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Nidec Acquires driveXpert GmbH and Announces Outline of New Subsidiary

Nov 30, 2017 23:30 pm UTC| Business

KYOTO, Japan, Dec. 01, 2017 -- Nidec Corporation (TSE:6594) (OTC US:NJDCY) (the “Company” or “Nidec”) has announced today that it acquired a 100% of the shares of driveXpert GmbH (“driveXpert”) specialized in design and...

Central Fund of Canada Shareholders Overwhelmingly Approve Arrangement With Sprott

Nov 30, 2017 23:27 pm UTC| Business

ANCASTER, Ontario, and TORONTO, Nov. 30, 2017 -- Central Fund of Canada Limited (NYSE American:CEF) (TSX:CEF.A) (TSX:CEF.U) ("CFCL" or “Central Fund”) and Sprott Inc. (TSX:SII) (“Sprott”), are pleased to announce that...

FHLBank San Francisco Releases October 2017 Cost of Funds Index

Nov 30, 2017 23:26 pm UTC| Business

SAN FRANCISCO, Nov. 30, 2017 -- The Federal Home Loan Bank of San Francisco (Bank) announced November 30, 2017, that the 11th District Monthly Weighted Average Cost of Funds Index (“COFI”) for October 2017 is 0.737%....

Southside Bancshares, Inc. Completes Merger with Diboll State Bancshares, Inc.

Nov 30, 2017 23:25 pm UTC| Business

TYLER, Texas, Nov. 30, 2017 -- Southside Bancshares, Inc. (“Southside”) (NASDAQ:SBSI), the parent company of Southside Bank, announced the completion of the merger of Diboll State Bancshares, Inc. (“Diboll”) with and...

Industry Veteran Rashid Skaf Assumes the Helm after Leading Highlander Partners’ Acquisition of Biamp Systems

Nov 30, 2017 23:05 pm UTC| Business

DALLAS, Nov. 30, 2017 -- Biamp Systems today announced that effective immediately, longtime AV industry executive Rashid Skaf is assuming the role of president, CEO, and co-chairman for the Beaverton, Oregon company....

Mobetize’ CEO to speak at first BC Tech Association FinTech Day

Nov 30, 2017 23:00 pm UTC| Business

VANCOUVER, British Columbia, Nov. 30, 2017 -- Mobetize Corp. (OTCQB:MPAY), a leading fintech service provider for payments, remittances and mobile banking solutions, today announced CEO Ajay Hans will be the keynote...

The Klein Law Firm Reminds Investors of a Class Action Filed on Behalf of Skechers U.S.A., Inc. Shareholders and a Lead Plaintiff Deadline of December 22, 2017 (SKX)

Nov 30, 2017 23:00 pm UTC| Business

NEW YORK, Nov. 30, 2017 -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Skechers U.S.A., Inc. (NYSE:SKX) who purchased shares between April 23, 2015 and October...

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Economy

Taiwan Gains Confidence as U.S. Excludes It from AI Export Curbs

The U.S. governments decision to exclude Taiwan from its new restrictions on artificial intelligence (AI) chip and technology exports reflects confidence in the islands regulatory controls and legal compliance, Taiwans...

UK Inflation Stabilizes: November CPI at 2.6%, Signaling Economic Recovery

In November 2024, the Consumer Price Index (CPI) for the UK was reported at 2.6% compared to the same month last year, which matched what experts had predicted. This is an increase from October 2024, when the CPI was at...

China's Tightened Export Controls Disrupt U.S. Tech Firms' Production Plans

China is intensifying scrutiny of exports by U.S. tech giants like Apple, Microsoft, and Dell, delaying their production shifts to Southeast Asia and India, according to Nikkei Asia. Since December, dual-use technology...

Trump's Economic Policies to Face New Challenges in 2025

U.S. President-elect Donald Trump is set to inherit a strong economy, but his aggressive policiestariffs, immigration restrictions, and tax cutsmight disrupt growth. With output above trend, near full employment, and...

U.S. Stock Futures Rise Amid Tariff Speculation and Key Data Focus

U.S. stock index futures gained on Monday evening as reports eased fears of disruptive trade tariffs under President-elect Donald Trump. Bloomberg reported that his team may propose a gradual tariff increase of 2%-5%...

Politics

South Korean Ex-President Yoon Arrested After Martial Law Attempt

Impeached South Korean President Yoon Suk Yeol was arrested on Wednesday following a failed attempt to impose military law in late 2024, according to local media reports. Investigators successfully executed an arrest...

Biden Moves to Normalize U.S.-Cuba Relations Amid Major Policy Shifts

The Biden administration announced plans to remove Cuba from the U.S. terrorism blacklist, signaling a major policy shift that could reshape U.S.-Cuba relations. The move reverses sanctions imposed by former President...

Iranian President Denies Plot to Kill Trump, Refutes U.S. Claims

Iranian President Masoud Pezeshkian dismissed allegations that Iran plotted to assassinate U.S. President-elect Donald Trump. In an NBC News interview, Pezeshkian stated, We have never attempted this to begin with and we...

Pete Hegseth Faces Tight Confirmation Battle for Secretary of Defense

President-elect Donald Trumps nominee for Secretary of Defense, Pete Hegseth, endured intense scrutiny during his confirmation hearing, highlighting sharp partisan divides. Hegseth, a decorated veteran and former Fox News...

SEC Accuses Elon Musk of Securities Law Violation Over Twitter Stake Delay

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Elon Musk, accusing him of delaying the disclosure of his substantial stake in Twitter, now known as X, in 2022. The SEC alleges Musk violated...

Science

Double Moonshot: Japan’s ispace and Firefly Launch Lunar Missions

In a significant stride for lunar exploration, Japanese company ispace and U.S.-based Firefly Aerospace launched moon landers aboard a SpaceX rocket from Florida. This rare double mission highlights the growing competition...

Bill Gates’ Shocking New Malaria Solution Unveiled as Genetically Modified Mosquitoes Turn Into Flying Vaccinators

In a groundbreaking and controversial move, researchers funded by the Bill and Melinda Gates Foundation at Leiden University Medical Center have developed a revolutionary approach to combat malaria. The team has created...

Explosive CIA Whistleblower Claims Havana Syndrome Victims Face Cancer, Dementia, and Government Betrayal

A former CIA operative has come forward with alarming allegations, claiming that victims of the mysterious Havana Syndrome are now battling devastating health issues, including cancer, dementia, and Parkinsons disease. The...

FDA Approval of Opdivo Injection Sparks Hope for Cancer Patients with Revolutionary Treatment Update

In a significant advancement for cancer care, the U.S. Food and Drug Administration (FDA) has approved an injectable version of Bristol Myers Squibbs blockbuster cancer drug Opdivo. Branded as Opdivo Qvantig, the new...

Public Health Experts Warn of ‘Quad-Demic’ as Flu, COVID, RSV, and Norovirus Threaten Winter Surge

Public health experts are raising alarms over a potential quad-demic this winter, with flu, COVID-19, respiratory syncytial virus (RSV), and norovirus all expected to surge simultaneously. This unprecedented convergence of...

Technology

TikTok Braces for Possible US Shutdown This Sunday Amid Security Concerns

TikTok, the popular short-video platform owned by ByteDance, could face a nationwide shutdown in the U.S. as early as this Sunday, according to The Information. The move follows increased scrutiny from lawmakers and...

What si RedNote? The Chinese App Gaining Global Attention Amid TikTok Uncertainty

RedNote, known as Xiaohongshu in China, has gained massive attention as over half a million TikTok users flock to the platform amid concerns over a U.S. ban on TikTok. This lifestyle app allows users to share experiences,...

Trade Groups Push Back on Biden's New Chip Export Rules

A coalition of semiconductor and manufacturing trade groups has expressed concerns to U.S. President Joe Biden over recently announced export controls on advanced computing chips. The Semiconductor Industry Association...

Global Smartphone Market Sees Shifts as Chinese Brands Gain Ground

Smartphone shipments for Apple (NASDAQ:AAPL) and Samsung (KS:005930) declined in Q4 as competition from Chinese companies like Xiaomi (OTC:XIACF) intensified, according to preliminary data from IDC. Despite a rebound in...

Blue Origin's New Glenn Rocket Launch Delayed to Thursday

Blue Origin, Jeff Bezos rocket company, has rescheduled the inaugural launch of its New Glenn rocket to Thursday, Jan. 16. Originally set for Tuesday, the launch was delayed after a technical issue arose on Monday. The...