All posts tagged: approval

Russia’s Putin gives Rostelecom approval to buy Nokia out of joint venture

Russia’s Putin gives Rostelecom approval to buy Nokia out of joint venture

[ad_1] :Russian President Vladimir Putin authorised a subsidiary of telecoms firm Rostelecom on Wednesday to buy Nokia Solutions and Networks’ stake in a software joint venture between the companies, according to a decree. Finland’s Nokia said in April 2022 that it would exit the Russian market after Moscow despatched troops to Ukraine in February 2022. In a statement, Rostelecom said that its previous business model had become impossible after Nokia left the Russian market. “The transaction will be completed shortly,” Rostelecom said. “Other details are not being disclosed.” [ad_2] Source link

Sam Altman-Backed Nuclear Company Wins Shareholder Approval For NYSE Listing

Sam Altman-Backed Nuclear Company Wins Shareholder Approval For NYSE Listing

[ad_1] Sam Altman, CEO of Open AI and the man who’s name has basically become synonymous with AI, has won investor approval for his latest project, nuclear company Oklo, which is set to list on the NYSE Friday via a SPAC . The company, which trades as ALCC until then will debut under the symbol OKLO at the end of the week. Altman is chairman of the company, which will design and deploying advanced fission power plants to provide the clean and affordable energy needed to power the flood of data centers popping up around the nation as part of the AI revolution. The company will finalize its deal with AltC Acquisition Corporation today. The merger with AltC, a SPAC backed by Altman and Michael Klein, valued Oklo at $850 million when announced in July. As was announced in a press release yesterday:  AltC stockholders voted to approve the business combination between AltC and Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company. Almost 100% of the votes cast at the …

US ahead of China in global leadership approval

US ahead of China in global leadership approval

[ad_1] Global approval of U.S. leadership is higher than China’s, according to a Gallup analysis Monday. The report says that although more countries have a higher net support for U.S. leadership, global support for both the U.S. and China decreased in 2023. The report also specifies that while the U.S. beats China in global leadership approval, support fluctuates depending on who’s leading. Gallup data over nearly 20 years shows that Democratic leadership tends to yield higher global support than Republican leadership. Out of 133 countries surveyed in 2023, the U.S. maintained an advantage in 81 of them, and China in 52. The U.S. held the biggest advantage in Kosovo while China enjoyed the largest advantage in Russia. Having an advantage in approval for leadership is important for a country’s ability to exert influence, Gallup says in the report. “Holding other factors constant, the great power that has a net approval advantage in a country of interest may have a better chance to realize its objectives.” The report also says that the net approval score “offers …

Fidelity: Pension Funds Exploring Bitcoin Investments On ETF Approval

Fidelity: Pension Funds Exploring Bitcoin Investments On ETF Approval

[ad_1] Authored by Vivek Sun via Bitcoin Magazine, Fidelity, a major financial services firm, says pension funds are starting to explore investing in Bitcoin, particularly after the approval of spot Bitcoin exchange-traded funds earlier this year… Fidelity has been bullish on Bitcoin for years, launching its Digital Assets branch in 2018 and bringing a successful Bitcoin ETF to market earlier this year. The firm’s ETF attracted significant capital compared to competitors. Now, Fidelity’s VP of Digital Assets Manuel Nordeste says the company is engaging with major pension funds and other institutional investors about allocating to Bitcoin. Speaking at a recent event, Nordeste stated: “Now, we’re starting to have conversations with the larger, real money institutional investor types, and we’re getting some of those clients, as well as corporates and so on.” His comments come after BlackRock also mentioned yesterday having educational conversations with pension funds regarding Bitcoin ETFs. Recent 13F filings show major pension consultants have already purchased spot Bitcoin ETFs. This mounting evidence indicates serious diligence is underway about allowing pension investments in Bitcoin vehicles like ETFs.  With over $4 trillion in capital, U.S. …

Oxfordshire’s Owen Mumford targets net zero by 2045 with independent approval

Oxfordshire’s Owen Mumford targets net zero by 2045 with independent approval

[ad_1] The Science Based Targets initiative (SBTi) has approved the near-team emissions reduction targets of medical manufacturer Owen Mumford. The Oxfordshire firm has committed to achieve net zero greenhouse gas (GHG) emissions across the value chain by 2045. It’s also pledged to reduce absolute scope 1, 2 and 3 GHG emissions 42 per cent by 2030, starting from the 2022 financial year. Scope 1 encompasses direct GHG emissions from sources either owned or controlled by an organisation. Scope 2 includes indirect GHG emissions from the generation of electricity, heat, or steam purchased and consumed by an organisation. Scope 3 stretches to all other indirect GHG emissions throughout the value chain, including the transportation of goods, extraction and production of purchased goods and materials. Downstream, this also accounts for the use and disposal of products sold by an organisation. Achieving net zero emissions by 2045 will put Owen Mumford five years ahead of the UK government’s 2050 target. As a manufacturer and distributor of mostly single-use medical devices, the company has taken a holistic approach to …

Annual Member Survey Shows Record Levels of Approval

Annual Member Survey Shows Record Levels of Approval

[ad_1] The present incarnation of the Academy of Motion Picture Arts and Sciences has received a ringing endorsement from its members, according to the results of an annual member survey shared by the Academy with its members on Tuesday, The Hollywood Reporter has learned. Eighty-seven percent of members have a positive feeling about the Academy and 84 percent of members gave the most recent Oscars telecast a positive rating, levels of approval never before attained in the history of the survey (which was previously conducted in 2020, 2022 and 2023, and which was conducted this year in the immediate aftermath of the Oscars). To some degree, these results may be reflective of a period of relative calm for the Academy after years of drama — from #OscarsSoWhite to Envelopegate to “The Slap Heard Round the World,” not to mention a global pandemic and an industry-wide strike. But beyond the general “feelings” questions, the data suggests that members are also satisfied with the specific operations and mission of the Academy. For instance, members seem aligned with the …

Worst In 70 Years: Biden Approval Rating Absolutely Dismal

Worst In 70 Years: Biden Approval Rating Absolutely Dismal

[ad_1] President Joe Biden has the worst job approval rating since Eisenhower during his recently completed 13th quarter in office, according to a new poll by Gallup. While Biden clocks in at 38.7%, the previous low was set by George H.W. Bush at 41.8% in 1992. Donald Trump and Barack Obama averaged 46.8% and 45.9% respectively during the same point in their presidencies. Prior to Bush, Jimmy Carter is the only other president with a sub-50% average in his 13th quarter. Richard Nixon, Ronald Reagan, Bill Clinton and George W. Bush averaged between 51% and 55% approval in their 13th quarters, while Dwight Eisenhower had the highest average for a president during his 13th month at 73.2%. What’s more, Biden’s most recent approval rating places him 277 out of 314 presidential quarters in Gallup history dating back to 1945, placing him in the bottom 12% of all presidential quarters. Biden’s score is technically the lowest of his presidency, which has been dragging in the low 40% range since Q4 of his term. Put another way: …

Swiggy, the Indian food delivery giant, seeks .25 billion in IPO after receiving shareholder approval

Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval

[ad_1] Swiggy plans to raise $1.25 billion in an initial public offering and has secured approval from its shareholders, the Indian food delivery and instant commerce startup disclosed in a filing to the local regulator. The Bengaluru-headquartered startup, which competes with publicly-listed Zomato and StepStone Group-backed unicorn Zepto, plans to raise $450 million through issuance of new shares and offer $800 million of shares from existing backers in the IPO, it wrote in a filing to the Ministry of Corporate Affairs. The Indian startup ecosystem has been eagerly anticipating Swiggy’s public debut, which is slated for later this year. Swiggy counts Prosus, Accel, SoftBank and Invesco among its backers. It was last valued at $10.7 billion in a funding round unveiled in early 2022. Some of its investors, including Invesco and Baron, have since publicly marked up the valuation of Swiggy to over $12 billion. Zomato topped $20 billion in market cap earlier this month. Swiggy had earlier intended to go public in 2023, TechCrunch previously reported, but deferred the plan due to not-so-favorable market …

Kroger, Albertsons announce plans to sell hundreds more stores to gain merger approval

Kroger, Albertsons announce plans to sell hundreds more stores to gain merger approval

[ad_1] Kroger was dealt a big blow in February when, 16 months after the company first announced plans to acquire its competitor Albertsons, the Federal Trade Commission and eight states sued to block the $25 billion merger between two of the country’s largest supermarket chains.  The FTC asserted that the deal would eliminate the “fierce competition between Kroger and Albertsons,” which consumer groups worried would lead to higher grocery prices and union job losses during a time of sustained food inflation. “In some regions, such as in Denver, the combined Kroger/Albertsons would be the only employer of union grocery labor. Union grocery workers’ ability to leverage the threat of a boycott or strike to negotiate better CBA terms would also be weakened,” the FTC said in a press release.  At the time, Kroger responded by saying that the “only winners if this merger is blocked will be larger, non-unionized retailers who will continue to fight union growth,” a message Albertsons leadership underscored.  “If the Federal Trade Commission is successful in blocking this merger, it would …

Humanists UK Condemns Rwanda’s Blasphemy Laws Amid Immigration Bill Approval

Humanists UK Condemns Rwanda’s Blasphemy Laws Amid Immigration Bill Approval

[ad_1] The Safety of Rwanda (Asylum and Immigration) Bill finally passed through parliament last night after weeks of parliamentary ping-pong, despite the fact that Rwanda’s blasphemy laws raise significant human rights concerns for the non-religious and religious minorities. The legislation passed last night asserts Rwanda as a ‘safe country’ overriding a Supreme Court ruling against this fact. Humanists UK has repeatedly raised concerns about Rwanda’s blasphemy laws where individuals accused of blasphemy can face imprisonment and/or fines.  Humanists UK is deeply concerned about the wider human rights implications of the bill, especially considering we have seen first-hand by working with humanist asylum seekers who have been persecuted because of their beliefs, the difficulties they face. Those who have left high control religions (often referred to as apostates) and who are claiming asylum on this basis are particularly vulnerable to being subject to blasphemy laws as they risk being accused of blasphemy when making their asylum claim and/or after resettlement when expressing their beliefs and living authentically. At their Annual General meeting in 2022 members of …