Latest news with #Announcement
Yahoo
3 days ago
- Business
- Yahoo
A rugby tour 12 years in the making: Australia awaits the British and Irish Lions
The Captain of the British & Irish Lions, Maro Itoje, left, with head coach Andy Farrell during the British and Irish Lions Squad Announcement in the AmEx Lounge at The O2, London, Thursday May 8, 2025. ( John Walton/PA via AP) The Captain of the British & Irish Lions, Maro Itoje, left, with head coach Andy Farrell during the British and Irish Lions Squad Announcement in the AmEx Lounge at The O2, London, Thursday May 8, 2025. ( John Walton/PA via AP) BRISBANE, Australia (AP) — A huge economic boost, 40,000 British and Irish visitors in a swathe of red supporter gear, and the combined rugby might of four countries set to take on Australia. The 10-match British and Irish Lions tour — a once-every-12-year occasion for Australia — kicks off next month and local organizers are already primed for the influx of rugby-loving visitors from England, Ireland, Scotland and Wales. Advertisement The first of three test matches is 50 days away, in Brisbane on July 19. The second test is scheduled for July 26 in Melbourne and the third in Sydney on Aug. 2. 'The Lions is something that tends to reach beyond just the rugby union fans,' Australia head coach Joe Schmidt said during a visit Friday to Suncorp Stadium, "because it's such an infrequent tour, people just get interested and we'd love to earn the support of all those folk by being really competitive. 'I'd love to think we're in the hunt.' Who are the Lions? The first Lions tour in 1888 comprised mostly English players and included matches in Australia and New Zealand. The tradition grew and since 1989, a Lions squad featuring Irish, England, Scottish and Welsh players has toured every four years on a rotational basis to Australia, New Zealand and South Africa. Advertisement Andy Farrell is head coach of a 38-man squad for the 2025 tour, with England lock Maro Itoje selected as captain. Recent history Australian rugby has declined since its historic 2001 series victory over the Lions. The 1999 Rugby World Cup champions recovered to clinch that series with back-to-back wins in Melbourne and Sydney after a first-test loss in Brisbane, when the Wallabies were stunned by a crowd overwhelmingly dominated by visiting fans. In 2013, the Lions — coming off a mid-week loss to the Canberra-based Brumbies in a tour game — edged Australia 23-21 in the first test in Brisbane and then, after losing 16-15 in Melbourne, rallied for a comprehensive 41-6 victory in Sydney. Advertisement Wallabies resurgence After failing to make the Rugby World Cup quarterfinals in 2023, Australia has been in a rebuilding phase under New Zealand-born Schmidt, a former Ireland coach. The Wallabies had six wins in 13 tests in a 2024 season that ended in a 22-19 loss to Ireland in Dublin, but an influx of new players and some improved performances have increased expectations for 2025. Schmidt, who will start assembling his squad next month as domestic teams bow out of the Super Rugby Pacific championship, knows that the Wallabies need to start being more consistent to win back the support of an Australian public which has a vast number of sporting choices. The Wallabies are No. 8 in the World Rugby rankings for men's international teams and need to improve quickly to get a good seeding for the 2027 World Cup, which Australia is hosting. Advertisement We 'need a series of really good performances and, and it's something that we're aspirational about and we work really hard behind the scenes to try to get into the mix,' Schmidt said. 'I think some of the promising signs, the way the Wallabies finished off last year, the way the Super Rugby teams have competed this year, and so it's our challenge to try to continue that.' Seeing red James Horwill, Australia's captain in the 2013 series, has seen enough red when it comes to Lions tours. His enduring memory of the 2001 series, when he was a teenager watching the first test on TV? 'It felt like a home game for the British and Irish Lions just with just with the red shirts and the crowd," he said. Advertisement He said there was more obvious support for Australia 12 years ago with more fans in gold, but the red of the Lions still stood out. 'You walk out of the hotel, there was red everywhere. It's almost like the British and Irish Lions fans don't bring anything else other than red t-shirts,' he said. 'They wear it everywhere, so we need our fans here to step up to the mark because we know they're coming in droves from the U.K." ___ AP rugby:
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Business Standard
12-05-2025
- Business
- Business Standard
US, China declare 90-day tariff pause, agree to mutual reductions
Amid ongoing discussions regarding a trade agreement, the United States and China have jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries. In a media address, US Treasury Secretary Scott Bessent said the two countries had agreed not only to a temporary suspension but also to a notable reduction in current tariff levels. According to Bessent, the tariff cuts will be reciprocal, with each side reducing rates by 115 percentage points. During this 90-day window, the US will lower its tariffs on Chinese goods from 145 per cent to 30 per cent. In a similar move, China will bring down tariffs on American imports from 125 per cent to 10 per cent. "We have reached an agreement on a 90-day pause and substantially moved down the tariff levels." He characterised the talks with Chinese officials as productive and emphasised that "both sides showed great respect," Bessent said. US Trade Representative hints at swift trade agreement US Trade Representative Jamieson Greer said, "It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as far as maybe thought." Greer said one of the Trump administration's main goals is to reduce the trade gap with China, which reached a record $263 billion the previous year. 'We're confident that the deal we struck with our Chinese partners will help us to resolve, work towards resolving that national emergency,' he said. Also Read A joint statement issued by US and China read, "The parties commit to take the following actions by May 14, 2025: The United States will (i) modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining ad valorem rate of 10 per cent on those articles pursuant to the terms of said Order..." The statement further said, "China will (i) modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining additional ad valorem rate of 10 per cent on those articles, and removing the modified additional ad valorem rates of duty on those articles imposed by Announcement of the Customs Tariff Commission of the State Council No. 5 of 2025 and Announcement of the Customs Tariff Commission of the State Council No. 6 of 2025; and (ii) adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025." US-China tariff war Since assuming office in January, Donald Trump has increased tariffs on US imports from China to 145 per cent, building on the levies he had introduced during his previous term and those later implemented by the Biden administration. In response, China imposed restrictions on the export of certain rare earth minerals — crucial for American defence and consumer electronics industries — and raised tariffs on US products to 125 per cent. This escalating trade conflict effectively froze close to $600 billion in bilateral trade, disrupted global supply chains, raised concerns over stagflation, and led to some job losses, Reuters reported.
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Business Standard
12-05-2025
- Business
- Business Standard
US, China agree to bring down reciprocal tariffs by 115% for 90 days
Amid ongoing discussions regarding a trade agreement, the United States and China have jointly declared a 90-day pause on a portion of their existing tariffs, as outlined in a statement released by both countries. US Treasury Secretary Scott Bessent revealed that the two nations had agreed not only to a temporary suspension but also to a notable reduction in current tariff levels. According to Bessent, the tariff cuts will be reciprocal, with each side reducing rates by 115 per cent. During this 90-day window, the US will lower its tariffs on Chinese goods from 145 percent to 30 per cent. In a similar move, China will bring down tariffs on American imports from 125 per cent to 10 per cent. Bessent said, "We have reached an agreement on a 90-day pause and substantially moved down the tariff levels." He characterised the talks with Chinese officials as productive and emphasised that "both sides showed great respect." Greer hints at swift trade agreement US Trade Representative Jamieson Greer said, It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as far as maybe thought." He said that one of the Trump administration's main goals is to reduce the trade gap with China, which reached a record $263 billion the previous year. 'We're confident that the deal we struck with our Chinese partners will help us to resolve, work towards resolving that national emergency,' Greer said. In a joint statement, the nations said, "The parties commit to take the following actions by May 14, 2025: The United States will (i) modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining ad valorem rate of 10 per cent on those articles pursuant to the terms of said Order; and (ii) removing the modified additional ad valorem rates of duty on those articles imposed by Executive Order 14259 of April 8, 2025 and Executive Order 14266 of April 9, 2025." The statement further said, "China will (i) modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining additional ad valorem rate of 10 per cent on those articles, and removing the modified additional ad valorem rates of duty on those articles imposed by Announcement of the Customs Tariff Commission of the State Council No. 5 of 2025 and Announcement of the Customs Tariff Commission of the State Council No. 6 of 2025; and (ii) adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025." US-China tariff war Since assuming office in January, Donald Trump has increased tariffs on US imports from China to 145 per cent, building on the levies he had introduced during his previous term and those later implemented by the Biden administration. In response, China imposed restrictions on the export of certain rare earth minerals — crucial for American defence and consumer electronics industries — and raised tariffs on US products to 125 per cent. This escalating trade conflict effectively froze close to $600 billion in bilateral trade, disrupted global supply chains, raised concerns over stagflation, and led to some job losses, Reuters reported.
Yahoo
28-02-2025
- Business
- Yahoo
Turnium Files Year End Financials and Provides MCTO Status Update
Vancouver, Canada--(Newsfile Corp. - February 28, 2025) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or the "Company") provides an update with respect to the previously announced Management Cease Trade Order (the "MCTO") issued by the British Columbia Securities Commission (the "BCSC") on January 29, 2025 (the "Default Announcement"). The Company is providing this notice in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). The MCTO prevents the Company's Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") from trading in the Company's securities, but does not affect the ability of other shareholders, including the public, to trade in the securities of the Company. The Company confirms that the audited annual financial statements for the year ended September 30, 2024, along with the management's discussion and analysis and related CEO and CFO certificates for the period, which were required to be filed on or before January 28, 2025, have been filed on February 28, 2025. The MCTO will remain in effect until the quarterly financial statements for the three months ended December 31, 2024, along with the management's discussion and analysis and related CEO and CFO certificates for the period (the "2025 Q1 Filings") are filed. While the 2025 Q1 Filings were originally required to be filed on or before March 3, 2025, the BCSC has granted an extension, allowing them to be filed on or before March 7, 2025. As previously stated, subject to current conditions remaining the same, the Company remains confident in its ability to complete the 2025 Q1 Filings and will make its best efforts to complete the process within the timeline indicated. The MCTO remains in effect until the Company files the 2025 Q1 Filings and the BCSC's Executive Director has revoked the MCTO. The Company confirms that since the date of the Default Announcement, other than as described above: (a) there has been no material change to the information set out in the Default Announcement that has not been generally disclosed; (b) there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12- 203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and (d) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains delayed. About Turnium Technology Group Inc.: "Let's get IT done." Turnium Technology Group Inc. (TTGI) acquires companies that complement its Technology-as-a-Service (TaaS) strategy, integrates them to generate efficiencies, and delivers their solutions through a global channel partner program to customers worldwide. TTGI's mission is to provide IT providers with a complete, white-labelled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand. In essence, Turnium is building a TaaS platform that incorporates all the services, platforms, and capabilities that ISPs, MSPs, IT Providers, VoIP/UCaaS, CCaaS, or Cloud Providers might need. Additionally, Turnium provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality. Turnium delivers secure, cost-effective, uninterrupted, and scalable global IT solutions to its channel partners and their end-customers-ensuring that "We get IT done, right." For more information, contact sales@ visit or follow us on Twitter @turnium. Turnium Contact: Investor Relations: Bill Mitoulas, Email: Telephone: +1 416-479-9547 Media inquiries: please email media@ inquiries: please email sales@ CAUTIONARY NOTES Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including, without limitation, statements with respect to: statements regarding the timing, review, completion and filing of the 2025 Q1 Filings by March 7, 2025, and the Company's ability to comply with the provisions of the alternative information guidelines described in NP 12-203. Such statements involve known and unknown risks, uncertainties, and other factors and assumptions which may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information including, without limitation, the risk of the Company not being able to file the 2025 Q1 Filings on time and the other factors disclosed under "Risk Factors" in the Company's Management's Discussion and Analysis for the year ended September 30, 2024, and those risks described in other documents incorporated or deemed to be incorporated by reference therein. Such statements can be identified by the use of words such as "expect", "anticipate", and other similar terminology, or state that certain actions, events, or results "may", "could", "might", or "will" be taken, occur, or be achieved. These statements reflect the Company's current expectations regarding future events, performance, and results and speak only as of the date of this news release. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except as required by securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if the Company's expectations regarding future events, performance, or results change. To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
27-02-2025
- Business
- Associated Press
Alset AI Provides Bi-Weekly MCTO Status Report
VANCOUVER, BC / ACCESS Newswire / February 26, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:ALSCF) (FSE:1R60, WKN:A3ESVQ)('Alset AI' or the 'Company') an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, announces that further to its news release dated January 29, 2025 (the 'Default Announcement'), the Company's principal regulator, the British Columbia Securities Commission (the 'BCSC') granted a management cease trade order (the 'MCTO') on January 29, 2025, under National Policy 12-203 Management Cease Trade Orders ('NP 12-203"). Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer may not trade in securities of the Company until such time as the Company files its annual audited financial statements for the year ended September 30, 2024, including the related management's discussion and analysis, and CEO and CFO certifications on or before March 31, 2025 (collectively the 'Required Documents') and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities. The Company's staff are working diligently with its auditors and the Company anticipates that it will be in a position to file the Required Documents by March 11, 2025. The Company's Board of Directors and management confirm that they are working expeditiously to file the Required Documents and confirm that since the Company's Default Announcement: There have been no material changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor; There have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203; There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and There have been no material changes in respect of the Company's affairs that have not been generally disclosed. Until the Required Documents have been filed, the Company intends to continue to satisfy the provisions of the Alternative Information Guidelines specified in NP 12-203 by issuing these bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the Required Documents filing requirement. On behalf of Alset AI Ventures Inc. 'Adam Ingrao' Adam Ingrao Chief Executive Officer About Alset AI Ventures Inc. Alset AI is a pioneering AI and cloud computing investment firm, committed to nurturing high-potential technology companies. Through a combination of capital, strategic advisory, and cloud computing alliances, Alset AI is shaping the future of artificial intelligence and building an AI-focused venture capital platform poised for substantial growth. For further information about Alset AI Ventures Inc., please contact: Adam Ingrao, Chief Executive Officer T: 1-236-312-6744 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information This news release contains forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements are often identified by words such as 'expects,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'may,' 'could,' 'will,' 'plans,' and similar expressions. These statements relate to future events or future performance, including, but not limited to, statements regarding the anticipated timing for filing the Required Documents, the Company's ability to remedy its filing default, the expected revocation of the MCTO, and the Company's continued compliance with National Policy 12-203 Management Cease Trade Orders ('NP 12-203"). Forward-looking statements are based on the Company's current expectations, beliefs, and assumptions, including assumptions regarding the timely completion of the audit process, the ability of the Company and its auditors to meet required filing deadlines, the accuracy of management's estimates and expectations, regulatory approvals, and market conditions. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied in such statements. Factors that could cause actual results to differ materially include, but are not limited to: delays in the audit process; the Company's inability to file the Required Documents within the anticipated timeframe; regulatory or compliance issues; changes in financial reporting or disclosure standards; unanticipated requests for additional information from auditors or regulators; and other unforeseen financial, operational, or regulatory developments. Additional risk factors are outlined in the Company's public filings available on SEDAR+ ( The Company undertakes no obligation to update or revise any forward-looking statements to reflect new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements, as actual results may differ materially from expectations. SOURCE: Alset AI Ventures Inc.
