Author

admin

Browsing

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today announces that its principal regulator, the Ontario Securities Commission, has granted its request for a management cease trade order (‘MCTO’) effective May 8, 2025.

As previously announced on April 29, 2025, the Company applied for the MCTO due to a delay in filing its annual audited financial statements, management’s discussion and analysis and related certifications for the financial year ended December 31, 2024 (the ‘Annual Filings’) which were required to be filed by April 30, 2025.

The delay is primarily due to a restatement of certain amounts owed by the Company’s payment service providers as well as player loyalty bonuses for the prior fiscal years. During the year-end reconciliation process, the Company identified that its payment processor had deducted additional merchant fees from daily remittances, which had not been properly accounted for. Specifically, service provider fees (cost of revenue) were previously understated, while the amounts due from the payment processor and accounts receivable were overstated in the financial statements for the year ended December 31, 2023.

The Company is working diligently and expeditiously to complete the Annual Filings as soon as practicable, and currently anticipates it will be in a position to file the Annual Filings on or before May 15, 2025.

The MCTO restricts the Company’s Chief Executive Officer and the Chief Financial Officer from trading in the Company’s securities but does not affect the ability of other shareholders, including the public, to trade in securities of the Company.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSX Venture Exchange (‘TSXV’) under the symbol ‘BET’ and in the United States on the OTCQB under the symbol ‘NSBBF’. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, and the timing of the release of the Company’s financial results. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:
Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251431

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

A group of investors sued UnitedHealthcare Group on Wednesday, accusing the company of misleading them after the killing of its CEO, Brian Thompson.

The class action lawsuit — filed in the Southern District of New York — accuses the health insurance company of not initially adjusting their 2025 net earning outlook to factor in how Thompson’s killing would affect their operations.

On Dec. 3 — a day before Thompson was fatally shot — the company issued guidance that included net earnings of $28.15 to $28.65 per share and adjusted net earnings of $29.50 to $30.00 per share, the suit notes. And on January 16, the company announced that it was sticking with its old forecast.

The investors described this as “materially false and misleading,” pointing to the immense public scrutiny the company and the broader health insurance industry experienced in the wake of Thompson’s killing.

The group, which is seeking unspecified damages, argued that the public backlash prevented the company from pursuing ‘the aggressive, anti-consumer tactics that it would need to achieve’ its earnings goals.

‘As such, the Company was deliberately reckless in doubling down on its previously issued guidance,’ the suit reads.

The company eventually revised its 2025 outlook on April 17, citing a needed shift in corporate strategy — a move that caused its stock to drop more than 22% that day.

‘The company denies any allegations of wrongdoing and intends to defend the matter vigorously,’ a UnitedHealthcare spokesperson said in a statement.

Thompson’s fatal shooting on the streets of New York City in broad daylight sent shockwaves across the nation.

Luigi Mangione, the 27-year-old man accused of the killing, has pleaded not guilty to federal and state charges against him. The legal defense fund for Mangione surpassed the $1 million mark in donations on Tuesday.

This post appeared first on NBC NEWS

Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.”

Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the second quarter, suspending a nationwide rollout. As of March 30, more than 2,400 of the burger chain’s roughly 13,500 domestic locations carried Krispy Kreme doughnuts.

“I remain confident in the long-term national opportunity, but we need to work together with them to identify levers to improve sales,” Krispy Kreme CEO Josh Charlesworth said.

Over the last year, Krispy Kreme shares have shed more than 70% of their value, dragging the company’s market value down to less than $600 million.

Truist downgraded the stock on Thursday from buy to hold.

“We are shocked by the speed at which the story fell apart,” Truist analyst Bill Chappell wrote. ”… We no longer have high conviction in management’s previously stated strategy and execution of these initiatives, and it will likely take several quarters before we or investors can regain confidence.”

The two restaurant companies announced more than a year ago that Krispy Kreme doughnuts would be sold in all McDonald’s U.S. locations by the end of 2026. The rollout began roughly six months ago.

While the beginning phases were promising, sales fell below projections, Krispy Kreme executives said on Thursday.

As consumers worry about the broader economy and a potential recession, they have been pulling back their spending at restaurants. McDonald’s reported a 3.6% decline in its U.S. same-store sales for the first quarter. McDonald’s CEO Chris Kempczinski said that the fast-food industry’s traffic fell as middle- and low-income diners visited restaurants less frequently.

For Krispy Kreme, profitability appears to be the key reason for slowing the rollout with McDonald’s.

“However, we are seeing that after the initial marketing launch demand dropped below our expectations requiring intervention to deliver sustainable, profitable growth,” Charlesworth told analysts on the company’s conference call.

“We are partnering with McDonald’s to increase sales by stimulating higher demand and cutting costs by simplifying operations,” he added. “At the same time, we are reassessing our deployment schedule together with McDonald’s as we work to achieve a profitable business model for all parties.”

Krispy Kreme reported a net loss of $33 million for the quarter ended March 30.

To supply all of McDonald’s U.S. restaurants, Krispy Kreme was investing in expanding capacity quickly, which weighed on profits. In the last year, the company has reported three quarters of net losses.

The company uses a “hub and spoke” model that lets it make and distribute its treats efficiently. Production hubs, which are either stores or doughnut factories, send off freshly made doughnuts every day to retail locations such as grocery stores and gas stations. Krispy Kreme is looking to prune its unprofitable locations, which could affect up to 10% of its U.S. network.

Krispy Kreme also pulled its 2025 outlook, citing “macroeconomic softness” and uncertainty around the schedule for the McDonald’s partnership.

This post appeared first on NBC NEWS

A three-day ceasefire in Ukraine that was unilaterally declared by Russian President Vladimir Putin last month was set to come into effect at 5 p.m. ET on Wednesday (midnight Moscow time), as Russia prepares to mark the anniversary of its World War II Victory Day on Friday.

It was not immediately clear whether Russian forces observed the ceasefire.

A statement from the Kremlin last month said that Putin ordered “all military actions” in Ukraine to be suspended from midnight May 8 to midnight May 11 based on “humanitarian considerations.”

Kyiv rejected the short-term truce when it was first announced. Ukraine’s President Volodymyr Zelensky called Putin’s announcement a “theatrical performance” and reiterated his country’s support for an earlier US proposal for a 30-day ceasefire which Russia has rejected.

The three-day period Putin picked for the ceasefire coincides with Russia’s World War II Victory Day commemorations, including a traditional military parade set for Friday, May 9.

The high-profile event is expected to be attended by the leaders of several countries that are friendly with Russia, including China’s Xi Jinping.

As in previous years, it is expected to be used by Putin and his government to peddle propaganda, which falsely frames Moscow’s current aggression against Ukraine as a fight against a “Nazi” regime in Kyiv.

Ukrainian drones shut Moscow airports

As Russia prepares to mark the anniversary of the end of WWII, Ukrainian drones attacked Moscow for the second consecutive night overnight into Wednesday.

The attacks forced Russian authorities to temporarily halt air traffic at 13 airports – four in Moscow and nine further afield.

More drones were flying on Wednesday, with the Moscow mayor Sergey Sobyanin saying one drone that was heading to Moscow was shot down on Wednesday afternoon.

The shutting down of airports was potentially embarrassing for Moscow, as delegations from countries that have remained friendly to Russia were flying in to attend the parade on Friday.

Brazil’s President Luiz Inacio Lula da Silva, Vietnam’s President To Lam and Belarussian leader Alexander Lukashenko are among the 29 leaders on the guestlist, according to Russian presidential aide Yuri Ushakov.

Ukraine has previously said it “cannot be responsible for what happens on the territory of the Russian Federation” because of the war.

Zelensky said his country would not be “playing games to create a pleasant atmosphere to allow for Putin’s exit from isolation on May 9.”

While Russia has rejected the US ceasefire proposal, the unilateral ceasefire around the Victory Day celebration was the second short-term truce Putin announced in less than a month.

In a surprise move over Easter, the Russia leader announced he instructed his troops to stop all military activity for some 30 hours. Ukraine accused Russia of breaching the truce, although it did say that fighting has slowed along some parts of the front lines.

This post appeared first on cnn.com

Valerie the dachshund has finally been reunited with her owners after surviving 540 days alone on Kangaroo Island in South Australia.

Owners Georgia Gardner and Josh Fishlock described the moment they got to hold the tiny pup in their arms in a statement published Wednesday.

Gardner said she “burst into tears” when Valerie ran up to her as they saw each other again for the first time on Tuesday.

“She was wagging her tail, making her little happy sounds, and wiggling around with joy. I held her and cried and cried,” she said in the statement.

“She’s stockier now, strong and healthy… healthier than we are, honestly!” added Gardner.

Fishlock said the pair hadn’t expected to see Valerie again.

“It still doesn’t feel real,” he said in the statement.

Valerie, who will soon celebrate her third birthday, went missing on a camping trip to the island in November 2023.

When strangers tried to help, she fled into the undergrowth, and her owners eventually gave up and returned home to the mainland.

With no sightings it was assumed Valerie had met her match with a snake or perhaps one of the giant Rosenberg’s goannas — reptiles up to 1.5 meters (5 feet) long — that occupy the island.

However, reports of sightings started to emerge, sparking a massive search operation led by volunteers from the Kangala Wildlife Rescue, a non-profit group set up in 2020 following the devastating Australian bushfires.

Valerie was eventually found on April 25, and has been looked after by the charity since.

Director Jared Karran described Valerie as “truly something special.”

“She was just so much smaller than we imagined. If it was a miracle before that she’d survived — seeing her size — it’s just unbelievable that she was able to survive and thrive out there!” he said in the statement.

Home to around 5,000 people, Kangaroo Island is about 45 minutes from the mainland by ferry. Tourists go there to see Australian native wildlife, but officials have long had a problem controlling introduced species including feral cats. The island is thick with bush, and there are many places for a small dog to hide.

Another difficulty is the island’s vibrant ecosystem, according to the charity.

“One of the reasons this is such a difficult rescue and not as easy as just baiting and setting traps, is due to the fact we are constantly competing with hundreds of wildlife like possums, wallabies, kangaroos, goannas and feral cats. All which are all just after a feed also,” the group said in a post on Facebook before the little dog was found.

Now Valerie is preparing to return home to Albury, New South Wales, where she will be reunited with Gardner and Fishlock’s other pets, Lucy the rescue cat, Mason the red heeler and their latest addition, Dorothy, a fellow dachshund.

This post appeared first on cnn.com

India launched military strikes on Pakistan on Wednesday and Pakistan claimed it shot down five Indian Air Force jets, in an escalation that has pushed the two nations to the brink of war.

The escalation puts India and Pakistan, two neighbors with a long history of conflict, in dangerous territory, with Islamabad vowing to retaliate against India’s strikes and the international community calling for restraint.

New Delhi said the strikes are in response to the massacre of 26 people – mostly Indian tourists – who died in April when gunmen stormed a scenic mountain spot in the India-administered part of Kashmir, a disputed border region. India has blamed Pakistan for the attack, which Islamabad denies.

Here’s what we know so far.

What happened with India’s strikes?

India launched “Operation Sindoor” in the early hours of Wednesday morning local time (Tuesday night ET) in both Pakistan and Pakistan-administered Kashmir.

Indian officials said nine sites were targeted, but claimed no Pakistani civilian, economic or military sites were struck. They said the 25-minute operation targeted “terrorist infrastructure” belonging to two militant groups – Lashkar-e-Tayyiba and Jaish-e-Mohammed.

The name ‘Sindoor’ appears to be a reference to the red vermilion, or powder, many Hindu women wear on their foreheads after marriage. The April tourist massacre – which singled out men as victims – left several Indian women widowed.

A Pakistani military spokesperson said six locations were hit with 24 strikes. Some of those strikes hit the densely populated province of Punjab, Pakistan’s military said, and were the deepest India has struck inside Pakistan since 1971, when the two countries fought one of their four wars.

How did Pakistan respond?

Pakistani security sources claimed they had shot down five Indian Air Force jets and one drone during India’s attack.

They did not say exactly where, or how, the jets were downed – but said three Rafale jets were among those planes. India’s Rafale fighter jets are prized military assets that it bought from France only a few years ago.

An eyewitness and local government official said an unidentified aircraft crashed in the village of Wuyan in Indian-administered Kashmir. Photos published by the AFP news agency showed aircraft wreckage lying in a field next to a red-brick building.

It was not immediately clear from the photos who the aircraft belonged to.

Pakistani Prime Minister Shehbaz Sharif said on Wednesday the country “has every right” to respond, calling India’s actions an “act of war.”

How many casualties are there?

At least 26 civilians were killed and 46 injured by India’s strikes, a Pakistan military spokesperson said, according to the news agency Reuters.

Lt. Gen. Ahmed Sharif Chaudhry, a spokesperson for Pakistan’s military, said those killed include teenagers and children – the youngest of whom was three years old.

Seven civilians in Indian-administered Kashmir were also killed by shelling by Pakistani troops from across the border, Reuters reported, citing police there.

What else is happening on the ground?

On Wednesday, the two sides also exchanged shelling and gunfire across the Line of Control (LOC), the de facto border that divides Kashmir.

Authorities in Indian-administered Kashmir have ordered citizens to evacuate from areas deemed dangerous, saying accommodation, food and medicine will be provided.

The strikes have disrupted flights, with Pakistan closing parts of its airspace. Multiple major international airlines are avoiding flying over Pakistan, while several Indian airlines have reported disrupted flights and closed airports in the country’s north.

Some context: There have been regular exchanges of gunfire along the Line of Control in the weeks following the Pahalgam massacre.

What prompted all of this? What is Kashmir?

Muslim-majority Kashmir has been a flashpoint in India-Pakistan relations since both countries gained their independence from Britain in 1947.

The two nations to emerge from the bloody partition of British India – Hindu-majority India and Muslim-majority Pakistan – both claim Kashmir in full and, months after becoming independent, fought their first of three wars over the territory.

The divided region is now one of the most militarized places in the world.

India has long accused Pakistan of harboring militant groups there that conduct attacks across the border, something Islamabad has long denied.

The massacre in the tourist hotspot of Pahalgam in April sparked widespread anger in India, putting heavy pressure on the Hindu-nationalist government of Prime Minister Narendra Modi.

India immediately blamed Islamabad, sparking tit-for-tat retaliatory measures in which both countries downgraded ties, canceled visas for each other’s citizens, and saw India pull out of a key water-sharing treaty.

What could come next?

The three previous wars over Kashmir have each been bloody; the last one in 1999 killed more than a thousand Pakistani troops, by the most conservative estimates.

In the decades since, militant groups have fought Indian security forces, with violence killing tens of thousands. The two countries have clashed multiple times, most recently in 2019 when India conducted airstrikes in Pakistan after it blamed Islamabad for a suicide car bomb attack in the region.

But those recent clashes did not explode into all-out war. Both sides are aware of the risks; since 1999, the two countries have worked to strengthen their militaries, including arming themselves with nuclear weapons.

How is the world reacting?

The strikes have raised global alarm and pleas for the two nations to prevent further escalation.

United Nations Secretary-General António Guterres voiced “deep concern” over India’s strikes, warning that the world “cannot afford a military confrontation” between the two nations.

The United States – which had urged restraint from both countries last week – said it was “closely monitoring developments,” according to a State Department spokesperson.

“We are aware of the reports, however we have no assessment to offer at this time,” the spokesperson said Tuesday. “This remains an evolving situation, and we are closely monitoring developments.”

The United Arab Emirates, China and Japan have also called for both sides to de-escalate.

This post appeared first on cnn.com

Families of October 7 hostages held in Gaza demanded any new information from the Israeli government after US President Donald Trump said three more captives had died.

“As of today, it’s 21. Three have died. So, this is a terrible situation,” Trump said on Tuesday.

The remark was a shock to the families of the hostages.

“We demand once again from the Israeli government – if there is new information that has been hidden from us, pass it on to us immediately,” the Hostages and Missing Families Forum said on Wednesday.

“The headquarters once again calls on the Prime Minister to stop the war until the last abductee is returned. This is the most urgent and important national task.”

Israel’s public and official position, reiterated on Tuesday by Israel’s Coordinator for the Captives and the Missing Gal Hirsch, is that 24 hostages are alive. “The Hamas terror organization is currently holding 59 hostages,” Hirsch said on social media several hours after Trump’s comments. “24 of them are on the list of living hostages.”

But there have been clear indications that Israel has reason to believe the true number is fewer, even beyond Trump’s comments.

On Wednesday, Prime Minister Benjamin Netanyahu published a video statement in which he made the clearest acknowledgement, yet that Israel believes not all 24 are alive.

“We know for certain that there are 21 alive. There’s no argument about this. There’s three where there is doubt about whether they are alive,” he said in the prerecorded video. “We’re not giving up on anyone.”

Earlier this week, Netanyahu approved an expansion of the war in Gaza and a plan to force the Palestinian population into a shrinking tract of land in the southern part of the besieged territory. Israel says its military operations are intended to put pressure on Hamas to make a ceasefire agreement, but prospects for an imminent deal are quickly dwindling, and with them the hope of bringing the remaining hostages out soon.

Even before the latest video statement, Netanyahu has recently been careful to say that “up to 24” hostages are being held alive in Gaza.

Last week, when Netanyahu said there were “up to 24” living, his wife, Sara, interrupted him and said: “Fewer.”

The open mic moment sparked its own outcry from the families of the hostages. “If the wife of the prime minister has new information about the kidnapped who were killed, I demand from her to know if my Matan is still alive, or if he was murdered in captivity because your husband refuses to finish the war,” Einav Zangauker, the mother of one of the hostages, said on social media.

Israeli officials have said there are “grave concerns” about three of the hostages but would not say whether Israel knows for certain that they are dead.

Trump’s comments strongly suggest otherwise and appear to indicate that Israel has shared sensitive information about the condition of the hostages with the Trump administration.

More than 250 people were taken hostage when Hamas militants launched a surprise attack on Israel on October 7, 2023 – sparking the ongoing war in Gaza.

This post appeared first on cnn.com

President Donald Trump is reportedly to rename the Persian Gulf to the Arabian Gulf ahead of his trip to the Middle East in the coming days. 

The expected announcement was first reported Wednesday by the Associated Press, which clashed with the Trump administration earlier this year over the president renaming the Gulf of Mexico to the Gulf of America. 

Fox News Digital reached out to the White House for comment but did not immediately hear back. The AP cited two U.S. officials who spoke on condition of anonymity to discuss the matter.

Iran’s foreign minister slammed the reported change, writing that, ‘politically motivated attempts to alter the historically established name of the Persian Gulf are indicative of hostile intent toward Iran and its people, and are firmly condemned.’

‘Such biased actions are an affront to all Iranians, regardless of their background or place of residence. Let’s hope that the absurd rumors about the PERSIAN Gulf that are going around are no more than a disinformation campaign by ‘forever warriors’ to anger Iranians all over the world and agitate them,’ Seyed Abbas Araghchi wrote on X. 

The foreign minister said the name Persian Gulf ‘is deeply rooted in human history’ and that Iran ‘has never objected to the use of names such as the Sea of Oman, Indian Ocean, Arabian Sea, or Red Sea.’

‘The use of these names does not imply ownership by any particular nation, but rather reflects a shared respect for the collective heritage of humanity,’ Abbas Araghchi wrote, adding that he is confident Trump ‘is aware that the name PERSIAN Gulf is centuries old and recognized by all cartographers and international bodies and was even used by all leaders of the region in their official communications until as recently as 1960’s.’ 

‘While any short-sighted step in this connection will have no validity or legal or geographical effect, it will only bring the wrath of all Iranians from all walks of life and political persuasion in Iran, the U.S. and across the world,’ he said. 

Trump is traveling in the coming days to the Middle East, where he will visit Saudi Arabia, Qatar and the United Arab Emirates, which all lie on the body of water. 

U.S. and Iranian officials are also expected to meet for the fourth round of nuclear talks in Oman in the coming days. Vice President JD Vance said Wednesday the U.S. was negotiating toward a ‘complete cessation’ of Tehran’s nuclear program. 

Arab nations have pushed for a change to the geographic name of the body of water off the southern coast of Iran, while Iran has maintained its historic ties to the gulf under the Persian Empire. 

The Persian Gulf has been widely known by that name since the 16th century, although usage of ‘Gulf of Arabia’ and ‘Arabian Gulf’ is dominant in many countries in the Middle East, according to the AP. The government of Iran – formerly Persia – threatened to sue Google in 2012 over the company’s decision not to label the body of water at all on its maps.

On Google Maps in the U.S., the body of water appears as the ‘Persian Gulf’ followed by ‘Arabian Gulf’ in parentheses. Apple Maps only says the Persian Gulf.

The U.S. military for years has unilaterally referred to the Persian Gulf as the Arabian Gulf in statements and images it releases.

A spat developed in 2017 during Trump’s first term when he used the name Arabian Gulf for the waterway. Iran’s president at the time, Hassan Rouhani, suggested Trump needed to ‘study geography.’

‘Everyone knew Trump’s friendship was for sale to the highest bidder. We now know that his geography is, too,’ Iranian Foreign Minister Mohammad Javad Zarif wrote online at the time.

The Associated Press contributed to this report.

This post appeared first on FOX NEWS

President Donald Trump’s executive order ending diversity, equity and inclusion (DEI) programs in the federal government has returned financial power to the people, OJ Oleka, CEO of the State Financial Officers Foundation, told Fox News Digital. 

Oleka said there’s a ‘new sheriff in town’ and that Trump is ‘making good’ on his promise to eliminate DEI by shifting financial policies ‘away from the left and back to the center,’ empowering state financial officers and building trust with the American people. 

‘We know that when companies focus on business, their business does better. If their business does better, shareholders make more money, their employees have a better quality of life within their business and their consumers get a better product,’ Oleka told Fox News Digital at the State Financial Officers Foundation conference in Orlando, Florida. 

Oleka said focusing on financial returns and merit-based incentives over DEI or environmental, social and governance (ESG) policies creates ‘more money for shareholders, better culture in the office for employees and better products for consumers and customers,’ exactly what state financial officers have been asking for. 

‘The American people want every individual to succeed,’ Oleka said. ‘They want people to succeed on their merit, on their ability, on their skill. It’s very important to us as Americans. But what they don’t want is for people to get preferences just because of some political ideology.’ 

He said there are misconceptions about DEI ‘because people hear diversity, equity and inclusion, and they think, ‘Well, those are good things. I support diversity. I want people to be included, and people should have the resources that they need.’

‘To be very clear, when we’re talking about DEI, we’re saying that DEI is trying to provide racial or gender preferences for people based on past grievances. It effectively has nothing to do with merit or looking at somebody’s skill for a job or for an opportunity.’ 

Equal opportunity is giving people access to create their own opportunities, to try to be as successful as they can be with their skills, ability and merit, according to Oleka. 

Oleka explained that DEI is subjective because it prefers ‘folks based on what you think is important, based on your own politics.’

It’s bad to say, from a company’s perspective, ‘Let’s just hire people based on race, based on gender,’ as opposed to skill and ability,’ Oleka said.

‘It’s bad because it can harm the performance of what that company actually does with their business responsibilities. That matters to our financial officers because they invest in a lot of these companies. It’s their job as fiduciary leaders to make sure that the pensions that they invest, the public funds that they invest by virtue of their positions, are actually done so by companies and with funds where the returns are going to be high.

‘We can’t guarantee that the returns are going to be as high as they can be if the companies aren’t even focusing on their specific mandate, on their responsibility. Instead, they’re focusing on their politics and trying to force an ideology or social agenda through their businesses. That’s not what business is for.’ 

Oleka said his experience as someone with a Ph.D. in higher education who is also the son of Nigerian immigrants informs his rejection of political ideology or agendas in government-funded programs, including in public education, because these policies don’t improve students’ learning experience or academic performance. 

‘That doesn’t actually contribute to kids’ learning,’ Oleka said. ‘It doesn’t contribute to human flourishing. There really is no reason why people’s taxpayer dollars should be spent on that.’

Oleka told Fox News Digital the Orlando conference was critical to reminding state financial officers across the country they are not alone in pushing back against DEI and ESG policies that were promoted by former President Joe Biden’s administration. 

‘It goes back to what I think most Americans believe. Their state government is closer to them than the federal government,’ he said. ‘As a result, state leaders should have more power, as it relates to their finances, than the federal government, and what a state leader should do with that power is give it back to the people.’

By empowering state financial officers to focus on financial returns and fiduciary duty instead of ideology and politics, Oleka said more Americans are incentivized financially. 

‘It’s important that we have that same kind of leadership in the White House at the state level, making good on their promise to bring a Golden Age to America and to each state,’ he said. 

This post appeared first on FOX NEWS

President Donald Trump wants India and Pakistan to cease fighting and is open to helping both countries broker a peace agreement, following strikes from India against Pakistan early Wednesday. 

India launched missiles against at least nine sites ‘where terrorist attacks against India have been planned,’ according to India’s Defense Ministry. Meanwhile, Pakistan’s military reported that the strikes killed at least 26 people — including women and children — and claimed the strikes amounted to an ‘act of war.’ 

‘Oh, it’s so terrible. My position is, I get along with both,’ Trump told reporters Wednesday. ‘I know both very well, and I want to see them work it out. I want to see them stop. And hopefully they can stop now. They’ve got a tit for tat, so hopefully they can stop now. But I know both. We get along with both countries very well. Good relationships with both. And I want to see it stop. And if I can do anything to help I will. I will be there as well.’

Tension between India and Pakistan escalated in April after a gunman killed 26 people who were primarily Indian Hindi tourists in the India-controlled portion of Kashmir. India pinned the blame on Pakistan, and a militant group India claims is affiliated with a Pakistani militant group ultimately claimed responsibility for the attack. 

After India’s Wednesday strikes, Pakistan said it shot down five Indian fighter jets, claiming that the move was justified given India’s actions. 

‘Pakistan has every right to give a robust response to this act of war imposed by India, and a strong response is indeed being given,’ Pakistani Prime Minister Shehbaz Sharif said. 

The Associated Press, Fox News’ Greg Wehner and Nick Kalman contributed to this report. 

This post appeared first on FOX NEWS