Public Development Banks Can’t Drag Their Feet When It Comes to Building a Sustainable Future

Civil society organisations at the Finance in Common Summit. Credit: Noel Emmanuel Zako

By Bibbi Abruzzini
ABIDJAN, Ivory Coast , Oct 21 2022 – A coalition of civil society organisations is demanding public development banks (PDBs) to take radical and innovative steps to tackle human rights violations and environmental destruction. No project funded by PDBs should come at the expenses of vulnerable groups, the environment and collective liberties, but should instead embody the voices of communities, democratic values and environmental justice.

The demands, part of a collective statement signed by more than 50 civil society organisations, come as over 450 PDBs gather in Abidjan, Ivory Coast, from October 19th, for a third international summit, dubbed Finance in Common.

The COVID-19 pandemic and climate emergency, coupled with human rights violations and increasing risks for activists worldwide, is bringing the need to change current practices into even sharper focus. While public development banks may drag their feet on addressing intersecting and structural inequalities, civil society organisations are taking actions aimed at creating dignified livelihoods by embedding development with concrete affirmative measures towards climate, social, gender, and racial justice.

PDBs cannot be reluctant to act. They need to hit the target when it comes to supporting the transformation of economies and financial systems towards sustainability and addressing the most pressing needs of citizens worldwide – from food systems to increasing support for a just transition towards truly sustainable energy sources. PDBs must recognise that public services are the foundation of fair and just societies, rather than encouraging their privatisation and keep austerity narratives alive.

9 out of 10 people live in countries where civic freedoms are severely restricted, and with an environmental activist killed every two days on average over the past decade, development banks have an obligation to recognize and incorporate human rights in their plans and actions, following a “do not harm” duty.

Civil society organisations at the Finance in Common Summit. Credit: Noel Emmanuel Zako

Communities cannot be left out of the door. They need to be given the space to play the rightful role of driving forces in the answers to today’s global challenges, without them PDBs will move backwards rather than forward – and this means more environmental degradation, less democratic participation, and to put it bluntly an even greater crisis than the one we are facing today. And nobody needs that.

The recommendations in the collective civil society statement emerge from a three-year process of engagement and exchange, involving civil society networks in an effort to shape PDBs policies and projects. You can find some of their words and messages below.

As the call for accountability grows, the Finance in Common summits are an opportunity for PDBs to show moral leadership and help remedy the lack of long-term collaborations with civil society, communities and indigenous groups, threatening to curtail development narratives and practices.

Here’s the messages from civil society organisations from around the globe directed at public development banks.

Oluseyi Oyebisi, Executive Director of Nigeria Network of NGOs (NNNGO) the Nigerian national network of 3,700 NGOs said: “The Sahara and Sahel countries especially have been facing the most serious security crisis in their history linked with climate change, social justice and inequalities in the region. Marked by strong economic (lack of opportunities especially for young people), social (limitation of equitable access to basic social services) and climatic vulnerabilities, the region has some of the lowest human development indicators in the world – even before the covid pandemic. Access to affected populations is limited in some localities due to three main factors: the security situation, the poor state of infrastructures and difficult geographic conditions. PDBs must prioritise civil society organisations and Communities initiatives supporting state programs of decentralization, security sector reforms and reconciliation. This will help reduce the vulnerability of populations and prevent violent extremism.”

Mavalow Christelle Kalhoule, Forus Chair and President of Spong, the NGO network of Burkina Faso said: “Development projects shape our world; from the ways we navigate our cities to how rural landscapes are being transformed. Ultimately, they impact the ways we interact with one another, with plants and animals, with other countries and with the food on our plates. The decisions taken by public development banks are therefore existential. Such responsibility comes with an even greater one to include communities directly concerned by development projects, those whose air, water and everyday lives are affected for generations to come. For this to happen, public development banks must reinforce their long-term efforts to create dialogue with civil society organisations, social movements and indigenous communities in order to fortify the democratic principles of their work. We encourage them to listen, to ask and to cooperate in innovative ways so that development stays true to its original definition of progress and positive change; a collective, participative and fair process and a word which has a meaning not for a few, but for all.”

Tity Agbahey, Africa Regional Coordinator, Coalition for human rights in development said: “Many in civil society have expressed concerns about Finance in Common as a space run by elites, that fails to be truly inclusive. It is a space where the mainstream top-down approach to development, instead of being challenged, is further reinforced. Once again, the leaders of the public development banks gathered at this Summit will be taking decisions on key issues without listening to those most affected by their projects and the real development experts: local communities, human rights defenders, Indigenous Peoples, feminist groups, civil society. They will speak about “sustainability”, while ignoring the protests against austerity policies and rising debt. They will speak about “human rights”, while ignoring those denouncing human rights violations in the context of their projects. They will speak about “green and just transition”, while continuing to support projects that contribute to climate change.”

Comlan Julien AGBESSI, Regional Coordinator of the Network of National NGO Platforms of West Africa (REPAOC), a regional coalition of 15 national civil society platforms said: “Regardless of how they are perceived by the public authorities in the various countries, non-governmental organisations (NGOs) contribute to covering the aspects and spaces not reached or insufficiently reached by national development programmes. Despite the undeniable impact of their actions on the living conditions of populations, NGOs remain the poor cousins of donor funding, apart from the support of certain philanthropic or charitable organisations. In such a context of scarce funding opportunities, aggravated by the health crisis due to COVID-19 and the subsequent economic crisis, Pooled Finance, which is in fact a paradigm shift, appears to be a lifeline for CSOs. This is why REPAOC welcomes the commitments made by both the Public Development Banks and the Multilateral Development Banks to directly support CSO projects and programmes in the same way as they usually do with governments and the private sector. Through the partnership agreements that we hope and pray for between CSOs and banks, the latter can be assured that the actions that will be envisaged for the benefit of rural and urban communities will certainly reach them with the guarantees of accountability that their new CSO partners offer”.

Frank Vanaerschot, Director of Counter Balance, said: “As one of this year’s organisers of the Finance in Common Summit, the EIB will brag about the billions it invests in development. The truth is the bank will be pushing the EU’s own commercial interests and promoting the use of public money for development in the Global South to guarantee profits for private investors. Reducing inequalities will be second-place at best. The EIB is also co-hosting the summit despite systemic human rights violations in projects it finances from Nepal to Kenya. Instead, the EIB and other public banks should work to empower local communities by investing in the public services needed for human rights to be respected, such as publicly owned and governed healthcare and education – not on putting corporate profits above all else.”

Stephanie Amoako, Senior Policy Associate at Accountability Counsel said: “PDBs must be accountable to the communities impacted by their projects. All PDBs need to have an effective accountability mechanism to address concerns with projects and should commit to preventing and fully remediating any harm to communities”.

Jyotsna Mohan Singh, Regional Coordinator, Asia Development Alliance said: “PDBs should have a normative core; they should start with the rights framework. This means grounding all safeguards into all the various rights frameworks that already exist. There are rights instruments for indigenous people, the elderly, women, youth, and people living with disability. They are part and parcel of a whole host of both global conventions and regional conventions. Their approach should be grounded in those rights, then it will be on a very firm footing.

Asian governments need to support, implement, and apply strict environmental laws and regulations for all PDBs projects. The first step is to disseminate public information and conduct open and effective environmental impact assessments for all these projects, as well as strategic environmental assessments for infrastructure and cross-border projects.”

IPS UN Bureau

 


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Activists Call Out 11 Muslim Member States to Repeal Death Penalty for Blasphemy

Organization of Islamic Cooperation (OIC) headquartered in Jeddah, Saudi Arabia

By Christine M. Sequenzia and Soraya M. Deen
LOS ANGELES / WASHINGTON DC, Oct 21 2022 – Eleven out of 57 members of the Organization of Islamic Cooperation (OIC) still sanction the death penalty for blasphemy and apostasy, silencing their citizens and emboldening violence by non-state actors.

For the past 70 years, Article 18 of the United Nations Declaration of Human Rights has condemned capital punishment for religious offenses, a global standard shared during our recent visit to the UN headquarters in New York.

As a prelude to the UN General Assembly (UNGA) high-level meetings in mid-September, we led the International Religious Freedom (IRF) Roundtable Campaign to Eliminate Blasphemy and Apostasy Laws, urging UN members to stand in strong support during two paramount resolutions calling for an end to the death penalty and extrajudicial killings.

We urge the insertion of language codifying the death penalty never being imposed as a sanction for non-violent conduct such as blasphemy and apostasy. The effort produced an encouraging response by Nigerian third committee officials who renewed their commitment to freedom of religion or belief by supporting embedded language in both the moratorium on the death penalty and a resolution on renouncing the death penalty for extrajudicial killings.

In the days that followed our visit, the world has witnessed the outrage of human rights activists and concerned global citizens with the death of Masha Amini, an Iranian Muslim woman who was arrested and subsequently died in the custody of Iranian morality police for a violation of the Islamic Republic of Iran’s compulsory hijab mandate.

Brutal cases like these will only cease when government officials in Iran, and other egregious human rights violators, listen to the cries of their people and uphold globally recognized human rights declarations. These include statutes supporting international religious freedom or belief, and the repeal of apostasy and blasphemy laws.

When most countries around the world and the majority of Muslim nations are taking concrete steps to abolish capital punishment for perceived religious offenses such as blasphemy and apostasy, some refuse to modernize their legislation, thus branding themselves as the worst violators of internationally recognized basic human rights.

This staunch obsession with upholding persecutory laws and implementing the harshest of punishments, violates religious freedoms – the right to life and the right to freedom of religion or belief. This misinterpretation of scripture is an abuse of Islam, tarnishing the image of Muslims around the world and a disregard to Gods mercy, a belief that transcends faith orientation.

The multidisciplinary and multifaith delegation from the International Religious Freedom (IRF) Campaign urged UN members, including: Luxemburg, Canada, and Sri Lanka, to raise their voices loudly in favor of embedded international religious freedom language in two resolutions which will come up for a vote during the UNGA in November.

Penholders Australia and Costa Rica are calling for a moratorium on the death penalty which is only supported by the IRF Campaign with the addition of specific language ensuring the death penalty never be imposed for non-violent conduct such as apostasy or blasphemy.

Likewise, Finland, as penholder for the UNGA resolution on extrajudicial executions, is being asked by global advocates to add language on freedom of religion or belief, emphasizing the necessity for States to take effective measures to repeal laws currently allowing the death penalty for religious offences, such as criminalization of conversion and expression of religion or belief as a preventative measure.

Article 18 of the United Nations Declaration of Human Rights is clear – everyone has the right to freedom of religion or belief. Yet, 11 States today maintain the death penalty for apostasy and blasphemy. We raise the voices of the voiceless, such as Pakistani woman Aneeqa Ateeq who was sentenced to death for blasphemy in January 2022 after being manipulated into a religious debate online by a man who she romantically refused.

Also, an 83-year-old Somali man, Hassan Tohow Fidow, who was sentenced to death for blasphemy by an al-Shabaab militant court and subsequently horrifically executed by firing squad; and a 22-year-old Nigerian Islamic gospel singer Yahaya Sharif-Aminu who was sentenced to death for blasphemy because one of his songs allegedly praised an Imam higher than the Prophet.

As an outcome of our UN advocacy, we pray that the 11 Muslim member states—Afghanistan, Brunei, Iran, Maldives, Mauritania, Nigeria, Pakistan, Qatar, Saudi Arabia, Somalia, and Yemen– join in the common-sense repeal of the death penalty for blasphemy and apostasy as a great step toward becoming civilized nations.

The majority of OIC member nations who do not sanction the death penalty for religious offenses should be regarded as examples of modernity and humanity and their path to restore and uphold basic human rights should be replicated.

The Qur’an says, “There shall be no compulsion in religion; the right way has become distinct from the wrong way.” (Qur’an 2:256). Likewise, we read passages like 18:26:, “And say, ‘The truth is from your Lord. Whoever wills – let him believe. And whoever wills – let him disbelieve,” and “whoever among you renounces their own faith and dies a disbeliever, their deeds will become void in this life and in the Hereafter (Qur’an 2:217).”

The holy book, which serves as a moral compass for the laws in OIC member nations, upholds the right to freedom of religion or belief which has been recognized by the OIC majority.

As has been recently witnessed in Iran, when civil society activates around globally recognized human rights, the world takes note. The OIC asserts its purpose “to preserve and promote the foundational Islamic values of peace, compassion, tolerance, equality, justice and human dignity” and “to promote human rights and fundamental freedoms, good governance, rule of law, democracy, and accountability”.

To that end, with the passage of both critical UN resolutions, OIC members will face the controversial and politically sensitive task of calling out other OIC colleagues who continue to violate human rights by imposing the death sentence upon individuals for exercising their right to freedom of thought, conscience, and religion.

We assert that it is a societal problem as much as it is a reflection of the deficiency of democratic values and principles.

Embedding international religious freedom language in both resolutions calling for the repeal of the death penalty will be strengthened with the strong support of the 46 OIC nations and other human rights champion nations in the days ahead.

We are encouraged by Saudi Arabian scholar, Dr. Mohammad Al-Issa of the Muslim World Alliance, who travels the world sharing the unanimously approved Charter of Makkah – a document affirming differences among people and beliefs as part of God’s will and wisdom.

Our collective voice must be unwavering in its call and commitment to repeal the death penalty for blasphemy and apostasy as a primary step towards upholding theologies of love and compassion, building toward human flourishing.

Dr. Christine M. Sequenzia, MDiv is co-chair IRF Campaign to Eliminate Blasphemy and Apostasy Laws; Soraya M. Deen, Esq. is lawyer, community organizer, founder, Muslim Women Speakers, and co-chair International Religious Freedom (IRF) Women’s Working Group

IPS UN Bureau

 


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CPNG FINAL DEADLINE NOTICE: ROSEN, LEADING TRIAL ATTORNEYS, Encourages Coupang, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important October 25 Deadline in Securities Class Action – CPNG

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Coupang, Inc. (NYSE: CPNG) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Coupang's March 2021 initial public offering (the "IPO") of the important October 25, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Coupang securities pursuant and/or traceable to the Registration Statement 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 Coupang class action, go to https://rosenlegal.com/submit–form/?case_id=8383 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 October 25, 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) Coupang was engaged in improper anti–competitive practices with its suppliers and other third parties in violation of applicable regulations, including: (a) pressuring suppliers to raise prices of products on competing e–commerce platforms to ensure Coupang's prices would be more competitive; (b) coercing suppliers into purchasing advertisements that would benefit Coupang financially; (c) forcing suppliers to shoulder all expenses from sales promotions; and (d) requesting wholesale rebates from suppliers without specifying any terms relating to rebate programs, all of which served to artificially maintain Coupang's lower prices and artificially inflate Coupang's historical revenues and market share; (2) Coupang had improperly adjusted search algorithms and manipulated product reviews on its marketplace platform to prioritize its own private–label branded products over those of other sellers and merchants, to the detriment of consumers, merchants, and suppliers; (3) unbeknownst to its Rocket WOW members (a customer loyalty program for the Company's most engaged and frequent customers), Coupang was selling products to non–member customers at lower prices than those offered to its Rocket WOW members; (4) Coupang subjected its workforce to extreme, unsafe, and unhealthy working conditions; (5) all of the above illicit practices exposed Coupang to a heightened, but undisclosed, risk of reputational and regulatory scrutiny that would harm Coupang's critical relationships with consumers, merchants, suppliers, and the workforce; and (6) Coupang's lower prices, historical revenues, competitive advantages, and growing market share were the result of systemic, improper, unethical, and/or illegal practices, and, thus, unsustainable. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Coupang class action, go to https://rosenlegal.com/submit–form/?case_id=8383 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


Nyxoah to Participate in the Jefferies London Healthcare Conference

Nyxoah to Participate in the Jefferies London Healthcare Conference

Mont–Saint–Guibert, Belgium "" October 20, 2022, 10:30pm CET / 4:30pm ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) ("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Jefferies London Healthcare Conference, which takes place November 15–17, 2022, at The Waldorf Hilton in London.

Olivier Taelman, Nyxoah's Chief Executive Officer, will deliver a corporate update during a fireside chat on Thursday, November 17, 2022, at 10:25am GMT. A webcast of the presentation will be available on the Events section of Nyxoah's Investor Relations website. The Company will also be available for 1×1 meetings with institutional investors attending the event.

Nyxoah's updated Investor Presentation can be accessed on the Shareholder Information section of the Company's Investor Relations page.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah's lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world's most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors' therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution "" CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contacts:
Nyxoah
Loic Moreau, Chief Financial Officer
corporate@nyxoah.com
+32 473 33 19 80

Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

Attachment


TSP FINAL DEADLINE NOTICE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages TuSimple Holdings Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important October 31 Deadline in Securities Class Action – TSP

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of TuSimple Holdings Inc. (NASDAQ: TSP): (i) pursuant and/or traceable to the offering documents issued in connection with the Company's initial public offering conducted on or about April 15, 2021 (the "IPO"); and/or (ii) between April 15, 2021 and August 1, 2022, both dates inclusive (the "Class Period"), of the important October 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased TuSimple securities 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 TuSimple class action, go to https://rosenlegal.com/submit–form/?case_id=8026 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 October 31, 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 documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding TuSimple's business, operations, and prospects. Specifically, the IPO documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) TuSimple's commitment to safety was significantly overstated and defendants concealed fundamental problems with the Company's technology; (2) TuSimple was rushing the testing of its autonomous driving technology in order to deliver driverless trucks to the market ahead of its more safety–conscious competitors; (3) there was a corporate culture within TuSimple that suppressed or ignored safety concerns in favor of unrealistically ambitious testing and delivery schedules; (4) the aforementioned conduct made accidents involving TuSimple's autonomous driving technology more likely; (5) the aforementioned conduct invited enhanced regulatory scrutiny and investigatory action toward TuSimple; and (6) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the TuSimple class action, go to https://rosenlegal.com/submit–form/?case_id=8026 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


ABT FINAL DEADLINE ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Abbott Laboratories Investors with Losses in Excess of $100K to Secure Counsel Before Important October 31 Deadline in Securities Class Action – ABT

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Abbott Laboratories (NYSE: ABT) between February 19, 2021 and June 8, 2022, both dates inclusive (the "Class Period"), of the important October 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Abbott 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 Abbott class action, go to https://rosenlegal.com/submit–form/?case_id=8453 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 October 31, 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, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) according to the U.S. Food and Drug Administration ("FDA"), Abbott had "egregiously unsanitary" conditions at its Sturgis, Michigan facility which produced nearing half of Abbott's various forms of infant formula under the brands Similac, Alimentum, and EleCare; (2) as a result, Abbott's infant formula business was in dire jeopardy given the flagrant violations of federal and state health and safety regulations; (3) based on inspections by the FDA between 2019 and 2022, Abbott failed to establish process controls "designed to ensure that infant formula does not become adulterated due to the presence of microorganisms in the formula or in the processing environment" and Abbott also failed to "ensure that all surfaces that contacted infant formula were maintained to protect infant formula from being contaminated by any source"; (4) the unhygienic conditions of the Sturgis facility resulted in the recall of Abbott's infant formula and closure of the Sturgis facility; and (5) as a result, defendants' public statements about Abbott's business, operations, and prospects were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Abbott class action, go to https://rosenlegal.com/submit–form/?case_id=8453 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


AZRE FINAL DEADLINE ALERT: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Azure Power Global Limited Investors with Losses in Excess of $100K to Secure Counsel Before Important October 31 Deadline in Securities Class Action – AZRE

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Azure Power Global Limited (NYSE: AZRE) between June 15, 2021 and August 26, 2022, both dates inclusive (the "Class Period"), of the important October 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Azure Power 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 Azure Power class action, go to https://rosenlegal.com/submit–form/?case_id=8433 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 October 31, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about Azure Power's business operations and prospects. Specifically, defendants failed to disclose to investors that: (1) there were procedural irregularities, including deviations from safety and quality standards, at one of Azure Power's plants; (2) certain project data was manipulated; (3) as a result of the foregoing, Azure Power's internal controls and procedures were not effective; (4) Azure Power had received a credible whistleblower report alleging such misconduct; and (5) as a result of the foregoing, defendants' positive statements about Azure Power's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Azure Power class action, go to https://rosenlegal.com/submit–form/?case_id=8433 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


HGEN FINAL DEADLINE NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Humanigen, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important October 25 Deadline in Securities Class Action – HGEN

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Humanigen, Inc. (NASDAQ: HGEN) between May 28, 2021 and July 12, 2022, both dates inclusive (the "Class Period") of the important October 25, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Humanigen 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 Humanigen class action, go to https://rosenlegal.com/submit–form/?case_id=8376 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 October 25, 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, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) lenzilumab was less effective in treating hospitalized COVID–19 patients than defendants had represented; (2) as a result, the U.S. Food and Drug Administration ("FDA") was unlikely to approve the lenzilumab Emergency Use Authorization ("EUA") and the ACTIV–5/BET–B study was unlikely to meet its primary endpoint; (3) accordingly, lenzilumab's clinical and commercial prospects were overstated; and (4) as a result, Humanigen's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Humanigen class action, go to https://rosenlegal.com/submit–form/?case_id=8376 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


Developing Countries Battle Climate Change, While the Wealthy Make Frozen Pledges: Will COP27 Usher a New Era?

Climate change is predicted to put pressure on the Nile Valley and Delta, where about 95% of Egypt's population resides. Credit: Hisham Allam/IPS

Climate change is predicted to put pressure on the Nile Valley and Delta, where about 95% of Egypt’s population resides. Credit: Hisham Allam/IPS

By Hisham Allam
Cairo, Oct 20 2022 – The countdown to the UN Climate Summit COP27, which will take place in Sharm el-Sheikh, Egypt, from November 6 to November 18, has begun.

This summit has drawn the attention of world leaders, high-ranking United Nations officials, and thousands of environmental activists worldwide.

The COP27 summit is an annual gathering of 197 countries to discuss climate change and what each country is doing to limit the impact of human activity on the climate.

About 90 heads of state have confirmed their attendance at the COP27 in Sharm El-Sheikh, according to the special representative of the Egyptian presidency.

Amr Abdel-Aziz, Director of Mitigation at Egypt’s Ministry of Environment, noted that the central theme for COP27 is implementation.

“We hope to demonstrate what that looks like in terms of mitigation and adaptation. If the summit can address the topic of implementation in all of its discussions, it will be a sign of its success,” Abdel-Aziz said.

The primary objective of COP27 is to achieve positive results in terms of emissions reduction; on the agenda is also a discussion of financing losses and damage.

“We also intend to advance the agenda to double climate adaptation financing by 2025 and reach an agreement on the unfulfilled $100 billion financial pledge from developed countries,” Abdel-Aziz told IPS.

The overarching goal is to strike a balance between all parties’ interests. The mitigation program, for example, is primarily driven by developed countries and small island developing states, which are currently experiencing severe climate change impacts.

On the other hand, emerging markets are principally accountable for adjustments, losses, and damages.

“Our goal is to achieve a balanced result that meets all of these goals and objectives,” he continued

“We wanted to cover as much of Egypt’s total emissions as possible,” Abdel-Aziz explains, “So we focused on three sectors: energy, oil and gas, and transportation. We also chose the industries that are most likely to reduce emissions.”

Abdel-Aziz says he is optimistic about meeting the goals, especially in the transport sector, which could even exceed the goals as there has been significant progress including in the area of “transportation electrification and other forms of sustainable mobility.”

The summit’s top priorities are to achieve the Paris Agreement’s goals and progress in the fight against climate change. According to scientific research, limiting global warming to 1.5°C by 2030 requires cutting emissions in half.

“Climate finance must be available for this to occur,” COY 17 Programme Leader Hossam Imam told IPS.

COY17 is an annual event organized by YOUNGO, the Official Youth Constituency of the United Nations Framework Convention on Climate Change (UNFCCC). This year’s event will take place on the sidelines of the 27th Party Summit in Sharm El-Sheikh, Egypt (COP27).

Imam will collaborate with 1,500 young people from 140 countries to draft the youth statement, which will be delivered to the presidency of the Climate Summit and discussed by high-ranking officials.

“The impact of climate change on indigenous peoples and coastal city dwellers who face flooding is one of the most pressing issues to be addressed in COY 17,” Imam said.

Environmental activist Ahmed Fathy told IPS that the most significant obstacle to developing countries achieving their climate goals is a “lack of adequate and adequate financing from developed countries. And, despite years of neglect, adaptation financing remains a top priority for developing countries. Without it, developing countries cannot combat and mitigate the effects of climate change.”

The Nile Valley and Delta, where about 95% of Egypt’s population resides, make up only 4% of the country’s natural area. Climate change is predicted to put pressure on these areas, particularly the Nile, and the region could experience more frequent droughts.

“Egypt is also one of the few nations that actually struggle with water scarcity,” Fathy added.

“Since the world faces several economic issues in addition to the energy crisis, we expect that the conference will produce workable proposals,” said Fathy, the founder of the ‘Youth Love Egypt Association,’ involved in organizing the COY17 conference and the promotion of the COP27. “We expect the summit to produce a workable charter and to be COP for actions rather than COP for pledges.”

IPS UN Bureau Report

 


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Accelerating Post-Pandemic SDG 6 Achievements on Water & Sanitation

Credit: United Nations

By Guillaume Baggio and Manzoor Qadir
HAMILTON, Canada, Oct 20 2022 – Global progress has been staggeringly inadequate against Sustainable Development Goal 6, “clean water and sanitation for all.”

According to the latest SDGs progress assessment, 2 billion people still lack safely managed drinking water, 3.6 billion lack sanitation services, and 3 billion lack basic hygiene services.

Waterborne diseases continue to take a heavy toll on the global community, with hotspots in developing countries most acutely affected.

To address this crisis, the United Nations launched the SDG 6 Global Acceleration Framework in 2020 to fast-track progress. The framework is a roadmap for aligning national policies and financial resources and scaling up action at all levels, but it has two fundamental flaws that need to be addressed.

Impacts of the COVID-19 pandemic

First, the Framework largely overlooks the impacts of the COVID-19 pandemic on the means by which safe drinking water, sanitation, and hygiene services will be provided where needed.

The pandemic badly affected and continues to affect the financial, political, and institutional structures and the social fabric of countries. Debt and inflation in many countries are rising while foreign investment declined by 35 per cent from 2019 to 2021.

The ability to make critical capital improvements has also been drastically affected during the pandemic, causing a delay in completing planned water and sanitation infrastructure and further enfeebling already underfunded services in developing countries.

Global and national financial, political, and institutional structures need to be reshaped, and the social fabric repaired as part of a truly transformative sustainability agenda.

Undervaluing SDGs interlinkages

Second, the SDG 6 Global Acceleration Framework undervalues the potential of strengthening interlinkages across SDGs. While it recognizes the importance of SDG 6 interlinkages, it does not call for systematic change in traditional forms of decision-making in the water and sanitation sector.

The risks of addressing SDGs individually without considering their interlinkages was the subject of warnings early in this global process. Moreover, SDG interlinkages are context-specific and depend on several factors, such as geography, governance, or socio-economic conditions.

The current economic slowdown could push another 263 million people into extreme poverty in 2022 — a number roughly equal to the combined populations of Germany, France, the UK and Spain — further compounding challenges across critical dimensions of sustainable development, such as health, education, gender, and water and sanitation.

Policy coherence is indispensable to sustainable development. A post-pandemic framework for sustainability requires policies that are mutually supportive across multiple sectors. Countries must move on from merely identifying interlinkages between SDGs to strengthening and acting on them.

Two actions to bridge the gaps

The impacts of the COVID-19 pandemic clearly necessitate better coordinated multi-sectoral policies. Next year, UN Member States meet at the UN 2023 Water Conference for the midterm review of the Water Action Decade 2018-2028, an effort to galvanize social, economic, and environmental action.

National decision-makers and development actors need to act on the following recommendations:

1. Prioritizing critical SDG 6 targets in the post-pandemic context. This means reshaping and strengthening today’s inadequate means of implementation and coming to the UN 2023 Water Conference with bold pledges, concentrating resources on bringing drinking water, sanitation, and hygiene services to the most vulnerable people — women and girls, migrants, the urban poor, schools, and hospitals, by 2030.

2. Harnessing the potential of SDGs interlinkages in policies and implementation plans at all levels. Accelerating the achievement of SDG 6 supports many other SDGs, particularly those related to health, education, food, gender equality, energy, and climate change. In the context of scarce financial resources and insufficient capacity, countries can prioritize strongly interlinked SDGs to yield achievements across multiple sectors.

We have seen and heard continuous global commitments to support the necessary conditions for sustainable development. In the post-pandemic context, progress in the water and sanitation sector has a new multifaceted purpose offering a wealth of benefits. It is time to realize them.

Guillaume Baggio is a Research Assistant at the Department of Physical and Environmental Sciences, University of Toronto, and Manzoor Qadir is Assistant Director at the United Nations University Institute for Water, Environment and Health.

UNU-INWEH is supported by the Government of Canada and hosted by McMaster University.

IPS UN Bureau

 


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