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Cheating on your spouse is no longer a crime in New York, with the repeal of a little-known 1907 lawThe Bharatiya Janata Party (BJP) released a white paper on Friday, in which it accused the Aam Aadmi Party-led government of not carrying out “basic developmental works” in northeast Delhi, and intensified its attack on the ruling party’s newly launched welfare schemes. Northeast Delhi parliamentarian Manoj Tiwari claimed that the AAP government has not taken steps to fix issues related to drinking water, drainage, roads and the public transport system in the segment. There are 10 assembly constituencies in northeast Delhi, and BJP is in power in three of them. “Despite the consistent efforts of the BJP’s three MLAs, the Kejriwal government deliberately hindered expected development even in their constituencies. Constituencies like Burari, Timarpur, Mustafabad, Seelampur, Babarpur, Gokalpur, and Seemapuri face shortages of drinking water, drainage issues, broken roads, and a lack of public toilets in slum areas. The AAP government is responsible for the poor transportation system but it has been misleading the public with schemes like ‘Sanjeevani’ and ‘Mahila Samman Yojana’ which do not even exist as confirmed by the government’s departments,” Tiwari said at a press conference held at his office in Yamuna Vihar and attended by local BJP MLAs. The charges are a part of the BJP’s intensified campaign against the ruling AAP ahead of the 2025 assembly elections in which the opposition party seeking to oust the Atishi-led government from power. As opposed to the AAP, Tiwari said that the BJP, if it comes to power in the polls, will repair “major roads like Sonia Vihar Pusta Road, Karawal Nagar Road, Kali Ghata Road, and Gamdi Road”, and an “unbiased governance system would be established.” The BJP leader also accused Kejriwal of “politically exploiting” illegal Rohingya and Bangladeshi infiltrators who “endanger” Delhi’s law and order. The AAP responded to the allegations by saying that the Tiwari is making “fraudulent claims”. “The BJP has habilitated ‘Rohingyas’ in Delhi; Union home minister Amit Shah facilitated the entry of ‘Rohingya’, and Urban Development and Housing Minister Hardeep Puri provided them accommodation as has been admitted in his tweet dated 17.08.2022...the BJP has no agenda other than abusing Arvind Kejriwal...They have no plan for Delhi, no vision, and no credible Chief Ministerial candidate,” the AAP said in a statement.
The smartphone world is abuzz with anticipation for the next generation of flagships. While the Samsung Galaxy S25 series is still months away, whispers of the OnePlus 13 and 13R are already making waves. Could these be the devices that finally give Samsung a run for its money in the Android arena? OnePlus has a history of delivering impressive specs and performance at competitive prices, often undercutting Samsung’s premium flagships. With the rumored advancements in the OnePlus 13 series, the competition in the Android space could be fiercer than ever. We’ll delve into the expected features, performance upgrades, and potential pricing of the OnePlus 13 and 13R, analyzing how they stack up against the rumored specs of the Samsung Galaxy S25. Get ready for a head-to-head comparison that will help you decide which flagship might reign supreme in 2024. OnePlus 13 and 13R: What We Know So Far While official details are scarce, leaks and rumors provide a glimpse into what the OnePlus 13 and 13R might offer. Here’s a breakdown: Taking on the Galaxy S25: Key Battlegrounds The Samsung Galaxy S25 series is expected to be a powerhouse in its own right. Here’s how the OnePlus 13 and 13R could challenge Samsung’s dominance: My Take: OnePlus Needs More Than Just Specs I’ve been a long-time user of both OnePlus and Samsung devices. While OnePlus excels in delivering raw performance and fast charging, Samsung often has an edge in areas like software refinement, camera consistency, and overall user experience. For OnePlus to truly challenge Samsung, the 13 series needs to go beyond impressive specs. Here’s what I believe is crucial: Beyond the Flagship: The OnePlus 13R Factor The OnePlus 13R plays a crucial role in the company’s strategy. It targets a more price-sensitive segment, potentially going head-to-head with Samsung’s Galaxy S25 FE (Fan Edition). By offering a slightly toned-down version of the flagship with a more aggressive price, OnePlus can capture a wider audience. This strategy could be particularly effective in markets where price sensitivity is high. The Intrigue of Early Adoption One potential advantage for OnePlus is an earlier release date. If the 13 series launches before the Galaxy S25, it could capture early adopters and set the tone for the year’s flagship competition. However, this strategy also carries risks. If the 13 series fails to impress, it could lose momentum quickly once the S25 arrives. The Verdict: A Potential Turning Point The OnePlus 13 and 13R have the potential to be formidable contenders in the Android flagship space. With the expected advancements in performance, charging, and camera technology, they could push Samsung to innovate further and offer even more compelling devices. However, OnePlus needs to address its weaknesses in software refinement, camera consistency, and long-term support to truly challenge Samsung’s dominance. The smartphone battle of 2024 is shaping up to be an exciting one. Whether OnePlus can seize this opportunity to become a true leader remains to be seen. But one thing is certain: consumers will be the ultimate winners as these two giants push the boundaries of smartphone technology. Looking Ahead: What to Expect in the Coming Months As we get closer to the launch of the OnePlus 13 series, we can expect more concrete information to emerge. Keep an eye out for: The coming months will be crucial in determining whether the OnePlus 13 and 13R can live up to the hype and truly challenge the Samsung Galaxy S25.
Should the U.S. increase immigration levels for highly skilled workers?
Some tech industry leaders are pushing the incoming Trump administration to increase visas for highly skilled workers from other nations. Related Articles National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns National Politics | Trump has pressed for voting changes. GOP majorities in Congress will try to make that happen The heart of the argument is, for America to remain competitive, the country needs to expand the number of skilled visas it gives out. The previous Trump administration did not increase the skilled visa program, instead clamping down on visas for students and educated workers, increasing denial rates. Not everyone in corporate America thinks the skilled worker program is great. Former workers at IT company Cognizant recently won a federal class-action lawsuit that said the company favored Indian employees over Americans from 2013 to 2022. A Bloomberg investigation found Cognizant, and other similar outsourcing companies, mainly used its skilled work visas for lower-level positions. Workers alleged Cognizant preferred Indian workers because they could be paid less and were more willing to accept inconvenient or less-favorable assignments. Question: Should the U.S. increase immigration levels for highly skilled workers? Caroline Freund, UC San Diego School of Global Policy and Strategy YES: Innovation is our superpower and it relies on people. Sourcing talent from 8 billion people in the world instead of 330 million here makes sense. Nearly half our Fortune 500 companies were founded by immigrants or their children. Growing them also relies on expanding our skilled workforce. The cap on skilled-worker visas has hardly changed since the computer age started. With AI on the horizon, attracting and building talent is more important than ever. Kelly Cunningham, San Diego Institute for Economic Research YES: After years of openly allowing millions of undocumented entrants into the country, why is there controversy over legally increasing somewhat the number having desirable skills? Undocumented immigration significantly impacts lower skill level jobs and wages competing with domestic workers at every skill level. Why should special cases be made against those having higher skills? Could they just not walk across the border anyway, why make it more inconvenient to those with desirable skills? James Hamilton, UC San Diego YES: Knowledge and technology are key drivers of the U.S. economy. Students come from all over the world to learn at U.S. universities, and their spending contributed $50 billion to U.S. exports last year. Technological advantage is what keeps us ahead of the rest of the world. Highly skilled immigrants contribute much more in taxes than they receive in public benefits. The skills immigrants bring to America can make us all better off. Norm Miller, University of San Diego YES: According to Forbes, the majority of billion-dollar startups were founded by foreigners. I’ve interviewed dozens of data analysts and programmers from Berkeley, UCSD, USD and a few other schools and 75% of them are foreign. There simply are not enough American graduates to fill the AI and data mining related jobs now exploding in the U.S. If we wish to remain a competitive economy, we need highly skilled and bright immigrants to come here and stay. David Ely, San Diego State University YES: Being able to employ highly skilled workers from a larger pool of candidates would strengthen the competitiveness of U.S. companies by increasing their capacity to perform research and innovate. This would boost the country’s economic output. Skilled workers from other nations that cannot remain in the U.S. will find jobs working for foreign rivals. The demand for H-1B visas far exceeds the current cap of 85,000, demonstrating a need to modify this program. Phil Blair, Manpower YES: Every country needs skilled workers, at all levels, to grow its economy. We should take advantage of the opportunity these workers provide our employers who need these skills. It should be blended into our immigration policies allowing for both short and long term visas. Gary London, London Moeder Advisors YES: San Diego is a premiere example of how highly skilled workers from around the globe enrich a community and its regional economy. Of course Visa levels need to be increased. But let’s go further. Tie visas and immigration with a provision that those who are admitted and educated at a U.S. university be incentivized, or even required, to be employed in the U.S. in exchange for their admittance. Bob Rauch, R.A. Rauch & Associates NO: While attracting high-skilled immigrants can fill critical gaps in sectors like technology, health care and advanced manufacturing, increasing high-skilled immigration could displace American workers and drive down wages in certain industries. There are already many qualified American workers available for some of these jobs. We should balance the need for specialized skills with the impact on the domestic workforce. I believe we can begin to increase the number of visas after a careful review of abuse. Austin Neudecker, Weave Growth YES: We should expand skilled visas to drive innovation and economic growth. Individuals who perform high-skilled work in labor-restricted industries or graduate from respected colleges with relevant degrees should be prioritized for naturalization. We depend on immigration for GDP growth, tax revenue, research, and so much more. Despite the abhorrent rhetoric and curtailing of visas in the first term, I hope the incoming administration can be persuaded to enact positive changes to a clearly flawed system. Chris Van Gorder, Scripps Health YES: But it should be based upon need, not politics. There are several industries that have or could have skilled workforce shortages, especially if the next administration tightens immigration as promised and expected. Over the years, there have been nursing shortages that have been met partially by trained and skilled nurses from other countries. The physician shortage is expected to get worse in the years to come. So, this visa program may very well be needed. Jamie Moraga, Franklin Revere NO: While skilled immigration could boost our economy and competitiveness, the U.S. should prioritize developing our domestic workforce. Hiring foreign nationals in sensitive industries or government-related work, especially in advanced technology or defense, raises security concerns. A balanced approach could involve targeted increases in non-sensitive high-demand fields coupled with investment in domestic STEM education and training programs. This could address immediate needs while strengthening the long-term STEM capabilities of the American workforce. Not participating this week: Alan Gin, University of San DiegoHaney Hong, San Diego County Taxpayers AssociationRay Major, economist Have an idea for an Econometer question? Email me at phillip.molnar@sduniontribune.com . Follow me on Threads: @phillip020Palladyne AI's Red Cat Partnership: A Catalyst For Growth In Military Robotics
SHELTON, Conn. , Dec. 18, 2024 /PRNewswire/ -- William Raveis , the Inman -awarded Top Brokerage in the U.S. (2023), and the number one privately held real estate company in the Northeast, Florida , and South Carolina is proud to announce the strategic partnership with Town & Country Real Estate (T&C), a luxury brokerage serving the East End of Long Island , New York since 2005. The T&C offices will be joining forces with William Raveis' growing network of over 140 offices, and 4,500 agents from Maine to Florida . Likewise, the award-winning brokerage, William Raveis , gains a foothold within the Hamptons and The North Fork luxury real estate. T&C's founder, Judi Desiderio (CEO) and Janet Hummel (Managing Partner) will stay on as partners along with more than 150 T&C sales agents. "We're delighted to welcome Town & Country to our family company," said William, "Bill" Raveis, Jr. adding, "I've gotten to know Judi and Janet over these many months and found our business model, family culture, and entrepreneurial approach to helping the agents aligns beautifully." This year, William Raveis celebrates 50 years in business, with Bill Raveis at the helm, sons Chris and Ryan Raveis as co-presidents, and strong management support, they are on a trajectory for growth, making company acquisitions in top luxury markets along the East Coast. Chris Raveis comments, "T&C's stellar reputation for luxury service resonates with clients in the Hamptons and will elsewhere in our footprint." Judi Desiderio agrees, "Our trademark has always been our ability to pivot to the needs of buyers, sellers, and renters. This expansion through the Raveis footprint gives our associates the single best opportunity to grow their businesses and service their clients in a unique way bolstered by superior technology and support. Which is why we're excited to grow our business throughout the luxury Triangle—New York City, The Hamptons, Palm Beach , and Westchester County. Stronger together, the possibilities are endless with William Raveis ." Bill Raveis is confident in their mission. "Our expertise in luxury marketing and providing full-service offerings through William Raveis Mortgage and Insurance helps navigate the complexities of buying, selling, and renting properties. In addition, every agent and client benefits from our robust referral network spanning the East Coast". The company is aggressively pursuing growth opportunities with future acquisitions in the pipeline across the Florida and Southern regions as well as in the Northeast marketplace over the coming months. Learn more at raveis.com or visit the team at their new William Raveis Long Island offices in Bridgehampton, Greenport, East Hampton , Mattituck, Montauk, Southampton, and Westhampton Beach. About William Raveis Real Estate, Mortgage, and Insurance ... William Raveis is the number one privately held real estate brokerage in the Northeast, Florida , and South Carolina providing integrated real estate services to customers and clients for over 50 years. Selected as the Top Brokerage 2023 by Inman, the voice of REALTORS® and industry news, the company ranks among the nation's top independent and publicly traded brokerages for sales volume and units sold. In addition to its specialized Residential, Relocation, and Luxury Properties divisions, William Raveis has full-service, top-tier Mortgage and Insurance Companies. About Town & Country Real Estate ... Hamptons and North Fork real estate markets are the main topics of conversation across the East End of Long Island with global interest. With decades of experience, Town & Country Real Estate is renowned for its local expertise and market insights delivered by a professional team of over 150 sales agents. Under the leadership of its founder & CEO, Judi Desiderio and T&C Managing Partner Janet Hummel, the firm is prominently featured in New York and national media outlets showcasing their magnificent portfolio of properties throughout the Eastern End of Long Island and expansive regional knowledge and insight. SOURCE William Raveis Real Estate, Mortgage & Insurance
Three Greenspoon Marder Lawyers Bolster Southeast Presence MIAMI , Dec. 12, 2024 /PRNewswire/ -- Ice Miller is pleased to announce the addition of esteemed international transactional lawyers Jon Lyman and Gai Sher to help launch the firm's new Miami office . Bringing 30 years of experience counseling corporate and financial institution clients on all manner of deals, often involving cross-border transactions, Miami -based Lyman reinforces Ice Miller's strong transactional roster on both a regional and international scale, while Sher concentrates her practice on representing and providing legal counsel to startups, emerging growth companies, brands, creators, and executives in media, technology, and consumer products in all aspects of commercial transactions. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Empowering Stories, Transformative Wisdom: Women's Voices Amplified With Brenda DempseyMOSCA, Colorado — A handmade sign at the start of a long dirt road in the rural San Luis Valley indicates to visitors that they’ve arrived at the future site of Kosmos Stargazing Resort & Spa . The peaks of the Sangre de Cristo Mountains barely make a dent in the big blue skies above the 40 acres purchased by founder and CEO Gamal Jadue Zalaquett. He aims to transform the land into a resort featuring 20 villas, a spa, a restaurant and a planetarium. “It’s a place of alignment. Kosmos is a place of connection,” Jadue Zalaquett said. “Kosmos, in a way, is a place to heal, and the San Luis Valley has a lot to do with healing.” He bought the property for $11,000 in December 2020. But with glass domes for stargazing and expensive price tags to stay the night, Jadue Zalaquett’s ambitious brainchild falls snugly into the category of “luxury ecotourism.” His site is an ideal spot for admiring constellations and distant galaxies. According to the National Park Service, the nearby Great Sand Dunes National Park and Preserve is considered an International Dark Sky Park. Jadue Zalaquett said the area is a class two location on the Bortle dark-sky scale, which translates to “ truly dark ” skies. The resort’s planetarium will include a 1-meter telescope. In terms of getting visitors to Kosmos, “that’s gonna be the biggest attractor,” Jadue Zalaquett said. Development is still in the early stages, but it’s already garnering attention from the public: More than 12,000 Instagram users follow the resort’s page where project renderings and updates are shared. Kosmos plans to open its first villa early next year, said marketing operations manager Jennifer Geerlings. Although it’s still under construction, the resort has already booked more than 2,000 reservations, she added. “A lot of it, for some people, is the excitement of being the first to be able to stay in an experience like this,” Geerlings said in a phone interview. “There’s really no other resort that’s doing this.” While Jadue Zalaquett put about $500,000 toward getting the project off the ground, a crowdfunding campaign raised $1.9 million, Geerlings said. Donors paid a one-time fee to receive 50% discounts off their reservations for early 2025. So instead of paying the usual $700 nightly rate, they booked at $350 per night, Geerlings said. And after the campaign’s end, people continued to contribute directly via Stripe, which put total revenue from crowdfunding at more than $2 million, Jadue Zalaquett added. So why is it worth it to stay at Kosmos? For Geerlings, the answer is a combination of the villas — with their jacuzzis nestled in glass domes under the stars — and amenities like the planetarium. “You’re able to experience some of the best stargazing. The Milky Way is visible to the naked eye,” Geerlings said. “A planetarium is something that’s never been at a resort before.” Future plans for Kosmos In November, director of field operations Auston Duncan stepped over sagebrush and loose hardware to outline the state of construction on the project. An unfinished villa offered a hint of what’s to come. The rectangular building with exposed wooden rafters and newly-installed glass sliding doors will soon house a bedroom and a bathroom. Jeremy Stephen, the founder of Steamboat Springs-based Evolve Construction , built the villa out of hempcrete , which is made of hemp, water and lime. It works as an eco-friendly insulator, helping to mitigate heating and cooling costs and lending itself to the vision of Kosmos as a resort with sustainability in mind. On one side of the villa, a hot tub will be installed. On the other, a dome made out of glass and wood from Ekodome will cover the kitchen and loft area. The development will occur in phases. Next year, 16 stargazing villas (which hold up to four guests) and 4 galaxy villas (which hold up to eight guests) will be constructed, Geerlings said. Every stay includes an hour of a guided stargazing experience and telescope training. In 2026, the amenities will be built out. Those include the Mediterranean-style restaurant and the wellness center with spa features like hyperbaric chambers, a sauna and a cold plunge. In 2027, the planetarium will be added to the resort. To ensure dark skies, guests will park their cars and use electric golf carts to navigate the resort, Jadue Zalaquett said. He mentioned that discussions with consultants on the stargazing center included a NASA representative, who was interested in hosting a mission workshop at Kosmos next year. Both the planetarium and the spa will be open to the public, Geerlings added. “Back at my roots” All in all, it’s a bold plan. And Kosmos is looking to hire to make it happen. Right now, the business is in search of employees to lead their stargazing experiences. So far, it’s recruited a former Great Sand Dunes ranger, Geerlings said. The team is considering college students from Adams State University in Alamosa as interns. Kosmos will also need to staff resort operations, including housekeeping, security and front desk workers. “We’re gonna try and hire pretty much everyone locally,” Geerlings said. For Jadue Zalaquett, taking on an endeavor like this runs in his blood. He currently lives between Alamosa and Boulder, but Jadue Zalaquett was born in Chile and grew up in Miami. When his family migrated to Chile, they ran hotels. Several paternal relatives work as architects. However, Jadue Zalaquett didn’t initially follow the family business. Instead, he worked in technology startups for almost a decade. Then, during the COVID-19 pandemic, he visited the San Luis Valley. He realized that, although the Great Sand Dunes were located less than a half hour away, tourists could only choose from a few lodging options. So came the idea for Kosmos. And “here I am, back at my roots,” Jadue Zalaquett said.It's not a desirable position the Miami Dolphins find themselves in heading into their Sunday trip to face the Cleveland Browns. For the game to have playoff implications, Miami will need the Los Angeles Chargers and Denver Broncos to lose their Saturday games at New England and at Cincinnati, respectively. The Dolphins could also use an Indianapolis road defeat in the early-afternoon slot Sunday against the New York Giants so they could leapfrog the Colts in the playoff order. However, if the Dolphins (7-8) are eliminated before they take the field for their late-afternoon kickoff, coach Mike McDaniel is driving home a different message this week. "Our locker room and our coaching staff really wants to play the type of football that we felt we fell short of at portions of the season," he said. The most notable portion came after a Week 1 win over the Jacksonville Jaguars. Miami lost six of its next seven games, hampered on offense by a concussion that knocked out star quarterback Tua Tagovailoa and left its offense without much hope. Tagovailoa's return before a Week 8 loss to the Arizona Cardinals activated the attack, even though Miami lost that game and the next one. The Dolphins are 5-2 in their past seven contests, including a 29-17 home win over the San Francisco 49ers last week, when Tagovailoa threw for 215 yards and a touchdown while De'Von Achane accounted for 190 scrimmage yards. Like his coach, Tagovailoa wants to close the season strong, regardless of whether a playoff berth is at stake. "It's an opportunity and I don't think any of us on our team should take this for granted," said Tagovailoa, who was limited in practice on Thursday due to a hip injury. "How do you even know that there is going to be a next year for your career or there's going to be a next game for you? You just never know." While Miami hopes to have a chance at the playoffs, the only thing Cleveland (3-12) can do is find a rare winning feeling in a disappointing season. Expected to contend for a second straight playoff berth, the Browns instead have an outside chance to earn the No. 1 overall pick in April's NFL Draft. Cleveland is also on its third starting quarterback of the year. Second-year pro Dorian Thompson-Robinson gets the call with Jameis Winston (shoulder) ailing and Deshaun Watson (Achilles) out for the season. In a 24-6 road loss to the Cincinnati Bengals last week, Thompson-Robinson finished 20 of 34 for 166 yards while tossing two interceptions and absorbing five sacks. Thompson-Robinson, who was limited in practice on Thursday because of a quad issue, wants to do a better job avoiding those outcomes. The Dolphins' defense could help in that matter as they entered the weekend 26th in sacks (31) and tied for 22nd in interceptions (eight). "The quarterback rule that lives for a hundred years of don't throw late over the middle," Thompson-Robinson said when asked how he can avoid critical errors. "And really just trusting my legs, like I had been bragging about and talking about all last week. To be able to use it in that situation instead of trying to throw up a play." The game could be the last in Cleveland for Browns six-time Pro Bowl selection Joel Bitonio. The 33-year-old left guard, a two-time first-team All-Pro, said this week he is considering retirement, citing the toll the game takes on his body and that losing inflicts on his psyche. Miami holds a 10-9 lead in the teams' regular-season series. Four Dolphins -- tackle Terron Armstead (knee), cornerback Kendall Fuller (), safety Jordan Poyer (knee/finger) and linebacker Anthony Walker (knee) -- did not practice Thursday. Star wide receivers Tyreek Hill (wrist) and Jaylen Waddle (knee) were limited, as were receiver Dee Eskridge (knee), linebacker Jordyn Brooks (quad/knee) and fullback Alex Ingold (ankle). Tight end David Njoku (knee) and defensive end Ogbo Okoronkwo (knee) were absent from the Thursday practice for the Browns, while Winston (right shoulder), wideouts Cedric Tillman (concussion) and Jerry Jeudy (knee/shin), cornerback Martin Emerson Jr. (back) and offensive tackle Germain Ifedi (Achilles) were among those limited. --Field Level Media
Information minister, Blueprint editor, others grace wedding Fatiha for NOA DG’s daughter
Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday. The Islamic Republic has some of the strictest controls on internet access in the world, but its blocks on US-based social media such as Facebook, Twitter and YouTube are routinely bypassed by tech-savvy Iranians using virtual private networks. "A positive majority vote has been reached to lift limitations on access to some popular foreign platforms such as WhatsApp and Google Play," Iran's official IRNA news agency said on Tuesday, referring to a meeting on the matter headed by President Masoud Pezeshkian. "Today the first step in removing internet limitations... has been taken," IRNA cited Iran's Minister of Information and Communications Technology Sattar Hashemi as saying. Social media platforms were widely used in anti-government protests in Iran. In Septemberm the United States called on Big Tech to help evade online censorship in countries that heavily sensor the internet, including Iran.MUNICH, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. ( OTCQB: SEVCF ) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”) today announced its financial results for the first six months of 2024, highlighting a €60.6 million profit and its recovery following its exit from insolvency earlier this year. Key financial highlights €60.6 million profit: The profit primarily stemmed from the extinguishment of liabilities, parental guarantee reversal and recapitalization and reconsolidation of Sono Motors. Operational efficiency: General and administrative expenses decreased significantly from €8.1 million in H1 2023 to €2.9 million in H1 2024, reflecting leaner operations post-restructuring. Substantial reduction in development expenses: Cost of development expenses decreased by over 96% from €16.0 million in H1 2023 to €0.6 million in H1 2024, reflecting the streamlined focus on retrofitting solar technology onto third party vehicles and the discontinuation of the Sion passenger car program. Strengthened cash position: The Company maintained a cash balance of €2.2 million as of June 30, 2024, which was further enhanced by receipt of the second tranche of funding from YA II PN, Ltd. (“Yorkville”) in September 2024 in the amount of €3.0 million. This funding reinforced the Company's financial stability and supported its operational growth. Six-Month 2024 Milestone Achievements Exiting insolvency: The Company’s wholly-owned subsidiary, Sono Motors, successfully exited its self-administration proceedings in February 2024, marking what the Company believes is a crucial step towards the financial and operational stability of Sono. Additional funding: In H1 2024 Sono received funding commitments of up to €9 million, of which €4 million were received in February 2024 and €3 million in September 2024. Subject to compliance with the terms of the investment, the Company expects the commitments to position it to obtain sufficient funding for its business strategy and operations through June 2025. Commencement of OTCQB trading: On July 2, 2024, the Company's ordinary shares began trading on OTCQB under the symbol "SEVCF," enhancing access for investors and reinforcing shareholder transparency. Recent Updates Green Innovation Award: Sono received the prestigious Green Innovation Award at the Intermobility and Bus Expo (IBE) in Rimini, Italy. The Company believes this accolade highlights the innovative and transformative nature of Sono's solar technology and reinforces its strong position in sustainable mobility solutions. Partnership with Hofmeister & Meincke: Sono is leveraging Hofmeister & Meincke’s strong market presence in Germany and globally to distribute its Solar Bus Kit, Solar Kits for trucks and vans and other solar products to potential customers. A recently completed training program for 80 Hofmeister & Meincke’s sales representatives ensures they are equipped to effectively promote Sono’s innovative solutions, expanding the reach of sustainable mobility technologies. Expanded product portfolio: Sono expanded its portfolio with new options for its solar bus kit, new solar kits for trucks, vans and trailers, as well as high-voltage solar solutions for refrigerated vehicles. These innovative solutions are designed to help fleet operators reduce fuel consumption, lower emissions and cut operational costs, showcasing Sono’s commitment to sustainable and versatile solar applications across various vehicle types. Progress Toward Planned Nasdaq Uplisting: On November 7, 2024, at an extraordinary general meeting of shareholders, key measures to advance Sono's planned uplisting to the Nasdaq Capital Market were approved. These included appointing Owen May to the Supervisory Board, approving amendments to the Articles of Association to meet Nasdaq requirements, and authorizing preferred shares intended to enable potential future conversion of debt into equity. Debt-to-Equity Conversion Term Sheet Signed: Sono has entered into a non-binding term sheet with Yorkville to convert approximately $32 million in outstanding debt into equity through the issuance of preferred shares. This initiative, pending the signing of definitive agreements, strengthens Sono’s balance sheet, reduces default risk, and marks significant progress towards the Company’s planned Nasdaq uplisting. Looking Ahead Managing Director, CEO and CFO George O’Leary said, “We believe our results demonstrate the resilience of our business model and the effectiveness of our strategic pivot to solar retrofit solutions. We see the €60.6 million profit and successful exit from insolvency mark as a key turning point for Sono, setting the stage for sustainable growth.” The Company remains committed to advancing its solar integration technology, providing scalable solutions for the transportation sector and reducing dependence on fossil fuels. For more information about Sono Group N.V., Sono Motors GmbH and their solar solutions, visit sonogroupnv.com and sonomotors.com . ABOUT SONO GROUP N.V. Sono Group N.V. ( OTCQB: SEVCF ) and its wholly-owned subsidiary Sono Motors GmbH are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. CONTACT: Press: press@sonomotors.com | ir.sonomotors.com/news-events Investors: ir@sonomotors.com | ir.sonomotors.com LinkedIn: https://www.linkedin.com/company/sonogroupnv FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements. The words "expect", "anticipate", "intend", "plan", "estimate", "aim", "forecast", "project", "target", “will” and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and Sono Motors (together, the “companies”). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies’ actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: our ability to access the unfunded portion of the investment from YA II PN, Ltd. (“Yorkville”), including our ability to successfully comply with the agreements related thereto and the absence of any termination event or any event of default; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our status as a foreign private issuer under the Securities Exchange Act of 1934; our ability to comply with OTCQB continuing standards, as well as our ability to have our shares admitted to trading on a national stock exchange, including the Nasdaq Capital Market, in the future; our ability to enter into a definitive agreement with Yorkville with respect to the conversion of outstanding debt into equity through the issuance of preferred shares; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission (“SEC”), including our Annual Report on Form 20-F, which are accessible on the SEC’s website at www.sec.gov and on our website at ir.sonomotors.com. Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking statements. FINANCIAL RESULTS (amounts in thousands, except share and per share data) INCOME STATEMENT BALANCE SHEET
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Bethlehem marks a second subdued Christmas during the war in Gaza BETHLEHEM, West Bank (AP) — Bethlehem is marking another somber Christmas Eve under the shadow of war in Gaza. Manger Square lacked its usual festive lights and crowds of tourists on Tuesday. Instead, the area outside the Nativity Church was quiet. The church was built atop the spot where Jesus is believed to have been born. The war, the violence in the occupied West Bank it has spurred and the lack of festivities has deeply hurt Bethlehem's economy. The town relies heavily on Christmas tourism. The economy in the West Bank was already reeling because of restrictions placed on laborers preventing them from entering Israel during the war. Middle East latest: Bethlehem marks a somber Christmas Eve amid war in Gaza TEL AVIV, Israel (AP) — The Palestinian city of Bethlehem is preparing for another somber Christmas under the shadow of war in Gaza. Most festivities cancelled and crowds of tourists absent in the Israeli-occupied West Bank. Winter is hitting the Gaza Strip and many of the nearly 2 million Palestinians displaced by the devastating 15-month war with Israel are struggling to protect themselves from the wind, cold and rain. According to Gaza’s Health Ministry, Israel’s bombardment and ground invasion has killed over 45,000 Palestinians, more than half of them women and children. The Health Ministry does not distinguish between fighters and civilians in its count. Heavy travel day off to a rough start after American Airlines briefly grounds all flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical issue just as the Christmas travel season kicks into overdrive and winter weather is threatening more potential problems for those planning to fly or drive. American flights were cleared to fly by federal regulators about one hour after a national ground stop order was issued by federal regulators Tuesday. The American groundings couldn’t come at a worse time for the millions of travelers expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers over the holidays and through January 2. Major storm pounds California's central coast, blamed for man's death and partially collapsing pier SANTA CRUZ, Calif. (AP) — A major storm has pounded California’s central coast bringing flooding and high surf that was blamed for fatally trapping a man beneath debris on a beach and later partially collapsing a pier, tossing three people into the Pacific Ocean. The storm was expected to bring hurricane-force winds and waves up to 60 feet Monday as it gained strength from California to the Pacific Northwest. Some California cities have ordered beachfront homes and hotels to evacuate early Monday afternoon. Forecasters have warned that storm swells would continue to increase throughout the day. Caitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. 20 years after the Indian Ocean tsunami, a boy found in the mud embraces being known as 'Baby 81' KURUKKAL MADAM, Sri Lanka (AP) — The boy once known as “Baby 81,” who was pulled from the mud as an infant after the devastating Indian Ocean tsunami in 2004 and reunited with his parents following an emotional court battle, is now a 20-year-old dreaming of higher education. Jayarasa Abilash’s story symbolizes that of the many families torn apart by one of the worst natural calamities in modern history, but it also offers hope. He grew up being followed by the nickname “Baby 81” and feeling embarrassed until he learned more about the events that tore him from his family and brought him back. He has lost his fear. A blast at a Turkish ammunition factory kills 11 people ISTANBUL (AP) — An explosion at an ammunition factory in northwest Turkey left 11 dead and five injured Tuesday morning. The state-run Anadolu Agency says the blast occurred in Balikesir province, in a rural area away from population centers. The provincial governor says one building collapsed and others were damaged, The governor says the explosion was due to a technical issue and there was no possibility of sabotage. An investigation has begun. France has a new government, again. Politics and crushing debt complicate next steps PARIS (AP) — France’s president and prime minister have managed to form a new government just in time for the holidays. Now comes the hard part. Crushing debt, pressure from the nationalist far right, wars in Europe and the Mideast. The hallenges abound for President Emmanuel Macron and Prime Minister Francois Bayrou. They already had a tumultuous 2024. The most urgent order of business is passing a 2025 budget. Financial markets, ratings agencies and the European Commission are pushing France to bring down its deficit. It is threatening the stability and prosperity of all countries that share the euro currency. Inside the Gaetz ethics report, a trove of new details alleging payments for sex and drug use WASHINGTON (AP) — The House Ethics Committee’s long-awaited report into Rep. Matt Gaetz documents a trove of salacious allegations of misconduct, including sex with an underage girl, that tanked the Florida Republican’s nomination to lead the Justice Department. Citing text messages, travel receipts, online payments and other evidence, the committee painted a picture of a lifestyle in which Gaetz and others connected with younger women for drug-fueled parties, events or trips, with the expectation the women would be paid for their participation. Gaetz, who had filed a last-minute lawsuit to try to block the report’s release Monday, slammed the committee’s findings. Gaetz has denied any wrongdoing and has insisted he never had sex with a minor. Legendary Indian filmmaker Shyam Benegal dies at age 90 NEW DELHI (AP) — Shyam Benegal, a renowned Indian filmmaker known for pioneering a cinema movement that tackled social issues in the 1970s, has died after chronic kidney disease. He was 90. His contribution to cinema was recognized as a director, editor and screenwriter. He came into the limelight with films that challenged mainstream Bollywood by dealing with the social realities of a poor nation. He also was a mentor to top Indian actors. India's prime minister says he is “deeply saddened” by Benegal's death.iOS 18.2 Public Beta 3 Brings More Than Just AI to Your iPhone
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