A New Multiyear Partnership Between Discount Tire and Elite Clubs National LeagueOTTAWA — NDP Leader Jagmeet Singh says his party will not support a Liberal plan to give Canadians a GST holiday and $250 unless the government expands eligibility for the cheques, saying the rebate leaves out “the most vulnerable.” The Liberals announced a plan last week to cut the federal sales tax on a raft of items like toys and restaurant meals for two months, and to give $250 to more than 18.7 million Canadians in the spring. Speaking after a Canadian Labour Congress event in Ottawa, Singh says he’s open to passing the GST legislation, but the rebate needs to include seniors, students, people who are on disability benefits and those who were not able to work last year. Singh says he initially supported the idea because he thought the rebate cheques would go to anyone who earned under $150,000 last year. But the so-called working Canadians rebate will be sent to those who had an income, leaving out people Singh says need the help. The government intends to include the measures in the fall economic statement, which has not yet been introduced in the House of Commons. The proposed GST holiday would begin in mid-December, lasting for two months. It would remove the GST on prepared foods at grocery stores, some alcoholic drinks, children’s clothes and toys, Christmas trees, restaurant meals, books, video games and physical newspapers. A privilege debate has held up all government business in the House since late September, with the Conservatives pledging to continue a filibuster until the government hands over unredacted documents related to misspending at a green technology fund. The NDP said last week they had agreed to pause the privilege debate in order to pass the legislation to usher in the GST holiday. Singh said Tuesday that unless there are changes to the proposed legislation, he will not support pausing the debate. The Bloc Québécois is also pushing for the rebates to be sent to seniors and retirees.Banks rely on core tech to handle the basics: transactions, deposits, loans and more. But the kicker is that most of these systems were built decades ago. As in 1980, not 2010. Back then, “digital transformation” through the lens of a financial institution (FI) meant upgrading from a typewriter to a green-screened PC. But with the news that cloud-based core banking vendor Mambu has acquired Paris-based banking aggregation and payment automation platform Numeral , observers are hoping that the payments and banking sectors may be charting a new course: one that leads directly to the cloud. “Payments are at the heart of how companies do business around the world, yet they remain trapped in systems designed decades ago, unfit for the ongoing instant payments revolution. This is a problem that Mambu intimately understands having helped banks and financial institutions worldwide to migrate from rigid, traditional core systems to agile and adaptable cloud infrastructure,” Édouard Mandon , co-founder and CEO at Numeral, said in a release . Banks and payment providers are grappling with rapid changes in consumer expectations, competitive pressures from FinTech disruptors and an unrelenting pace of regulatory evolution. Customers, including businesses, now demand seamless, real-time digital experiences, from peer-to-peer transactions to embedded financial services. Meanwhile, the rise of real-time payment systems like FedNow® Service and TCH’s RTP® Network , as well as the growing adoption of other innovations, have further increased the urgency for modernization. While estimates show that between 83% to 91% of banks are now operating in the cloud, that still means that up to 17% of banks, and their key end-users, are potentially left operating without the scalability and integration capabilities necessary to compete. Read more: Making Sense of the Great ERP System Cloud Migration Why Core Tech Is Overdue for an Upgrade Banks can’t just slap on a shiny mobile app and call it a day. Without upgrading their core infrastructure, they are likely to keep falling behind. Legacy systems are not only expensive to maintain but often lack the agility required to meet the demands of a rapidly evolving marketplace. These systems were designed in an era before real-time payments, cloud computing and AI-powered analytics became critical components of financial infrastructure. “It’s an interesting time in the in banking and the payments industry,” said Michael Lozanoff , managing director, global head of merchant services for J.P. Morgan Payments , to PYMNTS. “Many of the systems we ran for decades have reached their shelf life . And one of the things we have done is learn from the past so we can build for the future. We have the unique opportunity to reinvent (banking infrastructure) and build it new — as if we started from scratch. As a result, that may require you to take really large systems and break them down into smaller pieces. Doing this allows you to then really understand which capabilities need to be the most scalable, resilient and fastest and figure out how to distribute them across the globe.” The payments and banking sectors are no longer competing only with each other but with the tech giants and FinTechs that are unencumbered by legacy systems. “It’s becoming an imperative to improve the operational efficiency at these legacy banks and be more responsive to client needs and industry trends,” Galileo Head of Product Strategy Michael Haney told PYMNTS. “As an ex-banker, I witnessed the dichotomy, where banks invested heavily in digital front-end solutions while their back-end systems lagged behind. This created a disconnect, limiting their ability to innovate rapidly.” Read more : How APIs Bridge Modern and Legacy B2B Payment Architectures The Power of Data in Payments Modernization PYMNTS Intelligence has found that in the era of digital and hyper-personalization, traditional FIs must look beyond offering one-size-fits-all solutions to compete with their FinTech rivals. Composable banking presents a viable solution , enabling FIs to mix and match services for a more agile banking infrastructure. While modular infrastructure addresses the “how” of payments modernization, the “why” is increasingly tied to data. For AWS Head of Payments Mark Smith , the ability to manage and extract value from large datasets is one of the most exciting aspects of payments modernization. “Payments are chock-full of data, and payment companies are continuing to find new and innovative ways to use that data,” he told PYMNTS. “The intersection of cloud and payments will provide faster, more reliable and more secure payments, with a lot more automation.” Real-time analytics, fraud detection and personalized customer experiences are just a few examples of how cloud-powered data management is helping to transform the industry. As the industry reinvents itself, collaboration between traditional banks, FinTechs and technology giants will be crucial. “Historically, it was just banks competing with banks. But increasingly, FinTechs and other disruptive entrants are leveraging solutions ... innovations and competitive offerings ... which can be costly and complex for banks to quickly stand up,” William Artingstall , global co-head of cross-border payments and receivables at Citi , told PYMNTS.
The Education City Arabic Lecture Series hosted Dr Hassan Ali al-Nimah, writer and poet, in a panel discussion held by Qatar Foundation titled “How does cultural heritage contribute to building advanced societies?” This session highlighted cultural heritage as a fundamental pillar of social progress, and the importance of empowering young people to preserve this heritage in order to build a promising future. Dr Hassan Ali al-Nimah stressed that: “There is no alternative for this generation to reading, and there is no way to acquire knowledge and science except through exerting effort.” The effort and hardship suffered by previous generations is nothing compared to the opportunities available to the current generation, which must seize them to acquire knowledge and science in order to build a brighter future for themselves, he said. Addressing the youth, Dr Hassan Ali al-Nimah said, “Today, you have good opportunities that are different from those that were available in our past,” adding, “It is important that these opportunities be a starting point for the youth to build from, and to draw from what they like of the heritage of Arab, cultural, Islamic and human thought as well. Our Arab nation has contributed greatly to the world heritage. These days are giving us opportunities to learn about the heritage of humanity. It is more appropriate and worthy to draw from these tributaries and add to them.” He continued, “These are our traces that guide us, so look after us.” He explained the importance of the young generation being eager for knowledge, saying, “The new generation is to be blamed, and it is their duty to draw from knowledge.” Commenting on the impact of digital and technological development on the acquisition of knowledge among young people, Dr Hassan Ali al-Nimah said: “It is true that technological developments have occurred rapidly, but we must subject this technological development to the benefit of science and culture. This development should not be a distraction, but rather a reason for acquiring science and culture.” He pointed out that “there is no excuse for the new generations to acquire and benefit from knowledge,” stressing that “the new generation is to blame, and it is their duty to read, then read, and read, in order to acquire and establish thoughts.” During this session, which was moderated by Mohammed al-Janahi, Director of the Primary Stage at Al Awsaj Academy, affiliated with Pre-University Education, Dr Hassan Ali al-Nimah addressed the impact of economic development on social progress, the importance of preserving cultural heritage over the years, and the necessity of adhering to this heritage, saying: “There have been very significant changes in the process of social development in Qatar. Naturally, like what happened in other Gulf countries, these changes represented a shift in the ways of life since the pearl extraction stage, then the drought and material hardship that the region witnessed, up to the stage of oil extraction, and with it the economic recovery that brought rapid changes in people’s lives. “These changes have brought about a major social shift in people’s lives in terms of ideas, emotions and lifestyles, which are different from what they were in the past. However, adherence to the best values is still present, visible and commendable,” he added, stressing that “material development is merciless towards any other values, because values change in societies in conjunction with material developments,” stressing the importance of adhering to constants at every stage of social progress in the future. Regarding the role of youth in building their future from constants amidst the changes sweeping the region, Dr Hassan Ali al-Nimah concluded: “I am one of those who believe, and we all do, in the fact that we are part of the Arab Islamic nation, and that what pleases it pleases us, and what harms it harms us. No matter how volatile the whims may be, the fate we will meet will be the same no matter how different the paths are.” He added: “This is a fact. We have no room to be exploited, neglected, or believe that we are immune from the fate of our nation. The nation must realise that the grudges that occur among its members are the work of those who expect us to fail and disappoint along the way. Therefore, the youth must adhere to our Arab and Islamic constants.”Murdoch loses 'Succession' battle for son's control of media empire: reportBREAKING: B.C. NDP and B.C. Greens sign 'stable governance' agreement
Home | SATAWU says new leadership should address workers’ challenges The South African Transport and Allied Workers Union (SATAWU) says its incoming leadership should develop a programme that will address the challenges faced by workers in the transport, security and cleaning services sectors. The union is holding its 6th National Congress in Bloemfontein, Free State. The three-day conference will discuss issues like the non-payment of salaries of members who work for private companies, as well as the privatisation of state entities by the government. Delegates have also slammed the decision by the African National Congress (ANC) to unilaterally enter into a Government of National Unity (GNU). ANC Secretary General Fikile Mbalula says they have to explain to alliance partners who are still not persuaded, that the GNU was the best possible solution to the election outcome. “Our message to SATAWU is to clarify most of the misconceptions about the formation of the GNU and to outline the strategic perspective of the ANC. Because it will be incorrect to continually spread the message that GNU was of our making, it is a tactical...that came as a result of low performance of the ANC in the elections.” SATAWU General Secretary Jack Mazibuko says, “We are worried about the posture that the government is taking to invite the private sector into the entity on the basis that the entity is not performing if you look at finances of Transnet, they told that they’ve lost significant amount of money, they did not make a profit and we are worried about the fact that even the people that are invited to rescue state-owned companies we don’t believe they have necessary capacity to do so and we have been seeing policies like white papers which have been given out which are not giving a clear direction as to how workers jobs will be safeguarded.” SABC © 20243 things to consider before you start investing
China probes Nvidia for 'violating' anti-monopoly lawSANTA ANA, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI) ("TTM”), a leading global manufacturer of technology solutions including mission systems, radio frequency ("RF”) components and RF microwave/microelectronic assemblies and printed circuit boards ("PCB”s) has expanded its Radio Frequency and Specialty Components ("RF&S") product offering by releasing a family of components supporting telecom band n104, an emerging band extension for 5.5G applications. This release includes 18 new balun transformers, hybrid couplers, power dividers, RF crossovers, and terminations. These new products deliver superior performance and are an exceptionally effective overall cost solution with industry-standard Xinger® brand reliability. They have been specifically designed for needs in the 6.4 - 7.2 GHz band. For more information on the availability or to find a stocking distributor, please visit ttm.com. About TTM TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, radio frequency ("RF”) components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards ("PCB”s). TTM stands for time-to-market, representing how TTM's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com. Contacts: Vice President, Corporate Marketing TTM Technologies, Inc. +852 22722287 / +1 714 327 3000 [email protected] Technical Inquiries Mark Bowyer Director, Business Development, RF&S BU TTM Technologies, Inc. +1 315 278 5420 [email protected] Vice President, Corporate Development & Investor Relations TTM Technologies, Inc. +1 714 327 3050 [email protected]Lewandowski joins Ronaldo and Messi in the Champions League century club with goal No. 100
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