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Chinese firms boost investments in key sectors: PCJCCI LAHORE: Vice President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) Zafar Iqbal said during a meeting with the executive body that approximately 2,300 Chinese companies of varying scales are currently operating in Pakistan, investing across diverse sectors, including those under the China-Pakistan Economic Corridor (CPEC). He highlighted that Chinese companies are particularly interested in investing in industries such as electronics, automotive, educational exchange programmes, insurance, agriculture, textiles, shoe manufacturing, chemicals, battery recycling plants and real estate. Iqbal pointed to the potential of Pakistan’s chemical industry, which supplies critical inputs to several sectors such as textiles, agriculture, food and beverages, leather, paper, pharmaceuticals, plastics, printing, and sugar. He stressed the need for building a global reputation for ‘Made in Pakistan’ products, evolving from mere strength to a recognised brand. He further noted that Pakistan is the eighth largest exporter of textile products in Asia. This sector contributes 9.5 per cent to GDP and provides employment to approximately 15 million people, accounting for 30 per cent of the country’s 49-million-strong workforce. He urged collaboration with the All Pakistan Textile Mills Association (APTMA) and the Punjab Board of Investment and Trade (PBIT) to facilitate joint ventures that could help local textile manufacturers modernise their outdated technology. The PCJCCI vice president also underscored the opportunities for Pakistan to leverage China’s advancements in the biochemical industry, which has revitalised the traditional chemical sector and opened up new avenues for growth and innovation. “With the rapid development of biotechnology, the biochemical industry has become a new growth engine for the chemical sector,” he said, adding that cooperation in this field could yield significant benefits for both countries. In his concluding remarks, Iqbal stressed that the PCJCCI aims to serve as a bridge between the business communities of Pakistan and China, fostering collaboration to explore and expand opportunities in the commercial and industrial sectors. He called on the government to support initiatives that would open up new horizons of knowledge and technology for young entrepreneurs and business owners.Supreme Court seems likely to uphold Tennessee's ban on treatments for transgender minors
Travis Hunter and Ashton Jeanty give this year's Heisman Trophy ceremony a different vibeFor Deborah Yedlin, the federal labour minister's announcement that he is sending the labour dispute between Canada Post and the Canadian Union of Postal Workers (CUPW) to the Canada Industrial Relations Board for resolution is "long overdue." Yedlin, the president and CEO of the Calgary Chamber of Commerce, says because of the impact of the strike on small businesses and not-for-profits, she would like to have seen the federal government intervene much earlier, as it did during the work stoppages involving railway and port workers. "This is something that's hurt so many businesses, especially small businesses, and it's hurt so many not-for-profits and charities. This has been a really, really tough thing for them to negotiate," said Yedlin. Labour Minister Steven MacKinnon said Friday that if the Canada Industrial Relations Board determines negotiations between Canada Post and CUPW are at an impasse, it has been directed to order striking workers back to work under the existing collective agreement until May 22, 2025. He says that could happen as soon as early next week. If it does, it will be a great relief for Heather Morley, the CEO of Inn from the Cold, a Calgary charity that helps vulnerable families find shelter. Labour minister asks Canada Industrial Relations Board to step into Canada Post contract dispute She says the strike has caused a "high level of anxiety" at many charities in the city. Over half of Inn from the Cold's $11-million annual operating budget comes from donations. They had set a goal of raising $1 million in December, but due to the strike, fundraising is down about 30 per cent. "Bringing that money in is critical for us to be able to help families that need it most," Morley told CBC News. She says a quick resolution to the strike will still leave Inn from the Cold enough time to salvage the campaign. "If the mail can start moving, that would be a very good thing for us," she said. WATCH | MacKinnon says Ottawa 'calling a timeout' as he intervenes in postal strike: MacKinnon says Ottawa’s ‘calling a timeout’ as he intervenes in 4-week-long postal strike 7 hours ago Duration 1:40 Labour Minister Steven MacKinnon announces he’s asking the Canadian Industrial Relations Board to order operations at Canada Post to resume if they agree that the contract dispute is at an impasse. MacKinnon also says he is tapping an independent commissioner to examine the structure of the corporation along with the collective agreement and produce recommendations ‘on the way forward.’ Brittany Beatty is the director of community engagement at Discovery House, which provides long-term housing, mental health support and other programs and services in Calgary for children and women recovering from domestic violence. She says about 25 per cent of her organization's fundraising happens during the month of December, so the Canada Post work disruption has forced her team to pivot to other ways of reaching out, like text messaging, emails and social media. She describes the past four weeks as "a stressful time." "It will certainly be a relief to receive some of those donations that we know are sitting with Canada Post right now," Beatty said. According to the labour minister, 1.65 million pieces of personal correspondence are in secure storage at Canada Post facilities awaiting delivery. Beatty says she's hopeful Discovery House will be able to make up the fundraising shortfall when postal service resumes, but she says some of that might not happen before the new year. Jim Osborne, the owner of the Scottish Shoppe and A Little Bit of Ireland in Kensington, says the increased shipping costs associated with the Canada Post strike have caused a "lot of disruption" to small businesses like his. He told CBC News he welcomes MacKinnon's decision but fears it comes too late for retailers in their busiest time of the year. "Most of us have come through the COVID period, and just as we are getting back to normal with new ideas ... we were hit with this," Osborne said. He added that he was fortunate his store didn't see a lot of cancellations, with many customers opting for courier deliveries, despite the higher cost. WATCH | CUPW president calls federal intervention 'an attack on all labour': Postal workers' union president calls federal intervention 'an attack on all labour' 5 hours ago Duration 2:06 Jan Simpson, national president of the Canadian Union of Postal Workers (CUPW), says the union is 'not happy' with the federal labour minister’s move to refer the dispute between CUPW and Canada Post to the Canadian Industrial Relations Board. The strike has lasted more than four weeks, and according to MacKinnon, the federal mediator said negotiations were going in the wrong direction. "Canadians are rightly fed up," the labour minister said. Yedlin believes one of the reasons Ottawa waited this long before acting is a lack of pushback from Canadians, who probably don't realize how important Canada Post is to small business. Part of the blame for that, she says, falls to Canada Post itself. "I don't think Canada Post has made the case for itself, in terms of how it supports the underlying flow of goods across the country.... I think Canada Post has a perspective that people understand what service they provide and they don't have to explain it," said Yedlin. "Here's the issue ... it's not purely a mail service organization any more. It's a package delivery organization," she said, one that is "critical to our economic prosperity." That means Canada Post no longer has a monopoly on the services it provides, which is why she thinks the biggest loser in all of this might turn out to be Canada Post itself. "You always lose market share when you do something like this," she said.
MIAMI — The Miami Heat on Friday set up a small trade that could have a wide-ranging impact across their roster and payroll. Reaching an agreement with the Indiana Pacers, the Heat will send out center Thomas Bryant once he is eligible to be traded Sunday. While the Heat will receive the right to swap 2031 second-round draft slots with the Pacers, the move was made to alleviate the Heat’s current position hard against the NBA’s punitive luxury tax and to also better align the roster. Bryant, 27, signed a one-year contract at the veteran minimum of $2.1 million in July at the outset of free agency to return for a second season. At the time, he waived his right to veto a trade this season. Sunday is the first day players signed in the offseason can be dealt. Beyond the savings against the luxury tax, the deal allows the Heat to better deploy their resources. Even with the Bryant deal, the Heat still have starter Bam Adebayo and reserves Kevin Love, Kel’el Ware and even Nikola Jovic to cast at center. With the open roster spot, the Heat next would be in position to convert one of their players on a two-way deal to a standard contract. Point guard Dru Smith, who currently is playing on a two-way deal, in recent games has emerged as a reliable rotation contributor. Players on two-way deals can be on the active roster for no more than 50 games over the 82-game regular season and are not playoff eligible. Should the Heat convert one of their current two-way players, it then would open such a slot for another two-way signing. Among options in that regard is summer and preseason prospect Isaiah Stevens, the point guard who is leading the G League in assists while playing for the team’s affiliate, the Sioux Falls Skyforce. The open roster spot also could help facilitate a larger trade in which the Heat take back more players than are sent out, perhaps adding additional intrigue to the recent swirl of Jimmy Butler trade speculation. In the short term, the Heat likely are to go the maximum two weeks allowed to be at fewer than 14 players on standard contracts, saving the team further against the luxury tax. With the trade, the Heat also will create a $2.1 million trade exception. Initially signed in 2023 free agency, Bryant never quite gained traction with the Heat, held out of 10 consecutive games during a recent stretch. He now gets to play not far from his college campus, having been drafted out of Indiana University by the Utah Jazz in the second round of the 2017 NBA draft. The Pacers were in the market for an additional big man after losing big men Isaiah Jackson and James Wiseman to season-ending Achilles injuries. ©2024 South Florida Sun Sentinel. Visit at sun-sentinel.com . Distributed by Tribune Content Agency, LLC.SAN DIEGO , Dec. 10, 2024 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company ® , today announced it has declared an increase in the company's common stock monthly cash dividend to $0.2640 per share from $0.2635 per share. The dividend is payable on January 15, 2025 , to stockholders of record as of January 2, 2025 . This is the 128 th dividend increase since Realty Income's listing on the NYSE in 1994. The new monthly dividend represents an annualized dividend amount of $3.168 per share as compared to the prior annualized dividend amount of $3.162 per share. "Throughout our 55-year history, Realty Income has declared 654 consecutive monthly dividends," said Sumit Roy , Realty Income's President and Chief Executive Officer. "Today's declaration represents the 109 th consecutive quarter that we have declared a dividend increase since our 1994 NYSE listing, demonstrating our commitment to providing stockholders a dependable monthly dividend that increases over time." About Realty Income Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,450 properties in all 50 U.S. states, the U.K., and six other countries in Europe . We are known as "The Monthly Dividend Company ® ," and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 654 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats ® index for having increased our dividend for the last 30 consecutive years. Additional information about the company can be found at www.realtyincome.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words "estimated," "anticipated," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio; cash flows; the intentions of management; and dividends, including the amount, timing and payment of dividends related thereto. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients' solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through joint ventures, partnerships and other arrangements which may limit control of the underlying investments; epidemics or pandemics, including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions including from the merger with Spirit Realty Capital, Inc.; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and operating results may differ materially from what is expressed or forecasted in this press release and forecasts made in the forward-looking statements discussed in this press release might not materialize. We do not undertake any obligation to update forward-looking statements or publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made. View original content to download multimedia: https://www.prnewswire.com/news-releases/128th-common-stock-monthly-dividend-increase-declared-by-realty-income-302328137.html SOURCE Realty Income Corporation
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