Latest news with #229
IOL News
6 hours ago
- IOL News
Pietermaritzburg businesswoman accused of defrauding Covid-19 TERS of R4 million
File A Pietermaritzburg businesswoman has been arrrested for allegedly defrauding the Covid-19 Temporary Employee Relief Scheme. Almost three years after a Pietermaritzburg businesswoman allegedly defrauded the Covid-19 Temporary Employee Relief Scheme (TERS) of millions, she made her first appearance in court this week. Sindisiwe Mdluli-Myeza was arrested on Wednesday, June 4, 2025, by the Directorate for Priority Crimes Investigation (known as the Hawks) on charges of fraud and money laundering. According to Lieutenant Colonel Simphiwe Mhlongo, it is alleged that during the period between November 2020 and October 2022, Mdluli-Myeza applied for the Covid-19 relief fund from the Department of Employment and Labour. "She claimed R4,229,044.61 from the Temporary Employee Relief Scheme. Preliminary investigation revealed that no employees were employed by her company, and the company was not entitled to claim."
GMA Network
3 days ago
- Politics
- GMA Network
Marcos to NIA: Listen to farmers' needs
President Ferdinand ''Bongbong'' Marcos Jr. has tasked the National Irrigation Administration (NIA) to listen to the concerns of farmers and use wisely the farm machinery being provided by the government. ''Kaya po ang hiling ko sa lahat ng kawani ng NIA, ingatan, alagaan, at gamitin ninyo ang mga sasakyan at pasilidad nang wasto,'' Marcos said in his speech Monday. (My request to NIA employees is to take care and use properly the vehicles and facilities.) ''Saksi ako sa inyong sipag [sa] paglilingkod sa ating mga magsasaka. Ngunit, hiling ko sa inyo na paigtingin pa ang inyong pagsisilbi. Makinig sa kanilang mga hinaing,'' he added. (I'm a witness in your hard work when it comes to serving our farmers. I'm requesting that you strengthen your service. Listen to their needs.) Marcos told NIA to immediately address the needs of local farmers. The President led the ceremonial turnover of 229 newly procured operations and maintenance equipment and vehicles under the third tranche of the NIA's Re-fleeting Program at Barangay Wawa in Taguig City. This program supports the President's directive to fast-track irrigation project development as part of broader efforts to strengthen the agriculture sector. As the country faces the effects of climate change and extreme weather conditions, including the El Niño phenomenon, the enhanced fleet enables NIA to respond more effectively to the growing demands of irrigation service delivery. The said agency currently manages 257 National Irrigation Systems and 8,802 Communal Irrigation Systems. The NIA is responsible for the repair, operation and maintenance of major canals and irrigation infrastructure. — RSJ, GMA Integrated News
Yahoo
21-05-2025
- Business
- Yahoo
Bernstein Lowers Palo Alto (PANW) Price Target, Maintains Outperform Rating
On Wednesday, May 21, Bernstein SocGen Group reduced its price target for Palo Alto Networks, Inc. (NASDAQ:PANW) from $229 to $225 from $229 and kept an 'Outperform' rating. Analyst Peter Weed noted that the company slightly beat expectations for its Next-Gen Security (NGS) Annual Recurring Revenue (ARR) in its fiscal Q3 2025. Although the beat was smaller than in previous quarters, the company has forecasted strong quarter-over-quarter growth in NGS ARR for its fiscal Q4 2025. This forecasted growth is the strongest since the company began its platformization strategy. A cutting-edge computer lab full of IT experts monitoring the security of multiple systems. Weed said Palo Alto Networks, Inc.'s (NASDAQ:PANW) confidence is supported by channel checks. Management's comments also confirmed that sales that were delayed by tariffs in April started to close rapidly after tariff concerns eased in mid-May. This indicates that the weak NGS ARR is not a big concern. Additionally, Weed believes that other companies closing their quarters in April could experience similar weakness. He pointed out some positive signs for Palo Alto Networks, Inc. (NASDAQ:PANW), assuming there will not be a recession. He believes Microsoft's fast cloud migrations and AI projects could support the company's software firewall business to grow by more than 20%. Although hardware firewalls are growing slowly at a low single-digit rate, software firewalls made up more than 40% of product revenue this quarter. This is expected to help overall product revenue grow in the mid-teens, which is better than the mid-single-digit growth seen in the last 6 quarters. Weed expects Palo Alto Networks, Inc. (NASDAQ:PANW) to finish the fourth quarter with more than 15% revenue growth in revenue and possibly an improvement of an additional 200 basis points or more in fiscal year 2026. While we acknowledge the potential of PANW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PANW and that has a 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
High Growth Tech Stocks in Europe to Watch May 2025
As European markets experience a positive shift with the STOXX Europe 600 Index climbing 2.10% amid improved sentiment following a de-escalation in U.S.-China trade tensions, investors are keenly observing the region's high-growth tech sector for potential opportunities. In such an environment, stocks that demonstrate robust innovation and adaptability to changing economic landscapes become particularly appealing to those looking to capitalize on technological advancements and market momentum. Name Revenue Growth Earnings Growth Growth Rating KebNi 21.51% 66.96% ★★★★★★ Archos 21.07% 36.58% ★★★★★★ Bonesupport Holding 29.14% 56.14% ★★★★★★ Yubico 20.18% 30.36% ★★★★★★ Pharma Mar 25.21% 43.09% ★★★★★★ Elicera Therapeutics 75.80% 107.14% ★★★★★★ Skolon 31.51% 99.52% ★★★★★★ Elliptic Laboratories 23.60% 57.11% ★★★★★★ CD Projekt 33.41% 37.39% ★★★★★★ XTPL 86.66% 143.68% ★★★★★★ Click here to see the full list of 229 stocks from our European High Growth Tech and AI Stocks screener. Here's a peek at a few of the choices from the screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: TXT e-solutions S.p.A. is a company that offers software and service solutions both in Italy and internationally, with a market capitalization of €455.64 million. Operations: TXT e-solutions S.p.A. specializes in providing software and service solutions across various sectors, catering to both domestic and international markets. TXT e-solutions has demonstrated robust financial performance with a 37% increase in first-quarter sales year-over-year, reaching €92.15 million, and a notable rise in net income to €5.53 million from the previous year's €4.11 million. This growth is underscored by the company's strategic focus on diversification and enhancement of its software engineering and smart solutions segments, aligning with industry trends towards specialized software services. Additionally, TXT is actively pursuing mergers and acquisitions to bolster its market position, reflecting a proactive approach to scaling operations and expanding its service offerings within the high-tech European landscape. The firm's commitment is further evidenced by consistent dividend payments, with the latest being €0.25 per share, reinforcing its stakeholder value proposition amidst expansive financial strategies. Unlock comprehensive insights into our analysis of TXT e-solutions stock in this health report. Understand TXT e-solutions' track record by examining our Past report. Simply Wall St Growth Rating: ★★★★★☆ Overview: Smart Eye AB (publ) develops human insight artificial intelligence technology solutions to understand, support, and predict human behavior across the Nordics, Europe, North America, Asia, and internationally with a market cap of approximately SEK2.48 billion. Operations: Smart Eye AB (publ) specializes in AI technology solutions focused on human behavior analysis, catering to markets across the Nordics, Europe, North America, and Asia. The company operates with a market cap of approximately SEK2.48 billion. Amid a challenging landscape for tech stocks, Smart Eye stands out with its innovative driver monitoring systems, crucial for enhancing road safety. The company's recent financials show a slight improvement with first-quarter sales rising to SEK 90.07 million from SEK 86.1 million year-over-year, and a reduced net loss of SEK 55.1 million compared to SEK 56.48 million previously. This progress is underscored by strategic board enhancements and significant new orders, such as the AIS system for luxury SUVs and multiple design wins from global automotive manufacturers which are projected to substantially boost future revenues—evidenced by an estimated lifetime value of current design wins now exceeding SEK 8.61 billion. These developments highlight Smart Eye's potential in capitalizing on advanced safety features demanded in modern vehicles. Click here to discover the nuances of Smart Eye with our detailed analytical health report. Gain insights into Smart Eye's past trends and performance with our Past report. Simply Wall St Growth Rating: ★★★★★☆ Overview: Storytel AB (publ) offers audiobooks and e-books streaming services with a market capitalization of approximately SEK7.76 billion. Operations: The company generates revenue primarily from its streaming segment, contributing SEK3.43 billion, and its publishing segment, which adds SEK1.16 billion. Storytel, amidst a dynamic European tech landscape, has recently shown promising financial and strategic growth. The company turned profitable this year with a notable earnings increase projected at 27.3% annually. This profitability pivot is complemented by an annual revenue growth forecast of 10.4%, positioning it favorably against the Swedish market's slower pace. Strategic acquisitions like Bokfabriken not only expand Storytel's market influence but also align with regulatory approvals, enhancing its competitive stance in the publishing domain. These moves are further bolstered by recent guidance suggesting a revenue CAGR exceeding 10% through 2028, underpinning Storytel's robust strategic framework aimed at sustained growth in a rapidly evolving industry. Click to explore a detailed breakdown of our findings in Storytel's health report. Gain insights into Storytel's historical performance by reviewing our past performance report. Reveal the 229 hidden gems among our European High Growth Tech and AI Stocks screener with a single click here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:TXT OM:SEYE and OM:STORY B. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
TimesLIVE
22-04-2025
- Automotive
- TimesLIVE
Hyundai and Posco agree to cooperate on US steel plant
South Korea's Hyundai Motor Group said on Monday it has signed a memorandum of understanding with Posco Holdings for cooperation on its planned US steel plant. Posco will make an equity investment in Hyundai Motor Group's steel factory project in Louisiana, the group said in a press release. The steelmaker was also considering selling some of the steel to be produced from the factory. Production is slated to begin in 2029. The South Korean automaker announced plans to invest $21bn (R392,229,595,800) in the US with President Donald Trump at the White House last month. In a regulatory filing, Hyundai Steel said it would invest $5.8bn (R108,335,885,800) along with Hyundai Motor Group to build a steel plant in Louisiana with an annual capacity of 2.7 million tonnes.
