April 1, 2023 – Turkey News Gazette

April 1, 2023

ROSEN, TRUSTED NATIONAL TRIAL COUNSEL, Encourages SVB Financial Group Investors to Secure Counsel Before Important Deadline in Securities Class Action Initiated by the Firm – SIVB, SIVBQ

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of SVB Financial Group (NASDAQ: SIVB) (OTC: SIVBQ) between June 16, 2021 and March 10, 2023, inclusive (the “Class Period”), of the important May 12, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased SVB securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the SVB class action, go to https://rosenlegal.com/submit-form/?case_id=12882 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 12, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company failed to disclose to investors the risks presented by impending rising interest rates; (2) the Company failed to disclose to investors that, in an environment with high interest rates, it would be worse off than banks that did not cater to tech startups and venture capital-backed companies; (3) the Company failed to disclose that, if its investments were negatively affected by rising interest rates, it was particularly susceptible to a bank run on Silicon Valley Bank; (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SVB class action, go to https://rosenlegal.com/submit-form/?case_id=12882 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8799796

April 1, 2023

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Stanley Black & Decker, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SWK

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the common stock of Stanley Black & Decker, Inc. (NYSE: SWK) between October 28, 2021 and July 28, 2022, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 23, 2023.

SO WHAT: If you purchased Stanley Black & Decker common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Stanley Black & Decker class action, go to https://rosenlegal.com/submit-form/?case_id=13771 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 23, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) rising interest rates, inflation, and trends in returning to work away from home were in fact quickly eroding then heightened demand for Stanley’s tools and outdoor products; (2) the heightened, extraordinary demand Stanley had enjoyed as a result of the COVID-19 pandemic in 2021 and 2022 was returning to 2019 pre-pandemic levels; (3) Stanley’s operations were already showing signs of slowing demand; (4) as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand; (5) as a result of Stanley’s inability to react to a sharp decline in demand, the Company’s results and metrics, particularly sales volume, were severely negatively impacted; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Stanley Black & Decker class action, go to https://rosenlegal.com/submit-form/?case_id=13771 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

GlobeNewswire Distribution ID 8799816

April 1, 2023

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Signature Bank Investors to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – SBNY, SBNYP

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Signature Bank (NASDAQ: SBNY, SBNYP) between March 2, 2023 and March 12, 2023, both dates inclusive (the “Class Period”), of the important May 15, 2023 lead plaintiff deadline, in the securities class action commenced by the Firm.

SO WHAT: If you purchased Signature Bank securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Signature Bank class action, go to https://rosenlegal.com/submit-form/?case_id=12988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 15, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Signature Bank did not have the strong fundamentals that it represented itself as having in the days immediately prior to its takeover, or otherwise took action that left it susceptible to a takeover by the New York Department of Financial Services (“DFS”); (2) as a result, it became a target for regulatory action by the DFS, and (3) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Signature Bank class action, go to https://rosenlegal.com/submit-form/?case_id=12988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40^th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8799836

April 1, 2023

RVYL FINAL DEADLINE NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages RYVYL Inc. f/k/a Greenbox POS Investors to Secure Counsel Before Important April 3 Deadline in Securities Class Action Filed by the Firm – RVYL, GBOX

NEW YORK, March 31, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Ryvyl Inc. f/k/a Greenbox POS (NASDAQ: RVYL, GBOX): (i) pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s January 29, 2021 public offering (the “Offering”); and/or (ii) between January 29, 2021 and January 20, 2023, both dates inclusive (the “Class Period”), of the April 3, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Ryvyl securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Ryvyl class action, go to https://rosenlegal.com/submit-form/?case_id=11425 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, the Registration Statement was false and/or misleading and/or failed to disclose that: (1) the Company would restate certain financials; (2) the Company’s internal controls were inadequate; (3) the Company downplayed and obfuscated its internal controls issues; and (4) as a result, the Registration Statement was materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Ryvyl class action, go to https://rosenlegal.com/submit-form/?case_id=11425 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

GlobeNewswire Distribution ID 8799783

April 1, 2023

Bonesetters in Kashmir: Healing power beyond modern medicine

Mohammad Ayub was waiting in a long queue for his shoulder treatment, the second visit to a bonesetter after tripping in his home washroom. The 49-year-old chemistry teacher in Srinagar, the capital of Indian-administered Kashmir, had a good experience with a bonesetter because he took his son to the well-known Mohammad Ramzan Bangi and was cured, which is why he returned to the same person for his injured shoulder. Bangi, 58, sits at the corner of a famous Sufi shrine in the heart of Srinagar, clutching a bag containing bandages, plasters, medical tape rolls, cotton, and a small knife. In Muslim-majority Kashmir, bonesetters are believed to have spiritual healing powers that transcend modern medicine. The bonesetters are able to assess the injury by using a bone-related special art that they learned from their ancestors. They place their thumb on the broken bones and press, assessing the intensity of the fracture or injury solely through touch. "It is a God-given ability for us, and by His grace alone, we are able to cure many patients who come to us," Bangi, who was dressed in a traditional winter cloak known locally as a pheran, told Anadolu. He nodded to the next patient, Ayub, who had a shoulder injury. Bangi pressed his shoulder with his thumb and asked him if it still hurt, Ayub gestured, and the bonesetter slicked a medical tape roll with cotton. 'I feel much relieved from the pain and now I am able to move my shoulder,' Ayub told Anadolu with a visible smile on his face after 10 minutes of treatment. "I didn't go to a hospital and came here, and by the grace of God, it was a good decision," he added. Many people in Kashmir, like Ayub, prefer to go to a bonesetter for bone treatments rather than an orthopedic surgeon or a general physician. Bangi is one of the bonesetters in Srinagar, but he is more famous because he chose his father's profession, who was sitting at the same Naqshband Sahab shrine, which was built in the 17th century by Mughal Emperor Shah Jahan and named after the well-known Bukhara mystic, Khawaja Syed Bahauddin Naqshband, the founder of a Sufi order. He has been sitting in the same corner of the shrine where his father used to sit, and treating people with bone problems for the past 32 years. Known as watangor in a local language, or the bonesetters, this group of indigenous people in the Kashmir region claim to cure different orthopedic injuries based on spiritual belief. 'I was a young boy when I used to accompany my father to this shrine,' Bangi said, recalling a large crowd of people waiting for his father to treat them. His father, Ghulam Mohammad Bangi, was a traditional bonesetter for nearly 50 years and belonged to a family of bonesetters - a unique traditional practice in Kashmir that dates back decades before the advent of modern science. 'I think I would have been 17 years old when I started this practice as a profession after learning it from my father,' Bangi said, adding that he has devoted his entire life to this practice since 1981, and receives hundreds of patients every day seeking treatment from him. He explained how years of practice and belief have enabled him to heal people's broken hands, shoulders, feet, or any other bone without any formal medical training or scientific knowledge. - Health experts discard However, medical practitioners in the region say many times they received patients with additional complications after being treated by the bonesetters. Dr. Naseer Ahmad Mir, a senior orthopedic surgeon, told Anadolu that he has received many cases where patients were in a worse state of health after being treated by these traditional bonesetters. "In some cases, we had to cut down limbs and operate on patients for dislocated bones and joints because bonesetters don't understand anatomy," Mir said. For bone and joint issues, the Kashmir region is dependent on a single health care facility, the Government Hospital for Bone and Joint, Barzulla, in Srinagar. He explained that the use of bandages and adhesive tape rolls by bonesetters on fractured bones causes more damage because it blocks blood vessels, resulting in the death of body tissue. "Many times, bacterial infections and blisters develop as a result of the continuous use of such bandages," he cautioned. But Bangi, on the other hand, disagreed, claiming that if this had been the case, they would not have received any patients. There are some people, he asserted, who do not adhere to this traditional practice and instead treat people without regard for practice or belief. "We have dedicated our lives to this practice, and experience teaches you a lot," the bonesetter said while treating a patient.

Source: Anadolu Agency

April 1, 2023

‘I am still alive,’ Pope Francis jokes as he leaves hospital

Pope Francis on Saturday was discharged from Gemelli hospital in Rome, where he stayed for three days for treatment of bronchitis. "I just felt a malaise, but I wasn't afraid,' he told journalists outside the Rome hospital before being driven away. "I'm still alive, you know." The pontiff confirmed he would be in St Peter's Square for Palm Sunday Mass to mark the start of Holy Week, which culminates on Easter, April 9. "Tomorrow I will celebrate Palm Sunday,' he said. The pope, 86, was hospitalized on Wednesday at Gemelli after suffering some breathing problems. The Vatican said he received antibiotics intravenously to treat his bronchitis, showing quick and 'marked' improvements. The Argentine pontiff, who marked 10 years as head of the Catholic Church earlier this month, had part of one of his lungs removed at a young age. In July 2021, Francis spent 10 days at Gemelli after undergoing a three-hour surgery that included the removal of the descending part of the colon, a surgery administered to treat diverticulitis. Francis also has a knee problem that has forced him to often use a wheelchair in the past few months. In recent interviews, he indicated he might resign like his predecessor Benedict XVI if poor health makes it impossible for him to continue doing his job.

Source: Anadolu Agency

April 1, 2023

Improving beef potential from the dairy herd

Regardless of cow type, there is the potential within dairy herds for a better beef breeding policy, Dr. Nicky Byrne, dairy beef researcher in Teagasc Grange, told the recent DairyBeef 500 Spring Conference in Navan, Co. Meath.

“There is massive variation in the quality of the calf crop coming from the dairy herd, but we are in a very lucky position in that we have a lot of control over that. If we identify and use better genetics that we know work, we can get very rapid and widespread improvement in the quality of the calf crop,” he explained.

Dr. Byrne explained that a number of tools are available to breed animals of higher beef and carcass merit, adding: “The Dairy Beef Index (DBI) is a selection tool to identify suitable sires for use on the dairy herd. For them to be of use on the dairy herd, they have to have a respectable calving difficulty, offer a short gestation length and low levels of calf mortality.

“As well as that, if you want to have more saleable calves that are going to generate a positive margin for the person who purchases them, there has to be a very strong emphasis on the carcass traits within the DBI. We can get a high DBI bull, with a high overall index, but they may not necessarily be exceptionally good on carcass traits, so we have to be careful on how we select animals to design the calves we want," Dr. Byrne said.

Conor Smith, dairy farmer, Dr Nicky Byrne, Teagasc, and Fergal Maguire, Teagasc, pictured at the DairyBeef 500 Spring Conference

He illustrated this point using data from dairy-beef animals slaughtered in Teagasc Grange, where Angus steers sired by bulls with similar DBI values – but differing on beef sub-index – were compared. These animals were classified as being ‘high’ or ‘low’ for beef sub-index (table 1). The ‘high’ animals had higher Commercial Beef Values (CBV), grew better throughout their lifetime, had a slightly shorter finishing period and produced heavier carcasses of a slighter higher grade. They also returned €107/head more at slaughter when compared to the ‘low’ beef sub-index animals.

Table 1: Performance of Angus steers in Teagasc Grange with differing beef merit values

Animal group DBI Beef sub-index Calving difficulty (mature cows) Gestation length

High

(high beef sub-index Angus)

€121 €107 3.7 -0.5

Low

(low beef sub-index Angus)

€124 €65 2.4 -1.9

Animal group CBV ADG (kg)

Slaughter age

(months)

Finishing days

Carcass weight

(kg)

Carcass conf. Carcass fat Value

High €95 0.91 20.7 70 312 O+/O= 3+/4- €1,639

Low €61 0.87 20.8 73 294 O= 3+ €1,532

On the basis of these results, Dr. Byrne encouraged dairy farmers to ensure that they are picking a very balanced bull under the DBI, with a minimum contribution of 50% coming from the beef sub-index value of the DBI's overall value. By selecting bulls that meet the dairy farm’s calving ease and gestation requirements, along with focusing on the beef sub-index of the DBI, calves with higher Commercial Beef Values can be generated.

“It’s about striking a balance. There are animals that tick all these boxes and achieve a better overall outcome,” he explained. By using the DBI, he said: “It’s a sure way of future-proofing both our dairy herd and beef herd. High merit beef genetics are a low cost proven technology. This is something we can all go home and change and have a different outcome next year.”

Commercial Beef Value

Farmers purchasing calves this year were also urged to seek information on the beef merit of their potential purchases and the Commercial Beef Value is a tool which makes this task easier.

“The Commercial Beef Value is a new selection tool – which takes into account the dam and sire’s genetic potential – and gives us an estimate of that animal’s own potential performance. It takes out all the calving traits that aren’t important for the beef finishing herd. It focuses on carcass weight, conformation, age of slaughter, proportion of animals in spec and feed intake – the big drivers of profit in beef production systems. It’s not a breeding index, it’s an index to identify the most profitable animal for our beef herd.”

Commenting on how animals produced through Grange have performed when their CBV values are examined, he added: “The very high animals were killed 21kg heavier and nine days earlier than the very low category – extra carcass but at younger ages and that is what is on the table for us all if we use better genetics. We would have that and we would achieve that across the nationally herd."

Photo caption: Conor Smith, dairy farmer, Dr. Nicky Byrne, Teagasc Grange, and Fergal Maguire, DairyBeef 500 advisor, pictured at the DariyBeef 500 Spring Conference in Navan, Co. Meath.

Source: EMM/ Dgriculture and food industry

April 1, 2023

Chad’s president signs bill to nationalize Exxon Mobil assets

Chad's transitional leader Mahamat Idriss Deby signed into law Friday a bill nationalizing assets belonging to Exxon Mobil, the presidency announced. The law stipulates that all assets, prospection rights, operating permits and oil-transport authorizations held by Esso Exploration and Production Chad Inc. 'are nationalized.' The assets also include ExxonMobil's interest in the more than 1,000-kilometer (621-mile) Chad-Cameroon pipeline from Chad to the Atlantic Gulf of the Guinea coast used to export crude. The transitional president 'signed the law promulgating the nationalization of all assets and rights of Esso Exploration and Production and Esso Pipeline Investments Companies,' said a statement. The move came months after ExxonMobil closed the sale of its operations in Chad and Cameroon in December to British-listed Africa-focused oil and gas energy company, Savannah Energy in a $407 million deal. The sale was contested by the Chadian military government. Chad's Petroleum and Energy Minister Djerassem Le Bemadjiel said Wednesday the controversial decision was reached after ExxonMobil ignored the conditions provided for in various agreements signed with the government. Esso-ExxonMobil has been operating in the West African country for decades. Last week, Savannah Energy said it would seek legal redress, arguing that the actions of the Chadian government are in direct breach of international conventions. Savannah owns a 40% interest in the Doba Oil project in southern Chad, which has seven producing oilfields with a combined output of 28,000 barrels per day.

Source: Anadolu Agency

April 1, 2023

Death toll from tornadoes that ravage US rises to 18

The death toll from tornadoes that ravage the US rose to 18 with dozens injured, according to officials on Saturday. The National Weather Service (NWS) said more than 57 tornadoes have been reported in the past 24 hours in a wide area covering eight states, including Arkansas, Mississippi, Iowa, Tennessee, Illinois and Wisconsin. While the tornadoes claimed seven lives in Tennessee, five in Arkansas, three in Indiana, and one person each in Illinois, Mississippi and Alabama. Arkansas Gov. Sarah Huckabee Sanders declared a state of emergency amid severe storm warnings. In regions hit by tornadoes and storms, houses and workplaces were heavily damaged, It also caused severe damage to electric poles. The NWS also confirmed that the tornado that hit Arkansas state's capital of Little Rock was a 'high-end' EF3 with maximum winds estimated at 164 miles per hour (265 kilometers per hour). One person was killed and dozens injured as a tornado caused the collapse of the roof of a concert theatre in Illinois. Around 260 people were in the theater for a heavy metal concert, according to media reports. At least 28 people, including five who were severely injured, were hospitalized. The NWS has issued storm warnings for Tennessee, Kentucky, Alabama, Mississippi, Illinois, Indiana and Michigan. Around 530,000 households were left without power in parts of the US, including more than 200,000 in the state of Ohio, according to 'PowerOutage.us,' a website that tracks power outages. The latest round of severe weather comes one week after a series of deadly storms ripped through the southeast with one tornado killing at least 26 people in Rolling Fork, Mississippi.

Source: Anadolu Agency