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AP Trending SummaryBrief at 11:43 p.m. ESTSEOUL, South Korea (AP) — In an era of rising authoritarianism, at the heels of a six-hour martial law decree that unfolded while many South Koreans slept, something noteworthy happened: Democracy held. The past week in Seoul, officials and academics warn, is what a threat to democracy looks like in 2024. It's a democratically-elected president declaring martial law over the nation he leads, asserting sweeping powers to prevent opposition demonstrations, ban political parties and control the media. It's members of the military attempting to block lawmakers from exercising their power to vote on cancelling the power grab. And here's what it took to defeat President Yoon Suk Yeol 's lurch toward government by force: Unified popular support for democracy. Legislators storming the National Assembly past midnight, live-streaming themselves climbing over fences. A politician grabbing at a soldier's rifle and yelling “Aren't you ashamed?” until he retreated. And finally, decisively, Parliament assembling a quorum and voting unanimously to cancel martial law. It was a victory for a hard-won democracy — and for the idea that checks and balances among branches of government must work to counteract each other's ambitions, as the American founders wrote in the Federalist Papers in 1788. But as the drama played out in Seoul, the scaffolding of democracy rattled around the world. In other countries, the grab for power might have worked. Other would-be authoritarians might have been better prepared than Yoon. In deeply polarized societies — the United States, for example, where Republicans are staunchly loyal to president-elect Donald Trump — there might not have been decisive support from the public or the opposition. The military might have used force. And the members of the legislature might not have voted as one to snuff out the attempted takeover. “President Yoon's attempt to declare martial law reveals the fragility of the rule of law in divided societies, especially those with governments in which the chief executive cannot be easily dismissed by the legislature," said Tom Pepinsky, a government professor at Cornell University who studies backsliding among democracies in Southeast Asia. Notably, he said in an email, “No members of President Yoon’s own party were willing to defend his actions in public." Nevertheless, Yoon’s surprise attempt to impose martial law revealed both the fragility and resilience of the country’s democratic system. Within three hours of his stunning announcement to impose military rule — claiming the opposition was “paralyzing” state affairs — 190 lawmakers voted to cancel his actions. In so doing, they demonstrated the strength of the country’s democratic checks and balances. Yoon’s authoritarian push, carried out by hundreds of heavily armed troops with Blackhawk helicopters and armored vehicles sent to the National Assembly, harked back to an era of dictatorial presidents. The country’s democratic transition in the late 1980s came after years of massive protests by millions that eventually overcame violent suppressions by military rulers. Civilian presence was again crucial in shaping the events following Yoon’s late night television announcement on Tuesday. Thousands of people flocked to the National Assembly, shouting slogans for martial law to be lifted and Yoon to step down from power. There were no reports of violent clashes as troops and police officers. “We restored democracy without having a single casualty this time,” said Seol Dong-hoon, a sociology professor at South Korea’s Jeonbuk National University. It’s virtually impossible for any leader of a democracy to pull off a transition toward martial law without a public willing to support it, or at least tolerate it. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, attracted millions of views as he began live-streaming his journey to the National Assembly, pleading for people to converge to the parliament to help lawmakers get inside. The shaky footage later shows him exiting his car climbing over a fence to get onto the grounds. The vote at the National Assembly was also broadcast live on the YouTube channel of Assembly Speaker Woo Won Shik, who also had to scale a fence to get in. Yoon’s sense of crisis clearly wasn’t shared by the public, whose opinions, Seol said, were shaped predominantly by the shocking videos broadcast to their devices. “Ultimately, democracy is all about moving public opinion,” he said. “What was most crucial in this case was that everything was broadcast live on smartphones, YouTube and countless other media.” Opposition lawmakers are now pushing to remove Yoon from office, saying he failed to meet the constitutional requirement that martial law should only be considered in wartime or a comparable severe crisis — and that he unlawfully deployed troops to the National Assembly. On Saturday, an opposition-led impeachment motion failed after most lawmakers from Yoon’s party boycotted the vote. Yet the president’s troubles persist: The vote’s defeat is expected to intensify nationwide protests and deepen South Korea’s political turmoil, with opposition parties preparing to introduce another impeachment motion when parliament reconvenes next Wednesday. Han Sang-hie, a law professor at Seoul’s Konkuk University, said the martial law debacle highlights what he sees as the most crucial flaw of South Korea’s democracy: that it places too much power in the hands of the president, which is easily abused and often goes unchecked. Political scientists call what happened in South Korea an “autogolpe” — a “self-coup” — defined as one led by incumbent leaders themselves, in which an executive takes or sponsors illegal actions against others in the government. Yoon qualifies because he used troops to try to shut down South Korea's legislature. Self-coups are increasing, with a third of the 46 since 1945 occurring in the past decade, according to a study by researchers from Carnegie Mellon University and Penn State University. About 80% of self-coups succeed, they reported. In 2021, a power grab by Tunisian President Kais Saied raised similar concerns around the world after the country designed a democracy from scratch and won a Nobel Peace Prize after a largely bloodless revolution. In the United States, some have expresed worry about similar situations arising during the second administration of Donald Trump. He has vowed, after all, to shake some of democracy's pillars . He's mused that he would be justified if he decided to pursue “the termination of all rules, regulations, and articles, even those found in the Constitution.” That’s in contrast to the oath of office he took in 2017, and will again next year, to “preserve, protect and defend the Constitution” as best he can. Nearly half of voters in the Nov. 5 election, which Trump won, said they were “very concerned” that another Trump presidency would bring the U.S. closer to authoritarianism, according to AP Votecast survey data. Asked before a live audience on Fox News Channel in 2023 to assure Americans that he would not abuse power or use the presidency to seek retribution against anyone, Trump replied, “except for day one," when he'll close the border and “drill, drill, drill.” After that, Trump said, "I'm not a dictator.” Kellman reported from London.None
GOKONGWEI-LED RL Commercial REIT, Inc. (RCR) said it is focusing on central business districts (CBDs), emerging business districts, and key locations nationwide as potential areas to expand its property portfolio. “RCR’s principal investment strategy is to invest on a long-term basis in a diversified portfolio of income-producing real estate assets located in major CBDs, key locations, and urban areas across the country,” the company said in a stock exchange disclosure on Friday. “The potential property should be located in a CBD, emerging business district, or in key locations across the Philippines, typically with high-growth potential and in proximity to various modes of public transport and major roads for enhanced accessibility to tenants,” it added. RCR is the real estate investment trust (REIT) unit of Robinsons Land Corp. (RLC). As of end-September, RCR’s portfolio consists of 29 commercial properties, of which six are located in the Bonifacio Global City, Makati, and Ortigas CBDs. The remaining 23 assets are situated in 15 locations across the country. RCR said the average occupancy of its leases is at 96% as of end-September, with “manageable lease expiries until 2027.” Some of the properties under RCR’s portfolio include the 45-storey Robinsons Equitable Tower in Pasig City, the 37-storey Robinsons Summit Center in Makati City, the 28-storey Giga Tower in Quezon City, and the 20-storey Cyber Sigma building in Taguig City. RLC previously infused 13 commercial assets worth P33.9 billion into RCR as part of expanding the latter’s portfolio. The Securities and Exchange Commission approved the transaction on Sept. 19. The deal brought RCR’s gross leasable area to 828,000 square meters. For the first nine months, RCR saw a 32% increase in net income to P4.27 billion as revenue climbed by 42% to P5.84 billion due to its asset infusion and steady occupancy rates. On Dec. 6, RCR shares dropped by 0.51% or three centavos to P5.90 apiece, while RLC stocks rose by 0.73% or 10 centavos to P13.78 each. — Revin Mikhael D. Ochave
Rockefeller Capital Management L.P. lessened its stake in shares of Dollar General Co. ( NYSE:DG – Free Report ) by 28.0% in the third quarter, Holdings Channel.com reports. The fund owned 17,889 shares of the company’s stock after selling 6,973 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dollar General were worth $1,532,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after acquiring an additional 8,388,735 shares during the period. Baupost Group LLC MA acquired a new stake in Dollar General during the 3rd quarter valued at $194,832,000. Point72 Asset Management L.P. lifted its holdings in shares of Dollar General by 148.6% in the second quarter. Point72 Asset Management L.P. now owns 1,280,020 shares of the company’s stock valued at $169,257,000 after purchasing an additional 765,206 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Dollar General by 319.6% in the second quarter. The Manufacturers Life Insurance Company now owns 925,083 shares of the company’s stock worth $122,324,000 after buying an additional 704,639 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Dollar General during the second quarter valued at $55,986,000. 91.77% of the stock is owned by institutional investors. Wall Street Analyst Weigh In A number of equities research analysts have commented on the company. Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Telsey Advisory Group decreased their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a report on Monday, December 2nd. HSBC dropped their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Jefferies Financial Group decreased their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Evercore ISI dropped their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.27. Insider Activity In other news, Director Warren F. Bryant purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the acquisition, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. The trade was a 2.44 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link . Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here . 0.49% of the stock is owned by company insiders. Dollar General Price Performance NYSE DG opened at $81.59 on Friday. Dollar General Co. has a 1 year low of $72.12 and a 1 year high of $168.07. The company has a fifty day simple moving average of $79.52 and a 200 day simple moving average of $103.60. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market cap of $17.94 billion, a P/E ratio of 13.44, a P/E/G ratio of 2.33 and a beta of 0.44. Dollar General ( NYSE:DG – Get Free Report ) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The firm had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. On average, sell-side analysts predict that Dollar General Co. will post 5.78 EPS for the current year. Dollar General Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.89%. Dollar General’s dividend payout ratio (DPR) is presently 38.88%. Dollar General Profile ( Free Report ) Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine. See Also Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. ( NYSE:DG – Free Report ). Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter .The Washington Commanders made the Dallas Cowboys look like the Baltimore Ravens in Sunday’s 34-26 loss. Kicker Austin Seibert, who had provided perfect stability to Washington’s kicking game, missed a point after the Commanders went the distance to bring the game to a tie in the last seconds of Sunday’s game. In a game where no one could find a touchdown in three quarters, both teams combined to score 41 points in the fourth quarter in what will be one of the heart-wrenching games in Northwest Stadium history. Commanders quarterback Jayden Daniels threw for 275 yards with two touchdowns, along with a pair of interceptions. Running back Austin Ekeler carried Sunday’s run game with nine for only 22 yards. Wide receiver Terry McLaurin caught five for 102 yards and one touchdown. In a week where the Pittsburgh Steelers, who lead the AFC North, lost to the Cleveland Browns, ranked last in that same division, Sunday’s loss came just as shocking. It was also a reunion for Commanders head coach Dan Quinn, who served as the Cowboys’ defensive coordinator for three years. On Sunday, however, he would watch his defense falter, and the Dallas defense would own the day. Cowboys quarterback Cooper Rush threw for 247 yards and two touchdowns. Receiver CeeDee Lamb caught ten for 67 yards. Commanders’ Ugly First Half: All Defense, No Conversions The Commanders punted three times in the first half , along with a missed 51-yarder by a returning Seibert . He finished the first half 1-1, making from 41 yards early in the first. The Cowboys had a blocked field goal, a missed field goal, and a fumble. However, they did finish the half with one successful field goal. In addition to the Commanders’ special teams victories in the first half, there were no conversions on any of those for points. Add in the three punts and the fumble, and you’d think the Commanders could have run away with the game , but that was not the case. Daniels was on the run the entire first half, completing nine for 57 yards. The good news is he’s also back on the rush, carrying three for 25 yards. Not much, but to see Daniels carrying a few was a good sign. The past couple of weeks after his rib injury, Daniels has been very conservative on taking off with the ball but looked comfortable Sunday. Running back Brian Robinson Jr. still had the most carries in the first half with five but only rushed for 25 yards. Second Half Brings More Action, Ends In Heartbreak Daniels set the pace for the second half with a 10-play drive comprised of three good third-down conversions that resulted in a 17-yard run-in by the rookie. The Cowboys responded with a successful drive of their own, going eight plays for 80 yards to finish with a six-yard touchdown throw from Cowboys QB Cooper Rush to receiver Jalen Tolbert, putting them ahead 10-9 thanks to a missed point after by Austin Seibert, a first for him this season. This was also the Cowboys’ first touchdown in the third quarter all season. To make matters even worse for the Commanders’ apparent confusing coverage, Rush threw 22 yards over the middle to tight end Luke Schoonmake r to extend the lead 20-9 with five minutes left in the game. Commanders Stall In Fourth With 3:02 left in the fourth, Daniels orchestrated a nine-play, 69-yard drive capped off with a five-yard touchdown pass to tight end Zach Ertz to bring it within five. Daniels would scramble to make the two-point conversion to bring it within three. There was hope for a second, but that fizzled away like a Thanos snap when receiver KaVontae Turpin, on the kickoff, muffed the catch, picked it up, and returned it for 99 yards. At 1:44 left in the game, the Commanders went for a 51-yard field goal attempt, which was successful, but failed at the onside kick. After the Cowboys failed to convert on downs, the Commanders, with under a minute left in the game, Daniels went 86 yards to receiver Terry McLaurin to bring the game to yet another miracle finish at 27-26. It would have taken the extra point to coast into overtime, but Seibert, who had missed an extra point late in the third quarter, missed the extra point for a second time. The Commanders would try another onside kick, which failed and resulted in another Cowboys score, extending the lead to 34. Daniels was once again put in the same position he was in when he hurled the ball more than 60 yards for their miracle Week 8 win against the Chicago Bears but would end this time with an interception. For the Commanders, the losing streak continues. For the Cowboys , Sunday’s win broke a five-game skid for them. Final Thoughts I have no idea what happened today with the Washington offense. They took no shots downfield, Robinson was ineffective, the offensive line was overpowered, and the playcalling was horrendous. You cannot try to play four quarters of football in the last quarter of the game. This was not Seibert’s fault, but it kinda was, considering extra points are literally right there at the goalpost. Nonetheless, there was more than enough blame to go around. This was an uncalled-for loss, especially with Dak Prescott out for the season. The Cowboys beat us with a backup, and he earned it. He played his game. We didn’t play ours. This article first appeared on Total Apex Sports and was syndicated with permission.
Rockefeller Capital Management L.P. Buys Shares of 12,469 Abercrombie & Fitch Co. (NYSE:ANF)As a part of developing our network for the Gemini Cooperation, Maersk and Hapag-Lloyd reviewed all ports and terminals in our current network and concluded that London Gateway is the most optimal port to serve our customers importing/exporting cargo to/from the UK. When the Network of the Future launches in February 2025, London Gateway will replace Felixstowe on our Asia – Europe services. This strategic decision aims to enhance reliability, reach, and speed for our customers. Click here for more information. The Network of the Future is officially now open for bookings. Click here for details and scheduling information. Elsewhere, the Chinese New Year period has a significant impact on global shipping due to the sheer volume of factory closures and a sharp decline in production. In 2025, Lunar New Year officially begins on 29th January, however many businesses start their preparations early and reduce production up to three weeks in advance. Normal production levels are expected to return by the second or third week of February. Typically, businesses face a race to get cargo out of China before operations wind down and celebrations begin. Our teams are on hand to assist with your planning, should you need to ship out of China urgently. Next year, however, there remains a question as to how major an impact Chinese New Year will have on shipping due to businesses advancing cargo throughout the year in acts of ‘planned resilience’. Click here for further details on this and other key forecasting questions for supply chain leaders heading into the new year. In the US, the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) are re-entering negotiations on the Master Contract, which was extended until 15th January 2025 amid recent strike action on the east coast. Talks between the parties recently broke down over automation and semi-automation plans, and we are keeping a close eye on developments with the threat of strike action remaining possible. Should strikes go ahead, our teams will once again draw up contingency plans to minimise the impact on customers. Heading towards Christmas and New Year, customers will see an adjustment in schedules in light of adjusted terminal operating hours and reduced workforce availability in the holiday period. Our teams are working on schedule adjustments to minimise the impact to our customers. Another seasonality we normally see this time of the year is the worsening of weather conditions, with rain, strong wind, and instances of fog typically affecting the continent. In the Adriatic, terminals have already seen strong wind gust – and similar conditions can be expected across the continent at this time of the year. The north of the continent is seeing a mixed performance with terminals in Bremerhaven showing a stable performance and a healthy yard density. At the same time, terminals in Rotterdam, Antwerp, and Hamburg are seeing an increase in yard density and customers are encouraged to please clear their import units at their earliest convenience to avoid possible disruptions. Our teams across the terminals are also working on final preparations for the phase-in of the Gemini network. Maersk has taken delivery of its second Boeing 777 freighter aircraft at its hub at Billund Airport, Denmark. The new addition to the fleet will operate between Europe and China, bringing capacity, speed-to-market, and technology benefits to customers. The uncertainty surrounding new political policies in the United States of America together with Thanksgiving and Christmas peak seasons have increased demand on Europe to US air freight trade. Should tariffs from certain regions into the US come to light, businesses could advance cargo to “rush” it to US shores ahead of the official implementation and bring about capacity constraints and rate increases in early 2025. We encourage customers to reach out to a member of the team to discuss their cargo options and strategies for the new year. Global air freight demand remains strong through Q4 2024, and Europe continues to represent the largest share of import volumes across all regions. According to WorldACD market data based on over 450,000 weekly transactions in mid-November, average global spot rates are up 25% compared to 2023, with the Middle East and South Asia still at significantly high levels (+73%) and rates from Asia-Pacific up by 22%. Please click here to find helpful information about the Maersk air freight network and our services to and from Europe. In November, our teams attended Intermodal Europe in Rotterdam, Netherlands, and connected with customers and partners and discussed key trends and planning for 2025. When it comes to planning ahead for the upcoming year, here are three forecasting questions every business should ask for their supply chain. The upcoming year will also see the phase-in of our Network of the Future ocean network, that is now open for bookings. In our inland teams, preparations for the phase-in of the new network are in full swing. We are working closely with customers to understand the needs of their inland supply chains in the upcoming year, and at the same time evaluating our own network and procuring capacity through our partners. To make sure our customers are set for success in 2025, we encourage them to stay close to their usual contacts and provide their estimates for the upcoming year as soon as possible, so that our teams can secure the needed capacity along specific routes. To make sure our customers are set for success in 2025, we encourage them to stay close to their usual contacts and provide their estimates for the upcoming year as soon as possible, so that our teams can secure the needed capacity along specific routes. The implementation of tariffs around the world has made headlines of late, with some companies looking to relocate operations in order to avoid them. However, when considering this, businesses must ensure the move is economically justified beyond just escaping trade measures. Authorities will likely scrutinise such relocations, emphasising the need for genuine economic reasons to steer clear of legal and financial repercussions. If you are looking to change your duty mitigation strategy, we encourage you to reach out to your local Maersk representative. Our customs experts are on hand to provide the right tools and directives that not only reduce import duties, but also ensure compliance and the meeting of legal requirements. Elsewhere, China has implemented new regulations from 1st December 2024 on the export control of dual-use items. The newly published Export Control List outlines about 700 goods and technologies that could have civilian and military applications. Consolidated with existing export control rules, the new framework simplifies licensing, unifies controls, and tightens high-tech oversight like semiconductors and AI. Proactive compliance measures will minimise penalty risks and ensure smooth operations under the stricter regulatory framework. Effective from 13th December 2024, the EU has updated its General Product Safety Regulation (GPSR) to replace the 2001 General Product Safety Directive. It applies to all consumer goods except specific exclusions like food, medicines, living plants, pesticides, aircraft, and antiques. Importers face stricter obligations, including ensuring product safety, providing detailed labelling, and addressing unsafe goods swiftly. Customs will be key in market surveillance, checking for compliance documentation and authorised representatives. The GPSR applies to Northern Ireland, and UK retailers shipping to the EU must also comply. The sales frenzy of Black Friday has long moved across the Atlantic, and European consumers have become accustomed to sales events throughout November. Combined with Singles Day and Cyber Monday, it is estimated that online shops worldwide generate around 20% of their annual sales in November. In the EU, consumers on the western side of the continent are expected to spend the most on Black Friday sales – German consumers lead the way with an average budget of 317 euros per capita, followed by consumers in Austria and Spain, budgeting 303 and 282 euros, respectively. Delivery person loading parcels into Maersk last mile delivery van. With an increase in sales, businesses can also expect to see an increase in returns during this period – some reports suggest up to half of Black Friday purchases will be sent back. Within the EU, consumers have the right to return products within 14 days and receive a refund, regardless of return reason, provided they order from a European retailer. For businesses, this means offering convenient return options like drop-off points or home pick-ups will enhance the consumer shopping experience and set them apart from the competition. Though returns often seem to overly complicate operations of e-commerce businesses, reverse supply chains can equally be seen as another optimisation opportunity. Cost efficient returns solutions can minimise the extra logistics cost spent on returns, and fast returns lead time will allow restocking of eligible items quickly to maximize resale opportunities during the extended holiday shopping period. Source: Maersk
The curtain will soon fall on the R35-generation Nissan GT-R , as the ageing supercar-killing coupe nears retirement almost 18 years after it first broke cover. Launched in 2007, the Nissan GT-R was hailed at the time for being on par with contemporary supercars but for a fraction of the cost, further elevating the status of the GT-R nameplate which had previously been affixed to flagship performance Skylines. Despite the current model being almost old enough to vote in Australia, stories of how it came to be continue to surface – and the latest is the most bizarre yet. 100s of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now . In a post on social media platform https://x.com/trucknakanohito/status/1869339548528070671 (formerly known as Twitter), user ‘Trucknakanohito’ – also known as ‘Inside commercial vehicle manufacturers’ – wrote that 80 per cent of the GT-R’s development team were former employees from Isuzu’s passenger car division. The account added: “The former Isuzu employees were mainly in charge of transmissions and suspensions”, arguably two of the GT-R’s most impressive aspects when it launched. However, a twist to the tale was added when Kazutoshi Mizuno, chief engineer for the R35, entered the conversation, clarifying the role and background of the former Isuzu staff. “They started out in the truck division, not the passenger car division, and were virtually novices when it came to developing supercars,” Mizuno-san replied, https://x.com/KazutoshiMizuno/status/1869589855522746408. “However, thanks to strong teamwork, a determination to achieve their goals, and training and practice based on the results (facts) of the comprehensive vehicle measurement system, all of them were transformed into world-class engineers in about 1.5 years.” Regardless of the origins of the GT-R, it’s since become one of the longest-running models still in production, with the GT-R Registry reporting more than 44,000 examples have been built across its 17-year run. The Nissan GT-R was axed from Australian showrooms in November 2021, after new side-impact laws made the all-wheel drive supercar killer and a number of other models non-compliant with local regulations. In March , Nissan Japan announced 2025 updates for the R35 GT-R, saying at the time “production is limited and some orders might not be accepted”. This was followed in June by the unveiling of two sendoff special editions for the US market. It’s still yet to officially announce when GT-R production will end, but Nissan executives have hinted the end of the road is near for its flagship performance car. The Nissan Hyper Force concept at last year’s Tokyo motor show previewed the potential future of the GT-R as a 1000kW electric coupe, with reports from Japan claiming the R36 generation model will feature solid-state batteries. Nissan’s global product chief Pierre Loing told Top Gear in September that regulations will force the end of the R35 GT-R, though the next-generation model could launch as soon as 2028 provided advancements in battery development continue at current rates. He also suggested that it’s not yet clear whether the new GT-R will be an electric vehicle (EV) or a hybrid. “[...] we need to have a gap [in production between R35 and R36], because going into the electrified world, there is a lot of debate about ‘what is a GT-R in an era of electrification?’,” he said. “We don’t have all the answers yet. We are in the middle of all those debates.” MORE: Everything Nissan GT-R MORE: Nissan GT-R’s future comes into focus MORE: Nissan GT-R dies another death as electric switch looms MORE: Goodbye Godzilla: Is this the last petrol-only Nissan GT-R? MORE: Godzilla! Nissan Hyper Force is an electric GT-R in disguise
Stock Market Today: The BSE Sensex and NSE declined in morning trade on December 30, 2034. The laggards included HCL Technologies, Titan, and Power Grid. Mumbai: The BSE Sensex declined 142.26 points to 78,556.81 in early trade on December 30, 2204. The NSE Nifty dipped 48.35 points to 23,765.05. The benchmark indices declined amid unabated foreign fund outflows and weak trends in the global markets. 30 blue-chip pack laggards list Infosys Mahindra & Mahindra HCL Technologies Titan Power Grid Tech Mahindra Kotak Mahindra Bank Tata Motors Gainers included, UltraTech Cement, ITC, Adani Ports, and Zomato. According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 1,323.29 crore on December 27, 2024. In Asian markets, Hong Kong, Tokyo, and Shanghai traded lower while Seoul trading is positive. The US stock markets settled in the negative territory on Friday. Global oil benchmark Brent crude gained 0.07 per cent to USD 74.22 a barrel. The BSE benchmark gained 226.59 points to settle at 78,699.07 on Friday. The Nifty appreciated by 63.20 points or 0.27 per cent to 23,813.40. Click for more latest Markets news . Also get top headlines and latest news from India and around the world at News9. Biplob Ghosal is Online News Editor (Business) at TV9’s digital arm - News9live.com. Leading the english business editorial team, he writes on various issues related to stock markets, economy and companies. Having over a decade of experience in financial and political journalism, Biplob has been previously associated with Timesnownews.com, Zeenews. He is an alumnus of Makhanlal Chaturvedi Rashtriya Patrakarita Vishwavidyalaya. Follow him at @Biplob_ghosal.That’s exactly what Petr Yan did in his last fight at UFC Macau: Yan won by TKO and is gaining more and more votes among flyweight contenders. The Russian creature stood up; striking and grappling skills led to a unanimous decision victory, ultimately proving his strong stand in the bantamweight division. Petr Yan, who previously lost his bantamweight title to Aljamain Sterling due to a shoulder injury, now aims for the title defense and challenges Dvalishvili to bring fans the rematch. Petr Yan Shoots and Scores: Knocking Figueiredo out in the Decider Petr Yan fought with the former flyweight champion, his opponent Deiveson Figueiredo , in an entertaining match. Figueiredo fought the Russian fighter for five rounds and was badly outmatched by the fighter in a combination of stand-up and ground fighting techniques. Petr Yan was able to stay in control on the ground and suffocate Figueiredo with clean-up strikes, which was pretty diverse. At UFC 303 , Yan’s latest win was his second win in the year 2024 after defeating Song Yadong in the previous fight at UFC 299. There was no delay upon the victory roof to his head; Petr Yan immediately responded with his next plans. After the fight, he was very determined to get back to Merab Dvalishvili and take back his bantamweight belt. Petr Yan, however, brought the memory of the fans and critics to the fact that Figueiredo was heralded as the no. 1 contender in the division, and his victory was a step forward towards getting another shot at the title. Merab Dvalishvili Responds The current bantamweight champion, Merab Dvalishvili, appeared on social media to congratulate Petr Yan. Despite acknowledging the UFC Macau main event fight, Merab Dvalishvili suggested they could fight again by naming a match at UFC 313 in Las Vegas on March 8. The two fought for the last time in March 2023, when Merab Dvalishvili defeated Yan through a unanimous decision in UFC Las Vegas. That loss became a painful stretch for Petr Yan as he extended his string of losses to three and gave up his bantamweight title in a rather dubious disqualification decision against Aljamain Sterling at UFC 259. Since that period, which was difficult for Yan to carry on, he had a couple of wins in 2024. In overwhelming Figueiredo, Volkan’s fans did not just see his technical prowess, which is otherwise a marvel to behold, but also a statement about his standing in the bantamweight category. As for Dvalishvili, he has been on the rampage since his victory over Petr Yan. The Georgian standout knocked out Henry Cejudo at UFC 298 and became the bantamweight champion after a decision win over Sean O’Malley at UFC 306. Conclusion Petr Yan getting back in the bantamweight division has brought out the championship factor in him again, and with his win against Deiveson Figueiredo at the UFC in Macau, he is still a force to reckon with. This has effectively put the cat among the pigeons, with Merab Dvalishvili admitting that a rematch can be expected next year; a fight between these two top-class competitors could shape the division in 2024. It would be one of the possible fights of the year if fans are waiting for a rematch when Petr Yan wants to prove himself and Merab Dvalishvili wants to continue his dominance . This article first appeared on Total Apex Sports and was syndicated with permission.
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