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Revolutionary AI Tool Transforms Sound Creation Like Never BeforeDAMASCUS, Syria (AP) — Russian state news agencies are reporting that ousted Syrian President Bashar Assad has arrived in Moscow with his family and given asylum. The agencies, Tass and RIA, cited an unidentified Kremlin source. The Associated Press was not immediately able to verify the reports but has contacted the Kremlin for comment. RIA also cited an anonymous Kremlin source that Moscow had received guarantees from Syrian insurgents of the security of Russian military bases and diplomatic posts in Syria. The report did not give further details. Assad reportedly left Syria early Sunday. Syrians have been pouring into streets echoing with celebratory gunfire after a stunning rebel advance reached the capital, ending the Assad family’s 50 years of iron rule . THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. DAMASCUS, Syria (AP) — Syrians poured into streets echoing with celebratory gunfire on Sunday after a stunning rebel advance reached the capital, ending the Assad family's 50 years of iron rule but raising questions about the future of the country and the wider region. Joyful crowds gathered in squares in Damascus, waving the Syrian revolutionary flag in scenes that recalled the early days of the Arab Spring uprising, before a brutal crackdown and the rise of an insurgency plunged the country into a nearly 14-year civil war. Others gleefully ransacked the presidential palace and residence after President Bashar Assad and other top officials vanished, their whereabouts unknown. Russia, a close ally, said Assad left the country after negotiations with rebel groups and had given instructions to transfer power peacefully. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago and says he embraces pluralism and religious tolerance, leads the biggest rebel faction and is poised to chart the country's future. In his first public appearance since fighters entered the Damascus suburbs Saturday, al-Golani visited the sprawling Umayyad Mosque and called Assad's fall “a victory to the Islamic nation.” Calling himself by his given name, Ahmad al-Sharaa, and not his nom de guerre, he told hundreds of people that Assad had made Syria “a farm for Iran’s greed.” The rebels face the daunting task of healing bitter divisions in a country ravaged by war and still split among armed factions. Turkey-backed opposition fighters are battling U.S.-allied Kurdish forces in the north, and the Islamic State group is still active in some remote areas. Syrian state television broadcast a rebel statement early Sunday saying Assad had been overthrown and all prisoners had been released. They called on people to preserve the institutions of “the free Syrian state.” The rebels later announced a curfew in Damascus from 4 p.m. to 5 a.m. The rebels said they freed people held at the notorious Saydnaya prison, where rights groups say thousands were tortured and killed . A video circulating online purported to show rebels breaking open cell doors and freeing dozens of female prisoners, many of whom appeared shocked. At least one small child was seen among them. “This happiness will not be completed until I can see my son out of prison and know where is he,” said one relative, Bassam Masr. "I have been searching for him for two hours. He has been detained for 13 years.” Rebel commander Anas Salkhadi later appeared on state TV and sought to reassure Syria's religious and ethnic minorities, saying: “Syria is for everyone, no exceptions. Syria is for Druze, Sunnis, Alawites, and all sects.” “We will not deal with people the way the Assad family did," he added. Damascus residents prayed in mosques and celebrated in squares, calling, “God is great.” People chanted anti-Assad slogans and honked car horns. Teenage boys picked up weapons apparently discarded by security forces and fired into the air. Revelers filled Umayyad Square, where the Defense Ministry is located. Some waved the three-starred Syrian flag that predates the Assad government and was adopted by the revolutionaries. Elsewhere, many parts of the capital were empty and shops were closed. Soldiers and police left their posts and fled, and looters broke into the Defense Ministry. Videos showed families wandering the presidential palace, some carrying stacks of plates and other household items. “It’s like a dream. I need someone to wake me up," said opposition fighter Abu Laith, adding the rebels were welcomed in Damascus with “love.” At the Justice Ministry, where rebels stood guard, Judge Khitam Haddad said they were protecting documents from the chaos. Outside, some residents sought information about relatives who disappeared under Assad. The rebels “have felt the pain of the people,” said one woman, giving only her first name, Heba. She worried about possible revenge killings by the rebels, many of whom appeared to be underage. Syria’s al-Watan newspaper, which was historically pro-government, wrote: “We are facing a new page for Syria. We thank God for not shedding more blood.” It added that media workers should not be blamed for publishing past government statements, saying it “only carried out the instructions.” A statement from the Alawite sect that has formed the core of Assad's base called on young Syrians to be “calm, rational and prudent and not to be dragged into what tears apart the unity of our country.” The rebels mainly come from the Sunni Muslim majority in Syria, which also has sizable Druze, Christian and Kurdish communities. In Qamishli in the northeast, a Kurdish man slapped a statue of the late leader Hafez Assad with his shoe. Syrian Prime Minister Mohammed Ghazi Jalali said the government was ready to “extend its hand” to the opposition and turn its functions over to a transitional government. A video shared on Syrian opposition media showed armed men escorting him from his office and to the Four Seasons hotel on Sunday. Rami Abdurrahman of the Syrian Observatory for Human Rights told The Associated Press that Assad, 59, took a flight early Sunday from Damascus. A senior diplomat from the United Arab Emirates, which had sought to rehabilitate Assad's image and has welcomed high-profile exiles in recent years, declined to comment on his whereabouts. Anwar Gargash said Assad's destination at this point is a “footnote in history,” comparing it to the long exile of German Kaiser Wilhelm II after World War I. The rebel advances since Nov. 27 were the largest in recent years, and saw the cities of Aleppo, Hama and Homs fall within days as the Syrian army melted away. Russia, Iran and Lebanon's Hezbollah militant group, which provided crucial support to Assad throughout the uprising, abandoned him as they reeled from other conflicts. The end of Assad’s rule was a major blow to Iran and its allies, already weakened by conflict with Israel . Iran, which had strongly backed him throughout the civil war, said Syrians should decide their future “without destructive, coercive, foreign intervention.” The Iranian Embassy in Damascus was ransacked after apparently having been abandoned. Prime Minister Benjamin Netanyahu meanwhile said Israeli troops had seized a buffer zone in the Golan Heights established in 1974, saying it was to protect Israeli residents after Syrian troops abandoned positions. Israel's military later warned residents of five southern Syria communities to stay home for their safety, and didn’t respond to questions. Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied, and the Arab League on Sunday condemned what it called Israel’s efforts to take advantage of Assad’s downfall occupy more territory. The rebels are led by the Hayat Tahrir al-Sham group, or HTS , which has its origins in al-Qaida and is considered a terrorist organization by the United States and the United Nations. Al-Golani, has sought to recast the group as a moderate and tolerant force. “Golani has made history and sparked hope among millions of Syrians," said Dareen Khalifa, a senior adviser with the International Crisis Group. "But he and the rebels now face a formidable challenge ahead.” The U.N.’s special envoy for Syria, Geir Pedersen, called Saturday for urgent talks in Geneva to ensure an “orderly political transition.” The Gulf nation of Qatar, a key regional mediator, hosted an emergency meeting of foreign ministers and top officials from eight countries with interests in Syria late Saturday. They included Iran, Saudi Arabia, Russia and Turkey. Majed al-Ansari, Qatar’s Foreign Ministry spokesman, said they agreed on the need “to engage all parties on the ground," including the HTS, and that the main concern is “stability and safe transition.” Sewell reported from Beirut. Associated Press writers Bassem Mroue, Sarah El Deeb and Kareem Chehayeb in Beirut; Samar Kassaballi, Omar Sanadiki and Ghaith Alsayed in Damascus; Jon Gambrell in Manama, Bahrain; Josef Federman in Doha, Qatar; and Tia Goldenberg in Jerusalem, contributed.
Nokia Corporation Stock Exchange Release 5 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 05.12.2024 Espoo, Finland - On 5 December 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia's Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million. Total cost of transactions executed on 5 December 2024 was EUR 3,522,558. After the disclosed transactions, Nokia Corporation holds 209,905,127 treasury shares. Details of transactions are included as an appendix to this announcement. On behalf of Nokia Corporation BofA Securities Europe SA About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today - and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: [email protected] Maria Vaismaa, Global Head of External Communications Nokia Investor Relations Phone: +358 40 803 4080 Email: [email protected] Attachment Daily Report 2024-12-05Perma-Pipe International Holdings, Inc. Announces Third Quarter Financial Results
Pawar unable to digest defeat: BJP
ATLANTA, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Bitcoin Depot Inc. ("Bitcoin Depot" or the "Company") BTM , a U.S.-based Bitcoin ATM ("BTM") operator and leading fintech company, today celebrates a landmark moment in the cryptocurrency as Bitcoin surpasses its all-time price peak of $100,000. This industry milestone reflects growing global confidence in Bitcoin as a financial asset and highlights the increasing demand for accessible crypto solutions. "Bitcoin reaching $100,000 is an example of its resilience, staying power, and growing role in the financial ecosystem," said Brandon Mintz, CEO and founder of Bitcoin Depot. "This moment shows the growing trust millions place in Bitcoin and further establishes Bitcoin Depot's commitment of 'Bringing Bitcoin to the Masses ® ' by providing secure, user-friendly access points that bridge traditional finance and the digital economy." 2024 has been a defining period for the crypto industry, marked by significant advancements such as the U.S. Securities and Exchange Commission's approval of the first Bitcoin spot ETFs and continued growing institutional adoption. These achievements, coupled with increased regulatory clarity and rising global interest in Bitcoin, further demonstrate cryptocurrency's expanding role in the financial landscape. Bitcoin Depot, with over 8,300 Bitcoin ATM kiosks deployed across North America and Puerto Rico, has cemented itself as a key player in facilitating crypto adoption. As the largest BTM operator in North America, the Company has built significant momentum in the last year, marked by key milestones such as bringing its BDCheckout Program to six new states, expanding into Puerto Rico , and introducing strategic retail partnerships with multiple major convenience and grocery store retailers. "Bitcoin's momentum is driving new users to enter the market, and many are choosing BTMs for secure and convenient access to cryptocurrency," said Scott Buchanan, COO of Bitcoin Depot. "At Bitcoin Depot, we've always believed in providing everyone with easy access to Bitcoin, and as we grow, our focus remains on delivering a simple and reliable way to buy Bitcoin quickly and securely. This is just the beginning for the cryptocurrency industry and Bitcoin Depot as a leading provider." Bitcoin Depot BTMs are designed to provide a seamless user experience, allowing customers to quickly convert cash into Bitcoin and access the broader digital financial system for payments, transfers, remittances, and investments. About Bitcoin Depot Bitcoin Depot Inc. BTM was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with approximately 8,486 kiosk locations as of December 05, 2024. Learn more at www.bitcoindepot.com . Cautionary Note Regarding Forward-Looking Statements This press release and any oral statements made in connection herewith include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, the anticipated effects of the Amendment, and the closing of the Preferred Sale. These forward-looking statements are based on management's current beliefs, based on currently available information, as to the outcome and timing of future events. 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These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change. We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement. Contacts: Investors Cody Slach Gateway Group, Inc. 949-574-3860 BTM@gateway-grp.com Media Brenlyn Motlagh, Ryan Deloney Gateway Group, Inc. 949-574-3860 BTM@gateway-grp.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NoneThe black and whites reached their fourth consecutive triumph in the great atmosphere of the "Belgrade Arena", which welcomed the current European champions. There were also fans of the visiting team in the stands who caused minor problems before the start, but in the end, it was the host who took the victory on the field. The key part of the game was the end of the first half when Vanja Marinković scored three three-pointers and turned the score in favor of Partizan. After the match, Panathinaikos coach Ergin Ataman had some inappropriate comments, while Željko Obradović expressed his pride in the performance of his players. Frank Nilikina warned his teammates that the fourth victory in a row must not make them overconfident, while Carlik Jones was especially pleased that the entire New Belgrade hall chanted "MVP, MVP". You could follow the match live via our blog. Podeli:
FS Credit Opportunities Corp. (FSCO) Declares Distribution for December 2024Building trades union gives Service to Labor Awards, donates toys to needy kids
BOISE, Idaho — Freshman wide receiver George Dimopoulos threw a 25-yard touchdown pass to Dane Pardridge on the first play of double overtime and Jordan Hansen ended the game on a fourth-down sack to give Northern Illinois a 28-20 victory over Fresno State on Monday in the Idaho Potato Bowl. Dimopoulos, who played quarterback in high school, also converted the two-point conversion when he passed it to quarterback Josh Holst for his second completion of the season. Holst, a freshman walk-on, was making just his third start at quarterback as NIU was without starter Ethan Hampton, who entered with 1,600 yards and 12 touchdowns to go with six interceptions. Holst completed 18 of 30 passes for 182 and two touchdowns for Northern Illinois (8-5). He was also intercepted on the first play of the game. Both teams missed a 35-yard field goal in the final three minutes of regulation, including Dylan Lynch's third miss of the game on the final play to send it to overtime. Fresno State started overtime with a touchdown when Bryson Donelson was left wide open out of the backfield to haul in a 9-yard touchdown pass. NIU needed five plays, and a defensive holding penalty, to score as Holst found Grayson Barnes for a 3-yard touchdown. Donelson finished with 15 carries for 82 yards and a touchdown for Fresno State (6-7). He added three catches for 28 yards and another score. Dual-threat quarterback Joshua Wood was 16 of 23 for 180 yards and a touchdown. Mac Dalena made six catches for 118 yards to help go over 1,000 yards for the season. Fresno State was without 14 players, including starting quarterback Mikey Keene after he transferred to Michigan. Two top-three receivers, Jalen Moss and Raylen Sharpe, also did not play as the Bulldogs were forced to use five new starters. UTSA 44, COASTAL CAROLINA 15: Owen McCown threw for 254 yards and a touchdown and UTSA scored the opening 27 points of the Myrtle Beach Bowl to cruise past short-handed Coastal Carolina in Conway, S.C. UTSA (7-6) broke away in the second quarter by scoring a touchdown on three straight drives for a 21-0 lead. McCown was 14 of 17 in the first half, including a 6-yard touchdown pass to Patrick Overmyer. McCown also scored on a 35-yard run after breaking two tackles near the end zone. The other score was a 9-yard touchdown run by Brandon High. Coastal Carolina (6-7) finished the first half with just 140 total yards — 60 coming on the final drive. The Chanticleers punted on five straight drives to begin the game — with the longest possession lasting seven plays for 25 yards. UTSA added short field goals on its opening two drives of the second half, while Coastal Carolina started with two straight three-and-out drives. UTSA ended CCU’s third drive on Jakevian Rodgers’ first career interception to extend the program's single-game streak with an interception and a sack to 23 games. CCU’s first touchdown came on the first play of the fourth quarter when Bryson Graves caught a 50-yard touchdown pass from Tad Hudson. But UTSA’s Chris Carpenter returned the ensuing kickoff for a 93-yard touchdown to make it 34-7. It was the largest margin of victory in the five-year history of the Myrtle Beach Bowl. Get local news delivered to your inbox!Authored by Mike Shedlock via MishTalk.com, Chicago mayor Brandon Johnson stepped to new lows when his hand-picked board fired Chicago Public Schools (CPS) CEO Pedro Martinez without cause. Austin Berg at the Illinois Policy Institute Explains on X . Chicago Mayor Brandon Johnson’s hand-picked school board just voted unanimously to fire Chicago Public Schools CEO Pedro Martinez without cause. Johnson and the Chicago Teachers Union (CTU) have been pushing for months to oust Martinez following his refusal to back Johnson’s demand for a $300M high-interest loan to pay for a new CTU contract. The CTU is Johnson’s largest campaign funder and former employer. Aldeman Silvana Tabares made a very important point in public comment before the board vote. CTU takes in more than $30M a year. But it spends just 17 cents of every dollar on teacher representation. The rest goes toward administration, politics and other leadership priorities. The contract with CPS is what fuels their political machine. The bigger the contract, the more money CTU can give to Johnson and his allies . As background to this story, Johnson’s initial cohort of appointed board members resigned unanimously in November when Johnson told them to fire CPS CEO Pedro Martinez. Johnson sought to terminate Martinez because Martinez didn’t support Johnson’s push to take out a high-interest loan to cover CPS’ $300 million shortfall. Please note the CTU proposal includes annual raises of 10-12 percent after factoring in cost-of-living adjustments. And the union demands 13,000 new positions despite falling school enrollment. The CPS leaders say this would push the district’s deficit to $4 billion by 2029. That nearly half of the entire budget. When Johnson demanded his own appointed board go along with this proposal, they all resigned instead. Johnson’s new handpicked board then voted to fire, without cause, Chicago Public Schools CEO Pedro Martinez. When fired without cause, CPS leader Martinez can stay on for 6 months. To get around Martinez in the interim, mayor Johnson proposes a deputy CPS leader, a position that does not even exist. A national political reporter visiting Chicago to cover preparations for the Democratic National Convention asked Austin Berg “What do you think people outside Chicago don’t understand about Brandon Johnson’s administration?” Berge gave his 3-Part Answer on X. 1️⃣ The Chicago Teachers Union dictates the mayor’s priorities and allocation of political capital. They are by far the most powerful political actor in city government right now, which means the administration fixates on the demands of a small base of far-left activists. This explains things like the cancellation of ShotSpotter despite community support, the mayor casting the tie-breaking vote on a ceasefire resolution, attacking selective enrollment schools, defending the most radical members of city council despite their horrific behavior, hostility toward ethics reform, and banning schools from hiring cops as security officers. Watch the @illinoispolicy documentary “ Local 1: The Rise of America’s Most Powerful Teachers Union ” for the best account of this. 2️⃣ Because of No. 1, the administration is staffed by a relatively large number of people with little to no executive experience, including the mayor himself. This explains a wide range of unforced errors: trying to build a migrant tent camp on toxic land, losing the “mansion tax” referendum, announcing an unpopular proposal for a publicly funded Chicago Bears stadium that was immediately dead on arrival in Springfield, ghosting the Sun-Times editorial board after they refused to hold an off the record conversation, and over/underpaying thousands of Chicago government employees due to clerical errors. 3️⃣ You could elect Mother Teresa or Pericles to be mayor of Chicago and they would still have a difficult time fixing the city’s problems. That’s in large part because we’re the only major city among the top 10 in the U.S. lacking a city charter. This means there are no constitutional checks and balances on authority. No thoughtful delegation of power. And little democracy on issues of citywide importance. This explains why the Council and the Mayor can’t agree on who really has authority over the ShotSpotter deal, why the Chicago Police Department is in compliance with just 6% of the federal consent decree and thus lacks community trust, why City Council is not able to provide a meaningful check on the mayor’s budgeting and forecasting, why Chicago alone holds more pension debt than 44 U.S. states , and why the mayor can sign major deals (Lollapalooza, NASCAR) behind closed doors with no oversight. The best account of this is “The New Chicago Way: Lessons from Other Big Cities” which compares Chicago’s governance structure to other major cities and offers a comprehensive solution set. You can buy the book or listen to our podcast mini-series at http://newchicagoway.com . DM me if you can’t afford a copy and I’ll send you one. Last year the Ethical Humanist Society of Chicago asked Berg to give a talk about the state of the city. He discussed Chicago history, the city’s problems, solutions, and the main findings in his video “ The New Chicago Way. ” Please note the CTU Has a Long History of Anti-Parent Actions . The Chicago Teachers Union is the enemy of parents’ rights. It’s efforts to unionize charter schools, push them to the brink of closure and then take them over as typical public schools bears this out. Step 1: Unionize. In January 2018 – the same year Acero’s unionized employees merged with CTU – former CTU President Jesse Sharkey explicitly admitted his motivation to “ undermine further charter expansion,” using tactics such as unionizing and merging charter schools into CTU. Step 2: Undermine . Later that year, CTU employed its go-to tactic in leading Acero’s teachers out on strike, marking the first charter school strike in the nation and cancelling class for the 7,000 students at the 15 schools. Step 3: Absorb. After Acero announced schools were closing, current CTU president Stacy Davis Gates claimed she wanted to “save” them by absorbing them into CPS. The school board followed her directive on Dec. 20 and did just that. Now those charters will no longer exist. The district’s budget is about $10 billion. It’s up nearly 30% increase in five years while serving fewer students. By 2029 or 2030, the deficit is projected to be $4 billion per year on a $10 billion budget. The city is broke. Johnson is the most corrupt mayor in the nation. And the CTU is the most corrupt union in the nation. It is a one-two punch with unfortunate kids held hostage for the benefit of leaders who belong in jail. I can’t help but think Johnson will eventually find jail because history suggests these corrupt politicians eventually get there. Meanwhile, the lives of hundreds of thousands of innocent kids are destroyed in a worst in the nation public school system. On November 25, I asked When Do Mayor Brandon Johnson and the City of Chicago Finally Implode? Chicago slashed 2,103 public safety job but added 184 administrators. The budget deficit is nearly $1 billion. I am openly rooting for Chicago and the entire pension system of Illinois to implode. That sounds harsh bit it isn’t. There will be no reform until crisis hits, and the sooner the better because those currently collecting unwarranted massive pensions are bleeding the pension funds dry. The sooner the collapse, the more pension money will be saved for the average Joe. Meanwhile, please note that In Chicago There’s Under a 50 Percent Chance Police Show Up If You are Shot Good luck in Chicago getting the police to show up if you are shot, stabbed, a victim of domestic violence, or any number of other serious crimes. But hey, Chicago hired 179 new community services administrators. How’s that working for you?
T. Rowe Price Stock Hits 52-Week High at $122.27
Sunday, December 22, 2024 Tanzania’s government has reaffirmed its commitment to advancing the country’s natural resources and tourism sector, recognizing its pivotal role in the nation’s economy. Officials have emphasized that ongoing strategies are designed to fortify this sector, fostering competition, innovation, and sustainability. These efforts are anticipated to not only elevate Tanzania’s global tourism profile but also serve as a model for other nations with similar aspirations. Tourism’s Role in Tanzania’s Economy The natural resources and tourism sector has been described as a cornerstone of Tanzania’s national economy. This multifaceted industry contributes significantly to the country’s GDP, with tourism alone accounting for 17.2%, while forestry and beekeeping add an additional 4.3%. Collectively, these activities constitute 21.5% of the GDP. Moreover, the sector has become a major source of foreign exchange earnings, generating 30.9% of the country’s total. Tourism is the dominant contributor, responsible for 25%, while forestry and beekeeping add a further 5.9%. These figures underscore the sector’s indispensable role in Tanzania’s economic stability and growth. Record-Breaking Growth in Tourist Arrivals and Revenue Tanzania has experienced remarkable growth in international tourism over the past two years. Between 2021 and 2023, the number of international tourist arrivals surged by 96%, climbing from 922,692 to 1,808,205. This dramatic increase highlights the country’s rising appeal among global travelers. Revenue from international tourism has also seen substantial growth, increasing by 68.2% during the same period. Earnings rose from $2 billion in 2021 to $3.4 billion in 2023, a testament to the success of targeted marketing campaigns and the country’s enhanced tourism infrastructure. Strategies to Promote Sustainable Tourism Authorities have emphasized the importance of sustainability in the development of Tanzania’s tourism sector. The Ministry of Natural Resources and Tourism has been directed to establish transparent criteria for recognizing excellence in conservation and tourism. These criteria aim to reward stakeholders who excel in areas such as environmental preservation, wildlife management, and the development of sustainable tourism destinations. Advanced technologies are being adopted to enhance conservation efforts and improve the tourism experience. Additionally, the expansion of programs like Tanzania – The Royal Tour and the introduction of new tourism products are expected to attract more visitors and generate increased revenue. Collaborative Efforts Behind Tanzania’s Success The government has acknowledged the vital contributions of both public and private sectors, as well as international organizations and local communities, in driving the growth of tourism and conservation efforts. This collaborative approach has been credited with the sector’s recent successes, highlighting the importance of partnerships in achieving shared goals. Officials have called for continued cooperation among all stakeholders to ensure the sustainability of these achievements. Preserving Tanzania’s unique cultural and natural heritage is seen as essential to maintaining the sector’s momentum while safeguarding the country’s identity for future generations. Impacts on the Global Travel Industry The rapid development of Tanzania’s tourism sector is expected to have far-reaching implications for the global travel industry. By setting a high standard for sustainability and collaboration, Tanzania is positioning itself as a leader in eco-tourism and cultural heritage preservation. For international travelers, these developments offer a unique opportunity to experience Tanzania’s rich diversity, from its iconic wildlife and stunning landscapes to its vibrant culture and history. The country’s improved infrastructure and innovative tourism offerings make it an increasingly attractive destination for adventurers, families, and luxury travelers alike. Key Points for the Travel Industry A Model for Tourism Development Tanzania’s focus on innovation, sustainability, and collaboration sets a precedent for other countries aiming to enhance their tourism sectors. By combining modern technologies with a commitment to preserving its natural and cultural heritage, Tanzania is ensuring that its tourism industry remains a robust driver of economic growth.