PASADENA, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) — via IBN – VenHub, a disruptive AI and robotics company (“VenHub” or the “Company”), and (NASDAQ: TGAA) (“TGAA”), a NASDAQ-listed special purpose acquisition company, today announced they have entered into a definitive business combination agreement, dated as of December 2, 2024 (the “Business Combination Agreement”). The proposed business combination (the “Proposed Business Combination”) is expected to be completed (the “Closing”) in the second quarter of 2025, subject to customary closing conditions, including regulatory and shareholder approvals. The combined company will operate as VenHub Global Holdings, Inc. following the Closing and is expected to list on Nasdaq under the ticker symbol “VHUB”. As one of the leading providers of a 24/7 autonomous smart store, VenHub has introduced and developed a solution with the potential to transform how consumers interact with technology in retail environments. Powered by proprietary software and unique robotics arms technology, VenHub’s product offering can provide a seamless customer experience. Manufactured by a leader in the global robotics industry, the innovative robotic arms technology can differentiate VenHub from traditional retail solutions and well-positions the Company in the automated retail space. Additionally, VenHub’s cutting edge vision system adds precision and reliability to its product offering, and the efficiency and security of the Smart Stores are enabled by VenHub’s intellectual property portfolio. Founded in 2023, VenHub is addressing challenges facing traditional retail stores, including inefficient inventory management, limited hours, high labor costs, and security concerns. The Smart Stores are designed to utilize data-driven inventory management, a self-service delivery system, and advanced security protection, all of which reduce labor costs and collectively enhance sales and growth potential. Through these potential competitive advantages, VenHub has secured over 1,000 customer pre-orders across 48 states, with potential revenue of more than $300 million in pre-order value. This pre-order book demonstrates market confidence in VenHub’s smart store technology. VenHub’s growth strategy focuses on geographic and store format expansion to meet the growing demand for autonomous retail solutions, as well as product diversification to enhance VenHub’s market presence and operational efficiency. The Company’s CapEx-light business model has the potential to create value for stakeholders, and its diversified business model with potential for recurring revenue can allow VenHub to achieve its expansion plan. : “This is day one for VenHub on a larger stage,” Shahan Ohanessian, CEO of VenHub, remarked. “We’re at the starting line of what I believe will be a remarkable journey, turning our vision into reality and expanding our reach on a global scale. We’re not just joining the market; we’re aiming to pioneer a new frontier in smart retail that enhances how businesses and consumers connect.” : “We are excited to partner with Shahan and the VenHub team. VenHub’s efficient, capital-light business model, combined with strong near-term projected positive cash flow generation, positions the Company for sustainable growth. This approach enables strategic expansion into multiple geographic markets while leveraging internally generated cash flow and maintaining disciplined resource allocation.” The Proposed Business Combination implies a pro forma enterprise value of $715 million, which assumes an estimated equity value of $650 million, $26 million in new cash to the balance sheet (assuming 100% redemptions by TGAA public shareholders), and $0.6 million in existing cash. The Proposed Business Combination is expected to provide net cash to VenHub of up to $14 million to support VenHub’s continued geographic expansion and product diversification. Cash proceeds raised will consist of TGAA’s approximately $20.4 million cash in trust, net of redemptions. The cash in the TGAA trust account is anticipated to support the Company’s growth capital needs, including VenHub’s production, marketing and sales efforts. It is intended that 100% of existing VenHub stockholders will roll over their equity and, assuming no redemptions and full rollover, own approximately 89% of the pro forma equity of the combined company in connection with the transaction. The Proposed Business Combination has been approved by the boards of directors of both VenHub and TGAA and is expected to close in the second quarter of 2025, subject to shareholder approvals and other customary closing conditions. For a summary of the material terms of the Proposed Business Combination, as well as a supplemental investor presentation, please see the Current Report on Form 8-K filed today by TGAA with the U.S. Securities and Exchange Commission (the “SEC”). Additional information about the Proposed Business Combination will be described in TGAA’s proxy statement relating to the Proposed Business Combination, which it will file with the SEC. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is serving as the exclusive financial advisor, capital markets advisor and placement agent to VenHub. Smith Eilers PLLC is serving as legal counsel to VenHub. Orrick, Herrington & Sutcliffe LLP is serving as legal counsel to TGAA. Travers Thorp Alberga is serving as legal counsel to TGAA with respect to Cayman Islands law. VenHub Global, Inc., f/k/a Autonomous Solutions, Inc., a Delaware corporation, is reshaping the retail industry with its groundbreaking autonomous and robotic-operated Smart Stores. Leveraging advanced AI and smart inventory management systems, VenHub offers a seamless shopping experience that operates 24/7. This approach not only increases revenue but also significantly reduces operational costs compared to traditional retail setups. VenHub’s modular design allows for quick installation and easy customization to meet a wide range of consumer needs. The company operates across three main retail formats: fixed Smart Stores for permanent locations, mobile Smart Stores for flexibility and broader accessibility, and innovative solutions that upgrade existing retail spaces and shopping centers into advanced Smart Shopping environments. With its forward-thinking strategy, VenHub is poised to transform the retail landscape, providing an efficient and accessible shopping experience that anticipates the future of commerce. TGAA Acquisition I Corp. is a blank check company incorporated as a Cayman Island exempted company and formed for the purpose of effecting a merger, share, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. TGAA’s units, Class A ordinary shares and warrants trade on the Nasdaq under the ticker symbols “TGAAU,” “TGAA,” and “TGAAW” respectively. This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. TGAA’s and VenHub’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, TGAA’s and VenHub’s expectations with respect to future performance and anticipated financial impacts of the Proposed Business Combination, the satisfaction of the closing conditions to the Proposed Business Combination and the timing of the completion of the Proposed Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside TGAA’s and VenHub’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement, (2) the outcome of any legal proceedings that may be instituted against TGAA and VenHub following the announcement of the Business Combination Agreement and the transactions contemplated therein; (3) the inability to complete the Proposed Business Combination, including due to failure to obtain approval of the shareholders of TGAA or other conditions to closing in the Business Combination Agreement; (4) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement or could otherwise cause the Proposed Business Combination to fail to close; (5) the amount of redemption requests made by TGAA’s shareholders; (6) the inability to obtain or maintain the listing of the post-business combination company’s common stock on the Nasdaq Stock Market LLC following the Proposed Business Combination; (7) the risk that the Proposed Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Proposed Business Combination; (8) the ability to recognize the anticipated benefits of the Proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (9) costs related to the Proposed Business Combination; (10) changes in applicable laws or regulations; (11) the possibility that VenHub or the combined company may be adversely affected by other economic, business, and/or competitive factors; and (12) other risks and uncertainties indicated from time to time in the proxy statement relating to the Proposed Business Combination, including those under “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” which will be set forth in a Registration Statement on Form S-4 (the “Registration Statement”) to be filed by TGAA and the Company and in TGAA’s other filings with the SEC. Some of these risks and uncertainties may be amplified by future events and there may be additional risks that we consider immaterial or which are unknown. It is not possible to predict or identify all such risks. TGAA cautions that the foregoing list of factors is not exclusive. TGAA cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date they are made. TGAA does not undertake or accept any obligation or undertaking to update or revise any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based This press release relates to a proposed transaction between the Company and TGAA. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act. TGAA and the Company intend to file a registration statement on Form S-4 that will include a proxy statement/prospectus of TGAA. The proxy statement/prospectus will be sent to all TGAA shareholders. TGAA also will file other documents regarding the proposed transaction with the SEC. Before making any voting decision, investors and security holders of TGAA are urged to read the registration statement, the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Investors and security holders will be able to obtain free copies of the registration statement and all other relevant documents filed or that will be filed with the SEC by TGAA through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by TGAA may be obtained free of charge from TGAA’s website at https://tgacquisition1.com/ or by written request to TGAA at: Target Global Acquisition I Corp., PO Box 10176, Governor’s Square 23, Lime Tree Bay Avenue, Grand Cayman KY1-1102, Cayman Islands. TGAA and the Company and their respective directors and officers may be deemed to be participants in the solicitation of proxies from TGAA’s shareholders in connection with the proposed transaction. Information about TGAA’s directors and executive officers and their ownership of TGAA’s securities is set forth in TGAA’s filings with the SEC. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. You may obtain free copies of these documents as described in the preceding paragraph. This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of TGAA, VenHub or any of their respective affiliates. No such offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or an exemption therefrom. The contents of this press release have not been reviewed by any regulatory authority in any jurisdiction. IR@VenHub.com 888-585-4999 : IBN Los Angeles, California 310.299.1717 Office Grand View Research, “GVR Report cover Convenience Stores Market Size, Share & Trends Analysis Report By Type (Cigarettes & Tobacco, Foodservice, Packaged Beverages, Center Store, Low Alcoholic Beverages), By Region, And Segment Forecasts, 2022 – 2028”, May 2022 Based on management estimates. As of September 30, 2024.
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Badshah breaks silence on Diljit Dosanjh's alcohol controversyCHICAGO (AP) — Aidan Laughery rushed for three touchdowns and No. 22 Illinois topped Northwestern 38-28 on Saturday to reach nine victories for the first time since its 2007 Rose Bowl season. Pat Bryant dashed in to score off Luke Altmyer’s 43-yard pass early in the third quarter as Illinois (9-3, 6-3 Big Ten) struck for touchdowns just over 4 minutes apart early in the third quarter to open a 28-10 lead in what had been a tight game. Bryant's 10th receiving touchdown tied a school record. Altmyer, who threw for 170 yards, had a TD himself on a keeper from the 1-yard line early in the second quarter. David Olano added a field goal in the fourth to cap Illinois' scoring. Laughery, a sophomore running back, rushed for a career-best 172 yards and topped 100 for the first time. He entered with only one TD this season and two for his career. He had a career-long 64-yard run for a score early in the second half. Coach Bret Bielema said he wasn't surprised by Laughery's explosive performance as the Gibson City, Illinois product rounded back into form after being hampered by a hamstring injury earlier this season. “I thought today would be a day that could happen,” Bielema said. “Today some of those turned into big home run hits we've kind of been waiting on all year.” Laughery said he's been prepping for this kind of game, when he carried the ball 12 times for an average of 14.3 yards. “Finally, the opportunity was there,” said Laughery, who got the game ball. “You know you gotta' hit one and it came together today.” He credited the Illini offensive line with opening space for his breakout performance. “Those guys were covering them (Northwestern's defense) all day long,” Laughery said. “It was awesome running behind the looks we were getting” Northwestern’s Devin Turner intercepted Altmyer twice, including for a 13-yard touchdown return late in the first quarter. Thomas Gordon caught Jack Lausch's 15-yard TD pass with a minute left, then the Wildcats added a two-point conversion to complete the scoring. Northwestern (4-8, 2-7 Big Ten) didn’t pack it in as hosted its second game this season at Wrigley Field, this time on a breezy sunny day with game-time temperature of 20 degrees. It looked like the Illini might run away after Bryant’s 10th receiving touchdown 4:52 into the third. He entered tied for the Big Ten lead. But Luke Akers kicked his second field goal of the game, a 34-yarder, with 5:35 left in the third quarter to cut it to 28-13. Lausch led the Wildcats on their next possession and finished it with an 11-yard touchdown toss to A.J. Henning to narrow the Illini lead to 28-20. Then Mac Resetich intercepted Lausch’s pass 50 seconds into the fourth quarter. Laughery powered up the middle for 31 yards and his third TD about two minutes later to quell the Wildcats' momentum. Northwestern dominated in possession time — 34:32 to 25:28 —and plays — 90 to 53. The margin was even more pronounced in the first half, but the Wildcats settled for a 13-yard touchdown return on Turner’s second pick of the game with 2:14 left in the first quarter and Akers’ 21-yard field goal that opened the scoring 6:29 in. Illinois led 14-10 at the half on Laughery’s 30-yard TD run midway through the first quarter and Altmyer’s keeper 1:39 into the second. Akers missed wide to the right on a 44-yard attempt as time ran out in the half. Both teams’ leading pass receivers were injured. Northwestern’s Bryce Kirtz was knocked out of the game in the first quarter with a lower-body injury after two receptions that upped his total yards to 598. Illinois’ Bryant went to the locker room with about 5 minutes left in the first half after Turner collided with him as he plucked his second interception. Bryant returned, however, for the second half. Illinois: Is in line for a prestigious bowl game appearance and a chance to tie the school record of 10 wins, most recently set during their 2001 Sugar Bowl season. “We wanted to put ourselves in a good position on this day to get to nine wins and see where it can go,” Bielema said. “Just a fun day overall. I don't know what the future holds. It think we're a team that can play with anybody in the country.” Northwestern: Finished its second season under coach David Braun at 4-8 overall and 2-7 in the Big Ten. The Wildcats dropped their final three and five of the last six. Illinois is headed to a bowl game. Northwestern opens its 2025 season at Tulane on Aug. 30. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25Many of us have felt it, and now it's official: "brain rot" is the Oxford dictionaries' word of the year. or signup to continue reading Oxford University Press said Monday that the evocative phrase "gained new prominence in 2024," with its frequency of use increasing 230 per cent from the year before. Oxford defines brain rot as "the supposed deterioration of a person's mental or intellectual state, especially viewed as the result of overconsumption of material (now particularly online content) considered to be trivial or unchallenging." The word of the year is intended to be "a word or expression that reflects a defining theme from the past 12 months". "Brain rot" was chosen by a combination of public vote and language analysis by Oxford lexicographers. It beat five other finalists: demure, slop, dynamic pricing, romantasy and lore. While it may seem a modern phenomenon, the first recorded use of "brain rot" was by Henry David Thoreau in his 1854 ode to the natural world, Walden. Oxford Languages President Casper Grathwohl said that in its modern sense, "'brain rot' speaks to one of the perceived dangers of virtual life, and how we are using our free time." "It feels like a rightful next chapter in the cultural conversation about humanity and technology. It's not surprising that so many voters embraced the term, endorsing it as our choice this year," he said. The 2023 Oxford word of the year was "rizz," a riff on charisma, used to describe someone's ability to attract or seduce another person. Collins Dictionary's 2024 word of the year is "brat" –- the album title that became a summer-living ideal. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! 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French government faces collapse as no-confidence motions submittedThreat of escalation comes amid reports Trump seeking Israel-Hamas ceasefire before he takes office in January. United States President-elect Donald Trump has promised “there will be hell to pay” if captives held in Gaza during Israel’s ongoing war are not released by the time he takes office on January 20. The statement on Monday was Trump’s most forceful on the deadlocked efforts to bring an end to the war since the November 5 US elections and comes amid reports that he is pushing for a ceasefire to be reached before his second term begins. In a post on Truth Social, Trump decried “all talk, and no action” about the captives in apparent derision of US President Joe Biden and his administration’s inability to broker a ceasefire between Israel and Hamas in more than a year of war. “Please let this TRUTH serve to represent that if the hostages are not released prior to January 20, 2025, the date that I proudly assume Office as President of the United States, there will be ALL HELL TO PAY in the Middle East, and for those in charge who perpetrated these atrocities against Humanity,” he said. “Those responsible will be hit harder than anybody has been hit in the long and storied History of the United States of America. RELEASE THE HOSTAGES NOW!” he wrote. The post offered no details on what the threat would entail or if it could involve the deployment of the US military. It also did not specify which parties it was referring to but notably referenced only captives held by Hamas without mentioning Palestinian civilians who have borne the brunt of Israeli operations in Gaza. Both Israeli Prime Minister Benjamin Netanyahu and the leaders of Hamas have been accused of scuttling talks aimed at ending the fighting for months. Hamas has repeatedly offered to release captives held in Gaza in return for an end to the war, but the Israeli government is adamant that the war will continue until Hamas is totally defeated. At least one Israeli official was quick to praise Trump’s post on Monday. “Thank you and bless you Mr. President-elect @realDonaldTrump,” President Isaac Herzog wrote on X. “We all pray for the moment we see our sisters and brothers back home!” Policy takes shape Despite its ambiguity, the promise of escalation represents a departure for Trump as the Middle East policy of his second term continues to take shape. The former president had campaigned on the broad notion that he would bring about peace in the Middle East, particularly in Gaza, but has offered scant details on how that would be achieved. His “America First” platform has long eschewed further involvement of US forces, assets or funding in conflicts abroad. At the same time, Trump has voiced support for Israel to “finish the job” in the Palestinian enclave and has long been Netanyahu’s preferred leader in the US. During his first term from 2017 to 2021, Trump was a strong backer of the US ally. He moved the US embassy from Tel Aviv to Jerusalem, the illegally occupied eastern half of which has long been seen as the capital of a future Palestinian state. He recognised Israeli sovereignty over the occupied Golan Heights in Syria. He forged a series of normalisation agreements between Israel and Arab countries, and he allowed for the rapid expansion of Israeli settlements, which are illegal under international law. This time around, Trump has packed his administration nominations with staunchly pro-Israel officials, including his secretary of state pick Senator Marco Rubio, a rabid defender of Israel’s war, and ambassador to Israel pick Mike Huckabee, a vocal supporter of Israeli settlements in the occupied West Bank who refuses to use its commonly used name, instead referring to “Judea and Samaria”. Ceasefire talks resume Still, speaking to the Axios news site last week, Trump ally and Senator Lindsey Graham said the president-elect “is more determined than ever to release the hostages and supports a ceasefire that includes a hostage deal”. “He wants to see it happening now,” he said. Graham made the statement just days after Biden announced a ceasefire had been reached between Israel and Hezbollah to end the fighting in Lebanon. As of Monday, that agreement appeared to be on the brink of collapse with both Hezbollah and Israel accusing the other of violating its terms. Biden also promised to re-up efforts to reach a long elusive deal to end the fighting in Gaza, where at least 44,466 Palestinians have been killed since Israel launched its war following the October 7, 2023, attacks by Hamas that killed at least 1,139 people in Israel with more than 200 taken captive. Israeli authorities have said 101 captives remain in Gaza. On Monday, Hamas said a total of 33 captives had been killed since the beginning of the war. On Sunday, Hamas officials told reporters the group’s leaders had held talks with Egyptian security officials in a renewed push for a ceasefire. Israeli officials also said Netanyahu was to hold security talks on the matter. Speaking to CNN, White House National Security Adviser Jake Sullivan said he thought the chances of a Gaza ceasefire and hostage deal had improved despite remaining a distant prospect. “[Hamas] are isolated. Hezbollah is no longer fighting with them, and their backers in Iran and elsewhere are preoccupied with other conflicts,” he said. “So I think we may have a chance to make progress, but I’m not going to predict exactly when it will happen. ... We’ve come so close so many times and not gotten across the finish line.” White House officials have repeatedly made similar assertions without successfully bringing about a ceasefire.
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Christopher Nolan’s Next Film Is Based on ‘The Odyssey’
The curtains are about to close on the U.S. women's national team's 2024 season. After winning the first ever Concacaf W Gold Cup and claiming gold at the Paris Olympics , among other achievements, the U.S. will wrap up the year with an international friendly in Europe. Philadelphia news 24/7: Watch NBC10 free wherever you are The U.S. played to a 0-0 draw Saturday against a robust England side, with the Netherlands up next in what will be another test for Emma Hayes' roster. It will also mark the last international game for star goalie Alyssa Naeher , who will now only sport her gloves for the Chicago Red Stars . Here's how and where to watch and stream the last USWNT game of the year: When is the USWNT vs. Netherlands game? The USWNT and Netherlands will meet on Tuesday, Dec. 3. What time is the USWNT vs. Netherlands game? Kickoff time is slated for 2:45 p.m. ET, 11:45 a.m. PT. Where is the USWNT vs. Netherlands game? Ado Den Haag Stadium in the Hague, Netherlands, is the venue for the match. Where to watch the USWNT vs. Netherlands game on TV The USWNT vs. Netherlands game will be broadcast in English on TNT and truTV, while NBC's Universo will carry the game in Spanish. Where to stream the USWNT vs. Netherlands game online The USWNT-Netherlands game will be available to stream in English on Max and in Spanish on Peacock . USWNT schedule Following the game against the Netherlands, the USWNT's next match currently is slated for Jan. 18, 2025. It will be a friendly against Venezuela at Chase Stadium in Fort Lauderdale, Fla.THE HAGUE (AP) — The world’s top war-crimes court issued arrest warrants Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas’ military chief, accusing them of crimes against humanity in connection with the 13-month war in Gaza. The warrants said there was reason to believe Netanyahu and former Defense Minister Yoav Gallant have used “starvation as a method of warfare” by restricting humanitarian aid and have intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny. The action by the International Criminal Court came as the death toll from Israel’s campaign in Gaza passed 44,000 people, according to local health authorities, who say more than half of those killed were women and children. Their count does not differentiate between civilians and combatants. Experts say hunger has become widespread across Gaza and may have reached famine levels in the north of the territory, which is under siege by Israeli troops. Israel says it has been working hard to improve entry of aid, though the trickle of supplies into Gaza remains near the lowest levels of the war. Netanyahu condemned the warrant against him, saying Israel “rejects with disgust the absurd and false actions” by the court. In a statement released by his office, he said: “There is nothing more just than the war that Israel has been waging in Gaza.” Gallant, in a statement, said the decision "sets a dangerous precedent against the right to self-defense and moral warfare and encourages murderous terrorism.” The warrant marked the first time that a sitting leader of a major Western ally has been accused of war crimes and crimes against humanity by a global court of justice. The decision turns Netanyahu and the others into internationally wanted suspects, putting them at risk of arrest when they travel abroad and potentially further isolating them . Israel and its top ally, the United States, are not members of the court. But others of Israel's allies, including some of its close European friends, are put in an awkward position. Several, including France, welcomed the court's decision and signaled they might arrest Netanyahu if he visited. White House press secretary Karine Jean-Pierre said President Joe Biden's administration was “deeply concerned by the prosecutor’s rush to seek arrest warrants and the troubling process errors that led to this decision.” The warrants represent "the most dramatic step yet in the court’s involvement in the conflict between Israel and Hamas," said Anthony Dworkin, senior policy fellow at the European Council on Foreign Relations. Israeli leaders, politicians and officials across the spectrum denounced the warrants and the ICC. The new defense minister, Israel Katz, who replaced Gallant earlier this month, said Thursday’s decision is “a moral disgrace, entirely tainted by antisemitism, and drags the international judicial system to an unprecedented low.” Human rights groups applauded the move. The warrants against both sides “break through the perception that certain individuals are beyond the reach of the law,” the associate international justice director at Human Rights Watch, Balkees Jarrah, said in a statement. The decision came six months after ICC Chief Prosecutor Karim Khan requested the warrants. The court issued a warrant for Mohammed Deif, head of Hamas’ armed wing, over the Oct. 7, 2023, attacks that triggered Israel’s offensive in Gaza. It said it found reasonable grounds to believe Deif was involved in murder, rape, torture and the taking of hostages amounting to war crimes and crimes against humanity. In the Hamas-led attack, militants stormed into southern Israel, killing 1,200 people — mostly civilians — and taking some 250 others hostage. Around 100 Israelis remain captive in Gaza, around a third of them believed to be dead. Khan withdrew requests for warrants for two other senior Hamas figures, Yahya Sinwar and Ismail Haniyeh , who have both since been killed. Israel says it also killed Deif in an airstrike, but Hamas has never confirmed his death. The warrants for Netanyahu and Gallant were issued by a three-judge panel in a unanimous decision. The panel said there were reasonable grounds to believe that both men bear responsibility for the war crime of starvation and the crimes against humanity of murder, persecution and other inhumane acts. The judges said the lack of food, water, electricity, fuel and specific medical supplies created conditions “calculated to bring about the destruction of part of the civilian population in Gaza,” including the deaths of children due to malnutrition and dehydration. They also found that by preventing hospital supplies and medicine from getting into Gaza, doctors were forced to operate, including performing amputations, without anesthesia or with unsafe means of sedation that led to “great suffering.” Israeli diplomatic officials said the government is lobbying the international community to speak out against the warrants and is considering an appeal to the court. The officials spoke on condition of anonymity pending a formal decision on how the government will proceed. Despite the warrants, none of the suspects is likely to face judges in The Hague anytime soon. Member countries are required to detain suspects facing a warrant if they set foot on their soil, but the court has no way to enforce that. For example, Russian President Vladimir Putin, wanted on an ICC warrant for alleged war crimes in Ukraine, recently visited Mongolia, a member state in the court but also a Russian ally. He was not arrested. Still, the threat of arrest now complicates any travel abroad by Netanyahu and Gallant. EU foreign policy chief Josep Borrell said the warrants are binding on all 27 members countries of the European Union. France signaled it could arrest Netanyahu if he came to its territory. Foreign Ministry spokesman Christophe Lemoine called it a “complex legal issue” but said France supports the court’s actions. “Combating impunity is our priority,” he said. “Our response will align with these principles.” Hamas in a statement welcomed the warrants against Netanyahu and Gallant but made no mention of the one against Deif. Israel’s opposition leaders fiercely criticized the ICC’s move. Benny Gantz, a retired general and political rival to Netanyahu, said it showed “moral blindness” and was a “shameful stain of historic proportion that will never be forgotten.” Israel’s campaign has caused heavy destruction across Gaza and driven almost the entire population of 2.3 million people from their homes, leaving most dependent on aid to survive. Two days after Hamas’ attack on southern Israel, Gallant announced a total seal on Gaza, vowing not to let in food, fuel or other supplies. Under U.S. pressure, Israel began allowing a trickle of humanitarian aid to enter a few weeks later. Israel now says it puts no limit on the supplies permitted into Gaza, and it blames the U.N. distribution system. But Israel's official figures show the amount of aid it has let in has plunged since the beginning of October. The U.N has blamed Israeli military restrictions, along with widespread lawlessness that has led to theft of aid shipments. The case at the ICC is separate from another legal battle Israel is waging at the top U.N. court, the International Court of Justice, in which South Africa accuses Israel of genocide , an allegation Israeli leaders staunchly deny. Lawyers for Israel argued in court that the war in Gaza was a legitimate defense of its people and that it was Hamas militants who were guilty of genocide. Associated Press journalists Raf Casert in Brussels, Mike Corder in The Hague and Josef Federman in Jerusalem contributed to this report.
ONE Gas to Participate in Jefferies, Mizuho, and Wells Fargo Utility Conferences
How Malaysians are cutting electricity costs with solar energy for long-term savings, sustainability as prices drop and govt incentives growTweet Facebook Mail Harvey Weinstein was hospitalised following an "alarming blood test," his attorney said, less than a week after the disgraced movie mogul filed a legal claim alleging substandard medical care at New York City's notorious jail complex. Weinstein, 72, was sent to Bellevue Hospital in Manhattan for an "emergent treatment due to an alarming blood test result that requires immediate medical attention," his attorney, Imran Ansari, said in a statement. "It is expected that he will remain there until his condition stabilises," the statement continues. READ MORE: US-Israeli soldier held hostage in Gaza confirmed killed during October 7 attack Harvey Weinstein has been hospitalised, his attorney said. (AP Photo/Julia Nikhinson, Pool) "His deprivation of care is not only medical malpractice, but a violation of his constitutional rights." A spokesperson for New York City's Department of Correction did not immediately respond to an email. The agency's inmate database confirmed that Weinstein had been transferred from Rikers Island to the Bellevue Hospital Prison Ward in Manhattan. Weinstein has been in city custody since earlier this year after the New York Court of Appeals overturned his 2020 rape conviction in the state. The case is set to be retried in 2025. Weinstein has denied any wrongdoing. READ MORE: Three dead and dozens sick from eating sea turtle stew Rikers Island is the site of a notorious prison. (Getty) In a legal filing last week, Weinstein's attorneys accused the city of providing him with substandard medical care for a litany of medical afflictions, which include chronic myeloid leukemia and diabetes. "When I last visited him, I found him with blood spatter on his prison garb, possibly from IV's, clothes that had not been washed for weeks, and he had not even been provided clean underwear — hardly sanitary conditions for someone with severe medical conditions," Ansari said in a statement that likened Rikers Island to a "gulag." The troubled jail complex, located on an island in New York City's East River, has faced growing scrutiny for its mistreatment of detainees and dangerous conditions. Last week, a federal judge cleared the way for a possible federal takeover of the jail system, finding the city had placed its incarcerated population in "unconstitutional danger." READ MORE: Dozens killed, including children, in football match stampede How this seven-year-old boy earned $34 million for one year View Gallery A publicist for Weinstein, Juda Engelmayer, echoed the allegation in a statement. "Mr Weinstein, who is suffering from a number of illnesses, including leukemia, has been deprived the medical attention that someone in his medical state deserves, prisoner or not," he said. "In many ways, this mistreatment constitutes cruel and unusual punishment." DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .None
BOSTON--(BUSINESS WIRE)--Dec 2, 2024-- Amundi US today announced the declaration of dividends for six Pioneer closed-end funds for December 2024. Ex-Date: December 12, 2024 Record Date: December 12, 2024 Payable: December 19, 2024 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.0975 - PHD Pioneer Floating Rate Fund, Inc. $0.0850 1 - PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds Distribution Per Share Change From Previous Month MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.0325 1,2 - MHI Pioneer Municipal High Income Fund, Inc. $0.0350 1,3 - MIO Pioneer Municipal High Income Opportunities Fund, Inc. $0.0500 1,4 - Market Price Market Price Distribution Rate NAV NAV Distribution Rate Pioneer Diversified High Income Fund, Inc. $12.33 9.49% $13.07 8.95% Pioneer Floating Rate Fund, Inc. $9.87 10.33% $10.33 9.87% Pioneer High Income Fund, Inc. $7.93 8.32% $8.40 7.86% Pioneer Municipal High Income Advantage Fund, Inc. $8.87 4.40% $9.35 4.17% Pioneer Municipal High Income Fund, Inc. $9.62 4.37% $10.21 4.11% Pioneer Municipal High Income Opportunities Fund, Inc. $12.31 4.87% $13.08 4.59% Special December 2024 Distribution: Ex-Date: December 23, 2024 Record Date: December 23, 2024 Payable: December 31, 2024 Ticker Taxable Funds Distribution Per Share HNW Pioneer Diversified High Income Fund, Inc. $0.3250 1 At this time, it is believed that a portion of the Fund’s current monthly distribution may be comprised of amounts from sources other than net investment income. 2 The distribution for MAV contains approximately $0.016261 per share of taxable income. This is a one-time taxable distribution in 2024. 3 The distribution for MHI contains approximately $0.012524 per share of taxable income. This is a one-time taxable distribution in 2024. 4 The distribution for MIO contains approximately $0.001702 per share of taxable income. This is a one-time taxable distribution in 2024. If any Fund estimates that any portion of its distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. The final determination of tax characteristics of each Fund’s distributions will occur after the end of its fiscal year, at which time it will be reported to shareholders. A return of capital is not a distribution of income or capital gains from the Fund, does not necessarily reflect the Fund's investment performance, and should not be considered "yield" or "income." The closing market price and NAV are based on data as of November 29, 2024. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share. The funds are closed-end investment companies. Five of these funds trade on the New York Stock Exchange (NYSE) under the following symbols: PHD, MHI, MAV, PHT, and MIO; HNW trades on the NYSE American (NYSEAMER). Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Amundi US’s closed-end funds, please call 800-225-6292 or visit our closed-end pricing page. About Amundi US Amundi US is the US business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally 1. Boston is one of Amundi’s six main global investment hubs 2 and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. With our financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape. Amundi clients benefit from the expertise and advice of 5,500 3 team members and market professionals in 35 countries 3. A subsidiary of the Crédit Agricole group and listed on the Paris stock exchange, Amundi currently manages approximately $2.445 trillion of assets 3. Amundi, a Trusted Partner, working every day in the interest of our clients and society www.amundi.com/us Follow us on linkedin.com/company/amundi-us/ and twitter.com/amundi_us . 1 Source: IPE “Top 500 Asset Managers” published in June 2024, based on assets under management as of December 31, 2023. 2 Boston, Dublin, London, Milan, Paris, and Tokyo 3 Amundi data as of 9/30/2024 Amundi Distributor US, Inc., Member SIPC 60 State Street, Boston, MA 02109 ©2024 Amundi Asset Management US, Inc. View source version on businesswire.com : https://www.businesswire.com/news/home/20241202779035/en/ CONTACT: Shareholder Inquiries: Please contact your financial advisor or visitwww.amundi.com/us.Broker/Advisor Inquiries Please Contact: 800-622-9876 Media Inquiries Please Contact: Geoff Smith, 617-504-8520 KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: Amundi US Copyright Business Wire 2024. PUB: 12/02/2024 04:05 PM/DISC: 12/02/2024 04:06 PM http://www.businesswire.com/news/home/20241202779035/enTrump Team Weighs Creating First-Ever ‘Crypto Czar’