Shi Yuqi, a talented badminton player from China, recently achieved a remarkable milestone in his career by winning the award for Best Men's Singles. This achievement came as a pleasant surprise to Shi Yuqi, who expressed his gratitude and determination to continue competing in the sport with even greater dedication and perseverance.AI Will Bring About A Golden Age Of Discovery In Science: Google’s Demis Hassabis - OfficeChai
Moreover, the shorter work hours will provide employees with more opportunities to rest and recharge, both physically and mentally. In a fast-paced and demanding industry like hospitality, it is crucial for staff members to be well-rested and in their best form at all times. By giving employees the chance to work fewer hours, Fat Dong's is putting their well-being first, fostering a positive work environment, and promoting employee loyalty.3. Potential Scenarios:
4. Using charcoal grills indoors: Cooking with a charcoal grill indoors can produce high levels of carbon monoxide. Charcoal grills should only be used outdoors in well-ventilated areas to prevent CO buildup.The Jharkhand Mukti Morcha (JMM)-led coalition secured a decisive victory for a second consecutive term, claiming 56 seats in the 81-member assembly. Their dominating performance swept past the NDA, helmed by the Bharatiya Janata Party (BJP), which secured only 24 seats. In contrast to their robust 2019 election results with 47 seats, the JMM, aided by alliance partners Congress and RJD, dominated with 34 seats, while Congress and RJD won 16 and four seats respectively. CPI(ML) Liberation also made a mark with two seats. Chief Minister Hemant Soren, involved in a money-laundering case yet leading the charge, spotlighted his administration's social welfare programs and contended a BJP-led conspiracy against him. Meanwhile, BJP drove its campaign by highlighting alleged corruption and immigration issues, but failed to gain substantial ground. (With inputs from agencies.)Florida State pounds Charleston Southern for second victory of season
Manchester City plunged deeper into trouble in the Champions League by losing 2-0 at Juventus on Wednesday, the latest setback in a scarcely believable run of poor results for the ailing English champions. City dropped to 22nd place in the 36-team standings, with only the top 24 advancing. Progressing to the next round of the new-look format looked a certainty before the season for a team that was European champion in 2023 and has won the last four Premier League titles. But not anymore as City manager Pep Guardiola battles injuries and an apparent loss of belief among his players. City has won just one of its last 10 matches in all competitions, with goals by Dušan Vlahović and Weston McKennie inflicting the latest defeat and igniting Juventus' qualification hopes. City midfielder Ilkay Gundogan described the team's problem as a “mental issue.” Opponents “are able to break our rhythm with the smallest of things,” Gundogan said. "They don’t even need to do much and it has such a big effect on us right now.” Barcelona jumped into second place in the league standings, behind Liverpool, and is guaranteed to advance after a 3-2 win at Borussia Dortmund. Raphinha and Ferran Torres, with two goals, scored for Barca. Arsenal beat Monaco 3-0 mainly thanks to two goals by Bukayo Saka to move into third place and be the highest of six teams on 13 points. The top eight qualify directly for the last 16 and the teams placed No. 9-24 go into a two-legged playoff. City has two games to save its faltering Champions League campaign and the first is against Paris Saint-Germain, another giant in trouble in 25th place — one spot out of the qualifying positions. Vlahović put Juventus ahead in the 53rd when he powered a header goalward straight at City goalkeeper Ederson, who could only parry the ball over his own line. Two American substitutes sealed the win for Juve, with McKennie volleying home from Timothy Weah's cross. Juventus moved into 14th place. Ferran Torres came off the bench to inspire Barcelona to a fifth win in six games and push Dortmund, last season's runner-up, out of the top eight. Torres came on in the 71st to replace Robert Lewandowski, who had a quiet game against his former club. Just four minutes later, Torres scored a goal on the rebound from Dani Olmo’s shot. Serhou Guirassy’s second goal of the game leveled the score at 2-2 but Torres scored again in the 85th off Lamine Yamal’s pass on the counter. Raphinha gave Barcelona the lead before Guirassy equalized from the penalty spot. Raphinha and Guirassy are tied for second place in the scoring chart on six goals, behind Lewandowski's competition-high seven. Arsenal secured a third straight home win without conceding in the league stage, with Saka scoring in the 34th and 78th minutes and sending in a shot that was turned into the net by substitute Kai Havertz in the 88th. Arsenal is ahead of Bayer Leverkusen, Aston Villa, Inter Milan, Brest and Lille on goal difference. Lille won 3-2 at home to Sturm Graz on Wednesday. Man City could sure do with Julian Alvarez at the moment. With a brilliant curling finish to open the scoring, the Argentina striker helped Atletico Madrid beat Slovan Bratislava 3-1 and provide a timely reminder of what City is missing after selling him for more than $100 million in August. Alvarez has 12 goals for the season, with four coming in the Champions League. Antoine Griezmann scored Atletico’s other two goals at Metropolitano stadium as the Spanish team climbed to 11th place after a 10th straight win in all competitions. When Lukasz Lakomy gave Young Boys the lead against Stuttgart, he ran toward the sideline and held up teammate Meschack Elia’s jersey as others gathered around him. The gesture was a tribute after Elia’s son died unexpectedly this week after a short illness. Elia wasn’t playing as he was on his way to his native Congo, where his son died, to be with his family. Both teams wore black armbands and there was a moment of silence before the game, which was won 5-1 by Stuttgart. Tammy Abraham scored an 87th-minute winner as AC Milan beat Red Star Belgrade 2-1 to move one point off the top eight. Milan lost Alvaro Morata and Ruben Loftus-Cheek to muscle injuries in the first half. Benfica’s five-match winning streak ended with a 0-0 home draw against Bologna, and Feyenoord had a 4-2 win over Sparta Prague. Steve Douglas is at https://twitter.com/sdouglas80 AP soccer: https://apnews.com/hub/soccer
The world according to Jim: • As we approach the latest edition of USC vs. UCLA – in other words, a 5-5 team against a 4-6 team, their game Saturday at the Rose Bowl shunted to a 7:30 Pacific time slot so people in the Eastern half of the country who don’t have a bet on the game need not bother – the question must be asked: Are there people in those athletic departments who have buyers’ remorse over the move to the Big Ten? And will that remorse only increase as the travel horror stories involving non-football programs’ conference travel pile up? ... • Here’s a reminder of the reason for this displacement, as well as the only thing that seemingly makes it make sense: The L.A. schools are getting full shares of the Big Ten media pie, somewhere in the neighborhood of $60 million a year, as the first programs to jump the Pac-12 ship on the final day of June, 2022. Given the way former Pac-12 commissioner George Kliavkoff subsequently botched the conference’s media rights negotiations, which began the mass exodus, the L.A. schools’ move in retrospect was understandable if regrettable. ... • Hey, it is more expensive to live in L.A., right? ... • Oregon and Washington, among the last to defect, get half shares for the balance of the Big Ten contract, which runs through the spring of 2030 (although Phil Knight’s largesse almost certainly helps offset the difference at Oregon). The teams that scattered to the Big XII and Atlantic Coast Conference similarly received reduced shares from their new conferences. Oregon State and Washington State have been living off the Pac-12’s surplus and a stopgap TV deal and teamed with Octagon this week in search of a new media rights agreement for the rebuilding conference. ... • On the football field, at least, it has been an unqualified triumph for Oregon, undefeated and currently at the top of the College Football Playoff pecking order. Washington is 6-5 overall and 4-4 in the Big Ten. The L.A. schools are reduced to playing for bowl scraps. And the idea that Washington, USC and UCLA are respectively eighth, 12th and 13th in their conference is its own special kind of culture shock. ... • We’ve had more than a year to get used to it, but I still miss the old Pac-12 and its regional rivalries. That’s not going to change for a good, long while. ... • Meanwhile, Ole Miss’ Lane Kiffin said the quiet part out loud the other day, as he is prone to do. His team’s on a heater – 8-2 overall, 4-2 in the SEC, No. 9 in the last College Football Playoff rankings and winner of three in a row, including a 28-10 thumping of then-No. 3 Georgia. Yet in an expanded SEC that – like the Big Ten – no longer has divisions and sends its first- and second-place teams to the conference championship game, Kiffin said he wanted no part of that 13th game and a potential third loss that would knock his team out of playoff contention. He indicated other SEC coaches had similar feelings. ... • In other words: The bloated nature of the current Power Four conferences – and, as former colleague Mark Whicker noted in his Substack column, the realization that contenders don’t all play each other because of that bloat – has already made the 12-team playoff unwieldy and borderline obsolete. Nice work, guys. ... • And let the empha$i$ on the bottom line, both among athletic programs and among those players getting NIL money, be one more reminder that the NCAA’s insistent reference to “student athletes,” parroted by its member schools, is as big a fallacy as ever and maybe more so. Reverse the order of that phrase and it’s closer to the truth. ... • The other aspect of what at first glance seems to be a diminished crosstown rivalry – at least until the game starts and the emotions on the field take over – is that one coach, UCLA’s DeShaun Foster, is digging out from the Chip Kelly era, and his team has already displayed progress this season. The other, USC’s Lincoln Riley, is drawing comparisons to predecessor Clay Helton among some alumni – and that’s not good. ... • The Rams will be honoring their 1999 team, which won the franchise’s first Super Bowl for St. Louis, at Sunday evening’s game against Philadelphia at SoFi Stadium. And if you are an L.A. Rams fan, all in on the team once again, do you really care about the ’99 champs, never mind willing to celebrate them? Or is there still a void between the team’s departure for St. Louis in 1995 and its return to Los Angeles in 2016? ( The Reddit conversation from this past May, “What Is Your Opinion of Georgia Frontiere,” indicates where longtime L.A. Rams fans stand on this.) ... • From the “things I wish I’d written” file, Washington Post columnist Sally Jenkins’ wonderful description of the monstrosity that was the Jake Paul-Mike Tyson “fight” a week ago: “Was Jake Paul’s not the most punchable face in the history of punched faces? It was a face with all the character and lived experience of a canned ham. It was the consummate face of an influencer, with all the smirky grifting in search of the lux life that term suggests. There wasn’t a hint of true toughness — much less truth — in it. Just blandness cloaked in a poseur-pharaoh’s beard and topped by some box-color bleached curls, and God did you ever want Mike Tyson to put his very real fist in it.” Priceless. ... • The ball from Freddie Freeman’s World Series Game 1 walkoff grand slam, grabbed by 10-year-old Zachary Ruderman of Venice – who was told he was leaving school early that Friday to go to a orthodontist’s appointment only to have his dad take him to Dodger Stadium instead – is going to be auctioned off by SCP Auctions from Dec. 4-14. It should fetch seven figures, easy, maybe even more than the $4.392 million top bid last month for Shohei Ohtani’s 50th home run (which is currently held up by a dispute over who actually had the right to auction it). ... • If I could afford to make the winning bid on Freeman’s ball – and if I actually could, you wouldn’t be reading this column – I’d lend it to the Dodgers to prominently display among their MVP and Cy Young and Silver Slugger trophies, with the stipulation that it would eventually go to the Hall of Fame. That’s where it belongs. Now if someone could just find the Kirk Gibson ball from 1988. ... jalexander@scng.comOrchid Medical Centre: The Hub for Top Neurosurgeons in Ranchi
In a heartwarming story that has touched the hearts of many, a young man from Shenyang, born in the 1990s, made a bold decision to quit his job and move to Wuhan to start a new chapter in his life, all for love. This courageous move has not only captured the attention of the public but has also inspired many with its display of dedication and sacrifice.
Located in a prime waterfront location, Ocean View Residences tops the list with record-breaking sales. Its luxurious amenities, panoramic sea views, and high-quality construction have made it a top choice among buyers seeking premium living spaces.
As Liang continues to run his ice cream stand in Wuhan, he serves as a living example of the power of love and the strength that comes from following one's heart. His story will forever be remembered as a testament to the enduring nature of love and the incredible things that can happen when one takes a leap of faith in the name of love.With Rashford's contract at Manchester United set to expire in the near future, speculation has been rife about his future at the club. While some reports suggest that Man United is eager to extend Rashford's contract and build the team around him, others claim that the club is considering offloading the forward to raise funds for new signings. The uncertainty surrounding Rashford's future has left fans and pundits wondering about his next move.
My American Dream is in Mexico: AgustínAs the auction date approaches, anticipation is building among investors and developers eager to secure this valuable piece of land in Fengtai. The bidding process is expected to be highly competitive, with the final price likely to exceed initial expectations as participants vie for the opportunity to acquire this coveted asset.
Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Net sales of $3.8 billion were up 2% compared to last year. Comparable sales were up 1% year-over-year. Due to the 53 rd week in fiscal 2023, in order to maintain consistency, comparable sales for the third quarter of fiscal 2024 are compared to the 13 weeks ended November 4, 2023 . Store sales decreased 2% compared to last year. The company ended the quarter with 3,603 store locations in about 40 countries, of which 2,544 were company operated. Online sales increased 7% compared to last year and represented 40% of total net sales. Gross margin of 42.7% increased 140 basis points versus last year's gross margin. Merchandise margin increased 90 basis points versus last year primarily driven by improved inventory management. Rent, occupancy, and depreciation (ROD) as a percent of sales leveraged 50 basis points versus last year. Operating expense was $1.3 billion . Operating income was $355 million ; operating margin of 9.3%. The effective tax rate was 24%. Net income of $274 million ; diluted earnings per share of $0.72 . Balance Sheet and Cash Flow Highlights Ended the quarter with cash, cash equivalents and short-term investments of $2.2 billion , an increase of 64% from the prior year. Year-to-date net cash from operating activities was $870 million . Year-to-date free cash flow , defined as net cash from operating activities less purchases of property and equipment, was $540 million . Ending inventory of $2.33 billion was down 2% compared to last year. Capital expenditures were $330 million . Paid a third quarter dividend of $0.15 per share, totaling $57 million. The company's Board of Directors approved a fourth quarter fiscal 2024 dividend of $0.15 per share. Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Old Navy: Third quarter net sales of $2.2 billion were up 1% compared to last year. Comparable sales were flat. The brand's continued focus on operational rigor and brand reinvigoration drove solid performance in the quarter, despite lapping tougher compares and facing weather-related headwinds. Gap: Third quarter net sales of $899 million were up 1% compared to last year. Comparable sales were up 3% representing the fourth consecutive quarter of positive comparable sales at the brand. Gap's strong product and marketing execution have helped drive continued momentum and consistent results at the brand. Banana Republic: Third quarter net sales of $469 million were up 2% compared to last year. Comparable sales were down 1%. The brand saw strength in its men's business during the quarter and remains focused on fixing the fundamentals. Athleta: Third quarter net sales of $290 million were up 4% compared to last year. Comparable sales were up 5%. As expected, the brand returned to positive comparable sales in the quarter as its new product and marketing are resonating with customers. Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy , Gap , Banana Republic , and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.comDaily Post Nigeria Be more transparent with yours data billings – NCC tells network providers Home News Politics Metro Entertainment Sport Sponsored Be more transparent with yours data billings – NCC tells network providers Published on November 24, 2024 By Daily Post Staff The Nigerian Communications Commission (NCC) has stressed the need to address consumer concerns over data depletion and billing transparency amid growing data consumption, fueled by digital advancements. According to the commission, Nigerians spend an average of 4 hours and 20 minutes on social media daily, far above the global average and underscoring how deeply embedded digital interaction is in our lives. Quoting DataReportal, the NCC noted that the world’s internet users are spending less time watching television, stressing that the average daily television viewing has fallen by over 8% in the past year, as viewers are now spending more time on their telephones, tablets, and smart TVs streaming programs that they would previously have watched on broadcast television. Executive Vice Chairman of NCC, Dr Aminu Maida, who disclosed this on Thursday in Abuja at the 93rd Telecoms Consumer Parliament with the theme “Optimising Data Experience: Empowering Consumers through Awareness and Transparency in a Consumer-Centric Telecom Industry”, noted that in 2024, Nigeria’s daily data usage averaged 336 gigabytes per second, marking a 39% increase from the previous year. He added that this is a clear indication of the data-driven lifestyle many Nigerians lead. He observed that despite this, many consumers feel their data depletes faster than expected, adding that earlier this year, NCC analysed consumer complaints, revealing data depletion and billing issues as top concerns. Maida stated that in response, the commission directed Mobile Network Operators and ISPs to conduct audits of their billing systems, which reported no major issues. He said, “However, perceptions persist due to two main factors, including the impact of high-resolution devices and improved technologies on data use, and the complexity of operator tariffs. With the advent of 4G and 5G, as well as devices with ultra-high-definition screens, data consumption has naturally increased. For example, while viewing a photo on Instagram might have required only 100 kilobytes of data five years ago, today, with advanced camera resolutions, a photo can consume between two to four megabytes when opened on Instagram. “According to Tech Advisor, an online resource that offers tech reviews, spending an hour on Instagram can use an average of 600 megabytes of your data, while streaming platforms like YouTube would use about 3.5 to 5.4 gigabytes per hour. Improved technologies go beyond their purchase cost to our pockets; they also come at a cost to data. Because they have better screen resolutions, they consume higher quality media that consumes more data. This is the same for our increasing digital habits: according to DataReportal, the world’s internet users are spending less time watching television; the average daily television viewing has fallen by over 8% in the past year. These viewers are now spending more time on their telephones, tablets, and smart TVs streaming programs that they would previously have watched on broadcast television.” Maida said that DataReportal notes there are now over 5 billion internet users, with Nigeria alone accounting for 132 million connections, pointing out that the commission is working to address consumer concerns about data usage. She added: “Recognizing these challenges, the Commission, in collaboration with major operators, launched a Joint Industry Campaign on Consumer Awareness on Smarter Data Usage. Our message emphasises empowering consumers with the knowledge to optimise their data usage. For example, many smartphone users may not know that their devices can track data usage and allow them to set limits on the amount of data they want to use.” He explained that high-definition streaming services like Netflix consume substantial data—about three gigabytes per hour in high definition, or seven gigabytes in ultra-high definition—adding that the Commission believes that an informed consumer is a better-equipped consumer, leading to a clearer understanding of data consumption and reducing misconceptions about data depletion. Maida lamented that the industry also faces challenges such as vandalism and theft of telecom assets, which frustrate operators’ efforts to deliver quality telecom services. He said that in July 2024, through NCC’s advocacy and collaboration with key stakeholders, President Bola Ahmed Tinubu signed a Presidential Order designating telecom infrastructure as Critical National Information Infrastructure, stressing that this Executive Order strengthens the commission’s ability to address issues of vandalism, tampering, and unauthorised access to telecom infrastructure. The EVC noted that the current macroeconomic challenges and the rising cost of business in the country are impacting the ability of operators to make the necessary investments in the sector, stating that the Commission is mindful of this and is actively working with other arms of government and stakeholders to address these issues and ensure the industry’s sustainability. Also speaking, ALTON Chairman, Engr. Gbenga Adebayo, said that the demand for data has soared exponentially, adding that we are in an era where consumers rely on data to power nearly every aspect of their lives, including homes, cars, offices, and even places of worship. He observed that this growing reliance on data has also challenged service providers to meet and exceed customer expectations, adding that the service providers have taken significant steps to ensure enhanced data quality, expand coverage, and improve connectivity across Nigeria. Adebayo stated that the service providers have embarked on tariff simplification, which aims to provide consumers with a clear understanding of data costs and their choices. “Tariff simplification benefits consumers by offering them more straightforward and transparent data plans that are easier to compare and understand. With simplified tariffs, consumers can make more informed choices about which data packages suit their needs, budget, and usage patterns, empowering them to take control of their data experience. In response to the feedback from consumers, our industry has also concluded a comprehensive study on the reasons behind data depletion,” he added Related Topics: NCc Promoted Don't Miss NCC to resolve telecoms, banks’ USSD debt issue with CBN You may like NCC to resolve telecoms, banks’ USSD debt issue with CBN NCC moves towards digital justice ARO DAY 2024: Foremost Nigeria-born South African preacher to storm Arochukwu for Light of the World Crusade CustomWritings’ Professional Help with Quality PPT for Academic and Career Success Get Ready to #BeatTheDrop as Coke Studio 2024 Unleashes Next-Level Music, Culture, Rewards Zenith Bank rewards Hackathon Winners with N77.5m cash prize at Zenith Tech Fair 4.0 Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
On the other hand, a vocal minority insisted that the woman's sudden departure and the lack of communication from her since then raised suspicions about the true nature of her stay. They questioned why she had not sought help from the authorities or contacted her family if she was genuinely in need of assistance. The situation was further exacerbated by the woman's refusal to speak to the media or provide her own account of the events, leading to further conjecture and uncertainty.Furthermore, the case raises important questions about the societal factors that contribute to the glorification of criminal behavior and the erosion of moral values. It calls for a reexamination of our priorities and values as a society, and a renewed commitment to upholding principles of honesty, transparency, and accountability in all aspects of life.
Nicolas Kuhn reveals Celtic injury exile was 'painful' as he vows to be fully firing in time for Rangers
