Michigan upsets No. 2 Ohio State 13-10 for Wolverines' 4th straight win over bitter rivalBANK of England (BOE) governor Andrew Bailey is suppressing a critical debate about where interest rates will settle in a move that may sow confusion about the stance of monetary policy, former BOE policymaker Gertjan Vlieghe said. BOE rate-setters “need to take a view” on when to stop cutting rates, Vlieghe said. The neutral level, known as r*, is the point at which policy is no longer squeezing out growth, nor stimulating the economy. Borrowing costs have been cut to 4.75 per cent from 5.25 per cent and markets expect them to be 4 per cent by the end of 2025. Vlieghe, an external member of the Monetary Policy Committee between 2015 and 2021 who now works at hedge fund Millennium, said the debate about when to stop should be brought into the open. “These are really productive debates to have and by saying ‘we mustn’t talk about r*, we must be quiet’, we are suppressing that whole debate,” he said. “We are allowing people to get away with potentially one committee member thinking it’s zero, and another committee member thinking it’s four, and not having a discussion between the two. That’s a huge missed opportunity.” Vlieghe, who stressed he was speaking in a personal capacity, was addressing the BOE Watchers Conference in London on Monday (Nov 25), where he also attacked Bailey’s communication efforts during the inflation shock two years ago. The governor complicated the task by failing to communicate clearly, he said. “The main message should have been that the bank has the necessary tools to bring inflation back to target. Instead, other messages ended up distracting from this point. We heard, and I quote, that the bank was powerless in the face of energy-price shocks and workers should not ask for pay increases, and that the forecast models have let us down,” Vliege said. “This risks sounding like blame-shifting, when what’s needed is reassurance that no matter how far inflation gets knocked off course, the bank will get it back to 2 per cent.” The BOE came under intense political pressure during the crisis, which saw consumer-price growth hit 11.1 per cent at its peak. Bailey told lawmakers under questioning in May 2022 that people should “think and reflect” before asking for pay rises and said there was “not a lot we can do” about soaring energy prices. Vlieghe said Bailey should have kept communication simple and pushed back against the criticisms more forcefully. “I did not hear an aggressive and systematic rebuttal to this point. The fact that inflation moving away from the target following a large unexpected shock is not a sign of failure,” he said. “You don’t judge the quality of your captain by how much he is thrown off course during a storm. You judge him by his ability to correct this course and reach the intended destination.” The bank is now in the process of ripping up its forecasting model, which was found to be unfit for purpose in a review earlier this year by former Federal Reserve chair Ben Bernanke. Vlieghe said the BOE’s errors were not necessarily due to failures in the model and that the bank had failed to produce a fair analysis of any shortfalls in the modelling process. Models are not supposed to predict unexpected events but to predict the economy conditional on those circumstances, he said. The bank should have re-run the models assuming the energy and supply-chain shocks that happened, like the European Central Bank (ECB), he added. The ECB did capture much of the inflation shock after re-running its models using subsequent events, Vlieghe said. “The idea that there was a pain-free option available, that inflation could have been prevented without crushing the economy, does not stand up to scrutiny.” BLOOMBERGHelpful Hack: Siri's new tricks, photo magic and writing help with iOS 18.1's new AI features

(Bloomberg) — Former German Chancellor Angela Merkel and Bavaria’s prime minister, Markus Soeder, said they’re open to reforming the country’s strict borrowing limits, signaling a departure from the traditional stance of the conservative Christian Democrats, who are leading in polls ahead of an election in February. Merkel said there’s a case for limited relaxation, arguing that Germany needs to increase defense spending and invest in areas where it lags behind to maintain social peace. “What is important is a reform that only allows debt for investments and not for further social spending,” she said in an interview with Redaktionsnetzwerk Deutschland. Sepatarely, Soeder told Stern magazine in an interview published Tuesday that he’s in favor of reforming debt rules as long as federal and state spending rules are aligned. The remarks add to a growing debate about the so-called debt brake, long championed by conservative politicians. Two weeks ago, Friedrich Merz, the Christian Democrat candidate for chancellor, signaled openness to reform to give the government more wiggle room. The rules, established in 2009 following the global financial crisis, limit net new borrowing to no more than 0.35% of GDP to help keep the budget deficit in check. Exceptions are allowed during national emergencies or recessions. Debate around loosening the framework has intensified as the country heads toward February’s snap election, with even Merz, who is leading in opinion polls, acknowledging the need for more flexibility to help in areas such as infrastructure, energy and defense.Pacheco's 18 lead Mount St. Mary's past Howard 79-75Mac Engel: Jake Paul’s PR statement denying fight with Mike Tyson was rigged misses the issue

28th World Investment Conference Kicks Off in Riyadh, Uniting Global Leaders in Investment for Sustainable GrowthCanadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products. Joining Trump and Trudeau at dinner were Trump's picks for commerce secretary, interior secretary and national security adviser, and the three men's wives. From the Canadian side, the dinner guests included Public Safety Minister Dominic LeBlanc, whose responsibilities include border security. Trump’s transition did not respond to questions about what they had discussed or whether the conversation alleviated Trump’s concerns about the border. A smiling Trudeau declined comment upon returning to his West Palm Beach hotel late Friday. Emboldened 'manosphere' accelerates threats and demeaning language toward women after US election CHICAGO (AP) — An emboldened fringe of right-wing “manosphere” influencers has seized on Donald Trump’s presidential win to justify and amplify misogynistic derision and threats online. Many have appropriated a 1960s abortion rights rallying cry, declaring “Your body, my choice,” and have been using it publicly on college campuses and even in public schools. While none of the current online rhetoric is being amplified by Trump, experts say many young men see the former president’s return to the White House as vindication of their views on women. For many women, the words are a worrying sign of what might lie ahead as some men perceive the election results as a rebuke of reproductive rights and women’s rights. Syrian insurgents are inside Aleppo in a major setback for Assad as government forces regroup BEIRUT (AP) — Thousands of Syrian insurgents have fanned out inside Syria's largest city Aleppo a day after storming it with little resistance from government troops. Syria's army said troops have redeployed to prepare for a counteroffensive. Witnesses said insurgents were seen Saturday at landmarks in Aleppo for the first time since 2016, when they were expelled by government forces backed by Russia and Iran. The surprise offensive is a major embarrassment for Syrian President Bashar Assad, who has regained total control of the city eight years ago. An Israeli strike in Gaza kills workers with World Central Kitchen charity DEIR AL-BALAH, Gaza Strip (AP) — An Israeli airstrike on a car in the Gaza Strip on Saturday killed five people including employees of World Central Kitchen. The charity says it is “urgently seeking more details” after Israel’s military said it targeted a WCK worker who had been part of the Hamas attack that sparked the war. The charity in an email says it is “heartbroken” by the airstrike and that it had no knowledge anyone in the car had alleged ties to the Oct. 7, 2023 attack, saying it is “working with incomplete information.” It says it is pausing operations in Gaza. Lebanese fisherman hope ceasefire with Israel means normal life returning TYRE, Lebanon (AP) — The ceasefire between Israel and Hezbollah is bringing hope for normality back to many in southern Lebanon. That includes fishermen who’ve long launched their single-engine wooden boats into the Mediterranean at dawn. For months, Israel imposed a siege that kept hundreds of fishermen at this ancient Phoenician port ashore. That upended their lives and dealt the industry a major blow. The port siege also cut people off from key ingredients for traditional Lebanese dishes. As war devastated their country, the loss of fish damaged a deep association with home. Now, the possibility of renewed fishing is helping fuel hope. How Brazilian police say Bolsonaro plotted a coup to stay in office SAO PAULO (AP) — Brazil’s Federal Police have formally accused former far-right President Jair Bolsonaro and 36 others of plotting a coup to keep him in office. The plot was allegedly comprised of several components and substantiated by evidence and testimony in the agency's 884-page report. The pieces of the puzzle include laying the groundwork by systematically sowing distrust of the electoral system among the populace. It also includes drafting a decree to give the plot a veneer of legal basis and pressuring top military brass to go along with the plan. Bolsonaro and his main allies have denied any wrongdoing or involvement and accuse authorities of political persecution. More than 100 arrested as Georgian police clash with protesters over suspension of EU talks TBILISI, Georgia (AP) — More than 100 demonstrators were arrested overnight in Georgia as protesters clashed with police following the government’s decision to suspend negotiations to join the European Union, the country’s Interior Ministry said. Friday marked the second straight night of protests after Prime Minister Irakli Kobakhidze of the country’s ruling Georgian Dream party announced the suspension the previous day. The Associated Press saw protesters in Tbilisi being chased and beaten by police as demonstrators rallied in front of the country's parliament building. The violence follows Georgian Dream’s disputed victory in the Oct. 26 election, which was widely seen as a referendum on the country’s aspirations to join the European Union. Romania's parliamentary vote risks being overshadowed by presidential race chaos BUCHAREST, Romania (AP) — Romanians are preparing to go to the polls in a parliamentary vote that will determine a new government and prime minister to lead the European Union and NATO member country. However, Sunday's vote is sandwiched between a two-round presidential race and is overshadowed by controversies and chaos following the outcome of the first vote. While the president has significant decision-making powers in areas such as national security and foreign policy, the prime minister is the head of the nation’s government. Sunday’s vote will determine the formation of the country’s 466-seat legislature. North Korea's Kim vows steadfast support for Russia’s war in Ukraine SEOUL, South Korea (AP) — North Korean leader Kim Jong Un said his country will “invariably support” Russia’s war in Ukraine as he met Russia's visiting defense chief. A Russia military delegation led by Defense Minister Andrei Belousov arrived in North Korea on Friday as international concerns about the two countries’ expanding cooperation deepened after North Korea sent thousands of troops to Russia. During a Friday meeting, Kim and Belousov reached “a satisfactory consensus” on issues on how to further boost strategic partnership and defend each country’s sovereignty and security interests, state media said. Great Lakes, Plains and Midwest forecast to be hit with snow and dangerous cold into next week BUFFALO, N.Y. (AP) — The first big snowfall of the season is threatening to bury towns in New York along lakes Erie and Ontario as the hectic holiday travel and shopping weekend winds down. Numbing cold and heavy snow could persist into next week and cause hazards in the Great Lakes, Plains and Midwest regions. A state of emergency was declared for parts of New York, making it problematic for scores of Thanksgiving travelers trying to return home. This week’s blast of frigid Arctic air also brought bitterly cold temperatures of 10 to 20 degrees Fahrenheit below average to the Northern Plains. Cold air was expected to move over the eastern third of the U.S. by Monday, the weather service said, with temperatures about 10 degrees below average.

The Onion's bid for Alex Jones' Infowars hangs in the balance as judge orders new hearing

Edo State Governor, Monday Okpebholo, on Saturday, alleged a grand plan by his predecessor, Godwin Obaseki, some members of the opposition parties of plotting a media trial to discredit his victory in the 21 September governorship election. This is contained in a statement by his Chief Press Secretary, Fred Itua in Benin City. The governor was reacting to the claim by former Aviation Minister Osita Chidoka that the Independent National Electoral Commission (INEC) manipulated the election in favour of the Edo Governor. Okpebholo who expressed dismay with the media for providing the platform for Chidoka to peddle what it described as the latest drama of Osita Chidoka said, “We are aware that former Governor Godwin Obaseki and some PDP leaders in Edo State, and their supporters had a meeting during the week, with online merchants and editors of leading newspapers; where it was decided that media trial should be the pattern of their current engagement to discredit the very credible Edo election of 21st September. “The truth of the matter is that INEC conducted a very free and fair, violence-free election acknowledged by domestic observers in their various reports. The PDP leadership in Edo state in its review and report, also acknowledged that APC won the election. “The latest drama of Osita Chidoka amounts to merely beating about the bush, trying to rake up mud against the election. The PDP should allow the tribunal do its job in line with established procedures.” He accused the media of leading the gang up, saying that, “The idea of deploying the services of editors and senior journalists with a marching order to discredit the administration of Governor Monday Okpebholo by all means possible is outlandish and self-serving. “Their identities are now known, and will be made public in the coming days. We can see that they have recoursed to the social media spaces, pages of national newspapers and pliable national televisions, to push their ugly narratives, that Governor Okpebholo did not win the 21st September governorship election in Edo State. “By this, we make them all aware that Governor Monday Okpebholo is making good progress in office as the duly elected Governor with an irrevocable mandate for the next four years.” Okpebholo alleged that his attempt to verify assets of the state to recover “stolen cars and other assets from Obaseki’s criminal allies, and probe, if necessary, the financial heist orchestrated by the last administration” triggered the desperate moves to vilify his election. The Edo PDP Caretaker Committee, Publicity Secretary, Chris Nehikhare, said that the APC-led government plan to conceal systemic rigging of the Edo poll will fail. Nehikhare said, “We want to categorically state that the centre did not release the report as observers of the election, the analysis is the outcome of careful examination and analysis of documents and data made available to the centre by INEC who are the electoral umpires. “We sympathize with the Governor and his team because we know they are not very conversant with digital tools or anything that has to do with data, which makes them extremely uncomfortable when confronted with hard facts. This is evident in their reaction to the independent analysis, where instead of addressing the data and evidence presented, they resort to baseless claims and campaigns of calumny. “We understand their challenge, they clearly do not understand data and are unable to utilize same effectively. However, the data in question is a true picture of the election, based on the documents provided by INEC, which revealed the systemic rigging and brazen manipulation of the governorship election in Edo State.”COLUMBUS, Ohio (AP) — Dominic Zvada kicked a 21-yard field goal with 45 seconds left and Michigan stunned No. 2 Ohio State 13-10 on Saturday, likely ending the Buckeyes ’ hopes of returning to the Big Ten title game. Kalel Mullings broke away for a 27-yard run, setting up the Wolverines (7-5, 5-4) at Ohio State's 17-yard line with two minutes remaining in the game. The drive stalled at the 3, and Zvada came on for the chip shot. Ohio State (10-2, 7-2, No. 2 CFP) got the ball back but couldn't move it, with Will Howard throwing incomplete on fourth down to seal the Wolverines' fourth straight win over their bitter rival. “You come to Michigan to play this game,” Zvada said. “So, it's the biggest one of the year. It's the one that everyone looks forward to, and to be able to come in here and take the win, it's amazing.” This Ohio State loss in the “The Game” might have been the toughest of the past four because Michigan was unranked and wrapping up a disappointing season. The Wolverines were also playing without a couple of top players: tight end Colston Loveland and cornerback Will Johnson. The Buckeyes were favored by 21 points, the widest point spread for this rivalry since 1978, according to ESPN Stats and Info. Records — and point spreads, for that matter — rarely mean much when these two teams meet. “Our defense played outstanding," Michigan coach Sherrone Moore said. "We held a high-powered offense to 10 points, 77 rushing yards.” The Buckeyes were off all afternoon. Howard was 19 for 33 for 175 yards with one touchdown and two interceptions and Jayden Fielding missed two field-goal attempts. The run game was hardly there. “It's hard, man,” an emotional Howard said. “I really don’t have much right now. I do know we're a two-loss team. We're going to get into the playoffs and make a run. But, I mean, this one hurts.” Mullings was Michigan's primary weapon. He rushed for 116 yards and the Wolverines only touchdown of the game in the first half as neither team could get much going offensively on the frigid afternoon. “They made plays, we made plays, so as the game wore on you could definitely, slowly feel them starting to lose confidence, lose that energy and lose that faith,” Mullings said. Howard was clunky all day. In the first half he threw an interception from deep in his own territory that led to Michigan's touchdown. He went out for a play in the second quarter to be checked for a head injury. After the game, he said he was fine. “We're very disappointed, and never thought this would happen right here,” Ohio State coach Ryan Day said. “We expected to win this game and go play in the Big Ten championship game.” After the game, Michigan players attempted to plant their flag at midfield and were confronted by Ohio State players. A skirmish ensued as both teams pushed and shoved before being separated. Michigan: Did just enough and caught Ohio State on an off day. Ohio State: It's inexplicable how badly the Buckeyes played in their biggest game of the season. They would need No. 4 Penn State and No. 10 Indiana to lose later Saturday in order to make it into the Big Ten title game next week. The Buckeyes will fall. There has been talk all season about how many of the Ohio State team leaders, including receiver Emeka Egbuka, running back TreVeyon Henderson and defensive end Jack Sawyer, chose to return for another year instead of entering the NFL draft because they wanted to beat Michigan at least once. Those players were inconsolable after the game. One of them, linebacker Cody Simon, was asked how he felt. “I just can't speak that right now,” Simon said. “I feel like we let the whole Buckeye nation down.” Michigan will wait for a minor bowl game. Ohio State, assuming either Penn State or Indiana wins on Saturday, will see how the final College Football Playoff rankings shakeout on Dec. 8. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25None

Goold's chat: If Cardinals trade closer Ryan Helsley, when's best time to maximize offer?KARACHI, (UrduPoint / Pakistan Point News - 30th Nov, 2024) The Chairman of Peoples Party ( ) , in his speech on the Party's 57th Foundation Day, urged political parties to prioritize dialogue and consensus to establish political stability in the country. He emphasized that divisive and instability are harming . The Chairman addressed gatherings via video link in over 150 district headquarters and cities across the country on the occasion of the party’s 57th Foundation Day. Paying tribute to the ’s founding Chairman, , Bilawal stated that the people of still see solutions to their challenges in Bhutto’s legacy. “Shaheed Bhutto gifted the nation with , a people-friendly constitution, economic revolution, and the program. Tragically, he was martyred through judicial ,” he remarked. He acknowledged the struggles faced by the in its journey, saying, “Attempts were made to obliterate ’s ideology through oppression, but the party survived due to its strong with the people, the sacrifices of its workers, and the visionary leadership of Mohtarma .” lauded Mohtarma for defeating conspiracies against the . “She courageously faced two dictators, leading the party with unmatched resilience. Her governments were known for introducing public-friendly economic policies and creating opportunities. Her leadership earned her a unique place in history, and her words resonated across the globe. ” He also paid homage to President , crediting him for expanding ’s influence and achieving milestones like the 18th Amendment and the launch of the Benazir Income Support Programme. “President became the first elected president in ’s history to be re-elected. Under his leadership, strengthened its presence in and while holding key positions like Chairmanship of the and Deputy Speakership of the .” Discussing the current political situation, Bilawal Bhutto stated that no party was given a clear majority in the recent general elections. “Our party supported the in forming the to address economic crises and inflation, without joining the , giving them full opportunity to resolve national issues.” He.expressed concerns over the 's role in destabilizing the political environment. He called on parties to adopt democratic and constructive politics instead of relying on undemocratic approaches. “Political stability requires either dialogue or enforcement through strength, but dialogue must take precedence for the nation’s prosperity.” On the issue of terrorism, Bilawal called for a renewed National Action Plan, warning that terrorism poses a significant threat to national stability. He stressed the need to develop and sectors to boost the country’s economy. He reiterated the ’s commitment to promoting democratic values, addressing public issues, and preserving the party’s legacy of serving the nation.

Las Vegas guard Kelsey Plum says she won't play in new Unrivaled, 3-on-3 women's league3 fall into ocean after California wharf partially collapses due to heavy surf from major stormFeds approve New York tax to boost Medicaid reimbursement funds

NEW YORK — There's a Christmas Day basketball game at Walt Disney World, featuring Mickey, Minnie, Goofy and Wemby. An animated game, anyway. The real game takes place at Madison Square Garden, where Victor Wembanyama and the San Antonio Spurs face the New York Knicks in a game televised on ABC and ESPN and streamed on Disney+ and ESPN+. The special alt-cast, the first animated presentation of an NBA game, will be shown on ESPN2 and also stream on Disney+ and ESPN+. Madison Square Garden is a staple of the NBA's Christmas schedule. Now it merges with a bigger home of the holidays, because the "Dunk the Halls" game will be staged at Disney, on a court set up right smack in the middle of where countless families have posed for vacation photos. Why that location? Because it was Mickey Mouse's Christmas wish. People are also reading... "Basketball courts often have the ability to make a normal environment look special, but in Disney it can only turn out incredible," Wembanyama said in an ESPN video promoting his Christmas debut. The story — this is Disney, after all — begins with Mickey penning a letter to Santa Claus, asking if he and his pals can host a basketball game. They'll not only get to watch one with NBA players, but some of them will even get to play. Goofy and Donald Duck will sub in for a couple Knicks players, while Mickey and Minnie Mouse will come on to play for the Spurs. "It looks to me like Goofy and Jalen Brunson have a really good pick-and-roll at the elite level," said Phil Orlins, an ESPN vice president of production. Walt Disney World hosted real NBA games in 2020, when the league set up there to complete its season that had been suspended by the COVID-19 pandemic. Those games were played at the ESPN Wide World of Sports. The setting for the Christmas game will be Main Street USA, at the entrance of the Magic Kingdom. Viewers will recognize Cinderella's castle behind one baseline and the train station at the other end, and perhaps some shops they have visited in between. Previous alternate animated broadcasts included an NFL game taking place in Andy's room from "Toy Story;" the "NHL Big City Greens Classic" during a game between the Washington Capitals and New York Rangers; and earlier this month, another NFL matchup between the Cincinnati Bengals and Dallas Cowboys also taking place at Springfield's Atoms Stadium as part of "The Simpsons Funday Football." Unlike basketball, the players are helmeted in those sports. So, this telecast required an extra level of detail and cooperation with players and teams to create accurate appearances of their faces and hairstyles. "So, this is a level of detail that we've never gone, that we've never done on any other broadcast," said David Sparrgrove, the senior director of creative animation for ESPN. Wembanyama, the 7-foot-3 phenom from France who was last season's NBA Rookie of the Year, looks huge even among most NBA players. The creators of the alternate telecast had to design how he'd look not only among his teammates and rivals, but among mice, ducks and chipmunks. "Like, Victor Wembanyama, seeing him in person is insane. It's like seeing an alien descend on a basketball court, and I think we kind of captured that in his animated character," said Drew Carter, who will again handle play-by-play duties, as he had in the previous animated telecasts, and will get an assist from sideline reporter Daisy Duck. Wembanyama's presence is one reason the Spurs-Knicks matchup, the leadoff to the NBA's five-game Christmas slate, was the obvious choice to do the animated telecast. The noon EST start means it will begin in the early evening in France and should draw well there. Also, it comes after ABC televises the "Disney Parks Magical Christmas Day Parade" for the previous two hours, providing more time to hype the broadcast. Recognizing that some viewers who then switch over to the animated game may be Disney experts but NBA novices, there will be 10 educational explainers to help with basketball lingo and rules. Beyond Sports' visualization technology and Sony's Hawk-Eye tracking allow the animated players to make the same movements and plays made moments earlier by the real ones at MSG. Carter and analyst Monica McNutt will be animated in the style of the telecast, donning VR headsets to experience the game from Main Street, USA. Other animated faces recognizable to some viewers include NBA Commissioner Adam Silver, who will judge a halftime dunk contest among Mickey and his friends, and Santa himself, who will operate ESPN's "SkyCam" during the game. The players are curious how the production — and themselves — will look. "It's going to be so crazy to see the game animated," Spurs veteran Chris Paul said. "I think what's dope about it is it will give kids another opportunity to watch a game and to see us, basically, as characters." Be the first to know Get local news delivered to your inbox!

ATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. The Company expects its common stock will continue to be listed on the NYSE during the Plan Period, subject to the Company adherence to the Plan and compliance with other applicable NYSE continued listing standards. The Company's receipt of such notification from the NYSE does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Cautionary Note on Forward-Looking Statements This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "guidance," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expected progress with the Company's compliance plan submitted to the NYSE, expected compliance with continued listing standards of the NYSE and expected continued listing of the Company's common stock on the NYSE. These statements are based on various assumptions and on the current expectations of KORE's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; risks relating to the integration of KORE's acquired companies, including the acquisition of Twilio's IoT business, changes in the assumptions underlying KORE's expectations regarding its future business; our ability to negotiate and sign a definitive contract with a customer in our sales funnel; our ability to realize some or all of estimates relating to customer contracts as revenue, including any contractual options available to customers or contractual periods that are subject to termination for convenience provisions; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. KORE anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. KORE Investor Contact: Vik Vijayvergiya Vice President, IR, Corporate Development and Strategy vvijayvergiya@korewireless.com (770) 280-0324 View original content to download multimedia: https://www.prnewswire.com/news-releases/kore-announces-nyse-acceptance-of-plan-to-regain-listing-compliance-302338621.html SOURCE KORE Group Holdings, Inc.

SANTA CRUZ — Three people fell into the choppy ocean waves after part of the Santa Cruz wharf collapsed Monday, city officials said on social media. Two of the victims were rescued from the waters by lifeguards and a third self-rescued, officials said. City contractors had been out inspecting the end of the wharf at the time of the collapse, city officials said at a press conference. Following the collapse, debris from the end of the wharf floated on the waves beneath gray, cloudy skies, according to posted online. Related Articles Mayor Fred Keeley said at the press conference that he is “very concerned” that more of the wharf will collapse with the next incoming storm. “In my opportunity to be out there on the wharf with police, fire, public works and parks, the indication was that what we saw this morning is likely to be not as intense as what we may see later today or potentially early tomorrow,” Keeley said. “That was what I was told repeatedly by a number of folks who are out there on the scene who have a very good feel for the ocean and the tides and so on.” The Santa Cruz Fire Department and Santa Cruz Police Department were responding to the incident, they said on social media. The wharf was closed as of 1 p.m. City officials have also asked residents to avoid low-lying areas due to debris and a high surf advisory. They especially advised avoiding beaches. Traffic is blocked off for all except emergency personnel. Santa Cruz Main Beach and Cowell’s Beach are closed due to hazardous debris, city officials said.