Syrians poured into streets in celebration on Sunday after a stunning rebel advance reached the capital, ending the Assad family’s 50 years of iron rule . Russian state news agencies were reporting that President Bashar Assad and his family had arrived in Moscow and were given asylum. Russia said Assad left the country after negotiations with rebel groups and that he had given instructions to transfer power peacefully. Joyful crowds gathered in central squares in Damascus, waving the Syrian revolutionary flag. Others ransacked the presidential palace and residence. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago leads the biggest rebel faction in Syria and is poised to chart the country’s future. He made his first public appearance since fighters entered the Damascus suburbs Saturday, at the capital’s sprawling Umayyad Mosque, and called himself by his given name, Ahmad al-Sharaa. He said Assad’s fall was “a victory to the Islamic nation.” The rapidly developing events have shaken the region. Lebanon said it was closing all its land border crossings with Syria except for one that links Beirut with Damascus. Jordan closed a border crossing with Syria, too. Israel has issued warnings to villages in southern Syria and its forces seized a buffer zone in the Golan Heights. Here's the Latest: Russian state news agencies reported that ousted Syrian President Bashar Assad has arrived in Moscow with his family and been given asylum. The agencies, Tass and RIA, cited an unidentified Kremlin source. The Associated Press was not immediately able to verify the reports but had contacted the Kremlin for comment. CAIRO — The Arab League on Sunday condemned Israel for taking advantage of Syrian President Bashar Assad's downfall by moving into more Syrian territory. Hours after Assad’s overthrow, Israel announced it had seized a buffer zone in the Golan Heights that was established by a cease-fire agreement with Syria in 1974. In a statement, the Arab League said Israel illegally sought to occupy more territories. But Israeli Prime Minister Benjamin Netanyahu said the 50-year-old agreement regarding Syrian territory had collapsed and that Syrian troops had abandoned their positions, necessitating Israel taking over as a “temporary defensive position.” UNITED NATIONS — The United Nations secretary-general is marking the “fall of the dictatorial regime” in Syria and says the future of the country is “is a matter for the Syrians to determine.” A statement by Antonio Guterres also called for calm and the protection of the rights of all Syrians as well as of diplomatic and consular facilities in Syria. He said there is much work ahead to ensure an “orderly political transition to renewed institutions,” and he called on the international community to ensure that “any political transition is inclusive and comprehensive and that it meets the legitimate aspirations of the people of Syria, in all their diversity.” KYIV, Ukraine - Ukraine’s top diplomat on Sunday responded to Assad’s ouster by describing him as a “dictator” who relied on Russia to prop up his rule - a reference to the military campaign Moscow has waged in Syria since September 2015, teaming up with Iran to allow Assad’s government to fight armed opposition groups and reclaim control over most of the country. "Assad has fallen. This has always been and will be the case with all dictators who bet on Putin. He always betrays those who rely on him,” foreign minister Andrii Sybiha said in a post on X. In a separate update on the social network, Sybiha said Kyiv was ready to take steps towards restoring relations with Syria, severed months into Russia’s full-scale invasion of the neighboring state. Kyiv broke off diplomatic ties after Damascus in June 2022 recognized Kremlin-occupied parts of eastern Ukraine as independent territories, in a move welcomed by Moscow and decried by the West as a clear violation of Ukrainian sovereignty. JERUSALEM — The Israeli military has issued a warning to residents of five villages and towns in southern Syria to stay inside their homes for their safety. “The fighting in your area is forcing the IDF to act,” the IDF’s Arabic-language spokesman said on X. The military didn’t respond to questions. Earlier, Israel said its troops had seized a buffer zone in the Golan Heights established in 1974, saying it was to protect Israeli residents after Syrian troops abandoned their positions. Defense Minister Israel Katz said on X that the IDF has been instructed to “seize the buffer zone and control points to ensure the protection of all Israeli communities in the Golan Heights – Jewish and Druze – so that they are not exposed to threats from the other side.” Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied. BEIRUT - The leader of the largest insurgent group in Syria visited the Syrian capital’s sprawling Umayyad Mosque and declared that the victory against President Bashar Assad “is a victory to the Islamic nation.” Ahmad al-Sharaa, who was formerly known as Abu Mohammed al-Golani, made his first public appearance and remarks since fighters entered Damascus. He told hundreds of people at the historic mosque that Assad had made Syria “a farm for Iran’s greed.” He added that Assad made Syria a base for the illegal amphetamine Captagon that brought cash to Assad’s circles. Al-Sharaa, the leader of the jihadi Hayat Tahrir al-Sham, or HTS, said Sunday that the victory was achieved because of “God and the blood of martyrs.” He said that he left Syria 20 years ago and since then his heart has longed for this movement. LONDON — British Prime Minister Keir Starmer welcomed the end of Assad’s rule as he called for peace and the protection of civilians. “The Syrian people have suffered under Assad’s barbaric regime for too long and we welcome his departure,” Starmer said. He said the U.K. was focused on a political solution to restore peace and stability. “We call on all sides to protect civilians and minorities and ensure essential aid can reach the most vulnerable in the coming hours and days,” he said. AMMAN, Jordan — The vast majority of the Jordanian people are welcoming the fall of Bashar al-Assad’s regime and the success of the Syrian revolution. “There is no doubt that I felt overwhelming joy at the fall of the Assad regime," said Badi Al-Rafaia, Engineer, union activist and member of the Islamic Action Front. "There is no doubt that we are happy with what happened in Syria, happy with the success of the revolution, happy with the Syrian people getting rid of an oppressor and criminal who treated the Syrian people and made the Syrian state a failed state.” Al-Rafaia said that Jordan is benefiting from what happened in Syria, and "we hope that Jordan will help the revolution succeed and not work against it.” Amman resident Muhab al-Majali said the fall of the Assad regime is “The end of every unjust and tyrannical rule, and more than that, it mortgaged the country and its people to the Iranians, who abandoned it in minutes... I believe that the future is beautiful and prosperous for the Syrians.” BERLIN — The International Committee of the Red Cross is calling for safe humanitarian access and protection of civilians in Syria after the fall of Bashir Assad’s government. “Our teams in Syria, including in Damascus, have been closely monitoring the fast-evolving security and humanitarian situation in coordination with the Syrian Arab Red Crescent,” the ICRC’s head of delegation in Syria, Stephan Sakalian, said in a written statement Sunday. The ICRC is “responding wherever possible, with further efforts underway, as hundreds of thousands of people need care and humanitarian assistance,” he said. Sakalian called “on all parties to urgently enable safe and unhindered access for medical and humanitarian workers to reach those in need, to protect civilians, and to uphold their obligations under international humanitarian law.” BAGHDAD — The Iraqi government said in a statement Sunday that it “supports all international and regional efforts seeking to open a dialogue” for Syria “leading to the adoption of a pluralistic constitution that preserves the human and civil rights of Syrians, and supports cultural, ethnic and religious diversity.” The statement from government spokesperson Bassem al-Awadi, said that Iraq understands “the necessity of respecting the free will of all Syrians, and stresses that the security of Syria, the unity of its territories, and the preservation of its independence are of utmost importance, not only for Iraq but also for its connection to the security and stability of the region.” It cautioned against “interfering in Syria’s internal affairs, or supporting one party for the benefit of another.” Iraq, which has a close relationship with Iran - once a strong ally of former Syrian President Bashar Assad - has taken in some 2,000 Syrian army soldiers who fled the country amid the advance of armed opposition groups. CAIRO — The head of Yemen’s internationally recognized government welcomed the fall of the government of President Bashar Assad of Syria. “It’s a historic moment,” Rashad al-Alimi, who chairs the ruling presidential council, wrote on X platform of Assad’s downfall. “It’s time for the Iranian regime to stop meddling in Yemen, respect its sovereignty and identity.” Al-Alimi, who is backed by Saudi Arabia, was referring to Iran’s support of Houthi rebels who are at war with Yemen’s internationally recognized government for a decade. DAMASCUS — Families wandered through the high-ceilinged halls of the presidential palace in Damascus on Sunday, along with some armed men. Some paused to take family portraits or selfies on the few remaining couches against the backdrop of mosaiced walls, while others walked out with chairs and other items under their arms. On the massive parking lot out front, cars drove in circles honking ecstatically. In central Damascus’ Umayyad Square, drivers passing by also honked jubilantly, while young men piled onto a tank abandoned in the square. But for some the celebration was bittersweet. “I am very happy, but this happiness will not be completed until I can see my son out of the prison and know where is he is,” said Damascus resident Bassam Masr. “I have been searching for him for two hours - he has been detained for 13 years.” TEHRAN, Iran — Iran says the Syrian people should decide their country’s future “without destructive, coercive foreign intervention.” The Foreign Ministry statement issued Sunday marked Iran’s first official reaction to the overthrow of President Bashar Assad, who it had strongly backed through nearly 14 years of civil war. Assad’s government was a close ally of Iran that served as a crucial conduit between it and Lebanon’s Hezbollah. The rebels who toppled Assad view Iran as a hostile foreign influence, and the abandoned Iranian Embassy in Damascus was ransacked as they entered the city. The Foreign Ministry statement said Iran supports Syria’s unity and national sovereignty, and hopes to see “the end of military conflicts, the prevention of terrorist activities and the start of a national dialogue” with the participation of all groups. “It is expected that the wise and farsighted relations of the two nations will continue based on mutual ties and interests,” the statement said. TEL AVIV, Israel – Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israeli forces have seized a buffer zone in the Golan Heights established by a 1974 ceasefire agreement with Syria. He spoke from an overlook near the border between Syria and the Israeli-annexed Golan Heights, after Syrian rebels tore through the country and dramatically ended Assad’s rule on Sunday morning. Netanyahu said the 50-year-old agreement had collapsed and that Syrian troops had abandoned their positions, necessitating the Israeli takeover as a “temporary defensive position.” Israel captured the Golan Heights in the 1967 Mideast war and annexed it. The international community, except for the United States, views it as occupied Syrian territory. Satellite images analyzed by the Associated Press show that as early as September, Israel began construction of what could possibly be a new road right along the so-called Alpha Line that separates the Israeli-occupied Golan Heights from Syria . The United Nations confirmed that Israeli troops entered the demilitarized zone during the work. The United Nations maintains a peacekeeping force in the demilitarized zone called the United Nations Disengagement Observer Force, or UNDOF, with around 1,100 peacekeepers from Fiji, India, Kazakhstan, Nepal, and Uruguay. After the 1973 Mideast war, the U.N. Secretary Council voted to create UNDOF to patrol a roughly 400 square kilometer (155 square mile) demilitarized zone and maintain the peace there. MASNAA, Lebanon — At Lebanon’s Masnaa crossing into Syria, the mood was festive Sunday with some local Lebanese residents handing out congratulatory sweets to Syrians lined up to return to their country. Sami Abdel-Latif, a refugee from Hama who was heading to Syria to join his wife and four children, said while the future in Syria is still uncertain, “anything is better than Bashar.” He said he expected some chaos initially but that eventually the situation would settle down. “Look at Aleppo now,” he said, referring to the first major city taken over by opposition forces more than a week ago, where life has continued more or less as normal. Abdel-Latif, a construction worker, said he is also hoping that there will now be plentiful work in Syria to rebuild. Malak Matar, who was preparing to return to Damascus, said, “This is a feeling we’ve been waiting 14 years for. “You feel yourself psychologically free - you can express yourself,” he said. “The country is free and the barriers have been broken down.” Now, he said, “Syrians have to create a state that is well-organized and take care of their country. It’s a new phase.” DAMASCUS, Syria — An Associated Press journalist in Damascus reported airstrikes in the area of the Mezzeh military airport, southwest of the capital Sunday. The airport has previously been targeted in Israeli airstrikes, but it was not immediately clear who launched Sunday's strike. The Israeli military refused to comment on the airport strike. Israel often does not publicly claim responsibility for attacks in Syria. The Syrian Observatory for Human Rights, a UK-based war monitor, reported that Israeli warplanes also targeted warehouses belonging to the Syrian army’s Fourth Division and another former military site outside of Damascus Sunday. On Saturday and Sunday, the Israeli military sent additional troops to the Israeli-annexed Golan Heights to bolster Israel’s presence along the border between Israel and Syria. Agricultural areas along the border were declared closed military zones and some schools shifted to online classes in anticipation of unrest. MOSCOW — Russia’s Foreign Ministry claimed Sunday that Bashar Assad had left Syria after negotiations with rebel groups, and gave “instructions” to “transfer power peacefully.” In a post on the Telegram messaging app on Sunday, the ministry said Moscow had not directly participated in these talks. It also said it has been following the “dramatic events” in Syria “with extreme concern." It also said Russian troops stationed in Syria have been put on high alert and that as of early afternoon Sunday, there was “no serious threat” to the security of Russia’s military bases there. Russia has waged a military campaign in Syria since September 2015, teaming up with Iran to allow Assad’s government to fight armed opposition groups and reclaim control over most of the country. While Russia now concentrates the bulk of its military resources in Ukraine, it has maintained a military foothold in Syria and keeps troops at its bases there.1 Unstoppable Artificial Intelligence (AI) Stock You'll Want to Own Next Year
I believe putting money in a Stocks and Shares ISA to invest in great businesses over the long term can potentially help to build wealth. That is why I do it. Along the way, though, here are a handful of common ISA mistakes I aim to avoid. 1. Spending too much on fees and commissions The first is an obvious one but still potentially a costly error. Fees and commissions can eat into the value of a Stocks and Shares ISA – over the long term, perhaps badly. So I take time on an ongoing basis to check whether I am using the that best suits my own needs. 2. Trading not investing I mentioned the long term above. That is because I do not aim to trade by buying and selling shares frequently (likely racking up commissions each time). Rather, I aim to buy what I think are great companies I would like to hold for a while. 3. Not spreading my investments enough Why did sell a lot of his ( ) stake recently? Whatever the reason, one benefit is improved diversification. It is easy to fall in love with an investment idea. It can also happen that a great idea leads to a soaring share price, so the role of one share in a portfolio balloons over time – exactly what happened with Buffett’s Apple stake. Either way, not staying diversified can be a costly mistake. With an annual of £20k, I think it is simple to keep diversified. 4. Buying the business case, not the share At its current price, I think Apple also illustrates another potentially costly investing mistake. Is Apple a great business? I think it is. The market for the sorts of products and services it sells is huge and I think it could grow over time. Within that market, Apple has a unique position that can help it make massive profits, as it has done consistently in recent years. From its brand to patents and customer base to distribution network, Apple has a strong “ “, as Buffett calls a company’s competitive advantage. But, is Apple a great share for me to buy today? I do not think so. In a nutshell, I think its price-to-earnings ratio of 39 means it is overvalued. As an investor, like Buffett, I am not only seeking to buy into great businesses. I also want to buy such shares at . 5. Not reviewing developments along the way But if doing too much can be a mistake, so can doing too little. Again, I think Buffett’s move on Apple is instructive here. He is not a trader, having held some of the shares he owns for decades. But equally, he does not have his head in the sand. A great investment idea can become less attractive because of changes in the company’s outlook, its share valuation, or both. So, although I do not keep tinkering with my Stocks and Shares ISA, that does not mean that I buy shares then ignore them for decades.
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spent immense money and energy helping Donald Trump retake the White House, but the Tesla CEO's new political influence may not do much to boost the fortunes of his carmaker, one of the company's longtime backers said. Ross Gerber, a Tesla bull and the president of Gerber Kawasaki Wealth & Investment Management, thinks the electric vehicle maker faces big challenges ahead, even as optimism about Musk's ties to Trump has excited investors and sparked a sharp rally in since the election. Traders are hopeful that Musk's close ties to the president-elect — which ultimately landed the Tesla CEO — could sway important policy decisions in favor of Tesla. But that doesn't solve the problems Tesla has been struggling with for years, Gerber said, pointing to concerns surrounding the success of Tesla's car business, and whether its new ride-hailing platform or artificial intelligence projects will amount to much. In Gerber's view, Tesla shares should be trading around $200, implying 40% downside from the stock's closing price of $338.23 on Tuesday. Gerber said his fund, which began cutting its stake in Tesla in late 2023, continues to sell the stock in small amounts, keeping Tesla's concentration in its portfolio to just 2%. The fund sold nearly 16,000 shares in the third quarter, though the total value of its remaining stake rose to $71 million, regulatory filings show. "We're still selling it," Gerber told Business Insider. "I used to have a 10%, 12%, even 20% stake in Tesla at some point in my life where it was like, Tesla was taking us to the moon kind of thing. And I just think its best days are behind it." It's worth noting that Tesla handily beat third-quarter earnings estimates, soothing some investor concerns after a tough start to the year. Countering Gerber's views, some also see Musk's new political influence as a big win for his companies. "The biggest winner from a Trump White House remains Tesla and Musk which made a strategic big bet on Trump that will pay major dividends for years to come," Wedbush Securities analyst Dan Ives wrote following the election. Skeptical of the tech Gerber believes Tesla's technology has plateaued in recent years, and Musk's ties to Washington won't help that. He pointed to issues with Tesla's technology, which he's been using nearly every day for the last three years. "So the ultimate reality for full self-driving is it doesn't work, and the precision isn't good. And vision-only systems have flaws that I don't think Elon wants to admit." Gerber thinks the tech issues will persist, partly because Musk looks poised to devote more of his time to his role in the Department of Government Efficiency. Beginning with the acquisition of X, Gerber, in recent years, has been a vocal critic of what he sees as Musk's neglect of his core companies, primarily . "He doesn't work at Tesla. I mean, let's be real, "Gerber said. We all know where Elon is right now, and he's at Mar-a-Lago. So he hasn't worked at Tesla for a long time." Gerber is also concerned about some of the projects within the company. He pointed to Tesla's platform, which will be competing with more established companies like Uber and Waymo. "Why does it deserve this premium?" he said of the stock. "I get that Elon is now vice president of the United States, but that doesn't necessarily help Tesla." Trump's transition team has signaled that it would end the $7,500 tax credit for EVs— —but even that's unlikely to be a bullish catalyst for the company, Gerber said. Musk has said that repealing the tax credit would be more harmful to Tesla's rivals, but Gerber's firm has estimated that Tesla sales could drop around 25% if the tax credit was no longer available. That would be "devastating" to Tesla's business, he said, given that the company has already slashed on some of its models in the face of uncertain EV demand in recent years. "If the EV tax credit goes, that would be an extreme negative I would have to react to," Gerber said, adding that it was his biggest concern at the moment. Previously, Gerber told BI he would consider completely closing his position in Tesla by the end of the year if its business didn't improve, or if Musk didn't refocus his attention on his companies. Gerber has since adjusted his view and said he would continue to hold Tesla as a small investment in his portfolio, mostly out of bullishness on EVs in general. "Certainly if you want to get out of Tesla, it's a great opportunity," Gerber said, later adding that he was in "wait-and-see" mode. "And if you're a buyer of Tesla, boy, you're paying a lot for hope." Tesla did not respond to a request for comment from Business Insider. Read the original article onMcap Of Most Valued Firms: The market capitalisation of TCS surged by Rs 62,574 crore to Rs 16,08,782 crore. The market valuation of HDFC Bank jumped Rs 45,338 crore to Rs 14,19,270 crore. Mumbai: The combined market valuation of six of the top-10 most valued firms surged Rs 2.03 lakh crore last week as the Indian stock market ended with gains. In the trading session from December 2 to December 6, Nifty closed at 24,677 with a gain of 2.27 per cent or 546 points and Sensex closed at 81,709 with a gain of 2.39 per cent or 1,906 points. This was the third consecutive week when the stock market closed in the green. Among the top 10, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Reliance Industries, and State Bank of India (SBI) were gainers, while Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever were laggards. The market capitalisation of TCS surged by Rs 62,574 crore to Rs 16,08,782 crore. The market valuation of HDFC Bank jumped Rs 45,338 crore to Rs 14,19,270 crore. Infosys added Rs 26,885 crore taking its market cap to Rs 7,98,560 crore and the market capitalisation of Reliance Industries surged by Rs 26,185 crore to Rs 17,75,176 crore. The market capitalisation of SBI soared by Rs 22,311 crore to Rs 7,71,087 crore. ICICI Bank added Rs 19,821 crore to its market capitalisation to Rs 9,37,545 crore. On the other hand, the market capitalisation of Bharti Airtel declined by Rs 16,720 crore to Rs 9,10,005 crore. The market valuation of ITC went lower by Rs 7,256 crore to Rs 5,89,572 crore and the market capitalisation of Hindustan Unilever declined by Rs 2,843.01 crore to Rs 5,83,673.71 crore. LIC's market cap declined by Rs 1,265 crore to Rs 6,21,937.02 crore. On Friday, the stock market ended with a marginal loss. Sensex and Nifty declined by 56 points and 30 points, respectively. Stay informed on all the latest news , real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.More than 30 crew members of Thai fishing boats were detained in Myanmar waters on Saturday after three Myanmar patrol vessels opened fire on them, leaving one person dead and two injured, a navy commander said. Vice Admiral Suwat Donsakul, a commander in the 3rd Naval Area, said that one Thai fisherman drowned and “31 people were taken into Myanmar”, without specifying who had detained them. Some media reports said there were two fatalities but this could not be confirmed. Vice Adm Suwat said several Thai fishing boats were operating in Myanmar waters off Ranong province at the time of the incident. The man who is thought to have drowned “jumped into the water during the attack,” he said. Vice Adm Suwat said he had instructed local authorities to negotiate with their Myanmar counterparts to secure the release of the fishermen. He added the 31 crew — four Thais and 27 Burmese — were believed to have been taken to Yan Cheuk Island in Myanmar. Thai fishing boats have often defied warnings from Myanmar and continued to operate in Myanmar waters, which have more fish stocks than Thai waters, he said. The Thai Maritime Enforcement Command Centre said that about 50 Thai boats were fishing around 20 kilometres west of Koh Phayam when they were approached by three Myanmar patrol vessels, which opened fire on them. The attack prompted the fishermen to escape by cutting their nets and revving their engines, heading towards Koh Phayam where they were rescued by a Thai patrol boat stationed near the island. However, two Thai fishing boats were taken by the Myanmar vessels and subsequently towed into Myanmar waters. Crew members abandoned their vessels, jumping into the sea, and one of them drowned. The others were rescued by other Thai fishing vessels. Two crew members from another Thai fishing boat sustained injuries — one from gunfire from the Myanmar vessels and the other from an electric shock. The injured were taken to a hospital in Ranong. Nikorndej Balankura, a spokesman for the Ministry of Foreign Affairs, said the navy is trying to contact its Myanmar counterpart to hold talks to secure the release of the fishermen. The Thai-Myanmar Maritime Border Fisheries Coordination Centre is also working with the Thai-Myanmar Local Border Committee to resolve the situation. Prime Minister Paetongtarn Shinawatra has also instructed the Ministry of Foreign Affairs and the Thai embassy in Myanmar to work with Myanmar’s Ministry of Foreign Affairs to assist the detained crew members, said Mr Nikorndej. Ms Paetongtarn has also told state agencies to investigate whether international laws were broken during the incident, and whether overly heavy-handed action was taken against the fishermen on the Thai boats. Adm Jirapol Wongwit, the navy commander, said it was exploring every possible channel to help the detained Thai crew members. The Department of Fisheries also issued a warning urging all operators and vessel owners to be cautious when navigating near the maritime border. Thailand and Myanmar share approximately 2,400 kilometres of land and maritime borders, including in the Andaman Sea. According to a notice on the department’s website, some Thai fishing boats have been illegally operating in Myanmar waters, raising tensions between the neighbours.
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After entering Aleppo, Syrian insurgents advance to a nearby province in a major setback for Assad
The Chicago Bears (4-6) got some good injury news this week entering what looks like a must-win home game Sunday against NFC North rival Minnesota (8-2). Their offensive line was stretched so thin last week that tackle Jake Curhan, who had bounced around on the practice squad this season, was called upon to play 65 offensive snaps at left guard against the Green Bay Packers . Curhan held up surprisingly well, however, and the Bears will get starter Tevin Jenkins (ankle) back in the lineup this week against the Vikings after he was removed from Friday’s injury report. The Bears will need all the help they can get to protect rookie QB Caleb Williams against Minnesota, which enters Week 12 among the NFL leaders in sacks (35) and total takeaways (21). The Vikings head to Soldier Field relatively healthy, despite what has been a tough stretch of three consecutive road games. Who’s in and who’s out for this key Week 12 divisional matchup? Here’s a full team-by-team injury breakdown, with the latest updates off of Friday’s practice reports: Vikings vs. Bears Week 12: Full injury designations Chicago Bears OT Ryan Bates (concussion) Bates was knocked out of Chicago’s loss to the Green Bay last week, and was unable to clear the NFL’s five-step concussion protocol. Curhan was pressed into action, but Chicago has the luxury of going back to Jenkins, their former second-round pick. S Elijah Hicks (ankle) Hicks was unable to log a single practice after an ankle injury limited him to 39 snaps against the Packers last week. He had been the Bears’ starting free safety since Week 6. Chicago will turn to sixth-year pro Jonathan Owens for an expanded role against Minnesota. OT Kiran Amegadjie (calf) The rookie third-round pick out of Yale will miss his fourth straight game after injuring his calf in Week 8 against the Washington Commanders . The rookie has played 54 total offensive snaps this season in a reserve role. RB D’Andre Swift (groin) Swift was able to log a full practice on Friday, which likely puts him on the right side of questionable to face the Vikings. The Bears used closer to a 50/50 split at running back last week against the Packers, with Roschon Johnson matching his season high with 10 carries on 30 offensive snaps. Minnesota Vikings TE Josh Oliver (wrist/ankle) Oliver will be inactive for the first time this season after being held back in practice this week. T.J. Hockenson is back leading the Vikings tight end depth chart. Oliver’s absence could mean a slight uptick in playing time for veteran Johnny Mundt, who has 15 receptions on 22 targets through 10 games this season. OLB Gabriel Murphy (knee) Murphy drew the questionable tag after being ruled out early last week. The exciting undrafted rookie out of UCLA has now practiced in full on five straight days. He had his 21-day practice window opened on Nov. 6, so his NFL debut could be coming Sunday. The Vikings would have to make a roster move, though, to activate him off injured reserve. TE Nick Muse (hand) Muse hasn’t played since Week 2, but he had his 21-day practice window opened this week. He was able to log three full practices. The Vikings have taken a cautious approach with guys coming off extended injuries this season, but Muse’s services could be needed this week with Oliver already ruled out. MORE: NFL picks, score predictions Week 12: Minnesota Vikings vs. Chicago Bears1 Unstoppable Artificial Intelligence (AI) Stock You'll Want to Own Next Year - The Motley Fool
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SINGAPORE , Nov. 30, 2024 /PRNewswire/ -- Amber DWM Holding Limited ("Amber DWM"), the holding entity of Amber Group's digital wealth management business, known as Amber Premium ("Amber Premium"), today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with iClick Interactive Asia Group Limited ("iClick" or the "Listco") (NASDAQ: ICLK) and Overlord Merger Sub Ltd. ("Merger Sub"), a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Listco. Under the Merger Agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly-owned subsidiary of the Listco (the "Merger"). Amber DWM's shareholders will exchange all of their issued and outstanding share capital for a mix of newly issued Class A and Class B ordinary shares of the Listco on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933. Wayne Huo , Chief Executive Officer and Director of Amber DWM , said: " We are thrilled to embark on this transformative journey with iClick. This merger represents a significant milestone, bringing together Amber Premium's expertise in digital wealth management and iClick's innovative marketing technology. Together, we aim to redefine the digital financial ecosystem, delivering unparalleled value to our clients and stakeholders. By bridging the worlds of blockchain, fintech and digital marketing, we are unlocking new opportunities to revolutionize how value is created and exchanged in the digital economy ." The transaction values Amber DWM at US$360 million and the Listco at US$40 million by equity value on a fully diluted basis (assuming completion of certain restructuring as set forth in the Merger Agreement). Upon closing of the Merger (the "Closing"), the Amber DWM shareholders and the Listco shareholders (including holders of ADSs) will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. The Merger Agreement also contemplates that, upon the Closing, the Listco will change its name to "Amber International Holding Limited" and adopt the tenth amended and restated memorandum and articles of association of the Listco, in each case immediately before the effective time of the Merger (the "Effective Time"), following which the authorized share capital of the Listco shall only consist of Class A ordinary shares and Class B ordinary shares (with different voting powers but equal economic rights), a par value of US$0.001 each. Please refer to the Merger Agreement filed as Exhibit 99.2 to the Form 6-K furnished by the Listco to the SEC on November 29, 2024 for more details. The Listco's board of directors (the "Board") approved the Merger Agreement and other transaction documents, including but not limited to the voting agreement entered into by and among certain shareholders of the Listco (who holds approximately 36% of the outstanding shares representing 71% voting power of the Listco as of the date of this press release), the Listco and Amber DWM (the "Voting Agreement") (collectively, the "Transaction Documents"), and the transactions contemplated thereunder (the "Transactions"), with the assistance of its financial and legal advisors. The Board also resolved to recommend that the Listco's shareholders vote to authorize and approve the Transaction Documents and the Transactions when they are submitted for shareholder approval. In connection with the Transaction, each of the shareholders of Amber DWM immediately prior to the consummation of the Merger is entering into a lock-up agreement with the Listco pursuant to which they have agreed not to transfer the shares received in consideration of the Merger for a period of 12 months following the Merger closing. The completion of the Transactions is subject to the satisfaction of closing conditions set forth in the Merger Agreement, including, among other things, receipt of the Listco's shareholder approval and regulatory/stock exchange approvals (if applicable). The Merger Agreement provides for a long-stop date for any party to terminate the agreement if the Merger is not completed by June 30, 2025 . " This merger represents a transformative opportunity to broaden our business portfolio by integrating Amber Premium's state-of-the-art digital wealth management solutions. By uniting iClick's robust data analytic and enterprise software expertise with Amber Premium's advanced digital wealth management services, we aim to unblock synergies between traditional finance and the rapidly evolving digital asset ecosystem, particularly benefitting corporate and high net worth individual clients ", said Mr. Jian Tang , Chairman, Chief Executive Officer and Co-Founder of iClick . The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety to the full text of the Merger Agreement and the Voting Agreement, which are filed as Exhibits 99.2 and 99.3 to the Form 6-K furnished by the Listco to the SEC on 29, 2024, respectively. Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to Amber DWM. Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to iClick. About Amber Premium Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management platform offering private banking-level solutions tailored for the dynamic crypto economy. Serving a premium clientele of esteemed institutions and qualified individuals, Amber Premium develops and supports innovative digital wealth management products. Its institutional-grade access and operations makes it the top choice for one-stop digital wealth management services, providing tailored, secure solutions that drive growth in the Web3 economy. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia . With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iii) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of the Listco, Amber DWM or the combined entity; (iv) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Listco's securities; (vi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Amber DWM or the combined entity to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (vii) any changes in the business or operating prospects of Amber DWM and the combined entity or their businesses; (viii) changes in applicable laws and regulations; and (ix) risks relating to Amber DWM's and the combined company's ability to enhance their services and products, execute their business strategy, expand their customer base and maintain stable relationship with their business partners. A further list and description of risks and uncertainties can be found in the proxy statement that will be filed with the SEC by the Listco in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Listco, Amber DWM and their respective subsidiaries and affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. No Offer or Solicitation This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Amber DWM, the Listco or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Participants in the Solicitation The Listco, Amber DWM and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of the Listco in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement pertaining to the proposed transaction when it becomes available for the proposed transaction. Additional Information and Where to Find It The Listco will file with the SEC and mail to its shareholders a proxy statement in connection with the proposed transaction. Investors and securityholders are urged to read the proxy statement when it becomes available because it will contain important information regarding the proposed arrangement. You may access the proxy statement (when available) and other related documents filed by the Listco with the SEC at the SEC's website at www.sec.gov . You also may obtain the proxy statement (when it is available) and other documents filed by the Listco with the SEC relating to the proposed arrangement for free by accessing the Listco's website at ir.i-click.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/amber-groups-subsidiary-amber-dwm-holding-limited-and-nasdaq-listed-iclick-interactive-asia-group-limited-enter-into-a-definitive-merger-agreement-302319082.html SOURCE Amber GroupThe empires strike back at the kings of involution
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