxes directly on the internet or online activity, including taxes on email accounts or internet access. The law’s stated intent was to support the internet’s use as a commercial, educational and informational tool. Some states, including Vermont, Maine and Massachusetts, are taking steps to aid their public access stations through legislation or direct funding. Provencher said there is currently no legislation in New Hampshire pertaining to community television funding. In February, the Maine Legislature passed LD 1967, a law that allows municipalities to charge a franchise fee to any video service provider that uses a public right-of-way, regardless of the technology employed. The law requires any provider of video, audio or digital entertainment that owns or operates facilities in the public right-of-way to have an agreement with the municipality, said Tony Vigue, a public media advocate in Maine. The bill’s stated intent is to ensure that all providers of video services, regardless of the platform, receive equal treatment in respect to franchising and regulating. “Just because the technology has changed, the town still owns a public right-of-way,” Vigue said. The law, which was not signed by the governor, went into effect in August. The Maine Municipal Association and Maine Connectivity Authority are still drafting a standard agreement form for towns and cities to use, Vigue said. Massachusetts lawmakers are considering legislation that would levy fees on streaming companies like Netflix and Roku to help fund community media. Senate Bill 2771 proposes a 5% fee on digital streaming providers, based on a company’s gross annual revenue in the state. A portion of the fee would be distributed to municipalities to support their public access television programs. The bill, introduced last year, is still under review in the Massachusetts Senate. Vermont is considering a similar bill, S.181, which is currently under committee review in the House. That bill would also charge a 5% tax on a company’s statewide revenue. Though she would like to see a legislative plan, Davitian said she does not support a streaming tax, which would result in many consumers being charged more than once for the same use of a right-of-way, such as cable customers with add-on streaming channels. “There needs to be a tax on the infrastructure, not streaming (services),” Davitian said. A separate bill, proposing a $15-per-pole attachment tax for each fiber or copper line attached to a utility pole, was abandoned by the House Ways and Means Committee in February. The bill received heavy opposition from various stakeholders, including local telephone companies, which said they wouldn’t be able to afford the cost, Davitian said. In June, the Vermont Legislature approved a one-time appropriation of $1 million in this year’s budget to help Vermont’s community television stations absorb the impact of declining franchise fees. That money is intended to be a stopgap as legislators continue to seek a funding solution, Davitian said. “It was an interesting victory,” Davitian said. “We are happy to get the money, but we didn’t get to make a public policy.” The money will be distributed through the Vermont Access Network, an organization representing the state’s 24 public access media centers, which operate more than 80 local cable channels in the state. ••• These articles are being shared by partners in the Granite State News Collaborative. For more information, visit collaborativenh.org .Canucks visit the Red Wings after shootout win
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One key differentiating factor of being a cryptocurrency investor is that the markets never close. This is a 24/7 game, with trading open at all hours -- and some of the biggest moves often take place during Asian trading hours. The idea that money never sleeps is not lost on many traders with short-term positions in many tokens. And given the intense volatility in this sector, following the price action on even the most "stable" crypto projects isn't going to be possible for most investors (we have to sleep at some point). But for those doing a Sunday portfolio review, investors may notice that three of their potential holdings have skyrocketed since Friday's stock market close at 4 p.m. ET. Stellar ( XLM 7.87% ) , Polkadot ( DOT -1.65% ) , and NEAR Protocol ( NEAR 6.55% ) have surged 45.9%, 33.2% and 13.7%, respectively, as of 12:30 p.m. ET on Sunday, justifying a deeper look into what's driving these impressive moves. Key catalysts to watch Aside from marketwide macro drivers taking many tokens higher over the past weekend (the overall market capitalization of the entire crypto market continues to hover around an all-time high at $3.26 trillion), there are token-specific catalysts at play for each of these projects that investors certainly want to be aware of. In the case of Stellar and its very impressive surge of more than 45% this weekend, there's a particular growth catalyst investors are paying close attention to right now. In particular, a filing from Grayscale in regards to its Stellar Lumens Trust has sent investors scrambling to ramp up leveraged positions on the XLM token (Stellar's native crypto). In a 10-K filing on Friday, Grayscale announced that net inflows into the trust amounted to 10% over the past quarter, a number that clearly surprised the market. Investors looking for key fundamental catalysts as reasons to place bullish bets on top tokens are increasingly looking at supply and demand factors, with capital inflows into various investment vehicles remaining a key bellwether for how the market feels about a particular asset over a given period of time. Polkadot's weekend rally appears to be a continuation of strong momentum seen from Wednesday, when it was announced that Polkadot is exploring a blockchain integration with Cardano ( ADA -7.44% ) . Investors may note that Cardano's founder Charles Hoskinson has been tied to the Trump administration's plans to create the most crypto-friendly regulatory policies to date, so this tie-up is of particular interest to investors. Suppose Polkadot is able to reinforce its status as a leading network of connected blockchains, building this network with top-tier existing platforms like Cardano. In that case, growth expectations are likely to continue to improve. Investors appear to be pricing in much more significant network effects from this potential integration into the project's market capitalization, which currently sits at around $12 billion at the time of writing. Finally, NEAR Protocol is a unique crypto project, in that this particular token has not only benefited from many of the marketwide catalysts driving most cryptos higher since the outcome of the election was announced earlier this month, but it's also a top cloud and AI beneficiary in the crypto sector benefiting from broader tech-related tailwinds. This project has seen particularly strong TVL growth over the past month, and recently implemented sharding on its network in September to improve efficiency. If users and developers continue to flock to this layer 1 network as a result of the various improvements the NEAR Protocol team has made to its network, fundamental growth could be the key catalyst driving this token higher in the coming weeks and months. Bottom line Stellar, Polkadot , and NEAR Protocol may be three crypto projects investors don't pay enough attention to. I'd put myself into this category. I follow these tokens, but they don't get enough love for the sort of behind-the-scenes work that can drive investor returns. Each project has unique catalysts that could propel continued momentum over time. I wouldn't be surprised to see these three tokens atop the list of weekly movers through the end of the year, given the quality of these catalysts.Duke's Diaz: QB Murphy faces internal discipline for raising middle fingers in Virginia Tech win
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NoneEditor's Note: In an era marked by unprecedented global transformations, the world stands at a critical crossroads, grappling with deepening deficits in peace, development, security, and governance. As humanity faces unparalleled challenges during this tumultuous period, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, has put forth a solemn call to action through the Global Development Initiative (GDI), the Global Security Initiative (GSI), and the Global Civilization Initiative (GCI). The three pivotal initiatives address the pressing issues of our time, offering viable pathways and robust support for the building of a global community of shared future. Rooted in the rich historical experiences of the CPC's century-long struggle and infused with the wisdom of China's traditional culture, these initiatives are expected to unite the world in the pursuit of common progress and stability. To offer a deep understanding of the GDI, the GSI, and the GCI, and elaborate on their significance on a global scale, the Global Times is launching a series of articles featuring engaging stories and in-depth interviews to provide our readers with a comprehensive insight into the three initiatives. In this installment, we converse with artists and scholars from Latin America, exploring how the enhanced exchanges and mutual learning in the fields of literature, music, and art under the GCI proposed by President Xi are deepening the friendship between China and Latin America. Sculptures by Chinese artist Wu Weishan, titled "In Search of Wisdom - Confucius Asking Lao Tzu about the Tao," are displayed at Batlle Park in Montevideo, Uruguay, on May 29, 2024. Photo: Courtesy of the National Art Museum of China Chinese writer Ge Fei holds deep sentiments for Jorge Luis Borges. The Argentine writer had always been "a writer, poet, and scholar that I have full respect for. He is also renowned in novels, poetry, and literary theory, and no one in the world can deny this." Borges was an admirer of traditional Chinese culture. Chinese philosophy greatly influenced his works, such as "Kafka and His Precursors" and "The Garden of Forking Paths." He is the Latin American writer with the largest number of works translated into Chinese, and his work has significantly influenced Chinese authors including Yu Hua, Ma Yuan, and Sun Ganlu. His writing reflects his extensive knowledge of Chinese culture. In 1937, he published a review of the novel "Dream of the Red Chamber" by Cao Xueqin, one of the four classics of Chinese literature. Three years later, he published "The Book of Fantasy," featuring two translated episodes from "Red Chamber." In his essay "Kafka and his Precursors," he mentioned Tang dynasty poet Han Yu, and in the story "The Garden of Forking Paths," he again alluded to the "Red Chamber." While Borges never visited China, he made an invaluable contribution to the West's understanding and appreciation of China. In 2018, Chinese President Xi Jinping cited Borges in a signed article in an Argentine newspaper, writing that "the literary legend Jorge Luis Borges used Chinese allusions such as the butterfly dream of the philosopher Chuang Tzu and the Great Wall in his works, including The Paint Cane. And he indeed had a cherished Chinese paint cane in his possession." Numerous stories of exchanges between Chinese and Latin American writers including Borges are painting a vivid picture of mutual learning, a vivid practice of GCI proposed by President Xi, who stresses that promoting people-to-people exchanges and mutual learning is of great value in summoning the enormous wisdom and energy needed to advance the progress and development of human civilizations. The GCI can be a powerful engine for strengthening ties between China and Latin American countries by fostering cultural exchanges and direct cooperation between their people. Through projects that promote the exchange of cultural, educational, and artistic experiences, the GCI can serve as a bridge to build mutual understanding and bring the two regions closer, Ronnie Lins, director of the China-Brazil Center for Research and Business, told the Global Times. Twenty-three foreigners from nearly 20 countries, including the Chile, visit East China's Jiangsu Province, to experience local intangible cultural heritage, on July 10, 2024. Photo: VCG Tales of two peoples As an ancient Chinese poem reads, "If you have a friend afar who knows your heart, distance cannot keep you two apart." Although China and Latin America are far away from each other, the two peoples enjoy a long history of interactions and profound friendship. Recently, Enrique Teixeira, former Deputy Mayor of Campinas, Sao Paulo State, and more than 100 friendly personages from the Brazil-China Friendship Association, Sao Paulo University, Sao Paulo State University, and the Copacabana Fort Orchestra in Rio de Janeiro wrote to Xi, respectively, thanking the Chinese government, enterprises, and universities for their contributions to China-Brazil friendly exchanges and the improvement of local people's livelihoods. Founded in 2011, the Copacabana Fort Orchestra, made its first tour to China in September. The orchestra recruits young music enthusiasts aged 10 to 21 from various low-income communities in Rio de Janeiro. Thanks to the support of Chinese enterprises in Brazil, these young musicians regularly receive musical training. The orchestra has gained valuable development and has been recognized as an intangible cultural heritage of Rio de Janeiro State. "I believe that music is a universal language and a perfect medium for cultural exchange. By sharing Brazilian music and learning about Chinese music and culture, we aim to deepen mutual understanding between our countries. We hope that these exchanges will broaden the perspectives of our musicians and audiences, fostering a deeper appreciation for the shared qualities and values between cultures. For us, it is about building friendships and inspiring young musicians through a real connection with China," Marcia Melchior, founder and director of the Orchestra, told the Global Times. In Chile, Pablo Neruda, a Nobel Prize laureate in literature and a major poet in Chile, referred to China affectionately as a "great brother." Neruda made multiple visits to China and wrote poems such as Cancion de la Tierra China and El Viento de la Asia, in which he expressed his love and best wishes for China. His works have been widely read in China and have influenced many Chinese poets. Jose Venturelli (1924-88), a famous Chilean artist, lived in China for many years. He learned Chinese ink painting and created works such as the Yangtze River, which demonstrated his strong attachment to China. "These poems and paintings reflect the profound friendship between the two peoples," wrote President Xi in his signed article in a Chilean newspaper in 2016. In 2023, Chilean President Gabriel Boric kicked off an exhibition at the National Art Museum of China in Beijing, paying tribute to the Chilean artist Jose Venturelli for his contributions to the Chile-China friendship. "We have highlighted the pride we feel in having been the first country in South America to establish relations with China and, from there, a path was opened that we continue to broaden today and this path would surely not have been possible to open without Jose Venturelli," said Boric, adding that Venturelli was a man "who carries a message of peace to the world." Venturelli, a Chilean artist, was the first Latin American painter to visit China in 1952. He participated in the founding of the Chilean-Chinese Institute of Culture and contributed to the establishment of diplomatic relations between the two countries as well as the fostering of friendship between China and Latin America. While in China, he participated in a collective workshop at the Central Academy of Fine Arts in Beijing and befriended famous Chinese artists such as Qi Baishi, Wu Zuoren, and Li Keran. All these stories demonstrated that the GCI connects people with various cultural means, from paintings to literary works, as mutual understanding leads to further cooperation. Vibrant cultural ties This year, many people in China were charmed by the ancient Inca civilization at an exhibition held in the Southern Chinese metropolis of Shenzhen. The artifacts, ranging from leopard-print pottery and stone slabs adorned with mythical creatures to intricately crafted figurines, were shipped to China from 14 museums across Peru. Initially set to run from April to August, the exhibition was extended to October because of its popularity. The success of the exhibition underscored the vibrant cultural ties between China and Latin America, which are both home to some of the world's oldest and most influential civilizations. "Upon his arrival in Peru to participate in the APEC 2024 Summit, President Xi penned a message to the Peruvian people, in which he highlighted the close relationship that exists between the people of China and Peru, indicating that this is not a reflection of an economic or political interest of either party, but rather a desire for rapprochement and association based on ancient historical and cultural ties," Juan Carlos Capuñay, former Peruvian Ambassador to China, told the Global Times. Back in 2016, when Xi was in Peru on a state visit, Peru's National Museum of Archaeology, Anthropology, and History played host to the closing ceremony of the China-Latin America and Caribbean 2016 Year of Culture Exchange. Ivan Ghezzi Solis, then director of the museum, said he was taken aback by the Chinese president's insight into the nation's over 5,000 years of history. "People from countries that have seen the rise of great civilizations, such as Peru and China, understand better than anyone the importance of culture and history to give us a deep perspective on the world. Respect for the diversity of civilizations, while acknowledging and taking advantage of common values, is a path to cooperation and mutual progress," Solis told the Global Times. Linked dreams "Condition of good friends, condition of old wine." Xi cited a Brazilian proverb to describe the long-running friendship between the Chinese and Latin American people when addressing the Brazilian National Congress during a visit to the South American country in 2014. It was Xi's first visit to Brazil after assuming the Chinese presidency. Noting that he has visited Brazil four times and witnessed the development and changes in the country over the past 30 years, Xi said he feels very close to Brazil as he again stepped onto this passionate land. Xi made the remarks in a written statement upon his arrival in Brazil for the 19th G20 Leaders' Summit and a state visit to the country. The president published a signed article in Brazilian media outlet Folha de S. Paulo on November 17 titled "A Friendship Spanning Vast Oceans A Voyage Toward a Brighter Shared Future." In the article, Xi cited Brazil's renowned poets and writers Cecilia Meireles and Joaquim Maria Machado de Assis who translated poems from China's Tang Dynasty (618-907 AD), though not directly from Chinese. Their commendable endeavors reflect the resonance between our two cultures that defy time and space. In recent years, music, dance, and other forms of art, along with cuisine and sport, have become a new bridge connecting the people of our two countries, helping to enhance amity and mutual understanding, wrote Xi. Brazil's cute capybaras, bossa nova music, Samba dance, and Capoeira are immensely popular in China. China's traditional festivals like the Spring Festival and its cultural heritages such as traditional Chinese medicine are increasingly well-known among Brazilians, according to the article. "The 'Chinese Dream' and the 'Latin American Dream' are closely linked. Both sides should take the courage to pursue the dream and jointly make the dream come true," Xi said during the China-Latin America and the Caribbean Summit in Brasília in Brazil in July 2014. Today, in Tijuca National Park in Rio de Janeiro, there stands a "Chinese Pavilion." With its uniquely styled eaves, pillars, and pointed roof, it sits gracefully among lush greenery, attracting countless visitors. Since its building in 1903 to remember the Chinese tea farmers, who generously shared their expertise and taught the art of tea cultivation in Brazil 200 years ago, the pavilion will always tell the world about the bond "forged by tea" between the two nations and the fruitful results of the seeds of friendship between the two great civilizations.
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- S&P Global Market Intelligence has released a report today highlighting the convergence in public and private credit markets. The newly published Public and Private Markets Outlook: Converging on Credit is part of S&P Global Market Intelligence's Big Picture 2025 Outlook Report Series. In this new report, S&P Global Market Intelligence's capital markets analysts highlight how public and private credit markets have become increasingly intertwined in 2024, and why we expect this trend to continue in 2025. Public debt markets have grown, but not at the expense of the $1.5 trillion private markets, which continue their rapid expansion. " It may be no coincidence that the fall in Credit Default Swap (CDS) credit events aligns with the growth in provision of private credit. Many companies now have recourse to lines of credit from private sources to an extent not seen in previous cycles. This trend is likely to continue in 2025 but may raise questions about the transparency and measurement of credit risk in private credit funds, where the exposure is ultimately shifted," said Gavan Nolan , Executive Director at S&P Global Market Intelligence. Key highlights from the report include: To request a copy of Public and Private Markets Outlook: Converging on Credit , please contact press.mi@spglobal.com . S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. About S&P Global Market Intelligence At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction. S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence . Media Contact Amanda Oey S&P Global Market Intelligence +1 212-438-1904 amanda.oey@spglobal.com or press.mi@spglobal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/sp-global-market-intelligences-new-outlook-report-shows-the-convergence-of-public-and-private-credit-markets-and-expects-the-trend-to-continue-into-2025-302313385.html SOURCE S&P Global Market Intelligence
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