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ROME (AP) — In 2020, it was a run to the Champions League quarterfinals just as Bergamo was becoming the epicenter of the coronavirus pandemic . Last season, it was an upset victory over Bayer Leverkusen in the Europa League final to end the German club’s European-record unbeaten run at 51 games. Atalanta keeps on surprising and its latest exploit was moving atop Serie A following a 3-1 win at Parma on Saturday for its seventh straight win in the Italian league. And to think that coach Gian Piero Gasperini considered leaving Atalanta toward the end of last season. Now, Gasperini has the chance to guide “La Dea” (The Goddess), as the team is nicknamed, to its first ever Italian league title. There’s a long way to go, though, and it should be noted that Atalanta is level on points with second-place Inter Milan, which routed Hellas Verona 5-0 earlier, and that Napoli has a chance to reclaim the lead when it hosts Roma on Sunday. Also Saturday, AC Milan and Juventus drew 0-0 at the San Siro in a match with few chances from both sides. Milan produced one shot on goal and Juventus created two. Gasperini’s attack-first tactics have produced a league-best 34 goals Atalanta's Mateo Retegui scored his league-leading 12th goal of the season, Ederson made it 2-0 before the break and Europa League final hero Ademola Lookman restored the two-goal advantage after Matteo Cancellieri had pulled one back for Parma. Retegui’s fourth headed goal of the season put him atop that category across Europe’s five major leagues, according to Opta, while Lookman volleyed in a cross from Juan Cuadrado after having two goals disallowed. Gasperini was sent off midway through the second half for protests. But he was smiling in the stands at the final whistle. Atalanta's 34 goals are the most in Italy, and trail only Barcelona (42), Bayern Munich (36) and Paris Saint-Germain (36) across Europe's top five leagues. Atalanta has won two and drawn two in the Champions League this season. Thuram scores 2 in Inter's rout of Verona Marcus Thuram scored twice for defending champion Inter at Verona. Inter was missing top striker Lautaro Martinez, who was out sick. But five goals in the first half made Lautaro’s absence a non-issue. Joaquin Correa opened the scoring 17 minutes in, Thuram then scored twice before more goals from Stefan de Vrij and Yann Aurel Bisseck. Correa nearly added another in second-half stoppage time but his effort hit the woodwork. Inter's only loss across all competitions this season was a derby defeat to Milan in September. ___ AP soccer: https://apnews.com/hub/soccer Andrew Dampf, The Associated PressMumbai: BMC Plans Third Seafood Plaza In Khar Danda Koliwada, Invites Public Feedback Before Launch
Cargo ship runs aground in St. Lawrence River near Morrisburg, Ont.Cal staves off Sacramento State for third straight win
A United Nations (UN) watchdog is set to launch an investigation into sexual misconduct claims made against the International Criminal Court (ICC) top prosecutor, according to a Tuesday report from The Associated Press. The decision is expected to raise conflict-of-interest concerns due to the prosecutor's wife's previous role with the oversight body. Who Is the ICC Prosecutor? Chief Prosecutor Karim Khan delivered updates this week in The Hague on the International Criminal Court's politically charged investigations into war crimes and atrocities in Ukraine, Gaza and Venezuela, along with other conflict zones, during the court's annual meeting. Judges last month granted a request from Karim Khan to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas ' military chief over accusations of crimes against humanity related to the war in Gaza. Allegations An Associated Press investigation in October revealed that as the ICC was preparing an arrest warrant for Israeli Prime Minister Benjamin Netanyahu, Khan was facing internal allegations of misconduct, including claims that he attempted to pressure a female aide into a sexual relationship and groped her on multiple occasions over several months. The Assembly of States Parties to the Rome Statute, which governs the International Criminal Court, previously announced plans for an external investigation into the allegations but has not disclosed who will lead the inquiry. During this week's meeting, Päivi Kaukoranta, a Finnish diplomat leading the ICC's oversight body, informed delegates that the investigation would be handled by the U.N.'s Office of Internal Oversight Services, according to two diplomats who spoke to The Associated Press on the condition of anonymity due to the confidential nature of the discussions. Last month, two prominent human rights organizations raised concerns over the potential involvement of the U.N. in the investigation, citing a possible conflict of interest. Khan's wife, a well-known human rights attorney, previously worked for the agency in Kenya in 2019 and 2020, where she focused on sexual harassment investigations. The allegations against Khan emerged in May when two court employees who were confided in by the alleged victim came forward. This occurred just weeks before Khan first pursued arrest warrants for Netanyahu, Israel's defense minister and three Hamas leaders on war crimes charges. The Associated Press reported that Khan frequently traveled with a woman after transferring her to his office from another department at ICC headquarters. According to whistleblower documents reviewed by the AP and submitted to the court's watchdog, Khan allegedly asked the woman to join him on a hotel bed during one trip and "sexually touched her." On another occasion, he reportedly knocked on her hotel room door at 3:00 a.m. for 10 minutes. Responses In a joint statement, the International Federation for Human Rights and Women's Initiatives for Gender Justice called for Karim Khan to be suspended during the investigation. The groups also urged a rigorous vetting process for the investigative body to ensure it is free from conflicts of interest and has proven expertise in handling such matters. "We strongly recommend ensuring that these concerns are openly and transparently addressed before assigning the mandate to the OIOS," the joint statement said. Kaukoranta declined to comment on the investigation when approached by The Associated Press on Tuesday during the ICC's annual meeting. Neither the U.N. nor Khan's attorney immediately responded to The Associated Press' requests for comment. This article includes reporting from The Associated Press.
LANDOVER, Md. (AP) — The ball bounced through KaVonte Turpin's legs and stopped at the 1-yard line. He picked it up, made a spin move and was off to the races. Turpin's 99-yard kickoff return touchdown was the highlight of the Dallas Cowboys' 34-26 win at Washington on Sunday that ended their losing streak at five. That came with just under three minutes left, and then Juanyeh Thomas returned an onside kick for a TD to provide a little happiness in the middle of a lost season. "Feels good to win," coach Mike McCarthy said. “It’s been a minute.” Chauncey Golston ripping the ball out of Brian Robinson Jr.'s hands for what counted as an interception of Commanders rookie quarterback Jayden Daniels and Donovan Wilson forcing a fumble of John Bates earlier in the game helped put the Cowboys in position to make it a game, as did the play of Cooper Rush. Turpin's monster return after initially muffing the retrieval had everyone buzzing. "He did that for timing," McCarthy said. “That was part of the plan. He’s a special young man. Obviously a huge play for us.” Commanders safety Jeremy Reaves, the All-Pro special teams selection two seasons ago, was the first one down the field and blamed himself for not tackling Turpin when he had the chance. “I’ve made that play 100 times,” Reaves said. “I didn’t make it today, and it cost us the game.” Turpin's spin move will likely be replayed over and over — and not stopped by many. Receiver CeeDee Lamb called it “his escape move” because Turpin has been showing it off in practice. “I know I can just get them going one way and then spin back the other way,” Turpin said. "That’s just one of my moves when I’m in trouble and I've got nowhere to go: something nobody ever seen before.” In a wacky finish that McCarthy likened to a game of Yahtzee, Thomas' return was almost as unexpected. It came with 14 seconds left after Washington kicker Austin Seibert missed the extra point following Daniels' 86-yard touchdown pass to Terry McLaurin to leave Dallas up 27-26. “I kind of waited a second and I was like: ‘Should I try? Should I try?’” Thomas said. “I said, ‘I think I’m gonna score the ball,’ so just ran and I scored.” The Cowboys' playoff odds are still incredibly long at 4-7, but with the New York Giants coming to town next for the traditional Thanksgiving Day game at Dallas, players are willing to dream after winning for the first time since Oct. 6. “Lot of games left,” said Rush, who threw two TD passes. “Pretty insane. ... I think both sides of the ball and special teams picked each other up all game. I think it was a full team effort. Finally picking each other up like we’re supposed to.” AP NFL: https://apnews.com/hub/nflIt has become one of only about 20 companies floated on the stock exchange so far in 2024, but hopes are rising that a three-year drought in initial public offerings is finally nearing an end as the Australian market rides the wave of a strong Wall Street and awaits cuts to the cash rate next year. "For us, listing was about growth, it was about legacy and creating something that we never want to lose," Bartolo says. "Being listed lets us continue on that journey, continue to grow and outlive us." Symal began trading on the ASX on Thursday, under the SYL ticket, with a $437 million market capitalisation, after raising $136 million from institutional and retail... Sumeyya IlanbeyShares of Latin American e-commerce and fintech behemoth MercadoLibre ( MELI 1.87% ) are up over 6,560% since the company's initial public offering (IPO) in 2007. Had an investor bought $15,000 worth of MercadoLibre stock at its IPO, it would now be worth $1 million -- less than two decades later. Even after this incredible run, however, I have been waiting for a chance to add to my MercadoLibre position, as I believe the company's best days are still ahead of it. The company recently reported solid earnings, but the stock still dropped 10% , potentially providing an excellent opportunity to continue adding to my MercadoLibre position at a discount. Here are four reasons why the company looks like a once-in-a-decade opportunity today. 1. Growing alongside the Latin American e-commerce surge MercadoLibre has grown its revenue 33-fold in the last decade alone. Yet numerous megatrends should continue working in the company's favor over the next decade (and beyond). Perhaps the most significant tailwind is that the e-commerce penetration rate in Latin America currently lags behind the United States, United Kingdom, and China by roughly 10 years. Partially thanks to this low penetration rate, the $150 billion Latin American (LatAm) e-commerce market is projected to grow by 50% over the next four or five years. MercadoLibre believes it will capture more than 50% of this incremental growth, thanks to its top-dog status and first-mover advantage in the LatAm e-commerce niche. I'd even argue that this 50% growth over the next four or five years could prove to be conservative, considering the U.S. has seen its e-commerce sales grow by roughly 14% from 2014 to 2023. Building five new fulfillment centers in Brazil and one in Mexico -- which weighed on profitability and helped spur the market's adverse reaction -- the company favors trading short-term profits for long-term cash flows with its logistical investments. 2. Expanding its geographic footprint LatAm's e-commerce growth prospects alone make MercadoLibre an exciting stock to consider. Nevertheless, a massive opportunity remains due to the fact that 96% of its revenue comes from just three countries: Brazil, Argentina, and Mexico. To highlight the potential that exists outside of these three countries, consider that Chile, Colombia, Peru, and Ecuador have a combined gross domestic product that is similar to Mexico's. However, these four countries equal less than 5% of MercadoLibre's sales, while Mexico alone accounts for around 25%. Senior Vice President of Strategy Leandro Cuccioli spoke to this potential recently, explaining on the company's investor relations podcast, "In some of these countries, the penetration of e-commerce is still in the single digits ... it's like a hidden gem." Cuccioli went on to admit that it may take time to allocate additional resources to these regions as the company can't "do everything at the same time." Still, the potential is clear for patient investors willing to think decades ahead. 3. A robust and improving return on invested capital The lengthy growth runway ahead of MercadoLibre is undeniably promising on its own merit. However, the company's ability to generate outsize profits from its invested capital is what could make it one of the biggest multibaggers of our time. Since 2020, the company has gradually morphed from a mere growth stock into a true compounder, thanks to its rising return on invested capital (ROIC) . MELI Return on Invested Capital data by YCharts To put this 18% ROIC in context, if MercadoLibre were in the S&P 500 , its mark would rank in the top 20% of companies in the index. This combination of a rising ROIC and its top-quintile ranking has historically proven to be an indicator of outperformance for stocks, as this article suggests . As MercadoLibre continues growing its high-margin ads business while reaching higher efficiencies by scaling into its massive logistical network, look for this high ROIC to persist. 4. MercadoLibre's once-in-a-decade valuation Despite the company's history of share price appreciation, its remaining growth potential, and high ROIC, MercadoLibre appears to be near a once-in-a-decade valuation. The company currently trades with a price-to-sales (P/S) ratio of 5.3, which is less than half of its historical average. MELI PS Ratio data by YCharts Similarly, MercadoLibre's 1.5% earnings yield (the inverse of a price-to-earnings ratio , so higher is cheaper) is at its highest consistent marks since 2017. This reasonable valuation looks all the more enticing, considering that the company's monthly active buyer growth reaccelerated to 21% in the third quarter, which is its highest level since 2020. Similarly, fintech monthly active users and companywide revenue grew by 35% each in Q3. Thanks to these growth rates, the strong underlying megatrends that support their likelihood to continue, and the company's top-tier ROIC, MercadoLibre looks like a once-in-a-decade opportunity at today's price.
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