Author: News Room

WASHINGTON, Dec. 05, 2023 (GLOBE NEWSWIRE) — Today, the American Tort Reform Foundation reveals the nation’s most tumultuous legal landscapes with the release of its highly anticipated 2023-2024 Judicial Hellholes® report. This year’s report unveils an unprecedented scenario. Both Georgia and Pennsylvania’s courts, specifically the Pennsylvania Supreme Court and the Philadelphia Court of Common Pleas, share the unfortunate distinction of jointly being named the year’s No. 1 Judicial Hellholes®. The annual exposé analyzes alarming trends across the U.S. civil justice system and unveils the nine worst Judicial Hellholes® in the nation. 2023-2024 Judicial Hellholes®:#1 Georgia#1 The Supreme Court of Pennsylvania…

Average annual copper production of 46,500 tonnes over the first five years with cash costs of $1.89i per pound, and 45,000 tonnes over the first 10 years with cash costs of $1.72i per pound. Represents an approximate 90% increase over 2022 production levels and 50% decrease from 2022 cash costs as a result of the implementation of Hudbay’s operational efficiencies as part of its stabilization and optimization plans. Mine plan reflects Hudbay’s plans to stabilize the operation by remobilizing idle haul trucks, opening additional mining faces and accelerating stripping over the next three years, optimizing ore feed to the plant…

Total Canadian credit active consumers holding at least one credit product at an all time high of 31.2 million.While average credit card balance per consumer rose due to higher cost of living, the number of consumers paying more than the monthly minimum dropped by 311 bps YoY.While consumer-level delinquencies at 1.55% are up by 12 bps YoY, they remain below pre-pandemic levels, highlighting Canadians’ financial resilience. TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) — With a backdrop of ongoing economic pressures, the number of Canadians accessing credit increased in Q3 2023, with 31.2 million people holding at least one credit product…

Melbourne, Australia, Dec. 05, 2023 (GLOBE NEWSWIRE) — SPEE3D, a leading metal additive manufacturing company, today announced the appointment of Adam Lewis as the Chairman of its Board of Directors. He is preceded by Grant Anderson, who will be retiring.  Adam has built a distinguished career and will bring that expertise to SPEE3D as the company looks to provide its patented cold spray additive manufacturing technology to customers worldwide. Adam was previously at McKinsey & Company for 20 years rising to Senior Partner of Australia and New Zealand. He served a wide range of clients worldwide with a focus on…

KEY HIGHLIGHTS: Hole MTC-23-059, a 150-metre step-out hole down-dip, returned 4.79 grams of gold per tonne (“g/t Au”) over 12.8 metres (“m”) including 10.05 g/t Au over 4.3 m at the Montclerg Gold Project (“Montclerg” or the “Project”).Hole MTC-23-063 returned 3.38 g/t Au over 5.8 m near surface.Assay results from 12 holes remain pending. Drilling is planned to resume in February with a primary focus at Montclerg and testing high-priority targets across the Goldarm Property.Completed a first pass till sampling program consisting of 224 samples across the Dore Gold Project (“Dore”), located south of the Pen Gold Project and adjacent…

SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM, BEEMW), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that Judy Krandel has joined the Beam Global board of directors. Ms. Krandel joins Beam Global’s board as an independent board member and Chair of the Audit Committee, with an impressive track record in strategic planning and financial leadership. She brings more than 20 years of experience in asset management, investment, operations, financial reporting and oversight, as well as formal accounting expertise. She has successfully leveraged new technologies to…

SANTA MONICA, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) — Macerich (NYSE: MAC), one of the nation’s leading owners, operators and developers of major retail and mixed-use properties in top markets, today announced that Macerich’s joint venture that owns Tysons Corner Center has just closed a $710 million refinance on this high-quality property in Northern Virginia. The new CMBS loan, which closed on Monday, Dec. 4, bears a fixed interest rate of 6.60% with interest-only payments throughout the loan term, matures on Dec. 6, 2028, and replaces an existing $666 million loan that was scheduled to mature on Jan. 1, 2024.…

(Dubai/Oslo/Delft, 5 December 2023) Norwegian renewables company Statkraft and Dutch climate tech start-up Aquabattery partner to develop a promising technology to improve long-term storage of electricity through a flow battery made with salt water. Aquabattery has developed a Long Duration Energy Storage (LDES) flow battery technology in which energy can be stored with table salt and water. LDES is energy storage with duration exceeding six hours. Today, large-scale battery energy storage systems typically have duration between one and four hours. LDES will play a pivotal role in creating a sustainable and stable energy system globally and regulating the shifting supply…

TURIN, Italy, Dec. 05, 2023 (GLOBE NEWSWIRE) — The Yacht Club de Monaco and the Royal Selangor Yacht Club signed a MoU (Memorandum of Understanding) on November 27th in Kuala Lumpur to strengthen the relations between the two Clubs. Following the signing in 2008 of a reciprocity agreement between Yacht Club de Monaco, whose President Prince Albert II of Monaco, and the Royal Selangor Yacht Club, under the Royal Patronage of The Sultan of Selangor, the two Clubs wish to reinforce their bonds of friendship and collaboration by signing the document  with a view to the Royal Selangor Yacht Club…

TORONTO, Dec. 05, 2023 (GLOBE NEWSWIRE) — High borrowing costs and uncertain economic conditions continued to weigh on Greater Toronto Area (GTA) home sales in November 2023. Sales were down on a year-over-year basis, while listings were up from last year’s trough in supply. With more choice in the market, selling prices remained basically flat year-over-year. “Inflation and elevated borrowing costs have taken their toll on affordability. This has been no more apparent than in the interest rate-sensitive housing market. However, it does appear relief is on the horizon. Bond yields, which underpin fixed rate mortgages have been trending lower…