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DAMASCUS, Syria — Thousands of Syrians gathered in Damascus’ main square and a historic mosque for the first Muslim Friday prayers since former President Bashar Assad was overthrown, a major symbolic moment for the country’s dramatic change of power. The rebels are now working to establish security and start a political transition after seizing the capital Sunday. U.S. Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday, pressing ahead with efforts to unify Middle East nations in support of a peaceful political transition in Syria. It’s part of Blinken’s 12th trip to the Mideast since the Israel-Hamas war erupted last year in Gaza but his first after Assad was ousted. Turkey’s embassy in Damascus will reopen Saturday for the first time in more than a decade, Foreign Minister Hakan Fidan said Friday. The embassy in Damascus suspended operations in 2012 due to the escalating security conditions during the Syrian civil war. The U.S. also made a renewed push for a ceasefire in Gaza, where the war has plunged more than 2 million Palestinians into a severe humanitarian crisis. Israel’s war against Hamas has killed more than 44,800 Palestinians in Gaza, more than half of them women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The October 2023 attack by Hamas in southern Israel that sparked the war killed about 1,200 people, mostly civilians, and about 250 others were taken hostage. Meanwhile, Israeli attacks in and around a hospital in northern Gaza wounded three medical staff overnight into Friday and damaged the isolated medical facility, according to its director. Dr. Hossam Abu Safiya said Israeli quadcopter drones carrying explosives deliberately targeted the emergency and reception area of Kamal Adwan Hospital, where one doctor was wounded for a third time. Abu Safiya said “relentless” drone and artillery strikes throughout the night exploded “alarmingly close” to the hospital, heavily damaging nearby buildings and destroying most of the water tanks on the hospital’s roof and blowing out doors and windows. Kamal Adwan Hospital in the town of Beit Lahiya has been hit multiple times over the past two months since Israel launched a fierce military operation against Hamas in northern Gaza. The Israeli military did not immediately respond to a request for comment on the strikes. Get local news delivered to your inbox!Global Financial Close Management Software Market Size, Share and Forecast By Key Players-SAP, Vena, IBM, BlackLine, FloQast 12-24-2024 06:01 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Market Research Intellect Financial Close Management Software Market USA, New Jersey- According to the Market Research Intellect, the global Financial Close Management Software market is projected to grow at a robust compound annual growth rate (CAGR) of 7.51% from 2024 to 2031. Starting with a valuation of 15.1 Billion in 2024, the market is expected to reach approximately 23.32 Billion by 2031, driven by factors such as Financial Close Management Software and Financial Close Management Software. This significant growth underscores the expanding demand for Financial Close Management Software across various sectors. The Financial Close Management Software market is experiencing significant growth due to the increasing demand for automation and efficiency in financial processes. As businesses strive for faster and more accurate financial reporting, the adoption of such software is expanding across various industries. The growing complexity of regulatory standards and the need for real-time financial insights further drive this growth. Moreover, cloud-based solutions are gaining traction, offering enhanced scalability, flexibility, and cost-effectiveness. The software's ability to streamline tasks like reconciliations, compliance checks, and reporting has made it indispensable for organizations looking to improve financial transparency and reduce errors. Additionally, with advancements in artificial intelligence and machine learning, these platforms are evolving to provide smarter insights, improving decision-making capabilities. As a result, the market is expected to continue expanding, with increasing adoption in both large enterprises and SMEs. The dynamics of the Financial Close Management Software market are influenced by several key factors, including technological advancements, regulatory pressures, and shifting business needs. The shift towards automation and digital transformation is a major driver, as companies seek to reduce manual intervention and increase accuracy in their financial close processes. The increasing complexity of financial regulations and the need for compliance also play a crucial role in the market's expansion. Additionally, the adoption of cloud-based solutions is transforming how organizations manage financial close processes, offering greater flexibility, scalability, and cost-efficiency. However, challenges such as data security concerns and integration complexities with existing systems remain a hurdle. Despite these challenges, the market continues to grow, driven by innovations in AI, machine learning, and analytics that enhance the functionality and value of financial close management solutions. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.marketresearchintellect.com/download-sample/?rid=2470720&utm_source=OpenPr&utm_medium=047 Key Drivers: The growth of the Financial Close Management Software market is driven by several key factors. Technological advancements in Financial Close Management Software have enabled greater efficiency and enhanced capabilities, spurring adoption across industries. Additionally, the rising demand for sustainable and eco-friendly solutions is pushing companies to innovate and adopt greener practices. Expanding applications in sectors like Financial Close Management Software and Financial Close Management Software are further contributing to market demand, as these industries seek advanced solutions to streamline operations and enhance product quality. Favorable government policies and incentives in regions such as North America, Europe, and Asia-Pacific support investment and growth. Moreover, an increasing focus on Financial Close Management Software for improving operational efficiency and cost-effectiveness is encouraging businesses to embrace new technologies, fostering sustained market expansion. Mergers and Acquisitions Mergers and acquisitions (M&A) play a pivotal role in the Financial Close Management Software market, as companies look to expand their capabilities, access new technologies, and strengthen market presence. Leading players engage in strategic acquisitions to consolidate their position and gain a competitive edge. These transactions often facilitate the integration of advanced Financial Close Management Software solutions, helping firms broaden their product portfolios and meet growing customer demands. Additionally, M&A activities support companies in achieving economies of scale and penetrating new regional markets, particularly in high-growth areas like Asia-Pacific. Through such strategic alliances, businesses aim to accelerate innovation, enhance operational efficiency, and address evolving market challenges, ultimately driving the overall growth of the Financial Close Management Software market. Get a Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=2470720&utm_source=OpenPr&utm_medium=047 The following Key Segments Are Covered in Our Report By Type Cloud-based On-Premise By Application Small and medium-sized Company Large Private Company Listed Company Major companies in Financial Close Management Software Market are: SAP, Vena, IBM, BlackLine, FloQast, Oracle, Wdesk, Prophix Software, CCH Tagetik, Planful, Kaufman Hall Axiom Software, Equity Edge, Adra Suite by Trintech, Longview, DataRails Global Financial Close Management Software Market -Regional Analysis North America: North America is expected to hold a significant share of the Financial Close Management Software market due to advanced technological infrastructure and the presence of major market players. High demand across sectors like Financial Close Management Software and Financial Close Management Software is driving growth, with the U.S. being a key contributor. Additionally, ongoing investments in R&D and innovation reinforce the region's strong market position. Europe: Europe is projected to experience steady growth, driven by stringent regulatory standards and a rising focus on sustainability in Financial Close Management Software practices. Countries like Germany, France, and the UK are leading due to their advanced industrial base and supportive government policies. The demand for eco-friendly and efficient Financial Close Management Software solutions is expected to continue fostering market expansion. Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region, fueled by rapid industrialization and urbanization. Countries such as China, India, and Japan are driving demand due to expanding consumer bases and increasing investments in infrastructure. The region's robust manufacturing sector and favorable economic policies further enhance growth opportunities in the Financial Close Management Software market. Latin America: Latin America and the Middle East & Africa are expected to show moderate growth in the Financial Close Management Software market. In Latin America, growth is supported by rising industrial activities in countries like Brazil and Mexico. Meanwhile, in the Middle East & Africa, infrastructure development and an increasing focus on innovation in sectors like Financial Close Management Software are key drivers of market expansion. Middle East and Africa: The Middle East and Africa represent emerging markets in the global Financial Close Management Software market, with countries like UAE, Saudi Arabia, South Africa, and Nigeria showing promising growth potential. Economic diversification efforts, urbanization, and a young population are driving demand for Financial Close Management Software products and services in the region. Frequently Asked Questions (FAQ) 1. What is the current size of the Financial Close Management Software market? Answer: The Financial Close Management Software market was valued at approximately 15.1 Billion in 2024, with projections suggesting it will reach 23.32 Billion by 2031, growing at a CAGR of 7.51%. 2. What factors are driving the growth of the Financial Close Management Software market? Answer: The market's expansion is attributed to several factors, including increased demand for Financial Close Management Software, advancements in Financial Close Management Software technology, and the adoption of Financial Close Management Software across various sectors. 3. Which regions are expected to dominate the Financial Close Management Software market? Answer: Regions such as North America, Europe, and Asia-Pacific are anticipated to lead due to the presence of major industry players and growing investments in Financial Close Management Software. 4. Who are the key players in the Financial Close Management Software market? Answer: Prominent companies in the Financial Close Management Software market include Financial Close Management Software, Financial Close Management Software, and Financial Close Management Software, each contributing to market growth through innovations and strategic partnerships. 5. What challenges does the Financial Close Management Software market face? Answer: The market faces challenges such as Financial Close Management Software, regulatory compliance, and competition from alternative solutions. However, ongoing advancements aim to address these issues. 6. What are the future trends in the Financial Close Management Software market? Emerging trends include the integration of Financial Close Management Software technology, sustainability practices, and digital transformation in processes, all expected to shape the market's future. 7. How can businesses benefit from the Financial Close Management Software market? Answer: Businesses can leverage growth opportunities in the Financial Close Management Software market by adopting new solutions, enhancing operational efficiency, and expanding their offerings to meet evolving consumer demands. 8. Why invest in a Financial Close Management Software market report from MRI? Answer: MRI's report provides in-depth analysis, future projections, and key insights to support strategic decision-making, enabling businesses to stay competitive and capitalize on growth trends in the Financial Close Management Software market. For More Information or Query, Visit @ https://www.marketresearchintellect.com/product/global-financial-close-management-software-market-size-and-forecast/?utm_source=OpenPr&utm_medium=047 About Us: Market Research Intellect Market Research Intellect is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions. Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research. Our research spans a multitude of industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverages, etc. Having serviced many Fortune 2000 organizations, we bring a rich and reliable experience that covers all kinds of research needs. For inquiries, Contact Us at: Mr. Edwyne Fernandes Market Research Intellect APAC: +61 485 860 968 EU: +44 788 886 6344 US: +1 743 222 5439 This release was published on openPR.
CLEVELAND (AP) — Shortly after doing a face-down snow angel, firing a few celebratory snowballs and singing “Jingle Bells” on his way to the media room, Jameis Winston ended his postgame news conference with a simple question. “Am I a Brown yet?” he asked. He is now. And who knows? Maybe for a lot longer than expected. Winston entered Cleveland football folklore on Thursday night by leading the Browns to a 24-19 win over the division rival Pittsburgh Steelers, who had their five-game winning streak stopped. Winston's performance at Huntington Bank Field, which transformed into the world's largest snow globe, not only made him an instantaneous hero in the eyes of Browns fans but added another wrinkle to the team's ever-changing, never-ending quarterback conundrum. In his fourth start since Deshaun Watson's season-ending Achilles tendon injury, Winston made enough big plays to help the Browns (3-8) get a victory that should quiet conjecture about coach Kevin Stefanski's job. Some wins mean more than others. In Cleveland, beating the Steelers is as big as it gets. But beyond any instant gratification, Winston has given the Browns more to consider as they move forward. Watson's future with Cleveland is highly uncertain since it will still be months before the team has a grip on whether he's even an option in 2025, his fourth year since signing a $230 million, fully guaranteed contract that has proven calamitous. It's also possible the Browns will cut ties with Watson. They signed Winston to a one-year contract to be Watson's backup. But the unexpected events of 2024 have changed plans and led to the possibility that the 30-year-old Winston could become Cleveland's full-time QB or a bridge to their next young one. So much is unclear. What's not is that Winston, who leaped into the end zone on fourth-and-2 for a TD to put the Browns ahead 18-6 in the fourth quarter, is a difference maker. With his larger-than-life personality and the joy he shows whether practicing or throwing three touchdown passes, he has lifted the Browns. A man of faith, he's made his teammates believe. Winston has done what Watson couldn't: made the Browns better. “A very, very authentic person,” Stefanski said Friday on a Zoom call. “He’s the same guy every single day. He's the same guy at 5 a.m. as he at 5 p.m. He brings great energy to everything he does, and I think his teammates appreciate that about him.” Winston, who is 2-2 as a starter with wins over the Steelers and Baltimore Ravens, has a knack for inspiring through fiery, preacher-like pregame speeches. But what has impressed the Browns is his ability to stay calm in the storm. “He doesn’t get rattled,” said Myles Garrett, who had three sacks against the Steelers . “He’s just tuned in and focused as anyone I’ve seen at that position. Turn the page. There was a turnover, came back to the sideline, ‘Love you. I’m sorry. We’re going to get it back.’ He was already on to the next one, ‘How can we complete the mission?’ “I have a lot of respect for him. First was from afar and now seeing it on the field in front of me, it’s a blessing to have someone who plays a game with such a passion and want-to. You can’t ask for a better teammate when they take those things to heart and they want to play for you like we’re actually brothers and that’s what we have to attain. That brotherhood.” What's working Winston has done something else Watson couldn't: move the offense. The Browns scored more than 20 points for just the second time this season, and like Joe Flacco a year ago, Winston has shown that Stefanski's system works with a quarterback patient enough to let plays develop and unafraid to take shots downfield. What needs help The conditions certainly were a factor, but the Browns were a miserable 1 of 10 on third down, a season-long trend. However, Cleveland converted all four fourth-down tries, including a fourth-and-3 pass from Winston to Jerry Jeudy with 2:36 left that helped set up Nick Chubb's go-ahead TD run. Stock up RT Jack Conklin. Garrett outplayed Steelers star T.J. Watt in their rivalry within the rivalry partly because Conklin did a nice job containing Pittsburgh's edge rusher, who was held without a sack and had one tackle for loss. Conklin has made a remarkable comeback since undergoing reconstructive knee surgery last year. Stock down Owners Dee and Jimmy Haslam. Their desire to build a dome is well intended, but an indoor game could never come close to matching the surreal setting of Thursday night, when snow swirled throughout the stadium and covered nearly all the yard lines and hash marks. “It was beautiful,” Winston said. Injuries WR Cedric Tillman is in the concussion protocol. He had two catches before taking a big hit on the final play of the third quarter. Key numbers 9 — Consecutive home wins for the Browns in Thursday night games. Three of those have come against Pittsburgh. What's next An extended break before visiting the Denver Broncos on Dec. 2. ___ AP NFL: https://apnews.com/hub/NFL Tom Withers, The Associated PressCenter Tomas Hertl makes his first visit to the SAP Center since being traded last season when the Pacific Division-leading Vegas Golden Knights visit the San Jose Sharks on Friday. Hertl was the 17th overall pick of the 2012 NHL Draft by San Jose and in 11 seasons collected 218 goals and 484 points -- the sixth-most in franchise history. San Jose dealt him to the Golden Knights ahead of the trade deadline in March. A video tribute will be played to commemorate his return. "I'm excited for it," said Hertl, 31. "I can't really tell how the feeling (will be) right now. We are going to be on other side in the visiting team (locker room). "We had some great runs. I played there a long time, but I still want to take the two points from there and have a good game. ... I really don't know what to expect because I haven't been in this situation before in my life." Hertl has 10 goals, including a team-high seven on the power play, and 24 points for Vegas. He scored the team's go-ahead goal and had an assist in the team's last game before the holiday break, a 3-1 home victory over the Anaheim Ducks on Monday. The Golden Knights went into the break with an NHL-best .721 points percentage thanks in part to an 8-1-0 mark in December. The team brings a four-game winning streak with it to San Jose and is 25-2-5 all-time in the regular season against the Sharks, including 12-0-3 in San Jose. The Golden Knights are 19-3-2 against Western Conference teams and 11-2-1 against Pacific Division rivals. "Right now in the (Western Conference) I certainly feel we're going as well as anybody, and that's a credit to the guys," Vegas coach Bruce Cassidy said. San Jose is last the Pacific with 28 points, 21 fewer than the Golden Knights, and has lost five in a row since winning 4-3 at St. Louis on Dec. 12. Four of those losses were by one goal, including an overtime loss at defending Western Conference champion Edmonton, 3-2 last Saturday. The Sharks are coming off a 4-3 loss at Vancouver on Monday, when they surrendered three goals in the span of 70 seconds late in the second period to fall behind 4-1. "Today was four or five minutes, and we lose a hockey game because of it," San Jose coach Ryan Warsofsky said Monday. "So, it's frustrating. I feel for the guys because I thought we had a good effort tonight. We competed, we pushed back, but we have to learn from it and move on. ... We got to find some mental toughness to push through and stick together and do things and clamp it down and keep it simple." San Jose's six-game homestand begins with a back-to-back against the Golden Knights and Calgary Flames. The Sharks are 6-9-1 at home this season but will be facing a Vegas team that is 9-5-3 on the road. This is the second of three meetings between the two teams. Vegas won the first one 7-3 on Oct. 26 in Las Vegas behind one goal and two assists apiece from Mark Stone and Pavel Dorofeyev. This article first appeared on Field Level Media and was syndicated with permission.NEW DELHI (AP) — India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic reform program and a landmark nuclear deal with the United States, has died. He was 92. Singh was admitted to New Delhi’s All India Institute of Medical Sciences late Thursday after his health deteriorated due to a “sudden loss of consciousness at home,” the hospital said in a statement. “Resuscitative measures were started immediately at home. He was brought to the Medical Emergency” at 8:06 p.m., the hospital said, but “despite all efforts, he could not be revived and was declared dead at 9:51 p.m.” Singh was being treated for “age-related medical conditions,” the statement said. A mild-mannered technocrat, Singh became one of India’s longest-serving prime ministers for 10 years and leader of the Congress Party in the Parliament's Upper House, earning a reputation as a man of great personal integrity. He was chosen to fill the role in 2004 by Sonia Gandhi, the widow of assassinated Prime Minister Rajiv Gandhi . But his sterling image was tainted by allegations of corruption against his ministers. Singh was reelected in 2009, but his second term as prime minister was clouded by financial scandals and corruption charges over the organization of the 2010 Commonwealth Games. This led to the Congress Party’s crushing defeat in the 2014 national election by the Hindu nationalist Bharatiya Janata Party under the leadership of Narendra Modi . Singh adopted a low profile after relinquishing the post of prime minister. Prime Minister Modi, who succeeded Singh in 2014, called him one of India’s “most distinguished leaders” who rose from humble origins and left “a strong imprint on our economic policy over the years.” “As our Prime Minister, he made extensive efforts to improve people’s lives,” Modi said in a post on the social platform X. He called Singh’s interventions in Parliament as a lawmaker “insightful” and said “his wisdom and humility were always visible.” Rahul Gandhi, from the same party as Singh and the opposition leader in the lower house of the Indian Parliament, said Singh’s “deep understanding of economics inspired the nation” and that he “led India with immense wisdom and integrity.” “I have lost a mentor and guide. Millions of us who admired him will remember him with the utmost pride,” Gandhi wrote on X. Born on Sept. 26, 1932, in a village in the Punjab province of undivided India, Singh’s brilliant academic career took him to Cambridge University in Britain, where he earned a degree in economics in 1957. He then got his doctorate in economics from Nuffield College at Oxford University in 1962. Singh taught at Panjab University and the prestigious Delhi School of Economics before joining the Indian government in 1971 as economic advisor in the Commerce Ministry. In 1982, he became chief economic adviser to the Finance Ministry. He also served as deputy chair of the Planning Commission and governor of the Reserve Bank of India. As finance minister, Singh in 1991 instituted reforms that opened up the economy and moved India away from a socialist-patterned economy and toward a capitalist model in the face of a huge balance of payments deficit, skirting a potential economic crisis. His accolades include the 1987 Padma Vibhushan Award, India’s second-highest civilian honor; the Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995; and the Asia Money Award for Finance Minister of the Year in 1993 and 1994. Singh was a member of India’s Upper House of Parliament and was leader of the opposition from 1998 to 2004 before he was named prime minister. He was the first Sikh to hold the country’s top post and made a public apology in Parliament for the 1984 Sikh Massacre in which some 3,000 Sikhs were killed after then-Prime Minister Indira Gandhi was assassinated by Sikh bodyguards. Under Singh, India adopted a Right to Information Act in 2005 to promote accountability and transparency from government officials and bureaucrats. He was also instrumental in implementing a welfare scheme that guaranteed at least 100 paid workdays for Indian rural citizens. The coalition government he headed for a decade brought together politicians and parties with differing ideologies that were rivals in the country’s various states. In a move hailed as one of his biggest achievements apart from economic reforms, Singh ended India’s nuclear isolation by signing a deal with the U.S. that gave India access to American nuclear technology. But the deal hit his government adversely, with Communist allies withdrawing support and criticism of the agreement growing within India in 2008 when it was finalized. Singh adopted a pragmatic foreign policy approach, pursuing a peace process with nuclear rival and neighbor Pakistan. But his efforts suffered a major setback after Pakistani militants carried out a massive gun and bomb attack in Mumbai in November 2008. He also tried to end the border dispute with China, brokering a deal to reopen the Nathu La pass into Tibet, which had been closed for more than 40 years. His 1965 book, “India’s Export Trends and Prospects for Self-Sustained Growth,” dealt with India’s inward-oriented trade policy. Singh is survived by his wife Gursharan Kaur and three daughters. Associated Press writer Sheikh Saaliq in New Delhi contributed to this report.
AP Business SummaryBrief at 5:48 p.m. EST
BRUSSELS , Dec. 24, 2024 /PRNewswire/ -- In an upcoming EU Reporter interview , M. Shigeo Katsu , Founding President of Nazarbayev University (NU) and a key architect of Kazakhstan's education reforms, will address the escalating scandal surrounding financial mismanagement at the country's flagship higher education institution. The crisis gained public attention following the announcement of the state audit results of Nazarbayev University. The revelations have sparked widespread concerns about transparency and oversight at one of Central Asia's most prestigious universities. Adding to the controversy are allegations of financial mismanagement involving the New Generation Foundation, the Jusan Group — entities originally established to ensure the long-term financial sustainability of NU and Nazarbayev Intellectual Schools (NIS). Questions have also been raised about the state of affairs at NU's Social Development Fund. Reports suggest that funds may have been misappropriated, triggering outrage from students, educators, and civil society. In response, a student initiative group from Nazarbayev University issued an open letter demanding the release of both the state audit and NU's internal audit of the Social Development Fund. The letter also calls for greater accountability, enhanced transparency, and the protection of students' rights. This appeal reflects mounting frustration with the university's leadership and a growing demand for immediate corrective action. Shigeo Katsu's interview will shed light on these unfolding developments. As a former leader of NU, Katsu is uniquely positioned to analyze the root causes of the crisis, critique the university's response, and discuss the broader implications for Kazakhstan's education sector. The full interview can be found here: https://www.eureporter.co/kazakhstan-2/2024/12/23/the-battle-for-nazarbayev-universitys-future-shigeo-katsu-on-financial-mismanagement-and-accountability/ The Battle for Nazarbayev University's Future: Shigeo Katsu on Financial Mismanagement and Accountability In light of recent controversies surrounding the financial governance of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS), an open letter from concerned students has surfaced, addressing the troubling mismanagement of funds and alleged conflicts of interest. The letter highlights a series of financial decisions that led to the unraveling of key institutions meant to ensure the long-term stability of NU and NIS. The students are particularly concerned about the fate of the Jusan Group and the Nazarbayev Fund (NGF), which were once positioned to secure the financial future of these two leading educational institutions. Instead, they allege that significant funds were misappropriated and whole organizations lost, leading to the collapse of what was once a promising financial structure. In response, Shigeo Katsu , the Founding President of Nazarbayev University, has also written an open letter , received by EU Reporter, addressing the ongoing crisis and providing his perspective on the unfolding situation. In his letter, Katsu outlines the rationale of engagement in the financial sector and the erosion of the initial vision for NU, highlighting the role of key financial institutions like Jusan Bank and the NGF in securing a stable future for the university and NIS. He draws attention to the series of decisions that led to the loss of the former and calls for urgent remedial actions to prevent further damage to the institutions' credibility and financial stability . In this exclusive interview with EU Reporter , Shigeo Katsu , the Founding President of Nazarbayev University, sheds light on these pressing issues. He discusses the audit findings, the role of Jusan Bank , and what must be done to restore trust and secure the future of NU and NIS. Bio: Mr. Shigeo Katsu is the Founding President of Nazarbayev University. He held the position of President from December 2010 until June 2023 . He was Chair of the Board of Trustees of an affiliated secondary school system, the Nazarbayev Intellectual Schools, and of the University's hospital system. Prior to the assignments in Kazakhstan , over the course of a 30-year career at the World Bank, Mr. Shigeo Katsu held various positions including leading financial sector reform support for China , Director for Cote d'Ivoire , and Vice President for Europe and Central Asia . After his retirement from the World Bank, he served for a few years on the US board of a youth-oriented international development NGO. Between 2011 and 2015 he was an Advisory Panel member of the ASEAN+3 Macroeconomic Research Office (AMRO). Questions: - We have exclusively published your open letter and anticipate that it will generate a significant response. What drove you to write it, particularly in light of the misuse of funds intended to ensure the long-term financial stability of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS)? The decision to write the open letter was not made lightly. It was driven by a profound sense of responsibility to the students, faculty, and broader community of Nazarbayev University (NU) and Nazarbayev Intellectual Schools (NIS). These institutions were established with a vision to create world-class educational hubs in Kazakhstan and establish a center of excellence for academic research. Ensuring their financial independence and long-term stability is a core requirement to achieve the two institutions' mission. However, recent developments revealed through state and internal audits have exposed serious breaches of trust. The misuse of funds from entities like the University's Social Development Fund, New Generation Foundation, and Jusan Group directly threatens the sustainability of NU and NIS. These funds were meant to build up and guarantee the financial security of the institutions. Instead, we now see signs of embezzlement, mismanagement, and a concerning lack of accountability. The role played by key figures like the directors and executives of NGF, of Aslan Sarinzhipov (Executive Vice President of NU, a former Minister of Education) and Kadisha Dairova (Vice President for Student Affairs and International Cooperation, Nazarbayev University) only adds to the gravity of the situation. By writing the letter, my goal was to bring transparency to the issue and to mobilize public attention and international scrutiny. NU and NIS were founded on principles of meritocracy, transparency, and academic freedom. If we allow these values to be compromised, we risk undoing more than a decade of progress. The letter serves as a call for accountability, reform, and most importantly, protection of the future of Kazakhstan's youth. - Many students and alumni of NU have expressed their concern over the lowering of admission standards and the shift away from international standards. How do you assess these changes, and do you see them as diverging from the original vision for NU? NU was conceived as a model of excellence , designed to meet international standards in research, teaching, and governance. One of its founding principles was merit-based admission , which ensured that students were selected solely based on their ability and potential. This meritocratic foundation was not only an academic principle but a reflection of NU's mission to transform Kazakhstan's education system. Students, alumni, faculty and staff have worked hard to build NU's name. Now students, alumni and parents are rightly concerned that the lowering of admission standards undermines this mission and risks eroding the university's reputation both domestically and internationally. Such changes create the perception that NU is moving away from its original vision of being a world-class institution. To restore confidence, NU must reaffirm its commitment to international standards, transparency, and academic rigor. Reverting to merit-based admissions and prioritizing excellence will send a clear message that the institution remains steadfast in its mission. In the Open Letter, I stated that in theory, a policy of opening the entry door wider, but then be resolutely strict in terms of progression and graduation based on academic integrity and merit could work. There are some cases globally. However, it can only work if there is a full commitment to integrity and merit, openness and transparency, and NU's original values are upheld. But unfortunately, what I have observed and heard about recent developments at NU does not make me optimistic. While administration is supposedly in a belt-tightening mode, new senior positions were created and filled with scant regard for a proper hiring process and qualification. Conflict of interest and restrictions on hiring family members have been discarded. These are just a few of the institutional changes that will inevitably bleed over into the academic fabric as well. Is this the example that senior management wants to present to our students? - Do you believe the current situation, where the financial foundations like the Social Development Fund and New Generation Foundation were mismanaged, reflects a broader crisis within Kazakhstan's governance and democracy? Absolutely, but to be fair, this corporate governance crisis is not just limited to Kazakhstan . The findings of the internal audit conducted by NU on the Social Development Fund (SDF) reveal a systemic absence of check and balances and accountability that extends beyond these institutions. Mismanagement and theft, such as those involving Aslan Sarinzhipov , have not only undermined NU and NIS but also shaken public trust in Kazakhstan's leadership. The financial institutions linked to NU and NIS—Nazarbayev Fund, New Generation Foundation, and Jusan Group — were designed to guarantee long-term financial stability for education in Kazakhstan , securing the futures of NU and NIS for decades. However, NGF and Jusan Group's systematic depletion and dismantling highlight the country's struggle with accountability and the need for deep structural reform. This mismanagement reflects broader governance failings—particularly a lack of oversight, transparency, and mechanisms to prevent conflicts of interest. I cannot pronounce myself on the current status of the NF, but I would not be surprised if one discovers similar shortcomings there as well. I had called for an audit for some time until my departure but was not successful. The impact extends beyond education, affecting the economic and social fabric of Kazakhstan . Addressing these issues requires not just reforms within these organizations but also a renewed commitment to governance, accountability, and emphasis on establishing the rule of law. - With the financial stability once promised by entities like the NGF now in jeopardy, how do you envision NU's future without those foundational guarantees? The original intent of the Nazarbayev Fund, New Generation Foundation, and Jusan Group was to provide NU and NIS with long-term financial stability. These entities were carefully designed to ensure that Kazakhstan's leading educational institutions could eventually operate in a manner less affected by state budget fluctuations. However, as the audits reveal, these institutions have been systematically mismanaged and looted, jeopardizing the financial future of NU and NIS. NU's survival and success now depend on a bold and transparent strategy. The first step is to rebuild trust with the public, students, and alumni by publishing the findings of both the state audit of NU and the internal audit of SDF. Then, those responsible are held accountable. Financially, NU must re-establish a diversified funding model. This includes rebuilding its endowments and enhancing additional revenue streams, such as a logical and sound tuition policy, executive education and collaboration with industry and business in the form of contract research. Transparency and governance reform will be key to attract donors and investors who believe in NU's mission and potential. - The Supreme Audit Chamber of Kazakhstan , in its state audit, reported the mismanagement of 73.5 billion tenge at Nazarbayev University , as well as allegations of half a billion tenge being used illegally. What is your opinion on this, and how should the university address governance and corruption issues? I have not had the opportunity to access the state audit report, thus it is difficult to comment. If the cited amount in mismanagement of 73.5 billion tenge over six years is true, it is scandalous. However, we do not know what the auditors' definition and criteria of mismanagement is. So, let's first find out what the report actually says. What is clear, however, is the outcome of a 2023 internal audit of NU's Social Development Fund (SDF) , and it is sobering. This SDF audit reveals a blatant disregard of corporate governance principles, where individuals entrusted with university resources prioritized personal gain over the mission of NU. The audit revealed that SDF management led by current NU Executive Vice President Aslan Sarinzhipov constructed an intricate web of subsidiary entities, including abroad, to systematically evade the oversight and control of the University. Funds ( over 14 billion tenge ) meant to assist students and faculty were used for personal gains of Aslan Sarinzhipov and questionable deals. Unfortunately, NU senior officials such as Vice President Kadisha Dairova participated in such schemes. When I voiced my concern earlier over the developments at NU, it is largely because of the track record of senior officials there. For NU to move forward, it must adopt zero-tolerance policies for corruption, demand accountability from those responsible, and reform its governance structures to ensure transparency. - Why do some claim there is a lack of funds for NU and NIS, despite the promises of financial stability from their endowment funds? The claim of a lack of funds is a direct consequence of the systematic looting of resources from the New Generation Foundation and Jusan Group. These entities were explicitly designed to contribute to NU and NIS' long-term financial sustainability against the backdrop of reduced state funding. However, as I described in my Open Letter, these innovative financial structures have been undermined by mismanagement, and outright theft. For instance: Rebuilding financial stability will require recovering stolen assets, reforming governance structures, and restoring public trust through full transparency and accountability. - Given the scale of financial mismanagement, what steps are necessary to ensure accountability for those involved, including senior officials? Accountability must begin with transparency. First, all findings from the audits should be made public, and independent investigations should be conducted to identify those responsible. No individual, regardless of rank or influence, should be above scrutiny. Second, legal consequences must follow where wrongdoing is found. Kazakhstan's legal system must demonstrate its independence and commitment to justice by prosecuting those who exploited these funds. Finally, governance reforms are essential. NU and its associated entities must implement stricter checks and balances, including external audits, whistleblower protections, and oversight committees with independent members. These steps are not just about rectifying past mistakes—they're about ensuring a future where such mismanagement cannot happen again. - The audit findings were just the beginning of uncovering deeper issues. Is there more information you can share about how these financial foundations were exploited and what this means for the future of NU and NIS? The patterns that have emerged—opaque transactions, conflicts of interest, and questionable settlements—are deeply troubling. For instance, the transfer of assets to private hands under unclear terms raises red flags about the intentions behind such decisions. This exploitation puts the futures of NU and NIS at risk. These institutions were designed to be financially independent, insulated from political and economic volatility. The weakening of their financial foundations erodes their ability to deliver on their missions and betrays the trust of the Kazakhstani people, who have invested in these institutions through their taxes. The way forward requires not just recovering lost assets but rebuilding the governance systems that allowed this exploitation to occur. - Nazarbayev University was founded with a mission to serve as a model for higher education in Kazakhstan , supported by funds like those from the Nazarbayev Fund and New Generation Foundation. What was your original vision for the university, and how did these funds play a critical role in realizing that vision? The vision for NU was bold: to create an institution that could compete with the best universities in the world while serving as a model for higher education reform in Kazakhstan . From day one, we envisioned NU as a hub for innovation, research, and leadership development—a place where the brightest minds could come together to solve the challenges of tomorrow. However, one should not forget that universities, in particular research universities, are a long-term endeavor. They are meant to educate and develop generations upon generations of leaders and professionals in a broad range of sectors, and thus contribute to the scientific, economic, and societal wealth of countries. Building a strong institution that can meet the test of time requires long-term and unwavering commitments to foundational values such as integrity, meritocracy, excellence, openness and transparency. But of course, strong financial support from government and other stakeholders is needed, especially in the first decades. Thus, it was understood that NU would be dependent on state funding (through education grants and capital investments) for the initial decades of its existence, while in the meantime it would develop other sources of financing such as through endowment funds, tuition, and contract research. The Nazarbayev Fund, NGF and the Jusan Group were integral parts of this vision. This overall construct allowed us to recruit world-class faculty, develop state-of-the-art facilities, and provide scholarships to talented students, many from underprivileged backgrounds. These resources weren't just financial—they were a vote of confidence in NU's mission and a recognition of the transformative power of education. The loss of these resources is a significant setback, but I do hope that NU can recover. The university must focus on rebuilding trust with its stakeholders—students, faculty, alumni, and the public. This starts with transparency in financial management and governance. Diversifying funding sources will be crucial. This includes rebuilding its endowments, engaging with the philanthropic community, and developing innovative revenue streams. But most importantly, NU must stay true to its mission and values. Financial stability is important, but it must never come at the cost of compromising the university's integrity or academic excellence. Restoring NU's credibility begins with transparency. For instance, the university must share the audit report with stakeholders, and openly address any major shortcomings highlighted in the audit, including financial mismanagement and governance failures. An independent investigation, followed by public disclosure of findings, will demonstrate a commitment to accountability. Next, an affirmation of NU's commitment to its foundational values and principles is needed. Next, institutional reforms are essential. This includes introducing stronger oversight mechanisms for financial and administrative processes, ensuring that governance boards are staffed with individuals of the highest integrity and independence, and that management, faculty and staff are recruited on the basis of transparency and merit. Fourth, NU must recommit itself to its founding mission of academic excellence. This means maintaining rigorous admission standards, prioritizing high-quality faculty recruitment, and fostering research that addresses national and global challenges. And finally, engaging the NU community—students, faculty, alumni, and parents—in shaping the university's path forward is critical. A transparent, inclusive process will rebuild trust and reaffirm NU's position as a leader in higher education. Educational reform is not just critical—it is foundational to Kazakhstan's economic recovery and long-term stability. The pandemic exposed vulnerabilities in education systems worldwide, but it also underscored the importance of adaptability, innovation, and resilience. For Kazakhstan , investing in education means investing in the future. A well-educated population is essential for diversifying the economy, attracting foreign investment, and fostering innovation. Institutions like NU and NIS must lead the way by setting benchmarks for quality and demonstrating the value of education in driving economic progress. Moreover, reform must focus on equity. Expanding access to high-quality education for students from socially vulnerable backgrounds will ensure that economic recovery benefits all segments of society, not just the privileged few. - How do you see the role of institutions like NU and NIS in not only providing quality education but also contributing to economic growth in Kazakhstan , especially when financial stability is threatened? NU and NIS are more than educational institutions—they are catalysts for economic growth and social development. By equipping students with critical thinking skills, technical expertise, and a global perspective, they prepare the workforce needed to diversify Kazakhstan's economy. Their impact extends beyond classrooms. NU's research contributes to solving national challenges in areas like energy, healthcare, and technology. Meanwhile, NIS fosters innovation and leadership at the secondary education level, creating a pipeline of talent that benefits universities and industries alike. To sustain this role, NU and NIS must secure their financial stability. This includes strengthening governance, diversifying funding sources, and forging partnerships with the private sector and international organizations. These institutions are vital to Kazakhstan's future, and their success is intertwined with the country's broader economic ambitions. - Could the model used by NU and supported by the Nazarbayev Fund be applied in other countries, or does it require a uniquely Kazakh approach to work effectively? The NU model is innovative, but its core principles—integrity, meritocracy, autonomy, and a focus on global best practices—are universally applicable. Many countries could benefit from establishing institutions that prioritize excellence and align with international standards. That said, successful implementation depends on adapting the model to local contexts. Kazakhstan's approach benefited from strong initial financial and political backing, and a vision that emphasized independence from political and state bureaucratic interference. Replicating this requires careful consideration of governance structures, funding mechanisms, autonomy and other values, and cultural factors. In countries where philanthropic traditions or financial resources are limited, the model may need to rely more on public-private partnerships or international collaborations. Ultimately, the NU experience demonstrates that ambitious goals in education are achievable with the right vision, leadership, and long-term commitment support. - What lessons do you hope others will learn from the experience of the NGF, Jusan Bank , and the financial turmoil at NU? The story of NU and its financial affiliates offers a critical lesson: no institution, no matter how noble its mission, is immune to mismanagement and corruption without strong governance. NU and NIS' financial pillars, namely the Nazarbayev Fund, NGF, Jusan Group, but also the SDF and NIS' Corporate Development Fund were designed to guarantee long-term financial sustainability, yet their exploitation demonstrates how quickly trust can be eroded when transparency and accountability are neglected. For any endowment fund or financial institution, the following lessons are clear: NU's experience is a cautionary tale but also an opportunity. By addressing these failures head-on, NU can emerge as a model for how institutions can learn from adversity and rebuild stronger than before. View original content to download multimedia: https://www.prnewswire.com/news-releases/nazarbayev-university-crisis-shigeo-katsu-demands-audit-transparency-302338886.html SOURCE EU ReporterBillionaire Elon Musk had accused MacKenzie Scott of being one of the "super rich-ex-wives" who would contribute to "reasons that Western Civilization died" following which Scott doubled her donations to philanthropic causes. Now, the Tesla and SpaceX CEO, who recently admitted to using Ozempic-like weight loss drugs, has taken a fresh dig at her over her charitable donations. Musk shared an X post by John LeFevre on Monday that criticizes Scott's donations to nonprofits that focus on liberal issues like immigration rights, LGBTQ+ rights, racial equity, and social justice causes. WNBA star tells Elon Musk to 'go back to Africa' after Donald Trump failure Musk warned he's 'making enemies and will get hurt' if he doesn't quit politics LeFevre sounds alarm over the same post, saying: "She's just getting started." Musk agrees with LeFevre's criticism as he reshared the post with a single-word comment: "Concerning." Scott, the former wife of Amazon founder, Jeff Bezos has donated over $19 billion to more than 2,450 non-profit organizations through her organization Yield Giving since 2019. Courtesy of Amazon's rising share values, Scott's net worth is above $30 billion and she shows no signs of slowing down on donations. Musk, a close ally to President-elect Donald Trump , is the world's richest man and has made more than $270 million to help Trump win. This is not the first time he has attacked Scott for supporting progressive issues. In a now-deleted X post from March, Musk wrote: "'Super rich ex-wives who hate their former spouse' should be listed among 'Reasons that Western Civilization died.'" Two weeks after his post, Scott announced she was doubling the size of her donations to $640 million across 361 nonprofits. DON'T MISS: Russia attacks Ukrainian energy system with drone missiles on Christmas Day [NEW] More than 30 feared to be dead in Azerbaijan plane crash en route to Russia [CHILLING] Drone warning issued as mystery sightings surge - new tech used to fight back [EXCLUSIVE] Concerning https://t.co/C11Lnm8XeH — Elon Musk (@elonmusk) December 23, 2024 On Dec. 18, Scott announced that Yield Giving had given "about $2,004,400,000 in gifts to the 199 organizations." "Roughly 75% of them are non-profits that support the economic security and opportunity of people who are struggling by improving access to affordable housing, jobs that provide stability for themselves and their families, child development and post-secondary education, healthcare, and financial counseling, business coaching, and low-interest rate loans focused on increasing economic potential and building wealth. The others support well-being through other means, such as work on human rights and natural resources conservation," she wrote. Scott also explained the gift-making process where instead of withdrawing funds from a bank account or stock portfolio that "increases the wealth and influence of leaders who already have it," she withdraws them from "a portfolio of investments in mission-aligned ventures, with leaders from the populations they are serving, or from generally undercapitalized groups like women and people of color." "In this way, the money can help address these issues twice, first by advancing economic mobility and unlocking the innovation and social benefit that comes from incorporating diverse needs and perspectives in the world being constructed around us, and next in the hands of experienced non-profit teams creating value through their transformative models of care and change," Scott explained.
GRAND FORKS — The Myra Foundation this year gave more than $700,000 to Grand Forks County organizations, bringing the foundation's all-time total of monetary awards to more than $13.5 million. All told, 2024's awards came to $715,510, given to 74 organizations. The foundation — which began distributing funds in 1957 — "continues to both give and grow," according to its president. ADVERTISEMENT “It was the first private charitable foundation of its kind in the state of North Dakota," John Botsford said in a release sent to the media. "No one at the time could have imagined its long-term impact. Our board feels very fortunate to play a part.” Botsford is among three trustees who administer the foundation. The others are Tracy Kennedy and Emily Montgomery. The Myra Foundation was created from the estate of John E. Myra to award grants within Grand Forks County. Grants are awarded to charities in Grand Forks County for charitable, character building and educational purposes. According to the release, "this year's recipients include local schools and scholarships, health care organizations, rural emergency services, social assistance organizations, arts groups, youth causes and many more." This year's recipients were: Altru Family YMCA; Altru Health Foundation; Art Matters; ArtWise; BIO Girls; Circle of Friends Animal Shelter/Humane Society of Grand Forks; City of Gilby, North Dakota; Great American Folk Show; Community Violence Intervention Center; Edna Ralston Library; Emerado Cemetery; Emerado Park District; Empire Arts Center; FIRST Robotics Team #8188 Grand Force; Girl Scouts - Dakota Horizons; Grand Cities Children's Choir; Grand Forks Children's Museum, Inc; Grand Forks Children's Museum, Inc Naming Rights; Grand Forks Chorales, Inc.; Grand Forks County 4-H Organization; Grand Forks County Historical Society; Grand Forks Foundation for Education, Inc. – The Big Red Reading Bus; Grand Forks Girls Fastpitch; Grand Forks Parks & Recreation Foundation; Grand Forks Public Library; Grand Forks Public Schools 2025 Jazz Festival; ADVERTISEMENT Grand Forks Senior Center; Greater Grand Forks Community Corrections Advisory Board; Greater Grand Forks Community Theatre; Greater Grand Forks Fair & Exhibition; Gro.UND Learning Gardens; Hospice of the Red River Valley; Journey Home Animal Rescue; Larimore Fire Protection District; Larimore Football; Larimore Park Board; LHS Trap Team; Listen Center Inc. Manvel Community Center Incorporated; Manvel Museum (Manvel Heritage Center); Manvel Park Board; MyAlly Health Patient Financial Assistance; MyAlly Health Prescription Medication Assistance; ND Ballet Company; NDSU Extension Grand Forks County Gardening Saturday; North Dakota Museum of Art; North Dakota Shakespeare Festival; North Dakota-Manitoba District of the Metropolitan Opera Laffont Competition; Northern Lights Council of Boy Scouts of America Inc.; Northern Valley Youth Orchestras; Northlands Rescue Mission Inc; Northwood Deaconess Health Center; Operation Homefront, Inc.; Prairie Harvest Mental Health; Public Art Commission; Red River Valley Athletics.org; Santa Claus Girls; Sox For Kids; Special Olympics North Dakota; St. Joseph's Social Care; The Arc Upper Valley; the Empty State Theatre; The Grand Forks Salvation Army; The Summer Performing Arts Company; The Village Family Service Center; Third Street Clinic; Thompson Wrestling Club; United Day Nursery Inc.; United Way of Grand Forks, East Grand Forks & Area; University of North Dakota Foundation; University Park Neighborhoods; Valley Senior Living Foundation; Women's Fund; Youth Works DIVERT.Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26. Balaji worked at OpenAI for nearly four years before quitting in August. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI's strongest contributors who was essential to developing some of its products.
Unique among 'Person of the Year' designees, Donald Trump gets a fact-check from Time magazine Time magazine gave Donald Trump something it has never done for a Person of the Year designee: a lengthy fact-check of claims he made in an accompanying interview. David Bauder, The Associated Press Dec 13, 2024 2:46 PM Dec 13, 2024 2:50 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - President-elect Donald Trump speaks during a Time magazine Person of the Year event at the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon, File) Time magazine gave Donald Trump something it has never done for a Person of the Year designee: a lengthy fact-check of claims he made in an accompanying interview. The fact-check accompanies a transcript of what the president-elect told the newsmagazine's journalists. Described as a “12 minute read,” it calls into question 15 separate statements that Trump made. It was the second time Trump earned the Time accolade; he also won in 2016, the first year he was elected president. Time editors said it wasn't a particularly hard choice over other finalists Kamala Harris, Elon Musk, Benjamin Netanyahu and Kate Middleton. Time said Friday that no other Person of the Year has been fact-checked in the near-century that the magazine has annually written about the figure that has had the greatest impact on the news. But it has done the same for past interviews with the likes of Joe Biden, Netanyahu and Trump. Such corrections have been a sticking point for Trump and his team in the past, most notably when ABC News did it during his only debate with Democrat Kamala Harris this fall. There was no immediate response to a request for comment on Friday. In the piece, Time called into question statements Trump made about border security, autism and the size of a crowd at one of his rallies. When the president-elect talked about the “massive” mandate he had received from voters, Time pointed out that former President Barack Obama won more electoral votes the two times he had run for president. The magazine also questioned Trump's claim that he would do interviews with anyone who asked during the campaign, if he had the time. The candidate rejected a request to speak to CBS' “60 Minutes,” the magazine said. “In the final months of his campaign, Trump prioritized interviews with podcasts over mainstream media,” reporters Simmone Shah and Leslie Dickstein wrote. ___ David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social. David Bauder, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Entertainment News How to write a holiday rom-com for TV, according to the experts Dec 13, 2024 3:16 PM Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise Dec 13, 2024 2:53 PM Saudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's rise Dec 13, 2024 2:40 PM Featured Flyer
Sen. Rick Scott joins The LeadWalmart's Mexico subsidiary plans to appeal a $4.6 million fine for alleged monopolistic practicesLam says DAP Sarawak, as part of the unity government, successfully tabled and amended the SLO within just two years in office. KUCHING (Dec 14): The passing of the Sarawak Labour Ordinance (Amendment) Bill 2024, has highlighted Gabungan Parti Sarawak’s (GPS) failure to safeguard the interests of Sarawakians during its over 60 years in power, said Democratic Action Party Socialist Youth (Dapsy) Sarawak secretary George Lam. In contrast, Lam said Democratic Action Party (DAP) Sarawak, as part of the unity government, successfully tabled and amended the Sarawak Labour Ordinance (SLO) within just two years in office. This milestone, he said, marked a revolutionary improvement for Sarawakian workers and demonstrates DAP’s ‘people-first’ spirit. “The provisions of the Sarawak Labour Ordinance had been out of sync with the Peninsular Malaysia Labour Law for 20 years, neglecting the rights of Sarawakian workers for two decades. “GPS, formerly Sarawak Barisan Nasional, including SUPP (Sarawak United People’s Party), had failed to secure the rightful interests of Sarawakians during its 60-plus-years in power. “However, after DAP took office, immediate efforts were made to consult various agencies and NGOs (non-governmental organisations), culminating in the successful amendment and passage of the Sarawak Labour Ordinance in Parliament yesterday,” he said in a statement yesterday. With the passing of the amendment, Lam said that Sarawakian workers earning a monthly salary of RM4,000 or less are now entitled to a maximum of 45 working hours per week. “Any hours beyond this must be compensated with overtime pay. Additionally, maternity leave has been increased to 98 days, with fathers now entitled to seven days of paternity leave. “Employers are also prohibited from dismissing pregnant employees, and issues such as workplace sexual harassment could be addressed under the revised legislation,” he said. Lam said this long-awaited amendment grants Sarawakian workers the rights they have been denied for nearly 20 years, making it a significant milestone. “Today, we thank Human Resources Minister Steven Sim for hearing the voices of Sarawakian workers and successfully tabling and passing this bill within just one year of his appointment. “SUPP has failed to address grassroots concerns during its six decades in power. If SUPP had taken the people’s voices seriously, Sarawakians would not have had to wait 20 years for these rights,” he said. “DAP, by contrast, have worked tirelessly to fulfil the people’s wishes and succeeded in amending the Sarawak Labour Ordinance within a short period, highlighting the fundamental difference between the DAP and SUPP. “While SUPP, under GPS, focused on cronyism and large-scale projects for personal gain – ignoring grassroots voices – the DAP Sarawak will continue to be the strongest pillar for the people of Sarawak, putting public interest first and assisting the federal government in implementing policies that benefit the people,” he added. As a member of the DAP Sarawak committee, Lam believes what Sarawakians need most now is a political party that truly understands the voices of the people. He criticised SUPP and GPS for “being out of touch” and “governing based on their own perspectives while ignoring grassroots needs”. “DAP Sarawak remains steadfast in standing with the people and we urge Sarawakians to unite in the upcoming state elections to strengthen DAP’s voice in representing the people of Sarawak and protecting our interests,” he said.
The company opens international research contest to strengthen technology leadership; open for entries until January 31, 2025 Selected researchers to receive annual research funding of up to USD 150,000 annually BIC program revamped to enhance two-way collaboration between industry and academia SEOUL, South Korea , Dec. 27, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) has announced its launch of the 'Battery Innovation Contest (BIC) 2025' to identify and support the next groundbreaking battery technologies. Innovators from universities and research institutions worldwide are encouraged to submit proposals until January 31, 2025 , at https://bridge.lgensol.com/ . Since its inaugural competition in 2017, BIC has been LG Energy Solution's flagship research contest. This year's edition has been revamped to foster greater collaboration between academia and industry. Selected researchers will receive annual research funding of up to USD 150,000 annually. Additional funding may be granted to projects making significant achievements through extended contracts. Maximizing Industry–Academia Benefits through Two-way Communication Unlike previous iterations of the competition, 'BIC 2025' allows participants to submit proposals on specific topics pre-announced by LG Energy Solution. "By presenting specific research optics, we aim to go beyond merely supporting academia and maximize the mutual benefits between the industry and academia," said an LG Energy Solution spokesperson. To facilitate active collaboration, LG Energy Solution has introduced the ' BRIDGE ' system, a platform designed to manage open innovation programs like BIC. The system facilitates seamless collaborations with features that help teams working on joint research projects track their objectives and deliverables. LG Energy Solution has unveiled the preselected 18 research topics for collaborative projects on the ' BRIDGE ' platform, such Battery Safety diagnosis algorithm technology and New materials for LFP Batteries topic. At the same time, the contest retains its traditional format to ensure participants are free to propose completely original research ideas. All research proposals must be submitted through the ' BRIDGE ' system. "Providing Differentiated Customer Value via Enhanced Technology Leadership" To protect the original ideas of every participant, LG Energy Solution has split the application process into two stages: initial proposals that provide concise information, followed by detailed proposals from a shortlist of candidates. This change aims to safeguard the ideas of researchers not selected for funding. "The BIC platform serves as a bridge of wisdom between members of academia and industry, driving technological innovation for the all-important battery sector," said Je-Young Kim , CTO of LG Energy Solution. "Through this initiative, we aim to provide differentiated value to our customers by strengthening our technology leadership." As of today, LG Energy Solution has supported 26 battery research projects through the 'BIC' initiative, with some evolving into large-scale projects that have received additional funding and resources. Thanks to the success of this competition, the company continues to establish partnerships with world-leading universities and research institutions, reinforcing its commitment to preparing the battery field for the future. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia , includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com .Trump acolyte and self-proclaimed “proud Islamophobe” Laura Loomer is threatening to tell MAGA to “stay home” during the next midterm elections amid an escalating feud with “tech bros” Elon Musk and Vivek Ramaswamy over Silicon Valley’s reliance on foreign-born workers. Loomer has engaged in a multi-day social media tirade over President-elect Donald Trump ’s recent appointment of Indian-American entrepreneur Sriram Krishnan as a senior policy adviser for AI, prompting the loyal MAGA supporter to rage about Krishnan’s support of H-1B visas for Indian immigrants. With the Trump administration promising an immediate crackdown on immigration, Loomer has launched a series of attacks on Indians described as “racist” following Krishnan’s appointment, which she called “deeply disturbing.” Describing workers from India as “third-world invaders,” Loomer also took issue with Musk and Ramaswamy defending the tech industry importing “super talented engineers” from overseas. “The average IQ in India is 76,” Loomer tweeted at one point, along with several other posts disparaging Indians and their home country. Loomer, who previously sparked backlash for making bigoted remarks about Kamala Harris’s Indian heritage, has found support among what some have described as “OG MAGA” in her civil war against Trump-supporting tech entrepreneurs. In particular, she has received quite a bit of backing from “groypers,” the followers of notorious white supremacist Nick Fuentes. Meanwhile, Loomer has directed much of her ire directly at Musk, labeling him a “stage 5 clinger” and questioning whether the DOGE government efficiency advisory committee he co-chairs with Ramaswamy would “cut spending” or just redirect funds “toward the pet projects of tech billionaires.” Musk, for his part, has dismissed Loomer as a “troll” who should be ignored. In response, Loomer has suggested that the X (formerly Twitter) owner and “first buddy” would soon find himself on the outs with Trump. While Loomer has been raging about Krishnan’s appointment all week, the criticism from her and other MAGA activists ramped up after his previous suggestion that Musk look at removing the caps on green cards for skilled immigrants resurfaced online. According to Loomer, Krishnan and other tech entrepreneurs want foreign students to “come to the US and take jobs that should be given to American STEM students.” After an Indian immigrant called her opposition to high-skilled immigration “fundamentally anti-American,” Loomer’s commentary became more bigoted and offensive. “Our country was built by white Europeans, actually. Not third world invaders from India,” she tweeted on Christmas Eve. “You know, it was white Europeans who created the American Dream, and we didn’t create it so that it could be exploited by pro open border techies like you. PS: why are people in India still sh*tting in the water they bathe and drink from?” David Sacks, the incoming AI and crypto czar, pushed back on Loomer’s complaints that Krishnan and other Trump-backing Silicon Valley execs were “career leftists,” adding that “supporting a limited number of highly skilled immigrants is still a prevalent view on the right.” Loomer reacted by falsely accusing Krishnan of donating to Harris’s campaign. (It was a different person with the same name .) While Ramaswamy cited 1990s sitcoms as a key reason why there aren’t enough qualified American-born engineers, claiming that was why the tech industry needed more workers from India, Musk sounded off that the “number of people who are super talented engineers AND super motivated in the USA is far too low.” Reacting to a right-wing activist saying it was “wild” that MAGA was “turning against” him and DOGE, Musk stated : “Loomer is trolling for attention. Ignore.” While simultaneously firing off about Musk, Loomer was also incensed that Krishnan appeared to have a friendly relationship with Democratic congressman Ro Khanna. “Should MAGA stay home in 2026? I want @TeamTrump to let us know who is a priority,” she posted . “The MAGA base or an anti-Trump Democrat congressman who gets donations from tech bros and voted to impeach Trump? I just want to know what to tell voters in 2026 when they ask me if they should vote.” As for the world’s richest man, Loomer accused Musk of being “compromised” by the Chinese government and that Trump needs to push him out of his inner circle. “The elephant in the room is that @elonmusk, who is not MAGA and never has been, is a total f*cking drag on the Trump transition,” Loomer tweeted on Thursday. “He’s a stage 5 clinger who over stayed his welcome at Mar a Lago in an effort to become Trump’s side piece and be the point man for all of his accomplices in big Tech to slither in to Mar a Lago.”