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Sun, 02 Jun 2024 07:46 PM Modi’s BJP retains power in Indian state bordering China Indian Prime Minister Narendra Modi’s Bharatiya Janata Party has won the regional vote in Arunachal Pradesh, a state bordering China, while a local party swept to power in Sikkim, a Himalayan state, officials and politicians said on Sunday.Provincial elections in Arunachal Pradesh and Sikkim were held on April 19, simultaneously with the first phase of the national polls.The BJP comfortably retained power in Arunchal Pradesh by winning 46 of the 60 seats.Modi on social media X said the people of Arunachal Pradesh had given “an…

Illinois lawmakers have called out the bluff of online sports betting companies who have suggested they may scale back their operations in the state or even shut down altogether under a tougher progressive tax system imposed in Gov. J.B. Pritzker’s latest budget.FanDuel and DraftKings will soon be taxed up to 40% on their net revenues under a spending plan passed by the Illinois General Assembly last week, higher than the flat 15% tax rate that has been imposed on sportsbooks since the state’s now multi-billion-dollar sportsbook industry took off in 2020.The two largest mobile gambling companies, which earned more than…

Water service has been restored to several major buildings in Atlanta after corroded water mains burst in downtown and midtown Atlanta, forcing the closure of many businesses and attractions and affecting water service to residential areas, officials said.The Atlanta Basin Authority said in a news release that by Sunday morning, crews had completed sufficient repairs to fully restore service to Hartsfield-Jackson Atlanta International Airport. Service has also been restored to the Fulton County Jail and the Atlanta City Jail, as well as “many of Atlanta’s critical facilities and residents, including senior high-rise buildings,” the authority said. Atlanta officials began gradually…

SINGAPORE — After his first meeting with U.S. Defense Secretary Lloyd Austin, China’s new defence minister paused in an outdoor corridor to wipe the fog from his glasses.Standing near the reporters, Admiral Dong Jun smiled and explained to a member of the U.S. delegation what he thought were the best places to see pandas in China. It was diplomacy in action.Two days later, Don’s tone changed.Tung delivered a stern and sometimes fiery speech on the final day of the Shangri-La Dialogue, a defense summit bringing together government officials from across the region in Singapore, in which he warned that anyone…

While it was difficult for USA Gymnastics to select its four-person women’s team for the 2021 Tokyo Olympics, selecting participants for the 2024 Paris Olympics may be even tougher.Why? The U.S. brought six gymnasts to the Tokyo Games: four team members and two individuals. This year they might only bring five, but all of them will compete in team competitions.This has two benefits for the U.S. team. First, it gives them more flexibility in team play. every Members need to be good all-around players — in other words, Team USA has room for one specialist if any area needs strengthening.At…

It’s easy to understand why investors are attracted to unprofitable companies — for example, Salesforce.com, the software-as-a-service company that lost money for years while its recurring revenue grew, would certainly have made a big profit if you held its shares since 2005. But the harsh reality is that many loss-making companies burn through cash and go bankrupt.Considering this risk, we Solid Bioscience (NASDAQ:SLDB) shareholders should be concerned about the company’s cash burn. For the purposes of this article, we define cash burn as annual (negative) free cash flow, which is the amount a company spends each year to fund growth.…

Article informationauthor, Paul Seddonrole, Political reporter2 June 2024 14:50 BSTUpdated 1 hour agoThe Green Party co-leader told the BBC that finding alternative ways of measuring economic success could help build a fairer society.The party has long argued that economic growth leads to resource overuse and should not be the government’s default goal.Adrian Ramsay said relying on gross domestic product (GDP) to judge the state of the economy was a “blunt instrument”.He added that decisions about what policies to pursue should reflect the “broader economic measures.” This contrasts with other parties, which often tout plans to promote economic growth during election…

SINGAPORE — U.S. and Chinese defense leaders this weekend laid out competing visions for a modern security order in the Indo-Pacific, with the U.S. side defending Washington’s expanding network of security partnerships while Chinese officials promoted their own alliances and portrayed the U.S. as a foreign aggressor meddling in Asian affairs.Defense Secretary Lloyd Austin and his Chinese counterpart Dong Jun each spoke at the Shangri-La Dialogue, an annual international security forum in Singapore that’s one of the few times the two rival military leaders can socialize over panels, dinners and cocktail hours at luxury hotels. Austin and Dong also met…

Former President Donald Trump said Sunday that being sentenced to house arrest or prison would be a “breaking point” for the nation after he was found guilty of all charges in last week’s hush money trial.In a clip from the 90-minute interview that aired Sunday on “Fox & Friends Weekend,” Trump was asked about the possibility that Judge Juan Marchand, who is presiding over the case, might impose a house arrest or prison sentence. Trump is scheduled to be sentenced on all 34 felony charges in New York on July 11, just days before the Republican National Convention.”That’s OK,” Trump,…

At least two soldiers are stationed on a Philippine warship that is stranded on a disputed reef in the South China Sea.South China Sea A China Coast Guard patrol boat was fired upon last month, state broadcaster CCTV said.A post on Sunday by China Central Television station CCTV’s “Frontline” social media account said the incident happened near Second Thomas Shoal, which has been the center of a number of clashes in recent months.The post said that on May 19, Manila conducted an airdrop of supplies to the “illegally stranded” Sierra Madre island, and that the Chinese side “responded in accordance…