LPSN FRIDAY DEADLINE: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages LivePerson, Inc. Investors to Secure Counsel Before Important June 23 Deadline in First Filed Securities Class Action Commenced by the Firm – LPSN

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of LivePerson, Inc. (NASDAQ: LPSN) between May 10, 2022 and March 16, 2023, both dates inclusive (the "Class Period"), of the important June 23, 2023 lead plaintiff deadline in the securities class action filed by the Firm.

SO WHAT: If you purchased LivePerson 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 LivePerson class action, go to https://rosenlegal.com/submit–form/?case_id=13260 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 June 23, 2023. 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 litigate securities class actions. 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 materially false and/or misleading statements and/or failed to disclose that: (1) LivePerson failed to address any material weaknesses with internal controls; (2) LivePerson's third quarter financial statements, ended in September 30, 2022 failed to disclose WildHealth's suspension of Medicare reimbursement; (3) as a result, LivePerson's fourth quarter 2022 revenue would be affected; and (4) as a result, defendants' statements about its 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 LivePerson class action, go to https://rosenlegal.com/submit–form/?case_id=13260 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 or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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


GLOBENEWSWIRE (Distribution ID 8862258)

ROSEN, LEADING INVESTOR COUNSEL, Encourages Icahn Enterprises L.P. Investors to Secure Counsel Before Important Deadline in Securities Class Action – IEP

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Icahn Enterprises L.P. (NASDAQ: IEP) between August 2, 2018 and May 9, 2023, both dates inclusive (the "Class Period"), of the important July 10, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Icahn Enterprises 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 Icahn Enterprises class action, go to https://rosenlegal.com/submit–form/?case_id=16028 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 July 10, 2023. 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 materially false and/or misleading statements and/or failed to disclose that: (1) Icahn Enterprises was inflating its net asset value; (2) Icahn Enterprises was using money taken in from new investors to pay out dividends to old investors; (3) as a result, Icahn Enterprises would become the subject of criminal and/or regulatory scrutiny; and (4) as a result of the foregoing, defendant's positive statements about the Company'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 Icahn Enterprises class action, go to https://rosenlegal.com/submit–form/?case_id=16028 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


GLOBENEWSWIRE (Distribution ID 8862236)

ROSEN, A LEADING NATIONAL FIRM, Encourages Tingo Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TIO

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Tingo Group, Inc. (NASDAQ: TIO) between December 1, 2022 and June 6, 2023, both dates inclusive (the "Class Period"), of the important August 7, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Tingo 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 Tingo class action, go to https://rosenlegal.com/submit–form/?case_id=16856 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 August 7, 2023. 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 litigate 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) Tingo overstated its revenue and other accounting metrics, creating a false impression of success; (2) Tingo was not meaningfully engaged in many of the business activities that it claimed would drive future growth; (3) many of Tingo's supposed contracts with customers and suppliers did not exist; and (4) in light of the above, defendants' positive statements about Tingo'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 Tingo class action, go to https://rosenlegal.com/submit–form/?case_id=16856 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


GLOBENEWSWIRE (Distribution ID 8862277)

Global Community Celebrates Medical Innovations and Milestones Since Defining Leprosy Discovery 150 Years Ago

Yohei Sasakawa, WHO’s Goodwill Ambassador for Leprosy Elimination, speaks at the two-day Bergen International Conference on Hansen’s Disease. The conference coincided with the 150th anniversary of the discovery of Mycobacterium leprae by Norwegian doctor Gerhard Armauer Hansen. Credit: Thor Brødreskift/Sasakawa Leprosy (Hansen’s Disease) Initiative

Yohei Sasakawa, WHO’s Goodwill Ambassador for Leprosy Elimination, speaks at the two-day Bergen International Conference on Hansen’s Disease. The conference coincided with the 150th anniversary of the discovery of Mycobacterium leprae by Norwegian doctor Gerhard Armauer Hansen. Credit: Thor Brødreskift/Sasakawa Leprosy (Hansen’s Disease) Initiative

By Joyce Chimbi
NAIROBI, Jun 22 2023 – The 1873 discovery of Mycobacterium leprae, the causative agent of leprosy by Norwegian doctor Gerhard Armauer Hansen, remains one of the greatest paradigm shifts in medical history, a true revolution.

“Before the great discovery, even in the days when communication and transportation technologies were not as developed as today, leprosy was detested by the entire world. Leprosy was believed to be a divine punishment or a hereditary disease; once affected, patients were segregated to remote areas and islands for life,” says Yohei Sasakawa, WHO’s Goodwill Ambassador for Leprosy Elimination.

Sasakawa, who also serves as chairperson of The Nippon Foundation, spoke during a two-day conference in Bergen, Norway, to commemorate the 1873 discovery. In attendance were over 200 people, including medical, human rights, and historical preservation experts, researchers, NGOs, and organizations of persons affected by the disease.

The Bergen International Conference on Hansen’s Disease, held on June 21 and 22, 2023, was organized by the Sasakawa Leprosy (Hansen’s Disease) Initiative and the University of Bergen. It focused on medical efforts against leprosy, human rights, and dignity issues and preserving the history of leprosy for the lessons it can teach future generations. All three are pillars of the Sasakawa Leprosy (Hansen’s Disease) Initiative’s activities for a world free of leprosy and the discrimination it causes, in line with the UN’s Resolution on Elimination of discrimination against persons affected by leprosy and their family members.

In his speech to delegates, Sasakawa acknowledged the extraordinary advances made by medical professionals since Dr Hansen’s discovery that leprosy was neither a curse nor a punishment from God but a chronic disease caused by a bacillus.

With the 1873 discovery, leprosy went from being a mythological divine disease shrouded in mystery to something one could observe and explain—although it would take more than half a century before a cure was found.

Delegates at the Bergen International Conference on Hansen’s Disease held on June 21 and 22, 2023. The conference was organized by Sasakawa Leprosy (Hansen’s Disease) Initiative and the University of Bergen. Credit: Thor Brødreskift/Sasakawa Leprosy (Hansen’s Disease) Initiative

Delegates at the Bergen International Conference on Hansen’s Disease held on June 21 and 22, 2023. The conference was organized by the Sasakawa Leprosy (Hansen’s Disease) Initiative and the University of Bergen. Credit: Thor Brødreskift/Sasakawa Leprosy (Hansen’s Disease) Initiative

Margareth Hagen, Rector, University of Bergen, said there was a clear shift in the scientific discourse about leprosy before and after the discovery.

Sasakawa said the journey towards a cure started with a single anti-leprosy drug to more effective drug regimens and, ultimately, a recommendation from WHO’s medical team that leprosy patients receive drug regimens consisting of multiple drugs.

“A single anti-leprosy drug tended to increase drug resistance. Since the development of multi-drug therapy, with early detection and treatment, leprosy has become totally curable. About 60 million patients have been cured over the last 40 years,” he said.

Abbi Patrix, the great-grandson of Dr Hansen, now responsible for his great grandfather’s history, spoke about the man behind the science in a session titled, ‘My grandfather, my mother, the documents and me.’

Patrix, a European performance storyteller, talked about the day his mother, the only direct descendant of Dr Hansen at the time, learned that leprosy was named Hansen’s disease after her grandfather.

She was moved and wondered why? His mother was informed that Dr Hansen’s discovery had put a name to a disease that had confounded scientists and society alike and that labeling it ‘Hansen’s disease’ meant freedom for those afflicted because a cure could now be found.

The conference venue was, therefore, a recognition of his renowned great-grandfather because he was born in Bergen, and this was the site for his landmark 1873 discovery at only 32 years of age.

WHO Director-General Dr Tedros Adhanom Ghebreyesus told the audience: “WHO was born halfway between 1873 and today, 75 years ago. Much progress has been made since the two major milestones in the fight against leprosy. But much remains to be done toward our shared goals of zero disease, zero disability, and zero discrimination. Cases of leprosy have decreased significantly in recent decades, but more effort is needed to recover from the health system disruptions of the COVID-19 pandemic and move further ahead.”

Ghebreyesus said the WHO was committed to supporting countries in their bid to eliminate leprosy in line with the roadmap for neglected tropical disease for 2021 to 2030.

“So far, 49 countries have eliminated at least one neglected tropical disease, including Human African trypanosomiasis, rabies, and trachoma. With your support and those of our global partners, we can achieve that goal for leprosy too.”

Other dignitaries who spoke at the conference include United Nations High Commissioner for Human Rights Volker Türk, who said the conference celebrated medical innovations over the last 150 years.

“But when leprosy was eliminated as a global public health problem in 2000, it did not mean that the disease disappeared. Over 250,000 people suffer from leprosy every year, 15,000 of them are children. The actual figures are likely far higher,” he emphasized.

“Around three to four million people who have already been cured still bear varying degrees of impairment. The burden of leprosy is heaviest in countries with the greatest inequality, poverty, and marginalization.”

Türk further said that to better the lives of people affected by leprosy, “We need to address the physical symptoms, but we also need social and behavioral measures to address stigma and discrimination. We need comprehensive strategies with access to quality care, education, and social protection,” and told participants that “together we can make a real difference in ending leprosy, which causes immense preventable and unjustifiable suffering for thousands of people.”

Against this backdrop, Sasakawa stressed that further action is needed to combat stigma and discrimination, pointing out that as many as 130 discriminatory laws against leprosy are still in place in more than 20 countries.

“When respect for human rights is a must, it is unacceptable to leave such a large-scale and serious human rights violation unaddressed,” he said.

As the curtain fell on the Bergen conference of a remarkable journey to end leprosy over the last 150 years, Dr Takahiro Nanri, executive director of Sasakawa Health Foundation, noted that this was the third international conference that the foundation has helped to organize since launching its “Don’t Forget Leprosy” campaign in 2021 to help to ensure that the disease and those affected by it are not overlooked amid the coronavirus pandemic.

“Our purpose in organizing these conferences is to make the world aware that there are still many people who have Hansen’s disease and its consequences; to build momentum for collaboration toward the realization of a leprosy-free world; and to provide a setting for both formal and informal exchanges that can be a catalyst for innovative solutions that we as a foundation are ready to support,” he said.

IPS UN Bureau Report

 


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ROSEN, TRUSTED AND TOP RANKED INVESTOR COUNSEL, Encourages Charles River Laboratories International, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CRL

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Charles River Laboratories International, Inc. (NYSE: CRL) between May 5, 2020 and February 21, 2023, both dates inclusive (the "Class Period"), of the important July 18, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Charles River 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 Charles River class action, go to https://rosenlegal.com/submit–form/?case_id=12403 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 July 18, 2023. 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) Charles River had engaged in illegal activity with respect to its importation of non–human primates for research; (2) as a result, Charles River was at a heightened risk of criminal and regulatory investigation by, inter alia, the U.S. Department of Justice ("DOJ"); (3) as a result, Charles River would be forced to suspend shipments of primates from Cambodia; and (4) as a result of the foregoing, defendants' positive statements about Charles River'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 Charles River class action, go to https://rosenlegal.com/submit–form/?case_id=12403 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


GLOBENEWSWIRE (Distribution ID 8862237)

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages DZS Inc. Investors with Losses to Secure Counsel Before Important Deadline in First Filed Securities Class Action Commenced by the Firm – DZSI

NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DZS Inc. (NASDAQ: DZSI) between March 10, 2023 and May 31, 2023, both dates inclusive (the "Class Period"), of the important August 14, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased DZS 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 DZS class action, go to https://rosenlegal.com/submit–form/?case_id=16915 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 August 14, 2023. 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 litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) DZS' financial statements from March 31, 2023 to the present contained certain errors; (2) as a result, DZS would need to restate its previously filed quarterly financial statement for the period ending March 31, 2023; (3) the Company had ongoing undisclosed issues with its internal controls over financial reporting; and (4) as a result, defendants' statements about its 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 DZS class action, go to https://rosenlegal.com/submit–form/?case_id=16915 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 or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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


GLOBENEWSWIRE (Distribution ID 8862255)

Zoom Scheduler, now generally available, allows users to align calendars with clients and contacts quickly and easily

SAN JOSE, Calif., June 21, 2023 (GLOBE NEWSWIRE) — Today, Zoom announced general availability for its new Zoom Scheduler tool and the extension of the free signup period. Zoom Scheduler makes finding the perfect meeting time easier by sharing availability for others to conveniently book appointments.

"We heard again and again from our customers that they were looking for a convenient way to book appointments without leaving the Zoom platform," said Joseph Chong, Head of Product, Solutions, and Industry Marketing, Zoom. "With Zoom Scheduler, they can. Based on positive feedback, we will be offering Zoom Scheduler for free for anyone to try for one more month."

Zoom is known for simplifying collaboration tools, and its latest product has taken on everyone's least favorite meeting task: aligning calendars. Sharing availability windows back and forth manually takes up valuable time and adds more friction to a workday. Meeting with potential customers or clients often compounds this problem, as external participants lack visibility into one another's calendars. Zoom Scheduler allows hosts to generate windows of availability that others can use to book appointments. With Zoom Scheduler, users will be able to grow their businesses faster and get more done so they can spend more time on what matters: preparing for the meeting or taking a break.

Get together with Zoom Scheduler

Now generally available, Zoom Scheduler places a meeting on the host's calendar with a Zoom Meetings link already included, saving both participants time. Hosts can use their preferred calendar: Zoom Scheduler works seamlessly with Zoom Meetings and Zoom Mail and Calendar and integrates with both Google Calendar and Microsoft 365.

Features of Zoom Scheduler include:

  • Ability to schedule one–on–one meetings or one–to–many group meetings and specify how many people can attend any available slot.
  • Choose recurring availability or custom availability for one–off meetings.
  • Generate slots of availability when any or all team members are available.
  • Automate and customize email notifications.
  • Collect preferred information during the attendee booking process.

Beta customers love how Zoom Scheduler saves time and consolidates meeting scheduling where it makes the most sense: in the middle of the communication platform they know and love.

"Zoom Scheduler offers an easy, no–effort integration with the rest of the Zoom platform," said Gabe Moronta, Visla. "It has all the features, settings, and capability I need."

Zoom Scheduler integrates with Zoom Calendar, which has become a resource for meetings both before and after. Zoom Calendar offers a sidebar view alongside the Zoom desktop client, so attendees can maximize their time by seeing if others have joined the meeting yet. After the meeting, shared files live in the Calendar invite for future reference.

Free and paid Zoom users can try out Zoom Scheduler for free anytime before July 19, 2023. On July 20, 2023, Scheduler will be available as an add–on for purchase for $5.99/month per user on Zoom's website (add to any existing legacy Zoom plan or Zoom One plan), and will be included in the Zoom One Business Plus and Enterprise Plus plans.

About Zoom
Zoom is an all–in–one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

Zoom Public Relations
Lacretia Taylor
press@zoom.us


GLOBENEWSWIRE (Distribution ID 8862086)

James Absalom Elevated to Chief Commercial Officer – International at ZRG

LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — ZRG Partners, a leading global talent firm backed by private equity firm RFE Investment Partners, today announced the promotion of London–based executive James Absalom to the position of Chief Commercial Officer "" International.

Absalom became part of ZRG when his previous firm that he founded as CEO in 2015, Walter James, was acquired in December 2021. In that time, revenues with the Walter James division have increased 23%. He has worked across numerous client verticals, including Consumer & Retail, Life Science, Industrial, Financial Services, Sustainability and Technology. His client portfolio includes global entities like Colgate–Palmolive, Gruppo Campari, SC Johnson, Unilever, Haleon, and Imperial Brands as well as numerous private equity and privately owned high growth organizations.

"James will be responsible for maximizing growth across all our business lines, including executive search, DEI, interim management, leadership & assessment consulting, and recruitment process outsourcing (RPO) and showcase our truly collaborative, end–to–end talent advisory firm," said Larry Hartmann, CEO of ZRG. "We are confident he will help us grow our business practices all across the globe."

In his new role, Absalom will oversee growth of ZRG's international footprint in Latin America, Europe, the Middle East, Asia Pacific, and Australia. In keeping with ZRG's M&A focused growth strategy, he will also work closely with the board to identify, acquire, and integrate M&A targets internationally.

"I am excited to take on this newly created leadership role at ZRG Partners to grow our global client base," Absalom said. "I am working with practice leaders, senior partners, and others throughout our worldwide network to provide best in class functional, geographical and sector expertise to ensure we can offer clients both a global footprint but also local partnership. My plan is to ensure we build long lasting, impactful, and value–driven business results where we focus on matching the right executives to the unique culture of our clients."

Absalom will also continue to fulfil his senior partner role by originating and leading large searches across the C–Suite, managing his own clients, and bringing people in to grow the firm's client base and business lines.

ZRG's new Chief Commercial Officer's experience includes working with complex global organizations in senior leadership positions that require both change and transformation.

Founded in 1999, ZRG, is one of the fastest growing global executive search firms in the search industry. With the financial backing of private equity investor RFE Investment Partners, ZRG provides a full suite of executive, middle–management, and customized search solutions through its offices in North America, Europe, South America, and Asia. The firm finds leaders across a broad spectrum of business markets, including aerospace, consumer, education, healthcare services and solutions, industrial, life sciences, non–profit, private equity and venture capital, and technology.

Contact: John Mooney, Over the Moon PR, (908) 720–6057, john@overthemoonpr.com.


GLOBENEWSWIRE (Distribution ID 8861627)

Mexico Needs to Step Up Treatment and Reuse of Water to Address Crisis

The expansion towards the mountains of the coastal city of Ensenada, in the northwestern Mexican state of Baja California, stresses the water supply, which is scarce in this peninsular region due to its arid nature and deficiencies in water management. CREDIT: Emilio Godoy/IPS

The expansion towards the mountains of the coastal city of Ensenada, in the northwestern Mexican state of Baja California, stresses the water supply, which is scarce in this peninsular region due to its arid nature and deficiencies in water management. CREDIT: Emilio Godoy/IPS

By Emilio Godoy
ENSENADA, Mexico , Jun 21 2023 – At the entrance to the coastal city of Ensenada in the northwestern Mexican state of Baja California a sign reads: “Every drop matters to us. Take care of the water.”

The message is important, as the city faces shortages due to hoarding by agricultural producers and builders, as well as the drought that has become more severe because of the effects of the climate emergency.”There is enough water, but there is hoarding. We consume a lot. It is a question of management. Consumption can be moderated, there are experiences around the world in this regard.” — Adrián González

But cities such as Ensenada, which has a population of 443,000 and is located 2,883 kilometers from Mexico City, do not take sufficient advantage of the reuse of water, a technique that along with other measures can contribute to the fight against the water shortage at a time when Mexico is suffering from intense drought and an unusual heat wave.

Independent expert Adrián González said a conventional focus on obtaining water that ignores improvements in its use continues to prevail.

“There is enough water, but there is hoarding. We consume a lot. It is a question of management. Consumption can be moderated, there are experiences around the world in this regard,” he told IPS.

Demand exceeds supply, and supply cuts and overexploited sources dry up the water supply. The delivery and sale of water in “pipas” or tanker trucks is a common sight in Ensenada, located in an arid region between the Pacific Ocean and the mountains.

Due to the overexploitation of the aquifers and the growing demand, Ensenada is suffering from a deficit, so long-term solutions are urgently needed.

Consumption stands at about 1,000 liters per second (l/s), which should increase to about 1,260 in 2030, while supply totals about 800 l/s, according to the State Water Commission, the government agency responsible for water resource management in Baja California, on the peninsula of the same name, bordering the United States.

While installed capacity and treatment are on the rise, a widespread problem lies in the historical lack of efficiency and maintenance of facilities, which limits the scope of the available technologies.

In 2021, coverage reached 67.5 percent of the wastewater generated and collected in the municipal sewage systems of this Latin American country, just a few tenths more than the previous year, according to data from the National Water Commission (Conagua).

Treated water can be used for agricultural irrigation, gardening, domestic and industrial uses, and can help recharge aquifers.

Local water agencies can undertake aquifer recharge projects, but incentives for doing so are needed. In fact, the legal framework does not stipulate recovery rights for reused water, which falls under the general jurisdiction of Conagua.

 

The El Naranjo municipal treatment plant in the city of Ensenada, in the northwestern peninsular state of Baja California, is operating below its installed capacity, which is further affecting the distribution of scarce water in the city. CREDIT: Conagua

The El Naranjo municipal treatment plant in the city of Ensenada, in the northwestern peninsular state of Baja California, is operating below its installed capacity, which is further affecting the distribution of scarce water in the city. CREDIT: Conagua

 

Mexico, with a population of 128 million inhabitants spread over an area of 1.96 million square kilometers, is facing increasing water stress, ranking 24th among the countries in the world with this phenomenon, caused by overexploitation, pollution, scarcity and inequity in access to water.

In 2021, 2,872 water reuse plants were operating in Mexico – three percent more than the previous year-, with an installed capacity of 198,603 l/s and a treated flow of 145,341 l/s, just 0.5 percent above the 2020 level.

The northern state of Sinaloa has the largest number of plants (311), followed by Durango also in the north (241) and neighboring Chihuahua (195). Despite their water needs, those with the smallest number of plants are the southeastern state of Campeche and the northern state of Coahuila (27 each), which furthermore operate below capacity.

There are 44 plants operating in Baja California, with an installed capacity of 7692 l/s and a performance of 6222. At the same time, 14 of the 48 groundwater reservoirs in the state, including the Ensenada reservoir, suffer shortages because annual extraction exceeds renewal.

Regional and federal authorities have resorted to seawater desalination in the state, but it only refines about 130 l/s, out of a capacity of 250.

Martín Zepeda, founder of the non-governmental Citizens’ Water Commission, criticized the measures applied so far in the reuse of water.

“We have only achieved palliative measures. We have been suffering from the same problems for 30 years,” he stressed.

 

The coastal city of Ensenada in the northwestern Mexican state of Baja California depends on aquifer extraction, seawater desalination and the transfer of water from the state of Tijuana, also on the U.S. border, as not enough water is reused. CREDIT: Emilio Godoy/IPS - Mexico, with a population of 128 million inhabitants spread over an area of 1.96 million square kilometers, is facing increasing water stress, ranking 24th among the countries in the world with this phenomenon, caused by overexploitation, pollution, scarcity and inequity in access to water

The coastal city of Ensenada in the northwestern Mexican state of Baja California depends on aquifer extraction, seawater desalination and the transfer of water from the state of Tijuana, also on the U.S. border, as not enough water is reused. CREDIT: Emilio Godoy/IPS

 

Baby steps

In another northern state, in the east, Nuevo León, reuse is showing signs of success, but more progress is needed.

Antonio Hernández, a researcher with the non-governmental organization Pronatura Noreste, stressed to IPS the need for treated water infrastructure.

“We don’t have a sufficient network to distribute the treated water available. In 2022, when the water shortage crisis began, the agency responsible instructed the municipalities to buy treated water and thus take pressure off the groundwater,” he told IPS from Monterrey, Nuevo León’s capital.

“The transfer was to be by truck. But it did not happen, because the municipalities did not buy the water nor did the government build the distribution network. Availability does not mean accessibility,” he said.

In 2022, Nuevo León, especially greater Monterrey with a population of more than five million people, faced a severe water crisis.

As a result, the authorities resorted to supply cuts, rate hikes, anti-waste fines and awareness campaigns on water usage.

In that state, 13 of the 24 aquifers are overexploited, including the one outside of Monterrey proper.

The population of Monterrey drinks about 16,000 l/s, which results in a deficit of about 3,000 l/s. That means the 56 treatment plants are insufficient, managing 12,387 l/s, compared to an installed capacity of 16,162 l/s.

 

Mexico does not take sufficient advantage of wastewater reuse, which can be used to recharge aquifers, for consumption in industrial facilities, for agricultural irrigation or for urban use. Pictured is a fountain in a park in a neighborhood in south-central Mexico City. CREDIT: Emilio Godoy/IPS - Mexico, with a population of 128 million inhabitants spread over an area of 1.96 million square kilometers, is facing increasing water stress, ranking 24th among the countries in the world with this phenomenon, caused by overexploitation, pollution, scarcity and inequity in access to water

Mexico does not take sufficient advantage of wastewater reuse, which can be used to recharge aquifers, for consumption in industrial facilities, for agricultural irrigation or for urban use. Pictured is a fountain in a park in a neighborhood in south-central Mexico City. CREDIT: Emilio Godoy/IPS

 

Half-hearted measures

Despite the problems faced by the plants, the Federal Attorney General’s Office for Environmental Protection (Profepa) only inspected four municipal facilities, most of them private, in 2016 in Baja California, where it found “minor irregularities” and charged fines in three, according to a public information request filed by IPS.

In Mexico City, only two were inspected – in 2018 and in 2022 – and minor irregularities were found in one private municipal plant, although it was not fined. In 2018, Profepa visited four plants in Nuevo León in which it found minor irregularities.

In total, Profepa inspected a total of 330 plants, including 50 in the western state of Jalisco and 33 in the northern state of Chihuahua. Of that total, it found minor irregularities in 234, and none in 69.

 

Focus on pipes and little else

The generalized view is the conventional one of promoting the construction of infrastructure to face the crisis, without addressing the scarcity of water resources.

The current Mexican government boasts that it is promoting 15 water projects, such as the construction of dams, aqueducts and treatment plants, mainly in the north of the country to combat the crisis.

In places like Ensenada, the outlook is no different.

Over the next few years, the State Water Commission foresees the expansion of the desalination plant, the modernization of an aqueduct, the rehabilitation of five treatment plants, the delivery of treated water to the agricultural zone, and the rehabilitation of pumping plants and wells.

Despite the situation, the Baja California state government is just now drafting its water plan for the 2022-2027 period.

In Nuevo León, authorities announced the digging of more wells, the construction of the Libertad dam, the El Cuchillo II Aqueduct and four treatment plants, as well as the modulation of pressure to reduce waste.

The Libertad dam will have a capacity of 1,500 l/s, at a cost of some 350 million dollars. Meanwhile, the aqueduct will transport 5,000 l/s, thanks to an investment of some 495 million dollars.

Mexico has also benefited from international financing for water projects. Since 1997, the North American Development Bank has financed 27 water and sanitation projects in Baja , in addition to three in Nuevo León since 2001.

 

The Norte treatment plant in the Mexican state of Nuevo León seeks to promote water reuse for automobile assembly, urban and agricultural activities in an area that experienced a severe water crisis in 2022. CREDIT: Conagua - Mexico, with a population of 128 million inhabitants spread over an area of 1.96 million square kilometers, is facing increasing water stress, ranking 24th among the countries in the world with this phenomenon, caused by overexploitation, pollution, scarcity and inequity in access to water

The Norte treatment plant in the Mexican state of Nuevo León seeks to promote water reuse for automobile assembly, urban and agricultural activities in an area that experienced a severe water crisis in 2022. CREDIT: Conagua

 

Its financing of a 6.8 million dollar wastewater management initiative in the city of Mexicali is currently under public consultation.

In addition, the U.S.-Mexico binational financial institution is backing the issue of a 150 million dollar green bond for water projects.

The experts consulted proposed several measures, such as awareness campaigns, water reuse, and leak repair.

González, the independent expert, said the combination of reuse and efficiency offers very low costs and promising results.

“There is not going to be just one single solution. Fate is going to catch up with us. We can’t continue following strategies that have never worked and that have been exhausted,” he argued.

Zepeda, the water activist, also suggested the creation of a citizen water commission to audit the operation of the system.

“The situation is not going to improve until availability and uses are corrected. It is a combination of water sources and activities. We need long-term solutions,” he said.

Meanwhile, Hernández the researcher proposed a revision of zoning and land use plans to address the construction of neighborhoods, golf courses and vehicle assembly plants, to promote the efficient use of water.

If Current Trends Continue, World’s Poor may not Achieve a Single Development Goal by 2030

By Thalif Deen
UNITED NATIONS, Jun 21 2023 – When the 193-member General Assembly adopted the 2030 Agenda for Sustainable Development back in September 2015., it was aimed at transforming the world into an idealistic state of peace and economic prosperity.

But eight years later, most of the world’s low-income countries (LICs) have been struggling to achieve even a single goal, including the two key targets: the eradication of extreme poverty and hunger by 2030.

In a new report released June 21, the United Nations has singled out some of the key achievers—the top five, among the world’s high-income countries (HICs), which are led by Finland, and followed by Sweden, Denmark, Germany and Austria.

European countries continue to lead in the SDG Index – holding the top 10 spots -– and are on track to achieve more targets than any other region, with Denmark, Czechia, Estonia, Latvia, and the Slovak Republic as the top five countries that have achieved or are on track to achieving the largest number of SDG targets this year.

By contrast, Lebanon, Yemen, Papua New Guinea, Venezuela, and Myanmar have the largest number of SDG targets moving in the wrong direction

The findings are listed in the 2023 Sustainable Development Report (SDR) and Index, which ranks the performance of all 193 UN Member States on the Sustainable Development Goals (SDGs) and is produced by the UN Sustainable Development Solutions Network (SDSN).

There is a risk that the gap in SDG outcomes between HICs and the LICs will be larger in 2030 than when the goals were universally agreed upon in 2015, warns the report

    • Based on the current pace of progress since 2015, none of the goals will be achieved by 2030, and on average, less than 20% of the SDG targets are on track to be achieved.
    • Government effort and commitment to the SDGs is too low, and notably, LICs and LMICs (low middle income countries) obtained a higher average score than HICs on political and institutional leadership for the SDGs.
    • Among the G20 countries, average scores range from more than 75 percent in Indonesia to less than 40 percent in the Russian Federation and the United States.
    • Argentina, Barbados, Chile, Germany, Jamaica, and Seychelles obtained the highest score on a new pilot index for their efforts to promote multilateralism, yet no country obtains a perfect score.

    The report includes the first pilot index of multilateralism that captures the overarching dimensions of support for multilateralism and comparisons of countries, including countries’ efforts to promote and preserve peace, percentage of UN treaties ratified, international solidarity and financing, membership in select UN organizations, and the use of unilateral coercive measures among other indicators.

    Argentina, Barbados, Chile, Germany, Jamaica, and Seychelles obtained the highest score for their efforts to promote multilateralism, yet no country obtains a perfect score.

The report was released just ahead of the June 22-23 International Summit for a New Global Financing Pact in Paris hosted by French President Emmanuel Macron.

As the UN nears the mid-point of the SDGs and ahead of the Paris Summit, the report provides timely insights on the chronic shortfalls of SDG financing to developing and emerging economies and offers six priorities for reform of the Global Financial Architecture.

The report also features a new pilot Index that gauges countries’ support for multilateralism and a new Index to track government efforts and commitments to the SDGs.

Despite the grim news, the report demonstrates that while the world is off track at the mid-point of the SDGs, now is the time for countries to double down on SDG progress by endorsing deep reform of the global financial architecture and implementing the SDG Stimulus to close the significant financing gap facing developing and emerging countries.

Professor Jeffrey D. Sachs, President of the SDSN and a lead author of the report, says half way to 2030, the SDGs are seriously off track – with the poor and highly vulnerable countries suffering the most.

“The international community should step up at this month’s Summit for a New Global Financing Pact in Paris, and at the key upcoming multilateral meetings, including the G20 meeting in New Delhi, the SDG Summit New York in September, and COP28 in Dubai, to scale-up international financial flows based on SDG needs”.

“It would be unconscionable for the world to miss this opportunity, especially for the richest countries to evade their responsibilities. The SDGs remain fundamental for the future we want.”

Providing a critical analysis of the new report, Jens Martens, Executive Director of Global Policy Forum Europe, based in Bonn, told IPS the SDSN report brings no surprises.

That the world is not on track to achieve the SDGs was already noted by the Global Sustainable Development Report 2023, the UN Secretary-General’s SDG Midterm Report, and many other civil society Spotlight Reports before.

However, the message that the SDSN Report conveys with the SDG Index is absolutely misleading, he pointed out.

“It suggests that the Western industrialized countries at the top of the ranking are on the right development path. But this is only because it ignores the negative externalities of their consumption and production patterns and their economic and financial policies. For good reasons, SDSN has therefore also developed a Spillover Index, but this merely complements the SDG Index,” he noted.

The emphasis on the SDG Index, with its positive ranking of Western industrialized countries, sends the wrong political message, said Martens.

“To reduce growing global inequalities, governments in the UN must address the structural causes of these inequalities”.

First and foremost, he argued, this requires fundamental reforms in the global financial architecture. The SDG Summit 2023, the Summit of the Future 2024, and the Fourth FfD Conference 2025 provide pivotal opportunities to initiate these reforms, he declared.

Chee Yoke Ling, Executive Director, Third World Network, Malaysia, told IPS the 2030 Sustainable Development Agenda with its 17 SDGs has fallen victim to the failure of means of implementation – new and additional financing as well as appropriate technology transfer to developing countries.

“We see the same fate for the climate and biodiversity treaties”.

At the same time, she said, the barriers in the external environment have worsened. “So, we see alarming debt burdens because the international financial architecture remains stacked against developing countries, while public funds and governments are pushed to take on a “de-risking” role to shore up private creditors”.

Look beyond, she said, the buzz of the World Bank’s Evolutionary Roadmap and the Macron New Global Financing Pact and “we see a fundamentally similar and even stronger set of policies and measures to maintain the status quo and further subject countries to financing sources beyond public control.

Meanwhile middle-income countries and even LDCs are faced with private creditors who refuse to do their part in debt reduction, and G7 governments do not want to rein them in either.

Trade protectionism is also rearing its head. The roll-out of the EU’s carbon border adjustment mechanism has raised alarms. In the name of a green transition for Europe, this new carbon border tax CBAM will directly impact Sub-Saharan Africa that relies heavily on exports of fossil fuels, minerals and metals that are carbon intensive, she pointed out.

Studies show that African countries will be highly exposed to the CBAM since 26% of continental trade was with the EU, while only 2.2% of the EU’s trade was with Africa.

The CBAM could reduce Africa to EU exports by up to 5.7%, based on current carbon prices. This may have the effect of reducing Africa’s GDP by about $16 billion at 2021 levels.

“Without clean technologies being shared with Africa, the EU’s new tax penalizes those countries that are already under increasing debt burden”.

IPS UN Bureau Report

 


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