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CHANGSHA, China , Dec. 28, 2024 /PRNewswire/ -- Modern China's rural revitalization strategy is crafting a remarkable narrative of transformation across the countryside, while progressive opening-up policies encourage foreign visitors to delve deeper into the nation's heartland. On December 26th , VOC.com.cn premiered the second season of its acclaimed series, I Am in Rural China. The show follows Teona Kvartskhava, an international guest, as she explores the villages of Hunan Province , offering viewers a firsthand look at the dynamic implementation of comprehensive rural revitalization. This captivating series invites a global audience to witness the dawn of a new era in China's rural landscapes, showcasing the country's evolving countryside to viewers worldwide. Rice field came as the first surprise. Hunan is the largest rice grower and producer in China . Hunan provides the high-quality and tasty rice. Teona Kvartskhava, a foreigner hardly feeding on rice, was tempted to have plenty of it. In Qunle Village, Lixian County, Changde, she also experienced "Double Rush", which is a time-honored agricultural event in China . An event that used to call for the joint efforts of all family members, has now become much easier thanks to technology. Departing from Lixian County for the moment, Teona Kvartskhava embarked on an exciting trip of tastes in Rucheng, Chenzhou , Southern Hunan . Hunan people are keen and expert on peppery food and spicy taste dominates the Hunan cuisine. Hunan is also rich in varieties of peppers. Jingpo town, a well-known town where spicy food prevails. It is a producer of red cluster pepper, officially one of the hottest peppers in China . From the crowded market, to the red and yellow pepper planting base, and then to the modern processing pepper workshop, the small cluster pepper strung up all corners of the town, so that the original ordinary mountain town has become extraordinarily lively and affluent. Of course, the "star" of the countryside here is not only agriculture, but also culture, which has also blossomed in this ancient land. As the birthplace of papermaking, China has preserved a unique handmade papermaking technique, which is used to make some "special" papers. In Shanghong Village, Liuyang, Teona Kvartskhava was lucky to meet two Chinese masters, who showed her hands-on experiences of "Gushan Tribute Paper" and "Floral Paper". As the process progresses, the paper took shape in her hands, as if history and culture were meeting in front of her eyes, and became the "first paper" in Teona Kvartskhava's life. So,What's rural China like? It's about hospitable peasants, about various agricultural produce, about profound history and culture, about colorful intangible cultural heritage. It's like a book telling numerous absorbing stories. Hopefully Teona Kvartskhava'll be luckier to visit more villages for their unique interest and charm. View original content to download multimedia: https://www.prnewswire.com/news-releases/my-date-with-rural-chinavoccomcn-unveils-season-two-of-i-am-in-rural-china-302339884.html SOURCE voc.com.cn © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.The Orioles on Saturday agreed to a . The former Red Sox and Cardinals slugger is likely to slide into the middle of the lineup after he hit 31 home runs with 99 RBIs for Boston last season. , and now we want you to tell us what you think. After you vote, and we might publish your take in The Baltimore Sun.
Srini Venkatramani Joins Blend As Head of Product, Technology, and Customer Operations
Former US president dies aged 100What's New? California's northern coast is enduring life-threatening surf conditions, with waves reaching up to 30 feet. The National Weather Service (NWS) has issued warnings through the rest of the week, urging residents to stay off piers, wharves and beaches. The advisory follows a series of incidents, including the collapse of a 150-foot section of the Santa Cruz wharf and multiple fatalities . A High Surf Advisory has been issued through 4 PM Sunday for large breaking waves of 20-30 feet. Inexperienced swimmers should remain out of water due to life-threatening surf conditions. #CAwx #BayAreaWX pic.twitter.com/2KMz5Tc8Qm Why It Matters The massive waves have already caused significant destruction, claiming lives and injuring several people. Beyond the immediate physical dangers, the economic and social impact of damage to coastal areas could be long-lasting. With more dangerous surf expected, officials are urging vigilance to prevent further tragedies. The dangerous conditions are not limited to physical structures or recreational activities; they also pose significant threats to local infrastructure and safety. Officials have called for heightened vigilance, especially near coastal areas. As high surf warnings remain in place, residents are reminded to prioritize safety. Whether marveling at the waves from a distance or driving along the coastline, experts emphasize the need for caution. Storm debris, rip currents and unstable structures can pose life-threatening risks. What To Know In Santa Cruz, a 150-foot section of the city's wharf collapsed into the ocean on Monday, sending three city workers into the water. They survived with only minor injuries. On the same day, at Sunset State Beach, a man was killed after becoming trapped under storm debris, while another man swept away at Marina State Beach remains missing. Farther south, the Coast Guard suspended its search for two fishermen who disappeared after a trip off the coast of Palos Verdes. Their wrecked boat was discovered earlier this week. Throughout the region, the NWS is warning of hazardous rip currents and dangerous surf conditions, emphasizing that inexperienced swimmers should avoid entering the water. What People Are Saying Santa Cruz resident Bud Freitas told The Guardian : "It's total chaos. I just did a drive through the south side of town and the beaches are all tore up. It looks like a bomb went off." What Happens Next The high surf advisory will remain in effect through the week, with no immediate relief in sight, per the NWS. Officials urge residents to avoid coastal areas, stay informed about conditions and prioritize safety. In northern California and southern Oregon, a winter weather advisory for Mount Shasta and Crater Lake adds another layer of complexity to the region's extreme weather.
Pete Wicks kicked off the Strictly Come Dancing show on Saturday 23 November, but fans were quick to take to social media expressing that it might be time for the Towie star to pack his bags. With the competition down to just seven couples, Pete, alongside his pro partner Jowita Pryzstal, performed a Tango to the classic track Easy Lover, but the performance didn't sit well with viewers. Many were unimpressed by the performance, criticising Petes skills and even the choice of tune. "Rubbish opening to the show actually. Definitely in the dance off," one viewer remarked, while another added: "I actually cannot believe it is WEEK TEN and Pete Wicks is still here." Comments continued, with one fan saying: "While Pete's posture and line are so improved, I'm gonna be so sad if Pete isn't in the b2 and someone else goes this week," and another suggesting: "Overall, it's a decent performance but time to go." Dismay wasn't reserved just for the dancing, as the selection of Philip Bailey and Phil Collins hit Easy Lover also faced backlash. "Not only was that an appalling choice of music for a Tango the singing was atrocious," a dissatisfied fan declared, while another chimed in: "And straight away we have an incomprehensibly inappropriate song to go with a tango." The tempo also sparked debate, with one viewer questioning: "Anyone else thought the music was much quicker than the dance? So weird ." Pete recently confessed he was "petrified" about participating in this week's Strictly, which will introduce a first-ever Samba-Thon. Once all seven remaining couples have completed their individual routines, they'll hit the dance floor together for a group Samba. The judges will then start eliminating couples one by one, with the last couple standing gaining an extra seven points to add to their score on the leaderboard. "This is the most nervous I've ever been about doing anything," Pete revealed, highlighting how the show pushes him beyond his comfort zone. After Pete and Jowita found themselves at the bottom of the leaderboard in Blackpool last week, the prospect of additional points this week is particularly enticing. Fans are rooting for Pete to remain on the show, especially after his unforgettable performance at the iconic Blackpool ballroom where he danced to Right Said Fred's 'I'm Too Sexy' in tight PVC pink trousers, sending fans into fits of laughter as they shared their reactions on X, formerly known as Twitter . One fan tweeted: "OH PETE THE ICON YOU ARE #strictly", while another posted: "Pete was weirdly iconic I thought." A third added: "Oh dear not Pete's best dance but omg those pink pants! A showcase for his sexiness. It worked. The judges comments are hilarious. Craig as honest as ever." Follow Mirror Celebs on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads.Boise State's legacy includes winning coaches and championship moments
The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones Industrial Average added 0.1% and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as US markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. US-listed shares in Honda and Nissan rose 4.1% and 16.4% respectively. The Japanese car makers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street also got a labour market update. US applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labour Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late on Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar.BIMCO’s long-awaited FuelEU clause has now been published. This is a helpful and welcome starting point for Owners and Charterers to agree how calculations and costs will be dealt with under their charterparties. However, as it does not cover everything in detail Owners and Charterers should be mindful of certain issues when incorporating this clause wholesale into their charterparties. This article takes a closer at these issues, and where parties may wish to consider adding to or amending the standard wording. Sub-clause (c) is intended to enable Charterers to supply biofuels or other alternative fuels to the vessel to comply with FuelEU requirements. Parties should remember that any agreement to supply biofuels, or any other compliance technologies, may require corresponding amendments to speed and performance warranties, bunker specifications and potentially provisions for on-board fuel trials, tank cleaning / preparation as well as agreement on the time and cost for these. A good starting place for agreement to burn alternative fuels is class and engine manufacturers’ comments whose approvals are likely to be required from Owners’ H&M insurers. Reporting of Compliance Balance on delivery Sub-clause (a) requires Owners to inform Charterers upon delivery of the Vessel’s compliance balance for the previous two reporting periods. ‘Reporting period’ is defined in the clause as from 1 January to 31 December. This transparency is necessary to allow Charterers to understand how any penalties may be calculated in future years. Under the FuelEU regulation, a negative compliance balance in consecutive years will increase the size of the penalty payable by the vessel – 10% for the first year, 20% for the following year and so on. So a Charterer needs clear information on what previous balances have been to know what their exposure may be. If a Charterer takes over a Vessel which had a negative compliance balance in the previous year under the previous charter, and then proceeds to register a negative compliance again, the Vessel will be left with a 10% extra (‘multiplier’) which arises partly because of a previous charterers’ performance. Ideally therefore a Charterer taking over such a ship will seek to negotiate terms so that the effect of a multiplier is not for their account. The default provision under sub-clause (d) is that Owners will notify Charterers of the aggregated compliance balance within the first 15 days after each relevant voyage. Where this compliance balance is in the negative (i.e. the vessel is operating above the GHG limit and thereby incurring a penalty), Owners’ calculation must be ‘independently validated’ in order to be presented to Charterers. The explanatory notes provide that this validation can be done by any service provider, but there could be disputes over whether Owners’ choice of validator will always be considered “independent”. Given this clause requires Owners’ calculations to be verified in order to trigger any payment, Owners should ensure that this is workable. Parties may wish to include provision for how the cost of any validation will be apportioned between the parties (is the cost one that arises from Charterers’ trading decisions, or simply an Owners’ running cost?). In situations where the vessel is sub-chartered, Charterers may wish to agree that any liabilities calculated by Owners, especially when verified, are fixed and binding in order not to leave Charterers in a difficult position with their sub-charterers. Under sub-clause (d) a surcharge becomes due from Charterers when the vessel operates in the EU above the FuelEU GHG emission limits. The surcharge reflects the cost of the penalty that the vessel becomes liable for as a result of this. The parties are free to agree when payment for any surcharge is payable by Charterers to Owners. Under sub-clause (f), this can be paid on a monthly or per voyage basis or upon redelivery, but no later than 7th June of the following year, by which time Owners will have had their final Fuel EU liability calculated and verified. Payment terms and deadlines can be negotiated , but Owners should be aware that leaving payment to be calculated with a final hire statement will potentially expose Owners to a significant and unsecured sum. A Charterer may argue that they should not have to put Owners in funds to cover penalties unless/until they are actually confirmed and paid, but there are no other areas where Owners offer time-charterers significant credit in this way. In this regard, sub-clause (g) provides rules for possible reimbursement of a surcharge from Owners to Charterers with an aim to deal with this concern. At the very least, a Charterer should always seek to ensure that any payment arranged under a sub-charter will match that which has been agreed with Owners. Where the parties opt for a monthly or per voyage payment, the BIMCO clause gives Owners the right to suspend service under the charterparty where the surcharge has not been paid. This is similar to the suspension of performance provision under the BIMCO EU-ETS clause which some Charterers were reluctant to include in their contracts. If a Charterer can agree at least to defer payment until payment of final hire, this will remove the threat of any suspension of performance. Under sub-clause (i), Charterers have the right to instruct the Owners to bank or pool any Compliance Balance under the BIMCO clause but only where a charter covers a complete reporting period – meaning that it runs from 1 January to 31 December. So a charterparty entered into from February 2025 – November 2026 will not, without amendment, entitle Charterers to bank or pool any credit. This is presumably to reflect the fact that Owners (and disponent owners) need to be careful not to grant Charterers conflicting rights about who decides about pooling and banking because in each calendar year, only one party can have the right to make such choices. If Charterers qualify for banking / pooling, Owners have to follow Charterers’ instructions to do so. If Owners wish to reserve the right to decline pooling (in the event of a sanctions risk, for example) Owners would need to expressly reserve the right to do so in any clause. Whilst not set out, it is presumably implied that Charterers will provide Owners with all the necessary information allowing for banking / pooling; albeit it is made clear that all banking / pooling costs and liabilities will be at Charterers’ cost. It is still unclear how pooling agreements will work in practice, and it is not clear under the BIMCO clause if or how Owners will reimburse Charterers in the event that Owners receive payment for pooling a positive compliance balance, or if recoveries would go to the charterer directly. This is another issue which may need some additional wording or agreement. BIMCO’s explanatory notes provide that Charterers should obtain any benefits from the pool, but express provision for this in the clause is seemingly absent. If the parties expect the vessel to generate significant FuelEU compliance surplus then we recommend that careful thought is given to how it will be handled (and likely pooled) as the BIMCO clause contains very little detail on this, and the Charterers would likely want more certainty over what their rights are going to be. If Owners wish to enter vessels into a pool as part of their own separate pooling strategy, Owners will need to amend the provision in the BIMCO clause that gives Charterers the right to make the decisions on pooling. Such amendment would need to deal with who bears the cost of pooling for compliance purposes and if / how Charterers repay it, and what happens to funds generated from pooling compliance balances. Borrowing is only permissible where the charter period encompasses at least two consecutive reporting periods (sub-clause (l)). That is, the charter must for example run from 1 January 2025 – 31 December 2026 in order for Charterers to be able to request that Owners borrow in 2026 for the preceding year’s negative compliance. Charterers are not entitled to borrow in the final year of a charter, which should give Owners some time in the final year to take action to deal with any borrowed deficit. Owners may want to include restrictions on the value of what can be borrowed, so that if a deficit goes above a certain limit there are no rights to borrow, even if borrowing is currently limited under the regulation to 2%. Positive compliance balance If a charterparty runs for several years and the vessel generates positive compliance balances in the early years then it is easy to understand that the Charterers would want to receive the full benefit of them, whether by banking the credit for use in future years, or by pooling the credit to realize their value. However, what should happen to credits that are accrued in partial years, e.g. in the first six months of a year when the vessel is re-delivered by the Charterer in June 2027? If that Charterer is given the right to direct what happens to credits accrued during the first six months, then it will prevent the subsequent charterer from being able to say what happens to credits earned under the last six months of the year. The same concern would arise for a charterparty that runs for only a few months, but where a FuelEU credit may be generated. BIMCO’s solution to this is contained in sub-clause (m), but it will only apply if the parties agree on a value to be entered. Under this sub-clause, the Owners will pay the Charterers for the credit at a pre-agreed price, up to a fixed cap. The difficulty for Owners with this arrangement is that they are likely to have to finance the cost of the refund before its actual value is known, and before any funds are realized. Correspondingly, Charterers may not like to receive less than the full value of the credit they have earned. One, more complex, alternative, would be for the full actual value of the credit to be passed to Charterers when it is realized. The BIMCO clause provides a starting point for how the various mechanisms of the FuelEU regulation could work under a charterparty. Given that the industry is still familiarizing itself with how things will work in practice, the BIMCO clause is helpful for negotiations but it is not a panacea for all parties. There will still need to be some careful thought on how this clause should be amended in order to fit different parties’ needs and their plans for how to use vessels operating in the EU. Source: Gard,NBA joins NFL in warning players about security following Bobby Portis, Mike Conley Jr. home burglaries
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DAYTONA BEACH, Fla. (AP) — Aniwaniwa Tait-Jones' 21 points helped UC San Diego defeat James Madison 73-67 on Friday night. Tait-Jones also contributed six rebounds for the Tritons (4-2). Hayden Gray scored 16 points and added four steals. Nordin Kapic went 5 of 8 from the field (1 for 4 from 3-point range) to finish with 12 points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.Shohei Ohtani's eventual return to the mound isn't going to come at the start of the 2025 season. Los Angeles Dodgers manager Dave Roberts told reporters on Monday it was "very unlikely" that Ohtani would be able to pitch by then, though added he expects him to be ready to go as a hitter. The superstar slugger had arthroscopic surgery for a torn labrum in his left shoulder in November. This article will be updated soon to provide more information and analysis. For more from Bleacher Report on this topic and from around the sports world, check out our B/R app , homepage and social feeds—including Twitter , Instagram , Facebook and TikTok .AP Trending SummaryBrief at 6:06 p.m. EST
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- C3.ai, Inc. (“C3 AI,” “C3,” or the “Company”) (NYSE: AI), the Enterprise AI application software company, today announced financial results for its fiscal second quarter ended October 31, 2024. “We had an outstanding quarter with strong top- and bottom-line performance to mark our seventh consecutive quarter of accelerating revenue growth,” said Thomas M. Siebel, Chairman and CEO, C3 AI. “It is difficult to overstate the potential of the Microsoft–C3 AI strategic alliance,” said Siebel. “By establishing C3 AI as a preferred AI application provider on Azure and creating a Microsoft-scale go-to-market engine, we’re making it easy for businesses to adopt and deploy C3 AI applications. This is an inflection point for Enterprise AI, driving growth.” Fiscal Second Quarter 2025 Financial Highlights Microsoft Azure Strategic Alliance Partner Network C3 AI reinforced its leadership in Enterprise AI, strengthened by a thriving partner ecosystem to accelerate Enterprise AI adoption. Business Highlights C3 AI had continuing momentum with significant Federal and commercial successes and strengthened strategic partnerships. Federal Momentum Federal business demonstrated strong execution, securing key wins and expansions across multiple agencies. C3 Generative AI C3 AI further strengthens its competitive edge in generative AI, affirming its market leadership. Financial Outlook: The Company’s guidance includes GAAP and non-GAAP financial measures. The following table summarizes C3 AI’s guidance for the third quarter of fiscal 2025 and full-year fiscal 2025: (in millions) Third Quarter Fiscal 2025 Guidance Full Year Fiscal 2025 Guidance Total revenue $95.5 - $100.5 $378.0 - $398.0 Non-GAAP loss from operations $(38.6) - $(46.6) $(105.0) - $(135.0) A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future. Stock-based compensation expense-related charges, including employer payroll tax-related items on employee stock transactions, are impacted by the timing of employee stock transactions, the future fair market value of our common stock, and our future hiring and retention needs, all of which are difficult to predict and subject to constant change. We have provided a reconciliation of GAAP to non-GAAP financial measures in the financial statement tables for our historical non-GAAP results included in this press release. Our fiscal year ends April 30, and numbers are rounded for presentation purposes. Conference Call Details What: C3 AI Second Quarter Fiscal 2025 Financial Results Conference Call When: Monday, December 9, 2024 Time: 2:00 p.m. PT / 5:00 p.m. ET Participant Registration: https://register.vevent.com/register/BI383ae1e1c80b4221a65de6c2c2baf582 (live) Webcast: https://edge.media-server.com/mmc/p/xf8dudjw (live and replay) Investor Presentation Details An investor presentation providing additional information and analysis can be found at our investor relations page at ir.c3.ai . Statement Regarding Use of Non-GAAP Financial Measures The Company reports the following non-GAAP financial measures, which have not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. We use these non-GAAP financial measures internally for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP. Our presentation of non-GAAP financial measures may not be comparable to similar measures used by other companies. We encourage investors to carefully consider our results under GAAP, as well as our supplemental non-GAAP information and the reconciliation between these presentations, to more fully understand our business. Please see the tables included at the end of this release for the reconciliation of GAAP to non-GAAP financial measures. Other Information Professional Services Revenue Our professional services revenue includes service fees and prioritized engineering services. Service fees include revenue from services such as consulting, training, and paid implementation services. For service fees, revenue is typically recognized over time as the services are performed. Prioritized engineering services are undertaken when a customer requests that we accelerate the design, development, and delivery of software features and functions that are planned in our future product roadmap. When we agree to this, we negotiate an agreed upon fee to accelerate the development of the software. When the software feature is delivered, it becomes integrated to our core product offering, is available to all subscribers of the underlying software product, and enhances the operation of that product going forward. Such prioritized engineering services result in production-level computer software – compiled code that enhances the functionality of our production products – which is available for our customers to use over the life of their software licenses. Per Accounting Standards Codification (ASC) 606, Prioritized engineering services revenue is recognized as professional services over the period in which the software development is completed. Total professional services revenue consists of: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 (in thousands) (in thousands) Prioritized engineering services $ 9,661 $ 4,852 $ 20,310 $ 13,100 Service fees 3,515 1,928 6,623 4,690 Total professional services revenue $ 13,176 $ 6,780 $ 26,933 $ 17,790 Use of Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements regarding our market leadership position, anticipated benefits from our partnerships, financial outlook, our sales and customer opportunity pipeline including our industry diversification, the expected benefits of our offerings (including the potential benefits of our C3 Generative AI offerings), and our business strategies, plans, and objectives for future operations. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including our history of losses and ability to achieve and maintain profitability in the future, our historic dependence on a limited number of existing customers that account for a substantial portion of our revenue, our ability to attract new customers and retain existing customers, market awareness and acceptance of enterprise AI solutions in general and our products in particular, the length and unpredictability of our sales cycles and the time and expense required for our sales efforts. Some of these risks are described in greater detail in our filings with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q for the fiscal quarters ended July 31, 2024 and, when available, October 31, 2024, although new and unanticipated risks may arise. The future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Except to the extent required by law, we do not undertake to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations. About C3.ai, Inc. C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited) Three Months Ended October Six Months Ended October 31, 2024 2024 2023 2024 2023 Revenue Subscription (1) $ 81,162 $ 66,449 $ 154,618 $ 127,801 Professional services (2) 13,176 6,780 26,933 17,790 Total revenue 94,338 73,229 181,551 145,591 Cost of revenue Subscription 35,038 30,937 68,330 61,371 Professional services 1,460 1,179 3,215 2,558 Total cost of revenue 36,498 32,116 71,545 63,929 Gross profit 57,840 41,113 110,006 81,662 Operating expenses Sales and marketing (3) 55,643 49,895 107,768 93,780 Research and development 55,715 50,399 108,642 101,267 General and administrative 21,770 20,215 41,470 40,104 Total operating expenses 133,128 120,509 257,880 235,151 Loss from operations (75,288 ) (79,396 ) (147,874 ) (153,489 ) Interest income 9,560 10,480 19,563 20,602 Other income (expense), net 13 (638 ) 41 (877 ) Loss before provision for income taxes (65,715 ) (69,554 ) (128,270 ) (133,764 ) Provision for income taxes 257 226 529 374 Net loss $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Including related party revenue of $10,581 for the six months ended October 31, 2023. (2) Including related party revenue of $5,804 for the six months ended October 31, 2023. (3) Including related party sales and marketing expense of $810 for the six months ended October 31, 2023. C3.AI, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for share and per share data) (Unaudited) October 31, 2024 April 30, 2024 Assets Current assets Cash and cash equivalents $ 121,274 $ 167,146 Marketable securities 609,100 583,221 Accounts receivable, net of allowance of $486 and $359 as of October 31, 2024 and April 30, 2024, respectively 159,987 130,064 Prepaid expenses and other current assets 27,458 23,963 Total current assets 917,819 904,394 Property and equipment, net 84,198 88,631 Goodwill 625 625 Other assets, non-current 43,647 44,575 Total assets $ 1,046,289 $ 1,038,225 Liabilities and stockholders’ equity Current liabilities Accounts payable $ 20,611 $ 11,316 Accrued compensation and employee benefits 41,755 44,263 Deferred revenue, current 35,663 37,230 Accrued and other current liabilities 23,979 9,526 Total current liabilities 122,008 102,335 Deferred revenue, non-current 127 1,732 Other long-term liabilities 65,193 60,805 Total liabilities 187,328 164,872 Commitments and contingencies Stockholders’ equity Class A common stock 125 120 Class B common stock 3 3 Additional paid-in capital 2,077,044 1,963,726 Accumulated other comprehensive income (loss) 521 (563 ) Accumulated deficit (1,218,732 ) (1,089,933 ) Total stockholders’ equity 858,961 873,353 Total liabilities and stockholders’ equity $ 1,046,289 $ 1,038,225 C3.AI, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Six Months Ended October 31, 2024 2023 Cash flows from operating activities: Net loss $ (128,799 ) $ (134,138 ) Adjustments to reconcile net loss to net cash used in operating activities Depreciation and amortization 6,092 6,220 Non-cash operating lease cost 203 454 Stock-based compensation expense 111,721 104,049 Accretion of discounts on marketable securities (7,618 ) (8,755 ) Other 418 — Changes in operating assets and liabilities Accounts receivable (1) (30,051 ) (8,567 ) Prepaid expenses, other current assets and other assets (2) (1,993 ) (665 ) Accounts payable (3) 9,294 (2,918 ) Accrued compensation and employee benefits (4,815 ) (2,551 ) Operating lease liabilities (1,215 ) 7,804 Other liabilities (4) 19,284 1,709 Deferred revenue (5) (3,172 ) (7,296 ) Net cash used in operating activities (30,651 ) (44,654 ) Cash flows from investing activities: Purchases of property and equipment (1,739 ) (16,631 ) Capitalized software development costs — (2,750 ) Purchases of marketable securities (365,926 ) (489,871 ) Maturities and sales of marketable securities 348,750 412,554 Net cash used in investing activities (18,915 ) (96,698 ) Cash flows from financing activities: Proceeds from issuance of Class A common stock under employee stock purchase plan 5,009 5,055 Proceeds from exercise of Class A common stock options 4,472 10,163 Taxes paid related to net share settlement of equity awards (5,787 ) (9,686 ) Net cash provided by financing activities 3,694 5,532 Net decrease in cash, cash equivalents and restricted cash (45,872 ) (135,820 ) Cash, cash equivalents and restricted cash at beginning of period 179,712 297,395 Cash, cash equivalents and restricted cash at end of period $ 133,840 $ 161,575 Cash and cash equivalents $ 121,274 $ 149,009 Restricted cash included in other assets 12,566 12,566 Total cash, cash equivalents and restricted cash $ 133,840 $ 161,575 Supplemental disclosure of cash flow information—cash paid for income taxes $ 534 $ 281 Supplemental disclosures of non-cash investing and financing activities: Purchases of property and equipment included in accounts payable and accrued liabilities $ 117 $ 7,293 Right-of-use assets obtained in exchange for lease obligations (including remeasurement of right-of-use assets and lease liabilities due to changes in the timing of receipt of lease incentives) $ 1,345 $ 778 Vesting of early exercised stock options $ 216 $ 294 (1) Including changes in related party balances of $12,444 for the six months ended October 31, 2023. (2) Including changes in related party balances of $(810) for the six months ended October 31, 2023. (3) Including changes in related party balances of $248 for the six months ended October 31, 2023. (4) Including changes in related party balances of $(2,448) for the six months ended October 31, 2023. (5) Including changes in related party balances of $(46) for the six months ended October 31, 2023. C3.AI, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, except percentages) (Unaudited) Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Reconciliation of GAAP gross profit to non-GAAP gross profit: Gross profit on a GAAP basis $ 57,840 $ 41,113 $ 110,006 $ 81,662 Stock-based compensation expense (1) 8,311 8,993 16,719 17,509 Employer payroll tax expense related to employee stock-based compensation (2) 171 297 527 838 Gross profit on a non-GAAP basis $ 66,322 $ 50,403 $ 127,252 $ 100,009 Gross margin on a GAAP basis 61 % 56 % 61 % 56 % Gross margin on a non-GAAP basis 70 % 69 % 70 % 69 % Reconciliation of GAAP loss from operations to non-GAAP loss from operations: Loss from operations on a GAAP basis $ (75,288 ) $ (79,396 ) $ (147,874 ) $ (153,489 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Loss from operations on a non-GAAP basis $ (17,160 ) $ (24,953 ) $ (33,791 ) $ (45,666 ) Reconciliation of GAAP net loss per share to non-GAAP net loss per share: Net loss on a GAAP basis $ (65,972 ) $ (69,780 ) $ (128,799 ) $ (134,138 ) Stock-based compensation expense (1) 57,038 53,169 111,721 104,049 Employer payroll tax expense related to employee stock-based compensation (2) 1,090 1,274 2,362 3,774 Net loss on a non-GAAP basis $ (7,844 ) $ (15,337 ) $ (14,716 ) $ (26,315 ) GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.52 ) $ (0.59 ) $ (1.02 ) $ (1.15 ) Non-GAAP net loss per share attributable to Class A and Class B common shareholders, basic and diluted $ (0.06 ) $ (0.13 ) $ (0.12 ) $ (0.22 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 127,870 118,656 126,434 117,125 (1) Stock-based compensation expense for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Stock-based compensation expense for loss from operations includes total stock-based compensation expense as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 7,827 $ 8,514 $ 15,521 $ 16,570 Cost of professional services 484 479 1,198 939 Sales and marketing 20,802 18,226 39,635 35,005 Research and development 17,999 16,685 36,430 33,718 General and administrative 9,926 9,265 18,937 17,817 Total stock-based compensation expense $ 57,038 $ 53,169 $ 111,721 $ 104,049 (2) Employer payroll tax expense related to employee stock-based compensation for gross profits and gross margin includes costs of subscription and cost of professional services as follows. Employer payroll tax expense related to employee stock-based compensation for loss from operations includes total employer payroll tax expense related to employee stock-based compensation as follows: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Cost of subscription $ 163 $ 282 $ 489 $ 791 Cost of professional services 8 15 38 47 Sales and marketing 450 463 922 1,468 Research and development 231 415 595 1,232 General and administrative 238 99 318 236 Total employer payroll tax expense $ 1,090 $ 1,274 $ 2,362 $ 3,774 Reconciliation of free cash flow to the GAAP measure of net cash used in operating activities: The following table below provides a reconciliation of free cash flow to the GAAP measure of net cash used in operating activities for the periods presented: Three Months Ended October 31, Six Months Ended October 31, 2024 2023 2024 2023 Net cash used in operating activities $ (38,693 ) $ (48,590 ) $ (30,651 ) $ (44,654 ) Less: Purchases of property and equipment (815 ) (5,293 ) (1,739 ) (16,631 ) Capitalized software development costs — (1,250 ) — (2,750 ) Free cash flow $ (39,508 ) $ (55,133 ) $ (32,390 ) $ (64,035 ) Net cash provided by (used in) investing activities $ 22,635 $ (11,898 ) $ (18,915 ) $ (96,698 ) Net cash provided by financing activities $ 3,512 $ 3,055 $ 3,694 $ 5,532 View source version on businesswire.com : https://www.businesswire.com/news/home/20241209723558/en/ CONTACT: Investor Contact ir@c3.aiC3 AI Public Relations Edelman Lisa Kennedy (415) 914-8336 pr@c3.ai KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ARTIFICIAL INTELLIGENCE SOURCE: C3.ai Copyright Business Wire 2024. PUB: 12/09/2024 04:05 PM/DISC: 12/09/2024 04:06 PM http://www.businesswire.com/news/home/20241209723558/en Copyright Business Wire 2024.Eagles look to clinch NFC East title while Cowboys hope to play spoilerNone
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Indianapolis Motor Speedway Museum nearing finish of $89 million upgradeGermany's foreign minister described the suspected sabotage of a Baltic Sea power cable as a "wake-up call" for the West and urged the European Union to impose new sanctions targeting what is known as Russia's " shadow fleet ." Meanwhile, a media outlet focusing on shipping news and intelligence reported that the ship suspected of damaging the cable linking Finland and Estonia on December 25 was equipped with "special transmitting and receiving devices that were used to monitor naval activity." The Eagle S "had transmitting and receiving devices installed that effectively allowed it to become a 'spy ship' for Russia," Lloyd's List reported on December 27, citing "a source familiar with the vessel who provided commercial maritime services to it as recently as seven months ago." Finland seized the Eagle S on December 26, citing suspicions that it caused an outage of the Estlink 2 undersea power cable and damaged four Internet lines. Finnish investigators said the ship may have caused the damage by dragging its anchor along the sea floor. Finnish and EU officials say the Eagle S is believed to belong to a "shadow fleet" of old, uninsured oil vessels used to bypass Western sanctions and maintain a source of revenue for Russia's economy and its war against Ukraine. The poor condition of these ships has also raised concerns about environmental disasters. "The suspected vessel is part of Russia’s shadow fleet, which threatens security and the environment , while funding Russia's war budget," the European Commission said on December 26, suggesting the incident was part of a deliberate effort to damage "critical infrastructure" in Europe. "We will propose further measures, including sanctions, to target this fleet." In comments on December 28, German Foreign Minister Annalena Baerbock urged "new European sanctions against the Russian shadow fleet," which she said is "a major threat to our environment and security" that is used by Russia "to finance its war of aggression in Ukraine." "Almost every month, ships are damaging major undersea cables in the Baltic Sea," Baerbock said in a statement to the Funke media group. "Crews are leaving anchors in the water, dragging them for kilometers along the seafloor for no apparent reason, and then losing them when pulling them up.” "It's more than difficult to still believe in coincidences," she said. "This is an urgent wake-up call for all of us." TBILISI -- Georgian President Salome Zurabishvili joined thousands of pro-West demonstrators on the streets of Tbilisi to protest the Georgian Dream-led government's moves to delay closer integration with the European Union and its perceived tilt toward Russia. The December 28 rally came at a potentially explosive time in the South Caucasus nation as Zurabishvili has vowed not to step down at the end of her term on December 29, claiming her successor -- chosen by an electoral college dominated by Georgian Dream -- was "illegitimate." Zurabishvili and demonstrators, waving Georgian and EU flags, marched along the Saarbruecken Bridge in the capital, joined by members of parliament from allied countries, including Poland and Lithuania, to form a "chain of unity." The rally marked one month since the start of the recent wave of anti-government protests, which have been met with violent police action, injuries, and mass arrests by Georgian authorities. Protesters accuse the government of the Georgian Dream party of moving the country away from the EU and closer to Moscow. The political crisis erupted after Georgian Dream claimed victory in October parliamentary elections that the Organization for Security and Cooperation in Europe (OSCE) said was marred by instances of vote-buying, double-voting, physical violence, and intimidation. The rallies intensified after a government decision last month to delay negotiations on Georgia joining the EU. On December 24, Human Rights Watch called for Georgian security forces to be investigated for the "brutal police violence" against largely peaceful protesters who have taken to the streets for the demonstrations. On December 27, the United States said it had slapped fresh sanctions on Russia-friendly billionaire Bidzina Ivanishvili, a former prime minister and the founder of the Georgian Dream party, for undermining Georgia's democracy for the "benefit of the Russian Federation." "Under Ivanishvili's leadership, Georgian Dream has advanced the interests of the Kremlin by derailing Georgia’s Euro-Atlantic trajectory -- in direct contradiction to what was envisioned by the Georgian people and the Georgian Constitution," U.S. Secretary of State Antony Blinken said. The action prompted anger from the Georgian Dream party, while the Georgian opposition hailed the action and called on the EU to also move against Ivanishvili and other Georgian leaders. Zurabishvili -- who has spilt with the government and backed the protesters early in the wave of rallies -- on December 22 called on Georgian Dream to set a date for new parliamentary elections by December 29. U.S. Republican House member Joe Wilson on December 27 wrote on X that he welcomed the new sanctions and added that he had invited Zurabishvili -- "as the only legitimate leader in Georgia" -- to Donald Trump's presidential inauguration on January 20. "I am in awe of her courage in the face of the assault by Ivanishvili and his friends" in China and Iran, Wilson added, without mentioning Russia. Earlier this month, an electoral college dominated by Georgian Dream chose Mikheil Kavelashvili, a 53-year-old former soccer player and right-wing populist, as Georgia's next president. His inauguration is supposed to take place on December 29, though the 72-year-old Zurabishvili, whose term ends this year, has said she will not step down, setting up a potentially explosive showdown. "Next week at this time, I will be president," Zurabishvili restated on December 27. Georgia received EU candidate status in December 2023, but ties with Brussels have been tense in recent months following the adoption in May of a controversial "foreign agent" law pushed through parliament by Georgian Dream, which has been in power since 2012. Afghanistan's Taliban-led government said Taliban forces targeted what it claimed were "centers and hideouts for malicious elements" it said were involved in a recent attack in Afghanistan, as an upsurge of cross-border fighting continues. The statement from the Taliban's Defense Ministry followed reports of deadly early morning clashes on December 28 between Taliban forces and Pakistani border guards. It came days after the government said Pakistani aircraft bombed targets in Afghanistan in an attack it said killed dozens of civilians. The ministry gave few details about the strikes, which it said were launched against targets in several districts behind the "hypothetical line" -- a reference to a portion of the border with Pakistan that Afghan authorities have long disputed. Local sources told RFE/RL's Radio Azadi that three people in Paktia Province were killed and two wounded by gunfire from Pakistani border guards, and that clashes also took place in the Khost province. The reports could not be independently verified. There was no immediate comment from the Pakistani government. But the head of a community in the Kurram district told RFE/RL's Radio Mashaal that Taliban forces fired rockets at two security posts near the border at about 6 a.m., setting off fighting that continued for several hours. The Taliban's Defense Ministry suggested the strikes on Pakistan were retaliation for what the Taliban-led government said were Pakistani air strikes that killed 46 civilians in Paktika Province, which also borders Pakistan, on December 24. Pakistan says that militants from the Islamist group Tehrik-e Taliban Pakistan (TTP) are hiding across the border in Afghanistan, and Islamabad has repeatedly asked the Afghan Taliban to take action against them. The Afghan Taliban say the TTP is in Pakistan. There has been a steady increase in TTP attacks in Pakistan’s northwestern Khyber Pakhtunkhwa Province since the Taliban returned to power in Kabul in August 2021 following the withdrawal of U.S.-led forces from Afghanistan. Authoritarian ruler Alyaksandr Lukashenka extended a wave of pardons ahead of a January presidential election in Belarus, ordering the release of 20 prisoners jailed on extremism charges his opponents and rights groups say were politically motivated. Lukashenka's press service suggested the pardons were issued on humanitarian grounds, saying 14 of those ordered released have chronic illnesses and 10 of them have children. It said 11 of the 20 are women. The press service claimed the prisoners had all sought pardons and expressed remorse, an assertion that could not be independently verified. It said that authorities would "monitor their behavior following their release." Since July, Lukashenka has pardoned more than 225 people whom activists consider political prisoners. Rights groups have recognized nearly 3,600 people as political prisoners since the state launched a massive crackdown when pro-democracy protests erupted after Lukashenka, in power since 1994, claimed a landslide victory in an August 2020 election that millions believe was stolen though fraud . Many of those have served out their sentences. Ahead of a January 26 election in which he is certain to be awarded a new term, Lukashenka may be seeking to signal to the West that he is easing off on the persistent clampdown that the state has imposed since the 2020 election. But the crackdown continues, with frequent arrests and trials on what activists say are politically motivated charges. At least 1,253 people whom rights groups consider political prisoners remain behind bars, and the real number is believed to be higher. Lukashenka has roped Belarus closely to Russia and has provided support for Russia's war on neighboring Ukraine, including by allowing Russian forces to invade from Belarusian territory, and he says Russian nuclear weapons have been deployed in Belarus. But over 30 years in power, he has often tried to capitalize on Belarus’ position between Russia in the east and NATO and the European Union to the west and north. Russian President Vladimir Putin has apologized over the crash of an Azerbaijan Airlines passenger plane this week, the Kremlin said, amid growing evidence that the jet was hit by a Russian air-defense missile in the Chechnya region before it went down in Kazakhstan, killing 38 of the 67 people on board. In a phone call with Azerbaijani President Ilham Aliyev, Putin said Russian air defenses were repelling an alleged Ukrainian drone attack on Chechnya’s capital, Grozny, when the plane was trying to land at the airport there, a Kremlin statement said. Putin "conveyed his apologies in connection with the fact that the tragic incident occurred in Russian airspace," the statement said, indicating that Putin acknowledged the plane was damaged over Chechnya but stopped short of stating a Russian missile strike was the cause. "In the conversation, it was noted that...the aircraft tried more than once to approach the Grozny airport for landing," it said, adding that “at this time, Ukrainian combat drones were attacking Grozny [and the nearby cities of] Mozdok and Vladikavkaz, and Russian air-defense systems were repelling these attacks." Russia's Investigative Committee has opened a criminal investigation into the possible violation of flight safety rules, the statement said. It said two Azerbaijani prosecutors were working with Russian law enforcement in Grozny and that Russian, Azerbaijani, and Kazakh authorities were working together at the crash site near Aqtau, Kazakhstan. The Kremlin statement is likely to further increase suspicions that a Russian missile damaged the Embraer-190 jet before it was diverted to Aktau, across the Caspian Sea from Chechnya, where it crashed near the shore after a steep descent and burst into flames. Evidence of a missile strike includes footage of damage inside the plane before the crash and images of the hole-pocked tail section after the crash, as well as comments from survivors who said they heard at least one explosion outside the plane over Chechnya. Azerbaijani lawmaker Hikmat Babaoghlu told RFE/RL on December 27 that there is a "very strong" possibility that the plane was damaged by a Russian air-defense missile. He said that the "observations and conclusions drawn so far support the idea that the plane being shot down is the closest to the truth." On the same day, White House spokesman John Kirby said U.S. experts "have seen some early indications that would certainly point to the possibility that this jet was brought down by Russian air-defense systems." Reuters quoted an Azerbaijani source familiar with the investigation as saying results indicated the plane was hit by a Pantsir-S air-defense system, a self-propelled antiaircraft gun and missile system designed by Russia. The crash has disrupted air traffic in the Caucasus and beyond. An Azerbaijan Airlines flight bound for the Russian spa town of Mineranlye Vody, not far from Grozny, took off from Baku on December 27 but then abruptly headed back after receiving a flight information notice that Russian airspace it was due to fly through was closed. Azerbaijan Airlines later said it is suspending flights to several Russian cities, including Mineralnye Vody, Sochi, Volgograd, Ufa, Samara, Grozny, and Makhachkala. Turkmenistan Airlines announced on December 28 that it was canceling all its flights between the capital, Ashgabat, and Moscow from December 30 to January 31, giving no reason for the decision. Turkmenistan borders Kazakhstan on the eastern shore of the Caspian. Also on December 28, Russia’s aviation authority, Rosaviatsia, said that restrictions were briefly placed on the operation of the airport in the Tatarstan regional capital, Kazan, to ensure flight safety, and media reports said that all departures and arrivals had been suspended. Flights heading to Kazan from the Siberian cities of Tomsk, Surgut, and Kemerovo were redirected to an airfield in Nizhnekamsk, Russian state news agency TASS reported, citing the airport's press service. No specific reason was given for the measures, which Rosaviatsia said had been lifted a few hours later. Russia has closed airports at times due to alleged drone attacks, and a drone attack hit high-rise buildings in Kazan on December 21. NATO has said it would bolster its presence in the Baltic Sea after undersea power lines and Internet cables were damaged by suspected sabotage believed to be carried out by vessels belonging to Russia’s so-called “ shadow fleet .” Estonia also announced on December 27 that it had begun a naval operation to guard a crucial electricity line in the Baltic Sea in coordination with allies as tensions mounted in the region. NATO Secretary-General Mark Rutte said in a social media post following discussions with Finnish President Alexander Stubb that "NATO will enhance its military presence in the Baltic Sea." Both Finland and Estonia have coastlines on the Baltic Sea. When asked for details about planned actions, NATO officials told AP that the alliance “remains vigilant and is working to provide further support, including by enhancing our military presence” in the region. "We have agreed with Estonia, and we have also communicated to NATO Secretary-General Mark Rutte, that our wish is to have a stronger NATO presence," Stubb told a news conference. Stubb added that investigators did not want to jump to conclusions, but a day earlier he had said that "it is necessary to be able to prevent the risks posed by ships belonging to the Russian 'shadow fleet.'" The "shadow fleet" is a reference to old, uninsured oil vessels typically used to bypass Western sanctions on Russia and maintain a source of revenue. European government and the United States have accused Russia of intensifying "hybrid attacks" following reports of damage to Baltic Sea communications cables, although they have not yet directly tied Moscow to the damage. NATO stepped up monitoring critical infrastructure in the Baltic following Russia's full-scale invasion of Ukraine in 2022 and the destruction of the Nord Stream natural gas pipeline seven months later. Chinese-linked ships have also been suspected of sabotaging undersea infrastructure over recent years. Sweden -- NATO's newest member, which also has a coastline on the Baltic Sea -- said its coast guard had stepped up surveillance of sea traffic and had deployed aircraft and vessels in concert with regional allies. The European Commission on December 26 said a cargo ship suspected of having deliberately damaged power and Internet cables in the Baltic Sea was part of Russia's "shadow fleet." The poor condition of these ships has also raised concerns about environmental disasters. Finnish authorities on December 26 boarded and took command of the Cook Islands-registered Eagle S oil tanker in the Baltic Sea as part of its investigation into the damages, saying it likely belong to the "shadow fleet." Investigators have said the damage could have been caused by the ship intentionally dragging its anchor. The Kremlin said it had no connection to the ship seized by Finland. It has regularly denied that it is involved in any of the many incidents involving Baltic Sea region infrastructure assets. The United States said it has slapped fresh sanctions on Russia-friendly billionaire Bidzina Ivanishvili, a former prime minister and the founder of the ruling Georgian Dream party, for undermining Georgia's democracy for the "benefit of the Russian Federation." "Under Ivanishvili's leadership, Georgian Dream has advanced the interests of the Kremlin by derailing Georgia’s Euro-Atlantic trajectory -- in direct contradiction to what was envisioned by the Georgian people and the Georgian Constitution," U.S. Secretary of State Antony Blinken said in a statement on December 27. Blinken added that "Ivanishvili and Georgian Dream's actions have eroded democratic institutions, enabled human rights abuses, and curbed the exercise of fundamental freedoms in Georgia." "We strongly condemn Georgian Dream's actions under Ivanishvili's leadership, including its ongoing and violent repression of Georgian citizens, protesters, members of the media, human rights activists, and opposition figures." The new measures will block transactions involving entities owned by Ivanishvili, the statement said. According to Bloomberg News, Ivanishvili's fortune is estimated at $7.5 billion, much of it coming through metals, banking, and telecom assets in Russia during the 1990s. Prime Minister Irakli Kobakhidze called the U.S. action "blackmail" and said it was Ivanishvili's "reward" for protecting Georgia's national interest. However, opposition leader Giorgi Vashadze of the Unity National Movement hailed the U.S. decision, according to Georgia's Interpress news agency. "I welcome this step from the United States and believe that we are quickly moving toward victory and will celebrate Georgia without Ivanishvili, who is the bringer of chaos and misery to this country," he was quoted as saying. In a previous action, the United States on December 12 said it would "prohibit visa issuance to those who are responsible for, or complicit in, undermining democracy in Georgia." That move affected some 20 people, "including individuals serving as government ministers and in parliament, law enforcement and security officials, and private citizens," it said in a statement , without naming the individuals. Georgia, once a closer U.S. ally, has angered Washington and the European Union with its perceived tilt toward Russia and its violent crackdown on dissent in the Caucasus nation. The sanctions come at a crucial time, as Georgia's fate hangs in the balance -- whether it will intensify its tilt toward Moscow, return to the pro-Europe path, or remain in an environment of unrest and uncertainty. Police in Tbilisi have clashed with pro-West protesters over the past several weeks, detaining dozens and injuring scores of people who accuse the government of the Georgian Dream party of moving the country away from the European Union and closer to Moscow. The political crisis erupted after Georgian Dream claimed victory in October parliamentary elections that the Organization for Security and Cooperation in Europe (OSCE) said was marred by instances of vote-buying, double-voting, physical violence, and intimidation. The rallies intensified after a government decision last month to delay negotiations on Georgia joining the EU. The New York-based Human Rights Watch (HRW) on December 24 called for Georgian security forces to be investigated for the “brutal police violence” against largely peaceful protesters who have taken to the streets for huge anti-government demonstrations. Georgian President Salome Zurabishvili – who has spilt with the government and backed the protesters -- on December 22 called on Georgian Dream to set a date for new parliamentary elections by December 29. "Next week at this time I will be president," Zurabishvili restated on December 27. U.S. Republican House member Joe Wilson wrote on X that he welcomed the new sanctions and added that he had invited Zurabishvili -- "as the only legitimate leader in Georgia" -- to Donald Trump's presidential inauguration on January 20 "I am in awe of her courage in the face of the assault by Ivanishvili and his friends" in China and Iran, Wilson added, without mentioning Russia. Earlier this month, an electoral college dominated by Georgian Dream chose Mikheil Kavelashvili, a 53-year-old former soccer player and right-wing populist, as Georgia's next president. His inauguration is supposed to take place on December 29, though the 72-year-old Zurabishvili, whose term ends this year, has said she will not step down, setting up a potentially explosive showdown. Georgia received EU candidate status in December 2023, but ties with Brussels have been tense in recent months following the adoption in May of a controversial "foreign agent" law pushed through parliament by Georgian Dream, which has been in power since 2012. PODGORICA -- After a multinational back-and-forth legal battle, Montenegro on December 27 said it would extradite South Korean cryptocurrency entrepreneur Hyeong Do Kwon -- the so-called Crypto King -- to the United States. Do Kwon is sought by both the United States and South Korea and also faces possible legal action in Singapore. Montenegrin courts have previously issued at least eight often-contradictory decisions regarding Do Kwon's fate. In September, the Montenegrin Supreme Court ruled that Do Kwon could be sent to either the United States or South Korea and that the final decision on which country would be up to Justice Minister Bojan Bozovic. On December 24, Do Kwon lost his final appeal against extradition with Montenegro's Constitutional Court. In the latest ruling, the Justice Ministry said the U.S. request had met the threshold for removal and, as a result Bozovic "issued a decision approving the extradition." The ministry said the criteria included the gravity of the criminal acts, the order of submission of the extradition requests, and the citizenship of the person in question. The former CEO and co-founder of the cryptocurrency company Terraform Labs is wanted by U.S. and South Korean authorities for his alleged role in capital market and securities fraud involving assets worth some $40 billion. Do Kwon was arrested with business partner Chang Joon in March 2023 at Podgorica airport while attempting to fly to Dubai using on allegedly forged passports. They each received a four-month prison sentence on the forged-passport charge. Chang, who was wanted only by South Korea, was extradited to that country on February 5. After serving his sentence, Do Kwon was sent to a shelter for foreigners near Podgorica, where he awaited extradition. Do Kwon in October claimed that the South Korean charges were illegitimate and "politically motivated." Despite the legal struggle, Do Kwon's trial in absentia took place in the United States, where a New York jury on April 5 found him and Terraform labs liable on civil fraud charges, agreeing with the U.S. Securities and Exchange Commission that they had misled investors. Terraform Labs agreed to pay about $4.5 billion in a civil settlement with the SEC following the court's ruling. Do Kwon was ordered to pay $204 million. Following the verdict, a Terraform spokesperson said, "We continue to maintain that the SEC does not have the legal authority to bring this case at all" and that the company was weighing its options. Italy’s Foreign Ministry said journalist Cecilia Sala, who was in Iran to carry out "journalistic activities," has been detained by Tehran police authorities. The ministry said in a statement on December 27 that Sala, who has a podcast called Stories that covers life in places around the world, was detained on December 19. It gave no reason for the detention, but said in a statement that the ambassador from Italy's embassy in Tehran had paid a consular visit "to verify the conditions and state of detention of Sala." "The family was informed of the results of the consular visit. Previously, Sala had the opportunity to make two phone calls with her relatives," it said. Sala posted a podcast from Tehran on December 17 about patriarchy in the Iranian capital. Iran is routinely accused of arresting dual nationals and Western citizens on false charges to use them to pressure Western countries. Earlier this month, Reza Valizadeh , a dual U.S.-Iranian citizen and former journalist for RFE/RL's Radio Farda, was handed a 10-year sentence by Tehran's Revolutionary Court on charges of "collaborating with a hostile government." Valizadeh resigned from Radio Farda in November 2022 after a decade of work. He returned to Iran in early 2024 to visit his family but was arrested on September 22. His two court sessions, held on November 20 and December 7, reportedly lacked a prosecution representative, with the judge assuming that role. Sources close to the journalist claim he fell into a "security trap" despite receiving unofficial assurances from Iranian security officials that he would not face legal troubles upon returning to Iran. Iran is among the most repressive countries in terms of freedom of the press. Reporters Without Borders ranked Iran 176th out of 180 countries in its 2024 World Press Freedom Index. The Paris-based media watchdog says Iran is now also one of the world’s biggest jailers of journalists. An Azerbaijani lawmaker said there is a "very strong" possibility that the crash of a passenger jet earlier this week was caused by Russian air-defense systems on alert for Ukrainian drone attacks. Speculation has mounted that the Azerbaijan Airlines plane, which was headed from Baku to Grozny, the capital of Russia’s Chechnya region, may have been hit by an air-defense missile before crossing the Caspian Sea and crashing near Aqtau, Kazakhstan, killing 38 passengers and crew. Lawmaker Hikmat Babaoghlu told RFE/RL's Azerbaijani Service in an interview on December 27 that such an explanation is most likely "closest to the truth." "This is only a possibility, but a very strong one, and the observations and conclusions drawn so far support the idea that the plane being shot down is the closest to the truth," he said. "In this specific case, the incident involves Azerbaijan's airliner being damaged within the territory of the Russian Federation, with the event causing the crash occurring there. Therefore, there is no doubt that responsibility falls on the Russian Federation. If these assumptions are correct, accountability also undoubtedly rests with Russia," he added. Kazakh experts arrived on December 27 to examine the crash site and black box of the ill-fated passenger jet, as speculation -- and evidence -- mounted suggesting that a Russian air-defense missile may have inadvertently struck the craft. Even as the probe intensifies, countries with victims aboard the plane -- Azerbaijan, Kazakhstan, Russia, and Kyrgyzstan -- continue to mourn their dead and treat the injured from the crash of the Embraer 190 aircraft. Since the crash, uncertainty has rocked the aviation industry throughout the Caucasus. An Azerbaijan Airlines flight bound for the Russian spa town of Mineranlye Vody took off from Baku on December 27 but then abruptly headed back after receiving a flight information notice that Russian airspace it was due to fly through was closed . Azerbaijan Airlines later said it is suspending flights to several Russian cities, including Mineralnye Vody, Sochi, Volgograd, Ufa, Samara, Grozny, and Makhachkala. Speculation has swirled around the tragedy, with some experts pointing to holes seen in the plane's tail section as a possible sign that it could have come under fire from Russian air-defense systems engaged in thwarting Ukrainian drone attacks. White House spokesman John Kirby told reporters on December 27 that the United States has seen signs suggesting that the jet could have been hit by Russian air defense systems. U.S. experts "have seen some early indications that would certainly point to the possibility that this jet was brought down by Russian air defense systems," he said. Kirby added that Washington has “offered our assistance...should they need it" to the ongoing investigation being conducted by Azerbaijan and Kazakhstan. Evidence, yet to be corroborated by authorities, includes footage from inside the plane before the crash, images of the hole-pocked tail section after the crash, a survivor's comments, and accounts indicating there was a suspected drone attack around the time the plane apparently tried to land in Grozny. Reuters quoted an Azerbaijani source familiar with the investigation as saying results indicated the plane was hit by a Pantsir-S air-defense system, a self-propelled antiaircraft gun and missile system designed by Russia. It was not immediately clear where the black box would be examined. The process can be highly technical, and not all countries have the resources to undertake such work. Gulag Aslanli, a leader of Azerbaijan's opposition Musavat party, told RFE/RL that an international commission was needed to investigate the incident. "Russia cannot be allowed there," he said. "If the black box is going to be taken to Russia and examined there, I will look at its outcome with suspicion." Officials said it typically takes about two weeks to fully assess a black box, although various conditions can alter that time frame. Commenting on unconfirmed reports that the plane may have been shot down by a missile, Kazakh Senate Speaker Maulen Ashimbaev said it was "not possible" to say what may have damaged the aircraft until the investigation is finished. "Real experts are looking at all this, and they will make their conclusions. Neither Kazakhstan, Russia, nor Azerbaijan, of course, is interested in hiding information, so it will be brought to the public," Ashimbaev said. Kremlin spokesman Dmitry Peskov made a similar comment, reiterating Moscow's previous stance on the deadly incident. "An investigation is under way, and until the conclusions of the investigation, we do not consider we have the right to make any comments and we will not do so," Peskov told reporters on December 27. Russia's Interfax news agency quoted Russian officials as saying the plane, commissioned in 2013, had passed a maintenance check in October and that the pilot had "vast experience" with more than 15,000 flying hours. Azerbaijan Airlines President Samir Rzayev also told reporters the plane had been fully serviced in October and that there was no sign of technical malfunction. But he said it was too early to determine a cause: "The plane has been found with a black box. After detailed research, all aspects will be clear." The airline suspended flights along the route of the crash pending completion of the investigation. Azerbaijan's Prosecutor-General's Office said that "all possible scenarios are being examined." As the first seven survivors arrived back in the country on December 26, Azerbaijan observed a national day of mourning. Burials of four of those who lost their lives were conducted during the day, with additional funerals expected in the coming hours and days. Officials in Baku said the wounded arrived on a special flight arranged by Azerbaijan's Emergency Affairs Ministry and that the injured, many with severe burn wounds, were accompanied by medical professionals. Ayhan Solomon, Azerbaijan’s chief consul in Aqtau, told reporters that 26 of those killed were Azerbaijani citizens. He said 16 Azerbaijani citizens survived. “Of those, 10 to 12 are in good condition and others remain critically stable,” he added. Azerbaijan Airlines' supervisory board said on December 26 that the families of those killed will be compensated with 40,000 manats ($23,460), while those injured would receive 20,000 manats ($11,730). Along with the 42 Azerbaijani citizens, those aboard Flight J2-8243 were listed as 16 Russian nationals, six from Kazakhstan, and three Kyrgyz citizens, officials said. The survivors include nine Russian citizens, who were flown to Moscow on December 26 by the Russian Emergency Situations Ministry. Three of the Russian survivors were in critical condition, according to Russian health authorities. KYIV -- Ukrainian President Volodymyr Zelenskiy said “several” North Korean soldiers – badly wounded in fighting alongside Russian forces – have died after being captured by Ukrainian troops on the battlefield and he accused Moscow of having little regard for their survival. Zelenskiy, echoing earlier remarks by U.S. officials, said soldiers sent to Russia by Pyongyang are suffering major losses in fighting in Russia's Kursk region. The Ukrainian leader accused Moscow and North Korean “enforcers” of leaving the soldiers unprotected in battle and even executing fighters to prevent them from being captured alive. He did not provide evidence to back up the claims and they could not independently be verified. The North Korean military has suffered “many losses. A great deal. And we can see that the Russian military and the North Korean enforcers have no interest in the survival of these Koreans at all,” he said in a video address on December 27. “Everything is arranged in a way that makes it impossible for us to capture the Koreans as prisoners – their own people are executing them. There are such cases. And the Russians send them into assaults with minimal protection.” He said Ukrainian soldiers had managed to take some prisoners. "But they were very seriously wounded and could not be saved.” The remarks came after South Korea’s National Intelligence Service said that a North Korean fighter had died of wounds suffered before his capture by Ukrainian special operations troops in the Kursk region. "We have confirmed through an allied intelligence agency that a North Korean soldier who was captured on the 26th died a little while ago due to serious injuries," the news release said. On December 26, the Ukrainian news outlet Militarnyi said a soldier believed to be North Korean had been captured by Ukrainian Special Operations Forces in the Kursk region. A photo of a captured soldier, who is believed to have been injured, also was previously shared on Telegram. The photo has not been independently verified. Details about the soldier's condition and status are not known. Last month Pyongyang ratified a "comprehensive strategic partnership" agreement with Russia, cementing a deal that paved the way for its soldiers to fight on Russian soil against Ukraine. Western sources estimate that 12,000 North Korean troops are in the Kursk region, parts of which are occupied by Ukrainian forces amid ongoing pitched battles. U.S. Response White House spokesman John Kirby told reporters on December 27 that North Korean forces are suffering heavy casualties on the front lines, adding that some 1,000 of their troops have been killed or wounded in the Kursk region over the past week. "It is clear that Russian and North Korean military leaders are treating these troops as expendable and ordering them on hopeless assaults against Ukrainian defenses," Kirby said. Kirby said also U.S. President Joe Biden would likely approve another package of military aid for Kyiv in the coming days as he bids to bolster Ukraine’s forces before leaving office on January 20. U.S. officials later told reporters that a new package of military assistance worth $1.25 billion is scheduled to be announced on December 30. North Korean Losses Zelenskiy on December 23 said more than 3,000 troops, or about a quarter of the North Korean special forces sent to Russia, had been killed or injured, though he couched his statement by saying the data was preliminary. South Korea’s National Intelligence Service reported on a lower figure, saying on December 19 that about 1,100 North Korean special forces have been killed or injured in Russia since entering the fray against Ukraine. On December 15, Skhemy (Schemes), an investigative unit of RFE/RL's Ukrainian Service, received photos from Ukrainian military sources purportedly showing the bodies of dead soldiers in Kursk, including what was said to be North Korean fighters. RFE/RL has not been able to independently verify the claims. Russia has not commented on the report. North Korean military support is coming at a critical time in the war. Russia is seeking to overpower an undermanned and under-resourced Ukrainian infantry and gain territory before its own manpower and resources become constrained. Russia has lost more than 600,000 soldiers in the nearly three-year war, the Pentagon said in early October. It has burned through so much war material that it is struggling to replace its artillery and missile needs amid sweeping Western sanctions. Now nearly two-thirds of the mortars and shells Russia launches at Ukraine come from North Korea, the Wall Street Journal reported , citing Andriy Kovalenko, a Ukrainian Army officer. And every third ballistic missile was made in North Korea, Ukrainian officials said. The European Commission said a cargo ship suspected of having deliberately damaged power and Internet cables in the Baltic Sea is part of Russia's so-called "shadow fleet," prompting the EU to threaten new sanctions against Moscow. "We strongly condemn any deliberate destruction of Europe’s critical infrastructure," the commission said in a statement on December 26. "The suspected vessel is part of Russia’s shadow fleet, which threatens security and the environment, while funding Russia’s war budget. We will propose further measures, including sanctions, to target this fleet," the statement added. The statement added that "in response to these incidents, we are strengthening efforts to protect undersea cables, including enhanced information exchange, new detection technologies, as well as in undersea repair capabilities, and international cooperation." The remarks come after two fiber-optic cables owned by Finnish operator Elisa linking Finland and Estonia were broken on December 25. A third link between the two countries -- owned by China's Citic -- was damaged, authorities said. An Internet cable running between Finland and Germany belonging to Finnish group Cinia was also believed to have been severed, according to officials. Investigators said the damage could have been caused by the ship intentionally dragging its anchor. Finnish authorities on December 26 boarded and took command of the Cook Islands-registered Eagle S oil tanker in the Baltic Sea as part of the investigation. The Finnish customs service said the Eagle S is believed to belong to Russia's so-called “shadow fleet” of old, uninsured oil vessels used to bypass Western sanctions and maintain a source of revenue. The poor condition of these ships has also raised concerns about environmental disasters. Finnish President Alexander Stubb also suggested the cargo has Russian links and that his country is closely monitoring the situation. "It is necessary to be able to prevent the risks posed by ships belonging to the Russian shadow fleet," Stubb wrote on X . EU foreign ministers on December 16 adopted a package of sanctions against Moscow targeting tankers transporting Russian oil as the bloc looked to curb the circumvention of previous measures aimed at hindering Kremlin's ability to wage war against Ukraine. Meanwhile, NATO chief Mark Rutte said on December 26 that the alliance is ready to help Finland and Estonia as they launch their probe into the possible "sabotage." "Spoke with [Estonian Prime Minister] Kristen Michal about reported possible sabotage of Baltic Sea cables,” he wrote on X. “NATO stands in solidarity with Allies and condemns any attacks on critical infrastructure. We are following investigations by Estonia and Finland, and we stand ready to provide further support." Russian President Vladimir Putin said on December 26 that Slovak Prime Minister Robert Fico is ready to offer a “platform” for possible peace talks between Moscow and Kyiv to end the war in Ukraine. Putin told the media Fico said during a recent meeting that "if there are any negotiations, [the Slovaks] would be happy to provide their country as a platform." Most terms suggested so far by Putin have been deemed unacceptable to Ukrainian President Volodymyr Zelenskiy. Fico is one of the few European leaders Putin has stayed friendly with since Moscow launched its full-scale invasion of Ukraine in 2022, prompting criticism of the Slovak leader by Zelenskiy and many Western leaders. To read the original story by RFE/RL's Russian Service, click here . Iranian President Masud Pezeshkian is scheduled to travel to Russia on January 17, state-controlled media in Iran and Russia reported on December 26. Quoting Iranian Ambassador to Moscow Kazem Jalali, Iran's Tasnim news agency said that “the president will visit Russia on January 17 and a cooperation agreement between the two countries will be signed during the visit." Russia and Iran both are under severe financial sanctions imposed by Western nations and have stepped up bilateral cooperation on many fronts in recent years. The West has accused Iran of providing weapons to Russia for use against Ukraine. Tehran has denied the allegations despite evidence widespread use of Iranian-made drones in the war. SARAJEVO -- Bosnia-Herzegovina’s security minister has been arrested on charges of money-laundering, abuse of office, and accepting bribes, the Balkan nation’s prosecutor’s office said. The minister, Nenad Nesic, was among seven people arrested on similar charges, the office said on December 26. The charges stem from an investigation by the Bosnian state prosecutor and the Interior Ministry of Bosnia's ethnic-Serb entity, Republika Srpska, into suspected corruption at the Roads of RS (Putevi RS) public company, where Nesic was general manager from 2016 to 2020. The company's current general manager, Milan Dakic, was also among those arrested, prosecutors said. The company did not immediately comment. Nesic, 46, has been Bosnia’s security minister since 2022. When asked by reporters about the case as he was entering an East Sarajevo police station, Nesic said only that "I continue to fight for Republika Srpska," according to Reuters. Nesic is president of the Democratic People's Alliance (DNS), which is in a coalition with Milorad Dodik's Alliance of Independent Social Democrats (SNSD). Dodik, who is president of Republika Srpska, claimed on social media that this was an "unacceptable procedure" and a "persecution of cadres" from the Bosnian government. The pro-Russia Dodik is under sanctions imposed by the United States and Britain for his efforts to undermine the Dayton agreements that ended the 1992-95 Bosnian war. He is currently facing trial himself on charges he failed to comply with the decisions of international High Representative Christian Schmidt. Ethnic Serb lawmakers this week said Dodik's trial was political and based on illegal decisions by the high representative. They claimed that the court was unconstitutional because it was set up by Schmidt and not by the Dayton agreement. Since the Dayton peace accords were put into effect, the country has consisted of a Bosniak-Croat federation and the mostly ethnic Serb Republika Srpska under a weak central government, where Nesic holds the security portfolio. Israel carried out large-scale air strikes on the main airport in Yemen’s capital, Sanaa, on December 26 as it steps up attacks on the Iranian-backed Huthi rebels in what Tehran called a “violation” of peace and security. Huthi rebels said three people were killed and 14 were injured or missing following the Israeli attacks on the airport and other sites in Yemen, including port facilities. "Fighter jets conducted intelligence-based strikes on military targets belonging to the Huthi terrorist regime on the western coast and inland Yemen," the Israel Defense Forces (IDF) said. The attacks followed recent rocket launches by the Huthi fighters against the Tel Aviv area, although little damage was reported. The Iranian Foreign Ministry condemned the Israeli strikes on Yemen, calling them "aggressions" that it claimed were "a clear violation of international peace and security." It said they represented "an undeniable crime against the heroic and noble people of Yemen," who had "not spared any effort to support the oppressed people of Palestine." The Israeli military has said air strikes in Yemen are targeting Huthi sites that have been used to receive Iranian weapons, which are then often transported to other Tehran-linked groups in the Mideast -- mainly Hamas in Gaza and Hezbollah in Lebanon. Hamas has been designated a terrorist group by the United States and the European Union, while Hezbollah has also been deemed a terrorist group by Washington. The EU blacklists its military arm but not its political wing. The U.S. State Department designated the Huthis as a terrorist group at the start of this year. Hamas and Hezbollah have been severely weakened following massive Israeli military strikes on their respective sites in Gaza and Lebanon, and most of their leaders have been killed in Israel's military response to Hamas’s October 7, 2023, attack on Israel. Israeli Prime Minister Benjamin Netanyahu said the strikes would continue against the Huthi rebels, who have also targeted shipping in the Red Sea, claiming they are in solidarity of Hamas fighters in Gaza. "We are determined to cut this branch of terrorism from the Iranian axis of evil. We will continue until the job is done," Netanyahu said in a video statement. Tedros Adhanom Ghebreyesus -- head of the World Health Organization who was at the Sanaa airport during the Israeli attack -- said he was safe but that "one of our plane's crew members was injured.” A Pakistani military court has sentenced 60 people to prison terms ranging between two and 10 years over violent protests that erupted after the arrest of former Prime Minister Imran Khan in 2023, the army’s media wing said on December 26. The defendants, who included a relative of Khan as well as two retired military officers, were sentenced in connection with attacks on military facilities. Twenty-five other people were sentenced on the same charges on December 21. They have the right to appeal the sentences, the military’s media wing said in a statement. Protests erupted across Pakistan in May 2023 when Khan was arrested during his court appearance on corruption charges that he and his supporters deny. Thousands of Khan’s supporters ransacked military facilities and stormed government buildings. Several people were killed, and dozens were injured in the unrest. At least 1,400 protesters, including leaders of Khan’s Pakistan Tehrik-e-Insaf (PTI) party were arrested following the riots. But only 105 of those detained faced military trials. PTI condemned the sentencing, and said the court had violated the defendants’ rights. The United States expressed deep concern about the sentences, while Britain said that trying civilians in military courts "lacks transparency, independent scrutiny, and undermines the right to a fair trial.” The European Union said the sentences are "inconsistent with the obligations that Pakistan has undertaken under the International Covenant on Civil and Political Rights.” Kazakh experts are due to arrive on December 27 to examine the crash site and black box of the ill-fated Azerbaijan Airlines passenger jet, as speculation – and evidence – mounted suggesting that a Russian air defense missile may have inadvertently struck the craft. Even as the probe intensifies, countries with victims aboard the plane – Azerbaijan, Kazakhstan, Russia, and Kyrgyzstan -- continue to mourn their dead and treat the injured among the 67 passengers and crew who were aboard when the Embraer 190 aircraft fell from the sky on December 25. The plane went down on a scheduled flight from the Azerbaijani capital, Baku, to Grozny in Russia's Chechnya region after it was diverted and attempted an emergency landing near the city of Aqtau in western Kazakhstan, killing 38 and injuring 29, many with severe burns suffered in the flaming crash. Speculation swirled around the tragedy, with some experts pointing to holes seen in the plane’s tail section as a possible sign that it could have come under fire from Russian air defense systems engaged in thwarting Ukrainian drone attacks. A U.S. official, speaking on condition of anonymity, told news agencies that indications suggest a Russian antiaircraft system struck the airliner, although the official provided no details. Canada expressed concerns about reports that Russian air defenses may have caused the crash. "We call on Russia to allow for an open and transparent investigation into the incident and to accept its findings," the Canadian Global Affairs office said on X. Evidence, yet to be corroborated by authorities, includes footage from inside the plane before the crash, images of the planes hole-pocked tail section after the crash, a survivor’s comments, and accounts indicating that there was a suspected drone attack around the time the plane apparently tried to land in Grozny. Reuters quoted an Azerbaijani source familiar with the investigation as saying results indicated the plane was hit by a Pantsir-S air defense system, a self-propelled antiaircraft gun and missile system designed by Russia. It was not immediately clear where the black box would be examined. The process can be highly technical, and not all countries have the resources to undertake such work. Gulag Aslanli, a leader of Azerbaijan's opposition Musavat movement, told RFE/RL that an international commission was needed to investigate the incident. "Russia cannot be allowed there," he said. "If the black box is going to be taken to Russia and examined there, I will look at its outcome with suspicion." Talgat Lastaev, Kazakhstan's vice minister of transport, told RFE/RL that experts are scheduled to arrive at the site on December 27 to assess the next steps regarding the black box. Officials said it typically takes about two weeks to fully assess a black box, although various conditions can alter that time frame. Commenting on unconfirmed reports that the plane may have been shot down by a missile, Kazakh Senate Speaker Maulen Ashimbaev said it was “not possible” to say what may have damaged the aircraft until the investigation is finished. "Real experts are looking at all this and they will make their conclusions. Neither Kazakhstan, Russia, nor Azerbaijan, of course, is interested in hiding information, it will be brought to the public," Ashimbaev said. Kremlin spokesman Dmitry Peskov made a similar comment, saying: "We need to await the end of the investigation.” It was “wrong” to speculate before the investigators gave their findings, Peskov added. Russia's Interfax news agency quoted officials as saying the plane, commissioned in 2013, had passed a maintenance check in October and that the pilot had "vast experience," with more than 15,000 flying hours. Azerbaijan Airlines President Samir Rzayev also told reporters the plane had been fully serviced in October and that there was no sign of technical malfunction. But he said it was too early to determine a cause: "The plane has been found with a black box. After detailed research, all aspects will be clear." The airline suspended flights along the route of the crash pending completion of the investigation. Azerbaijani President Ilham Aliyev also said it was too early to determine a cause but at one point had suggested bad weather could have contributed to the crash. The office of Azerbaijan’s Prosecutor General said that "all possible scenarios are being examined." As the first seven survivors arrived back in the country on December 26, Azerbaijan observed a national day of mourning. Burials of four of those who lost their lives were conducted during the day, with additional funerals expected in the coming hours and days. National flags were flown at half-mast across Azerbaijan, and signals were sounded from vehicles, ships, and trains as the nation observed a moment of silence at noon to honor the victims of the plane crash. Officials in Baku said the wounded arrived on a special flight arranged by Azerbaijan's Emergency Affairs Ministry and that the injured were accompanied by medical professionals. There was no immediate word on the condition of the injured, who were among 29 survivors from the crash, many of whom suffered severe burn wounds. Ayhan Solomon, Azerbaijan’s chief consul in Aqtau, told reporters that 26 of those killed were Azerbaijani citizens. He said initial reports indicate that 16 Azerbaijani citizens survived. “Of those, 10 to 12 are in good condition and others remain critically stable,” he added. Azerbaijan Airlines' supervisory board said on December 26 that the families of those killed will be compensated with 40,000 manats ($23,460), while those injured would receive 20,000 manats ($11,730). Along with the 42 Azerbaijani citizens, those aboard Flight J2-8243 were listed as 16 Russian nationals, six from Kazakhstan, and three Kyrgyz citizens, officials said. The survivors include nine Russian citizens, who were flown to Moscow on December 26 by the Russian Emergency Situations Ministry. Three of the Russian survivors were in critical condition, according to Russian health authorities. Kazakh Deputy Prime Minister Qanat Bozymbaev -- who is in charge of a special government commission to investigate the incident -- said many of those who died in the crash were not immediately identifiable due to massive burns suffered. Bozymbaev said the 29 survivors had injuries ranging from moderate to severe, with many also suffering from major burns. According to Kazakhstan’s Health Ministry, the injured included at least two children and 11 people had been placed in intensive care. The United States and European Union on December 25 condemned plans by ethnic-Serb leaders in Bosnia-Herzegovina to block efforts for closer European integration for the Western Balkan nation. Lawmakers in the country’s ethnic-Serb entity, Republika Srpska, late on December 24 ordered Serb representatives in state institutions to block decision-making actions and law changes needed for the country's further integration into the EU. In response, the embassies of the United States, Britain, France, Germany, and Italy, along with the EU delegation in Bosnia, in a joint statement condemned the Serb parliament's acts as "a serious threat to the country's constitutional order." "At a time when formal opening of EU accession negotiations has never been so close, a return to political blockades would have negative consequences for all citizens, a majority of whom support EU accession," the statement said. The Republika Srpska parliament announced the actions in response to the trial of regional leader Milorad Dodik, who is under U.S. and British sanctions for actions that Western governments allege are aimed at the eventual secession of Republika Srpska from Bosnia-Herzegovina. Dodik is on trial in a long-delayed, ongoing process on charges he failed to comply with the decisions of the High Representative in Bosnia. He faces up to five years in prison and a ban on participating in politics if convicted. Ethnic Serb lawmakers said Dodik's trial was political and based on illegal decisions by international High Representative Christian Schmidt. They claimed that the court was unconstitutional because it was set up by Schmidt and not by the Dayton agreement. Since the Dayton peace accords that ended the 1992-95 Bosnian War, the country has consisted of a Bosniak-Croat federation and the mostly ethnic Serb Republika Srpska under a weak central government. Dodik, who is friendly with Russian President Vladimir Putin, has often made somewhat contradictory comments about his entity's place in Bosnia. He has denied it has ever pursued a policy of secession or disputed the sovereignty and territorial integrity of Bosnia under the Dayton agreement. He has said, however, that Republika Srpska "has the right to a political fight for its status” under the Dayton accords. He has also called for the “disassociation” of Republika Srpska from Bosnia -- which Washington called “secession by another name.” PRISTINA -- A special panel in Kosovo overturned a decision by the election commission that had barred the country's largest ethnic-Serbian party from participating in upcoming elections due to its strong links with Belgrade. "The Central Election Commission (CEC) is ordered to certify the political entity Serbian List and the candidates of this political entity...for the elections for the Assembly of the Republic of Kosovo to be held on February 9, 2025," the Electoral Complaints and Appeals Panel (ECAP) said on December 25. The ruling stated that the party had fulfilled all obligations required regarding the political filings and was therefore entitled to be certified. On December 23, the CEC said when it announced its decision not to certify Serbian List that its main reason was the party's nationalistic stance and close ties to Serbia. Some commission members noted that Serbian List leader Zlatan Elek has never referred to Kosovo as independent and continues to call it Serbia's autonomous province of Kosovo. The CEC also said that Serbian List has close ties with Serbian President Aleksandar Vucic and other Serb leaders who also refuse to recognize Kosovo's independence. Serbia has close ties to Russia and has refused to join international sanctions on Moscow over its invasion of Ukraine, although Vucic has attempted to balance relations with the West and has continued to press Belgrade's desires to join the European Union. Elek on December 24 said he planned to appeal the order and said he was confident it would be overturned. The Serbian List -- which described the CEC decision as an attempt "to eliminate" it from the electoral process -- welcomed the latest ruling. The party said the CEC is now obliged to act on the PZAP decision but added it remains to be seen whether the commission will "continue to violate its own law and regulations and act on direct political pressure from the authorities in Pristina." The February parliamentary elections are expected to be a key test for Prime Minister Albin Kurti, whose party came to power in 2021 in a landslide in the Western-backed Balkan nation. Prior to the ECAP ruling, political analyst Albert Krasniqi of the Demokraci+ NGO told RFE/RL that the CEC decision is part of the preelection campaign being conducted by Kurti’s Self-Determination party (Vetevendosje). He forecast that Serbian List would appeal the decision and predicted it would be successful in getting it reversed. “All this noise will last at most four days, and I am sure that the ECAP will reverse this decision of the CEC and will oblige the CEC to certify Serbian List,” Krasniqi said. Kosovo proclaimed independence from Serbia in 2008. Belgrade still considers Kosovo a province of Serbia and has a major influence on the ethnic Serbian minority living there. Authorities declared a region-wide state of emergency in Russia's Krasnodar region, warning that oil was still washing up on the coastline following a December 15 incident involving two Volgoneft tankers carrying thousands of tons of low-quality heavy fuel oil. "Initially, according to the calculations of scientists and specialists, the bulk of fuel oil should have remained at the bottom of the Black Sea, which would allow it to be collected in water. But the weather dictates its own conditions -- the air warms up and oil products rise to the top. As a result, they are brought to our beaches," regional Governor Veniamin Kondratyev said on December 25. Dozens of kilometers of Black Sea coastline in the southern Russian region have been covered in heavy fuel after the two oil tankers were badly damaged during a storm in the Kerch Strait. To read the original story by RFE/RL's Russian Service, click here . If North Korea’s elite troops were expecting an easy campaign against Ukrainian forces entrenched in Russia’s Kursk region, they faced a harsh reality on the ground. About 1,100 North Korean special forces have been killed or injured in Russia since entering the fray against Ukraine a few weeks ago, South Korea’s National Intelligence Service reported on December 19. A general was reportedly among those killed. Ukrainian President Volodymyr Zelenskiy on December 23 put the figure even higher, at more than 3,000, or about a quarter of the North Korean special forces sent to Russia, though he couched his statement by saying the data was preliminary. RFE/RL could not confirm either of the reported numbers. North Korean leader Kim Jong Un, though, doesn’t seem to be fazed by the rapid losses. The authoritarian leader is reportedly doubling down in his support of Russian President Vladimir Putin, in exchange for critical supplies of oil, cash, and military technology. Zelenskiy said on December 23 that North Korea may send more troops and weapons to the front. The South Korean Joint Chiefs of Staff seconded that forecast, saying Pyongyang is preparing to rotate or supply additional forces to Russia. North Korean military support is coming at a critical time in the war. Russia is seeking to overpower an undermanned and under-resourced Ukrainian infantry and gain territory before its own manpower and resources become constrained. Russia has lost more than 600,000 soldiers in the nearly three-year war, the Pentagon said in early October. It has burned through so much war material that it is struggling to replace its artillery and missile needs amid sweeping Western sanctions. Now nearly two-thirds of the mortars and shells Russia launches at Ukraine come from North Korea, the Wall Street Journal reported , citing Andriy Kovalenko, a Ukrainian Army officer. And every third ballistic missile was made in North Korea, Ukrainian officials said. Pyongyang is ramping up arms production to meet Russia’s growing need, experts said. Trench Warfare Russian troops are now gaining ground in Ukraine’s east at the fastest pace since the start of the war. Kyiv carried out a surprise incursion into the Kursk region in August, seizing a swath of Russian territory in the hope of drawing enemy forces away from eastern Ukraine. That hasn’t materialized, thanks in part to the supply of North Korean troops. The arrival of the North Korean troops in Russia in October was initially seen as an act of desperation on the part of Putin, who has had to significantly bump up salaries to attract new recruits. However, The New York Times reported on December 23, citing U.S. officials, that it was North Korea who approached Russia with the offer of troops and Putin accepted. It is unclear when Kim made the offer. Putin traveled to Pyongyang to meet Kim in June. During the summit, the two leaders agreed on a strategic treaty that includes a mutual defense provision. Putin signed the treaty into law in November. The supply of troops to Russia can help Kim evade sweeping sanctions on technology and materials for military use. North Korea was hit with international sanctions after conducting its first nuclear test in 2006. Pyongyang hasn’t been engaged in a hot war in decades. Thus, its miliary brass and troops – which number more than 1 million -- have no combat experience. The deployment in Russia's war with Ukraine is a way for Kim and his military to acquire some. However, Kim’s troops are ill-prepared for the type of trench warfare with widespread use of drones and missiles they are facing in Kursk, experts say. Hyunseung Lee, a North Korean who spent 3 1/2 years with an artillery and reconnaissance battalion in the early 2000s before defecting, told RFE/RL last month that Kim’s troops "don't really train with that equipment." He said they cannot master drones and the high-tech equipment in such a short period of time. Videos circulating on social media show Ukrainian kamikaze drones striking and killing North Korean soldiers in Kursk’s snow-covered fields. Commenting on the videos in a December 19 tweet , Lee called it a “sad predictable outcome.” Modern warfare technology is not the only issue leading to large-scale deaths of North Koreans, according to the Institute for the Study of War (ISW). The Washington-based research firm said North Korean soldiers were struggling to communicate and coordinate with Russian forces due to language barriers. Perhaps more importantly, North Koreans are now conducting the initial attack in open territory on Ukrainian positions, ISW said. Some military experts cynically call such fighting tactics “meat assaults” because they result in a large loss of life among the attackers. Yevhen Yerin, a spokesman for the Ukrainian military intelligence service, told the AFP news agency on December 24 that Russia’s use of North Korean troops has not had a major impact on the battlefield. “It is not such a significant number of personnel," he said, adding that they use tactics that are "primitive, linked, frankly speaking, more to the times of the Second World War."
With each team coming off a come-from-behind win, West Virginia and North Carolina Central square off Tuesday night in Morgantown, W.Va. West Virginia (6-2) has won two straight games and is in the midst of a 16-day, four-game homestand that kicked off with a 73-60 win over Georgetown in the Big 12-Big East Battle on Friday night. North Carolina Central (4-7) comes off a 78-77 road win over Gardner-Webb on Saturday night. Javon Small led the Mountaineers with a game-high 26 points against Georgetown as they overcame a second-half deficit with a decisive run. "The way we played in the second half (against Georgetown), I'll take that team everywhere," West Virginia coach Darian DeVries said. "You have to be able to do that every single night, every single possession you don't always get to go on a 16-0 run to pull you out of it. That's where we are still growing as a team." Eduardo Andre was questionable for the Georgetown game after he missed the Mountaineers' 83-76 overtime win against Arizona on Nov. 29. But the fifth-year senior center returned with four points, three rebounds and four blocks. "It was good to have him back in the lineup for a reason," DeVries said. "That presence, especially defensively and the ability to block shots, that's a huge deal for us." Against Gardner-Webb, Po'Boigh King led NCCU with 28 points, well above his 17.4 points per game average, as the Eagles rallied from a 17-point second-half deficit to win on a late 3-pointer from Isaac Parson. On offense, the Eagles take care of the ball. They are seventh in the nation in turnover margin at plus-7.5 per game. They seek extra possessions on defense and are second nationally with 18.9 turnovers forced per game "We're good enough, we just need to fine tune some things," NCCU coach LeVelle Moton said. "We've got to cross some T's, dot some I's and close. We can't be a really good basketball team until we get the mindset that when winning time presents itself in the last five minutes, (the other team) has to earn it." --Field Level Media
Reforms should be left to an elected govtAUSTIN, Texas (AP) — Junior Kyla Oldacre matched her career best with 21 points on near perfect shooting, and No. 5 Texas routed Texas Rio Grande Valley 94-35 on Sunday. Oldacre, a 6-foot-6 backup center, converted all six of her field goal attempts and 9 of 10 free throws. She also had seven rebounds and three of the Longhorns' 21 steals. Madison Booker had 14 points, seven rebounds, seven assists and three steals for Texas (13-1). Starting center Taylor Jones had 11 points, nine rebounds and three blocks. Kade Hackerott led Texas Rio Grande Valley (6-7) with seven points. The Vaqueros shot 27% from the field and committed 37 turnovers. Texas converted the turnovers into 47 points. Texas Rio Grande Valley: The Vaqueros average 16 turnovers a game but matched that by midway through the second quarter. They committed 13 while falling behind 24-5 after the first quarter. Texas: Aaliyah Moore's physical health is something to watch. Moore, a starting power forward, missed her first game this season on Sunday while resting because of tendinitis in her right knee. Moore played with that condition last season but it has been a struggle for her. Texas has only two centers and two power forwards on its roster. After Texas Rio Grande Valley sliced a 19-point deficit to 10 with less than four minutes remaining in the second quarter, Texas finished the half with a 13-1 push, eight from Oldacre, during the final 2:36. The Longhorns outscored the Vaqueros 54-12 in the paint and it could have been worse. The Longhorns missed 12 layups. Texas Rio Grande Valley is at Southeastern Louisiana on Thursday, and Texas is at No. 9 Oklahoma on Thursday. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketballWhile most investors around the world are scrambling to ditch coal plants like bad habits, a defiant European billionaire is still pushing all his chips in for this technology - scooping up these assets in a brazen move to cement coal’s place in the energy mix for many more decades to come. Czech billionaire Pavel Tykac, who owns Sev.en Global Investments, is on globe-trotting coal acquisition expedition - snapping up these power plants like rare collectibles. His reported latest conquest? A two-unit coal plant in Vietnam, but he’s not stopping there—his sights are still set on expanding his coal empire across Asia, Australia, and the United States, eyeing everything from coal mines to coal-fed plants. Sources in the coal industry suggest that Tykac’s buying spree is fueled by a fire-sale frenzy sweeping through energy markets, as many companies and even some countries are eager to flaunt their ESG credentials and have been seriously embracing energy transition goals, hence, they tend to unload coal plants even at bargain basement prices. The Czech business magnate started his pursuit to extend coal’s reign in his own country -- seizing both a coal mine and a power station, then he expanded his venture in other European energy markets. Coal’s defiance of the energy transition Whether at the negotiation chambers of the United Nations-led climate change diplomacy or at the power-laden policy tables of energy markets, the burning question persists: will coal be finally cast aside in the evolving energy mix, or does its grip on the future remain unyielding? And this very question echoes at home - that despite Philippine policymakers’ fervent drive to propel renewable energy (RE) investments on a massive scale - a relentless tug-of-war still rages between ambitious green goals and the deep-rooted reliance on fossil fuels to still power the nation’s economic growth. The Department of Energy (DOE) has steadfastly declared that: despite the 2020 coal moratorium, projects already in the pipeline—or those with permits and pre-development milestones—will continue to underpin the nation’s energy capacity, a harsh necessity in the face of a glaring baseload supply deficit that demands immediate action. Clashing voices reverberate: staunch anti-coal environmentalists and advocacy groups ferociously condemn the government for greenlighting new coal plants, while pro-coal investors argue that developing nations like the Philippines deserve a slower, more measured energy transition – all that while pointing fingers at industrialized nations for the lion's share of the climate crisis now jeopardizing the planet. For now, at least three major players have thrown their hats into the ring, unveiling plans for additional coal plant developments: the Aboitiz group’s 150-megawatt Therma Visayas expansion in Cebu, Meralco PowerGen’s massive 1,200MW Atimonan planned coal facility in Quezon, and Semirara Mining and Power Corp's targeted move to resurrect its 700MW Saint Raphael project in Batangas. In bold strokes, several of the country’s leading banks - chief among them RCBC of the Yuchengco group and Ayala-led BPI - have unflinchingly declared that they will no longer finance new coal plants, though they’ve tempered this commitment by acknowledging that existing coal projects, those funded before the shift and already on their books, will continue to be part of their loan portfolios. Other banks, however, have taken ‘more conservative stance’ on coal project financing, leaving the field still open, thus, it is interesting to see which financial giants will blink first to reinforce the gamble for the continued installation of new coal plants in the country despite the growing pressure for change. It’s also a guessing game whether the DOE’s coal retirement plan will be taken seriously under the current administration, or if the government will hold on to every last megawatt of existing coal capacity to stave off tight supply predicaments - particularly for the overburdened grids of Luzon and Visayas. Suffice it to say that the domestic energy market has morphed into an unforgiving mystery puzzle—packed with more questions than answers about coal's future, as this well-entrenched tech is now fighting tooth and nail for its reign while it locks horns with the country's ambitious green energy transformation. For over two decades, the Philippines has been caught in an endless loop of threatening power crisis—that was since the deregulation and restructuring of its power sector in 2001 by virtue of the Electric Power Industry Reform Act (EPIRA). Then each time, the default solution has been coal plants as project sponsor-firms claim that this technology remains the cheaper, albeit not a cleaner option, if compared to gas-fired plants that could promise lower carbon emissions. In the grand scheme, it’ll be intriguing to see if the future will prove that Czech billionaire Tykac’s play on stretching coal plant lifecycles will persist as a defining force in global energy mix— that in addition to his coal asset acquisitions fattening his bank account, the energy transition might still be clinging to coal like a stubborn old friend, powering economies long after it was supposed to have left the party. For feedback and suggestions, please email at: [email protected]NBA star Luka Doncic's house was burglarized. It was the latest in a string of break-ins targeting pro athletes.