Latest news with #53
IOL News
31-07-2025
- Entertainment
- IOL News
Mackenzie's pricey teacup brews questions
This cup and saucer set was produced by the Imperial Lomonosov Porcelain Factory in Russia. Hand painted and embellished with 22-karat gold, it retails for R4132,53. Image: Supplied. PINKIE up or pinkie down, how does Gayton Mackenzie drink his tea? Some might say it doesn't matter, but it does, when the teacup costs thousands of rand. This week, it emerged that the Honourable Minister of Sport, Arts and Culture received a saucer and teacup valued at exactly R6,093, courtesy of the Russian Cultural Ministry. This was revealed in the Register of Members' Interests, where all MPs must declare the gifts that they receive. Naturally, the cup became a talking point on social media. Ramesh Nana joked: 'They not gold plated but pure gold cups.' Oomtas Mike weighed in with a picture of a steaming cup of tea sitting on a newspaper, and captioned: 'This cup was R2,50 at MR CHEAP.' A Facebook user poked fun at the R6000 cup and saucer which was gifted to Gayton Mackenzie, the Minister of Sport, Arts and Culture. He says this one was bought at Mr Cheap. Image: Facebook. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Mackenzie's actual cup remains unseen, so, true to form, the Independent on Saturday did what any curious tea lover would do: we went online to see what it might look like. Dr Google led us to a Russian website showcasing the finery produced at the Imperial Lomonosov Porcelain Factory. There, we found a hand-painted set which is embellished with 22-karat gold, complete with the original Lomonosov factory mark on the bottom of the cup and saucer. One listing read: 'Enjoy a steaming cup of hot tea with the Lomonosov Porcelain Tea Set Cup and Saucer Spring Winter Fairytale. This unusual Tea Cup and Saucer is made from white porcelain by the Imperial Porcelain Factory in St. Petersburg. It will be a perfect gift for avid tea and coffee drinkers. It's also a perfect addition to any porcelain drinkware collection.' The 1980s vintage special Russian silver Cloisonné gold plated coffee cup set which sold for almost R18 000. Image: Supplied. Sadly though, that particular set was only valued at $230 (R4,132.53, almost two thousand rand less than Mackenzie's. Another cup and saucer that caught our eye, made from bone china and based on costumes worn by ballet dancers in the Bolshoi Theatre's 1968 production of Spartacus, came in at a paltry $134 (R2,400), despite the hand-painting and 22-karat gold trim. Finally, we stumbled across a cup and saucer that could almost rival the minister's: a 1980s vintage special Russian silver cloisonné, gold-plated coffee cup set for $1,000 (R17,967.51). And before you choke on your tea, Sotheby's once auctioned off a tiny porcelain cup dating back to the Ming dynasty. Known as the 'chicken cup', because it's decorated with a rooster and a hen, it went for a cool $36 million (R646 million) in Hong Kong in 2014. Whatever Mackenzie's drinking, we hope that the tea itself is local.
Gulf Insider
26-06-2025
- Health
- Gulf Insider
Major Achievements: UAE Ministry Of Interior Reports Seizure Of Over 12 Tonnes Of Drugs
The UAE Ministry of Interior has reported significant accomplishments in the country's anti-narcotics efforts for 2024, highlighting robust measures taken to combat drug-related crimes and safeguard public health and safety. Amal Ahmed Al Zeyoudi, Head of Statistics and Studies at the Federal General Directorate for Drug Control at the Ministry of Interior, stated that 2024 witnessed intensified nationwide operations yielding tangible results. 'A total of 9,774 reports related to drug crimes were recorded, involving 13,513 suspects,' she revealed. 'In total, 12,340 kilograms of narcotic substances and psychotropic drugs were seized throughout the year.' Al Zeyoudi also emphasized the UAE's strong commitment to international cooperation in the fight against drugs, noting that joint operations with more than 24 countries led to the seizure of an additional 3,383 kilograms of narcotics outside the UAE. In November 2024, the UAE adopted the National Anti-Narcotics Strategy 2024–2031, which envisions a drug-free nation by 2031. The strategy sets ambitious national targets, including reducing drug-related mortality rates per million people and lowering the prevalence of drug abuse per 100,000 residents. A report issued by the Ministry's Federal Drug Control Directorate noted that the Ministry's integrated efforts have helped curb both supply and demand. A key initiative was launched to assess the spread of narcotics across the country, benchmarking global best practices. Furthermore, a digital platform was developed in collaboration with the healthcare sector to monitor the dispensation of controlled medications and limit their misuse. The Ministry underscored its firm commitment to drug control, providing law enforcement agencies with extensive human, technical, and material resources. Coordination with national, regional, and international entities has been a cornerstone of the strategy. The cornerstone of the UAE's legal framework in this domain is Federal Decree Law No. (30) of 2021 on Narcotic Drugs and Psychotropic Substances, as amended by Federal Decree Law No. (53) of 2022. This legislation adopts a comprehensive approach that balances stringent penalties with pathways for rehabilitation. While the law imposes hefty fines and prison terms depending on the nature and frequency of offenses, it also allows courts to refer individuals to rehabilitation centers instead of incarceration, with close follow-up on treatment progress. The law also calls for active international cooperation to combat drug trafficking and prosecute those involved. In a testament to the UAE's proactive role on the global stage, the Ministry of Interior was elected in April 2025 to the United Nations Commission on Narcotic Drugs (CND) for the term 2026–2029, representing the Asia-Pacific Group. The CND is a central policymaking body within the UN system responsible for overseeing international drug control treaties and guiding global drug policies. The election took place during a vote at the UN Headquarters in New York.
Yahoo
09-05-2025
- Business
- Yahoo
Globalstar Inc (GSAT) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic Expansions ...
Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue increased by 6% to $60 million compared to the prior year period. Service revenue saw a 7% increase, primarily driven by wholesale capacity services. Globalstar Inc (NASDAQ:GSAT) successfully launched a two-way satellite IoT solution, expanding beyond traditional one-way tracking capabilities. The company opened a new state-of-the-art satellite operations control center, enhancing satellite fleet management capabilities. Strategic appointments of seasoned executives are expected to drive growth in key business segments. Higher cash costs to support excom negatively impacted adjusted EBITA by $1.3 million. Adjusted EBITA margin decreased by approximately 200 basis points compared to the prior year period. The sales cycle for the excom ran product is long and dependent on factors outside of Globalstar Inc (NASDAQ:GSAT)'s control. There is uncertainty regarding the launch dates for the 50 Aurora satellites, as the second launch has not been contracted yet. The private network cellular network business has been less successful than expected, impacting the anticipated growth from CBRS. Warning! GuruFocus has detected 2 Warning Signs with GSAT. Q: Can you provide more details on the economics or assumptions regarding the Excom RAN business? A: We haven't announced any forward-looking revenues yet. Our primary initial customer is a large retailer, and while we're engaged with them, the sales cycle can be lengthy. We're confident in moving forward, and we've expanded our direct sales capability to explore opportunities beyond our current customer. We've also secured some initial government contracts, which we hope will grow. Paul Jacobs, CEO Q: How is the progress on bringing more vendors into the ecosystem, particularly for lower-cost radios? A: We've developed new radios that are lower cost and offer flexibility in terms of the bands we can cover. These radios, showcased at Mobile World Congress, support Band 53 and CBRS. We're also interested in unlicensed cellular opportunities, using Band 53 as an anchor channel, which provides both cost and performance benefits. Paul Jacobs, CEO Q: How important is Band 53 as an anchor spectrum given potential changes in the CBRS band? A: Band 53 is crucial for mission-critical applications, offering guaranteed availability unlike CBRS, which hasn't met expectations for private network business. Our global Band 53 spectrum provides a differentiated position, especially for global IoT applications. Paul Jacobs, CEO Q: When do you expect the replenishment constellation to be completed, and when will the 50 Aurora satellites be launched? A: We haven't announced the launch date for the 50 satellites yet. The service fees tied to the CapEx for replacement satellites will start once the first batch is operational. We're expecting two launches, but the second launch hasn't been contracted yet. Rebecca Clary, CFO Q: What are the financial implications of the service fees related to the replacement satellites? A: The service fees will increase once the first batch of replacement satellites is operational and providing service. Rebecca Clary, CFO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Wire
29-04-2025
- Business
- Business Wire
CDW to Participate in the J.P. Morgan 53rd Annual Global Technology, Media & Communications Conference
VERNON HILLS, Ill.--(BUSINESS WIRE)--CDW Corporation (Nasdaq: CDW) today announced that Christine A. Leahy, chair and chief executive officer, and Albert J. Miralles, chief financial officer and executive vice president, enterprise business operations, CDW, will participate in a question and answer session at the J.P. Morgan 53 rd Annual Global Technology, Media and Communications Conference in Boston, Massachusetts on Tuesday, May 13, 2025, at 8:30 a.m. CT/9:30 a.m. ET. The session will be webcast live on An archived copy of the webcast will be available on the same website for 30 days following the completion of the event. About CDW CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit CDWPR-F
Business Standard
26-04-2025
- Business
- Business Standard
Praxis Home Retail allots 1.12 lakh equity shares under ESOP
Praxis Home Retail has allotted 1,12,500 equity shares under ESOP on 26 April 2025. Consequent to the aforesaid allotment, the paid-up equity share capital of the Company has increased from Rs.67,60,90,920/- divided into 13,52,18,184 equity shares of Rs.5/- each to Rs.67,66,53,420/- divided into 13,53,30,684 equity shares of Rs.5/- each.
