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NEW DELHI: The Adani Group, that operates airports in seven cities, including Mumbai and is building a greenfield one at Navi Mumbai, is expanding its presence in the aviation space. It is acquiring India's biggest private sector MRO (maintenance, repair & overhaul) player Air Works for an enterprise value of Rs 400 crore. Adani Defence Systems & Technologies has signed an agreement to buy 85.8% stake in Air Works, which does line maintenance, heavy checks, among others for its Indian and global customers. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Nagpur: Congress and NCP (SP) faced setbacks in Maharashtra’s Vidarbha region, with party candidates losing from the Saoner and Katol assembly seats in Nagpur district. Congress leader and former minister Sunil Kedar’s wife, Anuja Kedar, lost to BJP’s Ashish Deshmukh by 26,401 votes in the Saoner assembly seat. Deshmukh polled 1,19,725 votes, while Anuja Kedar bagged 93,324. Sunil Kedar represented Saoner, a Congress stronghold, four times since 2004. However, he could not contest the elections due to his conviction in the Nagpur District Central Cooperative Bank scam. BJP candidate Ashish Deshmukh is the son of two-time MLA Ranjit Deshmukh. He had unsuccessfully fought against Sunil Kedar in the 2009 assembly elections. Ashish Deshmukh, a former MLA from the Katol constituency, had defeated undivided NCP’s Anil Deshmukh in 2014 on a BJP ticket. This time, the saffron party fielded him from Saoner. The Congress’s MVA ally, NCP (SP), faced an upset in the Katol assembly seat, where its candidate and former minister Anil Deshmukh’s son Salil lost to BJP’s Charansingh Thakur. Thakur secured 1,04,338 votes against Salil Deshmukh’s 65,522 votes. In 2019, Anil Deshmukh won the seat by defeating Thakur by 17,057 votes.Holgorsen says he plans to coach Huskers through bowl game, TBD beyond thatPatriots coach Jerod Mayo believes narrow loss to Bills shows potential of his young team
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Old friends Corey Conners and Brooke Henderson usually have to keep tabs on each other from afar, but this week they’ll get to see one another up close. Conners and Henderson will team up once again at the Grant Thornton Invitational, a unique event where some of the best golfers from the PGA and LPGA Tours compete as pairs. The tournament is quickly becoming an annual reunion for the two graduates of Golf Canada’s junior program. “Since turning professional, our careers have gone separate ways, and we haven’t been able to cross paths too much,” said Conners, who finished the men’s season 39th on the FedEx Cup standings. “I’m always cheering her on from afar, and always have my eye on the LPGA Tour leaderboard when she’s playing.” Henderson, likewise, has been keeping tabs on Conners’s exploits. “It’s just been really fun to watch his career and cheer him on,” said Henderson, who finished 13th in the women’s tour’s rankings. “I think this event has reconnected us, in a way, and it’s been really special and great to be able to know his family and just to watch this game and be his partner here is really cool.” Both were on Team Canada back in 2013 when they won the Copa de las Americas along with Albin Choi and Augusta James. Conners and Henderson also represented Canada at the last two Olympics but due to COVID-19 restrictions they didn’t get to interact at the Tokyo Games in 2021. The men’s and women’s tournaments were on different weeks at the Paris Games this past summer. The two Canadians finished second at the inaugural Grant Thornton Invitational last year with a combined score of 25 under, a shot behind New Zealand’s Lydia Ko and Australia’s Jason Day. “It’s been great to be able to share some experiences like the Olympics and this event last year and spending more time together has been awesome,” said Conners, who is from Listowel, Ont. “She’s this amazing person, amazing golfer, and a fun partner at this event.” The stacked leaderboard will see 16 pairs tee off on Friday at Tiburon Golf Club in Naples, Fla. American Tony Finau withdrew from the event on Wednesday afternoon. He was replaced as top-ranked Nelly Korda’s partner by Daniel Berger. “I feel like we make a great team, and I’m excited for Friday to tee it up and hopefully make some birdies and be inspired by (Conners’s) great shots,” said Henderson, who is from Smiths Falls, Ont. PGA TOUR — Six Canadians are vying for a PGA Tour card at the PGA Tour Q-School this week. Roger Sloan of Merritt, B.C., Edmonton’s Wil Bateman, Myles Creighton of Digby, N.S., Toronto’s Sebastian Szirmak, as well as Matthew Anderson and Sudarshan Yellamaraju of Mississauga, Ont., will all be in the field at Dye’s Valley Course and Sawgrass Country Club in Ponte Vedra Beach, Fla., this week. LPGA TOUR — Hamilton’s Alena Sharp and Maude-Aimee Leblanc of Sherbrooke, Que., both earned full status on the LPGA Tour for 2025 after solid showings at the final qualifying stage of the Q-Series on Monday. Sharp tied for 21st at 7 under and Leblanc tied for 24th at 6 under. The top 25 finishers in the tournament earned their status. GOLFZON TOUR — A team of five golfers from the Greater Toronto Area will be competing in the GOLFZON Tour, a golf simulator league that features 12 teams from North America and the United Kingdom. Team Toronto will play its GOLFZON Tour quarterfinal match at a Golfplay location in Waterloo, Ont., on the virtual Old Course at St. Andrews against Team Orlando on Dec. 19. This report by The Canadian Press was first published Dec. 11, 2024. John Chidley-Hill, The Canadian Press
US: Republicans condemn ICC arrest warrants for Israeli leaders, Democrats keep quietA Beginner’s Guide to Successful B2B Event PlanningJERUSALEM (AP) — Israel approved a United States-brokered ceasefire agreement with Lebanon's Hezbollah on Tuesday that would end nearly 14 months of fighting linked to the war in the Gaza Strip. The ceasefire would mark the first major step toward ending the regionwide unrest triggered by Hamas’ attack on Israel on Oct. 7, 2023. But it does not address the devastating war in Gaza, where Hamas is still holding dozens of hostages and the conflict is more intractable. Hours before the ceasefire with Hezbollah was to take effect, Israel carried out the most intense wave of strikes in Beirut and its southern suburbs since the start of the conflict and issued a record number of evacuation warnings. At least 24 people were killed in strikes across the country, according to local authorities, as Israel signaled it aims to pummel Hezbollah before the ceasefire takes hold at 4 a.m. local time on Wednesday. Another huge airstrike shook Beirut shortly after the ceasefire was announced. There appeared to be some lingering disagreement over whether Israel would have the right to strike Hezbollah if it believed the militants had violated the agreement, something Prime Minister Benjamin Netanyahu insisted was part of the deal but which Lebanese and Hezbollah officials have rejected. Israel's security Cabinet approved the ceasefire agreement after it was presented by Netanyahu, his office said. U.S. President Joe Biden, speaking in Washington, called the agreement “good news” and said his administration would make a renewed push for a ceasefire in Gaza. U.S. President-elect Donald Trump has vowed to bring peace to the Middle East without saying how. The Biden administration spent much of this year trying to broker a ceasefire and hostage release in Gaza but the talks repeatedly sputtered to a halt . Still, any halt to the fighting in Lebanon is expected to reduce the likelihood of war between Israel and Iran, which backs both Hezbollah and Hamas and exchanged direct fire with Israel on two occasions earlier this year. Netanyahu presented the ceasefire proposal to Cabinet ministers after a televised address in which he listed a series of accomplishments against Israel’s enemies across the region. He said a ceasefire with Hezbollah would further isolate Hamas in Gaza and allow Israel to focus on its main enemy, Iran, which backs both groups. “If Hezbollah breaks the agreement and tries to rearm, we will attack,” he said. “For every violation, we will attack with might.” The ceasefire deal calls for a two-month initial halt in fighting and would require Hezbollah to end its armed presence in a broad swath of southern Lebanon, while Israeli troops would return to their side of the border. Thousands of additional Lebanese troops and U.N. peacekeepers would deploy in the south, and an international panel headed by the United States would monitor all sides’ compliance. Biden said Israel reserved the right to quickly resume operations in Lebanon if Hezbollah breaks the terms of the truce, but that the deal "was designed to be a permanent cessation of hostilities.” Netanyahu’s office said Israel appreciated the U.S. efforts in securing the deal but “reserves the right to act against every threat to its security.” Lebanon’s caretaker Prime Minister Najib Mikati welcomed the ceasefire and described it as a crucial step toward stability and the return of displaced people. Hezbollah has said it accepts the proposal, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state," he said, referring to Israel's demand for freedom of action. “Any violation of sovereignty is refused.” Even as ceasefire efforts gained momentum in recent days, Israel continued to strike what it says are Hezbollah targets across Lebanon as the militants fired rockets, missiles and drones across the border. An Israeli strike on Tuesday leveled a residential building in central Beirut — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded, according to Lebanon's Health Ministry. Strikes on Beirut's southern suburbs killed at least one person and wounded 13, it said. Three people were killed in a separate strike in Beirut and three in a strike on a Palestinian refugee camp in southern Lebanon. Lebanese state media said another 10 people were killed in the eastern Baalbek province. Israel says it targets Hezbollah fighters and their infrastructure. Israel also struck a building in Beirut's bustling commercial district of Hamra for the first time, hitting a site that is around 400 meters (yards) from Lebanon’s Central Bank. There were no reports of casualties. The Israeli military said it struck targets in Beirut and other areas linked to Hezbollah's financial arm. The evacuation warnings covered many areas, including parts of Beirut that previously have not been targeted. The warnings, coupled with fear that Israel was ratcheting up attacks before a ceasefire, sent residents fleeing. Traffic was gridlocked, and some cars had mattresses tied to them. Dozens of people, some wearing their pajamas, gathered in a central square, huddling under blankets or standing around fires as Israeli drones buzzed loudly overhead. Israeli military spokesman Avichay Adraee issued evacuation warnings for 20 buildings in Beirut's southern suburbs, where Hezbollah has a major presence, as well as a warning for the southern town of Naqoura where the U.N. peacekeeping mission, UNIFIL, is headquartered. UNIFIL spokesperson Andrea Tenenti told The Associated Press that peacekeepers will not evacuate. The Israeli military also said its ground troops clashed with Hezbollah forces and destroyed rocket launchers in the Slouqi area on the eastern end of the Litani River, a few kilometers (miles) from the Israeli border. Under the ceasefire deal, Hezbollah would be required to move its forces north of the Litani, which in some places is about 30 kilometers (20 miles) north of the border. Hezbollah began firing into northern Israel on Oct. 8, 2023, saying it was showing support for the Palestinians, a day after Hamas carried out its attack on southern Israel, triggering the Gaza war. Israel returned fire on Hezbollah, and the two sides have been exchanging barrages ever since. Israel escalated its campaign of bombardment in mid-September and later sent troops into Lebanon, vowing to put an end to Hezbollah fire so tens of thousands of evacuated Israelis could return to their homes. More than 3,760 people have been killed by Israeli fire in Lebanon the past 13 months, many of them civilians, according to Lebanese health officials. The bombardment has driven 1.2 million people from their homes. Israel says it has killed more than 2,000 Hezbollah members. Hezbollah fire has forced some 50,000 Israelis to evacuate in the country’s north, and its rockets have reached as far south in Israel as Tel Aviv. At least 75 people have been killed, more than half of them civilians. More than 50 Israeli soldiers have died in the ground offensive in Lebanon. Chehayeb and Mroue reported from Beirut. Associated Press reporters Lujain Jo and Sally Abou AlJoud in Beirut, and Aamer Madhani in Washington, contributed. Find more of AP’s war coverage at https://apnews.com/hub/israel-hamas-war
NoneFREMONT, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today issued comments regarding recent updates to U.S. export regulations. On December 2, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) imposed additional controls on exports to, and transfers within, the People’s Republic of China (“PRC”) relating to advanced integrated circuit (“IC”) products, certain IC manufacturing equipment and technology, and supercomputers associated with artificial intelligence (AI) and advanced computing. As part of the new regulations, among other updates, ACM Research (Shanghai), Inc. (“ACM Shanghai”) and its operating subsidiaries in China and Korea, were added to the Entity List published by BIS. Neither ACM, nor its direct subsidiaries outside of mainland China, were added to the Entity List. ACM is a Delaware corporation founded in California in 1998 to supply capital equipment developed for the global semiconductor industry. Since 2005, ACM has conducted its business operations principally through its subsidiary, ACM Shanghai, a limited liability corporation organized in the PRC. Based on public reports, 140 entities with semiconductor operations related to mainland China were added to the Entity List, 120 of which were semiconductor capital equipment suppliers. We note that neither ACM Shanghai nor its subsidiary was notified of any specific wrongdoing that resulted in its addition to the Entity List. We are assessing the potential impacts to our business and operational plans that may result from the new regulations. We believe the impact to our supply chain and the ability of ACM Shanghai to produce tools in the PRC will be minimized and manageable as a result of having alternative sources and suppliers. We do not anticipate an impact to the ability to sell, deliver and service products to customers outside of the PRC, however the potential impact on sales to our PRC customers will depend, in part, on the effect of the new regulations on their own spending plans. Consistent with prior years, we expect to issue a press release in January with preliminary results for 2024 and our initial revenue outlook for 2025. We will continue to focus on technology innovation for the global market and operate in compliance with all applicable laws and regulations. We are confident we can maintain our role as a key supplier of differentiated capital equipment to global customers and protect the interests of partners, employees, and investors as we navigate the ever-evolving geopolitical landscape. Forward-Looking Statements Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events. About ACM Research, Inc. ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com. © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, the trademark appears in this press release without TM symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners. For investor and media inquiries, please contact:
The Gunners delivered the statement Champions League victory their manager had demanded to bounce back from a narrow defeat at Inter Milan last time out. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track, lifting them to seventh place with 10 points in the new-look 36-team table. It was Arsenal’s biggest away win in the Champions League since beating Inter by the same scoreline in 2003. “For sure, especially against opposition we played at their home who have not lost a game in 18 months – they have been in top form here – so to play with the level, the determination, the purpose and the fluidity we showed today, I am very pleased,” said Arteta. “The team played with so much courage, because they are so good. When I’m watching them live they are so good! They were all exceptional today. It was a big performance, a big win and we are really happy. “The performance was there a few times when we have played big teams. That’s the level that we have to be able to cope and you have to make it happen, and that creates belief.” A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners took the lead after only seven minutes when Martinelli tucked in Jurrien Timber’s cross, and Saka teed up Havertz for a tap-in to double the advantage. Arsenal added a third on the stroke of half-time, Gabriel charging in to head Declan Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Viktor Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after David Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved. A miserable night for prolific Sporting striker Gyokeres was summed up when his late shot crashed back off the post.
Ahead of their Saturday night home game against Utah Hockey Club, the Pittsburgh Penguins activated forward Kevin Hayes from injured reserve. Hayes has missed the past eight games with an unspecified injury and last suited up Nov. 5 against the New York Islanders. In 14 games, the 32-year-old has three goals and one assist. Per coach Mike Sullivan, Hayes is a game-time decision vs. Utah. Hayes, acquired in the offseason from the St. Louis Blues, is in the penultimate year of a seven-year, $50-million deal signed in 2019 when he was a member of the Philadelphia Flyers. In 2023, Philadelphia retained half of Hayes’ $7,142,857 salary upon trading him to the Blues. Traded from St. Louis to the Penguins this past summer, general manager Kyle Dubas took on a salary cap hit of $3,571,429 to bring him aboard. In a corresponding transaction, 22-year-old forward Vasily Ponomarev was assigned to Wilkes-Barre/Scranton of the American Hockey League. Ponomarev, one of the key return pieces from the Carolina Hurricanes last March in the Jake Guentzel trade, made his Penguins debut Nov. 16 and has appeared in three NHL games, averaging 9 minutes, 12 seconds of ice time per contest. Ponomarev recorded no points. The Moscow, Russia, native is in the final year of an entry-level contract worth $795,000 annually. He likely was an attractive candidate in management’s eyes to clear roster space for Hayes’ return due to being exempt from waivers.
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