1 2 Bhubaneswar: With Christmas around the corner, markets in Bhubaneswar are alive with festive fervour as shoppers throng these markets to prepare for the New Year celebrations. Starting from decorative items to baking essentials, everything is in high demand. Several malls and shopping complexes in the city have been transformed into winter wonderlands, adorned with sparkling lights, Christmas trees, and themed decorations. Adding to the excitement are musical shows, Santa Claus meet-and-greet sessions, and reindeer displays, which are drawing revellers in large numbers. "Every year, we wait for this time to deck up our homes and prepare special cakes and treats. The energy in the markets is so contagious, as it truly feels like the spirit of Christmas. The best thing about the festival is that it is not limited to any particular community," said Rosy Digal, a homemaker busy shopping at the Christmas market at Unit-1. Shops selling decorative items and baking supplies are seeing brisk business. Items like ornaments, streamers, baubles, fairy lights, wreaths, stockings, and artificial Christmas trees are selling like hotcakes. Baking accessories, especially cake molds and frosting kits, are also in high demand. However, customers said the prices of all items increased significantly compared to last year. "No doubt the variety of decorative items in the market is more than last year, so are the prices. Christmas tree prices start from Rs 700 to 1000, while other decorative items are almost double. Since children are insisting on decorating the home and tree during Christmas and New Year, I got some," said Namrata Das, a shopper. Shopkeepers said the quality and variety of items are better than last year. "Some of the decorative items are of very good quality. We have Christmas trees with inbuilt LED lights and sensory lights. The stuff is long-lasting and of good quality, so the price is a little higher," said Kartik Swain, adding that the rise in prices is not a dampener. Malls and market complexes across the city have become hubs of activity. "We have organised daily events, including carol singing and Santa Claus visits, to bring the community together and spread holiday cheer. The response has been overwhelming, especially from children who are excited to meet Santa and pose for pictures," said the manager of a prominent mall in Rasulgarh. With the festive season in full swing, hotels and restaurants are also gearing up to host special Christmas dinners and parties. Chef Rahul Panda, who is preparing a Christmas-themed menu for a city-based restaurant, said, "We are planning everything from roast turkey to plum cakes to ensure a memorable culinary experience for our guests."
The story so far: Last week, the U.S. Department of Justice charged two officials of a renewable energy company listed in the U.S. in connection with a bribery scheme allegedly perpetrated by Gautam Adani , chairman of the Adani Group, and his associates including his nephew Sagar Adani. Several officials of an Adani Group company have been accused of bribing government officials in various Indian States to receive business favours. What followed the revelations? Shares of various Adani Group companies dropped sharply; they have recovered most of their losses in the last week after Adani Green Energy Ltd. (AGEL) filed its first response to stock exchanges, denying the bribery charges pressed by the American market regulator. The Adani Group has claimed that the allegations of bribery cost the group’s listed companies a loss of $55 billion in market value. The conglomerate had notably lost more than $150 billion in market value last year after fraud allegations made by U.S. short-seller Hindenburg Research. Are lenders likely to review plans? The latest bribery allegations are likely to make it harder for the Adani Group to raise funds from overseas investors, which means the company may have to rely more on domestic investors for its financing needs. Local lenders, including Indian banks that currently lend to the Adani Group, too may review their exposure to the group. The State Bank of India, which is the largest lender to the Adani Group among Indian banks, is exposed with loans worth ₹33,800 crore. While this represents less than 1% of the bank’s total loan book, a Reuters report on Thursday contended that SBI has said it will be cautious about disbursals to the Adani Group. The bank will however, continue funding for projects nearing completion. How have rating agencies responded? Fitch Ratings, Moody’s and S&P Global took negative rating actions on Adani firms this week. As The Hindu reported, citing governance risks for its rating action, Moody’s said there could be a broader credit impact from AGEL’s crisis on group firms “given Gautam Adani’s prominent role as chairman of each of the rated entities or their parent companies as well as the controlling shareholder.” Fitch Ratings also took negative rating actions on the Adani Group’s infrastructure entities. S&P Global Ratings lowered its outlook on three Adani Group entities to negative, pointing at risks to funding access following the U.S. indictment. AGEL had to shelve a $600 million bond issue as a result. What are the allegations? The U.S. DOJ alleges that the AGEL promoter and senior officials paid bribes worth $265 million to officials in Andhra Pradesh, Chhattisgarh, Odisha, Tamil Nadu, and Jammu and Kashmir for the sale of renewable energy produced by AGEL. It is alleged that these bribes were paid so that State power distribution companies (DISCOMS) would purchase eight gigawatts worth of energy from AGEL’s renewable energy project. AGEL had won the right to sell renewable energy to interested buyers through the Solar Energy Corporation of India (SECI), a public sector unit owned by the Centre. It is alleged that DISCOMS were unwilling to purchase power from AGEL due to the high price quoted. Hence, bribes were paid by Adani Group officials to prod State government officials to purchase power at prices favourable to the Adani Group. Azure Power Energy Ltd., a New Delhi-headquartered energy company listed in the U.S. and whose officials have been indicted for bribery by the DOJ, is also alleged to have colluded with AGEL officials to bribe State officials. What are the implications? Allegations against AGEL officials could lead to higher costs of capital for the Group and also affect its profitability. However, the allegations may have no impact if lenders were already implicitly aware of potential corrupt practices and factored this in while making their lending decisions. The charges against AGEL have also raised doubts about the Centre’s policy goal of boosting the nation’s renewable energy capacity to 500 gigawatts by 2030. The Centre has been prodding State governments to increase renewable energy adoption through Renewable Purchase Obligations which obligate States to purchase a certain minimum amount of their power from renewable energy sources. However, State DISCOMS have been reluctant to follow the mandate as they are already financially burdened and lack the infrastructure to source and distribute renewable energy. Some analysts also note that governments often renege on their guarantee to purchase energy from renewable energy companies. Some of the companies resort to illegal means, including bribery, to sell power. Published - December 01, 2024 03:30 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit A ‘bribery scheme’ to bag lucrative solar power contracts The Hindu Explains / crime, law and justice / corruption & briberyHENDERSON, Nev. (AP) — Aidan O'Connell might not be Mr. Right for the Raiders, but he is Mr. Right Now. He did enough in Friday's 19-17 loss at Kansas City to show that Las Vegas' quarterback job will be his for the rest of the season — barring, that is, another injury. O'Connell didn't look like a quarterback who hadn't played in nearly six weeks because of a broken thumb . Plus, the Raiders had a short week to prepare for the Chiefs, meaning O'Connell only went through a series of walk-through practices. Even so, he completed 23 of 35 passes for 340 yards, including touchdown passes of 33 yards to tight end Brock Bowers and 58 yards to wide receiver Tre Tucker. He didn't throw any interceptions. “Thought he competed,” coach Antonio Pierce said Saturday morning. “I thought for what we knew we were getting with Spags (Kansas City defensive coordinator Steve Spagnuolo) and that defense, that he stood in the pocket, made some tough throws, took some hits, took the shots down the field like we wanted. We had some opportunities to take shots down the field, he threw them. And I thought our skill guys did a hell of a job competing and making some really good plays for us.” O'Connell's performance would've shined even more if not for the Raiders' final offensive play. He led the Raiders from their 8-yard line to the Chiefs 32 with 15 seconds left. The plan was for O'Connell to take the snap and throw the ball away to run off a few more seconds, then send Daniel Carlson out for the potential winning field goal without giving Patrick Mahomes enough time to mount one of his signature comebacks. But rookie center Jackson Powers-Johnson snapped the ball before O'Connell was expecting it, and the Chiefs recovered to secure another close, last-minute victory. The Raiders were called for illegal shift, which Kansas City declined. But there was some question about whether officials intended to call a false start instead. Though that infraction would have cost Las Vegas 5 yards, the pre-snap penalty still would've given Carlson a shot at the field goal. Pierce said his team heard an official's whistle before the snap, and that will be included in the Raiders' report to the NFL. “We do that every game,” Pierce said. “Typically, anywhere from three to five questions, and then we’ll get a letter within 24 to 36 hours, and we’ll read it and learn from it.” What’s working Bowers had another sensational game. He was targeted 14 times, catching 10 passes for 140 yards. For the season, he has 84 receptions for 884 yards and four TDs, making him a strong contender for Offensive Rookie of the Year. “We’re seeing double-teams and them really shifting their zone to him, and I don’t really think it matters,” Pierce said. “I think we've got a really special player on our hand.” What needs help The Raiders need to do better on first and second downs to set up more favorable third-down conversions. They have faced 47 third downs from 7 to 10 yards, tied with the Dallas Cowboys for fifth most. Las Vegas' conversion rate on those plays is 36.2%, which actually is favorable compared to the rest of the league, but the Raiders are still creating too many of those situations. Stock up Las Vegas made life difficult for Mahomes, sacking him five times. And it wasn't just Maxx Crosby bringing the heat. Four players had at least one-half sack, including K’Lavon Chaisson, who had 1 1/2. It was a season-high total for the Raiders, and they have taken down the opposing quarterback in 30 consecutive games, the third-longest active streak. Stock down Carlson is usually money, but he missed field goals from 56, 55 and 58 yards. Hardly chip shots, but he is capable of converting from those distances. He had made 30 of 38 field goals from 50-plus yards entering the game, with a career long of 57 yards. Injuries WR DJ Turner injured his knee in the second half. Key number 12 — The Raiders are one of three teams to fall behind double digits in each of their first 12 games of a season. The others were the 1986 Indianapolis Colts and 1972 New England Patriots. Next steps The Raiders visit Tampa Bay on Dec. 8. ___ AP NFL: https://apnews.com/hub/nfl Mark Anderson, The Associated Press
LAS VEGAS (AP) — The Broncos are 0-4 in Las Vegas, but in a matchup of teams heading in opposite directions, Denver has more at stake than trying to end a series skid. A victory over the Raiders puts the Broncos that much closer to an unexpected playoff berth, playing with a rookie quarterback and just a year after they went 8-9. The Broncos are 6-5 and coming off a , and would be in the playoff field if the season ended entering Week 12. Not bad for a team given a win total of 5 1/2 games at BetMGM Sportsbook. “Everyone understands the significance of where we are at this point in the season,” Broncos wide receiver Courtland Sutton said. The situation is quite different for the Raiders. They are 2-8, on a six-game losing streak and decimated by injuries. Las Vegas could enter this game without its top two running backs and a reshuffled line on offense, and defensively, the Raiders could have two linemen, three cornerbacks and a safety out of action. “Just been having some bad breaks, but nobody feels sorry for us,” Raiders coach Antonio Pierce said. "Nobody feels sorry for me. You’ve got to roll out there with 11 players, and that’s what we’re going to do come Sunday.” The Raiders are badly in a need of a franchise quarterback and are in a logjam for the top pick in next year's NFL draft. Denver showed with this year's draft how valuable landing such a QB can be to an organization. — one spot ahead of the Raiders — and he is pushing for AP Offensive Rookie of the Year. He was this week's top AFC player and rookie after completing 28 of 33 passes for 307 yards and four touchdowns in the rout of the Falcons. “I think as we’ve gone on, Coach (Sean Payton) and I have found a good rhythm of what we both like, what we can kind of put out there on the field and what we can execute," Nix said. "Then the guys have kind of adapted to it, found our roles within the offense and executed at a high level. It’s just all about slowing the game down and processing things in a manner that you can handle.” Nix's competition? Raiders tight end Brock Bowers also could have a say in who wins the season's top offensive rookie award. He is second in the NFL with 70 catches and his 706 yards receiving is 10th among all receivers. His numbers from a historical perspective are even more impressive. Bowers, the , is fourth all time among all tight ends in catches through the first 11 weeks and he and Jeremy Shockey in 2002 are the only rookies at that position to have more than one game with at least 10 receptions. “This week's a brand new week,” Bowers said. “I've always got something to prove.” Crowded backfield Payton still isn't entirely comfortable splitting carries between running backs Javonte Williams, Jaleel McLaughlin and rookie Audric Estime. Asked how he determines the right balance in his rotation, Payton said, “That's the $6 million question. It’s difficult. We know kind of what we have with those three players. I think it’s always hard to feed three. "I'm used to — and it’s easy — to feed two. So we kind of do that a little bit. I thought Javonte had some really good runs (last week). Certainly the game ends and we’re like, ‘Gosh, we have to get Jaleel more touches.’ So it’s a tough, but a good problem to have.” Starting mindset With injuries to running backs Alexander Mattison (ankle) and Zamir White (quadriceps), 10-year veteran Ameer Abdullah could get the start for the Raiders this weekend. He has just 17 carries for 82 yards and a touchdown this season and started just one game his previous six seasons. “I see myself as a starter,” Abdullah said. “I think every guy in the room does. I consider myself the best back on this team just like every back does. This is my opportunity to go out there and put my best foot forward.” Certain Surtain Patrick Surtain II had a pair of interceptions, including one he returned for 100 yards and a touchdown, in the team's first meeting this season and that fueled the . Both of the passes were intended for Bowers, who caught a 57-yard touchdown pass in the first quarter. Surtain isn't expecting the Raiders to avoid him Sunday, however. “You don't want to go into a game thinking they're not gonna throw it your way,” Surtain said, “because it's the pros at the end of the day, everybody's ready, everybody's capable.” ___ AP Pro Football Writer Arnie Stapleton in Englewood, Colorado, contributed to this report. ___ AP NFL: Mark Anderson, The Associated PressANNAPOLIS, Md. — No. 3 Nebraska finished with four individual champions and had finalists in seven of the 10 weight classes as the Huskers won the team title at the 12-team Navy Classic on Saturday. Nebraska finished with 150 points, while Oregon State was next with 130.5. Brock Hardy won a matchup of top-10 opponents at 141 pounds earned a 10-3 decision over ninth-ranked Joshua Koderhandt of Navy. NU’s other champions were Caleb Smith at 125, Antrell Taylor at 157 and Silas Allred at 184. Runners-up were Lenny Pinto at 174 and heavyweight Harley Andrews. At 165, Nebraska had both finalists in Bubba Wilson and Chris Minto. Nebraska is off until Dec. 6 when it competes in the Cliff Keen Invitational. Get local news delivered to your inbox!DAZN ADVANCES GLOBAL EXPANSION WITH ACQUISITION OF FOXTEL, A LEADING AUSTRALIAN SPORTS AND ENTERTAINMENT MEDIA GROUP
‘The smiling one’ Ruben Amorim says he can be ruthless when he needs to be
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The ( ) share price is pushing higher on Monday morning. At the time of writing, the telco giant's shares are up 0.5% to $4.00. This follows the release of a relating to the company's stake in the Foxtel business. Telstra share price higher on Foxtel news This morning, ( ) that it has signed an agreement with global sports streaming platform to sell its Foxtel business for an enterprise value of $3.4 billion. This transaction represents more than 7x FY 2024 Foxtel EBITDA. Under the terms of the agreement, shareholder loans in the amount of $578 million outstanding and owing to News Corp will be repaid in full in cash at closing. In addition, Foxtel's current debt will be refinanced at closing and transfer with Foxtel, and News Corp will hold a minority equity interest in DAZN Group of approximately 6% as well as one seat on its Board of Directors. Completion is expected in the first half of 2025. This is subject to regulatory approvals. What about Telstra? Telstra revealed that has agreed to divest its 35% stake in Foxtel to DAZN Group. The telco giant will receive $128 million in cash for repayment of shareholder loans. It will also hold a 3% shareholding in DAZN Group. Management advised that the transaction is not expected to have a material impact on Telstra's FY25 guidance. Nor will it impact its profit and loss for the current financial year. Telstra believes that the sale of Foxtel to DAZN represents an opportunity for the continued evolution of Foxtel's digital-first sports and entertainment offering within a global platform. A 'victory' for shareholders Commenting on the deal, Telstra's CEO, Vicki Brady, said: Now is the right time for this change. Foxtel is a world-class streaming service, and I look forward to its continued success under DAZN's ownership. This sentiment was echoed by News Corp's chief executive, Robert Thomson. He adds: This agreement is a victory for News Corp shareholders, DAZN, and sport fans in Australia and around the world. Foxtel has been transformed into a genuine digital and streaming leader in Australia, and we believe DAZN is the right owner to take the business to the next level with their technological capabilities, global footprint and compelling sports rights. This transaction also allows News Corp to focus on our other growth pillars of Dow Jones, Digital Real Estate and Book Publishing, while benefiting from repayment of our shareholder loans and an improved credit profile. We are proud to be a long-term partner of DAZN and its talented team. The Telstra share price is trading largely flat in 2024.
HENDERSON, Nev. (AP) — Aidan O'Connell might not be Mr. Right for the Raiders, but he is Mr. Right Now. Read this article for free: Already have an account? To continue reading, please subscribe: * HENDERSON, Nev. (AP) — Aidan O'Connell might not be Mr. Right for the Raiders, but he is Mr. Right Now. Read unlimited articles for free today: Already have an account? HENDERSON, Nev. (AP) — Aidan O’Connell might not be Mr. Right for the Raiders, but he is Mr. Right Now. He did enough in Friday’s 19-17 loss at Kansas City to show that Las Vegas’ quarterback job will be his for the rest of the season — barring, that is, another injury. O’Connell didn’t look like a quarterback who hadn’t played in nearly six weeks because of a broken thumb. Plus, the Raiders had a short week to prepare for the Chiefs, meaning O’Connell only went through a series of walk-through practices. Even so, he completed 23 of 35 passes for 340 yards, including touchdown passes of 33 yards to tight end Brock Bowers and 58 yards to wide receiver Tre Tucker. He didn’t throw any interceptions. “Thought he competed,” coach Antonio Pierce said Saturday morning. “I thought for what we knew we were getting with Spags (Kansas City defensive coordinator Steve Spagnuolo) and that defense, that he stood in the pocket, made some tough throws, took some hits, took the shots down the field like we wanted. We had some opportunities to take shots down the field, he threw them. And I thought our skill guys did a hell of a job competing and making some really good plays for us.” O’Connell’s performance would’ve shined even more if not for the Raiders’ final offensive play. He led the Raiders from their 8-yard line to the Chiefs 32 with 15 seconds left. The plan was for O’Connell to take the snap and throw the ball away to run off a few more seconds, then send Daniel Carlson out for the potential winning field goal without giving Patrick Mahomes enough time to mount one of his signature comebacks. But rookie center Jackson Powers-Johnson snapped the ball before O’Connell was expecting it, and the Chiefs recovered to secure another close, last-minute victory. The Raiders were called for illegal shift, which Kansas City declined. But there was some question about whether officials intended to call a false start instead. Though that infraction would have cost Las Vegas 5 yards, the pre-snap penalty still would’ve given Carlson a shot at the field goal. Pierce said his team heard an official’s whistle before the snap, and that will be included in the Raiders’ report to the NFL. “We do that every game,” Pierce said. “Typically, anywhere from three to five questions, and then we’ll get a letter within 24 to 36 hours, and we’ll read it and learn from it.” What’s working Bowers had another sensational game. He was targeted 14 times, catching 10 passes for 140 yards. For the season, he has 84 receptions for 884 yards and four TDs, making him a strong contender for Offensive Rookie of the Year. “We’re seeing double-teams and them really shifting their zone to him, and I don’t really think it matters,” Pierce said. “I think we’ve got a really special player on our hand.” What needs help The Raiders need to do better on first and second downs to set up more favorable third-down conversions. They have faced 47 third downs from 7 to 10 yards, tied with the Dallas Cowboys for fifth most. Las Vegas’ conversion rate on those plays is 36.2%, which actually is favorable compared to the rest of the league, but the Raiders are still creating too many of those situations. Stock up Las Vegas made life difficult for Mahomes, sacking him five times. And it wasn’t just Maxx Crosby bringing the heat. Four players had at least one-half sack, including K’Lavon Chaisson, who had 1 1/2. It was a season-high total for the Raiders, and they have taken down the opposing quarterback in 30 consecutive games, the third-longest active streak. Stock down Carlson is usually money, but he missed field goals from 56, 55 and 58 yards. Hardly chip shots, but he is capable of converting from those distances. He had made 30 of 38 field goals from 50-plus yards entering the game, with a career long of 57 yards. Injuries WR DJ Turner injured his knee in the second half. Key number Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. 12 — The Raiders are one of three teams to fall behind double digits in each of their first 12 games of a season. The others were the 1986 Indianapolis Colts and 1972 New England Patriots. Next steps The Raiders visit Tampa Bay on Dec. 8. ___ AP NFL: https://apnews.com/hub/nfl Advertisement AdvertisementSmall-cap stocks on verge of ending 3 years of futility with record run — if it holds
Daniel Berger needs a solid finish Sunday. Kevin C. Cox/Getty Images The 2024 RSM Classic concludes Sunday morning with the final round at Sea Island’s Seaside course in Georgia. You can find full 2024 RSM Classic tee times for Sunday’s final round at the bottom of this post. Featured tee time for Round 4 With one round to go at Sea Island’s Seaside course , there’s a tie at the top of two players seeking their first PGA Tour victory. One is Maverick McNealy who was the early story of the tournament after a sizzling first-round 62 as the former Standford star looks to breakthrough in the last event of his fifth PGA Tour season. The other player tied at 14 under is another 29-year-old looking for his first win is Vince Whaley, who grew up in Texas playing against the likes of Jordan Spieth and Scottie Scheffler. Whaley and McNealy will go off in Sunday’s final grouping with Daniel Berger, who is contending for the first time after missing two seasons at 11:06 a.m. ET. Berger needs a solid finish to bump up into the top 125 and not need to rely on a possible major medical exemption next season. You can watch Sunday’s finalround of the 2024 RSM Classic on Golf Channel starting at 1 p.m. ET. You can also stream a live simulcast of the third round via NBCSports.com or the NBC Sports App with an active cable subscription. You can check out the complete Round 4 tee times for the 2024 RSM Classic below. 2024 RSM Classic tee times for Sunday: Round 4 (ET) Seaside Course – Tee No. 1 9:05 a.m. – Denny McCarthy, Andrew Novak, Sam Stevens 9:16 a.m. – Chandler Phillips, Austin Eckroat, Callum Tarren 9:27 a.m. – Ryo Hisatsune, Bud Cauley, Ben Griffin 9:38 a.m. – Brandon Wu, Kevin Chappell, Mark Hubbard 9:49 a.m. – Patrick Rodgers, Adrien Dumont de Chassart, J.T. Poston 10:00 a.m. – Hayden Springer, Robby Shelton, Joe Highsmith 10:11 a.m. – Kevin Yu, Martin Laird, Henrik Norlander 10:22 a.m. – Steven Fisk, Will Gordon, Paul Peterson 10:33 a.m. – Michael Kim, Stewart Cink, Joseph Bramlett 10:44 a.m. – Luke Clanton (a), Lee Hodges, Nico Echavarria 10:55 a.m. – Mackenzie Hughes, Michael Thorbjornsen, Patrick Fishburn 11:06 a.m. – Vince Whaley, Maverick McNealy, Daniel Berger Tee No. 10 9:05 a.m. – Austin Smotherman, Kelly Kraft, S.Y. Noh 9:16 a.m. – Taylor Montgomery, Kevin Tway, Harris English 9:27 a.m. – Adam Schenk, Eric Cole, Ludvig Aberg 9:38 a.m. – Davis Thompson, Christo Lamprecht, Adam Hadwin 9:49 a.m. – Matt Wallace, Brian Harman, Jonathan Byrd 10:00 a.m. – Taylor Moore, Lucas Glover, William McGirt 10:11 a.m. – Martin Trainer, Blake McShea, Marcus Byrd 10:22 a.m. – Doug Ghim, S.H. Kim, Russell Knox 10:33 a.m. – Joel Dahmen, Garrick Higgo, Carson Young 10:44 a.m. – Adam Svensson, Philip Knowles, Lanto Griffin 10:55 a.m. – Tyson Alexander, Patton Kizzire, Jake Knapp Latest In News Golf.com Editor Jack Hirsh is the Associate Equipment Editor at GOLF. A Pennsylvania native, Jack is a 2020 graduate of Penn State University, earning degrees in broadcast journalism and political science. He was captain of his high school golf team and recently returned to the program to serve as head coach. Jack also still *tries* to remain competitive in local amateurs. Before joining GOLF, Jack spent two years working at a TV station in Bend, Oregon, primarily as a Multimedia Journalist/reporter, but also producing, anchoring and even presenting the weather. He can be reached at jack.hirsh@golf.com .A 20-Something’s Fall Weekend Guide To Gatlinburg, TN
Bangladesh’s Vision 2041 takes centre stage in Doha
Amazon and Starbucks workers are on strike. Trump might have something to do with it Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. Strikes during busy periods like the holidays can help unions exercise leverage during negotiations or garner support from sympathetic consumers. One expert says he thinks workers at both companies are “desperate” to make progress before President-elect Donald Trump can appoint a Republican majority to the National Labor Relations Board. Workers at Starbucks, Amazon and some other prominent consumer brands are fighting for their first contracts after several locations voted to unionize. Bluesky finds with growth comes growing pains — and bots Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter and was eventually intended to replace it. While this is still very much a pie in the sky, Bluesky’s growth trajectory could make it a serious competitor to other social platforms. With growth, though, comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. Party City to close its stores as company files for bankruptcy LOS ANGELES (AP) — Party City announced that it's going to “wind down” its retail and wholesale operations as it prepares to shutter nearly 700 stores nationwide. The company said Saturday it has also filed for Chapter 11 bankruptcy protection "to maximize value for the benefit of the company’s stakeholders.” The New Jersey-based retailer said it will keep more than 95% of its 12,000 employees to help with the process of closing down. Customers have flocked to Party City for Halloween costumes, favors for children’s birthday parties and decorations for New Year’s Eve celebrations for nearly 40 years. It has faced growing competition from Walmart and Target and from occasion-based pop-up stores such as Spirit Halloween. A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. Most people shouldn't get their hopes up about receiving the cash. The IRS says it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns after missing one of the COVID stimulus payments or receiving less than the full amount. The IRS says most taxpayers eligible for the federal stimulus payments received them. 'Sonic 3' bests 'Mufasa: The Lion King' at the box office NEW YORK (AP) — In the holiday season battle of big-budget family movies, Paramount Pictures’ “Sonic the Hedgehog 3” sped past the Walt Disney Co.’s “Mufasa: The Lion King” to take the top spot at the box office. The results came just ahead of the lucrative Christmas corridor in theaters. According to studio estimates, “Sonic the Hedgehog 3” debuted with $62 million in ticket sales over the weekend. “Mufasa,” however, was humbled in its opening weekend, coming in notably shy of expectations. It returned just $35 million in domestic ticket sales. Farmers are still reeling months after Hurricane Helene ravaged crops across the South LYONS, Ga. (AP) — Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber. Agribusinesses in other Southern states saw costly damage as well. The University of Georgia estimates the September storm inflicted $5.5 billion in direct losses and indirect costs in Georgia alone. In rural Toombs County, Chris Hopkins just finished harvesting his ravaged cotton crop and figures he lost half of it, costing him about $430,000. Poultry grower Jeffrey Pridgen in Georgia's Coffee County had four of his 12 chicken houses destroyed and others badly damaged. Farmers say more government disaster assistance is needed. Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT and later said he believed those practices violated copyright law, has died, according to his parents and San Francisco officials. He was 26. He was well-regarded by colleagues at the San Francisco company, where a co-founder this week called him one of OpenAI’s strongest contributors who was essential to developing some of its products. But he grew disillusioned with the company and told The Associated Press this fall he would “try to testify” in copyright infringement cases against it. Federal Reserve's preferred inflation gauge shows price pressures eased last month WASHINGTON (AP) — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Prices rose just 0.1% from October to November. Excluding the volatile food and energy categories, prices also ticked up just 0.1%, after two months of outsize 0.3% gains. The milder inflation figures arrived two days after Federal Reserve officials, led by Chair Jerome Powell, rocked financial markets by revealing that they now expect to cut their key interest rate just two times in 2025, down from four in their previous estimate. Albania to close TikTok for a year blaming it for promoting violence among children TIRANA, Albania (AP) — Albania’s prime minister says the government will shut down video service TikTok for one year, blaming it for inciting violence and bullying, especially among children. Albanian authorities held 1,300 meetings with teachers and parents following the stabbing death of a teenager in mid-November by another teenager following a quarrel that started on TikTok. Prime Minister Edi Rama, speaking at a meeting with teachers and parents, said TikTok “would be fully closed for all. ... There will be no TikTok in the Republic of Albania.” Rama says the ban will begin sometime next year. Albanian children comprise the largest group of TikTok users in the country, according to domestic researchers. Stock market today: Wall Street rises to turn a dismal week into just a bad one NEW YORK (AP) — U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. A report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than expected. It’s an encouraging signal after the Fed shocked markets Wednesday by saying worries about inflation could keep it from cutting interest rates in 2025 as much as earlier thought.
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