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2025-01-13   

The RBI and the Maldives Monetary Authority on Thursday signed an agreement here for establishing a framework to promote the use of local currencies -- the Indian Rupee and the Maldivian Rufiyaa (MVR) for cross-border transactions . The Memorandum of Understanding (MoU) was signed by Governor of Reserve Bank of India Shaktikanta Das and Governor of Maldives Monetary Authority Ahmed Munawar. "The MoU encourages the use of INR and MVR in current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both countries," the RBI said in a statement. This framework would enable exporters and importers to invoice and settle in their respective domestic currencies, which in turn would enable the development of trading in the INR-MVR pair in foreign exchange market. Use of local currencies would optimise costs and settlement time for transactions, the RBI added. "This collaboration marks a key milestone in strengthening bilateral cooperation between RBI and MMA," it said. 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Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Moreover, advancements in technology and digitalization have played a significant role in driving the development of SMEs in China. With the increasing adoption of digital tools and platforms, SMEs are able to enhance their operational efficiency, reach a broader customer base, and improve their competitiveness in the market. The ongoing digital transformation has enabled SMEs to adapt to changing consumer preferences and market trends, positioning them for greater success in the long run.betking

While the club claims that cost-cutting measures are essential in the current climate, it seems hypocritical to prioritize financial savings while simultaneously retaining players who have consistently failed to meet the expectations set by one of the world's most prestigious football clubs. Names such as Phil Jones, Jesse Lingard, and Marcos Rojo are just a few examples of players who have failed to make a significant impact on the pitch yet continue to draw substantial salaries.PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV) on behalf of purchasers of EVOLV securities between August 19, 2022 and October 30, 2024, inclusive (the “Class Period”) . Investors that suffered losses from EVOLV (NASDAQ: EVLV) investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the lawsuit. Investors who purchased or acquired EVOLV securities during the Class Period may, no later than DECEMBER 31, 2024 , seek to be appointed as a lead plaintiff representative of the class. Headquartered in Waltham, MA, Evolv is a security technology company that utilizes AI-based screening designed to help create safer experiences. On October 25, 2024, Evolv announced that the Company's financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition. The Company revealed that certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms not shared with the Company's accounting personnel and that certain Evolv personnel had engaged in misconduct. The Company further announced that it had self-reported these issues to the Securities and Exchange Commission. On this news, the price of Evolv stock declined approximately 40%, from a close of $4.10 per share on October 24, 2024, to a close of $2.47 per share on October 25, 2024. On October 31, 2024, Evolv announced the termination of its CEO, Peter George, effective immediately. On this news, the price of Evolv stock declined approximately 8%, from a close of $2.34 per share on October 30, 2024, to a close of $2.15 per share on October 31, 2024. For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE . A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague , with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contacts: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 aabramowitz@bm.net Peter Hamner Berger Montague PC (215) 875-3048 phamner@bm.net

Throughout the proceedings, Manchester City vigorously defended themselves against the allegations, presenting a strong case to refute the charges. Their legal team meticulously dissected each accusation and provided evidence to support their claims of innocence. The club's officials and representatives appeared confident and resolute in their defense, determined to clear their name and preserve their reputation.

‘Like gold’: Allan government urged to set affordable housing targetsOn the other hand, Nvidia's own actions and business practices may have also contributed to the investigation. The company's dominant position in the GPU market, along with its ambitious expansion plans, have raised concerns about fair competition and market consolidation. Critics argue that Nvidia's acquisition of Arm would further solidify its market dominance and stifle competition, leading to higher prices and reduced innovation.However, it is important to emphasize that the process of adaptation is essential for the success of young Chinese players in Europe. Moving to a new country, with different customs, languages, and playing styles, can be a daunting prospect for young athletes. Therefore, it is crucial for Chinese football authorities, clubs, and coaches to provide the necessary support and guidance to help these players transition smoothly and succeed in their new environments.An Italian renewable energy giant and Japan's largest oil and gas company are plugging into Australia's clean energy resources under the banner of a new company. Potentia Energy will be launched at the Sydney Opera House on Monday as an Australian renewable energy firm co-owned by Rome-headquartered Enel Green Power and INPEX. With rights in place for a development pipeline of over seven gigawatts across the country, Potentia is most focused on developing and acquiring assets in NSW, Queensland and Western Australia, chief executive Werther Esposito told AAP. The company is not deterred by the risk of political change, with opinion polls favouring the coalition ahead of the 2025 federal election. "The energy transition will go ahead in any case. There could be an acceleration or slowing down in the process," Mr Esposito said. "Renewables represent, from a technical and economic perspective, the solution for climate change," he said. "I don't think any government could deny that today wind and solar are cheaper than other technologies, and are faster in reaching the phase of deployment and construction and then supply of renewable energy." NSW had suffered some planning delays that had hit investment but there had been a "strong improvement" in the past 12 to 18 months, he said. The company also has a stake in Queensland, particularly in the north's Copperstring area, where the recently elected LNP government has pledged to stick by a massive transmission project begun under Labor. Enel won the bidding in 2024 to develop renewable energy to power a vanadium mining and processing project, which is one of a number of giant resources projects intended to be connected to the $9 billion Copperstring transmission line from Townsville to Mt Isa. WA offered a "huge opportunity" for the deployment of wind farms and battery energy storage systems, Mr Esposito said. With a decades-long footprint in Australia's north and west, INPEX is Japan's largest fossil fuel exploration and production company. Under pressure to reduce its global contribution to climate change, INPEX is already developing the production of liquid hydrogen and ammonia. "They elected Australia as the market to start diversification of the energy mix and huge investment in renewables," Mr Esposito said. "Of course in this regard, Australia is the place to be," he said. Enel and INPEX joined forces in a share purchase agreement in 2023, with the renewables business operating plants comprising 310 megawatts of solar capacity across South Australia and Victoria and a 75MW wind farm in Western Australia. A 93MW solar farm is under commissioning in Victoria and financial close was recently announced for a hybrid 98MW solar and 20MW battery project in NSW. But with international firms lining up to exploit clean energy resources, Australians living alongside projects are demanding a share of future profits through community funds, power bill rebates and other benefits. "The energy transition should be just. To be just it means that you need to support the communities and involve the communities in a proper way," Mr Esposito said. He said Enel was proud of its legacy in providing support to areas facing a changing landscape and the impact of new infrastructure, including community funds, a focus on local hiring and providing training to support new jobs. "It's an approach that is, for us, absolutely a pillar of our strategy," he said. "We are still facing some regulatory ambiguity in what a social licence means, and we are trying to be a leader in the industry in helping and supporting all the key stakeholders in determining and defining what it is."

In recent days, Tencent Video has announced a new policy concerning its premium membership users: a restriction on the number of devices that a member can log in to simultaneously. This move aims to curb the widespread practice of account "sharing" among users, ultimately aiming to protect the rights of content creators and uphold the integrity of the platform. The acquittal of the veteran has reignited conversations about the deep-rooted racism that continues to plague American society, particularly in the realm of law enforcement and judicial proceedings. It serves as a stark reminder that the struggle for racial equality and justice is far from over, and that systemic change is urgently needed to ensure that all individuals are treated fairly and equitably under the law.UF (6-0) opens at 2:30 p.m. Thursday against Wake Forest (6-1) aiming to avenge a November 2023 loss to the Demon Deacons. Minnesota (5-1) and Wichita State (5-0) meet at noon.

Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash outMust protect our aquifer If you are reading this letter, there’s a fair chance you live in one of the 14 counties that get their water from the Mahomet Aquifer. Recently, a measure was held up by the Senate Executive Committee in Springfield that would have banned the injection of carbon dioxide through or storage of it under our aquifer. The ban is needed to protect our water supply from heavy-metal contamination, acidification and salinization if stored CO2 were to leak. Several corporations are poised to inject CO2 right through the Mahomet Aquifer for the purpose of storing it deep underground because they stand to gain substantial tax credits/rebates by doing so. But the aquifer was designated as a sole-source aquifer by the U.S. Environmental Protection Agency in 2015. That means it supplies over 50 percent of the area’s drinking water and there are no other alternative drinking-water sources. Unfortunately, there are no guarantees that this technology won’t fail and contaminate our water supply. As proof of the threat, this year, two leaks occurred at Archer Daniels Midland’s sequestration monitoring wells in Decatur. This is all the warning we need. Please contact state Sen. Paul Faraci, D-Champaign, and state Rep. Carol Ammons, D-Urbana. Thank them for sponsoring the bill to keep the Mahomet Aquifer safe and urge them to keep fighting for a ban on carbon sequestration to keep our water safe. Talk to your friends and neighbors and make them aware of the threat. Add your voice in opposition to the proposals that threaten public health in our area. CHRISTINE MAIN Champaign

Among the 30 bills elbowed through in the Parliamentary rush were 3 bills agreed by the Government and Opposition targeting refugees. Human rights lawyer Alison Battison says Australia is criminalising refugees. In the last Parliamentary session of 2024, the Labor Party pushed through over 30 pieces of legislation, including three bills targeting refugees, asylum seekers, stateless and non-citizen Indigenous people. This rushed suite of legislation was not drafted in response to any pressing concern of national importance. Instead, it’s overriding purpose was and is to secure votes, so Labor can claim they are even more strict on border control and community safety than the Coalition. The legislation, however, does not address these areas in any cohesive manner. Instead, it creates great uncertainty for thousands of people who are worried they will be ripped away from their families and homes, detained and removed to places they have never been and have no connection to. Just weeks before this suite of legislation was passed, I had self-funded travel to the UN in Geneva for meetings with the UN Working Group on Arbitrary Detention (WGAD). The WGAD is a specialist body within the Human Rights Council and the General Assembly. The WGAD personally invited me to address them and civil society on developments in Australia regarding the arbitrary detention of refugees, asylum seekers, stateless and non-citizen Indigenous people in Australia’s immigration prisons. These are the very people the new suite of legislation targets. Being a legal expert in this area I have submitted scores of complaints to the WGAD over the years. Australia has a terrifying record of its treatment of these vulnerable people, in particular for the conditions of, and length of time refugees and others are subject to administrative detention. I have clients who were detained for over 10 years, with the longest being over 13 years. This is administrative detention at the whim of the Government, the administrative equivalent of being detained at the “Governor’s pleasure.” Despite a landmark judgment handed down in November 2023, which finally set down the Constitutionally permitted limits of administrative detention, I was at the UN to inform them that situation had not dramatically improved and was likely to deteriorate further. The passing of the suite of legislation (meant to address the fall out of the 2023 High Court decision) has unfortunately proven my point. I told the UN and civil society that instead of pro-actively identifying detainees caught by the High Court judgment who should have been released immediately, the Government had left it up to lawyers such as myself to find and identify such people in the detention network and then threaten legal action for unlawful imprisonment. More than 12 months later, I am still identifying multiple people every month who are unlawfully imprisoned, including very vulnerable young and queer people. Given their detention is a breach of our Constitution, this is a terrible indictment of the Australian Government’s commitment to our separation of powers. I had expected better of a Labor Government and had expected they would reduce the ease at which people could be administratively detained. I was wrong. I told civil society (to audible gasps) that Australia’s immigration prisons are not centres in which a person can come and go – they are prisons with high levels of security and monitoring, with razor wire, internal movement restrictions and handcuffing if anyone needs to leave, including for medical or legal appointments. Distressingly, the new suite of legislation includes measures to further limit the contact people have with the outside world, by allowing guards (who are presumedly not trained in forensic analysis) to confiscate, check and ban phones from people they believe are committing crimes. I told the UN that when people are released, they are fitted with electronic monitoring ankle devices and are subject to nighttime curfews. If they breach their visa conditions, they are liable for 12 months minimum prison time. These people, where they have criminal convictions, have already served their terms of imprisonment and are subject to the same monitoring as any other person in Australia. Their treatment is the very definition of criminalising immigration. They are tagged like cattle for administrative, not criminal, purposes. The same suite of legislation also makes it lawful for the Australian Government to pay other countries to take these people, and if the person doesn’t assist with their removal to a place they have never been, they are liable for another round of administrative detention. This means that Australia, a wealthy Western country has legislated to use taxpayer funds to pay poorer nations to take the people our Government deems too unworthy to be in our country – including mothers of young children with no criminal records. Given Australia’s history as the place the British Empire sent its convicts, the people it didn’t want, this move is the height of hypocrisy. Some of my ancestors are Luddites and were sent to Australia for their political crimes. They were unwanted and inconvenient in their homeland. History is repeating itself. The legislation to send refugees to other nations is built on the “Pacific Solution”, in which Australia sent thousands for regional processing to Nauru and Manus Island, PNG. The irony of this is that remote processing in remote prisons has not stopped irregular migration – it does not address the push factors that cause people to leave their homes. It doesn’t work. And there is no evidence that the new legislation will work either. Instead, Australia is merely feeding the billion-dollar industry of publicly funded private contracts – it is Australia’s own industrial prison complex. I am fielding scores of calls from petrified people who worry they and their families will be pulled apart by the new legislation. People with Australian citizen partners and young children. People with no criminal record. There appears to be no human right the Government won’t trample on in its race to prove its potentially vote winning cruelty has no bounds. The WGAD is coming to Australia in 2025. The Government has already delayed its visit due to the forthcoming election. When they eventually arrive, I can’t imagine I will be providing the UN with an update that is anything but a rendition of the steps taken to win votes by victimising some of the most vulnerable in the Australian community.In response to economic challenges and market dynamics, there is anticipation of policy changes and stimulus measures in the real estate sector. Governments may introduce incentives such as tax breaks, subsidies, and grants to stimulate investment and boost the housing market. Additionally, regulatory reforms aimed at enhancing transparency, reducing barriers to entry, and promoting sustainable development are expected to shape the future landscape of the real estate market.Bendigo landlords are quitting the property game and selling up for better returns elsewhere, in an already tight market. or signup to continue reading Local agents and former property owners report that interest rate increases, taxes and red tape are driving investors to sell their properties, leaving renters to compete for a diminishing number of homes. Damien O'Shannessy, director of Bendigo Real Estate, estimated nearly 40 per cent of the rental properties they had sold over the past year had gone to owner-occupiers. "That's a nationwide thing - rent rolls all over Australia are maintaining or shrinking," he said. "We've got landlords bailing left, right and centre." He also reported that applications for individual rental properties had surged to the extent that agencies, including his, will stop taking them. "We just get to a point and we can't process any more," he said. Mr O'Shannessy said increasing taxes, interest rate rises and minimum rental standards were causing landlords, especially older landlords, to leave the market. "They just switch off and put their hands up and say, 'it's all too much'," he said. Meanwhile, as the housing supply shrinks, renters who once lived by themselves have been forced into sharehouses. "You're getting more vulnerable people pushed out of the market," he said. Brock Pinner, marketing manager at McKean McGregor, agreed that increases in land tax and interest rates, as well as the minimum rental standards which were introduced in 2021, were driving landlords out of the housing market. According to Mr Pinner, his agency was seeing a number of affordable residential properties, which would usually supply the rental market, being "snapped up" . He also said a number of landlords simply felt they could get higher rates of return in other investments. "At the moment you're able to get a higher return by just simply sitting your money in the bank," he said. Long-time property owner Philip Pilven cited increasing fees behind the recent sale of five of his Huntly properties, four of which were rentals. He listed increasing insurance, water bills and interest rates as factors behind the sale, but a recent land tax hike was a "big driver", he said. He said his land tax bill increased from $16,000 last year, to $48,000. "There was just no way known we could support that," he said. Land tax general rates have risen twice since 2021, more than doubling the annual tax take for property at Bendigo's median house price ($610,000). Melbourne-based investors Rebecca and Simon Roberts recently sold a Huntly property they purchased around three years ago as part of a retirement plan. Ms Roberts said their interest-only loan was ending, and the looming principal repayments meant they had to "up and run". "It was going to cost us a lot of money to keep it or we'd have to put the rent up so high for our retired tenants that they wouldn't be able to afford it either," she said. A Victorian Government spokesperson said rental minimum standards were normal expectations for a home - like lockable doors, a working toilet and no mould. "These aren't luxuries - landlords are absolutely entitled to rent out their property, and renters are entitled to these basic minimum standards," they said. They also pointed to a November CoreLogic report suggesting more investors are buying rather than selling in Victoria. According to the report, Australian Bureau of Statistics data shows the number of investor loan commitments in the year to September was up 18.8 per cent on the previous 12-month period. It suggests investor types may be changing, with less leveraged investors and more first home buyers entering the market. Local renters were less sure of the reasons behind the rental squeeze, but confirmed stiff competition for rental properties in the city. "It's a bloodbath out there," mechanic Darren Wyatt said while he was waiting to check a rental in Kennington. The 50-year-old had been searching for a home for he and his son for more than a month after the landlord for his previous rental sold up. "Because I work full-time, you can't make it to inspections when they're open," he said. Another attendee to the Kennington property, Gail McDonald, said she had been looking to move from her current rental for the last three months, but some rental inspections had so many attendees she didn't bother to apply. "I've got enough for a deposit on a house, but not here in Bendigo," the 70-year-old said. "I don't know what to do. It's awful." Brodie Everist is a Bendigo-based journalist who joined the Bendigo Advertiser in 2024 after covering news in North East Victoria for two years. Reach out with news or updates to brodie.everist@austcommunitymedia.com.au Brodie Everist is a Bendigo-based journalist who joined the Bendigo Advertiser in 2024 after covering news in North East Victoria for two years. Reach out with news or updates to brodie.everist@austcommunitymedia.com.au DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! 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In conclusion, the discovery of the missing female master's degree student and the subsequent apprehension of suspects involved in her disappearance have brought a mix of relief and concern to the community. The incident serves as a stark reminder of the need for greater awareness and proactive measures to ensure the safety and well-being of individuals, particularly students, in today's society. The investigation is ongoing, and authorities are committed to uncovering the truth and holding those responsible accountable for their actions.

As the investigations unfold, there is a sense of anticipation and trepidation among the populace. Many are hopeful that the truth will finally come to light, and that those responsible for the turmoil and malfeasance will be held to account. At the same time, there is also a sense of unease and uncertainty about the potential ramifications of the investigations and what they may mean for the future of the government.(All times Eastern) Schedule subject to change and/or blackouts Sunday, Dec. 8 AUTO RACING 7:55 a.m. ESPN2 — Formula 1: The Etihad Airways Abu Dhabi Grand Prix, Yas Marina Circuit, Abu Dhabi, United Arab Emirates ESPNU — Formula 1: The Etihad Airways Abu Dhabi Grand Prix, Yas Marina Circuit, Abu Dhabi, United Arab Emirates (F1 Kids) COLLEGE BASKETBALL (MEN’S) Noon BTN — Maryland at Purdue FS1 — Oklahoma St. at Seton Hall SECN — Richmond at Auburn 12:30 p.m. ESPNU — Vanderbilt vs. TCU, Fort Worth, Texas 1 p.m. ESPN2 — Kansas at Missouri 3 p.m. ESPN2 — Texas A&M vs. Texas Tech, Fort Worth, Texas 4 p.m. ESPNU — Arkansas St. at Memphis 5 p.m. ESPN — UConn at Texas 6 p.m. ACCN — Duke at Louisville BTN — UCLA at Oregon COLLEGE BASKETBALL (WOMEN’S) Noon ACCN — Notre Dame at Syracuse 2 p.m. ACCN — SMU at Florida St. BTN — Minnesota at Nebraska SECN — Tennessee St. at Mississippi 4 p.m. ACCN — Virginia Tech at Duke BTN — Illinois at Ohio St. SECN — Kansas St. at Texas A&M 7 p.m. ESPN2 — South Carolina at TCU COLLEGE FOOTBALL Noon ESPN — College Football Playoff Selection Show COLLEGE WATER POLO (MEN’S) 6 p.m. ESPNU — NCAA Tournament: TBD, Stanford, Calif. FIGURE SKATING 4:30 p.m. NBC — ISU: The Final 2024, Grenoble, France GOLF 4 a.m. GOLF — DP World Tour: The Nedbank Golf Challenge, Final Round, Gary Player Country Club, Sun City, South Africa 11:30 a.m. GOLF — PGA Tour: The Hero World Challenge, Final Round, Albany Golf Club, Nassau, Bahamas 1:30 p.m. NBC — PGA Tour: The Hero World Challenge, Final Round, Albany Golf Club, Nassau, Bahamas HORSE RACING Noon FS2 — NYRA: America’s Day at the Races NBA G-LEAGUE BASKETBALL 2 p.m. NBATV — Westchester at Raptors 905 NFL FOOTBALL 1 p.m. CBS — Regional Coverage: Jacksonville at Tennessee, N.Y. Jets at Miami, Cleveland at Pittsburgh, Las Vegas at Tampa Bay FOX — Regional Coverage: Atlanta at Minnesota, New Orleans at N.Y. Giants, Carolina at Philadelphia 4:05 p.m. CBS — Seattle at Arizona 4:25 p.m. FOX — Regional Coverage: Buffalo at L.A. Rams, Chicago at San Francisco 8:20 p.m. NBC — L.A. Chargers at Kansas City PEACOCK — L.A. Chargers at Kansas City NHL HOCKEY 1 p.m. NHLN — Seattle at N.Y. Rangers 7 p.m. NHLN — Colorado at New Jersey SOCCER (MEN’S) 9 a.m. USA — Premier League: Brighton & Hove Albion at Leicester City 11:30 a.m. USA — Premier League: Chelsea at Tottenham Hotspur Noon CBSSN — Serie A: Como at Venezia SWIMMING Noon NBC — U.S. Open: Championships, Greensboro, N.C. (Taped) TENNIS 9:30 a.m. TENNIS — Ultimate Tennis Showdown The Associated Press created this story using technology provided by Data Skrive TV listings provided by LiveSportsOnTV .

PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against Evolv Technologies Holdings, Inc. ("Evolv" or the "Company") EVLV on behalf of purchasers of EVOLV securities between August 19, 2022 and October 30, 2024, inclusive (the "Class Period") . Investors that suffered losses from EVOLV EVLV investments can follow the link below for more information regarding the lawsuit: CLICK HERE to learn more about the lawsuit. Investors who purchased or acquired EVOLV securities during the Class Period may, no later than DECEMBER 31, 2024 , seek to be appointed as a lead plaintiff representative of the class. Headquartered in Waltham, MA, Evolv is a security technology company that utilizes AI-based screening designed to help create safer experiences. On October 25, 2024, Evolv announced that the Company's financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition. The Company revealed that certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms not shared with the Company's accounting personnel and that certain Evolv personnel had engaged in misconduct. The Company further announced that it had self-reported these issues to the Securities and Exchange Commission. On this news, the price of Evolv stock declined approximately 40%, from a close of $4.10 per share on October 24, 2024, to a close of $2.47 per share on October 25, 2024. On October 31, 2024, Evolv announced the termination of its CEO, Peter George, effective immediately. On this news, the price of Evolv stock declined approximately 8%, from a close of $2.34 per share on October 30, 2024, to a close of $2.15 per share on October 31, 2024. For additional information or to learn how to participate in this litigation, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net or (215) 875-3048, or CLICK HERE . A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member. Berger Montague , with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. Contacts: Andrew Abramowitz, Senior Counsel Berger Montague (215) 875-3015 aabramowitz@bm.net Peter Hamner Berger Montague PC (215) 875-3048 phamner@bm.net © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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