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ARLINGTON, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its intention to offer, subject to market and other conditions, $300.0 million aggregate principal amount of convertible senior notes due 2030 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Fluence also expects to grant the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $45.0 million aggregate principal amount of the Notes. The Notes will be senior, unsecured obligations of Fluence, will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier repurchased, redeemed or converted. Before March 15, 2030, noteholders will have the right to convert their Notes in certain circumstances and during specified periods. From and after March 15, 2030, noteholders may convert their Notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Fluence will settle conversions by paying or delivering, as applicable, cash, shares of its Class A common stock (“Class A common stock”) or a combination of cash and shares of its Class A common stock, at Fluence’s election. The Notes will be redeemable, in whole or in part (subject to certain partial redemption limitations), at Fluence’s option at any time, and from time to time, on or after December 20, 2027 and on or before the 50th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date, but only if (i) the Notes are “freely tradable”, and all accrued and unpaid additional interest, if any, has been paid in full, as of the date of the related redemption notice, and (ii) the last reported sale price per share of Fluence’s Class A common stock exceeds 130% of the conversion price for a specified period of time. The final terms of the Notes, including the interest rate, initial conversion rate and certain other terms of the Notes, will be determined at the pricing of the offering. If certain events that constitute a “fundamental change” occur, then, subject to a limited exception, noteholders may require Fluence to repurchase their Notes at a cash repurchase price equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid special interest, if any, to, but excluding, the applicable repurchase date. In connection with the pricing of the Notes, the Company intends to enter into privately negotiated capped call transactions (the “capped call transactions”) with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the “counterparties”). The capped call transactions will cover, subject to customary adjustments, the number of shares of the Company’s Class A common stock that will initially underlie the Notes. The Company anticipates that the cap price of the capped call transactions will initially represent a premium over the last reported sale price of the Company’s Class A common stock on the pricing date of the offering of the Notes. The capped call transactions are generally expected to offset the potential dilution to the Class A common stock and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, with such offset subject to a cap, as the case may be, as a result of any conversion of the Notes. If the initial purchasers exercise their option to purchase additional Notes, the Company expects to enter into additional capped call transactions with the counterparties. In connection with establishing their initial hedge of these capped call transactions, the Company has been advised that the counterparties (i) may enter into various over-the-counter cash-settled derivative transactions with respect to the Class A common stock and/or purchase the Class A common stock in secondary market transactions concurrently with, or shortly after, the pricing of the Notes; and (ii) may enter into or unwind various over-the-counter derivatives and/or purchase the Class A common stock in secondary market transactions following the pricing of the Notes. These activities could have the effect of increasing or preventing a decline in the price of the Class A common stock concurrently with or following the pricing of the Notes and under certain circumstances, could affect the ability to convert the Notes. In addition, we expect that the counterparties may modify or unwind their hedge positions by entering into or unwinding various derivative transactions and/or purchasing or selling the Class A common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of the Notes or following any redemption or fundamental change repurchase of the Notes, (y) following any other repurchase of the Notes if the Company unwinds a corresponding portion of the capped call transactions in connection with such repurchase and (z) if the Company otherwise unwinds all or a portion of the capped call transactions). The effect, if any, of these transactions and activities on the market price of the Class A common stock or the Notes will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could adversely affect the value of the Class A common stock and the value of the Notes, and potentially the value of the consideration that a noteholder will receive upon the conversion of the Notes and could affect a noteholder’s ability to convert the Notes. Fluence intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions. If the initial purchasers exercise their option to purchase additional Notes, Fluence expects to use a portion of the net proceeds from the sale of additional Notes to fund the cost of entering into additional capped call transactions. Fluence intends to transfer the remaining net proceeds of the offering directly to purchase an intercompany subordinated convertible promissory note issued by Fluence Energy, LLC, the proceeds of which Fluence Energy, LLC intends to use for working capital needs, upgrading one of its battery cell production lines from 305 amp hour cells to 530 amp hour cells, and general corporate purposes. The offer and sale of the Notes and any shares of Class A common stock issuable upon conversion of the Notes have not been, and will not, be registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of Class A common stock issuable upon conversion of the Notes, nor shall there be any sale of the Notes or any such shares, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers of the Notes will be made only by means of a private offering memorandum. There can be no assurances that the offering of the Notes will be completed as described herein or at all. About Fluence: Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company’s solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In particular, statements regarding our future results of operations and financial position, operational performance, anticipated growth and business strategy, future revenue recognition and estimated revenues, future capital expenditures and debt service obligations, projected costs, prospects, plans, and objectives of management for future operations, including, among others, statements regarding expected growth and demand for our energy storage solutions, services, and digital application offerings, relationships with new and existing customers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offerings by customers, assumptions relating to the Company’s tax receivable agreement, expectations relating to backlog, pipeline, and contracted backlog, current expectations relating to legal proceedings, and anticipated impact and benefits from the Inflation Reduction Act of 2022 and related domestic content guidelines on us and our customers as well as any other proposed or recently enacted legislation, are forward-looking statements. In some cases, you may identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “grows,” “believes,” “estimates,” “predicts,” “potential”, “commits”, or “continue” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Among those risks and uncertainties are market conditions and the satisfaction of the closing conditions related to the offering of the Notes and the consummation of the capped calls transactions. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; barriers arising from current electric utility industry policies and regulations and any subsequent changes; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for our energy storage solutions; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; changes in the global trade environment; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a “controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and the factors described under the headings Part I, Item 1A. “Risk Factors” and Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Many of the important factors that will determine these results are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any such forward-looking statements. We qualify all forward-looking statements contained in this press release by these cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Contacts: Analyst Lexington May, Vice President, Finance & Investor Relations +1 713-909-5629 Email: InvestorRelations@fluenceenergy.com Media Email: media.na@fluenceenergy.comBy FARNOUSH AMIRI, Associated Press WASHINGTON (AP) — Former Rep. Matt Gaetz said Friday that he will not be returning to Congress after withdrawing his name from consideration to be attorney general under President-elect Donald Trump amid growing allegations of sexual misconduct. “I’m still going to be in the fight, but it’s going to be from a new perch. I do not intend to join the 119th Congress,” Gaetz told conservative commentator Charlie Kirk, adding that he has “some other goals in life that I’m eager to pursue with my wife and my family.” The announcement comes a day after Gaetz, a Florida Republican, stepped aside from the Cabinet nomination process amid growing fallout from federal and House Ethics investigations that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. The 42-year-old has vehemently denied the allegations against him. Gaetz’s nomination as attorney general had stunned many career lawyers inside the Justice Department, but reflected Trump’s desire to place a loyalist in a department he has marked for retribution following the criminal cases against him. Hours after Gaetz withdrew, Trump nominated Pam Bondi, the former Florida attorney general, who would come to the job with years of legal work under her belt and that other trait Trump prizes above all: loyalty. It’s unclear what’s next for Gaetz, who is no longer a member of the House. He surprised colleagues by resigning from Congress the same day that Trump nominated him for attorney general. Some speculated he could still be sworn into office for another two-year term on Jan. 3, given that he had just won reelection earlier this month. But Gaetz, who has been in state and national politics for 14 years, said he’s done with Congress. “I think that eight years is probably enough time in the United States Congress,” he said.
The match unfolded with heightened anticipation and tension, as Wolves, plagued by a series of disappointing results in recent weeks, were desperate for a breakthrough. Their opponent, a tough contender in their own right, brought a fierce challenge to the table, setting the stage for a gripping battle on the field."New Economic Observation | The Launch of the 'Spring Dawn Project' Connects Factories Directly to Consumers, Boosting - A Game Changer in the Market"BACK in May, President Biden issued a pointed tweet. Writing on the platform now known as X, the post read simply: “No one is above the law”. The comment was about his predecessor in the Oval Office — President Trump . The former (and future) President was undergoing a set of trials at the time, which Trump’s supporters believe to be entirely politically motivated. Joe Biden and the Democrat party machine set prosecutors after Trump in multiple states, all the time in search of a crime . As is the way of prosecutors in the US, if they look for a crime they will find one. Sure as anything. Read More on Opinion But wow, how six months seems able to change things. Enriched themselves Because yesterday President Biden announced, on the way out of office, that he is going to pardon his son, Hunter, of every charge that he has faced to date , as well as any charges that might still be brought. This is in spite of him swearing in the past that he would do no such thing. The specific charges that Hunter Biden was awaiting sentence for related to tax evasion and ownership of a gun which he had lied about on purchase. Most read in The Sun He is now going to be pardoned of these charges. But it is the pardoning of him for other potential charges which rankles many Americans most. Thanks to the investigative work of Miranda Devine, the New York Post and others, it has been clear for years that the Biden family — mainly his brother James and son Hunter — have been running a business off the person they called “the big guy”. For years members of the family enriched themselves thanks to their closeness to the man who was Vice President before he became President. Most notoriously, Hunter sat on the board of an energy company in Ukraine called Burisma . The company paid him millions of dollars to sit on their board. Despite Hunter having precisely zero knowledge or expertise in gas. Or in anything much. But Hunter Biden’s exploits finally came to a head in 2020 when a laptop he left at a repair shop found its way into the hands of the New York Post. Drug of choice Hunter was a drug addict at the time. His chosen drug of choice appeared to be crack. And perhaps it was for this reason that he dropped his computer off at a repair shop then never picked it up. Before the Trump-Biden election in 2020, the story of the “laptop from hell” was published. It showed a lot of things. Some of the media that did pick up the story focused on Hunter’s bizarre behaviour. He was so self-destructive that he seems to have been in the habit of taking photos of himself smoking illegal drugs and having sex with prostitutes. This was salacious stuff. Salacious stuff But much more important — and what got buried — was the influence-peddling. The laptop had thousands of emails and other messages to and from Hunter that showed the way in which he and other members of the Biden family were making money by using their famous relative. This showed a seriously corrupt family. But the story was literally suppressed. The New York Post had its Twitter and other social media pages locked. This was pre- Elon Musk Twitter. Other media pretended that the whole story was what the Americans call “a nothing-burger”. Worse still, there was an organised attempt to discredit the story. More than 50 former US intelligence agents signed a letter claiming that the story bore the hallmarks of a Russian intelligence operation. This was during the time when the Democrats were obsessed with the idea that Russia had somehow got Trump into the White House . They had spent four years saying “Russia Russia Russia”, despite never producing any evidence. In fact, the real election interference was by those US intelligence sources. It was they who colluded to suppress the Hunter Biden story. It was they who decided without even having seen the contents of the laptop that it was a tool to push the election Trump’s way. Crack-smoking During the years since it is those intelligence agents and others who showed that they were not just wrong, but part of a cover-up. It was a disgraceful piece of interference — on the free Press and on a US election. Hunter Biden knew that what he had already been charged with would hover over him. And he knew — as did his father — that there was every chance that charges much more serious than crack-smoking would come to light. The Democrats weaponised the justice system against Trump. And pretended that nobody was above the law. READ MORE SUN STORIES Now they are heading out of office, we learn that things are quite otherwise. It turns out that some people can be above the law. But your surname has to be “Biden”.
As visitors marveled at the impressive creation, they were reminded of the importance of national pride and the significance of unity in achieving monumental goals. The snow aircraft carrier served as a visual representation of the university's deep-rooted values of patriotism and creativity, inspiring all who beheld it to embrace the spirit of innovation and cooperation.Meanwhile, K77, a talented forward with blistering pace and a keen eye for goal, has emerged as a top target for Liverpool to fill the potential void left by Salah. The young striker has been in sensational form in recent seasons, attracting interest from top clubs around the world. With his ability to score from anywhere on the pitch and create scoring opportunities for his teammates, K77 could be the ideal replacement for Salah should he decide to move on.
Police arrested a 26-year-old man on Monday in the Manhattan killing of UnitedHealthcare’s CEO after they say a Pennsylvania McDonald's worker alerted authorities to a customer who resembled the suspected gunman. The suspect, identified by police as Luigi Nicholas Mangione, had a gun believed to be the one used in Wednesday’s attack on Brian Thompson , as well as writings expressing anger at corporate America, police said. Here are some of the latest developments in the ongoing investigation: Where was the man captured? Mangione was taken into custody at around 9:15 a.m. after police received a tip that he was eating at a McDonald’s in Altoona, Pennsylvania, about 85 miles (137 kilometers) east of Pittsburgh, police said. Mangione was being held in Pennsylvania on gun charges and will eventually be extradited to New York to face charges in connection with Thompson’s death, said NYPD Chief of Detectives Joseph Kenny. What evidence did police find? In addition to a three-page, handwritten document that suggests he harbored “ill will toward corporate America,” Kenny said Mangione also had a ghost gun , a type of weapon that can be assembled at home and is difficult to trace. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, New York Police Commissioner Jessica Tisch said at a news conference. Officers also found a suppressor, “consistent with the weapon used in the murder,” the commissioner said. He had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, Tisch said. What do we know about Mangione? Kenny said Mangione was born and raised in Maryland, has ties to San Francisco and that his last known address is in Honolulu, Hawaii. Mangione, who was valedictorian of his Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a university spokesman told The Associated Press on Monday. He learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication. His social media posts also suggest that he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends at the Jersey Shore and in Hawaii, San Diego, Puerto Rico, and other destinations. The Gilman School, from which Mangione graduated in 2016, is one of Baltimore’s elite prep schools. Some of the city’s wealthiest and most prominent people, including Orioles legend Cal Ripken Jr., have had children attend the school. Its alumni include sportswriter Frank Deford and former Arizona Gov. Fife Symington. In his valedictory speech, Luigi Mangione described his classmates’ “incredible courage to explore the unknown and try new things,” according to a post on the school website. He praised their collective inventiveness and pioneering mindset. Mangione comes from a prominent Maryland family. His grandfather Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The father of 10 children, Nick Mangione prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report. The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday, Baltimore County police officers blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. A swarm of reporters and photographers gathered outside the entrance. Luigi Mangione is one of 37 grandchildren of Nick Mangione, according to his obituary. Luigi Mangione's grandparents donated to charities through the Mangione Family Foundation, according to a statement from Loyola University commemorating Nick Mangione’s wife’s death in 2023. They donated to various causes ranging from Catholic organizations to colleges and the arts. One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione. A spokesman for the lawmaker's office confirmed the relationship Monday. The shooting and a quick escape Police said the person who killed Thompson left a hostel on Manhattan's Upper West Side at 5:41 a.m. on Wednesday. Just 11 minutes later, he was seen on surveillance video walking back and forth in front of the New York Hilton Midtown, wearing a distinctive backpack. At 6:44 a.m., he shot Thompson at a side entrance to the hotel, fled on foot, then climbed aboard a bicycle and within four minutes had entered Central Park. Another security camera recorded the gunman leaving the park near the American Museum of Natural History at 6:56 a.m. still on the bicycle but without the backpack. After getting in a taxi, he headed north to a bus terminal near the George Washington Bridge, arriving at around 7:30 a.m. From there, the trail of video evidence runs cold. Police have not located video of the suspected shooter exiting the building, leading them to believe he likely took a bus out of town. Police said they are still investigating the path the suspect took to Pennsylvania. “This just happened this morning," Kenny said. "We’ll be working, backtracking his steps from New York to Altoona, Pennsylvania,” Kenny said. Associated Press reporters Lea Skene in Baltimore and Cedar Attanasio in New York contributed to this report. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. The business news you need Get the latest local business news delivered FREE to your inbox weekly.Investors who missed early opportunities in Shiba Inu (SHIB) and Pepe Coin (PEPE) have a potential new avenue for gains through Rexas Finance (RXS). Boasting a unique approach to real-world asset tokenization, Rexas Finance offers access to high-value assets, including real estate and fine art, through blockchain technology. This innovation democratizes investment opportunities traditionally reserved for affluent individuals, allowing average investors to participate by purchasing fractionalized assets with RXS tokens. Rexas Finance has made significant strides with its presale, selling over 364 million tokens and raising more than $30 million. Starting at $0.03 in its initial stage, the presale saw a price increase of over 400%, ending at $0.15 by stage ten. This success, achieved without venture capital firm support, underscores investor confidence and the project’s robust fundamentals. The Rexas Finance ecosystem includes several key components: the Rexas Token Builder for custom token creation, the Rexas Launchpad to support new blockchain projects, Rexas Estate for real estate tokenization, and Rexas Treasury to fund future developments. These features are designed to address various challenges in the blockchain sector, providing RXS with a competitive edge over memes like SHIB and PEPE. Security and transparency are paramount, as demonstrated by Certik’s certification of Rexas Finance. This assurance reduces investor concerns over potential risks such as scams. Additionally, Rexas Finance incentivizes early participation with giveaways, providing up to $50,000 in RXS tokens through community engagement and referrals. As RXS continues to develop, its combination of tokenization capabilities, effective tokenomics, and presale success suggests it could be an attractive investment for those seeking substantial returns. With plans for a $1 million giveaway and exchange listings in 2025, Rexas Finance poses a promising option for investors looking to capitalize on emerging cryptocurrency opportunities.
The Chinese basketball player Zhou Qi has been making headlines recently due to his remarkable road to recovery after suffering a series of injuries. Xu Limin, the head coach of the Chinese Men's National Basketball Team, recently stated that Zhou Qi is now recovering to 30-40% of his full potential. Despite the challenges he has faced, Xu Limin remains optimistic about Zhou Qi's future and believes that he has the ability to continuously improve and refine his skills on the court.In conclusion, the dramatic transformation of Southeast Asian overseas warehousing reflects the region's evolving role in the global logistics landscape. With advancements in technology, infrastructure development, and strategic positioning, Southeast Asia has emerged as a key player in the world of overseas warehousing, offering businesses unparalleled opportunities for growth and expansion. As the region continues to evolve and adapt to the changing needs of the industry, Southeast Asia is poised to remain at the forefront of innovation and excellence in the field of logistics and warehousing.
Misinformation expert cites bogus studies — likely due to AI — in court case: court docsWorld Cup selection drives US sevens star Maher's move to BristolThe impact of this promotion on the company's stock price has been nothing short of remarkable. Within a span of three months, the company's shares have experienced an unprecedented surge, surpassing all previous records for the largest increase in such a short period. The implementation of the "buy 1 share, get 1 year of free mobile data" promotion has not only driven up demand for the company's stock but has also created a sense of excitement and anticipation among investors. This surge in stock price has not only benefited existing shareholders but has also attracted new investors who are drawn to the unique value proposition offered by the company.
Jarrod Bowen won it for West Ham (Zac Goodwin/PA) Jarrod Bowen dedicated his winning goal to Michail Antonio as West Ham beat Wolves 2-1. The England winger held Antonio’s number nine shirt aloft in support of the Hammers striker, who is recovering in hospital after a horror car crash. It was a victory which may have saved West Ham boss Julen Lopetegui’s job, for now at least, while the end could be nigh for Wolves’ under-pressure manager Gary O’Neil after a third straight defeat. However, any concerns about poor form, or the job prospects of either boss, paled into insignificance following the news Antonio had been in a serious road accident on Saturday afternoon. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. Thankfully, West Ham were able to confirm he was in a stable condition, conscious and communicating, on Saturday evening. The 34-year-old has undergone surgery on a broken leg and faces a long road to recovery from his injuries. So West Ham players showed their support for their stricken team-mate, wearing ‘Antonio 9′ shirts while warming up and walking out. The shirts will be signed by the players, including Antonio, and auctioned off with the proceeds going to the NHS and Air Ambulances UK. The focus was still on Antonio in the ninth minute, with a minute’s applause for the club’s record Premier League goalscorer. But in a desperately poor first half it took until the 20th minute for anyone to have a shot, with Wolves’ Joao Gomes firing straight at Lukasz Fabianski, who also saved from Matheus Cunha at his near post. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. Gomes should have put the visitors ahead when he met Matt Doherty’s cross at the far post but he guided his effort wide from three yards out. For West Ham, Mohammed Kudus played in Bowen, whose angled drive was kept out by the boot of Wolves keeper Sam Johnstone. Konstantinos Mavropanos then skied a shot from a corner as the half trundled to a close. However, Tomas Soucek made the breakthrough nine minutes into the second half, having been left completely unmarked to loop in a header at the far post from Bowen’s corner. The Czech midfielder held up nine fingers to a television camera to show his support for Antonio. Kudus had the ball in the net five minutes later after tapping home Bowen’s low cross, but a VAR check showed he was offside. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. O’Neil was apoplectic on the touchline after Emerson Palmieri barged over Goncalo Guedes and no penalty was given. Moments later his mood improved when Rayan Ait-Nouri curled in a cross from the right and Doherty guided it home. But O’Neil’s fate might have been sealed in the 72nd minute when Bowen cut inside Guedes and threaded a superb finish past Johnstone before lifting Antonio’s shirt to the crowd behind the goal. The disappointment proved too much for Wolves skipper Mario Lemina, who had to be escorted from the pitch at the final whistle after pushing and shoving players and staff from both West Ham and his own team.
Title: Former Spanish Foreign Minister Discusses China-EU Relations: Collaboration and ChallengesFollowing the dissolution of her fan group, rumors began circulating about Zhang Xin's possible withdrawal from social media platforms altogether. Speculations about her decision to quit social media and retreat from the public eye raised concerns among her supporters, who voiced their support and understanding for her choice to prioritize mental health and well-being over online presence.
Oronsaye Report Implementation to End Duplication of Functions — SGFIn today's rapidly evolving regulatory environment, where tech companies are facing increased scrutiny and oversight, it is more important than ever for companies like Nvidia to demonstrate a proactive and cooperative approach towards regulatory compliance. By engaging with regulators in a spirit of cooperation and transparency, Nvidia is setting a positive example for the industry and reinforcing its commitment to upholding ethical standards and good governance practices.Furthermore, efforts will be made to improve the transparency and efficiency of the real estate market. This includes strengthening the supervision of property transactions, enhancing the credibility of real estate agencies, and promoting the use of technology in property transactions. By increasing the transparency of information and reducing transaction costs, the government hopes to foster a more fair and competitive market environment.
Tech firms say using centralised blockchain to control spam impossible for OTTs
The announcement by the Greek prime minister in London that the government has no intention to impose an extraordinary levy on banks’ profits gave a major boost to credit sector stocks on Monday. This carried along the rest of the stock market, with the index climbing more than 2% on the day, with increased turnover too. Mid-caps, however, found it a little more difficult to follow the blue-chip rally. The Athens Exchange (ATHEX) general index closed at 1,424.33 points, adding 2.21% to Friday’s 1,393.49 points. The large-cap FTSE-25 index expanded 2.83%, ending at 3,386.39 points. The banks’ index advanced 4.67%, as Eurobank soared 5.60%, Alpha rose 4.94%, Piraeus earned 4.76% and National collected 4.17%. Metlen improved 3.73%, ElvalHalcor obtained 3.43%, Viohalco fetched 3.09%, PPC augmented 2.79% and Titan Cement rose 2.71%. In total 61 stocks boasted gains, 33 posted losses and 23 remained unchanged. Turnover amounted to €123.7 million, up from last Friday’s €96.2 million. In Nicosia, the general index of the Cyprus Stock Exchange increased 0.35% to close at 210.95 points.
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