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Ansys Inc. stock underperforms Tuesday when compared to competitorsSince October 2007, Chinese stocks have been in a bear market, as investors have little incentive to return to the market anytime soon. Beijing’s leadership has created an environment that makes it harder for listed companies to behave like capitalist enterprises, enhancing shareholder value. That’s a decline of close to 44 percent and 38 percent, respectively, and almost twice the 20 percent decline that Wall Street considers a typical bear market. The 17-year-long bear market in Chinese stocks coincides with a period when the Chinese economic growth slowed, but remained in the upper single digits, before dropping to below 6 percent in the past five years. Some large-capitalization stocks such as Baidu, PDD Holdings, and Alibaba trade with a forward price-to-earnings (P/E) ratio of around 10, which could make them deeply undervalued compared to their U.S. counterparts. Yet investors do not seem to be in a rush to buy and hold Chinese stocks. Most market rallies over the 17-year bear market were trading rallies rather than a sustained recovery toward the old highs. There are several reasons for the persistence of China’s bear market. One is poor corporate governance, which stems from government ownership of listed company shares through state-owned enterprises (SOEs) or investment entities. As a result, the government is the de facto partner of every listed company, limiting its managerial function of deciding how it will be run and how it will use its free cash flow, if any. Another one is the inability of publicly listed companies to perform their entrepreneurial function and discover and exploit new business opportunities, the ultimate source of top-line growth—something equity analysts monitor closely to determine whether a listed company is a promising investment. This problem stems from the government’s role as regulator, deciding which business publicly traded companies will be and for how long, as the killing of Alibaba’s Ant Group IPO demonstrates. In the fall of 2020, Ant Group planned an initial public offering of $34.4 billion for the Shanghai and Hong Kong exchanges. But regulators killed it, arguing the company had “major” financial technology regulatory issues. At least, that’s the official reason. However, there’s also an unofficial reason: Ant Group’s exponential growth threatens China’s banking system, which is the province of the Chinese government. But killing Ant Group’s IPO killed Alibaba’s growth, too, sending a clear and loud message to equity markets: Publicly listed companies do not exist to maximize shareholder values, as is the case in the United States and other free enterprise economies, but to satisfy the Chinese Communist Party’s agenda. Markets didn’t like this message, sending Alibaba’s share price sharply lower after the Ant IPO’s cancellation, with no recovery in sight. On Nov. 15, its share price closed at $88.59, down from $310 in October 2020. Still, another reason for the bear market is that the government induces excessive competition in sectors it deems critical to competing in world markets, such as the electric vehicle (EV) sector. That isn’t good for Nio’s stockholders, as the stock has dropped from around $63 in 2021 to $4.70 as of midday on Nov. 21. Juscelino F. Colares, associate dean for global legal studies, and Schott-van den Eynden, professor of business law, add another factor to the bear market: the bursting of the bubble in the property sector and developer defaults, which have shaken investor confidence. “China’s stock market has been under significant pressure, primarily driven by a complex mix of economic, regulatory, and geopolitical factors,” Colares told The Epoch Times in an email. “A key driver has been China’s struggling real estate sector, representing a significant portion of its economy. The default risks facing major property developers and the government’s measures to control debt in the sector have created ripple effects across other industries and shaken investor confidence.” In addition, he sees the regulatory clampdowns on the technology and education sectors as aimed at asserting greater state control, contributing to market instability. “These, combined with broader concerns about China’s slowing GDP growth and uncertainty surrounding U.S.–China relations, have intensified bearish sentiment,” he said. Colares believes market valuations are now reaching attractive levels. Still, it’s unclear if the market has hit bottom. “Much will depend on Beijing’s next policy moves and whether it takes more supportive steps to stabilize the economy,” he said. “If the government shows signs of easing restrictions or introduces stimulus measures, we could see a turning point. But for now, caution seems warranted as structural challenges persist.” Michael Ashley Schulman, CFA, partner and chief investment officer at Running Point Capital Advisors, is concerned about the “big picture” of China’s investment environment. He is raising questions about the transparency of government-reported data and the ability to manage local government debt. “Chinese stocks may offer value if government economic data can be believed, but that is a big if, as the equity market sugar-high from initial stimulus announcements may be wearing off and Chinese consumer spending remains tepid,” he told The Epoch Times. “Additionally, the government’s multi-trillion-yuan program to refinance local government debt must be generous enough to impress skeptics.”

Less than a month-and-a-half to 2025, and the major holidays in front of us. Let’s go! * If the San Francisco 49ers don’t beat Green Bay on Sunday, it would be their sixth loss this year — the most since 2021, when they finished 10-7. The only NFL team to reach the Super Bowl with just nine regular season wins was the 2011 New York Giants. As longtime coach of the Giants, Patriots, Jets and Cowboys, Bill Parcells says, “You are what your record says you are.” * Since winning never gets old, a tip of the helmet to Aggies football mentor Tim Plough on being named West Region Coach of the Year by the American Football Coaches Association. In just his first year as sideline supervisor, Plough will take UC Davis to the FCS playoffs. The field will be announced on Dec. 8. * If you want to watch NFL games on Christmas Day, you’d better have Netflix. The NFL sold the rights off of network TV in exchange for a boatload of Netflix dollars. * Whenever a coach, GM or whoever is cut loose [mostly for losing too many games], the accompanying press release always notes that so-and-so “has been relieved of his/her dutiesf” What? Now there are a good number of awful places to work in pro sports, and getting let go is often a blessing. But most leaders aren’t “relieved.” Coaches, for instance, are often quietly angry, knowing upper management didn’t provide enough talent to win consistently. So they keep their mouths shut, move on, and often get a better shot elsewhere. * You will be able to listen to San Francisco Giants games on KNBR this coming season. But beyond that, the future of baseball on the radio is murky. Radio companies like Cumulus and iHeart media are retrenching, as listening patterns and trends change daily. Just ask Tom Tolbert, a 28-year veteran, shown the door at KNBR. Hopefully Tolbert’s many fans have not heard the last of the former Warrior and seven-year NBA veteran Young sports fans now follow their favorite teams via their computers. Which is fine, unless you happen to be driving a car. KNBR has broadcast Giants games since 1979. We think something will get worked out in the near future. * No media company has more information leaks than ESPN. No sooner does the Worldwide Leader makes a significant announcement than it is already public via a wide range of Internet sites. * He doesn’t need the kudos, but this corner believes John Shea of the San Francisco Chronicle is among the very best national baseball writers out there. He’s insightful, well-connected and doesn’t put any stock in the absolutely inane horsehide drivel that’s way too prevalent now. * Buster Posey is quickly assembling a talented group of lieutenants as the new-look Giants embark upon the upcoming season. His hires to date, Zack Minasian, Bobby Evans and Jeff Berry are all time-tested baseball people. Minasian is now the GM, while Evans, formerly a Giants GM, and Berry, who was Posey’s agent, are in an advisory capacity. * It was 61 years ago this past Friday that President John F. Kennedy was assassinated in Dallas, Texas. The fortunes, and direction, of this country changed irrevocably that fateful day. * Happy Thanksgiving to one and all. Be thankful for what you have and cherish each day that your feet hit the floor. — The longtime radio and television color man on UC Davis football broadcasts, Doug Kelly is director of communications for Battlefields2Ballfields and managing general partner of Kelly & Associates. Contact him at DKelly1416@aol.com .Landsea Homes Corp shareholder Chen Huaijun sells $42 million in stock

NonePakistani authorities launch operation to clear Imran Khan supporters from the capitalDejounte Murray is rejoining the Pelicans vs. Toronto and drawing inspiration from his mother

U.S. Presidents Pay Tribute to Jimmy Carter

Commerce Bank increased its position in The Kraft Heinz Company ( NASDAQ:KHC – Free Report ) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,971 shares of the company’s stock after buying an additional 623 shares during the period. Commerce Bank’s holdings in Kraft Heinz were worth $1,544,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also modified their holdings of the company. LSV Asset Management boosted its stake in Kraft Heinz by 2.1% in the 2nd quarter. LSV Asset Management now owns 9,107,688 shares of the company’s stock worth $293,450,000 after buying an additional 189,000 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Kraft Heinz by 9.7% in the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock worth $292,061,000 after acquiring an additional 799,581 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Kraft Heinz by 47.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares during the period. AQR Capital Management LLC increased its position in Kraft Heinz by 14.2% during the second quarter. AQR Capital Management LLC now owns 4,063,076 shares of the company’s stock worth $130,912,000 after purchasing an additional 505,180 shares during the last quarter. Finally, Cooke & Bieler LP raised its stake in Kraft Heinz by 4.7% during the second quarter. Cooke & Bieler LP now owns 3,402,510 shares of the company’s stock worth $109,629,000 after purchasing an additional 153,490 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock. Kraft Heinz Stock Performance Kraft Heinz stock opened at $31.81 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The firm’s fifty day moving average price is $34.08 and its 200 day moving average price is $34.26. The company has a market capitalization of $38.46 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 3.55 and a beta of 0.49. The Kraft Heinz Company has a 12-month low of $30.40 and a 12-month high of $38.96. Kraft Heinz Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.03%. Kraft Heinz’s dividend payout ratio is presently 144.14%. Insider Activity at Kraft Heinz In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 0.32% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth A number of analysts have recently commented on KHC shares. Wells Fargo & Company upped their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $38.00 in a report on Friday, October 25th. Citigroup decreased their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Piper Sandler restated a “neutral” rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Finally, Mizuho decreased their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average target price of $36.55. View Our Latest Research Report on Kraft Heinz About Kraft Heinz ( Free Report ) The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands. Recommended Stories Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter .The Left Democratic Front (LDF) and the Bharatiya Janata Party (BJP) were quick to blame it on the minority extremist forces for the United Democratic Front (UDF)’s sterling victory in the Palakkad Assembly byelection. BJP president K. Surendran accused the UDF of aligning with the banned Popular Front of India (PFI) and its political wing Social Democratic Party of India (SDPI). He said it was an unholy deal among the UDF, the SDPI and the Jamat-e-Islami that helped Rahul Mamkootathil win in Palakkad. Communist Party of India (Marxist) [CPI(M)] State secretary M.V. Govindan and district secretary E.N. Suresh Babu too alleged that it was the SDPI and the Jamat-e-Islami that helped the UDF triumph in Palakkad. ‘Rainbow front’ “It was the rainbow front that helped the UDF. It was the SDPI which started celebrating the UDF victory even before the results were out,” they said separately. Describing LDF Independent P. Sarin as a good candidate who gave a neck-and-neck fight to the UDF and BJP, Mr. Govindan said that it was because of Dr. Sarin that the CPI(M) could close its vote gap with the BJP. Dr. Sarin too claimed that he could increase the LDF vote share by nearly 1,000. The UDF could now make the SDPI a member of the front, he said. BJP candidate C. Krishnakumar claimed that his party had retained its vote base in the Palakkad municipality. “However, we will examine the defeat,” he said. The BJP candidate said the former BJP spokesperson Sandeep Varier had made no impact in the election results. “No Varier or Nair could do anything to us,” said Mr. Krishnakumar. ‘Poor candidate selection’ Mr. Varier blamed Mr. Krishnakumar’s defeat on the BJP’s poor candidate selection and held the party State president responsible for it. He said the BJP had no candidate other than Mr. Krishnakumar for all posts, from milk society to Parliament. “The people of Palakkad have destroyed the BJP-CPI(M) deal of communal politics,” he said. Indian Union Muslim League (IUML) State president Syed Sadikali Shihab Thangal said Mr. Mamkootathil overcame all smear campaigns against him. “His majority shows that the people endorsed the UDF policies,” he said. ‘An affront to voters’ IUML national general secretary P.K. Kunhalikutty described the CPI(M) comment about ‘rainbow alliance’ as insulting the voters. “People will laugh at the CPI(M) secretary’s comments. Look at that toxic advertisement that the LDF placed on the Sunni papers on the election eve. It proved futile. The CPI(M) must be regretting now,” he said. Published - November 23, 2024 08:41 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp RedditTAMPA, Fla. (AP) — Jake Evans scored for the career-high fifth consecutive game and the surging Montreal Canadiens beat the Tampa Bay Lightning 5-2 on Sunday night. Christian Dvorak, Joel Armia, Brendan Gallagher and Alex Newhook also scored to help the Canadiens win for the fifth time in six games. Sam Montembeault made 21 saves. Nikita Kucherov and Brandon Hagel scored for Tampa Bay. Jonas Johansson stopped 31 shots. Newhook opened the scoring on a one-timer midway through the first period. Hagel tied it 37 seconds into the second period, but Dvorak and Evans scored 5:54 apart in the period for a two-goal Montreal lead they would not relinquish. SABRES 4, BLUES 2 ST. LOUIS (AP) — Jason Zucker scored a tiebreaking power-play goal with 9:30 remaining and Buffalo notched their third straight victory by beating St. Louis. Jiri Kulich extended Buffalo’s lead with a breakaway goal that went between Blues goalie Jordan Binnington’s legs with 3:41 to play. Tage Thompson had a goal and an assist against his former team as the Sabres won in St. Louis for just the second time in 12 years to sweep the season series. Zucker had a goal and an assist, and Jack Quinn had two assists for Buffalo. Ukko-Pekka Luukkonen stopped 35 shots. Brayden Schenn and Nathan Walker scored for the Blues. Binnington had 12 saves. Buffalo scored on two of its first three shots, including its first of the game. DUCKS 5, OILERS 3 ANAHEIM, Calif. (AP) — Ryan Strome scored with 2:36 remaining as Anaheim rallied from a two-goal deficit in the second period to defeat Edmonton. Strome’s goal, his sixth of the season, originally wasn’t called, but it was reversed after a review. Strome’s shot was entirely over the goal line before Edmonton goalie Calvin Pickard could stop it with his skate. Mason McTavish added an empty-net goal. It is the first time since March 30, 2019, the Ducks have defeated the Oilers by more than one goal. Cutter Gauthier, McTavish and Robby Fabbri each had a goal and an assist. Drew Helleson also scored for Anaheim, which snapped a seven-game losing streak to Edmonton. Lukas Dostal made 20 saves. Leon Draisaitl had two goals and Connor McDavid two assists for the Oilers, who were 3-0-1 in their past four. Evan Bouchard also tallied a goal and Pickard stopped 27 shots. RED WINGS 4, CAPITALS 2 DETROIT (AP) — Patrick Kane reached the 1,300-point mark and Todd McLellan won for the first time as Detroit’s coach in their victory over Washington. Kane, who needed two points to reach that mark, had a power-play goal and assist during Detroit’s four-goal first period. Alex DeBrincat scored two goals and Lucas Raymond added another as the Red Wings snapped a four-game losing streak. Alex Lyon made 26 saves. McLellan prior to . Alex Ovechkin scored for the second consecutive game after missing the previous 16 . The Capitals star forward is 25 goals shy of . Nic Dowd had the other Capitals goal. Charlie Lindgren made 23 saves but Washington remained one point behind first-place New Jersey in the Eastern Conference. PENGUINS 3, ISLANDERS 2 PITTSBURGH (AP) — Sidney Crosby broke Mario Lemieux’s Pittsburgh franchise career record for assists on Michael Bunting’s power-play goal and the Penguins beat New York. Crosby has 1,034 assists, good for 12th in NHL history. Only three players — Ray Bourque, Wayne Gretzky and Steve Yzerman — have more assists with a single team. The 37-year-old Crosby has played 1,310-regular-season games. Lemieux played 915. Evgeni Malkin added the deciding power-play goal in the third for Pittsburgh, which has 14 goals with the man advantage in its last 13 games. Anthony Beauvillier also scored to help the Penguins win for the seventh time in their last eight home games. Alex Nedeljkovic made 29 saves in his first start since Dec. 17. Kris Letang missed the game because of a lower-body injury, and defenseman Nathan Clurman made his NHL debut. Anders Lee and Bo Horvat scored third-period goals for the Islanders, who fell behind 3-0 before their rally fell short. Marcus Hogberg stopped 38 shots during his first start since April 28, 2021. GOLDEN KNIGHTS 3, FLAMES 0 LAS VEGAS (AP) — Brett Howden scored his 15th goal of the season and Ilya Samsonov stopped 31 shots as Vegas Golden defeated Calgary. Howden redirected defenseman Alex Pietrangelo’s shot from the top of the slot late in the second period and is now tied with Ivan Barbashev for the team lead in goals. Howden has scored a goal in four of the last five games. Victor Olofsson and Tanner Pearson also scored for the Golden Knights, who have shut out Calgary twice this season, . Dan Vladar made 34 saves for Calgary. The Golden Knights have now won six straight, the longest active win streak in the NHL, while improving to 25-8-3 on the year. They own a 13-2-1 record against Pacific Division opponents. SENATORS 3, WILD 1 ST. PAUL, Minn. (AP) — Josh Norris broke a tie on a power play with 7:18 left, Leevi Merilainen made 30 saves in his fifth NHL game and Ottawa beat Minnesota. Ottawa has won seven of its past nine games, while the Wild have lost five of their past seven. The Senators won in Minnesota for the first time since 2016. With starter Linus Ullmark and backup Anton Forsberg out with injuries, the Senators have been relying on Merilainen and Mads Sogaard since before the NHL holiday break. Frederick Gaudreau opened the scoring for Minnesota late in the first period. Ridly Greig tied it early in the second. Claude Giroux added an empty-netter. STARS 5, BLACKHAWKS 1 CHICAGO (AP) — Matt Duchene and Jamie Benn each had a goal and two assists, and Dallas beat Chicago. Jason Robertson, Evgenii Dadonov and Wyatt Johnston each had a goal and an assist for Dallas, which had lost three of four. Jake Oettinger made 24 saves. Chicago dropped its fourth consecutive game. It lost three of four in its season series against Dallas. Connor Bedard scored his 10th goal for the Blackhawks, and Arvid Soderblom made 26 stops. Next up for Bedard and company is the Winter Classic on Tuesday against St. Louis. Dallas grabbed control after Chicago forward Tyler Bertuzzi was ejected 8:11 into the second period. Bertuzzi was sent off for elbowing Stars forward Colin Blackwell in the face. The Associated Press

How world leaders are reacting to Jimmy Carter's deathIsrael has agreed to a ceasefire with Hezbollah in Lebanon that will take effect at 4 a.m. Wednesday. Moments after U.S. President Joe Biden announced the ceasefire deal , which Israel's Cabinet approved late Tuesday, an Israeli airstrike slammed into the Lebanese capital. Residents of Beirut and its southern suburbs have endured the most intense day of Israeli strikes since the war began nearly 14 months ago, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold. At least 24 people have killed by Israeli strikes across Lebanon on Tuesday, according to local authorities. Hezbollah also fired rockets into Israel on Tuesday, triggering air raid sirens across the country’s north. An Israel-Hezbollah ceasefire would mark the first major step toward ending the regionwide unrest triggered by Hamas’ attack on Israel on Oct. 7, 2023. But it does not address the devastating war in Gaza. Hezbollah began attacking Israel a day after Hamas’ attack. The fighting in Lebanon escalated into all-out war in September with massive Israeli airstrikes across the country and an Israeli ground invasion of the south. In Gaza, more than 44,000 people have been killed and more than 104,000 wounded in the nearly 14-month war between Israel and Hamas, according to Gaza’s Health Ministry. Here's the Latest: BEIRUT -- Lebanon’s Prime Minister Najib Mikati welcomed the U.S.-brokered ceasefire proposal between Israel and Hezbollah, describing it as a crucial step toward stability, the return of displaced people to their homes and regional calm. Mikati made these comments in a statement issued just after U.S. President Joe announced the truce deal. Mikati said he discussed the ceasefire agreement with Biden by phone earlier Tuesday. The prime minister reaffirmed Lebanon’s commitment to implementing U.N. resolution 1701, strengthening the Lebanese army’s presence in the south, and cooperating with the U.N. peacekeeping force. He also called on Israel to fully comply with the ceasefire and withdraw from southern Lebanon in accordance the U.N. resolution. JERUSALEM — Prime Minister Benjamin Netanyahu’s security Cabinet has approved a ceasefire deal with Hezbollah, clearing the way for the truce to take effect. Netanyahu’s office said the plan was approved by a 10-1 margin. The late-night vote came shortly before President Joe Biden was expected to announced details of the deal in Washington. Earlier, Netanyahu defended the ceasefire, saying Israel has inflicted heavy damage on Hezbollah and could now focus its efforts on Hamas militants in Gaza and his top security concern, Iran. Netanyahu vowed to strike Hezbollah hard if it violates the expected deal. WASHINGTON — Rep. Mike Waltz, President-elect Donald Trump’s designate to be national security adviser, credited Trump’s victory with helping bring the parties together toward a ceasefire in Lebanon. “Everyone is coming to the table because of President Trump,” he said in a post on X on Tuesday. “His resounding victory sent a clear message to the rest of the world that chaos won’t be tolerated. I’m glad to see concrete steps towards deescalation in the Middle East.” He added: “But let’s be clear: The Iran Regime is the root cause of the chaos & terror that has been unleashed across the region. We will not tolerate the status quo of their support for terrorism.” BEIRUT — Israeli jets targeted a building in a bustling commercial area of Beirut for the first time since the start of the 13-month war between Hezbollah and Israel. The strike on Hamra is around 400 meters (yards) from the country’s central bank. A separate strike hit the Mar Elias neighborhood in the country’s capital Tuesday. There was no immediate word on casualties from either strike, part of the biggest wave of attacks on the capital since the war started. Residents in central Beirut were seen fleeing after the Israeli army issued evacuation warnings for four targets in the city. Meanwhile, the Israeli army carried out airstrikes on at least 30 targets in Beirut’s southern suburbs Tuesday, including two strikes in the Jnah neighborhood near the Kuwaiti Embassy. Lebanon’s Health Ministry reported that 13 people were injured in the strikes on the southern suburbs. BEIRUT — Hezbollah has said it accepts the ceasefire proposal with Israel, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state.” of Lebanon, he said. “Any violation of sovereignty is refused.” Among the issues that may remain is an Israeli demand to reserve the right to act should Hezbollah violate its obligations under the emerging deal. The deal seeks to push Hezbollah and Israeli troops out of southern Lebanon. JERUSALEM — Israeli Prime Minister Benjamin Netanyahu said Tuesday that he would recommend his Cabinet adopt a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, as Israeli warplanes struck across Lebanon, killing at least 23 people. The Israeli military also issued a flurry of evacuation warnings — a sign it was aiming to inflict punishment on Hezbollah down to the final moments before any ceasefire takes hold. For the first time in the conflict, Israeli ground troops reached parts of Lebanon’s Litani River, a focal point of the emerging deal. In a televised statement, Netanyahu said he would present the ceasefire to Cabinet ministers later on Tuesday, setting the stage for an end to nearly 14 months of fighting. Netanyahu said the vote was expected later Tuesday. It was not immediately clear when the ceasefire would go into effect, and the exact terms of the deal were not released. The deal does not affect Israel’s war against Hamas in Gaza, which shows no signs of ending. BEIRUT — Lebanon’s state media said Israeli strikes on Tuesday killed at least 10 people in Baalbek province the country’s east. At least three people were killed in the southern city of Tyre when Israel bombed a Palestinian refugee camp, said Mohammed Bikai, a representative of the Fatah group in the area. He said several more people were missing and at least three children were among the wounded. He said the sites struck inside the camp were “completely civilian places” and included a kitchen that was being used to cook food for displaced people. JERUSALEM — Dozens of Israeli protesters took to a major highway in Tel Aviv on Tuesday evening to call for the return of the hostages held by Hamas in Gaza, as the country awaited news of a potential ceasefire in Lebanon between Israel and Hezbollah. Protesters chanted “We are all hostages,” and “Deal now!” waving signs with faces of some of the roughly 100 hostages believed to be still held in Gaza, at least a third of whom are thought to be dead. Most of the other hostages Hamas captured in the Oct. 7, 2023 attack were released during a ceasefire last year. The prospect of a ceasefire deal in Lebanon has raised desperation among the relatives of captives still held in Gaza, who once hoped that the release of hostages from Gaza would be included. Instead of a comprehensive deal, the ceasefire on the table is instead narrowly confined to Lebanon. Dozens of Israelis were also demonstrating against the expected cease-fire, gathering outside Israel’s military headquarters in central Tel Aviv. One of the protesters, Yair Ansbacher, says the deal is merely a return to the failed 2006 U.N. resolution that was meant to uproot Hezbollah from the area. “Of course that didn’t happen,” he says. “This agreement is not worth the paper it is written on.” FIUGGI, Italy — Foreign ministers from the world’s industrialized countries said Tuesday they strongly supported an immediate ceasefire between Israel and Hezbollah and insisted that Israel comply with international law in its ongoing military operations in the region. At the end of their two-day summit, the ministers didn’t refer directly to the International Criminal Court and its recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defense minister over crimes against humanity . Italy had put the ICC warrants on the official meeting agenda, even though the G7 was split on the issue. The U.S., Israel’s closest ally, isn’t a signatory to the court and has called the warrants “outrageous.” However, the EU’s chief diplomat Josep Borrell said all the other G7 countries were signatories and therefore obliged to respect the warrants. In the end, the final statement adopted by the ministers said Israel, in exercising its right to defend itself, “must fully comply with its obligations under international law in all circumstances, including international humanitarian law.” And it said all G7 members — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – “reiterate our commitment to international humanitarian law and will comply with our respective obligations.” It stressed that “there can be no equivalence between the terrorist group Hamas and the State of Israel.” The ICC warrants say there's reason to believe Netanyahu used “starvation as a method of warfare” by restricting humanitarian aid and intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny. BEIRUT — An Israeli strike on Tuesday levelled a residential building in the central Beirut district of Basta — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded in Beirut, according to Lebanon’s Health Ministry. It was not immediately clear if anyone in particular was targeted, though Israel says its airstrikes target Hezbollah officials and assets. The Israeli military spokesman issued a flurry of evacuation warnings for many areas, including areas in Beirut that have not been targeted throughout the war, like the capital’s commercial Hamra district, where many people displaced by the war have been staying. The warnings, coupled with fear that Israel was ratcheting up attacks in Lebanon during the final hours before a ceasefire is reached, sparked panic and sent residents fleeing in their cars to safer areas. In areas close to Hamra, families including women and children were seen running away toward the Mediterranean Sea’s beaches carrying their belongings. Traffic was completely gridlocked as people tried to get away, honking their car horns as Israeli drones buzzed loudly overhead. The Israeli military also issued warnings for 20 more buildings in Beirut’s suburbs to evacuate before they too were struck — a sign it was aiming to inflict punishment on Hezbollah in the final moments before any ceasefire takes hold. TEL AVIV, Israel — The independent civilian commission of inquiry into the October 2023 Hamas attack on Israel has found Prime Minister Benjamin Netanyahu directly responsible for the failures leading up to the attack, alongside former defense ministers, the army chief and the heads of the security services. The civil commission presented its findings today after a four-month probe in which it heard some 120 witnesses. It was set up by relatives of victims of the Hamas attack, in response to the absence of any state probe. The commission determined that the Israeli government, its army and security services “failed in their primary mission of protecting the citizens of Israel.” It said Netanyahu was responsible for ignoring “repeated warnings” ahead of Oct. 7, 2023 for what it described as his appeasing approach over the years toward Hamas, and for “undermining all decision-making centers, including the cabinet and the National Security Council, in a way that prevented any serious discussion” on security issues. The commission further determined that the military and defense leaders bear blame for ignoring warnings from within the army, and for reducing the army’s presence along the Gaza border while relying excessively on technological means. On the day of the Hamas attack, the report says, the army’s response was both slow and lacking. The civil commission called for the immediate establishment of a state commission of inquiry into the Oct. 7 attack. Netanyahu has opposed launching a state commission of inquiry, arguing that such an investigation should begin only once the war is over. JERUSALEM -- The Israeli military says its ground troops have reached parts of Lebanon’s Litani River — a focal point of the emerging ceasefire. In a statement Tuesday, the army said it had reached the Wadi Slouqi area in southern Lebanon and clashed with Hezbollah forces. Under a proposed ceasefire, Hezbollah would be required to move its forces north of the Litani, which in some places is some 30 kilometers (20 miles) north of the Israeli border. The military says the clashes with Hezbollah took place on the eastern end of the Litani, just a few kilometers (miles) from the border. It is one of the deepest places Israeli forces have reached in a nearly two-month ground operation. The military says soldiers destroyed rocket launchers and missiles and engaged in “close-quarters combat” with Hezbollah forces. The announcement came hours before Israel’s security Cabinet is expected to approve a ceasefire that would end nearly 14 months of fighting. BEIRUT — Israeli jets Tuesday struck at least six buildings in Beirut’s southern suburbs Tuesday, including one that slammed near the country’s only airport. Large plumes of smoke could be seen around the airport near the Mediterranean coast, which has continued to function despite its location beside the densely populated suburbs where many of Hezbollah’s operations are based. The strikes come hours before Israel’s cabinet was scheduled to meet to discuss a proposal to end the fighting between Israel and Hezbollah. The proposal calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. There were no immediate reports of casualties from Tuesday’s airstrikes. FIUGGI, Italy — EU top diplomat Josep Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. (edited)WASHINGTON (AP) — A machinists strike. Another safety problem involving its troubled top-selling airliner. A plunging stock price. 2024 was already a dispiriting year for Boeing, the American aviation giant. But when one of the company's jets crash-landed in South Korea on Sunday, killing all but two of the 181 people on board, it brought to a close an especially unfortunate year for Boeing. The cause of the crash remains under investigation, and aviation experts were quick to distinguish Sunday's incident from the company’s earlier safety problems. Alan Price, a former chief pilot at Delta Air Lines who is now a consultant, said it would be inappropriate to link the incident Sunday to two fatal crashes involving Boeing’s troubled 737 Max jetliner in 2018 and 2019. In January this year, a door plug blew off a 737 Max while it was in flight, raising more questions about the plane. The Boeing 737-800 that crash-landed in Korea, Price noted, is “a very proven airplane. "It’s different from the Max ...It’s a very safe airplane.’’ For decades, Boeing has maintained a role as one of the giants of American manufacturing. But the the past year's repeated troubles have been damaging. The company's stock price is down more than 30% in 2024. The company's reputation for safety was especially tarnished by the 737 Max crashes, which occurred off the coast of Indonesia and in Ethiopia less than five months apart in 2018 and 2019 and left a combined 346 people dead. In the five years since then, Boeing has lost more than $23 billion. And it has fallen behind its European rival, Airbus, in selling and delivering new planes. Last fall, 33,000 Boeing machinists went on strike, crippling the production of the 737 Max, the company's bestseller, the 777 airliner and 767 cargo plane. The walkout lasted seven weeks, until members of the International Association of Machinists and Aerospace Workers agreed to an offer that included 38% pay raises over four years. In January, a door plug blew off a 737 Max during an Alaska Airlines flight. Federal regulators responded by imposing limits on Boeing aircraft production that they said would remain in place until they felt confident about manufacturing safety at the company. In July, Boeing agreed to plead guilty to conspiracy to commit fraud for deceiving the Federal Aviation Administration regulators who approved the 737 Max. Acting on Boeing’s incomplete disclosures, the FAA approved minimal, computer-based training instead of more intensive training in flight simulators. Simulator training would have increased the cost for airlines to operate the Max and might have pushed some to buy planes from Airbus instead. (Prosecutors said they lacked evidence to argue that Boeing’s deception had played a role in the crashes.) But the plea deal was rejected this month by a federal judge in Texas, Reed O’Connor , who decided that diversity, inclusion and equity or DEI policies in the government and at Boeing could result in race being a factor in choosing an official to oversee Boeing’s compliance with the agreement. Boeing has sought to change its culture. Under intense pressure over safety issues, David Calhoun departed as CEO in August. Since January, 70,000 Boeing employees have participated in meetings to discuss ways to improve safety. Copyright 2024 The Associated Press . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Established in 2013, the Rwanda Elders Advisory Forum (REAF)’s core mandate is to advise government on national topical issues, national political orientation and challenges pertaining to good governance, justice, economy and social welfare. The organ’s members are described as people of “high moral standing and have significant experience” in national leadership or other prominent roles. ALSO READ: PHOTOS: Kagame graces Tito Rutaremara's 80th birthday Often, on their agenda are discussion points ranging from fostering the country's stability, progress, and social cohesion, in addition to carrying out research on a number of things. “We advise the president, but ultimately, it is his prerogative to decide how, or even if, to act on our recommendations,” Tito Rutaremara, REAF’s Chairperson, told The New Times in an interview. Rutaremara, 80, has a political career spanning over five decades and has held numerous roles, including serving as Ombudsman and chaired the commission that drafted the 2003 constitution. He also served as a senator and member of parliament. He is flanked by over a dozen other seasoned individuals who boast experience not only in leadership but also in aspects like family and parenting, business, research, and beyond. We do all types of research, analysing writings, holding discussions, and studying public opinions, Rutaremara told The New Times. Though it is composed of older people, the forum does research on contemporary topics like the Fourth Industrial Revolution, which, according to Rutaremara, they have carried out a research on Rwanda’s readiness to embrace it. The Fourth Industrial Revolution, often called 4IR or Industry 4.0, is a term used to describe the current era of technological advancement where digital, physical, and biological systems are merging. ALSO READ: Lawmakers endorse Elders Advisory Forum Unlike earlier industrial revolutions, which were driven by steam, electricity, or computers, the fourth industrial revolution is powered by innovations like artificial intelligence (AI), robotics, the Internet of Things (IoT), and biotechnology. A “purely advisory” mandate Rutaremara clarified that REAF's role is purely advisory, and so, to discharge its responsibilities, the forum conducts research, reading, interviews and public consultations and comes up with a position paper which is then presented to relevant organs. REAF's mandate covers a broad range of issues, including national policy direction, governance challenges, justice, the economy, and social welfare. The forum may present its advice either upon the president's request or independently. Members of the council are appointed by the president, who also oversees the forum through his office. The council is typically composed of seven members, although the number can be adjusted as the country’s needs evolve. At least 30 per cent of the members must be female. Making decisions The forum has two main organisational bodies: The Council of Elders, which is REAF’s highest decision-making body, and the Bureau of REAF. The bureau consists of the Chairperson and Vice Chairperson, who are responsible for leading the council's activities, preparing meetings, implementing resolutions, and coordinating with other government bodies to ensure smooth collaboration. The Council of Elders’ decisions are reached through consensus; however, if consensus is not possible, an absolute majority vote among the members present will determine the outcome. REAF operates independently in establishing its internal regulations, provided they align with the law under which it was created. These regulations may be published in the Official Gazette of Rwanda. ALSO READ: Bonding with youngsters, telenovelas, and dancing: The other side of Tito Rutaremara The forum’s members serve a renewable term of five years, during which they have the authority to conduct any research deemed necessary to support their advisory role and to establish regulations for the forum's daily operations. A member may lose their position for several reasons, including the completion of their term, voluntary resignation, or inability to perform their duties due to illness or disability. Behaviour incompatible with the responsibilities of their role, no longer meeting the qualifications that were considered at the time of their appointment, or receiving a prison sentence of six months or more without rehabilitation, may also lead to loss of a position on the forum.", "author": { "@type": "Person", "name": "Jesca Mutamba" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }

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