ROSEN, GLOBAL INVESTOR COUNSEL, Encourages 17 Education & Technology Group Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – YQ

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of 17 Education & Technology Group Inc. (NASDAQ: YQ) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with 17EdTech's December 2020 initial public offering (the "IPO"), of the important September 19, 2022 lead plaintiff deadline, in the securities class action commenced by the Firm.

SO WHAT: If you purchased 17EdTech securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the 17EdTech class action, go to https://rosenlegal.com/submit–form/?case_id=7395 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 19, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, the IPO Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) Defendant 17EdTech's K–12 Academic AST Services would end less than a year after the IPO; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the 17EdTech class action, go to https://rosenlegal.com/submit–form/?case_id=7395 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

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

———————————————–

Contact Information:

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


ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Discover Financial Services Investors to Inquire About Securities Class Action Investigation – DFS

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigative potential securities claims on behalf of shareholders of Discover Financial Services (NYSE: DFS) resulting from allegations that Discover Financial Services may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Discover Financial Services securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit–form/?case_id=7773 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On July 20, 2022, after trading hours, Discover Financial Services issued a press release announcing its financial results for its second quarter of 2022. Among other items, Discover Financial Services disclosed that "[t]he company is suspending until further notice its existing share repurchase program because of an internal investigation relating to its student loan servicing practices and related compliance matters. The investigation is ongoing and is being conducted by a board–appointed independent special committee."

On this news, Discover Financial Services share prices fell $9.80 per share, or 8.9%, to close at $100.00 per share on July 21, 2022, on unusually heavy trading volume.

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

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

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

Contact Information:

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


Sustained Efficacy of Long-Acting Cabotegravir for PrEP Among Cisgender Women – Findings from HPTN 084 Study

DURHAM, N.C., July 28, 2022 (GLOBE NEWSWIRE) — Researchers from the HIV Prevention Trials Network (HPTN) presented updated results from the HPTN 084 long–acting cabotegravir (CAB) for pre–exposure prophylaxis (PrEP) study at the AIDS 2022 conference in Montreal. New findings show reductions in HIV incidence were sustained in the 12 months following trial unblinding (November 5, 2020, through November 5, 2021).

"These results are encouraging as CAB efficacy was sustained during the 12 months following unblinding, confirming a high level of protection against HIV acquisition among study participants assigned female at birth," said Dr. Sinead Delany–Moretlwe, HPTN 084 protocol chair, director of research at Wits RHI, and research professor at the University of the Witwatersrand in Johannesburg, South Africa.

HPTN 084 is an ongoing Phase 3 randomized, controlled trial that previously demonstrated the superiority of ViiV Healthcare's long–acting cabotegravir compared to daily oral tenofovir/emtricitabine (TDF/FTC) for HIV prevention in individuals assigned female at birth. The blinded portion of the trial was stopped at a planned interim review in November 2020 due to evidence of superior efficacy when compared to daily oral TDF/FTC. Participants were subsequently unblinded and continued their original randomized study regimen pending a protocol amendment to offer open–label CAB.

"HIV infection continues to threaten the health of women worldwide," said Dr. Myron Cohen, HPTN co–principal investigator, and director of the Institute for Global Health at the University of North Carolina in Chapel Hill. "Empowering women with safe and effective PrEP options is critical to reducing HIV as a global health threat."

HPTN 084 enrolled 3,223 cisgender women at research sites in Botswana, Eswatini, Kenya, Malawi, South Africa, Uganda, and Zimbabwe. Twenty–three incident infections (3 CAB, 20 TDF/FTC) were detected in the 12–month unblinded period. Of these, two (1 CAB, 1 TDF/FTC) were determined to have occurred during the blinded phase. Only one of the CAB cases (blinded phase case) had ever received an injection. An additional 83 confirmed pregnancies (43 CAB, 40 TDF/FTC) occurred in the unblinded period. No congenital anomalies were reported.

"The additional pregnancy incidence data highlight the importance of establishing the safety and pharmacology of CAB among pregnant individuals," said Dr. Wafaa El–Sadr, HPTN co–principal investigator, director of ICAP, and professor of epidemiology and medicine at Columbia University in New York.

HPTN 084 was co–funded by NIAID, the Bill & Melinda Gates Foundation, and ViiV Healthcare. Study product was provided by ViiV Healthcare and Gilead Sciences, Inc. Three other NIH institutes also collaborated on HPTN 084: the National Institute of Mental Health, the National Institute on Drug Abuse, and the Eunice Kennedy Shriver National Institute of Child Health and Human Development.

About HPTN

The HIV Prevention Trials Network (HPTN) is a worldwide collaborative clinical trials network that brings together investigators, ethicists, community members, and other partners to develop and test the safety and efficacy of interventions designed to prevent the acquisition and transmission of HIV. The U.S. National Institute of Allergy and Infectious Diseases, the U.S. National Institute of Mental Health, Office of The Director,"the U.S. National Institute on Drug Abuse, and the"Eunice Kennedy Shriver National Institute of Child Health and Human Development,"all part of the U.S. National Institutes of Health,"co–fund the HPTN. The HPTN has collaborated with more than 85 clinical research sites in 19 countries to evaluate new HIV prevention interventions and strategies in populations with a disproportionate HIV burden. The HPTN research agenda "" more than 50 trials ongoing or completed with over 161,000 participants enrolled and evaluated "" is focused primarily on discovering new HIV prevention tools and evaluating integrated strategies, including biomedical interventions combined with behavioral risk reduction interventions and structural interventions. For more information, visit"hptn.org.


Jax.Network is Excited to Unveil Global Merged Mining Alliance with Syscoin

DUBAI, United Arab Emirates, July 28, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain merge–mined with Bitcoin, has announced the launch of the Global Merged Mining Alliance (GMMA) today. Together with Syscoin, they aim at contributing to the development of the Bitcoin network by supporting projects building on top of the world's first blockchain.

"The beauty of merged mining is that we can re–apply all of our hashing power to support multiple networks and build a thriving software ecosystem at the same time," said Jag Sidhu, Syscoin Lead Developer and Foundation President. "However, merged mining is currently relatively unknown, underdeveloped, and underutilized. The GMMA is here to change this."

As it was reported, Jax.Network partnered with Syscoin earlier this month and now they unveil plans to create the GMMA. The alliance will push forward the adoption of the Bitcoin network as well as enhance its security by helping merge–mined protocols, mining pools, and other platforms contributing to the Bitcoin ecosystem to succeed in their missions. More projects are expected to join the GMMA in the near future.

It's important to highlight that merged mining is considered one of the best ways for Bitcoin miners to earn extra profit without losing hashrate or increasing operational costs. Moreover, projects anchored to Bitcoin can not only offer higher rewards to miners but also leverage the security of the Bitcoin network.

"We're thrilled to partner with Syscoin to facilitate the development of the Bitcoin ecosystem," said Vinod Manoharan, Founder of Jax.Network. "By aligning the self–interest of miners with the best interest of the community at large, we're contributing to the global blockchain industry and propelling innovation in the merged mining sector."

About Jax.Network

Jax.Network is an open source project that provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues JAX, a stablecoin pegged to the energy spent on mining, and JXN, which is an asset coin representing the value of the whole network.

About Syscoin

Syscoin is a decentralized and open–source project founded in 2014 whose NEVM blockchain combines the best of Bitcoin and Ethereum in a single coordinated modular platform.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network


Dante Genomics to Participate in a Panel Presentation at the Canaccord Genuity 42nd Annual Growth Conference

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) — Dante Genomics, a global leader in genomics and precision medicine, today announced that members of its management team will participate in the Canaccord Genuity 42nd Annual Growth Conference, and Andrea Riposati, CEO of Dante Genomics, will participate in a panel presentation on leveraging omics–based data and analytics to advance precision health to the next level on Thursday, August 11, 2022 at 9:30 AM Eastern Time.

The replay of the panel presentation will be available shortly after the conclusion of the panel discussion on the conference portal for 14 days post event.

About Dante Genomics
Dante Genomics is a global genomic information company building and commercializing a new class of transformative health and longevity applications based on whole genome sequencing and AI. The Company uses its platform to deliver better patient outcomes from diagnostics to therapeutics with assets including one of the largest private genome databases with research consent, proprietary software designed to unleash the power of genomic data at scale and proprietary processes which enable an industrial approach to genomic sequencing.

Contact:
Laura D'Angelo
VP of Investor Relations
ir@dantelabs.com
+39 0862 191 0671
www.dantegenomics.com


The World Was Already Broken. Shall Ukrainian Cereals Fix It Up?

Credit: Bigstock

By Baher Kamal
MADRID, Jul 28 2022 – A wide majority, including the United States, has cheered the 22 July Turkey-brooked agreement between Russia and Ukraine to resumen cereals and fertilisers exports from both countries.

Such exports had been stopped since last February due to the ongoing proxy war in Ukraine, on the one hand, and the successive United States-led Western sanctions imposed on Russia.

The Istanbul agreement is projected to allow both countries to release their cereals and fertilisers exports, under UN and international supervision.

The accord is projected to release around five million tons of Ukrainian cereals per month. Considering this country’s cereals exports used to amount to some 45 million tons a year, the reached agreement would mean that Ukraine will export much more now than before the war: 60 million tons per year.

 

Anyway…

But if you look at the global figures, you may wonder if such agreement suffices to fix up the disproportionate rise of the prices of food products all over the globe. Unless such a rise is also driven by a high-tide of profit-making speculations, the resumed exports do not appear like a miraculous solution.

Ukraine is not the world’s single grain producer. Nor is it the Planet’s largest grain exporter. In fact, Ukraine represents 10% of the global supply.

The same applies to Russia, which will also resume its cereal exports in virtue of the Istanbul agreement. With around 118 million tons a year, Russia ranks fourth in the world’s list of the world’s top producers.

 

The big producers

The largest one, China, with over 620 million tons, generates more than four-fold the total Russian production.

The United States, with 476 million tons, is the world’s second largest cereal producer, nearly three-fold what Russia produces.

Then you have the European Union, with 275 million tons. France alone produces some 63 million tons. Canada produces more than 58 million tons. Other major cereals producers are India, Brazil, Argentina, and Australia.

Are Western politicians and mainstream media really accurate when they continue repeating that the world’s food markets have collapsed just due to the ongoing proxy war in Ukraine?

 

The future is compromised

Meanwhile, a joint study by the UN Food and Agriculture Organization (FAO) and the Organisation for Economic Cooperation and Development (OECD), makes immediate and future projections.

Over the next decade, the study reports, cereal production is expected to increase by 336 million tons, reflecting gains made primarily in major grain-producing countries.

More than 50% of the “global production increase in wheat” will come from India, Russia, and Ukraine. For maize, the United States, China, and Brazil will account for more than half of the expected production growth.

Concerning maize, the United States will remain the leading exporter, followed by Brazil, Ukraine, Argentina, and Russia. The European Union, Australia, and the Black Sea region are expected to continue to be the main exporters of other coarse grains.

Also India, Viet Nam and Thailand will continue to lead global rice trade, while Cambodia and Myanmar are expected to play an increasingly important role in global rice exports.

 

Severe drought in Europe

There are other key facts about the current world food crisis. One of them is the European Commission warning that the European Union’s food production and exports is at risk due to “severe droughts,” “severe precipitation deficit,” “reduced stored water volume,” and “high competition for water resources,” among other facts.

In short, neither Ukraine’s nor Russia’s exports should be blamed for having created such a devastating food shortage all over the whole globe, nor the sharpest rise in food prices, let alone the steady, alarming increase in inflation rates.

And anyway, much earlier than the Ukraine war, the world was already facing an unprecedented crisis. For instance, more than four years ago, climate emergency driven drought has been hitting East African countries, causing a devastating famine.

 

The situation

As defined by a number of international organisations, the world has long been facing a “perfect storm” of climate disasters and conflicts.

 

Here you are some examples:

 

The above mentioned ones are just a few indicative examples showing how the world was already broken before the Ukraine war.

It goes without saying that all wars are criminal, all of them, no matter who or on whom.

Meanwhile, the human suicidal war on Nature continues unrelented; the limitless greed and voracious profit-making further go on, as it do the sluagherting of the world’s most vulnebrables’ basic human rights, including the right to stay alive.

Canada Lags in Providing for Children, Especially Marginalized Kids

One in two First Nations children lives in conditions of poverty (First Nations people account for about half of Canada’s Indigenous population of 1.7 million). Credit: Creative Commons/Qyd

By Marty Logan
KATHMANDU, Jul 28 2022 – Canada and its major cities consistently appear in Top 10 lists of best places in the world to live. But delve into figures about children’s lives in the northern nation known for ice hockey heroics and you see a different picture.

For example, one in five children in the North American country of 38 million people lives in conditions of poverty. That rises to one in two for First Nations children (First Nations people account for about half of Canada’s Indigenous population of 1.7 million).

Also, Canada ranks 30th among 38 of the world’s richest countries in the well-being of children and youth under age 18, according to UNICEF. “Canada’s public policies are not bold enough to turn our higher wealth into higher child well-being,” suggests UNICEF to explain the gap.

“Canada is not using its greater wealth for greater childhoods: Canada ranks 23rd in the conditions for good childhood but 30th in children’s outcomes,” adds the United Nations agency, in its 2019 report Worlds Apart, the Canadian companion to a global survey of the world’s richest countries.

One in five children in the North American country of 38 million people lives in conditions of poverty. That rises to one in two for First Nations children

UNICEF suggests that rising inequality might be reflected in the low scores for children’s well-being. “More equal societies tend to report higher overall child well-being and fewer health and social problems, such as mental illness, bullying and teenage pregnancy,” says Worlds Apart.

Activist Leila Sarangi goes a step further to explain the inequality. “Canada is still a colonized nation and that is a strategy for maintaining structure and systems that perpetuate things like poverty,” says Sarangi, National Director of Campaign2000, a non-partisan coalition of 120 organizations.

She refers to a 2016 decision of the Canadian Human Rights Tribunal that found the Canadian Government had discriminated against First Nations children in providing child welfare benefits. It ordered the government to pay each affected child $40,000. Earlier this month the government agreed to total compensation of $20 billion for children and caregivers affected by that discrimination.

On 23 June 2002 the UN Committee on the Rights of the Child wrote that it was “deeply concerned” about “discrimination against children in marginalized and disadvantaged situations in the State party (Canada) such as the structural discrimination against children belonging to indigenous groups and children of African descent, especially with regard to their access to education, health and adequate standards of living.”

In its concluding observations of reports submitted in May, the committee recommended that Canada “put an end to structural discrimination against children belonging to indigenous groups and children of African descent and address disparities in access to services by all children.”

Sarangi says Campaign2000 hoped that the federal government budget in April would act on the government’s post-Covid-19 ‘build back rhetoric’ and provide relief to the poorest Canadians. “We really believe that big spending and big change is possible and we saw that in the pandemic, the way that the government moved really quickly to provide different kinds of support and services,” she added in a Zoom interview.

“Unfortunately the budget missed out. It talks a lot about the deficit and trying to reduce the deficit. One of the things that was really absent from that budget — there was really nothing on income security.”

Instead, poor families have fallen into even deeper poverty says Campaign2000’s 2021 report card on child and family poverty, the first time that has happened since 2012. “When the (monthly, tax-free) Canada Child Benefit was implemented in 2016 and 2017 you can see the rate of child poverty drop pretty significantly — you see a real drop in that rate of child poverty,” says Sarangi. “But in the last two years it’s stalling, and that’s because there’s not been new investment into that benefit… it is frustrating because we know that those kinds of transfers work.”

Non-profit organization Canada Without Poverty (CWP) noted that the budget mentioned poverty 4 times, compared to 90 times for its 2021 counterpart. “It is a policy choice not to invest in social programmes that will serve marginalized communities and alleviate and reduce poverty,” says National Coordinator Emilly Renaud in an email interview. “It is not about less money, it is about a lack of political will to deal with issues of poverty.

“The federal government has committed to a 50 percent poverty reduction by 2030, but there is no clear answer as to what that 50 percent will look like, and if it will look equitable,” she added.

CWP’s Just the Facts webpage lists startling statistics such as:

  • Between 1980 and 2005, the average earnings among the least wealthy Canadians fell by 20%.
  • People living with disabilities (both mental and physical) are twice as likely to live below the poverty line.
  • Precarious employment increased by nearly 50 percent over the past two decades.

The situation won’t improve without structural change, says Campaign2000’s 2021 report card: “Dismantling systemic racism, particularly anti-Indigenous and anti-Black racism, is needed to eradicate poverty and inequality. Policies meant to address higher poverty rates in marginalized communities need to be developed with the communities they target and incorporate trauma-informed principles to policymaking.”

 

One in five children in Canada lives in conditions of poverty. That rises to one in two for First Nations children. First Nations people account for about half of Canada’s Indigenous population of 1.7 million

 

Chargebee Enables Subscription Businesses to Combat Economic Turmoil with 2022 Summer Product Release

San Francisco, Calif., July 28, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced its Summer 2022 Product Release. The slate of new products and features is focused on enabling high–performing subscription businesses to monetize their existing customers and fend off the growing threats of a tumultuous economy. These new products help businesses build their cash reserves and maintain their customer base at a time when many businesses – and their customers – are struggling with the realities of inflation and drying up of venture capital, the lingering effects of COVID–19 and a decimated global supply chain.

The centerpiece of Chargebee's Summer 2022 Product Release is Chargebee Retention, formerly Brightback, which along with Chargebee Receivables (numberz), and RevRec (RevLock), all acquired by Chargebee over the last 18 months, represent Chargebee's initial foray into becoming a true multi–product company.

Chargebee Retention allows businesses to focus on keeping the customers they already have at a time when both businesses and consumers are being forced to evaluate everything in their portfolios and make difficult decisions. Chargebee Retention enables businesses to customize cancellation experiences with offers geared towards continuing the customer relationship and allows businesses to test out personalized retention–magnet strategies to minimize voluntary churn and strengthen customer lifetime value with an ROI of as much as 800%.

"For subscription businesses, acquiring new customers is at least 2.5 times more expensive than upselling or expanding an existing customer. This factor can be even higher with intelligent automation that decreases customer churn while increasing the chances of expansion," said Mark Thomason, IDC Research Director responsible for Digital Business Models and Monetization practice. "While these retention capabilities are critical during these tumultuous times, keeping happy customers is always in vogue."

Chargebee Receivables helps businesses improve their cash flow management processes by automating accounts receivable workflows. Subscription businesses will now be able to efficiently automate their entire accounts receivables workflow and process from purchase to payment. In addition, Chargebee Receivables also lets businesses proactively engage with customers on predicted payment failure to minimize involuntary churn and increase customer retention.

“Customer retention has become an even bigger focus for us over the past year or so," said Bob Viscount, Vice President at Silhouette U. "The economy has changed a lot, and we've been looking for a solution that helps mitigate some of the cancellations we've been seeing. Customers have chosen to cancel due to cost and having an option to deflect some of these cancellations with a tailored offer in the moment has been a huge boost to our business. Chargebee Retention has proven to be a value–add to our business and has allowed us to provide customers with a comprehensive review of what they'd be giving up while also leveraging offers when needed. The results in a very short amount of time have convinced me that this needs to be a critical component to our business moving forward.”

The volatility of today's market landscape has forced businesses to become adaptable and nimble in ways they hadn't previously expected, tinkering with package and feature offerings and providing new and different services to customers at different price points. The new Chargebee Entitlements offers businesses more control over this new path and enables them to upsell to existing customers by showing them value. Chargebee Entitlements enables businesses to "value–test" and experiment with different packaging and pricing options, better control feature launches with roll–outs to small subsets of customers, and go to market faster. Chargebee Entitlements helps go–to–market teams provide feature access to customers beyond their plan on the flip of a switch, which can be used to incentivize plan upgrades and free–to–paid conversions.

"We've spent months engaging with our customers, learning the ins and outs of their businesses and working with them to determine what types of tools they want and need to face their current challenges head–on," said John Pearce, Vice President of Product Management at Chargebee. "In those conversations, the focus almost always homed in on retaining customers, building long–lasting customer relationships and understanding how Chargebee can help businesses monetize their existing customer base. Chargebee Retention, Chargebee Receivables and Chargebee Entitlements are a direct result of our findings and our desire to give our customers exactly what they need to build and scale their businesses, even in these trying times."

The complete list of features in Chargebee's Summer 2022 Product Release, which also includes in–app purchase management, multi–entity management, integration with PandaDoc to manage quote–based subscription workflows, a RevRec integration that helps businesses recognize revenue in local currency and avoid challenges that hinder growth, and RevRec's ASC 606 expense recognition, can be found here: https://www.chargebee.com/summer–release–2022/

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,500 subscription–based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e–learning, IoT, Publications, and more, manage and grow revenue by automating subscription billing, invoicing, payments, and revenue recognition operations, provides key metrics, reports, and business insights and now offers Chargebee Retention and Chargebee Receivables. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com.

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خطوط طيران البلطيق تطلب

أسطول طائرات C بالكامل هو العمود الفقري لخطة العمل الجديدة لخطوط طيران البلطيق الوجهة 2025

الطلب يدفع سجل الطلبات المؤكدة على الطائرات من طراز C إلى ما يزيد عن 400 طائرة

ريجا، لاتفيا —(Marketwired – 28 مايو 2018) –

ملاحظة للمحررين: هناك صورة مرتبطة بهذا الإصدار الصحفي.

أعلنت شركة بومباردييه للطائرات التجارية وخطوط طيران البلطيق اليوم أن الطرفين قد أبرما اتفاقًا مؤكدًا لبيع وشراء 30 طائرة طراز CS300 إلى جانب حقوق خيار وشراء 30 طائرة إضافية من الطراز ذاته.

وتُقدر قيمة الطلب المؤكد بنحو 2,9 مليار دولار أمريكي، وفقًا لقائمة أسعار الطائرة CS300. وسوف يزداد هذا المبلغ إلى نحو 5,9 مليار دولار في حالة ممارسة الخيارات الخمسة عشر وحقوق الشراء الخمسة عشر جميعها.

وفي معرض تعليقه على هذه المناسبة، قال فريد كرومر، رئيس شركة بومباردييه للطائرات التجارية "مع استمرار برنامج طائرات C Series في جذب شريحة أكبر من السوق، فإن هذا الطلب الكبير للمرة الثانية من مشغل طائرات CS300 يُعد شهادة قوية على الأداء الاستثنائي للطائرة أثناء الخدمة". وأضاف "نفخر بأن طائرات CS300 قد ساعدت خطوط طيران البلطيق في الحفاظ على مكانتها كواحدة من خطوط الطيران الأكثر انضباطاً على مستوى العالم. إن سلسلة طائرات C Series تأتي في مقدمة سوق الطائرات الصغيرة ذات الممرات الأحادية وقد لعبت خطوط طيران البلطيق دوراً رئيسًا في إثبات هذه القيمة. وخلال الثمانية عشر شهراً الأخيرة، ارتقت خطوط طيران البلطيق لتحتل مكانة رائدة في السوق ونأمل أن تحظى الشركة بنجاح وافر مع توسعتها لأسطول طائراتها من طراز CS300."

ومع هذا الطلب أصبحت خطوط طيران البلطيق أكبر عميل أوروبي للطائرات من طراز C Series وثاني أكبر عميل على مستوى العالم يقدم طلباً مؤكداً لشراء خمسين طائرة. تعتمد خطة العمل الجديدة لشركة خطوط الطيران على التوسعات الكبرى في مساراتها من جميع دول البلطيق الثلاث لاتفيا وإستونيا وليتوانيا.

"وفي ضوء أن الشركة من أولى الشركات التي تبنت تشغيل طائرات C Series، فقد اتخذنا قراراً استشرافياً بشأن التقنية المتقدمة من أجل دعم خطتنا الإنتاجية على نحو يؤدي إلى استدامة الربحية، ونحن اليوم نستفيد من الطائرات الصغيرة ذات الممرات الأحادية الأكثر كفاءة من حيث استهلاك الوقود. وفي ضوء ما أثبتته الطائرة من توفير استهلاك الوقود بأكثر من 22 بالمائة، فإن طائرات CS300 تلعب دوراً حيوياً في خفض تكاليف التشغيل. في عام 2017، شهدنا نموا هائلاً وأظهرنا للعالم الإمكانات الفريدة والراحة المصاحبة لهذه الطائرة المبتكرة. وقد نجحنا في تنفيذ استراتيجية تحديث أسطولنا، ونشعر بالحماسة لزيادة عدد أسطولنا إلى 80 طائرة من طراز CS300 مع الاستغناء تدريجياً عن أنواع الطائرات الأخرى خلال السنوات الثلاث القادمة"، جاء ذلك في كلمة مارتين جوس، الرئيس التنفيذي لخطوط طيران البلطيق.

وأضاف "نحن الآن نشرع في تنفيذ استراتيجية الأعمال التالية الوجهة 2025، حيث ستشهد توسعة خطوط طيران البلطيق لخارطة عملياتها. إن جزءاً هاماً من هذه الاستراتيجية الجديدة هو طرح أسطول أكبر وأكثر تميزاً من طائرات CS300، وهي الطائرات الأكثر ملاءمة للأسواق التي نزاول بها أنشطتنا.

فيما قال أولديس أوغوليس، وزير النقل في جمهورية لاتفيا "لقد كان عام 2017 هو الأكثر نجاحاً في تاريخ خطوط طيران البلطيق حيث حققت خلاله الشركة نتائج تشغيلية ومالية استثنائية. وهذا يعد برهانا ساطعاً على نجاح استراتيجية عمل خطوط الطيران ونموذجها التشغيلي". وأردف "إن الطلب الجديد هو الاستثمار الأكبر في تاريخ لاتفيا ويلعب دوراً مهمًا في تطوير البنية التحتية لخطوط الطيران في منطقة البلطيق الأمر الذي ستكون له آثار واسعة على الصادرات والاقتصاد والوظائف".

ومن المقرر أن تبدأ عمليات التسليم لهذا الطلب الجديد كما هو مقرر في الربع الأخير من عام 2019. كانت خطوط طيران البلطيق قد طلبت من قبل 20 طائرة من طراز CS300. وتشغل شركة خطوط الطيران في الوقت الحالي 8 طائرات من طراز CS300.

نبذة عن C Series

الشركة التضامنية المحدودة لصناعة طائرات الفئة سي (C Series Aircraft Limited Partnership) هي شركة تابعة لقطاع طائرات بومباردييه التجارية بشركة بومباردييه المتحدة، وهي تتولى تصنيع طائرات C Series. لمزيد من المعلومات عن طائرات C Series، برجاء زيارة المركز الإعلامي.

نبذة عن خطوط طيران البطليق

خطوط طيران البلطيق هي شركة خطوط الطيران الأكثر انضباطاً على مستوى العالم، حيث تربط منطقة البلطيق بـ 70 وجهة في أوروبا والشرق الأوسط ودول الكومنولث، وهي شركة مساهمة تأسست في عام 1995. والمساهم الرئيسي في الشركة هو دولة لاتفيا، حيث تمتلك 80,05 بالمائة من أسهمها، في حين يمتلك Lars Thuesen نسبة 20 بالمائة من خلال شركة Aircraft Leasing 1 SIA المملوكة له بالكامل. يتكون أسطول طائرات خطوط طيران البطليق من 31 طائرة – 8 طائرات بومباردييه من طراز CS300، و11 طائرة من طراز Boeing 737 و12 طائرة بومباردييه من طراز Q400، وقد حصدت خطوط طيران البلطيق العديد من الجوائز الدولية عن خدماتها المتميزة والمبتكرة وإنجازاتها في إعادة تشكيل أعمالها. وفي عام 2017، حصلت الشركة على جائزة شركة خطوط الطيران الإقليمية للعام من CAPA، في حين حصلت في عام 2018 على جائزة الإنجاز في مجال خطوط الطيران من ATW كشركة رائدة للعام. وقد حققت خطوط طيران البلطيق أفضل أداء منضبط على مستوى العالم في 2014 و 2015 و 2016 و 2017 على التوالي.

نبذة عن بومباردييه

مع أكثر من 69500 موظف في أربعة قطاعات أعمال، تعتبر بومباردييه شركة رائدة على مستوى العالم في صناعة النقل، حيث تقوم بإنشاء طائرات وقطارات مبتكرة تُغير من معايير صناعة النقل. توفر منتجاتنا وخدماتنا خبرات نقل عالمية المستوى تضع معايير جديدة لراحة الركاب وكفاءة الطاقة والموثوقية والسلامة.

يقع مقر بومباردييه في مونتريال بكندا، ولها مواقع إنتاجية وهندسية في 28 دولة عبر قطاعات النقل المختلفة، وطائرات رجال الأعمال ، والطائرات التجارية، وهياكل الطائرات والخدمات الهندسية. يتم تداول أسهم بومباردييه في بورصة تورونتو للأوراق المالية (BBD). وحققت الشركة إيرادات بلغت 16,2 مليار دولار أمريكي خلال السنة المالية المنتهية في 31 ديسمبر 2017. تتوفر الأخبار والمعلومات على الموقع الإلكتروني bombardier.com أو من خلال متابعتنا عبر Twitter@Bombardier.

ملاحظات للمحررين

تم نشر صور طائرتنا طراز C Series أثناء التسليم لخطوط طيران البلطيق مع هذا البيان الصحفي عبر الموقع الإلكتروني www.bombardier.com.

تابعونا على Twitter عبر @BBD_Aircraft لتلقي آخر الأخبار والتحديثات من بومباردييه للطائرات التجارية.

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Historic WTO Deal Could Threaten Subsidies, Lifeline for Jamaican Fishers

Fishers have been impacted by poor fishing practices, negligent management of fisheries and frequent hurricanes, exacerbated by two years of pandemic-related restrictions. Now it is feared that WTO proposals on subsidies are skewed to benefit the large fishing nations. Credit: Zadie Neufville/IPS

Fishers have been impacted by poor fishing practices, negligent management of fisheries and frequent hurricanes, exacerbated by two years of pandemic-related restrictions. Now it is feared that WTO proposals on subsidies are skewed to benefit the large fishing nations. Credit: Zadie Neufville/IPS

By Zadie Neufville
Kingston, Jul 28 2022 – In the 21 years it took the World Trade Organisation (WTO) to agree on a historic deal on fishing subsidies, the lives of fisherfolk in Rocky Point, Clarendon, have seen many ups and downs.

The largest fishing village on Jamaica’s south coast has been battered by nature and economic challenges which have left their mark. The fishing beach signs of frequent run-ins with Mother Nature and economic battles have sent many to ‘greener pastures’.

Rocky Point sits at the edge of the Portland Bight protected area outside the special fisheries management area (a protected zone). It is the country’s largest fishing village which, in its heyday, attracted fishers from up and down the coast. But while the town has grown, taking in surrounding cane fields and wetlands, the trade that built it, fishers say, is dying. In communities like these, subsidies take on a whole new meaning.

Fishermen Face Hardships

Fifty-year-old fisherman Bradley Bent has been supplementing his income as a boat repairman. Credit: Zadie Neufville/IPS

Fifty-year-old fisherman Bradley Bent has been supplementing his income as a boat repairman. Credit: Zadie Neufville/IPS

Decades of poor fishing practices, negligent fisheries management and frequent hurricanes, exacerbated by two years of pandemic-related restrictions, have taken their toll. These days, 50-year-old fisherman Bradley Bent has been supplementing his income as a boat repairman. These other skills he honed as a fisherman for more than three decades are helping him through the tough times.

Bent was hunched over, patching his boat with fibreglass under the searing heat of the morning sun. Around him, a group of repair men applied fresh paint to upturned boats. The faint sea breeze is putrid with the smell of chemicals, and the air pulses with the sounds of the buzzing generator and sanders as the men smooth the hull of a nearby boat.

COVID-19 restrictions grounded or reduced the sizes of most fishing crews and slashed their incomes by restricting them to shorter, less profitable distances in a bay virtually depleted of fish. Nowadays, fishermen are gone for days at a time but can’t afford to cover the cost of fuel or pay their bills.

Fishing is no longer an everyday affair at what was once the pride of south coast fishing, where fishermen could pull nets close to breaking with many of 11 species in the island’s waters, including parrotfish, snapper, wench-man, grunt, jack, turbot and butterfish, and seasonal hauls of wahoo, grouper and tuna.

Rocky Point fishers like Bent must now travel up to 70 miles up the coast or to the offshore fishing colony of Pedro Cays to find fish. In the last two years, things have gotten much worse. Some fishermen have left the business, forced out by the rising cost of fuel, equipment and the effort it takes to scrape by. Others, like George Henry, a fidgety forty-something, make do with menial jobs like gutting and scaling fish to make ends meet.

On the beaches around the Kingston Harbour – not so long ago, fertile grounds for shad, sprat, whiting and crabs – fishing is an exercise in futility, said Gladston White. The Jamaican fisherman is chairman of the Caribbean Network of Fisherfolk Organisations (CFNO), an organisation of fishers representing member states of the Caribbean Community (CARICOM).

George Henry has to make do with menial jobs like gutting and scaling fish to make ends meet. Credit: Zadie Neufville/IPS

George Henry has to make do with menial jobs like gutting and scaling fish to make ends meet. Credit: Zadie Neufville/IPS

Fish provide almost half of the world’s 7.75 billion people with about 20 percent of their average daily intake of animal protein and up to 50 percent in some developing and least developed countries (FAO 2020). Providing an estimated 59.51 million jobs worldwide while earning the region small countries, including CARICOM, 60 percent of the 164 billion US dollars in exports.

In theory, fishing should be held in check by its very environment: low fish stocks should mean fishing takes more time and costs more money, but this is not the case in depleted areas where food security depends on a good catch, and there is no other source of income.

Financial Assistance for Fishers

According to the Ministry of Agriculture and Fisheries, the fishing community suffered significant losses during the COVID-19 lockdown. Government estimates indicate that the sector lost up to 23.1 million US dollars in earnings in 2020 alone.

So, when the government announced relief for fishers in November 2020, many in the fishing community were overjoyed. Unfortunately, only 4,740 of the 26,000 on the Fishermen’s register, or just over 11 percent of the estimated 40,000 people who identify as fishers, received assistance.

The grant would cover their National Fisheries Authority (NFA) registration and ID cards, roughly 100 US dollars in vouchers to buy mesh for fish pots across the 137 fishing communities. An additional allocation of 200 US dollars each went to members of Parliament whose constituencies include fishing communities. The subsidies were to be paid to those fishermen who had been grounded for two months during COVID-19 lockdowns. These pay-outs or assistance are, in the general scheme of things, subsidies and are among those which the WTO and agencies like the FAO seek to ban.

According to the Organisation for Economic Co-operation and Development (OECD), fishing subsidies in 39 countries averaged 12 billion US dollars annually between 2012 and 2014. While there was a 20 percent reduction between 2015 and 2018, since 2016, the trend has continued to increase.

In its 2020 The State of World Fisheries and Aquaculture, the FAO identified subsidies as a contributing factor to overfishing, IUU fishing, and the decline of regional fish stocks.

The World Bank’s The Sunken Billions Revisited reported in 2017: “The proportion of fisheries that are fully fished, overfished, depleted, or recovering from overfishing increased from just over 60 percent in the mid-1970s to about 75 percent in 2005 and to almost 90 percent in 2013”.

According to the FAO, subsidies in large fishing nations like the USA, European Union, Japan, South Korea, Taiwan, Thailand, Russia, and China, contribute most to the over-exploitation of marine fish stocks.

WTO Proposed Ban On Subsidies

For the most part, Caribbean Community (CARICOM) governments, including Jamaica, believe the “WTO proposals are skewed to benefit the large fishing nations”, while those proposed for small, vulnerable economies were inadequate to address their interests.

In his presentation to Ministers attending the 12th Ministerial Conference (MC12) in Geneva (June 12 to 17, 2022), Prime Minister of Antigua and Barbuda Gaston Brown noted that most of the estimated USD 22 billion that is spent collectively on subsidies that incentivise unsustainable fishing practices each year, comes from the world’s largest economies.

Speaking on behalf of CARICOM, he pointed out that six of the Caribbean’s smallest countries collectively provide roughly “USD 9.7 million in subsidies that are considered harmful or less than one percent of the global total.”

Subsidies for Caribbean fishers are few and far between. In times of crisis, the government steps in to provide much-needed help for the artisans – usually small-scale professional fishers- who account for more than 90 percent of the industry.

Henry was one of those who did not receive a COVID-19 relief grant, and he is bitter. “I have to be doing this because only their friends get the help,” he said, angrily pointing to the bucket of fish he was paid to clean.

On the other hand, Ricky*(last name withheld on request), is grateful for the benefit but says it did not go far enough to offset the losses, especially with the double-whammy from the sargassum seaweed overwhelming their beach.

“The last time we got help, it was 15,000 US dollars, and not everyone got it,” he said adding: “We need help with the seaweed so we can continue to go to sea”, pointing to the huge pile of rotting seaweed covering beach and foreshore (area between the high and low tide marks).

Bent said the equipment cost is far too high for fishers to afford, given their declining incomes. Mesh costs between 100 and 300 US dollars, depending on the gauge (wire size) and does not include the cost of sticks, rope, and binding wire. Engines cost anywhere from 1000 US dollars (150,000 Jamaican dollars) or more, the men say.

The Jamaican government also gives tax exemptions for fishing equipment such as engines, boats and other gear to help ease the burden of a constantly shifting exchange rate. The men also purchase fuel at cost from the NFA, the agency responsible for regulating the island’s fisheries.

Estimates are that the fishing sector lost up to 23.1 million US dollars in 2020 due to the COVID-19 pandemic. Credit: Zadie Neufville/IPS

Estimates are that the fishing sector lost up to 23.1 million US dollars in 2020 due to the COVID-19 pandemic. Credit: Zadie Neufville/IPS

Donations categorised as Subsidies 

In the Caribbean, donor agencies like the Japan International Cooperation Agency (JICA), United Nations Development Programme and the UN Food and Agriculture Organisation (FAO) occasionally offer funding support to develop fisheries management plans and infrastructure.

Other assistance comes from donor agencies through Environmental NGOs like the Caribbean Coastal Area Management Foundation (C-CAM), a local development organisation operating in and managing one of Jamaica’s largest protected areas on behalf of the government. This ‘assistance’ too would come under the scrutiny of the WTO.

Executive Director Ingrid Parchment explained that CCAM also manages three marine protected areas across the parishes of St Catherine and Clarendon. In the last 10 to 15 years, she said, subsidies have come in the form of help with gear in the aftermath of natural disasters like hurricanes, beach improvement projects and gear distribution.

In the Caribbean, 142,000 mostly rural dwellers are directly and indirectly dependent on fishing. The sector reportedly earns 150 million US dollars and saves the region at least three times that sum. Fisheries account for up to 8 percent of gross domestic product in some CARICOM member countries. Belize at 3.9 percent and Guyana at 8.1 percent, according to data from the Caribbean Regional Fisheries Management (CRFM) Secretariat, the CARICOM body responsible for coordinating regional fisheries.

In Belize, for instance, CRFM reports that the fishing industry is primarily artisanal and directly supports the livelihood of more than 15,000 Belizeans.

Meanwhile, the Jamaican fishing industry provides direct and indirect employment to some 40,000 fishers folk. The sector also contributes to the livelihoods of more than 200,000, the Caribbean Regional Track of the Pilot Programme for Climate Resilience (PCCR) project reported in 2015.

The PCCR report noted that at the end of 2015, 23,631 registered fisher folk and 7,133 registered boats were operating from 187 fishing beaches and two cays located at the Pedro Bank. While fin fish makes up the bulk of marine capture, the export earnings are primarily from the lobster and Queen Conch fisheries.

Small Countries Support Fair and Effective Bans

Some ministers negotiating the deal felt the working draft would leave developing and least developed nations bearing the brunt of cuts to the livelihoods of their small-scale fisherfolk and create loopholes for richer countries to continue subsidising the most harmful fishing activities.

Speaking on behalf of the CARICOM and primarily the Eastern Caribbean nations, ahead of the agreement, Prime Minister Brown argued: “the most beneficial deal would be one that requires large fishing nations to prioritise focus on improving the health and population of the target species that are most impacted by subsidies,” rather than permitting larger nations to go farther to catch more fish.

The FAO has reported that fish stocks are at risk of collapsing in many parts of the world due to overexploitation. The organisation’s data shows that about 34% of global stocks are overfished, compared with 10% in 1974, an indicator that stocks are being exploited faster than the fish population can replenish itself.

In 2005 the WTO initiated a call for the prohibition of subsidies and a mandate for eliminating harmful subsidies to be included in Goal 14 of the UN Sustainable Development Goals (SDGs), which aims to address ‘Life Below Water’ through the sustainable management and protection of marine and freshwater resources.

In its December 20, 2021 briefing, the WTO said that a reduction in fishing capacity and effort would contribute to the recovery of stocks. The organisations have also argued that subsidies that “directly increase fishing capacity and may lead to overfishing are estimated at about 22 billion US dollars worldwide.”

If nothing else, the June 17 agreement addresses the SDG 14.6 targets, specifically, the elimination of fisheries subsidies.

“The package of agreements you have reached will make a difference to the lives of people around the world. The outcomes demonstrate that the WTO is, in fact, capable of responding to the emergencies of our time,” said WTO Director-General Ngozi Okonjo-Iweala said, in announcing the historic new deal on fisheries subsidies on June 17, 2022.

While not as ambitious as initially planned, it means that for the first time, a WTO agreement has been established to address environmental issues. The new multilateral treaty includes a set of rules prohibiting subsidies to fishers engaged in illegal, unreported and unregulated (IUU) fishing, catching overfished stocks and fishing on the high seas outside the control of regional fisheries management authorities.

The agreement includes provisions (Articles 3, 4 and 5) to withhold subsidies from fishing vessels and operators that have engaged in IUU fishing from subsidies, eliminate subsidies in areas where the stocks are overfished and for fishing and fishing-related activities in areas that are outside the control of regional fishing authorities as there are no conservation rules governing these areas. Article 4, however, allows for subsidies to help rebuild overfished stocks.

The agreement also includes oversight of vessels fishing inside foreign waters and for fishing of stocks for which information is limited. In addition, members are required to notify the WTO about the subsidies they provide.

And in response to those members who asked for help, said WTO Director-General, Article 7 includes the creation of “a funding mechanism to provide targeted technical assistance and capacity building to help developing and least-developed country members implement the Agreement.”

On June 17, Chile’s Ambassador Santiago Wills, chairman of the WTO fisheries negotiation committee, noted:

“We have an agreement to eliminate subsidies that contribute to illegal, unreported and unregulated fishing and to prohibit subsidies that contribute to overcapacity and overfishing, with appropriate and effective special and differential treatment.”

They believe the new WTO deal does not accommodate the special and differential treatment for less-developed nations that SDG 14.6 mandates.

The former head of now-defunct Jamaica’s Fisheries Division in the Ministry of Agriculture, Andre Kong, opposes the removal of subsidies as proposed by the World Trade Organisation (WTO) because “it does not take into account the realities in countries such as ours,” he said.

In its December 20, 2021 briefing, the WTO said that a reduction in fishing capacity and effort would contribute to the recovery of stocks. The organisations have also argued that subsidies that “directly increase fishing capacity and may lead to overfishing are estimated at about 22 billion US dollars worldwide.”

In Jamaica, the government teamed up with fishing communities to establish sanctuaries or no-take areas to replenish fish stocks, a combined 9,020 hectares across 18 fish sanctuaries and no-take areas, with another four under assessment. Other measures include a new Fisheries Act, legal and management frameworks and regulations to improve policing.

In the Caribbean, 142,000 mostly rural dwellers are directly and indirectly dependent on fishing. Credit: Zadie Neufville/IPS

In the Caribbean, 142,000 mostly rural dwellers are directly and indirectly dependent on fishing. Credit: Zadie Neufville/IPS

Across the Caribbean and Latin America, authorities are coordinating through the CRFM, the Organisation of the Fisheries and Aquaculture Sector of the Central American Isthmus (OSPESCA) and others to implement environmental, livelihood projects and social programmes that aim to support the vulnerable populations that depend on fishing. In Clarendon and St Catherine, Parchment and her C-CAM Foundation continue to roll out donor-funded projects to ease the way for stakeholders.

Once negotiations are complete, countries like Jamaica will have up to two years to minimise the impact of their sector. Caribbean nations and their counterparts in Africa and the Pacific are looking to eliminate fuel and vessel construction subsidies that make distant-water fleets viable and support IUU fishing. So far, the deal has targeted high-seas fishing, which falls outside national jurisdictions.

Ministers from “African, Caribbean and Pacific countries kept their promise to continue negations for a “fair and effective WTO agreement” that would help to minimise the effects of harmful subsidies.

“Year after year, giant, foreign-flagged vessels encroach on Caribbean waters, competing with our local fishing fleets. In 2018, the most recent year for which data are available, six unique foreign distant-water fishing vessels were observed in OECS waters, propped up by over 99 million US dollars in state-sponsored subsidies,” the Prime Minister said.

The six are Organisation of Eastern Caribbean States (OECS) – Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

In Jamaica, the Ministry of Agriculture estimates that intercepted IUU vessels account for only 14 percent of the IUU fishing. Between January 2011 and March 2019, ten foreign vessels were caught fishing illegally in Jamaican waters.

So even as the world celebrates the WTO deal on subsidies, the spectre of unfinished business hangs over the Caribbean. Governments have said that they will “keep negotiating”, but as long as the trade of high-value protected species like conch remains critical to the livelihoods of regional fishers, uncertainty persists.

 

This story was produced with the support of Internews’ Earth Journalism Network (EJN)

Read more about this topic here.  (link to booklet)

IPS UN Bureau Report

 


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