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News.com.au
2 days ago
- Climate
- News.com.au
Hurricane Erin restrengthens as it lashes Caribbean with rain
Hurricane Erin restrengthened into a Category 4 storm late Sunday, with forecasters warning it is expected to intensify and grow in size in the coming days as it lashes Caribbean islands with heavy rains that could cause flash floods and landslides. The first hurricane of what is expected to be a particularly intense Atlantic season, Erin briefly strengthened into a "catastrophic" Category 5 storm before its wind speeds weakened. Forecasters do not currently expect it to make landfall along its expected course, but tropical storm warnings are in effect for the southeast Bahamas and Turks and Caicos Islands. Hurricane Erin was located about 130 miles (205 kilometers) east of Grand Turk Island at 11:00 pm Atlantic Standard Time (Monday 0300 GMT), with maximum sustained winds of 130 miles (215 kilometers) per hour, according to the Miami-based National Hurricane Center (NHC). "The core of Erin is expected to pass to the east and northeast of the Turks and Caicos Islands and the southeastern Bahamas overnight into Monday," the NHC said in its latest report. The North Carolina Outer Banks, Bermuda and the central Bahamas were advised to monitor Erin's progress. Hurricane Erin had reached the highest level on the Saffir-Simpson scale just over 24 hours after becoming a Category 1 storm, a rapid intensification that scientists say has become more common due to global warming. It could drench isolated areas with as much as six inches (15 centimeters) of rain, the NHC said. "Some additional strengthening is expected over the next 12 hours followed by gradual weakening," the agency said. "However, Erin is forecast to continue increasing in size and will remain a large and dangerous major hurricane through the middle of this week," it added. The NHC also warned of "locally considerable flash and urban flooding, along with landslides or mudslides." - Climate hazard - In San Juan, the capital of Puerto Rico, fishermen cast their rods into the storm-swollen waters of a local river on Sunday, AFP images showed. Earlier last weekend, surfers rode the swells along the island's coast before the storm approached. Areas of Puerto Rico -- a US territory home to more than three million people -- saw flooded roads and homes. Swells generated by Erin will spread to the Bahamas, Bermuda and the US and Canadian east coast in the coming days, creating "life-threatening surf and rip currents," the NHC said. While meteorologists have expressed confidence that Erin will remain well off the United States coast, they said the storm could still cause dangerous waves and erosion in places such as North Carolina. The Atlantic hurricane season, which runs from June until late November, is expected to be more intense than normal, US meteorologists predict. Several powerful storms wreaked havoc in the region last year, including Hurricane Helene, which killed more than 200 people in the southeastern United States. The National Oceanic and Atmospheric Administration -- which operates the NHC -- has been subject to budget cuts and layoffs as part of US President Donald Trump's plans to greatly reduce the size of the federal bureaucracy, leading to fears of lapses in storm forecasting. Human-driven climate change -- namely, rising sea temperatures caused by the burning of fossil fuels -- has increased both the possibility of the development of more intense storms and their more rapid intensification, scientists say.
Al Arabiya
2 days ago
- Climate
- Al Arabiya
Downgraded Hurricane Erin lashes Caribbean with heavy rains, expected to intensify
Hurricane Erin was downgraded to a Category 3 storm Sunday, but forecasters warn it is expected to intensify and grow in size in coming days, as it lashes Caribbean islands with heavy rains that could cause flash floods and landslides. The first hurricane of what is expected to be a particularly intense Atlantic season, Erin briefly strengthened into a 'catastrophic' Category 5 storm before its wind speeds weakened. Forecasters do not currently expect it to make landfall along its expected course, but tropical storm warnings are in effect for the southeast Bahamas and Turks and Caicos Islands. Hurricane Erin was located about 275 miles (445 kilometers) north of San Juan, Puerto Rico, at 5:00 pm Atlantic Standard Time (2100 GMT), with maximum sustained winds of 125 miles (205 kilometers) per hour, according to the Miami-based National Hurricane Center (NHC). 'The core of Erin is expected to pass to the east and northeast of the Turks and Caicos Islands and the southeastern Bahamas tonight and Monday,' the NHC said in their latest report. The North Carolina Outer Banks, Bermuda and the central Bahamas were advised to monitor Erin's progress. Hurricane Erin had reached the highest level on the Saffir-Simpson scale just over 24 hours after becoming a Category 1 storm, a rapid intensification that scientists say has become more common due to global warming. It could drench isolated areas with as much as eight inches (20 centimeters) of rain, the NHC said. 'Some increase in size and strength is forecast during the next 48 hours. Erin is likely to remain a dangerous major hurricane through the middle of this week,' the agency said. It also warned of 'locally considerable flash and urban flooding, along with landslides or mudslides.' Climate hazard In Luquillo, a coastal town of Puerto Rico, surfers rode the swells while beachgoers milled about the shore on an overcast Saturday before the storm approached, AFP images show. Areas of the US territory -- home to more than three million people -- saw flooded roads and homes. Swells generated by Erin will spread to the Bahamas, Bermuda and the US East Coast early next week, creating 'life-threatening surf and rip currents,' the NHC said. While meteorologists have expressed confidence that Erin will remain well off the United States coast, they said the storm could still cause dangerous waves and erosion in places such as North Carolina. The Atlantic hurricane season, which runs from June until late November, is expected to be more intense than normal, US meteorologists predict. Several powerful storms wreaked havoc in the region last year, including Hurricane Helene, which killed more than 200 people in the southeastern United States. The National Oceanic and Atmospheric Administration -- which operates the NHC -- has been subject to budget cuts and layoffs as part of US President Donald Trump's plans to greatly reduce the size of the federal bureaucracy, leading to fears of lapses in storm forecasting. Human-driven climate change -- namely, rising sea temperatures caused by the burning of fossil fuels -- has increased both the possibility of the development of more intense storms and their more rapid intensification, scientists say.
Cision Canada
07-08-2025
- Business
- Cision Canada
Sagicor Financial to Announce its Second Quarter 2025 Results on August 13, 2025 and Hold Earnings Call on August 14, 2025
TORONTO and BARBADOS, Aug. 7, 2025 /CNW/ - Sagicor Financial Company Ltd. (TSX: SFC) ("Sagicor Financial", "Sagicor" or the "Company") expects to release its second quarter 2025 results after market close on August 13, 2025. The Company also plans to hold an earnings conference call for analysts and investors on Thursday, August 14, 2025, at 1:00 p.m. Eastern Daylight Time in Toronto (1:00 p.m. Atlantic Standard Time in Barbados and Trinidad and Tobago, 12:00 p.m. Eastern Standard Time in Jamaica). To listen to the call via live audio webcast, visit the Company's website at or at The conference call is also available by dialing: 1-416-945-7677 (Toronto and area) 1-888-699-1199 (North American toll free) 448002797040 (United Kingdom) To join the conference call without operator assistance, you may register and enter your phone number at to receive an instant automated call back A replay will also be available until September 14, 2025, by dialing 1-646-517-4150 or 1-888-660-6345 (North American toll free), passcode 56423 #. A transcript of the call will also be made available on About Sagicor Financial Company Ltd. Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor's registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados. Additional information about Sagicor can be obtained by visiting SOURCE Sagicor Financial Company Ltd.
Business Wire
09-07-2025
- Business
- Business Wire
SINOVAC Board of Directors Announces Adjournment of Special Meeting of Shareholders Until Appropriate Court Can Make a Final Decision on the Validity of the PIPE Shares
BEIJING--(BUSINESS WIRE)--The Board of Directors of SINOVAC Biotech Ltd. (NASDAQ: SVA) (' SINOVAC ' or the ' Company '), a leading provider of biopharmaceutical products in China, today announced that the Special Meeting of Shareholders (the 'Special Meeting') held on Wednesday, July 9, 2025 at 8:00 a.m. China Standard Time (Tuesday, July 8, 2025 at 8:00 p.m. Atlantic Standard Time) has been adjourned, pending resolution of litigation in Antigua related to the validity of shares issued following an invalid private investment in public equity ('PIPE') to Advantech/Prime and Vivo Capital (together known as the 'Dissenting Investor Group'). The PIPE transaction was authorized by the former board, deemed an 'Imposter Board' by the UK Privy Council in an unappealable ruling in January 2025. Given the ongoing litigation and provisional nature of the Court of Appeal's decision to stay the prohibition of Vivo Capital and Advantech/Prime from voting the disputed shares, the Special Meeting was adjourned until the appropriate court can make a final and non-appealable decision regarding the validity of the PIPE shares and if they can be voted at a meeting of the Company. ANTIGUA COURT DECISION On July 7, 2025, the Eastern Caribbean Supreme Court of Antigua and Barbuda (the 'Antigua Court') granted an interim injunction prohibiting the holders of the PIPE shares from voting those shares at the Special Meeting, pending the Antigua Court's determination of its jurisdiction and the validity of those shares. In his decision, presiding Justice Tunde Ademola Bakre determined there were serious issues presented to the Court. He stated that the issue of whether the PIPE shares were properly allotted, or not, would need to be carefully evaluated. The Judge determined that a refusal of the injunction would cause an irredeemable loss, while the grant of the application may only cause a temporary setback for Prime/Advantech and Vivo Capital if eventually their shares are adjudged to have been properly issued. Advantech/Prime immediately filed an appeal with the Eastern Caribbean Court of Appeal seeking a temporary stay of the injunction order pending a hearing of their stay application. The Court of Appeal temporarily stayed the injunction order. SINOVAC has not yet had the opportunity to respond. Additionally, today, Justice Bakre dismissed an application by Vivo Capital for a stay of the injunction order, which was argued by lawyers for each of Vivo Capital, Advantech/Prime, and the Company before the High Court of Antigua. The Board has a fiduciary duty to respond to all legal proceedings on behalf of SINOVAC, as well as implement the Privy Council's judgment and order. In the meantime, the Board continues to govern the Company and remains committed to its mission of restoring fairness, delivering value and protecting the rights of all valid shareholders. The Board will continue to prioritize dividend distributions according to its previously announced policy, work with NASDAQ to resume trading, and explore a future listing on the Stock Exchange of Hong Kong to promote liquidity and maximize value creation. The Board deeply appreciates the overwhelming support received from shareholders throughout this process. ADDITIONAL INFORMATION For more details on the misdeeds and shareholder harm caused by the Imposter Former Board and Dissenting Investor Group, visit our website If you have questions about how your vote can be counted, please contact our proxy solicitor, Georgeson LLC, toll free at (844) 568-1506 in the U.S. and (646) 543-1968 outside the U.S. or via email at SinovacSpecialMeeting@ If you have questions about the dividend payment process, please contact the Dividend Information Agent: D.F. King & Co., Inc., 28 Liberty Street, 53rd Floor, New York, NY 10005, Attention: Sinovac Biotech Ltd. Special Dividend; Email: sva@ with a subject line of Sinovac Biotech Ltd, Special Dividend. About SINOVAC Sinovac Biotech Ltd. (SINOVAC) is a China-based biopharmaceutical company that focuses on the R&D, manufacturing, and commercialization of vaccines that protect against human infectious diseases. SINOVAC's product portfolio includes vaccines against COVID-19, enterovirus 71 (EV71) infected Hand-Foot-Mouth disease (HFMD), hepatitis A, varicella, influenza, poliomyelitis, pneumococcal disease, etc. The COVID-19 vaccine, CoronaVac®, has been approved for use in more than 60 countries and regions worldwide. The hepatitis A vaccine, Healive®, passed WHO prequalification requirements in 2017. The EV71 vaccine, Inlive®, is an innovative vaccine under "Category 1 Preventative Biological Products" and commercialized in China in 2016. In 2022, SINOVAC's Sabin-strain inactivated polio vaccine (sIPV) and varicella vaccine were prequalified by the WHO. SINOVAC was the first company to be granted approval for its H1N1 influenza vaccine Panflu.1®, which has supplied the Chinese government's vaccination campaign and stockpiling program. The Company is also the only supplier of the H5N1 pandemic influenza vaccine, Panflu®, to the Chinese government stockpiling program. SINOVAC continually dedicates itself to new vaccine R&D, with more combination vaccine products in its pipeline, and constantly explores global market opportunities. SINOVAC plans to conduct more extensive and in-depth trade and cooperation with additional countries, and business and industry organizations. Important Additional Information and Where to Find It In connection with SINOVAC's Special Meeting, SINOVAC has filed with the U.S. Securities and Exchange Commission ('SEC') and mailed to shareholders of record entitled to vote at the Special Meeting a definitive proxy statement and other documents, including a WHITE proxy card. SHAREHOLDERS ARE ENCOURAGED TO READ THE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS WHEN FILED WITH THE SEC AND WHEN THEY BECOME AVAILABLE BECAUSE THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and other interested parties will be able to obtain the documents free of charge at the SEC's website, or from SINOVAC at its website: You may also obtain copies of SINOVAC's definitive proxy statement and other documents, free of charge, by contacting SINOVAC's Investor Relations Department at ir@ Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. Such statements are based upon current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's or Board's control, which may cause actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company and Board do not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
National Post
09-07-2025
- Business
- National Post
Sinovac Shareholders Vote to Remove Current Directors and Elect SAIF Partners Nominees to Board at Special Meeting
Article content Article content Newly Elected Directors Are Committed to Support and Execute the Announced Payout of Dividends and Unlock Sinovac's Long-Term Value for All Shareholders Through the Resumption of Trading of Sinovac's Common Shares Article content NEW YORK — SAIF Partners IV L.P., ('SAIF Partners', 'we' or 'us'), today announced that Sinovac Biotech Ltd. ('Sinovac' or the 'Company') shareholders voted to approve SAIF Partners' proposals to remove the Company's incumbent directors and to elect SAIF Partners' slate of ten highly qualified director nominees to the Board of Directors (the 'Board') at Sinovac's Special Meeting of Shareholders (the 'Special Meeting'). Article content On July 8, 2025, at 8:00 p.m. Atlantic Standard Time, Sinovac's incumbent Chairman Chiang Li convened, then immediately purported to adjourn, the Special Meeting without allowing shareholders to participate. SAIF Partners representatives, alongside those of other shareholders, had arrived at the Special Meeting intending to participate in the meeting. Article content Subsequently, the shareholder representatives present convened a continuation of the Special Meeting, chaired by incumbent Sinovac Director Mr. Yuk Lam Lo, the only remaining director on the incumbent Board approved by Privy Council. During the Special Meeting, Sinovac's shareholders voted to approve both of SAIF Partners' proposals, based on a tabulation of votes cast on SAIF Partners' gold proxy card and the Company's white proxy card. Article content The newly elected directors of the Company are committed to supporting and executing Sinovac's announced payout of dividends and working closely with Sinovac's management to unlock long-term value for all shareholders by pursuing the resumption of trading of the Company's common shares to help Sinovac realize its tremendous potential. Article content Article content Article content Article content Gasthalter & Co. Article content Article content SAIF@ Article content Article content Article content Article content
