Bitget Proof-of-Reserves August: Increase in Reserve Ratio and Users' Asset in Ethereum (ETH)

VICTORIA, Seychelles, Aug. 29, 2024 (GLOBE NEWSWIRE) — Bitget, the world's leading cryptocurrency exchange and Web3 company, has shared its monthly update for the transparent tracking of its proof–of–reserves (PoR) highlighting the reserve ratios of Bitcoin (BTC), Ethereum (ETH), USDT and USDC. This update shows the platform's commitment to transparency and security, highlighting significant growth in both user assets and platform reserves.

In August 2024, Bitget's Proof–of–Reserves data showed a significant positive shift, with users' ETH assets increasing by 22%, marking the highest growth rate for ETH this year. BTC assets continued their upward trend with a 6% increase, while USDC saw a robust performance earlier in the period, highlighting user confidence in these key assets.
As of August 2024, Bitget's total reserve ratio stands at an impressive 176% and an increase of 9% from July's 167%. The latest reserve ratios for key assets are as follows:

  • BTC: Platform asset 18,905.85 BTC, Users' assets 6,492.53 BTC, Reserve Ratio 291%
  • USDT: Platform asset 1,041,659,177.52 USDT, Users' assets 858,766,618.14 USDT, Reserve Ratio 121%
  • ETH: Platform asset 123,686.9 ETH, Users' assets 81,625.78 ETH, Reserve Ratio 152%
  • USDC: Platform asset 77,244,895.83 USDC, Users' assets 13,633,360.87 USDC, Reserve Ratio 567%

In August, Bitget's reserves strengthened across all major assets. BTC and ETH user assets grew, with BTC's reserve ratio rising to 291%. USDT and USDC reserve ratios improved significantly to 121% and 567%, respectively.
“Bitget’s strength and leadership in the Web3 space is anchored in providing the highest standards of security and transparency. Our focus on sharing clear proof–of–reserves updates every month guarantees the safety of our user assets. We remain dedicated to setting the benchmark for trust and reliability for CEXs and will continue to maintain this as a part of our user asset security,” said Gracy Chen, CEO at Bitget.

From January to August 2024, Bitget has observed substantial growth in user assets across all major cryptocurrencies. ETH has led the way with an impressive 200.88% increase, reflecting heightened user interest and confidence in the asset. BTC assets also saw a robust growth of 96.55%, nearly doubling over the eight–month period. USDT followed closely with a 69.89% increase, showing strong and steady user accumulation. Meanwhile, USDC assets grew by 30.17%, indicating consistent, though more modest, user engagement. Overall, this period highlights significant and diversified growth in user assets on Bitget.

The updated PoR showcases Bitget's efforts in maintaining more than industry standard 100% reserves, which effectively guarantees that users' assets are safe. The platform is capable of covering user withdrawals, even if all user assets are withdrawn.
In addition to maintaining a higher than industry standard PoR, Bitget insures its users further with a $300M Protection Fund, now valued over $400 million according to its latest protection fund report. This gives the platform an extra layer of resilience against cybersecurity threats. Users who have their accounts compromised in unfortunate incidents not attributed to their own actions or trading behavior can make a claim through the Bitget Protection Fund.

For real–time PoR tracking, please visit – https://www.bitget.com/proof–of–reserves

About Bitget

Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world–class multi–chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90ab6fe4–5cb6–436c–a969–6affce93009a


GLOBENEWSWIRE (Distribution ID 1000988971)

Hisense Unveils Official Sponsorship of Real Madrid

JOHANNESBURG, Aug. 29, 2024 (GLOBE NEWSWIRE) — Hisense, the global leader in consumer electronics and home appliances proudly announced its official sponsorship of Real Madrid, one of the most prestigious football clubs in the world. This landmark event took place at Ciudad Deportiva Real Madrid and featured the esteemed presence of Jerry Liu, Vice President of Hisense International, and Emilio Butragueño, Director of Institutional Relations at Real Madrid.

The comprehensive three–year regional sponsorship, will encompass Spain, Africa and the Middle East. It will prominently display the Hisense brand and its innovative product line to 80,000 fans at the iconic Santiago Bernabéu Stadium in Madrid. Audiences around the globe will experience this partnership through broadcast, digital and social channels platforms. To mark the partnership and their shared vision of innovation and excellence, Hisense and Real Madrid will jointly launch a limited–edition co–branded 100–inch TV. This state of the art television promises to revolutionize the home viewing experience with unparalleled picture quality and immersive sound, bringing fans closer to the action than ever before.

During the sponsorship launch in Johannesburg attended by media representatives and soccer legends such as Lucky Lekgwathe, Portia Modise and Hlompo Kekana, Ms Luna Nortje, General Manager of Hisense South Africa, remarked, “Hisense has established a strong presence in the world of sports. Our global sports sponsorships underscore our commitment to excellence and bringing people together. We are immensely honored to sponsor Real Madrid. This partnership not only emphasizes our commitment to innovation but also our commitment to fostering the spirit of unity and competitive excellence.”

Building on its successful sponsorships of the UEFA European Championships and the FIFA World Cup, Hisense aims to captivate audiences with this new partnership. Designed for sports enthusiasts and technology aficionados alike, the groundbreaking 100–inch TV and other signature appliances such as laundry systems, refrigerators, and air conditioners will soon be available at selected stores in South Africa. Fans can look forward to the release details and pricing.

Ms. Nortje concludes, “Hisense remains steadfast in its commitment to technological innovation. We are devoted to developing products that elevate both our consumers' homes and their overall experiences.”


GLOBENEWSWIRE (Distribution ID 1000988970)

Hovnanian Enterprises Announces Strategic Partnership Between K. Hovnanian M.E. and Saudi Arabia's Ministry of Municipalities and Housing

MATAWAN, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder across the United States, announced the signing of a Memorandum of Understanding (MOU) between its subsidiary, K. Hovnanian M.E. Investments, LLC, and the Ministry of Municipalities and Housing of the Kingdom of Saudi Arabia. The MOU, signed under the patronage of His Excellency Majed bin Abdullah Al–Hogail, Minister of Municipalities and Housing and Chairman of the Saudi Real Estate Refinance Company (SRC), took place on August 21, 2024, during the Minister’s official visit to the United States.

The MOU, focused on fostering cooperation and strategic partnership in the real estate finance sector, was signed by Mr. Abdul Rahman bin Abdullah Al–Tawil, Deputy Minister for Residential Supply Stimulus & Real Estate Development, and Ara K. Hovnanian, Chairman of the Board, President, and Chief Executive Officer of Hovnanian Enterprises, Inc.

Hovnanian, with its extensive experience in delivering over 369,000 homes in the United States, will leverage this expertise through K. Hovnanian M.E. Investments, LLC to enhance the housing sector in Saudi Arabia.

This collaboration will bring global expertise, innovative homebuilding designs, and advanced construction technologies to Saudi Arabia, enhancing the development of integrated communities. The partnership will also focus on conducting joint workshops and preparing executive studies to expedite housing projects with greater efficiency and effectiveness, directly supporting Saudi Arabia's Vision 2030 and its objective to create vibrant neighborhoods and attract further investment in the housing sector.

“We are thrilled about the future of the Kingdom of Saudi Arabia and honored to contribute to Vision 2030 and its critical housing initiatives. This partnership enables us to bring our decades of experience in residential development to a dynamic and growing market, where we can help shape innovative communities that truly enhance the quality of life for their residents,” said Ara K. Hovnanian.

ABOUT HOVNANIAN ENTERPRISES, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian® Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e–mail list, please send an e–mail to IR@khov.com or sign up at http://www.khov.com.

FORWARD–LOOKING STATEMENTS

All statements in this press release that are not historical facts should be considered as “Forward–Looking Statements” within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward–looking statements. Such forward–looking statements include but are not limited to statements related to the Company’s goals and expectations with respect to its financial results for future financial periods and statements regarding demand for homes, mortgage rates, inflation, supply chain issues, customer incentives and underlying factors. Although we believe that our plans, intentions and expectations reflected in, or suggested by, such forward–looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. By their nature, forward–looking statements: (i) speak only as of the date they are made, (ii) are not guarantees of future performance or results and (iii) are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from those forward–looking statements as a result of a variety of factors. Such risks, uncertainties and other factors include, but are not limited to, (1) changes in general and local economic, industry and business conditions and impacts of a significant homebuilding downturn; (2) shortages in, and price fluctuations of, raw materials and labor, including due to geopolitical events, changes in trade policies, including the imposition of tariffs and duties on homebuilding materials and products and related trade disputes with and retaliatory measures taken by other countries; (3) fluctuations in interest rates and the availability of mortgage financing, including as a result of instability in the banking sector; (4) adverse weather and other environmental conditions and natural disasters; (5) the seasonality of the Company’s business; (6) the availability and cost of suitable land and improved lots and sufficient liquidity to invest in such land and lots; (7) reliance on, and the performance of, subcontractors; (8) regional and local economic factors, including dependency on certain sectors of the economy, and employment levels affecting home prices and sales activity in the markets where the Company builds homes; (9) increases in cancellations of agreements of sale; (10) increases in inflation; (11) changes in tax laws affecting the after–tax costs of owning a home; (12) legal claims brought against us and not resolved in our favor, such as product liability litigation, warranty claims and claims made by mortgage investors; (13) levels of competition; (14) utility shortages and outages or rate fluctuations; (15) information technology failures and data security breaches; (16) negative publicity; (17) high leverage and restrictions on the Company’s operations and activities imposed by the agreements governing the Company’s outstanding indebtedness; (18) availability and terms of financing to the Company; (19) the Company’s sources of liquidity; (20) changes in credit ratings; (21) government regulation, including regulations concerning development of land, the home building, sales and customer financing processes, tax laws and the environment; (22) operations through unconsolidated joint ventures with third parties; (23) significant influence of the Company’s controlling stockholders; (24) availability of net operating loss carryforwards; (25) loss of key management personnel or failure to attract qualified personnel; (26) public health issues such as major epidemic or pandemic; and (27) certain risks, uncertainties and other factors described in detail in the Company’s Annual Report on Form 10–K for the fiscal year ended October 31, 2023 and the Company’s Quarterly Reports on Form 10–Q for the quarterly periods during fiscal 2024 and subsequent filings with the Securities and Exchange Commission. Except as otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward–looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

 

     
Contact: Brad G. O’Connor Jeffrey T. O’Keefe
  Chief Financial Officer & Treasurer Vice President, Investor Relations
  732–747–7800 732–747–7800
   

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/2384d774–76f5–469c–a550–ca5978012c4f

https://www.globenewswire.com/NewsRoom/AttachmentNg/af226659–a9f4–4260–bd67–f25d3dec8f4e


GLOBENEWSWIRE (Distribution ID 9222176)

Blue Hat Announced Execution of $66.49 Million Gold Acquisition

HONG KONG, Aug. 29, 2024 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (“BHAT” or the “Company”) (NASDAQ: BHAT) announced the execution of a 1,000–kilogram (approximately 2,204.62 pounds) gold delivery, officially marking the launch of its gold supply chain business. This delivery follows the framework agreement signed in October 2023 with Macau Rongxin Precious Metals Technology Co., Ltd. (“Macau Rongxin”), a company registered in Macau with registration number: 86918(SO) registered with the Macau Commercial Register.

The spot price for gold at the time of the October 2023 framework agreement was approximately $61.14 per gram, while the spot price for gold as of August 28, 2024 is approximately $80.61 per gram. The purchase price of the gold delivered to BHAT is approximately $66.49 per gram, for a total purchase price of approximately $66.49 million. This acquisition is a strategic move to develop a gold supply chain business. BHAT plans to leverage this gold in gold supply chain business, providing gold to refineries, wholesalers, and retailers, thereby generating revenue and establishing a robust presence in the gold business.

Chen Xiaodong, CEO of BHAT, commented, “The completion of this significant gold delivery represents a crucial advancement for BHAT in the bulk commodity trading sector. This milestone not only underscores our commitment to expanding our presence in the international market but also strengthens our financial position. We anticipate that this success will drive further growth and unlock additional opportunities for the Company.”

The Company believes that the proceeds from this delivery will enhance its financial flexibility, enabling further expansion within the precious metals market. BHAT remains focused on innovation and operational efficiency as it continues to explore new market opportunities to bolster its competitive standing.

Forward–Looking Statements:

This release contains forward–looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward–looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward–looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings, including its Annual Report on Form 20–F. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward–looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228–0010
Email: ir@bluehatgroup.net
IR Website: https://ir.bluehatgroup.com


GLOBENEWSWIRE (Distribution ID 9222445)

Nikkiso Clean Energy & Industrial Gases Group Announces It Will Double Manufacturing Capacity in Europe

TEMECULA, Calif., Aug. 29, 2024 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases (Group), part of Nikkiso Co. Ltd.’s Industrial Business segment, celebrated the expansion of its manufacturing operations in Wurzen, Saxony, Germany on Aug. 29 during a groundbreaking ceremony. The additional space will nearly double the Group’s manufacturing capacity in Europe.

With the additional space, the Group will build on its existing carbon capture business and bring new manufacturing capabilities for cryogenic pump assembly, heat exchangers and hydrogen fueling skids to meet market demand for cryogenic equipment and plant solutions used in clean energy projects like hydrogen fueling stations, LNG and ammonia terminals, and hydrogen production plants.

“Nikkiso is investing to meet clean energy market demand and growing our operations in Germany because of increasingly favorable market conditions for low–carbon energy solutions,” said Peter Wagner, Executive Chairman, Nikkiso CE&IG Board.

Expanding manufacturing space and capabilities in Europe will help the Group share knowledge and expertise between regions and provide good–paying jobs for local workers — approximately 20 percent growth in the near term with further growth expected longer term.

“Nikkiso brings a depth of experience in the cryogenics industry that few can match,” said Adrian Ridge, CEO, Nikkiso CE&IG. “The facility in Wurzen will be Nikkiso’s manufacturing hub in Europe and complement our customer center in Neuenburg.”

The Prime Minister of Saxony, Michael Kretschmer, added: “The facility expansion of Nikkiso in Wurzen is a far–sighted investment that shows how attractive Saxony is as a business location for international investors. The doubling of production capacity is a vote of confidence that we can be proud of. With this decision, Nikkiso will become an important part of the hydrogen economy that we in Saxony want to rely on in the coming decades. I am delighted that together we are strengthening this cooperation in the direction of clean energy and innovation. This is good news for Wurzen and for Saxony as a business location.”

Facility operations are and will continue to be fully powered by renewable solar energy when the expanded operation is complete in the first half of 2025.

About Nikkiso Clean Energy & Industrial Gases Group

The Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies and applications for clean energy and industrial gas market segments. The Group employs more than 1,700 people in 22 countries and is headed by Cryogenic Industries, Inc. in Southern California, U.S., which is a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376).

Media contact

pr@nikkisoceig.com

About Nikkiso Co. Ltd.

Since its establishment in 1953, Nikkiso has contributed to solving social issues by anticipating the changing times with world–first and Japan–first technologies and products. In the industrial business, Nikkiso has created new markets by developing products in the energy field, hemodialysis–related products in the medical business, and CFRP (carbon fiber reinforced plastic) aerostructures in the aerospace business.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/2bc3aca5–7d42–4a94–bdc6–ba8757e4b0d0

https://www.globenewswire.com/NewsRoom/AttachmentNg/cc46b781–51e8–4458–a1f3–f06f26ac0ba6


GLOBENEWSWIRE (Distribution ID 9222513)

UN Polio Vaccine Campaign in Gaza Will Proceed During Humanitarian Pause

Rik Peeperkorn, the World Health Organization (WHO) representative for Palestine, briefs the media on the polio vaccination campaign in Gaza. Credit: Naureen Hossain/IPS

Rik Peeperkorn, the World Health Organization (WHO) representative for Palestine, briefs the media on the polio vaccination campaign in Gaza. Credit: Naureen Hossain/IPS

By Naureen Hossain
UNITED NATIONS, Aug 29 2024 – The UN’s multi-agency polio vaccine campaign in Gaza is set to begin this weekend. It will do so under continued constraints on humanitarian operations and mobility, but with the assurance from Israel to pause fighting for the campaign to go ahead.

Rik Peeperkorn, the World Health Organization (WHO) Representative for Palestine, briefed reporters virtually on Thursday, August 29, 2024, on the upcoming polio vaccine campaign. The campaign will consist of two rounds, with the first round beginning on September 1.

There will be a four-week interval between the first and second doses. Over 1.26 million doses of the polio vaccine have arrived in Gaza, with room for an additional 400,000 doses. The campaign, coordinated with WHO, UNICEF, UNRWA and the Palestine Ministry of Health, will aim to administer two drops of novel oral polio vaccine type 2 (nOPV2) to at least 640,000 children under the age of ten.

“It’s critical that we reach 90 percent vaccination coverage during each round,” said Peeperkorn. “That is needed. Actually, you need 90 percent to stop the outbreak, the transmission within Gaza and to prevent the international spread of polio.”

The first round of the campaign will be carried out in three zones over three-day phases: starting in central Gaza, then in southern Gaza, and northern Gaza. Under constant monitoring of the situation, an additional one or two days may be added to extend each period in the zones, according to Peeperkorn. Even with this period, there is still pressure to carry out the campaign as soon as possible to ensure the highest coverage possible.

Health centers have been set up for families to gather to with their children. Ove 2180 outreach workers and volunteers have been trained to administer the vaccine, and mobile teams have been set up to travel to groups that may not be able to visit the centers.

“We want to make sure we have three days of the best access possible, that families bring their children to those fixed sites,” said Peeperkorn. “We will go out and reach out through mobile teams.”

Since the announcement of this campaign in early August, WHO has requested a humanitarian pause for operations to be carried out safely. According to Peeperkorn, an agreement has been reached with the Office of the Coordinator of Government Activities in the Territories (COGAT), wherein a humanitarian pause would come into effect for nine hours from 6am to 3pm.

Under the agreement, the campaign is to be carried out within the timeframe. Peeperkorn stated that the humanitarian pause would be honored and was given assurance by Israeli authorities that evacuation orders would not be issued during the campaign.

“I want to stress that without a humanitarian pause, the campaign delivery—which is already implemented under constraints in a complex environment—will not be possible,” said Peeperkorn.

When asked how confident he was of the campaign’s success, Peeperkorn replied: “I think this is a way forward. I won’t say this is the ideal way forward, but this is a workable way forward. Not doing anything would be really bad. We have to stop this transmission in Gaza… We are reasonable with this approach and everyone is playing accordingly.”

“Of course, all parties will have to stick to this. We have to make sure that every day we can do this campaign in this humanitarian pause.”

Gaza and the West Bank have high immunization coverage across the population. Peeperkorn noted that the immunization rate of over 95 percent in recent years was much higher than in some high-income countries.

Yet since current hostilities broke out in October 2023, immunization for polio dropped from 99 percent in 2022 to less than 90 percent in the first quarter of 2024.

Over the last ten months, blockades of humanitarian aid, electricity and water sanitation resources has seen a breakdown of the healthcare and sanitation systems in Gaza. The lack of clean water and sanitation in Gaza has already seen an increase in respiratory diseases and infections.

IPS UN Bureau Report

 


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BUSINESSNEXT and MDSL Strengthen Partnership to Drive Digital Transformation in Jordan’s Banking Sector

BEIRUT, Lebanon, Aug. 29, 2024 (GLOBE NEWSWIRE) — BUSINESSNEXT, a global leader in composable enterprise solution, and MDSL, an ITG company with a proven track record in delivering turnkey banking solutions, today completed eight years of partnership, accelerating digital transformation in Jordan’s banking sector.

The two companies have been collaborating successfully for eight years, delivering innovative solutions to financial institutions in the region. This renewed commitment underscores their shared vision of empowering banks with cutting–edge technology to enhance customer experiences, optimize operations, and drive growth.

BUSINESSNEXT’s comprehensive platform offers banks a unified view of their customers, enabling personalized interactions powered with predictive and generative AI capabilities. The platform enables modernized sales and service delivery across channels including website, chatbots, contact centre and branches. It also provides AI–driven digital lending and loan origination system to accelerate growth. MDSL’s expertise in core banking, digital banking, payments, and other critical banking infrastructure complements BUSINESSNEXT’s offerings, providing a holistic solution for banks seeking to modernize their operations.

Through this partnership, Jordanian banks will benefit from:

  • Accelerated digital transformation: Leveraging BUSINESSNEXT and MDSL’s combined strengths to rapidly implement innovative solutions.
  • Enhanced customer experience: Delivering personalized and seamless customer journeys across all channels.
  • Multiple deployment options: Optimizing costs based on your specific needs. – SaaS, private cloud or cloud in your premises.
  • Faster go live: Ready capabilities for retail banking, corporate banking and Islamic banking.
  • Seamless Integrations: 170+ Ready integration connectors for the banking ecosystem.

“We are excited to strengthen our partnership with MDSL and expand our reach in the Jordanian market,” said Vishal Khurana, Region Head – Middle East and Africa, BUSINESSNEXT. “Together, we can help banks in Jordan accelerate adoption of new age technologies to drive profitable growth and efficiency.”

Our partnership with BUSINESSNEXT has been a driving force behind the digital transformation in Jordan’s banking sector. As we strengthen our relationship, we remain committed to providing our clients with the advanced technology and expertise they need in this dynamic market,” said Camille Ziade, General Manager at MDSL.

About MDSL

Established in 1978, MDSL, an ITG company, has a proven track record in supplying and integrating turnkey banking solutions across Lebanon and the Middle East. Their offerings include core banking systems, compliance and risk management tools such as asset liability management, profitability analysis, Basel II and IFRS9 compliance, as well as corporate and retail lending solutions. MDSL also provides digital banking and omni–channel services, alongside electronic signature verification. Their expertise extends to EFT solutions and payments, encompassing ATM/POS switching, card management, fraud management, EFT software simulation (including ATM/POS terminals and Host–to–Host interfaces), and instant or central card issuance systems.

Additionally, MDSL offers Telco solutions, business analytics, business intelligence, and enterprise content management solutions.

For more information visit:
https://www.itgholding.com/affiliate/10/mdsl

About BUSINESSNEXT

BUSINESSNEXT is a universe of composable enterprise solutions with a focus on banks and financial services globally. Recognized as a leader in Financial Services CRM by leading industry analysts, it leverages technology, innovation, and experience to relentlessly deliver incredible, unique, and human experiences, acing the volatile and complex business environment. BUSINESSNEXT platforms namely CRMNEXT, CUSTOMERNEXT, DATANEXT & WORKNEXT are AI and ML–driven cloud–native platforms dedicated to enabling digital transformations. It comprises an enriched portfolio of hyper SaaS modular solutions that are responsive, can readily plug & play, and have superlative integration capabilities with the ecosystem. BUSINESSNEXT today powers 1 million+ users across 65,000 branches and call centers, managing 1 billion end customers worldwide. BUSINESSNEXT has its USA headquarters in Raleigh, North Carolina, and its international headquarters in Noida, India. It has a footprint across 5 continents and direct offices in 14 countries across the U.S.A, MEA, and APAC.

For more information visit:
https://www.businessnext.com/

For Media Inquiries:

PR Contact Name: Ajay Joshi
Phone Number: 7814023329
Email: Ajay.Joshi@businessnext.com


GLOBENEWSWIRE (Distribution ID 9222447)

Infection Rates Among Children Show Worrying Increase in Gaza

Dr. Salim Ramadan treats a child patient at a health clinic operated by the UNRWA at the Jabaliya Refugee Camp, located north of the Gaza Strip. Credit: Evan Schneider/UN Photo

By Oritro Karim
UNITED NATIONS, Aug 29 2024 – As the humanitarian crisis in Gaza continues, so does the spread of illness among Palestinian children. Already facing widespread malnutrition, starvation, dehydration, and unhygienic living conditions, hundreds of thousands of children in Gaza face the risk of contracting a multitude of diseases.

Repeated orders of evacuation in the Gaza strip as well as the continual obstruction of humanitarian aid exacerbate the spread of disease in millions of Palestinian children, who already face compromised health as a result of poor sanitation, malnutrition, and a lack of access to healthcare.

The briefing held on August 23, 2024, detailed alarming new cases of polio among children in Gaza as well as the current actions being taken by the United Nations in an effort to mitigate the spread.

“Turning to the polio situation in Gaza—as you will have seen, WHO (the World Food Programme) confirmed yesterday that a 10-month-old baby in Deir al Balah has polio. It’s the first case in 25 years,” stated the spokesperson for the Secretary-General, Stéphane Dujarric.

Additional cases have been detected in wastewater samples from Gaza refugee camps.

Polio, once thought to be eradicated in the modern world, has been re-emerging in areas with low-immunization rates. It is highly infectious and mainly targets young children, usually under 6 years old. Symptoms include disfigurement, paralysis, and death.

Dujarric added that UN organizations such as WHO, the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), and the United Nations Children’s Fund (UNICEF) are currently preparing two rounds of polio vaccines to be distributed in the coming weeks.

It is important to note that the spread of polio is facilitated by the highly unsanitary living conditions in Gaza. Hundreds of thousands of Palestinian children are currently facing severe shortages in water, which leads to an increase in the spread of waterborne diseases as well as compromised hygiene.

UNICEF states, “The Gaza Strip has long suffered severe water problems, and the situation is now beyond dire. As a result of over-pumping and seawater seepage, less than five percent of the water drawn from the aquifer is estimated to be fit for human consumption.”

It is estimated that at the time of publication, approximately 98 percent of Gaza’s entire water supply is unfit for human consumption. The use of contaminated water in Gaza has led to a significant increase in waterborne diseases, respiratory infections, and skin conditions.

The ramifications of these harsh living conditions are not only limited to polio, as health issues such as dysentery, diarrhea, pneumonia, jaundice, lice, and scabies have become widespread.

Dr. Hanan Balkhy, the WHO director for the eastern Mediterranean region, told the media that the Gaza Strip, “where garbage and sewage fill the streets,”  causes respiratory complications, diarrheal illnesses, and acute jaundice to run rampant.
Furthermore, hepatitis A continues to be a major issue, as approximately 40,000 people have been infected since the war began in late 2023. Additionally, health officials fear that Gaza will soon face outbreaks of cholera and leishmaniasis, both of which can be fatal.

The ongoing hunger crisis in Gaza significantly increases the likelihood of mortality from contracting these diseases. WHO states, “a healthy body can more easily fight off these diseases, a wasted and weakened body will struggle. Hunger weakens the body’s defenses and opens the door to disease.”.

Furthermore, WHO adds that malnutrition and starvation, when coupled with the symptoms of infectious diseases, can have severe life-long consequences such as stunted growth and impaired cognitive development.

Additionally, high levels of displacement have led to severe overcrowding in refugee camps in the Gaza strip. This creates the perfect breeding ground for the transfer of infectious disease.

WHO states, “Over 1.9 million people have been displaced from their homes, of whom over 1.4 million are staying in overcrowded shelters. These conditions are ripe for a continued rise in infectious diseases. In Gaza today, on average, there is only one shower for every 4500 people and one toilet for every 220. Clean water remains scarce and there are rising levels of outdoor defecation. These conditions make the spread of infectious diseases inevitable.”

Currently, the UN is prioritizing efforts to build new latrines and water lines, repair the waste management system, and recalibrate desalination plants. However, constant bombardment and military conflict impede these critical processes.

Dujarric states that UN agencies have corresponded with both Israel and Palestine for a humanitarian pause in warfare to allow for healthcare workers to access struggling children in Gaza.

UN Secretary-General António Guterres states that for the health crisis in Gaza to be effectively mitigated, it is crucial to maintain a constant flow of vaccines and equipment to Gaza. Additionally, adequate fuel, increased donations, and stable communications are essential.

IPS UN Bureau Report

 


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Infection Rates Among Children Rage On in Gaza

Dr. Salim Ramadan treats a child patient at a health clinic operated by the UNRWA at the Jabaliya Refugee Camp, located north of the Gaza Strip. Credit: Evan Schneider/UN Photo

By Oritro Karim
UNITED NATIONS, Aug 29 2024 – As the humanitarian crisis in Gaza continues to grow more dire, so does the spread of illness among Palestinian children. Already facing widespread malnutrition, starvation, dehydration, and unhygienic living conditions, hundreds of thousands of children in Gaza face the risk of contracting a multitude of diseases.

Repeated orders of evacuation in the Gaza strip as well as the continual obstruction of humanitarian aid exacerbates the spread of disease in millions of Palestinian children, who already face compromised health as a result of poor sanitation, malnutrition, and a lack of access to healthcare.

The briefing held on August 23rd, 2024 detailed alarming new cases of polio among children in Gaza as well as the current actions being taken by the United Nations in an effort to mitigate the spread.

“Turning to the polio situation in Gaza — as you will have seen, WHO (the World Food Programme) confirmed yesterday that a 10-month-old baby in Deir al Balah has polio. It’s the first case in 25 years”, stated Spokesperson for the Secretary-General, Stéphane Dujarric.

Additional cases have been detected in wastewater samples from Gaza refugee camps.

Polio, once thought to be eradicated in the modern world, has been re-emerging in areas with low-immunization rates. It is highly infectious and mainly targets young children, usually under 6 years old. Symptoms include disfigurement, paralysis, and death.

Dujarric added that UN organizations such as WHO, the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), and the United Nations Children’s Fund (UNICEF) are currently preparing two rounds of polio vaccines to be distributed in the coming weeks.

It is important to note that the spread of polio is facilitated by the highly unsanitary living conditions in Gaza. Hundreds of thousands of Palestinians children are currently facing severe shortages in water which leads to an increase in the spread of waterborne diseases as well as compromised hygiene.

UNICEF states, “The Gaza Strip has long suffered severe water problems, and the situation is now beyond dire. As a result of over-pumping and seawater seepage, less than five per cent of the water drawn from the aquifer is estimated to be fit for human consumption”.

It is estimated that at the time of publication, approximately 98 percent of Gaza’s entire water supply is unfit for human consumption. The use of contaminated water in Gaza has led to a significant uptick in waterborne diseases, respiratory infections, and skin conditions.

The ramifications of these harsh living conditions are not only limited to polio as health issues such as dysentery, diarrhea, pneumonia, jaundice, lice, and scabies have become widespread.

Dr. Hanan Balkhy, the WHO director for the eastern Mediterranean region, told media that the Gaza Strip, “where garbage and sewage fill the streets”, causes respiratory complications, diarrheal illnesses, and acute jaundice to run rampant.
Furthermore, Hepatitis A continues to be a major issue as approximately 40,000 people have been infected since the war began in late 2023. Additionally, health officials fear that Gaza will soon face outbreaks in cholera and leishmaniasis, both of which can be fatal.

The ongoing hunger crisis in Gaza significantly increases the likelihood of mortality from contracting these diseases. WHO states “a healthy body can more easily fight off these diseases, a wasted and weakened body will struggle. Hunger weakens the body’s defenses and opens the door to disease”.

Furthermore, WHO adds that malnutrition and starvation, when coupled with the symptoms of infectious diseases, can have severe life-long consequences such as stunted growth and impaired cognitive development.

Additionally, high levels of displacement have led to severe overcrowding in refugee camps in the Gaza strip. This creates the perfect breeding ground for the transfer of infectious disease.

WHO states, “Over 1.9 million people have been displaced from their homes, of whom over 1.4 million are staying in overcrowded shelters. These conditions are ripe for a continued rise in infectious diseases. In Gaza today, on average, there is only one shower for every 4500 people and one toilet for every 220. Clean water remains scarce and there are rising levels of outdoor defecation. These conditions make the spread of infectious diseases inevitable”.

Currently, the UN is prioritizing efforts to build new latrines and water lines, repair the waste management system, and recalibrate desalination plants. However, constant bombardment and military conflict impedes these critical processes.

Dujarric states that UN agencies have corresponded with both Israel and Palestine for a humanitarian pause in warfare to allow for healthcare workers to access struggling children in Gaza.

UN Secretary-General António Guterres states that for the health crisis in Gaza to be effectively mitigated, it is crucial to maintain a constant flow of vaccines and equipment to Gaza. Additionally, adequate fuel, increased donations, and stable communications are essential.

IPS UN Bureau Report

 


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VIETNAM: ‘Human Rights Conditions Will Likely Worsen as the Country Descends into a Police State’

By CIVICUS
Aug 29 2024 –  
CIVICUS discusses recent leadership changes in Vietnam with David Tran, coordinator of the Alliance for Vietnam’s Democracy, a civil society platform that promotes democracy in Vietnam and the region through international cooperation and the strengthening of local civil society.

On 3 August, President Tô Lâm was confirmed as General Secretary of the Communist Party, Vietnam’s top position, following the death of long-serving General Secretary Nguyễn Phú Trọng. Lâm, who has been president since May, is known for leading an aggressive anti-corruption campaign that has seen many officials jailed and others forced to resign. He will continue as president while assuming the duties of general secretary, potentially enabling him to consolidate power ahead of the 2026 party congress, which will choose Vietnam’s top leaders for the next five years. Civil society fears the regime could become even more autocratic and repressive if Lâm retains both positions.

David Tran

What’s Vietnam’s political system like, and what’s the likely impact of the recent leadership change?

Vietnam is an authoritarian one-party state led by the Vietnamese Communist Party (VCP). There are four key positions of authority: the president, who is the ceremonial head of state, the prime minister, who heads the government, the chair of the National Assembly, the unicameral legislature, and the most powerful, the general secretary of the VCP.

Although the president is elected by the National Assembly, this body is overwhelmingly made up of VCP members, who usually approve all incumbents unopposed. On 3 August, following the death of the last VCP general secretary, Nguyễn Phú Trọng, Tô Lâm was confirmed as the new VCP leader.

This appointment is particularly significant because it puts a lot of power in the hands of one person. His dual role gives Tô Lâm considerable influence over the state and party, as well as greater control over the public security apparatus. While he appears set to continue the policies of his predecessor, there are several cracks beneath the surface. His power is likely to be challenged by several VCP members who’ve been forced into retirement by his ‘anticorruption’ campaign, effectively an initiative to eliminate competing factions. We can expect this infighting to continue and intensify.

What does Tô Lâm’s rise mean from a human rights perspective?

Tô Lâm has had a long career, including stints as minister of public security and a member of the politburo. The key role he played in the previous general secretary’s ‘anticorruption’ campaign saw him elected president in May, after his investigations into several high-profile politicians and businesspeople led to the resignation of his predecessor and other top officials.

The accumulation of power in the hands of the architect of a purge is unlikely to lead to improvements in civic space or human rights. Tô Lâm has been closely associated with the worsening human rights situation, as the Formosa and the Trinh Xuan Thanh cases clearly illustrate.

In April 2016, the Formosa company caused an environmental disaster when it discharged heavily polluted waste off Vietnam’s central coast. This caused widespread damage in at least four provinces and sparked protests. Instead of prosecuting Formosa, Tô Lâm, then minister of public security and in charge of the environmental police, suppressed peaceful protests and had 220 people sentenced to a total of 133 years in prison, not including probation after release. He said he was protecting Formosa from what he called ‘hostile forces’ – essentially anyone who criticised the company.

The second case involves Trinh Xuan Thanh, a former vice chair of Hau Giang Province, who fled to Germany in 2016 after being accused of ‘deliberately violating state regulations, causing serious consequences’. He was abducted on German soil by the Vietnamese secret service, which is under the Ministry of Public Security, and returned to Vietnam. Tô Lâm was directly involved in this operation, which Germany condemned as a ‘scandalous violation’ of its sovereignty and a ‘gross breach of international law’.

Given Tô Lâm’s track record, we expect human rights conditions to worsen under his leadership as Vietnam descends into a police state where human rights and the rule of law are ignored. The already limited space for civil society in Vietnam has shrunk under his watch, and we expect this trend to continue.

What are the challenges facing civil society in Vietnam?

Tô Lâm’s rise to power has been marked by his consistent efforts to stifle dissent. Under his leadership, the authorities, particularly the Ministry of Public Security, have increasingly tightened their grip on civil society organisations (CSOs). They have implemented new decrees that overregulate the registration and management of foreign CSOs and applied stricter rules to domestic organisations.

They have also weaponised tax laws and the criminal code to target civil society leaders, charging them with offences such as tax evasion and ‘abuse of democratic freedoms’. This has led to the imprisonment of prominent activists, including environmental and labour rights advocates.

Independent CSOs are subject to strict surveillance, with some being dismantled or forced to reorganise to conform to the authorities. This was exacerbated by the COVID-19 pandemic, which the authorities used as a pretext to impose further restrictions on civil society under the guise of public health measures.

Despite this repressive environment, some social service CSOs and philanthropic groups continue to operate and strive to make a positive impact. But their independence is severely restricted as they and their activists are constantly targeted.

What international support does Vietnam’s civil society need?

Human rights organisations and international bodies have raised concerns about the shrinking space for civil society in Vietnam. They have called for respect for freedoms of assembly, association and expression and urged the authorities to ease restrictions. While these statements are important, they must be accompanied by trade sanctions and other enforcement mechanisms. Words alone are not enough.

Unfortunately, human rights in Vietnam are also falling victim to geopolitics. As tensions with China escalate, the USA is increasingly seeing Vietnam as a counterweight to China. In this context, human rights and civic space are often sidelined, if not ignored altogether. We believe that a democratic Vietnam would be the best partner and ally in promoting a peaceful, open and stable Indo-Pacific region.

Even if Tô Lâm has a long way to go before he reaches a position comparable to Xi Jinping’s in China, consolidation of power is a general trend we’re seeing among the region’s communist states. Oddly enough, given how these two leaders came to power, it could be a sign that pressure for human rights and civic space, both domestically and internationally, is working. If the authorities feel compelled to respond by consolidating power and positioning figures like Tô Lâm to counter these movements, there is still hope we are on the right track.

Civic space in Vietnam is rated ‘closed’ by the CIVICUS Monitor.

Get in touch with the Alliance for Vietnam’s Democracy through its webpage or Facebook page.

 


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