Latest news with #Amer
Time of India
6 hours ago
- Lifestyle
- Time of India
Education key to break chains of backwardness: Congress MLC
Hyderabad: Congress MLC Amer Ali Khan on Tuesday called upon the parents of Muslim students to encourage their children to pursue and excel in higher studies. He urged them to serve as brand ambassadors of the community through their children's achievements, thereby inspiring future generations. "Education is the key tool to break the chains of backwardness and empowering the Muslim community. When discussions arise about the community's backwardness, lack of education is often cited as the primary reason. But today, looking at your achievements, I am confident that the community will overcome all obstacles through education," MLC Amer said at a programme where 1,500 students from the BPC stream of the board of intermediate education, who scored over 90%, were felicitated. Among the, 43 students who scored between 99% and 99.6% were awarded cash prizes and medals for their outstanding performance. Other speakers at the programme appealed to the parents to support their daughters' education, stressing that girls often outperform boys. They stressed that girls should be allowed to pursue higher education and should not be married off at an early age.
See - Sada Elbalad
9 hours ago
- Business
- See - Sada Elbalad
Estonia & Germany Embassies in Cairo Celebrate MFC Co-Chairmanship End
Rana Atef The Estonian Ambassador to Cairo, Ingrid Amer, hosted an event to commemorate the conclusion of Estonia and Germany's co-chairmanship of the Media Freedom Coalition (MFC), officially passing the chairmanship to Finland. In her remarks, Ambassador Amer underscored Estonia's enduring commitment to media freedom, highlighting the country's role in defending free expression and combating disinformation. 'Over the past two years, Estonia has co-chaired the Media Freedom Coalition working together with all MFC members to defend press freedom,' she stated. She expressed confidence in Finland's ability to lead the coalition forward, noting, 'As neighbors, we can say with confidence the leadership stays in very good hands. We share a deep commitment to democracy, transparency, and independent journalism.' Ambassador Amer emphasized the vital role of a free and open media in sustaining informed societies and safeguarding diverse voices. 'Media pluralism and digital literacy have been key priorities during our term. While our co-chairmanship ends today, our commitment remains strong,' she concluded, thanking the MFC member states for their shared efforts in defending journalists and independent voices worldwide. On her side, Anita Klein, the Deputy of the German Ambassador to Cairo, said: 'I would like to extend my sincere thanks for today's invitation and, above all, to express our gratitude to Estonia for its dedicated two-year co-chairmanship of the Media Freedom Coalition. Over the past year and a half, Germany has had the pleasure of sharing this responsibility with Estonia — a partnership we have truly enjoyed. While my own role was modest, the positive impact of our joint efforts is evident, and I must say, I have developed a deep appreciation for Estonia and its commitment to media freedom.' Taking up the role of incoming chair, Eero Väisänen, Deputy Head of Mission and Counsellor at the Finnish Embassy in Cairo, echoed the sentiment of continuity and shared values. 'This is a topic close to our hearts — not only for Estonia and Germany, but also for Finland,' he said. 'We have a long and consistent tradition of upholding freedom of expression, both domestically and as part of our foreign and development policy.' Väisänen noted Finland's historical legacy of press freedom, referencing a 1776 law, 'Even in countries such as Egypt, where press freedom faces many challenges, we must remain humble and receptive. Issues like online harassment of female journalists and the spread of misinformation are global challenges — including in Finland,' he added. The event witnessed the presence of several EU diplomats and distinguished journalists from Cairo. read more 2 Most Inspirational Green Projects in Egypt AEW Dynamite, WWE NXT to Strive over Viewership Tonight Egypt Marks 70th Anniv. of 2011 Revolution, National Police Day In Depth: WWE NXT Halloween Havoc In Depth: AEW Dynamite, WWE NXT Tuesday Viewership Strive Videos & Features WATCH: Egyptians Break Ramadan Fasts in Matariya Videos & Features GrEEk Campus Hosts Jobzella Fifth Career Fair Videos & Features 3 Iconic Ramadan Songs of All Times Videos & Features Top 4 Destinations to Visit in Upper Egypt News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
Saba Yemen
a day ago
- Politics
- Saba Yemen
FM Stresses Importance of Understanding International Humanitarian Law
Sana'a - (Saba): The Foreign of Minister Affairs and Expatriates, Jamal Amer, stressed the importance of understanding the rules of international humanitarian law, given its importance in protecting human life and dignity during wars and defending the country's national interests. This came during a two-day workshop organized by the Diplomatic Institute at the Ministry of Foreign Affairs for a number of participants from the Supreme Judicial Council, in cooperation with the International Committee of the Red Cross (ICRC). Minister Amer noted that international humanitarian law has been violated for more than 600 days in Gaza by the Zionist war machine, and has also been violated in Yemen over the past ten years by the countries of the aggression coalition: the United States, Saudi Arabia, and the United Arab Emirates. He stressed the need to respect the rules of international humanitarian law and to avoid double standards, so that peace and stability can prevail throughout the world. The Minister of Foreign Affairs praised the existing partnership between Yemen and the International Committee of the Red Cross, reiterating his readiness to provide all necessary facilities for the work of the committee and its staff. During the workshop, participants received lectures on the principles of international humanitarian law, the groups covered by its protection, an introduction to the International Red Cross and Red Crescent Movement, and the activities of the International Committee of the Red Cross's Protection Division in Yemen, in addition to the relationship between international humanitarian law and international human rights law and Yemen's position on them. Whatsapp Telegram Email Print more of (Local)
Yahoo
2 days ago
- Business
- Yahoo
Sports Stocks Rebound as Tariff Fears Recede, TACO Trade Dominates
Sports stocks posted their first positive month since January as fears eased about tariffs, which had dragged the Sportico Sports Stock Index 23% lower from its mid-February peak to its late April lows. The benchmark sports index posted a 7% gain in May to close the month at 1,380, pushing the index back into positive territory for 2025. The strength in sports reflected the wider rebound seen in the broader markets, which saw action in the month dominated by knee-jerk reactions to Trump tariff announcements followed by sharp rebound days due what investors began calling the TACO trade. More from ESPN Bet Faces Make-or-Break Year for $2 Billion Disney-Penn Deal Chip Wilson Makes $600M as Trump Tariffs Barely Dent Amer Sports DraftKings the Exception to Sports SPACs' Dire Track Record 'The recent rally has a lot to do with markets realizing that the U.S. administration does not have a very high tolerance for market and economic pressure, and will be quick to back off when tariffs cause pain. This is the Taco theory: Trump Always Chickens Out,' wrote Financial Times columnist Robert Armstrong in May, popularizing an acronym that began with Wall Street traders. The buying-on-weakness TACO trade resulted in three trading sessions in May when the Sportico Sports Stock Index jumped at least 2%. That's unusually volatile in the history of the index, but actually calmer than April, which had four such up days and five days of outsized losses. Given the tariff obsession of the markets, it's no surprise that one of the sports stocks most potentially impacted by the Trump tariffs was the lead gainer in May. Amer Sports (AS) leapt 50% in the month as management told investors the worst-case scenario of Trump's 145% import tax on Chinese made goods would clip five cents a share from earnings in 2025. Since at the time of Amer's earnings announcement last week Trump's had already backed off the 145% rate, shares rallied under the realization the profit hit would be far less for the year. Amer, which has 11 sporting goods brands including Arc'teryx, Salomon and Wilson, estimates perhaps 10% of its worldwide revenue would be subject to any U.S. taxes on Chinese goods, given its ability to source goods from other, less-taxed countries and the fact most of its sales come from Asia and Europe. Other tariff-exposed components of the Sportico index also rallied in the month. Sneaker maker On Holdings (ONON) gained 24%; concession firm Aramark (ARMK), which expected some hit on its concessions supplies like drinking cups, rallied 22%; while Asia-dependent gear markers Under Armour (UAA, up 17%) and Nike (NKE, up 7%) also rose. All told, 28 of the Sportico Sport Stock Index components rose in May, 13 of those more than 10%. Still, odds are tariff volatility will continue, despite a court ruling last week that Trump doesn't have the authority to impose blanket taxes on most imports, including from China, Canada and Mexico. 'We are going to end up with tariffs, one way or another—Trump has plenty of alternatives,' Aniket Shah, a Jefferies economist, said in a Thursday note on a U.S. Court of International Trade's decision invalidating the president's reasoning. The ruling, added Shah, 'is a body blow to President Trump's America First Trade Agenda, but not a fatal blow.' Though not directly affected by tariffs, ticket reseller Vivid Seats (SEAT) had a brutal May on fears of consumers pulling back spending. The stock surrendered 45% of its market capitalization to close the month at $1.56 a share, making for a company value of $338 million. Vivid is down 66% year-to-date. 'As we've all witnessed, economic and political volatility has impacted consumer sentiment, and this uncertainty can also impact how and when artists and rights holders go to market,' Vivid CEO Stanley Chia said on a May 6 earnings call. Due to the competitive landscape and consumer uncertainty, Vivid suspended its habit of providing forward earnings guidance to analysts with that call, adding to the bearish sentiment for Vivid that has yet to let up. By comparison, larger ticket seller Live Nation (LYV) hasn't been nearly as hard hit—its shares gained 4% in May. In a mid-May investor conference, the company emphasized that two-thirds of its growth comes from international markets, places where consumer spending power won't be hurt by Trump's tariffs. The Sportico Sports Stock Index is a basket of 40 stocks that rely on sports for a significant portion of future growth. The index includes sports teams and leagues such as Formula 1 (FWOBA, up 9%), regional sports network owners including Sphere Entertainment (SPHR, up 38%), recreation operators such as Vail Resorts (MTN, up 15%) and sports data and analytics providers like Genius Sports (GENI, down 11%). To be included in the index, stocks must be traded in the U.S. with sufficient daily volume and a market capitalization greater than $50 million. The index was launched in August 2020 at 1,000. It's up 38% since and 1% in 2025. Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams 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
Fashion Network
5 days ago
- Business
- Fashion Network
FountainVest seeks $1.32 billion in Arc'teryx maker share sale
An Asian private equity firm is seeking to raise as much as $1.32 billion in a sale of about half its shares in Amer Sports Inc., as early investors in the maker of sporting goods including Arc'teryx clothing look to cash out. Affiliates of FountainVest Partners are offering 35 million shares of Amer for $37.20 to $37.73 each, according to terms of the deal seen by Bloomberg News. The buyout firm was part of a consortium that acquired Amer for $5.2 billion in a deal completed in 2019. Shares of Amer, which also makes Wilson tennis rackets and Salomon, fell 0.9% to $37.40 each in after-market trading on Wednesday. They have nearly tripled since the company's $1.6 billion initial public offering last year. FountainVest had 69.1 million Amer shares, or 12.5% of the company, prior to the sale, according to Bloomberg calculations. The deal would reduce its stake to about 6.2%, the calculations show. The firm is bound by a lock-up agreement preventing further sales of Amer stock for 60 days, according to the terms. The original consortium also included China's Anta Sports Products Ltd., billionaire Lululemon Athletica Inc. founder Chip Wilson and tech giant Tencent Holdings Ltd. Goldman Sachs Group Inc. and Bank of America Corp. are leading the deal, an earlier statement shows. The share sale is expected to price later on Wednesday.
