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CPFA testing - Certified Public Finance Administrator Updated: 2024

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Exam Code: CPFA Certified Public Finance Administrator testing January 2024 by Killexams.com team

CPFA Certified Public Finance Administrator

The Certified Public Finance Administrator (CPFA) designation means that an individual is committed to education and experience. To be eligible for this prestigious designation, an individual must:



Be the elected or appointed treasurer, deputy or assistant treasurer, employee in/or dealing with the office of treasurer or principal officer in the governmental entity who is charged with the performance or supervision of investments, debt, and/or treasury activities.

Be an active member of the APT US&C for at least twenty-four months before applying for the designation.

Believe in and practice APT US&C's Code of Ethics.

Accumulate at least 100 points from a combination of education and experience.



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CPFA Certified Public Finance Administrator

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APTUSC
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Certified Public Finance Administrator
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Question: 108
Employees Pension Scheme, 1995 (EPS) defines "past service" as ________.
A. Service rendered by the employee upto the date of exit from service
B. Service rendered by the employee upto the EPS came into force
C. Service rendered by the employee with an earlier employer
D. Service rendered by the employee from the date of joining Employees Family
Pension Fund till the EPS came into force
Answer: D
Question: 109
Rohini, aged 20 years debates that Retirement Planning is required for Males as
well as for those who are above 45 years, she says that she is young, she wants to
enjoy life and after marriage her spouse will take care of her retirement. As a
Financial Planner address her and provide an appropriate advice
A. Her views are untenable, since Retirement Planning has to be undertaken as
early as possible
B. Her views are tenable
C. No comments, since a Certified Financial Planner never debates
D. None of the above
Answer: A
Question: 110
Ms. Kolaveri is a Self Employed Professional conducting her own coaching
classes "M/s Raaga Classes" wants to open a PPF A/c (Public Provident Fund)
with State Bank of India. As a Financial Planner advise her with regard to the
same and do factor in the provisions of Sec 80-C of the Income TaxAct, 1961.
(assume that this question is asked by her in December 2011)
A. Minimum deposit at any time in a year Rs. 500 and Maximum Rs. 70,000
B. Minimum deposit at any time in a year Rs. 500 and Maximum Rs. 1,00,000
C. Minimum deposit at any time in a year Rs. 5000 and Maximum Rs. 1,00,000
D. Minimum deposit at any time in a year Rs. 100 and Maximum Rs. 1,00,000
Answer: B
Question: 111
Mr. Anthony Gonzalvis is working with SEBI wants to open a PPF A/c (Public
Provident Fund) with State Bank of India, but is concerned about the provisions
of "The Income Tax Act, 1961" with regard to its Contribution, Accumulation and
Withdrawal. As a Financial Planner address her concern and provide an
appropriate advise with reference to I.T Act, 1961.
Taxable, Exempt, Exempt, (TEE)
A. Exempt, Taxable, Exempt (ETE)
B. Exempt, Exempt, Taxable (EET)
C. Exempt, Exempt, Exempt (EEE)
Answer: D
Question: 112
"Defined Benefit Plans" are the following. 1. Gratuity 2. Employees Pension
Scheme 3. Leave Encashment 4. VRS 5. Provident Fund 6. Annuity Plans
available in the market
A. All are true except 6
B. Only 1,2 & 3 are true
C. Only 1,2, 3 & 4 are true
D. Only 1,2, & 5 are true
Answer: C
Question: 113
Mr. Ramalinga Raju joins a private limited company covered under the PF Act.
The employer contributes for all the employees only up to the specified salary
limit. His monthly salary consists of Rs.10,000 as basic, Rs.5,000 as DA and 10%
of the basic as HRA, calculate the EPS contribution
A. Rs. 1250
B. Rs. 541
C. Rs. 833
D. Rs. 1241
Answer: C
Question: 114
"Defined Contribution Plans" are the following: 1. Annuity Plan available in the
market 2. New Pension Scheme, 2004 3. Provident Fund 4. Gratuity as per
Payment of Gratuity Act,1972 5. Gratuity not as per Payment of Gratuity
Act,1972
A. Only 1 & 2 are true
B. Only 1,2 & 3 are true
C. Only 1,2, & 5 are true
D. Only 1,2, 3 & 5 are true
Answer: B
Question: 115
If a person receives gratuity and commuted pension then _________ of the
commuted amount of pension is tax free
A. One third
B. Half
C. Full
D. One fourth
Answer: A
Question: 116
Which one of the following is a method of estimating retirement income?
A. Weighted average method
B. Completed cost method
C. Proportion method
D. Replacement of income method
Answer: D
Question: 117
A scheme providing pension benefits as per Income Tax provisions is called:
A. Superannuation Scheme
B. Retirement Scheme
C. Retirement Income Scheme
D. Pension Scheme
Answer: A
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APTUSC Administrator testing - BingNews https://killexams.com/pass4sure/exam-detail/CPFA Search results APTUSC Administrator testing - BingNews https://killexams.com/pass4sure/exam-detail/CPFA https://killexams.com/exam_list/APTUSC FDA approves first ever DNA test to help screen for risk of opioid use disorder No result found, try new keyword!The first-ever DNA test to help determine if someone has a greater risk of developing opioid use disorder was approved by the Food and Drug Administration (FDA) this week. The FDA approved the ... Thu, 21 Dec 2023 03:41:00 -0600 en text/html https://thehill.com/policy/healthcare/4371656-first-dna-test-opioid-use-disorder-approved-fda/ Budget crunch presents early test of Moore administration No result found, try new keyword!Wes More (D) with one of the toughest challenges of his nascent administration. Ever ebullient, Moore was sworn in earlier this year vowing to move quickly to rebuild state government, end ... Mon, 18 Dec 2023 23:04:00 -0600 en-us text/html https://www.msn.com/ Shapiro administration still testing environment near East Palestine Train derailment No result found, try new keyword!The Shapiro Administration said they’ve secured over $1.4 million in reimbursements for equipment losses stemming from the derailment from Norfolk Southern since they were announced back in April. Sun, 03 Dec 2023 08:10:00 -0600 en-us text/html https://www.msn.com/ How much arsenic is in your rice?

Answering consumers' questions

After our 2012 report, we got many questions. Two of the most common: "Are there any types of rice that are lower in arsenic?" and "Do other grains, such as quinoa, contain arsenic, too?" We now have the answers.

In addition to analyzing the FDA data on rice products, scientists at our Food Safety and Sustainability Center tested 128 samples of basmati, jasmine, and sushi rice for arsenic. We combined the data with the results of our 2012 tests and FDA data on arsenic in rice for a total of 697 samples of rice. We also looked at the inorganic arsenic levels in 114 samples of nonrice grains. (You can read the details of our testing in our full report.)

Nicer rices

Our latest tests determined that the inorganic arsenic content of rice varies greatly depending on the type of rice and where it was grown. White basmati rice from California, India, and Pakistan, and sushi rice from the U.S. on average has half of the inorganic-arsenic amount of most other types of rice.

Our findings led us to treat those specific rices from those areas differently from other types of rice and rices grown in other regions. Based on our data, we calculated that consumers could have about twice as many weekly servings as we previously recommended if that was the only rice or rice product someone ate. For adults, that adds up to 4½ servings per week; children could have 2¾ servings.

All types of rice (except sushi and quick cooking) with a label indicating that it's from Arkansas, Louisiana, or Texas or just from the U.S. had the highest levels of inorganic arsenic in our tests. For instance, white rices from California have 38 percent less inorganic arsenic than white rices from other parts of the country.

Brown rice has 80 percent more inorganic arsenic on average than white rice of the same type. Arsenic accumulates in the grain's outer layers, which are removed to make white rice. Brown has more nutrients, though, so you shouldn't switch entirely to white. Brown basmati from California, India, or Pakistan is the best choice; it has about a third less inorganic arsenic than other brown rices.

Rice that's grown organically takes up arsenic the same way conventional rice does, so don't rely on organic to have less arsenic.

Grains lower in arsenic

The gluten-free grains amaranth, buckwheat, millet, and polenta or grits had negligible levels of inorganic arsenic. Bulgur, barley, and farro, which contain gluten, also have very little arsenic. Quinoa (also gluten-free), had average inorganic arsenic levels comparable to those of other alternative grains. But some samples had quite a bit more. Though they were still much lower than any of the rices, those spikes illustrate the importance of varying the types of grains you eat.

Cooking to lower arsenic levels

You may be able to cut your exposure to inorganic arsenic in any type of rice by rinsing raw rice thoroughly before cooking, using a ratio of 6 cups water to 1 cup rice, and draining the excess water afterward. That is a traditional method of cooking rice in Asia. The modern technique of cooking rice in water that is entirely absorbed by the grains has been promoted because it allows rice to retain more of its vitamins and other nutrients. But even though you may sacrifice some of rice's nutritional value, research has shown that rinsing and using more water removes about 30 percent of the rice's inorganic arsenic content.

Sat, 23 Dec 2023 17:02:00 -0600 en-US text/html https://www.consumerreports.org/cro/magazine/2015/01/how-much-arsenic-is-in-your-rice/index.htm
Boeing urges airlines to check its 737 Max jets for loose bolts
A Boeing 737 MAX jet lands following a Federal Aviation Administration test flight at Boeing Field in Seattle, Wash., in June 2020.

A Boeing 737 MAX jet lands following a Federal Aviation Administration test flight at Boeing Field in Seattle, Wash., in June 2020.

Jason Redmond/AFP via Getty Images

The Federal Aviation Administration says it is closely monitoring inspections of Boeing 737 MAX jets after the plane-maker requested that airlines check for loose bolts in the rudder control system.

Boeing recommended the inspections after an undisclosed international airline discovered a bolt with a missing nut while performing routine maintenance, the agency said Thursday. The company also discovered an additional undelivered aircraft with an improperly tightened nut.

"The issue identified on the particular airplane has been remedied," Boeing said in a statement. "Out of an abundance of caution, we are recommending operators inspect their 737 Max airplanes and inform us of any findings."

Boeing says it has delivered more than 1,370 of the 737 Max jets globally. United Airlines, Southwest Airlines, American Airlines and Alaska Airlines are among the U.S. airlines with the aircraft in its fleets.

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No in-service incidents have been attributed to lost or missing hardware, according to Boeing.

The company estimated that inspections — which it recommended should be completed within the next two weeks — would take about two hours per airplane. It added that it believed the airplanes could continue to fly safely.

The issue is the latest in a string of safety concerns that have dogged the plane.

In a span of five months between October 2018 and March 2019, two crashes on Boeing 737 Max aircraft killed 346 people. The Federal Aviation Administration subsequently grounded the plane for 20 months, and the disaster ultimately cost the company more than $20 billion.

Investigators found that both crashes were caused in part by a flawed automated flight control system called MCAS.

Richard Aboulafia, managing director of aerospace consulting firm Aerodynamic Advisory, says the loose bolts, and the need for inspections, are in a different category than the MCAS debacle.

"The latter was a design issue, rather than a manufacturing glitch," he told NPR.

"The problem here is relatively insignificant, but it does speak to continued serious problems with the production ramp, both at Boeing and with its suppliers."

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Fri, 29 Dec 2023 00:13:00 -0600 en text/html https://www.mprnews.org/story/2023/12/29/npr-boeing-737-max-jets-faa-loose-bolts-nuts TERRANET CONTINUES TO DEVELOP NEW TESTING METHODS WITH FUNDING FROM THE SWEDISH TRANSPORT ADMINISTRATION

Terranet

Terranet has been awarded a grant of 614 000 SEK from the Swedish Transport Administration's Skyltfonden for a joint project with RISE’s test bed AstaZero. The project, which runs throughout all of 2024, aims to Excellerate traffic safety for unprotected road users by developing new testing methods and technologies for advanced driver assistance systems (ADAS).

Titled "Significant Accident and Injury Reduction for Unprotected Road Users with New ADAS Methods and Technologies," the project seeks to develop new testing and verification methods for BlincVision and state-of-the-art ADAS systems for autonomous emergency braking (AEB) in time-critical accident scenarios.

The project includes six work packages to be carried out over the year 2024:

  1. Updating testing methods: Focuses on the obscured visibility of pedestrians, cyclists, and e-scooters at higher speeds and new impact points based on field data.

  2. Development of L2 scenarios: Targets scenarios where cyclists or e-scooters suddenly swerve in front of a car.

  3. Prototype integration in test vehicle: Implements the BlincVision prototype system in a test car at Revere at Chalmers, with mounting of testing equipment and driving robot done by AstaZero.

  4. Verification tests: Tests BlincVision and a state-of-the-art ADAS system with the updated and new methods for validation and verification.

  5. Analysis and reporting: Compiles data and results from the tests.

  6. Final report: Produces a comprehensive report on the project's outcomes.

"The project is an important step forward towards our goal of making urban traffic safer. With funding from the Swedish Transport Administration, AstaZero's expertise, and our own technical competence, we are confident that we can advance both our product development and the industry's testing methods," says Magnus Andersson, CEO of Terranet.

About Skyltfonden
Skyltfonden is operated by the Swedish Transport Administration and supports research and development in the field of traffic safety. The fund grants contributions to innovative projects and is financed by the Swedish Transport Agency's sale of personalized license plates.

For more information, please contact
Magnus Andersson CEO
Email: magnus.andersson@terranet.se

About Terranet AB (publ)

Terranet is on a mission to save lives in urban traffic. 

We develop breakthrough tech solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect vulnerable road users.

With a unique and patented vision technology, Terranet’s anti-collision system BlincVision scans and detects road objects multiple times faster and with higher accuracy than any other ADAS technology available today.

Terranet is based in Lund, Sweden, and in the heart of the European automotive industry in Stuttgart, Germany. The company is listed on Nasdaq First North Premier Growth Market since 2017(Nasdaq: TERRNT-B). 

Follow our journey at www.terranet.se

Certified Adviser to Terranet is Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se.

Attachment

Sun, 03 Dec 2023 12:30:00 -0600 en-US text/html https://finance.yahoo.com/news/terranet-continues-develop-testing-methods-073000701.html
Biden administration takes first step toward writing key AI standards WASHINGTON: The Biden administration said on Tuesday it was taking the first step toward writing key standards and guidance for the safe deployment of generative artificial intelligence and how to test and safeguard systems.
The Commerce Department's National Institute of Standards and Technology (NIST) said it was seeking public input by Feb. 2 for conducting key testing crucial to ensuring the safety of AI systems.
Commerce Secretary Gina Raimondo said the effort was prompted by President Joe Biden's October executive order on AI and aimed at developing "industry standards around AI safety, security, and trust that will enable America to continue leading the world in the responsible development and use of this rapidly evolving technology."
The agency is developing guidelines for evaluating AI, facilitating development of standards and provide testing environments for evaluating AI systems. The request seeks input from AI companies and the public on generative AI risk management and reducing risks of AI-generated misinformation.
Generative AI - which can create text, photos and videos in response to open-ended prompts - in accurate months has spurred excitement as well as fears it could make some jobs obsolete, upend elections and potentially overpower humans and catastrophic effects.
Biden's order directed agencies to set standards for that testing and address related chemical, biological, radiological, nuclear, and cybersecurity risks.
NIST is working on setting guidelines for testing, including where so-called "red-teaming" would be most beneficial for AI risk assessment and management and setting best practices for doing so.
External red-teaming has been used for years in cybersecurity to identify new risks, with the term referring to U.S. Cold War simulations where the enemy was termed the "red team."
In August, the first-ever U.S. public assessment "red-teaming" event was held during a major cybersecurity conference and organized by AI Village, SeedAI, Humane Intelligence.
Thousands of participants tried to see if they "could make the systems produce undesirable outputs or otherwise fail, with the goal of better understanding the risks that these systems present," the White House said.
The event "demonstrated how external red-teaming can be an effective tool to identify novel AI risks," it added.
Tue, 19 Dec 2023 21:58:00 -0600 en text/html https://timesofindia.indiatimes.com/world/us/biden-administration-takes-first-step-toward-writing-key-ai-standards/articleshow/106137684.cms
Biden’s Strategy Faces a Test as Israeli Forces Push Into Southern Gaza

Mr. Gordon was focusing on the day-after questions of what will happen in Gaza once Israel completes its war on Hamas. After meetings with Israeli officials, Mr. Gordon was scheduled to head to Ramallah on Wednesday to consult with leaders of the Palestinian Authority, which partially runs the West Bank. The Palestinian Authority resists Israeli settlements and compensates the families of Palestinians in Israeli prisons, including those held for violent attacks, but, unlike Hamas, recognizes Israel’s right to exist and has to an extent coordinated with Israeli security forces.

Mr. Biden and Mr. Netanyahu are at odds over the day-after question. While Mr. Biden agrees that Hamas must be removed from power in Gaza, he opposes an Israeli re-occupation of the coastal enclave. Instead, he favors what he calls a “revitalized” Palestinian Authority taking over Gaza as well. But Mr. Netanyahu has resisted that and on Tuesday said only Israel can ensure that Gaza will remain demilitarized after Hamas is destroyed. “I’m not ready to close my eyes and accept any other arrangement,” he said.

For all their differences, Biden administration officials argue that the president’s strategy has paid dividends. By keeping Israel close, they said, he has helped prevent Israel from widening the war by going after Hezbollah in Lebanon; forced Israel to reopen Gaza to humanitarian aid after initially vowing to block any food, water and other supplies; encouraged the now-expired pause in fighting that enabled the release of more than 100 hostages; and prompted Israel to take more steps to curtail civilian casualties.

As Israeli forces push into southern Gaza, they have published maps of safe zones where civilians can shelter from the fighting and, according to U.S. officials, sought to calibrate their targeting to avoid as many mass casualty attacks. Nonetheless, the Gaza Health Ministry has reported that hundreds have been killed just in the last few days, and critics have scorned the maps as ineffective in an area with so little mass communication. Speaking privately, Biden administration officials acknowledge the Israelis have not done as much as Washington would like to spare civilians but said they have gotten the message and are trying.

“Israel has heard from us loud and clear our expectation that they uphold international humanitarian law, abide by the rules of war, and take steps to minimize, to every extent possible, civilian casualties as they persecute this war against Hamas,” Olivia Dalton, a White House spokeswoman, told reporters on Air Force One on Tuesday as Mr. Biden traveled to Boston.

Mon, 04 Dec 2023 10:00:00 -0600 en text/html https://www.nytimes.com/2023/12/05/us/politics/biden-strategy-israel-gaza.html
Kelly Administration To Implement Weekend Traffic Slimming Test On Frazier; Speed Limit Cut To 25 MPH

The Kelly Administration, City Council Vice Chair Jenny Hill, and the Northshore Merchants Collective announced Monday that a new, temporary traffic calming demonstration project on Frazier Avenue will be in effect for the remaining weekends in December, beginning on Saturday.

Roadway demonstration projects are low-cost, short-term, temporary projects used to pilot long-term design solutions to Excellerate the safety of roads for all users, officials said.

The Kelly Administration is also instituting a new, permanent 25 mph speed limit on Frazier Avenue.

The city will place speed monitoring radar poles to deter speeding in the area and will increase police enforcement in the neighborhood.

The moves come after a speeding vehicle collided with another car, then spun up on the sidewalk at Frazier and Forest where a visiting family of three were standing. The wife and 22-month-old son were killed and the father was left in a coma.

Beginning Saturday, Chattanooga Public Works will set up traffic barrels to establish a weekend traffic pattern for Saturdays and Sundays throughout the balance of December. The traffic barrels will be removed for weekdays. The temporary traffic pattern will give city engineers the ability to collect data to inform a permanent reconfiguration of Frazier Avenue, in line with previous reconfigurations on Central, Bailey and McCallie avenues, it was stated.

“Local government should be responsive to the concerns of its residents and effective in its response to the challenges in our community,” said Mayor Tim Kelly. “This tactical intervention, accompanied by enforcement, will allow us to Excellerate conditions on Frazier Ave on the remaining holiday weekends when pedestrian and cyclist traffic is at its peak and to analyze the effectiveness of an alternate design without impacting workday traffic patterns. This collaboration between my team, Vice Chair Hill, and the Northshore Merchants will help us quickly get to the best possible long-term solution.”

“Residents have spoken loud and clear about their concerns. This immediate action will slow cars down and make Frazier safer,” said Vice Chairwoman Hill. “Moving forward, we will focus on learning what solutions best meet all stakeholder needs so we can develop and implement a permanent solution. As a resident of and representative for the Northshore community, I’m committed to ensuring a safe and vibrant Frazier for residents, business owners, and visitors to this unique Chattanooga neighborhood.”

“We're in agreement with the plan put forward by Mayor Kelly’s team and Vice Chairwoman Hill, and we want to be a part of the process of making our neighborhood a safer place for everyone,” said Northshore Merchants Collective President Catharine Daniels. “This neighborhood is one that everyone loves. We love it as residents and merchants, and we want folks to continue to come here and enjoy it. We appreciate the council and the mayor for the action they are taking and for including us in the conversation.”

The images shown are draft representations of what the temporary weekend pattern will look like. Areas delineated in black below will be configured by traffic barrels.

Sun, 03 Dec 2023 10:00:00 -0600 en text/html https://www.chattanoogan.com/2023/12/4/479192/Kelly-Administration-To-Implement.aspx
TERRANET CONTINUES TO DEVELOP NEW TESTING METHODS WITH FUNDING FROM THE SWEDISH TRANSPORT ADMINISTRATION

Terranet

Terranet has been awarded a grant of 614 000 SEK from the Swedish Transport Administration's Skyltfonden for a joint project with RISE’s test bed AstaZero. The project, which runs throughout all of 2024, aims to Excellerate traffic safety for unprotected road users by developing new testing methods and technologies for advanced driver assistance systems (ADAS).

Titled "Significant Accident and Injury Reduction for Unprotected Road Users with New ADAS Methods and Technologies," the project seeks to develop new testing and verification methods for BlincVision and state-of-the-art ADAS systems for autonomous emergency braking (AEB) in time-critical accident scenarios.

The project includes six work packages to be carried out over the year 2024:

  1. Updating testing methods: Focuses on the obscured visibility of pedestrians, cyclists, and e-scooters at higher speeds and new impact points based on field data.

  2. Development of L2 scenarios: Targets scenarios where cyclists or e-scooters suddenly swerve in front of a car.

  3. Prototype integration in test vehicle: Implements the BlincVision prototype system in a test car at Revere at Chalmers, with mounting of testing equipment and driving robot done by AstaZero.

  4. Verification tests: Tests BlincVision and a state-of-the-art ADAS system with the updated and new methods for validation and verification.

  5. Analysis and reporting: Compiles data and results from the tests.

  6. Final report: Produces a comprehensive report on the project's outcomes.

"The project is an important step forward towards our goal of making urban traffic safer. With funding from the Swedish Transport Administration, AstaZero's expertise, and our own technical competence, we are confident that we can advance both our product development and the industry's testing methods," says Magnus Andersson, CEO of Terranet.

About Skyltfonden
Skyltfonden is operated by the Swedish Transport Administration and supports research and development in the field of traffic safety. The fund grants contributions to innovative projects and is financed by the Swedish Transport Agency's sale of personalized license plates.

For more information, please contact
Magnus Andersson CEO
Email: magnus.andersson@terranet.se

About Terranet AB (publ)

Terranet is on a mission to save lives in urban traffic. 

We develop breakthrough tech solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) that protect vulnerable road users.

With a unique and patented vision technology, Terranet’s anti-collision system BlincVision scans and detects road objects multiple times faster and with higher accuracy than any other ADAS technology available today.

Terranet is based in Lund, Sweden, and in the heart of the European automotive industry in Stuttgart, Germany. The company is listed on Nasdaq First North Premier Growth Market since 2017(Nasdaq: TERRNT-B). 

Follow our journey at www.terranet.se

Certified Adviser to Terranet is Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se.

Attachment

Sun, 03 Dec 2023 12:30:00 -0600 en-GB text/html https://uk.finance.yahoo.com/news/terranet-continues-develop-testing-methods-073000539.html




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