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VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec 5, 2024-- lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the third quarter of fiscal 2024, which ended on October 27, 2024. Calvin McDonald, Chief Executive Officer, stated: "Our performance in the third quarter shows the enduring strength of lululemon globally, as we saw continued momentum across our international markets and in Canada. Looking to the future, we are pleased with the start to our holiday season, and we remain focused on accelerating our U.S. business and growing our brand awareness around the world. Thank you to our dedicated teams for continuing to deliver for our guests and stakeholders." The adjusted non-GAAP financial measures below exclude asset impairment and other charges recognized in relation to lululemon Studio during the third quarter of 2023, and the related income tax effects of these items. For the third quarter of 2024, compared to the third quarter of 2023: Meghan Frank, Chief Financial Officer, stated: "Our third quarter results, which exceeded our expectations, demonstrate the ability of our teams to be agile in a dynamic operating environment. With the majority of the fourth quarter still in front of us, we are focused on deepening engagement with our guests and bringing new consumers into the brand. We are committed to delivering on our Power of Three ×2 revenue target of $12.5 billion in 2026 and look forward to all that lies ahead." Stock Repurchase Program During the third quarter of 2024, the Company repurchased 1.6 million shares of its common stock for a cost of $408.5 million. On December 3, 2024, the board of directors approved a $1.0 billion increase to the Company's stock repurchase program. Including this increase, as of December 5, 2024, the Company had approximately $1.8 billion remaining authorized on its stock repurchase program. Balance Sheet Highlights The Company ended the third quarter of 2024 with $1.2 billion in cash and cash equivalents and the capacity under its committed revolving credit facility was $393.5 million. Inventories at the end of the third quarter of 2024 increased 8% to $1.8 billion compared to $1.7 billion at the end of the third quarter of 2023. 2024 Outlook For the fourth quarter of 2024, the Company expects net revenue to be in the range of $3.475 billion to $3.510 billion, representing growth of 8% to 10%, or 3% to 4% excluding the 53rd week of 2024. Diluted earnings per share are expected to be in the range of $5.56 to $5.64 for the quarter. This assumes a tax rate of approximately 29.5%. For 2024, the Company now expects net revenue to be in the range of $10.452 billion to $10.487 billion, representing growth of 9%, or 7% excluding the 53rd week of 2024. Diluted earnings per share are now expected to be in the range of $14.08 to $14.16 for the year. This assumes a tax rate of approximately 30%. The guidance does not reflect potential future repurchases of the Company's shares. The guidance and outlook forward-looking statements made in this press release are based on management's expectations as of the date of this press release and do not incorporate future unknown impacts, including macroeconomic trends. The Company undertakes no duty to update or to continue to provide information with respect to any forward-looking statements or risk factors, whether as a result of new information or future events or circumstances or otherwise. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of risks and uncertainties, including those stated below. Power of Three ×2 The Company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of $6.25 billion to $12.5 billion by 2026. The key pillars of the plan are product innovation, guest experience, and market expansion. Conference Call Information A conference call to discuss third quarter results is scheduled for today, December 5, 2024, at 4:30 p.m. Eastern time. Those interested in participating in the call are invited to dial 1-844-763-8274 or 1-647-484-8814, if calling internationally, approximately 10 minutes prior to the start of the call. A live webcast of the conference call will be available online at: https://corporate.lululemon.com/investors/news-and-events/events-and-presentations . A replay will be made available online approximately two hours following the live call for a period of 30 days. About lululemon athletica inc. lululemon athletica inc. (NASDAQ:LULU) is a technical athletic apparel, footwear, and accessories company for yoga, running, training, and most other activities, creating transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with yogis and athletes in local communities around the world for continuous research and product feedback. For more information, visit lululemon.com . Non-GAAP Financial Measures Constant dollar changes and adjusted financial results are non-GAAP financial measures. A constant dollar basis assumes the average foreign currency exchange rates for the period remained constant with the average foreign currency exchange rates for the same period of the prior year. The Company provides constant dollar changes in its results to help investors understand the underlying growth rate of net revenue excluding the impact of changes in foreign currency exchange rates. Adjusted gross profit, gross margin, income from operations, operating margin, income tax expense, effective tax rates, net income, and diluted earnings per share exclude certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio, and the related income tax effects of these items. The Company believes these adjusted financial measures are useful to investors as they provide supplemental information that enable evaluation of the underlying trend in its operating performance, and enable a comparison to its historical financial information. Further, due to the finite and discrete nature of these items, it does not consider them to be normal operating expenses that are necessary to run the business, or impairments or disposal gains that are expected to arise in the normal course of its operations. Management uses these adjusted financial measures and constant currency metrics internally when reviewing and assessing financial performance. The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. The expected net revenue increase excluding the 53rd week excludes the expected net revenue for the 53rd week of 2024. This enables an evaluation of the expected year-over-year increase in net revenue based on 52 weeks in each year. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or with greater prominence to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the section captioned "Reconciliation of Non-GAAP Financial Measures" included in the accompanying financial tables, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. The Company's non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures reported by other companies. Forward-Looking Statements: This press release includes estimates, projections, statements relating to the Company's business plans, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "outlook," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These forward-looking statements also include the Company's guidance and outlook statements. These statements are based on management's current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation: the Company's ability to maintain the value and reputation of its brand; changes in consumer shopping preferences and shifts in distribution channels; the acceptability of its products to guests; its highly competitive market and increasing competition; increasing costs and decreasing selling prices; its ability to anticipate consumer preferences and successfully develop and introduce new, innovative and updated products; its ability to accurately forecast guest demand for its products; its ability to expand in light of its limited operating experience and limited brand recognition in new international markets and new product categories; its ability to manage its growth and the increased complexity of its business effectively; its ability to successfully open new store locations in a timely manner; seasonality; disruptions of its supply chain; its reliance on a relatively small number of vendors to supply and manufacture a significant portion of its products; suppliers or manufacturers not complying with its Vendor Code of Ethics or applicable laws; its ability to deliver its products to the market and to meet guest expectations if it has problems with its distribution system; increasing labor costs and other factors associated with the production of its products in South Asia and South East Asia; its ability to safeguard against security breaches with respect to its technology systems; its compliance with privacy and data protection laws; any material disruption of its information systems; its ability to have technology-based systems function effectively and grow its e-commerce business globally; climate change, and related legislative and regulatory responses; increased scrutiny regarding its environmental, social, and governance, or sustainability responsibilities; an economic recession, depression, or downturn or economic uncertainty in its key markets; global or regional health events such as the COVID-19 pandemic and related government, private sector, and individual consumer responsive actions; global economic and political conditions; its ability to source and sell its merchandise profitably or at all if new trade restrictions are imposed or existing trade restrictions become more burdensome; changes in tax laws or unanticipated tax liabilities; its ability to comply with trade and other regulations; fluctuations in foreign currency exchange rates; imitation by its competitors; its ability to protect its intellectual property rights; conflicting trademarks and patents and the prevention of sale of certain products; its exposure to various types of litigation; and other risks and uncertainties set out in filings made from time to time with the United States Securities and Exchange Commission and available at www.sec.gov , including, without limitation, its most recent reports on Form 10-K and Form 10-Q. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances, except as may be required by law. lululemon athletica inc. The fiscal year ending February 2, 2025 is referred to as "2024" and the fiscal year ended January 28, 2024 is referred to as "2023". Condensed Consolidated Statements of Operations Unaudited; Expressed in thousands, except per share amounts Third Quarter First Three Quarters 2024 2023 2024 2023 Net revenue $ 2,396,660 $ 2,204,218 $ 6,976,629 $ 6,414,175 Costs of goods sold 995,054 947,554 2,887,770 2,708,195 Gross profit 1,401,606 1,256,664 4,088,859 3,705,980 As a percentage of net revenue 58.5 % 57.0 % 58.6 % 57.8 % Selling, general and administrative expenses 909,827 842,795 2,624,212 2,407,683 As a percentage of net revenue 38.0 % 38.2 % 37.6 % 37.5 % Impairment of assets and restructuring costs — 74,501 — 74,501 Amortization of intangible assets 1,118 1,253 1,118 5,010 Income from operations 490,661 338,115 1,463,529 1,218,786 As a percentage of net revenue 20.5 % 15.3 % 21.0 % 19.0 % Other income (expense), net 13,743 9,842 55,020 25,229 Income before income tax expense 504,404 347,957 1,518,549 1,244,015 Income tax expense 152,534 99,243 452,336 363,293 Net income $ 351,870 $ 248,714 $ 1,066,213 $ 880,722 Basic earnings per share $ 2.87 $ 1.97 $ 8.57 $ 6.94 Diluted earnings per share $ 2.87 $ 1.96 $ 8.55 $ 6.92 Basic weighted-average shares outstanding 122,697 126,460 124,471 126,892 Diluted weighted-average shares outstanding 122,803 126,770 124,668 127,218 lululemon athletica inc. Condensed Consolidated Balance Sheets Unaudited; Expressed in thousands October 27, 2024 January 28, 2024 October 29, 2023 ASSETS Current assets Cash and cash equivalents $ 1,188,419 $ 2,243,971 $ 1,091,138 Inventories 1,800,893 1,323,602 1,663,617 Prepaid and receivable income taxes 257,388 183,733 300,258 Other current assets 358,589 309,271 309,886 Total current assets 3,605,289 4,060,577 3,364,899 Property and equipment, net 1,697,759 1,545,811 1,413,918 Right-of-use lease assets 1,360,589 1,265,610 1,048,607 Goodwill and intangible assets, net 178,185 24,083 23,912 Deferred income taxes and other non-current assets 241,847 195,860 170,928 Total assets $ 7,083,669 $ 7,091,941 $ 6,022,264 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 385,960 $ 348,441 $ 309,324 Accrued liabilities and other 561,615 348,555 392,949 Accrued compensation and related expenses 190,169 326,110 250,479 Current lease liabilities 290,368 249,270 217,138 Current income taxes payable 96,808 12,098 27,231 Unredeemed gift card liability 238,327 306,479 213,256 Other current liabilities 40,286 40,308 37,737 Total current liabilities 1,803,533 1,631,261 1,448,114 Non-current lease liabilities 1,223,733 1,154,012 950,954 Non-current income taxes payable — 15,864 15,864 Deferred income tax liability 33,231 29,522 53,833 Other non-current liabilities 37,440 29,201 27,650 Stockholders' equity 3,985,732 4,232,081 3,525,849 Total liabilities and stockholders' equity $ 7,083,669 $ 7,091,941 $ 6,022,264 lululemon athletica inc. Condensed Consolidated Statements of Cash Flows Unaudited; Expressed in thousands First Three Quarters 2024 2023 Cash flows from operating activities Net income $ 1,066,213 $ 880,722 Adjustments to reconcile net income to net cash provided by operating activities (194,890 ) 31,344 Net cash provided by operating activities 871,323 912,066 Net cash used in investing activities (575,214 ) (445,325 ) Net cash used in financing activities (1,328,510 ) (510,583 ) Effect of foreign currency exchange rate changes on cash and cash equivalents (23,151 ) (19,887 ) Decrease in cash and cash equivalents (1,055,552 ) (63,729 ) Cash and cash equivalents, beginning of period 2,243,971 1,154,867 Cash and cash equivalents, end of period $ 1,188,419 $ 1,091,138 lululemon athletica inc. Reconciliation of Non-GAAP Financial Measures Unaudited; Expressed in thousands, except per share amounts Constant dollar changes The below changes show the change for the third quarter of 2024 compared to the third quarter of 2023. Net Revenue Change Foreign exchange Change in constant dollars United States — % — % — % Canada 9 — 9 Mexico (1) n/a n/a n/a Americas 2 — 2 China Mainland 39 (3 ) 36 Rest of World 27 (4 ) 23 Total international 33 (3 ) 30 Total 9 % (1 )% 8 % Comparable Sales (2) Change Foreign exchange Change in constant dollars Americas (2 )% — % (2 )% China Mainland 27 (3 ) 24 Rest of World 23 (3 ) 20 Total international 25 (3 ) 22 Total 4 % (1 )% 3 % (1) On September 10, 2024, the Company acquired the lululemon branded retail locations and operations run by a third party in Mexico. Wholesale sales to the third party by lululemon athletica canada inc. prior to the acquisition are disclosed as net revenue recognized within Canada. (2) Comparable sales includes comparable company-operated store and e-commerce net revenue. Comparable company-operated stores have been open for at least 12 full fiscal months, or open for at least 12 full fiscal months after being significantly expanded. Comparable company-operated stores exclude stores which have been temporarily relocated for renovations or have been temporarily closed. Adjusted financial measures The following tables reconcile adjusted 2023 financial measures with the most directly comparable measures calculated in accordance with GAAP. The adjustments relate to certain inventory provisions, asset impairments, and restructuring costs recognized in relation to lululemon Studio and their related tax effects. Please refer to Note 4. Impairment of Assets and Restructuring Costs included in Item 1 of Part I of the Company's Report on Form 10-Q to be filed with the SEC on or about December 5, 2024 for further information on the nature of these amounts. Third Quarter 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 1,256,664 57.0 % $ 338,115 15.3 % $ 99,243 28.5 % $ 248,714 $ 1.96 lululemon Studio charges: lululemon Studio obsolescence provision 23,709 1.1 23,709 1.1 23,709 0.19 Impairment of assets 44,186 2.0 44,186 0.35 Restructuring costs 30,315 1.4 30,315 0.24 Tax effect of the above 26,085 (0.4 ) (26,085 ) (0.21 ) 23,709 1.1 98,210 4.5 26,085 (0.4 ) 72,125 0.57 Adjusted results (non-GAAP) $ 1,280,373 58.1 % $ 436,325 19.8 % $ 125,328 28.1 % $ 320,839 $ 2.53 First Three Quarters 2023 Gross Profit Gross Margin Income from Operations Operating Margin Income Tax Expense Effective Tax Rate Net Income Diluted Earnings Per Share GAAP results $ 3,705,980 57.8 % $ 1,218,786 19.0 % $ 363,293 29.2 % $ 880,722 $ 6.92 lululemon Studio charges: lululemon Studio obsolescence provision 23,709 0.3 23,709 0.3 23,709 0.19 Impairment of assets 44,186 0.7 44,186 0.35 Restructuring costs 30,315 0.5 30,315 0.24 Tax effect of the above 26,085 (0.2 ) (26,085 ) (0.21 ) 23,709 0.3 98,210 1.5 26,085 (0.2 ) 72,125 0.57 Adjusted results (non-GAAP) $ 3,729,689 58.1 % $ 1,316,996 20.5 % $ 389,378 29.0 % $ 952,847 $ 7.49 Expected net revenue increase excluding the 53rd week The Company's fiscal year ends on the Sunday closest to January 31st of the following year, typically resulting in a 52-week year, but occasionally giving rise to an additional week, resulting in a 53-week year. Fiscal 2023 was a 52-week year while 2024 will be a 53-week year. Fourth Quarter 2024 Fiscal 2024 Expected net revenue increase 8% to 10% 9% Impact of 53rd week (5)% to (6)% (2)% Expected net revenue increase excluding the 53rd week (non-GAAP) 3% to 4% 7% lululemon athletica inc. Company-operated Store Count and Square Footage (1) Square footage expressed in thousands Number of Stores Open at the Beginning of the Quarter Number of Stores Opened During the Quarter Number of Stores Closed During the Quarter Number of Stores Open at the End of the Quarter 4 th Quarter 2023 686 26 1 711 1 st Quarter 2024 711 5 5 711 2 nd Quarter 2024 711 11 1 721 3 rd Quarter 2024 721 28 — 749 Total Gross Square Feet at the Beginning of the Quarter Gross Square Feet Added During the Quarter (2) Gross Square Feet Lost During the Quarter (2) Total Gross Square Feet at the End of the Quarter 4 th Quarter 2023 2,797 173 3 2,967 1 st Quarter 2024 2,967 35 14 2,988 2 nd Quarter 2024 2,988 90 3 3,075 3 rd Quarter 2024 3,075 156 — 3,231 (1) (2) View source version on businesswire.com : https://www.businesswire.com/news/home/20241205433612/en/ CONTACT: Investor Contacts: lululemon athletica inc. Howard Tubin 1-604-732-6124 or ICR, Inc. Joseph Teklits/Caitlin Churchill 1-203-682-8200 Media Contact: lululemon athletica inc. Madi Wallace 1-604-732-6124 KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: FASHION ONLINE RETAIL RETAIL HEALTH OTHER RETAIL FITNESS & NUTRITION SPECIALTY SOURCE: lululemon athletica inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205433612/en
New weapons for F-16 and F-35 Hellenic Air Force fighter jetsShare Tweet Share Share Email Cryptocurrencies have proven to be more than just a trend—they’re reshaping the financial world as we know it. With every passing year, new projects emerge, promising groundbreaking solutions and innovative ways to use blockchain technology. If 2024 taught us anything, it’s that the crypto market rewards those who get in early on high-potential projects. From presales to established coins with fresh upgrades, the opportunities are endless. As we step into the new year, one crypto project that’s generating a lot of buzz is Qubetics ($TICS) . Unlike older projects that have struggled with usability and accessibility, Qubetics is addressing these issues head-on. Its focus on real-world applications and user-friendly solutions makes it one of the best crypto presales of 2024, and a must-watch as the new year begins. 1. Qubetics ($TICS): A Revolutionary Approach to Everyday Crypto Use Qubetics isn’t your run-of-the-mill crypto project—it’s a game-changer. At its core is a multi-chain wallet that makes managing, spending, and investing in cryptocurrencies as simple as using your smartphone. Whether you’re a business owner looking to accept crypto payments, a freelancer dealing with international clients, or an investor managing multiple assets, Qubetics offers solutions tailored to your needs. Imagine this: You run a small online shop and want to accept payments in Bitcoin, Ethereum, or other cryptocurrencies. With Qubetics’ smart contract conversion mechanism, payments are automatically converted into fiat currency at the point of sale. No need to stress about volatility or complicated setups—it’s as smooth as accepting a credit card. For individuals, Qubetics makes crypto transactions feel effortless. Its integration with Apple Pay and Google Pay brings crypto into everyday life. Want to grab coffee and pay with your crypto? With Qubetics, it’s as easy as a tap on your phone. The numbers don’t lie—Qubetics’ presale is in its 14th stage, with over 376 million tokens sold to 11,800+ holders, raising more than $7.8 million. Currently priced at $0.0377, this is hands-down the best crypto presale to buy this week. But don’t wait too long—prices will rise by 10% in the 15th stage starting this weekend. 2. Polygon (MATIC): Scaling the Crypto Ecosystem When it comes to solving Ethereum’s scalability issues, Polygon (MATIC) is leading the charge. As a Layer-2 scaling solution, Polygon provides faster and cheaper transactions while maintaining Ethereum’s security. This makes it a go-to choice for developers building decentralised applications (dApps), NFTs, and DeFi projects. Think of Polygon as Ethereum’s turbo booster—it speeds things up without compromising the system’s integrity. This is especially important as more industries adopt blockchain technology. Gaming, virtual real estate, and financial services are just a few areas where Polygon is already making waves. 2025 is expected to be the year of Layer-2 solutions, and Polygon is well-positioned to ride that wave. Its partnerships with major brands and continuous updates to its ecosystem make it a solid investment. Whether you’re a seasoned trader or a crypto newbie, MATIC is a coin that belongs in your portfolio. 3. Filecoin (FIL): Decentralised Storage for the Web3 Era As the digital world grows, so does the demand for secure and scalable storage solutions. Enter Filecoin (FIL), a blockchain-based decentralised storage network that’s transforming how data is stored and accessed. Unlike traditional cloud providers like Amazon or Google, Filecoin uses blockchain technology to create a more secure, efficient, and cost-effective storage marketplace. Here’s how it works: Filecoin users can rent out their unused storage space, earning FIL tokens in return. This creates a decentralised network of storage providers, reducing costs and increasing security. It’s not just for data hoarders, though—developers can use Filecoin to build dApps with integrated storage solutions, setting the stage for a Web3 future. With Web3 technologies gaining momentum, Filecoin’s relevance is only going to grow. It’s already a favourite among developers and enterprises looking for a decentralised alternative to traditional cloud storage. For investors eyeing long-term potential, FIL is a no-brainer. Start the Year Strong with Smart Investments The new year brings new opportunities, and the crypto market is teeming with projects that promise big gains. Qubetics ($TICS) stands out for its innovation and practical solutions, making it the best crypto presale of 2024 and a must-buy as the year kicks off. Meanwhile, Polygon (MATIC) and Filecoin (FIL) bring scalability and decentralised storage to the table, offering both stability and growth potential. Ready to build a portfolio that sets you up for 2025 success? Based on the latest research, we recommend Qubetics ($TICS), Polygon (MATIC), and Filecoin (FIL) as the top picks to buy now. Don’t wait—opportunities like this don’t last forever. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics Related Items: Blockchain , Qubetic Share Tweet Share Share Email Recommended for you Plus Wallet Leads with Unified Balances & Rapid Token Listings While Coinomi Celebrates 10 Years & OKX Adds DEX Feature Stop Limiting Your Crypto Earnings! Switch to PlusWallet Now – MetaMask & Bybit Enhance Platforms XYZVerse Presale Captures Attention of Kaspa and Polkadot Investors With $10 Aim CommentsSharks make roster moves ahead of game vs. L.A. Kings
Netflix's broadcast for the NFL's Christmas Day games did not start off in the best way. There were audio issues at the start of the pre-game show as sportscaster Kay Adams delivered her opening spiel. This was followed by ESPN reporter Mina Kimes inexplicably getting cut off while she was discussing the upcoming game between the Kansas City Chiefs and the Pittsburgh Steelers in favor of a "Squid Game" Season 2 ad. Thankfully for the fans, the broadcast did not experience any more significant issues after that rough start. Javascript is required for you to be able to read premium content. Thanks for the feedback.
Tyrese Hunter tossed in a game-high 26 points to lead Memphis to a 99-97 upset victory over No. 2 UConn on Monday in the first round of the Maui Invitational in Lahaina, Hawaii. Hunter, who played at Iowa State and Texas before transferring to Memphis, made eight field goals with 7-of-10 3-point shooting. The Tigers (5-0) connected on 12 of their 22 3-point attempts in the win. UConn's Hassan Diarra made a free throw to cut the Memphis lead to 99-97 with 2.2 seconds left. He intentionally missed the second free throw and collected the loose ball, but his desperation shot was off the mark. It was 92-92 when UConn's Liam McNeeley was called for an offensive foul with 40.3 seconds left. UConn coach Dan Hurley received a technical for arguing the foul call, and PJ Carter made all four free throws to give the Tigers a four-point lead. Memphis, which squandered a 13-point lead with four minutes to play in regulation, received 22 points from PJ Haggerty, 19 from Colby Rogers and 14 from Dain Dainja. Memphis will play the winner of Monday night's game between Colorado and Michigan State in Tuesday's semifinals. UConn will face the loser of that contest. Tarris Reed Jr. had a team-high 22 points and a game-high 11 rebounds for UConn (4-1) before he fouled out with 3:18 to play. He made 10 of his 13 field goal attempts. Alex Karaban added 19 points for the Huskies. Jaylin Stewart scored a career-high 16 points, Diarra had 12 and McNeeley added 10. UConn trailed 82-79 after Diarra made two free throws with 24.2 seconds to play in regulation. The Huskies then forced a turnover and tied the game on a 3-pointer by Solo Ball with 1.2 on the clock. Although Memphis shot 56.5 percent from the field (13 for 23) and 50 percent from 3-point territory (5 for 10) in the first half, the game was tied 40-40 after 20 minutes. Neither team led by more than six points in the half. UConn received 29 points from its bench in the first half. Reed scored 15 of those points and Stewart supplied the other 14. --Field Level Media
Australian market watchers have raised concerns over what another Trump administration and an uncertain Chinese economy could mean for the local bourse next year as markets come off a prosperous 2024. The S&P/ASX 200 grew about 10 per cent in 2024, its best gain since 2021, marking a recovery after two years hampered by inflationary pressures and ballooning interest rates. Donald Trump, Xi Jinping and Elon Musk will hold great influence over the fate of global markets in 2025. Credit: Nathan Perri While forecasts in January were optimistic about the year ahead, Tribeca Investment Partners portfolio manager Jun Bei Liu said the ASX “defied all expectations” with the “incredible” returns observed across 2024. “At the beginning, we all thought the Australian market would be strong, but not as strong as it has been,” Liu said. “It’s been thanks to the resilience of our economy and optimism returning to the sharemarket.” Among the best performers was the finance sector – which grew 30 per cent in the past year and was spurred on by Commonwealth Bank – and the IT sector, which enjoyed significant gains as artificial intelligence demand surged. Jessica Amir, market strategist at Moomoo, observed that late annual growth on the bourse came behind the “hot spice” kicked into markets following the US election and release of a new Chinese stimulus. Among the late lifters was Block Inc., the Jack Dorsey-founded financial services firm that emerged as a major beneficiary of the Bitcoin price surge that followed Donald Trump’s election victory. Moomoo market strategist Jessica Amir has backed Block in for a big 2025 amid the Trump-inspired Bitcoin boom. Credit: Louie Douvis “It was a monumental day and showed the changing face of the Australian sharemarket when we saw Block overtake ANZ and Macquarie [in December],” Amir said. “Block will probably become a top-five company in 2025.” Analysts view Trump’s inauguration on January 20 as the first major test for the Australian sharemarket in 2025, likely to be followed by the Australian Reserve Bank’s interest rates decision on February 6. Some of Trump’s policies – including new trade tariffs – spell trouble for global markets. IG market analyst Tony Sycamore said that Trump’s immediate actions following his inauguration would be “very important” for the health of the Australian sharemarket. “Most of the forecasts that I’ve seen say it’ll be a good year for the stock market if Trump does this or that,” Sycamore said. “It depends on whether Trump prioritises tax cuts, regulation and cutting the fat off the US bureaucracy, or whether he goes for the tariffs.” AMP chief economist Shane Oliver has said the Australian dollar could be in for a “rough ride” under Donald Trump’s America-first policies. Credit: Peter Rae While the prospect of increased tariffs has accelerated inflationary fears, Trump’s agenda is also forecast to stimulate growth for big tech, industrial and mining stocks, and the banks, which are expected to enjoy increased borrowing demand as interest rates continue to be lowered in 2025. “Trump is quite supportive of the stock market in general,” Amir said. “Cutting taxes, regulation and red tape is really good for tech stocks, especially the chip sector.” Loading Tesla is among the companies that’s expected to benefit from an expected reduction in the cost of batteries in 2025, and reap reward from chief executive Elon Musk’s tight-knit relationship with Trump. AMP chief economist Shane Oliver said the Australian dollar could face a “rough ride” under Trump, though he noted that lower spending in the US could put upward pressure on the Aussie dollar. “It wouldn’t surprise me if as the US economy cools down into next year, that it leads to lower services inflation, which leads to lower inflation,” said Oliver, who expects constrained global growth in 2025. “The Aussie dollar could turn less than 60¢ on the downside, or head towards high 60s if the US Federal Reserve turns dovish, and the Chinese stimulus comes strong.” The RBA is expected to cut interest rates as early as February, as underlying inflation falls further and unemployment rises. The federal election, slated for sometime between March and May, might prompt an increase in government spending although is unlikely to influence short-term economic policies. Weak Chinese economic data released this month renewed calls for an increased stimulus from its government, which could promise increased trade opportunities for Australian businesses. Liu thought investors could expect “more and more” targeted stimulus packages from the Chinese government, as it loosens its policies in a bid to supercharge a slowing economy. “Policymakers have been very clear – they will keep stimulating until they get it right,” Liu said. “Given the underperformance of the [Australian] utilities sector, the stimulus will provide a tailwind for them.” Miners are also expected to benefit from new Chinese stimulus packages, and from movement across global currencies. “You would expect the US dollar to eventually roll over, and the rolling over would allow the pushing up of commodity demand, which is to the benefit of our mining sector,” Amir said. “It will make for – all in all – a pretty good year.” The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning . Save Log in , register or subscribe to save articles for later. License this article Investing Shares Aussie dollar ASX Limited Trump's America Donald Trump More... Daniel Lo Surdo is a reporter at The Sydney Morning Herald. Connect via email . Most Viewed in Business Loading
Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over US President-elect Donald Trump a “huge concern”. In an interview with the news magazine Der Spiegel published on Friday ahead of the release of her memoir, Merkel said the job of politics was ultimately to balance the interests of ordinary and powerful citizens. “If this ultimate recourse is influenced too strongly by companies, whether through capital power or technological capabilities, then that is an unprecedented challenge for all of us,” she said. She cited the example of Musk, chief executive of Tesla and SpaceX, who was tapped by Trump to co-lead a new Department of Government Efficiency that the incoming president has indicated will operate outside the confines of government. “If a person like him owns 60% of all satellites orbiting in space, then that has to be a huge concern for us in addition to the political issues,” Merkel said. SpaceX runs the satellite Internet provider Starlink, which has over 6,000 satellites in space and is used by consumers, companies and government agencies. Merkel’s memoir, entitled Freedom: Memories 1954-2021 and written before Trump’s re-election, will be published in more than 30 countries on November 26. Merkel told Spiegel that his victory had filled her with sadness. “If someone in politics does not allow for win-win situations, but only ever recognises winners and losers, then that is a very difficult task for multilateralism,” she said. In her book, which she will launch in December in the United States at an event with former US president Barack Obama, Merkel describes her dealings with Trump as well as other world leaders, including Russian President Vladimir Putin. Its release comes as she faces pressure to defend the legacy of her 16 years in power in the light of Germany’s current economic and political difficulties, and growing international crises. Related Story QU college's innovative curricula keep pace with labour market Trump scores emphatic victory over HarrisThe United States on December 2 announced a new $725 million military aid package for Ukraine that includes another shipment of landmines and ammunition for High Mobility Artillery Rocket Systems (HIMARS) and other artillery systems, Stinger missiles, and drones. The United States announced a first shipment of land mines last month in a move that U.S. Defense Secretary Lloyd Austin said was necessary because Russian forces were using dismounted infantry units instead of vehicles to lead their advances. The Ukrainian defenders "have a need for things that can help slow down that effort," Austin said. The Biden administration is working to provide more aid to Kyiv before President-elect Donald Trump takes office. Trump has repeatedly criticized U.S. assistance to Kyiv. U.S. Secretary of State Antony Blinken in a statement called the new aid a “significant package of urgently needed weapons and equipment.” The Taliban has ordered all private educational institutions in Afghanistan to cease female medical education starting December 3, according to two informed sources who spoke on condition of anonymity. The directive from the Taliban's supreme leader, Mullah Haibatullah Akhundzada, was announced on December 2 during a meeting of the extremist group's Public Health Ministry in Kabul. The two sources told RFE/RL that the heads of the private medical institutions affected by the order were summoned to the ministry for the announcement. As a result of the order, all institutions offering training in midwifery, dental prosthetics, nursing, and laboratory sciences are now barred from enrolling or teaching female students, the sources said. Taliban spokesmen were not immediately available for comment. Polish authorities have arrested Irina Rogova, the wife of the former coordinator of the now defunct Open Russia project, on charges of espionage. Rogova (aka Moseikina) will remain in custody for three months, according to a report by the Vot Tak online channel citing the Polish Prosecutor-General's Office. The primary charge is espionage linked to aiding an attempt to commit a crime, Polish officials said but gave no further details. The case appears to be part of a broader investigation. Poland’s Internal Security Agency on November 27 conducted a search of the residence of Danila Buzanov, a Russian acquaintance of Rogova and her husband, Igor Rogov. According to Buzanov, agents inquired about possible ties between Igor Rogov and Russia’s Federal Security Service (FSB). "They asked questions like, 'Do you know this man?' and 'Did Irina ever mention Igor’s connections to the FSB?'" Buzanov told journalists. Igor Rogov was arrested in late July in the Polish city of Katowice. He faces charges of making a direct threat to the lives and health of numerous individuals as well as significant property damage through sabotage. Despite these allegations, no charges of espionage have been brought against him. Open Russia was a Russian pro-democracy organization established by Mikhail Khodorkovsky, a self-exiled former oil magnate and outspoken critic of the Kremlin. The group aimed to promote civil society, democracy, and human rights in Russia. Over the years, it became a platform for opposition figures, activists, and independent journalists. The Russian government labeled Open Russia as an "undesirable organization" in 2017, effectively banning its activities in the country. Members and affiliates faced harassment, legal persecution, and accusations of extremism or foreign collaboration. The group's coordination efforts extended across Europe, engaging with Russian diaspora communities and advocating against the Kremlin’s authoritarian policies. Igor Rogov’s role as a coordinator for Open Russia suggests his work may have included organizing opposition activities or disseminating critical information about Russian governance, potentially putting him under the scrutiny of Russian intelligence agencies. Polish authorities have not confirmed whether Rogov’s involvement with Open Russia is directly linked to the charges of espionage against his wife. BAKU -- A district court in the Azerbaijani capital on December 2 fined the chairman of the opposition Popular Front Party of Azerbaijan (AXCP), Ali Karimli, over accusations that he defamed a bitter rival in connection with his expulsion from the party five years ago. Tempers flared outside the Nasimi District courthouse before Judge Babek Panahov handed down the fine of 1,500 manats ($882) against Karimli, who announced his intention to appeal the decision. AXCP representatives said police detained multiple people after ordering Karimli supporters gathered outside to disperse and to move their vehicles before the court session began. Karimli tweeted that "Using force, the police detained six activists of the [AXCP]." RFE/RL efforts to learn details of the detentions from the Interior Ministry were unsuccessful. The case has drawn criticism from domestic observers and international human rights organizations, further highlighting concerns about judicial independence in Azerbaijan. The accusation stems from a complaint filed as a special indictment against Karimli. Aydin Aliyev, a former AXCP member expelled five years ago but subsequently reinstated by court order, accused Karimli of slandering him in television appearances by alleging that Aliyev was collaborating with government authorities. He has sought Karimli's prosecution under a defamation article of the Criminal Code. Karimli denies the accusation, arguing that Aliyev’s actions were inconsistent with AXCP’s political agenda, thus justifying his expulsion. He and his lawyer said the ruling -- after a monthslong delay -- appeared to lack legal reasoning. "The Azerbaijani authorities dragged this case on for four months, despite knowing that neither the Azerbaijani public nor the international community took it seriously," Karimli said. "Arresting a political opponent on such an absurd charge would have been indefensible, so they chose this measure instead." President Aliyev has ruled the oil-rich South Caucasus state with an iron fist since 2003 after taking over from his father, Heydar, who was president for a decade. Belarus law enforcement officers have raided the home of the 85-year-old grandmother of Syarhey Skulavets, a former journalist for the opposition media outlet Belsat, in another sign of the government's continued crackdown against independent media. Skulavets, who fled Belarus in the summer of 2023 due to growing fears of being arrested for his journalism, said in a post on Facebook on December 1 that officers, who identified themselves as investigators and KGB agents, searched his grandmother's home and asked questions about his activities. Belsat is a Belarusian-language television channel that operates from Poland, broadcasting critical news and analysis about the government of the authoritarian ruler of Belarus Alyaksandr Lukashenka. Since its launch in 2007, Belsat has become one of the most prominent independent media outlets for Belarusian audiences. The channel's outspoken coverage of political events, including the disputed 2020 presidential election and the violent crackdown on protests that followed, has made it a target for the authoritarian government. Journalists working for Belsat have faced harassment, intimidation, and arrests both within Belarus and abroad. Skulavets's account of the raid underscores the regime's strategy of targeting family members of dissidents. Although the search's precise motivations remain unclear, the authorities appeared to be focused on finding information about Skulavets and his work. The officers reportedly examined mobile phones, posed questions, and took notes, with Skulavets's father informing him that the officers showed no interest in his personal belongings, only in his association with the journalist. Skulavets also shared that his family had recently received phone calls from individuals claiming to be from the Department of Financial Security. The callers expressed concern about not being able to reach Skulavets, hinting the government may be using additional methods to intimidate and pressure him and his loved ones. This incident also underscores the broader context of Belarusian media censorship since a disputed 2020 election sparked massive protests amid claims the vote was rigged to hand Lukashenka a sixth consecutive term in power. Belsat, along with other independent outlets, has been a particular focus of these efforts, with its journalists being branded as enemies of the state. The international community, including human rights groups, has repeatedly condemned the actions, calling for an end to the harassment of journalists and their families. German Foreign Minister Annalena Baerbock on December 2 warned her Chinese counterpart that Beijing's support for Russia would "impact" ties, according to her office. Germany's top diplomat met in Beijing with her counterpart Wang Yi for a "strategic dialogue," as Berlin seeks to build better ties with China while engaging on key differences. Baerbock told Wang that "increasing Chinese support for Russia's war against Ukraine has an impact on our relations," according to a readout by the German Foreign Ministry. "Core German and European security interests are affected," she said. China presents itself as a neutral party in the Ukraine war and says it is not sending lethal assistance to either side, unlike the United States and other Western nations. But it remains a close political and economic ally of Russia and NATO members have branded Beijing a "decisive enabler" of the war, which it has never condemned. Estonia says that it has jointly agreed along with Latvia and Lithuania to introduce national sanctions against "those who suppressed legitimate protests in Georgia" amid the ongoing turmoil in that Black Sea post-Soviet republic. Estonian Foreign Minister Margus Tsahkna announced the move via social media on December 2, adding , "Opponents of democracy & violators of human rights are not welcome in our countries." Georgian authorities have acknowledged detaining at least 224 people in the four days since Georgian Dream party Prime Minister Irakli Kobakhidze said Tbilisi was suspending its EU membership talks through 2028. The decision sparked protests and a harsh crackdown in an already tense post-election atmosphere with constitutional challenges mounting between outgoing President Salome Zurabishvili and the government. Iran said on December 2 that it plans to keep military advisers in Syria after its ally's second city, Aleppo, was overrun by rebels in a surprise offensive. The Islamic republic, which has backed President Bashar al-Assad since Syria's civil war broke out in 2011, says it only deploys military advisers in the country at the invitation of Damascus. "We entered Syria many years ago at the official invitation of the Syrian government, when the Syrian people faced the threat of terrorism," said Foreign Ministry spokesman Esmaeil Baqaeil. "Our military advisers were present in Syria, and they are still present" and would remain in the country "in accordance with the wishes" of its government, he told a news conference in Tehran. Baqaeil did not specify whether or not Iran would be increasing its forces in Syria in the wake of the lightning rebel offensive. His remarks come a day after Iran's Foreign Minister Abbas Araghchi met with Assad in Damascus to show support for the Syrian president. KYIV -- German Chancellor Olaf Scholz arrived in Kyiv on an unannounced visit on December 2 vowing to deliver hundreds of millions of euros in additional weapons for Ukraine's defense this month, with questions mounting among Kyiv's allies and signs of a possible diplomatic shift around the 3-year-old full-scale Russian invasion. Scholz's visit follows Ukrainian President Volodymyr Zelenskiy's suggestion that an invitation of NATO membership even limited to territory under Kyiv's control could put an end to "the hot stage of the war." It also comes ahead of a U.S. presidential transition in January and a German election expected in February. After arriving by train on December 2, Scholz met in Kyiv with Zelenskiy for the first time since the Ukrainian president publicly accused Scholz of opening a "Pandora's box" and easing Moscow's isolation by speaking by phone with Russian President Vladimir Putin last month. Scholz has also been among the more cautious NATO leaders concerning possible alliance membership for Ukraine. It is also Scholz's first Ukraine visit since the months following Russia's nearly full-scale invasion, which started in February 2022. In a post on X, he pledged that "Germany will remain Ukraine's strongest supporter in Europe." "At the meeting with President Zelenskiy, I will announce additional weapons worth 650 million euros, which are to be delivered in December," he added. Scholz and Zelenskiy jointly visited wounded Ukrainian soldiers. Dpa quoted Scholz as lauding the Ukrainian people's defense of their country "in a heroic manner against Russia's merciless war of aggression" for more than 1,000 days. "Ukraine can rely on Germany. We say what we do. And we do what we say." A German Defense Ministry spokesperson said the aid bound for Ukraine this month includes IRIS-T air-defense systems, Leopard 1 tanks, and weaponized drones. It will also include winter equipment and handheld weapons, the spokesperson said. Scholz's main conservative rival in the upcoming German elections, Friedrich Merz, has accused him and his Greens partners of being slow and overly cautious in their government's supply of aid to Ukraine. Western supporters led by Washington last month gave permission for Ukraine to use their weapons for long-range strikes even deeper inside Russia, adding a new wrinkle to the conflict that Kyiv had long desired. Kremlin spokesman Dmitry Peskov said of Scholz's visit that it had no "expectations" and it was part of Berlin's "continuing...line of unconditional support to Ukraine." U.S. President-elect Donald Trump has vowed to take swift and dramatic action to end the Ukraine war but provided no details. Sources told RFE/RL's Hungarian Service last week that Trump had held multiple conversations with Hungarian Prime Minister Viktor Orban since winning the U.S. presidential election in early November and the two had discussed possible routes toward ending the conflict. Orban has consistently criticized EU and U.S. policies since Russia's unprovoked invasion began in February 2024, and launched his own uncoordinated "peace mission" with visits to Kyiv, Moscow, and Beijing in July -- a move that infuriated Brussels. NATO's mission in Kosovo says it has withheld authorization for a request by Pristina to deploy the ethnically fractured country's national security body, the Kosovo Security Force (KSF), to the Serb-majority northern region where an explosion last week damaged a water canal and ratcheted up tensions. Kosovar officials have accused neighboring Serbia of involvement, without providing evidence -- a charge Serbian President Aleksandar Vucic rejected before vowing to conduct an investigation and hinting cryptically, "We have information about who might be the perpetrator." NATO's KFOR mission confirmed to RFE/RL's Kosovo Service on December 1 that Kosovar authorities had asked to deploy the KSF to the northern area of Zubin Potok, a region where the transatlantic alliance and European civilian mission EULEX have helped keep the peace for years. “The KFOR Commander has not given such authorization, based on his security assessment and the actions already undertaken by KFOR," the NATO force said in a written response. Serbia rejects independence for its former province, and decade-old talks facilitated by the European Union to normalize relations between Pristina and Belgrade have largely stalled. Belgrade has long maintained parallel institutions in northern Kosovo that serve the tens of thousands of Serbs there who mostly reject Kosovar central authority. Pristina has essentially pledged since a 2013 agreement not to deploy its mostly ethnically Albanian forces to the northern region without KFOR's prior consent. Kosovar Prime Minister Albin Kurti called the November 29 blast that damaged the canal supplying water to his country's two main coal power plants a "criminal and terrorist attack" by northern neighbor and bitter rival Serbia. The attack did not cause any casualties but threatened power disruption as the region hunkers down for the onset of winter. Drinking water supplies to Pristina were also said to be at risk. "KFOR has deployed units to secure the Zobin Potok area of the damaged water canal," KFOR told RFE/RL . "KFOR has also offered additional assistance to the Institutions in Kosovo, including logistical and explosive ordnance disposal support." It said it was in contact with all key partners and was monitoring events. At a press conference late on December 1, Kurti avoided saying whether he had sought KFOR permission for a deployment but acknowledged Pristina was "constrained" by the 2013 deal. The next day, Kurti invited foreign envoys for a meeting to discuss the situation. Afterward, U.S. Ambassador to Pristina Jeffrey Hovenier said Washington doesn't know who was behind the attack. But, he added, "Once it is...determined who is responsible, we will work with the proper authorities to ensure that they are held accountable." Kurti, whose ruling Self-Determination Movement (Vetëvendosje) is facing national elections next year, has spent much of the past year squeezing out dinar payments, Serbian postal and banking ties, and other Serbian-dominated aspects of everyday life in northern Kosovo. EU and U.S. officials have repeatedly warned his government to refrain from unilateral and potentially provocative steps. The explosion in the village of Varrage, in the Zubin Potok municipality, created a large crack in the Iber-Lepenc canal. The waterway, which originates at Ujman (Gazivoda) Lake, supplies water to the entire northern region of Kosovo, the Mitrovica regions, and Pristina and its surroundings, including the Kosovo Energy Corporation for cooling its power plants. TBILISI -- Police again moved to disperse thousands of demonstrators in Tbilisi on December 2 after more than 200 people were detained during four previous nights of protests amid anger over government plans to suspend EU accession talks through 2028. Police in ski masks used water cannons and tear gas to drive protesters away from the parliament building, where they have gathered each night since November 28 when the ruling Georgian Dream party declared its decision on EU talks. Protesters continued marching even amid clouds of tear gas released in the streets in the early hours of December 3. Police in Tbilisi used similar tactics the night before to prevent a protest near parliament and made dozens of arrests. RFE/RL journalists said police arrested and beat several demonstrators after they were dispersed around 2 a.m. on December 2. The brother of an RFE/RL producer described the scene inside a police minivan after he and his sibling were arrested. There was a pool of blood on the floor of the vehicle, which was filled with protesters who had been beaten, Tornike Beradze told RFE/RL. Tornike Beradze was taken to a clinic to be treated for a concussion, while his brother, Beka, was placed in a pretrial detention facility. Both are scheduled to be released on December 3. Tornike Beradze said riot police aggressively questioned his brother, who was walking in front of him and a friend. They told the police officers that, if the street was blocked, they would take a different route, but the police started throwing punches. "I tried to call my brother, be careful, but when I looked back to say that, I had a few more fists in my face,” he told RFE/RL. “As many times as I lifted my head up, there were so many fists, all the special forces who met us were hitting me.” The Interior Ministry said that 224 protesters were detained on administrative charges and three on criminal charges. In addition, three police officers were hospitalized and 113 others have required medical treatment, the ministry said on December 2. Georgian President Salome Zurabishvili said on X that many of the arrested protesters had injuries to their heads and faces. Some people were subjected to systematic beatings between arrest and transportation to detention facilities, she added. "It's everything but a revolution. This is a huge, I would say, national movement that has truly spread across the entire country, geographically and socially, encompassing all segments of the population," Zurabishvili said earlier on December 2 in an interview with Reuters. Special forces wearing masks are part of the "violent repression on protesters" taking place on the night of December 2-3, she told CNN, calling it "a step further...against freedom of expression." The government is carrying out a policy to try to limit the expression of the Georgian people not to go toward Russia, she said. The response follows Prime Minister Irakli Kobakhidze's "outrageous decision" on EU membership talks, she said. Kobakhidze warned the opposition that “any violation of the law will be met with the full rigor of the law.” Politicians who "hide in their offices and sacrifice members of their violent groups" also will not escape "severe punishment,” he said. Kobakhidze said earlier that Zurabishvili must leave office at the end of her term later this month. His announcement came despite her pledge to stay in office "until a president is legitimately elected" after Georgian Dream, which has ruled the country for over a decade, claimed national elections last month. Zurabishvili and the opposition have alleged fraud and other improprieties and refuse to recognize the new parliament, which last week scheduled an indirect election for a new president for December 14 despite ongoing legal challenges. "There is no legitimate parliament, and therefore, an illegitimate parliament cannot elect a new president," she said on November 30. A majority of Georgians support EU membership, and efforts to join the bloc are mandated in the Georgian Constitution. But the ruling Georgian Dream's enactment this year of what Zurabishvili and critics call a "Russian law" clamping down on NGOs and media financed from abroad, as well as a controversial bill on LGBT rights and public attacks on the West by Kobakhidze and other officials, have raised fears the current government is leading the country back into Russia's orbit. Western governments have questioned the October parliamentary elections -- in which Georgian Dream claimed 54 percent of the vote -- arguing the elections were marred by violations and Russian influence. Georgia received EU candidate status in December 2023 but relations with Brussels have soured in recent months, beginning with the adoption of the controversial "foreign agent" law, which critics say threatens to publicly discredit thousands of media outlets and civil society groups as "serving" outside powers. Germany said on December 2 that it still supported Georgia's bid for EU membership, while the Baltic states threatened to impose sanctions on Georgian leaders who oppose the country's move toward joining the group. "The door to Europe remains open for Georgia. But what is important is that Georgia decides to take this path, and the people we see protesting want to take this path," said German Foreign Ministry spokesman Sebastian Fischer. Estonian Foreign Minister Margus Tsahkna announced on December 2 that Tallinn had jointly agreed with Latvia and Lithuania to introduce sanctions against "those who suppressed legitimate protests in Georgia." "Opponents of democracy & violators of human rights are not welcome in our countries," Tsahkna said on social media. The United States in July announced it would pause more than $95 million in assistance to the Georgian government, warning that it was backsliding on democracy. BUCHAREST -- Romania's Constitutional Court has recognized the results of the first round of the presidential election and confirmed that the second round will be held on December 8. The runoff will see far-right and pro-Russian candidate Calin Georgescu face off against the pro-Western Elena Lasconi, who immediately announced the start of her second-round campaign after the court's decision. “Thank you for not playing Russian roulette with the right to vote," Lasconi said after the court's decision, which followed a recount ordered by the court. "I am a supporter of the law and the constitution. God will help us again this time to fight for democracy and keep Russia away from our country," she added, pledging to "unite all Romanians" if elected president. Romania's president has significant decision-making powers, including on matters of national security and foreign policy. Elected for a five-year term, the president can also reject party nominees for prime minister and government nominees for judicial appointments. After a recount of ballots cast in the first round, the Constitutional Court unanimously rejected a request to challenge the election. The ruling came after Romania's ruling Social Democratic Party (PSD) won pivotal parliamentary elections held on December 1, preliminary results show, setting the stage for talks to form a pro-Western coalition that could prove to be difficult. Preliminary figures gave the PSD the lead over the far-right, ultranationalist Alliance for the Unity of Romanians (AUR). With all polling stations reporting, the PSD had 22.3 percent of the vote to the AUR’s 18.3 percent. The center-right Liberal Party (PNL) -- a junior coalition partner to the PSD -- had 14.3 percent, while another center-right party, the Save Romania Union (USR), followed with 12.3 percent. With no party -- as expected -- reaching a parliamentary majority, hard negotiations are expected to follow on forming a government and could depend on the outcome of next week's presidential runoff. As the party that gained the most votes, the PSD will likely be asked to nominate a prime minister. Analysts have suggested a tenuous coalition could develop with the left-leaning PSD and the center-right PNL and USR combining forces. Such a development would help ensure Romania's pro-Western policies against the emerging far-right -- and often Russian-friendly -- parties. Turnout was reported at 52.36 percent, or about 9.43 million voters, the highest in parliamentary elections in 12 years, according to officials. Voter turnout in the 2020 parliamentary election was about 32 percent. No major irregularities were reported during the balloting. More than three dozen parties and coalitions, along with independent candidates, competed for seats in the bicameral legislature: 329 seats in the Chamber of Deputies and 136 in the Senate. Senate results were similar to the results of the vote for the Chamber of Deputies. Along with the divide between the East and West, Romanians have expressed concerns about the country's ailing economy and rampant corruption. Toomaj Salehi, an Iranian rapper who was acquitted in court after being sentenced to death over his protest songs against the Islamic republic, was released from custody on December 1, a news agency linked to the judiciary reported. Mizan quoted the Isfahan judiciary as saying that “Salehi, sentenced to one year in prison for the crime of propaganda against the state, was released from prison after serving his sentence.” Salehi was sentenced to death by the Isfahan Revolutionary Court in May on a "corruption on Earth” charge, but the Supreme Court overturned the punishment. Salehi was arrested in October 2022 after making statements in support of protests that followed the death of Mahsa Amini, a woman who died in police custody for allegedly wearing her head scarf improperly. To read the original story by RFE/RL's Radio Farda, click here . BELGRADE -- Serbia is conducting a "serious investigation" into the explosion on the Ibar-Lepenac Canal in Kosovo, President Aleksandar Vucic said as he again rejected accusations by Pristina that his government was involved in the attack. "Belgrade and Serbia had no knowledge [of the incident], nor would it ever occur to us to do that, and we will prove it,” Vucic said in a public address on December 1, without providing details. “We have some suspicions, but we will not talk about them. We have information about who might be the perpetrator," he added. Vucic emphasized that he "does not want to say that [Kosovo Prime Minister Albin] Kurti organized everything" but said the investigation "will show everything." He also accused Kurti of using the incident to bolster his grip on the north of Kosovo, where a local Serbian majority refuses to recognize the government in Pristina and looks to Belgrade as their capital. Vucic said Serbia is ready to work with the European Union, NATO-led KFOR, and even Pristina in the investigation. The explosion on November 29 struck a canal that sends water to Kosovo's two coal-fired power plants -- which account for most of the country's power output -- and provides much of Kosovo's water supply. Kurti called the blast a "criminal and terrorist attack" by northern neighbor and bitter rival Serbia, without providing evidence, and said the attack aimed to "damage perhaps the most important infrastructure" in the country. On November 30, Kosovo said it had arrested eight people on charges related to the blast. Police alleged that most of those detained belonged the ethnic-Serbian group Civilna Zastita (Civil Protection), which Kosovo has declared a terrorist organization. The EU, without placing blame, on November 30 denounced the explosion at the Kosovo canal as a "terrorist act." "It is a despicable act of sabotage on Kosovo's critical civilian infrastructure, which provides drinking water for considerable part of Kosovo's population and is a vital component of Kosovo's energy system," the bloc's top diplomat, Josep Borrell, said in a statement. Washington also condemned the attack, with spokesman Matthew Miller saying, “We will support efforts to find and punish those responsible and appreciate all offers of support to that effort.” Tensions are habitually high between the two Balkan neighbors. Serbia has not recognized Kosovo's independence, which it declared in 2008. Kosovo has an ethnic Serbian majority in several districts, while ethnic Albanians overwhelmingly populate the rest of the Balkan country . TBILISI -- An RFE/RL journalist says he was beaten and arrested by security forces as he walked near Georgia's parliament in Tbilisi. Jano Chkadua, a lawyer for Beka Beradze, told RFE/RL that his client said he was walking in the vicinity of an anti-government rally early on December 1 when he was seized by security personnel. Details remain scarce, but Beradze told his lawyer he was not working at the time and was walking with friends near his home in the area of the protests sparked by a government decision this week to halt the country's European Union membership drive until 2028. After being seen by a doctor, Beradze was transferred to a temporary detention center, Chkadua said. Chkadua told RFE/RL that Beradze had noticeable injuries on the right side of his forehead. "When they discovered he was a journalist at RFE/RL, they became more aggressive and began beating him. He was then thrown into a minivan with other detainees and beaten for about an hour," Chkadua alleged. The allegations could not immediately be confirmed. The Ministry of Health said 44 people had been injured overnight on November 30-December 1. More than 100 people have been arrested in the past three days, according to authorities, as Georgia has been thrown into turmoil since the Russian-friendly Georgian Dream party claimed victory in disputed parliamentary elections in October. Pro-Europe Georgians have also been angered by an announcement from Prime Minister Irakli Kobakhidze that his government was suspending EU accession talks and would reject budgetary grants from Brussels "until the end of 2028." Georgia's Interior Ministry has claimed that protesters have “verbally and physically” assaulted police officers and had thrown various objects at security forces. However, various videos from the rally showed police beating protesters. Reacting to the crackdown , Kobakhidze suggested on November 30 that there were "isolated" incidents of police brutality but "systemic violence" against security forces by protesters. The United States, meanwhile, on November 30 condemned Georgian authorities for what it called "the excessive use of force by police against Georgians seeking to exercise their rights to assembly and expression." Thousands of Serbs marched to mark one month since the collapse of a concrete train station canopy that killed 15 people in the city of Novi Sad, with youth groups joining a procession from the station to central Freedom Square on December 1. During the walk, marchers stopped 15 times and silently paid respects to each of the 15 fatalities. Red paint representing blood was spread as "red messages" to the authorities. The November 1 incident has turned into a political headache for President Aleksandar Vucic and his ruling party, with protesters demanding those responsible be held accountable. The accident occurred after the railway station, built in 1964, had been renovated twice in recent years by a Chinese-led consortium. To read the original story by RFE/RL’s Balkan Service, click here . TBILISI -- Georgia's prime minister has said President Salome Zurabishvili must leave office at the end of her term later this month, despite her pledge not to, while anti-government protesters -- who are supported by Zurabishvili -- took to the streets again, scuffling with security forces at key sites in the capital. Demonstrators gathered on December 1 in the courtyard of the Channel 1 public broadcaster, blocking the entrance and vowing to stay until leaders of the organization resign. Protesters also demanded the broadcaster report on the demonstrations of the pro-European groups as they stand opposed to the Russian-friendly Georgian Dream-led government. Channel 1 said in a statement that "viewers are watching the unprecedented pressure” on its journalists. "Channel 1 was and will remain free and will defend editorial independence despite any pressure," it said. There were no immediate reports of arrests or injuries at that site or near the parliament building, but video by Current Time showed large crowds of protesters and security personnel facing off, with water cannons and tear gas being fired. The Interior Ministry warned “the aggressive participants of the rally to stop illegal activities, otherwise the ministry will take appropriate measures granted by law." It also warned parents to keep their children away from the “violent environment.” Shortly thereafter, police began moving protesters away from the parliament building and erected barricades. Prime Minister Irakli Kobakhidze's comments earlier in the day set up a showdown with Zurabishvili, a day after she called the newly elected parliament illegitimate and vowed to remain as president. Demonstrations in the capital, Tbilisi, have turned increasingly chaotic and violent. Georgia has plunged deeper into a political crisis that started in late October, when the ruling Georgian Dream party claimed victory in parliamentary elections. The opposition said the vote was marred by fraud. Western countries have called for an investigation. Thousands of demonstrators had returned to the streets of Tbilisi on November 30 for a third night to protest against the government's decision to suspend accession talks with the European Union. In central Tbilisi, police fired tear gas and water cannons at demonstrators, some of whom chanted "traitors" and held photographs of journalists who they say were beaten by police. Demonstrators have erected barricades on Tbilisi's main avenue. More than 200 people have been arrested in the past three days, officials said. Zurabishvili, who has allied herself with pro-European opposition, asserted that parliament does not have the right to choose her successor following the end of her term in December and she vowed to remain in office. "There is no legitimate parliament, and therefore, an illegitimate parliament cannot elect a new president," she said on November 30. "Thus, no inauguration can take place, and my mandate continues until a legitimately elected parliament is formed," she said On December 1, Kobakhidze dismissed her pledge, saying she would have to leave the office. Kobakhidze also dismissed the United States' announcement that it would suspend its strategic partnership with Georgia. Calling it a "temporary event," he said his government would talk to the new administration of President-elect Donald Trump when it takes office in January. Kobakhidze also accused opponents of the halt to EU talks of plotting a revolt, along the lines of Ukraine's 2014 Euromaidan protests. Sparked by the president's decision to spurn closer ties with the EU, months of protests in Kyiv culminated that February in violent street clashes. The president, Viktor Yanukovych, later fled the country. "Some people want a repeat of that scenario in Georgia," he said. "But there will be no Maidan in Georgia." A State Department spokesman criticized the decision to suspend EU talks, saying it "made Georgia more vulnerable to the Kremlin." "The United States condemns the excessive use of force by police against Georgians seeking to exercise their rights to assembly and expression, including their freedom to peacefully protest," Matthew Miller said in a statement. U.S. authorities have sought to pressure Georgian officials , imposing sanctions on dozens of government officials whom Washington said had "undermined" democracy and human rights in the country. The European Union's new foreign policy chief warned Georgian authorities over violence against demonstrators. "It is clear that using violence against peaceful protesters is not acceptable, and the Georgian government should respect the will of the Georgian people," Kaja Kallas told journalists during a trip to Ukraine. President Vladimir Putin has approved a new, multiyear budget that sets defense spending for next year at record-high levels, signaling no let-up in Russia's determination to defeat Ukraine. The approved budget, which was published on the government’s main website on December 1 , calls for 35.5 percent of all spending to be allocated for national defense in 2025. That’s up from a reported 28.3 precent this year. The spending plan had been approved by both houses of Russia’s parliament over the previous 10 days. At 13.5 trillion rubles ($145 billion), defense-related spending is at a level not seen since the Cold War. While the budget showcases the government’s intention to pump money into the armed forces and security agencies, it also shields up to a third of expenditures from public scrutiny – a break from past budgets. The government has presented the draft budget as "balanced", with the deficit falling to 0.5 percent compared to this year's projected deficit of 1.7 percent. The flood of government spending has caused the economy to wobble in recent months . Officials have steadily ratcheted up already high wages and benefits for volunteer soldiers to fight in Ukraine, a sign that recruiting efforts are growing more difficult as the war stretches on more than 32 months. But that has resulted in labor shortages in many industries, driving up wages and prices. Prices for basic staples like potatoes or butter have skyrocketed in recent month. The unemployment rate has dropped to 2.4 percent The central bank, meanwhile, has hiked interest rates to levels not seen in years, in a bid to cool down the economy. But that in turn has dampened real estate transactions -- as mortgages become unaffordable -- and prompted business leaders to grouse about the potential for bankruptcies. Russia's invasion of Ukraine, which started in Feb. 2022, has become Europe’s biggest land war since World War II. Russia launched dozens of attack drones at the Ukrainian capital, officials said, in the latest of a series of air strikes that have battered Kyiv and its power grid. No injuries were immediately reported in the December 1 attack. Ukrainian air defenses shot down about a dozen of the drones, military administrator Serhiy Popko said in a post to Telegram. In the southern city of Kherson, however, Russian drones killed at least three people were killed and seven others were wounded, regional Governor Oleksandr Prokudin said . Ukraine’s air force said 78 drones in total were launched at targets across the country overnight, and it claimed 32 of them were intercepted or downed. Another 45 drones were "locationally lost," the force said, as a result of electronic jamming. For months now, Russia has pummeled Ukraine with both drones and missiles, targeting not only military sites but also energy infrastructure in what appears to be an effort to demoralize and exhaust the civilian population. Experts have warned that large parts of Ukraine could face heating or power outages or blackouts during the winter. Ukraine has used its own drones to target Russian infrastructure and other sites across the border. In the Bryansk region, a child was reportedly killed by a Ukrainian drone early December 1, Governor Alexander Bogomaz said in post to Telegram. In Kyiv, meanwhile, the European Union's newest top officials arrived in a show of solidarity with the Ukrainian leadership. The trip by European Council President Antonio Costa and Kaja Kallas, the EU's foreign policy chief, came on their first day in their new roles. "From day one of the war, the EU has stood by the side of Ukraine," Costa said in post to X. "From day one of our mandate, we are reaffirming our unwavering support to the Ukrainian people." Both Kallas and Costa have been strong supporters of Ukraine since Russia's February 2022 invasion, and their visit comes as Kyiv struggles to hold off a relentless Russian offensive across large parts of the 1,100-kilometer front line. The European Union says its institutions and member countries have provided around $133 billion in aid to Ukraine since the start of the all-out invasion. "In my first visit since taking up office, my message is clear: the European Union wants Ukraine to win this war," Kallas wrote on X . "We will do whatever it takes for that." Speaking to reporters after talks with the visiting EU officials, Ukrainian President Volodymyr Zelenskiy argued that an invitation to join NATO was necessary for his country’s survival. And he said there was still time for the United States to convince "skeptics" in Europe about membership in the alliance. NATO has stated that Ukraine should eventually become a member of the alliance, but resistance from some European allies has resulted in little progress toward that goal. For its part, Moscow has cited Ukraine's potential membership as one of several justifications for launching its all-out invasion. Zelenskiy also told reporters that an invitation to join must apply to all of Ukraine's territory. However, he conceded that the alliance’s defensive arrangement could not apply to the occupied parts of Ukraine. BUCHAREST -- Romania's ruling Social Democratic Party (PSD) appears to have taken an early lead in pivotal parliamentary elections, which could determine the fate of the country’s pro-Western policies, including its future assistance to Ukraine. The December 1 vote comes a week after the country’s disputed presidential election in which a pro-Russian, far-right candidate pulled off a surprise first-round victory. With 27 percent of polling stations reporting, the left-leaning PSD led with 24.3 percent of the vote, with the far-right, ultranationalist Alliance for the Unity of Romanians (AUR) next at 17.9 percent. Experts caution that such early official results can be misleading as votes from the larger cities often come last and could move results sharply in either direction. The official results reflect an exit poll conducted by CURS and released by Digi24 as voting ended at 9 p.m. in Bucharest, giving the PSD 26 percent, with the AUR next at 19 percent. The Liberal Party (PNL) -- a junior coalition partner to the PSD – and the center-right Save Romania Union (USR) followed with about 15 percent each in the exit polls. The party gaining the most votes will likely nominate the prime minister. If no party -- as expected -- reaches a parliamentary majority, hard negotiations will follow on forming a government and could depend on the outcome of next week's presidential runoff. Analysts have suggested a tenuous coalition could develop with the left-leaning PSD and the center-right PNL and USR combining forces. Such a development would help ensure Romania's pro-Western policies against the emerging far-right -- and often Russian-friendly -- parties. Experts have cautioned that exit polls could be misleading following surprising results from the presidential first round a week earlier and the fact that crucial diaspora voting is not included in the polls. Full results in the December 1 parliamentary elections -- which featured some 10,000 registered candidates -- are not likely to be known until at least midday on December 2, or even later. Far-right candidates, who also performed surprisingly well in the presidential election first round, were expected to make gains in the parliamentary voting. Turnout was reported at 52.36 percent, or about 9.43 million voters, the highest in parliamentary elections in 12 years, according to officials. Turnout in the 2020 parliamentary vote was reported at 32 percent. No major irregularities were reported by the early evening. Diaspora results – with some 643,000 eligible voters – could play a key role, although it is unclear which parties foreign-based Romanians favor. More than three dozen parties and coalitions, along with independent candidates, were competing for seats in the bicameral legislature: 329 seats in the Chamber of Deputies and 136 in the Senate. Exit polls indicated similar voting patterns for both legislative bodies. A preelection poll had showed the far-right AUR leading the pack with 22.4 percent backing, just ahead of the ruling Social Democrats at 21.4 percent. The AUR has staked out anti-Western positions, questioning Romania's membership in the European Union and NATO, alongside xenophobic and other conspiratorial rhetoric. Under outgoing President Klaus Iohannis, Romania has been a strong supporter of NATO , as well as neighboring Ukraine in its fight against the 2 1/2-year-old Russian invasion. A shift toward more Russian-friendly leaders could endanger support for Ukraine, analysts say. The center-right USR, meanwhile, was polling at 17.5 percent, according to the survey. Its candidate for president, Elena Lasconi, will face pro-Russian, far-right candidate Calin Georgescu in the December 8 runoff vote. The Liberal Party was listed at 13.4 percent. Along with the divide between the East and West, Romanians have expressed concerns about the country's ailing economy and rampant corruption. The diaspora vote is also expected to be heavy. By 7 p.m. Romania time, officials said more than 115,000 Romanians had voted in Italy, 110,000 in Britain, and 108,000 in Germany. Moldova is a key voting space for Romanian elections. Most of Moldova was part of Romania until the end of World War II and many Moldovans also hold Romanian citizenship. By 7:30 p.m., officials reported that more than 73,000 Romanian citizens had voted in Moldova. In last week’s presidential election, more than 80,000 cast ballots in the country. Experts have voiced caution about preelection polling figures, pointing to Georgescu's unexpected victory in the first round of the presidential vote on November 24. Lasconi, a small-town mayor who is a vocal supporter of Romania's NATO and EU alliances, finished second in that vote, barely beating leftist Prime Minister Marcel Ciolacu. The Central Election Bureau has begun a court-ordered recount of all ballots cast in the first round, as accusations swirled that Georgescu illegally used TikTok to boost his campaign, among other alleged irregularities. The Constitutional Court is expected to validate the first-round results on December 2 after the parliamentary vote is completed, people familiar with the court’s plans told RFE/RL's Romanian Service . Romania's president has significant decision-making powers, including on matters of national security and foreign policy. Elected for a five-year term, the president can also reject party nominees for prime minister and government nominees for judicial appointments. Moscow police on November 30 raided several bars and nightclubs in the Russian capital as part of the government’s crackdown on “LGBTQ+ propaganda,” state media reported. The Russian state-run TASS news agency said phones, laptops, and cameras were seized and club visitors had documents inspected. One year ago, Russia’s Supreme Court ruled to ban the “LGBTQ+ movement” as an “extremist organization." Russian authorities for years have engaged in a crackdown on LGBT rights throughout the country. Since December 2022, the dissemination of positive information about homosexuality, bisexuality, and transgenderism has been banned, subject to fines. To read the original story by RFE/RL’s Russian Service, click here . TBILISI -- Georgian President Salome Zurabishvili, an ardent critic of the ruling Georgian Dream party, called the nation’s parliament illegitimate and vowed to remain in office when her term ends next month, while Washington said it was suspending its "strategic partnership" with the country. Georgia has been thrown into turmoil since parliamentary elections in October -- in which Georgian Dream secured 54 percent of the vote -- with the opposition and Western governments arguing that the poll was marred by violations and Russian influence. Zurabishvili on November 30 said the “illegitimate” chamber does not have the right to choose her successor following the end of her term in December and vowed to remain in office. "There is no legitimate parliament, and therefore, an illegitimate parliament cannot elect a new president,” Zurabishvili said. “Thus, no inauguration can take place, and my mandate continues until a legitimately elected parliament is formed," she added, setting up a likely showdown over the office with Georgian Dream. Separately, Washington blasted the security measures used against Georgians who have taken to the streets following the disputed elections and after a November 28 announcement by Prime Minister Irakli Kobakhidze that his government was suspending EU accession talks and would reject budgetary grants from Brussels "until the end of 2028." "The United States condemns the excessive use of force by police against Georgians seeking to exercise their rights to assembly and expression, including their freedom to peacefully protest," State Department spokesman Matthew Miller said in a statement . "By suspending Georgia’s EU accession process, Georgian Dream has rejected the opportunity for closer ties with Europe and made Georgia more vulnerable to the Kremlin," he said. "Georgian Dream’s various anti-democratic actions have violated the core tenets of our U.S.-Georgia Strategic Partnership, which was based on shared values and commitments to democracy, rule of law, civil society, respect for human rights and fundamental freedoms, and anti-corruption efforts. As a result, the United States has suspended this mechanism." “We reiterate our call to the Georgian government to return to its Euro-Atlantic path, transparently investigate all parliamentary election irregularities, and repeal anti-democratic laws that limit freedoms of assembly and expression,” Miller added. More than 100 people were detained in a massive pro-EU rally in Tbilisi on November 29 as Georgian police used water cannons and tear gas to disperse protesters. Georgia's Interior Ministry said protesters had “verbally and physically” assaulted police officers and had thrown various objects at security forces. Various videos from the rally showed police officers beating protesters. Reacting to the crackdown, Kobakhidze suggested on November 30 that there were "isolated" incidents of police brutality but "systemic violence" against security forces by protesters. "On one side, there was violence, on the other side there were incidents," he said in a press conference. The opposition called for renewed protests on November 30, with several thousand demonstrators gathering near the parliament waving EU and Georgian flags. Officials said protesters damaged walls of the legislative building using stones and other objects. Police in riot gear used water cannons and tear gas to subdue the crowd shortly after midnight on December 1. Fires were also reported at the parliament grounds. On the first night of protests, some 43 demonstrators were detained "as a result of illegal and violent actions,” according to the Interior Ministry. Kobakhidze on November 30 said that a "difficult" few months lay ahead of Georgia but added that he expects relations with the West to "reset." Zurabishvili, who has long sided with the protesters, condemned the "brutal and disproportionate attacks on the Georgian people and media," likening the crackdown on November 29 to "Russian-style repression." The next day, she urged the Georgian diaspora to “wake up” and help protesters by speaking to the media and appealing to the authorities where they live. “[You] can no longer be silent and pretend nothing is happening in the homeland,” she wrote on Facebook. On November 28, the European Parliament passed a resolution calling for new legislative elections in Georgia and sanctions on senior members of the Georgian Dream party. In its resolution, the European Parliament said the election result election did "not serve as a reliable representation of the will of the Georgian people." It also called on the European Union, which froze Georgia's EU membership application last month, to place sanctions on key officials within the ruling party, including Kobakhidze, Georgian Dream Chairman Irakli Gharibashvili, billionaire power broker and party founder Bidzina Ivanishvili, and Tbilisi Mayor Kakha Kaladze. BUCHAREST -- Even as disputes remain over the first round of last week’s presidential election, Romanians return to the polls on December 1 to choose their parliamentary representatives as the battle between East and West rages in the Black Sea nation. The country’s far-right and often pro-Russia elements -- which performed surprisingly well in the presidential election -- are expected to make gains in the parliamentary vote as well. More than 10,000 candidates have registered to compete for seats in the bicameral parliament --329 seats in the lower house Chamber of Deputies and 136 in the Senate. A poll conducted by AtlasIntel indicated the far-right, ultranationalist Alliance for the Unity of Romanians (AUR) leading the pack with 22.4 percent backing, just ahead of the ruling the Social Democratic Party (PSD) at 21.4 percent. The AUR has staked out strongly anti-Western positions, questioning Romania's membership in the European Union and NATO, alongside xenophobia and conspiratorial rabble-rousing. Under incumbent Klaus Iohannis, Romania has been one of Kyiv's staunchest allies , but a shift toward more Russia-friendly leaders could endanger support for Ukraine in its war with Russia, analysts say. The center-right Save Romania Union (USR) was at 17.5 percent. Elena Lasconi, a pro-West former small-town mayor for the USR, will compete on December 8 in a runoff presidential vote against pro-Russia, far-right candidate Calin Georgescu. The Liberal Party (PNL) -- a junior coalition partner to the PSD – was listed at 13.4 percent. If no party wins a majority of seats, coalition negotiations will follow. The party gaining the most votes would likely nominate the prime minister. Along with the divide between the East and West, Romanians have expressed concerns about the ailing economy and rampant corruption. Voting began late on November 30 among the Romanian diaspora , which may be pivotal in the parliamentary election -- although it is not initially clear which parties it will favor. Moldova is a key voting space for Romanian elections. Most of Moldova was part of Romania until the end of World War II and many Moldovans also hold Romanian citizenship. Political parties must capture at least 5 percent of the votes at a national level to qualify for parliament. Political alliances of two parties must attain 8 percent, alliances of three parties must get 9 percent, and alliances of four parties or more must achieve 10 percent. Pre-vote polls may not be indicative of the final results, however. In the November 24 presidential first round, independent candidate Georgescu shocked the field by coming from nowhere to lead the voting, gaining nearly 23 percent. Lasconi, a staunch Euro-Atlanticist, finished second in that vote, barely beating favored leftist Prime Minister Marcel Ciolacu of the PSD and leading to the runoff against Georgescu. Ciolacu resigned as PSD party leader following his disappointing showing in the presidential election. Romania's Central Election Bureau has begun a court-ordered recount of all ballots cast in the first round of the presidential election, as accusations swirled that Georgescu illegally used TikTok to boost his campaign, among other alleged irregularities. The Constitutional Court ordered the recount on November 28 after officials from the Supreme Council of National Defense demanded that the authorities take "urgent" steps, saying Georgescu was granted "preferential treatment" by the social media platform. TikTok has denied any wrongdoing. Sources have told RFE/RL's Romanian Service that the Constitutional Court, which was originally set to validate the results of the first round of the election on November 29, will do so on December 2 after the parliamentary vote is completed. Romania's president has significant decision-making powers, including on matters of national security and foreign policy. Elected for a five-year term, the president can also reject party nominees for prime minister and government nominees for judicial appointments. Polish Prime Minister Donald Tusk in a visit to his country's border with the Russian exclave of Kaliningrad, called the development of military fortifications there and along the frontier with Kremlin ally Belarus "an investment in peace." "Everything we are doing here is meant to deter and discourage any potential aggressor, which is why this is truly an investment in peace," Tusk told a news conference on November 30. "We will spend billions of zlotys on this -- but right now all of Europe is watching with great satisfaction and will support these investments and our actions if necessary." The project -- called East Shield -- is designed to eventually protect 800 kilometers along the NATO nation’s borders with Russia and Belarus. Russian warplanes have joined Syrian air forces to bomb Islamist-led rebels who had taken much of the northwestern city of Aleppo in the biggest challenge to President Bashar al-Assad’s rule in the battle-torn Middle East nation in several years. Iran, meanwhile, said on November 30 that the rebels had attacked its consulate in Aleppo, calling it "aggression by terrorist elements," although it said there were no injuries and provided few details about the incident. The Russian and Iranian foreign ministers expressed support for longtime ally Syria, according to Iranian state media, which quoted Iran's Abbas Araqchi as telling Russia's Sergei Lavrov in a call that the attacks were part of an Israeli-U.S. plan to destabilize the region. The air strikes came a day after Islamists and their Turkish-backed allies breached Syria's Aleppo in a surprise offensive against forces of the Assad government. Reports on the ground said the rebels had captured much of the city, although details remained sketchy. The Syrian military confirmed that rebels had entered Aleppo. It did not confirm the air attacks, but Russia's Defense Ministry said its air force carried out strikes on the rebels. Kremlin spokesman Dmitry Peskov said on November 29 that Russia regarded the rebels’ actions as a violation of Syria's sovereignty. "We are in favor of the Syrian authorities bringing order to the area and restoring constitutional order as soon as possible," he said. Reuters quoted two Syrian military sources as saying that Russian and Syrian warplanes had targeted rebel sites in an Aleppo suburb on November 30. The sources said the Kremlin has promised Syria extra military aid, expected to arrive within two to three days. The Syrian Observatory for Human Rights, a war monitor, said the fighters, led by the Islamist extremist Hayat Tahrir al-Sham (HTS) movement, took control of "half of the city of Aleppo," forcing government forces to pull back. HTS in the past has had links to the Al-Qaeda and Islamic State (IS) extremist groups, although many leaders reportedly split off from those organizations. It was formerly known as Jabhat al-Nusrah and the Al-Nusrah Front, which was Al-Qaeda's affiliate in Syria and has been deemed a terrorist organization by the UN and the United States. In May 2018, the U.S. State Department added HTS to the Al-Nusrah Front's existing December 2012 designation as a foreign terrorist organization. The rebels’ offensive began on November 27, prompting the Syrian military to close all main roads in and out of the city. Rami Abdel Rahman, director of the Syrian Observatory, told RFE/RL's Radio Farda that the armed rebels had been preparing for the operation since September, but Turkey had so far prevented it from taking place. The Aleppo violence breaks a pause in the Syrian civil war, which has been mainly quiet over the past four years. The conflict involved the Assad government backed by Moscow and Tehran against Syrian-Kurdish rebels supported by the United States, while Turkey aided separate rebel groups. The U.S. military still has a number of troops deployed in Kurdish-held areas of Syria. Terror organizations, including Islamic State, also were involved in fighting. Russia, Turkey, and Iran signed an agreement in 2019 to freeze the conflict at then current positions. The Syrian Observatory said at least 16 civilians were killed on November 30 when an air strike, likely carried out by Russian warplanes, hit Aleppo. It said the attack "targeted civilian vehicles" at an intersection, leaving an additional 20 people wounded. This incident brings the total number of fatalities in the city over the past four days to 327. The British-based observatory compiles its information from battlefield sources and has been influential throughout the Syrian civil war. Syria’s army command acknowledged that rebels had entered Aleppo. Rebels had previously controlled the city before being driven out by Russia-backed forces eight years ago. "The large numbers of terrorists and the multiplicity of battlefronts prompted our armed forces to carry out a redeployment operation aimed at strengthening the defense lines in order to absorb the attack, preserve the lives of civilians and soldiers, and prepare for a counterattack," the Syrian Army said. The fighting comes amid fears of a wider war in the Middle East. Israeli forces in Gaza are battling extremists from Hamas – deemed a terrorist organization by the United States and the EU – and a cease-fire hangs in the balance in Lebanon, where Israel has struck the leadership of Hezbollah, also designated a terrorist group by Washington. The EU blacklists Hezbollah’s military arm but not its political wing. Israeli attacks have also taken place against Iran-backed Huthi rebels in Yemen.Dwayne Johnson: Feel Free To Sing In CinemasMiddle East latest: WHO chief says he was at Yemen airport as Israeli bombs fell nearby
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TANZANIA – Israeli airstrikes hit Yemen’s main airport as a civilian Airbus 320 with hundreds of passengers on board was landing and a U.N. delegation was waiting to leave, the U.N.'s top humanitarian official in Yemen said Friday. Julien Harneis told U.N. reporters that the most frightening thing about the two airstrikes on Thursday wasn’t their effect on him and about 15 others in the VIP lounge at the international airport in Yemen's capital, Sanaa, including the head of the U.N. World Health Organization. Recommended Videos Rather, it was the destruction of the airport control tower as a Yemenia Airways plane was taxiing in after touching down. “Fortunately, that plane was able to land safely and the passengers were able to disembark, but it could have been far, far worse,” said Harneis, who was with WHO Director-General Tedros Adhanom Ghebreyesus in the lounge . He said one airstrike landed approximately 300 meters (330 yards) south of the VIP lounge and another about 300 meters to the north around 4:45 p.m., while about five members of the U.N. team were outside the building. “Not only obviously did we have zero indication of any potential airstrikes, but we cannot remember the last time there were airstrikes in Sanaa during daylight hours,” Harneis said in a video news conference from Sanaa. The U.N. said at least three people were killed and dozens injured in the strike. Among the injured was a crew member from the U.N. Humanitarian Air Service, which was about to fly the U.N. delegation of some 20 people out of Sanaa. He suffered a serious leg injury from shrapnel and lost a lot of blood, Harneis said. Immediately after the airstrikes, Harneis said, U.N. security officials moved the delegation out of the VIP building and into five armored cars where they waited for approximately 40 minutes to ascertain what happened and help the injured crew member. He was taken to a hospital in Sanaa and underwent four hours of surgery while the rest of the delegation spent the night in a U.N. compound, Harneis said. The U.N. plane with Tedros and the U.N. team, including the injured crew member, was able to depart for Jordan on Friday afternoon – without an operating control tower. The United Nations said the injured crew member was taken to a hospital in Jordan, and Tedros was heading back to Geneva, where WHO is based, Yemen’s Iran-backed Houthi rebels, who control Sanaa and much of the country’s north, have gone after Israel since it started attacking Gaza following the Oct. 7, 2023 attacks by Gaza's Hamas militants on southern Israel. The Houthis have attacked ships in the Red Sea, disrupting one of the world’s main maritime routes, and recently stepped up missile and drone attacks on Israel . Israel has escalated its response. The Israeli army said it wasn’t aware that the WHO chief or U.N. delegation were at the Sanaa airport on Thursday. Israel said it bombed the airport because it is used by the Houthis and Iran. Harneis responded, stressing that the airport is civilian, not military, and is used for transporting U.N. and other humanitarian workers, and for one civilian flight — Yemenia to and from Amman, Jordan. The flight operates as a result of an international agreement, and thousands of Yemenis have used the flight to get advanced medical treatment abroad, he said. Yemen is the Arab world’s poorest nation and has been engulfed in a 10-year civil war between the Houthi rebels, who control Sanaa and much of the country's north, and the internationally recognized government forces in the south. Tedros was in the country to discuss its worsening humanitarian crisis and to seek the release of about 50 people detained by the Houthis since June from the U.N., nongovernmental organizations and civil society. Harneis said 18 million Yemenis — about half the country’s population — need humanitarian assistance this year, and the U.N. expects the number to increase to 19 million next year because of the worsening economy . In addition to airstrikes on the Sanaa airport, Israel has been attacking the country's key port of Hodeida, in western Yemen. Harneis said Yemen relies on imports through Hodeida for 80% of its food and more than 90% of its medical supplies to the north. A recent Israeli airstrike destroyed two tugboats and is estimated to have reduced the harbor's capacity by 50%, the U.N. official said, while damage from Thursday's airstrikes hasn't been assessed yet. As for the detainees, Harneis said he joined the WHO chief at meetings with the Houthi prime minister, foreign minister and a member of the group's Supreme Political Council. He said they received commitments on the detainees' possible release and a pathway to it, and on conditions under which they are being held.TORONTO , Dec. 27, 2024 /CNW/ - Fidelity Investments Canada ULC ("Fidelity") today announced the final December 2024 cash distributions for Fidelity ETFs ("Fidelity ETFs") and ETF Series units of Fidelity mutual funds ("Fidelity Funds"). On December 18, 2024 , Fidelity announced estimated 2024 cash distributions for the Fidelity ETFs and Fidelity Funds. Subsequent to this announcement, investor activity has led to changes to the cash distribution per unit for the Fidelity ETFs and Fidelity Funds, including material changes for Fidelity Equity Premium Yield ETF (FEPY/FEPY.U), Fidelity Canadian Low Volatility ETF (FCCL), Fidelity International Low Volatility ETF (FCIL), Fidelity All-in-One Balanced ETF (FBAL), Fidelity All-in-One Growth ETF (FGRO) and Fidelity All-in-One Conservative ETF (FCNS). Please be advised that the distributions announced in this press release replace those stated in the December 18, 2024 press release for the Fidelity ETFs and Fidelity Funds. Unitholders of record as of December 27, 2024 will receive a per unit cash distribution, payable on December 31, 2024 , as detailed in the table below: Fidelity ETF Name Ticker Symbol Final Cash Distribution per Unit ($) CUSIP ISIN Payment Frequency Exchange Fidelity Canadian High Dividend ETF FCCD 0.13818 31608M102 CA31608M1023 Monthly Toronto Stock Exchange Fidelity U.S. High Dividend ETF FCUD/ FCUD.U 0.11387 31645M107 CA31645M1077 Monthly Toronto Stock Exchange Fidelity U.S. High Dividend Currency Neutral ETF FCUH 0.10228 315740100 CA3157401009 Monthly Toronto Stock Exchange Fidelity U.S. Dividend for Rising Rates ETF FCRR/ FCRR.U 0.08940 31644M108 CA31644M1086 Monthly Toronto Stock Exchange Fidelity International High Dividend ETF FCID 0.09711 31623D103 CA31623D1033 Monthly Toronto Stock Exchange Fidelity Systematic Canadian Bond Index ETF FCCB 0.06691 31644F103 CA31644F1036 Monthly Cboe Canada Fidelity Canadian Short Term Corporate Bond ETF FCSB 0.07967 31608N100 CA31608N1006 Monthly Cboe Canada Fidelity Global Core Plus Bond ETF FCGB/ FCGB.U 0.11459 31623G106 CA31623G1063 Monthly Cboe Canada Fidelity Canadian Monthly High Income ETF FCMI 0.05938 31609T106 CA31609T1066 Monthly Toronto Stock Exchange Fidelity Global Monthly High Income ETF FCGI 0.05399 31623K107 CA31623K1075 Monthly Toronto Stock Exchange Fidelity Global Investment Grade Bond ETF FCIG/ FCIG.U 0.10608 31624P105 CA31624P1053 Monthly Cboe Canada Fidelity Equity Premium Yield ETF FEPY/ FEPY.U 0.17717 31613F100 CA31613F1009 Monthly Cboe Canada Fidelity Canadian Low Volatility ETF FCCL 0.23393 31608H103 CA31608H1038 Quarterly Cboe Canada Fidelity U.S. Low Volatility ETF FCUL/ FCUL.U 0.10291 31647B109 CA31647B1094 Quarterly Cboe Canada Fidelity Canadian High Quality ETF FCCQ 0.13951 31610C100 CA31610C1005 Quarterly Toronto Stock Exchange Fidelity U.S. High Quality ETF FCUQ/ FCUQ.U 0.13759 31647C107 CA31647C1077 Quarterly Toronto Stock Exchange Fidelity U.S. High Quality Currency Neutral ETF FCQH 0.13199 31648J101 CA31648J1012 Quarterly Toronto Stock Exchange Fidelity Canadian Value ETF FCCV 0.09110 31609U103 CA31609U1030 Quarterly Toronto Stock Exchange Fidelity U.S. Value ETF FCUV/ FCUV.U 0.05363 31647E103 CA31647E1034 Quarterly Toronto Stock Exchange Fidelity U.S. Value Currency Neutral ETF FCVH 0.05100 31646E104 CA31646E1043 Quarterly Toronto Stock Exchange Fidelity International Low Volatility ETF FCIL 0.16572 31624M102 CA31624M1023 Semi-Annually Cboe Canada Fidelity International High Quality ETF FCIQ/ FCIQ.U 0.28508 31623X109 CA31623X1096 Semi-Annually Toronto Stock Exchange Fidelity International Value ETF FCIV 0.34006 31622Y108 CA31622Y1088 Semi-Annually Toronto Stock Exchange Fidelity Sustainable World ETF FCSW 0.34434 31642F105 CA31642F1053 Annually Cboe Canada Fidelity Canadian Momentum ETF FCCM 0.11897 31609W109 CA31609W1095 Annually Cboe Canada Fidelity U.S. Momentum ETF FCMO/ FCMO.U 0.04151 31649P106 CA31649P1062 Annually Cboe Canada Fidelity International Momentum ETF FCIM 0.16159 31623V103 CA31623V1031 Annually Cboe Canada Fidelity All-in-One Balanced ETF FBAL 0.18364 315818104 CA3158181048 Annually Cboe Canada Fidelity All-in-One Growth ETF FGRO 0.16157 31581P106 CA31581P1062 Annually Cboe Canada Fidelity Advantage Bitcoin ETF® FBTC/ FBTC.U - 31580V104 CA31580V1040 Annually Toronto Stock Exchange Fidelity All-in-One Conservative ETF FCNS 0.19303 31581E101 CA31581E1016 Annually Cboe Canada Fidelity All-in-One Equity ETF FEQT 0.12876 31581D103 CA31581D1033 Annually Cboe Canada Fidelity Advantage Ether ETFTM FETH/ FETH.U - 31580Y702 CA31580Y7028 Annually Toronto Stock Exchange Fidelity Global Innovators® ETF FINN/ FINN.U - 316241108 CA3162411084 Annually Cboe Canada Fidelity All-Canadian Equity ETF FCCA 0.16824 315813105 CA3158131050 Annually Cboe Canada Fidelity All-International Equity ETF FCIN 0.16621 31581R102 CA31581R1029 Annually Cboe Canada Fidelity All-American Equity ETF FCAM 0.06684 315812107 CA3158121077 Annually Cboe Canada Fidelity Fund Name Ticker Symbol Final Cash Distribution per Unit ($) CUSIP ISIN Payment Frequency Exchange Fidelity Tactical High Income Fund (ETF Series) FTHI 0.02690 31642L664 CA31642L6641 Monthly Toronto Stock Exchange Fidelity Canadian Large Cap Fund (ETF Series) FCLC 0.20297 31606J788 CA31606J7886 Annually Cboe Canada Fidelity Global Small Cap Opportunities Fund (ETF Series) FCGS/ FCGS.U 0.01994 31624Q822 CA31624Q8222 Annually Cboe Canada Fidelity Greater Canada Fund (ETF Series) FCGC 0.00564 31620X730 CA31620X7302 Annually Cboe Canada Fidelity Canadian Long/Short Alternative Fund (ETF Series) FCLS - 31610F822 CA31610F8221 Annually Cboe Canada Fidelity Long/Short Alternative Fund (ETF Series) FLSA/ FLSA.U - 31624U823 CA31624U8234 Annually Cboe Canada Fidelity Global Value Long/Short Fund (ETF Series) FGLS - 31623A828 CA31623A8288 Annually Cboe Canada Fidelity Market Neutral Alternative Fund (ETF Series) FMNA - 31623B701 CA31623B7016 Annually Cboe Canada Fidelity Global Equity+ Fund (ETF Series) FGEP/ FGEP.U - 316215102 CA3162151029 Annually Toronto Stock Exchange Fidelity Emerging Markets Fund (ETF Series) FCEM 0.18637 31613T795 CA31613T7950 Annually Toronto Stock Exchange Fidelity Global Equity+ Balanced Fund (ETF Series) FGEB 0.08437 316220102 CA3162201022 Annually Toronto Stock Exchange About Fidelity Investments Canada ULC At Fidelity Investments Canada, our mission is to build a better future for our clients. Our diversified business serves financial advisors, wealth management firms, employers, institutions and individuals. As the marketplace evolves, we are constantly innovating and offering our clients choice of investment and wealth management products, services and technological solutions all backed by the global strength and scale of Fidelity. With assets under management of $285 billion (as at December 13, 2024 ), Fidelity Investments Canada is privately held and committed to helping our diverse clients meet their goals over the long term. Fidelity funds are available through financial advisors and online trading platforms. Read a fund's prospectus and consult your financial advisor before investing. Exchange-traded funds are not guaranteed, their values change frequently, and past performance may not be repeated. Commissions, management fees, brokerage fees and expenses may all be associated with investments in exchange-traded funds and investors may experience a gain or loss. Find us on social media @FidelityCanada https://www.fidelity.ca Listen to FidelityConnects on Apple or Spotify SOURCE Fidelity Investments Canada ULC View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/27/c0885.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.UNITED NATIONS (AP) — Israeli airstrikes hit Yemen’s main airport as a civilian Airbus 320 with hundreds of passengers on board was landing and a U.N. delegation was waiting to leave, the U.N.'s top humanitarian official in Yemen said Friday. Julien Harneis told U.N. reporters that the most frightening thing about the two airstrikes on Thursday wasn’t their effect on him and about 15 others in the VIP lounge at the international airport in Yemen's capital, Sanaa, including the head of the U.N. World Health Organization. Rather, it was the destruction of the airport control tower as a Yemenia Airways plane was taxiing in after touching down. “Fortunately, that plane was able to land safely and the passengers were able to disembark, but it could have been far, far worse,” said Harneis, who was with WHO Director-General Tedros Adhanom Ghebreyesus in the lounge . He said one airstrike landed approximately 300 meters (330 yards) south of the VIP lounge and another about 300 meters to the north around 4:45 p.m., while about five members of the U.N. team were outside the building. “Not only obviously did we have zero indication of any potential airstrikes, but we cannot remember the last time there were airstrikes in Sanaa during daylight hours,” Harneis said in a video news conference from Sanaa. The U.N. said at least three people were killed and dozens injured in the strike. Among the injured was a crew member from the U.N. Humanitarian Air Service, which was about to fly the U.N. delegation of some 20 people out of Sanaa. He suffered a serious leg injury from shrapnel and lost a lot of blood, Harneis said. Immediately after the airstrikes, Harneis said, U.N. security officials moved the delegation out of the VIP building and into five armored cars where they waited for approximately 40 minutes to ascertain what happened and help the injured crew member. He was taken to a hospital in Sanaa and underwent four hours of surgery while the rest of the delegation spent the night in a U.N. compound, Harneis said. The U.N. plane with Tedros and the U.N. team, including the injured crew member, was able to depart for Jordan on Friday afternoon – without an operating control tower. The United Nations said the injured crew member was taken to a hospital in Jordan, and Tedros was heading back to Geneva, where WHO is based, Yemen’s Iran-backed Houthi rebels, who control Sanaa and much of the country’s north, have gone after Israel since it started attacking Gaza following the Oct. 7, 2023 attacks by Gaza's Hamas militants on southern Israel. The Houthis have attacked ships in the Red Sea, disrupting one of the world’s main maritime routes, and recently stepped up missile and drone attacks on Israel . Israel has escalated its response. The Israeli army said it wasn’t aware that the WHO chief or U.N. delegation were at the Sanaa airport on Thursday. Israel said it bombed the airport because it is used by the Houthis and Iran. Harneis responded, stressing that the airport is civilian, not military, and is used for transporting U.N. and other humanitarian workers, and for one civilian flight — Yemenia to and from Amman, Jordan. The flight operates as a result of an international agreement, and thousands of Yemenis have used the flight to get advanced medical treatment abroad, he said. Yemen is the Arab world’s poorest nation and has been engulfed in a 10-year civil war between the Houthi rebels, who control Sanaa and much of the country's north, and the internationally recognized government forces in the south. Tedros was in the country to discuss its worsening humanitarian crisis and to seek the release of about 50 people detained by the Houthis since June from the U.N., nongovernmental organizations and civil society. Harneis said 18 million Yemenis — about half the country’s population — need humanitarian assistance this year, and the U.N. expects the number to increase to 19 million next year because of the worsening economy . In addition to airstrikes on the Sanaa airport, Israel has been attacking the country's key port of Hodeida, in western Yemen. Harneis said Yemen relies on imports through Hodeida for 80% of its food and more than 90% of its medical supplies to the north. A recent Israeli airstrike destroyed two tugboats and is estimated to have reduced the harbor's capacity by 50%, the U.N. official said, while damage from Thursday's airstrikes hasn't been assessed yet. As for the detainees, Harneis said he joined the WHO chief at meetings with the Houthi prime minister, foreign minister and a member of the group's Supreme Political Council. He said they received commitments on the detainees' possible release and a pathway to it, and on conditions under which they are being held.
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