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GRAPEVINE, Texas, Dec. 10, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today released financial results for the third quarter ended November 2, 2024. The Company’s condensed and consolidated financial statements, including GAAP and non-GAAP results, are below. The Company’s Form 10-Q and supplemental information can be found at https://investor.gamestop.com . THIRD QUARTER OVERVIEW The Company will not be holding a conference call today. Additional information can be found in the Company’s Form 10-Q. NON-GAAP MEASURES AND OTHER METRICS As a supplement to the Company’s financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”), GameStop may use certain non-GAAP measures, such as adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share, adjusted EBITDA and free cash flow. The Company believes these non-GAAP financial measures provide useful information to investors in evaluating the Company’s core operating performance. Adjusted SG&A expenses, adjusted operating loss, adjusted net income (loss), adjusted earnings (loss) per share and adjusted EBITDA exclude the effect of items such as certain transformation costs, asset impairments, severance, as well as divestiture costs. Free cash flow excludes capital expenditures otherwise included in net cash flows provided by (used in) operating activities. The Company’s definition and calculation of non-GAAP financial measures may differ from that of other companies. Non-GAAP financial measures should be viewed as supplementing, and not as an alternative or substitute for, the Company’s financial results prepared in accordance with GAAP. Certain of the items that may be excluded or included in non-GAAP financial measures may be significant items that could impact the Company’s financial position, results of operations or cash flows and should therefore be considered in assessing the Company’s actual and future financial condition and performance. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon management’s current beliefs, views, estimates and expectations, including as to the Company’s industry, business strategy, goals and expectations concerning its market position, strategic and transformation initiatives, future operations, margins, profitability, sales growth, capital expenditures, liquidity, capital resources, expansion of technology expertise, and other financial and operating information, including expectations as to future operating profit improvement. Forward-looking statements are subject to significant risks and uncertainties and actual developments, business decisions, outcomes and results may differ materially from those reflected or described in the forward-looking statements. The following factors, among others, could cause actual developments, business decisions, outcomes and results to differ materially from those reflected or described in the forward-looking statements: economic, social, and political conditions in the markets in which we operate; the competitive nature of the Company’s industry; the cyclicality of the video game industry; the Company’s dependence on the timely delivery of new and innovative products from its vendors; the impact of technological advances in the video game industry and related changes in consumer behavior on the Company’s sales; interruptions to the Company’s supply chain or the supply chain of our suppliers; the Company’s dependence on sales during the holiday selling season; the Company’s ability to obtain favorable terms from its current and future suppliers and service providers; the Company’s ability to anticipate, identify and react to trends in pop culture with regard to its sales of collectibles; the Company’s ability to maintain strong retail and ecommerce experiences for its customers; the Company’s ability to keep pace with changing industry technology and consumer preferences; the Company’s ability to manage its profitability and cost reduction initiatives; turnover in senior management or the Company’s ability to attract and retain qualified personnel; potential damage to the Company’s reputation or customers' perception of the Company; the Company’s ability to maintain the security or privacy of its customer, associate or Company information; occurrence of weather events, natural disasters, public health crises and other unexpected events; risks associated with inventory shrinkage; potential failure or inadequacy of the Company's computerized systems; the ability of the Company’s third party delivery services to deliver products to the Company’s retail locations, fulfillment centers and consumers and changes in the terms the Company has with such service providers; the ability and willingness of the Company’s vendors to provide marketing and merchandising support at historical or anticipated levels; restrictions on the Company’s ability to purchase and sell pre-owned products; the Company’s ability to renew or enter into new leases on favorable terms; unfavorable changes in the Company’s global tax rate; legislative actions; the Company’s ability to comply with federal, state, local and international laws and regulations and statutes; potential future litigation and other legal proceedings; the value of the Company’s securities holdings; concentration of the Company’s investment portfolio into one or few holdings; the recognition of losses in a particular security even if the Company has not sold the security; volatility in the Company’s stock price, including volatility due to potential short squeezes; continued high degrees of media coverage by third parties; the availability and future sales of substantial amounts of the Company’s Class A common stock; fluctuations in the Company’s results of operations from quarter to quarter; the Company’s ability to incur additional debt; risks associated with the Company’s investment in marketable, nonmarketable and interest-bearing securities, including the impact of such investments on the Company’s financial results; and the Company’s ability to maintain effective control over financial reporting. Additional factors that could cause results to differ materially from those reflected or described in the forward-looking statements can be found in GameStop's most recent Annual Report on Form 10-K and other filings made from time to time with the SEC and available at www.sec.gov or on the Company’s investor relations website ( https://investor.gamestop.com ). Forward-looking statements contained in this press release speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. GameStop Corp. Schedule II (in millions, except per share data) (unaudited) Non-GAAP results The following tables reconcile the Company's selling, general and administrative expenses (“SG&A expense”), operating loss, net income (loss) and net income (loss) per share as presented in its unaudited consolidated statements of operations and prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) to its adjusted SG&A expense, adjusted operating loss, adjusted net income (loss), adjusted EBITDA and adjusted net income (loss) per share. The diluted weighted-average shares outstanding used to calculate adjusted earnings per share may differ from GAAP weighted-average shares outstanding. Under GAAP, basic and diluted weighted-average shares outstanding are the same in periods where there is a net loss. The reconciliations below are from continuing operations only. GameStop Corp. Schedule III (in millions) (unaudited) Non-GAAP results The following table reconciles the Company's cash flows provided by (used in) operating activities as presented in its unaudited Consolidated Statements of Cash Flows and prepared in accordance with GAAP to its free cash flow. Free cash flow is considered a non-GAAP financial measure. Management believes, however, that free cash flow, which measures our ability to generate additional cash from our business operations, is an important financial measure for use by investors in evaluating the company’s financial performance. Non-GAAP Measures and Other Metrics Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are supplemental financial measures of the Company’s performance that are not required by, or presented in accordance with, GAAP. We believe that the presentation of these non-GAAP financial measures provide useful information to investors in assessing our financial condition and results of operations. We define adjusted EBITDA as net income (loss) before income taxes, plus interest income, net and depreciation and amortization, excluding stock-based compensation, certain transformation costs, business divestitures, asset impairments, severance and other non-cash charges. Net income (loss) is the GAAP financial measure most directly comparable to adjusted EBITDA. Our non-GAAP financial measures should not be considered as an alternative to the most directly comparable GAAP financial measure. Furthermore, non-GAAP financial measures have limitations as an analytical tool because they exclude some but not all items that affect the most directly comparable GAAP financial measures. Some of these limitations include: We compensate for the limitations of adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share as analytical tools by reviewing the comparable GAAP financial measure, understanding the differences between the GAAP and non-GAAP financial measures and incorporating these data points into our decision-making process. Adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share are provided in addition to, and not as an alternative to, the Company’s financial results prepared in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP. Because adjusted EBITDA, adjusted SG&A expense, adjusted operating loss, adjusted net income (loss) and adjusted net income (loss) per share may be defined and determined differently by other companies in our industry, our definitions of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility. Contact GameStop Investor Relations 817-424-2001 ir@gamestop.comWith this same dynamism, according to the predictions of the general administrator of the Mérida airport, Oscar Carrillo Maldonado, the end of the year and the first week of January 2025 would continue, which is when the December 2024 holiday season ends. Carrillo Maldonado reported that the high demand for flights to Mérida and other destinations from this city was reflected in the number of daily aircraft operations, which totaled 180 per day, including passenger planes, cargo planes, and private aviation, but especially commercial flight operations, which averaged 76 daily. Regarding the percentage in which travelers and operations increased during the days before Christmas, compared to 2023, he said that it is very similar to last year because this year that is ending many Airbus company aircraft were grounded for maintenance reasons worldwide. In Mexico, it mainly affected Volaris due to the inspections of the Pratt & Whitney engines that kept its aircraft grounded. For this reason, according to Carrillo Maldonado, the number of passengers did not grow in the percentages that Grupo Asur had planned compared to previous years. The administrator of the Mérida airport highlighted that the air terminal of this city was one of the airports where Volaris flies that least suffered the lack of this company’s aircraft due to that review. He reiterated that according to the guidelines of the stock exchanges where Grupo Asur is listed, the airport cannot give or advance figures for the end of the month or the year. Volaris, according to its preliminary report that it gave in July 2024 on its operations, recognized that aircraft inspection decreased its capacity by 15.0%, compared to 2023, due to the fact that the aircraft was grounded. Until that report, Volaris had transported 2.7 million passengers.Cybersecurity ahead of Christmas festivities
A range of independent TDs are contemplating the prospect of entering Ireland’s next coalition government as Fianna Fail and Fine Gael consider ways to secure a solid majority. Three long days of counting in the General Election finished late on Monday night when the final two seats were declared in the constituency of Cavan-Monaghan. Fianna Fail was the clear winner of the election, securing 48 of the Dail parliament’s 174 seats. Sinn Fein took 39 and Fine Gael 38. Labour and the Social Democrats both won 11 seats; People Before Profit-Solidarity took three; Aontu secured two; and the Green Party retained only one of its 12 seats. Independents and others accounted for 21 seats. The return of a Fianna Fail/Fine Gael-led coalition is now highly likely. However, their combined seat total of 86 leaves them just short of the 88 needed for a majority in the Dail. While the two centrist parties that have dominated Irish politics for a century could look to strike a deal with one of the Dail’s smaller centre-left parties, such as the Social Democrats or Labour, a more straightforward route to a majority could be achieved by securing the support of several independent TDs. For Fianna Fail leader Micheal Martin and current taoiseach and Fine Gael leader Simon Harris, wooing like-minded independents would be likely to involve fewer policy concessions, and financial commitments, than would be required to convince another party to join the government benches. Longford-Westmeath independent TD Kevin “Boxer” Moran, who served in a Fine Gael-led minority government between 2017 and 2020, expressed his willingness to listen to offers to join the new coalition in Dublin. “Look, my door’s open,” he told RTE. “Someone knocks, I’m always there to open it.” Marian Harkin, an independent TD for Sligo-Leitrim, expressed her desire to participate in government as she noted that Fianna Fail and Fine Gael were within “shouting distance” of an overall majority. “That means they will be looking for support, and I certainly will be one of those people who will be speaking to them and talking to them and negotiating with them, and I’m looking forward to doing that, because that was the reason that I ran in the first place,” she said. Meanwhile, the Social Democrats and Irish Labour Party both appear cautious about the prospect of an alliance with Fianna Fail and Fine Gael. They will no doubt be mindful of the experience of the Green Party, the junior partner in the last mandate. The Greens experienced near wipeout in the election, retaining only one of their 12 seats. Sinn Fein appears to currently have no realistic route to government, given Fianna Fail and Fine Gael’s ongoing refusal to share power with the party. Despite the odds being stacked against her party, Sinn Fein president Mary Lou McDonald contacted the leaders of the Social Democrats and Labour on Monday to discuss options. Earlier, Fianna Fail deputy leader and outgoing Finance Minister Jack Chambers predicted that a new coalition government would not be in place before Christmas. Mr Chambers said planned talks about forming an administration required “time and space” to ensure that any new government will be “coherent and stable”. After an inconclusive outcome to the 2020 election, it took five months for Fianna Fail, Fine Gael and the Greens to strike the last coalition deal. Mr Chambers said he did not believe it would take that long this time, as he noted the Covid-19 pandemic was a factor in 2020, but he also made clear it would not be a swift process. He said he agreed with analysis that there was no prospect of a deal before Christmas. “I don’t expect a government to be formed in mid-December, when the Dail is due to meet on December 18, probably a Ceann Comhairle (speaker) can be elected, and there’ll have to be time and space taken to make sure we can form a coherent, stable government,” he told RTE. “I don’t think it should take five months like it did the last time – Covid obviously complicated that. But I think all political parties need to take the time to see what’s possible and try and form a stable government for the Irish people.” Fine Gael minister of state Peter Burke said members of his parliamentary party would have to meet to consider their options before giving Mr Harris a mandate to negotiate a new programme for government with Fianna Fail. “It’s important that we have a strong, stable, viable government, whatever form that may be, to ensure that we can meet the challenges of our society, meet the challenges in terms of the economic changes that are potentially going to happen,” he told RTE. Despite being set to emerge with the most seats, it has not been all good news for Fianna Fail. The party’s outgoing Health Minister Stephen Donnelly became one of the biggest casualties of the election when he lost his seat in Wicklow in the early hours of Monday morning. Mr Donnelly was always predicted to face a fight in the constituency after boundary changes saw it reduced from five to four seats. If it is to be a reprise of the Fianna Fail/Fine Gael governing partnership of the last mandate, one of the major questions is around the position of taoiseach and whether the parties will once again take turns to hold the Irish premiership during the lifetime of the new government. The outcome in 2020 saw the parties enter a coalition on the basis that the holder of the premier position would be exchanged midway through the term. Fianna Fail leader Mr Martin took the role for the first half of the mandate, with Leo Varadkar taking over in December 2022. Current Fine Gael leader Mr Harris succeeded Mr Varadkar as taoiseach when he resigned from the role earlier this year. However, this time Fianna Fail has significantly increased its seat lead over Fine Gael, compared with the last election when there were only three seats between the parties. The size of the disparity in party numbers is likely to draw focus on the rotating taoiseach arrangement, raising questions as to whether it will be re-run in the next coalition and, if it is, on what terms. On Sunday, Simon Coveney, a former deputy leader of Fine Gael, said a coalition that did not repeat the rotating taoiseach arrangement in some fashion would be a “difficult proposition” for his party. Meanwhile, Fine Gael minister Paschal Donohoe said he would be making the case for Mr Harris to have another opportunity to serve as taoiseach. On Monday, Mr Chambers said while his party would expect to lead the government it would approach the issue of rotating the taoiseach’s role on the basis of “mutual respect” with Fine Gael. “I think the context of discussions and negotiations will be driven by mutual respect, and that’s the glue that will drive a programme for government and that’s the context in which we’ll engage,” he said. On Monday, Labour leader Ivana Bacik reiterated her party’s determination to forge an alliance with fellow centre-left parties with the intention of having a unified approach to the prospect of entering government. Asked if Labour was prepared to go into government with Fianna Fail and Fine Gael on its own, she told RTE: “No, not at this stage. We are absolutely not willing to do that. “We want to ensure there’s the largest number of TDs who share our vision and our values who want to deliver change on the same basis that we do.” The Social Democrats have been non-committal about any potential arrangement with Fianna Fail and Fine Gael, and have restated a series of red lines they would need to achieve before considering taking a place in government. Leader Holly Cairns, who gave birth to a daughter on polling day on Friday, said in a statement: “The party is in a very strong position to play an important role in the next Dail. In what position, government or opposition, remains to be seen.” Fianna Fail secured the most first preference votes in Friday’s proportional representation election, taking 21.9% to Fine Gael’s 20.8%. Sinn Fein came in third on 19%. While Sinn Fein’s vote share represented a marked improvement on its disappointing showing in June’s local elections in Ireland, it is still significantly down on the 24.5% poll-topping share it secured in the 2020 general election. The final breakdown of first preferences also flipped the result of Friday night’s exit poll, which suggested Sinn Fein was in front on 21.1%, with Fine Gael on 21% and Fianna Fail on 19.5%.
NEW YORK (AP) — There's a Christmas Day basketball game at Walt Disney World, featuring Mickey, Minnie, Goofy and Wemby. An animated game, anyway. The real game takes place at Madison Square Garden, where Victor Wembanyama and the San Antonio Spurs face the New York Knicks in a game televised on ABC and ESPN and streamed on Disney+ and ESPN+. The special alt-cast, the first animated presentation of an NBA game, will be shown on ESPN2 and also stream on Disney+ and ESPN+. Madison Square Garden is a staple of the NBA's Christmas schedule. Now it merges with a bigger home of the holidays, because the “Dunk the Halls” game will be staged at Disney, on a court set up right smack in the middle of where countless families have posed for vacation photos. Why that location? Because it was Mickey Mouse’s Christmas wish . “Basketball courts often have the ability to make a normal environment look special, but in Disney it can only turn out incredible,” Wembanyama said in an ESPN video promoting his Christmas debut. The story — this is Disney, after all — begins with Mickey penning a letter to Santa Claus, asking if he and his pals can host a basketball game. They'll not only get to watch one with NBA players, but some of them will even get to play. Goofy and Donald Duck will sub in for a couple Knicks players, while Mickey and Minnie Mouse will come on to play for the Spurs. “It looks to me like Goofy and Jalen Brunson have a really good pick-and-roll at the elite level,” said Phil Orlins, an ESPN vice president of production. Walt Disney World hosted real NBA games in 2020, when the league set up there to complete its season that had been suspended by the COVID-19 pandemic. Those games were played at the ESPN Wide World of Sports. The setting for the Christmas game will be Main Street USA, at the entrance of the Magic Kingdom. Viewers will recognize Cinderella’s castle behind one baseline and the train station at the other end, and perhaps some shops they have visited in between. Previous alternate animated broadcasts included an NFL game taking place in Andy's room from “Toy Story ;” the “NHL Big City Greens Classic” during a game between the Washington Capitals and New York Rangers; and earlier this month, another NFL matchup between the Cincinnati Bengals and Dallas Cowboys also taking place at Springfield’s Atoms Stadium as part of “ The Simpsons Funday Football. ” Unlike basketball, the players are helmeted in those sports. So, this telecast required an extra level of detail and cooperation with players and teams to create accurate appearances of their faces and hairstyles. "So, this is a level of detail that we’ve never gone, that we’ve never done on any other broadcast," said David Sparrgrove, the senior director of creative animation for ESPN. Wembanyama, the 7-foot-3 phenom from France who was last season's NBA Rookie of the Year, looks huge even among most NBA players. The creators of the alternate telecast had to design how he'd look not only among his teammates and rivals, but among mice, ducks and chipmunks. “Like, Victor Wembanyama, seeing him in person is insane. It’s like seeing an alien descend on a basketball court, and I think we kind of captured that in his animated character,” said Drew Carter, who will again handle play-by-play duties, as he had in the previous animated telecasts, and will get an assist from sideline reporter Daisy Duck. Wembanyama's presence is one reason the Spurs-Knicks matchup, the leadoff to the NBA's five-game Christmas slate, was the obvious choice to do the animated telecast. The noon EST start means it will begin in the early evening in France and should draw well there. Also, it comes after ABC televises the “Disney Parks Magical Christmas Day Parade” for the previous two hours, providing more time to hype the broadcast. Recognizing that some viewers who then switch over to the animated game may be Disney experts but NBA novices, there will be 10 educational explainers to help with basketball lingo and rules. Beyond Sports' visualization technology and Sony’s Hawk-Eye tracking allow the animated players to make the same movements and plays made moments earlier by the real ones at MSG. Carter and analyst Monica McNutt will be animated in the style of the telecast, donning VR headsets to experience the game from Main Street, USA. Other animated faces recognizable to some viewers include NBA Commissioner Adam Silver, who will judge a halftime dunk contest among Mickey and his friends, and Santa himself, who will operate ESPN’s “SkyCam” during the game. The players are curious how the production — and themselves — will look. “It’s going to be so crazy to see the game animated,” Spurs veteran Chris Paul said. “I think what’s dope about it is it will give kids another opportunity to watch a game and to see us, basically, as characters.” ___ AP NBA: https://apnews.com/hub/nbaEdwards Lifesciences Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. December 13, 2024 Deadline to file Lead Plaintiff Motion.Sunday, December 29, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Technology Free Internet: Great opportunity to get free internet, hurry up, offer is... Technology Free Internet: Great opportunity to get free internet, hurry up, offer is till 31 December By Shyamu Maurya December 29, 2024 0 9 Share Facebook Twitter Pinterest WhatsApp Telegram Free Internet: Great opportunity to get free internet, hurry up, offer is till 31 December Free Internet: This special offer is available only till 31 December 2024. To avail free one month internet and discount, customers have to buy 3 months plan together. If you are looking for affordable high-speed internet or unlimited calling then this is a great opportunity for you. Free Internet: When it comes to affordable prices, the first name that comes to mind is BSNL (Bharat Sanchar Nigam Limited). BSNL is at the forefront of the telecom sector, especially the broadband market. This government telecom company offers attractive offers that can give tough competition to Jio, Airtel and VI. BSNL is now offering its customers the benefit of one month (30 days) of free internet service with two affordable broadband plans. This gives users a chance to enjoy high-speed internet while staying within budget. Free Data Offer with BSNL Fiber Plans This festive offer from BSNL is for customers who subscribe to its budget-friendly broadband plans for 3 months. The offer is available till December 31 and these plans are priced under Rs 500, making it a great option for users who need more data. BSNL Fiber Basic Neo Plan The BSNL Fiber Basic Neo plan costs just Rs 449. This plan offers 3.3TB (3300GB) data per month. Users can enjoy 30Mbps high-speed connectivity, which is much better than normal mobile internet speeds. The speed drops to 4Mbps after the 3300GB data limit is crossed. This plan also includes free unlimited calling on all networks. Customers will get a discount of Rs 50 on subscribing for 3 months. BSNL Fiber Basic Plan The BSNL Fiber Basic plan is priced at Rs 499. This plan offers a fast 50Mbps speed with 3.3TB data. After the data limit is reached, the speed drops to 4Mbps. It also offers free unlimited local and STD calling. Customers will get a discount of Rs 100 on 3 months subscription. This offer is till 31 December This special offer is available only till 31 December 2024. To avail free one month internet and discount, customers have to buy 3 months plan together. If you are looking for affordable high-speed internet or unlimited calling, then this festive offer of BSNL is a golden opportunity for you. Tags Free Internet Share Facebook Twitter Pinterest WhatsApp Telegram Previous article NEET UG 2025: How to prepare for NEET UG in three months, see important topics and complete study plan Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com RELATED ARTICLES Personal Finance NEET UG 2025: How to prepare for NEET UG in three months, see important topics and complete study plan December 29, 2024 Personal Finance Small Savings Schemes: Investment in these small savings schemes is giving more than 8 percent interest, check the list December 28, 2024 Personal Finance New Tax Regime: These deductions and exemptions will continue to be allowed in the new tax regime December 28, 2024 - Advertisment - Most Popular NEET UG 2025: How to prepare for NEET UG in three months, see important topics and complete study plan December 29, 2024 Small Savings Schemes: Investment in these small savings schemes is giving more than 8 percent interest, check the list December 28, 2024 New Tax Regime: These deductions and exemptions will continue to be allowed in the new tax regime December 28, 2024 Credit Card Charge: Banks can charge more than 30% interest on credit card dues, know the reasons December 28, 2024 Load more Recent Comments Gul Mohiudin on Kavita sister-in-law wore a sari without a blouse, seeing the pictures you will also be... Venkatesh on Urfi Javed crossed all limits, wore a front open hoodie top without inner, see photos and videos Gul Mohiudin on Malaika Arora came out in a backless strappy dress late at night, someone had to handle the gown and someone held her hand Gul Mohiudin on Priyanka Chopra reached award function without bra, shame had to be saved repeatedly in open jacket Venkatesh on Disha Patani shared a bo*ld picture while taking a bath, seeing Tiger Shroff’s heart beat will increase EDITOR PICKS NEET UG 2025: How to prepare for NEET UG in three months, see important topics and complete study plan December 29, 2024 Small Savings Schemes: Investment in these small savings schemes is giving more than 8 percent interest, check the list December 28, 2024 New Tax Regime: These deductions and exemptions will continue to be allowed in the new tax regime December 28, 2024 POPULAR POSTS NEET UG 2025: How to prepare for NEET UG in three months, see important topics and complete study plan December 29, 2024 Small Savings Schemes: Investment in these small savings schemes is giving more than 8 percent interest, check the list December 28, 2024 New Tax Regime: These deductions and exemptions will continue to be allowed in the new tax regime December 28, 2024 POPULAR CATEGORY Personal Finance 18141 Entertainment 17065 India 4563 News 3785 Technology 2268 Jobs Alert 794 Travel 652 Education 451 ABOUT US INFORMALNEWZ brings the Latest News & Top Breaking headlines on Politics and Current Affairs. 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Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister says
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Albania's prime minister has announced the government intends to block access to TikTok for one year after the killing of a schoolboy last month raised fears about the influence of social media on children. Speaking on Saturday Edi Rama declared the proposed ban would start in January. TikTok said it is seeking urgent clarifications from the Albanian government about the proposed ban. The social media platform told the BBC it had found no evidence the person who allegedly stabbed the 14-year-old boy, or the victim himself, had TikTok accounts. During a meeting in Albania's capital Tirana with teachers, parents and psychologists Rama branded TikTok as "the thug of the neighbourhood". "We are going to close it for a year and we are going to start rolling out programs that will serve the education of students and help parents follow their children's journey," Rama said. The blocking of TikTok comes less than a month after the 14-year-old student was killed and another injured in a fight near a school in southern Tirana which had its roots in a confrontation on social media. The killing sparked a debate in Albania among parents, psychologists and educational institutions about the impact of social networks on young people. "In China, TikTok promotes how students can take courses, how to protect nature, how to keep traditions, but on the TikTok outside China we see only scum and mud. Why do we need this?", Rama said. TikTok is already banned in India, which was one of the app's largest markets before it was outlawed in June 2020. It is also blocked in Iran, Nepal, Afghanistan and Somalia. TikTok is also fighting against a law passed by the US Congress which would ban the app from 19 January unless it is sold by ByteDance - its Chinese parent company. T he US Supreme Court has agreed to hear last-minute legal arguments from TikTok as to why it should not be banned or sold with a hearing scheduled for 10 January - just days before the 19 January deadline imposed by Congress. The US government is taking action against the app because of what it says are its links to the Chinese state - links which TikTok and ByteDance have denied. Several European countries including France, Germany and Belgium have enforced restrictions on social media use for children. In November Australia passed the world's strictest measures by voting to ban children under the age of 16 from using social media. That particular ban will take at least a year to implement. UK Technology Secretary Peter Kyle told the BBC that a similar ban for under-16s is "on the table" but added that he wanted to see more evidence first.
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Stock market today: Rising tech stocks pull Wall Street to another recordTORONTO — Scottie Barnes is back. Barnes was inserted into the Toronto Raptors starting lineup ahead of tonight’s game against the Minnesota Timberwolves. He broke his right orbital bone in the fourth quarter of Toronto’s 121-119 overtime loss to the Denver Nuggets on Nov. 4. Barnes was expected to be out at least three weeks with the injury but came back slightly ahead of schedule. Raptors head coach Darko Rajakovic would not say who would be moved to the bench to make space for Barnes. The 23-year-old all-star forward was averaging 19.2 points, 7.8 rebounds and six assists per game before the injury. This report by The Canadian Press was first published Nov. 21, 2024. The Canadian Press
World reaches $300 bn climate finance deal at COP29