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Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Berkshire Hills Bancorp BHLB in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Berkshire Hills Bancorp, revealing an average target of $34.12, a high estimate of $39.00, and a low estimate of $31.00. Marking an increase of 10.06%, the current average surpasses the previous average price target of $31.00. Breaking Down Analyst Ratings: A Detailed Examination The standing of Berkshire Hills Bancorp among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Christopher O'Connell Keefe, Bruyette & Woods Raises Market Perform $34.50 $32.00 Jon Arfstrom RBC Capital Lowers Sector Perform $31.00 $32.00 Laurie Havener Hunsicker Seaport Global Announces Buy $39.00 - Christopher O'Connell Keefe, Bruyette & Woods Raises Market Perform $32.00 $29.00 Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Berkshire Hills Bancorp. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Berkshire Hills Bancorp compared to the broader market. Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Berkshire Hills Bancorp's stock. This comparison reveals trends in analysts' expectations over time. Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Berkshire Hills Bancorp's market position. Stay informed and make well-informed decisions with our Ratings Table. Stay up to date on Berkshire Hills Bancorp analyst ratings. If you are interested in following small-cap stock news and performance you can start by tracking it here . Get to Know Berkshire Hills Bancorp Better Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services. Berkshire Hills Bancorp: A Financial Overview Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers. Revenue Growth: Berkshire Hills Bancorp's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 1.64% . This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector. Net Margin: Berkshire Hills Bancorp's net margin excels beyond industry benchmarks, reaching 34.23% . This signifies efficient cost management and strong financial health. Return on Equity (ROE): Berkshire Hills Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of 3.6% , the company demonstrates effective use of equity capital and strong financial performance. Return on Assets (ROA): Berkshire Hills Bancorp's ROA stands out, surpassing industry averages. With an impressive ROA of 0.31% , the company demonstrates effective utilization of assets and strong financial performance. Debt Management: Berkshire Hills Bancorp's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.66 , the company relies more heavily on borrowed funds, indicating a higher level of financial risk. The Basics of Analyst Ratings Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter. Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts. Which Stocks Are Analysts Recommending Now? Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NoneJohn Bolton: Trump second term poses ‘much higher chance’ of major international crisis
Smart Retail Market Report: Comprehensive Analysis of Development Trends, Key Growth Drivers, Emerging Opportunities, and the Competitive Landscape Projected Until 2031 12-21-2024 01:36 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Coherent Market Insights Pvt Ltd Smart Retail The latest report titled ""Smart Retail Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The Smart Retail market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the Smart Retail market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the Smart Retail market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102252 Report Overview and Scope: This report focuses on the global Smart Retail market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the Smart Retail market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102252 FAQ's: Which are the dominant players of the Smart Retail Market? What will be the size of the Smart Retail Market in the coming years? Which segment will lead the Smart Retail Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the Smart Retail Market? What are the go-to strategies adopted in the Smart Retail Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.Top Gaming Laptops to Gift This Holiday Season
Yacht Market 2024-2031 with Business Overview, Industry Analysis, Investment Plans, Size, Share, Forecast 2031 12-21-2024 01:33 PM CET | Logistics & Transport Press release from: Coherent Market Insights Pvt Ltd Yacht The latest report titled ""Yacht Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The Yacht market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the Yacht market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the Yacht market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102257 Report Overview and Scope: This report focuses on the global Yacht market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the Yacht market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102257 FAQ's: Which are the dominant players of the Yacht Market? What will be the size of the Yacht Market in the coming years? Which segment will lead the Yacht Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the Yacht Market? What are the go-to strategies adopted in the Yacht Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.
Have you ever wondered what it would take to train a robot to walk, grasp objects, or navigate a cluttered room with the same ease as a human? For many, the idea of might conjure images of expensive labs, endless trial-and-error, and highly specialized equipment. But what if this process could be simplified, accelerated, and made accessible to anyone with a decent computer? Enter the Genesis Project—a new innovation that’s flipping the script on robotics training. Whether you’re a seasoned researcher or a curious hobbyist, this technology promises to make advanced robotics not just a possibility, but a reality within reach. At its core, the Genesis Project uses the power of generative AI to create hyper-realistic virtual environments where robots can learn and adapt at lightning speed. Imagine training a robot in seconds instead of days, all from the comfort of your own home. This isn’t just about saving time—it’s about opening doors to creativity and innovation for people who’ve never had access to these before. But how does it work, and what makes it so innovative? uses generative AI as a high-precision physics engine to create realistic simulations, allowing advanced robotic training in virtual environments that closely mirror real-world conditions. With GPU acceleration, Genesis achieves simulation speeds up to 430,000 times faster than real-world physics, allowing complex robotic training tasks to be completed in seconds using consumer-grade hardware. A universal physics engine re-built from the ground up, capable of simulating a wide range of materials and physical phenomena. Robust sim-to-real transfer capabilities ensure that skills learned in simulations effectively translate to real-world applications, preparing robots for unpredictable conditions. The platform automates key aspects of robotics development, such as task generation and environment design, while its open source nature makes advanced tools accessible to researchers, developers, and hobbyists. Genesis supports diverse applications across industries like manufacturing, logistics, and healthcare, while introducing innovations in soft robotics and motion planning for complex, precise movements. The Genesis Project is transforming the field of robotics by using the power of generative AI to transform how robots are trained and deployed. Acting as a sophisticated physics engine, it creates highly realistic simulations of physical environments, offering a new approach to robotics development. With its open source framework and compatibility with consumer-grade hardware, Genesis makes advanced robotic training accessible to researchers, developers, and hobbyists alike. At the core of the Genesis Project lies its generative AI-powered physics engine, which is capable of simulating dynamic, four-dimensional physical environments with remarkable accuracy. This engine supports a wide range of physical behaviors, including: Simulating the motion and interaction of solid objects. Modeling flexible and elastic materials, such as artificial muscles. Replicating the behavior of liquids and gases in various conditions. Simulating objects that can bend, stretch, or compress under force. By replicating real-world conditions with such precision, Genesis enables robots to train in virtual environments that closely mirror reality. For example, a robotic arm can practice handling objects of varying textures, weights, and shapes, making sure adaptability to real-world tasks. This level of detail allows developers to fine-tune robotic performance before deployment, saving time and resources. One of the standout features of Genesis is its unparalleled simulation speed, operating up to 430,000 times faster than real-world physics. This capability allows robotic training tasks that would typically take hours or days to be completed in mere seconds. For instance, training a robot to walk, grasp objects, or navigate complex environments can be achieved in under 30 seconds using consumer-grade GPUs such as the NVIDIA RTX 4090. This remarkable efficiency is made possible through GPU acceleration, which optimizes computational performance without requiring expensive, specialized hardware. By drastically reducing training time, Genesis enables developers to iterate and refine robotic systems more rapidly than ever before. Find more information on humanoid robot by browsing our extensive range of articles, guides and tutorials. A critical challenge in robotics is making sure that skills learned in simulations translate effectively to real-world scenarios. Genesis addresses this issue through its robust sim-to-real transfer capabilities. By introducing variability into simulated environments—such as altering lighting conditions, surface textures, or object placements—robots are better equipped to handle unpredictable real-world conditions. For example, a robot trained to navigate a cluttered virtual room can seamlessly adapt to similar tasks in physical spaces like warehouses, offices, or homes. This adaptability ensures that robots trained with Genesis are not only efficient in controlled environments but also reliable in dynamic, real-world settings. Genesis simplifies the robotics development process by automating several key aspects of training. The platform can: Automatically create training scenarios tailored to specific objectives. Build realistic and customizable training spaces. Establish performance metrics to guide robotic learning. This automation minimizes the need for manual intervention, making the platform more user-friendly and accessible. Its open source nature further provide widespread access tos access to advanced robotics tools, allowing developers and enthusiasts to train robots at home using affordable, consumer-grade hardware. By lowering the barrier to entry, Genesis fosters innovation across a broader audience, encouraging experimentation and creativity in robotics. The versatility of Genesis unlocks opportunities across a wide range of industries. Robots trained on the platform can perform complex tasks such as walking, object manipulation, and navigation. These capabilities are particularly valuable in: Robots can assemble products with precision and efficiency, reducing production costs. Autonomous vehicles and drones can optimize delivery systems and warehouse operations. Robots can assist in surgeries, rehabilitation, and caregiving tasks. Robots can help with chores, provide companionship, or assist individuals with disabilities. By allowing robots to handle increasingly complex tasks, Genesis brings advanced robotics closer to everyday life, enhancing productivity and convenience across diverse sectors. Genesis introduces several innovative features that distinguish it from traditional simulation platforms. It is the first system to support soft robotics, allowing the simulation of flexible, deformable robots and their interactions with rigid counterparts. This capability is particularly significant in fields like medical robotics, where soft materials are essential for making sure patient safety during procedures. Additionally, Genesis incorporates a GPU-accelerated inverse kinematics solver, which calculates efficient robotic motion paths in real time. This ensures that robots can perform intricate movements with both precision and speed, making them suitable for tasks that require a high degree of dexterity and accuracy. The Genesis Project . By making advanced training tools accessible to a wider audience, it encourages innovation among professionals and hobbyists alike. Its scalability and cost-effectiveness could drive the adoption of robots in sectors such as agriculture, construction, and disaster response, where automation can significantly enhance efficiency and safety. However, the open source nature of the platform raises important ethical considerations. Making sure the responsible use of this powerful technology will be crucial to prevent misuse in harmful applications, such as weaponized robotics or surveillance systems. As the platform continues to evolve, addressing these challenges will be essential to maximize its benefits while minimizing risks. Media Credit:
The ability for college athletes to be paid for their name, image and likeness in a blockbuster 2021 NCAA agreement has changed NCAA Football forever and will see one player get paid in Bitcoin BTC/USD in 2025, following other professional athletes into cryptocurrency . What Happened : Since the approval of NIL deals, top NCAA Football players have been able to earn thousands and millions of dollars on deals. USC recruit Matai Tagoa'i announced he will be paid in Bitcoin for a portion of his NIL payments starting next year, as reported by On3. The deal comes through a partnership with Strike , a Bitcoin payments app. USC NIL collective House of Victory helped facilitate the deal. "This is a game-changer for me. By taking part of my NIL earnings in Bitcoin, I'm setting myself up for long-term financial growth. I'm grateful to Strike, House of Victory and 3Point0 Labs for helping me take this step," Tagoa'i said. With the deal, Tagoa'i is believed to be the first college athlete to get paid NIL payments in Bitcoin. "I'm proud to be part of this innovative collaboration that's redefining the future of college athletics and finance and hope to set an example for other young athletes." Strike founder Jack Mallers , who has helped with other Bitcoin deals for athletes , took to social media to share his excitement for the deal. "Bitcoin is more than a new technology. Bitcoin is a cultural phenomenon. An idea and a movement that's time has come. Excited to work with @mataitagoai and more athletes around the world that want to keep the wealth they earn and inspire new generations to sue better money," Mallers tweeted. A four-star recruit and top-100 recruit nationwide, the linebacker is expected to be a key to USC Football next season. Tagoa'i picked USC over other top schools he was considering including Oklahoma, Texas, Texas A&M and Washington. USC finished with a 6-6 record in the 2024 NCAA Football season, including a 4-5 record in the Big Ten Conference, its first in the conference. Read Also: Soccer Player Bet On Bitcoin In 2021 With Salary, Is Now Up Over 100%: ‘I’m A Simple Man, I Like Playing Football And I Like Playing With My Bitcoins’ Why It's Important: Former NFL player Russell Okung previously made headlines in 2020 as he announced that half his salary would be paid in Bitcoin. While many criticized the deal and later took shots at Okung when the price of Bitcoin went down, the former NFL player is having the last laugh now with Bitcoin trading near $100,000 and significantly higher than when he acquired it. The approval of NIL continues to play a big role in college sports, specifically college football and the deal between Strike and Tagoa'i could be the first of more cryptocurrency deals to come. NIL deals have even seen one of the richest people in the world help the University of Michigan land a top QB recruit, as Benzinga previously shared. NIL is also the reason there was a new NCAA Football game for Electronic Arts Inc EA this season, which went on to be a top selling game for the year. BTC Price Action: Bitcoin trades at $95,924.19 at the time of writing, versus a 52-week trading range of $38,521.89 to $108,268.45. Bitcoin is up 117% year-to-date in 2024. Read Next: Travis Hunter Wins Heisman, Will He Be #1 Pick In 2025 NFL Draft? What Betting Odds, History Show © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Brittany Mahomes Shares Relatable Update After Son Bronze, 2, Poses with Santa Claus
Federal officials warned Tuesday that a massive Chinese hacking operation against American telecommunications companies hasn’t yet been fully expelled and that the best way to hide communications from Beijing’s spies is to use encryption. Encryption is a technology that scrambles a message and requires a “key” to be able to see or hear it. Different app makers and platforms have used the technology in various forms for more than a decade so governments and hackers that intercept them as they pass through telecommunications infrastructure will see only gibberish. While adopting the technology has historically prompted complaints from law enforcement agencies — including the FBI — it’s also a way people can communicate more privately. Telecommunications companies tend to temporarily store call and SMS records — which phone number called or texted which, and when — and they briefly store the contents of SMS texts. Audio, however, is generally not recorded. That means it’s easier for hackers like those in the Chinese campaign, which Microsoft has nicknamed Salt Typhoon, to get massive amounts of data on phone records and some stored text messages, but they have to be targeted in listening to specific phone calls as they happen. For everyday consumers, the simplest way to send encrypted messages or make encrypted calls is to use communications apps like Signal or WhatsApp that have implemented end-to-end encryption between other Signal and WhatsApp users. With end-to-end encryption, every user of an encrypted chat app holds the unique code to unscramble a message sent to that account. Importantly, the corporate owner and the operator of the app don’t have access to that key, so they won’t be able to unscramble an encrypted message even if a court demands it or it is hacked. Signal and WhatsApp automatically protect all their messages that way with Signal’s encryption, which cryptographers find among the best that are commercially available. Both apps also allow users to make encrypted phone calls with other users through the internet. But even without apps like Signal and WhatsApp, many Americans frequently text with end-to-end encryption turned on, even if they don’t know it. If iMessage users text other iMessage users or Google Messages users text other Google Messages users, those chats are automatically encrypted with the Signal protocol. But when Google and iMessage users text users who use different texting applications, such as when an iMessage user texts a Google Messages user, the messages are encrypted only with Rich Communications Services, which in the U.S. are all decrypted by Google. While that means they’re in theory hidden from telecommunications companies, they’re not encrypted end to end, and they can be seen under court orders to Google or by hackers who might break into companies. For phone calls, Google and Apple offer encryption if the calls are made through their internet-connected calling apps — Google Fi and FaceTime. While the controversial app Telegram does offer what it claims is an option to message users with end-to-end encryption, some leading cryptographers are wary of endorsing it, noting that some of its code isn’t open to the public to test and that it doesn’t encrypt conversations by default . The FBI began investigating Salt Typhoon in late spring or early summer. The U.S. believes Chinese intelligence hacked into AT&T, Verizon and Lumen Technologies and gained significant access, including records of phone calls and text messages for many people, particularly in the Washington, D.C., area. In some circumstances, affecting members of both the Trump and Harris campaigns, as well as the office of Senate Majority Leader Chuck Schumer D-N.Y., they were able to listen to phone calls. China denied the accusation, as it routinely does when a Western company or government accuses it of deploying its vast cyberespionage capabilities. A spokesperson for China’s embassy in Washington said in an emailed statement that “China firmly opposes the US’s smear attacks against China without any factual basis.”
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Not for distribution to United States newswire services or for dissemination in the United States Highlights: LNG Energy Group announces initiatives to increase production at Colombian operations, optimize costs and enhance its liquidity position. LNG Energy Group proposes senior secured convertible debenture financing of up to U.S.$15 million in order to accelerate drilling in Colombia. Before-tax NPV10 for Proved (1P) reserves of U.S.$171 million representing NPV10 of C$1.55 per share in respect of the Colombian assets as at December 31, 2023. 1 Before-tax NPV10 for Proved (1P) reserves of U.S.$261 million representing NPV10 of C$2.37 per share in respect of assets related to CPPs in Venezuela as at April 30, 2024. 2 Existing assets include three drilling rigs and other non-core assets appraised at approximately U.S.$11 million . TORONTO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “ Company ” or “ LNG Energy Group ”) is pleased to announce a private placement of senior secured convertible debentures in the amount of up to U.S.$15 million (“ Private Placement ”) in order to drill two development wells, two to three exploration wells and conduct an active workover and stimulation campaign in Colombia. The Private Placement is undertaken in the context of a broader strategic review process the Company is conducting with the authorization of its Board of Directors, to explore and evaluate a range of potential alternatives for the Company to maximize shareholder value, with the assistance of ECM Capital Advisors, Eight Capital and Haywood Securities Inc. The potential initiatives may include, but are not limited to financings, corporate reorganization, strategic partnerships, acquisitions, divestitures and/or farm-outs, sale, and other forms of business combination. Pablo Navarro, Chairman and Chief Executive Officer of LNG Energy Group commented, “It has been a challenging year. Many issues have arisen with which we are dealing. Changes are being made and solutions are being implemented. Bottom line, the asset base is exceptional, and the future is bright. The turnaround is working, and we will work relentlessly to catapult the trajectory of the Company through a series of strategic initiatives that should ultimately contribute to meeting Colombia’s need for natural gas.” Strategic Initiatives Drilling Campaign Upon a successful Private Placement, farm-out and/or JV Contribution (as defined herein), the Company will commence a drilling and recompletion campaign in Colombia. Chemical Stimulations The Company completed successfully the workover of the BN-1 well consisting of a chemical stimulation that increased the well’s production by approximately 3x, offsetting losses caused by the presence of asphaltenes, fines and residues from drilling fluids. Prior to the stimulation, the well was producing at an average production of approximately 112 Mcf/d with a WHP of 72 psi on a 36/64” choke. Initial results of the stimulation showed an immediate production increase to 822 Mcf/d with a WHP of 328 psi on a 26/64” choke. The well is currently producing 350 Mcf/d with 114 psi in WHP and on a 22/64” choke. The Company intends to apply this technology to several other wells that also experienced a production decline due to the same root causes. Costs Optimization In order to reduce costs, the Company has implemented a corporate reorganization initiative which is expected to result in savings of approximately $1.5 to $2.0 million per annum. The Company continues to review ways to optimize its business and operations, including strategic partnerships with vendors, and rationalization of suppliers, inventory optimization, and adjusting the organizational structure of the Company to the current production context. Capital Strengthening The Company is in the process of farming out a part of its participating interest in the VIM-41 Block located onshore Colombia and pursuing a well development financing (the “ JV Contribution ”) to raise capital to initiate the drilling of the B5 well located onshore Colombia. Furthermore, the Company intends to review options to optimize cash flow available for drilling vis a vis its financial obligations. Secured Convertible Debenture Financing In conjunction with its near-term development plans, the Company is pleased to announce that it has entered into an agreement with Eight Capital, as lead agent and bookrunner, on behalf of a syndicate of agents including Eight Capital, Haywood Securities Inc. and ECM Capital Advisors, (together, the “ Agents ”) pursuant to which the Company has launched a proposed Private Placement on a “best efforts” agency basis in the aggregate principal amount of up to U.S.$15 million (the “ Offering ”) senior secured convertible debentures (the “ Convertible Debentures ”) to eligible investors. The terms and any applicable conditions precedent for the Convertible Debentures will be defined within the context of the market and should present a competitive opportunity for investors while unlocking shareholder value. Upon closing of the Offering, the Company will pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering. The Company is entitled to a President’s List in the amount of up to U.S.$2 million pursuant to which no fees shall be paid to the Agents. The net proceeds of the Offering will be primarily used for the Company’s next phase of drilling, workover and stimulation activities as well as for general working capital purposes. The Company expects that insiders and current stakeholders will participate in the Offering and, to date, has received interest from potential investors in the Offering. The insiders' participation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities anticipated to be acquired by insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization. As the specific participation of each related party that the Company expects will participate in the Offering has not been confirmed as of the date of this news release, additional information required under MI 61-101 will be provided in the Company’s material change report with respect to the Offering, including a description of the interest of all related parties in the Offering, and where applicable, a description of the effect on the percentage of the securities of the Company held by related parties participating. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This mews release does not constitute an offer for sale of securities in the United States. The Offering is scheduled to close at a date the Company and the Agents deem appropriate and is subject to certain conditions including, but not limited to, the execution of an agency agreement and the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities (and underlying securities) issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Other Initiatives The Board of Directors, in consultation with its legal and business advisors, are actively considering other initiatives to enhance shareholder value. The Company may initiate a share consolidation or other capital reorganizations. Certain of the foregoing initiatives may require approval from the Company’s senior lenders. Existing Asset Base The Company’s current assets consist of the following: (1) Based upon a U.S.$ to C$ exchange rate of 1.00 : 1.41. (2) Calculated by dividing the Before-Tax NPV10 value of the Proved reserves as at December 31, 2023 by 155,534,426 common shares issued and outstanding as at December 31, 2023 and using a U.S.$:C$ exchange rate of $1.41. The per share valuation excludes the value of the Company’s non-oil and gas assets and net indebtedness. (3) Calculated by dividing the Before-Tax NPV10 value of the Proved reserves as at October 29, 2024 by 155,534,426 common shares issued and outstanding as at October 29, 2024 and using a U.S.$:C$ exchange rate of $1.41. Please see the Company’s news release dated November 25, 2024 for more information. The per share valuation excludes the value of the Company’s non-oil and gas assets and net indebtedness. Neither the TSXV nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this news release. About LNG Energy Group The Company is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information, please visit www.lngenergygroup.com . For more information please contact: Angel Roa, Chief Financial Officer LNG Energy Group Corp. Website: www.lngenergygroup.com Email: investor.relations@lngenergygroup.com Find us on social media: LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/ Instagram: @lngenergygroup X: @LNGEnergyCorp CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements, and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance, often using phrases such as “expects”, “anticipates”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may” or “could”, “would”, “should”, “might” or “will” be taken to occur or be achieved, are not statements of historical fact and may be forward-looking statements. Specifically, this news release includes, but is not limited to, forward-looking statements relating to: the Company’s business plans, strategies, priorities and development plans, including the strategic initiatives being considered by the Company and the corporate reorganization and anticipated annual savings therefrom; the application of the stimulation technology used for the BN-1 well workover on other wells of the Company; the anticipated benefits of the completion of various strategic initiatives being considered by the Company; the completion of the JV Contribution and completion of other options to optimize cash flow; the ability of the Company to book additional reserves in the future; the completion of the Offering; receipt of all regulatory approvals, including the approval of the TSXV, in connection with the Offering; the anticipated insider participation in the Offering; and the anticipated use of proceeds from the Offering. The Company’s actual decisions, activities, results, performance, or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that the Company will derive from them. Information and statements relating to reserves are by their nature forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated, and can be profitably produced in the future. The recovery and reserve estimates of the Company’s reserves provided herein are estimates only, and there is no guarantee that the estimated reserves will be recovered. Consequently, actual results may differ materially from those anticipated in the forward-looking statements (see the other advisories contained in this news release). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include: the Company's ability to complete the Offering on the terms described herein or at all or to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and the delay or failure to receive regulatory or other approvals, including any approvals of the TSXV and the Company’s senior lenders, for the Offering; general business, economic, competitive, political and social uncertainties; risks related to the Company’s ability to complete any of the proposed strategic initiatives described in this news release on the terms described herein or at all; risks related to commodity prices; delay or failure to receive any necessary board, shareholder or regulatory approvals, factors may occur which impede or prevent LNG Energy Group’s future business plans; and other factors beyond the control of LNG Energy Group. The intended use of the proceeds of the Offering by the Company might change if the Board of Directors of the Company determines that it would be in the best interests of LNG Energy Group. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. Except as required by law, LNG Energy Group assumes no obligation to update the forward-looking statements, whether they change as a result of new information, future events or otherwise. CPPs Please see the Company’s news releases dated April 24, 2024 and October 21, 2024 for additional information with respect to the CPPs. There can be no guarantee that the Company or LNG Venezuela shall be able to complete the acquisition terms required by PPSA. The CPPs were executed within the term of General License 44 issued by OFAC. The Company intends to operate in full compliance with the applicable U.S. economic sanctions laws. Advisory Note Regarding Oil and Gas Information The reserves information contained in this news release has been prepared in accordance with NI 51-101, but only presents a portion of the disclosure required thereunder. Complete reserves disclosure required in accordance with NI 51-101 in respect of the Company’s Colombian assets for the year ended December 31, 2023 is available in the AIF. Complete reserves disclosure required in accordance with NI 51-101 in respect of the Company’s Venezuelan assets will be available on SEDAR+ at www.sedarplus.ca concurrently with or before the filing of the Company’s financial statements for the year ended December 31, 2024. Actual oil and natural gas reserves and future production may be greater than or less than the estimates provided in this news release. There is no assurance that forecast prices and costs assumed in the reserves reports referred to in this news release and presented in this news release, will be attained and variances from such forecast prices and costs could be material. The estimated future net revenue from the production of the disclosed oil and natural gas reserves in this news release does not represent the fair market value of these reserves. The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation. There are numerous uncertainties inherent in estimating quantities of crude oil, reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable crude oil and natural gas reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable crude oil and natural gas reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company’s actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. All evaluations and reviews of future net revenue are stated prior to any provisions for interest costs or general and administrative costs and after the deduction of estimated future capital expenditures for wells to which reserves have been assigned. The tax calculations used in the preparation of the reserves reports referred to in this news release are done at the field level in accordance with standard practice, and do not reflect the actual tax position at the corporate level which may be significantly different. “ Proved ” reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. There is a 90 percent probability that the quantities actually recovered will equal or exceed the sum of proved reserves. Light crude oil is crude oil with a relative density greater than 31.1 degrees API gravity, medium crude oil is crude oil with a relative density greater than 22.3 degrees API gravity and less than or equal to 31.1 degrees API gravity, and heavy crude oil is crude oil with a relative density greater than 10 degrees API gravity and less than or equal to 22.3 degrees API gravity. 1 Reserves included herein are stated on a company gross basis (working interest before deduction of royalties without including any royalty interests). Information presented herein in respect of reserves and related information in respect of the Company’s Colombian assets is based on the Company’s independent reserves evaluation for the year ended December 31, 2023 prepared by DeGolyer and MacNaughton, details of which were provided in the Company’s annual information form dated May 31, 2024 for the year ended December 31, 2023 (the “ AIF ”). 2 Reserves included herein are stated on a company gross basis (working interest before deduction of royalties without including any royalty interests). Information presented herein in respect of reserves and related information in respect of the Company’s Venezuela assets is based on the Company’s independent reserves evaluation dated October 28, 2024, with an effective date of April 30, 2024 prepared by Petrotech Engineering Ltd., details of which were provided in our press release issued on November 25, 2024.[Invitation] Samsung Press Conference at CES 2025 ‘AI for All: Everyday, Everywhere’
Saturday, December 7, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Amrit Bharat Train: 3 Amrit Bharat Express trains will run on this... Personal Finance Amrit Bharat Train: 3 Amrit Bharat Express trains will run on this route, check route and other details By Shyamu Maurya December 7, 2024 0 8 Share Facebook Twitter Pinterest WhatsApp Telegram Amrit Bharat Train: 3 Amrit Bharat Express trains will run on this route, check route and other details Amrit Bharat Express: Railways has made preparations to run three more Amrit Bharat Express trains via Lucknow. These trains will go from Chandigarh to Varanasi, Gorakhpur to Mumbai and Howrah to Delhi via Lucknow. Indian Railways News: There is good news for people traveling in general and sleeper coaches of the train. Railways has now made preparations to run three more Amrit Bharat Express trains via Lucknow. These trains will be started from Chandigarh to Varanasi, Gorakhpur to Mumbai and Howrah to Delhi via Lucknow. Thousands of passengers will benefit from this. Amrit Bharat Express has been designed for common Indians, in which an attempt has been made to provide maximum facilities. However, these are not air-conditioned trains. Preparations have been made to run these trains on three routes, out of which one Amrit Bharat Express from Anand Vihar to Darbhanga via Lucknow is also included. These special facilities will be available in the train Preparations have been made to provide many types of facilities to the passengers in the Amrit Bharat Express train, CCTV cameras will be installed in this train, so that antisocial elements can be monitored, while a talk back system will be installed, so that passengers can directly contact and talk to the loco pilot and train manager in case of emergency. The toilets in these trains have also been improved, vacuum bio toilets and comfortable seats have been installed in them. Amrit Bharat Express train will have 22 bogies, in which 1834 passengers will be able to travel. Work has also been done regarding the speed of the train, these trains will run at a speed of 130 km per hour, so that people will not have any problem in reaching their destination. According to the information, the Railway Board is going to launch 26 Amrit Bharat Express trains. Out of these, three trains will run via Lucknow. The running of these trains will benefit the common people who do not travel in AC trains due to expensive tickets and have to travel with a lot of difficulties in sleeper and general bogies. Not only this, it will also reduce the rush for tickets in trains to Chandigarh, Delhi and Mumbai. Join Informal Newz Tags Amrit Bharat Express Amrit Bharat Train Share Facebook Twitter Pinterest WhatsApp Telegram Previous article Banking System: Now bank will fine you Rs 100 per day if the transaction fails; Know RBI rules Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. 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December 7, 2024 New Hydrogen Train: Country’s first hydrogen train ready to run on this route, know date and route December 7, 2024 POPULAR POSTS Banking System: Now bank will fine you Rs 100 per day if the transaction fails; Know RBI rules December 7, 2024 Income Tax Notice: Income Tax Department will now send notice to these people regarding tax refund, strict action will be taken? December 7, 2024 New Hydrogen Train: Country’s first hydrogen train ready to run on this route, know date and route December 7, 2024 POPULAR CATEGORY Personal Finance 17850 Entertainment 17062 India 4461 News 3785 Technology 2237 Jobs Alert 787 Travel 652 Education 451 ABOUT US INFORMALNEWZ brings the Latest News & Top Breaking headlines on Politics and Current Affairs. Up-to-date news coverage, aggregated from sources all over the world by informal Newz. Find latest news coverage of breaking news events, trending topics, and compelling articles. 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Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Berkshire Hills Bancorp BHLB in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Berkshire Hills Bancorp, revealing an average target of $34.12, a high estimate of $39.00, and a low estimate of $31.00. Marking an increase of 10.06%, the current average surpasses the previous average price target of $31.00. Breaking Down Analyst Ratings: A Detailed Examination The standing of Berkshire Hills Bancorp among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Christopher O'Connell Keefe, Bruyette & Woods Raises Market Perform $34.50 $32.00 Jon Arfstrom RBC Capital Lowers Sector Perform $31.00 $32.00 Laurie Havener Hunsicker Seaport Global Announces Buy $39.00 - Christopher O'Connell Keefe, Bruyette & Woods Raises Market Perform $32.00 $29.00 Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Berkshire Hills Bancorp. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Berkshire Hills Bancorp compared to the broader market. Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Berkshire Hills Bancorp's stock. This comparison reveals trends in analysts' expectations over time. Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Berkshire Hills Bancorp's market position. Stay informed and make well-informed decisions with our Ratings Table. Stay up to date on Berkshire Hills Bancorp analyst ratings. If you are interested in following small-cap stock news and performance you can start by tracking it here . Get to Know Berkshire Hills Bancorp Better Berkshire Hills Bancorp Inc is a holding company. It provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services. Berkshire Hills Bancorp: A Financial Overview Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers. Revenue Growth: Berkshire Hills Bancorp's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 1.64% . This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector. Net Margin: Berkshire Hills Bancorp's net margin excels beyond industry benchmarks, reaching 34.23% . This signifies efficient cost management and strong financial health. Return on Equity (ROE): Berkshire Hills Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of 3.6% , the company demonstrates effective use of equity capital and strong financial performance. Return on Assets (ROA): Berkshire Hills Bancorp's ROA stands out, surpassing industry averages. With an impressive ROA of 0.31% , the company demonstrates effective utilization of assets and strong financial performance. Debt Management: Berkshire Hills Bancorp's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.66 , the company relies more heavily on borrowed funds, indicating a higher level of financial risk. The Basics of Analyst Ratings Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter. Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts. Which Stocks Are Analysts Recommending Now? Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NoneJohn Bolton: Trump second term poses ‘much higher chance’ of major international crisis
Smart Retail Market Report: Comprehensive Analysis of Development Trends, Key Growth Drivers, Emerging Opportunities, and the Competitive Landscape Projected Until 2031 12-21-2024 01:36 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Coherent Market Insights Pvt Ltd Smart Retail The latest report titled ""Smart Retail Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The Smart Retail market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the Smart Retail market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the Smart Retail market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102252 Report Overview and Scope: This report focuses on the global Smart Retail market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the Smart Retail market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102252 FAQ's: Which are the dominant players of the Smart Retail Market? What will be the size of the Smart Retail Market in the coming years? Which segment will lead the Smart Retail Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the Smart Retail Market? What are the go-to strategies adopted in the Smart Retail Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.Top Gaming Laptops to Gift This Holiday Season
Yacht Market 2024-2031 with Business Overview, Industry Analysis, Investment Plans, Size, Share, Forecast 2031 12-21-2024 01:33 PM CET | Logistics & Transport Press release from: Coherent Market Insights Pvt Ltd Yacht The latest report titled ""Yacht Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2024-2031"" by Coherent Market Insights delivers a thorough analysis of the industry, encompassing market insights. It also covers competitor and regional analysis, along with recent advancements in the market. The report includes a detailed table of contents, figures, tables, and charts, offering in-depth analysis. The Yacht market has experienced substantial growth in recent years, driven by factors such as rising product demand, a growing customer base, and technological progress. This report provides an in-depth evaluation of the Yacht market, focusing on market size, trends, drivers, challenges, competitive landscape, and future growth potential. The report highlights the competitive landscape, market segmentation, geographical expansion, and the growth in revenue, production, and consumption within the Yacht market. It covers the market size, growth analysis, industry trends, and forecast, detailing the factors shaping the business outlook. Additionally, the report examines future products, joint ventures, marketing strategies, developments, mergers and acquisitions, as well as promotional activities. It also analyses revenue trends, import/export data, CAGR values, and provides an overview of the industry as a whole, along with the specific challenges posed by competitors. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102257 Report Overview and Scope: This report focuses on the global Yacht market, with particular emphasis on key regions such as North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. It segments the market based on manufacturers, regions, types, and applications. The report provides a thorough overview of the current market landscape, including both historical and projected market size in terms of value and volume. Additionally, it examines technological advancements and considers macroeconomic and regulatory factors that impact the market. Regional Analysis: ◘ North America (U.S., Canada, and Mexico) ◘ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe) ◘ Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific) ◘ South America (Mexico, Brazil, Argentina, Columbia, Rest of South America) ◘ Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa) Key Highlights of This Report: Comprehensive Market Analysis: An in-depth exploration of manufacturing capabilities, production volumes, and technological advancements in the Yacht market. Corporate Overview: A thorough examination of company profiles, highlighting key players and their strategic moves in the competitive landscape. Consumption Insights: A detailed assessment of consumption trends, offering a look into current demand patterns and consumer preferences. Segmentation Overview: A complete breakdown of end-user segments, showcasing the market's distribution across different applications and industries. Pricing Analysis: An evaluation of pricing models and the factors influencing market pricing strategies. Future Projections: Predictive insights on market trends, growth opportunities, and potential challenges on the horizon. Reasons to Purchase this Report: Comprehensive competitive landscape, including market rankings of major players, recent product/service launches, partnerships, business expansions, and acquisitions over the past five years. In-depth qualitative and quantitative analysis of the market, covering both economic and non-economic factors. Detailed market value data for each segment and sub-segment. Identification of the region and segment expected to experience the fastest growth and lead the market. Geographic analysis, highlighting regional product/service consumption and the factors influencing market conditions in each area. Detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses of key market players. Current and future market outlook, focusing on growth opportunities, key drivers, challenges, and constraints in both emerging and developed regions. Market dynamics and future growth opportunities in the coming years. Buy Now to avail discount up to 45% @ https://www.coherentmarketinsights.com/promo/buynow/102257 FAQ's: Which are the dominant players of the Yacht Market? What will be the size of the Yacht Market in the coming years? Which segment will lead the Yacht Market? How will the market development trends change in the next five years? What is the nature of the competitive landscape of the Yacht Market? What are the go-to strategies adopted in the Yacht Market? About Authors : Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement. 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States Phone: US +12524771362 / UK +442039578553 Email: sales@coherentmarketinsights.com About Coherent Market Insights Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. This release was published on openPR.
Have you ever wondered what it would take to train a robot to walk, grasp objects, or navigate a cluttered room with the same ease as a human? For many, the idea of might conjure images of expensive labs, endless trial-and-error, and highly specialized equipment. But what if this process could be simplified, accelerated, and made accessible to anyone with a decent computer? Enter the Genesis Project—a new innovation that’s flipping the script on robotics training. Whether you’re a seasoned researcher or a curious hobbyist, this technology promises to make advanced robotics not just a possibility, but a reality within reach. At its core, the Genesis Project uses the power of generative AI to create hyper-realistic virtual environments where robots can learn and adapt at lightning speed. Imagine training a robot in seconds instead of days, all from the comfort of your own home. This isn’t just about saving time—it’s about opening doors to creativity and innovation for people who’ve never had access to these before. But how does it work, and what makes it so innovative? uses generative AI as a high-precision physics engine to create realistic simulations, allowing advanced robotic training in virtual environments that closely mirror real-world conditions. With GPU acceleration, Genesis achieves simulation speeds up to 430,000 times faster than real-world physics, allowing complex robotic training tasks to be completed in seconds using consumer-grade hardware. A universal physics engine re-built from the ground up, capable of simulating a wide range of materials and physical phenomena. Robust sim-to-real transfer capabilities ensure that skills learned in simulations effectively translate to real-world applications, preparing robots for unpredictable conditions. The platform automates key aspects of robotics development, such as task generation and environment design, while its open source nature makes advanced tools accessible to researchers, developers, and hobbyists. Genesis supports diverse applications across industries like manufacturing, logistics, and healthcare, while introducing innovations in soft robotics and motion planning for complex, precise movements. The Genesis Project is transforming the field of robotics by using the power of generative AI to transform how robots are trained and deployed. Acting as a sophisticated physics engine, it creates highly realistic simulations of physical environments, offering a new approach to robotics development. With its open source framework and compatibility with consumer-grade hardware, Genesis makes advanced robotic training accessible to researchers, developers, and hobbyists alike. At the core of the Genesis Project lies its generative AI-powered physics engine, which is capable of simulating dynamic, four-dimensional physical environments with remarkable accuracy. This engine supports a wide range of physical behaviors, including: Simulating the motion and interaction of solid objects. Modeling flexible and elastic materials, such as artificial muscles. Replicating the behavior of liquids and gases in various conditions. Simulating objects that can bend, stretch, or compress under force. By replicating real-world conditions with such precision, Genesis enables robots to train in virtual environments that closely mirror reality. For example, a robotic arm can practice handling objects of varying textures, weights, and shapes, making sure adaptability to real-world tasks. This level of detail allows developers to fine-tune robotic performance before deployment, saving time and resources. One of the standout features of Genesis is its unparalleled simulation speed, operating up to 430,000 times faster than real-world physics. This capability allows robotic training tasks that would typically take hours or days to be completed in mere seconds. For instance, training a robot to walk, grasp objects, or navigate complex environments can be achieved in under 30 seconds using consumer-grade GPUs such as the NVIDIA RTX 4090. This remarkable efficiency is made possible through GPU acceleration, which optimizes computational performance without requiring expensive, specialized hardware. By drastically reducing training time, Genesis enables developers to iterate and refine robotic systems more rapidly than ever before. Find more information on humanoid robot by browsing our extensive range of articles, guides and tutorials. A critical challenge in robotics is making sure that skills learned in simulations translate effectively to real-world scenarios. Genesis addresses this issue through its robust sim-to-real transfer capabilities. By introducing variability into simulated environments—such as altering lighting conditions, surface textures, or object placements—robots are better equipped to handle unpredictable real-world conditions. For example, a robot trained to navigate a cluttered virtual room can seamlessly adapt to similar tasks in physical spaces like warehouses, offices, or homes. This adaptability ensures that robots trained with Genesis are not only efficient in controlled environments but also reliable in dynamic, real-world settings. Genesis simplifies the robotics development process by automating several key aspects of training. The platform can: Automatically create training scenarios tailored to specific objectives. Build realistic and customizable training spaces. Establish performance metrics to guide robotic learning. This automation minimizes the need for manual intervention, making the platform more user-friendly and accessible. Its open source nature further provide widespread access tos access to advanced robotics tools, allowing developers and enthusiasts to train robots at home using affordable, consumer-grade hardware. By lowering the barrier to entry, Genesis fosters innovation across a broader audience, encouraging experimentation and creativity in robotics. The versatility of Genesis unlocks opportunities across a wide range of industries. Robots trained on the platform can perform complex tasks such as walking, object manipulation, and navigation. These capabilities are particularly valuable in: Robots can assemble products with precision and efficiency, reducing production costs. Autonomous vehicles and drones can optimize delivery systems and warehouse operations. Robots can assist in surgeries, rehabilitation, and caregiving tasks. Robots can help with chores, provide companionship, or assist individuals with disabilities. By allowing robots to handle increasingly complex tasks, Genesis brings advanced robotics closer to everyday life, enhancing productivity and convenience across diverse sectors. Genesis introduces several innovative features that distinguish it from traditional simulation platforms. It is the first system to support soft robotics, allowing the simulation of flexible, deformable robots and their interactions with rigid counterparts. This capability is particularly significant in fields like medical robotics, where soft materials are essential for making sure patient safety during procedures. Additionally, Genesis incorporates a GPU-accelerated inverse kinematics solver, which calculates efficient robotic motion paths in real time. This ensures that robots can perform intricate movements with both precision and speed, making them suitable for tasks that require a high degree of dexterity and accuracy. The Genesis Project . By making advanced training tools accessible to a wider audience, it encourages innovation among professionals and hobbyists alike. Its scalability and cost-effectiveness could drive the adoption of robots in sectors such as agriculture, construction, and disaster response, where automation can significantly enhance efficiency and safety. However, the open source nature of the platform raises important ethical considerations. Making sure the responsible use of this powerful technology will be crucial to prevent misuse in harmful applications, such as weaponized robotics or surveillance systems. As the platform continues to evolve, addressing these challenges will be essential to maximize its benefits while minimizing risks. Media Credit:
The ability for college athletes to be paid for their name, image and likeness in a blockbuster 2021 NCAA agreement has changed NCAA Football forever and will see one player get paid in Bitcoin BTC/USD in 2025, following other professional athletes into cryptocurrency . What Happened : Since the approval of NIL deals, top NCAA Football players have been able to earn thousands and millions of dollars on deals. USC recruit Matai Tagoa'i announced he will be paid in Bitcoin for a portion of his NIL payments starting next year, as reported by On3. The deal comes through a partnership with Strike , a Bitcoin payments app. USC NIL collective House of Victory helped facilitate the deal. "This is a game-changer for me. By taking part of my NIL earnings in Bitcoin, I'm setting myself up for long-term financial growth. I'm grateful to Strike, House of Victory and 3Point0 Labs for helping me take this step," Tagoa'i said. With the deal, Tagoa'i is believed to be the first college athlete to get paid NIL payments in Bitcoin. "I'm proud to be part of this innovative collaboration that's redefining the future of college athletics and finance and hope to set an example for other young athletes." Strike founder Jack Mallers , who has helped with other Bitcoin deals for athletes , took to social media to share his excitement for the deal. "Bitcoin is more than a new technology. Bitcoin is a cultural phenomenon. An idea and a movement that's time has come. Excited to work with @mataitagoai and more athletes around the world that want to keep the wealth they earn and inspire new generations to sue better money," Mallers tweeted. A four-star recruit and top-100 recruit nationwide, the linebacker is expected to be a key to USC Football next season. Tagoa'i picked USC over other top schools he was considering including Oklahoma, Texas, Texas A&M and Washington. USC finished with a 6-6 record in the 2024 NCAA Football season, including a 4-5 record in the Big Ten Conference, its first in the conference. Read Also: Soccer Player Bet On Bitcoin In 2021 With Salary, Is Now Up Over 100%: ‘I’m A Simple Man, I Like Playing Football And I Like Playing With My Bitcoins’ Why It's Important: Former NFL player Russell Okung previously made headlines in 2020 as he announced that half his salary would be paid in Bitcoin. While many criticized the deal and later took shots at Okung when the price of Bitcoin went down, the former NFL player is having the last laugh now with Bitcoin trading near $100,000 and significantly higher than when he acquired it. The approval of NIL continues to play a big role in college sports, specifically college football and the deal between Strike and Tagoa'i could be the first of more cryptocurrency deals to come. NIL deals have even seen one of the richest people in the world help the University of Michigan land a top QB recruit, as Benzinga previously shared. NIL is also the reason there was a new NCAA Football game for Electronic Arts Inc EA this season, which went on to be a top selling game for the year. BTC Price Action: Bitcoin trades at $95,924.19 at the time of writing, versus a 52-week trading range of $38,521.89 to $108,268.45. Bitcoin is up 117% year-to-date in 2024. Read Next: Travis Hunter Wins Heisman, Will He Be #1 Pick In 2025 NFL Draft? What Betting Odds, History Show © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Brittany Mahomes Shares Relatable Update After Son Bronze, 2, Poses with Santa Claus
Federal officials warned Tuesday that a massive Chinese hacking operation against American telecommunications companies hasn’t yet been fully expelled and that the best way to hide communications from Beijing’s spies is to use encryption. Encryption is a technology that scrambles a message and requires a “key” to be able to see or hear it. Different app makers and platforms have used the technology in various forms for more than a decade so governments and hackers that intercept them as they pass through telecommunications infrastructure will see only gibberish. While adopting the technology has historically prompted complaints from law enforcement agencies — including the FBI — it’s also a way people can communicate more privately. Telecommunications companies tend to temporarily store call and SMS records — which phone number called or texted which, and when — and they briefly store the contents of SMS texts. Audio, however, is generally not recorded. That means it’s easier for hackers like those in the Chinese campaign, which Microsoft has nicknamed Salt Typhoon, to get massive amounts of data on phone records and some stored text messages, but they have to be targeted in listening to specific phone calls as they happen. For everyday consumers, the simplest way to send encrypted messages or make encrypted calls is to use communications apps like Signal or WhatsApp that have implemented end-to-end encryption between other Signal and WhatsApp users. With end-to-end encryption, every user of an encrypted chat app holds the unique code to unscramble a message sent to that account. Importantly, the corporate owner and the operator of the app don’t have access to that key, so they won’t be able to unscramble an encrypted message even if a court demands it or it is hacked. Signal and WhatsApp automatically protect all their messages that way with Signal’s encryption, which cryptographers find among the best that are commercially available. Both apps also allow users to make encrypted phone calls with other users through the internet. But even without apps like Signal and WhatsApp, many Americans frequently text with end-to-end encryption turned on, even if they don’t know it. If iMessage users text other iMessage users or Google Messages users text other Google Messages users, those chats are automatically encrypted with the Signal protocol. But when Google and iMessage users text users who use different texting applications, such as when an iMessage user texts a Google Messages user, the messages are encrypted only with Rich Communications Services, which in the U.S. are all decrypted by Google. While that means they’re in theory hidden from telecommunications companies, they’re not encrypted end to end, and they can be seen under court orders to Google or by hackers who might break into companies. For phone calls, Google and Apple offer encryption if the calls are made through their internet-connected calling apps — Google Fi and FaceTime. While the controversial app Telegram does offer what it claims is an option to message users with end-to-end encryption, some leading cryptographers are wary of endorsing it, noting that some of its code isn’t open to the public to test and that it doesn’t encrypt conversations by default . The FBI began investigating Salt Typhoon in late spring or early summer. The U.S. believes Chinese intelligence hacked into AT&T, Verizon and Lumen Technologies and gained significant access, including records of phone calls and text messages for many people, particularly in the Washington, D.C., area. In some circumstances, affecting members of both the Trump and Harris campaigns, as well as the office of Senate Majority Leader Chuck Schumer D-N.Y., they were able to listen to phone calls. China denied the accusation, as it routinely does when a Western company or government accuses it of deploying its vast cyberespionage capabilities. A spokesperson for China’s embassy in Washington said in an emailed statement that “China firmly opposes the US’s smear attacks against China without any factual basis.”
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Not for distribution to United States newswire services or for dissemination in the United States Highlights: LNG Energy Group announces initiatives to increase production at Colombian operations, optimize costs and enhance its liquidity position. LNG Energy Group proposes senior secured convertible debenture financing of up to U.S.$15 million in order to accelerate drilling in Colombia. Before-tax NPV10 for Proved (1P) reserves of U.S.$171 million representing NPV10 of C$1.55 per share in respect of the Colombian assets as at December 31, 2023. 1 Before-tax NPV10 for Proved (1P) reserves of U.S.$261 million representing NPV10 of C$2.37 per share in respect of assets related to CPPs in Venezuela as at April 30, 2024. 2 Existing assets include three drilling rigs and other non-core assets appraised at approximately U.S.$11 million . TORONTO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “ Company ” or “ LNG Energy Group ”) is pleased to announce a private placement of senior secured convertible debentures in the amount of up to U.S.$15 million (“ Private Placement ”) in order to drill two development wells, two to three exploration wells and conduct an active workover and stimulation campaign in Colombia. The Private Placement is undertaken in the context of a broader strategic review process the Company is conducting with the authorization of its Board of Directors, to explore and evaluate a range of potential alternatives for the Company to maximize shareholder value, with the assistance of ECM Capital Advisors, Eight Capital and Haywood Securities Inc. The potential initiatives may include, but are not limited to financings, corporate reorganization, strategic partnerships, acquisitions, divestitures and/or farm-outs, sale, and other forms of business combination. Pablo Navarro, Chairman and Chief Executive Officer of LNG Energy Group commented, “It has been a challenging year. Many issues have arisen with which we are dealing. Changes are being made and solutions are being implemented. Bottom line, the asset base is exceptional, and the future is bright. The turnaround is working, and we will work relentlessly to catapult the trajectory of the Company through a series of strategic initiatives that should ultimately contribute to meeting Colombia’s need for natural gas.” Strategic Initiatives Drilling Campaign Upon a successful Private Placement, farm-out and/or JV Contribution (as defined herein), the Company will commence a drilling and recompletion campaign in Colombia. Chemical Stimulations The Company completed successfully the workover of the BN-1 well consisting of a chemical stimulation that increased the well’s production by approximately 3x, offsetting losses caused by the presence of asphaltenes, fines and residues from drilling fluids. Prior to the stimulation, the well was producing at an average production of approximately 112 Mcf/d with a WHP of 72 psi on a 36/64” choke. Initial results of the stimulation showed an immediate production increase to 822 Mcf/d with a WHP of 328 psi on a 26/64” choke. The well is currently producing 350 Mcf/d with 114 psi in WHP and on a 22/64” choke. The Company intends to apply this technology to several other wells that also experienced a production decline due to the same root causes. Costs Optimization In order to reduce costs, the Company has implemented a corporate reorganization initiative which is expected to result in savings of approximately $1.5 to $2.0 million per annum. The Company continues to review ways to optimize its business and operations, including strategic partnerships with vendors, and rationalization of suppliers, inventory optimization, and adjusting the organizational structure of the Company to the current production context. Capital Strengthening The Company is in the process of farming out a part of its participating interest in the VIM-41 Block located onshore Colombia and pursuing a well development financing (the “ JV Contribution ”) to raise capital to initiate the drilling of the B5 well located onshore Colombia. Furthermore, the Company intends to review options to optimize cash flow available for drilling vis a vis its financial obligations. Secured Convertible Debenture Financing In conjunction with its near-term development plans, the Company is pleased to announce that it has entered into an agreement with Eight Capital, as lead agent and bookrunner, on behalf of a syndicate of agents including Eight Capital, Haywood Securities Inc. and ECM Capital Advisors, (together, the “ Agents ”) pursuant to which the Company has launched a proposed Private Placement on a “best efforts” agency basis in the aggregate principal amount of up to U.S.$15 million (the “ Offering ”) senior secured convertible debentures (the “ Convertible Debentures ”) to eligible investors. The terms and any applicable conditions precedent for the Convertible Debentures will be defined within the context of the market and should present a competitive opportunity for investors while unlocking shareholder value. Upon closing of the Offering, the Company will pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering. The Company is entitled to a President’s List in the amount of up to U.S.$2 million pursuant to which no fees shall be paid to the Agents. The net proceeds of the Offering will be primarily used for the Company’s next phase of drilling, workover and stimulation activities as well as for general working capital purposes. The Company expects that insiders and current stakeholders will participate in the Offering and, to date, has received interest from potential investors in the Offering. The insiders' participation in the Offering constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities anticipated to be acquired by insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company’s market capitalization. As the specific participation of each related party that the Company expects will participate in the Offering has not been confirmed as of the date of this news release, additional information required under MI 61-101 will be provided in the Company’s material change report with respect to the Offering, including a description of the interest of all related parties in the Offering, and where applicable, a description of the effect on the percentage of the securities of the Company held by related parties participating. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This mews release does not constitute an offer for sale of securities in the United States. The Offering is scheduled to close at a date the Company and the Agents deem appropriate and is subject to certain conditions including, but not limited to, the execution of an agency agreement and the receipt of all necessary regulatory and other approvals including that of the TSX Venture Exchange. All securities (and underlying securities) issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Other Initiatives The Board of Directors, in consultation with its legal and business advisors, are actively considering other initiatives to enhance shareholder value. The Company may initiate a share consolidation or other capital reorganizations. Certain of the foregoing initiatives may require approval from the Company’s senior lenders. Existing Asset Base The Company’s current assets consist of the following: (1) Based upon a U.S.$ to C$ exchange rate of 1.00 : 1.41. (2) Calculated by dividing the Before-Tax NPV10 value of the Proved reserves as at December 31, 2023 by 155,534,426 common shares issued and outstanding as at December 31, 2023 and using a U.S.$:C$ exchange rate of $1.41. The per share valuation excludes the value of the Company’s non-oil and gas assets and net indebtedness. (3) Calculated by dividing the Before-Tax NPV10 value of the Proved reserves as at October 29, 2024 by 155,534,426 common shares issued and outstanding as at October 29, 2024 and using a U.S.$:C$ exchange rate of $1.41. Please see the Company’s news release dated November 25, 2024 for more information. The per share valuation excludes the value of the Company’s non-oil and gas assets and net indebtedness. Neither the TSXV nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this news release. About LNG Energy Group The Company is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information, please visit www.lngenergygroup.com . For more information please contact: Angel Roa, Chief Financial Officer LNG Energy Group Corp. Website: www.lngenergygroup.com Email: investor.relations@lngenergygroup.com Find us on social media: LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/ Instagram: @lngenergygroup X: @LNGEnergyCorp CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements, and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance, often using phrases such as “expects”, “anticipates”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may” or “could”, “would”, “should”, “might” or “will” be taken to occur or be achieved, are not statements of historical fact and may be forward-looking statements. Specifically, this news release includes, but is not limited to, forward-looking statements relating to: the Company’s business plans, strategies, priorities and development plans, including the strategic initiatives being considered by the Company and the corporate reorganization and anticipated annual savings therefrom; the application of the stimulation technology used for the BN-1 well workover on other wells of the Company; the anticipated benefits of the completion of various strategic initiatives being considered by the Company; the completion of the JV Contribution and completion of other options to optimize cash flow; the ability of the Company to book additional reserves in the future; the completion of the Offering; receipt of all regulatory approvals, including the approval of the TSXV, in connection with the Offering; the anticipated insider participation in the Offering; and the anticipated use of proceeds from the Offering. The Company’s actual decisions, activities, results, performance, or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that the Company will derive from them. Information and statements relating to reserves are by their nature forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated, and can be profitably produced in the future. The recovery and reserve estimates of the Company’s reserves provided herein are estimates only, and there is no guarantee that the estimated reserves will be recovered. Consequently, actual results may differ materially from those anticipated in the forward-looking statements (see the other advisories contained in this news release). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include: the Company's ability to complete the Offering on the terms described herein or at all or to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; and the delay or failure to receive regulatory or other approvals, including any approvals of the TSXV and the Company’s senior lenders, for the Offering; general business, economic, competitive, political and social uncertainties; risks related to the Company’s ability to complete any of the proposed strategic initiatives described in this news release on the terms described herein or at all; risks related to commodity prices; delay or failure to receive any necessary board, shareholder or regulatory approvals, factors may occur which impede or prevent LNG Energy Group’s future business plans; and other factors beyond the control of LNG Energy Group. The intended use of the proceeds of the Offering by the Company might change if the Board of Directors of the Company determines that it would be in the best interests of LNG Energy Group. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this news release. Except as required by law, LNG Energy Group assumes no obligation to update the forward-looking statements, whether they change as a result of new information, future events or otherwise. CPPs Please see the Company’s news releases dated April 24, 2024 and October 21, 2024 for additional information with respect to the CPPs. There can be no guarantee that the Company or LNG Venezuela shall be able to complete the acquisition terms required by PPSA. The CPPs were executed within the term of General License 44 issued by OFAC. The Company intends to operate in full compliance with the applicable U.S. economic sanctions laws. Advisory Note Regarding Oil and Gas Information The reserves information contained in this news release has been prepared in accordance with NI 51-101, but only presents a portion of the disclosure required thereunder. Complete reserves disclosure required in accordance with NI 51-101 in respect of the Company’s Colombian assets for the year ended December 31, 2023 is available in the AIF. Complete reserves disclosure required in accordance with NI 51-101 in respect of the Company’s Venezuelan assets will be available on SEDAR+ at www.sedarplus.ca concurrently with or before the filing of the Company’s financial statements for the year ended December 31, 2024. Actual oil and natural gas reserves and future production may be greater than or less than the estimates provided in this news release. There is no assurance that forecast prices and costs assumed in the reserves reports referred to in this news release and presented in this news release, will be attained and variances from such forecast prices and costs could be material. The estimated future net revenue from the production of the disclosed oil and natural gas reserves in this news release does not represent the fair market value of these reserves. The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation. There are numerous uncertainties inherent in estimating quantities of crude oil, reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable crude oil and natural gas reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable crude oil and natural gas reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company’s actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. All evaluations and reviews of future net revenue are stated prior to any provisions for interest costs or general and administrative costs and after the deduction of estimated future capital expenditures for wells to which reserves have been assigned. The tax calculations used in the preparation of the reserves reports referred to in this news release are done at the field level in accordance with standard practice, and do not reflect the actual tax position at the corporate level which may be significantly different. “ Proved ” reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves. There is a 90 percent probability that the quantities actually recovered will equal or exceed the sum of proved reserves. Light crude oil is crude oil with a relative density greater than 31.1 degrees API gravity, medium crude oil is crude oil with a relative density greater than 22.3 degrees API gravity and less than or equal to 31.1 degrees API gravity, and heavy crude oil is crude oil with a relative density greater than 10 degrees API gravity and less than or equal to 22.3 degrees API gravity. 1 Reserves included herein are stated on a company gross basis (working interest before deduction of royalties without including any royalty interests). Information presented herein in respect of reserves and related information in respect of the Company’s Colombian assets is based on the Company’s independent reserves evaluation for the year ended December 31, 2023 prepared by DeGolyer and MacNaughton, details of which were provided in the Company’s annual information form dated May 31, 2024 for the year ended December 31, 2023 (the “ AIF ”). 2 Reserves included herein are stated on a company gross basis (working interest before deduction of royalties without including any royalty interests). Information presented herein in respect of reserves and related information in respect of the Company’s Venezuela assets is based on the Company’s independent reserves evaluation dated October 28, 2024, with an effective date of April 30, 2024 prepared by Petrotech Engineering Ltd., details of which were provided in our press release issued on November 25, 2024.[Invitation] Samsung Press Conference at CES 2025 ‘AI for All: Everyday, Everywhere’
Saturday, December 7, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Amrit Bharat Train: 3 Amrit Bharat Express trains will run on this... Personal Finance Amrit Bharat Train: 3 Amrit Bharat Express trains will run on this route, check route and other details By Shyamu Maurya December 7, 2024 0 8 Share Facebook Twitter Pinterest WhatsApp Telegram Amrit Bharat Train: 3 Amrit Bharat Express trains will run on this route, check route and other details Amrit Bharat Express: Railways has made preparations to run three more Amrit Bharat Express trains via Lucknow. These trains will go from Chandigarh to Varanasi, Gorakhpur to Mumbai and Howrah to Delhi via Lucknow. Indian Railways News: There is good news for people traveling in general and sleeper coaches of the train. Railways has now made preparations to run three more Amrit Bharat Express trains via Lucknow. These trains will be started from Chandigarh to Varanasi, Gorakhpur to Mumbai and Howrah to Delhi via Lucknow. Thousands of passengers will benefit from this. Amrit Bharat Express has been designed for common Indians, in which an attempt has been made to provide maximum facilities. However, these are not air-conditioned trains. Preparations have been made to run these trains on three routes, out of which one Amrit Bharat Express from Anand Vihar to Darbhanga via Lucknow is also included. These special facilities will be available in the train Preparations have been made to provide many types of facilities to the passengers in the Amrit Bharat Express train, CCTV cameras will be installed in this train, so that antisocial elements can be monitored, while a talk back system will be installed, so that passengers can directly contact and talk to the loco pilot and train manager in case of emergency. The toilets in these trains have also been improved, vacuum bio toilets and comfortable seats have been installed in them. Amrit Bharat Express train will have 22 bogies, in which 1834 passengers will be able to travel. Work has also been done regarding the speed of the train, these trains will run at a speed of 130 km per hour, so that people will not have any problem in reaching their destination. According to the information, the Railway Board is going to launch 26 Amrit Bharat Express trains. Out of these, three trains will run via Lucknow. The running of these trains will benefit the common people who do not travel in AC trains due to expensive tickets and have to travel with a lot of difficulties in sleeper and general bogies. Not only this, it will also reduce the rush for tickets in trains to Chandigarh, Delhi and Mumbai. Join Informal Newz Tags Amrit Bharat Express Amrit Bharat Train Share Facebook Twitter Pinterest WhatsApp Telegram Previous article Banking System: Now bank will fine you Rs 100 per day if the transaction fails; Know RBI rules Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. 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