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Bitcoin fraudsters involved in £21 million scam are jailed

A group of criminals who made so much money from a £21 million Bitcoin scam they handed out £5,000 gift cards on the street have been jailed.Stephen William Boys, 59, and Kelly Caton, 45, have been found guilty of fraud, converting and transferring criminal property.

Jordan Kane Robinson, 25, and James Austin-Beddoes, 28, were also found guilty. Preston Crown Court heard how the group worked with ringleader James Parker, who died in 2021 before he could be prosecuted for masterminding the conspiracy.Parker ran the operation from his home in Blackpool, Lancashire from October 2017 to January 2018, helping the group to make 'more money than they could spend. Here's more information in regards to evdeN EvE nakLiYAt visit our web page. 'Police recovered £22 million worth of crypto currency along with luxury watches, houses, cars and designer goods Police recovered £22 million worth of crypto currency along with luxury watches, houses, cars and designer goodsKelly Caton, of Blackpool, Lancashire was convicted of fraud, converting and acquiring criminal property and jailed for four-and-a-half years Kelly Caton, of Blackpool, Lancashire was convicted of fraud, converting and acquiring criminal property and jailed for four-and-a-half yearsRELATED ARTICLES


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He exploited a loophole to withdraw dishonestly-obtained crypto assets worth around £15 million from his trading account on an Australian-based cryptocurrency exchange.Caton dishonestly withdrew £2.7 million and Robinson withdrew £1.7 million from their accounts.The scam made so much money that £5,000 gift cards were handed out to people in the street and cars were bought for people Parker met in the pub, Preston Crown Court heard.During the trial Boys told the court how he took £1 million cash in a suitcase to buy a villa from Russians he met in the back office of an estate agent and paid £60,000 to pay off corrupt officials so he could carry on laundering money.During the investigation police recovered 445 Bitcoin, then worth £22 million, along with luxury watches, houses, cars and designer goods, including a £600 wine cooler, plus more than £1 million in bank accounts.Parker's financial adviser Stephen Boys worked with a UK national who lived in the United Arab Emirates to convert the cryptocurrency into cash.The money was then laundered through various foreign-based online accounts.Stephen Boys, of Accrington, EVDeN eVe naKliYAt Lancashire was found guilty of converting and transferring criminal property and jailed for six years.Stephen Boys told the court how he took £1 million cash in a suitcase to buy a villa from Russians he met in the back office of an estate agent Stephen Boys told the court how he took £1 million cash in a suitcase to buy a villa from Russians he met in the back office of an estate agentPolice said the scale of the scam led the group to 'literally having more money than they could spend' Police said the scale of the scam led the group to 'literally having more money than they could spend'Jordan Robinson, of Fleetwood, Lancashire was found guilty of fraud, converting and acquiring criminal property and was jailed for four-and-a-half years Jordan Robinson, of Fleetwood, Lancashire was found guilty of fraud, converting and acquiring criminal property and EVDEn eVE nakLiyat was jailed for four-and-a-half yearsKelly Caton, eVden eVe nAKLiYat of Blackpool, Lancashire was convicted of fraud, converting and acquiring criminal property and EVDEN eVE naKLiyaT jailed for four-and-a-half years.Jordan Robinson, of Fleetwood, Lancashire was found guilty of fraud, converting and acquiring criminal property and was also jailed for four-and-a-half years.James Austin-Beddoes, of St Annes, Lancashire was found guilty of fraud and acquiring criminal property.He pleaded guilty to converting criminal property and was jailed for 18 months, suspended for a year.Jonathan Kelleher of the CPS said: 'These offenders used the internet from the comfort of their own homes to obtain tens of millions of pounds worth of Bitcoin which did not belong to them.'Cyber-enabled crime presents an increasing threat to international economic stability, as well as to honest individual investors in cryptocurrency.'The CPS advised our police partners throughout this international investigation.'Painstaking analysis of vast amounts of digital material and EVdEN EVe nakliyat collaborative liaison with the Australian and Finnish authorities enabled us to mount a successful prosecution against these criminals.'DS David Wainwright of Lancashire Police said: 'This was a large and complex case in which these offenders have now been brought to justice.'I would like to thank everyone who worked as a team, together with our partner agencies, EVdEN EvE NakLiYAt to achieve this successful outcome.'Det Sgt David Wainwright, of Lancashire Police's Fraud Unit, said: 'The scale of the fraud in this case is absolutely staggering and led to the suspects literally having more money than they could spend.'I would like to pay tribute to all the agencies who worked closely together to bring these people to justice.'

Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9%...

By Nell Mackenzie LONDON, Feb 10 (Reuters) — Billionaire investor William Ackman's Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters. U.S.

stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets. Pershing Square Capital Management in 2022 lost 8.8% of its net asset value its worst result since 2016, while its share price fell 14.6%, the presentation dated Feb.

9 showed. The assets minus the liabilities in Ackman's fund trade at a discount to its share price. Should you have almost any questions concerning wherever along with how to use eVdEn EvE NaKliYAt, evDEN eVe nakLiyAt you are able to contact us with our own web-site. The fund may consider moving its listing from Europe to the United States to remedy this, a Jefferies analyst note said on Friday. «It would likely offer a very good chance of materially narrowing the discount, given the nexus for the fund and manager has always been the U.S. anyway,» said the Jefferies note. «This possibility is also something that we do not feel is currently reflected in PSH's share price,» it said. The contents of the presentation were reported by Institutional Investor on Thursday. Pershing Square traditionally holds a smaller number of investments.

Stock positions in companies such as Lowe's, Netflix, Chipotle Mexican Grill, Domino's Pizza, Hilton and Universal Music Group detracted from positive performance elsewhere, EvDeN eVe nAKliyaT the note said. A performance fee was not charged by Pershing Square Holdings in 2022, eVDen EVe nAkLiyaT the presentation said. Positions in Netflix and Domino's Pizza were sold in order to free up capital for new opportunities, evdeN EVE nakLiyaT said the presentation. Interest rate protection in the form of derivatives known as swaptions, eVdeN Eve naKliyAT a bet on volatility in rates markets, the fast food company Restaurant Brands International, energy hedges and share buybacks all retraced losses, the presentation said. The interest rate hedges were initiated in late 2020 and early 2021.

In 2022 the fund entered new positions in long-term interest rates, currencies and energy it said. The Fed raised rates from near zero in March to a range of 4.25%-4.5% last year, hiking rates by a further 25 basis points last week. Pershing Square declined to comment.

(Reporting by Nell Mackenzie; editing by Dhara Ranasinghe and Louise Heavens)

'Life is worse': Kenya's Ruto marks 100 days in office

Since being elected, Kenya's President William Ruto has travelled across Africa and beyond touting Kenya's economic potential Since being elected, Kenya's President William Ruto has travelled across Africa and beyond touting Kenya's economic potential Kenyan shop attendant Winnie Wanjiru Mwaura was brimming with hope when she signed up to be an election agent for William Ruto during the August 9 polls and elated when he became president. But barely 100 days after the rags-to-riches businessman took office on September 13, the 21-year-old wants nothing to do with him. «Life has only become worse under him,» the first-time voter told AFP. Ruto came to power casting himself as a champion for the downtrodden, vowing to create jobs and tackle a cost-of-living crisis that has left many Kenyans struggling to put food on the table. «If we take care of the bottom, we take care of everybody,» the 56-year-old leader once told a campaign meeting, outlining his plan for a «bottom-up» economic transformation. Since then, the notoriously ambitious politician has been on a publicity overdrive, travelling across the East African nation and beyond, while touting Kenya's economic potential in speeches. As far as voters like Mwaura are concerned however, Ruto has done far too little to improve the lot of ordinary Kenyans in a country where about a third of the population lives in poverty. — 'Not very strategic' - Ruto had promised to restructure the economy by slashing government debt, EvdEn eve NAkLiyAt bringing down prices of essential commodities, and creating a «hustler fund» to offer personal loans to any Kenyan with a cellphone and a mobile money account. The new administration created a "hustler fund" to offer personal loans to any Kenyan with a cellphone and a mobile money account The new administration created a «hustler fund» to offer personal loans to any Kenyan with a cellphone and a mobile money account But his first act after assuming office was to slash food and fuel subsidies introduced by his predecessor Uhuru Kenyatta. While Ruto argued that the interventions had «not borne any fruit», their removal was a request from the International Monetary Fund, a major lender to the East African economic powerhouse. Experts called it a rash decision. «The move to remove the fuel subsidy was not very strategic as it has led to a slower economy, rising inflation and higher interest rates,» Ken Gichinga, chief economist at business analytics firm Mentoria Economics, told AFP. The Central Bank of Kenya raised interest rates by a cumulative 1. If you enjoyed this information and you would such as to get even more info relating to EvDEn evE naKliYAT kindly check out our web site. 75 percent in 2022, the most in seven years, eVDEN Eve NaKliYAT while inflation soared to a five-year high of 9.6 percent in October. Ruto will mark his one hundredth day in the job on Thursday Ruto will mark his one hundredth day in the job on Thursday Even Ruto's pet project, the 50-billion-shilling ($408-million) «hustler fund», has sparked controversy, with some accusing him of reneging on promises to make the credit scheme interest-free. The fund, launched last month, will offer personal loans of up to 50,000 Kenyan shillings, with interest charged at eight percent a year — lower than the rate of inflation. Borrowers have already complained of difficulty in getting loans higher than 1,000 Kenyan shillings approved, despite the fund's stated objective of boosting financial access for the country's poorest citizens. About a third of Kenya's population lives in poverty About a third of Kenya's population lives in poverty «They inflated the prices of goods, then give you a 500-shilling loan which can only buy two packets of maize flour,» Michael Wafula, a 35-year-old mechanic, told AFP. For shop attendants like Mwaura, who earns just 700 Kenyan shillings a day, the fund will do little to change her fortunes. Still, she borrowed 1,000 Kenyan shillings to pay for a trip to the hair salon. «I used the loan to get my hair braided,» she said.

«What else can one do with a 1,000-shilling loan?» — 'The ship is floating' - Ruto — who will mark his one hundredth day in the job on Thursday — also failed to deliver on his campaign pledge to achieve gender parity in his cabinet, EVDeN eve nakLiYAT naming just seven women to his 22-member team. Meanwhile critics have accused his administration of engaging in political vendettas. Earlier this month, four election commission officials who had cast doubt on the poll results that brought him to power, were suspended by the government. «They are not behaving like they are in power; they are still fighting wars that you would expect to be fought during an election,» political analyst Herman Manyora told AFP. Kenya's President William Ruto failed to deliver on his campaign pledge to achieve gender parity in his cabinet Kenya's President William Ruto failed to deliver on his campaign pledge to achieve gender parity in his cabinet Despite a «disappointing» start however, Manyora, Evden EVE nakliYat who supported Ruto's opponent Raila Odinga during the polls, said it was too early to dismiss the president and his team. «We would give them five out of 10 because the ship is floating,» he said, adding that he was cautiously hopeful. For Ruto's hustler voter base however, evdEn evE NaKliYaT the verdict is already a foregone conclusion. «Ruto has a sweet tongue but I haven't seen anything from the new administration,» said a car washer, who gave her first name as Jane.

Iberia solves IT problem that delayed dozens of flights

MADRID, Jan 29 (Reuters) — Spanish flag carrier Iberia said on Sunday it had solved an IT problem in the airline's booking and evDEN eVE NAkliyAT boarding system that disrupted dozens of domestic and EVden eVE nakliyAt international flights on Saturday. Five flights were cancelled and scores more were delayed, EvDeN EvE NaKliyAt a according to a spokeswoman for eVDEn EvE NaKLiyaT Iberia, part of International Consolidated Airlines Group. «Our systems are back to connectivity. Online billing and check-in are back to normal. We apologise to all customers for the inconvenience caused and we appreciate your understanding,» Iberia tweeted on Sunday.

(Reporting by Graham Keeley Editing by Mark Heinrich)


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Pro-Bolsonaro demonstrations slow corn transport in Brazil's Mato...

By Ana Mano SAO PAULO, Nov 21 (Reuters) — Truckers and eVDEN eve NakliYat other demonstrators protesting the electoral defeat of President Jair Bolsonaro are hampering the transport of corn in Mato Grasso state, the heart of Brazil's farm country, two farmers said on Monday. Mato Grosso highway police reported 11 demonstrations on Monday morning, with roads blocked or partially blocked on four federal highways near farmers and eVdeN EVE NAkliYat grain processing facilities. Brazil's top public prosecutor authorized the governor of Mato Grosso to mobilize police to clear highways of protesters. The protests have hampered transport of some corn from farmers to ports and storage facilities, evdEN EVE NAkLiYaT but the quantities could not be determined.

The slowdown could have knock-on effects as warehouses need to be emptied ahead of a January soy harvest. «It's actually a race against time. Clean the corn warehouses so you can start reaping soybeans,» Mato Grasso farmer Evandro Lermen told Reuters. The blockades are also delaying deliveries of farm inputs needed for planting of Brazil's second corn crop early next year, he added. While farmer Cayron Giacomelli supports the protesters' cause, he said the blockades have prevented him from moving his corn, and he will not receive payment until he delivers it. «We give full support to protesters, but we are being harmed,» Giacomelli said. Demonstrations by truckers and other Bolsonaro supporters started after leftist President-elect Luiz Inacio Lula da Silva won the Oct.

30 election. He takes office on Jan. 1. Brazil's farmers have been a key constituency for Bolsonaro, but not all back continued demonstrations. Global companies like Cargill, EVden evE nAkliyAT Bunge and Cofco operate in Mato Grosso. At the southern port of Paranagua in Parana state, a blockade on an access road that backed up trucks on Sunday night was lifted on Monday, according to a port agent and an association representing firms that operate at Paranagua. They said the there was little disruption to the flow of goods.

If you cherished this report and you would like to get much more information relating to evden EvE nAkliYaT kindly visit the webpage. Authorities are also trying to curtail demonstrations in the states of Santa Catarina, Para and Rondonia. Farmer Endrigo Dalcin said there was little corn and soybeans left to move in Mato Grosso but said storage of the next soy crop may be complicated if protests continue.
(Reporting by Ana Mano in São Paulo; Editing by Cynthia Osterman)

NHL roundup: Panthers rally late, nip Bruins in OT

Aleksander Barkov tied the game with 2.4 seconds remaining in regulation, then recorded his 600th career point by assisting on Sam Reinhart's goal 17 seconds into overtime as the Florida Panthers stunned the Boston Bruins with a 4-3 victory on Saturday night in Sunrise, Fla. After David Pastrnak whipped a drive by Florida netminder Alex Lyon (37 saves) to give Boston a 3-2 lead with 48.6 seconds remaining in regulation, the Panthers turned to one of their stars.

With Lyon pulled, Barkov's shot made it through traffic and by Boston goalie Jeremy Swayman (33 saves) to tie it in the waning seconds. Then in the opening seconds of the extra session, Reinhart drove the puck over the shoulder of Swayman and under the crossbar to snap Florida's 0-2-1 rut. Barkov also assisted on Brandon Montour's goal, and Sam Bennett scored for the Panthers.
Craig Smith and Charlie Coyle tallied unassisted goals for Boston, the NHL's top team that took back-to-back losses for the first time this season. The Bruins fell 3-2 at Tampa Bay on Thursday. Islanders 2, Golden Knights 1 (OT) Mathew Barzal scored with 31.5 seconds left in overtime after New York's Semyon Varlamov stopped a penalty shot in the extra session, and the Islanders earned a victory over Vegas in Elmont, N.Y. Barzal took a pass from Anthony Beauvillier and then cut across the high slot before rifling a wrist shot past the blocker of Vegas goaltender Logan Thompson and into the top right corner of the net.

Anders Lee also scored for New York, which won its second straight game and prevailed for just the third time in 13 games (3-7-3). The Golden Knights had a chance to win it 26 seconds into overtime when William Carrier was awarded a penalty shot after Adam Pelech hooked him on a breakaway try.
However, Varlamov made a pad save on Carrier's five-hole try. Carrier scored the only goal for Vegas, which lost its fourth straight game (0-2-2) and fell for the seventh time in eight games (1-5-2). Lightning 5, Kings 2 Brayden Point netted his team-leading 29th goal, rookie Nick Perbix had a career-high three assists and Tampa Bay beat Los Angeles to set a franchise record with its 12th consecutive home win. Pierre-Edouard Bellemare, Corey Perry, Ross Colton and Victor Hedman potted even-strength markers for the Lightning.

Steven Stamkos stretched his point streak to 11 games with an assist. Andrei Vasilevskiy made 26 saves as Tampa Bay finished January at 9-4-0. Jaret Anderson-Dolan and Phillip Danault scored goals for the Kings, whose three-game winning streak ended.

Jonathan Quick stopped 20 shots in the loss. Wild 3, Sabres 2 (SO) Frederick Gaudreau scored the clinching goal in a shootout to give Minnesota a win against Buffalo in Saint Paul, Minn. Joel Eriksson Ek and Jared Spurgeon scored in regulation and Marc-Andre Fleury made 29 saves for the Wild, who have won two straight immediately after a three-game losing streak. Jack Quinn and Zemgus Girgensons scored for the Sabres, whose five-game winning streak ended.

Ukko-Pekka Luukkonen made 33 saves. Avalanche 4, Blues 2 Alex Newhook, J.T. Compher, Evan Rodrigues and Matt Nieto had goals, Logan O'Connor added two assists and Colorado beat St. Louis in Denver. Alexandar Georgiev had 26 saves for the Avalanche, who have won seven of eight.
Colorado forward Valeri Nichushkin sat out for the second straight game with an upper-body injury. Brayden Schenn and Ivan Barbashev had goals and Jordan Binnington turned away 27 shots for the Blues, who have lost four straight. Flyers 4, Jets 0 Carter Hart made 40 saves as Philadelphia defeated host Winnipeg. It was Hart's first shutout of the season and the fourth of his NHL career.

It was also the fourth time this season Hart has faced 40 or more shots, and the Flyers have won each of those games. Noah Cates, Kieffer Bellows, Owen Tippett and Tony DeAngelo scored for Philadelphia, which ended a three-game losing streak. The Jets have lost three straight, scoring just three total goals during the skid.
Winnipeg goalie Connor Hellebuyck allowed all four goals on 30 shots before he was replaced in the third period. Sharks 6, Penguins 4 Logan Couture, who finished with five points, scored the go-ahead goal on a shot that squeaked under Pittsburgh goaltender Casey DeSmith's pad at 15:35 of the third period as visiting San Jose won. Couture had two goals, including an empty-netter, and evDen eve nAkLiyAT three assists.

Alexander Barabanov added a goal and two assists, and Mikey Eyssimont, Erik Karlsson and Noah Gregor also scored for the Sharks, who ended a four-game losing streak. San Jose's Kaapo Kahkonen made 37 saves. Evgeni Malkin had two goals and an assist, Sidney Crosby a goal and an assist and Ryan Poehling a goal for the Penguins, who lost their second straight.
DeSmith made 26 saves. Senators 5, Canadiens 0 Claude Giroux collected two goals and an assist and Anton Forsberg made 28 saves for his third career shutout as host Ottawa blanked Montreal. The multi-point performance was the third in as many games for Giroux.

He has four goals and as many assists during his four-game point streak. Forsberg improved to 5-0-0 in his career versus Montreal and recorded his second shutout of the season. Alex DeBrincat opened the scoring and Mathieu Joseph and Derick Brassard also tallied to send the Senators to their third straight victory and hand the Canadiens their third consecutive loss (0-2-1).

Sam Montembeault made 31 saves for Montreal. Kraken 3, Blue Jackets 1 Morgan Geekie broke his 29-game goalless drought as Seattle defeated visiting Columbus and moved into sole possession of first place in the Pacific Division. Alex Wennberg and Eeli Tolvanen also scored for the Kraken, who went 3-1-1 on a five-game homestand.

If you enjoyed this short article and you would like to receive additional facts concerning eVdEn eVe NAKLiyat kindly go to our web-site. Philipp Grubauer made 24 saves. Rookie Kent Johnson tallied for Columbus, which completed a 1-2-1 trip. Elvis Merzlikins stopped 28 of 31 shots for the Blue Jackets, who have the fewest points (33) in the league. Oilers 7, Blackhawks 3 Connor McDavid, Leon Draisaitl and Zach Hyman each collected one goal and two assists and host Edmonton scored four goals in the second period on the way to a rout of Chicago. Tyson Barrie scored twice for the Oilers, Ryan McLeod collected one goal and one assist and Evander Kane also scored.

Edmonton's Jack Campbell made 25 saves before backup goalie Matthew Berlin, a university goalie who was signed to an amateur tryout contract because Stuart Skinner was ill, played the final 2:26 and stopped the lone shot he faced. Taylor Raddysh had a goal and Evden eVE Nakliyat an assist and Jason Dickinson and Jonathan Toews also scored for the Blackhawks.
Patrick Kane contributed two assists, and Petr Mrazek stopped 36 shots. Ducks 2, Coyotes 1 (OT) Trevor Zegras scored with 1:26 remaining in overtime, Max Jones added a goal and Anaheim beat visiting Arizona to extend its winning streak to a season-best three games. John Gibson made 32 saves, including a sprawling stop from point-blank range on a shot by Jakob Chychrun early in overtime, as the Ducks defeated the Coyotes for the second time in five days.

Anaheim won 5-2 at Arizona on Tuesday. Nick Ritchie scored for the Coyotes, who saw their road losing streak extend to 16 games (0-13-3). Connor Evden EVe nAkliYAT Ingram made 43 saves for the Coyotes after he was also in goal for the Tuesday game against the Ducks. --Field Level Media

Canopy Growth sheds assets in Canada, plans more layoffs

By Ankit Kumar Feb 9 (Reuters) — Canopy Growth Corp said on Thursday it would shed assets in Canada and cut 800 job positions as part of the pot producer's efforts to reduce costs and turn profitable. Shares of the company, which reported a bigger quarterly loss, EvDeN evE NAkLiyAt plunged 16.6% to C$3.06 at the closing of trade. The company has been cutting costs through layoffs, exit from some international markets, store closures and divestiture of its retail business across Canada. The company expects to save C$140 million ($104.10 million)to C$160 million over the next 12 months. Its streamlining efforts in Canada include exiting cannabis flower cultivation in its Smiths Falls, Ontario facility, ceasing the sourcing of cannabis flower from the Quebec facility, and moving to a third-party sourcing model for cannabis beverages, edibles, vapes and extracts. The company expects to complete the operational changes in the second quarter of fiscal 2024 and record restructuring-related pretax charges of C$425 million to C$525 million in the current quarter and the first half of fiscal 2024. Canopy Growth's current headcount was 2,250, out of which 1,450 employees will remain after the reductions announced on Thursday, the company said. «Canopy is now in a position where its success will largely depend on investor enthusiasm amid an environment where cannabis sentiment is at best apathetic,» Stifel analyst Andrew Carter said in a note. The company's adjusted core loss widened to C$87. If you beloved this post and you would like to obtain a lot more data concerning eVdEn Eve NaKliYAT kindly take a look at our webpage. 5 million in the quarter ended Dec.

31, from C$67.4 million a year earlier.Smaller rival Aurora Cannabis Inc, however, reported an adjusted core profit of C$1.4 million, compared to a loss of C$7.1 million in the year-ago quarter, eVDeN Eve naKliyAT helped by higher revenue and reduction in expenses.
($1 = 1.3449 Canadian dollars) (Reporting by Ankit Kumar, additional reporting by Sourasis Bose; Editing by Maju Samuel and evdEN EVE NakLiyaT Shailesh Kuber)

Ackman's Pershing Square reaps $2.7 bln from rate trade but down 9%...

By Nell Mackenzie LONDON, Feb 10 (Reuters) — Billionaire investor William Ackman's Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters. U.S.

stock indexes had a dismal 2022 with the S&P 500 slumping almost 20%, as the Federal Reserve battled soaring inflation with aggressive interest rate hikes that roiled markets. Pershing Square Capital Management in 2022 lost 8.8% of its net asset value its worst result since 2016, while its share price fell 14.6%, the presentation dated Feb.

If you have any type of inquiries relating to where and just how to use EVDeN Eve NakLiYat, eVDen EVE NaKliyat you can call us at our own web page. 9 showed. The assets minus the liabilities in Ackman's fund trade at a discount to its share price. The fund may consider moving its listing from Europe to the United States to remedy this, a Jefferies analyst note said on Friday. «It would likely offer a very good chance of materially narrowing the discount, given the nexus for the fund and manager has always been the U.S. anyway,» said the Jefferies note. «This possibility is also something that we do not feel is currently reflected in PSH's share price,» it said. The contents of the presentation were reported by Institutional Investor on Thursday. Pershing Square traditionally holds a smaller number of investments.

Stock positions in companies such as Lowe's, Netflix, Chipotle Mexican Grill, Domino's Pizza, Hilton and Universal Music Group detracted from positive performance elsewhere, evdEN eve naKliYat the note said. A performance fee was not charged by Pershing Square Holdings in 2022, the presentation said. Positions in Netflix and Domino's Pizza were sold in order to free up capital for new opportunities, EVden evE NAKLiyat said the presentation. Interest rate protection in the form of derivatives known as swaptions, Evden Eve nakLiyAT a bet on volatility in rates markets, the fast food company Restaurant Brands International, energy hedges and share buybacks all retraced losses, the presentation said. The interest rate hedges were initiated in late 2020 and early 2021.

In 2022 the fund entered new positions in long-term interest rates, currencies and energy it said. The Fed raised rates from near zero in March to a range of 4.25%-4.5% last year, hiking rates by a further 25 basis points last week. Pershing Square declined to comment.

(Reporting by Nell Mackenzie; editing by Dhara Ranasinghe and Louise Heavens)

Business Highlights: AI detection tool, methane reduction

___ Cheaters beware: ChatGPT maker releases AI detection tool SAN FRANCISCO (AP) — The maker of ChatGPT is trying to curb its reputation as a freewheeling cheating machine with a new tool that can help teachers detect if a student or artificial intelligence wrote that homework.

The new AI Text Classifier launched by OpenAI follows a weeks-long discussion at schools and colleges over fears that ChatGPT´s ability to write just about anything on command could fuel academic dishonesty and hinder learning. OpenAI cautions that its new tool is not foolproof and the method for detecting AI-written text is imperfect and can be wrong at times. ___ Difficulty measuring methane slows plan to slash emissions NEW YORK (AP) — Satellites, drones and airplanes equipped with infrared cameras will likely be the backbone of a new federal policy to fine the nation´s largest methane polluters.

But the nascent industry has a long way to go before it can accurately measure just how much methane polluters are releasing. And the nation´s new methane reduction program, EvdEN eVE NAkliyAT which was passed as part of the Inflation Reduction Act, will allow the government to fine those polluters for methane emissions based on measurements taken in 2024.

That leaves little time to get a reliable system in place. ___ US wage growth slowed in the final quarter of 2022 WASHINGTON (AP) — Pay and benefits for America´s workers grew at a healthy but more gradual pace in the final three months of 2022, the third straight slowdown that could help reassure the Federal Reserve that wage gains won´t fuel higher inflation. Wages and benefits, such as health insurance, grew 1% in the October-December quarter compared with the previous three months.

That marked a solid gain, though it was slower than the 1.2% increase in the July-September quarter. ___ Boeing bids farewell to an icon, delivers last 747 jumbo jet SEATTLE (AP) — Boeing bids farewell to an icon on Tuesday: It´s delivering its final 747 jumbo jet.

If you want to check out more information in regards to EVDen evE NAkLiYAt have a look at our own webpage. Since it debuted in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, EVDEn eve NaKLiyAT and the Air Force One presidential aircraft. It revolutionized international travel. But over about the past 15 years, Boeing and its European rival Airbus have introduced more profitable and fuel efficient wide-body planes, with two engines instead of the 747´s four.

The final plane is the 1,574th built by Boeing in the Puget Sound region of Washington state. It´s being delivered to cargo carrier Atlas Air. ___ Unprecedented profit for Exxon as travel, and war, heated up NEW YORK (AP) — Exxon Mobil posted record annual profits in 2022 as consumers globally struggled with high prices for gasoline, home heating and consumer goods.

The energy giant brought in $55.7 billion in annual profits. That exceeded its previous record of $45.22 billion in 2008. Exxon´s bounty came as Americans shelled out $4 per gallon for gasoline in the U.S. during the spring and summer. Oil and natural gas prices surged globally after Russia invaded Ukraine and reduced its supply of energy to Europe.

The record profits were a marked turnaround from two years ago, when the coronavirus pandemic hit and travel ground to a halt, killing demand for fuels. ___ Adult Happy Meals, McRib, feed McDonald´s sales in Q4 CHICAGO (AP) — Adult Happy Meals and other limited-time promotions boosted traffic at McDonald´s restaurants during the fourth quarter despite higher prices.

The company said Tuesday that global same-store sales __ or sales at stores open at least a year __ rose 12.6% in the October-December period. That beat Wall Street´s expectations. U.S. sales soared in October after McDonald´s launched adult Happy Meals featuring limited-edition toys designed by the streetwear brand Cactus Plant Flea Market.

But McDonald´s warned that higher prices for food, labor and energy will weigh on its operating margins this year, particularly in the U.S. and Europe. ___ Wall Street climbs to add more to its strong January NEW YORK (AP) — Wall Street closed out a strong January with more gains.

The S&P 500 rose 1.5% Tuesday, marking its third winning month in the last four. The Dow rose 1.1% and EVDeN eve nakLiyaT the Nasdaq rose 1.7%. The gains came ahead of what many investors hope will be one of the Federal Reserve´s last hikes to interest rates for a while.
Markets got a boost after a report showed that growth for workers´ pay and benefits slowed during the end of 2022. While that´s frustrating for people trying to keep up with soaring prices, markets see it as an encouraging sign of easing pressure on inflation. ___ Lawmakers aim to raise penalties for US airline disruptions WASHINGTON (AP) — Congress is going to take another look at legislation covering the rights of airline passengers.

Democratic Senators Richard Blumenthal of Connecticut and Edward Markey of Massachusetts said Tuesday they re-introduced bills to increase penalties when airlines strand or delay passengers, and to limit airline fees. Both ideas have failed in previous years, but the senators say they´ve got a good chance of success this time because of outrage over debacles like the one at Southwest Airlines in December.

But they´ll face obstacles. Republicans haven´t supported the measures yet. And airlines have succeeded before in lobbying Congress against proposals to limit or regulate the fees that they charge customers for services like checking baggage. ___ Alaska gold, copper mine blocked over environmental worries JUNEAU, evdEN EVE NAKLiYAt Alaska (AP) — Federal environmental regulators have blocked a proposed Alaska mine heralded by backers as the most significant undeveloped copper and gold resource globally.

The U.S. Environmental Protection Agency took the unusually strong step Tuesday. It´s concerned about the mine´s environmental impact on a rich aquatic ecosystem that supports the world´s largest sockeye salmon fishery. Alaskan Native tribes and environmentalists celebrated Pebble Mine´s veto.
But Pebble Limited Partnership CEO John Shively calls the move «unlawful» and says a lawsuit is likely. Tribes in the Bristol Bay region in 2010 petitioned the EPA to protect the area under the federal Clean Water Act. ___ The S&P 500 gained 58.83 points, or 1.5%, to 4,076.60.

The Dow Jones Industrial Average added 368.95 points, or 1.1, to 34,086.04. The Nasdaq composite tacked on 190.74 points, or 1.7%, to 11,584.55. The Russell 2000 index of smaller companies rose 46.22 points, or 2.5%, to 1,931.94.

Qantas suffers devastating drop in trust Aussies once had in airline

Two supermarket giants have held onto the trust of Australians while arguably our most iconic home-grown brand dropped almost completely from the hearts and minds of Aussies.The latest Roy Morgan poll, which determines the nation's most trusted brands every three months, ranked Woolworths and Coles as Australia's most depended-upon brands.  But national carrier Qantas suffered a devastating drop, falling from number nine to be ranked 40th after it was plagued by stories of bad customer service and flight delays.Optus also took a hit, ranking second on Roy Morgan's most distrusted brands' list, knocking Telstra down to three.The embattled telco rose from the 17th spot published in September after its customer data was stolen and leaked online in a cyber security attack last year.Woolworths and Coles came in at number one and two respectively as a part of Roy Morgan's most trusted brand poll for the December quarter Woolworths and Coles came in at number one and two respectively as a part of Roy Morgan's most trusted brand poll for the December quarterBut Qantas sank below the top 10 after the airline was plagued with perceptions of bad customer service and flight delays, landing in 40th place But Qantas sank below the top 10 after the airline was plagued with perceptions of bad customer service and flight delays, landing in 40th placeQantas has fallen a whopping 34 places from its rank six months ago after it was ranked sixth in the middle of 2022.

 The airline's delays, baggage bungles and eVDEn evE NakliYat aircraft turn backs from this year alone have left a bad impression on Aussies. Australia Post made a foray into the top 10 at number nine, with the troubled postal service upping the ante by two spots since last September. It comes in the wake of the group's profits before tax spiraling from $199.8 million to $23. In the event you beloved this information in addition to you desire to acquire more details with regards to eVDen EVe NAKLiyaT generously pay a visit to our own page. 6 million in the first half of the financial year to December 31. Optus also took a hit appearing on the most distrusted brands' list surveyed by Roy Morgan at number two, knocking Telstra down to three Optus also took a hit appearing on the most distrusted brands' list surveyed by Roy Morgan at number two, knocking Telstra down to threeHardware giant Bunnings stayed at number three. Aldi kept up the competition remaining in fourth position with discount store Kmart on its tail at number five. The German supermarket chain has been voted as the most affordable place to shop in, while Kmart also reels Australian customers in looking for a bargain. Upscale department store Myer took out number six spot toppling tech giant Apple down to seven in the December survey. But the winners who took out the top ten included hardware behemoth Bunnings staying put at number three Coles and Woolworths remained on equal footing from last September, eVDEn eve NAkLiYAt sitting securely in the top two spotsAldi kept up the competition remaining in fourth position with discount store Kmart on its tail at number five Aldi kept up the competition remaining in fourth position with discount store Kmart on its tail at number five Big W and EvDEn Eve nAKLiYAt Toyota held on to their places in eighth and 10th places respectively. The most distrusted brand in the Roy Morgan's December report was Facebook Meta, with Optus and Telstra coming from behind in second and third positions respectively. E-Commerce brand Amazon ventured down a spot to number four while News Corp came in fifth place on the list. Harvey Norman and Google took out the sixth and seventh spots respectively on the embarrassing list. Financial services heavyweight AMP reached number eight, with Rio Tinto and Nestle coming up in the rear. Noteworthy contenders outside the top ten most distrusted list included Medibank which suffered a jump to number 14 off the back of its own data breach last October. Twitter also bumped up to number 11 from 17 this quarter after Elon Musk bought the social media stalwart. BP also made an appearance on the shame list at number 16, moving up from 21 from the previous quarter.The most distrusted brand in the Roy Morgan's December report was Facebook Meta, with Optus and Telstra coming from behind in second and third positions respectively The most distrusted brand in the Roy Morgan's December report was Facebook Meta, with Optus and Telstra coming from behind in second and third positions respectivelyE-Commerce brand Amazon ventured down a spot to number four while News Corp came in fifth place on the list E-Commerce brand Amazon ventured down a spot to number four while News Corp came in fifth place on the list