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Lamont Rogers, a 5-star offensive tackle, has decommitted from Missouri following a strong recruiting push from Texas A&M, according to Hunter Shelton of On3Sports. Rogers originally committed to the Missouri Tigers on July 6 but has now announced his return to the recruiting process in a social media post: Out of Mesquite, Texas, Rogers is considered the No. 26 overall prospect and the No. 5 offensive tackle in the 2025 class, according to 247Sports . The 6'7" senior has taken multiple visits to College Station to see what Mike Elko's program is all about, including an unofficial visit with the Aggies on Aug. 31. Shortly after, recruiting analysis for 247Sports predicted that Rogers would sign with the team on Nov. 7. Prior to his official announcement, Rogers had hinted at being interested in Texas A&M. "I am still trying to figure out what I want to do," Rogers said on Nov. 19, per Shelton. "With Texas A&M, what I like about them is what they have done in year one. I am impressed by that and what coach Elko and coach Cushing are doing." The Aggies wrapped up the season with an 8-4 record, finishing fourth in the SEC and ranked No. 20 in the AP poll, earning bowl eligibility.
WASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling , as early as January 14, in a letter sent to congressional leaders Friday afternoon. "Treasury expects to hit the statutory debt ceiling between January 14 and January 23," she wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which was suspended until Jan. 1, 2025. The department in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. Once those measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. "I respectfully urge Congress to act to protect the full faith and credit of the United States," Yellen said. FILE - U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on Jan. 8, 2024. (AP Photo/Susan Walsh, File) The news came after Democratic President Joe Biden signed a bill into law last week that averted a government shutdown but did not include Republican President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. Congress approved the bill only after a fierce internal debate among Republicans over how to handle Trump's demand. “Anything else is a betrayal of our country,” Trump said in a statement. After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Jan. 2 the debt is projected to temporarily decrease due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments. As a result, “Treasury does not expect that it will be necessary to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations," she said. The federal debt stands at about $36 trillion — after ballooning across both Republican and Democratic administrations. The spike in inflation after the COVID-19 pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but are debating over how to pay for them. Many consumers may remember receiving their first credit card, either years ago in a plain envelope, or months ago from a smartphone app. Still other consumers may remember their newest card, maybe because it's the credit card they're now using exclusively to maximize cash back rewards or airline miles. But for most consumers, there's also a murky in-between where they add, drop and generally accumulate credit cards over time. Over the years, consumers may close some credit card accounts or leave some of their credit cards dormant as a backup form of payment, or perhaps left forgotten in a desk drawer. In the data below, Experian reveals the changes in consumers wallets in recent years. U.S. consumers, on average, carry fewer cards today than they did in 2017, when the typical wallet held 4.2 active credit cards. As of the third quarter (Q3) of 2023, consumers carried 3.9 cards on average. This average is up slightly since the early days of the pandemic, when consumers reduced their average credit card debt and number of accounts as the economy slowed. As Experian revealed earlier this year, credit card balances are still climbing, despite (and partially because of) higher interest rates. And while average balances are increasing, they are spread across fewer accounts than in recent years. Alternative financing—including buy now, pay later plans for purchases—may account for at least some of this discrepancy, as consumers gravitate toward these newer financing methods. In general, residents of higher-population states tend to carry more credit cards than those who live in states with fewer and smaller population centers. Nonetheless, the difference between the states is relatively small. Considering that the national average is around four credit cards per consumer, the four states with the fewest cards per consumer (Alaska, South Dakota, Vermont and Wyoming) aren't appreciably different, with "only" about 3.3 credit cards per consumer. Similarly, the four states on the higher end of the scale where consumers have 4.2 or more credit cards are Connecticut, Delaware, Florida, New Jersey and Rhode Island. The disparity in average credit card counts is more apparent when the population is segmented by age, thanks in part to Generation Z, many of whom have yet to receive their first credit card. The average number of credit cards for these consumers was two, less than half of what older generations keep on hand. The average number of credit cards held by each generation follows the familiar pattern seen in credit card balances, which tend to increase in a consumer's middle age. It's not surprising that the number of credit card accounts follows a similar climb throughout young adulthood and middle age, then drops off in the retirement years. No matter how many credit cards you may have at the moment, keep in mind that the number of accounts has little if any bearing on one's FICO Score. Far more important is how consumers manage those accounts. This is easily demonstrable by quickly stepping through some of the factors that affect your credit scores . Longer credit histories do tend to have a positive effect on a consumer's credit score, but it's not something you can rush. Adhering to on-time payments and managing amounts owed will go far in improving credit scores, even absent a lengthy credit history. While accounts closed in good standing remain on your credit report for 10 years, canceling your oldest credit card account still has the potential to shorten your credit history when it is eventually removed. The impact of its removal depends on any other active credit cards in your credit file. Ultimately, the number of cards a particular individual carries is a personal decision. Justifications can be found for carrying a travel rewards card, a cash back card, a balance transfer card, a card for business transactions and other types of credit cards that other consumers may not have either the need or qualifications for. However, keeping track of numerous credit cards, whether or not a consumer is actively using all of them, can be a mentally taxing exercise. Not only that, credit card fees can add up and dull the benefit of carrying several credit cards. Organized consumers can benefit greatly from a wallet full of specialized cards, but for those seeking a more zen-like financial future, some judicial pruning may be in order. Methodology: The analysis results provided are based on an Experian-created statistically relevant aggregate sampling of our consumer credit database that may include use of the FICO Score 8 version. Different sampling parameters may generate different findings compared with other similar analysis. Analyzed credit data did not contain personal identification information. Metro areas group counties and cities into specific geographic areas for population censuses and compilations of related statistical data. This story was produced by Experian and reviewed and distributed by Stacker Media. Get Government & Politics updates in your inbox!NASHVILLE, Tenn. (AP) — Tennessee Titans coach Brian Callahan said Wednesday that wide receiver Treylon Burks , who's been on injured reserve since mid-October with an injured knee, recently had surgery to fix a partially torn ACL. “It was a loose ACL that wasn’t fully torn, and so they had to go see a specialist, so some weeks went by after he went on IR and he eventually had to have ACL surgery,” Callahan said. “The surgery was a couple of weeks back, and the time from when he went to IR until he had the surgery was also a couple of weeks.” Burks was hurt in practice the week after the Titans lost to Indianapolis on Oct. 13 and placed on injured reserve on Oct. 19. The 2022 first-round pick is no stranger to injuries. He suffered concussions in both 2022 against Philadelphia and last year against Pittsburgh. Burks missed six games in each of his first two seasons with the Titans and played in just five games this season before being placed on injured reserve. He finished 2024 with four receptions for 34 yards. For his three NFL seasons, Burks has 53 receptions for 699 yards and one touchdown catch. The Titans (3-9) host Jacksonville (2-10) on Sunday. The Titans opened the three-week practice window for offensive tackle Jaelyn Duncan to return from injured reserve. Duncan has started two games, the second against Buffalo on Oct. 20 at right tackle and lasted four snaps before hurting his hamstring. He was placed on injured reserve Oct. 26. AP NFL: https://apnews.com/hub/nfl
The Weight Of Words & The Art Of Silence
From Maui to the Caribbean, Thanksgiving tournaments a beloved part of college basketballVancouver-based bookkeeping service Bench Accounting has announced its sudden closure, potentially putting hundreds of staff out of work. The company that has described itself as North America’s largest bookkeeping service for small businesses says on its website in a “notice of closure” dated Friday that the platform is “no longer accessible.” The statement acknowledges that the closure is “abrupt and may cause disruption,” and says the firm is committed to helping customers “navigate through the transition.” Bench has previously said it had more than 600 employees and had received investor funding of US$113 million. It said it moved to Vancouver and changed its name to Bench in 2013, having started out in 2012 as 10sheet Inc in the U.S. Calls to Bench’s Vancouver office went to voice mail and did not immediately receive a response. But the company’s former CEO and co-founder Ian Crosby released a statement on social media on Friday, saying he was “very sad” about the closure. Crosby, who said he was ousted by the company’s board about three years ago, said there was a lesson in the fate of the company. “I hope the story of Bench goes on to become a warning for VCs (venture capitalists) that think they can ‘upgrade’ a company by replacing the founder. It never works,” he said. The University of British Columbia Sauder Business School alumni said he had been avoiding speaking publicly about Bench since his exit, but wanted to make a statement in light of the company’s demise. He said that in 2021 he had been battling with some board members over their strategy for a “new direction” that he thought was a “very bad idea.” “Rather than continuing to fight with me, they opted to just replace me, thinking that they could run the company better themselves,” he said. “I was totally convinced that their approach would destroy the company. I opted to resign rather than fight.” Other bookkeeping companies were quick to reach out to Bench’s former clients, with rivals such as Acuity and Better Bookkeeping making reference to Bench’s closure in social media pitches. A spokeswoman for B.C.‘s jobs ministry said they were looking into a request for comment. This report by The Canadian Press was first published Dec. 27, 2024.
The Indie Bestseller List for the week ending Nov. 17, 2024The Ethiopian Capital Markets Authority (ECMA) has adopted a new directive on recognition and supervision of self-regulatory organizations or SROs as part of its push to establish a regulated stock market in the country. The directive says SROs “play a valuable role in developing and enforcing standards of conducts for market participants, fostering fair competition and reducing regulatory burdens” on the ECMA. The 2021 Capital Market Proclamation empowers the Authority to institute procedures to recognize and delegate certain powers and duties to SROs. “We’re proud to announce that the Recognition and Supervision of Self-Regulatory Organizations Directive has officially been approved by the Ministry of Justice,” the Authority says. It is now registered under Directive Number 1031/2024. Regulator of the soon to be launched capital markets says “this groundbreaking directive sets the stage for entities recognized as SROs by the 2021 proclamation. It also applies to Securities Exchanges and Securities Depository and Clearing Companies in relation to their functions as SROs. “This milestone marks a crucial step in fostering a well-regulated, vibrant capital market ecosystem,” ECMA states. The directive outlines application procedures and specific regulation requirements that entities have to meet to get recognition as a Self-regulating organization. It also mandates SROs to admit only licensed capital market service providers as members, and have a “fair transparent procedure” for admitting new members. SRO will also prioritize protecting investors, promoting market integrity and reduction of systemic risks, and professionalism by developing and issuing rules and regulations that govern the behaviors and activities of its members and capital issuers. It also sets operating requirements for its members, enforces its rules on its members, conducts market surveillance and investigations, and other duties granted by the Capital Market Authority. This is the second directive that the Authority enacted in two weeks in preparation for the launching of Ethiopia’s securities exchange. Ethiopia’s Securities exchange is expected to launch its operations next month. It “will be the very first modernized securities exchange in our country’s history,” Mamo Mihretu, Governor of the National Bank of Ethiopia (NBE), said during the recent Capital Market Summit. The summit held earlier in mid November saw authorities announce more steps towards establishing a regulated stock market in the country. Among them was the enactment of a directive governing initial public offerings (IPOs) and trading of shares and securities. ECMA Director General Hanna Tehelku said the directive has come into force as of Thursday Nov 14, 2024. The Central Bank is also closing on setting up a dedicated Central Securities Depository – a core infrastructure element needed for the recording and trading of securities such as equities and bonds. It is scheduled to be ready for operations next month. “And now... we are on the cusp of launching in just a matter of weeks a full-fledged stock market in the form of the Ethiopian Securities Exchange,” NBE Governor Mamo said. “This marks a truly momentous occasion and a genuine turning point in Ethiopia’s financial history.” The Exchange will transform Ethiopia’s primary bond market to secondary, creating a stock market ecosystem for trading of various types of shares and securities. Ethio Telecom’s $255 million IPO is scheduled to be the first to be traded on the exchange when it officially starts operating next month.SANTA CLARA, Calif. (AP) — San Francisco 49ers star running back Christian McCaffrey will not need surgery on his injured right knee but he will miss the rest of the regular season. Coach Kyle Shanahan said Monday that McCaffrey will be out at least six weeks after injuring his posterior cruciate ligament in a loss to the Buffalo Bills on Sunday night . McCaffrey will be placed on injured reserve for the second time this season after previously missing the first eight games with Achilles tendinitis. “I just feel for him,” Shanahan said. “It was a real frustrating year for him. He worked his ass off to get back to this point and I think he was really feeling good and about to take off and just had that real unfortunate injury last night. I know he’s as crushed as anyone, but he’ll get through this. He’s a hell of a player, a hell of a person and an unbelievable 49er. He’ll be back stronger than ever next year to help us.” San Francisco (5-7) sits alone in last place in the NFC West standings, two wins behind division-leading Seattle, and in jeopardy of missing the playoffs a year after losing to Kansas City in the Super Bowl. The 49ers also lost McCaffrey's backup to an injury with Jordan Mason also set to go on injured reserve after suffering a high ankle sprain in the game against the Bills. It has been a frustrating season for McCaffrey, who won the 2023 AP Offensive Player of the Year then signed a lucrative contract extension in the offseason. McCaffrey injured his Achilles tendon early in training camp and missed the first eight games of the season. He rushed for just 149 yards on 43 carries in his first three games back as he struggled to get back to form. He looked much better early Sunday night with seven carries for 53 yards, including a 19-yarder that was his longest of the season. He appeared to hurt his knee on an 18-yard run in the second quarter. He then went down immediately on his next carry on a sweep to the left on a snow-slicked field for a 5-yard loss. Mason had played well as McCaffrey's replacement, rushing for 789 yards and averaging 5.2 yards per carry this season. San Francisco will now turn to rookie Isaac Guerendo and promote Patrick Taylor from the practice squad. Shanahan said the team will also look to add another running back to the mix. In other injury news from the game, defensive lineman Kevin Givens tore his pectoral muscle and will be out for the rest of the season. Shanahan said cornerback Deommodore Lenoir should be back at practice Wednesday after missing the game with a knee injury and that stars Nick Bosa (hip, oblique) and Trent Williams (ankle) will be evaluated as the week goes on. Bosa and Williams have both missed the last two games. Williams has also been dealing with family tragedy as his wife announced on Instagram that she gave birth to stillborn Trenton O’Brien Williams Jr. on Nov. 24. Sondra Williams also wrote that she was initially pregnant with twins and lost the other child earlier in the pregnancy. Shanahan said Williams spent time with his family last week but is trying to get back to play. “He was there at the hospital with her and got to meet him and say bye,” Shanahan said. “Then he had to cremate him on Friday. So he’s been dealing with that and he’s working through it. We’re all just trying to be there for him through it all.” NOTES: OL Aaron Banks and DT Jordan Elliott remain in the concussion protocol. ... LB Demetrius Flannigan-Fowles (knee) is day to day. ... LB Dre Greenlaw will get more work this week after his practice window was opened last week for the first time since he tore his Achilles in the Super Bowl. ... S Talanoa Hufanga (wrist) will have his IR practice window opened this week. AP NFL: https://apnews.com/hub/nfl
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NEW YORK (AP) — U.S. stock indexes are rising toward more records Wednesday after tech companies talked up how much of a boost they're getting from artificial intelligence . The S&P 500 climbed 0.5% to add to what looks to be one of its best years of the millennium. It’s on track to set an all-time high for the 56th time this year after coming off 10 gains in the last 11 days . The Dow Jones Industrial Average was up 252 points, or 0.6%, with an hour remaining in trading, while the Nasdaq composite was adding 1.2% to its own record. Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short. CEO Mark Benioff highlighted the company’s artificial-intelligence offering for customers, saying “the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale.” The stock of the company, which helps businesses manage their customers, rose 9.3%. Marvell Technology jumped even more after delivering better results than expected, up 23.2%. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts’ expectations. They helped offset a 9.8% drop for Foot Locker, which reported profit and revenue that fell short of analysts’ expectations. CEO Mary Dillon said the company is taking a more cautious view, and it cut its forecasts for sales and profit this year. Dillon pointed to how keen customers are for discounts and how soft demand has been outside of Thanksgiving week and other key selling periods. Retailers overall have offered mixed signals about how resilient U.S. shoppers can remain. Their spending has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable because of high interest rates brought by the Federal Reserve to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A narrower report released on Wednesday morning may have offered a preview of it. The report from ADP suggested employers in the private sector increased their payrolls by less last month than economists expected. Hiring in manufacturing was the weakest since the spring, according to Nela Richardson, chief economist at ADP. The report strengthened traders’ expectations that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. The central bank had appeared set to continue cutting rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat. Trump’s preference for higher tariffs and other policies could lead to higher economic growth and inflation , which could alter the Fed’s plans . Fed Chair Jerome Powell said Wednesday that the central bank can afford to cut its benchmark rate cautiously because inflation has slowed significantly from its peak two years ago and the economy remains sturdy. A separate report on Wednesday said health care, finance and other businesses in the U.S. services sector are continuing to grow, but not by as much as before and not by as much as economists expected. One respondent from the construction industry told the survey from the Institute for Supply Management that the Fed’s rate cuts have not pulled down mortgage rates as much as hoped yet. Plus “the unknown effect of tariffs clouds the future.” In the bond market, the yield on the 10-year Treasury fell to 4.18% from 4.23% late Tuesday. On Wall Street, Campbell’s fell 6% for one of the S&P 500’s sharper losses despite increasing its dividend and reporting a stronger profit for the latest quarter than analysts expected. Its revenue fell short of Wall Street’s expectations, and the National Football League’s Washington Commanders hired Campbell’s CEO Mark Clouse as its team president. Campbell’s said Mick Beekhuizen, its president of meals and beverages, will become its 15th CEO following Clouse’s departure. Gains for airline stocks helped offset that drop after JetBlue Airways said it saw stronger bookings for travel in November and December following the presidential election. It said it’s also benefiting from lower fuel prices, as well as lower costs due to improved on-time performance. JetBlue jumped 8.3%, while Southwest Airlines climbed 2.8%. In stock markets abroad, South Korea’s Kospi sank 1.4% following a night full of drama in Seoul. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. Yoon accused pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. The martial law declaration was revoked about six hours later. Samsung Electronics fell 0.9% in Seoul. The country’s financial regulator said it was prepared to deploy 10 trillion won ($7.07 billion) into a stock market stabilization fund at any time, the Yonhap news agency reported. In the crypto market , bitcoin climbed back above $97,000 after Trump said he would nominate Paul Atkins , a cryptocurrency advocate, to chair the Securities and Exchange Commission. AP Writers Matt Ott and Zimo Zhong contributed.BAKU, Azerbaijan , Nov. 24, 2024 /CNW/ - Minister Guilbeault shared a statement as Canada wraps up its participation at the 29th United Nations Climate Change Conference (COP29) . " Canada came to COP29 with a purpose: to demonstrate that multilateralism matters—both to respond to the climate crisis, and to support ambitious and inclusive international climate action. Throughout the two weeks of COP29 , our Canadian delegation worked in good faith and in the spirit of solidarity to promote Canadian interests, human rights, workers' rights, and the rights of Indigenous peoples, and to maintain and build on the momentum from COP28 last year in Dubai . "While this was commonly called the "Finance COP", for Canada this summit was all about the importance of partnership. Canada united with ambitious countries from all regions of the world to push for strong mitigation outcomes; played a leading role in key climate finance negotiations; and listened carefully to the requests from Small Island Developing States and Least Developed Countries. Canada worked to find common ground and led and engaged in strategic engagements to advance our priorities. " Canada welcomes the outcome on a new collective climate finance goal. Canada remains committed to supporting developing countries in their climate efforts. We will work with all partners to scale up public and private finance, and to improve access and support for the poorest and most vulnerable. Canada continues to make climate finance a priority in the implementation of the Paris Agreement. " Canada successfully pushed for the adoption of a renewed work program on gender and in support of Indigenous peoples. We welcome the outcome to increase transparency and to strengthen the integrity of international carbon markets. In Baku , we pushed for concrete steps to advance the interests and rights of workers, as more governments and industries invest significantly in climate solutions. "Our climate ambition remains unchanged. We will do our part to drastically reduce global emissions while creating good-paying jobs in the clean economy. Canada understands its responsibility and is committed to putting forward an ambitious 2035 climate plan. "Despite all the challenges, we have shown again that the Paris Agreement is working. "The world is steadily bringing down global temperature forecasts. We are tackling global emissions; investing in innovation; implementing clean energy solutions; and leading a global shift that is critical to our prosperity. We can do this." Quick facts While in Baku , Minister Guilbeault demonstrated the new models of climate finance that are possible internationally with the announced launch of GAIA, a $2 billion climate finance platform that leverages funds through independent partners like the Japanese MUFG Bank. Funds from GAIA will go up to 25 emerging markets and developing economies, with 70% of funding dedicated to adaptation to climate change. At COP29 , nearly 200 countries adopted the New Collective Quantified Goal (NCQG) on climate finance and reached a breakthrough agreement that will triple public finance to developing countries, from the previous goal of US$100 billion annually to US$300 billion annually by 2035, and secure efforts of all actors to scale up finance to developing countries from public and private sources to the amount of US$1.3 trillion per year by 2035. The Canada Pavilion welcomed thousands of visitors from around the world and hosted 65 events showcasing Canada's leadership on climate action, nature-based solutions, sustainable finance, and Canadian clean technologies—while discussing gender equality, youth perspectives, and the critical role of Indigenous knowledge and climate leadership, and the importance of workers in building and deploying climate solutions. As countries around the world prepare to announce their next round of emissions reduction targets—called Nationally Determined Contributions or NDCs—Canada announced $1.25 million to support the United Nations Secretary-General's Climate Action Team project, which is working to mobilize countries to submit credible and ambitious NDCs in 2025. Canada also announced over $12.5 million aimed at halting biodiversity loss; supporting communities to adopt climate smart practices; empowering women conservationists in Madagascar ; and supporting biodiversity in Mozambique , South Africa , and Zimbabwe to improve protected areas and enhance livelihoods for over 180,000 people in vulnerable communities in the Great Limpopo Transfrontier Conservation Area. Canada is committed to international action to reduce methane and industrial greenhouse gas emissions. As a Global Methane Pledge Champion, Canada signed an open letter during COP29 calling on all Pledge participants, as well as subnational governments, private companies, and non-governmental actors, to continue and accelerate efforts to reduce methane emissions as rapidly as possible in this critical decade and beyond. Canada also signed onto the global pledge on Scaling International Assistance for Industry Decarbonization; the COP29 Declaration on Reducing Methane from Organic Waste; and the Statement of Methane Abatement Partnership Roadmap. As a proud member of the High Ambition Coalition, Canada signed the High Ambition Coalition COP29 Leaders' Press Statement. Canada gave support to several other important international declarations and initiatives, including the Baku Global Climate Transparency Platform; the COP29 Declaration on Multisectoral Actions Pathways (MAP) to Resilient and Healthy Cities; the COP29 Declaration on Water for Climate Action; the Risk-Informed Early Action Partnership (REAP); and the Baku Initiative on Human Development for Climate Resilience. Canada , along with the United Kingdom , is co-chair of the Powering Past Coal Alliance and was pleased to welcome Uganda and Standard Chartered as new members during COP29 ; applauded the launch of the updated Powering Past Coal Alliance Finance Principles to help spur investments for earlier retirement of coal power plants; and signed onto the No New Coal Call to Action. Canada was pleased to welcome Finland and Uruguay as new members, and Nigeria as a Friend, of the Canada -led Global Carbon Pricing Challenge, seeking to expand the use of carbon pricing to cover 60% of global emissions by 2030. SOURCE Environment and Climate Change Canada View original content: http://www.newswire.ca/en/releases/archive/November2024/24/c9206.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
HISTORIC AGREEMENT BETWEEN EXPANSION DIEPPE AND MONTONI: 2 MILLION-SQUARE-FOOT SUSTAINABLE INDUSTRIAL PARKFrom Maui to the Caribbean, Thanksgiving tournaments a beloved part of college basketballColombia stocks higher at close of trade; COLCAP up 0.47%
Jake Paul's promotions company has labelled speculation that his win by unanimous decision over Mike Tyson was rigged as "incorrect and baseless". The YouTuber-turned-boxer defeated the 58-year-old former undisputed world heavyweight champion over the course of eight two-minute rounds in the controversial bout on November 15. The fight was scored 80-72, 79-73 and 79-73 in favour of the 27-year-old. Paul's Most Valuable Promotions, which partnered with Netflix for what was the most-streamed global sporting event in history, insisted in a statement released on Monday that they complied with all appropriate regulations for a match that was sanctioned by the Texas Department of Licensing and Regulations (TDLR). Please use Chrome browser for a more accessible video player "Both fighters in good faith performed to the best of their abilities with the goal of winning the fight," MVP's statement said. "There were absolutely no restrictions - contractual or otherwise - around either fighter. Each boxer was able to use his full arsenal to win the fight. Any agreement to the contrary would violate TDLR boxing rules." Trending Please use Chrome browser for a more accessible video player However, reaction to the fight came with questions about its authenticity from big names in the sport, including Hall of Famer Oscar de la Hoya, who posted on social media, "Everybody is talking about how staged this fight was. Please use Chrome browser for a more accessible video player "I do believe it was scripted and I believe that Tyson was certainly held back. Look, I'm a fighter and I can see it. Also See: Live boxing on Sky Sports Get Sky Sports or stream with NOW Listen to the Toe 2 Toe podcast Get Sky Sports on WhatsApp "It goes on their record and it was sanctioned. Jake Paul paid to get the W on his record! For what? For your own personal satisfaction? "I keep telling you, if you want to be a real fighter like you say you want to be, what are you doing? Who's next? Joe Biden? You have to fight real fighters." Paul himself fuelled some of the rumours when asked in the post-match press conference whether he took his foot off the gas in round three. Please use Chrome browser for a more accessible video player "Yeah, definitely. Definitely a bit," he told reporters. "I wanted to give the fans a show, but I didn't want to hurt someone that didn't need to be hurt." MVP said it was "illogical and inane" to suggest the company would risk a new and potentially lucrative partnership with Netflix by breaking the rules. The statement added: "Trash talk and speculation are common in sports, and athletes and promoters need to tolerate nonsensical commentary, jokes and opinions. But suggesting anything other than full effort from these fighters is not only naive but an insult to the work they put into their craft and to the sport itself."NBA Best Bets: Timberwolves vs. Rockets Picks for November 26
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Lamont Rogers, a 5-star offensive tackle, has decommitted from Missouri following a strong recruiting push from Texas A&M, according to Hunter Shelton of On3Sports. Rogers originally committed to the Missouri Tigers on July 6 but has now announced his return to the recruiting process in a social media post: Out of Mesquite, Texas, Rogers is considered the No. 26 overall prospect and the No. 5 offensive tackle in the 2025 class, according to 247Sports . The 6'7" senior has taken multiple visits to College Station to see what Mike Elko's program is all about, including an unofficial visit with the Aggies on Aug. 31. Shortly after, recruiting analysis for 247Sports predicted that Rogers would sign with the team on Nov. 7. Prior to his official announcement, Rogers had hinted at being interested in Texas A&M. "I am still trying to figure out what I want to do," Rogers said on Nov. 19, per Shelton. "With Texas A&M, what I like about them is what they have done in year one. I am impressed by that and what coach Elko and coach Cushing are doing." The Aggies wrapped up the season with an 8-4 record, finishing fourth in the SEC and ranked No. 20 in the AP poll, earning bowl eligibility.
WASHINGTON — Treasury Secretary Janet Yellen said her agency will need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling , as early as January 14, in a letter sent to congressional leaders Friday afternoon. "Treasury expects to hit the statutory debt ceiling between January 14 and January 23," she wrote in a letter addressed to House and Senate leadership, at which point extraordinary measures would be used to prevent the government from breaching the nation's debt ceiling — which was suspended until Jan. 1, 2025. The department in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating. Once those measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government’s ability to borrow. "I respectfully urge Congress to act to protect the full faith and credit of the United States," Yellen said. FILE - U.S. Treasury Secretary Janet Yellen speaks during a visit to the Financial Crimes Enforcement Network (FinCEN) in Vienna, Va., on Jan. 8, 2024. (AP Photo/Susan Walsh, File) The news came after Democratic President Joe Biden signed a bill into law last week that averted a government shutdown but did not include Republican President-elect Donald Trump’s core debt demand to raise or suspend the nation’s debt limit. Congress approved the bill only after a fierce internal debate among Republicans over how to handle Trump's demand. “Anything else is a betrayal of our country,” Trump said in a statement. After a protracted debate in the summer of 2023 over how to fund the government, policymakers crafted the Fiscal Responsibility Act, which included suspending the nation's $31.4 trillion borrowing authority until Jan. 1, 2025. Notably however, Yellen said, on Jan. 2 the debt is projected to temporarily decrease due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated with Medicare payments. As a result, “Treasury does not expect that it will be necessary to start taking extraordinary measures on January 2 to prevent the United States from defaulting on its obligations," she said. The federal debt stands at about $36 trillion — after ballooning across both Republican and Democratic administrations. The spike in inflation after the COVID-19 pandemic pushed up government borrowing costs such that debt service next year will exceed spending on national security. Republicans, who will have full control of the White House, House and Senate in the new year, have big plans to extend Trump's 2017 tax cuts and other priorities but are debating over how to pay for them. Many consumers may remember receiving their first credit card, either years ago in a plain envelope, or months ago from a smartphone app. Still other consumers may remember their newest card, maybe because it's the credit card they're now using exclusively to maximize cash back rewards or airline miles. But for most consumers, there's also a murky in-between where they add, drop and generally accumulate credit cards over time. Over the years, consumers may close some credit card accounts or leave some of their credit cards dormant as a backup form of payment, or perhaps left forgotten in a desk drawer. In the data below, Experian reveals the changes in consumers wallets in recent years. U.S. consumers, on average, carry fewer cards today than they did in 2017, when the typical wallet held 4.2 active credit cards. As of the third quarter (Q3) of 2023, consumers carried 3.9 cards on average. This average is up slightly since the early days of the pandemic, when consumers reduced their average credit card debt and number of accounts as the economy slowed. As Experian revealed earlier this year, credit card balances are still climbing, despite (and partially because of) higher interest rates. And while average balances are increasing, they are spread across fewer accounts than in recent years. Alternative financing—including buy now, pay later plans for purchases—may account for at least some of this discrepancy, as consumers gravitate toward these newer financing methods. In general, residents of higher-population states tend to carry more credit cards than those who live in states with fewer and smaller population centers. Nonetheless, the difference between the states is relatively small. Considering that the national average is around four credit cards per consumer, the four states with the fewest cards per consumer (Alaska, South Dakota, Vermont and Wyoming) aren't appreciably different, with "only" about 3.3 credit cards per consumer. Similarly, the four states on the higher end of the scale where consumers have 4.2 or more credit cards are Connecticut, Delaware, Florida, New Jersey and Rhode Island. The disparity in average credit card counts is more apparent when the population is segmented by age, thanks in part to Generation Z, many of whom have yet to receive their first credit card. The average number of credit cards for these consumers was two, less than half of what older generations keep on hand. The average number of credit cards held by each generation follows the familiar pattern seen in credit card balances, which tend to increase in a consumer's middle age. It's not surprising that the number of credit card accounts follows a similar climb throughout young adulthood and middle age, then drops off in the retirement years. No matter how many credit cards you may have at the moment, keep in mind that the number of accounts has little if any bearing on one's FICO Score. Far more important is how consumers manage those accounts. This is easily demonstrable by quickly stepping through some of the factors that affect your credit scores . Longer credit histories do tend to have a positive effect on a consumer's credit score, but it's not something you can rush. Adhering to on-time payments and managing amounts owed will go far in improving credit scores, even absent a lengthy credit history. While accounts closed in good standing remain on your credit report for 10 years, canceling your oldest credit card account still has the potential to shorten your credit history when it is eventually removed. The impact of its removal depends on any other active credit cards in your credit file. Ultimately, the number of cards a particular individual carries is a personal decision. Justifications can be found for carrying a travel rewards card, a cash back card, a balance transfer card, a card for business transactions and other types of credit cards that other consumers may not have either the need or qualifications for. However, keeping track of numerous credit cards, whether or not a consumer is actively using all of them, can be a mentally taxing exercise. Not only that, credit card fees can add up and dull the benefit of carrying several credit cards. Organized consumers can benefit greatly from a wallet full of specialized cards, but for those seeking a more zen-like financial future, some judicial pruning may be in order. Methodology: The analysis results provided are based on an Experian-created statistically relevant aggregate sampling of our consumer credit database that may include use of the FICO Score 8 version. Different sampling parameters may generate different findings compared with other similar analysis. Analyzed credit data did not contain personal identification information. Metro areas group counties and cities into specific geographic areas for population censuses and compilations of related statistical data. This story was produced by Experian and reviewed and distributed by Stacker Media. Get Government & Politics updates in your inbox!NASHVILLE, Tenn. (AP) — Tennessee Titans coach Brian Callahan said Wednesday that wide receiver Treylon Burks , who's been on injured reserve since mid-October with an injured knee, recently had surgery to fix a partially torn ACL. “It was a loose ACL that wasn’t fully torn, and so they had to go see a specialist, so some weeks went by after he went on IR and he eventually had to have ACL surgery,” Callahan said. “The surgery was a couple of weeks back, and the time from when he went to IR until he had the surgery was also a couple of weeks.” Burks was hurt in practice the week after the Titans lost to Indianapolis on Oct. 13 and placed on injured reserve on Oct. 19. The 2022 first-round pick is no stranger to injuries. He suffered concussions in both 2022 against Philadelphia and last year against Pittsburgh. Burks missed six games in each of his first two seasons with the Titans and played in just five games this season before being placed on injured reserve. He finished 2024 with four receptions for 34 yards. For his three NFL seasons, Burks has 53 receptions for 699 yards and one touchdown catch. The Titans (3-9) host Jacksonville (2-10) on Sunday. The Titans opened the three-week practice window for offensive tackle Jaelyn Duncan to return from injured reserve. Duncan has started two games, the second against Buffalo on Oct. 20 at right tackle and lasted four snaps before hurting his hamstring. He was placed on injured reserve Oct. 26. AP NFL: https://apnews.com/hub/nfl
The Weight Of Words & The Art Of Silence
From Maui to the Caribbean, Thanksgiving tournaments a beloved part of college basketballVancouver-based bookkeeping service Bench Accounting has announced its sudden closure, potentially putting hundreds of staff out of work. The company that has described itself as North America’s largest bookkeeping service for small businesses says on its website in a “notice of closure” dated Friday that the platform is “no longer accessible.” The statement acknowledges that the closure is “abrupt and may cause disruption,” and says the firm is committed to helping customers “navigate through the transition.” Bench has previously said it had more than 600 employees and had received investor funding of US$113 million. It said it moved to Vancouver and changed its name to Bench in 2013, having started out in 2012 as 10sheet Inc in the U.S. Calls to Bench’s Vancouver office went to voice mail and did not immediately receive a response. But the company’s former CEO and co-founder Ian Crosby released a statement on social media on Friday, saying he was “very sad” about the closure. Crosby, who said he was ousted by the company’s board about three years ago, said there was a lesson in the fate of the company. “I hope the story of Bench goes on to become a warning for VCs (venture capitalists) that think they can ‘upgrade’ a company by replacing the founder. It never works,” he said. The University of British Columbia Sauder Business School alumni said he had been avoiding speaking publicly about Bench since his exit, but wanted to make a statement in light of the company’s demise. He said that in 2021 he had been battling with some board members over their strategy for a “new direction” that he thought was a “very bad idea.” “Rather than continuing to fight with me, they opted to just replace me, thinking that they could run the company better themselves,” he said. “I was totally convinced that their approach would destroy the company. I opted to resign rather than fight.” Other bookkeeping companies were quick to reach out to Bench’s former clients, with rivals such as Acuity and Better Bookkeeping making reference to Bench’s closure in social media pitches. A spokeswoman for B.C.‘s jobs ministry said they were looking into a request for comment. This report by The Canadian Press was first published Dec. 27, 2024.
The Indie Bestseller List for the week ending Nov. 17, 2024The Ethiopian Capital Markets Authority (ECMA) has adopted a new directive on recognition and supervision of self-regulatory organizations or SROs as part of its push to establish a regulated stock market in the country. The directive says SROs “play a valuable role in developing and enforcing standards of conducts for market participants, fostering fair competition and reducing regulatory burdens” on the ECMA. The 2021 Capital Market Proclamation empowers the Authority to institute procedures to recognize and delegate certain powers and duties to SROs. “We’re proud to announce that the Recognition and Supervision of Self-Regulatory Organizations Directive has officially been approved by the Ministry of Justice,” the Authority says. It is now registered under Directive Number 1031/2024. Regulator of the soon to be launched capital markets says “this groundbreaking directive sets the stage for entities recognized as SROs by the 2021 proclamation. It also applies to Securities Exchanges and Securities Depository and Clearing Companies in relation to their functions as SROs. “This milestone marks a crucial step in fostering a well-regulated, vibrant capital market ecosystem,” ECMA states. The directive outlines application procedures and specific regulation requirements that entities have to meet to get recognition as a Self-regulating organization. It also mandates SROs to admit only licensed capital market service providers as members, and have a “fair transparent procedure” for admitting new members. SRO will also prioritize protecting investors, promoting market integrity and reduction of systemic risks, and professionalism by developing and issuing rules and regulations that govern the behaviors and activities of its members and capital issuers. It also sets operating requirements for its members, enforces its rules on its members, conducts market surveillance and investigations, and other duties granted by the Capital Market Authority. This is the second directive that the Authority enacted in two weeks in preparation for the launching of Ethiopia’s securities exchange. Ethiopia’s Securities exchange is expected to launch its operations next month. It “will be the very first modernized securities exchange in our country’s history,” Mamo Mihretu, Governor of the National Bank of Ethiopia (NBE), said during the recent Capital Market Summit. The summit held earlier in mid November saw authorities announce more steps towards establishing a regulated stock market in the country. Among them was the enactment of a directive governing initial public offerings (IPOs) and trading of shares and securities. ECMA Director General Hanna Tehelku said the directive has come into force as of Thursday Nov 14, 2024. The Central Bank is also closing on setting up a dedicated Central Securities Depository – a core infrastructure element needed for the recording and trading of securities such as equities and bonds. It is scheduled to be ready for operations next month. “And now... we are on the cusp of launching in just a matter of weeks a full-fledged stock market in the form of the Ethiopian Securities Exchange,” NBE Governor Mamo said. “This marks a truly momentous occasion and a genuine turning point in Ethiopia’s financial history.” The Exchange will transform Ethiopia’s primary bond market to secondary, creating a stock market ecosystem for trading of various types of shares and securities. Ethio Telecom’s $255 million IPO is scheduled to be the first to be traded on the exchange when it officially starts operating next month.SANTA CLARA, Calif. (AP) — San Francisco 49ers star running back Christian McCaffrey will not need surgery on his injured right knee but he will miss the rest of the regular season. Coach Kyle Shanahan said Monday that McCaffrey will be out at least six weeks after injuring his posterior cruciate ligament in a loss to the Buffalo Bills on Sunday night . McCaffrey will be placed on injured reserve for the second time this season after previously missing the first eight games with Achilles tendinitis. “I just feel for him,” Shanahan said. “It was a real frustrating year for him. He worked his ass off to get back to this point and I think he was really feeling good and about to take off and just had that real unfortunate injury last night. I know he’s as crushed as anyone, but he’ll get through this. He’s a hell of a player, a hell of a person and an unbelievable 49er. He’ll be back stronger than ever next year to help us.” San Francisco (5-7) sits alone in last place in the NFC West standings, two wins behind division-leading Seattle, and in jeopardy of missing the playoffs a year after losing to Kansas City in the Super Bowl. The 49ers also lost McCaffrey's backup to an injury with Jordan Mason also set to go on injured reserve after suffering a high ankle sprain in the game against the Bills. It has been a frustrating season for McCaffrey, who won the 2023 AP Offensive Player of the Year then signed a lucrative contract extension in the offseason. McCaffrey injured his Achilles tendon early in training camp and missed the first eight games of the season. He rushed for just 149 yards on 43 carries in his first three games back as he struggled to get back to form. He looked much better early Sunday night with seven carries for 53 yards, including a 19-yarder that was his longest of the season. He appeared to hurt his knee on an 18-yard run in the second quarter. He then went down immediately on his next carry on a sweep to the left on a snow-slicked field for a 5-yard loss. Mason had played well as McCaffrey's replacement, rushing for 789 yards and averaging 5.2 yards per carry this season. San Francisco will now turn to rookie Isaac Guerendo and promote Patrick Taylor from the practice squad. Shanahan said the team will also look to add another running back to the mix. In other injury news from the game, defensive lineman Kevin Givens tore his pectoral muscle and will be out for the rest of the season. Shanahan said cornerback Deommodore Lenoir should be back at practice Wednesday after missing the game with a knee injury and that stars Nick Bosa (hip, oblique) and Trent Williams (ankle) will be evaluated as the week goes on. Bosa and Williams have both missed the last two games. Williams has also been dealing with family tragedy as his wife announced on Instagram that she gave birth to stillborn Trenton O’Brien Williams Jr. on Nov. 24. Sondra Williams also wrote that she was initially pregnant with twins and lost the other child earlier in the pregnancy. Shanahan said Williams spent time with his family last week but is trying to get back to play. “He was there at the hospital with her and got to meet him and say bye,” Shanahan said. “Then he had to cremate him on Friday. So he’s been dealing with that and he’s working through it. We’re all just trying to be there for him through it all.” NOTES: OL Aaron Banks and DT Jordan Elliott remain in the concussion protocol. ... LB Demetrius Flannigan-Fowles (knee) is day to day. ... LB Dre Greenlaw will get more work this week after his practice window was opened last week for the first time since he tore his Achilles in the Super Bowl. ... S Talanoa Hufanga (wrist) will have his IR practice window opened this week. AP NFL: https://apnews.com/hub/nfl
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NEW YORK (AP) — U.S. stock indexes are rising toward more records Wednesday after tech companies talked up how much of a boost they're getting from artificial intelligence . The S&P 500 climbed 0.5% to add to what looks to be one of its best years of the millennium. It’s on track to set an all-time high for the 56th time this year after coming off 10 gains in the last 11 days . The Dow Jones Industrial Average was up 252 points, or 0.6%, with an hour remaining in trading, while the Nasdaq composite was adding 1.2% to its own record. Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short. CEO Mark Benioff highlighted the company’s artificial-intelligence offering for customers, saying “the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale.” The stock of the company, which helps businesses manage their customers, rose 9.3%. Marvell Technology jumped even more after delivering better results than expected, up 23.2%. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts’ expectations. They helped offset a 9.8% drop for Foot Locker, which reported profit and revenue that fell short of analysts’ expectations. CEO Mary Dillon said the company is taking a more cautious view, and it cut its forecasts for sales and profit this year. Dillon pointed to how keen customers are for discounts and how soft demand has been outside of Thanksgiving week and other key selling periods. Retailers overall have offered mixed signals about how resilient U.S. shoppers can remain. Their spending has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable because of high interest rates brought by the Federal Reserve to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A narrower report released on Wednesday morning may have offered a preview of it. The report from ADP suggested employers in the private sector increased their payrolls by less last month than economists expected. Hiring in manufacturing was the weakest since the spring, according to Nela Richardson, chief economist at ADP. The report strengthened traders’ expectations that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. The central bank had appeared set to continue cutting rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat. Trump’s preference for higher tariffs and other policies could lead to higher economic growth and inflation , which could alter the Fed’s plans . Fed Chair Jerome Powell said Wednesday that the central bank can afford to cut its benchmark rate cautiously because inflation has slowed significantly from its peak two years ago and the economy remains sturdy. A separate report on Wednesday said health care, finance and other businesses in the U.S. services sector are continuing to grow, but not by as much as before and not by as much as economists expected. One respondent from the construction industry told the survey from the Institute for Supply Management that the Fed’s rate cuts have not pulled down mortgage rates as much as hoped yet. Plus “the unknown effect of tariffs clouds the future.” In the bond market, the yield on the 10-year Treasury fell to 4.18% from 4.23% late Tuesday. On Wall Street, Campbell’s fell 6% for one of the S&P 500’s sharper losses despite increasing its dividend and reporting a stronger profit for the latest quarter than analysts expected. Its revenue fell short of Wall Street’s expectations, and the National Football League’s Washington Commanders hired Campbell’s CEO Mark Clouse as its team president. Campbell’s said Mick Beekhuizen, its president of meals and beverages, will become its 15th CEO following Clouse’s departure. Gains for airline stocks helped offset that drop after JetBlue Airways said it saw stronger bookings for travel in November and December following the presidential election. It said it’s also benefiting from lower fuel prices, as well as lower costs due to improved on-time performance. JetBlue jumped 8.3%, while Southwest Airlines climbed 2.8%. In stock markets abroad, South Korea’s Kospi sank 1.4% following a night full of drama in Seoul. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night, prompting troops to surround the parliament. Yoon accused pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. The martial law declaration was revoked about six hours later. Samsung Electronics fell 0.9% in Seoul. The country’s financial regulator said it was prepared to deploy 10 trillion won ($7.07 billion) into a stock market stabilization fund at any time, the Yonhap news agency reported. In the crypto market , bitcoin climbed back above $97,000 after Trump said he would nominate Paul Atkins , a cryptocurrency advocate, to chair the Securities and Exchange Commission. AP Writers Matt Ott and Zimo Zhong contributed.BAKU, Azerbaijan , Nov. 24, 2024 /CNW/ - Minister Guilbeault shared a statement as Canada wraps up its participation at the 29th United Nations Climate Change Conference (COP29) . " Canada came to COP29 with a purpose: to demonstrate that multilateralism matters—both to respond to the climate crisis, and to support ambitious and inclusive international climate action. Throughout the two weeks of COP29 , our Canadian delegation worked in good faith and in the spirit of solidarity to promote Canadian interests, human rights, workers' rights, and the rights of Indigenous peoples, and to maintain and build on the momentum from COP28 last year in Dubai . "While this was commonly called the "Finance COP", for Canada this summit was all about the importance of partnership. Canada united with ambitious countries from all regions of the world to push for strong mitigation outcomes; played a leading role in key climate finance negotiations; and listened carefully to the requests from Small Island Developing States and Least Developed Countries. Canada worked to find common ground and led and engaged in strategic engagements to advance our priorities. " Canada welcomes the outcome on a new collective climate finance goal. Canada remains committed to supporting developing countries in their climate efforts. We will work with all partners to scale up public and private finance, and to improve access and support for the poorest and most vulnerable. Canada continues to make climate finance a priority in the implementation of the Paris Agreement. " Canada successfully pushed for the adoption of a renewed work program on gender and in support of Indigenous peoples. We welcome the outcome to increase transparency and to strengthen the integrity of international carbon markets. In Baku , we pushed for concrete steps to advance the interests and rights of workers, as more governments and industries invest significantly in climate solutions. "Our climate ambition remains unchanged. We will do our part to drastically reduce global emissions while creating good-paying jobs in the clean economy. Canada understands its responsibility and is committed to putting forward an ambitious 2035 climate plan. "Despite all the challenges, we have shown again that the Paris Agreement is working. "The world is steadily bringing down global temperature forecasts. We are tackling global emissions; investing in innovation; implementing clean energy solutions; and leading a global shift that is critical to our prosperity. We can do this." Quick facts While in Baku , Minister Guilbeault demonstrated the new models of climate finance that are possible internationally with the announced launch of GAIA, a $2 billion climate finance platform that leverages funds through independent partners like the Japanese MUFG Bank. Funds from GAIA will go up to 25 emerging markets and developing economies, with 70% of funding dedicated to adaptation to climate change. At COP29 , nearly 200 countries adopted the New Collective Quantified Goal (NCQG) on climate finance and reached a breakthrough agreement that will triple public finance to developing countries, from the previous goal of US$100 billion annually to US$300 billion annually by 2035, and secure efforts of all actors to scale up finance to developing countries from public and private sources to the amount of US$1.3 trillion per year by 2035. The Canada Pavilion welcomed thousands of visitors from around the world and hosted 65 events showcasing Canada's leadership on climate action, nature-based solutions, sustainable finance, and Canadian clean technologies—while discussing gender equality, youth perspectives, and the critical role of Indigenous knowledge and climate leadership, and the importance of workers in building and deploying climate solutions. As countries around the world prepare to announce their next round of emissions reduction targets—called Nationally Determined Contributions or NDCs—Canada announced $1.25 million to support the United Nations Secretary-General's Climate Action Team project, which is working to mobilize countries to submit credible and ambitious NDCs in 2025. Canada also announced over $12.5 million aimed at halting biodiversity loss; supporting communities to adopt climate smart practices; empowering women conservationists in Madagascar ; and supporting biodiversity in Mozambique , South Africa , and Zimbabwe to improve protected areas and enhance livelihoods for over 180,000 people in vulnerable communities in the Great Limpopo Transfrontier Conservation Area. Canada is committed to international action to reduce methane and industrial greenhouse gas emissions. As a Global Methane Pledge Champion, Canada signed an open letter during COP29 calling on all Pledge participants, as well as subnational governments, private companies, and non-governmental actors, to continue and accelerate efforts to reduce methane emissions as rapidly as possible in this critical decade and beyond. Canada also signed onto the global pledge on Scaling International Assistance for Industry Decarbonization; the COP29 Declaration on Reducing Methane from Organic Waste; and the Statement of Methane Abatement Partnership Roadmap. As a proud member of the High Ambition Coalition, Canada signed the High Ambition Coalition COP29 Leaders' Press Statement. Canada gave support to several other important international declarations and initiatives, including the Baku Global Climate Transparency Platform; the COP29 Declaration on Multisectoral Actions Pathways (MAP) to Resilient and Healthy Cities; the COP29 Declaration on Water for Climate Action; the Risk-Informed Early Action Partnership (REAP); and the Baku Initiative on Human Development for Climate Resilience. Canada , along with the United Kingdom , is co-chair of the Powering Past Coal Alliance and was pleased to welcome Uganda and Standard Chartered as new members during COP29 ; applauded the launch of the updated Powering Past Coal Alliance Finance Principles to help spur investments for earlier retirement of coal power plants; and signed onto the No New Coal Call to Action. Canada was pleased to welcome Finland and Uruguay as new members, and Nigeria as a Friend, of the Canada -led Global Carbon Pricing Challenge, seeking to expand the use of carbon pricing to cover 60% of global emissions by 2030. SOURCE Environment and Climate Change Canada View original content: http://www.newswire.ca/en/releases/archive/November2024/24/c9206.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
HISTORIC AGREEMENT BETWEEN EXPANSION DIEPPE AND MONTONI: 2 MILLION-SQUARE-FOOT SUSTAINABLE INDUSTRIAL PARKFrom Maui to the Caribbean, Thanksgiving tournaments a beloved part of college basketballColombia stocks higher at close of trade; COLCAP up 0.47%
Jake Paul's promotions company has labelled speculation that his win by unanimous decision over Mike Tyson was rigged as "incorrect and baseless". The YouTuber-turned-boxer defeated the 58-year-old former undisputed world heavyweight champion over the course of eight two-minute rounds in the controversial bout on November 15. The fight was scored 80-72, 79-73 and 79-73 in favour of the 27-year-old. Paul's Most Valuable Promotions, which partnered with Netflix for what was the most-streamed global sporting event in history, insisted in a statement released on Monday that they complied with all appropriate regulations for a match that was sanctioned by the Texas Department of Licensing and Regulations (TDLR). Please use Chrome browser for a more accessible video player "Both fighters in good faith performed to the best of their abilities with the goal of winning the fight," MVP's statement said. "There were absolutely no restrictions - contractual or otherwise - around either fighter. Each boxer was able to use his full arsenal to win the fight. Any agreement to the contrary would violate TDLR boxing rules." Trending Please use Chrome browser for a more accessible video player However, reaction to the fight came with questions about its authenticity from big names in the sport, including Hall of Famer Oscar de la Hoya, who posted on social media, "Everybody is talking about how staged this fight was. Please use Chrome browser for a more accessible video player "I do believe it was scripted and I believe that Tyson was certainly held back. Look, I'm a fighter and I can see it. Also See: Live boxing on Sky Sports Get Sky Sports or stream with NOW Listen to the Toe 2 Toe podcast Get Sky Sports on WhatsApp "It goes on their record and it was sanctioned. Jake Paul paid to get the W on his record! For what? For your own personal satisfaction? "I keep telling you, if you want to be a real fighter like you say you want to be, what are you doing? Who's next? Joe Biden? You have to fight real fighters." Paul himself fuelled some of the rumours when asked in the post-match press conference whether he took his foot off the gas in round three. Please use Chrome browser for a more accessible video player "Yeah, definitely. Definitely a bit," he told reporters. "I wanted to give the fans a show, but I didn't want to hurt someone that didn't need to be hurt." MVP said it was "illogical and inane" to suggest the company would risk a new and potentially lucrative partnership with Netflix by breaking the rules. The statement added: "Trash talk and speculation are common in sports, and athletes and promoters need to tolerate nonsensical commentary, jokes and opinions. But suggesting anything other than full effort from these fighters is not only naive but an insult to the work they put into their craft and to the sport itself."NBA Best Bets: Timberwolves vs. Rockets Picks for November 26
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