Latest news with #Alger
Arab News
01-07-2025
- Politics
- Arab News
Algerian court upholds writer's 5-year sentence in a case that's strained relations with France
ALGIERS: A court in Algeria on Tuesday upheld French-Algerian author Boualem Sansal's five-year prison sentence in a case that has raised alarm over freedom of expression in Algeria and pushed tensions with France to the brink. The ruling denies a request made by prosecutors at an appeal hearing last week. They asked a judge to give Sansal the maximum penalty of 10 years in prison. The '2084: The End of the World' author was charged in March under Algeria's anti-terrorism laws and convicted of 'undermining national unity,' receiving his initial five-year sentence then. Before his arrest, Sansal's work faced bans from Algerian authorities but he regularly traveled between Paris and Algiers without issue. His books — written in French — are little read in Algeria. Sansal's appeal was closely watched in both France and Algeria. It caps a saga that has turned the novelist into a unlikely cause célèbre, uniting francophone writers, members of France's far right and European lawmakers in a rare chorus demanding his release. The issue arose last year when, in an interview with a French right-wing media outlet, Sansal questioned Algeria's current borders, arguing that France had redrawn them during the colonial period to include lands that once belonged to Morocco. The 80-year-old dual citizen was arrested the following month and later lambasted by the president in a speech to Algeria's parliament. The case has unfolded at a historic low point in Algeria's relations with France, which were strained further over the disputed Western Sahara. The territorial dispute has long helped shape Algeria's foreign policy, with its backing of the Polisario Front, a pro-independence group that operates out of refugee camps in southwestern Algeria. France angered Algeria last year shifted its longstanding position to back regional rival Morocco's sovereignty plan. Analysts say that Sansal has become collateral damage in the broader diplomatic fallout and describe the charges as a political lever Algiers is deploying against Paris. Sansal's supporters hope military-backed President Abdelmadjid Tebboune will grant a pardon on Saturday, when Algeria marks Independence Day and traditionally frees selected prisoners as part of a national amnesty. 'Now that a verdict has been handed down, we can imagine that clemency measures may be taken, especially because of our compatriot's health,' French Prime Minister François Bayrou told reporters on Tuesday. France's Foreign Ministry said it 'deplores' the decision to sentence Sansal to prison. 'This decision is both incomprehensible and unjustified,' it said in a statement. The timing is dire, Sansal's supporters in France and Algeria warn, as he battles prostate cancer and has spent part of his detention in a prison hospital. He appeared in court on Tuesday looking frail and without his trademark ponytail. Before his arrest, Sansal's work faced bans from Algerian authorities but he regularly traveled between Paris and Algiers without issue. His books — written in French — are little read in Algeria. However, he has amassed a large following in France for books and essays in which he regularly criticizes Algeria's leaders after 1962, when it won independence from French colonial rule, and the role of Islam in society. Under the imprint of the prestigious French publishing house Gallimard, he has published 10 novels and won a prize for the best novel of the year, the Grand Prix du Roman, in 2015.
BBC News
01-07-2025
- Politics
- BBC News
Algeria sentences French sports journalist sentenced to seven years' imprisonment
French journalists' unions on Tuesday called on Algeria to release a French football writer who has been jailed for seven years for supporting Gleizes, who is 36, was sentenced on Sunday, after being found guilty of holding exchanges with a proponent of self-determination for Algeria's Kabyle journalist, who specialises in African football for the Paris-based So Foot magazine, travelled to Algeria in May 2024 for an article on the well-known club JSK (Jeunesse Sportive de Kabylie) based in Tizi Ouzou, some 100km (62 miles) from the capital Algiers. He was detained a few days later in Tizi Ouzou and for the last 13 months has been under a form of limited freedom, unable to leave the country and obliged to report regularly to advice from French diplomats, his family and fellow journalists kept his plight under wraps pending the result of the trial."The imprisonment of a journalist for carrying out his profession is a red line that must never be crossed. Christophe Gleizes must be given back his freedom, his family and his writing," journalists' representatives from around 40 different French media said in a statement."Nothing can justify the ordeal that Christophe is going through now," his family said. "In all his writing he showed a passionate interest in the lives of African footballers. Is this his reward?"Gleizes's case recalls that of French-Algerian writer Boualem Sansal, who has been in jail since being arrested at Algiers airport in November last Tuesday an appeals court in Algiers confirmed the five-year prison sentence handed down in March, after Sansal's conviction for breaking state security writer, who is 80 and suffers from cancer, was found to have "threatened national unity" in an interview he gave to a rightwing French website in which he questioned the official Algerian account of its pre-independence the appeals court sentence, French prime minister Francois Bayrou expressed the hope that President Abdelmadjid Tebboune would use the occasion of Algeria's 63rd independence anniversary on Saturday to grant a pardon to the Gleizes case, the foreign ministry in Paris said Tuesday it "regretted the heavy sentence" imposed on the journalist, but fell short of calling for his between the two countries have been on a knife-edge for the last year, since President Emmanuel Macron appeared to shift France's position on north Africa towards greater support for Algeria's historic rival then there has been a series of diplomatic rows, with tit-for-tat expulsions and a breakdown of cooperation over extradition and of Sansal say he is in effect a hostage, and is being used by the Algerian government to put pressure on says he was convicted following due process of the employer Franck Annese, founder of So Press media group, described him as a "super guy, enthusiastic, willing, and full of humour.""He has absolutely no political axe to grind. His interviews and articles prove it."According to Mr Annese, Gleizes "fell in love" with African football when he investigated the death in 2014 of Albert Ebossé, a Cameroonian forward who died after being struck on the head by a projectile while playing for led to his co-authoring a book – Magic System: Modern Slavery of African footballers – which strongly criticised the agents who "exploit the confidence and dreams of these young players."According to the campaigning group Reporters without Borders (RSF), in researching his article on JSK Gleizes had contacted an exiled Kabyle opposition figure who was once an influential figure at the football person is now leader of the Movement for Self-Determination of Kabylia (MAK), RSF 2021 MAK was proscribed as terrorist by the Algerian government. Gleizes's supporters contend that two of the journalist's three exchanges with the opposition figure took place before the MAK was banned; and that all the exchanges concerned football, not politics.
Yahoo
25-06-2025
- Business
- Yahoo
Alger Russell Innovation Index Updates for Second Quarter 2025
NEW YORK, June 25, 2025 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, June 27, 2025, the Index will be rebalanced, and the following changes will be effective. Action Company Name Ticker Symbol Addition Enphase Energy Inc. ENPH Addition Elastic N.V. ESTC Addition Gentex Corp. GNTX Addition Atlassian TEAM Addition Teradyne TER Addition Zillow Group CL C Z Deletion DocuSign, Inc. DOCU Deletion FMC Corporation FMC Deletion Gilead Sciences, Inc. GILD Deletion Informatica, Inc. Class A INFA Deletion Juniper Networks, Inc. JNPR Deletion Playtika Holding Corp. PLTK For additional information, please visit Unlock Your Growth Potential with AlgerFounded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for more than 60 years. For more information, please visit Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. Local, regional or global events such as environmental or natural disasters, war, terrorism, pandemics, outbreaks of infectious diseases and similar public health threats, recessions, or other events could have a significant impact on investments. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Alger pays compensation to third party marketers to sell various strategies to prospective investors. London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). © LSE Group 2025. FTSE Russell is a trading name of certain of the LSE Group companies. "FTSE®" "Russell®", "FTSE Russell®" are trade marks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. View original content to download multimedia: SOURCE Alger
Al Etihad
22-06-2025
- Sport
- Al Etihad
Football: One spectator dead, several injured after falling from upper stand in Algeria
22 June 2025 10:00 ALGIERS (REUTERS)One spectator died and several others were injured after falling from an upper stand of the stadium following MC Alger winning the Algerian top-flight league for the second season in a row, media reports said on Alger said one of their supporters had died in the incident at the 5 July Stadium in capital Algiers, with Algerian president Abdelmadjid Tebboune offering his condolences and wishing a speedy recovery for the injured.'It is with great sadness and sorrow and with hearts that we received the news of our supporter Younes Amguzzi, who passed away after falling from the upper stands,' MC Alger said in an Instagram media reports said the spectators fell after a fence in the upper stand broke, with El Heddaf TV's Facebook page posting a video showing part of a railing collapsed into the lower tier. The injured spectators were rushed to hospital, where MC Alger players, staff and officials also went to donate blood as the trophy presentation ceremony was postponed, the reports added.
Yahoo
12-06-2025
- Business
- Yahoo
Market's 'hidden gem': Mid-cap stocks offer 'best of both worlds'
Mid-cap stocks are an area of opportunity that investors often overlook, Alger executive vice president and portfolio manager Amy Zhang tells Wealth host Brad Smith. Watch the video above to hear more. To watch more expert insights and analysis on the latest market action, check out more Wealth here. stocks, rising after the May CPI report shows inflation rising at a slower pace here. My next guest says that mid caps are overlooked by Wall Street, making them fertile grounds for active stock pickers. Joining me now, we've got Amy Zhang, who is the Alger executive vice president and portfolio manager. Good to have you here with us this morning. Where are you seeing opportunity in mid caps right now? Good morning, Brent. Thank you for having me on. Yes, I mean, happy, you know, I think it's really a hidden gem. Um, you know, has the best of both worlds compared to small cap and large cap, you know, has the discovery value similar to small cap is during a not very well covered by the street and a very inefficient. Uh, but it's also has similar financial quality compared to large cap and similar liquidity. So it really makes it a very fertile ground for active management and I still think and the you I think investors typically are still under allocated in the mid cap space. How are you evaluating small and mid caps amid what we're watching play out in the bond market, knowing that they're more dependent on the fluctuations in the cost of capital? Well, uh some of them do. Uh you're absolutely right, but you know, at Alger we're stock pickers. So really we focus on bottom bottom up um analysis and really we favor companies has very strong um balance sheet and um very um strong casual generating capabilities so they can fund their own growth. Okay, so as you're picking names, who are those names that rise to the top of the the list? Well, one of our high conviction names um also um been a long-term shareholder we've invested in RBC Bearings since 2020. Um it's a you know, at at at Alger as stock pickers we invested in exceptional small make companies to have the potential to become exceptional large companies and RBC really exemplify other characteristics we look for in a um exceptional um, you know, company. Um the company, you know, it's a market leader in highly engineered precision bearings for commercial aerospace, defense and industrial markets. Um those are very, you know, mission critical bearings, are highly regulated, require very stringent performance requirements and those are really, you know, very uh critically important to manufacture and operations of, you know, aircraft, mechanical system, um and they reduce wear tear, energy loss, um and facility, you know, power transmission, control, pressure and flow. So it's a very special um uh, you know, the company also has very special company but they also have the best uh breadth and the depth of a company. Um and very diversified in their markets, um but also has, you know, they are um major vast majority of their products are solely source. So it's very hard to replace them. That give them a very strong uh competitive mode. So in today's world, people worry about, you know, inflation, uh and a recession and we always say we want to invest in like a motorboat, like, you know, RBC, they have their own idiosyncratic drivers, their pricing power. Um specifically, notably the biggest, you know, the fastest growing segment is commercial aerospace, which, you know, we think it has a very strong uh tailwind for multi-year cyclical recovery. Number one is because, you know, that industry saw a very steep um, you know, downturn in 2020 and 21 due to COVID travel restrictions. But also, um, you know, with the additional headwind including the grounding of Boeing 737 max, uh and industry wide supply chain constraints. But all those issues are resolved now. So we think you know, RBC is very well positioned to benefit from the multi-year, probably 10 plus year of cyclical recovery. What what should investors be keeping tabs on with regard to tariff policy as it flows through to small and mid cap names that you're tracking? That's excellent question. I think company we should focus on company can control their own destiny like RBC bearings because you want a company have differentiated products, that pricing power, so they can pass, you know, because the product is so mission critical, they can pass, you know, most of their tariff, uh, you know, that to if some of all of them, right, to their customers. So I think so we really that's why we really focus on company have very strong um competitive advantage, um and have pricing power. Amy, good to see you. Thanks for joining us again. Yeah, thank you for having me. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
