Latest news with #Purpose
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Purpose Investments Inc. Announces July 2025 Distributions
TORONTO, July 18, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. ('Purpose') is pleased to announce distributions for the month of July 2025 for its open-end exchange traded funds and closed-end funds ('the Funds'). The ex-distribution date for all Open-End Funds is July 29, 2025. The ex-distribution date for all closed-end funds is July 31, 2025. Estimated July 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund The July 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows: Purpose expects to issue a press release on or about July 28, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be July 29, 2025. About Purpose Investments Inc. Purpose Investments is an asset management company with more than $24 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact: Keera Hart 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
Time of India
5 days ago
- Business
- Time of India
Fiscal crunch: Telangana seeks Centre's help to restructure high-interest loans amid debt woes; looks to cut rates to 7%
HYDERABAD: In the face of substantial financial challenges, the state govt is looking at central help to restructure current high interest rates on some loan repayments. According to finance department sources, the previous administration had incurred huge debt due to high interest rates ranging from 10.75% to 11.25% on loans from Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) etc. , to finance irrigation projects such as Kaleshwaram and Palamuru-Rangareddy. Specifically, off-budget bonds were issued through Special Purpose Vehicles (SPVs) to fund these projects. But as these SPVs do not possess independent revenue streams, the interest has to be serviced from the state's treasury. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad If the govt successfully negotiates a reduction to 7%, it would save approximately Rs 2,000 crore a month, which, in turn, could be deployed to support various development projects, sources said. As there is a shortage of funds for capital expenditures, it has adversely affected ongoing development initiatives. To date, only Rs 3,000 crore has been allocated to capital expenditure during the current financial year and the govt is looking at ways to address this shortfall. Finance department officials cautioned that a failure to ease the debt burden can create major obstacles to the state's economic growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo It's also impacting the state's credit rating, officials said. Last month, REC had issued a warning that some of these loans risked being categorised as Non-Performing Asset (NPA) if outstanding dues are not settled. This led the govt to pay Rs 1,393 crore to mitigate this risk. Currently, the state is spending an average of Rs 3,500 crore per month as interest payments alone on these debts. Approximately 34% of the state's revenue is allocated to servicing interest and instalments, while another 35% is devoted to salaries and pensions. This allocation results in a significant reduction in available funds for welfare projects, officials said.
The South African
11-07-2025
- Entertainment
- The South African
Justin Bieber drops surprise album ‘Swag'
Justin Bieber stunned fans with the sudden release of his seventh studio album, Swag. The 20-track project, announced less than a day before its release, hit streaming platforms on July 11. ADVERTISEMENT It features high-profile collaborations with Gunna, Sexyy Redd, and Cash Cobain. The album also offers a deeply personal look into Bieber's life as a husband and father. JUSTIN BIEBER'S NEW ALBUM Swag is Bieber's first album since 2021's Justice. This time, the Canadian superstar is baring his soul. Family is at the heart of the album, with tracks reflecting on his marriage to Hailey Bieber and his role as a dad to their 10-month-old son, Jack Blues Bieber. The cover art, a striking black-and-white image, shows Justin standing behind Hailey, who holds baby Jack. ADVERTISEMENT Justin Bieber also shared more photos from the shoot, including one where he sits on a floral couch in an empty warehouse, Jack in his lap, according to E News. HAILEY BIEBER SHARES HER SUPPORT Hailey Bieber, 28, has been vocal in her support. After the album art dropped, she reshared the family portrait with a bold message. 'Is it finally clocking to you losers?' Her words made waves online, shutting down rumours about their relationship. She told friends, 'This album is Justin's truth. It's our truth. People can say what they want, but we know what's real.' ADVERTISEMENT JUSTIN BIEBER ON OVERCOMING FEARS Bieber, now 31, has faced tough times, as he cancelled his Purpose tour in 2017 due to health issues. Music, he admitted, hasn't always felt safe. Speaking to Zane Lowe, Justin Bieber said, 'I was dealing with a lot of fear. Afraid of, at that point, just even the process. What am I going to talk about again? Is it going to be received?' But a surprise appearance with Ariana Grande at Coachella in 2019 reignited his confidence. 'It just kind of reminded me, 'Oh, this is what I do. This is what I'm good at. And I don't need to run away from it.'' FAMILY FIRST Justin Bieber and Hailey have shared their journey openly. From celebrating their sixth wedding anniversary to welcoming baby Jack, their story is one of love and resilience. ADVERTISEMENT Hailey recently modelled a leather jacket for Justin's new brand, Skylrk, showing their partnership extends beyond music. HOW DO YOU FEEL ABOUT JUSTIN SHARING MORE ABOUT HIS FAMILY LIFE IN HIS MUSIC Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1. Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
NBC News
09-07-2025
- Entertainment
- NBC News
Tony-winner 'Purpose' succeeds on the backs of its matriarchs
Following six Tony nominations and two wins, the Pulitzer Prize-winning family drama 'Purpose is losing its on-stage matriarch. LaTanya Richardson Jackson will perform with the original Broadway cast for the last time July 13, as the show heads toward the end of its run on August 31. Brenda Pressley, who replaces her, has a long Broadway tenure that includes 'Dreamgirls' and 'Cats.' 'Purpose,' the play from 'Appropriate' playwright and Tony winner Branden Jacobs-Jenkins borrows from the lives of civil rights leaders like Jesse Jackson and other powerful Black figures to create a family drama set on one weekend in Chicago with the Jasper family. Working alongside patriarch Solomon who marched with Rev. Martin Luther King, Claudine, played by Richardson Jackson has kept the family legacy alive from behind the scenes. Naz, their youngest and more free-spirited son, narrates the audience through the tension-filled belated birthday weekend for his mother. Not fond of coming home to Chicago or sharing his famous lineage, Naz is nonetheless there to celebrate both his mother and his brother Junior, a state senator recently released from prison for embezzlement. Junior's wife Morgan, the mother of their two kids who is set to head to prison herself, is not thrilled to be there either. This is the drama that greets Naz's friend Aziza from Harlem who tagged along for the ride. Beneath the illusions of Black Excellence, she learns just how complex prominence and legacy can really be. 'Purpose' is also filled with new history all its own, even if it stings. Its Tony win for Best Play is the first in nearly 40 years for a Black playwright since August Wilson won it with 'Fences' in 1987, a distinction Branden Jacobs-Jenkins doesn't find flattering. 'It's a little bit embarrassing that I have to be that person because I was three years old when that happened, and I currently have a four-year-old daughter,' Jacobs-Jenkins told NBC News. 'There are folks who have been in contention,' he added — save for 2018 and 2021, a play by a Black playwright has been nominated every year since 2016. Jacobs-Jackson was not the only person on the crew making milestones. Two-time Tony winner Phylicia Rashad, who signed on when the script just had 30 pages according to Jacobs-Jenkins, made her Broadway directorial debut. Tony winner Kara Young earned her fourth straight Tony nomination and second win as Aziza, with the latter making her the first Black actor to win back-to-back Tonys. Richardson Jackson, who made her Broadway directorial debut with the 2022 revival of August Wilson's 'The Piano Lesson,' earned her second Tony nomination. Jon Michael Hill earned his second Tony nomination as Naz. Playing father and son Solomon and Junior, Harry Lennix and Glenn Davis both earned their first Tony nominations. As matriarchs of the stage, Rashad and Richardson Jackson are key factors to the show's success, Jacobs-Jenkins and Young said. 'I would argue that she's one of the most important theater artists working today,' Jacobs-Jenkins said of Rashad. 'She's someone who has worked with some of the most important theater artists in the twentieth century and the twenty-first century. She was in the room with Michael Bennett during [the] 'Dreamgirls' original company. She was in the original company of 'The Wiz.'' Richardson Jackson, Young said, 'has been such a beautiful pioneer in the American theater . . . she's incredibly remarkable. She's a part of the legacy of 'For Colored Girls,' and she was Douglas Turner Ward's assistant director. She's part of a lot of the foundational parts of Black theater in a really special way.' In addition to playing Junior on stage, Davis, also co-artistic director at Steppenwolf, helped originate the production. He said he believes 'Purpose' truly does have a legacy of its own worth celebrating. 'In the specificity of what Brandon has written and what Miss Phylicia Rashad has directed, they have created something so indelible and so clearly outlined in terms of these characters and their motivations and their ideas and notions about themselves in the world that people who don't look like them necessarily still see the human experience. And so, in that respect, they see themselves.'
Euractiv
30-06-2025
- Politics
- Euractiv
Lobbyists make last push to derail AI Code of Practice
Lobbyists are making a last-ditch attempt to delay rules for General Purpose AI (GPAI), ahead of the European Commission's expected publication of the much-anticipated voluntary Code of Practice in the coming days. The Code, which will apply to multipurpose AI models that underpin technologies like OpenAI's ChatGPT, has been the subject of much tension, with nearly 1,000 lobbyists and experts taking part in the drafting process along with independent chairs. In parallel, industry and the Council's Polish Presidency have suggested that the Commission "stops the clock" on the implementation of the AI Act, given that multiple guidelines and standards are still pending. In early June, Tech Commissioner Henna Virkkunen told the Council that postponing some parts of the act should "not be ruled out" if implementation tools are not ready. The Code of Practice is meant to help AI developers comply with the law's rules for GPAIs, which are expected to apply as of 2 August. But while the Commission has not formally closed the door on pushing out some AI Act deadlines, it has indicated that the rules for GPAIs will indeed apply in August. This has not prevented Big Tech lobby CCIA Europe from making a last-ditch plea to EU heads of governments – who met at the European Council last week – to delay the GPAI rules. With the Code still not ready weeks before the rules kick in, the EU risks "stalling innovation altogether", CCIA Europe's Head of Office, Daniel Friedlaender, said in a statement. Calls to 'resist pressure' But academics and civil society also pushed their own open letter last week, defending the AI Act and urging the Commission to "resist pressure" to derail the rules. "Systemic risks from GPAI models continue to advance," the letter warned, citing dangerous "capabilities related to cyber, biological, radiological and nuclear threats." Members of the Parliament are also in favour of the act's implementation unfurling as planned. "A huge effort is now needed to finalise the Code of Practice and necessary standards for conformity assessment as soon as possible. There can be no further delays," MEP Michael McNamara, co-chair of the Parliament working group on the AI Act, told Euractiv. "A failure to bring the Code of Practice and the governance rules for GPAI models into force as planned this year would result in a significant loss of credibility for the EU that would go far beyond the AI Act," he warned. MEP Sergey Lagodinsky, who was among the AI Act negotiators, also told Euractiv that "robust mechanisms" are needed to ensure the law is "effectively implemented and enforced.' (nl, aw)
