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SUZHOU, China, Nov. 27, 2024 (GLOBE NEWSWIRE) -- YXT.com Group Holding Limited (NASDAQ: YXT) (“YXT.com” or the “Company”), a leader and disruptor of the digital corporate learning industry in China, today announced changes to its senior management team. Mr. Teng Zu has resigned from his position as the chief executive officer (“CEO”) due to personal reasons, effective today. Mr. Zu’s resignation did not result from any disagreement with the Company. In addition, the board of directors of the Company (the “Board”) appointed Mr. Zu as the vice chairman of the Board, effective today. Mr. Zu will remain with the Company as a director and the vice chairman of the Board. Following this transition, the Board has appointed Mr. Xiaoyan Lu, the Company's director, founder, and chairman of the Board, to serve as the CEO of the Company, effective today. Mr. Lu will continue his role as chairman of the Board. Additionally, the Board has appointed Mr. Yazhou Wu, the Company's chief technology officer (“CTO”), to the additional role of chief operating officer (“COO”). In this expanded capacity, Mr. Wu will oversee the Company’s overall operational management while continuing his technology leadership role. “I am honored to return as CEO at this pivotal time,” said Mr. Xiaoyan Lu. “Mr. Zu has built a strong foundation in digital corporate learning, and I am confident that with our enhanced management structure and dedicated team, we are well-positioned to accelerate our growth strategy. We remain committed to driving innovation in digital corporate learning and creating lasting value for our stakeholders.” Safe Harbor Statements This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to”, or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law. About YXT.com As a technology company, YXT.com provides corporations with digital corporate learning solutions, including SaaS platforms, learning content, and other services. YXT.com is a leader and disruptor of the digital corporate learning industry in China. Established in 2011, YXT.com has supported Fortune 500 companies and other leading companies with their transformation and digitalization of learning and development, and has received recognition, respect and recurring business. Contact Robin Yang ICR, LLC YXT.IR@icrinc.com +1 (646) 405-4883The latest environmental, social and governance (ESG) information can be found at avistacorp.com . SPOKANE, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Today, Avista (NYSE: AVA) published its latest Corporate Responsibility report and other environmental, social and governance (ESG) information on its corporate website, avistacorp.com . The content reports on Avista's operations and includes commitments in four areas: environment, people, customers and communities, and ethical governance. The latest report includes progress updates regarding Avista's aspirational goals for Clean Energy, for workplace Equity, Inclusion, and Diversity, for Supplier Diversity, and the publication of Avista's current Equal Employment Opportunity (EEO) 2023 Employer Information Report EEO-1 Consolidated Report. The website also provides links to Avista's continued reporting on a series of key ESG reporting frameworks and industry specific ESG disclosures and metrics that include new reports adhering to the Task Force on Climate-Related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB), the Edison Electric Institute (EEI) and the American Gas Association (AGA) ESG and sustainability reporting frameworks. "Our mission is to enable vibrant communities through safe, responsible, and affordable energy. Avista's annual Corporate Responsibility Report is an opportunity for us to provide information and concrete examples that demonstrate our company's commitments to our stakeholders in support of this mission. From ensuring robust energy supply and delivery systems, partnering in the shared clean energy economy, inspiring engaged and thriving employees, to committing to financial strength, these are just some of the ways we are delivering upon our mission,” said Avista CEO Dennis Vermillion. Avista's Corporate Responsibility report and ESG disclosures can be found here and at avistacorp.com. About Avista Corp. Avista Corp. is an energy company involved in the production, transmission, and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 418,000 customers and natural gas to 382,000 customers. Our service territory covers 30,000 square miles in eastern Washington, northern Idaho, and parts of southern and eastern Oregon, with a population of 1.7 million. AERC is an Avista subsidiary that, through its subsidiary AEL&P, provides retail electric service to 17,000 customers in the city and borough of Juneau, Alaska. Our stock is traded under the ticker symbol "AVA”. For more information about Avista, please visit www.avistacorp.com. Avista Corp. and the Avista Corp. logo are trademarks of Avista Corporation. To unsubscribe from Avista's news release distribution, send reply message to [email protected] . SOURCE: Avista Corporation Contact: Media: Lena Funston (509) 495-8090 [email protected] Investors: Stacey Wenz (509) 495-2046 [email protected] Avista 24/7 Media Access (509) 495-4174FTC: Evolv Oversold Abilities of AI-Powered Weapon Detector
Judge Arun Subramanian ruled to deny bail for Sean "Diddy" Combs on Wednesday. Both federal prosecutors and Combs' attorneys submitted their final letters about whether the music mogul should be allowed out on bail on Monday. Prosecutors argued that Combs’ attempt to influence witnesses while in jail “constitutes obstruction” of his criminal case. They also called out Combs’ “recent efforts to influence the jury pool” through a social media campaign organized by his children. MORE: Attorney for many Diddy accusers sued for alleged 'extortionate plot' Defense attorneys said that their client's conduct was protected free speech, meant to combat “outrageous claims about Mr. Combs” by “government agents, plaintiffs’ attorneys, and others with questionable motives.” Subramanian had asked the parties to submit these final arguments in writing and said he would issue a written decision on bail. MORE: Sean Combs' lawyers say video of alleged assault on girlfriend was 'manipulated' Combs, who pleaded not guilty to racketeering conspiracy, sex trafficking and prostitution charges, has offered to remain on home confinement in a three-bedroom apartment on Manhattan’s Upper East Side with 24/7 security guards and restrictions on visitors and communications. Last Friday, the defense called the proposed conditions “far more restrictive” than Combs faces in jail. They included limiting phone calls to lawyers, restricting visitors other than lawyers and specific family members, keeping a visitation log, and avoiding contact with witnesses or potential witnesses. However, federal prosecutors have said there are no conditions that can reduce Combs’ risk of tampering with witnesses or shaping the opinions of potential jurors. They also brought up a 2016 video of Combs attacking then-girlfriend and protégé Cassie Ventura in a hotel hallway, saying that it showed the danger he could pose to women if allowed out on bail. In court last Friday, prosecutors summarily said that Combs "cannot be trusted" to follow the rules of a pretrial release.The global laptop market is forecast to grow by 4.9 percent during 2025, but commercial upgrade cycles and the looming Windows 10 end of life are driving this rather than demand for AI-capable PCs. Taiwan-based market watcher TrendForce says it expects laptop shipment figures to show a moderate recovery for the end of 2024, then pick up next year – and it isn't due to AI PCs as "the impact of AI-integrated notebooks on the overall market remains limited for now." Looking over the market, the firm says that commercial laptops faced "headwinds" during 2024 because of factors such as economic and political instability, which led to more cautious demand. Despite this, it still expects annual shipments to total 174 million units, marking a 3.9 percent year-on-year increase. Going forward, it believes that political uncertainty following the US presidential election is now subsiding, and that rate cuts by the Federal Reserve back in September are likely to "stimulate capital flow." This will open up the floodgates of deferred replacement demand from corporates, TrendForce forecasts, leading to a stronger recovery for the commercial market in 2025. Combined with the end-of-service date for Windows 10 in October next year, this is set to see shipments grow by 4.9 percent to 183 million units. Other factors behind the sluggish recent demand are pricing and confusion over the newly introduced AI PC category. "Businesses want to move to AI PCs but not pay a premium as there are no compelling business cases," Gartner research director Ranjit Atwal recently told The Register . Currently, AI-capable PCs carry a 10-15 percent price premium over standard PCs, something that will likely need to change in order to loosen the corporate purse strings. The confusion is caused by differing AI PC definitions, with vendors such as Intel simply regarding it as a system with one of its latest processors that includes an embedded neural processing unit (NPU) for accelerating some AI tasks, while Microsoft's CoPilot+ PC branding is for Windows systems with an NPU that performs at 40 TOPS or greater. Businesses are hesitant as they are uncertain over which definition will offer the greater future-proofing should AI algorithms become a key part of everyday workloads in the near future. However, the IT channel is stocking up with AI-capable PCs in anticipation of a wave of fresh sales, with recent reports indicating these made up 20 percent of all shipments to distributors during Q3 2024. Meanwhile, Microsoft is stepping up its own campaign to encourage Windows 10 users to move to Windows 11 by pushing full-screen ads in front of them, which will often mean investing in new PC hardware. TrendForce also warns of the elephant in the room: that the global laptop market remains closely tied to US trade policies, and it is probable that it will feel the impact of any heightened import tariffs that may be brought in by the Trump administration. China remains the dominant manufacturing hub for laptop production, making up about 89 percent of total capacity. While some of the companies involved are expanding production into other countries such as Vietnam, Thailand, India, and Mexico, TrendForce notes that establishing a fully integrated supply chain ecosystem in these regions to avoid the worst tariffs will take time. Consequently, the market intelligence firm concludes that its 2025 shipment forecasts "may be subject to adjustments based on evolving market conditions." A cheery thought to usher in the new year. ®
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