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The public is losing trust in Japan's financial institutions, but why?EFF leader Julius Malema is set to challenge MK Party president Jacob Zuma over “unpaid legal fees” and he has his eyes on the former president's multimillion-rand Nkandla home. Malema has been aggrieved about MKP’s recruitment of former red berets leaders over the past three months. Several members of the EFF, including Malema’s former deputy Floyd Shivambu, have joined Zuma’s party. Speaking to thousands of party supporters outside the Constitutional Court, Malema assured them he would fight Zuma, including going after his assets. “We brought Zuma to the Constitutional Court and we said, ‘pay back the money,’ and he paid back the money and has not forgiven us for that. All the cases we won against Jacob Zuma he never paid the legal fees. Zuma owes us legal fees. We have a court order that he must pay us our money. He has not complied with the court order,” he said. “We have instructed our lawyer to attach Nkandla so that the man pays back the money. We want our money. He wants to play dirty, bring it on, bring us our money tomorrow [Wednesday] otherwise we are attaching Nkandla.” The EFF had brought scores of its supporters to the apex court where it was challenging parliament’s decision not to adopt a Section 89 panel report on Phala Phala. In 2016, the ConCourt ruled Zuma should pay back some of the money spent on improvements to his home in Nkandla. The EFF was involved in the legal row. It could be argued that the EFF was among Zuma's biggest critiques and ultimately led to his downfall after several years of ridicule in the National Assembly at the hands of the red berets. “We will not play nice with people who are playing rough with us. We are not in a church here, people cannot fight us and we give them roses. The fight is on. The fight is about defending the soul of the EFF and the unity of the EFF.” Malema's fierce rebuke of Zuma was evident during the party's activities over the past few days. In Limpopo, Malema sent a strong warning to his detractors within the party promising to deal with those who seek to betray him. This was followed by a speech in Gauteng were Malema told party members that the MK Party would not succeed in destroying the EFF. On Monday during a media briefing, Malema called the MK Party its enemy despite their alliance in parliament. Malema's theatrics are likely caused by growing dissent within the party as it prepares for its elective conference. The first signs that the EFF leadership was under strain came earlier in the year when reports indicated that Shivambu would be challenged for his position by its secretary-general Marshall Dlamini. This revelation came after Malema recalled Shivambu from KwaZulu-Natal where his deputy had failed to retain its support. The recall of the-then deputy president signalled problems for the party. Shortly after the elections and Shivambu's defection, another loyal ally, Mbuyiseni Ndlozi, was suspected to be planning his exit. Ndlozi had been overlooked for several key positions within the party and relegated to the back of the leadership line. His influence over the student command resulted in public spats with some party members vowing to support him for the vacant deputy president position. Party members openly challenged Malema on social media platforms, which is uncharacteristic for the party. In an interview with the Sunday Times this week, Zuma said his plan was to take back the ANC by uniting black parties under his MK Party banner and recapturing the leadership of the party, which he said had deviated from its ancestors. He dismissed suggestions that the MK Party was poaching leaders from the EFF. “You can’t have everybody [joining] at one day, it will be something like a miracle. Other comrades come. Nobody is taking somebody [to move] from somebody else. All this time, before MK was established, people were moving from other parties to join others. This very same organisation you’re talking about, moved from this [ANC] organisation,” he told the Sunday Times.Carlos Michael Morales: 'What really hurts at Cuban prisons is the hunger'
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ORLANDO, Fla.--(BUSINESS WIRE)--Nov 26, 2024-- OneRail today announced its No. 66 ranking on the Deloitte Technology Fast 500 TM — a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 30th year. Deloitte Fast 500 measures the growth of companies in the last three years, and OneRail grew 2,082% during that time frame. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126001147/en/ OneRail Ranked 66th Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500TM. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses. This people-plus-platform approach features a 24/7 USA-based exceptions team who maintain a 98% on-time delivery rate. (Graphic: Business Wire) “OneRail's revenue growth is a direct reflection of our commitment to solving the most pressing challenges retailers and wholesalers face today,” OneRail Founder and CEO Bill Catania said. “By expanding our OmniPoint ® platform capabilities, we've empowered businesses to meet the rising demand for same-day delivery, while maintaining their delivery promise. Our ability to streamline the last mile, optimize performance and deliver reliability has positioned us as a trusted partner in a rapidly evolving logistics landscape.” “For 30 years, we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg , vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.” “Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons , partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.” OneRail previously ranked 24th as a 2023 Technology Fast 500 award winner. OneRail has continued its growth story in 2024, recently announcing $42 million in Series C financing lead by Aliment Capital, having been named to FreightWaves’ FreightTech 25 at number 19, being honored on Forbes’ 2024 and 2023 lists of America’s Best Startup Employers, and having been selected as 2024 Last Mile Company of the Year for the SupplyTech Breakthrough Awards. OneRail was also recognized in the 2024 Gartner® Hype CycleTM for Supply Chain Execution Technologies , 2024 Gartner® Hype CycleTM for Smart City Technologies, as well as the 2024 Gartner® Market Guide for Last Mile Delivery Technology Solutions. Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%. About the 2024 Deloitte Technology Fast 500 Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. About OneRail OneRail is a leading omnichannel fulfillment solution pairing best-in-class software with logistics as a service to provide dependability and speed to help businesses meet their delivery promise. With a real-time connected network of 12 million drivers, OneRail matches the right vehicle for the right delivery so brands lower expenses and increase capacity to rapidly scale their businesses. This people-plus-platform approach features a 24/7 USA-based exceptions team who maintain a 98% on-time delivery rate. With its recent acquisition of Orderbot, a distributed order management solution, OneRail is integrating inventory and order management capabilities to enable store-shelf-to-doorstep visibility. By optimizing fulfillment processes, reducing costs and improving order accuracy, OneRail is committed to empowering clients and improving the customer experience. To learn more about OneRail, visit OneRail.com . About Deloitte Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future . Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com . Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. View source version on businesswire.com : https://www.businesswire.com/news/home/20241126001147/en/ CONTACT: Media Inquiries: Diffusion PR for OneRail onerail@diffusionpr.com (646) 571-0120 KEYWORD: UNITED STATES NORTH AMERICA FLORIDA INDUSTRY KEYWORD: DATA MANAGEMENT RAIL APPS/APPLICATIONS TECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT SOFTWARE SOURCE: OneRail Copyright Business Wire 2024. PUB: 11/26/2024 01:31 PM/DISC: 11/26/2024 01:32 PM http://www.businesswire.com/news/home/20241126001147/enPlayoff hopes in the balance when the Broncos face the Bengals in Cincy
With more than half of the 16 teams still mathematically alive to make the conference championship game, the Big 12 will command a lot of attention in the final week of the regular season. No. 14 Arizona State and No. 17 Iowa State would play for the Big 12 title and likely College Football Playoff spot on Dec. 7 if they both win Saturday and there's a four-way tie for first place. There are seven other teams that begin this week with hopes, slim in most cases, of getting into the game at AT&T Stadium in Arlington, Texas. Last week it was No. 19 BYU and No. 23 Colorado that had the inside track to the championship game. Arizona State beat the Cougars and Kansas knocked off the Buffaloes, and here we are. "Everybody counted us out, I think, two weeks ago," Iowa State coach Matt Campbell said after his team beat Utah 31-28. "We didn't flinch. We didn't waver. And we just keep fighting." The Cyclones were national darlings the first half of the season as they won seven straight games to match the best start in program history. Back-to-back losses to Texas Tech and Kansas followed. Now they've won two straight heading into "Farmageddon," their rivalry game against Kansas State at home. "Right now they've got the pen and they continue to write the story," Campbell said of his players, "and I hope they will continue to write it the way they've got the ability to write it. Unwavering. Tough, mentally tough, physically tough. This group has stood for it every step of the way." Arizona State has been an even better story than the Cyclones. The Sun Devils have six more wins than they did last season, when they went 3-9. They were picked to finish last in their first year in the Big 12. They'll go for their fifth straight victory when they play at Arizona on Saturday. "These guys came off no momentum and everybody doubting them, and everybody is still doubting them. That's what makes this special," second-year coach Kenny Dillingham said. "Hopefully the expectations become higher. I don't know if there's a way we can exceed expectations more than we're exceeding them right now." Checking in on five of the Top 25: The Ducks were idle Saturday after clinching a spot in the Big Ten championship game with their win at Wisconsin on Nov. 16. Oregon can go 12-0 in the regular season for the first time since 2010 if it beats Washington at home this week. Oregon's only two losses last season came against the Huskies, both decided by three points. The first was a top-10 matchup in the regular season and the second was a top-five matchup in the Pac-12 championship game. The Ducks are 19 1/2-point favorites this time, according to BetMGM Sportsbook. The Buckeyes' showdown with upstart Indiana combined with Michigan's dropoff after winning the national championship have lowered the volume on this week's meeting with the Wolverines at the Horseshoe. If Michigan beats Ohio State a fourth straight time and it keeps the Buckeyes out of the Big Ten championship game and playoff ... well, there'll be lots of noise in Columbus then. The Lone Star Showdown returns to the gridiron for the first time since 2011, when Texas and Texas A&M were in the Big 12. The Longhorns head to No. 20 Texas A&M on a four-game win streak. The Aggies have lost two of three after Saturday's four-overtime loss at Auburn. The winner advances to the Southeastern Conference championship game against Georgia. The Broncos are tied with Notre Dame for the second-longest active win streak, at nine games, and they seem to have adopted a survive-and-advance mantra. They trailed 23-point underdog Wyoming in the fourth quarter before winning 17-13 and clinching a spot in the Mountain West championship game. They won their previous game, 42-21 against San Jose State, but didn't pull away until the fourth quarter. Two weeks ago they beat a three-win Nevada team 28-21. Just when you think Illinois is about to cash in for the season, they do what they did against Rutgers. The Illini were down 31-30 when they lined up for a 58-yard field goal with 14 seconds left. Ethan Moczulski missed. But wait. Rutgers called timeout before the snap, and Bret Bielema thought better of trying another kick and sent his offense back on the field. Luke Altmyer passed to Pat Bryant for the winning 40-yard touchdown. The Illini won't play for the Big Ten title, but they have a chance for nine wins and a nice bowl. Ohio State played in three of the five regular-season top-five matchups and won three of them. The Buckeyes lost to Oregon and beat Penn State and Indiana. ... Kansas' 37-21 win over Colorado made the Jayhawks the first FBS team with a losing record to beat three straight Top 25 opponents. The Jayhawks, who were 2-6 a month ago, will be bowl eligible if they win at Baylor. ... Nebraska ended the longest power conference bowl drought with its 44-25 win over Wisconsin. The Cornhuskers haven't played in a bowl since 2016. Get local news delivered to your inbox!
After five quarters of stagnation, the EU economy returned to modest growth in the first three quarters of the year, while the disinflation process continued. According to the European Commission Autumn Forecast, the conditions for a continued gradual pick-up in growth in 2025 and 2026 are in place. Financial conditions are easing; the labour market remains strong; the disinflationary process is seen as solidly in place; and households’ disposable incomes are set to continue expanding. Elevated uncertainty at home and abroad is estimated to have exerted a considerable drag on growth and is likely to continue doing so. Fostering a more predictable economic environment could further lift growth over the forecast horizon. The forceful tightening of financial conditions contributed to five consecutive quarters of broad stagnation in the EU from late 2022 through 2023, but largely achieved its goal of a steady decline in inflation. Remarkably, the labour market has continued to show resilience — a soft landing under challenging circumstances. In 2024, the EU economy returned to growth. Despite recovering purchasing power, many households restrained their consumption and opted instead to save more due to lingering inflationary concerns and, to a lesser extent, higher interest rates (Baldassarri et al. 2024). Bobasu et al. (2024) also highlight the role of declining housing prices and uncertainty. By mid-year, the household saving rate had risen significantly to 14.8%, three percentage points above its pre-pandemic long-term average. At the same time, investment contracted sharply. Even net of one-off transactions in intellectual property, residential construction continued declining and equipment investment fell sharply, too. Beyond still tight financial conditions and falling profit margins, Revoltella et al. (2024) point to the role of elevated energy costs and uncertainty. With growth of imports lagging behind growth of exports, net trade turned out to be the main driver of growth. Weakening contribution from net trade and fiscal consolidation will impact growth... According to the Commission’s Autumn Forecast (European Commission 2024), merchandise and services exports will continue to expand. But import growth will also rise on the back of higher demand. Trade dynamics are thus projected to remain favourable but net trade will no longer prop up EU growth. Fiscal consolidation is underway. The EU general government deficit is projected to have resumed its decline this year, supported by revenue windfalls and restrained spending, though high interest rates are weighing on public debt. Fiscal policy is estimated to exert a mildly contractionary impact on the EU economy, particularly in 2024 due to the phasing out of ‘energy measures’ that provided support to private investments, especially housing renovations in Italy. In 2025, the contractionary impact of national fiscal policies on economic activity is expected to be offset by the accelerated utilisation of EU funds, including the Recovery and Resilience Fund. The forecast for 2025 however does not include the draft budgetary plans for a few member states – Austria, Belgium, Croatia, Spain – which had not been submitted to the Commission by the cutoff date. For 2026, the fiscal projections in the Autumn Forecast do not include the still unspecified measures needed to achieve the adjustment path planned in member states’ medium-term fiscal-structural plans. The proper implementation of the plans is estimated to imply a slightly contractionary EU fiscal stance in 2026 which, also depending on the nature of the underpinning measures, can be expected to weigh on the GDP growth outlook. ...while credit conditions are set to ease markedly With energy inflation cooling, overall inflation resumed its downward trend in August. Looking forward, the disinflation process hinges upon easing price pressures in services, as nominal wage growth slows down and productivity resumes growing. All signs point to a solid disinflationary trend. The ECB has lowered interest rates three times since May, and further substantial loosening (125 basis points) is expected by the end of 2025. Financial conditions are also easing markedly, as retail rates are set to keep falling and credit standards to keep loosening. Domestic demand is set to rebound, while service inflation keeps easing Although the labour market has loosened somewhat, job creation continues, especially benefiting women, older workers, and foreign-born jobseekers. Employment growth is projected to slow down further, with job intensity of growth converging towards pre-pandemic rates. Wage growth, following a peak in 2023, is set to slow yet should continue to outpace inflation, restoring real purchasing power for households. Households, having accumulated savings and improved their financial positions, are expected to lower their saving rates slightly, leading to gradual acceleration in consumption growth. Households, having accumulated savings and improved their financial positions, are expected to lower their saving rates slightly, leading to gradual acceleration in consumption growth. A global recovery for manufacturing and trade of goods, coupled with easing conditions and improving profit margins, set the stage for a rebound in investment. Recovery and Resilience Facility (RRF) funding is also set to help businesses transition to energy-efficient, low-emission production, though ongoing structural changes could challenge segments of manufacturing, especially energy-intensive and automotive sectors. Residential construction remains subdued in 2025, but is expected to recover by 2026 – leading to a broad-based acceleration of investment. The Autumn Forecast sees a gradual acceleration of economic activity, amidst further decelerating inflation The forecast projects moderate real GDP growth of 0.9 % for the EU in 2024 and an acceleration to 1.5% and 1.8%, respectively, in 2025 and 2026. Inflation is expected to halve in 2024 and continue easing. However, elevated uncertainty, at home and abroad, is weighing on the EU economy. Elevated uncertainty is estimated to exert a heavy toll on economic activity, especially investment Uncertainty – proxied by the Economic Policy Uncertainty (EPU) index by Baker et al. (2016) – has been on the rise, particularly over the last few quarters. Elevated uncertainty reflects heightened geopolitical tensions, especially in the EU’s eastern and south-eastern neighbourhood, but also domestic political instability, especially in France and Germany. To quantify the effects of uncertainty on the economy, a vector autoregressive (VAR) model 2 was used to gauge how sudden increases in uncertainty influence investment and GDP within the euro area. Results suggest that each unexpected surge in uncertainty, equivalent to a one standard deviation shock, exerts a cumulative drag of approximately 0.45 percentage points on GDP growth within a year. Investment is particularly sensitive to these conditions: faced with a murky economic outlook, companies often defer or cancel spending, particularly on capital projects, until greater clarity emerges. 3 Consumption, though less impacted than investment, is not immune as households tend to increase precautionary savings. A progressive decline of uncertainty would significantly boost GDP growth over the forecast horizon Looking forward, a scenario analysis 4 further underscores the economic stakes associated with different uncertainty paths. If uncertainty in the euro area were to return to pre-pandemic levels by the end of the forecast period, it could boost GDP by up to 1.2 percentage points, given the positive effects this would have on restoring confidence in both private consumption and business investment. Under a more optimistic scenario, where uncertainty reverts to levels seen before the Global Financial Crisis, the boost to GDP could reach as high as 1.7 points. However, if uncertainty were to rise by another 50% above current post-pandemic levels, the implications would be adverse, resulting in an estimated 0.6% reduction in GDP, further depressing both consumption and investment growth across the region. While the impact of an individual uncertainty shock eventually dies out, repeated exposure to episodes of high uncertainty can leave lasting scars by making businesses and households more risk-averse. This ‘hysteresis effect’ leads firms and individuals to adopt a more cautious outlook even once stability returns. EU policymakers must strive to foster a more predictable economic environment. Much of the uncertainty affecting the EU originates beyond its borders. Stability in domestic policy, even amid global turbulence, would go a long way towards ensuring that businesses and households feel secure enough to invest and spend, bolstering economic growth in the process. Creating clear and stable policy signals will be crucial to support investment and consumption. Source: CEPR
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