HoonSmart.com The SEC asks shareholders of “World Corporation” (WYD) to study the information and exercise their voting rights at the Extraordinary General Meeting of Shareholders on 7 May 2024 in the case of seeking approval for WORLD to commit to transaction Sale of ordinary shares of “World Industrial Estate” (WIE) to related persons of NauticAWT Ltd. (NAUTIC), while the independent financial adviser considers that the price is not appropriate. The conditions for the transaction may be tight, with BYD losing control and the right to receive dividends from WIE, considering that there is no need to do the transaction. Therefore, shareholders should not approve the transaction.
The Securities and Exchange Commission (SEC) requests that the shareholders of World Corporation (WORLD) study the information and exercise their voting rights at the Special General Meeting of Shareholders on May 7, 2024 should WORLD seek approval Undertaken to transaction to sell 48.99 per cent of the ordinary shares of WIE (a subsidiary of BYD which holds 100 per cent of the shares) to NAUTIC, a company listed on the Catalyst market of Singapore Stock NAUTIC is considered a person who’ n linked to BYD because of its common shareholders together
NAUTIC will pay the value of WIE’s ordinary shares by issuing 52,692,140 new NAUTIC ordinary shares,
Tourism: 2024 Will Be The Year Of Morocco…
Tourism: 2024 will be the year of Morocco in Spain and Portugal
Madrid – On the sidelines of the International Tourism Fair (Fitur), currently being held in Madrid, the Moroccan National Tourism Office (ONMT) signed two partnerships, one with the Spanish Confederation of Travel Agencies -CEAV- and the other with the Portuguese Association of Travel and Tourism Agencies -APAVT-.
The objective is to make 2024 the year of Morocco with the two institutions with an annual action plan which will affect more than 5,000 members of each confederation in all Spanish and Portuguese territories, indicates Sunday, the ONMT in a press release.
These operations will also make it possible to improve the perception of Morocco and to raise awareness of the Kingdom, its rich cultural heritage, its tourist destinations, its gastronomy and all the innovations that can enrich the offer to tour operators, as well as to facilitate a environment conducive to exchange between Moroccan tourism professionals and Spanish and Portuguese distributors, adds the same source.
The Portuguese group GEA also presented Adel El Fakir, general director of ONMT, with the trophy for “Best International Destination” for the Portuguese market, the press release concludes.
Berkshire Hathaways Dramatic Sale Of Apple Stake And…
Berkshire Hathaway’s Dramatic Sale of Apple Stake and Record-Breaking Profits – Warren Buffett’s Latest Moves
The value of Berkshire’s stake in Apple fell 22% to 5.4 billion as of March 31 from 4.3 billion at the end of 2023, even though the iPhone maker’s share price fell just 11% in the quarter.
“Berkshire continues to benefit from attractive yields on short-term investments and large cash balances,” Edward Jones analyst James Shanahan said in a research note.
At Berkshire’s annual meeting on Saturday, Buffett assured shareholders that “unless something dramatic happens that really changes capital allocation, we will have Apple as our largest investment.”
Buffett’s company also posted a record operating profit exceeding billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.
Buffett’s Legacy
First-quarter operating profit rose 39% to .22 billion, or about ,807 per Class A share, from .07 billion a year earlier.
An accounting rule requires Berkshire to report those gains with its financial results. Buffett urges investors to ignore the resulting volatility.
OMAHA, Neb. (Reuters) – Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter,
Research At The Service Of The Digital Transition
2024-05-04 08:03:26
“More than ever, the future of the regions depends on digital technology,” declared Marie-Eve Proulx, then Minister Delegate for Regional Economic Development, in a press release in 2021. The government launched its Digital Transformation Offensive (OTN) to accelerate the digital shift of businesses in all regions of Quebec. Encouraged by major investments, although this transformation now seems well underway, the work is far from finished. But two new tools have now been added to the arsenal of Quebec companies: university centers dedicated to technological innovation.
“Many were concerned to see that our companies were not making the leap to robotization,” observes Jonathan Gaudreault, director of the Lab-Usine at Laval University. “This is explained because here we produce small series. We don’t have many factories that do the same thing every day for 10 years. These are more personalized orders, the production is different every week. »
This is how, he believes, our companies have stood out in the face of globalization. The problem, however, is that this personalization prevents many Quebec entrepreneurs from taking the next step in the digital transition.
Launched at the beginning of April, the Lab-Usine, a mixed research unit (UMR) on innovative manufacturing systems,
WATER AND ELECTRICITY The CEO Of Jirama Faces…
The new CEO of Jirama, Ron Weiss, with some of the company’s thinking heads.
Appointed by the council of ministers on Thursday to head the National Water and Electricity Company (Jirama), Ron Weiss, the new director general of Jirama, was quick to act. He met yesterday with the staff of this company to define the actions to be taken in order to turn the company around.
Recovery. This will surely be the leitmotif within the National Water and Electricity Company. The new general director of Jirama, Ron Weiss, indicated that the revival of this company will be focused on the energy transition. The challenges that now await Jirama number one are numerous; nevertheless, the information given during this meeting between Ron Weiss, the Minister of Energy and Jirama staff suggests the extent of the work that awaits.
It intends to contribute to the energy transition, in particular by participating in the various projects currently underway in the energy field. Among these are the construction of the Volobe and Sahofika hydroelectric dams, currently on standby. For the moment, the appropriate solution defined as “priority” by the State remains the establishment of thirty-six solar parks across forty-seven districts.
Trkiye Interrupts Trade With Israel Due To Worsening…
MEXICO CITY (France24).- The Turkish Government announced this Thursday that it will no longer allow exports or imports with Israel until the entry of humanitarian aid to Gaza is guaranteed.
On the other hand, with the plan on the table, Hamas is weighing its position, which it promised to communicate in the first days of next week and will send a delegation to Egypt “soon” to continue ceasefire talks. While the resolution, which Israel insists would only be provisional, is delayed, its Army continues attacks against the Palestinian enclave, where the death toll now amounts to at least 34,596 people.
Meanwhile, US Secretary of State Antony Blinken warned Israeli Prime Minister Benjamin Netanyahu that a ground incursion into Rafah, in southern Gaza, as planned, would block the normalization of relations with Saudi Arabia. .
A possible end to hostilities in the Middle East is in the air, with the expectation of what Hamas’s decision will be regarding the latest ceasefire proposal it received after rounds of negotiations in Egypt.
An official from the Islamist group assured EFE that the movement will respond to Israel’s truce offer “at the beginning of next week.”
Additionally,
Dogecoin Price Rises By 20 Percent, But Experts…
#Dogecoin #price #rises #percent #experts #warn #risks
Dogecoin (DOGE) is in a period of intense volatility. After a significant decline of around 45% from its peak in March, the coin has recently experienced a sharp increase in value, boosted by an upswing in the entire crypto market.
At the same time, a decline in open interest has raised concerns about the future prospects of this popular meme coin.
Rapid Drop in Open Interest for Dogecoin
Open interest refers to the number of contracts for financial assets such as shares, bonds or crypto options that have not yet been closed or settled. Recently, the open interest for Dogecoin according to data from the blockchain analysis platform CoinGlass dropped drastically.
Within a week, it has fallen by 66.5%, from a high of $1.87 billion to around $600 million. This decline, which started in April, continued into May.
A decrease in open interest indicates a reduction in the total number of outstanding contracts for certain financial assets, which often indicates declining interest or involvement from traders and investors. Historically, a drop in open interest can cause downward price pressure on the asset in question,
Manufacturing Orders Fall Again In April For The…
Mexico City. Manufacturing activity in Mexico fell in April, for the second consecutive month, revealed the National Institute of Statistics and Geography (Inegi).
At the end of April 2024, the Manufacturing Orders Indicator (MPI), which allows us to know the expectations and perception of business managers about the behavior of the manufacturing sector, stood at 51.7 points, thus remaining above the threshold of 50 points (which means entering an expansion zone), for the third consecutive month.
Thus, manufacturing orders presented a monthly drop of 1.0 points, the second contraction after four previous months of increases. Meanwhile, compared to April 2023, it registered a drop of 1.0 points, the first after two positive readings.
Within the WPI, the most pronounced monthly falls occurred in the areas of the expected volume of orders and inventory of inputs, with 4.1 and 2.0 points, while in their annual reading they reported a fall of 0.8 points and 4.4 units in April.
The expected levels of total employed personnel fell 0.4 units; The expected delivery of inputs by suppliers decreased 0.3 points in April compared to March. In its annual measurement, it decreased 1.3 points and advanced 2.3 units,
Egypt: 60 Billion Local Pounds In Treasury Bills…
by: Tommaso Meo | May 2, 2024
The Central Bank of Egypt (CBE) will auction 60 billion Egyptian pounds in treasury bills ($1.25 billion), in coordination with the local Finance Ministry, according to a statement from the Egyptian lender on own website.
The auction will be divided into two tranches: 30 billion pounds of bonds that can be subscribed by 30 July and another 30 until 28 January 2025.
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