2008 elections results

Source: Reuters Global steel giant ArcelorMittal has posted a 93.54 per cent fall in its net income to USD 261 million for the fourth quarter ended December 31 on account of lower sales. The Luxembourg-based company had posted a net income of USD 4,045 million in the year-ago period. In a statement, ArcelorMittal said it has "recorded a net income in 4Q 2022 of USD 261 million compared to...USD 4,045 million for 4Q 2021. Adjusted net income was USD 1,189 million compared to USD 3,827 million for 4Q 2021". Its steel production fell to 13.2 MT from 16.5 MT a year ago. The total steel shipments in 4Q 2022 stood at 12.6 MT, 19.9 per cent lower from 15.8 MT in the October-December period of 2021, reflecting the significantly lower demand due to destocking. Read More Sales in 4Q 2022 at USD 16.9 billion were also 18.8 per cent down compared to USD 20.8 billion for 4Q 2021, primarily due to lower average steel selling prices and lower steel shipment volumes. … [Read more...] about ArcelorMittal Q4 net income declines 93% to $261 million

Share to Twitter Share to Linkedin Topline: Less than three weeks after President Trump signed the historic CARES Act into law, it’s clear that the $2 trillion-plus emergency rescue spending plan won’t be enough to prop up the economy during the coronavirus crisis, and lawmakers are already preparing to pass another stimulus package. Here’s where things stand: Democratic leaders in the House and Senate are pushing for the quick passage of an interim emergency bill worth $500 billion to tide the economy over before the passage of a more extensive “CARES 2 Act,” but Republican aides have said a CARES follow-up is unlikely to happen before the end of the month; the GOP wants time to assess the results of the original CARES Act, according to The Hill . Meanwhile, Senate Majority Leader Mitch McConnell has said the Senate will vote on a different stopgap measure this Thursday: $250 billion in additional funding for the Paycheck … [Read more...] about Here’s Where Lawmakers Stand On The ‘Phase Four’ Stimulus Bill

Agencies Istanbul, Turkey   ● Thu, February 9, 2023 2023-02-09 13:31 0 d5259e4d93052b0e76bee70b050e2342 2 Middle East and Africa Turkey,Syria,earthquake,disaster,Recep-Tayyip-Erdogan,election Free The death toll from a huge earthquake that hit Turkey and Syria climbed to more than 16,000 on Thursday, as rescuers raced to reach survivors stuck under rubble in freezing weather. Officials and medics said 12,873 people had died in Turkey and 3,162 in Syria from Monday's 7.8-magnitude tremor, bringing the confirmed total to 16,035. Turkish President Tayyip Erdogan, who contests an election in May , said on a visit to the disaster zone on Wednesday that operations were now working normally and promised no one would be left homeless. Across a swathe of southern Turkey, people sought temporary shelter and food in freezing winter weather, and waited in anguish by piles of rubble where family and friends might still lie buried. The confirmed death toll … [Read more...] about Death toll rises to over 16,000 in Turkey, Syria quake

Index provider MSCI has said it will review the free-float status of Adani Group-linked stocks and their eligibility in its indexes. “MSCI has received feedback from a range of market participants concerning the eligibility and free-float determination of specific securities associated with the Adani Group for the MSCI Global Investable Market Indexes (GIMI),” it said on February 8. “Any changes in the review affecting the calculations of the Indian conglomerate’s free float will be announced and implemented along with the index’s February review, due on February 9.” A decision by MSCI to reduce the number of free-floating shares of Adani companies is likely to negatively impact the stocks. Adani Group stocks fell on February 9, triggered by news of MSCI’s review. The freefall of the conglomerate’s stocks had subsided in the past couple of days following the recent rout after the Hindenburg report. Also Read: Adani Group shares fall following MSCI's review of its free … [Read more...] about MC Explains | The case of MSCI’s review of Adani Group stocks

In the consolidated results notes, Ambuja Cements said the Rs 140-crore exceptional item includes a charge of Rs 11.1 crore towards special incentive for certain key employees pursuant to change in ownership and control. One-time expenses for special incentives to key employees and information technology (IT) transition costs show up as exceptional items in Ambuja Cements' December 2022 quarter financial results. The company on February 7 reported its first financial results post one full quarter of operations under the new Adani management. For the quarter, Ambuja Cements reported exceptional items of Rs 140 crore at the consolidated level, a one-time outgo related to the change in ownership and control. In September, the Adani group took over ownership of ACC-Ambuja Cements from LafargeHolcim, making Adani Cements the second largest cement manufacturer in the country. In the consolidated results notes, Ambuja Cements said the Rs 140-crore exceptional item includes a … [Read more...] about Ownership change-related employee incentives costs, IT costs in Ambuja Cements’ exceptional items for Q3

Users in the trial cities were able to order takeaway by accessing an option added to ByteDance's Douyin channels. Representative Image (Source: Reuters) Chinese technology giant ByteDance is purportedly testing a type of food delivery service in China via its short video app Douyin, which is the Chinese version of TikTok, CNBC reported on February 8. It is also considering extending the service beyond the trial. The move can potentially pit the company against major e-commerce companies like Alibaba and Meituan. According to the report, a Douyin spokesperson said that the company has been “testing a feature in Beijing, Shanghai, and Chengdu that enables merchants to promote and sell ‘group-buying’ packages to Douyin users in these select cities and have them delivered.” "We would consider expanding the feature to more cities in the future depending on the testing results. There is no detailed timeline yet,” a Douyin spokesperson told CNBC . Most often, restaurant … [Read more...] about ByteDance reportedly testing food delivery service via its Chinese version of TikTok

Representative image. Unilever Plc said that consumers may buy fewer of its products this year as shoppers balk at price increases on items like Dove soap and Hellmann’s mayonnaise. Volumes will drop in the first half and it’s too early to predict if they might recover in the second, the company said Thursday. Unilever reported its weakest operating margin in at least seven years and forecast a €1.5 billion ($1.6 billion) increase in raw material costs in the first half. Unilever will keep raising its pricing as it has only passed off three-quarters of its higher costs onto consumers, Chief Executive Officer Alan Jope said in a Bloomberg TV interview. “We are now probably past peak inflation, but we’re not yet at peak prices,” he said. Hein Schumacher, set to replace Jope in July, will be under pressure to boost growth and make the company more efficient. Unilever’s shares have lagged behind those of Nestle SA and Procter & Gamble Co., and activist Nelson Peltz last … [Read more...] about Unilever sees consumer backlash worsening on inflation

Google unveiled 'Bard' - an AI conversation service to take on ChatGPT. Google on Wednesday announced a slew of features powered by Artificial Intelligence (AI), but a mistake in an ad caused its share price to tank. The search engine giant is rushing into the space after the bot ChatGPT caught the imagination of web users around the world with its ability to generate essays, speeches and even exam papers in seconds. Microsoft has announced a multibillion-dollar partnership with ChatGPT maker OpenAI and unveiled new products on Tuesday, while Google tried to steal the march a day earlier by announcing its "Bard" alternative. The bots are quickly being integrated into search engines and Google is battling to preserve its two-decade dominance of the web search industry. But astronomers on Twitter quickly noticed that Google's Bard had given out an error in an ad on Twitter touting its new technology. Read More In the ad, the bot was asked about what to … [Read more...] about Google’s AI chatbot ‘Bard’ offered incorrect information in company ad

The new chat-engine wars are underway, with Microsoft announcing its long-awaited integration of OpenAI’s ChatGPT bot into Bing while Google published a blog post about its own chatbot for search, called Bard. Here’s something you don’t see every day: Microsoft Corp. is serving up a snazzy web search tool. And Google, whose search page has barely changed in 24 years, is also racing to launch a just-as-cool revamped tool in the next few weeks. It seems that officially, the new chat-engine wars are underway, with Microsoft on Tuesday announcing its long-awaited integration of OpenAI’s ChatGPT bot into Bing and calling it a “copilot for the web.” Google published a blog post hours earlier about its own chatbot for search, called Bard. For Google in particular, it could be the riskiest strategic move it has made in years, a metaphorical leap off the couch that the company has been relaxing on for far too long. Update : Google is already grappling with chatbot accuracy problems … [Read more...] about Artificial? Yes. Intelligent? Maybe: The great AI chatbot race

Generative AI blurs the line between human-produced and AI-proposed content. (Representational image) ChatGPT, like the 90s character Vicki from "Small Wonder," uses AI to process and convert information into knowledge. While offering great opportunities, it also has potential harm, making regulation crucial to minimise risk. Inaccuracy, Biased Outcomes AI is prone to biased outcomes. Generative AI as a predictive tool is trained using a massive amount of data to provide a human-like response and critical thinking. However, there is less clarity on the integrity, quality, and diversity of the data used for training their language models. The premise of using past datasets to predict future outcomes is concerning, as these applications will be prone to reproduce the same mistakes and patterns in future, causing real-life implications for humans. For instance, training data of ChatGPT goes only until 2021, and if any individual has exercised their right to be forgotten … [Read more...] about Regulation of generative AI like ChatGPT and Bard mustn’t hinder their growth