SEOUL, South Korea — South Korean President Yoon Suk Yeol said he will lift his martial law decree, giving in to the parliament’s opposition, just hours after his dramatic move imposing it Tuesday. Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting,” which he said he had called but its members hadn’t yet arrived. He will immediately lift the martial law when they convene, he said. Yoon, 63, stunned the nation, lawmakers and investors earlier by declaring martial law in a high-stakes move he claimed would prevent the opposition from trying to paralyze his administration amid a political rift that is set to deepen markedly. The South Korean leader’s political future will be put to test after his daring move, which caught even his fellow party members and foreign allies like the U.S. by surprise. “I request the National Assembly to immediately stop the reckless acts of paralyzing the functions of the state through repeated impeachments, legislative manipulation, and budget manipulation,” Yoon said in his earlier televised address. After Yoon announced he would lift the decree, South Korea’s Joint Chiefs of Staff said its troops that had been mobilized for the martial law declaration have returned to their original posts as of 4:22 a.m., Yonhap reported. No unusual activities have been spotted from North Korea, it added. The move was viewed by analysts as a risky political play that was likely to backfire rather than an attempt to return to military-led regimes of the past. With his own government and party kept in the dark alongside the U.S. and other friendly nations, Yoon created a chaotic moment that left him isolated and even further from controlling the political agenda going forward. Early Wednesday morning, 190 lawmakers in the 300-seat parliament unanimously voted to demand the lifting of martial law. The president had said his move was intended to protect freedom and constitutional order, that it wouldn’t have an impact on South Korea’s foreign policy, and that it would help eradicate the influence of North Korean supporters. A proclamation released after the address banned all political activities and strikes and said media would be subject to control of the Martial Law Command. Korean assets were battered during New York trading. The won suffered its sharpest drop since the global financial crisis to hit 1444.65 its lowest in over two years, before paring losses. Samsung Electronics’ London-listed shares fell as much as 7.2% then regained some ground. The finance minister and central bank chief met and promised to provide unlimited liquidity to markets if needed. The Bank of Korea will meet early Wednesday, just a week after a surprise rate cut partly triggered by heightened uncertainty generated by U.S. President-elect Donald Trump’s election victory. Adding to the sense of chaos, the nation’s largest union federation called a general strike in defiance of Yoon’s order. The shock announcement to impose martial law for the first time since the democratization of South Korea in 1987 caught even Yoon’s own party off guard. Han Dong-hoon, leader of Yoon’s People Power Party, condemned the move and vowed to stop it, in a sign of the president’s increasing isolation and his lack of consultation. The move also surprised the White House, prompting Deputy Secretary of State Kurt Campbell to say that the Biden administration was watching the developments with “grave concern.” Yoon’s abrupt decision came after months of wrangling and deadlock in parliament between the president’s minority government and the main opposition Democratic Party, but with little expectation that the president would take such a drastic step. The opposition has been trying to force its budget proposal through parliament and has submitted an impeachment motion against the chief prosecutor after months of also trying to get Yoon’s wife prosecuted. Adding to the fractious political rift, the DP’s leader has faced multiple court cases and was convicted last month of election-law violations, barring him from running for president if it is finalized. Amid the political standoff, Yoon had vetoed a string of bills passed by parliament and at times angering his own party. His latest act ramped up tensions considerably domestically, while also creating high uncertainty abroad for the outlook of one of the world’s key suppliers of semiconductors and a stalwart U.S. ally in an increasingly complex security environment in Asia. Even though the martial law order lasted less than a day, the political instability it will generate is set to last two or three years, according to Lee Won-Jae, a sociology professor at at Kaist Graduate School of Culture Technology in Daejeon. “Martial law has lost its effect, so from this moment on, all state institutions exercising physical force, including the military and police of the Republic of Korea, are obligated not to follow unlawful or unfair instructions,” Han, the leader of Yoon’s party, said in a Facebook post. Yoon’s moves came at a time of high uncertainty for the nation as its trade-dependent economy faces potential tariffs from Trump’s incoming U.S. administration. Bloomberg Economics estimates that full imposition of tariffs on China, South Korea and other U.S. trading partners could reduce Seoul’s exports to the U.S. by as much as 55%. Meanwhile, North Korea continues to present a security concern as it deepens its ties with Russia, having sent thousands of troops there to help in Moscow’s war against Ukraine. Russia’s defense minister visited Pyongyang last week in the latest sign of talks between the two countries. Russia may help provide North Korea key technology for its weapons programs including its intercontinental ballistic missiles. “We shouldn’t be fooled — this has nothing at all to do with North Korea and all to do with domestic politics,” said Defense Priorities Fellow Daniel DePetris. China suggested its citizens residing in South Korea keep calm and try to avoid going outdoors for anything non-essential, the country’s embassy said in a post on social media Tuesday night. The embassy also asked Chinese citizens to comply with official orders from the Korean government and “use caution” over sharing political opinions. “The domestic uncertainty adds to the external pressures in recent weeks as the market is starting to price in the rise of higher U.S. tariffs under the new Trump administration,” said Aroop Chatterjee, a strategist at Wells Fargo. “Korea is an open economy sensitive to shifts in global export demand and spillovers from a weaker China.” While it remains to be seen if the short-lived declaration of martial law will have a lasting impact on markets and the economy, Yoon’s high-stakes move is certain to knock confidence in his leadership and his reliability as a bullwark of democracy in a nation with many authoritarian neighbors. “U.S. officials look to South Korea now as a beacon of democracy so for a president to pull a fast one like this is certainly shocking and unprecedented,” said DePetris. Bank of Korea’s monetary board, which unexpectedly cut the key rate last week, will also hold an extraordinary meeting Wednesday morning to discuss steps to shield the economy and markets. “From a near-term policy standpoint, apart from the market disruptions, uncertainty could also arise in the event of cabinet changes,” Goldman Sachs Group Inc. analysts Goohoon Kwon and Kamakshya Trivedi wrote in a note Tuesday. (With assistance from Maria Elena Vizcaino.) ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.Jowell Global Ltd. Announces First Half 2024 Unaudited Financial Results
SEOUL, South Korea — South Korean President Yoon Suk Yeol said he will lift his martial law decree, giving in to the parliament’s opposition, just hours after his dramatic move imposing it Tuesday. Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting,” which he said he had called but its members hadn’t yet arrived. He will immediately lift the martial law when they convene, he said. Yoon, 63, stunned the nation, lawmakers and investors earlier by declaring martial law in a high-stakes move he claimed would prevent the opposition from trying to paralyze his administration amid a political rift that is set to deepen markedly. The South Korean leader’s political future will be put to test after his daring move, which caught even his fellow party members and foreign allies like the U.S. by surprise. “I request the National Assembly to immediately stop the reckless acts of paralyzing the functions of the state through repeated impeachments, legislative manipulation, and budget manipulation,” Yoon said in his earlier televised address. After Yoon announced he would lift the decree, South Korea’s Joint Chiefs of Staff said its troops that had been mobilized for the martial law declaration have returned to their original posts as of 4:22 a.m., Yonhap reported. No unusual activities have been spotted from North Korea, it added. The move was viewed by analysts as a risky political play that was likely to backfire rather than an attempt to return to military-led regimes of the past. With his own government and party kept in the dark alongside the U.S. and other friendly nations, Yoon created a chaotic moment that left him isolated and even further from controlling the political agenda going forward. Early Wednesday morning, 190 lawmakers in the 300-seat parliament unanimously voted to demand the lifting of martial law. The president had said his move was intended to protect freedom and constitutional order, that it wouldn’t have an impact on South Korea’s foreign policy, and that it would help eradicate the influence of North Korean supporters. A proclamation released after the address banned all political activities and strikes and said media would be subject to control of the Martial Law Command. Korean assets were battered during New York trading. The won suffered its sharpest drop since the global financial crisis to hit 1444.65 its lowest in over two years, before paring losses. Samsung Electronics’ London-listed shares fell as much as 7.2% then regained some ground. The finance minister and central bank chief met and promised to provide unlimited liquidity to markets if needed. The Bank of Korea will meet early Wednesday, just a week after a surprise rate cut partly triggered by heightened uncertainty generated by U.S. President-elect Donald Trump’s election victory. Adding to the sense of chaos, the nation’s largest union federation called a general strike in defiance of Yoon’s order. The shock announcement to impose martial law for the first time since the democratization of South Korea in 1987 caught even Yoon’s own party off guard. Han Dong-hoon, leader of Yoon’s People Power Party, condemned the move and vowed to stop it, in a sign of the president’s increasing isolation and his lack of consultation. The move also surprised the White House, prompting Deputy Secretary of State Kurt Campbell to say that the Biden administration was watching the developments with “grave concern.” Yoon’s abrupt decision came after months of wrangling and deadlock in parliament between the president’s minority government and the main opposition Democratic Party, but with little expectation that the president would take such a drastic step. The opposition has been trying to force its budget proposal through parliament and has submitted an impeachment motion against the chief prosecutor after months of also trying to get Yoon’s wife prosecuted. Adding to the fractious political rift, the DP’s leader has faced multiple court cases and was convicted last month of election-law violations, barring him from running for president if it is finalized. Amid the political standoff, Yoon had vetoed a string of bills passed by parliament and at times angering his own party. His latest act ramped up tensions considerably domestically, while also creating high uncertainty abroad for the outlook of one of the world’s key suppliers of semiconductors and a stalwart U.S. ally in an increasingly complex security environment in Asia. Even though the martial law order lasted less than a day, the political instability it will generate is set to last two or three years, according to Lee Won-Jae, a sociology professor at at Kaist Graduate School of Culture Technology in Daejeon. “Martial law has lost its effect, so from this moment on, all state institutions exercising physical force, including the military and police of the Republic of Korea, are obligated not to follow unlawful or unfair instructions,” Han, the leader of Yoon’s party, said in a Facebook post. Yoon’s moves came at a time of high uncertainty for the nation as its trade-dependent economy faces potential tariffs from Trump’s incoming U.S. administration. Bloomberg Economics estimates that full imposition of tariffs on China, South Korea and other U.S. trading partners could reduce Seoul’s exports to the U.S. by as much as 55%. Meanwhile, North Korea continues to present a security concern as it deepens its ties with Russia, having sent thousands of troops there to help in Moscow’s war against Ukraine. Russia’s defense minister visited Pyongyang last week in the latest sign of talks between the two countries. Russia may help provide North Korea key technology for its weapons programs including its intercontinental ballistic missiles. “We shouldn’t be fooled — this has nothing at all to do with North Korea and all to do with domestic politics,” said Defense Priorities Fellow Daniel DePetris. China suggested its citizens residing in South Korea keep calm and try to avoid going outdoors for anything non-essential, the country’s embassy said in a post on social media Tuesday night. The embassy also asked Chinese citizens to comply with official orders from the Korean government and “use caution” over sharing political opinions. “The domestic uncertainty adds to the external pressures in recent weeks as the market is starting to price in the rise of higher U.S. tariffs under the new Trump administration,” said Aroop Chatterjee, a strategist at Wells Fargo. “Korea is an open economy sensitive to shifts in global export demand and spillovers from a weaker China.” While it remains to be seen if the short-lived declaration of martial law will have a lasting impact on markets and the economy, Yoon’s high-stakes move is certain to knock confidence in his leadership and his reliability as a bullwark of democracy in a nation with many authoritarian neighbors. “U.S. officials look to South Korea now as a beacon of democracy so for a president to pull a fast one like this is certainly shocking and unprecedented,” said DePetris. Bank of Korea’s monetary board, which unexpectedly cut the key rate last week, will also hold an extraordinary meeting Wednesday morning to discuss steps to shield the economy and markets. “From a near-term policy standpoint, apart from the market disruptions, uncertainty could also arise in the event of cabinet changes,” Goldman Sachs Group Inc. analysts Goohoon Kwon and Kamakshya Trivedi wrote in a note Tuesday. (With assistance from Maria Elena Vizcaino.) ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.HONG KONG , Dec. 3, 2024 /PRNewswire/ -- Dunxin Financial Holdings Limited ("Dunxin" or the "Company") (OTC Pink: DXFFY), a company engaged in real estate operation management and investment and a digital technology security business in Hong Kong , today announced that it plans to change the ratio of its American depositary shares ("ADSs") from one (1) ADS representing four hundred and eighty (480) Class A ordinary shares to one (1) ADS representing sixty thousand (60,000) Class A ordinary shares. The effect of the ratio change on the ADS trading price on the OTC Pink (the "OTC") is expected to take place at the open of trading on December 4, 2024 (U.S. Eastern Time). For the Company's ADS holders, the ADS ratio change will have the same effect as a one-for-one hundred and twenty-five reverse split. There will be no change to the Company's Class A ordinary shares. ADS holders of record on the effective date will need to surrender their ADS to the depositary bank for cancellation and exchange in connection with the ADS ratio change, with further details to be provided in the notice by the depositary bank. As of the effective date for the ADS ratio change, Dunxin's ADSs will continue to be traded on the OTC under the symbol "DXFFY". No fractional new ADSs will be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank. As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than the ADS price on a proportionate basis. About Dunxin Financial Holdings Limited Dunxin is a licensed microfinance lender serving individuals and SMEs in Hubei Province , China . Dunxin suspended offering loans to its customers since 2020. Safe Harbor Statement This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of market in China and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
Stoli Group's U.S. companies have filed for bankruptcy following an August ransomware attack and Russian authorities seizing the company's remaining distilleries in the country. As Chris Caldwell, the President and Global Chief Executive Officer of Stoli USA and Kentucky Owl, the two Stoli Group subsidiaries, said in a Friday filing , this comes after the August attack severely disrupted its IT systems, including its enterprise resource planning (ERP) platform. The cyberattack also forced manual operations across the group, affecting key processes such as accounting, with full recovery not expected until early 2025. "In August 2024, the Stoli Group's IT infrastructure suffered severe disruption in the wake of a data breach and ransomware attack," said Caldwell. "The attack caused substantial operational issues throughout all companies within the Stoli Group, including Stoli USA and KO, due to the Stoli Group's enterprise resource planning (ERP) system being disabled and most of the Stoli Group's internal processes (including accounting functions) being forced into a manual entry mode." Caldwell added that the incident also prevented the Stoli U.S. subsidiaries from providing financial reports to lenders who claimed the two companies had defaulted on a $78 million debt. One month earlier, in July 2024, two distilleries valued at $100 million, the group's last remaining assets in Russia, were also confiscated in connection with the designation of the Stoli Group and its founder, Yuri Shefler, as "extremists." This designation was related to their humanitarian aid efforts and marketing campaigns supporting Ukrainian refugees during the ongoing war in Ukraine. The Stoli Group has also spent dozens of millions of dollars as part of a long-term court battle spanning over 23 years and multiple jurisdictions, including the United States, with Russian state enterprise FKP Sojuzplodoimport over rights to the Stolichnaya and Moskovskaya vodka trademarks. This legal struggle stemmed from a March 2000 executive order by President Vladimir Putin to "reinstate and protect the state's rights" in vodka trademarks whose rights were bought by private companies in the 1990s. Shefler, the company's founder, was also forced to flee Russia in 2002 due to politically motivated and "fabricated" charges linked to his criticism of the Putin regime. Since then, Shefler was later granted asylum in Switzerland and UK citizenship after Russia's extradition requests in the 2010s were denied.The German government pledged Sunday to fully investigate whether there were security lapses before the Christmas market car-ramming attack that killed five people and injured over 200. Political pressure has built on the question of potential missed warnings about Saudi suspect Taleb al-Abdulmohsen, a 50-year-old psychiatrist who had made online deaths threats and previously had trouble with the law. Interior Minister Nancy Faeser and the heads of Germany's domestic and foreign intelligence services are due to answer questions at parliamentary committee hearings on December 30, a senior lawmaker told AFP. Faeser vowed Sunday that "no stone will be left unturned" in shedding light on what information had been available to security services ahead of last Friday's bloody attack in the eastern city of Magdeburg. She stressed that the attacker did "not fit any previous pattern" because "he acted like an Islamist terrorist although ideologically he was clearly an enemy of Islam". Abdulmohsen has in the past called himself a "Saudi atheist" who helped women flee Gulf countries and charged Germany was doing too little to help them. In online posts, he also strongly criticised Germany for allowing in too many Muslim refugees and backed far-right conspiracy theories about the "Islamisation" of Europe. In one post, he wrote: "Is there a path to justice in Germany without blowing up a German embassy or randomly slaughtering German citizens?... If anyone knows it, please let me know." News magazine Der Spiegel, citing security sources, said the Saudi secret service had warned Germany's spy agency BND a year ago about a tweet in which Abdulmohsen threatened Germany would pay a "price" for how it treated Saudi refugees. Die Welt daily reported, also citing security sources, that German state and federal police had carried out a "risk assessment" on Abdulmohsen last year but concluded that he posed "no specific danger". The city of Magdeburg has been in deep mourning over the mass carnage on Friday evening, when an SUV smashed through a crowd at its Christmas market, killing four women and a nine-year-old child and injuring 205 people. Surgeons at overwhelmed hospitals have worked around the clock, and one health worker told local media of "blood on the floor everywhere, people screaming, lots of painkillers being administered". Scholz on Saturday condemned the "terrible, insane" attack and made a call for national unity, at a time Germany is headed for early elections on February 23. But as German media dug into Abdulmohsen's past, and investigators gave away little, criticism rained down from opposition parties. Conservative CDU lawmaker Alexander Throm charged that "many citizens feel... that the Scholz government has completely failed in terms of internal security". He demanded greater police powers to monitor and analyse data from social media platforms, telecommunications and surveillance cameras with facial recognition technology. The far-right AfD called for a special session of parliament, and the head of the far-left BSW party, Sahra Wagenknecht, demanded that Faeser explain "why so many tips and warnings were ignored beforehand". Mass-circulation daily Bild asked: "Why did our police and intelligence services do nothing, even though they had the Saudi on their radar?... And why were the tips from Saudi Arabia apparently ignored?" It charged that "German authorities usually only find out about attack plans in time when foreign services warn them" and called for sweeping reforms after the election for a complete "turnaround in internal security". Senior MP Dirk Wiese of Scholz's Social Democrats said the December 30 hearings will summon the heads of the BND, the domestic intelligence service BfV and the Office for Migration and Refugees. Media meanwhile reported more details on Abdulmohsen, who had worked at a clinic that treats offenders with substance addiction problems, but had been on sick leave since late October. Der Spiegel reported that in 2013 a court fined him for "disturbing the public peace by threatening to commit crimes" after he had darkly referenced the deadly attack on the Boston marathon. The chairwoman of the group Central Council of Ex-Muslims, Mina Ahadi, said Abdulmohsen "is no stranger to us, because he has been terrorising us for years". She labelled him "a psychopath who adheres to ultra-right conspiracy ideologies" and said he "doesn't just hate Muslims, but everyone who doesn't share his hatred." bur/fz/gvAs the AI market prepares for a surge in 2025, IBM is emerging as an unexpected standout. Despite a recent stock price increase of 37% this year, or 44% when dividends are factored in, IBM remains an undervalued gem in the tech space. At first glance, IBM’s recent performance may seem underwhelming. Their sales grew by a modest 2% year-over-year in the third quarter, with earnings per share getting a slight uplift due to a lower tax burden. But a deeper look reveals a compelling narrative masked by cyclical market factors and strategic long-term planning. The infrastructure segment showed a 7% decline, primarily driven by a lull in IBM Z mainframe sales. This cycle, however, is expected to turn with the 2025 launch of AI-augmented System Z mainframes, which will feature IBM-developed AI chips. IBM’s strength lies in its strategic focus on long-term AI contracts rather than immediate sales spikes. Launched in 2023, IBM’s generative AI platform, watsonx, has already secured over $3 billion in multi-year contracts. This steady accumulation indicates a tipping point, as IBM is set to transform these agreements into significant revenue streams. Looking forward to 2025, CEO Arvind Krishna anticipates a notable growth in IBM’s portfolio, hinting subtly at a record-breaking performance. With IBM’s stock priced relatively low compared to other AI giants, the company offers a lucrative investment opportunity. As IBM continues to secure long-term contracts and gears up for a new mainframe cycle, savvy investors might find a golden opportunity in Big Blue. Why IBM Could Be the Next Big Player in AI by 2025 In the burgeoning landscape of artificial intelligence (AI), IBM is positioned as a frontrunner to watch closely, especially as the market is poised for a substantial boom in 2025. Amidst its evolving strategies, IBM presents intriguing developments that may place it ahead of its competitors in the AI domain. Capitalizing on Long-Term AI Contracts One of IBM’s most promising strategies is its focus on securing long-term AI contracts rather than prioritizing short-term gains. The introduction of the generative AI platform, watsonx, in 2023 is a cornerstone of this approach. This platform has already garnered over $3 billion in multi-year agreements, reflecting trust and anticipation from clients in IBM’s capabilities. These contracts are not merely symbolic but are poised to mature into robust revenue streams as they are fulfilled over time. Innovative AI Augmentation in Infrastructure The anticipated launch of AI-augmented System Z mainframes in 2025 is another strategic move by IBM that merits attention. These new mainframes will incorporate IBM-developed AI chips, promising enhancements in performance and capabilities that are aligned with cutting-edge AI technologies. This innovation is expected to invigorate IBM’s infrastructure sales, which saw a dip partly due to the existing mainframe sales cycle slowdown. Strategic Market Positioning and Future Insights While IBM’s current market performance shows modest sales growth, its underlying strategic positioning reveals a future of potential. CEO Arvind Krishna’s vision for 2025 suggests the possibility of record-breaking achievements for IBM’s portfolio. With the company’s shares currently undervalued in comparison to other AI titans, IBM presents a unique investment opportunity that could yield high returns as its strategic plans come to fruition. Market Analysis and Predictions Industry analysts predict that IBM’s foresight and calculated initiatives in AI might serve as key differentiators in the tech market. As the AI landscape continues to evolve, IBM’s integration of AI within its products and services is predicted to drive substantial growth, making it a firm to watch closely in the coming years. Conclusion In conclusion, amid the accelerating AI market, IBM’s strategic initiatives, including its focus on long-term contracts and innovation in AI-augmented infrastructure, solidify its potential as a leading force. Investors seeking a promising opportunity in the tech sector should closely monitor IBM as it strides towards what could be a breakthrough period in 2025. As the AI wave progresses, IBM stands out as a company combining visionary leadership with actionable strategies.
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If the book "Fifty Shades of Grey" left an impression on you, you’re not alone. The 2024 Intimacy Status Report by Israeli company Arya reveals that 35% of respondents expressed interest in spicing up their relationships. 3 View gallery Arya app ( Photo: Arya ) According to the report, which is akin to a modern version of the legendary Masters and Johnson studies, 100,000 users of Arya’s platform aren’t looking for casual flings. Instead, they’re searching for ways to reignite romance and passion in long-term relationships that have fallen into routine. Unsurprisingly, 90% of users dissatisfied with their sex lives reported that this dissatisfaction negatively impacted their overall relationship. If you’re wondering how technology fits into all of this, the answer lies in artificial intelligence. Arya is a relationship-enhancement app currently making waves in the U.S. market. It uses AI to learn couples’ preferences and desires, offering tailored “scenarios” that encourage them to explore new dimensions of intimacy. To complement this experience, Arya sends couples a “surprise box” containing curated items designed to enhance their connection and, of course, their user experience. So far, 200,000 users have registered on Arya’s platform in the U.S., with tens of thousands actively engaging – couples receiving new activities to try every month. The user base has grown tenfold over the past year, likely fueling the company’s recent announcement of an $8.5 million Series A funding round, just a year after its previous round. To date, Arya has raised a total of $16 million. The funding round was led by Ibex Investors, with participation from previous backers Play Ventures, Patron Fund, and BigBets.vc, as well as private investors like Yasmine Lukatz (“The Shark”), Naama Barkler, founder and CEO of BetterHealth, Neil Parikh, co-founder of Casper, and others. Ofer Yehudai, Arya’s co-founder and CEO, explained in an interview with Ynet that there has been a major shift in quality-of-life investments in recent years. People are increasingly willing to spend on mental health, nutrition and sleep quality, and, in line with this, couple wellness is becoming an equally important part of the conversation. 3 View gallery Arya surprise box ( Photo: Arya ) “People are used to finding love online,” Yehudai explained. “But how do you maintain it? That’s where there’s a gap. It’s easy to forget that between online dating, couples therapy, and divorce, there are years of good, healthy relationships. But the tools to sustain them are quite limited.” A possible successor to Tinder? Could Arya be the next step after Tinder, designed for those who found love online and now want to preserve it using online tools? “Eighty percent of our customers are millennial moms aged 35 to 45 – women who decided to take responsibility for their relationships and intimacy. What unites all our users is that they’re people willing to invest in their quality of life. They care about nutrition, put effort into looking better, and want to live their lives to the fullest.” Why is the majority of your user base women? “When you speak to professionals, they’re not surprised that, in most cases, the woman takes the lead. It’s a well-documented phenomenon in the realms of intimacy and relationships. In most cases, the woman takes responsibility for the relationship in this area, while the partner goes along. Interestingly, in the 20% of cases where the man is the client, these couples tend to stay together much longer.” Shaping intimate connections Arya provides a variety of activities for its users, although Ynet refrains from delving into specifics due to its family-friendly nature. Ultimately, most people know what’s being referenced, but many feel uncomfortable discussing such topics – even with their partner. Yehudai recounted a story about a friend, Yaniv, and his wife. Everyone has a “Yaniv” in their life, but in this case, Yaniv decided to playfully gift the couple an adult toy. It became a subject of jokes but also sparked curiosity without either partner feeling pressured. “Arya is like Yaniv,” Yehudai said. “It knows both of us, picks the gift, and if it misses the mark it’s Arya’s fault – not ours.” 3 View gallery ( Photo: shutterstock ) Arya operates differently from other relationship apps. Users communicate with its AI, called the “concierge,” via text. Couples share what interests them, what they want to learn, and where their boundaries lie. The concierge, much like Yaniv, suggests ideas from its “experience” and surprises them with exciting gifts. Get the Ynetnews app on your smartphone: Google Play : https://bit.ly/4eJ37pE | Apple App Store : https://bit.ly/3ZL7iNv The company was founded in 2022 by entrepreneurs Ofer Yehudai and Tomer Magid, both seasoned innovators with multiple successful startup exits. They partnered with Dr. Yael Doron, known as “Yael from Married at First Sight,” as a scientific advisor. Recently, Arya appointed renowned intimacy coach and sexologist Shan Boodram – AASECT certified sex educator, an American Board of Sexology certified Sexologist, with a M.S. in psychology – as its Chief Intimacy Officer (CIO). In addition to its scientific team and experts who developed the platform’s content and activities, Arya also operates a human support center to assist when the AI encounters situations it cannot handle. Does the AI serve as a replacement for a partner? “Today, you see many apps offering virtual partners, friends, or companions. We’re trying to show that our AI is different – it connects you to someone in real life in a better way, rather than replacing them.” Insights into relationship dynamics With hundreds of thousands of users, Arya has amassed rich data on the romantic and intimate preferences of Americans. For example, one-third of couples want to be more adventurous than they currently are, one-third aim to reignite the spark in their relationship, and one-third are looking to try completely new experiences. Most users engage with the concierge three to four times a week, and once a month, they receive a new “scenario” featuring intriguing items from the world of intimacy. Over the past two years, Arya’s AI has been trained on texts that no other AI models are familiar with – or perhaps wouldn’t even want to be. This specialized data is invaluable for identifying behavioral patterns, human preferences, and suggestions to enhance users’ satisfaction with their lives. For Yehudai, Arya’s mission feels deeply meaningful. “There are 72 million couples in the U.S. Our goal, without cynicism, is to create couple wellness. When you see feedback from couples saying, ‘I rediscovered my spouse,’ it gives you energy. There’s enormous potential here. The trend among millennials and younger generations is that they’re having less intimacy. We’re here to offer them new tools to invest in their intimacy and relationships.” >BOSTON — Boston City Councilor Tania Fernandes Anderson is the subject of a federal investigation, and subpoenas have been issued to City Hall in relation to the probe, the Herald has learned. The nature and circumstances of the investigation into the second-term city councilor have not been revealed, and no criminal charges have been filed. The city acknowledged the existence of a federal subpoena or subpoenas that have been “issued to the Boston City Council or specific city councilors” in a Friday response to a Herald public records request that sought “information and/or documents relating to federal subpoenas that have been issued to Boston City Hall, the Boston City Council, Boston City Councilor Tania Fernandes Anderson and any of the 13 city councilors from Jan. 1, 2024 to Nov. 14, 2024. The city declined to provide the subpoena or subpoenas, which the Herald has learned pertained to a probe involving Fernandes Anderson, saying that it reached out to the Massachusetts U.S. Attorney’s office to confirm that the “investigatory exemption” of the public records law applied in this instance. According to the U.S. Attorney’s office, release of such information could impair the “integrity of a grand jury investigation,” per the city’s records response. When reached for comment, a spokesperson for the U.S. Attorney’s office declined to comment, saying that the office “can’t confirm or deny an investigation.” Fernandes Anderson, who represents District 7 which includes Roxbury, Dorchester, the South End and Fenway, did not immediately respond to the Herald’s request for comment. She declined to comment when reached by the Boston Globe on Tuesday, per a report from the outlet. “I don’t want to comment on it,” Fernandes Anderson, the first African immigrant and Muslim American elected to the City Council, told the Globe. City Council President Ruthzee Louijeune said in a statement to the Herald that “it is important to respect the legal process.” “Drawing any conclusions right now would be premature,” Louijeune said. “As the president of the Boston City Council and as a lawyer, I want to emphasize that any actions that are found to undermine the law must be taken very seriously. “The work of the Council will proceed without disruption and we will remain focused on the issues most important to residents, including acting with integrity as a body,” Louijeune added. “At this time, I will refrain from any further comments, while urging everyone to avoid speculation and to respect due process.” The existence of a federal probe is the latest controversy for a city councilor who has had her fair share since taking office roughly three years ago. Last month, Fernandes Anderson was hit with a number of state campaign finance violations, per a Nov. 14 letter from the Office of Campaign and Political Finance. The violations included her failure to report roughly $32,900 of $34,500 of campaign contributions over an 11-month period in a timely fashion, and receipt of individual contributions in excess of the $1,000 state limit. The letter notes that the Anderson Committee took steps to resolve the excess contributions, by purging $1,750 to the Commonwealth on Sept. 26 to resolve the individual matter, and refunding $100 to the committee of a state senator that had sent a second $100 contribution in the same calendar year to Fernandes Anderson. Only one $100 contribution per year between two campaign committees is allowed by state law. Fernandes Anderson admitted to a state ethics violation last year for hiring her sister and son to paid positions on her City Council staff and paid a $5,000 fine. The State Ethics Commission said Fernandes Anderson appointed her sister and son to full-time positions in 2022, her first year on the Council. She also chose to increase their salaries, and in the case of her sister, award a $7,000 bonus. Fernandes Anderson set her sister’s salary at $65,000. She awarded her sister a raise in June 2022, increasing her salary to $70,000 and tacking on a $7,000 bonus, the Ethics Commission said. In June 2022, Fernandes Anderson appointed her son as her full-time office manager at an annual salary of $52,000. She participated in the Council’s July 15 vote to approve the appointment. Eleven days later, the councilor increased her son’s salary to $70,000, the Commission said. Fernandes Anderson addressed the matter in several tweets in July 2023 upon the ethics violation becoming public saying that she “messed up” and referencing her sister, said, “You are my everything and if it wasn’t unethical, I’d do it again.” More recently, a video of Fernandes Anderson not saying the oath of office during this past January’s inauguration, in violation of the city charter, went viral on social media. Fernandes Anderson retook the oath privately with the city clerk days later. In a social media statement at the time, she said she had been “internalizing” her oath and “committing a prayer between myself and God.” The 13 city councilors now make a $115,000 salary, after starting the year with an $11,500 pay hike. The last city councilor to be subject to a federal probe while in office was the late Chuck Turner who was sentenced to three years in jail in 2018 for pocketing a $1,000 bribe from an informant who claimed to be seeking a liquor license. Turner sued the city for $350,000 after being booted off the City Council in 2010 following the conviction, and settled for $106,000 eight years later, after the courts ruled that the Council violated its own rules because under state law, elected officials can only be removed from the body after sentencing, not conviction. --------- ©2024 MediaNews Group, Inc. Visit at bostonherald.com . Distributed by Tribune Content Agency, LLC.
AI is quickly becoming a big part of our world, and Lightchain AI (LCAI) is leading the way by blending artificial intelligence with blockchain technology. With its fresh approach to governance and an attractive presale price of just $0.003, LCAI is ready to make a real difference in the crypto space. What sets it apart is not just the cutting-edge technology, but also its focus on solving real-world problems and a clear, exciting plan for the future. Introduction to Lightchain AI (LCAI) Lightchain AI (LCAI) is a groundbreaking blockchain project that brings artificial intelligence into the world of decentralized applications and governance. With cool innovations like the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM), Lightchain AI is working to make blockchain more efficient, secure, and fair for everyone. 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With cool features like the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM), LCAI is tackling important issues like scalability and efficiency. This makes LCAI an exciting and powerful player in the crypto space! Experts are excited about LCAI’s potential, with some predicting its value could reach $0.50 by 2025, offering big rewards for those who invest early. What makes this even more exciting is LCAI’s real-world impact in areas like healthcare, finance, and logistics, which makes it a great option for a variety of investors looking for long-term growth. Why LCAI is a Top Contender in the Crypto Community Lightchain AI (LCAI) is making waves in the crypto world with its exciting mix of artificial intelligence and blockchain technology. With cool features like the Proof of Intelligence (PoI) consensus mechanism and the Artificial Intelligence Virtual Machine (AIVM), LCAI is all about boosting scalability, security, and efficiency for decentralized apps. It’s an innovative project that’s shaping up to be a game changer in the future of crypto. The LCAI token presale has been creating quite a buzz, raising over $2.2 million and drawing in investors from well-known communities like Solana and Toncoin. If you're interested in getting involved and learning more, be sure to check out the official Lightchain AI website! https://lightchain.ai https://lightchain.ai/lightchain-whitepaper.pdf https://x.com/LightchainAI https://t.me/LightchainProtocol Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
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