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New Orleans attack suspect acted alone, supported Islamic State, FBI states
A U.S. Army veteran who drove a truck into a crowd of New Year's Day revelers had vowed allegiance to Islamic State, but acted alone in the attack that eliminated at least 14 people, the FBI stated on Thursday. The suspect, who was shot dead at the scene after firing at authorities, has been recognized as Shamsud-Din Jabbar, a 42-year-old Texan who once served in Afghanistan. He drove from Houston to New Orleans on Dec. 31, and published five videos on Facebook between 1.29 a.m. and 3.02 a.m. on the early morning of the attack in which he said he supported IS, the Islamic militant group with fighters in Iraq and Syria, the FBI stated. In the very first video, Jabbar explains he had formerly planned to hurt his friends and family, but was concerned that the media protection would not focus on the war in between the believers and the disbelievers, FBI Deputy Assistant Director Christopher Raia said at a press conference. Jabbar also stated in the videos that he had actually joined IS before last summer season and offered his last will and testament, Raia stated. This was an act of terrorism, Raia said. It was premeditated and an evil act. New Orleans authorities stated the Sugar Bowl college football video game that had been scheduled for Wednesday in a New Year's Day tradition would happen on Thursday afternoon. The city will also host the National Football League's Super Bowl next month. The FBI stated there seemed no link in between the attack in New Orleans and the episode in Las Vegas on the exact same day in which a Tesla Cybertruck loaded with gas cylinders and large firework mortars exploded in flames outside the Trump International Hotel in Las Vegas, simply weeks before President-elect Donald Trump goes back to the White House on Jan. 20. The hurt victims in the New Orleans attack included two policeman injured by gunfire from the suspect, taking location a simple 3 hours into the new year on Bourbon Street in the historical French Quarter. At least 15 individuals were killed, consisting of the suspect, the FBI said. Among the victims were the mom of a 4-year-old who had simply moved into a new home after getting a promotion at work, a. New York monetary employee and accomplished student-athlete who. was checking out home for the vacations, and an 18-year-old striving. nurse from Mississippi. Witnesses described a horrifying scene. There were individuals everywhere, Kimberly Strickland of. Mobile, Alabama, said in an interview. You just heard this. squeal and the rev of the engine and this huge loud impact and. then the people screaming and particles - simply metal - the sound of. crunching metal and bodies. Meanwhile, authorities in other U.S. cities stated they had. boosted security, including at Trump Tower and Times Square in. New York City City, including that there were no immediate dangers. In Washington, cops likewise stated they had actually increased their. presence as the capital prepares to host 3 major events this. month: Congress' Jan. 6 certification of U.S. President-elect. Donald Trump's governmental election win, the Jan. 9 state. funeral service for previous President Jimmy Carter, and Trump's Jan. 20. inauguration. ISLAMIC STATE FLAG. The FBI said an IS flag was discovered on the trailer drawback of the. leased car involved in the New Orleans attack. U.S. President Joe Biden condemned what he called a. despicable act. Public records showed Jabbar worked in property in. Houston. In a promotional video posted four years ago, Jabbar. explained himself as born and raised in Beaumont, a city about. 80 miles (130 km) east of Houston. Jabbar remained in the regular Army from March 2007 up until. January 2015 and after that in the Army Reserve from January 2015. until July 2020, an Army spokesperson stated. He released to. Afghanistan from February 2009 to January 2010 and held the rank. of personnel sergeant at the end of service. IS is a Muslim militant group that once imposed a reign of. terror over millions of individuals in Iraq and Syria until it. collapsed following a sustained military project by a U.S.-led. coalition. Even as it has actually been deteriorated in the field, IS has actually continued to. hire sympathizers online, experts state.
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Polish power-grid operator plans $15.4-billion investment by 2034
Polish powergrid operator PSE said on Thursday its transmission network development plan for 20252034 presumes financial investment of over 64 billion zlotys ($ 15.40. billion) by 2034. 4,700 km of brand-new 400 kV lines, 28 new and 110 modernized. stations and a land direct current (DC) line - these are the. pillars of the investment plans of PSE up until 2034, it stated in a. statement. PSE included the strategy's implementation would enable a. significant increase in capacity for brand-new renewable resource. sources. It will permit, to name a few things, to deliver up to. roughly 18 GW of power from overseas wind farms,. approximately 45 GW from photovoltaic power plants and over 19. GW from wind farms, it stated. Together with the production potential of other kinds of. renewable resource sources, this implies the possibility of. producing approximately 160 TWh of renewable resource each year in. a 10-year horizon. The plan's execution will likewise allow for the connection. of a prepared nuclear power plant in northern Poland and the. commissioning of little atomic power plants, PSE said.
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United States East Coast dockworkers, employer group to reboot talks next week
The International Longshoremen's. Association and the United States Maritime Alliance (USMX) are. set to resume agreement talks on Jan. 7, according to an individual. acquainted with the matter. Talks between the ILA, which represents more than 45,000. dockworkers across the U.S. East and Gulf coast ports, and the. employer group are at a deadlock over issues connected to. automation at port terminals. Both celebrations signed a tentative handle October, which offered. workers a 62% wage hike over six years, to end a three-day. strike however left issues associated with automation unresolved. Another coast-wide strike at U.S. East and Gulf coast ports. looms large if a contract is not reached before Jan. 15, which. will not only halt billions in trade however also raise inflationary. pressures and threaten existing supply chains. USMX had previously stated the innovation at concern does not harm. longshore work, and included such modernization was needed. to keep U.S. ports competitive.
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Finland power grid operator asks court to take tanker over cable damage
Finland's national power grid operator stated on Thursday it had actually asked a Helsinki court to take the Eagle S oil tanker in a bid to secure the company's. claim for damages associated with the breakdown of the undersea. Estlink 2 electricity interconnector. The cable in between Finland and Estonia was damaged on Dec. 25. together with 4 telecoms lines, and Finnish authorities the next. day boarded the tanker, which carries Russian oil, on suspicion. that it triggered the damage by dragging its anchor along the. seabed. Baltic Sea nations are on high alert after a string of. outages of power cable televisions, telecom links and gas pipelines considering that. Russia got into Ukraine in 2022. NATO stated last week it would. boost its existence in the area. Fingrid stated in a statement on Thursday it had actually asked the. Helsinki District Court to formally take the Eagle S to help. protect its financial claim. Additional investigations at the damage site are anticipated to. supply more details about the level of the damages and. allow more in-depth preparation and scheduling of the repair,. Fingrid stated. The company stated recently it anticipated the cable television to come. back into service in August this year. A legal representative representing United Arab Emirates-based Caravella. LLC FZ, which owns the ship, did not immediately react to a. ask for comment. The owner has formerly asked that Finnish. authorities release the vessel. Finland's customizeds service has said it thinks the Eagle S. becomes part of a shadow fleet of tankers utilized to prevent. sanctions on Russian oil, and has actually officially taken its cargo. although the freight is still on board the ship. Moscow has stated Finland's seizure of the ship is not a matter for Russia.
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Record number of activist financiers joined investor disobedience in 2024
A record number of activist investors installed campaigns at international companies in 2024, a. Barclays report revealed on Thursday, as their pressure techniques. produced strong returns, and more development is likely this year. Looking back to 2024, it feels nearly as if there was a. shareholder revolt, said Jim Rossman, global head of. shareholder advisory at Barclays. In 2024, 160 investors such as hedge funds pushed companies. to make moves like improving technique and operations or firing. presidents, consisting of 45 who deployed the method for the. first time, Barclays stated. That's up more than 18% from 135 investors in 2023, which. included 31 very first timers. The number of campaigns released last. year, 243, exceeded 229 in 2023 but was slightly listed below the. record of 249 in 2018. Looking ahead to 2025, bankers, lawyers and experts believe. more business will face investor attacks as last year's. returns and expectations for ongoing equity market strength. embolden financiers. Financiers are no longer willing to sit and wait on. guaranteed enhancements and are saying, 'We desire the companies. where we are invested to change right now,' Rossman said. While performance figures for 2024 are not yet available,. investors said numerous high-profile companies had returns. approaching 30% last year. The S&P 500 increased a bit more than 23%. over the exact same period. High-profile campaigns introduced in 2024 by longtime. activists included Trian Fund Management at entertainment giant. Walt Disney and Elliott Investment Management at coffee. chain Starbucks and Southwest Airlines. But newcomers also bent their muscles, installing their. first projects. These consisted of Ananym Capital Management at Henry Schein. , Daventry Group at Kinaxis and Firstlight. Management at Sotera Health. Investors likewise continued a shift seen in the last three. years toward focusing on functional and strategic enhancements. over mergers and acquisitions, the information revealed. More than one quarter, or 26%, of all campaign needs. fixated technique and operations, up from 19% in 2021. Only 22% of campaigns in 2024 requested for M&A relocations like. divesting organization units or offering a business. In 2021 when. international offer volume struck a high, 43% of activists' demands focused. on M&A. Bankers and attorneys anticipated campaigns that could result in. divestment will pick up this year under the Trump. administration, which they believe will be less most likely to raise. barriers to deals than its predecessor. In 2024, activists more than ever took objective at chief. executives. A record 27 were replaced, up from 24 in 2023 and. the four-year average of 16, the Barclays information showed. Kohl's, which has been under activist pressure for. years, revealed a CEO departure in November as newbie Vision. One Management Partners exerted pressure. Activist projects that caused new CEOs also consisted of. Glenwood Capital Management at CVS Health. Train. Norfolk Southern fired its CEO for violating company. policies months after activist Ancora Holdings won board seats. CEOs at Starbucks, SmartRent and Wolfspeed. announced their departures as activist investors circled. Activist investors are holding business and boards. accountable which consists of often no longer permitting the. CEO to guide the ship, Barclays' Rossman said. Nearly half of all international projects occurred in the United. States with 115 launched, marking a 6% increase from 2023, the. information discovered. However U.S. funds, including Elliott, Sachem Head. Capital Management and Trian, likewise discovered chances abroad. While activity in Europe slowed, it grew in the Asia. Pacific area, especially in Japan, South Korea and Australia,. with campaigns at Tokyo Gas and Nippon Steel. The number of new global projects jumped 67% from the 3rd. to the fourth quarter in 2024, the data showed, suggesting a. development pattern heading into 2025.
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Oil spill in Black Sea smaller sized than very first idea, Russia states
Russian investigators have figured out that an oil spill from 2 tankers in the Black Sea last month was smaller sized than initially believed, the Transportation Ministry stated on Thursday. The oil leaked from two ageing tankers that were hit by a. storm on Dec. 15. One sank and the other ran aground. More than 10,000 individuals have actually been working to shovel up. viscous, foul-smelling fuel oil from sandy beaches in and around. Anapa, a popular summer resort. Environmental groups have. reported deaths of dolphins, cetaceans and sea birds. The ministry said experts had actually established that approximately. 2,400 metric tons of oil products had spilled into the sea. This is considerably less than the preliminary estimate, which. was based on the account of among the tanker captains, it. said. When the disaster struck, state media reported that the. stricken tankers, both more than 50 years old, were bring. some 9,200 metric heaps (62,000 barrels) of oil products in. total. The ministry said the spill included heavy M100-grade fuel. oil that solidifies at a temperature level of 25 degrees Celsius and,. unlike other oil items, does not drift to the surface area but. sinks to the bottom or stays suspended in the water column. There are no tested technologies worldwide to eliminate it. from the water column. For that reason, the main approach is collection. from the coastline, the ministry said.
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FBI tries to find any link between Tesla explosion and New Orleans attack
The FBI is investigating whether there is any connection in between the surge of a Tesla Cybertruck outside the Trump International Hotel Las Vegas and a. New Orleans truck attack that eliminated 15 individuals on New Year's. Day, authorities stated. Gasoline containers and large firework mortars were loaded. into the Cybertruck that break into flames shortly after a. driver deliberately drove a pickup into crowds. celebrating the brand-new year in the French Quarter of New Orleans,. according to officials. The sole resident of the truck was found dead inside and. 7 individuals sustained minor injuries, the Las Vegas. Metropolitan Cops Department stated in a declaration. The FBI has recognized the individual driving the automobile however was. not all set to launch that details, FBI special representative in. charge Jeremy Schwartz informed reporters on Wednesday. The FBI did not return an ask for more info on. Thursday. The occurrence happened simply hours after a man drove a truck into. crowds of New Year's Day revelers in New Orleans, eliminating 15. Officials have not established a link between the events. Videos taken by witnesses inside and outside the Las Vegas. hotel showed the car blowing up and flames pouring out of it,. as it sat outside the hotel at around 8:40 a.m. local time (1640. GMT) Wednesday. A Trump representative did not return a request for comment. Thursday on the Cybertruck occurrence. Eric Trump applauded Las. Vegas fire and law enforcement officials on Wednesday for their. quick action on the surge. ' GREAT DEALS OF QUESTIONS'. The Trump International Hotel in Las Vegas belongs to the Trump. Company, the company of President-elect Donald Trump, who. will return to the White House on Jan. 20. Tesla CEO. Elon Musk was a key backer of Trump in his 2024 governmental. project and is also an adviser to the inbound president. Undoubtedly a Cybertruck, the Trump hotel - there's lots of. concerns that we have to answer, Las Vegas Metropolitan Authorities. Department Sheriff Kevin McMahill said at a news conference. Police stated the truck was leased in Colorado, showed up in Las. Vegas at around 7:30 a.m. and drove through the city's famous. Strip, lined with hotels, casinos and home entertainment locations,. until it reached the hotel, where it dropped in the valet area. Investigators discovered gas containers and large firework. mortars in the bed of the truck, a cops declaration stated. Schwartz, the FBI unique representative in charge, stated it was not. yet clear whether the blast was an act of terrorism. Musk stated the blast was unassociated to the 2024 model-year. Cybertruck itself. We have actually now confirmed that the explosion was brought on by really. large fireworks and/or a bomb carried in the bed of the leased. Cybertruck and is unrelated to the car itself, Musk stated in. a post on X. All lorry telemetry was positive at the time of. the surge. Telemetry involves the automated collection of information from. remote sources, transmitting it back to a main source so it. can later on be examined. Both the Cybertruck and the lorry utilized in the New Orleans. attack had been leased through car-sharing service Turo,. McMahill stated. A Turo spokesperson said the company did not think either. of the renters of the cars involved in the Las Vegas and New. Orleans attacks had a criminal background that would have. recognized them as a security danger. The Trump Hotel was left after the occurrence and most of. the visitors were transferred to another hotel.
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About 50,000 tons of Ivorian cocoa smuggled to Guinea in Oct-Dec
Cocoa smuggling from Ivory Coast to Guinea is taking on stressing percentages, exporters informed Reuters, approximating that some 50,000 metric lots worth about $573 million at current international prices were unlawfully transferred between October and December. A more than doubling of cocoa rates in 2015 has actually provided an additional incentive to smugglers. Sources informed Reuters that Ivorian cocoa smuggled throughout the border deserved 5,000 CFA francs ($ 7.95) per kilogram, while Ivory Coast's fixed rate paid to cocoa farmers was set at 1,800 CFA francs per kg in September. Once in Guinea, Ivorian cocoa is exported to Asian nations such as Indonesia and Malaysia, exporters state. Due to the fact that of corruption, cocoa smuggling is speeding up and we risk not having the volumes we require to fulfil our contracts, said the director of a European export business based in Ivory Coast's industrial capital Abidjan. Our suppliers choose smuggling, which is much more rewarding, and I understand them, stated the head of another Abidjan-based export business. Exporters based in Ivory Coast said that around 8,500 loads of Ivorian cocoa crossed the verge on Dec. 24. Cocoa rates struck a record $12,931 per metric load in New York City in December on projections for bad crops for a 4th succeeding season from top producers Ivory Coast and Ghana. The Ivorian government revealed more actions in October focused on discouraging smugglers, including surrendering the earnings of any offenses, withdrawing passports and suspending driving licences. A source at sector regulator the Coffee and Cocoa Council ( CCC) stated the country was looking at more ways to deal with smuggling.
Hubbell raises yearly profit forecast on strong need for power grid devices
Electrical equipment maker Hubbell on Thursday raised its 2024 adjusted revenue forecast anticipating strong demand for its gadgets utilized in power grids.
The Connecticut-based business now anticipates full-year changed earnings to be between $16.35 and $16.55 per share, above its earlier expectations of in between $16.20 and $16.50 per share.
Hubbell has actually taken advantage of the ongoing U.S. power grid upgrades, which has improved demand for its products such as insulators and arresters that help prevent outages and safeguard transmission lines from lightning strikes.
The U.S. federal government has actually been working to overhaul the country's electric transmission system, which is under pressure from severe weather conditions and a growing variety of power-hungry data centers.
In the 3rd quarter, Hubbell's sales from the utility sector, which made up 61% of its overall revenue in 2023, increased 11% from a year earlier.
Performance in the quarter was led by strength in data center and renewables verticals, Hubbell CEO Gerben Bakker stated.
However, sales in the electrical segment, that makes electrical wiring and light, were down about 5%.
Hubbell reported an adjusted profit of $4.49 per share for the quarter, compared with experts' average quotes of $4.45. per share, according to information put together by LSEG.
Its income rose about 5% to $1.44 billion, compared with. estimates of $1.48 billion.
(source: Reuters)