LISBON, Portugal, Oct. 18, 2024 (GLOBE NEWSWIRE) — Matchain, a leading AI blockchain platform, is excited to share the milestones achieved since its mainnet launch on August 28th, recapping all the important metrics of the ecosystem. The platform has reached significant milestones in user adoption, transaction volume, and strategic partnerships, solidifying its position as a frontrunner in the AI & Decentralized Identity space.
Explosive Growth in User Base and Transactions
Unlike traditional platforms where data is harvested and monetized without consent, Matchain’s vision is that user data should only be shared with explicit permission. This data, when shared, can be leveraged for training AI models, with users receiving a share of the revenue generated. By enabling individuals to decide how their data is used, Matchain not only fosters greater transparency but also gives users an active role in the growing AI economy, ensuring they benefit from the value of their own contributions.
To achieve this goal, Matchain has been focused on onboarding Web2 users into the Web3 space, providing a smooth transition to decentralized platforms. At the core of the strategy is leveraging Telegram’s massive web2 reach as a familiar gateway, allowing millions to explore blockchain technology without friction.
Matchain’s strategy lies in driving real, authentic interactions within its ecosystem. All initiatives were focused on encouraging users to explore and experience the dApps firsthand, of which, LoL, the first AI memecoin on Matchain, quickly gained momentum and sparked engagement within the community.
The strong and enthusiastic response not only highlighted the community’s support but also served as a powerful driver for increasing Matchain’s visibility and accelerating its growth.
A Recap of the most important numbers:
Successful Transition from Testnet to Mainnet
Matchain’s journey to its current success began with a carefully planned transition from testnet to mainnet. While the testnet was used to validate our core offering and vision, mainnet opened up the doors for the public to join and build on Match.
How’s it going so far:
Onchain Activity: The testnet phase lasted a year and saw over 180 million transactions processed, demonstrating the network’s capability to handle high volumes, while the mainnet saw a total of 32 million transactions within less than a month of being launched.
Community Engagement: With a total user outreach of over 12 million across all channels, Matchain’s mini-app has attracted 3 million+ daily active users, creating strong momentum. This success is amplified by hyper-successful Megadrop campaigns in collaboration with exchange partners, fueled by the enthusiastic support of the Matchain community.
Ecosystem Growth: We’ve built a network of over 50+ strategic partners across sectors like DEXs, DeFi platforms, games, and AI, creating a solid foundation for seamless building on Matchain. MatchID partners are integrating our identity solution to drive real-world use, while infrastructure partners ensure builders can engage with Matchain easily and securely. With a focus on the future, we’ve also aligned with AI leaders across industries to empower individual sovereignty.
Get Involved With Matchain
Matchain’s growth has taken off thanks to strategic partnerships and community-driven efforts led by our Business Development team. Here are some of the key initiatives that are still going strong—and there’s plenty of room for you to jump in and be part of the journey.
Megadrop Program: A multi-phase reward program designed to incentivize user participation and ecosystem growth in collaboration with industry leaders like OKX, Bitget, and Bybit, expanding Matchain’s integration on leading web3 platforms.
Mini-App Quests: Over 7 million users engaged through Matchain’s mini-app games, earning Match Points in real time.
Match Hub: If you share the same vision as Matchain, let’s build something great together! Our BD team’s got your back—offering technical and marketing support to help grow your projects!
Looking Ahead
Matchain is set to continue to focus on strengthening its infrastructure, expanding partnerships, and developing AI and Decentralized Identity (DID) solutions to meet the evolving demands of the blockchain community.
With its rapid momentum, Matchain is poised for significant growth and is on track to expand its user base to over 40 million users in the coming months.
But that’s just the beginning—stay on the lookout for Matchain. With so much happening behind the scenes, you won’t want to miss out. A lot of exciting updates and insights will be shared at ETH Sofia, where our CEO, Petrix, will join Par from Paris Saint-Germain F.C. (PSG) for a fireside chat.
Keep an ear for subtle clues about what’s next for Matchain.
About Matchain Matchain is a blockchain platform that offers advanced AI-driven decentralized identity solutions. It ensures privacy, security, and control over personal data, allowing users to own and monetize their digital information within a secure ecosystem.
For more details, visit Matchain’swebsiteor contactAnastasia Drinevskaya, Chief Marketing Officer, for inquiries and updates.
Disclaimer: This content is provided by Matchain. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
The City of Edinburgh Council is asking tenants to give their feedback on how it invests in Council homes, neighbourhoods, and services.
With just six weeks to go until this year’s consultation closes on Friday 29 November, tenants across the capital are being reminded to share their views on how they’d like their rent to be spent.
In February this year, councillors agreed to increase rent by 7% every year, for five years, starting in April 2024. The longer-term strategy gives tenants more certainty about the rent they pay and helps the Council better plan spending to improve homes and services.
The Council also introduced the Tenant Hardship Fund which offers financial assistance for tenants struggling to make rent payments. This year, the fund was increased to a maximum award of two fortnightly rent charges per tenant per year.
Housing, Homelessness and Fair Work Convener Jane Meagher said:
We’re determined to provide a better service to our tenants, improve their homes, and build more places for people to live because everyone deserves a suitable and affordable place to call home.
That’s why we want to make sure as many people as possible have the opportunity to share their views on how we spend and invest in their homes, neighbourhoods, and services. I’d urge every tenant to visit our website and share their priorities for how they’d like their rent to be spent.
I also want tenants and residents’ groups to know that they can come to us if they’re worried about being able to pay their rent or have already missed payments.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Quadravest Capital Management Inc. (the “Manager”) is pleased to announce a 7.7% increase in the monthly distribution for the Quadravest Preferred Split Share ETF (“Preferred ETF”) from $0.65 to $0.70 per annum and declares a monthly distribution as follows:
Amount Per Unit:
$0.05833 CAD
Record Date:
October 31, 2024
Payment Date:
November 8, 2024
The increase in distribution is the result of increasing distributions received from portfolio holdings due to resetting, and the strong capital appreciation within the portfolio.
The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio of preferred shares of split share corporations.
Preferred ETF will seek to achieve its investment objectives by investing in an actively managed portfolio of split corp. preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Preferred ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities or income-generating securities, and securities that are convertible into any of the above noted securities provided such investments are consistent with the Preferred ETF’s investment objectives.
Monthly distributions are targeted and will be set at the Manager’s sole discretion and may be changed or vary in subsequent periods, as announced by the Manager. If the total return on the portfolio of the Preferred ETF is less than the amount necessary to fund the monthly distributions and all expenses of the Preferred ETF, this will result in a portion of the distributions paid to unitholders being a return of the capital to unitholders and a decrease in NAV per unit.
The Manager has assigned Preferred ETF a risk rating of “low”.
Founded in 1997, the Manager has a successful track record of creating and managing investment products with approximately $5 billion in assets under management, and proudly manages a portfolio of 13 publicly traded investment products including split share corporations and an investment trust.
Commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the fund, to the future outlook of the fund and anticipated events or results and may include statements regarding the future financial performance of the fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
THE acts appearing at this year’s Abbey Park bonfire and firework display have been announced, with live music, dance, aerial stunts and fire-breathing performances included in the line-up.
Running from 5-9pm on Saturday 2 November, the event will feature up-and-coming Leicester band The Mercians, who have had three number one’s on the iTunes chart and sell-out shows under their belt.
There’ll be more live music from the city’s 2Funky Arts’ Mae Flo, Sariah Carter, Jake Thompson, Dani Matty, Edy Muuya and Linzi.
And the mystical-themed stage show ‘Spellbound’, will feature aerial performers who will wow the audience with gravity-defying feats, alongside songs and dance on stage.
Also in the line-up are the amazing Fire & Sparks, who will show off their incredible pyrotechnics and flame-throwing skills, as well as their fire-breathing ‘dragon and bat’.
The show will be hosted by BBC Radio Leicester’s Ady Dayman and Jo Hayward.
The stage show will take place before and after the two firework displays, which begin at 6.45pm with a quieter display suitable for children and noise sensitive visitors. There will also be a funfair with rides for all ages, and wide range of street food and licensed bars on the park.
People are being urged to make savings by snapping up their tickets now. Available online and from De Montfort Hall ticket office, tickets are on sale at reduced prices if bought in advance. Children aged four and under go free.
Tickets are available online here and in person from De Montfort Hall, Granville Road, Leicester LE1 7RU.
Prices will rise on the day of the event on 2 November.
THE acts appearing at this year’s Abbey Park bonfire and firework display have been announced, with live music, dance, aerial stunts and fire-breathing performances included in the line-up.
Running from 5-9pm on Saturday 2 November, the event will feature up-and-coming Leicester band The Mercians, who have had three number one’s on the iTunes chart and sell-out shows under their belt.
There’ll be more live music from the city’s 2Funky Arts’ Mae Flo, Sariah Carter, Jake Thompson, Dani Matty, Edy Muuya and Linzi.
And the mystical-themed stage show ‘Spellbound’, will feature aerial performers who will wow the audience with gravity-defying feats, alongside songs and dance on stage.
Also in the line-up are the amazing Fire & Sparks, who will show off their incredible pyrotechnics and flame-throwing skills, as well as their fire-breathing ‘dragon and bat’.
The show will be hosted by BBC Radio Leicester’s Ady Dayman and Jo Hayward.
The stage show will take place before and after the two firework displays, which begin at 6.45pm with a quieter display suitable for children and noise sensitive visitors. There will also be a funfair with rides for all ages, and wide range of street food and licensed bars on the park.
People are being urged to make savings by snapping up their tickets now. Available online and from De Montfort Hall ticket office, tickets are on sale at reduced prices if bought in advance. Children aged four and under go free.
Tickets are available online here and in person from De Montfort Hall, Granville Road, Leicester LE1 7RU.
Prices will rise on the day of the event on 2 November.
Stunning light projections created by international visual artists, a spectacular starscape and a giant glitterball are among the dazzling lighting installations visitors can enjoy when Sunderland Festival of Light opens next Friday.
New lighting features introduced for 2024 include ‘The Mirror’ created by Poland based award-winning visual artist Ari Dykier and ‘Hypha’ by French award-winning multidisciplinary artist Sebastien Labrunie.
Other new features for 2024 include Starscape which will create the illusion of a brilliant white starfield, Cosmic Oasis which will see trees lit up with UV light, a laser garden and a giant glitter ball in the park’s historic Victorian bandstand which will act as the focal point of the nightly silent disco.
The sparkling light tunnel over the bridge linking the two sections of the park also make a return after proving popular with visitors last year.
Councillor Beth Jones, Sunderland City Council’s Cabinet Member for Communities, Culture and Tourism, said: “I’m really excited about this year’s Festival of Light.
“It’s always a really popular event and we’ve got some fantastic new light installations this year together with favourites like selfie lane, the sparkling light tunnel over the bridge and our famous Sunderland sign.
“I can’t wait to see the two new light projections created especially for the festival. I think they’ll be real showstoppers and I’m also really looking forward to seeing the giant glitterball in the bandstand and the Starscape star field.”
Visitors to this year’s festival can also take advantage of 20 per cent off tickets for select performances of this year’s Jack and the Beanstalk panto at the Sunderland Empire.
The offer will apply to price bands A – C for the following performances only: Fri 13 Dec – 7pm, Sat 14 Dec – 5.30pm, Sun 15 Dec – 5.30pm, Tue 17 Dec – 7pm & Thu 19 Dec – 7pm. To redeem the offer, make sure to opt in to hear from Sunderland City Council events when buying your tickets.
Sunderland City Council has also partnered with Nation Radio North East as media partner for this year’s Festival of Light.
Nation Radio North East’s Simon Grundy said: “As a partner this year, I’m so pleased Sunderland City Council are doing the Festival of Light again in Mowbray Park. It brings some brightness into our lives on these dark, cold evenings. There’s something for everyone, and seeing the bairns face’s light up, always brings a smile to my face.”
For all those planning a visit to this year’s Festival of Light, here’s everything you need to know before you go:
When and where is the Festival of Light?
The Festival of Light begins on Friday 25 October and will then take place from 4.30pm – 10pm every day during half term Friday 25 October to Sunday 3 November and then 4.40 to 10pm every Thursday to Sunday until Sunday 24 November with the exception of Remembrance Sunday on 10 November. Last admission will be at 8.30pm, and the event will close at 10pm each night. This year’s event is being held in Mowbray Park, Burdon Road, SR1 1PP in Sunderland city centre.
What can I expect?
A sparkling mix of new lighting installations including two new stunning light projections, Starscape, Cosmic Oasis, a giant glitter ball in the Victorian Bandstand as well as a ‘selfie lane’ and a twinkling tunnel over the bridge connecting the two sections of the park.
Do I need to buy a ticket to visit and how much are they?
All visitors must have a ticket to enter the Festival of Light. Tickets cost £5 each and must be bought online in advance. They can’t be bought at the gate. Children under two are free.
Do I have to attend at the time shown on my tickets?
Yes. When buying your ticket online, you will be asked to select an entry time. All visitors must attend at the time shown on their ticket.
Can I change the date and/or time or cancel my ticket once purchased?
No. Festival of Light tickets are strictly non-transferable and non-refundable. Changes cannot be made to your booking once it is confirmed.
Can I leave the Festival of Light and return the same evening with my ticket?
No. Your ticket is only valid for the entry time stated on the ticket. If you leave you will be unable to return at a later time that evening. Once you have entered the Festival of Light there is no limit on how long you can stay at the event.
Is the Festival of Light accessible to pushchairs and wheelchairs?
Yes. The Festival of Light is fully accessible to pushchair and wheelchair users.
Will there be new lighting features and activities at this year’s Festival of Light?
Yes there will be brand new lighting features combined with some classic favourites. You can expect some very exciting special additions this year.
Will there be food and drinks available on site?
Yes. There’ll be a great range of food and drinks available to buy in Mowbray Park. Visitors are also welcome to bring their own food and drinks however alcohol is strictly prohibited.
Will there be toilets and baby changing facilities available at the event?
Yes. Toilets and baby changing facilities will be available.
Will Mowbray Park be free to access during the day?
Yes. Access to the park will remain as usual until approximately 3pm every event day at which point the park will be closed for preparation of event visitors entering at 4pm.
Which roads will be closed during the event?
Due to Mowbray Park’s city centre location, no roads will be closed during the event.
Where can visitors to the event park?
Parking is free Monday – Friday after 3pm at the following car parks:
Gorse Road
West Wear Street
Charles Street
Tatham Street
Nile Street
On street pay and display parking bays are chargeable all days between 8am-6pm at the hourly tariff including Sundays Riverside, St Marys and Sunniside car parks are chargeable at all times. All City Centre car parks are chargeable all day on a Sunday at a flat rate of £3 You can find out more about where to park and parking fees by clicking the links below: Car parks – Sunderland City Council On street parking places – Sunderland City Council
Who do I contact if I have a question about the Festival of Light?
Please email events@sunderland.gov.uk and a member of our team will be happy to help.
Quiet Hour
A ‘quiet hour’ is available to book on selected dates for visitors looking for a quieter or calmer experience. During this time, music in the park will be turned down. Quiet hours are on from 4.30pm – 5.30pm every Thursday.
Haunting happenings at the Alley Theatre this Halloween
18 October 2024
Join the Ghostly Gathering at the Alley Theatre this Halloween with a range of spooky shows, marvellous magic and weirdly wonderful workshops,
Barking Dog Theatre Company presents two shows on Monday 28th October. First up is The Whittaker’s Ghost at 2pm. Enjoy this spine-tingling ghost story, based on a supposedly real-life tale in Montreal in Canada, that’s perfect for ghouls and ghosts aged five to 10-year-olds. Don’t worry about the story being scary, Barking Dog’s two talented actors (with the help of some puppets and children from the audience) present this exciting tale, specially adapted for children. With original music and audience participation as well as use of puppetry and mime, this is an ideal Halloween adventure.
Perfect for little witches and wizards aged under-six ‘Teddy is in Spooky Wood’ will take place at 3.30pm. This is the story of Sammy Ragdoll and her best friend Eddy The Teddy as they take a walk through the woods. Sammy warns Eddy to stick to the path, but Eddy is easily distracted and has a tendency to wander off. Soon he is lost and letting his imagination run away with him. Don’t worry, the only one likely to be scared during this performance is Eddy the Teddy. The production uses many elements of theatre -mime, puppetry and songs for children to join in with. It’s a perfect introduction to live entertainment for children who’ve never been to a show before, and a welcome return for Eddy the Teddy’s young fans. Tickets are £4 or Family Ticket £13 per show
The Alley will be the web of entertainment on Halloween Day – Thursday 31st October from 12noon-5pm. Spend some time encouraging your little ones to learn about the world with the use of imaginative and interactive play at the ‘Roarsome Interactive Role Play Village’. Take this opportunity to step into a world where learning meets imagination! Watch as your little ones dive into a realm of make-believe, and explore the world around them in the most magical way possible, and let the adventures begin this Halloween. Various sessions available from 12noon – 4pm. Cost £2, suitable from walking age to five-year-olds.
Everyone’s favourite magician Parky will also be entertaining all the ghouls, goblins, witches and wizards who visit the Alley for Halloween. His range of magical tricks will leave them spellbound with two shows at 1pm and 3.15pm. Word of warning – Be prepared for spooktacular laughter and giggles. Parky will perform at 1pm and 3.15pm. Admission is free, but must be pre-booked.
You can also get creative in the Alley’s Halloween inspired arts and crafts workshops from 1-5pm. A series of drop-in classes are available to allow you to make some Halloween inspired crafts. Free admission.
Governor Kathy Hochul today announced that the State University of New York, the City University of New York and over 50 private colleges and universities throughout New York State have again come together to offer free application opportunities for high school seniors during New York State College Application Month.
“Ensuring that every student has the opportunity to pursue higher education is a top priority for New York State,” Governor Hochul said. “College Application Month isn’t only about waiving fees — it’s about breaking down financial barriers and opening doors to future opportunities. We’re empowering students across the state to take the first step toward achieving their educational and career goals while removing the financial obstacles that may deter students from pursuing higher education.”
The State University of New York (SUNY) will waive up to five application fees per student across its 64 colleges and universities from Oct. 21 through Nov. 3. The City University of New York (CUNY) is waiving application fees across all 25 campuses for high school seniors attending New York City public schools from Oct. 21 to Nov. 15 and from Nov. 4 to Nov. 15 for all New York State residents applying as a college freshman. CUNY further guarantees admission to all seven of its community colleges for all NYC Public Schools graduates, while private institutions across the state are offering fee waivers that vary by campus. Visit the New York State Application Month waiver webpage here for more information and a complete list of participating NYS colleges and universities.
Last week, Governor Hochul announced that following the increase in income thresholds secured in the FY25 Enacted Budget, more than 40,000 newly eligible New York State students have already submitted Tuition Assistance Program applications for the 2024-25 academic year. B-roll of Governor Hochul meeting with students at the University at Albany’s Financial Aid Office is available on YouTube here and TV quality video is available here.
To assist students with their academic goals, the NYS Higher Education Services Corporation (HESC) and academic partners will offer over 65 virtual and in-person events. These events aim to support students through their college applications, encourage students to learn more about New York State financial aid, and inform them about their college options. Additional assistance with college applications and information on related events can be found on the Apply to SUNY webpage and CUNY Month webpage.
New York State Higher Education Services Corporation President Dr. Guillermo Linares said, “Education is a pathway to opportunity, and New York State College Application Month helps ensure that this pathway is open to all, regardless of background or financial circumstances. By waiving application fees, we’re helping more New Yorkers take that important first step toward achieving a brighter future and reinforcing our commitment to making higher education accessible and attainable for every student across the state. Thank you, Governor Hochul, for proclaiming October as New York State College Application Month and for enhancing access to higher education opportunities for even more New Yorkers.”
SUNY Chancellor John B. King, Jr. said, “There is a place at SUNY for everyone, and we are committed to ensuring the pursuit of higher education is available to all New Yorkers. We are pleased to join Governor Hochul in promoting College Application Month and in providing application fee waivers to ease this step toward college for prospective students who are ready to claim their place on the SUNY campus that’s right for them.”
CUNY Chancellor Félix V. Matos Rodríguez said, “CUNY is deeply committed to removing barriers to higher education, and we are pleased to join educational institutions across the state and country for College Application Month. We will be waiving CUNY’s application fee from October 21 to November 15 as well as offering guaranteed community college admission to all NYC Public Schools seniors. These strategies help communicate directly to students that attending college is a viable option for them and a life-changing opportunity. Thanks to Governor Hochul for her strong and sustained support for higher education across New York State.”
New York State Education Commissioner Betty A. Rosa said, “No student should ever be discouraged from pursuing a path to higher education because of the cost of applying. Waiving application fees sends a clear message to all high school seniors who aspire to higher education: ‘We want you to attend one of New York’s world-class colleges or universities; we want you to succeed; we will support you as you follow your dream.’ The Board of Regents and I commend Governor Hochul for once again prioritizing the needs of all students across New York State.”
New York City Schools Chancellor Melissa Aviles-Ramos said, “College education should be accessible to all young people, and New York City Public Schools is honored to stand beside institutions that are working to remove financial barriers for our most underserved students. As a school system that is deeply committed to giving students the tools to graduate with a strong post-secondary plan and a clear path towards a rewarding career, we commend New York State for making space for equity in applying to college.”
State Senator Toby Ann Stavisky said, “SUNY and CUNY pride themselves on providing a quality and affordable education for all New Yorkers. By waiving application fees we are opening doors for students to continue their educational journey. This helps in reversing declining enrollment. I thank Governor Hochul for making the application process more affordable. I strongly encourage all students to take advantage of this initiative.”
Assemblymember Patricia Fahy said, “I encourage all students and families to take advantage of this window to apply for free at SUNY and CUNY institutions. With expanded tuition assistance, there has never been a more affordable time to attend college or university in New York State, and we will continue working to remove financial barriers for all students seeking to achieve their dream of a higher education.”
President of the Commission on Independent Colleges and Universities Lola W. Brabham said, “New York’s independent colleges and universities are committed to providing access and opportunity to ensure that all students can benefit from the transformative impact of higher education. We must do everything we can to assist students applying to college, especially first-generation students and students from traditionally underrepresented groups. CICU, on behalf of New York’s Independent Sector, is proud to participate in College Application Month, which aims to increase awareness that higher education is accessible to all who wish to pursue it.”
President of New York’s Association of Private Colleges Donna Stelling-Gurnett said, “College Application Month provides an invaluable opportunity to first-generation or financially limited New Yorkers who may not have pursued their higher education because of application fees. Several of APC’s member schools are proud to participate in this year’s initiative to remove financial barriers for students by waiving their application fees throughout the month of October. We thank Governor Hochul for continuing to champion efforts that encourage high schoolers and prospective students to explore opportunities available to them throughout all four higher education sectors in New York State.”
New York State’s College Application Month (CAM) is part of the national American College Application Campaign, which began as a pilot at a single high school in North Carolina in 2005 and has since expanded to all 50 states and the District of Columbia. Coordinated by HESC in partnership with the NYS Education Department, SUNY, CUNY, the Commission on Independent Colleges and Universities, the Association of Proprietary Colleges, the NYC Department of Education and community organizations. CAM encourages high school seniors — especially those from low-income families, first-generation students, and those who may not otherwise apply — to submit college applications early. To date, the national campaign, sponsored by ACT’s Center for Equity in Learning, has helped nearly 4.7 million students submit over 8.7 million applications.
To much media fanfare and growing public anticipation, the Disney+ adaptation of Jilly Cooper’s Rivals (1988) begins on October 18. Cooper’s novel, first published in 1988, is a key “bonkbuster” text – a largely forgotten genre of women’s writing from the 1980s.
Bonkbusters have three key components: they’re full of sex (the bonking) and wildly over the top in terms of storylines and characters, and they were extraordinarily popular (the buster part).
However, like its televisual sister genre, the soap opera, the bonkbuster receded into the background of popular culture in the 21st century. So why is the bonkbuster having a cultural moment in 2024? What is the appeal of adapting a text like Rivals?
We have been researching the bonkbuster genre for a couple of years, looking at its authors, themes and publishing history and talking to readers about their experiences with the genre, both at the time and now.
Also known as the “sex-and-shopping” novel, the bonkbuster was a phenomenally popular genre of women’s writing in the 1980s and 1990s. Besides Cooper, authors like Jackie Collins, Shirley Conran, and Judith Krantz wrote about sex, marriage, friendship and scandal, against a luxurious backdrop of 1980s commercial excess.
‘A Milky Way when you’ve got a fridge full of posh chocolate’
Cooper’s Rivals is fairly typical of the genre – one of the readers in our study, Samantha, aptly described it as: “a full-fat, fun, frothy novel set around class, privilege and horses”. It’s the second in Cooper’s Rutshire Chronicles, following Riders (1985).
Rivals follows two competing television consortiums: Corinium, run by the villainous Tony Baddingham (played by David Tennant); and Venturer, set up by handsome Irish TV star Declan O’Hara (Aidan Turner), plucky Cockney businessman Freddie Jones (Danny Dyer), and notorious lothario Rupert Campbell-Black (Alex Hassell), as they bid for the local TV franchise.
They are helped (and hindered) along the way by American TV executive Cameron Cook (Nafessa Williams), Declan’s actress-wife Maud (Victoria Smurfitt) and unhappily married author Lizzie Vereker (Katherine Parkinson).
This might sound like fairly dry fare, but amid all the clandestine meetings and boardroom bust-ups, the characters fall in and out of love, have gleeful, adulterous affairs, and host lavish dinner parties, balls and naked tennis matches. Tory Rupert even finds time to be minister for sport – until Labour win the election.
Great fun and very funny, Cooper’s books are famously tongue-in-cheek. However, the bonkbuster is also a product of its time – its references and values are, as study participant Samantha observed, “so 1980s”. What, then, is the appeal of books (and now TV shows) like Rivals?
For some readers, the attraction is familiarity. Another reader, Hazel, said: “I don’t have that sense of ‘I cannot put this book down’ because I know exactly what’s coming. They’re so well thumbed, and all wrinkled at the edges because they’ve all fallen in the bath a few times.”
Readers love the fantasy and escapism offered by the genre. As Hazel remarked, “It’s like still wanting a Milky Way when you’ve got a fridge full of Godiva chocolate … Sometimes you just want the sugary fluff.”
There are much-loved characters: Declan O’Hara remains a firm reader favourite, and there is still a lot of affection for Freddie, the rough-diamond industrialist who has lots of money and a terrible wife. Readers also remember the romance between Rupert and Declan’s daughter Taggie (Bella Maclean) fondly, even as they raise an eyebrow at their age gap (Rupert is 37, Taggie 19).
There’s also pleasure to be found in the setting. Cooper sets her novels in the cheekily named county of Rutshire, a fictionalised version of the Cotswolds, with vivid descriptions of stately homes and lush rural landscapes.
The problematic 1980s
But there are some aspects of the text that readers feel differently about, reading now, decades later. Some are simple: fashions have definitely changed, for instance, and the golden era of regional TV franchises has long passed.
More complex, though, are some of the attitudes. While many readers still dearly love these books, they also note some elements that have not aged well: “The class issues … the sexism, racism, homophobia”, says Samantha. Cooper herself once noted that serial womaniser Rupert would probably be “locked up in prison”, post #MeToo.
Readers in our study have particularly commented on the role of Cameron Cook in Rivals, a ruthlessly ambitious and occasionally unlikeable female American TV executive who is “caricatured as this ball-breaking go-getter,” according to Hazel. They wondered if the book were to be published today, whether Cameron would be written as a softer, more relatable character – and, perhaps, treated better by the men around her.
Our readers were also acutely aware of the domestic violence in the book, which they found uncomfortable on rereading. Rivals has several instances of male violence against women, including one so severe the victim requires stitches afterwards – but still defends her attacker.
While readers still find great pleasure in Rivals and other bonkbusters, they simultaneously negotiate some of these more problematic elements as they read the book again, trying to hold the 1980s and the 2020s in their minds at the same time.
It seems likely that the Rivals adaptation will be a commercial success: not only does it build on an audience of loyal readers, but it is also receiving lots of positive early reviews as a hilarious escapist romp.
Directed by Ted Lasso director Elliot Hegarty, and produced by soap director Dominic Treadwell-Collins, the series seems to be aiming for a blend of high-drama soap and quality production values. This is bolstered by the ensemble cast, including many well-known British actors.
Yet, the novel remains inescapably a product of the 1980s, from its second-wave feminist values to characters’ concerns about Aids. As can be seen from the trailer – joyfully belting out Robert Palmer’s 1986 hit Addicted to Love – the adaptation is proudly retaining the 1980s setting. It will be interesting to see just how much of its 1980s values and attitudes remain.
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The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
NASA selected a crew of four research volunteers to participate in its last simulated mission to Mars in 2024 within a habitat at the agency’s Johnson Space Center in Houston. Obaid Alsuwaidi, Kristen Magas, Tiffany Snyder, and Anderson Wilder will step into the 650-square-foot HERA (Human Exploration Research Analog) facility on Friday, Nov. 1. Once inside, the team will live and work like astronauts for 45 days. The crew will exit the facility on Monday, Dec. 16, after simulating their return to Earth. Jordan Hundley and Robert Wilson also were named as alternate crew members. Scientists use HERA studies to examine how crew members adapt to isolation, confinement, and remote conditions before NASA sends astronauts on deep space missions to the Moon, Mars, and beyond. The studies provide data about human health and performance in an enclosed environment over time with crews facing different challenges and tasks. The four volunteers will carry out scientific research and operational tasks throughout their simulated mission, including raising shrimp, growing vegetables, and “walking” on the surface of Mars using virtual reality. They will also experience communication delays lasting up to five minutes as they “near” Mars, allowing researchers to see how crews may respond to the type of delays astronauts will encounter in deep space. Astronauts traveling to the Red Planet may encounter one-way communication delays lasting as long as 20 minutes. As with the previous HERA missions, crew members will conduct 18 human health studies during the mission through NASA’s Human Research Program. Collectively, the work helps scientists understand how a spaceflight-like environment contributes to the physiological, behavioral, and psychological health of crew members. Insights gleaned from the studies will allow researchers to develop and test strategies aimed at helping astronauts overcome obstacles on deep space missions.
Primary Crew
Obaid Alsuwaidi Obaid Alsuwaidi serves as captain engineer for the United Arab Emirates’ (UAE) Ministry of Defense. In this role, he provides guidance in civil and marine engineering and addresses challenges facing the organization. Previously, Alsuwaidi worked as a project manager for the defense ministry, helping to streamline productivity, establish high standards of professionalism, and build a team of experts to serve the UAE’s needs. Alsuwaidi earned a bachelor’s degree in Engineering from Western Sydney University in Australia, followed by a master’s degree in Civil and Environmental Engineering from George Washington University in Washington. In his free time, Alsuwaidi enjoys horseback riding, swimming, and running. Kristen Magas Kristen Magas is an educator and engineer, currently teaching at Tri-County Regional Vocational Technical High School in Franklin, Massachusetts. She also mentors students involved in a NASA design and prototyping program, helping them develop and fabricate products to improve life in space on both International Space Station and Artemis missions. Magas was a finalist for the 2025 Massachusetts State Teacher of the Year. Magas received bachelor’s and master’s degrees in Civil and Environmental Engineering from Cornell University in Ithaca, New York. She also holds a master’s degree in Vocational Education from Westfield State University in Massachusetts. She has worked as a community college professor as well as a design engineer in municipal water and wastewater treatment. In her spare time, Magas enjoys coaching robotics and track and field, hiking, biking, and staying connected with her community. She has two children and resides in North Attleboro, Massachusetts with her husband of 25 years. Tiffany Snyder Tiffany Snyder is a supervisor for the Cybersecurity Mission Integration Office at NASA, helping to ensure agency missions are shielded against cybersecurity threats. She has more than 20 years of information technology and cybersecurity experience, working with the Air National Guard and as a special agent with the Defense Counterintelligence Security Agency. She joined NASA in 2018 as an IT specialist, and later served as the deputy chief information security officer at NASA’s Kennedy Space Center in Florida, providing cybersecurity oversight. Snyder holds a bachelor’s degree in Earth Science from the State University of New York at Buffalo and a master’s degree in Digital Forensics from the University of Central Florida in Orlando. In her spare time, she enjoys playing with her dogs — Artemis and Apollo, gardening, running, and visiting the beach with her family. Anderson Wilder Anderson Wilder is a Florida Institute of Technology graduate student working on his doctorate in Psychology. His research focuses on team resiliency and human-machine interactions. He also works in the campus’s neuroscience lab, investigating how spaceflight contributes to neurobehavioral changes in astronauts. Wilder previously served as an executive officer and engineer for an analog mission at the Mars Desert Research Station in Utah. There, he performed studies related to crew social dynamics, plant growth, and geology. Wilder received his bachelor’s degrees in Linguistics and in Psychology from Ohio State University in Columbus. He also holds master’s degrees in Space Studies from International Space University in Strasbourg, France, and in Aviation Human Factors from the Florida Institute of Technology. He is completing another master’s degree in Cognitive Experimental Psychology at Cleveland State University in Ohio. Outside of school, Wilder works as a parabolic flight coach, teaching people how to fly in reduced gravity environments. He also enjoys chess, reading, video games, skydiving, and scuba diving. On a recent dive, he explored a submerged section of the Great Wall of China.
Alternate Crew
Jordan Hundley Jordan Hundley is a senior consultant at a professional services firm, offering federal agencies technical and programmatic support. Prior to his current position, he focused on U.S. Department of Defense clients, performing model-based system engineering and serving as a subject matter expert for related operations. Hundley was commissioned into the U.S. Air Force through the Reserve Officers’ Training Corps program at the University of Central Florida in Orlando. While on active duty, he served as an intercontinental ballistic missile operations officer. He later joined the U.S. Air Force Reserve. Currently, he is a space operations officer with experience in space battle management and electromagnetic warfare. Hundley earned a master’s degree in Engineering Management from Embry-Riddle Aeronautical University in Daytona Beach, Florida. He is currently pursuing a second master’s degree in Systems Engineering at the university. Hundley holds a private pilot license and is a certified rescue diver. In his spare time, he enjoys hiking and camping, researching theology, and learning musical instruments. Robert Wilson Robert Wilson is a senior researcher and project manager at the Johns Hopkins University Applied Physics Laboratory in Laurel, Maryland. He leads work enhancing human-machine collaborations, developing human prediction models, and integrating that technology into virtual reality and robotic systems designed to operate in isolated, constrained, and extreme environments. His human-machine teaming expertise also extends into responsible artificial intelligence development. He recently participated in a United Nations Roundtable discussion about artificial intelligence in security and defense. Wilson received his bachelor’s and master’s degrees in Biomedical Engineering from Purdue University in 2013 and 2015, respectively. He earned his doctorate in Mechanical Engineering from the University of Colorado Boulder in 2020. Outside of work, Wilson is an avid outdoors enthusiast. He enjoys scuba diving, winter camping, backcountry skiing, and hiking through the woods or mountains throughout the year. At home, he also likes to tinker in computer networking and self-hosted systems. ____ NASA’s Human Research Program pursues the best methods and technologies to support safe, productive human space travel. Through science conducted in laboratories, ground-based analogs, commercial missions, and the International Space Station, the program scrutinizes how spaceflight affects human bodies and behaviors. Such research continues to drive NASA’s mission to innovate ways that keep astronauts healthy and mission-ready as human space exploration expands to the Moon, Mars, and beyond. For more information about human research at NASA, visit: https://www.nasa.gov/hrp
Hsinchu, Taiwan, Oct. 18, 2024 (GLOBE NEWSWIRE) — Andes Technology, a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, today announces the AndesCore™ AX66 out-of-order superscalar multicore processor IP supporting the RVA23 profile. The AX66 is the 2nd member of the high-performance out-of-order AX60 series. Built on the success of the AX65 with the same 13-stage pipeline, 4-wide decode, and 8-wide out-of-order execution, the AX66 introduces many new features, including Vector and Vector Crypto support, Hypervisor and AIA, Multi-Cluster support with CHI, and RVA23 profile support. AX66’s versatile capabilities on performance scalability, multimedia, security, and virtualization makes it an ideal main processor in high-performance Linux and Android applications such as edge/data center AI, infotainment, networking, and vision/camera applications.
The AX66 boosts the SpecInt2006 performance over the 1st generation AX65 by more than 15%. Each core has 64KB private L1 instruction and data caches and up to 1MB private L2 cache, and each cluster contains up to 8 cores and a shared L3 cache up to 32MB. Besides the IO coherence interface already in the AX65, the AX66 adds a Coherence Hub Interface (CHI) for multi-cluster coherence. With the CHI interface support, we can use much more AX66 CPUs to work together in the same cache-coherent domain. Together with the Hypervisor, AIA and optional IOMMU technologies, the AX66 can fully virtualize the entire multi-cluster CPU subsystem for resource sharing and security. Moreover, the AX66 supports the RISC-V standard external debug and instruction trace interfaces to facilitate fast system development, analysis and debugging.
“We are excited to announce our 2nd member of the top-of-the-line AX60 series, to further expand our portfolio,” said Dr. Charlie Su, President and CTO of Andes Technology. “We have added numerous features to the AX66, enabling its usage across a wide range of applications. With the RVV support, the AX66 can now handle more advanced AI/ML and multimedia applications. The inclusion of the Vector Crypto extension and the optional IOMMU provides the security capability for a modern day platform system. Additionally, the Hypervisor, AIA, CHI interface support make the AX66 suitable for the data center network applications such as Smart NIC or Data Processing Unit(DPU), and edge servers or devices running containerized applications. The inclusion of the RVA23 profile allows the AX66 to run Android OS on wearables, POS terminals, digital signage, and TV set-top boxes. We anticipate the AX66 to further penetrate high-end mainstream markets.”
The AndesCore™ AX66 is to be available for lead customers in Q4 2024 through the early access program and for general customers in 2025. For further information about the AX66 and the AX60 series processors, please contact Andes Technology.
About Andes Technology
Nineteen years in business and a Founding Premier member of RISC-V International, Andes is a publicly-listed company (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099) and a leading supplier of high-performance/low-power 32/64-bit embedded processor IP solutions. Its V5 RISC-V CPU families range from tiny 32-bit cores to advanced 64-bit Out-of-Order processors with DSP, FPU, Vector, Linux, superscalar, automotive and/or multi/many-core capabilities. By the end of 2023, the cumulative volume of Andes-Embedded™ SoCs has surpassed 14 billion. For more information, please visit https://www.andestech.com . Follow Andes on LinkedIn, Twitter, Bilibili and YouTube!
MILES AXLE Translation. Region: Russian Federation –
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
Five Rosneft subsidiaries have won the VI National Award “Corporate Museum”. The award ceremony took place in Nizhny Novgorod. It was attended by 250 delegates from all over the country and neighboring countries.
Rosneft actively participates in significant events in Russian cultural life and supports projects aimed at reviving the country’s spiritual and national values.
The Corporate Museum competition consisted of two stages – expert evaluation and project defense. Participants from 51 cities of Russia, the Republic of Belarus and the Republic of Azerbaijan presented 107 projects in various nominations.
RN-Uvatneftegaz won a second-degree diploma in the New Exposition category. The company’s corporate museum was opened eight years ago. It regularly hosts excursions for schoolchildren, including those from Rosneft Classes and the First Movement, students of specialized specialties from universities and industry veterans. At the exposition, visitors can see unique historical exhibits, as well as a model of an oil field, which presents key production and social facilities. In addition, the exhibition hall has a virtual hologram guide. This year, the museum has already been visited by more than 350 guests.
Bashneft was awarded a 3rd degree diploma in the Discovery of the Year category. The creation of the corporate exposition is timed to coincide with an important anniversary date: in 2022, the oil industry of Bashkortostan celebrated its 90th anniversary. The exhibition introduces its guests to the history of Bashkir oil and demonstrates the achievements of oil workers. The museum has become a single platform for holding corporate, educational and career guidance events.
Angarsk Petrochemical Company received a 3rd degree diploma in the nomination “Best Corporate Museum”. The museum was founded in 1988. Its exposition presents the entire history of the enterprise: from a fragment of the layout of the construction sites of Combine-16 (the future ANHK) to the products of modern production. The collection has over 34 thousand exhibits. The most interesting of them are equipped with QR codes, with the help of which you can get additional information in the mobile application. In the display cases of the halls there are numerous awards, diplomas, cups that ANHK teams were awarded. On the stands are the names of the pioneers, on TV screens are films about the historical past and about modern realities.
The Saratov Oil Refinery was awarded a 3rd degree diploma in the nomination “Corporate Social Responsibility”. The museum, founded in 1985, is a modern, multifunctional exhibition complex. It hosts excursions, career guidance events, thematic meetings and classes, round tables, screenings of historical films and award ceremonies for the company’s employees.
Syzran Oil Refinery received a 3rd degree diploma in the nomination “Best educational projects of a corporate museum”. The museum and presentation complex, opened on May 9, 2019, consists of two halls: a historical hall and a presentation hall. The historical hall displays exhibits and art objects, as well as multimedia kiosks that show video materials from different years and interactive notes about the plant. The presentation hall can easily be transformed into a cinema hall or a place for holding meetings, gatherings, and training seminars.
Reference:
The National Award “Corporate Museum” is held with the support of the Ministry of Culture of the Russian Federation and the Russian Committee of the International Council of Museums.
The competition is aimed at developing project practices in the field of corporate social responsibility of enterprises, updating industrial heritage and popularizing historical and cultural values of Russian companies. Over 6 seasons, 675 projects from 345 participants were presented.
Department of Information and Advertising of PJSC NK Rosneft October 16, 2024
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
MILES AXLE Translation. Region: Russian Federation –
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
A large-scale project to create a new look for the Ob River embankment, the calling card of Nizhnevartovsk and a favorite place for city residents to relax, was implemented within the framework of an agreement between Rosneft Oil Company and the government of the Khanty-Mansiysk Autonomous Okrug of Yugra.
The construction of the embankment was preceded by engineering arrangement of the coastline. Strengthening with metal structures and reinforced concrete retaining walls with waterproofing and artificial stone cladding was carried out. The drainage system is arranged taking into account the features of the relief, the level of underground waters and the depth of soil freezing.
The embankment is landscaped while preserving the natural relief of the area. Coverings for walking, running and cycling paths have been created. Viewing platforms, recreation areas with sun loungers and swings have been built in the walking areas. Lawns for family recreation have been profiled on the slopes. Modern play complexes made of environmentally friendly materials have been installed for children, which support the visual concept of the embankment.
Several locations are intended for holding cultural events – an open amphitheater, an exhibition complex and an area for holding folk craft fairs have been built on the boulevard. The entire embankment area is accessible to people with limited mobility.
Volunteers of Samotlorneftegaz and activists of the Movement of the First, who planted greenery, took part in the grand opening of the embankment. The organizers held a sports and musical warm-up for them.
Rosneft implements social projects aimed at creating favorable living conditions in the regions of its presence. In particular, it supports initiatives in the field of creating a comfortable urban environment.
Reference:
Samotlorneftegaz is one of Rosneft’s key production enterprises, developing the Samotlor field, the largest in Russia. Under the agreement between Rosneft and the government of Khanty-Mansiysk Autonomous Okrug – Yugra, the company actively participates in the social development of the region. Thanks to the support of Samotlorneftegaz, over the past three years, more than 20 significant social infrastructure facilities have been opened in the region.
Among the largest are the buildings of the largest school in Nizhnevartovsk for 1,725 children and two kindergartens, a rollerdrome, the youth club “EcoQuant”, the technopark “EngineerUm”. An ice rink was built in the Nizhnevartovsk region, and a universal sports complex in Khanty-Mansiysk.
Samotlorneftegaz also supported the program to ensure Internet accessibility for the indigenous peoples of the Khanty-Mansiysk Autonomous Okrug-Yugra. About 2 thousand residents of ancestral lands received a connection to the World Wide Web.
Department of Information and Advertising of PJSC NK Rosneft October 16, 2024
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
Headline: Huawei Globally Unveils Intelligent Campus 2030 White Paper
[Dubai, UAE, October 16, 2024] During GITEX Global 2024, Huawei released the Intelligent Campus 2030 white paper for markets outside China at the forum Redefining Intelligent Campus with ICTs, Maximizing Enterprises’ Intelligent Productivity with Xinghe Intelligent Campus. This white paper envisions the future of the intelligent campus.
David Shi, Vice President of Huawei’s ICT Marketing & Solution Sales Dept, delivered an opening speech at the forum. He highlighted that as digital technology advances, the intelligent connectivity of everything will become a reality, which will allow campuses to be fully digital and intelligent. He added that future campuses will become fully perceptible, collaborative, and constantly online smart buildings that are capable of self-learning, self-troubleshooting, and making decisions and executing them independently. “Huawei is committed to bringing digital to every campus for pervasive intelligence and has been deeply involved with intelligent campuses for many years. We have proposed to redefine campuses with ICTs and have leveraged the advantages of our product portfolios to reshape campus connectivity, platform, and business. Up to now, we have helped over 1000 customers worldwide build secure, green, digital, and intelligent campuses,” said David Shi.
David Shi, Vice President of ICT Marketing & Solution Sales Dept, Huawei
Eric He, CEO of Huawei Campus Team, said in his speech that revolutions in energy and information take us closer to the intelligent world, where campuses will play a crucial role. As Eric He explains, we have entered the stage of intelligent campus 2.0, which is 10 Gbps, digital, intelligent, and green. During this stage, campus networks will evolve from simply transmitting data to providing quality connections, campus platforms will move beyond integrating IoT to providing data intelligence, and extensive business management will be upgraded to low-carbon operations. “Relying on ICTs to redefine campuses, Huawei looks forward to working with customers and industry peers to innovate as well as envision and build intelligent campus 2030,” he said.
Eric He, CEO of Huawei Campus Team
Hawn Zhao, President of the Campus Network Domain, Data Communication Product Line, Huawei, introduced Huawei’s Xinghe Intelligent Campus Solution at the forum. As enterprises are witnessing a surge in the number of devices and video conferences, their digital and intelligent office requires improved network performance, security, experiences, and O&M. Huawei’s all-scenario Wi-Fi 7 products can strengthen signals by 100% and improve concurrency by 50%. In addition, Huawei’s application experience assurance solution ensures smooth video conferences and protects VIP services from being compromised, while the Wi-Fi Shield prevents data eavesdropping to ensure 100% network security.
Helping Customers Advance Digital and Intelligent Transformation
Ibrahim Al Kindi, IT Director of the Arab Authority for Agricultural Investment and Development (AAAID), shared AAAID’s experience in intelligent campus construction. AAAID and Huawei have collaborated to enhance its office experiences in five areas: seamless access, intelligent office conferences, full wireless network coverage, AI-based building control, and centralized IoT device access. Ibrahim Al Kindi stated that this is just the beginning of a new era of intelligent office, and AAAID will continue to explore the digital and intelligent transformation of the office field.
Fahad Daghriri, Chief Information Officer of Technical and Vocational Training Corporation (TVTC) in Saudi Arabia, shared how TVTC built an intelligent campus network with the help of Huawei. This network allows for wide coverage, high performance, and efficient O&M, improving mobile office for teachers and studying for students. “Our collaboration aims to achieve a win-win situation, promote digital transformation, build a one-stop campus network, create a smart education platform, and lay a solid foundation for long-term development,” said Fahad Daghriri.
Releasing the Intelligent Campus 2030 White Paper
Huawei globally unveils the Intelligent Campus 2030 white paper
The campus is a basic unit in the making of a city. It is the main place where people live and work. It acts as an important carrier to boost the digital economy, and a key point to realize green and low-carbon transformation. In recent years, the industry has conducted in-depth exploration and cultivated practices surrounding the intelligent campus. Huawei, along with industry experts and scholars, provides insights into its future in the Intelligent Campus 2030 white paper.
Based on the insights into and practices of global intelligent campuses, this white paper proposes a far-sighted definition of future intelligent campus along with visions for its advancement. It outlines five trends that affect intelligent campus development, systematically depicts 10 typical future scenarios, and defines six key technical features of future intelligent campuses for the first time. Innovatively, the white paper proposes a unique reference architecture for the intelligent campus and 22 quantitative indicators to predict the prospects of intelligent campuses, guiding their implementation and construction.
Click the link to read more about the white paper: https://www.huawei.com/en/giv/intelligent-campus-2030
Business student Emily Laput ’26 (CLAS) created her own marketing and consulting firm when she was in high school. That impressed interviewers at NBC Universal in New York City, and helped her capture a coveted summer internship.
Across the city, recent alum Peter Spinelli ’24 (BUS, CLAS), is working as a production intern at ABC News. He is passionate about increasing the percentage of Gen Z adults who watch TV news.
And alumna Emilia Kwasniak ’24 (BUS) —a self-described “theater kid” who loved the Nickelodeon show “Victorious” when growing up—is now a long-term temporary employee at the first TV channel created exclusively for kids.
Students Eager to Apply Business Knowledge in Creative Industries
Professor Sami Ghaddar, of the Boucher Management & Entrepreneurship Department in the School of Business, says the news and entertainment industries have become increasingly attractive to UConn students because they offer a compelling combination of creativity, adaptability, and strategic opportunity.
“The diversity of work within these industries is undoubtedly a key factor. The ability to work across various mediums and platforms allows our students to apply their business skills in dynamic and innovative ways,’’ he says. “Moreover, the versatility of a business degree is evident in how students can navigate these rapidly changing fields, leveraging their entrepreneurial mindset to succeed in new and exciting ways.’’
Kelly Kennedy, Director of Transformative Learning at the School of Business, agreed. She’s meeting more business students who are looking for opportunities beyond traditional employment paths, reflecting a larger generational shift toward more personally meaningful work.
“Creative industries need to hire analytical business students who are adaptable, driven, and can navigate a fast-paced environment with ease,’’ she says. “The proximity to New York City offers UConn business students both alumni networking opportunities and access to prestigious companies, making it easier to secure competitive internships. Their success speaks to the quality of our academic and experiential programs that equip our business Huskies with the confidence, tenacity, and grit to redefine work on their own terms.’’
Emily Laput Applied for 200 Summer Jobs
This summer, Laput, an honors student majoring in marketing and communications, worked as a corporate communications intern at NBC Universal in New York City. But getting a dream summer internship wasn’t an easy task.
“Professor Kennedy forced me to think about what I want to do and where I want to be. I had worked at an energy nonprofit recently and wasn’t interested in the industry, but entertainment and media offered something new every day,’’ she says. “I applied for more than 200 summer positions, including 20 at NBC Universal, all with customized applications.’’
She got five first-round interviews at NBC Universal, two second-round interviews, and then the offer.
Emily Laput ’26 helped promoted a new Minions movie this year (contributed photo).
“I think what helped me stand out is that in high school I created my own marketing and consultancy firm, and I did fundraising and event planning,’’ says Laput. “Creating my own opportunities really gave me a great start. I’m a junior and I enjoy forging my own opportunities and finding a path to get ahead.’’
One of her favorite summer tasks was helping promote a new Minions movie, “Despicable Me 4.” Prior to the movie’s release on July 3, she led the creation of a “Day in the Life of a Minion” reel. A native of Beacon Falls, Laput had been the mascot at her high school, which gave her an edge in starting the project. She created an Instagram reel that showed the Minion at the Kelly Clarkson Show, watching a movie trailer, and even buying bananas at the company commissary.
“This job brings me so much joy, it’s so cool,’’ she said over the summer. “Who else walks into work with the Today Show filming when you enter your office? I was on the Today Show elevator and [anchor] Hoda Kotb said hello to me. That made my day, my whole summer, actually.’’
In addition, the network partnered with America’s VetDogs to socialize a puppy named Atlas, who will soon be placed with a veteran. Laput handled Atlas’ Instagram posts. She also worked on employee engagement projects and edited the company newsletters. She says the variety of work made the days interesting.
“When I’d walk into work every day, I’d think, ‘This job was made for me!,’” she says. Originally leaning toward event planning, she now wants to work in internal communications and employee engagement.
Laput says she’d advise other interns not to wait around for an assignment, but instead suggest projects that interest them.
“If you have an idea, there’s no risk in throwing it out there. If it isn’t possible, move on,’’ she says. “I think what makes me different is that I ask for work, express interest in things, like video editing, and come up with ideas. If you express your career goals clearly, it lets others know what projects you would enjoy working on, and that’s more exciting.’’
Peter Spinelli Believes It’s Important to Be Informed
Only 11% of Gen Z adults routinely watch the news on television. When Spinelli discovered that fact, as part of a research project for his Content Entrepreneurship class at UConn, he was disappointed.
“Now that I’m of voting age, I think it is important to know what’s going on in your state and in your country. I want to make sure people are watching,’’ Spinelli says. He believes that 24-hour news streaming and social media can help leverage engagement.
He has spent the last few months working as a production intern at ABC News in New York. His team recruits on-air talent for the network and some of its affiliates. Spinelli has traveled to journalism conferences in Chicago, Los Angeles, and Austin, Texas, to connect young journalists to the company.
Peter Spinelli ’24 added journalism courses to his academic work during his senior year (contributed photo).
“I feel lucky to be traveling with the team. I enjoy the recruiting aspect,’’ he says. “I could see myself being with this team permanently one day. But before I do, I want to gain experience in production.’’
Spinelli has also vetted potential employees, reviewing their reels and previous work. He has learned more about what the company seeks in on-air talent and gained insight into the decision making that goes on behind the scenes.
“Being a younger person in the room, they would ask me who I liked and what’s appealing to a younger person. I appreciated being included in the discussion,’’ he says.
Spinelli, a native of Shelton, had a marketing internship at a health-insurance company, but wasn’t enamored with the work. In 2023, he pursued an internship at WTNH in New Haven, and that fueled his interest in broadcast journalism and production. He helped reporters with their scripts, edited some videos, and got a chance to try many aspects of the business.
“I’d be at an animal shelter one day, surrounded by puppies, and at the site of a shooting the next day,’’ he says. “It was fast-paced, and I loved that it was something different every day.’’
In addition to his coursework as a double major in management and communication, Spinelli says serving as a UConn Tour Guide and as Vice President of the Undergraduate Student Government prepared him well for his current job.
“As a tour guide, you’re working to present UConn in a positive light and answer questions about the university,’’ he says. “On the other side, the student government is often calling on the administration to do something better. During my time there, we created a food pantry because we knew there were students who were struggling and living on ramen. I have seen both sides.’’
“Those two jobs both involved telling the student story, from recruiting to advocacy,’’ he says. “Those two experiences prepared me for what I’m doing now, especially when it comes to being impartial and telling both sides of the story.’’
He credits the flexibility of UConn’s academic programs for allowing him to add journalism courses during his senior year. Before graduation, he applied to 50 jobs and internships. He says he feels lucky to have been hired by ABC, which is a Disney-owned company. His job runs until January, and he would love to stay on permanently.
One of the most surprising aspects of his job is how welcoming the talent is.
“They are very responsive to any request. They always come up to chat and never say no to posing for a photo or appearing in a silly video that I’m making for our team’s Instagram,’’ he says. “It’s great to know they’re the people they come across as on TV.’’
Emilia Kwasniak Enjoys the Business Side of Media
Growing up in Brooklyn, N.Y., Emilia Kwasniak was a proud theater kid. One of her favorite TV shows was “Victorious,” a Nickelodeon sitcom revolving around Tori Vega, a promising talent who attends Hollywood Arts, a fictional performing arts high school.
“It aligned well with me as a theater kid. In that show, all the performing arts kids are super cool,’’ she says, laughing.
Kwasniak says her long-term temporary job as a media planning coordinator at Nickelodeon involves importing shows, commercials, promos, and ratings, as well as scheduling and marketing strategy. She distinguishes herself by being a quick study and a conscientious worker.
Emilia Kwasniak ’24 is working at a place that inspired her as a child (contributed photo).
“I’m so happy to work somewhere that impacted me as a kid,’’ she says. “It is very collaborative here and I’m working with phenomenal people. I’m very lucky.’’
During her time at UConn, Kwasniak was an Honors student, photo producer for The Daily Campus, and Vice President of Internal Services for UConn Student Television.
But perhaps the most impactful experience was serving as Director of Media for the HuskyTHON Miracle Network Dance Marathon, which required a year-long commitment to strategizing and executing the fundraiser’s marketing campaign, including photography, videography, and managing a team of 10 student photographers. The event raised a record-breaking $1.7 million for Connecticut Children’s Foundation.
“Before this experience, working in the entertainment business seemed like a far-fetched dream. But HuskyTHON helped me realize that I could truly succeed in that environment. It’s the largest student-run organization on campus, so on top of the marketing experience I gained, it was also a big time commitment. I had to collaborate with a lot of people and cross-functional teams, which even included employees and families from Connecticut Children’s,’’ she says.
“There were so many email chains, meetings, and projects that I had to shift my attention to on a daily basis, while consistently maintaining the high quality of my work, so it taught me a great deal about what a professional workplace looks like,’’ she says. “It was essentially like an internship and equipped me with all the professional skills I needed to succeed.’’
Kwasniak’s greatest accomplishment in that role was producing the announcement video that brought the year-long campaign to life. “It surpassed 100,000 views on Instagram, which is an impressive accomplishment that helped me stand out during my Nickelodeon interview,’’ she says. “As the media planning coordinator, my role is to promote Nickelodeon’s short-and long-term campaigns on our channels, so it was helpful to mention my campaign announcement video and the tangible results that came from promoting it.’’
Kwasniak credits a one-credit career development course she took with Kennedy for giving her a foot in the door at Nickelodeon. Kennedy had assigned the students to reach out to conduct an informational interview with someone at a company where they might want to work.
“I knew someone who worked at Nickelodeon and asked for advice,’’ Kwasniak says. They had a great conversation, and the woman gave Kwasniak guidance to enhance her professional experiences.
“Right before graduation, she called and asked if I’d be interested in a temporary job. I said, ‘I’m beyond interested!’’’ she recalls. “If it weren’t for that class, I wouldn’t have had the confidence to reach out and ultimately wouldn’t have the job.’’
Kwasniak applied to UConn as a political science major, capitalizing on her love of history and social studies. But she kept exploring other options and wound up majoring in finance.
“I realized I can work on the business side of media and entertainment. I didn’t think I could create the content, but I could certainly help put it out,’’ she says. Today she promotes events and premiers, including the new Teenage Mutant Ninja Turtles show and The Kids’ Choice Awards.
“If I told 10-year-old me that I work at Nickelodeon now, she would probably think that I’m pranking her,’’ Kwasniak says. “As a kid, I didn’t even realize that working in entertainment was an option for me. I always had this expectation that becoming an adult and working an ‘adult job’ would be boring. Ten-year-old me would be so proud of me for finding a job that I am truly passionate about, and that I look forward to every day. And she would definitely think that I’m the coolest person in the world!’’
FREMONT, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced that it has started shipping IQ8™ Microinverters to support newer, high-powered solar panels in select countries and territories, including the Netherlands, Austria, Malta, and New Caledonia. Enphase is entering the solar markets for Malta and New Caledonia for the first time with this launch.
In Malta, Enphase introduced three microinverters – IQ8MC™, IQ8AC™, and IQ8HC™ – featuring a peak output power of 330 W, 366 W, and 384 W, respectively. In New Caledonia, Enphase introduced the IQ8AC and IQ8HC Microinverters. The new microinverters seamlessly pair with a full range of solar modules up to 560 W DC. IQ8 Microinverters activated in Malta and New Caledonia come with a 25-year warranty from Enphase.
“New Caledonia’s climate and unique geography makes system reliability and production crucial,” said Damien Keyser, director at Green Energy NC, an installer of Enphase products in New Caledonia. “IQ8 Microinverters have exceeded our expectations in this regard. Their robust performance, coupled with Enphase’s industry-leading warranty, gives our clients confidence their investment is protected for the long haul.”
“Enphase IQ8 Microinverters maximize quality, reliability, and performance,” said Ing. Mario Cachia, CEO and director of business at Alternative Technologies Ltd., an installer of Enphase products in Malta. “Their seamless integration and module-level monitoring allow our clients to manage self-consumption and navigate peak pricing. In our dynamic energy market, this smart technology is a game-changer.”
IQ8X™ Microinverters are also available now for customers in the Netherlands and Austria and feature a peak output AC power of 384 W, designed to support higher powered solar modules up to 560 W DC. The microinverters are compatible with modules with higher cell counts, such as 96-cells and 88 or 80 half-cut cells.
“Enphase IQ8 Microinverters have transformed our approach to solar installations,” said Tim Montfrooij, project manager at Koller Hattem BV, an installer of Enphase products in the Netherlands. “The ease of installation coupled with the ability to support a wide range of module wattages gives us the flexibility to design efficient, optimized systems tailored to our clients’ needs.”
“Enphase is setting a new industry standard with its ongoing innovation and commitment to quality,” said Florian Morche, technical manager at Energieversorgung Kleinwalsertal GesmbH, an installer of Enphase products in Austria. “The superior performance and reliability of IQ8 Microinverters mean that our customers can enjoy peace of mind knowing their solar systems will perform optimally for years to come.”
“IQ8 Microinverters are transforming residential solar with a reputation for top-tier adaptability and performance,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “We are empowering installers with technology to help simplify installations and maximize energy production for homeowners. This expansion reinforces our commitment to driving innovation in diverse markets worldwide.”
For more information about IQ8 Microinverters, please visit the Enphase websites for Malta and New Caledonia. Learn more about the IQ8X Microinverters on the websites for the Netherlands and Austria.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 76.3 million microinverters, and over 4.3 million Enphase-based systems have been deployed in more than 150 countries. For more information, visit https://enphase.com/.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; the ability to seamlessly pair with a full range of solar modules up to 560 W DC; the availability and market adoption of Enphase’s products in select markets; and plans on entering new markets. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) — A global TransUnion (NYSE: TRU) analysis found that fraud continues to significantly impact businesses and their bottom lines. The newly released H2 2024 Update to the State of Omnichannel Fraud Report, which explores fraud trends in the first half (H1/January 1-June 30, 2024) of this year, also found that the lender risk exposure to synthetic identities for U.S. auto loans, bank credit cards, retail credit cards and unsecured personal loans reached their highest point ever.
Among the key findings in the report were the results of a TransUnion survey of more than 800 business leaders in Canada, India, the U.K. and the U.S. which revealed total fraud losses of 6.5% equivalent of their companies’ revenue. This totaled approximately $359 billion among these business leaders’ organizations, a number which projects out exponentially greater when considering these represent only a small percentage of business leaders. Among those surveyed in the U.S., they said their company lost the equivalent of 6.7% of their revenue due to fraud over the past year, totaling $112 billion.
In addition, 75% of the global survey respondents said that every type of fraud they measured stayed the same or increased year-over-year (YoY). Nearly half of respondents indicated that scam/authorized fraud, wherein a person is tricked into giving up something of value, saw the greatest YoY increase. It was also the most common cause of fraud loss according to global respondents at 31% and US respondents at 35%. In fact, in the U.S., this was more than double the next most common cause of fraud losses – synthetic identity fraud at 17%.
“Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by global organizations to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Steve Yin, global head of fraud at TransUnion. “Business that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs.”
According to proprietary insights from TransUnion’s global intelligence network, the global rate of suspected Digital Fraud remained stubbornly high in H1 2024 at 5.2% of all transactions. For transactions where the consumer was located in the U.S., 4.6% of digital transactions were suspected to be fraudulent over the period. Breaking it down by the industry, the highest rate of suspected Digital Fraud for transactions where the consumers were in the U.S. was the gaming sector, for which 13.3% of all transactions in that industry were suspected to be fraudulent in H1 2024.
Synthetic Identity Lending Exposure Reaches New Record High
Potentially driven in part by the wealth of stolen identities acquired via data breaches, accounts opened using synthetic identities continue to put lenders at risk. In fact, the increases among overall lender exposure to synthetic identities for US auto loans, bank credit cards, retail credit cards and unsecured personal loans continued in H1 2024. TransUnion documented such exposure rising from $3.0 billion in H1 2023 to $3.2 billion in H1 2024, an all-time high and growth of 7% YoY. The share of accounts opened for the four tradelines by synthetic identities rose 18% YoY, also reaching an all-time high.
The auto loan industry continued to be the most impacted by lender exposure to synthetic identities among the four tradelines, accounting for $2.0 billion of the total in H1 2024, the fourth consecutive first half of the year in which auto has seen the greatest exposure. In fact, since surpassing bankcards in H1 2021, auto loan exposure is now double that of bankcard, which is currently at $1.0 billion.
“Fraudsters are increasingly using synthetic identities to accumulate balances, particularly targeting the auto industry,” said Yin. “Unfortunately, this warrants attention to as the market is now facing a rising threat of charge-offs.”
Lender Exposure to Synthetic Identities Continues to Trend Upward, Led by Auto
End of H1 2020
End of H1 2021
End of H1 2022
End of H1 2023
End of H1 2024
Auto Loans
$871M
$869M
$1.3B
$1.8B
$2.0B
Bankcards
$966M
$783M
$951M
$1.1B
$1.0B
Retail Credit Cards
$250M
$183M
$157M
$145M
$121M
Unsecured Personal Loans
$48M
$36M
$57M
$57M
$52M
Totals
$2.1B
$1.9B
$2.4B
$3.0B
$3.2B
Source: TransUnion TruValidate™ data
The percentage of newly-opened accounts connected to synthetic identities has also seen a steady rise since 2020, and in H1 2024 stood at 0.20% of all accounts associated with the four tradelines in the table above. The tradeline with the highest percentage in H1 2024 was bank card, which was at 0.33% for the period, followed closely by auto loans at 0.27%.
Industry Perspective: Online Forums and Dating Sites Most Impacted by Digital Fraud in H1 2024
In H1 2024, the communities industry – which includes web properties like online forums and dating sites – experienced the largest percentage (11.5%) of suspected Digital Fraud globally. This represents a 23% increase over H1 2023. TransUnion’s communities customers reported profile misrepresentation as the most frequent type of fraud they witnessed in H1 2024. Not surprisingly, the communities industry had the highest suspected Digital Fraud rate in seven of the 19 countries and regions analyzed in H1 2024.
In terms of global volume, synthetic identity fraud was the fastest-growing Digital Fraud type across industries from H2 2023 to H1 2024, increasing by 153%. Electronic fund transfers fraud saw the highest YoY growth, up 113% from H1 2023 to H1 2024. However, promotion abuse, which is defined as consumers or fraudsters taking advantage of marketing offers to receive unintended financial incentives, was the most common Digital Fraud type globally in H1 2024, with 3.6% of Digital Fraud reported to TransUnion by its customers.
TransUnion came to its conclusions about Digital Fraud based on intelligence from its identity and fraud product suite that helps secure trust across channels and delivers efficient consumer experiences – TransUnion TruValidate. The rate or percentage of suspected Digital Fraud attempts reflect those that TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) determined to be fraudulent upon customer investigation, or 4) determined to be a corporate policy violation upon customer investigation —compared to all transactions it assessed for fraud.
Download the TransUnion H2 2024 Update to the State of Omnichannel Fraud Report to learn more. Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia.
For more information and insights about the global fraud trends, please download the report. Consumers who believe they may be a victim of fraud can find resources and information here.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
CALGARY, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) — Under the burden of high living costs, Canadians are making difficult sacrifices and finding ways to share expenses to make ends meet and save money. According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, nearly one-third (30%) of Canadians report that they have turned to bill-splitting strategies—such as carpooling, buying in bulk, sharing subscriptions and childcare, and cohabiting with others. More than one in ten (13%) indicate they are saving money by cohabiting with friends, partners, or family members, or by seeking out additional roommates or co-living spaces. Nearly three in 10 (28%) Canadians say they have even resorted to eating less to save money.
“We’re witnessing a bill-splitting boom as Canadians adapt to the high cost of living. Strategies like sharing expenses and co-living arrangements showcase not only resourcefulness but also the financial pressure many are facing,” says Grant Bazian, president of MNP LTD, the country’s largest insolvency firm. “These measures reflect the harsh reality of soaring living costs, compelling Canadians to find new ways to save. It’s particularly concerning that nearly three in ten report they are cutting back on food to make ends meet.”
Canadians are making other sacrifices to manage costs. Half (51%) say they have tried to save money by grocery shopping more strategically, and nearly half say they are avoiding impulse purchases (46%) or have stopped eating in restaurants or getting take-out (44%). The bill-splitting trend is more common among Canadians aged 18 to 34 and those living in British Columbia and Alberta. Similarly, co-habitation is more prevalent among younger Canadians, British Columbians, and those with lower income.
Cost-Cutting Measures and Lower Interest Rates Create Breathing Room in Some Household Budgets
Perhaps in part due to prudent cost-cutting efforts and with the pace of interest rates declining, Canadians are reporting some relief and improvements in their financial situation. The MNP Consumer Debt Index has increased by four points from the previous quarter to 89 points, signalling Canadians are feeling more positively about their personal finances. Canadians are building up the bank this quarter, reporting they have on average $155 more left over at the end of the month, reaching $937, the largest amount of money Canadians have had after all expenses in the last five years. Just over four in 10 (42%) Canadians say they are $200 or less away each month from financial insolvency – the lowest recorded proportion since September 2018 (40%).
“While cost-saving behaviours and lower interest rates have positively impacted Canadians’ perceived financial well-being, a significant minority—close to four in 10—still report being on the brink of insolvency, indicating they are struggling to make ends meet,” says Bazian. “Still, financial pressure is easing, providing individuals with more flexibility to manage their debts and invest in their future.”
Impact of Interest Rates on Debt and Financial Outlook
With Canadians expecting interest rates to continue falling over the next few years, perceptions of their ability to absorb interest rate increases have improved; one quarter (24%, +3pts) say they are much better equipped to manage an interest rate increase of one percentage point than they used to be, increasing three points since last quarter. More Canadians are looking positively to the future, with three in 10 (31%, +2pts) expecting their debt situation to improve when looking ahead one year from now, and fewer believing it will worsen (12%, -4pts).
Following three interest rate cuts this year, still almost half (48%, +1pt) of Canadians say even if interest rates decline, they are concerned about their ability to repay their debt. While slightly fewer this quarter say they will be in financial trouble if interest rates go up, more than half (54%, -3pts) still indicate they would be in trouble. Almost half of Canadians who are co-habiting (46%) or are bill-splitting (44%) are at risk of insolvency.
“Although inflation has eased and interest rates have fallen, many Canadians continue to feel the heavy burden of accumulated debt. Despite some relief, the difficult truth is that for those grappling with significant debt, cost-cutting measures alone may not provide the support they need,” explains Bazian. “Seeking guidance from a Licensed Insolvency Trustee can be a vital step for those looking to regain control of their financial situation, and bankruptcy is not the only recourse.”
Licensed Insolvency Trustees provide unbiased advice on options including debt consolidation, debt management plans, budgeting, and consumer proposals as well as bankruptcies. They are the only federally regulated debt professionals who are authorized to administer government-regulated insolvency solutions such as bankruptcies and consumer proposals.
“While bill-splitting strategies can offer temporary relief, they often don’t address the root of deeper debt issues. For those feeling overwhelmed by bills and debt, seeking advice from a Licensed Insolvency Trustee is a crucial step toward long-term financial stability,” says Bazian.
MNP’s extensive network of Licensed Insolvency Trustees provides free consultations in over 200 offices nationwide, delivering local, personalized support to help Canadians navigate their debt options.
Looking ahead to how Canadians plan to cut costs or save money in the year to come, the survey revealed the following:
Canadians’ Top Money-Saving Strategies For the Next 12 Months
Bill Splitting – 27%
Co-habitation – 14%
Creating a Budget / Recording All Expenses – 14%
Cancelling Subscriptions – 13%
Stopping Eating in Restaurants or Getting Takeout – 13%
Avoiding Impulse Purchases – 13%
Reducing Utility Consumption – 13%
Going Thrift Shopping – 12%
Finding Free or Low-Cost Entertainment – 12%
Grocery Shopping Strategically – 12%
Negotiating Bills – 11%
Cutting Vices – 10%
Moving Somewhere More Affordable – 10%
Splitting Grocery Costs / Buying in Bulk with Roommates, Friends, or Family – 9%
About MNP LTD
MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 240 Canadian offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit MNPdebt.ca to contact a Licensed Insolvency Trustee or use our free Do it Yourself (DIY) debt assessment tools. For regular, bite-sized insights about debt and personal finances, subscribe to the MNP 3 Minute Debt Break Podcast.
About the MNP Consumer Debt Index
The MNP Consumer Debt Index measures Canadians’ attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses, and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians.
Now in its 30th wave, the Index has increased to 89 points, up four points since last quarter. Visit MNPdebt.ca/CDI to learn more.
The data was compiled by Ipsos on behalf of MNP LTD between September 6 – September 11, 2024. For this survey, a sample of 2,000 Canadians aged 18 years and over was interviewed. Weighting was then employed to balance demographics to ensure that the sample’s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.5 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.
The game, released by Chinese company Game Science on Aug. 19, 2024, is based on the legendary 16th century Chinese novel “Journey to the West.” The novel tells the story of a monk, Xuanzang, who journeys to India in search of Buddhist scrolls. The monkey Sun Wukong protects the monk by confronting and battling various demons and spirits.
Black Myth: Wukong has captivated millions with its stunning visuals and storytelling. It quickly became a cultural sensation in China and abroad, attracting widespread attention and praise for its graphic fidelity and technological sophistication.
As global affairsscholars, we see that the game’s success goes beyond the number of downloads or accolades. It’s what this success is driving within China’s technology sector that has far-reaching consequences.
Video games and global power
For years, China has been playing catch-up in the tech race, particularly in the production of semiconductors – the tiny microchips that power everything from smartphones to advanced artificial intelligence systems. The United States has maintained its dominance in this field by limiting China’s access to the most advanced chip-making technology.
As of 2024, China has shifted away from its aggressive “wolf warrior” diplomacy to a more cooperative approach in order to rebuild international ties. The government has also issued mandates for companies like Huawei to develop domestic chips. However, China’s success in boosting semiconductor development and production using these approaches has been limited.
Historically, video games have played a significant role in driving technological innovation in the semiconductor industry. From the early days of the 8-bit Nintendo Entertainment System to the modern PlayStation 5, gaming has always pushed chipmakers to develop faster, more efficient processors and graphics processing units, or GPUs. The intense graphical requirements of modern games – high resolutions, faster frame rates and real-time rendering – demand the most advanced semiconductor technology. The development of advanced GPUs by companies like NVIDIA was directly influenced by the gaming industry’s needs.
Gamers require advanced processors to enjoy Black Myth: Wukong’s high-end visual and gameplay experience. Built using the state-of-the-art Unreal Engine 5 video game development tool, the game is a visual spectacle featuring lifelike graphics, seamless open-world environments and complex combat systems. The game is available for PlayStation 5 and PCs, and Game Science plans to release an Xbox version.
As Black Myth: Wukong sweeps across gaming platforms, it not only puts pressure on China’s semiconductor makers to build more and better chips, but it also reveals the vast market potential for high-performance hardware, especially for gaming PCs equipped with powerful GPUs. The game’s success showcases just how big the demand is.
China’s gaming industry has surged into a global powerhouse, yet it remains dependent on foreign-made chips. Coupled with the West’s restrictions on chip exports, Wukong has become a key catalyst for China’s semiconductor development, and domestic companies now face growing pressure to innovate.
This pressure aligns with Beijing’s broader technological ambitions. The government’s “Made in China 2025” plan calls for technological self-reliance, particularly in sectors like semiconductors, where China lags behind. And advanced GPUs haven’t been confined to the entertainment industry. They have become integral to advances in AI, including deep learning and autonomous systems.
Flexing China’s cultural muscle
While it might seem strange to link video games with geopolitics, Black Myth: Wukong is more than just entertainment. It’s a tool in China’s soft power arsenal. Soft power is nations influencing each other through cultural exports. For decades, the West, particularly the U.S., dominated global culture through Hollywood, music and video games.
Now, China is flexing its cultural muscle. The success of Black Myth: Wukong abroad, where it has been hailed as a game-changing title, is part of Beijing’s strategy to export its culture and technological prowess. Millions of gamers around the world are now being exposed to Chinese mythology, art and storytelling through a highly sophisticated digital medium.
‘China Stay Winning’ American YouTubers react enthusiastically to Black Myth: Wukong. (Audio NSFW)
But Black Myth: Wukong isn’t just a cultural triumph for China; it’s a warning shot. The country is taking advantage of its booming gaming industry to drive advances in a field that will define the future of technology. This game not only exports Chinese culture but also strengthens its tech base by accelerating the demand for domestic semiconductors.
While Black Myth: Wukong entertains millions, it also shows China’s growing influence in the digital realm. In the future, we might not look back at Black Myth: Wukong as just a successful video game, but as a catalyst that helped China close the technological gap with the West. Beijing is playing a long game, and video games like Black Myth: Wukong are turning out to be effective weapons.
The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation – USA – By Jasmin Lilian Diab, Assistant Professor of Migration Studies; Director of the Institute for Migration Studies, Lebanese American University
The escalation of hostilities between Israel and Hezbollah since September 2024, and Israel’s bombing of civilian areas across Lebanon, have unleashed a profound humanitarian disaster.
An estimated 400,000 Lebanese and Syrians have reportedly fled into Syria through overcrowded border crossings.
Not to be confused with return, this movement represents a reversal of the refugee flow that followed the descent of Syria into civil war in 2011. It is also emblematic of a broader pattern of cyclical displacement crises in the region.
The complex and intertwined histories of Lebanon and Syria – where each has at various points been a refuge for citizens of the other – challenge the simple binaries often associated with the refugee experience.
The exchange of roles between Lebanon and Syria highlights not only the fragility of regional stability but the fluidity of displacement – and the deeper implications that cross-border movement has on the sociopolitical dynamics of both countries.
A history of reciprocal refuge
The relationship between Lebanon and Syria has long been complex, oscillating between cooperation and tension. Despite Syria’s official withdrawal from Lebanon in 2005 after decades as an occupying force, the two countries remain connected due to shared borders, economic ties and security concerns. Cooperation exists in areas such as trade, but there is significant tension, especially over the presence of over 1 million Syrian refugees in Lebanon.
Yet, throughout their modern histories, one of the most enduring bonds has been the shared experiences of displacement and refuge, dating back to Lebanon’s civil war. From 1975 to 1990, thousands of Lebanese fled to Syria to escape the sectarian-driven conflict that engulfed their homeland.
The post-war period, however, was marked by a shift in the dynamics between the two countries. The 2005 withdrawal of Syrian troops from Lebanon marked a new chapter in their relations.
Tensions rose as Lebanon sought to rebuild and assert its sovereignty after nearly 30 years of Syrian occupation. Yet, the region’s tendency for upheaval soon saw the roles reversed again decades later, when an estimated 180,000 Lebanese took refuge in Syria during the 2006 July war.
With the onset of the Syrian civil war in 2011, it was Lebanon’s turn to serve as a refuge. By 2015, 1 million Syrians fleeing violence made the journey into Lebanon.
Despite being one of the 44 countries never to have signed the 1951 Refugee Convention, Lebanon is the country hosting the largest number of refugees per capita globally.
Because Lebanon didn’t sign the convention, it doesn’t formally recognize refugee status, which gives the country what it views as more control over its refugee policies. While Lebanon receives humanitarian support from the United Nations’ refugee agency, refugees remain in a precarious legal status, with limited rights.
For many Lebanese, this most recent influx of fleeing Syrian refugees has rekindled memories of their own displacement, while for others, it has fueled anti-refugee sentiments.
Bouncing between 2 war-torn countries
With the latest escalation of the Israel-Hezbollah conflict, history is again repeating itself. Lebanese citizens, primarily from Hezbollah strongholds in South Lebanon and the Beqaa Valley, are seeking refuge in Syria, a country still grappling with its own economic collapse, violence and internal strife.
While the conflict on Lebanese territory has gone on for more than a year, movements into Syria only picked up in late September 2024 as people have become more desperate to flee.
As one displaced person forced to flee from Beirut explained to me: “Syria was certainly not a ‘better’ option than Lebanon six months ago, but in the last week, since the attacks on Beirut and political assassinations, Syria is safer – despite everything it is going through. That’s how unsafe we feel in Beirut – we are bouncing between one war-torn country and another.”
Syrian displacement to Lebanon has been portrayed by some Lebanese politicians as one-directional. This appears to be in order to frame Syrian refugees as the sole recipients of aid – as opposed to Lebanese citizens – as well as burdens on Lebanon.
When displacement occurs in both directions, however, this narrative begins to break down.
Syrian refugees who once sought safety in Lebanon now see their home country as a safer haven – albeit a fragile and temporary one. Meanwhile, Lebanese citizens face the same kinds of vulnerability and desperation that their Syrian counterparts experienced over the past decade.
Importantly, testimonies from those who are making the trip from their ‘temporary’ home in Lebanon back to Syria highlight that these movements should not be mistaken for return. Rather, they are in themselves a temporary solution.
As one Syrian who had fled his Lebanese home explained to me: “No, I am not returning. I am rather leaving one foot in Lebanon and one in Syria. Syria is in no way a safe place. As men, we are at risk of arrest and forced conscription. However, Lebanon is momentarily, at this point in history, much less safe. We do this assessment week by week. I sent my wife and my children first. I will follow.”
For their part, internally displaced Lebanese entering into Syria insist that these movements are “absolutely temporary.” One told me: “Syria is not foreign to us. It feels close and familiar. But most importantly, it feels temporary and is the right proximity to Lebanon. As soon as things calm down we will come back to our homes. Many of us have nothing to go back to, but even in this case, we will not remain in Syria.”
The strain of displacement
Both Lebanon and Syria are, in many ways, ill-equipped to handle the new wave of displacement.
By 2023, Lebanon’s economic collapse had driven 80% of its population into poverty, making it nearly impossible to absorb the additional strain of mass internal displacement.
Government paralysis, compounded by political deadlock, leaves internally displaced people with little to no state support, mostly relying on aid and community networks to survive.
Syria, though in the position of “host” in this current migratory flow, is similarly constrained. The country’s infrastructure remains devastated from more than a decade of civil war. Basic services are stretched thin, and the economy has not recovered. Humanitarian organizations coordinating the response are working amid overextended resources and dwindling support.
A region in perpetual chaos
As the armed conflict between Israel and Hezbollah escalates, the displacement crisis in Lebanon and Syria will, I fear, likely worsen.
The recent wave of Syrian refugees and Lebanese into Syria reveals the cyclical nature of refuge in the region. Ultimately, the ongoing displacement crisis in Lebanon and Syria serves as a reminder that refuge is often temporary, contingent on the shifting geopolitics of the region.
The histories of these two countries, where both have served as havens for the other’s displaced populations, underscore the complexity of displacement in the Middle East.
The fact that Lebanese citizens are now seeking shelter in Syria, a country from which over 1 million refugees fled just over a decade ago, underscores the volatility of regional displacement patterns. It also raises critical questions about the sustainability of international refugee systems that too often rely on static, one-directional models of migration and don’t account for the fluid and often reversible nature of displacement.
Jasmin Lilian Diab does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed
Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial
Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai‘i Time
HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) is mailing the following letter to Territorial shareholders in connection with the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”) to vote on the proposed merger with Hope Bancorp, Inc. (NASDAQ: HOPE) (“Hope Bancorp”) and related proposals. The Special Meeting is scheduled for November 6, 2024 at 8:30 a.m., Hawai‘i Time. Territorial shareholders of record as of August 14, 2024 are entitled to vote at or before the meeting. Other important information related to the Special Meeting can be found at http://www.TerritorialandHopeCombination.com.
Dear Fellow Territorial Bancorp Shareholders,
On November 6, 2024, Territorial Bancorp is holding a Special Meeting of Stockholders (the “Special Meeting”) to vote on our pending merger with Hope Bancorp. Failure to approve the merger could have significant negative consequences for the value of your investment and Territorial’s continued success.
Don’t be misled: Blue Hill Advisors LLC (“Blue Hill”) has only issued press releases and presentations. Blue Hill has warned that its indication of interest is “non-binding” and has provided no evidence that it would – or could – actually pay for the Company. Moreover, there are very real concerns that Blue Hill could complete a transaction at all.
Protect your investment: The Territorial Bancorp Board of Directors strongly recommends that all Territorial shareholders vote “FOR” the Hope Bancorp merger and related proposals TODAY. Your vote is important, no matter how many, or few, shares you own.
The Territorial Board of Directors is Committed to Doing What is in the Best Interest of Territorial Shareholders and Pursuing the Most Value Creating Path
Blue Hill Has Provided No Information that Would Enable the Territorial Board to Deem Its Preliminary Indication of Interest Superior or Likely to Lead to a Superior Proposal
In negotiating the Hope Bancorp merger agreement, the Territorial Board obtained important protections for our shareholders – namely a superior proposal provision. This provision enables the Board to have discussions with parties who present an alternative to the Hope Bancorp merger so long as the alternative proposal is real, fully financed and actually or likely “superior” to the Hope transaction. To meet this standard, the alternative proposal must, among other things, be more favorable to our shareholders from a financial point of view and be reasonably likely to close. Blue Hill has not met these and other thresholds.
No verifiable evidence Blue Hill can actually pay for your shares and fund the likely additional capital infusion into Territorial Savings Bank required with its acquisition. Blue Hill has only referenced “capital support” and pointed to its assets under management (“AUM”), neither of which are committed financing. Proving committed financing is easy so long as you have it, but Blue Hill has not provided any such evidence, which compounds doubts about its credibility and the credibility of its preliminary indication of interest. Assets under management are assets that belong to other people and Blue Hill has not shown it has any authority to access those funds to pay for Territorial.
No confidence that its proposed transaction is reasonably likely to close.
Lack of M&A and regulatory experience: Blue Hill has made vague references to having M&A experience. However, Territorial has found no information to prove that Blue Hill has previously applied for – or secured – regulatory approvals for any transaction of this size and complexity. If Blue Hill has such a track record, where is it?
Evasive about obtaining required regulatory approvals or simply ignoring them: The takeover of an entire bank, as Blue Hill is seeking, is likely a controlled acquisition under banking law. The coordinated efforts of six “discrete” investors per Blue Hill’s proposal would likely be viewed as a group that is “acting in concert,” increasing regulatory scrutiny and requirements – none of which Blue Hill has acknowledged or addressed. Nor have they offered even a guess as to how long these approvals will take.
Rejected by regulators: Blue Hill has refused to disclose the identity of its “discrete investors” and replacement Board and management. What is Blue Hill hiding? In addition, no information has been provided on how it would address safety and soundness issues regarding interest rate risk, liquidity, capital and earnings, which are paramount to regulators. Blue Hill’s lack of information all but ensures that regulatory applications would be rejected as soon as they were submitted.
Failed tender offer: Territorial has an approximately 50% retail shareholder base and a fragmented institutional investor base. Given these facts, it is highly unlikely that Blue Hill would be able to complete the 70% tender offer it has proposed.
No assurances that Blue Hill will stand by its price and not reduce it if the Hope Bancorp merger agreement was terminated or following its unspecified “due diligence.” Keep in mind – Hope Bancorp reduced its proposal for Territorial after conducting due diligence, and Blue Hill has explicitly stated that its indication of interest is conditioned on due diligence and is non-binding.
No assurances that Blue Hill won’t put its interests before your own: Blue Hill has entered into secret side agreements with its “discrete” investors. The terms of these agreements have not been disclosed and Blue Hill has not offered any governance structure, much less one that protects your interests.
On four occasions we have publicly provided Blue Hill with a roadmap of the basic elements that need to be addressed before we would be able to engage in discussions with them under the terms of the Hope Bancorp merger agreement. Despite this, Blue Hill has repeatedly failed to provide credible and verifiable information as to these basic elements.
Given these and other factors, the Territorial Board has not concluded that the Blue Hill proposal constitutes or is reasonably likely to lead to a superior proposal, as defined by the Hope Bancorp merger agreement. As a result, the only way to unilaterally engage in discussions with Blue Hill would be to break our obligations under the Hope Bancorp merger agreement, which would expose Territorial and our shareholders to substantial, costly litigation risk and the possibility of no transaction at all.
Territorial Shareholders Are at Great Risk If the Hope Bancorp Merger is Terminated and the Only Strategic Alternative is Blue Hill
The Value of Your Shares Could Decline Substantially
Hope Bancorp addresses Territorial’s business challenges. Blue Hill does not: While the overall market may have changed, Territorial’s business fundamentals have not. As a standalone, monoline, one- to four-family loan focused bank, Territorial faces substantial business and regulatory risks – even in a declining interest rate environment. The Company has been operating at a loss over multiple quarters; loan growth is flat; and revenues are declining.
These and other factors led to the Board’s decision to cut Territorial’s dividend to essentially $0 and enter into the Hope Bancorp merger agreement. While our challenges would be addressed by Hope Bancorp’s larger, stronger, more diversified platform, Blue Hill offers nothing to benefit the business if the Hope Bancorp agreement is terminated. Indeed, with Blue Hill, Territorial would have the same standalone hurdles that it does today and potentially much worse.
With Blue Hill, the value of your shares and protection of your rights could be substantially diminished: If Blue Hill is unable to complete a 100% tender, the remaining Territorial shareholders would be left with an illiquid, stub minority investment in a controlled company and with limited rights. Stub stocks generally trade at a lower price and valuation and can be highly volatile.
A Blue Hill transaction would be taxable; the Hope Bancorp merger is not. Blue Hill’s tax consequences could potentially leave shareholders with less – in some cases substantially less – than the per share value Blue Hill has proposed.
Territorial shareholders will not immediately receive any payment for their shares while any transaction with Blue Hill is sitting in regulatory limbo. Given the time-value-of-money, delays mean that the net value of Blue Hill’s preliminary indication of interest, if completed, would be substantially less than what it has proposed. Meanwhile, your stock would remain tied up during the Blue Hill tender and could not be sold.
The Hope Bancorp Merger Is the Best, Most Value-Creating Opportunity for Territorial Shareholders at Close and Over the Long-term
Unlike the illusion that Blue Hill is promoting, the value creation and other benefits from the Hope Bancorp merger are real and achievable.
100% tax free, stock-for-stock transaction: 0.8048 shares of Hope Bancorp for each Territorial share owned
~25% premium to Territorial’s closing stock price just prior to merger announcementi
1,000%+ increase to Territorial’s standalone dividend (from $0.01 to $0.11 per share)ii
Upside value opportunity by being invested in larger, more diversified company with a strong capital position and larger investment platform that is better positioned to navigate varying market environments
$10.5M of incremental value from annual merger enabled cost savings and synergies
Proven management team with strong record of superior value creation – total shareholder returns (“TSR”) outperforming peers
Choice as shareholders could also choose liquidity now if they prefer not to stay invested in the combined organization
The merger will also create significant benefits for our customers, employees and local Hawai‘i communities. Hope Bancorp values the relationships we have established and wants to build on them.
We will continue to operate under the Territorial name.
Our local branches and operations will be led by local teams – Territorial’s customers can benefit from additional choices and rely on the same people they know and respect.
Employees will continue to receive competitive compensation and benefits and will have additional career opportunities.
We will continue to support and invest in our local communities.
The Territorial Board Continues to Recommend that Shareholders Vote FOR the Hope Bancorp Merger
The Territorial Board takes its fiduciary responsibilities seriously. Absent more information from Blue Hill, there is no basis to engage with Blue Hill or reach a determination that their illusory, non-binding, highly conditional preliminary indication of interest is superior, likely to lead to a superior proposal, or is in Territorial shareholders’ best interests.
In contrast, with Hope Bancorp, we will become part of a larger, more diversified regional bank, unlocking new value creation opportunities for shareholders while building on our more than 100-year legacy of serving and supporting our local Hawai‘i communities.
We are on a path to complete the Hope Bancorp transaction by the end of this year, subject to the condition that a majority of our shares are voted in favor of it. Your vote is important – no matter how many, or how few, shares you own. Every vote counts.
So please, join me and the entire Territorial Board and management team by voting FOR the Hope Bancorp merger by internet, phone or mail today.
Sincerely
Allan S. Kitagawa Chairman of the Board, President and Chief Executive Officer
Your Vote Is Important, No Matter How Many or How Few Shares You Own!
Please take a moment to vote FOR the proposals set forth on the enclosed proxy card — by Internet, telephone toll-free or by signing, dating and returning the enclosed proxy card or voting instruction form. Vote well in advance of the Special Meeting on November 6, 2024 at 8:30 a.m. Hawaiʻi Time.
If you have questions about how to vote your shares, please contact:
Laurel Hill Advisory Group
Call toll-free: (888) 742-1305 Banks and brokers should call: (516) 933-3100 Email: info@laurelhill.com
About Us
Territorial Bancorp Inc., headquartered in Honolulu, Hawaiʻi, is the stock holding company for Territorial Savings Bank. Territorial Savings Bank is a state-chartered savings bank which was originally chartered in 1921 by the Territory of Hawaiʻi. Territorial Savings Bank conducts business from its headquarters in Honolulu, Hawaiʻi, and has 28 branch offices in the state of Hawaiʻi. For additional information, please visit https://www.tsbhawaii.bank/.
Additional Information about the Hope Merger and Where to Find It
In connection with the proposed Hope Merger, Hope has filed with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4, containing the Proxy Prospectus, which has been mailed or otherwise delivered to Territorial’s stockholders on or about August 29, 2024, as supplemented September 12, 2024. Hope and Territorial may file additional relevant materials with the SEC. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE PROXY PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR FURNISHED OR WILL BE FILED OR FURNISHED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. You may obtain any of the documents filed with or furnished to the SEC by Hope or Territorial at no cost from the SEC’s website at http://www.sec.gov.
Forward-Looking Statements
Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the low-cost core deposit base, diversification of the loan portfolio, expansion of market share, capital to support growth, strengthened opportunities, enhanced value, geographic expansion, and statements about the proposed transaction being immediately accretive. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, Territorial Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The closing of the proposed transaction is subject to regulatory approvals, the approval of Territorial Bancorp stockholders, and other customary closing conditions. There is no assurance that such conditions will be met or that the proposed merger will be consummated within the expected time frame, or at all. If the transaction is consummated, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial Bancorp and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; deposit attrition, operating costs, customer loss and business disruption following the merger, including difficulties in maintaining relationships with employees and customers, may be greater than expected; and required governmental approvals of the merger may not be obtained on its proposed terms and schedule, or without regulatory constraints that may limit growth. Other risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in Hope Bancorp’s or Territorial Bancorp’s areas of operation or elsewhere; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s or Territorial Bancorp’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp or Territorial Bancorp; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; and diversion of management’s attention from ongoing business operations and opportunities. For additional information concerning these and other risk factors, see Hope Bancorp’s and Territorial Bancorp’s most recent Annual Reports on Form 10-K. Hope Bancorp and Territorial Bancorp do not undertake, and specifically disclaim any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.
i Based on Territorial and Hope Bancorp’s closing prices as of 4/26/24 (day before merger announcement) ii Based on 0.8048 fixed exchange ratio and Hope Bancorp’s $0.14 current per share dividend
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) — Vimeo (NASDAQ: VMEO), the world’s most innovative video platform, is proud to announce its new partnership with the European Film Academy to celebrate the diversity and layered richness of European filmmaking.
This exciting collaboration builds upon both organizations’ shared mission to celebrate creators as they educate, entertain and inspire audiences worldwide. As part of the partnership, the European Film Academy will provide a new destination for European audiences to discover extraordinary films and filmmakers, including some Vimeo Staff Picks content, on its website. Vimeo will also serve as the exclusive title sponsor of the European Short Film category at the European Film Awards this December, underscoring its dedication to supporting emerging talent and celebrating exceptional creativity within the European film community. The category will be renamed “EUROPEAN SHORT FILM – Prix Vimeo.”
“We are deeply honored to collaborate with the European Film Academy to celebrate the visionary European filmmakers who are shaping the future of cinema,” said Philip Moyer, CEO of Vimeo. “Europe has been an authentic soul for storytelling for centuries, and the European Short Film Awards is one of the most respected showcases for exceptional new talent within the European film community. Vimeo is committed to supporting European filmmakers with tools, and visibility. We are proud to support the European Film Awards’ short film competition with the EUROPEAN SHORT FILM – Prix Vimeo award, as the organization recognizes and inspires new generations of European filmmakers.”
The European Film Academy is a long standing customer, using Vimeo’s OTT service to deliver video-on-demand to its members. Vimeo also hosts its European Film Club platform. This expanded partnership introduces exciting new avenues for creative expression and recognition. The European Film Awards’ website will now showcase its weekly selection of European Film Award-nominated short films and Vimeo Staff Picks. This creates an opportunity to celebrate short films all year long and will provide film enthusiasts access to an ever evolving collection of exceptional content.
Vimeo will also lend its support to the prestigious European short film category of the European Film Awards, taking place on December 7, 2024 in Lucerne, Switzerland.
“This expanded partnership with Vimeo marks exciting new steps for the European Film Academy,” said Matthijs Wouter Knol, CEO and Director of the European Film Academy. “Together, we can amplify the voices of some of the world’s most talented filmmakers and provide them with an even greater platform for their innovative storytelling to flourish. We are happy to join forces and are particularly thrilled to welcome Vimeo “Staff Picks” to our Awards’ website, offering our members and film enthusiasts a curated selection of exceptional films from the Vimeo community.”
Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at http://www.vimeo.com.
About the European Film Academy
The European Film Academy is a non-profit organization dedicated to supporting and promoting European cinema. Founded in 1988, the Academy seeks to support and connect its 5,000 members and celebrates and promotes their work. Its aims are to share knowledge and to educate audiences of all ages about European cinema. Positioning itself as a leading organisation and facilitating crucial debates within the industry, the Academy strives to unite everyone who loves European cinema, culminating annually in the Month of European Film and the European Film Awards, by including European film heritage in its portfolio and by expanding its focus on young audiences through the European Film Club. Learn more at http://www.europeanfilmacademy.org.
BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, today announced the acquisition of Safety Net, a leading Michigan-based IT services firm. With the acquisition, Thrive will expand its reach to the Midwest, enabling Safety Net’s customers to have access to Thrive’s industry-leading global Security Operation Center (SOC) & Hybrid Cloud solutions.
Thrive’s mission is to empower their customers to harness the promise of technology, achieving success by proactively utilizing IT, cybersecurity, and Cloud best practices to drive ROI and desired business outcomes for their valued clients. The union of Thrive and Safety Net will ensure that customers in Michigan will continue to enjoy the exceptional high-touch managed services they’ve come to love, along with newly enhanced 24x7x365 global SOC, cybersecurity, and hybrid cloud resources.
“Safety Net’s similar business philosophies and company culture are a perfect fit as our Midwest regional platform,” said Rob Stephenson, CEO of Thrive. “Their product and service sophistication, client first mentality, and dedicated team of talented engineers will allow Thrive to grow in Michigan, as well as expand deeper into other Midwest markets with their strong leadership team.”
“With over two decades of providing strategic IT solutions to Michigan businesses, our team is excited to accept the challenge of accelerating our growth to become the premier managed services provider in the Midwest,” said Tim Cerny, CEO of Safety Net. “Our mission seamlessly aligns with Thrive’s commitment to deliver the best technology outcomes for customers. With their partnership, we look forward to elevating our technology capabilities to fulfill the rapidly emerging IT complexity that our clients face.”
To learn more about Thrive and its offerings, visit the website.
About Thrive Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at http://www.thrivenextgen.com or follow us on LinkedIn.
MILES AXLE Translation. Region: Russian Federation –
Source: Novosibirsk State University – Novosibirsk State University –
Today, a press conference dedicated to the upcoming Golden Valley forum was held at the TASS press center in Novosibirsk.
Rector of NSU, Academician of the Russian Academy of Sciences Mikhail Fedoruk, speaking about the reasons for holding the forum, noted:
— Now, due to the development of the university, due to the fact that it has significantly expanded in scale and in the number of faculties, students and the projects that it carries out, it plays the role of a center of attraction on the territory of the Novosibirsk Scientific Center. This is facilitated by the university’s participation in all key federal development programs, such as “Priority 2030”, Advanced Engineering Schools, Creation of a Network of Modern Campuses, etc. The university is beginning to more actively position itself as a leading educational and scientific-technological center. Therefore, we are holding the second forum, which brings together large enterprises and scientific organizations. The goal of the forum is to strengthen and develop the university’s interaction with industrial partners and in the future to attract them to joint developments and technologies already based on the university.
Next, Alexander Lyulko, Director of the Center for Interaction with Government Authorities and Industrial Partners of NSU, spoke in more detail about the forum program. This year it includes a business part – these are plenary sessions and sections on various topics; an exhibition of projects, technologies and developments; negotiations (a platform for signing agreements and contracts between forum participants); and a cultural and entertainment program with a scientific twist.
There will be two plenary sessions within the framework of the “Golden Valley”: on the first day – on the topic “Requests of the real sector of the economy for the creation of new technologies”; on the second day – on the topic “Scientific developments for industry”. Within the framework of the second session, developments of NSU and scientific organizations of Akademgorodok, which may be of interest to industrial partners, will be presented.
The forum will have 8 sections: Aviation; Unmanned systems; Mechanical engineering. Instrument making; Artificial intelligence in industry and robotics; Energy; Smart city technologies. Construction; Agriculture; Medicine; and a round table “Personnel for industry” will also be held.
Among the key speakers from government and business: Sergey Semka, Deputy Governor of the Novosibirsk Region; Vadim Vasiliev, Minister of Science and Innovation Policy of the Novosibirsk Region; Sergey Tsukar, Minister of Digital Development and Communications of the Novosibirsk Region; Anna Korotchenkova, Vice President for Technology at AFK Sistema; Viktor Slavyantsev, Head of Highest Category Innovative Development Projects at Rostec State Corporation; Evgeny Pavlov, Head of Innovative Development Department at United Engine Corporation; Konstantin Kotlyarov, Head of R&D at AvtoVAZ, etc.
On behalf of the scientific community: Aleksandr Rumyantsev, Academician of the Russian Academy of Sciences, President of the Dmitry Rogachev National Medical Research Center for Pediatric Hematology, Oncology and Immunology of the Ministry of Healthcare of the Russian Federation, State Duma Deputy; Sergey Alekseenko, Academician of the Russian Academy of Sciences, Scientific Director of the Institute of Thermophysics of the Siberian Branch of the Russian Academy of Sciences; Mikhail Voevoda, Academician of the Russian Academy of Sciences, Deputy Chairman of the Siberian Branch of the Russian Academy of Sciences, Director of the Federal Research Center for Fundamental and Translational Medicine; Aleksandr Latyshev, Academician of the Russian Academy of Sciences, Director of the Institute of Semiconductor Physics; Dmitry Markovich, Academician of the Russian Academy of Sciences, First Deputy Chairman of the Siberian Branch of the Russian Academy of Sciences, Director of the Institute of Thermophysics of the Siberian Branch of the Russian Academy of Sciences; Sergey Netyosov, Academician of the Russian Academy of Sciences, Head of the Laboratory of Biotechnology and Virology, NSU Natural Sciences Department; Sergey Abin, Director of the Institute of Automation and Electrometry, Corresponding Member of the Russian Academy of Sciences; Dmitry Kudlai, Vice President for the Implementation of New Medical Technologies at Generium JSC, Corresponding Member of the Russian Academy of Sciences and others.
This year, the forum program will be expanded with satellite events. This is primarily a technology exhibition, where NSU will present its developments, as well as a tour of the university’s innovation centers and laboratories. Also, over the course of three days, the NSU career forum will be held, which will bring together major employers interested in collaborating with the university.
The Golden Valley will host strategic sessions on the following topics: “Digital Transformation: Artificial Intelligence in Solving Public Sector Problems”, which will be chaired by Sergey Tsukar, Minister of Digital Development and Communications of the Novosibirsk Region; “Chemical Technologies and Deep Processing of Raw Materials” (organized by the Interregional Association “Siberian Agreement”); “Development of Entrepreneurship Technologies in Universities in the Interests of Industry”.
The forum is expected to see the signing of a number of agreements between NSU and industrial partners on joint developments, the implementation of projects in the field of introducing new technologies, including artificial intelligence, and the creation of consortiums and associations to solve industry problems.
We remind you that the forum is held with the support of the Office of the Plenipotentiary Representative of the President of the Russian Federation in the Siberian Federal District, the Interregional Association “Siberian Agreement”, the Government of the Novosibirsk Region, the Siberian Branch of the Russian Academy of Sciences, the Council of Rectors of Universities of the City of Novosibirsk and the Technopark of the Novosibirsk Akademgorodok.
The Forum’s Program Committee is headed by the Rector of NSU, Academician of the Russian Academy of Sciences M.P. Fedoruk. It includes the Chairman of the Siberian Branch of the Russian Academy of Sciences, Academician V.N. Parmon, ministers of the Novosibirsk Region government, heads of leading institutes of the Russian Academy of Sciences, directors of industrial enterprises, the Chairman of the Council of Rectors of Universities, representatives of the largest state corporations – Rostec, Rosatom, UEC, government bodies, academic institutes, development institutes of Novosibirsk and other Russian cities.
All information about the forum, current program, news are presented on the website: http://zd.nsu.ru/
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.
Headline: Huawei Globally Unveils Intelligent Campus 2030 White Paper
Oct 16, 2024
[Dubai, UAE, October 16, 2024] During GITEX Global 2024, Huawei released the Intelligent Campus 2030 white paper for markets outside China at the forum Redefining Intelligent Campus with ICTs, Maximizing Enterprises’ Intelligent Productivity with Xinghe Intelligent Campus. This white paper envisions the future of the intelligent campus.
David Shi, Vice President of Huawei’s ICT Marketing & Solution Sales Dept, delivered an opening speech at the forum. He highlighted that as digital technology advances, the intelligent connectivity of everything will become a reality, which will allow campuses to be fully digital and intelligent. He added that future campuses will become fully perceptible, collaborative, and constantly online smart buildings that are capable of self-learning, self-troubleshooting, and making decisions and executing them independently. “Huawei is committed to bringing digital to every campus for pervasive intelligence and has been deeply involved with intelligent campuses for many years. We have proposed to redefine campuses with ICTs and have leveraged the advantages of our product portfolios to reshape campus connectivity, platform, and business. Up to now, we have helped over 1000 customers worldwide build secure, green, digital, and intelligent campuses,” said David Shi.
David Shi, Vice President of ICT Marketing & Solution Sales Dept, Huawei
Eric He, CEO of Huawei Campus Team, said in his speech that revolutions in energy and information take us closer to the intelligent world, where campuses will play a crucial role. As Eric He explains, we have entered the stage of intelligent campus 2.0, which is 10 Gbps, digital, intelligent, and green. During this stage, campus networks will evolve from simply transmitting data to providing quality connections, campus platforms will move beyond integrating IoT to providing data intelligence, and extensive business management will be upgraded to low-carbon operations. “Relying on ICTs to redefine campuses, Huawei looks forward to working with customers and industry peers to innovate as well as envision and build intelligent campus 2030,” he said.
Eric He, CEO of Huawei Campus Team
Hawn Zhao, President of the Campus Network Domain, Data Communication Product Line, Huawei, introduced Huawei’s Xinghe Intelligent Campus Solution at the forum. As enterprises are witnessing a surge in the number of devices and video conferences, their digital and intelligent office requires improved network performance, security, experiences, and O&M. Huawei’s all-scenario Wi-Fi 7 products can strengthen signals by 100% and improve concurrency by 50%. In addition, Huawei’s application experience assurance solution ensures smooth video conferences and protects VIP services from being compromised, while the Wi-Fi Shield prevents data eavesdropping to ensure 100% network security.
Helping Customers Advance Digital and Intelligent Transformation
Ibrahim Al Kindi, IT Director of the Arab Authority for Agricultural Investment and Development (AAAID), shared AAAID’s experience in intelligent campus construction. AAAID and Huawei have collaborated to enhance its office experiences in five areas: seamless access, intelligent office conferences, full wireless network coverage, AI-based building control, and centralized IoT device access. Ibrahim Al Kindi stated that this is just the beginning of a new era of intelligent office, and AAAID will continue to explore the digital and intelligent transformation of the office field.
Fahad Daghriri, Chief Information Officer of Technical and Vocational Training Corporation (TVTC) in Saudi Arabia, shared how TVTC built an intelligent campus network with the help of Huawei. This network allows for wide coverage, high performance, and efficient O&M, improving mobile office for teachers and studying for students. “Our collaboration aims to achieve a win-win situation, promote digital transformation, build a one-stop campus network, create a smart education platform, and lay a solid foundation for long-term development,” said Fahad Daghriri.
Releasing the Intelligent Campus 2030 White Paper
Huawei globally unveils the Intelligent Campus 2030 white paper
The campus is a basic unit in the making of a city. It is the main place where people live and work. It acts as an important carrier to boost the digital economy, and a key point to realize green and low-carbon transformation. In recent years, the industry has conducted in-depth exploration and cultivated practices surrounding the intelligent campus. Huawei, along with industry experts and scholars, provides insights into its future in the Intelligent Campus 2030 white paper.
Based on the insights into and practices of global intelligent campuses, this white paper proposes a far-sighted definition of future intelligent campus along with visions for its advancement. It outlines five trends that affect intelligent campus development, systematically depicts 10 typical future scenarios, and defines six key technical features of future intelligent campuses for the first time. Innovatively, the white paper proposes a unique reference architecture for the intelligent campus and 22 quantitative indicators to predict the prospects of intelligent campuses, guiding their implementation and construction.
Click the link to read more about the white paper: https://www.huawei.com/en/giv/intelligent-campus-2030
MELBOURNE, Australia and ATLANTA, Oct. 16, 2024 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Cathay Cargo, a global provider of air freight services, leveraged Descartes’ Bluetooth® Low Energy air cargo tracking solution for real-time condition and location monitoring of Giant Pandas An An and Ke Ke as they were safely transported from Chengdu, China to Hong Kong. The pandas arrived at Hong Kong’s international airport on September 26, 2024.
“We’re excited that our technology played a role in the safe arrival of such a special shipment from Chengdu to Hong Kong,” said Frank Hung, VP Sales and Marketing at Descartes. “With our advanced IoT-based tracking capabilities, our customers are not only able to monitor the location of their shipments in real-time, but also shipment conditions such as temperature, light, vibration and humidity—which takes on an even more important dimension for Cathay Cargo in this unique situation.”
Cathay Cargo has used the Descartes solution as part of its Ultra Track cargo tracking service since 2021. The solution helps the air cargo carrier provide customers with real-time shipment location and condition status for airport-to-airport moves of high value goods such as electronics, perishables and pharmaceuticals. The Ultra Track service is available in 29 airports across Cathay Cargo’s network.
The Descartes air cargo tracking solution is designed to help airlines and ground handling agents (GHA) provide forwarding and shipper customers with end-to-end shipment visibility. Descartes Bluetooth® Low Energy powered tags placed on Unit Load Devices (ULD) or pallets provide location and condition status data that is captured by Descartes Bluetooth® Low Energy readers. Readers are part of the Descartes global Internet of Things (IoT) network and a Descartes Global Logistics Network™ service. Shipment status can be tracked whether goods are in the air or on the ground to help the air cargo community automate the end-to-end tracking of freight location and shipment status information such as precise temperature, movement, shock, light and humidity.
“We’re pleased to have supported Cathay Cargo in this extraordinary endeavor,” said Scott Sangster, General Manager, Logistics Service Providers at Descartes. “Customers with temperature-controlled, time-sensitive and other specialized cargo expect to be kept informed of the location, condition, and chain of custody of their air shipment throughout its journey. By building out our IoT network in more geographies, deploying active readers across more locations and expanding the reach of the network, we’re helping the air cargo industry meet requirements for real-time, multi-dimensional cargo visibility and facilitate more secure, efficient, and responsive logistics operations.”
About Cathay Cargo
Cathay Cargo is the air-freight business division of the Cathay Group and one of the leading air-cargo operators in the world, operating from its hub in Hong Kong. Cathay Cargo provides services to more than 90+ cargo destinations around the world, operating a dedicated freighter fleet of 14 Boeing 747-8F and six 747-400ERFs (Extended Range Freighter) aircraft, in addition to cargo space on Cathay Pacific’s large fleet of passenger aircraft. The Cargo division also includes Air Hong Kong, an express cargo carrier operating in partnership with DHL, and manages Cathay Cargo Terminal at Hong Kong International Airport. It is also the cargo general sales agent for the Cathay Group’s low-cost carrier HK Express. Cathay is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE). For more information, please visit http://www.cathaycargo.com.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at http://www.descartes.com, and connect with us on LinkedIn and Twitter.
Global Media Contact Cara Strohack Tel: +1(800) 419-8495 ext. 202025 cstrohack@descartes.com
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ air cargo solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Supporting Australian storytelling, developing the next generation of creative talent, and a plan to grow the digital games sector are the key priorities of the new three-year screen and digital games strategy.
The NSW screen industry added almost $1.1 billion to the state economy in 2021-22 and is currently home to 51% of Australia’s screen production, and 49% of post-production businesses. To ensure NSW remains the leading screen state, the NSW Screen and Digital Games Strategy will:
Invest in developing local talent and audiences, including:
$1 million pilot program to address skills shortages will be developed and rolled out with TAFE, AFTRS and NIDA to fast-track entry level and mid-career below the line practitioners in the below the line workforce.
$200,000 IP option fund to give producers the ability to purchase IP rights to turn home-grown novels, non-fiction work and podcasts into screen and gaming content, so we have more Australian stories on screen.
$200,000 Community Film Festival Opening Night Fund will support communities share the vibrancy of screen stories with audiences from diverse and underrepresented backgrounds, by bringing them together to enjoy screen community film festivals.
Role of Screen NSW
New film friendly legislation will be introducedto ensure a strengthened standard of working.
Address impacts of Artificial Intelligence (AI) on the sector: Screen NSW will convene an industry working group to help develop an Australian industry response to AI, and review funding guidelines.
Priority hotline: The Head of Screen NSW will be given the authority to escalate critically urgent production issues for an urgent government response.
Supporting infrastructure
Addressing the critical shortage of filming infrastructure in NSW, the NSW Government will develop new partnerships with the private sector to explore alternate options for studio space, including a second studio and Callan Park.
Centre for Screen culture and digital innovation. Working with local government and industry partners, the NSW Government will support plans to establish a hub for creative workers across the industry.
Focus on developing digital games industry
The $466 billion global digital gaming industry is highlighted as an enormous opportunity. New incentives to support games production and increase NSW revenue for digital games to $406.39 million in 2027-28 include:
Reducing Digital Games Rebate NSW expenditure minimum from $500,000 down to $350,000. The Rebate is designed to nurture homegrown developers, attract and retain work and talent to the state, and accelerate growth in the NSW digital games sector. While many larger, established studios currently access the Rebate, the lowered threshold mean it will now be more accessible to a broader range of digital games companies in NSW, including many independent studios that currently operate in the state.
Increased investment in the Digital Games Seed Development Program and Market Travel Programs. A flourishing games industry is one that includes large and small developers, an investment of$1.5 million over three years will support digital games producers to essential skills and build their industry networks and knowledge.
Minister for the Arts John Graham said:
“Our people, our stories, and our skills – these are the reasons why more than half of Australian screen production happens here in NSW. This strategy sets out how the government and the industry could work together to build on that.
“While there has been a recent slowdown in global screen production, the Federal Government’s increased location offset will see Australia gain a greater share of that market. This strategy recognises the opportunities that brings, as well as the pressure that puts on NSW production facilities.
“We have identified ways of cutting the red tape that has made NSW a ‘No’ state when it comes to attracting productions. Backed by the introduction of a NSW Screen and Digital Games Act, we aim to make NSW a ‘Yes’ state.
“For the first time in NSW, we are putting digital gaming front and centre. This strategy sets out a ‘hothouse’ approach that backs existing high performing producers to support the ambitious target of 20% compound annual growth in the sector.”
Head of Screen NSW Kyas Hepworth said:
“I am thrilled to be able to drive this strategy and provide a path forward for our sector, working towards a vibrant and sustainable future for all screen practitioners and game makers in NSW.
“Storytelling has the power to unite and inspire, and as a state with such a rich depth of talent, we strive to be known as the place to create compelling stories. This is an exciting time for our sector as, while developing this strategy, we have taken stock of where the industry is at and looked forward to where we want to be in the next three years. This has informed our strategy and with this vital support we want to move forward with the industry and take it to new heights.
“I am confident this strategy will provide assurance that Screen NSW are committed to supporting NSW stories and storytellers.”
Background
The strategy outlines four strategic priority focuses to support and sustainably grow the screen and digital games sector. These include:
Creating stories: We lead the way in making enriching, high calibre stories and cultural content for local and global audiences.
Building sustainable growth: Our businesses are globally recognised, connected and competitive. High quality, accessible spaces help them grow and create jobs that are future proofed and sustainable.
Improving capacity and capability: We set best practice standards to ensure workers have career pathways, are respected, safe, appropriately remunerated and supported in their career ambitions.
Developing audiences to increase demand: Local content finds and delights diverse audiences locally and around the world.
New legislation: The strategy includes proposed new legislation to ensure screen friendly approaches across local councils and state government agencies.
In 2025, the NSW Government will introduce the NSW Screen and Digital Games Act to strengthen NSW as a film-friendly jurisdiction, reduce red-tape and provide the highest level of cooperation across government with filmmakers to maximise opportunities for the sector. This will strengthen elements of the Making NSW Film Friendly Premier’s Memorandum and incorporate an updated Local Government Filming Protocol.
Renewed Screen NSW agency: The strategy will provide Screen NSW with greater independence and will build its capacity to continue to strengthen and grow the industry. This will mean:
Shortening investment approval timeframes, contracting and payment terms.
Legislation will be introduced for the Film and Television Industry Advisory Committee to include digital games representation and renaming the board to reflect this update.
The Head of Screen NSW will be given the authority to escalate critically urgent production issues for an urgent government response.
“We had a special kind of audience in mind: the Welsh who have never read Barn or Y Faner (two popular Welsh-language publications written in a scholarly tone) but live their lives every day in the natural sound of the Welsh language.” That’s how dramatist Gwenlyn Parry described the target audience of the new BBC Wales soap opera, Pobol y Cwm, which was broadcast for the first time 50 years ago ago, on October 16 1974.
Pobol y Cwm – which means “people of the valley” – is set in the fictional village of Cwmderi, in the Gwendraeth valley, south-west Wales. It was originally filmed at Broadway Studios in Cardiff, then on a purpose-built lot at BBC Broadcasting House, also in the Welsh capital. But since 2011, the programme has been mainly filmed at the BBC’s drama studios at Roath Lock in Cardiff Bay.
BBC Wales’ television service had been in existence for ten years by the time the series was broadcast. Television producer John Hefin felt there was a need for a long drama series in Welsh, which would meet the needs of audiences in the same way as Coronation Street had been doing on ITV since 1960.
Hefin and Parry’s vision was evident. In planning meetings for the series, it was noted that “the main aim of the series is pure entertainment and from a mathematical analysis it will require 70% easy, humorous lightness, and 30% personal and social problems”.
Other guidelines for the series were clear from the start – no preaching about the state of the Welsh language, the evils of drugs, the dangers of sex, or theological dogma. The main aim was to “develop a story line full of seemingly insignificant events but conveying a believable whole of Welsh village life”.
The Welsh language soap first began on BBC One Wales in October 1974 before moving to S4C in 1982, where it continues to this day.
Soap history
Soap operas can be traced back to the early days of US radio, when drama series were sponsored by washing powder manufacturers, hence the word “soap”. The BBC launched drama series, or soap operas, on the radio after the end of the second world war. Examples include Mrs Dale’s Diary in 1948 and, of course, The Archers in 1951.
But audiences had to wait until 1954 until the first soap opera was launched on the BBC’s television service, The Grove Family. But the life of this series was short-lived, ending in 1957.
In December 1960, ITV Granada launched Coronation Street, a series about everyday street life in the Manchester area. It soon became extremely popular among viewers across Britain. The appeal of the series was in its simplicity. It focused on the normal lives of working class people. The plot was derived from the setting and personalities, especially the strong female characters.
Tony Warren was the man who sold the idea of Coronation Street to the Granada company. He realised, at the end of the 1950s, that the way of life in that part of England was changing. Warren wanted to capture and preserve traditional spirit and show it to the rest of the country.
I wonder, then, when proposing an idea for a soap opera to the BBC at the beginning of the 1970s, whether Hefin and Parry had the same feeling. The Wales of the time was changing, after all. The 1971 census showed that the Welsh language was under siege.
It was felt by many within the BBC that a series reflecting old Welsh values was needed. And yet it also needed to be contemporary, with an element of realism. This is the trick for successful soap opera producers – the series must be “real” enough so that people can believe in the characters, and can identify with them in times of joy and sadness.
Pobol y Cwm was a success from the outset, and that continued throughout the 1970s and 1980s. When musician John Lennon died in December 1980, a film about the Beatles was broadcast on BBC Wales as a tribute instead of Pobol y Cwm. It resulted in hundreds of loyal soap opera viewers flooding the switchboard of Broadcasting House in Cardiff with complaints.
The BBC also received complaints that there were too many scenes taking place in the pub because this was not a “Welsh” thing to do. And yet, according to Parry, there were no complaints when a scene was shown with one of the main characters, Reg Harries, having an affair with the schoolmaster’s wife in the early 1980s.
Famous faces
Pobol y Cwm has nurtured the talent of several actors who have become more widely known. Among them Ioan Gruffudd, Iwan Rheon and Alexandra Roach. And several other celebrities have made cameo appearances in the series over the years, including actor Michael Sheen, presenter Michael Aspel and wrestler Giant Haystacks.
In an article in the Welsh newspaper Y Cymro in 1975, Parry said: “The aim was to produce stuff that a natural Welsh person would watch, not because it was in Welsh, but because it was entertaining. The kind of stuff that will be needed to draw viewers to the fourth channel when it comes.”
Still produced by BBC Wales, the series moved to Wales’ new fourth channel, S4C, in 1982 and the viewers followed. It remains among the channel’s most popular programmes.
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Jamie Medhurst has received funding from the Arts and Humanities Research Council, the British Academy, and the Leverhulme Trust.
QUÉBEC – The Honourable Jean-Yves Duclos, Minister of Public Services and Procurement, Quebec Lieutenant and Member of Parliament (Québec), will announce financial support on Thursday, which will help a cultural organization in Québec acquire and renovate creative spaces as well as produce and distribute its work. He will make the announcement on behalf of the Honourable Pascale St-Onge, Minister of Canadian Heritage, the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for the Economic Development Agency of Canada for the Regions of Quebec, and the Honourable Kamal Khera, Minister of Diversity, Inclusion and Persons with Disabilities.
Journalists looking to attend the announcement in person must confirm their attendance by sending their full name and the name of the media organization they represent to media@pch.gc.ca by 4 p.m. on Wednesday, October 16.
Please note that all details are subject to change. All times are local.
Singapore, Oct. 16, 2024 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced the initial sale, for an aggregate of about $1.0 million, of the Company’s proprietary 3-in-1 multifunctional robots and modular robot heads across Singapore, Malaysia, and Thailand.
Photo Comparison of Gemini (multifunctional robot) and cleaning robot in a retail mall
Brand-named Gemini, the A.I. video-analytics robots are the first to perform security, digital concierge, and cleaning services in a facilities management setting. These modular robot heads can be retrofitted on traditional cleaning robots, thus converting them to 3-in-1 units with the same A.I. video-analytics capabilities.
In Singapore, Gemini robots have been deployed at retail malls, commercial office buildings, and healthcare institutions. In Malaysia and Thailand, SIMPPLE’s Gemini heads have been retrofitted to existing cleaning robots and utilized at commercial office buildings.
According to SIMPPLE chief executive officer Norman Schroeder, Gemini is a “game-changer” in the field of service robotics. The robot can swiftly, accurately, and intelligently conduct security patrols, engage with lost or distressed personnels seeking security assistance, engage in two-way video calls, interface remotely with facility managers, and perform a wide variety of routine cleaning tasks including scrubbing or vacuuming.
“Gemini can operate independently or in concert with existing CCTV camera systems,” he added, allowing those systems to identify situations needing resolution and task Gemini to resolve them. In so doing, Gemini provides “significant savings and convenience” to facility management companies and integrated services operators, said the CEO.
“The deployment of Gemini across Singapore, Malaysia, and Thailand,” he said, “further validates the commercial viability of our end-to-end facilities management solution including integrated robotics and artificial intelligence.”
Additional Gemini sales to customers in Australia, New Zealand, and other markets are expected “in the coming months,” said Mr. Schroeder.
The development of Gemini was supported by three Singapore government agencies, one of which, in 2019 and 2022, awarded SIMPPLE grants totalling about $380,000 to develop multi-functional robots. In 2024, Gemini was then included in the Advanced Digital Solutions (ADS) grant scheme supported by Singapore’s InfoComm Media Development Authority (IMDA), thus facilitating SIMPPLE’s aggregate $1.0 million Gemini sale described above.
According to a May 2024 report by Technavio, the global service robotics market is projected to grow by a CAGR of 30.25%, or $90.4 billion, from 2024 to 2028. This rapid growth, said Technavio, will be driven by the continuing integration of advanced technologies such as IoT, A.I., and natural language processing into service robots, and by world governments pouring significant investment into these technologies. Technological advancements in machine learning, adaptive computing, and vision systems will also make service robots increasingly suitable for commercial tasks, said the report.
Close-up photo of Gemini modular security head at a premium retail mall in Singapore
About SIMPPLE LTD.
Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices.
This press release contains forward-looking statements. In addition Photo of Gemini robot within an institution, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
For investor and media queries, please contact: SIMPPLE LTD. Investor Relations Department Email: ir@simpple.ai
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