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TEVCA launches as the first of its kind "Voice of Private Capital and Startups" in the Turkic & Eurasian region 11-26-2024 11:32 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire In September 2024, an important and exciting new development in the region's innovation ecosystem took place with the official launch event of the Turkic & Eurasian Venture Capital & Private Equity Association (TEVCA) [ https://tevca.org/ ]. This was followed by another meeting on Thursday 10th October 2024 during the "InMerge Innovation Summit" in Baku. TEVCA seeks to be the "Voice of Private Capital and Startups" in the region, serving the entrepreneurial and investment community. Co-founding members from across the region include SABAH.fund and Caucasus Ventures (representing Azerbaijan), 500 Global In Eurasia (representing Georgia), MOST Ventures and White Hill Capital (representing Kazakhstan), Accelerate Prosperity and AdVentures (representing Kyrgyzstan), Exponential Zaisan Partners and KITE Mongolia (representing Mongolia), 212 and The New Rising (representing Turkiye), Sturgeon Capital (pan-regional but HQ-ed in the UK), AloqaVentures and UzVc (representing Uzbekistan), as well as IT Parks from across the region. TEVCA is designed to act as a forum for knowledge exchange, networking, policy advocacy, and sustainable best practices across ecosystems that make up the strategic 'Silk Road' between East and West. The core pillars that TEVCA focuses on are community networking, ideas, deal flow exchange, policy recommendations and advocacy, and education, training, and enhancement. Image: https://www.abnewswire.com/uploads/5eade2c29cd762a969eec90dd0766b37.jpg The main goal for TEVCA is to be a strategic umbrella supporting venture capital and private equity by identifying challenges, developing solutions to improve the innovation landscape, raising awareness, and making the region one of the world's most competitive and attractive investment and business-building destinations. As a platform for the regular exchange of experiences and ideas among the venture community, the Association serves as both a unified voice of the regional investment community and an advocate for venture-backed companies, as well as corporates and other key players. The event presented the mission and vision of TEVCA, as well as its benefits for the region, and was opened by Abbas Kazmi and Rahim Bayramli, Co-Founding Partners at SABAH.fund, the architects behind the Association and this session. This was followed by contributions from Robin Butler, Partner at Sturgeon Capital, Alim Khamitov, Managing Partner at MOST Ventures, Gunce Onur, General Partner at The New Rising, Pedro Vieira, Partner at 500 Global in Eurasia, Ali Karabey, Founding Partner at 212, Bolormaa Luvsandorj, Founder at KITE Mongolia, Nihat Majidov, Director-General at the High Technologies Park in Baku, Aijan Alisherova, TA Lead at Accelerate Prosperity, Aslan Sultanov, Founding Partner at White Hill Capital, and Zaynab Atabaeva, Chief Manager at IT PARK Uzbekistan. Yasin Jalilov, Deputy Executive Director of the Azerbaijan Investment Company, also joined the event and spoke about his interest in the Association and its exciting potential. Image: https://www.abnewswire.com/uploads/2991db6d3c59000234d95fa11fc7bf98.jpg Participants highlighted the importance of more collaboration to drive positive change in the region's innovation sphere, venture capital, and startup ecosystems. Particular attention was paid to the potential for co-investment and joint exchange of deal flow, which will benefit both startups and investors. The importance of ESG and aligning with the latest global standards was also discussed, especially in the run-up to "COP29", where sustainability and environmental issues will take center stage. A significant part was the discussion of a proposal to create a regional Fund of Funds across countries that make up the region, which will increase the amount of available funding in the ecosystem and support VCs and startups. The discussion highlighted the critical role of regional cooperation-particularly through TEVCA-in expanding access to capital, bridging funding gaps, and supporting startups as they scale in global markets. TEVCA is determined to place the region as one of the top-performing markets globally for venture capital, private equity, and startups, transforming its economies and societies through innovative technologies, and developing human capital, boosting job creation, and driving growth. Image: https://www.abnewswire.com/uploads/b400493cc70ac923b8ce3a311d8c690e.jpg The post TEVCA launches as the first of its kind "Voice of Private Capital and Startups" in the Turkic & Eurasian region [ https://mediamark.digital/tevca-launches-as-the-first-of-its-kind-voice-of-private-capital-and-startups-in-the-turkic-eurasian-region/ ] first appearance. Media Contact Company Name: Tevca Contact Person: Mark David Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=tevca-launches-as-the-first-of-its-kind-voice-of-private-capital-and-startups-in-the-turkic-eurasian-region ] City: New York Country: United States Website: https://tevca.org/Address This release was published on openPR.Denver (9-6) at Cincinnati (7-8) Saturday, 4:30 p.m. EST, NFL Network BetMGM NFL Odds: Bengals by 3. Against the spread: Broncos 11-4, Bengals 9-6. Series record: Broncos lead 22-11. Last meeting: Bengals beat Broncos 15-10 on Dec. 19, 2021, at Denver. Last week: Chargers beat Broncos 34-27; Bengals beat Browns 24-6. Broncos offense: overall (22), rush (19), pass (22), scoring (10). Broncos defense: overall (9), rush (5), pass (18), scoring (4). Bengals offense: overall (10), rush (29), pass (1), scoring (6). Bengals defense: overall (28), rush (21), pass (26), scoring (28). Turnover differential: Broncos plus-6, Bengals: plus-4. Broncos player to watch CB Riley Moss. The second-year pro is returning from a sprained MCL that sidelined him for a month. Denver’s defense wasn’t the same without Moss, who has 71 tackles, eight pass breakups and an interception in his first season as a starter opposite Patrick Surtain. With him back, the Broncos could return to their favored man coverage after their zone coverage was exploited by the Browns, Colts and Chargers. Bengals player to watch QB Joe Burrow is having perhaps the best season of his career. He passed for 252 yards and three TDs last week against the Browns and is among the NFL leaders in most passing categories. Burrow has thrown at least three TD passes in each of his past seven games. Key matchup Bengals passing game against the Broncos secondary. Ja’Marr Chase and Tee Higgins combined for 14 receptions for 155 yards and two touchdowns against the Browns last Sunday. After Week 16, Chase led the NFL leaders in receptions, yards and touchdowns. The Broncos passing defense is ranked eighth in the NFL. Surtain has allowed 234 receiving yards this season, the fewest allowed by a cornerback in a season through 16 games since at least 2018. Key injuries The Broncos are as healthy as they’ve been all season. The only player who was limited at practice this week was RB Jaleel McLaughlin (thigh), but he was a full participant by Wednesday. Bengals: DE Sam Hubbard (knee) and DT Sheldon Rankins (illness) are out for Saturday. WR Tee Higgins (ankle/knee), DT Amarius Mims (ankle) and S Geno Stone (illness) are questionable. TE Tanner Hudson (knee) is doubtful. Series notes The teams have traded wins in their past four meetings since 2016. ... The Broncos’ longest win streak was eight from 1983 to 1998. ... The Bengals have managed to win two in a row in the series just twice in 1971 and ‘72; and 1975 and ‘76. The largest margin of victory was a 45-14 win by Denver in 1991. Stats and stuff Denver QB Bo Nix is three touchdown throws shy of becoming the fifth rookie in NFL history to throw for 3,000 yards and 25 touchdowns his rookie season. The others: Peyton Manning, Russell Wilson, Baker Mayfield and Justin Herbert. ... WR Courtland Sutton needs 72 yards to reach 1,000 for just the second time in his career (2019). ... The Broncos have scored 166 points in their past five games, their most in a five-game span since 2014. ... Zach Allen’s 26 quarterback hits are the most by an interior defensive lineman in the NFL this season. His 67 QB pressures are the second most by an interior DL, behind only the Chiefs’ Chris Jones (74). ... Nik Bonitto has sacks in 10 games so far, two shy of the Broncos record held by Von Miller. ... Brandon Jones is the first Broncos safety since Hall of Famer Steve Atwater in 1995 to have 100 or more tackles and three or more interceptions in a season. ... Cincinnati’s defense forced three turnovers and had five sacks in the win over Cleveland last week. ... Burrow was sacked four times by the Browns, but also passed for three touchdowns. ... Cincinnati has won its past three games to improve to 7-8 on the season and can get to .500 in the final home game of the season. ... All of the Bengals’ seven wins have come against teams with losing records. ... Seven of Cincinnati’s eight losses have been by one score. ... Bengals K Cade York is 4 of 5 on field goals since being promoted from the practice squad to replace the injured Evan McPherson. York was drafted by the Browns in 2022 ... Bengals edge rusher Trey Hendrickson has 13 1/2 sacks. Fantasy tip Bengals RB Chase Brown is poised for a breakout. Brown has 91 rushing yards in the win over Cleveland last week and 97 yards and a touchdown against Tennessee the previous week. The second-year player is averaging 4.4 yards per carry. ___ AP NFL: https://apnews.com/hub/nfl
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S Naren, Executive Director and Chief Investment Officer of ICICI Prudential AMC, shared his optimistic outlook on Real Estate Investment Trusts (REITs) and office spaces. He emphasized that the best way to leverage these opportunities is through asset allocation via hybrid funds. Naren also discussed his broader market outlook for 2025, highlighting equities and other asset classes he considers promising for the year ahead. Below is the verbatim transcript of the interview. Q: This year the Nifty, at one point, we thought we would run away with the 20% gain. But okay, at 13.5%-14% this year is a fairly decent one. Smallcaps were all the abuse thrown at them and fears that we had is still ending the year with close to 30%. How does 2025 at the outset look to you? A: There were three years when we always used to say, consumers look overvalued and it will underperform, and it kept outperforming. For the last two years, we are the butt of jokes. People saying you are always cautious on mid-caps and small caps, and small caps and mid-caps keep outperforming. So, you have a situation where the only seller in the market is the foreign institutional investor (FII) and FIIs keep selling only large caps. So, the small and midcaps are the biggest outperformers in the market from 2021. So, the small caps and midcaps have become much more overvalued, but they never fall because the FIIs are only selling large caps and that has been the situation from 2021 onwards, that we are the butt of jokes in this entire segment that at all points of time ICICI Prudential is cautious on mid-caps and small caps, but midcaps and small caps always outperform large caps. Q: How will 2025 pan out in terms of this US exceptionalism, which is what drew away all the FII money, or much of it? Does this exceptionalism continue? After all, US growth rates are good and the Trump trade has worked for that country. Do you think 2025 also will continue to see FII drawdowns? A: This exceptionalism cannot continue forever because all said and done, India's growth rate is much higher than the US and it will continue to be because structurally India's growth is much better than that of the US. So, I do not think it can continue forever. Can it continue for a few quarters? Yes, it's possible, but it won't last for a long period because India's macro is in very good shape. If you look at current account deficit or fiscal deficit or inflation, and compare where we are at this point, we are in very good shape. So, I don't think it can go on forever. Also Read: Meet Motilal Oswal's top stock pick for 2025 So, at some point in time, FIIs are likely to come back into the country and that too into large caps, but the real problem at this point is that the domestic investor sees equity as a riskless asset and has been investing, if you look at the number of loss-making companies that domestic investor is comfortable investing into, whether that at some point of time will change is the question that we do not have an answer to and at that point of time there can be a problem because domestic investors are not looking at valuation. The foreign investor is saying, I want my money back in the US at any cost, in dollars. So, they have been digging out money. But the domestic investor is possibly not risk averse at all, and for the last 10 years, we have not had a down year. So, people perceive that equities are a riskless asset, which it is not. Q: There is also one level of scepticism with the domestic market, especially after the recent numbers. We first thought the July-September 2024 (Q2FY25) earnings were bad because of the base effect, and margins and there were a whole lot of other reasons. Then we got the shock of the Q2 gross domestic product (GDP) number going down, and the Chief Economic Advisor (CEA) also said that if you guys do not pay enough, then there will not be enough consumption. Do you worry about the consumption aspect of India, and will that cast a shadow on the way you pick stocks? A: We do not worry so much about all these things because, at the end of the day, the growth is very much there. Look at some of the areas; look at airline passenger growth or total tariffs or something like that, you can look at those areas and be very positive on India. Even if you look at two-wheeler growth this year, it has been very good at this point. So, I do not think we are worried about growth. We have been worried about valuations and not growth and fundamentals, and the fact that people are not discriminating. So, if you look at it, that is the bigger challenge we have been worried about. Also Read: Higher yields, lower barriers: How SM REITs are revolutionising real estate investment We have not been worried about growth at this point, per se, and how all these numbers are calculated is also a challenge. So, if you look at the last quarter's numbers; I mean, some of the oil marketing companies moved from very different numbers one year back to where it is at this point that also reflects the earnings. Look at banking earnings, banking is one of the most important indicators of the economy. I think those numbers were very good. So aren’t banking earnings more important than oil marketing companies? That's how we look at it. So, I don't think we are worried about growth or something like that. We have always been worried about valuations. We are worried about the fact that investor risk appetite domestically is very high, and globally, for India, is not high, it is very low. Q: Let's discuss the domestic themes in that case. You came up with some examples. If you look at airlines and if you look at hotels, Indian consumption looks very good. So, would discretionary be a good theme? And would FMCG or any kind of mass consumption not be your favourites? A: Basically, we are, by nature, contrarian. So, what we do is we try to see where people are not so positive. So, by nature, we like areas like rural or quality stocks or things like that where things have been negative for quite some time and therefore there is opportunity for the future. Whereas we are more negative on things which have done very well. If you look at the hotel stocks at this point, if you look at the five-year compound annual growth rate (CAGR) in hotel stocks, it is outstanding from 2020 to 2024. So, by nature, we believe that some of the very good news gets priced into equities, but that is the nature of the equity market. Whereas if you look at some of the rural areas, stocks like fast-moving consumer goods (FMCG) and all that; we used to be very negative on FMCG, but over the next few years, maybe FMCG is kind of an area to invest in and cement could be another area to invest in because these are the areas like midcap cement or FMCG and those kind of sectors could be the areas where you should invest in because the maximum prism areas are always the best areas to invest in. In 2020, it used to be metals, telecom, public sector undertaking (PSU) etc. Today it could be something else at this point. Q: What should be the other themes that you will look at? Will you look at electronic manufacturing services (EMS)? Will you look at e-commerce? Train our eyes to other such sectors. A: You are telling me all the areas. EMS is the other area where the PE itself is more than ₹ 200-300. For example, in 2020 people used to tell us, that quality is the area which is most favoured because they will never go out of fashion. So, for the last four years, quality has been the area which has just done the worst. So, we like quality, we like rural, we like all these themes which have done badly and where we think from here on the outlook would be good. Also Read: Kotak's Nilesh Shah says investors must temper return expectations for 2025 In 2020 we used to like all the opposite of these things. We used to like PSUs, we used to like urban consumption. We used to like these sectors. So, I would say that finally, cycles play out. There are cycles which are at the bottom, there are cycles which are at the top. We have to be careful in cycles which are at the top. If you look at EMS, today it is just like 2007 infra. If someone signs an agreement today for the next 10 years profits are already priced into the stock on that day – that is the way the sector behaves and we have seen from our experience of 2007 infra, that there are a lot of things which go wrong five years after the contract is signed. Q: Tell us about asset allocation. I mean, would you take a good look at, say, corporate bonds, fixed income, gold? What would be your asset allocation strategy? A: We are fond of multi-asset because it gives you opportunities in real estate investment trusts (REITs). We have been very positive on REITs. We like the entire office space, for example. We like corporate bonds, for example, but the best way to do it is through hybrid funds at this point. So, over the last few years, we have been trying our best to get money into hybrid funds because people are just not willing to invest in debt funds. So, we thought, at least the way to get money in debt is through investing in hybrid funds. A particular area is multi-asset because that is the way you can get investments, even in REITs, Infrastructure Investment Trusts (InvITs), exchange-traded commodities, and derivatives. For example, in gold and silver; you would have never got money easily, but through the multi-asset route we managed to get a lot of money invested in gold and silver in our funds, and luckily, thanks to the good work done by the mutual fund distributors and investors, we managed to make our multi-asset fund a very large fund. Thanks to the work done by them. For the entire interview, watch the accompanying videoA judge on Monday rejected a request to block a San Jose State women's volleyball team member from playing in a conference tournament on grounds that she is transgender. The ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player, who has played all season, to compete in the Mountain West Conference women's championship opening this week in Las Vegas. The ruling comes in a lawsuit filed by nine current players against the Mountain West Conference challenging the league's policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans woman volleyball player. The Associated Press is withholding the player's name because she has not commented publicly on her gender identity. School officials also have declined an interview request with the player. Crews' ruling referred to the athlete as an "alleged transgender" player and noted that no defendant disputed that the San Jose State roster includes a transgender woman player. San Jose State will "continue to support its student-athletes and reject discrimination in all forms," the university said in a statement, confirming that all its student-athletes are eligible to participate under NCAA and conference rules. "We are gratified that the Court rejected an eleventh-hour attempt to change those rules. Our team looks forward to competing in the Mountain West volleyball tournament this week." The conference did not immediately respond to an email seeking comment. The players filed a notice for emergency appeal with the 10th U.S. Circuit Court of Appeals. Crews said the players who filed the complaint could have sought relief much earlier, noting the individual universities had acknowledged that not playing their games against San Jose State this season would result in a loss in league standings. He also refused a request to re-seed the tournament without the forfeited losses. The judge said injunctions are meant to preserve the status quo. The conference policy regarding forfeiting for refusing to play against a team with a transgender player had been in effect since 2022 and the San Jose State player has been on the roster since 2022 -– making that the status quo. The player competed at the college level three previous seasons, including two for San Jose State, drawing little attention. This season's awareness of her reported identity led to an uproar among some players, pundits, parents and politicians in a major election year. Crews' ruling also said injunctions are meant to prevent harm, but in this case, he argued, the harm has already occurred. The games have been forfeited, the tournament has been seeded, the teams have made travel plans and the participants have confirmed they're playing. The tournament starts Wednesday and continues Friday and Saturday. Colorado State is seeded first and San Jose State, second. The teams split their regular-season matches and both get byes into Friday's semifinals. San Jose State will play the winner of Wednesday's match between Utah State and Boise State — teams that both forfeited matches to SJSU during the regular season. Boise State associate athletic director Chris Kutz declined to comment on whether the Broncos would play SJSU if they won their first-round tournament game. Utah State officials did not immediately respond to emails seeking comment. The conference tournament winner gets an automatic bid to the NCAA tournament. San Jose State coach Todd Kress, whose team has not competed in the national tournament since 2001, has said his team has been getting "messages of hate" and that has taken a toll on his players. Several teams refused to play against San Jose State during the season, earning losses in the official conference standings. Boise State and Wyoming each had two forfeits while Utah State and Nevada both had one. Southern Utah, a member of the Western Athletic Conference, was first to cancel against San Jose State this year. Nevada's players stated they "refuse to participate in any match that advances injustice against female athletes," without elaborating. Nevada did not qualify for the conference tournament. The nine current players and others now suing the Mountain West Conference, the California State University Board of Trustees and others include San Jose State senior setter and co-captain Brooke Slusser. The teammate Slusser says is transgender hits the volleyball with more force than others on the team, raising fear during practices of suffering concussions from a head hit, the complaint says. The Independent Council on Women's Sports is funding a separate lawsuit against the NCAA for allowing transgender women to compete in women's sports. Both lawsuits claim the landmark 1972 federal antidiscrimination law known as Title IX prohibits transgender women in women's sports. Title IX prohibits sexual discrimination in federally funded education; Slusser is a plaintiff in both lawsuits. Several circuit courts have used a U.S. Supreme Court ruling to conclude that discriminating against someone based on their transgender status or sexual orientation is sex-based discrimination, Crews wrote. That means case law does not prove the "likelihood of success" needed to grant an injunction. An NCAA policy that subjects transgender participation to the rules of sports governing bodies took effect this academic year. USA Volleyball says a trans woman must suppress testosterone for 12 months before competing. The NCAA has not flagged any issues with San Jose State. The Republican governors of Idaho, Nevada, Utah and Wyoming have made public statements in support of the team cancellations, citing fairness in women's sports. President-elect Donald Trump likewise has spoken out against allowing transgender women to compete in women's sports. Crews was a magistrate judge in Colorado's U.S. District Court for more than five years before President Joe Biden appointed him as a federal judge in January. Be the first to know Get local news delivered to your inbox!
Amid the relentless rhythm of trains rumbling past, a different symphony of life plays out every day near the rail line of Tejkunipara. Here, an unassuming kitchen market, "Fokinni Bazar" has been thriving for years. You may ask, why such a name? It is because the market is a lifeline for many — from day labourers to garment workers — and here, the city's less privileged stretch their hard-earned money in ways unimaginable elsewhere. The Tk 10 economy "You can even buy grocery items worth Tk 10," says Md Elias, who owns a shop at Fokinni Bazar and has been a chicken trader for three years. "Sometimes people cannot afford to buy a whole chicken; so, they buy gizzards and livers at a lower price. You can even buy cooking oil and lentils for Tk 10 or 20 too!" The market's defining feature is its inclusivity. Here, even the smallest of budgets is welcome. With as little as Tk 10, one can walk away with a handful of vegetables, a piece of fish, or even cooking oil. It's a place where even the poorest can shop with dignity, finding ways to feed their families without feeling excluded. This hyper-affordability creates a sense of community among the buyers. Vendors, many of whom share similar economic struggles, often show leniency, offering a little extra to a familiar face or a known neighbour. Take a walk around the market, it will appear to you like a microcosm where empathy thrives amidst adversity. Waste not, want not What sets Fokinni Bazar apart is its unique inventory. Vendors here do not stock glossy, picture-perfect produce. Instead, they specialise in salvaging the unwanted. They scour stockpiles from larger markets, collecting vegetables deemed unfit for regular sale – slightly bruised tomatoes or wilted greens that did not meet the aesthetic standards of upscale shoppers. Broken eggs, often discarded elsewhere, are sold here by the dozen, their yolks intact and no less nourishing. "We pick up what others throw away," says Shahana Begum, a vendor who has been selling here for the past year. "These vegetables may not look good, but they cook just fine. My customers know that." For many vendors, this practice is not just a business model but a mission to ensure that nothing goes to waste. Buyers, in turn, embrace this ethos out of necessity and practicality. In a world where food waste runs rampant, Fokinni Bazar emerges as an unlikely hero, proving that one person's discard can be another's treasure. A market of necessity Fokinni Bazar is no sprawling, organised grocery hub. Instead, it is a makeshift haven of affordability, operating on the fringes, both literally and metaphorically. Vendors set up their stalls on either side of the railway tracks, their precarious positions mirroring the unstable lives of their patrons. Operating along the railway tracks comes with its own set of risks. Trains barrel through the market multiple times every day, their thunderous presence forcing vendors and buyers to halt their activities momentarily and clear the tracks. Despite the obvious dangers, the market persists. The proximity to the tracks is not just a matter of convenience but a necessity born out of limited options. For many vendors and buyers, moving elsewhere is simply not feasible. The tracks, therefore, become both a lifeline and a tightrope. With that said, the vendors of Fokinni Bazar are unsung heroes and many of them are women who juggle their roles as breadwinners and caregivers, their resilience etched into their weathered faces. They rise before dawn, source their goods from various corners of the city, and spend long hours under the scorching sun or drenching rain, all to make a modest living. Begum remarks, "For us, every piece of vegetable matter, no matter how bruised or wilted they are. No one here feels any shame in buying them." In the grand mosaic of Dhaka's urban life, Fokinni Bazar occupies a tiny, unassuming tile. But its impact is immeasurable, feeding not just the bodies but the spirits of those who rely on it. It is a place where waste finds worth, and every Tk 10 carries the weight of survival, resilience, and dignity. Amid the relentless rhythm of trains rumbling past, a different symphony of life plays out every day near the rail line of Tejkunipara. Here, an unassuming kitchen market, "Fokinni Bazar" has been thriving for years. You may ask, why such a name? It is because the market is a lifeline for many — from day labourers to garment workers — and here, the city's less privileged stretch their hard-earned money in ways unimaginable elsewhere. The Tk 10 economy "You can even buy grocery items worth Tk 10," says Md Elias, who owns a shop at Fokinni Bazar and has been a chicken trader for three years. "Sometimes people cannot afford to buy a whole chicken; so, they buy gizzards and livers at a lower price. You can even buy cooking oil and lentils for Tk 10 or 20 too!" The market's defining feature is its inclusivity. Here, even the smallest of budgets is welcome. With as little as Tk 10, one can walk away with a handful of vegetables, a piece of fish, or even cooking oil. It's a place where even the poorest can shop with dignity, finding ways to feed their families without feeling excluded. This hyper-affordability creates a sense of community among the buyers. Vendors, many of whom share similar economic struggles, often show leniency, offering a little extra to a familiar face or a known neighbour. Take a walk around the market, it will appear to you like a microcosm where empathy thrives amidst adversity. Waste not, want not What sets Fokinni Bazar apart is its unique inventory. Vendors here do not stock glossy, picture-perfect produce. Instead, they specialise in salvaging the unwanted. They scour stockpiles from larger markets, collecting vegetables deemed unfit for regular sale – slightly bruised tomatoes or wilted greens that did not meet the aesthetic standards of upscale shoppers. Broken eggs, often discarded elsewhere, are sold here by the dozen, their yolks intact and no less nourishing. "We pick up what others throw away," says Shahana Begum, a vendor who has been selling here for the past year. "These vegetables may not look good, but they cook just fine. My customers know that." For many vendors, this practice is not just a business model but a mission to ensure that nothing goes to waste. Buyers, in turn, embrace this ethos out of necessity and practicality. In a world where food waste runs rampant, Fokinni Bazar emerges as an unlikely hero, proving that one person's discard can be another's treasure. A market of necessity Fokinni Bazar is no sprawling, organised grocery hub. Instead, it is a makeshift haven of affordability, operating on the fringes, both literally and metaphorically. Vendors set up their stalls on either side of the railway tracks, their precarious positions mirroring the unstable lives of their patrons. Operating along the railway tracks comes with its own set of risks. Trains barrel through the market multiple times every day, their thunderous presence forcing vendors and buyers to halt their activities momentarily and clear the tracks. Despite the obvious dangers, the market persists. The proximity to the tracks is not just a matter of convenience but a necessity born out of limited options. For many vendors and buyers, moving elsewhere is simply not feasible. The tracks, therefore, become both a lifeline and a tightrope. With that said, the vendors of Fokinni Bazar are unsung heroes and many of them are women who juggle their roles as breadwinners and caregivers, their resilience etched into their weathered faces. They rise before dawn, source their goods from various corners of the city, and spend long hours under the scorching sun or drenching rain, all to make a modest living. Begum remarks, "For us, every piece of vegetable matter, no matter how bruised or wilted they are. No one here feels any shame in buying them." In the grand mosaic of Dhaka's urban life, Fokinni Bazar occupies a tiny, unassuming tile. But its impact is immeasurable, feeding not just the bodies but the spirits of those who rely on it. It is a place where waste finds worth, and every Tk 10 carries the weight of survival, resilience, and dignity.Police arrest man after social media post alludes to drug trafficking in Hay River, N.W.T., apartment
JPMorgan Chase & Co. increased its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF ( NYSEARCA:BBAG – Free Report ) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,534,538 shares of the company’s stock after acquiring an additional 1,660,554 shares during the quarter. JPMorgan Chase & Co. owned about 40.52% of JPMorgan BetaBuilders U.S. Aggregate Bond ETF worth $687,774,000 at the end of the most recent quarter. Other hedge funds have also added to or reduced their stakes in the company. Ignite Planners LLC boosted its stake in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 7.2% in the 3rd quarter. Ignite Planners LLC now owns 4,919 shares of the company’s stock valued at $233,000 after purchasing an additional 331 shares during the last quarter. LGT Financial Advisors LLC lifted its holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 179.9% in the second quarter. LGT Financial Advisors LLC now owns 543 shares of the company’s stock valued at $25,000 after buying an additional 349 shares during the period. CreativeOne Wealth LLC boosted its stake in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 2.7% in the third quarter. CreativeOne Wealth LLC now owns 26,157 shares of the company’s stock valued at $1,238,000 after acquiring an additional 698 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its holdings in JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 11.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 9,106 shares of the company’s stock worth $431,000 after acquiring an additional 955 shares during the period. Finally, Legacy Private Trust Co. raised its position in shares of JPMorgan BetaBuilders U.S. Aggregate Bond ETF by 1.7% during the 3rd quarter. Legacy Private Trust Co. now owns 62,639 shares of the company’s stock valued at $2,964,000 after acquiring an additional 1,068 shares during the last quarter. JPMorgan BetaBuilders U.S. Aggregate Bond ETF Price Performance NYSEARCA:BBAG opened at $45.24 on Friday. JPMorgan BetaBuilders U.S. Aggregate Bond ETF has a 1-year low of $44.27 and a 1-year high of $47.72. The business’s 50-day moving average price is $45.81 and its two-hundred day moving average price is $46.24. JPMorgan BetaBuilders U.S. Aggregate Bond ETF Company Profile The JPMorgan BetaBuilders U.S. Aggregate Bond ETF (BBAG) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund tracks a market-cap weighted index to provide exposure to investment grade, USD-denominated debt securities from government and corporate issuers. The fund may invest in securities of any maturity. Featured Articles Want to see what other hedge funds are holding BBAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan BetaBuilders U.S. Aggregate Bond ETF ( NYSEARCA:BBAG – Free Report ). Receive News & Ratings for JPMorgan BetaBuilders U.S. Aggregate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan BetaBuilders U.S. Aggregate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter .
SEOUL (Reuters) - South Korea's acting president faces an impeachment vote as the Constitutional Court meets for its first hearing on Friday in the case of President Yoon Suk Yeol, who was impeached and suspended from duties after a short-lived martial law. The effort to impeach Prime Minister Han Duck-soo, who has been acting president since Yoon was impeached on Dec. 14, threatens to intensify the political crisis gripping Asia's fourth-largest economy and one of its most vibrant democracies. The unexpected martial law decree and swift political fallout shocked the nation and economic markets, unsettling key allies the United States and Europe which had seen Yoon as a staunch partner in global efforts to counter China, Russia, and North Korea. The plan for a vote to impeach Han was unveiled on Thursday by the main opposition Democratic Party after he declined to immediately appoint three justices to fill vacancies at the Constitutional Court, saying it would exceed his acting role. After Yoon's impeachment, the DP had said in the interest of national stability it would not pursue impeaching Han over his role in the martial law bid. But the party has since clashed with the Yoon-appointed prime minister over the justices, as well as bills calling for special prosecutors to investigate the president. On Thursday Han said it was beyond his remit as a caretaker president to appoint the justices without bipartisan agreement. A party spokesman said Han's refusal amounted to an abuse of power aimed at obstructing Yoon's trial, adding that the prime minister was himself "a key suspect in the rebellion". The leader of Yoon's People Power Party, Kwon Young-se, told reporters that if Han was impeached, that could trigger a new financial crisis, the Yonhap news agency said. Yoon cited a high number of impeachment votes and other obstructionist moves by the DP as part of his justification for trying to impose martial law. He also later said it was needed to investigate questions over election security. The vote to determine Han's fate comes as the Constitutional Court is set to hold its first hearing in a case that will decide whether Yoon is reinstated or permanently removed from office. The court has 180 days to decide whether to reinstate Yoon or remove him. In the latter scenario, a new presidential election would be held within 60 days. Yoon is not required to attend the hearing, and it is unclear if anyone from his legal team will be there. In contrast to South Korea's two previous impeached presidents, Yoon has refused to receive or acknowledge court communications so far. On Thursday a court spokesperson said the hearing would be held regardless of his team's participation, but she did not comment on whether the president would eventually be compelled to respond. LEADERSHIP CRISIS If Han is impeached, the finance minister will assume the acting presidency. The Democratic Party has majority control of parliament, but there is disagreement between the parties and some constitutional scholars over whether a simple majority or a two-thirds vote is needed to impeach the acting president. On Thursday the South Korean won weakened to its lowest since March 2009 in holiday-thinned trading amid the U.S. dollar's continued rally. Analysts said there was little to reverse the negative sentiment stemming from political uncertainty this week, while the strong dollar has not worked in favour of South Korean stocks. Yoon shocked his country and the world with a late-night announcement on Dec. 3 that he was imposing martial law to overcome political deadlock and root out "anti-state forces". The military deployed special forces to the national assembly, the election commission, and the office of a liberal YouTube commentator. It also issued orders banning activity by parliament and political parties, as well as calling for government control of the military. But within hours 190 lawmakers had defied the cordons of troops and police and voted against Yoon's order. About six hours after his initial decree, the president rescinded the order. Yoon survived a first impeachment vote on Dec. 7 after his party boycotted the motion, but divisions within his conservative camp deepened after he gave a defiant speech defending martial law, questioning the validity of elections, and claiming domestic opponents were aligned with North Korea. At least 12 of his party joined the opposition to support impeachment on Dec. 14, and he was suspended from duties. Yoon and senior members of his administration also face criminal investigations for insurrection over their decision to impose martial law. (Writing by Josh Smith; Editing by Clarence Fernandez)LAKE FOREST, Ill. (AP) — Jaylon Johnson wasn't all that interested in discussing any bright spots or reasons to have hope for the Chicago Bears. The star cornerback made his feelings clear. “I’ve been in slumps four, five years in a row now,” Johnson said Monday. "So, I mean at the end of the day, I don’t look for, ‘OK, what is going to be better in the future?’ ... It will be better when it’s better. So, right now, it’s not better. That’s all I can go off of.” The Bears (4-7) are last in the NFC North and have five straight losses after falling 30-27 to Minnesota in overtime. They wiped out an 11-point deficit in the final 22 seconds of regulation, only to come up short again when the Vikings' Parker Romo kicked a 29-yard field goal. It was the third game during this skid that came down to the final play. The Bears also lost on a Hail Mary at Washington in Week 8 and had a game-ending field goal attempt by Cairo Santos blocked by Green Bay in Week 11. Players have openly questioned some of the coaching decisions in recent weeks. Offensive coordinator Shane Waldron got fired before the game against Green Bay. And coach Matt Eberflus' game management came under more scrutiny against Minnesota. With the Bears trailing 17-10 in the third quarter, there was some confusion on a fourth-and-4 at the Vikings 27. Eberflus said he didn't do a good enough job communicating on the previous play that they would go for it on fourth down. That led to a chaotic sequence in which Santos and long snapper Scott Daly ran onto the field, only to get waved off by a lineman. Quarterback Caleb Williams had to rush to get everyone lined up properly in order to avoid a delay of game. He wound up barking out the wrong play because he misheard the call from offensive coordinator Thomas Brown and threw an incomplete pass. Receiver DJ Moore said Eberflus had not addressed that play with the team. The Bears were scheduled to meet later Monday. “That moment was just like, like a ‘what is going on’ moment that we could have avoided,” he said. What's working The passing game. Williams has clearly looked more comfortable in the two games since Brown replaced the fired Shane Waldron as offensive coordinator. The No. 1 draft pick followed up a solid performance against Green Bay by throwing for 340 yards and two touchdowns. It was his fourth straight turnover-free game and fifth in a row without an interception. What needs help Field goal protection. One week after his game-ending 46-yard field goal attempt against Green Bay got blocked, Santos had a 48-yarder rejected on his first try against Minnesota. It happened from the same area, in the middle of the line, when the Vikings' Jerry Tillery knocked down the kick. “I just think it’s technique," Eberflus said. "It’s getting your foot down, bracing up there, staying lower. ... We just have to do a better job there with that.” It was the third blocked field goal for Santos this year, the most for Chicago in a single season since it also had three blocked in 2012. He had a 43-yard try blocked in a win over Jacksonville on Oct. 13. Stock up Moore. The Bears have done a better job getting Moore involved under Brown. Moore caught seven passes for a season-high 106 yards and a touchdown against Minnesota. That gave him 14 receptions for 168 yards the past two games, compared to 13 for 104 yards over the previous four. Johnson's 27-yard catch down the middle set up Santos' tying field goal at the end of regulation. But it's not just deep shots. The Bears are finding ways to get the ball in his hands, allowing him to turn short passes into bigger gains. He also had a 13-yard run. Stock down RB D’Andre Swift. After a string of solid outings, Swift had just 30 yards on 13 carries. To be fair, he has been dealing with a groin issue, and he was going against the NFL's No. 1 run defense. Injuries The Bears reported no injuries during the game. Key number 5-18 — The Bears' record in one-possession games in nearly three seasons under Eberflus, including a 2-5 mark this year. They are 14-31 overall during Eberflus' tenure. Next steps The schedule doesn't get any easier, with a Thanksgiving matchup at NFC North leader Detroit. The Lions (10-1) have won nine straight since losing to Tampa Bay in Week 2. AP NFL: https://apnews.com/hub/NFL
Memphis beats No. 2 UConn 99-97 in overtime to tipoff Maui Invitational LAHAINA, Hawaii (AP) — Tyrese Hunter scored 17 of his 26 points after halftime to lead Memphis to a 99-97 overtime win against two-time defending national champion and second-ranked UConn in the first round of the Maui Invitational. Hunter shot 7 of 10 from 3-point range for the Tigers, who were 12 of 22 from beyond at the arc as a team. PJ Haggerty had 22 points and five assists, Colby Rogers had 19 points and Dain Dainja scored 14. Tarris Reed Jr. had 22 points and 11 rebounds off the bench for the Huskies. Alex Karaban had 19 points and six assists, and Jaylin Stewart scored 16. Judge rejects request to sideline a San Jose State volleyball player on grounds she’s transgender A judge has rejected a request to block a San Jose State women’s volleyball team member from playing in a conference tournament on grounds that she’s transgender. Monday’s ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player to continue competing in the Mountain West Conference women’s championship in Las Vegas this week. His order also upholds the seedings and pairings in the tournament. The ruling comes after a lawsuit was filed by nine current players against the Mountain West Conference challenging the league’s policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. Pitcher Yusei Kikuchi and Los Angeles Angels agree to a $63 million, 3-year contract, AP source says A person familiar with the negotiations tells The Associated Press left-hander Yusei Kikuchi and the Los Angeles Angels have agreed to a $63 million, three-year contract. The person spoke on condition of anonymity because the deal, first reported by the New York Post, was subject to a successful physical. An All-Star with Seattle in 2021, Kikuchi was 9-10 with a 4.05 ERA this year for Toronto and Houston, which acquired him on July 30. Kikuchi was 5-1 with a 2.70 ERA in 10 starts with the Astros. He is 41-47 with a 4.57 ERA in six seasons. Conference title games a chance at a banner, bragging rights and, for some, a season-wrecking loss Indiana should be able to breathe easy. The Hoosiers have very little chance of making it to the Big Ten championship game. In the Southeastern Conference, Georgia has a spot in the league title game but with that comes a lot of worry. Conference title games give teams a chance to hang a banner, but for national title contenders it is an additional chance for a season-wrecking loss — even with an expanded 12-team College Football Playoff field. US goalkeeper Alyssa Naeher is retiring from international soccer U.S. women’s national team goalkeeper Alyssa Naeher is retiring from international soccer. Naeher is on the team’s roster for a pair of upcoming matches in Europe but those will be her last after a full 11 years playing for the United States. Naeher was on the U.S. team that won the Women’s World Cup in 2019 and the gold medal at this year's Olympics in France. She’s the only U.S. goalkeeper to earn a shutout in both a World Cup and an Olympic final. Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season LAS VEGAS (AP) — Formula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors. The approval ends years of wrangling that launched a federal investigation into why Colorado-based Liberty Media, would not approve the team initially started by Michael Andretti, who has since stepped aside. The 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. UCLA moves up to No. 1 in AP Top 25 women's basketball poll for first time in history UCLA has earned the school's first No. 1 ranking in in The Associated Press Top 25 women's basketball poll. The Bruins knocked off the previous top team, South Carolina, which had held the No. 1 spot for the previous 23 polls. UCLA moved up four spots. UConn remained No. 2. Notre Dame pulled off its own upset, beating then-No. 3 USC and moving up to third. South Carolina dropped to fourth, Texas is fifth and USC fell to sixth. Iowa is in the poll for the first time in the post-Caitlin Clark era, coming in at No. 22. Raiders quarterback Gardner Minshew is out for the season with a broken collarbone HENDERSON, Nev. (AP) — Las Vegas Raiders coach Antonio Pierce said Monday that quarterback Gardner Minshew is out for the rest of the season with a broken collarbone. Pierce said Aidan O’Connell is on injured reserve with a broken thumb. He could be available to start when the Raiders visit the Kansas City Chiefs on Friday. The Raiders also could turn to Desmond Ridder. He replaced Minshew when he was injured late in Sunday’s 29-19 loss to the Denver Broncos. Kansas stays at No. 1 ahead of showdown vs. No. 11 Duke; Ole Miss, Mississippi St back in AP Top 25 Kansas remained solidly entrenched at No. 1 in the AP Top 25 men’s college basketball poll ahead of its showdown with Duke in Las Vegas. The Jayhawks received 51 of 62 first-place votes from the national panel of media, putting them well ahead of two-time reigning national champion UConn, which was second with six first-place votes. Gonzaga was third with two first-place votes, Auburn was next with three, and Iowa State rounded out a top five that was unchanged from the previous week. Xavier, Ole Miss and Mississippi State entered the poll at the expense of Illinois, St. John's and Rutgers. Wake up the ghosts! Texas, Texas A&M rivalry that dates to 1894 is reborn AUSTIN, Texas (AP) — Any Texas or Texas A&M player who grew up in the state has heard the lore of the rivalry between the two schools, a grudge match that dates to 1894. But for more than a decade it has been only ghostly memories of great games and great plays made by heroes of the distant past. That changes this week when one of college football’s great rivalries is reborn after a 12-year hiatus. Third-ranked Texas plays at No. 20 Texas A&M with a berth in the conference championship game on the line.
Musician Ed Sheeran has apologised to Manchester United manager Ruben Amorim after gatecrashing his post-match interview after Sunday's 1-1 draw with Ipswich Town . Amorim was being interviewed on Sky Sports after the match at Portman Road when Sheeran interrupted to speak with pundit Jamie Redknapp. Sheeran has faced criticism on social media after the incident, and took to Instagram to apologise to the United boss. "Apologies if I offended Amorim yesterday, didn't actually realise he was being interviewed at the time, was popping in to say hi and bye to Jamie," Sheeran said. "[Obviously] feel a bit of a b------ but life goes on. Great game though, congrats on all involved x." Editor's Picks Amorim: United set for long period of suffering 14h Mark Ogden Man United's draw at Ipswich reveals enormity of Amorim's task 11h Mark Ogden Transfer rumors, news: Arsenal, Chelsea battle for Isak 7h ESPN Sheeran, who is fan of Ipswich and has a minority stake in the club, is also the front of shirt sponsor for the club. He was on hand to watch as Kieran McKenna's side came from behind to earn a point against United in Amorim's first match in charge after taking over from Erik ten Hag. Amorim's first game at Old Trafford comes against FK Bodø/Glimt in the Europa League on Thursday, while Ipswich travel to Nottingham Forest in the Premier League on Saturday.After a significant delay, the Trump transition team has signed a key agreement with the Biden White House to ease the transfer of power. "This engagement allows our intended cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power," Susie Wiles, chief of staff to President-elect Donald Trump, said in a statement on Tuesday. The memorandum of understanding was supposed to have been signed by Oct. 1 — along with a second MOU with the General Services Administration (GSA) that would provide funding, office space and technology. The deadline and process is set out in a law called the Presidential Transition Act. The transition team said it has ruled out signing the GSA agreement, saying it would use "an existing ethics plan" for its team, and would post it on the GSA website. "The transition already has existing security and information protections built in, which means we will not require additional government and bureaucratic oversight," the Trump transition team said in a statement, noting it would disclose its donors publicly. Now that the MOU is signed, authorized members of the Trump transition team can have access to agency and White House employees, facilities and information because it has "agreed to important safeguards to protect non-public information and prevent conflicts of interest, including who has access to the information and how the information is shared," said Saloni Sharma, a spokeswoman for the White House. While the White House would have preferred that the Trump transition team sign the GSA agreement, it decided that a disruption in the transfer of power would be more risky. A third agreement, with the Department of Justice, is required for FBI background checks and security clearances. That agreement has not yet been signed. Those background checks are traditionally required by the Senate during the confirmation process, along with an ethics agreement with the Office of Government Ethics, and responses to a detailed questionnaire. Copyright 2024 NPR
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