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‘Bribery and fraud’ The U.S. Department of Justice’s five-count criminal indictment of the chairman of the Adani Group and several of his associates not only jeopardises the credibility of the Adani Group but also casts a shadow over India’s corporate governance standards. The charges highlight systemic weaknesses in regulatory oversight, exposing how unchecked power can erode trust in India’s business landscape. The case underscores the need for India to reinforce its regulatory mechanisms. Corporate ambition must not overshadow ethical governance as the credibility of the “India growth story” hinges on trust and accountability. This is a defining moment to ensure that India’s economic progress is accompanied by integrity. Pavithra M., Tiruchi, Tamil Nadu It is baffling that only the small fish get caught while the bigger ones tear the nets and go scot-free. All this leaves the average citizen mystified. C.K. Prem Kumar, Kalvakulam, Palakkad, Kerala One is at a loss to understand why spokespersons of the ruling party should rush to defend the Adani Group, and why the group’s legal difficulties in the U.S. should be made out to be a conspiracy against the country and its economy. Going by the past, the political establishment is bound to use every means to pull the group’s chestnuts out of fire. Citizens need to remain vigilant so that the nation’s interests are not bartered away for the sake of a politically insulated businessman. Manohar Alembath, Kannur, Kerala Published - November 23, 2024 12:24 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit lettersOld Nemesis is after Elon Musk again. What will world's richest person do now?By MICHAEL R. SISAK and JENNIFER PELTZ NEW YORK (AP) — President-elect Donald Trump’s lawyers urged a judge again Friday to throw out his hush money conviction, balking at the prosecution’s suggestion of preserving the verdict by treating the case the way some courts do when a defendant dies. They called the idea “absurd.” Related Articles National Politics | Trump wants to turn the clock on daylight saving time National Politics | Ruling by a conservative Supreme Court could help blue states resist Trump policies National Politics | A nonprofit leader, a social worker: Here are the stories of the people on Biden’s clemency list National Politics | Nancy Pelosi hospitalized after she ‘sustained an injury’ on official trip to Luxembourg National Politics | Veteran Daniel Penny, acquitted in NYC subway chokehold, will join Trump’s suite at football game The Manhattan district attorney’s office is asking Judge Juan M. Merchan to “pretend as if one of the assassination attempts against President Trump had been successful,” Trump’s lawyers wrote in a blistering 23-page response. In court papers made public Tuesday, District Attorney Alvin Bragg’s office proposed an array of options for keeping the historic conviction on the books after Trump’s lawyers filed paperwork earlier this month asking for the case to be dismissed. They include freezing the case until Trump leaves office in 2029, agreeing that any future sentence won’t include jail time, or closing the case by noting he was convicted but that he wasn’t sentenced and his appeal wasn’t resolved because of presidential immunity. Trump lawyers Todd Blanche and Emil Bove reiterated Friday their position that the only acceptable option is overturning his conviction and dismissing his indictment, writing that anything less will interfere with the transition process and his ability to lead the country. The Manhattan district attorney’s office declined comment. It’s unclear how soon Merchan will decide. He could grant Trump’s request for dismissal, go with one of the prosecution’s suggestions, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court, or choose some other option. In their response Friday, Blanche and Bove ripped each of the prosecution’s suggestions. Halting the case until Trump leaves office would force the incoming president to govern while facing the “ongoing threat” that he’ll be sentenced to imprisonment, fines or other punishment as soon as his term ends, Blanche and Bove wrote. Trump, a Republican, takes office Jan. 20. “To be clear, President Trump will never deviate from the public interest in response to these thuggish tactics,” the defense lawyers wrote. “However, the threat itself is unconstitutional.” The prosecution’s suggestion that Merchan could mitigate those concerns by promising not to sentence Trump to jail time on presidential immunity grounds is also a non-starter, Blanche and Bove wrote. The immunity statute requires dropping the case, not merely limiting sentencing options, they argued. Blanche and Bove, both of whom Trump has tabbed for high-ranking Justice Department positions, expressed outrage at the prosecution’s novel suggestion that Merchan borrow from Alabama and other states and treat the case as if Trump had died. Blanche and Bove accused prosecutors of ignoring New York precedent and attempting to “fabricate” a solution “based on an extremely troubling and irresponsible analogy between President Trump” who survived assassination attempts in Pennsylvania in July and Florida in September “and a hypothetical dead defendant.” Such an option normally comes into play when a defendant dies after being convicted but before appeals are exhausted. It is unclear whether it is viable under New York law, but prosecutors suggested that Merchan could innovate in what’s already a unique case. “This remedy would prevent defendant from being burdened during his presidency by an ongoing criminal proceeding,” prosecutors wrote in their filing this week. But at the same time, it wouldn’t “precipitously discard” the “meaningful fact that defendant was indicted and found guilty by a jury of his peers.” Prosecutors acknowledged that “presidential immunity requires accommodation” during Trump’s impending return to the White House but argued that his election to a second term should not upend the jury’s verdict, which came when he was out of office. Longstanding Justice Department policy says sitting presidents cannot face criminal prosecution . Other world leaders don’t enjoy the same protection. For example, Israeli Prime Minister Benjamin Netanyahu is on trial on corruption charges even as he leads that nation’s wars in Lebanon and Gaza . Trump has been fighting for months to reverse his May 30 conviction on 34 counts of falsifying business records . Prosecutors said he fudged the documents to conceal a $130,000 payment to porn actor Stormy Daniels to suppress her claim that they had sex a decade earlier, which Trump denies. In their filing Friday, Trump’s lawyers citing a social media post in which Sen. John Fetterman used profane language to criticize Trump’s hush money prosecution. The Pennsylvania Democrat suggested that Trump deserved a pardon, comparing his case to that of President Joe Biden’s pardoned son Hunter Biden, who had been convicted of tax and gun charges . “Weaponizing the judiciary for blatant, partisan gain diminishes the collective faith in our institutions and sows further division,” Fetterman wrote Wednesday on Truth Social. Trump’s hush money conviction was in state court, meaning a presidential pardon — issued by Biden or himself when he takes office — would not apply to the case. Presidential pardons only apply to federal crimes. Since the election, special counsel Jack Smith has ended his two federal cases , which pertained to Trump’s efforts to overturn his 2020 election loss and allegations that he hoarded classified documents at his Mar-a-Lago estate. A separate state election interference case in Fulton County, Georgia, is largely on hold. Trump denies wrongdoing in all. Trump had been scheduled for sentencing in the hush money case in late November. But following Trump’s Nov. 5 election victory, Merchan halted proceedings and indefinitely postponed the former and future president’s sentencing so the defense and prosecution could weigh in on the future of the case. Merchan also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. A dismissal would erase Trump’s conviction, sparing him the cloud of a criminal record and possible prison sentence. Trump is the first former president to be convicted of a crime and the first convicted criminal to be elected to the office.

Drones, planes or UFOs? Americans abuzz over mysterious New Jersey sightingsNone

Idahosa Moses The Peoples Democratic Party (PDP) in Edo State, on Thursday, accused the ruling All Progressives Congress (APC) of invading its state’s Secretariat in Benin. The PDP in a statement issued by its acting Publicity Secretary, Chris Nehikhare, alleged that the APC led one Kapuepue, during the invasion carted away properties worth millions of Naira. According to Nehikhare, the thugs also destroyed doors, windows, and office equipment at the party’s Secretariat. “Several electronics, computers and other valuable items were also carted away by the thugs, who ransacked the building with the plan to attack any person in the building”. He condemned the alleged attack in the strongest terms, describing it as a desperate and reckless attempt by the APC to intimidate the PDP and frustrate the party’s efforts at reclaiming its mandate stolen at the September 21 governorship election. He said, “It is quite disappointing and unfortunate that the APC, on Thursday, mobilised thugs to attack our party Secretariat in their desperation to frustrate and halt efforts by our great party to reclaim the mandate duly given to it by the Edo people at the September 21 governorship election. “The thugs led by Kapuepue, invaded the Secretariat, destroying and carting away properties worth millions of naira. “If the APC are confident that they won the election free and square and have nothing to hide, why are they jittery and mobilising thugs to attack the PDP Secretariat.” “This is barbaric and totally condemnable and we urge relevant security agencies to thoroughly investigate the attack and ensure that the perpetrators of this dastardly act are brought to book. “The PDP remains resolute and will not be intimidated or deterred in its pursuit for justice and the restoration of our mandate.” “We are however calling on our party members and supporters to remain calm and resolute in the face of the provocations as we explore every legal channel to reclaim our mandate”, he charged. Reacting to the allegations, the Publicity Secretary of the APC, Peter Uwadiae-Igbinigie, described the allegation as baseless and urged the PDP to settle its internal, warning them not to drag the APC into their messy affair. He said it was absurd to label those who allegedly attacked the PDP office as APC thugs wondering if the thugs wore APC uniform or had APC paraphernalia on them. Uwadiae-Igbinigie, noted that the APC government in the state has already embarked on project the PDP government failed to carry, adding that his party was still basking in the euphoria of their victory and putting the state in the right part. He said, “How can the PDP say that the thugs that attacked their party secretariat are that of APC? Did the people have any thing on them to show that they are APC members. The allegation is baseless and their in no proof. “The allegation is weighty and criminal in nature so the PDP should be sure they have proof before making the allegation. We will urge the PDP to sort its internal problem and not drag the APC into it”. READ MORE FROM: NIGERIAN TRIBUNE Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more. Join our WhatsApp Channel now

Turkey removes two more pro-Kurdish mayors from office for links to banned groupPresident Emmanuel Macron picked Francois Bayrou to be France’s new prime minister, calling on a longstanding centrist ally to navigate a fractured political landscape that toppled the previous administration. Bayrou, who leads the centrist Democratic Movement party known as MoDem, steps into the breach after far-right leader Marine Le Pen allied with a left-wing coalition of lawmakers last week to oust Michel Barnier from office as he attempted to drive a stringent budget through parliament. To avoid the same fate, Bayrou must quickly rewrite fiscal plans with concessions to buy at least implicit support from some of Macron’s political adversaries. Investors are watching closely after months of political upheaval and uncertainty sparked temporary selloffs of French assets, at one point driving up the country’s borrowing costs as high as Greece’s. “Everyone appreciates the difficulty of the task and I think also that everyone thinks there is a path to be found that unites rather than divides people,” Bayrou told reporters after the announcement. “Reconciliation is necessary.” Macron’s decision to dissolve the National Assembly in June plunged the country into an unusual situation where the French president has scant influence over lawmakers. Since the snap election, the lower house is split into three feuding blocs: the leftist New Popular Front, a shrunken center backing Macron and an expanded nationalist group led by Le Pen. In a post on X following the announcement, Le Pen said Bayrou must work with her party and its proposals to put together a budget. “Any policy that just extends Macronism, which has twice been rejected at the polls, can only lead to impasse and failure,” she said. Jordan Bardella, the president of the National Rally, said his party wouldn’t back a no-confidence vote by default against a prime minister from the center or the right, implicitly giving Bayrou some room to maneuver. Communist leader Fabien Roussel, whose party is part of the leftist bloc, indicated a similar stance. “Naming a prime minister from his own camp sends a bad signal, it’s not what French people want,” Roussel told on BFM TV. “But I won’t say censure outright, we will judge based on evidence.” Currently the high commissioner of government planning, Bayrou ran for president in three consecutive elections starting in 2002. In 2017, he declared that he would stand aside to instead ally himself with Macron as Le Pen rose in the polls. The key to Bayrou’s success or failure as prime minister will be garnering support from both the center left and the center right to avoid a majority forming that would vote him out like Barnier. That will likely require prising apart the New Popular Front to pick off more moderate Socialists from their alliance with Jean-Luc Melenchon’s far-left France Unbowed. If Bayrou can’t find a way to appease parts of the left — or get their agreement not to censure his government outright — he will still be vulnerable to Le Pen’s lawmakers voting him from power. In an open letter to Bayrou after his appointment, the Socialist party demanded the new prime minister quickly meet with the heads of political groups in parliament and pledge to not invoke a constitutional provision to bypass votes on bills. Barnier’s use of the tool — which prime ministers have routinely relied on when they don’t have a majority — triggered the no-confidence vote that toppled him. The socialists also said they would not accept the continuation of Macron’s policies and want guarantees that Bayrou’s government will not depend on the National Rally or push far-right policies. Bayrou has some credit with the National Rally after coming to Le Pen’s aide when she risked not having enough sponsorship from elected officials to run in the 2022 presidential election. Barring her path would have been undemocratic, he said at the time. But France’s new prime minster must tread carefully. Barnier’s short stint as premier also began with courteous relations with Le Pen, before she said he lacked respect for her party and its budget demands, and voted him out of office. The first task for Bayrou will be to name a government that will be able to carry special legislation through parliament to allow the state to continue collecting taxes and carry out the minimal level of spending to avoid a shutdown in France on Jan. 1. Opposition groups have said they would back the emergency legislation, even as it does not allow for any new spending and could push up income taxes if it’s not quickly replaced by a full budget. Bayrou will then have to pick up the pieces of a 2025 budget plan that was derailed by Barnier’s downfall. The initial bill aimed for an unusually sharp adjustment to bring France’s deficit to 5 percent of economic output from 6.1 percent this year with €60 billion ($63.1 billion) of tax hikes and spending cuts. Societe Generale SA trading data shows hedge funds and foreign investors have stepped in over recent weeks and bought French government bonds — also known as OATs — or closed out short positions. It’s a sign that some funds are willing to look through the political gridlock, and that certain key spread levels can trigger buying. Still, the SocGen strategists including Adam Kurpiel say a “slow-burning” move wider is the most likely outcome, arguing the new government is likely to be weak and encounter further political clashes. Fiscal consolidation “is no longer on the horizon,” they added in a note published Thursday. Bayrou on Friday also cited Socialist President Francois Mitterand on the night of his election. “His first word when he received the results was: Finally, trouble is starting,” Bayrou said.

By MIKE CATALINI CHATHAM, N.J. (AP) — That buzzing coming out of New Jersey? It’s unclear if it’s drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Related Articles National News | FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup National News | OpenAI whistleblower found dead in San Francisco apartment National News | Judge rejects an attempt by Trump campaign lawyer to invalidate guilty plea in Georgia election case National News | Texas’ abortion pill lawsuit against New York doctor marks new challenge to interstate telemedicine National News | US military flies American released from Syrian prison to Jordan, officials say Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what’s behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey’s new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they’re looking into what’s happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let’s solve it , has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she’s glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn’t buy what the governor said, that the drones aren’t a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” Then there’s the notion that people could misunderstand what they’re seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they’re looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin’s view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That’s not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time,” he added. Associated Press reporter Hallie Golden in Seattle contributed to this report.

Pakistan, Turkiye aim to boost trade to $5bn KARACHI: Ambassador of Turkiye Irfan Neziroglu announced that efforts are underway to enhance the trade volume between Pakistan and Turkiye from the current $1.2 billion to at least $5 billion, following an agreement between President Recep Tayyip Erdogan and Prime Minister Shehbaz Sharif. Speaking at the Karachi Chamber of Commerce and Industry (KCCI) on Friday, Ambassador Neziroglu revealed that a high-level consultative strategic meeting is planned for January or February next year. “The meeting will explore effective ways to address barriers hindering trade between our two brotherly nations,” he said. Highlighting the importance of collaboration, the ambassador stressed, “Given the evolving global landscape, Turkiye and Pakistan must walk together. Cooperation between our countries is essential and must be strengthened across all fields. Our doors are always open to our Pakistani brothers and sisters, and we are committed to doing our best in their interest.” He emphasised the enduring friendship between the two nations, describing Pakistan as a true friend and brother that has consistently supported Turkiye during challenging times. “A strong Pakistan is in Turkiye’s interest,” he added, pledging to work towards strengthening bilateral ties in all areas. The ambassador acknowledged that business ties remain below expectations even though the political and defence relations between Türkiye and Pakistan are quite satisfactory. He called for collective efforts from both sides to address this gap. He said that the Turkish embassy and consulates in Pakistan are fully prepared to facilitate businesspeople looking to improve trade relations with their counterparts in Turkiye. He suggested organising a workshop between the business communities of both countries to identify trade barriers and find solutions to mutual challenges. “Turkiye has extensive expertise in industry and agriculture, having overcome past economic difficulties to become a significant economic power. Pakistan, on the other hand, excels in the IT sector. By leveraging each other’s strengths, we can foster growth and collaboration,” he said. Chairman BMG Zubair Motiwala, participating via Zoom, reiterated that trade between Pakistan and Turkiye has the potential to increase five-fold with concerted efforts. The meeting concluded with a shared commitment to deepening economic ties, leveraging mutual strengths, and fostering long-term collaboration between the two nations.AP Sports SummaryBrief at 4:38 a.m. EST

Young Republican and Democratic Lawmakers and Activists Receive Political Bridge-Building Award

A Saudi Arabian delegate has been accused of directly making changes to an official Cop29 negotiating text, it can be revealed. Cop presidencies usually circulate negotiating texts as non-editable PDF documents to all countries simultaneously, which are then discussed. Giving one party editing access “risks placing this entire Cop in jeopardy”, said one expert. Oil-rich Saudi Arabia is regarded by many as a persistent obstructor of action to cut the burning of fossil fuels at UN climate summits and has been described as a “ wrecking ball ” at Cop29. Earlier on Saturday, a document was circulated by the Azerbaijani presidency with updates to the negotiating text on the Just Transition Work Program (JTWP). This aims to help countries move to a cleaner and more resilient future, while reducing inequalities. The document was sent with “tracked changes” from the previously circulated version. In two cases, the document showed edits were made directly by Basel Alsubaity , at the Saudi Ministry of Energy, and the lead on the JTWP. It was not sent to other countries to edit, the Guardian was told. One of the changes deletes a section of text reading “encourages parties to consider just transition pathways in developing and implementing NDCs, NAPs and LT-LEDSs that are aligned with the outcome of the first global stock take and relevant provisions of the Paris agreement”. Catherine Abreu, director at the International Climate Politics Hub and Cop veteran, said: “All parties need to see presidency texts during this process as the negotiations proceed and this is generally done by circulating non-editable PDF documents to all parties simultaneously. “Giving one party editing access to these documents, and a party known for its objective of rolling back the historic global agreement made last year to transition away from fossil fuels to renewable energy and energy efficiency, suggests a worrying lack of independence and objectivity and clearly contravenes both the spirit and the rules of this process,” she said. “This kind of behaviour from a presidency risks placing this entire Cop in jeopardy.” Two groups – the Alliance of Small Island States and the Least Developed Countries walked out of key meeting on Saturday, saying they were not being consulted by the presidency. German foreign minister, Annalena Baerbock, speaking on Saturday before the editing revelation, said: “We are in the midst of a geopolitical power play by a few fossil fuel states. We will not allow the most vulnerable, especially the small island states, to be ripped off by the few rich fossil fuel emitters who have the backing, unfortunately, at this moment of the president [of Cop29].” A 2023 report from the Climate Social Science Network concluded: “One nation has had an outsized role in undermining progress at global climate negotiations, year after year: Saudi Arabia. The fossil fuel giant has a 30-year record of obstruction and delay, protecting its national oil and gas sector and seeking to ensure UN climate talks achieve as little as possible, as slowly as possible. “Riyadh’s envoys are among the most active across all tracks of UN climate talks, frequently pushing back on efforts to curb fossil fuels”, it said. “Despite increased temperatures across Saudi Arabia and falling groundwater supplies, Riyadh has shown little sign of shifting strategy.” The Cop29 presidency, the United Nations Framework Convention on Climate Change and the Saudi delegation have been contacted for comment.

By MIKE CATALINI CHATHAM, N.J. (AP) — That buzzing coming out of New Jersey? It’s unclear if it’s drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what’s behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey’s new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they’re looking into what’s happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let’s solve it , has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she’s glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn’t buy what the governor said, that the drones aren’t a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” Then there’s the notion that people could misunderstand what they’re seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they’re looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin’s view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That’s not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time,” he added. Associated Press reporter Hallie Golden in Seattle contributed to this report.BOSTON , Dec. 13, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") has declared a distribution in the amount of $0.1497 per share. The distribution is comprised entirely of ordinary income. The dividend will be payable on January 10, 2025 , to stockholders of record on December 30, 2024 , with an ex-dividend date of December 30, 2024 . The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") in which each stockholder automatically participates, unless the stockholder instructs Computershare Trust Company, N.A. (the "Plan Agent"), in writing, to have all distributions, net of any applicable U.S. withholding tax, paid in cash. If the Fund's shares are trading at a premium to the net asset value ("NAV") per share of the Fund on the distribution payment date, the Plan provides that stockholders will be issued Fund shares valued at NAV. If the Fund's shares are trading at a discount to the NAV per share, stockholders will be issued shares of the Fund valued at market price. Stockholders will not be charged a fee in connection with the reinvestment of dividends or capital gains distributions. A stockholder may terminate his or her participation in the Plan by notifying the Plan Agent in writing at the address below. Stockholders who have questions regarding the distribution may contact EQ Fund Solutions, LLC at 1-888-CHN-CALL (246-2255). The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is in the People's Republic of China (" China "), or (ii) of companies for which the principal securities trading market is outside of China , or constituting direct equity investments in companies organized outside of China , that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China . While the Fund is permitted to invest in direct equity investments of companies organized in China , it presently holds no such investments. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol "CHN." The Fund's investment manager is Matthews International Capital Management, LLC. For more information regarding the Fund and the Fund's holdings, please call 1-888-CHN-CALL (246-2255) or visit the Fund's website at www.chinafundinc.com . For more information about the Plan or to terminate your participation in the Plan, please contact Computershare Trust Company, N.A. at c/o The China Fund, Inc. at P.O. Box 43078, Providence, Rhode Island 02940-3078, by telephone at 1-800-426-5523 or via the Internet at www.computershare.com/investor . View original content: https://www.prnewswire.com/news-releases/the-china-fund-inc-declares-distributions-302331625.html SOURCE The China Fund, Inc.Paytm Parent to sell 5.4% stake in Japan company PayPay to SoftBank

On this week's FP Live, I spoke with the preeminent expert on semiconductor competition: Chris Miller, the author of Chip War: The Fight for the World's Most Critical Technology. Subscribers can watch the full interview on the video box atop this page or follow the FP Live podcast. What follows here is a condensed and edited transcript. One of the central arenas for competition in the 21st century is the battle over computing power—and the chips, data, and energy that go into it. In his first term as president, Donald Trump kick-started several restrictions on Chinese technology that Joe Biden has since expanded. What will Trump do in a second term? How will tariffs play into his strategy? And how will Beijing respond? One of the central arenas for competition in the 21st century is the battle over computing power—and the chips, data, and energy that go into it. In his first term as president, Donald Trump kick-started several restrictions on Chinese technology that Joe Biden has since expanded. What will Trump do in a second term? How will tariffs play into his strategy? And how will Beijing respond? On this week's FP Live, I spoke with the preeminent expert on semiconductor competition: Chris Miller, the author of Chip War: The Fight for the World's Most Critical Technology. Subscribers can watch the full interview on the video box atop this page or follow the FP Live podcast. What follows here is a condensed and edited transcript. Ravi Agrawal: Let's start with a basic question: Why do we care where our chips are made? Chris Miller: I think there are two reasons you might care where chips are made. The first has to do with supply chain security and whether you can get access to the chips that you need, because chips are in everything—including in cars, microwaves, and missile systems—and you need thousands and thousands of chips per person to make an economy function. Today, there is great concentration in the supply chain in Korea, but above all in... Ravi AgrawalGlobal South nations stand dissatisfied with COP29's preliminary deals - Philippines repMitt Romney says GOP is Donald Trump’s party — and ‘mainstream Republicans’ are now ‘main creek’

US TikTok content creators warn followers to find them on Instagram, YouTube

Conor McGregor must pay $250,000 to woman who says he raped her, civil jury rules

An Post have issued an urgent Christmas update as the closure Holyhead continues to cause havoc for shoppers. Families across the nation are rushing to get the last of their presents shipped overseas, with December 18 the final date to send cards and parcels to the UK (England, Scotland & Wales). However, the Welsh post of Hollyhead has been closed this week due to damage being caused by Storm Darragh , with deliveries delayed as a result. According to An Post , 150,000 parcels which were on their way to Ireland have been re-routed to other ports in the UK due to a backlog. Additionally, the postal service said that the port will remain closed until Thursday December 19 at ‘the earliest’. With the public fearing that their orders won’t arrive before Christmas, An Post said they have ‘the latest technology, equipment and additional Christmas staff’ to help them overcome the festive crisis. However, ‘some time may be added to the journey’ due to the ferries carrying outbound parcels to the UK on top of the parcels destined for Ireland. With a fresh update to arrive on Sunday, An Post said that they expect orders from before Storm Darragh to arrive in the coming days. Anyone taking part in last minute shopping are encouraged by Any Post to sop with Irish e-commerce sites, and buy Irish to avoid any potential heartache. A spokesperson said: ‘There is ongoing speculation as to a resumption date for ferry traffic through Holyhead but as of this morning, the last of the 150,000 UK parcels destined for An Post and affected by the port closure have been re-routed to other UK ports. ‘Many UK retailers are working with ferry companies to secure alternative routes on larger vessels into Ireland while Holyhead remains closed. Larger capacity ferries are now accessing Ireland from Wales, Scotland and Liverpool via Rosslare Europort, Larne and Dublin Port, and will continue to do so right up to Christmas and into New Year 2025. ‘Overnight and this morning, An Post received over 350,000 UK parcels into its Dublin, Portlaoise and Athlone hubs for processing and delivery tomorrow (Saturday) and early next week.’ They added: ‘These large hubs have the latest technology, equipment and additional Christmas staff to meet this challenge and to deal with parcels arriving by air, as well as large volumes of domestic parcels being posted by Irish brands and personal customers. ‘The ferries bringing incoming goods via Dublin, Larne and Rosslare are also carrying outbound parcel traffic back to the UK and beyond, though this may add some time to the journey.’LAS VEGAS -- The Milwaukee Bucks are making a return trip to the NBA Cup semifinals after falling short in Sin City last season. This time around, they'll have the responsibility of stopping one of the game's great entertainers in Trae Young and the Atlanta Hawks. Young rolled a pair of imaginary dice over the New York Knicks' midcourt logo in the closing moments of the Hawks' 108-100 win in the quarterfinals on Tuesday, a nod to the Hawks' trip to Vegas. It was yet another example of Young's showmanship, something the Knicks have seen firsthand over the years. The Bucks also got to experience a bit of Young's big-game prowess in the 2021 Eastern Conference finals, but Young suffered an ankle injury in Game 3 of that series and wasn't the same the rest of the way. If "Ice Trae" has it his way, the Bucks will be the latest victim of his prime-time heroics on Saturday night. Even if he doesn't like to linger on the memories of that series. "I don't let past things make me mad (and I don't) hold a grudge on those things," the 26-year-old Young said. "Yeah, I'm young. I'm not super young anymore, where I like, let those things really affect me. "I remember it like it was yesterday. It definitely hurts, but I mean, this is a new team. I'm part of a new team. They're a different team. So I can't let my past affect my mental and my focus on right now, because it's a totally different team and totally different place." Young is averaging 21 points per game to go along with 12.2 assists, numbers that have only been equaled by Magic Johnson and Isiah Thomas over the course of an entire NBA season. He's gotten a fair bit of help too, most notably in the form of 19.8 points and a team-high 10.1 rebounds per game from fourth-year forward Jalen Johnson. The Hawks earned the No. 3 seed in NBA Cup knockout play after going 3-1 in the East Group C stage. Atlanta's among the hottest teams in the league at the moment, having won seven of its last eight games overall. The Bucks, on the other hand, are the only team of the four remaining that made it to the NBA Cup semifinals in Las Vegas last season. They had a short trip, falling 128-119 to the Pacers, but the hope is that last year's experience better prepared them for all of the outside hoopla that comes with this stage. At the very least, they have a much better understanding of what winning the NBA Cup would entail. "I think last year, most people didn't even understand what was going on until they got to the final stages," Bucks star Damian Lillard said. "When we got to the game against New York last year, where the winner got to go to Vegas, we started to have a better understanding of what was on the line. "Coming into this season, I think everybody understood better. Everybody cared more, not just because it's an opportunity to win money. Even though it's not the ultimate goal, I think it gives you an edge. We want to be the last team standing in it. We want to win the money. We want to continue going in the right direction as a team." The Bucks entered Tuesday's quarterfinal as the East's top seed in NBA Cup play, going 4-0 in East Group B play despite a turbulent 2-8 start to the season. They've won nine of their last 11 games and eclipsed .500 for the season by beating the Brooklyn Nets on Sunday and the Orlando Magic on Tuesday. Giannis Antetokounmpo sits atop the NBA scoring leaders as of Friday afternoon, averaging 32.7 points and a team-high 11.4 rebounds per game. Lillard has also played at an All-Star level, averaging 25.8 points per game in addition to 7.6 assists. Bobby Portis (13.2 ppg) and Brook Lopez (11 ppg) are the only other Bucks averaging double figures. --Will Despart, Field Level Media

Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’Wall Street stocks finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities. Of the major indices, only the Nasdaq mustered a gain in Friday's session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher. "Equities are kind of treading water," said LBBW's Karl Haeling. "A negative influence to some extent is the rise in bond yields." The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures. "Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year, reflecting concerns over sticky inflation," said Chris Beauchamp, chief market analyst at online trading platform IG. There is also growing concern over the inflationary pressures from President-elect Donald Trump's pledges to cut taxes and impose tariffs, as inflation still stands above the Fed's target. "While the markets still anticipate a rate cut from the Federal Reserve next week, the likelihood of a move in January has dropped," said Patrick Munnelly, partner at broker Tickmill Group. The CME FedWatch tool shows the market sees a more than 75 percent chance that the Fed will hold rates steady in January. In Europe, the Paris CAC 40 index ended the day down 0.2 percent after French President Emmanuel Macron named his centrist ally Francois Bayrou as prime minister, ending days of deadlock over finding a replacement for Michel Barnier. Frankfurt also dipped, with Germany's central bank sharply downgrading its growth forecasts on Friday for 2025 and 2026. It predicted a prolonged period of weakness for Europe's biggest economy. London stocks were also lower after official data showed that the UK economy unexpectedly shrank for the second consecutive month in October. The euro recovered after flirting with two-year lows against the dollar following a warning Thursday by ECB president Christine Lagarde that the eurozone economy was "losing momentum", cautioning that "the risk of greater friction in global trade could weigh on euro area growth". In Asia, Hong Kong and Shanghai both tumbled as investors were unimpressed with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy. President Xi Jinping and other key leaders said at the annual Central Economic Work Conference they would implement a "moderately loose" monetary policy, increase social financing and reducing interest rates "at the right time". The gathering came after Beijing in September began unveiling a raft of policies to reverse a growth slump that has gripped the economy for almost two years. "We're still not convinced that policy support will prevent the economy from slowing further next year", said Julian Evans-Pritchard, head of China economics at research group Capital Economics. Among individual equities, chip company Broadcom surged nearly 25 percent after reporting a 51 percent jump in quarterly revenues to $14.1 billion behind massive growth in AI-linked business. New York - Dow: DOWN 0.2 percent at 43,828.06 (close) New York - S&P 500: FLAT at 6,051.09 (close) New York - Nasdaq Composite: UP 0.1 percent at 19,926.72 (close) London - FTSE 100: DOWN 0.1 percent at 8,300.33 (close) Paris - CAC 40: DOWN 0.2 percent at 7,409.57 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,405.92 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 39,470.44 (close) Hong Kong - Hang Seng Index: DOWN 2.1 percent at 19,971.24 (close) Shanghai - Composite: DOWN 2.0 percent at 3,391.88 (close) Euro/dollar: UP at $1.0504 from $1.0467 on Thursday Pound/dollar: DOWN at $1.2622 from $1.2673 Dollar/yen: UP at 153.60 yen from 152.63 yen Euro/pound: UP at 83.19 pence from 82.59 pence Brent North Sea Crude: UP 1.5 percent at $74.49 per barrel West Texas Intermediate: UP 1.8 percent at $71.29 per barrel burs-jmb/stJPMorgan European Discovery ( LON:JEDT – Get Free Report ) shares shot up 0.3% on Friday . The company traded as high as GBX 441.50 ($5.53) and last traded at GBX 439.50 ($5.51). 374,867 shares traded hands during trading, a decline of 60% from the average session volume of 934,297 shares. The stock had previously closed at GBX 438 ($5.49). JPMorgan European Discovery Stock Performance The company has a market cap of £526.83 million, a PE ratio of 1,690.38 and a beta of 1.24. The company has a debt-to-equity ratio of 9.50, a quick ratio of 1.00 and a current ratio of 6.01. The firm’s 50 day moving average is GBX 459.30 and its 200-day moving average is GBX 462.99. Insider Activity at JPMorgan European Discovery In other news, insider James Will acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of GBX 447 ($5.60) per share, for a total transaction of £44,700 ($56,036.10). Insiders own 3.56% of the company’s stock. JPMorgan European Discovery Company Profile JPMorgan European Smaller Companies Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors. Read More Receive News & Ratings for JPMorgan European Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan European Discovery and related companies with MarketBeat.com's FREE daily email newsletter .Where Will GE Aerospace Be in 4 Years?

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