Hisense Atlantis Factory Celebrates 11 Years of Growth and Community Empowerment

JOHANNESBURG, South Africa, July 03, 2024 (GLOBE NEWSWIRE) — Eleven years ago, Hisense made a groundbreaking decision that has significantly contributed to the South African, and particularly the Western Cape province economy. Since opening its Factory in 2013, the factory has grown to become the largest TV production facility in sub–Saharan Africa. Today, Hisense celebrates this golden milestone with honourable Friends of Hisense.

Commitment to Community and Economic Empowerment

The significance of the factory extends beyond the production of appliances. It has created much–needed jobs and significant economic empowerment for the Western Cape community. Hisense is proud to have contributed to the livelihoods of many families, fostering a sustainable future for the communities in which it operates.

Corporate Social Investment and Community Engagement

Hisense’s commitment to Corporate Social Investment (CSI) has been a cornerstone of its ethos. The partnership with various children's homes exemplifies this commitment, providing support and nurturing young minds. “Today, we are delighted to have the children from Ikamva Labantu with us, igniting their interest in technology and inspiring them to aspire towards shaping the future,” said Luna, Hisense South Africa Deputy General Manager.

Environmental and Community Support

Hisense cares about the environment and is making a donation to SANParks, who assist in saving the penguins at Boulders Beach. Hisense is donating products worth R40,000, including two double door fridges, a microwave, and an 18KG top–loader washing machine. Additionally, an H670SIT–WD double door fridge is being donated to Ikamva Labantu to support local communities in Cape Town.

Achievements and Future Commitment

The achievement of Hisense TV being ranked Global No. 2 and Global No. 1 in 100–inch TVs underscores its commitment to quality and innovation. This positions Hisense as a key player in the global market, driving forward the ambition to continuously deliver excellence.

Reflecting on the 11–year journey in South Africa, Luna announced, “The Atlantis factory has successfully manufactured an impressive 4.5 million TVs and 2.9 million refrigerator units, reaffirming our commitment to sustainability, innovation, and community empowerment.”

The Hisense Atlantis factory is more than just a production facility; it is a symbol of hope, resilience, and the power of public–private partnerships in fostering economic development and community empowerment.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/767ca8d5–d6d7–43e9–8818–4f87d371eb86


GLOBENEWSWIRE (Distribution ID 1000969854)

The 2024 China Guanxian Steel Plate Industry Opening-up and International Precision Procurement Conference held in Guanxian County, Shandong Province

GUANXIAN, China, July 03, 2024 (GLOBE NEWSWIRE) — The 2024 China Guanxian Steel Plate Industry Opening–up and International Precision Procurement Conference under the theme of “Shandong Good Products for Global Trade” was held in Guanxian County from June 26 to 28.

The 2024 China Guanxian Steel Plate Industry Opening–up

A Media Snippet accompanying this announcement is available by clicking on this link.

The steel plate industry is a distinctive pillar industry of Guanxian County, with 1,233 steel plate processing companies and over 35,000 employees, processing various types of steel plates totaling 16 million tons annually. Products are exported to over 120 countries and regions in Southeast Asia, Africa, and South America. Many steel plate “star products” from Guanxian County are used in major projects at home and abroad. Guanxian County has become the largest fine steel plate processing industry cluster in the country, as well as a demonstration base and characteristic industrial cluster for the transformation and upgrading of Shandong Province's high–quality steel plate foreign trade.

The conference, organized by the People's Government of Guanxian County, featured a series of activities including SGS “Global Procurement Base” certification, factory inspection, procurement matchmaking, and cooperation agreements. During the event, Guanxian County was certified as the SGS “Global Procurement Base” for the steel plate industry, and over 100 overseas buyers engaged in in–depth discussions and exchanges with more than 110 local steel plate companies on steel plate procurement and market expansion.

Guanxian County promotes green and intelligent development through optimized industrial processes, improved technological equipment, enhanced comprehensive waste utilization, and digital transformation. Focusing on innovation–driven development, the county is strengthening the new advantage of “digital and intelligence +” to accelerate the development of new quality productive forces through industrial optimization and unimpeded trade channels.

Source: The People's Government of Guanxian County


GLOBENEWSWIRE (Distribution ID 9172922)

Nyxoah Has Signed a €37.5 Million Loan Facility Agreement with the European Investment Bank

REGULATED INFORMATION
INSIDE INFORMATION

Nyxoah Has Signed a €37.5 Million Loan Facility Agreement with the European Investment Bank

Mont–Saint–Guibert, Belgium – July 3, 2024, 12:30pm CET / 6:30am ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (“OSA”), today announced that it has signed a €37.5 million loan facility agreement with the European Investment Bank (“EIB”). The agreement is backed by the European Commission’s InvestEU program. Nyxoah plans to use the funding for research and development, and for scaling–up its manufacturing capacity to meet demand in Europe and the U.S.

The €37.5 million facility is divided into three tranches: €10 million for the first tranche (“Tranche A”), €13.75 million for the second tranche (“Tranche B”) and €13.75 million for the third tranche (“Tranche C”). Disbursement under the various tranches is subject to certain conditions. Tranche A carries an annual 5% cash and 5% capitalized interest rate, and features a five–year bullet repayment schedule. The various tranches do not contain revenue or liquidity covenants.

In connection with the loan facility agreement, and as a condition to drawdown thereunder, the Company also intends to enter into a “synthetic warrant agreement” with the EIB. Under the intended synthetic warrant agreement, in consideration for the facility, in connection with each tranche of the facility, the EIB will be granted “synthetic warrants” with a duration of 20 years. The number and strike price of the synthetic warrants will be calculated based on tranche specific formulas provided for in the synthetic warrant agreement. The synthetic warrants can be exercised as of the maturity date of the relevant tranche of the facility or, in exceptional situations, earlier. Such synthetic warrants will entitle the EIB to receive from the Company a cash consideration equal to the 20–day volume weighted average price of a share in the Company on the stock exchange, reduced by the applicable strike price per synthetic warrant, and multiplied by the number of synthetic warrants that the EIB exercises. In connection with Tranche A, it is expected that the EIB will be granted 468,384 synthetic warrants with a strike price of €8,11 that the EIB can exercise after the maturity of Tranche A (5 years) or, in exceptional situations, earlier.

Since certain provisions of the loan facility agreement and the synthetic warrant agreement are dependent on a change of control, those provisions will be submitted for approval to a shareholders' meeting of the Company in accordance with article 7:151 of the Belgian Companies and Associations Code.

EIB Vice–President Robert de Groot said: “Belgium stands at the forefront of innovation in the area of life sciences and med tech. As the EIB, we take pride in supporting this thriving industry and fostering growth. Nyxoah, with its groundbreaking approach, is making a valuable contribution. We are eager to see the company progressing, benefitting patients worldwide.”

Olivier Taelman, CEO of Nyxoah, commented: “We are excited and grateful for the support and confidence in our cutting–edge technology shown by the European Investment Bank. This loan follows our recent successful equity offering where we raised €48.5 million, providing us a combined access to over €80 million in growth capital. This will aid in the commercialization of Genio in Europe and in the U.S., if approved, while helping increase production capacity and sustain innovation.”

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

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

For more information, please see the Company’s annual report for the financial year 2023 and visit http://www.nyxoah.com/.

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

Forward–looking statements

Certain statements, beliefs and opinions in this press release are forward–looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the entry into of the loan facility agreement and the synthetic warrant agreement with the EIB; the use of proceeds from the loan facility agreement; the Genio® system and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; reporting data from Nyxoah’s DREAM U.S. pivotal trial; filing for FDA approval; and entrance to the U.S. market. By their nature, forward–looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward–looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20–F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward–looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward–looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward–looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward–looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward–looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward–looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward–looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
David DeMartino, Chief Strategy Officer
IR@nyxoah.com

For Media
Belgium/France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

International/Germany
MC Services – Anne Hennecke
anne.hennecke@mc–services.eu

Attachment


GLOBENEWSWIRE (Distribution ID 1000969769)

Nyxoah a Signé une Convention de Prêt de 37,5 Millions d'Euros avec la Banque Européenne d'Investissement

Nyxoah a Signé une Convention de Prêt de 37,5 Millions d'Euros avec la Banque Européenne d'Investissement

INFORMATIONS PRIVILÉGIÉES
INFORMATIONS RÉGLEMENTÉES

Nyxoah a Signé une Convention de Prêt de 37,5 millions d'euros avec la Banque Européenne d'Investissement

Mont–Saint–Guibert, Belgique – 3 juillet 2024, 12h30 CET / 6h30 ET – Nyxoah SA (Euronext Brussels/ Nasdaq : NYXH) (“Nyxoah” ou la “Société”) opère dans le secteur des technologies médicales et se concentre sur le développement et la commercialisation de solutions innovantes destinées à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS). La Société a annoncé aujourd’hui la signature d’une convention de prêt de 37,5 millions d'euros avec la Banque Européenne d'Investissement (” BEI “). Cet accord est soutenu par le programme InvestEU de la Commission européenne. Nyxoah prévoit d’utiliser ce financement pour la recherche et le développement, ainsi que pour augmenter sa capacité de production afin de répondre à la demande en Europe et aux États–Unis.

La convention de prêt de 37,5 millions d'euros est divisée en trois tranches : 10 millions d'euros pour la première tranche (“Tranche A”), 13,75 millions d'euros pour la deuxième tranche (“Tranche B”) et 13,75 millions d'euros pour la troisième tranche (“Tranche C”). Le déboursement des différentes tranches est soumis à certaines conditions. La tranche A est assortie d'un taux d'intérêt annuel de 5 % au comptant et de 5 % capitalisé. Le remboursement du capital se fera à l’échéance de la tranche après 5 ans. Les différentes tranches ne contiennent pas d'engagements en matière de revenus ou de liquidités.

Dans le cadre de l'accord relatif à la convention de prêt, et comme condition à son utilisation, la Société a également l'intention de conclure un “accord de warrants synthétiques” avec la BEI. En vertu de cet accord, la BEI recevra, en contrepartie de la facilité de crédit, des ” warrants synthétiques ” d'une durée de 20 ans pour chaque tranche de la facilité de crédit. Le nombre et le prix d'exercice des warrants synthétiques seront calculés sur la base de formules spécifiques à chaque tranche prévues dans l'accord sur les warrants synthétiques. Les warrants synthétiques peuvent être exercés à partir de la date d'échéance de la tranche concernée de la facilité ou, dans des situations exceptionnelles, plus tôt. Ces warrants synthétiques permettront à la BEI de recevoir de la Société une contrepartie en espèces égale au prix moyen pondéré en fonction du volume sur 20 jours d'une action de la Société en bourse, diminué du prix d'exercice applicable par warrant synthétique, et multiplié par le nombre de warrants synthétiques que la BEI exerce. Dans le cadre de la tranche A, il est prévu que la BEI reçoive 468 384 warrants synthétiques avec un prix d'exercice de 8,11 € que la BEI pourra exercer après l'échéance de la tranche A (5 ans) ou, dans des situations exceptionnelles, plus tôt.

Étant donné que certaines dispositions de la convention de prêt et de la convention de warrants synthétiques dépendent d'un changement de contrôle, ces dispositions seront soumises à l'approbation d'une assemblée générale des actionnaires de la Société conformément à l'article 7:151 du Code belge des Sociétés et des Associations.
Robert de Groot, Vice–Président de la BEI, a déclaré : ” La Belgique est à la pointe de l'innovation dans le domaine des sciences de la vie et des technologies médicales. En tant que BEI, nous sommes fiers de soutenir cette industrie florissante et de favoriser la croissance. Nyxoah, avec son approche novatrice, apporte une contribution précieuse. Nous sommes impatients de voir la société progresser, au bénéfice des patients du monde entier.”

Olivier Taelman, CEO de Nyxoah, a commenté l'événement : “Nous sommes ravis et reconnaissants du soutien et de la confiance que la Banque européenne d'investissement accorde à notre technologie de pointe. Ce prêt fait suite au succès de notre récente émission d'actions, qui nous a permis de lever 48,5 millions d'euros, ce qui nous donne un accès combiné à plus de 80 millions d'euros de capital. Cela nous aidera à commercialiser le Genio en Europe et aux États–Unis, s'il est approuvé, tout en contribuant à augmenter la capacité de production et à soutenir l'innovation.

A propos de Nyxoah

Nyxoah opère dans le secteur des technologies médicales. Elle se concentre sur le développement et la commercialisation de solutions innovantes destinées à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS). La principale solution de Nyxoah est le système Genio®, une thérapie de neurostimulation du nerf hypoglosse sans sonde et sans batterie qui a reçu le marquage CE, centrée sur le patient et destinée à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS), le trouble respiratoire du sommeil le plus courant au monde. Ce dernier est associé à un risque accru de mortalité et des comorbidités, dont les maladies cardiovasculaires. La vision de Nyxoah est que les patients souffrant de SAOS doivent pouvoir profiter de nuits réparatrices et vivre pleinement leur vie.

À la suite de la réussite de l'étude BLAST OSA, le système Genio® a reçu son marquage CE européen en 2019. Nyxoah a réalisé deux introductions en bourse réussies : sur Euronext Bruxelles en septembre 2020 et sur le NASDAQ en juillet 2021. Suite aux résultats positifs de l'étude BETTER SLEEP, Nyxoah a reçu l'approbation du marquage CE pour l'élargissement de ses indications thérapeutiques aux patients atteints de Collapse Concentrique Complet (CCC), actuellement contre–indiqués dans la thérapie des concurrents. En outre, la Société mène actuellement l'étude pivot DREAM IDE en vue d'obtenir l'approbation FDA et de commercialisation aux États–Unis.

Pour plus d'informations, veuillez consulter le rapport annuel de la société pour l'exercice 2023 et visiter le site suivant http://www.nyxoah.com/.

Attention – Marquage CE depuis 2019. Dispositif expérimental aux États–Unis. Limité par la loi fédérale américaine à un usage expérimental aux États–Unis.

Déclarations Prospectives

Certaines déclarations, croyances et opinions contenues dans le présent communiqué de presse sont de nature prospective et reflètent les attentes actuelles de la société ou, le cas échéant, des administrateurs ou de la direction de la société concernant la conclusion de l'accord de facilité de prêt et de l'accord de bons de souscription synthétiques avec la BEI, l'utilisation du produit de l'accord de facilité de prêt ; le système Genio® et les études cliniques en cours sur le système Genio® ; les avantages potentiels du système Genio® ; les objectifs de Nyxoah concernant le développement, la voie réglementaire et l'utilisation potentielle du système Genio® ; l'utilité des données cliniques pour l'obtention éventuelle de l'approbation de la FDA pour le système Genio® ; la communication des données de l'essai pivot DREAM U. U. de Nyxoah, le dépôt d'une demande d'approbation auprès de la FDA et l'entrée sur le marché américain. De par leur nature, les déclarations prospectives impliquent un certain nombre de risques, d'incertitudes, d'hypothèses et d'autres facteurs susceptibles d'entraîner une différence matérielle entre les résultats ou événements réels et ceux exprimés ou sous–entendus dans les déclarations prospectives. Ces risques, incertitudes, hypothèses et facteurs pourraient avoir une incidence négative sur les résultats et les effets financiers des plans et des événements décrits dans le présent document. En outre, ces risques et incertitudes comprennent, sans s'y limiter, les risques et incertitudes énoncés dans la section “Facteurs de risque” du rapport annuel de la société sur le formulaire 20–F pour l'exercice clos le 31 décembre 2023, déposé auprès de la Securities and Exchange Commission (“SEC”) le 20 mars 2024, et des rapports ultérieurs que la société dépose auprès de la SEC. Une multitude de facteurs, y compris, mais sans s'y limiter, les changements dans la demande, la concurrence et la technologie, peuvent faire en sorte que les événements, les performances ou les résultats réels diffèrent de manière significative de tout développement anticipé. Les déclarations prospectives contenues dans le présent communiqué de presse concernant des tendances ou des activités passées ne constituent pas des garanties de performances futures et ne doivent pas être considérées comme une déclaration selon laquelle ces tendances ou activités se poursuivront à l'avenir. En outre, même si les résultats ou développements réels sont conformes aux déclarations prospectives contenues dans le présent communiqué de presse, ces résultats ou développements peuvent ne pas être représentatifs des résultats ou développements des périodes futures. Aucune déclaration ou garantie n'est donnée quant à l'exactitude ou à la justesse de ces déclarations prévisionnelles. En conséquence, la Société décline expressément toute obligation ou tout engagement de publier des mises à jour ou des révisions des déclarations prospectives contenues dans le présent communiqué de presse à la suite d'un changement des attentes ou d'un changement des événements, conditions, hypothèses ou circonstances sur lesquels ces déclarations prospectives sont basées, sauf si la loi ou la réglementation l'exige expressément. Ni la Société, ni ses conseillers ou représentants, ni aucune de ses filiales, ni les dirigeants ou employés de ces personnes ne garantissent que les hypothèses sous–jacentes à ces déclarations prospectives sont exemptes d'erreurs et n'acceptent aucune responsabilité quant à l'exactitude future des déclarations prospectives contenues dans ce communiqué de presse ou quant à la survenance effective des développements prévus. Vous ne devriez pas accorder une confiance excessive aux déclarations prospectives, qui ne sont valables qu'à la date du présent communiqué de presse.

Contact :

Nyxoah
David DeMartino, Chief Strategy Officer
IR@nyxoah.com

Media
Belgique / France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

International/ Allemagne
MC Services – Anne Hennecke
anne.hennecke@mc–services.eu

 

GLOBENEWSWIRE (Distribution ID 1000969769)

A Bleak Future 50 Years after the New International Economic ‘Non-order’?

By Anis Chowdhury
SYDNEY, Jul 3 2024 – Fifty years ago on 1 May 1974, the Sixth Special Session of the General Assembly (April–May) adopted a revolutionary declaration and programme of action on the establishment of a New International Economic Order (NIEO) “based on equity, sovereign equality, interdependence, common interest and cooperation among all States, irrespective of their economic and social systems”. The hope was that a NIEO would “correct inequalities and redress existing injustices, make it possible to eliminate the widening gap between the developed and the developing countries and ensure steadily accelerating economic and social development and peace and justice for present and future generations”. Alas, what evolved is far from what was envisioned or called for.

Anis Chowdhury

Failed aid promise

The NIEO resolution reaffirmed the minimum target – originally defined in the strategy for the second Development Decade – of 1% of the gross national product (GNP) of each developed country to be transferred to developing countries, out of which 0.7% of GNP would be as official development assistance (ODA).

But, ODA steadily declined from around 51% of GNI in the early 1960s to around 32% during 2017-2021. Oxfam estimated that 50 years of broken promises meant a US$5.7 trillion aid shortfall by 2020. Only five countries met the ODA target of 0.7% of GNI: Denmark (0.70%), Germany (0.83%), Luxembourg (1.00%), Norway (0.86%) and Sweden (0.90%).

 

 

Unreformed international monetary system and financing of development

The NIEO resolution called for (i) full and effective participation of developing countries in all phases of decision-making at the International Monetary Fund (IMF) and the World Bank; (ii) adequate and orderly creation of additional liquidity through the additional allocation of special drawing rights (SDRs); and (iii) early establishment of a link between SDRs and additional development financing.

None has materialised. Despite repeated commitments, and notwithstanding some minor improvement between 2005 and 2015, the representation of developing countries in international financial institutions, regional development banks and standard-setting bodies, e.g., OECD’s international taxation, has remained largely unchanged. The governments of the largest developed countries continue to hold veto powers in the decision-making bodies of these institutions.

The unchanged mechanism for allocating SDRs in proportion to countries’ IMF quota shares meant that most of the latest SDRs allocation of (about US$650 billion) in 2021 went to advanced economies; developing countries received only about one third, the most vulnerable countries receiving much less. While both G7 and G20 called for a voluntary rechannelling of US$100 billion worth of unused SDRs, only a fraction has actually been rechannelled to developing countries.

Increased indebtedness

The NIEO resolution envisioned “appropriate urgent measures …to mitigate adverse consequences for … development … arising from the burden of external debt”. These included debt cancellations, moratorium, rescheduling or interest subsidisation, and reorientation of international financial institutions lending policies.

Failure to fulfil aid promises and reform the global financial architecture, including the IMF quota-based SDRs allocations, forced developing countries to borrow from commercial sources at exorbitantly high interest rates with shorter maturity terms and no mechanism for restructuring. This has exacerbated the debt crisis. Almost 40% of all developing countries (52 countries) suffer from severe debt problems and extremely expensive market-based financing.

Only after extensive lobbying by civil society organisations, did the IMF and the World Bank jointly take the Heavily Indebted Poor Countries Initiative in 1996, supplemented by the Multilateral Debt Relief Initiative in 2005. Despite the IMF’s debt service relief, and some limited G20 debt service suspension during the Covid-19 pandemic for low-income countries (LICs), the debt crisis worsened, with 60% LICs already at high risk of or in debt distress.

Rising food insecurity

The NIEO resolution called for the accumulation of buffer stocks of commodities in order to offset market fluctuations, combat inflationary tendencies, and ensure grain and food security.

Developing countries are far from attaining food security. Even before the Ukraine war, food insecurity around the world was rising. The Food and Agricultural Organization (FAO) estimated that in 2022 approximately 30% of the global population (2.4 billion people), did not have constant access to food. Among them, around 900 million people faced severe food insecurity, and an additional 122 million people have been pushed into hunger since 2019. World Bank projections show that by 2030, over 600 million people will still struggle to feed their families.

Meanwhile, Africa turned from a net-exporter to a net-importer of food since the adoption of NIEO resolution. While developing countries had an overall annual agricultural trade surplus of almost US$7 billion in the early 1960s, “since the beginning of the 1990s they have generally been net importers of agricultural products, with a deficit in 2001, for example, of US$11 billion.”

Deindustrialisation

The NIEO resolution called for “all efforts … by the international community” for “the industrialization of the developing countries”.

Except for a few countries in Asia, deindustrialisation has become the unfortunate fate for developing countries. For Africa, the GDP share of manufacturing declined from around 17% in 1990 to around 11% in 2019, and Africa remains the least industrialised region in the world. In most central Asian countries, manufacturing’s GDP shares declined from around 20% in the early 1990s to less than 10% in 2015. Large Latin American countries, e.g., Argentina, Brazil, Chile and Mexico also witnessed declines in manufacturing’s GDP shares.

The deindustrialisation has seen increasing specialisation in commodities, resource-based manufactures and low productivity services. Thus, majority of developing countries remain vulnerable to commodity price swings.

Even late-comer Asian developing countries, including China, face the risk of premature deindustrialisation. Some, e.g., Malaysia, the Philippines and Thailand, are already are in a ‘middle-income trap’.

Trade and technology barriers

The NIEO resolution asked for “improved access to markets in developed countries through the progressive removal of tariff and non-tariff barriers and of restrictive business practices”.

Yet, there has been a resurgence of protectionism in OECD countries since the late 1970s. The trade protectionism under different guises, such as health and sanitary standards, persisted even after the establishment of the World Trade Organization (WTO). The World Bank has warned, “protectionist measures are on the rise… [and] detrimental policies have been outpacing trade-liberalizing policies”.

The NIEO resolution also emphasised that developing countries needed to be given “access on improved terms to modern technology and to adapt that technology, as appropriate… and … adapt commercial practices governing transfer of technology to the requirements of the developing countries”.

Still, strengthened intellectual property rights, reinforced in the WTO’s agreement on Trade-Related Intellectual Property Rights (TRIPs), have raised the costs of acquiring technology, reducing technology transfers, raising transnational corporations (TNCs)’ monopoly powers. Developed countries refused to relax TRIPs to allow developing countries’ access to Covid-19 vaccines, drugs and testing technologies.

Unabated power of transnational corporations

The NIEO resolution demanded “permanent sovereignty of States over natural resources”; and “regulation and control over the activities of transnational corporations… to prevent interference in the internal affairs of the countries … to eliminate restrictive business practices…to conform to the national development plans and objectives of developing countries, …to transfer …technology and management skills to developing countries on equitable and favourable terms; to regulate the repatriation of the profits … and to promote reinvestment of their profits in developing countries”.

The UN Commission on TNCs, a body created in 1974 for the purpose, struggled to agree on the draft code of conduct on TNCs, and in 1994 was replaced by a Commission of the Trade and Development Board of UNCTAD.

TNCs continue to influence and mould domestic and international politics to their interests. TNCs have governments at their beck and call – witness their consistent success at dodging tax payments. Stringent WTO’s TRIPS was adopted at the behest of TNCs, especially to protect monopoly profits of big transnational pharmaceutical companies.

TNCs exert political influence to liberalise trade and investment; obtain subsidies; reduce their tax burdens; dilute working conditions; relax environmental protection. As Dani Rodrik noted, the WTO is heavily influenced by major banks and TNCs. Through the World Economic Forum (WEF), the TNCs are now setting global economic agenda.

Diminished States

The NIEO resolution contained the Charter on Economic Rights and Duties of States. However, neo-liberalism promoted by US President Reagan and UK Prime Minister Thatcher sees State as a problem. Privatisation, liberalisation and deregulation have significantly eroded the State from its customary intervention in regulating economic growth and promoting redistribution. The erosion of the State as an institution is visible in underfunded social programmes, a smaller public sector, weakened regulatory structures, foregone infrastructure projects, public assets sales and continued privatisation.

Questionable legitimacy of global economic governance

The NIEO resolution demanded that the United Nations, in particular the Economic and Social Council, be entrusted with the responsibility of setting global economic agenda and coordinating it as the most inclusive organisation with legitimacy. Besides the TNC takeover of global economic agenda setting through WEF, non-inclusive informal country groupings, e.g., G7 and G20, with questionable legitimacy and formal bodies, e.g., OECD and Bank for International Settlements, are acting as norm-setters. Thus, developing countries remain unpresented and disadvantaged.

Opportunity lost

The NIEO resolution was initiated in the wake of the collapse of the post-World War II Bretton Woods System in 1971, aimed at supporting development aspirations of developing and newly decolonised countries. However, the developed world failed to see that more orderly world growth and prosperity of developing countries would have benefited them too.

Instead, they engaged in protected negotiations dragging on for about two years. The resolution was adopted by a divisive majority vote (123 for, 50 against and 1 abstention) amidst fierce opposition from developed countries.

The United States took the position that “it cannot and does not accept any implication that the world is now embarked on the establishment of something called the New International Economic Order”. The NIEO effectively went into oblivion after President Reagan declared in 1981, “We should not seek to create new institutions”.

Thus, the developed world ensured NIEO’s failure while the global economy continues to struggle under a “non-system”. The world economy has also become more crisis prone; we had the Latin American debt crisis in the 1980s, the 1997-98 Asian financial crisis, the 1998 Russian financial crisis, the 2000 Turkish lira crisis and the 2002 Argentine crisis within a short span of two decades. And the global financial and economic crisis showed, a crisis originating in one corner of the globe can quickly engulf the whole world.

Yet, we still do not have a global financial governance mechanism to deal with such crises fairly. What is most disappointing may not be the failure of the NIEO as such, but the hope that it inspired.

A bleak future?

Initiated by Progressive International, delegates from over 25 countries of the Global South assembled in Havana on 27 January 2023 to declare their intent to build a NIEO fit for the 21st century, countering the TNCs’ global economic agenda setting behind the WEF. The signatories of NIEO-Mark II seek to rebuild the collective power of emerging and developing countries for fundamentally transforming the international system, and for alternative ways to respond to global crises.

NIEO-Mark II is essentially, a call for shared and differentiated responsibilities for equitable development. Developed countries acknowledge the principle of ‘common but differentiated responsibilities’, formalised at the 1992 Rio Earth Summit. But they have failed to meet their financing commitments and reneged on various targets to address global warming.

Amidst ongoing global challenges, including the climate emergency geopolitical conflicts, public health crisis, global food insecurity, outstripping the response capacity of the UN, the UN Secretary-General has called for a Summit of the Future – Our Common Agenda to be held on 22-23 September 2024.

The Summit of the Future is expected to find multilateral solutions for better tomorrow; resulting in an inter-governmentally agreed “Pact for the Future” to tackle emerging threats and opportunities.

What is the chance that the nations would agree to the “Pact for the Future”? To what extent the Pact will accommodate NIEO-Mark II?

The world now is more divided than it was in the 1970s when NIEO-Mark I was first proposed. Yet, plagued by ideological conflicts, NIEO-Mark I failed, making the world more crisis prone. One can only hope that the rising ideological and geo-political tensions do not lead to a bleak future.

Anis Chowdhury, Emeritus Professor, Western Sydney University (Australia). Served as a senior official at the UN Department of Economic Social Affairs (UN-DESA, New York) and UN Economic and Social Commission for Asia and the Pacific (UN-ESCAP, Bangkok) between 2008-2016.

IPS UN Bureau

 


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Myanmar: International Action Urgently Needed

Crerdit: STR/AFP via Getty Images

By Andrew Firmin
LONDON, Jul 3 2024 – Myanmar’s army, at war with pro-democracy forces and ethnic militias, must know it’s nowhere near victory. It recently came close to losing control of Myawaddy, one of the country’s biggest cities, at a key location on the border with Thailand. Many areas are outside its control.

The army surely expected an easier ride when it ousted the elected government in a coup on 1 February 2021. It had ruled Myanmar for decades before democracy returned in 2015. But many democracy supporters took up arms, and in several parts of the country they’ve allied with militia groups from Myanmar’s ethnic minorities, with a long history of resisting military oppression.

Setbacks and violence

Army morale has collapsed. Thousands of soldiers are reported to have surrendered, including complete battalions – some out of moral objections to the junta’s violence and others because they saw defeat as inevitable. There have also been many defections, with defectors reporting they’d been ordered to kill unarmed civilians. Forces fighting the junta’s troops are encouraging defectors to join their ranks.

In response to reversals, in February the junta announced it would introduce compulsory conscription for young people, demanding up to five years of military service. An estimated 60,000 men are expected to be called up in the first round. The announcement prompted many young people to flee the country if they could, and if not, seek refuge in parts of Myanmar free from military control.

There have also been reports of army squads kidnapping people and forcing them to serve. Given minimal training, they’re cannon fodder and human shields. Rohingya people – an officially stateless Muslim minority – are among those reportedly being forcibly enlisted. They’re being pressed into service by the same military that committed genocide against them.

People who manage to cross into Thailand face hostility from Thai authorities and risk being returned against their will. Even after leaving Myanmar, refugees face the danger of transnational repression, as government intelligence agents reportedly operate in neighbouring countries and the authorities are freezing bank accounts, seizing assets and cancelling passports.

Conscription isn’t just about giving the junta more personnel to compensate for its losses – it’s also part of a sustained campaign of terror intended to subdue civilians and suppress activism. Neighbourhoods are being burned to the ground and hundreds have died in the flames. The air force is targeting unarmed towns and villages. The junta enjoys total impunity for these and many other vile acts.

The authorities hold thousands of political prisoners on fabricated charges and subject them to systematic torture. The UN independent fact-finding mission reports that at least 1,703 people have died in custody since the coup, likely an underestimate. Many have been convicted in secret military trials and some sentenced to death.

There’s also a growing humanitarian crisis, with many hospitals destroyed, acute food shortages in Rakhine state, where many Rohingya people live, and an estimated three million displaced. Voluntary groups are doing their best to help communities, but the situation is made much worse by the military obstructing access for aid workers.

International neglect

In March, UN human rights chief Volker Türk described the situation in Myanmar as ‘a never-ending nightmare’. It’s up to the international community to exert the pressure needed to end it.

It’s by no means certain the military will be defeated. Adversity could lead to infighting and the rise of even more vicious leaders. One thing that could make a decisive difference is disruption of the supply chain, particularly the jet fuel that enables lethal airstrikes on civilians. In April, the UN Human Rights Council passed a resolution calling on states to stop supplying the military with jet fuel. States should implement it.

Repressive states such as China, India and Russia have been happy enough to keep supplying the junta with weapons. But democratic states must take the lead and apply more concerted pressure. Some, including Australia, the UK and USA, have imposed new sanctions on junta members this year, but these have been slow in coming and fall short of the approach the Human Rights Council resolution demands.

But the worst response has come from the Association of Southeast Asian Nations (ASEAN). Ignoring reality and civil society’s proposals, ASEAN has stuck to a plan it developed in April 2021 that simply hasn’t worked. The junta takes advantage of ASEAN’s weakness. It announced compulsory conscription shortly after a visit by ASEAN’s Special Envoy for Myanmar.

ASEAN’s neglect has allowed human rights violations and, increasingly, transnational organised crime to flourish. The junta is involved in crimes such as drug trafficking, illegal gambling and online fraud. It uses the proceeds of these, often carried out with the help of Chinese gangs, to finance its war on its people. As a result, Myanmar now ranks number one on the Global Organized Crime Index. This is a regional problem, affecting people in Myanmar’s neighbouring countries as well.

ASEAN members also have an obligation to accept refugees from Myanmar, including those fleeing conscription. They should commit to protecting them and not forcing them back, particularly when they’re democracy and human rights activists whose lives would be at risk.

Forced conscription must be the tipping point for international action. This must include international justice, since there’s none in Myanmar. The junta has ignored an order from the International Court of Justice to protect Rohingya people and prevent actions that could violate the Genocide Convention, following a case brought by the government of The Gambia alleging genocide against the Rohingya. The UN Security Council should now use its power to refer Myanmar to the International Criminal Court so prosecutions of military leaders can begin.

China and Russia, which have so far refused to back calls for action, should end their block on Security Council action, in the interests of human rights and to prevent growing regional instability.

Andrew Firmin is CIVICUS Editor-in-Chief, co-director and writer for CIVICUS Lens and co-author of the State of Civil Society Report.

 


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Zionism is Broken

A child waits to fill water containers in Gaza. Credit: UNRWA

 
In its latest update last week. the UN agency for Palestinian refugees, UNRWA, reported “especially intense” airstrikes in central Gaza in recent days, particularly in Bureij, Maghazi and Nuseirat refugee camps and eastern Deir Al-Balah.

 
Meanwhile, the Israeli military’s ground offensive “continues to expand”, UNRWA noted, particularly in the southern regions of Gaza City and eastern Rafah, causing further suffering and further “destabilising” humanitarian aid flows.

By James E. Jennings
ATLANTA, Georgia, Jul 3 2024 – Zionism is broken. It is finished as a political philosophy and cannot long survive. Having earned the visceral opposition of multitudes of people and countries around the world for engaging in vast overkill in Gaza, that historical reality will likely become clear to the Israeli people over time.

Still, how could the most powerful state in the Middle East, the most flourishing economically, with the strongest superpower backing, become defunct? It cannot—unless somehow its chief raison d’etrê, its founding philosophy, collapses. That has already happened.

In the wake of the October 7 attack by Hamas, the visceral racist core of Zionism has become evident in the indiscriminate slaughter of tens of thousands of innocent Palestinian civilians, including many thousands of children.

No reason of state can ever excuse that. Israel’s righteous anger against HAMAS for its obscene October 7 attack transitioned quickly into racial hatred, ending in, if not genocide, then certainly war crimes and crimes against humanity. Netanyahu and his Likud allies have not hidden their racism for decades. Now it is explicit in full view of the world.

The Zionism of Netanyahu and his supporters must be repudiated by the Israelis themselves. Israel’s leaders from Menachem Begin to today have long endorsed statements lauding Israel uber alles.

Zionism can only be rehabilitated if it separates its reason for existing from the current triumphalist military identity that is determined to kill, kill, and kill again until the utter destruction and suppression of all every tangible and ideological enemy.

In a recent CNN interview, former Shin Beth Director Ami Ayalon, was very explicit: he said “The toxic leadership of Prime Minister Netanyahu” [in pursuing an endless war] will “lead to the end of Zionism.” In that case, he said, “We cannot be secure and we shall lose our identity.”

Ayalon was preceded by a number of courageous Israeli thinkers and writers who warned of the same outcome—Israel was founded in 1948 but in their opinion, Zionism had already failed ideologically by the mid-1960s. They included Hebrew University professor Israel Shahak (1933-2001), who wrote, “It is my considered opinion that the State of Israel is a racist state in the full meaning of the term.”

He insisted that, “You cannot have humane Zionism. It (too) is a contradiction in terms.” Uri Avnery (1923-2018), a decorated Israeli soldier and later a publisher and politician, published a book in 1968 titled Israel without Zionists.

Many of the original Jewish colonists had utopian dreams, but their leaders would probably not recognize the grim, revengeful militarism of today’s Israel. A few tiny orthodox religious parties in Israel have never bought into the military machine that is the Likud Party’s pride and joy.

Some have steadfastly refused even to serve in the Israeli army because they don’t believe in the Israeli state. Now even they are being conscripted.

The original dream of Zionism from Theodore Herzl to Chaim Weizmann to David Ben Gurion, although containing seeds of a today’s hob-booted military identity, nevertheless also expressed a grandiosely humane, even a universal, goal—to become a “light to the nations.” In that, Israel has signally failed.

Like HAMAS and most Palestinians, Israel’s people—and Israel as a country—has become increasingly and deeply racist. Now racism—hatred of others for their differences—has become racial-ism, which is even worse, a doctrine of race superiority, which was the Nazi credo.

The Israel of Benjamin Netanyahu and his thuggish coalition has succumbed to such race hatred that Zionists from pre-1948 Palestine would not recognize it. A Jan. 6, 2024 opinion article in the Jerusalem Post urges Israel to reform its politics along better Zionist lines and take power away from the extremists now in charge. Commendable, but not nearly enough.

What if Abraham Lincoln had countenanced America’s original sin of slavery by merely taking half steps? We might still have “slavery lite.” No, Israel’s race-based philosophy must change to the democratic ideal: a single state in Israel and the occupied territories for Muslims, Christians, and Jews. One person, one vote.

When Palestinians are treated as human beings—as real people instead of enemies to be eradicated en masse—people everywhere would soon see how quickly peace would come to the Middle East.

James E. Jennings, PhD, is President, Conscience International
www.conscienceinternational.org
conscience@earthlink.net

IPS UN Bureau

 


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US Arms Suppliers in Gaza Killings Should be “Named, Shamed & Boycotted”

A child watches as bodies are recovered from under the rubble of a house in the Al-Nasr neighborhood, east of the city of Rafah, in the southern Gaza Strip. Credit: UN News/Ziad Taleb

By Thalif Deen
UNITED NATIONS, Jul 3 2024 – The US gun lobby justifies the unfettered American gun ownership in the US on a misguided premise: Guns don’t kill people, it’s bullets that kill people.

The accusations of genocide and war crimes in Gaza have been directed firstly, at Israel, for the killings of more than 37,700, mostly civilians, and over 86,000 injured, in retaliation for the 1,200 killed by Hamas last October, according to estimates from Gaza health officials, as cited by Cable News Network (CNN) last week.

And secondly, the blame is also squarely on the United States, the unrestrained supplier of arms, including the devastating 2,000-pound unguided bombs, to the Netanyahu government.

But a group of UN human rights experts is now blaming a third force: US arms manufacturers who are accused of implicitly killing people, along with financial institutions that fund most of these weapons suppliers.

“The transfer of weapons and ammunition to Israel may constitute serious violations of human rights and international humanitarian laws and risk State complicity in international crimes, possibly including genocide, the UN experts said last week, reiterating their demand to stop transfers immediately.”

In line with recent calls from the Human Rights Council, the UN experts are calling for halt to the sale, transfer and diversion of arms, munitions and other military equipment to Israel by US arms manufacturers – including BAE Systems, Boeing, Caterpillar, General Dynamics, Lockheed Martin, Northrop Grumman, Oshkosh, Rheinmetall AG, Rolls-Royce Power Systems, RTX, and ThyssenKrupp.

The experts say these defense contractors should also end transfers, even if they are executed under existing export licenses.

“These companies, by sending weapons, parts, components, and ammunition to Israeli forces, risk being complicit in serious violations of international human rights and international humanitarian laws,” the experts said.

This risk is heightened by the recent decision from the International Court of Justice (ICJ) ordering Israel to immediately halt its military offensive in Rafah, having recognised genocide as a plausible risk, as well as the request filed by the Prosecutor of the International Criminal Court (ICC) seeking arrest warrants for Israeli leaders on allegations of war crimes and crimes against humanity.

“In this context, continuing arms transfers to Israel may be seen as knowingly providing assistance for operations that contravene international human rights and international humanitarian laws and may result in profit from such assistance.”

Dr Ramzy Baroud, a journalist and Editor of The Palestine Chronicle, told IPS the UN experts’ statement is important, as it highlights the complex role of the US in supporting, sustaining, and benefiting from the Israeli genocide in Gaza.

“Quite often we call on, demand and implore the US to end its support of Israel, so that the genocide may come to an end. The experts, however, are reminding us that the US involvement is not confined to that of the White House, and direct or indirect US military and logistical support to Israel”, he pointed out.

Indeed, he said, US support is channeled through multiple players, those who manufacture, transport, assemble and maintain the weapons and munition — a multi-billion-dollar military machine that has harvested the lives of tens of thousands of Palestinians.

These companies must be named, shamed, boycotted and held accountable in every possible way. They must understand that there are legal repercussions to their action, as they are complicit in the Israeli crimes against the Palestinians, said Dr Baroud, a Non-resident Senior Research Fellow at the Center for Islam and Global Affairs (CIGA).

These companies are, as the experts said, ‘knowingly’ providing direct assistance to Israel in its genocidal war. They are fully aware of the extent of these crimes as articulated in the South African case against Israel at the ICJ, and the call for arrest warrants by the chief prosecutor of the ICC.

The next rational step is for these companies to be taken to task. They seem to have no moral threshold. Their quest for profits by far exceeds their concern that their weapons are killing thousands of children, women and civilians in Gaza, and throughout occupied Palestine. They must face justice as participants in the Israeli genocide in Gaza, declared Dr Baroud.

Norman Solomon, executive director, Institute for Public Accuracy, told IPS it’s difficult to draw any clear distinction between the U.S. government and the arms makers that sell to it.

“The two are so intertwined that differentiating between them is often a distinction without a difference. The revolving door for individuals, in both directions, places weapons executives in pivotal government positions and vice versa”.

The magnitude of the military profits, he pointed out, is overwhelming in the nation’s political economy and culture. The multibillion-dollar corporations that depend on selling weaponry to the government are directly participating in a routine process of literally making a killing on behalf of massive profit-taking.

To call these firms “defense contractors” is a misnomer, since what they sell has little to do with defense in any meaningful sense, he argued.

“The stepped-up weapons sales and gifts to Israel are continuations of a partnership between the U.S. government and arms suppliers with the purpose of aiding an ally and reaping still more massive profits. In tandem, the U.S. government and the companies are providing Israel with the means to continue mass murder of Palestinian civilians in Gaza. The core of the problem is lack of democracy and vastly excessive corporate power”.

In moral terms, the culpability is far-reaching. Yet, in a sinister way, he said, the military contractors are doing what capitalism provides for them to do — seek to maximize profits regardless of the consequences for human beings and the natural environment.

In contrast, within a democratic system, government is supposed to be responsive to the informed consent of the governed — conditions that certainly do not exist in the United States.

Meanwhile, in terms of international law and human decency, the U.S. government and its arms suppliers are guilty of horrendous crimes, which assist and compound those of Israel, declared Solomon, who is also national director, RootsAction.org and author of, “War Made Invisible: How America Hides the Human Toll of Its Military Machine”

A report from the Human Rights Council in mid-June details six emblematic attacks involving the suspected use of GBU-31 (2,0000 lbs), GBU-32 (1,000 lbs) and GBU-39 (250 lbs) bombs from 9 October to 2 December 2023 on residential buildings, a school, refugee camps and a market.

The UN Human Rights Office verified 218 deaths from these six attacks, and said information received indicated the number of fatalities could be much higher.

“The requirement to select means and methods of warfare that avoid or at the very least minimise to every extent civilian harm appears to have been consistently violated in Israel’s bombing campaign,” said High Commissioner for Human Rights Volker Türk.

The report says the series of Israeli strikes, exemplified by the six incidents, indicates that the IDF may have repeatedly violated fundamental principles of the laws of war. In this connection, it notes that unlawful targeting when committed as part of a widespread or systematic attack against a civilian population, in line with a State or organisational policy, may also implicate the commission of crimes against humanity.

Financial institutions investing in these arms companies are also called to account. Investors such as Alfried Krupp von Bohlen und Halbach-Stiftung, Amundi Asset Management, Bank of America, BlackRock, Capital Group, Causeway Capital Management, Citigroup, Fidelity Management & Research, INVESCO Ltd, JP Morgan Chase, Harris Associates, Morgan Stanley, Norges Bank Investment Management, Newport Group, Raven’swing Asset Management, State Farm Mutual Automobile Insurance, State Street Corporation, Union Investment Privatfonds, The Vanguard Group, Wellington and Wells Fargo & Company, are urged to take action.

Failure to prevent or mitigate their business relationships with these arms manufacturers transferring arms to Israel could move from being directly linked to human rights abuses to contributing to them, with repercussions for complicity in potential atrocity crimes, the experts said.

“Arms initiate, sustain, exacerbate, and prolong armed conflicts, as well as other forms of oppression, hence the availability of arms is an essential precondition for the commission of war crimes and violations of human rights, including by private armament companies,” said the experts.

The experts paid tribute to the sustained work of journalists who have been documenting and reporting on the devastating impact of these weapons systems on civilians in Gaza, and human rights defenders and lawyers, among other stakeholders, who are dedicated to holding States and companies accountable for the transfer of weapons to Israel.

IPS UN Bureau Report

 


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Pandemic’s ‘Silver Lining’ for Caribbean Was the Use of Technology

By Jewel Fraser
PORT-of-SPAIN, Trinidad , Jul 3 2024 – Global South countries did get one benefit from the COVID-19 pandemic. A professor at St. George’s University in Grenada describes it as the pandemic’s “silver lining.” He was referring to the widespread use of next-generation genomic sequencing technology to identify, track, and trace the numerous variants of the Sars Cov-2 virus. Researchers and scientists in the Caribbean, Africa, and elsewhere have been eagerly harnessing genomic sequencing technology to develop resilience and greater self-sufficiency in numerous fields, ranging from health surveillance to agriculture and beyond.

In this podcast, IPS Caribbean correspondent Jewel Fraser speaks with Professor Dr. Martin Forde at St. George’s University in Grenada about a research paper published in The Lancet that he coauthored looking at the Caribbean’s use of genomic sequencing technology.

To be fully transparent, we recorded this interview in early 2023, and it’s possible that new developments have occurred since then. Also, Forde and his colleagues’ paper relied solely on the data available in the GISAID database.

Music credit: https://www.fesliyanstudios.com/

 


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Apparel Group Launches Exciting ‘Summer-Time’ Campaign 2024 Featuring More than 36 of Their Brands

  • Apparel Group hosted a lifestyle shoot in partnership with Anantara The Palm Resort, showcasing their summer collections that are available in store and on 6thstreet.com.
  • Celebrating Summer Time with Apparel Group Brands – Aldo, Aldo Accessories, Ardene, Asics, Athlete’s Co., Beverly Hills Polo Club, Birkenstock, Calvin Klein, Charles & Keith, Cold Stone Creamery, Crocs, Dune London, F5 Global, Forest Essentials, Forever New, Havaianas, Herschel, Inglot, Jamie’s Italian, La Vie En Rose, LC Waikiki, LCW Home, New Yorker, Nine West, Not Ordinary, Nysaa, R&B Kids, Rituals, Skechers, Steve Madden, The Children’s Place, Tim Hortons and Tommy Hilfiger

DUBAI, United Arab Emirates, July 03, 2024 (GLOBE NEWSWIRE) — Apparel Group, a leading retail and lifestyle conglomerate, is excited to announce the release of their newest Summer Time campaign showcasing summer collections from more than 36 Apparel Group brands. In collaboration with Anantara The Palm Resort, this lifestyle shoot combines the fashion–forward expertise of Apparel Group with the luxurious ambiance and pristine settings, promising a summer collection that redefines style and elegance.

Mrs. Sima Ganwani Ved, Founder and Chairwoman of Apparel Group, expressed her enthusiasm for the launch, stating, “We are so excited to share Apparel Group’s summer look–book for 2024, with over 36 of Apparel Group international and home grown brands, each bringing their unique flair to this exciting season. This summer campaign is not just about showcasing our summer collection but creating a lifestyle experience that resonates with our customers.”

The summer campaign features a stellar lineup of Apparel Group’s celebrated international and home grown brands, including Aldo, Aldo Accessories, Ardene, Asics, Athlete’s Co., Beverly Hills Polo Club, Birkenstock, Calvin Klein, Charles & Keith, Cold Stone Creamery, Crocs, Dune London, F5 Global, Forest Essentials, Forever New, Havaianas, Herschel, Inglot, Jamie’s Italian, La Vie En Rose, LC Waikiki, LCW Home, New Yorker, Nine West, Not Ordinary, Nysaa, R&B Kids, Rituals, Skechers, Steve Madden, The Children’s Place, Tim Hortons and Tommy Hilfiger. Each brand will bring its unique style and flair, offering everything from casual chic to summer glamour. The collection promises to cater to a wide range of style preferences, ensuring there is something special for everyone.

Customers eager to embrace the summer vibes can look forward to shopping the collection on Apparel Group store outlets and e–commerce platform, 6thStreet.com, where the full range of products will be available. Blending retail innovation with luxury hospitality, this campaign highlights the synergy between Apparel Group and Anantara The Palm Resort catering to residents and tourists positioning the region as the ultimate summer destination.

Stay tuned for a summer of style, sophistication, and scenic beauty, exclusively brought to you by Apparel Group and Anantara The Palm Resort.

ABOUT APPAREL GROUP LLC

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2200+ retail stores and 85+ brands on all platforms while employing over 22,000+ multicultural staff.

Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt. Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.

Apparel Group has created an omni–channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals.

Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.

https://apparelglobal.com/en/
PR@apparelglobal.com

About Anantara The Palm Resort

Anantara is a luxury hospitality brand for modern travellers, connecting them to genuine places, people and stories through personal experiences, and providing heartfelt hospitality in the world’s most exciting destinations. The collection of distinct, thoughtfully designed luxury hotels and resorts provides a window through which to journey into invigorating new territory, curating personal travel experiences.

From cosmopolitan cities to desert sands to lush islands, Anantara connects travellers to the indigenous, grounds them in authentic luxury, and hosts them with passionate expertise. The portfolio currently boasts over 40 stunning hotels and resorts located in Thailand, Maldives, Indonesia, Vietnam, China, Cambodia, Malaysia, Sri Lanka, Mauritius, Seychelles, Mozambique, Zambia, UAE, Qatar, Oman, Tunisia, Portugal, Spain, Hungary, The Netherlands, Italy, Ireland and France, with a pipeline of future properties across Asia, the Middle East, Europe and South America.

For more information on Anantara Hotels, Resorts & Spas, please visit www.anantara.com

Follow us on Facebook: www.facebook.com/anantara; Twitter and Instagram: @anantara_hotels

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/3c050648–49b9–4720–bd36–03eee8be5739

https://www.globenewswire.com/NewsRoom/AttachmentNg/30b0f74f–7194–40d2–9530–8abe169e79c0


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