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Bank of America signs again with FIFA for US-hosted Club World Cup that still has no TV dealsOpenAI’s Sam Altman ‘not that worried’ about rival Elon Musk’s influence in the Trump administrationTo The New York Times, it was a standard journalistic practice done in the name of fairness — asking someone involved in a story for comment. To the mother of the nominee for secretary of defense, it constituted a threat. On Wednesday, Pete Hegseth's mother accused the Times of making “threats” by calling about its story on an email she had sent to her son six years earlier that criticized his treatment of women. Penelope Hegseth sought and received an interview on Fox News Channel to support her son, whose confirmation chances are threatened by a series of damaging stories about his personal conduct. At one point, she said she wanted to directly tell President-elect Trump that her son “is not that man he was seven years ago.” She also called the Times “despicable” and attacked a basic tenet of journalism: giving someone the chance to speak for a story about actions that could be seen in a negative light. The Times' story, published Saturday , quoted from a private email that Penelope Hegseth sent to her son in 2018 while he was in the midst of divorcing his second wife. She criticized his character and treatment of women, suggesting that he get some help. “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego,” she wrote to her offspring. “You are that man (and have been for many years).” She told the Times for its story that she had sent the email in a moment of anger and followed it up two hours later with an apology. She disavows its content now. When the Times called her for comment on the story, Hegseth told Fox News that, at first, she did not respond. She said she perceived the calls as a threat — “they say unless you make a statement we will publish it as is and I think that's a despicable way to treat anyone,” she said. “I don't think a lot of people know that's the way they operate,” she said, speaking about the story. She accused the newspaper of being in it "for the money. And they don't care who they hurt, families, children. I don't believe that's the right way to do things.” Charles Stadtlander, a spokesman for the Times, said Hegseth's claim “is flatly untrue,” and she was in no way threatened. “The Times did what it always does in reporting out a story, simply reaching out and asking for a comment, which we included,” he said. Such a call is the opposite of a threat — it's an attempt to be fair, said Tom Rosenstiel, a University of Maryland professor and co-author of “Elements of Journalism: What News People Should Know and What the Public Should Expect.” “She's basically saying that brake lights are a threat because they alert you that the car ahead of you is about to stop," he said. But many Americans would perceive that call as a threat, or certainly as rude and a violation of privacy, said Tim Graham, director of media analysis at the conservative Media Research Center. “She didn't write that email to be on the front page of The New York Times,” he said. A secondary question is the newsworthiness of publishing the content of the private email, one that Hegseth said she almost immediately regretted sending and doesn't reflect how she perceives her son. Graham suggested that the newspaper wouldn't do the same for the nominee of a Democratic president-elect. “The New York Times is out to destroy these nominees,” he said. In its initial story, the Times wrote that it had obtained a copy of the email “from another person with ties to the Hegseth family.” “This was a piece of independently reported journalism published in the name of public awareness of the nominee to lead the largest department in the federal government,” Stadtlander said. “We stand behind it completely.” In many circumstances, an email from a mother to her son would be considered a private matter and out of bounds to a news organization, Rosenstiel said. But in this case, Hegseth, a former Fox News weekend host chosen by Trump to lead the Pentagon, has built himself into a public figure and is up for a very important job — and one that leads the military, which involves waging war and in which character is considered a fundamental trait. “It makes this news, honestly,” Stadtlander said. The Times wrote about Penelope Hegseth's Fox interview on Wednesday, leading with her saying her son “was not the same man he was in 2018 when she fired off an email accusing him of routinely abusing women and lacking decency and character.” There was some question about whether Hegseth would appear for an interview at his former network on Wednesday, after CNN's Kaitlan Collins posted on X the night before that “multiple people” said that was expected. A Fox News representative said that no such interview had been scheduled, and the nominee was on Capitol Hill meeting with senators. He has faced a flurry of other damaging reports, including stories about a sexual assault allegation reported to police in 2017. No charges were filed then, and Hegseth said the relationship was consensual. The New Yorker magazine wrote about reports of financial mismanagement , sexist behavior and excessive drinking when Hegseth ran a veterans' organization, and NBC News wrote about people at Fox News concerned about his alcohol use. David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.
By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Related Articles Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70
NEW YORK — The commencement of the holiday season often means the lengthening of to-do lists. There are lights to hang, cards to mail , cookies to bake and, of course, gifts to buy . Gift exchanges, whether they’re among friends, family or co-workers, can be a fun way to get in the holiday spirit. But can also be another stressor during a busy time of year. Secret Santa exchanges — where participants are assigned a gift recipient and tasked with finding them a perfect present within a price limit — sometimes mean that those in friend groups are paired with “frenemies,” someone inevitably draws themselves, or colleagues who are virtually strangers are matched up. Those possible pitfalls inspired Peter Imburg to create Elfster , a free online Secret Santa organizer, after he saw the time and effort it took to coordinate the logistics of a gift exchange with his family over 20 years ago. More top-down organization, he says, helps things run more smoothly. Say goodbye to picking names from a hat Elfster, for instance, creates pairings, asks for wish lists, offers gift suggestions at different price points and sends reminders, among other features meant to make the organizational hurdles of a gift exchange less daunting. “The organizer is like the hero. They make it all happen," Imburg said, adding that his site aims "to make it a lot easier for the organizer to do that with a minimal amount of effort.” Reliable gift ideas Cameron Rogers, a New Jersey-based social media content creator and podcast host on wellness and motherhood, understands the stress that gift exchanges can bring up. “Having to give generic gifts to people I’m not necessarily close with is extremely difficult,” Rogers said. “I can pick a good gift for my husband or my kids or my mom, but for people who I don’t know the ins and outs of their lives, I think it’s hard to pick something that you know they’re actually going to enjoy.” She recently shared a guide to Secret Santa gifts under $50 on her social media channels, emphasizing how challenging it can be to find something within a set price range that will be well-received. Gifts with a specific purpose — kitchen gadgets, home items or winter gear — and gifts that have a personalized aspect like a monogram are good go-to options for anyone feeling lost after receiving their Secret Santa assignment, she said. Imburg said the “gift gurus” at Elfster also have suggestions, especially for recipients who aren’t offering any clues as to what they’d like. In a similar vein as Rogers, the Elfster team offered ideas for some practical gifts, like water bottles, blankets and massage guns. Other no-nonsense home and kitchen items, like food storage containers, charging stations and more are featured on the site’s “Top Trending Gift Ideas for 2024” list. Gift cards, although they are not particularly glamorous, are an essentially foolproof option, Rogers said, and they won’t leave your recipient wondering where they’ll find room on their shelf for another mug or book. “I don’t want to give someone something solely to check a box,” Rogers said. “I want them to enjoy it, instead of being like, ‘What do I do with this now?’” Embrace Secret Santa as a stress reliever, instead Some gift-givers find that Secret Santa (and its many counterparts like White Elephant and Yankee Swap) actually cuts down on stress and spending, as it's often done in place of giving individual presents to each member of a group. Nicole Troiano of Cranston, Rhode Island, finds them to be a fun way to handle holidays with large groups — even if co-workers may need to ask around to get specifics on their assigned person. “It’s fun to do it that way and think about something that would be good for that person,” she said. “And then, when they open it, they’re like, ‘Oh my God!’” By the weekend after Thanksgiving, Troiano had already purchased and wrapped her gift for the exchange she’s taking part in this year. After her swap, a lucky participant will be the new owner of a cutting board, two bottles of wine wearing bottle-size ugly sweaters, and gourmet chocolates.Blame it on the food and drink?GENEVA (AP) — World Cup sponsor Bank of America teamed with FIFA for a second time Tuesday, signing for the Club World Cup that still has no broadcast deals just over six months before games start. Bank of America became FIFA’s first global banking partner in August and sealed a separate deal for a second event also being played in the United States, two days before the group-stage draw in Miami for the revamped 32-team club event . It features recent European champions Real Madrid, Manchester City and Chelsea. “FIFA is going to take America by storm and we’re going to be right at their side,” the bank’s head of marketing, David Tyrie, said in a telephone interview Tuesday. Bank of America joins 2026 World Cup sponsors Hisense and Budweiser brewer AB InBev in separately also backing the club event, and more deals are expected after Saudi Arabia is confirmed next week as the 2034 World Cup host. While games at the next World Cup, co-hosted with Canada and Mexico, will be watched by hundreds of millions globally mostly on free-to-air public networks, the Club World Cup broadcast picture is unclear. RELATED COVERAGE AC Milan and Bologna reach Italian Cup quarterfinals with convincing wins USWNT beats Netherlands 2-1 in goalkeeper Alyssa Naeher’s final match Neuer gets sent off for 1st time and Bayern Munich exits German Cup early again FIFA has promised hundreds of millions of dollars in prize money for the 32 clubs to share but is yet to announce any broadcast deals for the month-long tournament. It is expected to land on a streaming service. “You have to think about how you are going to connect with these fans,” Tyrie told the Associated Press from Boston. “TV is one, sure, social media is a big avenue. “The smart marketing capabilities are able to say ‘Hey, we need to tilt this one a little bit more away from TV-type marketing into social-type marketing.’ We have got a pretty decent strategy that we’re putting in place to do activation.” Engaging Bank of America’s customers and 250,000 employees are key to that strategy, Tyrie said. “It’s going to be for our clients, and entertainment, it’s going to be for our employees in creating excitement. All of the above.” The Club World Cup will be played in 12 stadiums across 11 cities, including Bank of America Stadium in Charlotte, N.C, and Lumen Field where the hometown Seattle Sounders play three group-stage games. European powers Madrid, Man City and Bayern Munich lead a 12-strong European challenge. Teams qualified by winning continental titles or posting consistently good results across four years of those competitions. The exception is Lionel Messi’s Inter Miami, who FIFA gave the entry reserved for a host nation team in October based on regular season record without waiting for the MLS Cup final. LA Galaxy hosts New York Red Bulls playing for that national title Saturday. Messi’s team opens the FIFA tournament June 15 in the Miami Dolphins’ Hard Rock Stadium and will play its three group games in Florida. “The more brand players you bring in, the bigger the following you have got,” Tyrie acknowledged, though adding Messi being involved was “not a make or break for the event.” The Club World Cup final is July 13 at Met Life Stadium near New York, which also will host the World Cup final one year later. ___ AP soccer: https://apnews.com/hub/soccer
A social media post by PM Narendra Modi on the occasion of Vijay Diwas (December 16) appears to have raised Bangladesh's hackles, opening a new front in the ongoing back-and-forth between the neighbouring nations. Bangladeshi law adviser Asif Nazrul took issue with PM Modi's social media post that commemorated December 16 as Vijay Diwas, honoring Indian soldiers' contributions to the 1971 victory. Nazrul posted on Facebook that the date is Bangladesh's Victory Day, emphasising that India was just an ally in Bangladesh's victory, and nothing more. Nazrul wrote, "I strongly protest. Dec 16, 1971 was the Victory Day of Bangladesh. India was an ally of this victory, nothing more." Modi's Facebook post said: "Today, on Vijay Diwas, we honour the courage and sacrifices of the brave soldiers who contributed to India's historic victory in 1971. Their selfless dedication and unwavering resolve safeguarded our nation and brought glory to us." https://www.facebook.com/photo.php?fbid=1130562718432305&set=a.336112571210661&type=3&ref=embed_post "This day is a tribute to their extraordinary valour and their unshakable spirit. Their sacrifices will forever inspire generations and remain deeply embedded in our nation's history," Modi's post further read. Finance Value and Valuation Masterclass By - CA Himanshu Jain, Ex McKinsey, Moody's, and PwC, Co - founder, The WallStreet School View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Office Productivity Excel Essentials to Expert: Your Complete Guide By - Study At Home, Quality Education Anytime, Anywhere View Program Soft Skills Cross-Cultural Communication Mastery: Connect with Confidence By - Prince Patni, Software Developer (BI, Data Science) View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Legal Complete Guide to AI Governance and Compliance By - Prince Patni, Software Developer (BI, Data Science) View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program (You can now subscribe to our Economic Times WhatsApp channel )Prime Minister Narendra Modi is scheduled to visit Rajasthan on Tuesday to participate in the 'Ek Varsh-Parinaam Utkarsh' programme, according to the Prime Minister's office. As per the PMO, he is scheduled to inaugurate and lay the foundation stone for at least 24 projects worth over Rs 46,300 crore during the event. The event marks the completion of one year of the state government. The projects that will be inaugurated today in Jaipur cover the energy, road, railway, and water sectors. Additionally, the Prime Minister will inaugurate nine projects worth over Rs 11,000 crore, which include seven central government projects and two state government projects. He will also lay the foundation stone for 15 projects worth over Rs 35,300 crore, which include nine central government projects and six state government projects, the release mentioned. 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View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Legal Complete Guide to AI Governance and Compliance By - Prince Patni, Software Developer (BI, Data Science) View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program MORE STORIES FOR YOU ✕ « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT As per the release, the projects being inaugurated during the event include Navnera Barrage, Smart Electricity Transmission Network and Asset Management System projects, Railway electrification of Bhildi-Samdari-Luni-Jodhpur-Merta Road-Degana-Ratangarh section, and Package 12 of Delhi-Vadodara Green Field Alignment (NH-148N) (Major bridge over Mej River up to the junction with SH-37A). These projects will help provide an easy commute for people and fulfil the energy needs of the state, in line with the Prime Minister's vision of green energy. Prime Minister will lay the foundation stone for the construction of Ramgarh Barrage and Mahalpur Barrage and for the system to transfer water from Navnera Barrage to Bisalpur Dam and Isarda Dam through an aqueduct on the Chambal River at a cost of over Rs 9,400 crore, it read. During the event, PM Modi will also lay the foundation stone for the installation of rooftop solar plants on government office buildings, the development of a 2000 megawatts (MW) solar park and two phases of 1000 megawatts (MW) solar parks in Poogal (Bikaner), and the drinking water transmission line from Saipau (Dholpur) to Bharatpur-Deeg-Kumher-Nagar-Kaman-Pahari and Chambal-Dholpur-Bharatpur retrofitting work. Foundation stones will also be laid for works related to the Luni-Samdari-Bhildi Double Line, Ajmer-Chanderiya Double Line, and Jaipur-Sawai Madhopur Double Line railway projects, as well as other energy transmission-related projects, the release added. (You can now subscribe to our Economic Times WhatsApp channel )Report: Recording of O.J. Simpson Confessing to 1994 Murders in Police PossessionAfter years of lagging returns and more recent concerns over U.S. office loans, has turned a corner with investors. Chief executive Victor Dodig says he won’t put that at risk with acquisitions that reduce shareholder value. “The investor sentiment fundamentally says that CIBC is a changed bank,” Dodig said in an interview with Bloomberg News. This, he said, comes after a steady focus on courting affluent Canadians as clients, investing in technology and digitization and targeting privately owned businesses and entrepreneurs in the U.S. Dodig, 59, who has led Canada’s fifth-largest bank for more than a decade, laid out the bank’s relatively straightforward strategy at CIBC’s most recent investor day in June 2022. “We don’t want to be doing something large that would make us take a step back,” Dodig said last week, adding that he remains open to an “interesting” acquisition that improves return on equity. “But it really is focused on organic growth and tuck-in acquisitions, particularly in the wealth-management space, which are capital light and would strengthen our hand in a business that we’re very good at,” he said. CIBC’s revamped strategy wasn’t an immediate success. The lender was initially dogged by a reputation for costly mistakes in the past — it was caught up in ’s bankruptcy and took big writedowns on securities linked to U.S. subprime mortgages during the financial crisis. By the middle of 2023, signs of distress emerged in its U.S. commercial lending book. The lender had a higher exposure to the troubled U.S. office space than its peers and took a series of large provisions against potentially bad loans in the sector. But after taking steps to reduce its exposure to such debt, CIBC’s credit performance has been strong for most of this year. With that in hand, investors have turned their focus to the bank’s revenue growth, cost controls and strong execution, sending the stock to new all-time highs. “CIBC put up the best results this earnings season, followed by Royal Bank, both of which continued to deliver solid and consistent numbers along with strong guidance for next year,” analyst Meny Grauman wrote to clients last week. Grauman has a buy rating on the stock and a one-year price target of $114, significantly higher than the consensus among analysts of $97.73. CIBC’s shares have been hovering above $94.
Citing Hunter Biden pardon, Trump asks judge to dismiss his criminal hush money case
A train is due to arrive at the nation's busiest railway station five years late. or signup to continue reading After years of delays and disputes, the first service using a new fleet of intercity trains is due to pull in to Sydney's Central station shortly before 11am. The train left Newcastle at 8.21am on Tuesday - about five years after the first sets were originally due to enter service in NSW. The Korean-built trains were too wide to fit through some tunnels, too long for some platforms and faced opposition from the Rail, Tram and Bus Union due to plans for drivers to monitor platforms using CCTV, reducing staffing requirements. An agreement was eventually reached with the union after a long dispute with the former coalition government and modifications were made locally beginning in August 2023. Transport Minister Jo Haylen said it should not have taken so long for the trains to enter service, but they were finally taking passengers along the Newcastle and Central Coast lines. Passengers along the Blue Mountains, Illawarra and South Coast lines will have to wait a while longer, but Ms Haylen said it would be worth it. "These state-of-the-art trains will make travel between Sydney and our regional cities safer and more comfortable," she said. The trains are due to replace rolling stock that entered service almost five decades earlier. Early renders of the trains featured "NSW TrainLink" branding, which is being abolished as its operations merge with Sydney Trains. Sydney Trains chief executive Matt Longland said getting the trains on the tracks was an incredibly complex project. "But we are pleased we have been able to work with the unions to locally modify these trains and get them into service," he said. "The Mariyung trains are quieter and roomier and will provide our passengers with a much improved and more comfortable travelling experience for decades to come." The electric trains, also known as the "D Set", have been given the name Mariyung after the Darug language word for emu. They will feature artwork from Indigenous artist Leanne Mulgo Watson. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement
Bank of Canada governor Tiff Macklem says the central bank is preparing for a future that looks more uncertain and more prone to shocks. In a speech to the Greater Vancouver Board of Trade, he said Monday structural changes are underway in the world including demographic shifts, technological changes, decarbonization and a move away from globalization. “We need to use the pandemic experience to prepare for future crises,” Macklem said in a prepared text of his speech. To that end, Macklem says the Bank of Canada is working to learn what it can from how the economy reacted to the pandemic and in its aftermath. The Bank of Canada is conducting a review of the policy actions it took to restore financial stability and support the economy during the pandemic that it plans to publish along with an assessment of an independent panel of experts. Macklem said the spike in inflation in 2022 was a reminder that even though inflation was relatively low and stable for 30 years leading up to the pandemic, central banks cannot take public trust for granted. “All of a sudden, people couldn’t afford the things they need. And while inflation is low once again, many prices are still a lot higher than they were before the pandemic. So people feel ripped off. And that erodes public trust in our economic system,” he said in his speech. The Bank of Canada has cut its key policy interest rate five times this year including last week when it reduced the benchmark by a half a percentage point to 3.25 per cent. Macklem says the bank will be evaluating the need for further reductions in the policy rate one decision at a time and anticipates a more gradual approach to monetary policy if the economy evolves as expected. Statistics Canada reported last month that the annual inflation rate was two per cent in Ontario, hitting the Bank of Canada’s target. The speech by Macklem came ahead of the release of the November inflation report on Tuesday. This report by The Canadian Press was first published Dec. 16, 2024. The Canadian PressPete Hegseth's mother says The New York Times made 'threats' by asking her to comment on a storyPanthic leaders: Sikh clergy’s punishment for Sukhbir is mild
With a Juan Soto free agent decision looming, the MLB free agent market is largely at a standstill. That has teams like the New York Yankees doing their homework on backup plans if Soto decides to sign elsewhere. The Yankees are considering infielder Willy Adames as a possible backup plan if Soto decides not to sign with them, according to Mark Feinsand of MLB.com . Adames would fit at shortstop or third base for the Yankees, depending on what they choose to do with Anthony Volpe and Jazz Chisholm. Adames has been a shortstop for his entire career, but has signaled an openness to move to third base in order to expand his market. Volpe played shortstop for the Yankees this season, but he could move to second base to accommodate Adames and replace free agent Gleyber Torres. The Yankees could also move Adames to third and keep Volpe at short while having Chisholm play second. Regarded as one of the game’s best hitting shortstops, Adames hit over 30 home runs last season for the second time in three years. The career .248 hitter has never made an All-Star team, but finished 10th in NL MVP voting with the Milwaukee Brewers in 2024. The Yankees will not be alone in their pursuit of him, as he has drawn interest from multiple teams . The Yankees are still regarded as one of the favorites to land Soto. Previous reports indicated the Yankees would likely spread that money around were he to sign elsewhere. This article first appeared on Larry Brown Sports and was syndicated with permission.
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Bank of America signs again with FIFA for US-hosted Club World Cup that still has no TV dealsOpenAI’s Sam Altman ‘not that worried’ about rival Elon Musk’s influence in the Trump administrationTo The New York Times, it was a standard journalistic practice done in the name of fairness — asking someone involved in a story for comment. To the mother of the nominee for secretary of defense, it constituted a threat. On Wednesday, Pete Hegseth's mother accused the Times of making “threats” by calling about its story on an email she had sent to her son six years earlier that criticized his treatment of women. Penelope Hegseth sought and received an interview on Fox News Channel to support her son, whose confirmation chances are threatened by a series of damaging stories about his personal conduct. At one point, she said she wanted to directly tell President-elect Trump that her son “is not that man he was seven years ago.” She also called the Times “despicable” and attacked a basic tenet of journalism: giving someone the chance to speak for a story about actions that could be seen in a negative light. The Times' story, published Saturday , quoted from a private email that Penelope Hegseth sent to her son in 2018 while he was in the midst of divorcing his second wife. She criticized his character and treatment of women, suggesting that he get some help. “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego,” she wrote to her offspring. “You are that man (and have been for many years).” She told the Times for its story that she had sent the email in a moment of anger and followed it up two hours later with an apology. She disavows its content now. When the Times called her for comment on the story, Hegseth told Fox News that, at first, she did not respond. She said she perceived the calls as a threat — “they say unless you make a statement we will publish it as is and I think that's a despicable way to treat anyone,” she said. “I don't think a lot of people know that's the way they operate,” she said, speaking about the story. She accused the newspaper of being in it "for the money. And they don't care who they hurt, families, children. I don't believe that's the right way to do things.” Charles Stadtlander, a spokesman for the Times, said Hegseth's claim “is flatly untrue,” and she was in no way threatened. “The Times did what it always does in reporting out a story, simply reaching out and asking for a comment, which we included,” he said. Such a call is the opposite of a threat — it's an attempt to be fair, said Tom Rosenstiel, a University of Maryland professor and co-author of “Elements of Journalism: What News People Should Know and What the Public Should Expect.” “She's basically saying that brake lights are a threat because they alert you that the car ahead of you is about to stop," he said. But many Americans would perceive that call as a threat, or certainly as rude and a violation of privacy, said Tim Graham, director of media analysis at the conservative Media Research Center. “She didn't write that email to be on the front page of The New York Times,” he said. A secondary question is the newsworthiness of publishing the content of the private email, one that Hegseth said she almost immediately regretted sending and doesn't reflect how she perceives her son. Graham suggested that the newspaper wouldn't do the same for the nominee of a Democratic president-elect. “The New York Times is out to destroy these nominees,” he said. In its initial story, the Times wrote that it had obtained a copy of the email “from another person with ties to the Hegseth family.” “This was a piece of independently reported journalism published in the name of public awareness of the nominee to lead the largest department in the federal government,” Stadtlander said. “We stand behind it completely.” In many circumstances, an email from a mother to her son would be considered a private matter and out of bounds to a news organization, Rosenstiel said. But in this case, Hegseth, a former Fox News weekend host chosen by Trump to lead the Pentagon, has built himself into a public figure and is up for a very important job — and one that leads the military, which involves waging war and in which character is considered a fundamental trait. “It makes this news, honestly,” Stadtlander said. The Times wrote about Penelope Hegseth's Fox interview on Wednesday, leading with her saying her son “was not the same man he was in 2018 when she fired off an email accusing him of routinely abusing women and lacking decency and character.” There was some question about whether Hegseth would appear for an interview at his former network on Wednesday, after CNN's Kaitlan Collins posted on X the night before that “multiple people” said that was expected. A Fox News representative said that no such interview had been scheduled, and the nominee was on Capitol Hill meeting with senators. He has faced a flurry of other damaging reports, including stories about a sexual assault allegation reported to police in 2017. No charges were filed then, and Hegseth said the relationship was consensual. The New Yorker magazine wrote about reports of financial mismanagement , sexist behavior and excessive drinking when Hegseth ran a veterans' organization, and NBC News wrote about people at Fox News concerned about his alcohol use. David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.
By JUAN A. LOZANO, Associated Press HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives , including former CEO Jeffrey Skilling , were eventually convicted for their roles in the fraud. Enron founder Ken Lay’s convictions were vacated after he died of heart disease following his 2006 trial. On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Related Articles Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. Follow Juan A. Lozano on X at https://x.com/juanlozano70
NEW YORK — The commencement of the holiday season often means the lengthening of to-do lists. There are lights to hang, cards to mail , cookies to bake and, of course, gifts to buy . Gift exchanges, whether they’re among friends, family or co-workers, can be a fun way to get in the holiday spirit. But can also be another stressor during a busy time of year. Secret Santa exchanges — where participants are assigned a gift recipient and tasked with finding them a perfect present within a price limit — sometimes mean that those in friend groups are paired with “frenemies,” someone inevitably draws themselves, or colleagues who are virtually strangers are matched up. Those possible pitfalls inspired Peter Imburg to create Elfster , a free online Secret Santa organizer, after he saw the time and effort it took to coordinate the logistics of a gift exchange with his family over 20 years ago. More top-down organization, he says, helps things run more smoothly. Say goodbye to picking names from a hat Elfster, for instance, creates pairings, asks for wish lists, offers gift suggestions at different price points and sends reminders, among other features meant to make the organizational hurdles of a gift exchange less daunting. “The organizer is like the hero. They make it all happen," Imburg said, adding that his site aims "to make it a lot easier for the organizer to do that with a minimal amount of effort.” Reliable gift ideas Cameron Rogers, a New Jersey-based social media content creator and podcast host on wellness and motherhood, understands the stress that gift exchanges can bring up. “Having to give generic gifts to people I’m not necessarily close with is extremely difficult,” Rogers said. “I can pick a good gift for my husband or my kids or my mom, but for people who I don’t know the ins and outs of their lives, I think it’s hard to pick something that you know they’re actually going to enjoy.” She recently shared a guide to Secret Santa gifts under $50 on her social media channels, emphasizing how challenging it can be to find something within a set price range that will be well-received. Gifts with a specific purpose — kitchen gadgets, home items or winter gear — and gifts that have a personalized aspect like a monogram are good go-to options for anyone feeling lost after receiving their Secret Santa assignment, she said. Imburg said the “gift gurus” at Elfster also have suggestions, especially for recipients who aren’t offering any clues as to what they’d like. In a similar vein as Rogers, the Elfster team offered ideas for some practical gifts, like water bottles, blankets and massage guns. Other no-nonsense home and kitchen items, like food storage containers, charging stations and more are featured on the site’s “Top Trending Gift Ideas for 2024” list. Gift cards, although they are not particularly glamorous, are an essentially foolproof option, Rogers said, and they won’t leave your recipient wondering where they’ll find room on their shelf for another mug or book. “I don’t want to give someone something solely to check a box,” Rogers said. “I want them to enjoy it, instead of being like, ‘What do I do with this now?’” Embrace Secret Santa as a stress reliever, instead Some gift-givers find that Secret Santa (and its many counterparts like White Elephant and Yankee Swap) actually cuts down on stress and spending, as it's often done in place of giving individual presents to each member of a group. Nicole Troiano of Cranston, Rhode Island, finds them to be a fun way to handle holidays with large groups — even if co-workers may need to ask around to get specifics on their assigned person. “It’s fun to do it that way and think about something that would be good for that person,” she said. “And then, when they open it, they’re like, ‘Oh my God!’” By the weekend after Thanksgiving, Troiano had already purchased and wrapped her gift for the exchange she’s taking part in this year. After her swap, a lucky participant will be the new owner of a cutting board, two bottles of wine wearing bottle-size ugly sweaters, and gourmet chocolates.Blame it on the food and drink?GENEVA (AP) — World Cup sponsor Bank of America teamed with FIFA for a second time Tuesday, signing for the Club World Cup that still has no broadcast deals just over six months before games start. Bank of America became FIFA’s first global banking partner in August and sealed a separate deal for a second event also being played in the United States, two days before the group-stage draw in Miami for the revamped 32-team club event . It features recent European champions Real Madrid, Manchester City and Chelsea. “FIFA is going to take America by storm and we’re going to be right at their side,” the bank’s head of marketing, David Tyrie, said in a telephone interview Tuesday. Bank of America joins 2026 World Cup sponsors Hisense and Budweiser brewer AB InBev in separately also backing the club event, and more deals are expected after Saudi Arabia is confirmed next week as the 2034 World Cup host. While games at the next World Cup, co-hosted with Canada and Mexico, will be watched by hundreds of millions globally mostly on free-to-air public networks, the Club World Cup broadcast picture is unclear. RELATED COVERAGE AC Milan and Bologna reach Italian Cup quarterfinals with convincing wins USWNT beats Netherlands 2-1 in goalkeeper Alyssa Naeher’s final match Neuer gets sent off for 1st time and Bayern Munich exits German Cup early again FIFA has promised hundreds of millions of dollars in prize money for the 32 clubs to share but is yet to announce any broadcast deals for the month-long tournament. It is expected to land on a streaming service. “You have to think about how you are going to connect with these fans,” Tyrie told the Associated Press from Boston. “TV is one, sure, social media is a big avenue. “The smart marketing capabilities are able to say ‘Hey, we need to tilt this one a little bit more away from TV-type marketing into social-type marketing.’ We have got a pretty decent strategy that we’re putting in place to do activation.” Engaging Bank of America’s customers and 250,000 employees are key to that strategy, Tyrie said. “It’s going to be for our clients, and entertainment, it’s going to be for our employees in creating excitement. All of the above.” The Club World Cup will be played in 12 stadiums across 11 cities, including Bank of America Stadium in Charlotte, N.C, and Lumen Field where the hometown Seattle Sounders play three group-stage games. European powers Madrid, Man City and Bayern Munich lead a 12-strong European challenge. Teams qualified by winning continental titles or posting consistently good results across four years of those competitions. The exception is Lionel Messi’s Inter Miami, who FIFA gave the entry reserved for a host nation team in October based on regular season record without waiting for the MLS Cup final. LA Galaxy hosts New York Red Bulls playing for that national title Saturday. Messi’s team opens the FIFA tournament June 15 in the Miami Dolphins’ Hard Rock Stadium and will play its three group games in Florida. “The more brand players you bring in, the bigger the following you have got,” Tyrie acknowledged, though adding Messi being involved was “not a make or break for the event.” The Club World Cup final is July 13 at Met Life Stadium near New York, which also will host the World Cup final one year later. ___ AP soccer: https://apnews.com/hub/soccer
A social media post by PM Narendra Modi on the occasion of Vijay Diwas (December 16) appears to have raised Bangladesh's hackles, opening a new front in the ongoing back-and-forth between the neighbouring nations. Bangladeshi law adviser Asif Nazrul took issue with PM Modi's social media post that commemorated December 16 as Vijay Diwas, honoring Indian soldiers' contributions to the 1971 victory. Nazrul posted on Facebook that the date is Bangladesh's Victory Day, emphasising that India was just an ally in Bangladesh's victory, and nothing more. Nazrul wrote, "I strongly protest. Dec 16, 1971 was the Victory Day of Bangladesh. India was an ally of this victory, nothing more." Modi's Facebook post said: "Today, on Vijay Diwas, we honour the courage and sacrifices of the brave soldiers who contributed to India's historic victory in 1971. Their selfless dedication and unwavering resolve safeguarded our nation and brought glory to us." https://www.facebook.com/photo.php?fbid=1130562718432305&set=a.336112571210661&type=3&ref=embed_post "This day is a tribute to their extraordinary valour and their unshakable spirit. Their sacrifices will forever inspire generations and remain deeply embedded in our nation's history," Modi's post further read. Finance Value and Valuation Masterclass By - CA Himanshu Jain, Ex McKinsey, Moody's, and PwC, Co - founder, The WallStreet School View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Office Productivity Excel Essentials to Expert: Your Complete Guide By - Study At Home, Quality Education Anytime, Anywhere View Program Soft Skills Cross-Cultural Communication Mastery: Connect with Confidence By - Prince Patni, Software Developer (BI, Data Science) View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Legal Complete Guide to AI Governance and Compliance By - Prince Patni, Software Developer (BI, Data Science) View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program (You can now subscribe to our Economic Times WhatsApp channel )Prime Minister Narendra Modi is scheduled to visit Rajasthan on Tuesday to participate in the 'Ek Varsh-Parinaam Utkarsh' programme, according to the Prime Minister's office. As per the PMO, he is scheduled to inaugurate and lay the foundation stone for at least 24 projects worth over Rs 46,300 crore during the event. The event marks the completion of one year of the state government. The projects that will be inaugurated today in Jaipur cover the energy, road, railway, and water sectors. Additionally, the Prime Minister will inaugurate nine projects worth over Rs 11,000 crore, which include seven central government projects and two state government projects. He will also lay the foundation stone for 15 projects worth over Rs 35,300 crore, which include nine central government projects and six state government projects, the release mentioned. 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View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Legal Complete Guide to AI Governance and Compliance By - Prince Patni, Software Developer (BI, Data Science) View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program MORE STORIES FOR YOU ✕ « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT As per the release, the projects being inaugurated during the event include Navnera Barrage, Smart Electricity Transmission Network and Asset Management System projects, Railway electrification of Bhildi-Samdari-Luni-Jodhpur-Merta Road-Degana-Ratangarh section, and Package 12 of Delhi-Vadodara Green Field Alignment (NH-148N) (Major bridge over Mej River up to the junction with SH-37A). These projects will help provide an easy commute for people and fulfil the energy needs of the state, in line with the Prime Minister's vision of green energy. Prime Minister will lay the foundation stone for the construction of Ramgarh Barrage and Mahalpur Barrage and for the system to transfer water from Navnera Barrage to Bisalpur Dam and Isarda Dam through an aqueduct on the Chambal River at a cost of over Rs 9,400 crore, it read. During the event, PM Modi will also lay the foundation stone for the installation of rooftop solar plants on government office buildings, the development of a 2000 megawatts (MW) solar park and two phases of 1000 megawatts (MW) solar parks in Poogal (Bikaner), and the drinking water transmission line from Saipau (Dholpur) to Bharatpur-Deeg-Kumher-Nagar-Kaman-Pahari and Chambal-Dholpur-Bharatpur retrofitting work. Foundation stones will also be laid for works related to the Luni-Samdari-Bhildi Double Line, Ajmer-Chanderiya Double Line, and Jaipur-Sawai Madhopur Double Line railway projects, as well as other energy transmission-related projects, the release added. (You can now subscribe to our Economic Times WhatsApp channel )Report: Recording of O.J. Simpson Confessing to 1994 Murders in Police PossessionAfter years of lagging returns and more recent concerns over U.S. office loans, has turned a corner with investors. Chief executive Victor Dodig says he won’t put that at risk with acquisitions that reduce shareholder value. “The investor sentiment fundamentally says that CIBC is a changed bank,” Dodig said in an interview with Bloomberg News. This, he said, comes after a steady focus on courting affluent Canadians as clients, investing in technology and digitization and targeting privately owned businesses and entrepreneurs in the U.S. Dodig, 59, who has led Canada’s fifth-largest bank for more than a decade, laid out the bank’s relatively straightforward strategy at CIBC’s most recent investor day in June 2022. “We don’t want to be doing something large that would make us take a step back,” Dodig said last week, adding that he remains open to an “interesting” acquisition that improves return on equity. “But it really is focused on organic growth and tuck-in acquisitions, particularly in the wealth-management space, which are capital light and would strengthen our hand in a business that we’re very good at,” he said. CIBC’s revamped strategy wasn’t an immediate success. The lender was initially dogged by a reputation for costly mistakes in the past — it was caught up in ’s bankruptcy and took big writedowns on securities linked to U.S. subprime mortgages during the financial crisis. By the middle of 2023, signs of distress emerged in its U.S. commercial lending book. The lender had a higher exposure to the troubled U.S. office space than its peers and took a series of large provisions against potentially bad loans in the sector. But after taking steps to reduce its exposure to such debt, CIBC’s credit performance has been strong for most of this year. With that in hand, investors have turned their focus to the bank’s revenue growth, cost controls and strong execution, sending the stock to new all-time highs. “CIBC put up the best results this earnings season, followed by Royal Bank, both of which continued to deliver solid and consistent numbers along with strong guidance for next year,” analyst Meny Grauman wrote to clients last week. Grauman has a buy rating on the stock and a one-year price target of $114, significantly higher than the consensus among analysts of $97.73. CIBC’s shares have been hovering above $94.
Citing Hunter Biden pardon, Trump asks judge to dismiss his criminal hush money case
A train is due to arrive at the nation's busiest railway station five years late. or signup to continue reading After years of delays and disputes, the first service using a new fleet of intercity trains is due to pull in to Sydney's Central station shortly before 11am. The train left Newcastle at 8.21am on Tuesday - about five years after the first sets were originally due to enter service in NSW. The Korean-built trains were too wide to fit through some tunnels, too long for some platforms and faced opposition from the Rail, Tram and Bus Union due to plans for drivers to monitor platforms using CCTV, reducing staffing requirements. An agreement was eventually reached with the union after a long dispute with the former coalition government and modifications were made locally beginning in August 2023. Transport Minister Jo Haylen said it should not have taken so long for the trains to enter service, but they were finally taking passengers along the Newcastle and Central Coast lines. Passengers along the Blue Mountains, Illawarra and South Coast lines will have to wait a while longer, but Ms Haylen said it would be worth it. "These state-of-the-art trains will make travel between Sydney and our regional cities safer and more comfortable," she said. The trains are due to replace rolling stock that entered service almost five decades earlier. Early renders of the trains featured "NSW TrainLink" branding, which is being abolished as its operations merge with Sydney Trains. Sydney Trains chief executive Matt Longland said getting the trains on the tracks was an incredibly complex project. "But we are pleased we have been able to work with the unions to locally modify these trains and get them into service," he said. "The Mariyung trains are quieter and roomier and will provide our passengers with a much improved and more comfortable travelling experience for decades to come." The electric trains, also known as the "D Set", have been given the name Mariyung after the Darug language word for emu. They will feature artwork from Indigenous artist Leanne Mulgo Watson. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement
Bank of Canada governor Tiff Macklem says the central bank is preparing for a future that looks more uncertain and more prone to shocks. In a speech to the Greater Vancouver Board of Trade, he said Monday structural changes are underway in the world including demographic shifts, technological changes, decarbonization and a move away from globalization. “We need to use the pandemic experience to prepare for future crises,” Macklem said in a prepared text of his speech. To that end, Macklem says the Bank of Canada is working to learn what it can from how the economy reacted to the pandemic and in its aftermath. The Bank of Canada is conducting a review of the policy actions it took to restore financial stability and support the economy during the pandemic that it plans to publish along with an assessment of an independent panel of experts. Macklem said the spike in inflation in 2022 was a reminder that even though inflation was relatively low and stable for 30 years leading up to the pandemic, central banks cannot take public trust for granted. “All of a sudden, people couldn’t afford the things they need. And while inflation is low once again, many prices are still a lot higher than they were before the pandemic. So people feel ripped off. And that erodes public trust in our economic system,” he said in his speech. The Bank of Canada has cut its key policy interest rate five times this year including last week when it reduced the benchmark by a half a percentage point to 3.25 per cent. Macklem says the bank will be evaluating the need for further reductions in the policy rate one decision at a time and anticipates a more gradual approach to monetary policy if the economy evolves as expected. Statistics Canada reported last month that the annual inflation rate was two per cent in Ontario, hitting the Bank of Canada’s target. The speech by Macklem came ahead of the release of the November inflation report on Tuesday. This report by The Canadian Press was first published Dec. 16, 2024. The Canadian PressPete Hegseth's mother says The New York Times made 'threats' by asking her to comment on a storyPanthic leaders: Sikh clergy’s punishment for Sukhbir is mild
With a Juan Soto free agent decision looming, the MLB free agent market is largely at a standstill. That has teams like the New York Yankees doing their homework on backup plans if Soto decides to sign elsewhere. The Yankees are considering infielder Willy Adames as a possible backup plan if Soto decides not to sign with them, according to Mark Feinsand of MLB.com . Adames would fit at shortstop or third base for the Yankees, depending on what they choose to do with Anthony Volpe and Jazz Chisholm. Adames has been a shortstop for his entire career, but has signaled an openness to move to third base in order to expand his market. Volpe played shortstop for the Yankees this season, but he could move to second base to accommodate Adames and replace free agent Gleyber Torres. The Yankees could also move Adames to third and keep Volpe at short while having Chisholm play second. Regarded as one of the game’s best hitting shortstops, Adames hit over 30 home runs last season for the second time in three years. The career .248 hitter has never made an All-Star team, but finished 10th in NL MVP voting with the Milwaukee Brewers in 2024. The Yankees will not be alone in their pursuit of him, as he has drawn interest from multiple teams . The Yankees are still regarded as one of the favorites to land Soto. Previous reports indicated the Yankees would likely spread that money around were he to sign elsewhere. This article first appeared on Larry Brown Sports and was syndicated with permission.
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