EB5 Capital Receives I-956F Approvals for San Luis Obispo Marriott Hotels (JF31) and SouthFace Village at Okemo (JF36) Projects

WASHINGTON, May 30, 2024 (GLOBE NEWSWIRE) — EB5 Capital is pleased to report that its San Luis Obispo Marriott Hotels (JF31) project and SouthFace Village at Okemo (JF36) project were both approved by the United States Citizenship and Immigration Services (USCIS) in May 2024. Since the EB–5 Reform and Integrity Act of 2022 (RIA) was enacted, EB5 Capital has obtained Form I–956F project approvals across a total of nine EB–5 projects.

These Form I–956F approvals signify that USCIS, the government agency that oversees the EB–5 Immigrant Investor Program, has assessed, and verified the compliance of the EB–5 project. An I–956F project approval is also required prior to USCIS adjudicating individual I–526E petition approvals, the application for a foreign investor to secure conditional permanent residency in the United States.

“We are happy to see more of these project approvals come through, especially on our first rural deal in this post–RIA landscape,” said Brian Ostar, President of EB5 Capital. “SouthFace Village at Okemo is an exciting project, and we are confident its development is going to further enhance the local Okemo Mountain community and its year–round activities in central Vermont.”

SouthFace Village at Okemo (JF36) is a for–sale luxury ski–in and ski–out residential development on the southeast face of Okemo Mountain Resort in Ludlow, Vermont. As a rural Targeted Employment Area (TEA), this project qualifies for priority processing with USCIS. The recent Form I–956F project approval was granted within six months after the application was filed.

San Luis Obispo Marriott Hotels (JF31), the other EB5 Capital project recently approved by USCIS, is a four–story Marriott dual–branded Residence Inn and SpringHill Suites hotel in San Luis Obispo, California. The project is designated as a high unemployment TEA and was one of EB5 Capital’s first EB–5 raises under the new EB–5 legislation. Both JF36 and JF31 are currently under construction and are expected to generate over 1,300 jobs in total.

Now that both projects are approved with USCIS, EB5 Capital is looking forward to receiving individual I–526E petition approvals soon. The firm will continue to track the remainder of the construction process and support its investors with the completion of their immigration journey to the United States.

About EB5 Capital

EB5 Capital provides qualified foreign investors with opportunities to invest in job–creating commercial real estate projects under the United States Immigrant Investor Program (EB–5 Visa Program). Headquartered in Washington, DC, EB5 Capital’s distinguished track record and leadership in the industry has attracted investors from over 75 countries. As one of the oldest and most active Regional Center operators in the country, the firm has raised over $1 billion of foreign capital across approximately 40 EB–5 projects. 100% of our investors’ funds are protected by the Federal Deposit Insurance Corporation (FDIC) insurance prior to their deployment into our projects. Please visit www.eb5capital.com for more information.  

Contact:
Katherine Willis
Director, Marketing & Communications
media@eb5capital.com


GLOBENEWSWIRE (Distribution ID 9146250)

Plastic Soup, Plastic Islands: How Small Island Developing States can end Plastic Pollution

If not stopped, the annual flow of plastic into the ocean will nearly triple by 2040, to 29 million metric tonnes per year, 50 kilgrammes of plastic for every metre of coastline worldwide. Credit: UN Development Programme (UNDP)

By Sulan Chen, Inka Mattila and Vera Hakim
UNITED NATIONS, May 30 2024 – Scattered over the vast area of our oceans, Small Island Developing States (SIDS) are often pictured as blue, serene and beautiful paradises. However, we are risk losing the beauty of these islands, due to the triple threats of climate change, loss of biodiversity, and pollution, especially marine plastic debris.

If business continues as usual, the annual flow of plastic into the ocean will nearly triple by 2040, to 29 million metric tonnes per year, equivalent to 50 kilogrammes of plastic for every metre of coastline worldwide. Soon, the ocean will turn into plastic soup, and islands will be covered in, and surrounded by, plastic waste.

Despite their small land areas, some SIDS have identified themselves as large ocean states due to their large exclusive economic zones. Their economies are dependent on fisheries, aquaculture and tourism. They contribute to less than two percent of mismanaged plastic waste, yet are disproportionately impacted by both land- and sea-based plastic waste through leakage at every point along a plastic production and supply chain. Washing far ashore from where the waste is generated, plastic waste ends up on the coastlines of SIDS and in our food supply.

Lack of land often means waste is often burned or dumped into the sea. Most islands do not have waste management facilities. Waste management has become a complicated issue. SIDS’ remote locations constitute a significant challenge in organizing inter-island logistics, and limited resources lead to bigger challenges regarding the management of plastic litter.

Many plastic products, especially single use packaging, cannot be recycled due to the additives and variety of plastics, the prohibitively high cost of sorting and collection, and the low cost of new plastics. The first measure is to identify what is of essential use and eliminate problematic and unnecessary plastics.

A national multi-stakeholder process should be established to assess the status of plastics consumption, backed up with solid scientific data and analysis. National policies should ban the import of certain problematic materials based on scientific assessment and public consultations. Field experience evidence has demonstrated the effectiveness of grass-root initiatives both for community level awareness building and for circular economy initiatives.

Given the challenges of recycling in SIDS, it is essential to use less plastics to reduce the burden of waste management. Ecological alternatives using traditional materials can be promoted. Eco-design should be piloted and scaled up to focus on reducing environmental impact at every step of a product’s life cycle that designs out toxins or promotes reuse/refill and recyclability.

Governments can provide subsidies, tax credits, and other incentives to remove market barriers for the adoption of ecological alternatives and eco-design products, and to promote circular economy initiatives.

Small island economies dependent on the health of oceans, for fisheries, aquaculture and tourism and their ecosystems and economies are particularly vulnerable to plastic pollution. Credit: UNDP

Most SIDS import plastics from overseas, but the post-consumer products and waste are not shipped out, which makes accumulation of plastic waste unavoidable. As SIDS do not have the facilities and capacity for recycling, policies should be developed to ensure exporters of materials to SIDS to take post-consumer products back for recycling.

Governments should consider the development of extended producers’ responsibilities that collect taxes and fees from importers and/or exporters for waste management, and implement circular economy practices and policies.

International cooperation is essential for SIDS to deal with plastic pollution. SIDS are at the receiving points of marine debris (of which 75 percent are plastics) as they are near ocean gyres. Unless the world ends marine plastic pollution once for all, SIDS alone will not be able to deal with it, as ocean currents will continue bringing it ashore.

For example, in the Comoros, if waste continues unchecked, the island of Moheli risks losing its fragile ecosystem and its UNESCO Biosphere Reserve status.

In Seychelles, UNDP has supported a national campaign “The Last Straw” to stop the use and sale of single use plastic straws, which directly reduce the leakage of plastic waste. It has resulted in a national ban on plastic straws and balloons.

In the Dominican Republic, UNDP has worked with the central and local government, private sector, academia and civil society organization and community organizations to tackle plastic pollution with a life cycle approach, including exploration of local, scalable solutions for plastics waste management with the support of UNDP´s Accelerator Lab. UNDP has partnered with the Ocean Cleanup on an automatic plastic collection system, which has reduced the plastic waste entering the ocean, increased the public awareness of plastic pollution, and inspired national policy conversations.

With the support from the Global Environmental Facility, the Dominican Republic will reduce single use plastics in food and beverages, and scale up circular solutions with policy change, demonstration of innovative models, public-private partnerships and awareness raising.

In Comoros, UNDP and UNEP have formed the Comoros Integrated Waste Management Alliance to address waste management and work with municipalities and communities. This alliance builds upon the shared commitment by UNDP and the United Nations Environment Programme, made in October 2023 to focus on plastic pollution and integrated waste management.

As the SIDS leaders and international community gathered early this week in Antigua and Barbuda to review SIDS progress towards Sustainable Development Goals it is critical to reaffirm our collective commitment to take drastic and urgent actions to turn off the tide of plastic pollution.

The ongoing plastics treaty negotiations should also consider SIDS special conditions and agree upon special measures addressing SIDS challenges, and aim for an ambitious and effective global legal instrument to end plastic pollution.

Together, we must stop the trajectory of our Earth turning into plastic ocean, plastic islands and plastic dumps. There is no time to waste, and no action is not an option. We must stop plastic pollution to secure a clean and sustainable planet for ourselves, our future generations, and all other lives that share this precious planet.

Sulan Chen is Principal Technical Advisor and Global Lead on Plastics Offer, UNDP; Inka Mattila is Resident Representative, UNDP Dominican Republic; Vera Hakim is Deputy Resident Representative, UNDP, Comoros.

Source: UNDP

IPS UN Bureau

 


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?’http’:’https’;if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+’://platform.twitter.com/widgets.js’;fjs.parentNode.insertBefore(js,fjs);}}(document, ‘script’, ‘twitter-wjs’);  

Anaqua Annual User Experience Conference to Feature Keynotes from Microsoft, SAP, USPTO, and More

BOSTON, May 30, 2024 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property (IP) management technology, today announces a lineup of top–tier IP speakers and panelists for its 15th annual Anaqua Experience Conference (AEC). The event, taking place in Boston, MA, from June 24–27, 2024, will bring together IP and business leaders from across the globe to share knowledge and experiences, and to discuss the future of IP – with a particular focus on the impact of AI in the industry.

Attendees will hear from industry experts, engage in networking events, and participate in Anaqua–led training sessions, learning new features in AQX® 11 – Anaqua’s most significant IP management platform release in 20 years – to help further optimize their IP management processes.

“This is an exciting time for the IP industry as we embrace new technologies, including AI, which could have far–reaching effects on how the industry operates,” said Bob Romeo, CEO of Anaqua. “We are proud to bring together the most innovative companies and law firms across the globe at our client conference. By connecting the entire IP community, we can move forward together to address our industry’s new issues and developments.”

Kicking off the conference is a keynote presentation from former Under Secretary of Commerce and USPTO Director David Kappos, Co–Chair of Cravath’s Intellectual Property Practice, on the macro–level trends shaping the future of IP. Other conference keynotes will delve into the specific effects of AI for IP, and will include:

  • Olga V. Mack – Renowned general counsel, IP attorney, digital transformation executive, author, and Above the Law + ACC Docket Legal Tech & Future of Law columnist, discussing the increasing value of human time in the age of advanced AI.
  • Stephen R. Perry – Creative Director at Bailey Brand Consulting, examining the impact of AI on the creative process and brand development.
  • Panel Discussion – Exploring the balance of risks, value, and efficacy when deploying AI in IP practice, featuring Raghu Chinagudabha of Microsoft; Sunjay Mohan of SAP; and Matthew Sked of the USPTO.

“What’s always so rewarding about The Anaqua Experience Conference is watching this global community of industry professionals, who are passionate about the advancement of IP, share their thoughts, insights, and experiences in a truly collaborative and interactive environment,” said Aileen Buchanan, Vice President, Client Success of Anaqua.

The conference will also host several sessions by many IP industry leaders, including:

  • Thomas H. Walls – Bausch Health Companies
  • Beth McGraw – Eli Lilly and Company
  • Gitte Berthelsen Lerche and Ana–Maria Macovetchi – Novo Nordisk
  • Tomoe Itoh – Otsuka Pharmaceutical Co., Ltd.
  • Will Federspiel – Reebok
  • Elizabeth Swift – RTX Corporation
  • Camylle Wnek – Techtronic Industries (TTI)

The 2024 AEC will be held at the Renaissance Boston Waterfront Hotel, starting with a welcome reception on the evening of June 24, a full day of training sessions on June 25, followed by a series of presentations and panel discussions through to June 27. Registration remains open until June 25.

To register for the event, visit https://cvent.me/RY7ZLg.

About Anaqua
Anaqua, Inc. is a premier provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX® and PATTSY WAVE®, both offer best practice workflows with big data analytics and tech–enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision–making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, Asia, and Australia. For additional information, please visit anaqua.com, or on Anaqua's LinkedIn.

Company Contact:
Amanda Glagolev
Director, Communications
Anaqua
617–375–5808
aglagolev@anaqua.com


GLOBENEWSWIRE (Distribution ID 9145896)

Fortrea Introduces Comprehensive Solution to Improve Diversity and Inclusion in Clinical Research

DURHAM, N.C., May 30, 2024 (GLOBE NEWSWIRE) — Fortrea (Nasdaq: FTRE) (the “Company”), a leading global contract research organization (CRO), today announced its comprehensive and integrated solution to improve the diversity and inclusion (D&I) of participants in clinical trials. Fortrea’s D&I solution is designed to expand patient access to participate in clinical trials and address the U.S. Food and Drug Administration (FDA) requirements, under The Food and Drug Omnibus Reform Act, to increase enrollment of underrepresented populations in clinical trials.

Fortrea’s comprehensive process integrates five components of diversity action planning and execution:

  • Real–world evidence advisors research relevant real–world data sets to inform diversity planning.
  • Regulatory, development and clinical operational experts design the Diversity Action Plan, validate with patient groups and negotiate with regulators.
  • Operational teams access multiple data platforms, Fortrea’s Site Advisory Board and technology–enabled solutions to implement the Diversity Action Plan as an integral part of Fortrea’s clinical trial execution.
  • Monitoring and reporting are enabled by Fortrea’s exclusive Diversity and Inclusion Study Insights Dashboard, providing actionable data and visualizations for ongoing study management.
  • Experienced report technical writers compile data and prepare reports for regulatory submission, with ongoing regulatory support provided as part of the D&I solution.

“Clinical research that reflects a representative population provides better insight into how a potential treatment will work in a real–world setting,” said John Doyle, DrPH, president Fortrea Consulting. “Recent regulatory requirements codify progress over the last few years in biopharma’s approach to improving the inclusion of diverse populations in their development programs. Fortrea’s solution brings deep, real–world data expertise to design D&I plans that are effective and realistic, along with more than 30 years of experience across more than 20 therapeutic areas in trial execution. We also bring a steadfast commitment to D&I, not just in clinical trials but across our entire company as we pursue our purpose of bringing life–changing treatments to patients faster.”

Fortrea’s D&I solution incorporates a series of proprietary tools, including epidemiological and feasibility assessments that leverage an exclusive combination of large data sets. The solution also integrates inputs from patient groups to create insights into protocol tolerance and study conduct support requirements in different patient populations across multiple therapy areas and geographies. These insights inform global and local patient recruitment and retention plans to reach under–represented patient populations and address barriers to participation in clinical trials.

“Ensuring the inclusion of diverse patient populations in clinical trials must go beyond a plan, it takes insight and action,” said Mark Morais, chief operating officer, Fortrea. “Because of our comprehensive Voice of Patient program and our collaboration with diverse investigator sites and site networks, we have a deep understanding of what it takes to be successful in reaching populations that have traditionally been under–represented in clinical trials. At Fortrea, we are informed by real–world data, enabled by innovative technologies, and driven by our passion to deliver new therapies for all patients.”

Please visit Diversity and Inclusion in Clinical Trials on Fortrea.com for more information.

About Fortrea

Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development and patient access solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life–changing therapies to patients. Fortrea provides phase I–IV clinical trial management, clinical pharmacology, consulting services, differentiated technology enabled trial solutions and post–approval services.

Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally.

Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter) @Fortrea.  

Fortrea Contacts:
Fortrea Media: Galen Wilson – 703–298–0802, media@fortrea.com
Fortrea Media: Kate Dillon – 646–818–9115, kdillon@prosek.com


GLOBENEWSWIRE (Distribution ID 9146130)

Hisense  تكشف النقاب عن نجم أجهزة التلفاز قياس 100 بوصة: إطلاق تلفاز U7K بتقنية Mini-LED 100 بوصة فائق الوضوح في جنوب أفريقيا

جوهانسبورغ، جنوب أفريقيا, May 30, 2024 (GLOBE NEWSWIRE) — تفخر Hisense، الشركة الرائدة دون منازع في مجال تكنولوجيا الترفيه المنزلي، بطرح سلسلة 100U7K من أجهزة التلفاز، ما يمثّل مرحلة هامة من التميّز التكنولوجي في صناعة أجهزة التلفاز، وشهادة على التزام Hisense بدفع حدود الابتكار. تحظى Hisense بتقدير عالمي كبير، حيث توّجت العلامة التجارية الأولى في العالم من حيث حجم شحنات أجهزة التلفاز قياس 100 بوصة من قبل Omdia، وحازت على لقب أفضل علامة تجارية لأجهزة التلفزيون لعام 2024 من Mybroadband وتستمر في وضع معايير الجودة الفائقة وتجارب غامرة لمشاهدة منقطعة النظير.

يتميّز هذا التلفاز الثوري الجديد بمكانته الفريدة، باعتباره جهاز التلفزيزن الوحيد قياس 100 بوصة بتقنية Mini–LED المتوفر في جنوب أفريقيا. يشكّل هذا التميز دليلاً على ريادة Hisense في مجال تقنيات العرض المتطورة، كما يجعل من سلسلة 100U7K منتجاً رائداً من شأنه أن يغيّر قواعد اللعبة في في عالم الترفيه المنزلي الغامر.

يُرجى النقر على هذا الرابط لزيارة صفحة المنتج

لا يقتصر تمايز تلفاز 100U7K على حجمه المثير للإعجاب، إذ يتفوق على أقرانه من حيث أدائه منقطع النظير. يدعم هذا التلفاز معدل تحديث استثنائي يبلغ 144 هرتز، ما يتيح حركة سلسة للغاية وزمن استجابة فريد من نوعه، ويجعل منه الخيار الأمثل لكلّ من عشّاق الألعاب الالكترونية والسينما على السواء.

ينطوي تلفاز 100U7K على قائمة طويلة لا تنضب من الخصائص والميزات. بفضل تقنية Mini–LED، يحظى المشاهدون بمتعة اختبار التباين الفائق والسطوع الأفضل في فئته، ما يُضفي الوضوح النابض بالحياة على كل مشهد ويكشف أدق التفاصيل فيه. هذا ويأتي التلفاز أيضاً مزوداً بأحدث تقنية Quantum Dot، تضمن طيفاً واسعاً من الألوان المفعمة بالحيوية، ما يخلق تجربة بصرية مدهشة تأسر الحواس.

بالإضافة إلى ذلك، تعمل تقنية Dolby Vision IQ على الارتقاء بتجربة المشاهدة إلى آفاق جديدة من خلال تحسين إعدادات الصور استناداً إلى ظروف الإضاءة المحيطة، ما يجعل المشاهد تبدو أكثر واقعية وعمقاً. كذلك، يتيح مضخّم الصوت المدمج تجربة صوتية غامرة وقوية، تضع المشاهد في قلب المشهد، في حين توفر تقنية AMD FreeSync Premium تجربة لعب مثالية انسيابية وغير منقطعة.

وفي هذا السياق، قالت Luna Nortje، نائب المدير العام لشركة Hisense South Africa: “يسرّنا للغاية أن نطرح أجهزة التلفاز من سلسلة 100U7K في السوق الجنوب أفريقي، لإطلاق العنان لمعيار جديد للترفيه المنزلي الغامر.” وأضافت: “بصفتنا العلامة التجارية الأولى في العالم من حيث حجم شحنات أجهزة التلفاز قياس 100 بوصة، والعلامة الحائزة على لقب أفضل علامة تجارية لأجهزة التلفزيون، تواصل Hisense دفع حدود الابتكار والبراعة الحرفية.”

يمثّل طرح أجهزة 100U7K لحظة تاريخية في عالم تكنولوجيا التلفاز. فهو لا يكتفي بإعادة تعريف إمكانيات الترفيه المنزلي فحسب، إنما يسّلط أيضاً الضوء على التزام Hisense الراسخ بتزويد المستهلكين بمنتجات استثنائية ترتقي بتجربة المشاهدة إلى مستويات استثنائية.

جهة الاتصال:
 – Henru van der Merwehenru.vandermerwe@hisense.com

الصورة المرفقة بهذا الإعلان متاحة عبر الرابط الالكتروني التالي: https://www.globenewswire.com/NewsRoom/AttachmentNg/5e7370e2–c4a3–4c9e–9ac0–fb1154882fc9


GLOBENEWSWIRE (Distribution ID 1000963626)

Hisense dévoile le roi des téléviseurs 100 pouces : le téléviseur Mini-LED U7K 100 pouces lancé en Afrique du Sud

JOHANNESBOURG, Afrique du Sud, 30 mai 2024 (GLOBE NEWSWIRE) — Hisense, leader incontesté de la technologie de divertissement à domicile, est fier de présenter sa nouvelle série de téléviseurs, 100U7K, marquant une étape importante dans l'excellence technologique dans l'industrie de fabrication de téléviseurs et un véritable témoignage de l'engagement de Hisense à repousser les limites de l'innovation. Couronnée première marque mondiale en matière du volume total de livraisons de téléviseurs 100 pouces   par Omdia, et nommée « Meilleure Marque de Téléviseurs de 2024 » par Mybroadband, Hisense continue d'élever les normes de qualité supérieure et des expériences de visionnage immersives.

A l’avant–garde de ce téléviseur révolutionnaire est son statut unique en tant que le seul téléviseur Mini–LED 100 pouces disponible en Afrique du Sud. Cette distinction témoigne non seulement du leadership de Hisense dans les technologies d'affichage de pointe, mais positionne également la série 100U7K comme produit révolutionnaire dans le domaine du divertissement immersif à domicile.

Veuillez cliquer ici pour visiter la page du produit

Outre sa taille impressionnante, le 100U7K se démarque de ses pairs par sa performance inégalée. Bénéficiant d’un taux de rafraîchissement exceptionnel de 144 Hz, ce téléviseur offre une fluidité d’images et une réactivité d’affichage uniques, ce qui en fait le choix idéal pour les amateurs de jeux vidéo et les cinéphiles.

Grâce à la technologie Mini–LED, les téléspectateurs bénéficient d'un niveau supérieur de contraste et d'une luminosité inégalée, apportant une clarté époustouflante à chaque scène et révélant les détails les plus fins. Le téléviseur est également doté de la dernière technologie Quantum Dot, garantissant un large spectre de couleurs claires et vives, créant une expérience visuelle exceptionnelle qui captive les sens. 

Dolby Vision IQ porte l'expérience visuelle à de nouveaux sommets en optimisant les paramètres d'image en fonction des conditions de lumière ambiante, rendant les scènes plus réalistes et immersives. Le subwoofer intégré crée une expérience sonore immersive et puissante qui place le spectateur au cœur de la scène, tandis que la technologie AMD FreeSync Premium offre une expérience de jeu fluide, ininterrompue et sans stress.

Luna Nortje, directrice générale adjointe de Hisense Afrique du Sud, a déclaré : « Nous sommes ravis d'introduire les téléviseurs 100U7K sur le marché sud–africain, établissant ainsi une nouvelle norme en matière de divertissement immersif à domicile. En tant que première marque mondiale en matière du volume de livraisons de téléviseurs 100 pouces et récipiendaire du prix de la meilleure marque de téléviseurs, Hisense continue de repousser les limites de l'innovation et du savoir–faire. »

L'introduction du 100U7K marque un moment historique dans le monde de la technologie télévisuelle. Elle redéfinit non seulement les possibilités du divertissement à domicile, mais souligne également l'engagement inébranlable de Hisense à offrir aux consommateurs des produits exceptionnels qui portent l'expérience de visionnage à des niveaux exceptionnels.

Contact :
Henru van der Merwe – henru.vandermerwe@hisense.com

Veuillez trouver une photo accompagnant ce communiqué sur le lien suivant : https://www.globenewswire.com/NewsRoom/AttachmentNg/5e7370e2–c4a3–4c9e–9ac0–fb1154882fc9


GLOBENEWSWIRE (Distribution ID 1000963626)

Axi launches their biggest global trading competition ever, with $250,000 USD up for grabs

SYDNEY, Australia, May 30, 2024 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi has launched 2024’s biggest global trading competition, with a total prize pool of $250,000 USD.

Axi is shaking the waves, inviting traders of all sizes to trade their edge and win mega prizes, including the grand prize of $100,000 USD. Over 45 prizes will be given for ROI, top trading volume, best ROI each week, as well as five random prizes of $500 USD per week.

Registration for the competition has commenced, and the four–week contest is set to run from June 3 to June 30. Per the broker, the competition is open both for new or existing clients, and ambitious traders who are interested in participating should open or already have a live trading account with Axi, deposit a minimum of $200, and trade at least 1 lot.

Louis Cooper, Chief Commercial Officer at Axi, shares his excitement for the upcoming competition: “‘Trade Your Edge’ is our strapline, and in June we invite our traders to do just that – trade their edge on their favourite markets like Forex, Gold, Crypto, for a chance to win amazing cash prizes, including the top prize of $100,000 USD.

This has been a very successful financial year for the broker; they’ve recently introduced cutting–edge new programmes and have also expanded their partnership portfolio to include Man City Women, LaLiga club Girona FC, and England international and six–time Premier League winner John Stones as the company’s Brand Ambassador.

To learn more about the competition and register, visit:

https://www.axi.com/int/promotions/global–trading–competition

About Axi

Axi is a global online FX and CFDs trading broker. As the preferred broker for thousands of ambitious customers in over 100 countries worldwide, we help all types of traders, trading businesses, banks and financial organizations find the edge they need to achieve their financial goals through informed transactions made on the world's financial markets. Axi offers a comprehensive range of assets including CFDs for several asset classes such as Forex, Shares, Oil, Precious Metals, Coffee, Indices, and other commodities.

At Axi, we take pride in our reputation as an honest, fair, and responsible broker. Our numerous global awards and reviews attest to the confidence and trust we have earned from our customers who value our exceptional service, fast execution, secure payments, and easy withdrawals. Similarly, we also work pro–actively with leading regulatory governing authorities around the world to ensure that we surpass the highest industry standards.

The trading competition is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. Not available to AU, NZ, EU & UK residents. T&Cs apply.

For more information or additional comments from Axi, please contact: Media.Enquiries@axi.com


GLOBENEWSWIRE (Distribution ID 1000963491)

UN, International Partners Coordinate Aid to Papua New Guinea Landslide Disaster

The local community from Yambani in Papua New Guinea assess the damage of the May 26, 2024, landslide. Credit: UNICEF

The local community from Yambani in Papua New Guinea assess the damage of the May 26, 2024, landslide. Credit: UNICEF

By Naureen Hossain
UNITED NATIONS, May 30 2024 – As the communities of Enga province in Papua New Guinea contend with the landslide that has devastated the residents of Yambani, the United Nations and its partners have been active on the ground addressing the immediate humanitarian needs, according to agencies. 

Papua New Guinea’s prime minister, James Marape, says “extraordinary rainfall” and weather pattern changes were responsible for multiple disasters in the Pacific Island nation this year, including the landslide last Friday.

“Our people in that village went to sleep for the last time, not knowing they would breathe their last breath as they were sleeping peacefully. Nature threw a disastrous landslip, submerged or covered the village,” Marape told parliament on Wednesday.

Since the May 26 disaster, the United Nations has been actively supporting Papua New Guinea’s government in coordinating humanitarian support, search and rescue operations and the initial needs assessments of the thousands of locals who have been impacted by the devastating landslide. The UN is also coordinating the response efforts of all partners, both at the national and provincial levels, with the National Disaster Centre and the Enga Provincial Disaster Management Team.

UN agencies present on the ground to address immediate humanitarian needs include the International Organization for Migration (IOM) and the UN Development Programme (UNDP). UN-Women, UNFPA, and UNICEF are also coordinating with local emergency response teams to provide relief supplies, such as emergency health kits, tents, and psychosocial support.

Rescue efforts in Yambani, Papua New Guinea after the May 26, 2024, landslide. Credit: UNICEF

Rescue efforts in Yambani, Papua New Guinea, after the May 26, 2024, landslide. Credit: UNICEF

UNICEF’s involvement has included the distribution of at least 50 hygiene and dignity kits, containing multipurpose cloth, soap, buckets, and reusable sanitary pads. They are also working to establish the broader needs of the affected communities, including child protection, health and sanitation, and nutrition needs.

“We are working closely with Papua New Guinean authorities and community organizations to provide vital support to the survivors of this terrible disaster,” said UNICEF Representative Angela Kearney.

“The challenges we face in the aftermath of this tragedy are immense,” said Serhan Aktoprak, IOM’s Chief of Mission in Papua New Guinea. “The area remains extremely dangerous due to ongoing land movement, and access is hindered by blocked roads, damaged infrastructure, and adverse weather conditions.”

The total affected population is estimated at 7,849 individuals, according to their 2022 common roll. Among the population, at least 42 percent are children aged 16 years or younger. So far, only six bodies have been retrieved from the rubble, with the numbers likely to increase as rescue and recovery efforts continue. The death toll is likely to be high. However, no official number has been confirmed yet. Though earlier reports indicated that anywhere from 670 people to over 2,000 have perished,.

“While the death toll is expected to be high, we refrain from stating exact numbers until the search operations are completed,” Juho Valka, Head of Communications, UNDP PNG, told IPS by email. Valka further explained that, as a result of the landslide, a total of 150 structures are estimated to have been buried. Evacuation centers have been set up between both sides of the debris, which is up to 8 meters, or 26 feet, high.

Papua New Guinea’s National Disaster Centre made an official request for international assistance through a letter to the UN Resident Coordinator. The UN is expected to coordinate assistance from local partners and individual member states.

Authorities in the Enga province have also called on international assistance for the deployment of geotechnical engineers to conduct a geohazard assessment. As of Tuesday, Australia, one of the country’s closest neighbors, has sent over a disaster response team, which includes a geohazard assessment group. The Australian government has also pledged over 2.5 million Australian dollars in aid efforts.

The situation is not without its complications. On Tuesday morning, a bridge collapsed in the Western Highlands province, which cut off the main Highlands highways just before Enga. This has disrupted communications between Enga and the rest of the Highlands. An alternative route to Enga is through the Southern Highlands Highway, which adds an additional two-three hours in travel time. The PNG Defense Force is currently making an effort to fix the bridge as soon as possible.

There is also a growing concern over a disease outbreak, as underground water flowing downward will likely contaminate local drinking water sources. Furthermore, locals are worried over the possibility of a second landslide, and a further 8,000 people may need to be evacuated, as Aktoprak told the Associated Press.“If this debris mass is not stopped, if it continues moving, it can gain speed and further wipe out other communities and villages further down the mountain,” he said.

According to an AP report, a team of 40 military engineers and medical personnel reached Yambali village on Tuesday night to negotiate with the villagers to begin digging efforts. Heavy earth-moving equipment, such as excavators, is expected to reach the scene by Thursday. However, villagers are divided on whether to use heavy-grade equipment, fearing that this could potentially further damage the bodies of their buried relatives. Villagers have been using shovels and farming tools to find bodies, with some even using their bare hands to dig through deep mud and debris.

IPS UN Bureau Report

 


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?’http’:’https’;if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+’://platform.twitter.com/widgets.js’;fjs.parentNode.insertBefore(js,fjs);}}(document, ‘script’, ‘twitter-wjs’);  

Explainer: Why Is It Important for Venezuela to Adopt Escazú Agreement in the Coming Year?

Alejandro Álvarez says Latin American region is dangerous for environmental defenders. Credit: Margaret López/IPS

Alejandro Álvarez says the Latin American region is dangerous for environmental defenders. Credit: Margaret López/IPS

By Margaret López
CARACAS, May 30 2024 – Venezuela is one of the few countries outside the Escazú Agreement, a treaty in Latin America and the Caribbean ratified by 16 member countries that guarantees access to environmental information, public participation in environmental decisions, and environmental justice.

“The failure to sign the Escazú Agreement is a symptom of this general situation of lack of environmental rule of law in the country,” said Erick Camargo, researcher of the Observatory of Political Ecology, in an interview with IPS.

For the past seven years, the Observatory of Political Ecology has been part of a group asking the Venezuelan State to embrace this international treaty. The petition of civil organizations aims to ensure that the environment and threats such as illegal mining, deforestation, or the murder of indigenous defenders are not forgotten, amid a complex humanitarian emergency that this Caribbean country is experiencing.

What is the Escazú Agreement?

It is the first treaty on environment and human rights in Latin America and the Caribbean. Its full name is Regional Agreement on Access to Information, Public Participation and Access to Justice in Environmental Matters. Although it is better known by the name of the place where it was signed on March 4, 2018: Escazú, Costa Rica.

The Escazú Agreement ratifies that all Latin Americans have the right to know if the water they receive in their homes is potable, if the air they breathe daily is safe for their health, or if a community should have a veto over companies for activities such as mining, oil exploitation, or tourism in biodiverse areas.

Its 26 articles entered into force in 2021. This treaty is also a recognition of the role played by Latin American environmental defenders in the preservation of nature and the problem of violence experienced by these defenders in the region.

“Latin America is the most dangerous area in the world to defend environmental human rights. These are not only people who work for environmental organizations, but also environmental journalists and people from indigenous communities who defend the territory and habitat where they live”, explained Alejandro Alvarez, biologist and coordinator of the non-governmental organization Clima 21, in an interview with IPS.

Statistics compiled by Global Witness, an independent organization that monitors deaths in defense of the environment, speak of 1,335 environmental defenders murdered in Latin America between 2012 and 2022. That is, 70 percent of all killings of environmental defenders in that decade. In the Venezuelan case, 21 people were killed defending nature in the same period, most of them belonging to Indigenous communities.

For researcher Liliana Buitrago of the Observatory of Political Ecology, the central point of this treaty is that it helps to “make visible a fundamental narrative in the climate crisis (…) because environmental defenders are decisive actors to protect, fight, and stop environmental and ecological collapse.”

What benefits do Venezuela bring to this agreement?

As with other international environmental bodies, the Escazú Agreement provides for a Conference of the Parties (COP) to be held every year. At COP 3, its most recent edition held in Santiago, Chile, the Regional Action Plan on environmental human rights defenders was approved.

The implementation of this special plan for environmental defenders will take six years. This is the first multilateral agreement that requires States to ensure that the defense of the environment can take place in freedom and its implementation will strengthen the protection of environmental defenders in the Latin American region. This environmental protection plan is part of what Venezuelan organizations want to obtain with the country’s adhesion to this agreement.

“Venezuela has quite robust environmental legislation for the protection of its natural areas or its defenders, but it is neither complied with nor known. The importance in the Venezuelan case is that the Escazú Agreement would give us an international tool to put pressure on our state,” said Camargo.

If Venezuela were to adopt the Escazú Agreement in the coming year, this would give an international legal instrument to organized groups to demand greater security for indigenous peoples defending their territories in the Venezuelan Amazon. This is an area that is now threatened with deforestation for the establishment of new illegal mining sites for the extraction of gold, according to the independent organization SOS Orinoco.

Another benefit would be the establishment of an updated environmental information system. Such a public and accessible environmental system should include, for example, key data on the impacts of climate change in the country as well as a list of the most polluted areas, as established in Article 6 of the Escazú Agreement.

Transparency in the environmental field, not in vain, is one of the most common requests from Venezuelan organizations such as Clima 21, the Venezuelan Society of Ecology, the Observatory of Political Ecology, and Espacio Publico.

“There is no guarantee that the Venezuelan state will comply with environmental commitments. Many international agreements were signed and the standards have not been met, but their signature is already a step. The signing of the Escazú Agreement would show a certain willingness to be transparent in environmental management and, therefore, it would be good to sign it,” explained Carlos Correa, executive director of Espacio Público, in an interview with IPS.

Now, the Venezuelan government has 10 months ahead of it to evaluate its position and join the next COP of the Escazú Agreement as another of the countries in the region that are truly committed to the defense of nature amid the climate crisis.

IPS UN Bureau Report

This feature is published with the support of Open Society Foundations.


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?’http’:’https’;if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+’://platform.twitter.com/widgets.js’;fjs.parentNode.insertBefore(js,fjs);}}(document, ‘script’, ‘twitter-wjs’);  

South Suffering Due to Powerful Nations’ Policies

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, May 30 2024 – The World Bank expects the international economic slowdown to be at its worst in over four decades in 2024. This is mainly due to powerful Western nations’ contractionary macroeconomic and geopolitical policies.

Dismal outlook
According to the Bank’s last Global Economic Prospects report, world economic growth will be weakest by the end of 2024. Only the US economy’s strength will statistically prevent a world recession.

Jomo Kwame Sundaram

World economic growth was expected to slow to 2.4 per cent in 2024. But even the US-controlled World Bank acknowledges growing geopolitical tensions are the main threat.

Medium-term prospects for most developing economies have worsened due to slower growth in most major economies. This has been exacerbated by tighter monetary policy and credit, sluggish trade and investment growth.

2024 would be the third year of economic slowdown due to tighter monetary policies supposed to rein in inflation. Central banks are fixated on bringing inflation below their two per cent target by tightening credit.

Worldwide growth was expected to slow from 2.6% in 2023 to 2.4% in 2024 – well below the 2010s’ mean. Developing economies would only grow by 3.9% in 2024, more than a percentage point below the previous decade’s average.

World Bank Chief Economist Indermit Gill feared, “Near-term growth will remain weak, leaving many developing countries – especially the poorest – stuck in a trap: with paralysing levels of debt and tenuous access to food for nearly one out of every three people.”

Gloomy prospects
The Bank projected that developed economies would slow as most developing economies outside Asia recover. It also acknowledges precarious prospects for vulnerable developing economies due to much higher debt financing costs.

At the end of 2023, the Bank expected things to worsen due to the Gaza invasion, related commodity market pressures, financial stress, more indebtedness, higher borrowing costs, persistent inflation, China’s weak recovery, trade disruptions, and climate disasters.

US unwillingness to broker a ceasefire in Ukraine or to stop the Gaza massacre or South China Sea militarisation has worsened geopolitical risks and recovery prospects while diverting more resources for war.

Financial stress and higher interest rates have exacerbated inflation and stagnation. Meanwhile, the new Cold War has slowed growth in China and much of Asia by worsening ‘trade fragmentation’ and global heating.

The Bank urges multilateral cooperation to provide debt relief, especially for the poorest countries, address global heating, enable the energy transition, revive trade integration, address climate change, and reduce food insecurity.

The world economy has lost $3.3 trillion since 2020. Yet, instead of strengthening developing countries’ recoveries, the Bank still urges fiscal austerity and financialization.

A quarter of developing countries and two-fifths of low-income countries (LICs) would be worse off in 2024 than in 2019, before the pandemic. With limited fiscal space, developing nations with poor credit ratings are especially condemned.

With rich economies expected to slow from 1.5% last year to 1.2% in 2024, demand for primary commodities will further dampen. Despite other dismal projections, the Bank wishfully projected LICs would grow by 5.5% in 2024!

But instead of prioritising economic recovery, finance ministers and central bank governors agreed to continue policies worsening the situation by suppressing demand and ignoring ‘supply-side disruptions’ responsible for inflation.

Fiscal follies?
For decades, the Washington-based Bretton Woods institutions urged developing economies to be much more open and market-oriented. Unsurprisingly, the global South now faces problems due to earlier procyclical policies.

The report advises commodity exporters – two-thirds of developing nations – how to cope with price fluctuations. Breaking with past advice, the Bank now calls for a more counter-cyclical fiscal policy framework.

Fiscal policies in recent decades have often been procyclical, overheating economies and deepening slumps. The Bank found fiscal policy in commodity-exporting nations 30% more procyclical and 40% more volatile than in other developing economies.

It argues commodity exporters’ fiscal policies have worsened price vicissitudes. It estimates that when commodity price increases enhance growth, government spending increases can boost growth by an additional fifth.

Greater fiscal policy pro-cyclicality and volatility amplify business cycles, hurting economic growth in commodity-exporting developing economies.

The Bank argues this should be addressed with “a fiscal framework that helps discipline government spending, by adopting flexible exchange-rate regimes, and by avoiding restrictions on the movement of international capital”.

The report claims such policy measures will help commodity-exporting developing economies boost per capita growth by about 0.2% annually.

Misrepresenting statistical correlations, the Bank urges easing restrictions on international financial flows, claiming this would “help reduce both fiscal procyclicality and fiscal volatility”.

Ignoring developing countries’ experiences, it urges the adoption of developed-economy “exchange rate regimes, [lack of] restrictions on cross-border financial flows, and … fiscal rules” as part of a “strong commitment to fiscal discipline.”

The report ignores overwhelming evidence of fiscal austerity and capital account openness exacerbating procyclicality and volatility.

Clearly, Bank advice has not changed much since the 1980s, when such policy recommendations worsened Latin America’s and Africa’s lost decades.

IPS UN Bureau

 


!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?’http’:’https’;if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+’://platform.twitter.com/widgets.js’;fjs.parentNode.insertBefore(js,fjs);}}(document, ‘script’, ‘twitter-wjs’);