Publication relative à des notifications de transparence

       

INFORMATION RÉGLEMENTÉE

Publication relative à des notifications de transparence

Mont–Saint–Guibert (Belgique), le 25 octobre 2024, 22:30h CET / 16:30h ET Conformément à l'article 14 de la loi du 2 mai 2007 relative à la publicité des participations importantes, Nyxoah SA (Euronext Brussels/Nasdaq : NYXH) annonce qu’elle a reçu une notification de transparence comme détaillée ci–dessous.

Vestal Point Capital

Le 23 octobre 2024, Nyxoah a reçu une notification de transparence de Vestal Point Capital suite à une acquisition ou cession de titres conférant le droit de vote ou de droits de vote. Sur la base de la notification, Vestal Point Capital détient 3.000.688 droits de vote, représentant 8,03% du nombre total des droits de vote en date du 9 octobre 2024 (37.389.015).

La notification datée du 22 octobre 2024 contient les informations suivantes :

  • Motif de la notification : acquisition ou cession de titres conférant le droit de vote ou de droits de vote
  • Notification par : une entreprise mère ou une personne détenant le contrôle
  • Personnes tenues à la notification :
    • Vestal Point Capital, LLC (avec adresse à 632 Broadway, Suite 602, New York, NY 10012, Etats–Unis)
    • Vestal Point Capital, LP (avec adresse à 632 Broadway, Suite 602, New York, NY 10012, Etats–Unis)
    • Ryan Wilder (avec adresse à 632 Broadway, Suite 602, New York, NY 10012, Etats–Unis)
  • Date du dépassement de seuil : le 9 octobre 2024
  • Seuil franchi : 5%
  • Dénominateur : 37.389.015
  • Détails de la notification :
A) Droits de vote Notification précédente Après la transaction
  # droits de vote # droits de vote % de droits de vote
Détenteurs de droits de vote   Attachés à des titres Non liés à des titres Attachés à des titres Non liés à des titres
Ryan Wilder 0 0 0 0,00% 0,00%
Vestal Point Capital, LLC 0 0 0 0,00% 0,00%
Vestal Point Capital, LP 3.000.688 3.000.688 0 8,03% 0,00%
Sous–total 3.000.688 3.000.688   8,03%  
  TOTAL 3.000.688 0 8,03% 0,00%
  • Chaine des entreprises contrôlées par l'intermédiaire desquelles la participation est effectivement détenue : Vestal Point Capital, LP (investment manager) est contrôlée par Vestal Point Capital, LLC (general partner). Vestal Point Capital, LLC est contrôlée par Mr. Ryan Wilder (managing member).
  • Information supplémentaire : Vestal Point Capital, LP est la société de gestion d'investissement qui peut exercer les droits de vote de manière discrétionnaire, en l'absence d'instructions spécifiques.

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Contact:
Nyxoah
Loic Moreau, CFO
IR@nyxoah.com

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GLOBENEWSWIRE (Distribution ID 1001009632)

Publication relating to transparency notifications

              

REGULATED INFORMATION

Publication relating to transparency notifications

Mont–Saint–Guibert (Belgium), October 25, 2024, 10:30 pm CET / 4:30 pm ET In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below.

Vestal Point Capital

On October 23, 2024, Nyxoah received a transparency notification from Vestal Point Capital following an acquisition or disposal of voting securities or voting rights. Based on the notification, Vestal Point Capital holds 3,000,688 voting rights, representing 8.03% of the total number of voting rights on October 9, 2024 (37,389,015).

The notification dated October 22, 2024 contains the following information:

  • Reason for the notification: acquisition or disposal of voting securities or voting rights
  • Notification by: a parent undertaking or a controlling person
  • Persons subject to the notification requirement:
    • Vestal Point Capital, LLC (with address at 632 Broadway, Suite 602, New York, NY 10012, USA)
    • Vestal Point Capital, LP (with address at 632 Broadway, Suite 602, New York, NY 10012, USA)
    • Ryan Wilder (with address at 632 Broadway, Suite 602, New York, NY 10012, USA)
  • Date on which the threshold was crossed: October 9, 2024
  • Threshold that is crossed: 5%
  • Denominator: 37,389,015
  • Notified details:
A) Voting rights Previous notification After the transaction
  # of voting rights # of voting rights % of voting rights
Holders of voting rights   Linked to securities Not linked to the securities Linked to securities Not linked to the securities
Ryan Wilder 0 0 0 0.00% 0.00%
Vestal Point Capital, LLC 0 0 0 0.00% 0.00%
Vestal Point Capital, LP 3,000,688 3,000,688 0 8.03% 0.00%
Subtotal 3,000,688 3,000,688   8.03%  
  TOTAL 3,000,688 0 8.03% 0.00%
  • Full chain of controlled undertakings through which the holding is effectively held: Vestal Point Capital, LP (investment manager) is controlled by Vestal Point Capital, LLC (general partner). Vestal Point Capital, LLC is controlled by Mr. Ryan Wilder (managing member).
  • Additional information: Vestal Point Capital, LP is the investment management company that can exercise the voting rights at its discretion, in the absence of specific instruction.

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Contact:
Nyxoah
Loic Moreau, CFO
IR@nyxoah.com

Attachment


GLOBENEWSWIRE (Distribution ID 1001009632)

EBC Financial Group und dem Fachbereich Wirtschaftswissenschaften der Universität Oxford kündigen WERD-Folge zu Makroökonomie und Klima an

OXFORD, Vereinigtes Königreich, Oct. 25, 2024 (GLOBE NEWSWIRE) — Die EBC Financial Group (EBC) freut sich, ihre fortgesetzte Zusammenarbeit mit dem Fachbereich Wirtschaftswissenschaften der Universität Oxford für die Ausgabe 2024–2025 der renommierten Webinarreihe „What Economists Really Do“ (WERD) bekanntzugeben. Die kommende Veranstaltung wird die erste WERD–Veranstaltung sein, die eine eigene Podiumsdiskussion in einem hybriden Rahmen mit dem Titel „Sustaining Sustainability: Balancing Economic Growth and Climate Resilience“ (Aufrechterhaltung der Nachhaltigkeit: Gleichgewicht zwischen Wirtschaftswachstum und Klimaresilienz) enthält. Dies ist bereits die zweite Zusammenarbeit zwischen der EBC und dem Fachbereich Wirtschaftswissenschaften der Universität Oxford in diesem Jahr, nachdem bereits im März ein Erfolg erzielt wurde. Die fortlaufende Zusammenarbeit der EBC mit dem Fachbereich Wirtschaftswissenschaften der Universität Oxford baut auf dem Erfolg des letzten WERD–Webinars auf, das sich mit dem Thema „The Economics of Tax Evasion“ (Die Ökonomie der Steuerhinterziehung) befasste. In dieser Sitzung wurden die Auswirkungen der Steuerhinterziehung auf die globale und lokale Wirtschaft untersucht und die Bedeutung von Finanzwissen bei der Bewältigung komplexer wirtschaftlicher Probleme hervorgehoben.

Die hybride Veranstaltung findet am 14. November 2024 im Sir Michael Dummett Lecture Theatre, Christ Church College, statt und wird prominente Vordenker zusammenbringen, um die Überschneidung von Wirtschaftspolitik und ökologischer Nachhaltigkeit zu diskutieren.

Angesichts der zunehmenden globalen Klimaherausforderungen findet diese Veranstaltung zu einem kritischen Zeitpunkt statt, an dem die Rolle des Finanzsektors bei der Förderung einer nachhaltigen Entwicklung stärker in den Blickpunkt rückt. In der heutigen Wirtschaftslandschaft ist es von entscheidender Bedeutung, die Finanzstrategien mit dem Umweltbewusstsein in Einklang zu bringen. Durch das Sponsoring dieser kommenden WERD–Folge wird die EBC ihren Schwerpunkt auf die dringenden Fragen der Klimaresilienz und des nachhaltigen Wirtschaftswachstums verlagern. In der Podiumsdiskussion wird untersucht, wie die makroökonomische Politik dazu beitragen kann, einige der dringendsten Umweltprobleme der Welt zu bewältigen und gleichzeitig die wirtschaftliche Stabilität zu gewährleisten. Dieser zeitgemäße Dialog unterstreicht das Engagement der EBC, Diskussionen darüber zu fördern, wie die Finanzmärkte eine Vorreiterrolle bei der Nachhaltigkeit übernehmen können.

David Barrett, CEO der EBC Financial Group (UK) Ltd, zeigte sich begeistert von der weiteren Zusammenarbeit: „Wir freuen uns, erneut mit dem Fachbereich Wirtschaftswissenschaften der Universität Oxford zusammenzuarbeiten, um die zweite Folge der Webinarreihe „What Economists Really Do“ für die Ausgabe 2024–2025 zu gestalten. Diese Zusammenarbeit verkörpert unser Engagement, die akademische Forschung voranzutreiben und das drängende Problem des Klimawandels aus makroökonomischer Sicht anzugehen. Wir bei der EBC Financial Group glauben an die Kraft strategischer Partnerschaften, um sinnvolle Veränderungen voranzutreiben, und wir sind stolz darauf, einen so geschätzten Partner bei seiner gemeinsamen Mission zu unterstützen, eine nachhaltigere Zukunft zu gestalten.“

Banu Demir Pakel, Moderatorin der Sitzung und Associate Head of External Engagement sowie Associate Professor of Economics, fügte hinzu: „Wir freuen uns, die EBC Financial Group als Sponsor einer weiteren Sonderfolge von „What Economists Really Do“ (WERD) begrüßen zu dürfen. In der letzten WERD–Folge begrüßten wir David Barrett, CEO der EBC Financial Group (UK) Ltd, zum Thema „The Economics of Tax Evasion“ (Die Ökonomie der Steuerhinterziehung) – ein Beweis dafür, wie wertvoll Einblicke aus der Industrie für eine akademische Diskussion sein können. Auf der Grundlage dieses Erfolges freuen wir uns darauf, eine größere hybride Podiumsveranstaltung mit weiteren Gästen aus der Branche sowie einen Hauptvortrag von Professor Andrea Chiavari zum Thema „Macroeconomics and Climate“ (Makroökonomie und Klima) zu veranstalten. Der Fachbereich Wirtschaftswissenschaften ist stolz darauf, Diskussionen zwischen Wissenschaft und Wirtschaft zu fördern, und wir sind dankbar für die kontinuierliche Unterstützung durch die EBC. Wir freuen uns auf eine gelungene Veranstaltung.“

Der Fachbereich Wirtschaftswissenschaften der Universität Oxford ist weltweit für seine strenge akademische Forschung und seine bedeutenden Beiträge zur Wirtschaftspolitik bekannt. Die Teilnehmer werden wertvolle Einblicke in die Frage gewinnen, wie makroökonomische Grundsätze mit nachhaltigen Wachstumszielen in Einklang gebracht werden können, und zwar aus der Sicht der Wissenschaft und des Finanzsektors. Mit Diskussionen, die die Kluft zwischen Theorie und Praxis überbrücken, wird diese Veranstaltung einen zukunftsorientierten Blick darauf werfen, wie die Wirtschaftspolitik die Widerstandsfähigkeit der Umwelt verbessern und die globale wirtschaftliche Stabilität gewährleisten kann. Die Teilnehmer werden außerdem von führenden Vertretern der Branche erfahren, welche praktischen Schritte Unternehmen und Institutionen unternehmen können, um nachhaltiges Wachstum zu erzielen.

Umsetzung einer umfassenderen Vision der nachhaltigen Entwicklung

Die Unterstützung der EBC Financial Group für diese Initiative erfolgt zu einem Zeitpunkt, an dem eine strategische globale Expansion stattfindet. Mit einer wachsenden Präsenz in wichtigen Finanzzentren wie London, Hongkong, Tokio, Singapur und Sydney sowie in den aufstrebenden Märkten Südostasiens, Lateinamerikas, Afrikas und Indiens setzt sich die EBC dafür ein, die lokalen Märkte mit soliden und nachhaltigen Finanzlösungen zu unterstützen. Durch die Zusammenarbeit mit führenden akademischen Einrichtungen wie dem Fachbereich Wirtschaftswissenschaften der Universität Oxford will die EBC ihre Rolle als Katalysator für positive Veränderungen in Regionen stärken, die traditionell von großen Finanzinstituten unterversorgt sind.

Der Erlös der diesjährigen WERD–Veranstaltung kommt dem Fachbereich und seinem Ziel zugute, führende Forschung und erstklassige Ausbildung zu betreiben. Die Anmeldung für die Veranstaltung, die sowohl persönlich als auch online zugänglich ist, um ein weltweites Publikum anzusprechen, ist ab sofort möglich. Um Ihren Platz zu reservieren, besuchen Sie bitte diesen Link.

Über die EBC Financial Group

Die EBC Financial Group (EBC) wurde im angesehenen Finanzdistrikt von London gegründet und ist für ihr umfassendes Dienstleistungsangebot bekannt, das Finanzmaklerdienste, Vermögensverwaltung und umfassende Investitionslösungen umfasst. Die EBC hat sich schnell als globales Maklerunternehmen etabliert und ist an wichtigen Finanzplätzen wie London, Hongkong, Tokio, Singapur, Sydney, den Cayman Islands und in Schwellenmärkten in Lateinamerika, Südostasien, Afrika und Indien stark vertreten. Die EBC bedient einen vielfältigen Kundenstamm aus Einzelhändlern, professionellen und institutionellen Investoren weltweit.

Die EBC wurde mehrfach ausgezeichnet und ist stolz darauf, die höchsten ethischen Standards und internationalen Vorschriften einzuhalten. Die Tochtergesellschaften der EBC Financial Group sind in ihren jeweiligen lokalen Rechtsprechungen reguliert und lizenziert. Die EBC Financial Group (UK) Limited wird von der britischen Financial Conduct Authority (FCA) reguliert, die EBC Financial Group (Cayman) Limited wird von der Cayman Islands Monetary Authority (CIMA) reguliert, die EBC Financial Group (Australia) Pty Ltd und die EBC Asset Management Pty Ltd werden von der australischen Securities and Investments Commission (ASIC) reguliert.

Den Kern der EBC Group bilden erfahrene Fachleute mit mehr als 30 Jahren fundierter Erfahrung in großen Finanzinstituten, die geschickt durch bedeutende Wirtschaftszyklen navigiert sind, vom Plaza Accord bis zur Schweizer Frankenkrise 2015. Die EBC setzt sich für eine Kultur ein, in der Integrität, Respekt und die Sicherheit des Kundenvermögens an erster Stelle stehen, und stellt sicher, dass jedes Engagement eines Anlegers mit der größten Ernsthaftigkeit behandelt wird, die es verdient.

Die EBC ist der offizielle Devisenpartner des FC Barcelona und bietet spezialisierte Dienstleistungen in Regionen wie Asien, LATAM, dem Nahen Osten, Afrika und Ozeanien. Die EBC ist auch Partner von United to Beat Malaria, einer Kampagne der Stiftung der Vereinten Nationen zur Verbesserung der globalen Gesundheitslage. Ab Februar 2024 unterstützt die EBC die Reihe „What Economists Really Do“ (Was Ökonomen wirklich tun) des Fachbereichs Wirtschaftswissenschaften der Universität Oxford, in der die Wirtschaftswissenschaften entmystifiziert und auf wichtige gesellschaftliche Herausforderungen angewandt werden, um das öffentliche Verständnis und den Dialog zu verbessern.

https://www.ebc.com/

Medienkontakt:

Savitha Ravindran
Global Public Relations Manager (EMEA, LATAM)
savitha.ravindran@ebc.com

Chyna Elvina
Global Public Relations Manager (APAC, LATAM)
chyna.elvina@ebc.com

Douglas Chew
Global Public Relations Lead
douglas.chew@ebc.com

Ein Foto zu dieser Mitteilung finden Sie unter https://www.globenewswire.com/NewsRoom/AttachmentNg/aaaa905a–4c02–44a0–bf7d–b8be3dec4b36/de


GLOBENEWSWIRE (Distribution ID 9262069)

EBC Financial Group et le Département d’Économie de l’Université d’Oxford annoncent un épisode WERD sur la macroéconomie et le climat

OXFORD, Royaume–Uni, 25 oct. 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) est fier d’annoncer la poursuite de sa collaboration avec le Département d’Économie de l’Université d’Oxford pour l’édition 2024–2025 de la célèbre série de webinaires « What Economists Really Do » (WERD). Le prochain événement sera le premier événement WERD à proposer une discussion dédiée dans un format hybride, intitulée « Sustaining Sustainability: Balancing Economic Growth and Climate Resilience ». Cet événement marque également la deuxième collaboration cette année entre l’EBC et le Département d’Économie de l’Université d’Oxford, après un premier succès en mars. La collaboration actuelle d’EBC avec le Département d’Économie de l’Université d’Oxford s’appuie sur le succès de leur précédent webinaire, qui portait sur l’économie et l’évasion fiscale. Cette session avait analysé l’impact de l’évasion fiscale sur les économies mondiales et locales, soulignant l’importance de l’enseignement financier pour aborder des questions économiques complexes.

L’événement hybride aura lieu le 14 novembre 2024 au Sir Michael Dummett Lecture Theatre, Christ Church College, et réunira d’éminents leaders d’opinion pour discuter de l’intersection entre les politiques économiques et la durabilité environnementale.

Alors que les défis climatiques mondiaux s’intensifient, cet événement intervient à un moment critique où le rôle du secteur financier dans la promotion du développement durable est de plus en plus scruté. Dans le paysage économique actuel, il est essentiel d’aligner les stratégies financières avec la gestion environnementale. En sponsorisant ce prochain épisode WERD, l’EBC se concentrera sur les questions pressantes de la résilience climatique et de la croissance économique durable. La discussion du panel examinera comment les politiques macroéconomiques peuvent contribuer à relever certains des défis environnementaux les plus urgents de la planète tout en garantissant la stabilité économique. Ce dialogue opportun souligne l’engagement d’EBC à promouvoir des discussions sur la manière dont les marchés financiers peuvent mener la charge en matière de durabilité.

David Barrett, CEO of EBC Financial Group (UK) Ltd, a exprimé son enthousiasme pour cette collaboration continue : « Nous sommes ravis de collaborer à nouveau avec le Département d’Économie de l’Université d’Oxford pour le deuxième épisode de la série de webinaires “What Economists Really Do” édition 2024–2025. Cette collaboration incarne notre engagement à faire progresser la recherche universitaire et à aborder la question pressante du changement climatique à travers des perspectives macroéconomiques. Chez EBC Financial Group, nous croyons au pouvoir des partenariats stratégiques pour conduire des changements significatifs, et nous sommes fiers de soutenir un partenaire aussi estimé dans une mission collective visant à façonner un avenir plus durable. »

Banu Demir Pakel, modératrice de la session et Directrice adjointe de l’engagement externe et Professeure agrégée d’Économie a ajouté : « Nous sommes heureux d’accueillir EBC Financial Group pour parrainer un nouvel épisode spécial de “What Economists Really Do” (WERD). Dans l’épisode précédent de WERD, nous avons accueilli David Barrett, PDG d’EBC Financial Group (UK) Ltd pour discuter de “L’économie de l’évasion fiscale”, ce qui prouve à quel point les perspectives de l’industrie peuvent être inestimables dans une discussion universitaire. Forts de ce succès, nous nous réjouissons d’organiser un événement hybride de plus grande envergure avec d’autres invités du secteur, ainsi qu’une conférence majeure du Professeur Andrea Chiavari sur le thème “Macroéconomie et climat.” Le Département d’Économie est fier de faciliter des discussions et des réflexions entre le milieu universitaire et l’industrie, et nous sommes reconnaissants à EBC pour son soutien continu. Nous sommes impatients de vivre un événement prospère. »

Le Département d’Économie de l’Université d’Oxford est mondialement reconnu pour la rigueur de ses recherches universitaires et ses contributions significatives à la politique économique. Les participants recevront un aperçu précieux de la manière dont les principes macroéconomiques peuvent s’aligner sur des objectifs de croissance durable en s’appuyant sur des perspectives provenant à la fois du monde universitaire et du secteur financier. Avec des discussions qui comblent le fossé entre la théorie et la pratique, cet événement offrira une vision prospective de la manière dont les politiques économiques peuvent renforcer la résilience environnementale et garantir la stabilité économique mondiale. Les participants entendront également des leadeurs du secteur parler des mesures pratiques que les entreprises et les institutions peuvent prendre et prennent pour parvenir à une croissance durable.

Adopter une vision plus large du développement durable.

Le soutien d’EBC Financial Group à cette initiative intervient à un moment d’expansion stratégique mondiale. Avec une présence croissante sur des hubs financiers majeurs tels que Londres, Hong Kong, Tokyo, Singapour et Sydney ainsi que sur les marchés émergents d’Asie du Sud–Est, d’Amérique latine, d’Afrique et d’Inde, EBC s’engage à proposer aux marchés locaux des solutions financières solides et durables. En s’engageant auprès d’institutions universitaires telles que le Département d’Économie de l’Université d’Oxford, EBC vise à renforcer son rôle de catalyseur de changement positif dans les régions traditionnellement mal desservies par les grandes institutions financières.

Cette année, les recettes de l’événement WERD serviront à soutenir le Département et son objectif de produire une recherche de pointe et un enseignement de classe mondiale. L’inscription à l’événement est désormais ouverte, offrant un accès à la fois en personne et en ligne pour répondre aux besoins d’un public mondial. Pour réserver votre place, veuillez cliquer sur ce lien.

À propos d’EBC Financial Group :

Fondé dans le prestigieux quartier financier de Londres, EBC Financial Group (« EBC ») est réputé pour sa gamme complète de services qui comprend le courtage financier, la gestion d’actifs et des solutions d’investissement globales. EBC Financial Group a rapidement établi sa position en tant que société de courtage d’envergure mondiale, avec une forte présence sur des hubs financiers majeurs tels que Londres, Hong Kong, Tokyo, Singapour, Sydney, les Îles Caïmans ainsi que sur les marchés émergents d’Amérique latine, d’Asie du Sud–Est, d’Afrique et d’Inde. EBC s’adresse à une clientèle diversifiée d’investisseurs de détail, professionnels et institutionnels aux quatre coins du monde.

Reconnu par de multiples récompenses, EBC est fier de respecter les plus hauts niveaux de normes éthiques et de réglementation internationale. Les filiales d’EBC Financial Group sont réglementées et agréées dans leurs juridictions locales. EBC Financial Group (UK) Limited est réglementé par la Financial Conduct Authority (« FCA ») du Royaume–Uni, EBC Financial Group (Cayman) Limited est réglementé par la Monetary Authority (« CIMA ») des Îles Caïmans, EBC Financial Group (Australia) Pty Ltd et EBC Asset Management Pty Ltd sont réglementés par la Securities and Investments Commission (« ASIC ») australienne.

Au cœur d’EBC Group sont réunis des professionnels chevronnés qui témoignent de plus de 30 ans d’expérience approfondie dans des institutions financières majeures, ayant habilement navigué à travers des cycles économiques importants, des Accords du Plaza à la crise du franc suisse de 2015. EBC défend une culture où l’intégrité, le respect et la sécurité des actifs des clients sont primordiaux, en veillant à ce que chaque engagement d’investisseur soit traité avec le plus grand sérieux qu’il mérite.

EBC est le partenaire officiel du FC Barcelone pour les opérations de change, proposant des services spécialisés dans des régions telles que l’Asie, l’Amérique latine, le Moyen–Orient, l’Afrique et l’Océanie. EBC est également partenaire de United to Beat Malaria, une campagne de la Fondation pour les Nations Unies dont l’objectif est d’améliorer les résultats en matière de santé mondiale. EBC soutient, depuis février 2024, la série d’engagement public « What Economists Really Do » du Département d’Économie de l’Université d’Oxford, visant à démystifier l’économie et son application aux grands défis de société afin d’améliorer la compréhension et le dialogue avec le public.

https://www.ebc.com/

Contact médias :

Savitha Ravindran
Responsable des relations publiques internationales (Europe, Moyen–Orient, Afrique et Amérique latine)
savitha.ravindran@ebc.com

Chyna Elvina
Responsable des relations publiques internationales (Asie–Pacifique, Amérique latine)
chyna.elvina@ebc.com

Douglas Chew
Directeur des relations publiques internationales
douglas.chew@ebc.com

Une photo accompagnant ce communiqué est disponible à l’adresse suivante : 
https://www.globenewswire.com/NewsRoom/AttachmentNg/aaaa905a–4c02–44a0–bf7d–b8be3dec4b36/fr


GLOBENEWSWIRE (Distribution ID 9262069)

EBC Financial Group e o Departamento de Economia da University of Oxford Anunciam Lançamento de um Episódio WERD sobre Macroeconomia e Clima

OXFORD, Reino Unido, Oct. 25, 2024 (GLOBE NEWSWIRE) — O EBC Financial Group (EBC) tem o orgulho de anunciar a continuidade da sua colaboração com o Departamento de Economia da University of Oxford com a edição 2024–2025 da aclamada série de webinars “What Economists Really Do” (WERD). O próximo será o primeiro evento WERD a apresentar uma sessão de discussão de painel dedicada em um ambiente híbrido, intitulada “Sustaining Sustainability: Balancing Economic Growth and Climate Resilience” (Sustentando a Sustentabilidade: Equilíbrio Entre o Crescimento Econômico e a Resiliência Climática). Também marca a segunda colaboração do EBC com o Departamento de Economia da University of Oxford este ano, após o sucesso anterior em março. A colaboração contínua do EBC com o Departamento de Economia da University of Oxford se baseia no sucesso do seu webinar anterior, que se concentrou na The Economics of Tax Evasion (Economia da Evasão Fiscal). Essa sessão explorou o impacto da evasão fiscal nas economias mundiais e locais, destacando a importância do conhecimento financeiro na abordagem de questões econômicas complexas.

O evento híbrido será realizado em 14 de novembro de 2024 no Sir Michael Dummett Lecture Theatre, Christ Church College, e reunirá líderes de pensamento proeminentes para discutir a interseção de políticas econômicas e sustentabilidade ambiental.

Com a intensificação dos desafios climáticos em todo o mundo, este evento ocorre em um momento crítico, quando o papel do setor financeiro na promoção do desenvolvimento sustentável está sob maior escrutínio. No cenário econômico atual, o alinhamento das estratégias financeiras com a gestão ambiental é essencial. Com o patrocínio deste próximo episódio do WERD, o EBC muda seu foco para abordar as questões prementes da resiliência climática e do crescimento econômico sustentável. O painel de discussão explorará como as políticas macroeconômicas podem ajudar a enfrentar alguns dos desafios ambientais mais urgentes do mundo e garantir a estabilidade econômica. Este diálogo oportuno ressalta o compromisso do EBC em promover discussões sobre como os mercados financeiros podem liderar a sustentabilidade.

David Barrett, CEO do EBC Financial Group (UK) Ltd, expressou seu entusiasmo com esta colaboração. “Estamos entusiasmados com mais uma parceria com o Departamento de Economia da University of Oxford no segundo episódio da série de webinars ‘What Economists Really Do’ na edição 2024–2025. Essa colaboração incorpora nosso compromisso de promover a pesquisa acadêmica e abordar a questão premente das mudanças climáticas por meio de perspectivas macroeconômicas. O EBC Financial Group acredita no poder das parcerias estratégicas para impulsionar mudanças significativas e tem orgulho de apoiar um parceiro tão estimado em uma missão coletiva para moldar um futuro mais sustentável.”

Banu Demir Pakel, moderador da sessão e Chefe Associado de Engajamento Externo e Professor Associado de Economia, acrescentou: “É com prazer que recebemos o EBC Financial Group de volta para patrocinar mais um episódio especial de ‘What Economists Really Do’ (WERD). No episódio anterior do WERD, contamos com a participação de David Barrett, CEO do EBC Financial Group (UK) Ltd na discussão “The Economics of Tax Evasion” – como os insights da indústria podem ser valiosos para uma discussão acadêmica. Com base nesse sucesso, esperamos sediar um evento de painel híbrido maior com mais convidados da indústria, além de uma palestra da professora Andrea Chiavari sobre o tema “Macroeconomics and Climate” (Macroeconomia e Clima). O Departamento de Economia tem o orgulho de facilitar as discussões de liderança de pensamento entre a academia e a indústria, e somos gratos pelo apoio contínuo do EBC. O evento deve ser muito benéfico para todos.”

O Departamento de Economia da University of Oxford é mundialmente conhecido por sua rigorosa pesquisa acadêmica e contribuições significativas para a política econômica. Os participantes obterão informações valiosas sobre como os princípios macroeconômicos podem se alinhar aos objetivos de crescimento sustentável, com base nas perspectivas da academia e do setor financeiro. Com discussões que preenchem a lacuna entre a teoria e a prática, este evento apresentará uma visão prospectiva de como as políticas econômicas podem elevar a resiliência ambiental e garantir a estabilidade econômica global. Os líderes do setor também falarão sobre as medidas práticas que as empresas e instituições podem e estão adotando para alcançar o crescimento sustentável.

Uma Visão Mais Ampla do Desenvolvimento Sustentável

O apoio do EBC Financial Group a esta iniciativa ocorre em um momento de expansão global estratégica. Com uma presença crescente em centros financeiros importantes, como Londres, Hong Kong, Tóquio, Singapura e Sydney, bem como em mercados emergentes no Sudeste Asiático, América Latina, África e Índia, o EBC está empenhado em capacitar os mercados locais com soluções financeiras robustas e sustentáveis. Ao se unir com as principais instituições acadêmicas, como o Departamento de Economia da University of Oxford, o EBC visa fortalecer seu papel de catalisador de mudanças positivas em regiões tradicionalmente mal atendidas pelas principais instituições financeiras.

Os recursos do evento WERD deste ano apoiarão o Departamento e seu objetivo de produzir pesquisas líderes e educação de classe mundial. As inscrições para o evento já estão abertas, com acesso presencial e online para acomodar um público global. Para reservar o seu lugar, visite este link.

Sobre o EBC Financial Group

Fundado no conceituado distrito financeiro de Londres, o EBC Financial Group (EBC) é conhecido pelo seu conjunto abrangente de serviços que incluem corretagem financeira, gestão de ativos e soluções de investimento abrangentes. O EBC rapidamente estabeleceu sua posição como uma corretora global, com uma ampla presença em centros financeiros importantes, como Londres, Hong Kong, Tóquio, Singapura, Sydney, Ilhas Cayman e em mercados emergentes na América Latina, Sudeste Asiático, África e Índia. O EBC atende a uma clientela diversificada de investidores de varejo, profissionais e institucionais em todo o mundo.

Reconhecido com várias premiações, o EBC se orgulha de aderir aos principais níveis de padrões éticos e regulamentações internacionais. As subsidiárias do EBC Financial Group são regulamentadas e licenciadas em suas jurisdições locais. O EBC Financial Group (UK) Limited é regulado pela Financial Conduct Authority (FCA) do Reino Unido, o EBC Financial Group (Cayman) Limited é regulado pela Cayman Islands Monetary Authority (CIMA), o EBC Financial Group (Australia) Pty Ltd e o EBC Asset Management Pty Ltd são regulados pela Australia’s Securities and Investments Commission (ASIC).

No centro do Grupo EBC estão profissionais experientes com mais de 30 anos de profunda experiência em grandes instituições financeiras, tendo navegado habilmente por ciclos econômicos significativos, desde o Plaza Accord até a crise do franco suíço em 2015. O EBC defende uma cultura na qual a integridade, o respeito e a segurança dos ativos dos clientes são fundamentais, garantindo que todo o envolvimento dos investidores seja tratado com a máxima seriedade que merece.

O EBC é o Parceiro Oficial de Câmbio do FC Barcelona, oferecendo serviços especializados em regiões como Ásia, LATAM, Oriente Médio, África e Oceania. O EBC Financial Group tem parceria com a Unidos para Combater a Malária, uma campanha da Fundação das Nações Unidas que visa aumentar a saúde global. A partir de fevereiro de 2024 a EBC passou a apoiar a série de engajamentos públicos “What Economists Really Do” (O que os economistas realmente fazem) do Department of Economics da Oxford University, desmistificando a economia e sua aplicação aos principais desafios sociais para aumentar a sua compreensão e o diálogo do público.

https://www.ebc.com/

Contato com a Mídia:

Savitha Ravindran
Gerente Global de Relações Públicas (EMEA, LATAM)
savitha.ravindran@ebc.com  

Chyna Elvina
Gerente Global de Relações Públicas (APAC, LATAM)
chyna.elvina@ebc.com

Douglas Chew
Líder Global de Relações Públicas
douglas.chew@ebc.com

Foto deste comunicado disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/aaaa905a–4c02–44a0–bf7d–b8be3dec4b36/pt


GLOBENEWSWIRE (Distribution ID 9262069)

Press Freedom in Sri Lanka: A Long Road to Justice

At the gravesite of the late editor-in-chief of the influential English-language newspaper Sunday Leader Lasantha Wickrematunge, who was killed in his car on January 8, 2009, on his way to work in Colombo. Credit: Johan Mikaelsson/IPS

At the gravesite of the late editor-in-chief of the influential English-language newspaper Sunday Leader Lasantha Wickrematunge, who was killed in his car on January 8, 2009, on his way to work in Colombo. Credit: Johan Mikaelsson/IPS

By Johan Mikaelsson
COLOMBO, Oct 25 2024 – Anyone interested in unsolved murders and disappearances will find much to study in Sri Lanka. Fifteen to twenty years ago, the country made global headlines, not only for the government’s military offensive against the Liberation Tigers of Tamil Eelam (LTTE) guerrillas but also for the numerous murders of journalists. The newly elected president, Anura Kumara Dissanayake—often referred to as AKD—seems determined to address the culture of impunity.

Local press freedom organizations in Sri Lanka have documented 44 cases of murdered and disappeared journalists and media workers between 2004 and 2010. International media watchdogs report lower numbers due to narrower definitions of who qualifies as a journalist. Regardless, it is well known that many journalists risk their lives. To date, no one has been convicted for the crimes committed against individual journalists or entire newsrooms.

One of the most iconic and globally recognized cases is the murder of Lasantha Wickrematunge, who was killed in his car on January 8, 2009, on his way to work in Colombo. As the editor-in-chief of the influential English-language newspaper Sunday Leader, Wickrematunge was a vocal critic of the government and a prominent figure in public debates.

The Rajapaksa brothers, ex-president Gotabaya Rajapaksa and his brother Mahinda, allegedly obstructed investigations into his murder as well as those involving journalists and members of parliament. Yet, the Wickrematunge family remains hopeful that justice will not only be served for Lasantha but also for all murdered journalists and their families, colleagues, and society as a whole.

Lal Wickrematunge, former owner of the now-defunct Sunday Leader, explained that a new process has begun, gaining momentum since the September 21 presidential election.

“This election was crucial because what’s needed now is political will, just political will,” Lal stated.

He had received assurances from two major presidential candidates, Sajith Premadasa and Anura Kumara Dissanayake, that the investigations would resume post-election.

“They requested to bring back retired CID inspectors to see if they can finally close these cases,” he added.

Since Dissanayake’s clear victory and his formation of an interim government, Lal confirmed that these promises have been fulfilled so far. With parliamentary elections set for November 14, Dissanayake’s leftist coalition, National People’s Power, is projected to secure a majority.

“The new president has reinstated investigators who were previously dismissed or even imprisoned on fabricated charges. These investigators are now back to work, aiming to bring those responsible for journalists’ murders—both in the South and North—to justice,” Lal said.

Hope for Accountability

After the election results were announced, a curfew was imposed, and security was heightened at international airports to prevent former politicians implicated in various crimes from leaving the country. With the upcoming parliamentary elections, Lal remains optimistic.

“I believe this is a step in the right direction. So far, the president has earned the trust of even those who didn’t vote for him, and it looks like his party will win a solid majority in parliament. He’s promised transparency and good governance, and he’s staying true to his word, gaining the confidence of people across the country,” Lal explained.

He then recalled the events of January 2009, when his brother Lasantha was murdered. Four men on two motorcycles smashed the windows of Lasantha’s car. Witnesses didn’t hear any gunshots, but Lasantha had a hole in his skull with no exit wound, and no bullets or gunpowder residue were found. It’s believed the killers used a bolt gun—typically used to slaughter livestock—which they concealed in a rolled-up newspaper.

The suspected mastermind behind the murder is Gotabaya Rajapaksa, who served as president from 2019 to 2022. After several months of widespread protests (known as Aragalaya, which means struggle in Sinhala) against his government over claims of resource mismanagement, fuel shortages, and skyrocketing food prices, he resigned. Rajapaksa, who returned to Sri Lanka after his resignation, now lives off the state like four other former presidents.

As Secretary of Defense from 2005 to 2015, Gotabaya allegedly ordered the assassination. The motive was linked to Sunday Leaders reporting on corruption, particularly in the purchase of used Russian-made MIG fighter jets from Ukraine, where Rajapaksa was implicated as the main beneficiary. Rajapaksa sued the newspaper for defamation, and a court hearing was scheduled for 2009, but the case never proceeded due to Lasantha’s murder.

The Fight for Justice Continues

Though it has been 15 years since Lasantha’s death, his legacy endures, as do the memories of other murdered journalists. Of the 44 documented cases, 41 involved Tamil journalists. Many Sri Lankan journalists in exile, including those associated with JDS Lanka (Journalists for Democracy in Sri Lanka), continue to report on the situation back home.

In 2021-2022, a legal initiative called “A Safer World for the Truth” took place in The Hague under the auspices of The People’s Tribunal on the Murder of Journalists. This project, led by the Permanent People’s Tribunal in collaboration with Free Press Unlimited, Reporters Without Borders, and the Committee to Protect Journalists, reviewed three murder cases, including Lasantha’s.

Nishanta Silva, the lead investigator in the case, now in exile in Switzerland, presented evidence pointing to the involvement of the “Tripoli Platoon,” a secret military unit directly under Gotabaya Rajapaksa’s control.

Although targeted killings of journalists have ceased since 2009, Sri Lanka remains far down in global rankings for press freedom. In Reporters Without Borders’ Press Freedom Index, Sri Lanka ranks 150th out of 180 countries—a grim reflection of the ongoing challenges. Tamil journalists in the north face the greatest difficulties.

Press Freedom in Northern Sri Lanka: Challenges and Resilience

In Jaffna, the largest city in northern Sri Lanka with a population of 170,000, a vibrant Press Club brings together many local journalists who support one another. Similar press clubs exist in Kilinochchi and Mullaitivu, two other northern cities.

In October 2020, Mullaitivu Press Club president, journalist Shanmugam Thavaseelan, and photojournalist Kanapathipillai Kumanan were investigating illegal logging when a group of men approached and attacked them as they were photographing and filming a stack of about 200 tree trunks.

Both Thavaseelan and Kumanan were brutally beaten, with Thavaseelan losing two teeth. They spent three days in the hospital. Thavaseelan’s missing teeth serve as a lasting reminder of the assault.

During the attack, they were forced to delete the contents of a memory card; one card went missing, and one camera was damaged. The two journalists were also robbed of about 50,000 rupees, equivalent to USD 150. Their investigation revealed that the illegal logging was extensive and involved local authorities.

The attackers were identified and arrested by the police but were released on bail after a month. Four years later, the case remains ongoing in court.

“No journalist has been murdered or disappeared since 2009-2010. But they harass us and try to intimidate us in other ways. Over the past ten years, I’ve been involved in five court cases,” says Thavaseelan.

Journalists covering routine news, sports, and cultural events typically face no issues. However, those investigating corruption or misconduct often find themselves in trouble. Most journalists rely on motorcycles for transportation, making them vulnerable on the roads, where there have been multiple incidents of cars deliberately trying to run them over.

“There is no specific legal protection for journalists while we’re doing our work, unlike for government employees,” Thavaseelan explains.

Kumanan, who monitors and reports on the Mullaitivu region, is constantly under surveillance by military intelligence personnel. In this area, there is one Sinhalese soldier for every three Tamil civilians, and they regularly check on Kumanan and track his movements.

“I know my rights, and I stand up for myself, which usually makes them back off,” Kumanan says.

A Struggle for Justice

Freddy Gamage, a Sinhalese journalist from Negombo near Colombo, is president of the Sri Lanka Web Journalists Association and works to strengthen the bonds between journalists and press freedom advocates in the north and south. Over the years, he too has been the target of attacks.

“Our struggle for justice is incredibly difficult and has been going on for over a decade. It’s hard to see how justice will be served, even if the government changes, given how successive Sri Lankan governments have acted in the UN in Geneva, where these issues are raised,” Gamage says.

“But we can’t give up. We need to continue our efforts to unite journalists from the north, east, and south. After the elections, we need to consider what steps we can take, both nationally and internationally, to secure justice,” Gamage explains.

Every year, memorials for murdered journalists are held, where colleagues gather to renew their calls for justice. With the recent change in government, there is hope, but realizing justice will require strong political will, hard work, and perseverance.

IPS UN Bureau Report

 


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IMF isn’t doing enough to support Africa: billions could be made available through special drawing rights

Better drawing rights from the International Monetary Fund (IMF) could assist with the just transition.

Better drawing rights from the International Monetary Fund (IMF) could assist with the just transition.

By Kevin P. Gallagher and Abebe Shimeles
BOSTON, USA & CAPE TOWN, South Africa, Oct 25 2024 – At the 2021 UN Climate Summit, Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs), the International Monetary Fund’s reserve asset.

The special drawing right is an international reserve asset created by the IMF. It is not a currency—its value is based on a basket of five currencies, the biggest chunk of which is the US dollar, followed by the euro. It is a potential claim on the freely usable currencies of IMF members. Special drawing rights can provide a country with liquidity.

Countries can use their special drawing rights to pay back IMF loans, or they can exchange them for foreign currencies.

As Mottley is the newest president of the Climate Vulnerable Forum and Vulnerable Group of 20 (V20) finance ministers, which represents 68 climate-vulnerable countries that are among those with the most dire liquidity needs, including 32 African countries, her call would be directly beneficial to African countries.

In August 2021, as the shock from the COVID-19 pandemic battered their economies, African countries received a lifeline of US$33 billion from special drawing rights. This amounts to more than all the climate finance Africa receives each year and more than half of all annual official development assistance to Africa.

This US$33 billion did not add to African countries’ debt burden, it did not come with any conditions, and it did not cost donors a single cent to provide.

IMF members can vote to create new issuances of special drawing rights. They are then distributed to countries in proportion to their quotas in the IMF. Quotas are denominated in special drawing rights, the IMF’s unit of account.

Quotas are the building blocks of the IMF’s financial and governance structure. An individual member country’s quota broadly reflects its relative position in the world economy. Thus, by design, the poorest and most vulnerable countries receive the least when it comes to quotas and voting shares.

Special drawing rights cannot solve all of Africa’s economic challenges. And their highly technical nature means they are not always well understood. But at a time when African countries are facing chronic liquidity challenges—most countries in the region are spending more on debt service payments than they are on health, education, or climate change—our new research shows that special drawing rights can play an important role in establishing financial stability and enabling investments for development.

Financial stability includes macroeconomic stability (such as low inflation, healthy balance of payments, sufficient foreign reserves), a strong financial system and resilience to shocks.

African leaders are approaching a critical year-long opportunity: in November, the first Group of 20 (G20) summit will convene (with the African Union in attendance as a member for the first time). Then in December, South Africa assumes the G20 presidency.

As African leaders advocate for reforms to the international financial architecture, maximising the potential of special drawing rights should be a central component of their agenda.

The problem

African countries’ finances are facing tough times. External debt in sub-Saharan Africa has tripled since 2008. The average government is now spending 12% of its revenue on external debt service. The COVID-19 pandemic, Russia’s war in Ukraine, and rises in interest rates and the prices of commodities, like food and fertiliser, have all contributed to this trend.

Debt restructuring mechanisms have also proved inadequate. Countries like Zambia and Ghana got stuck in lengthy restructurings. Weak institutional capacity and poor governance also impede efficient use of public resources.

At the same time, African economies need to increase investment to advance development, support a young and growing population, develop climate resilience and take advantage of the opportunity presented by the energy transition.

To meet the resources for a just energy transition and the attainment of the UN 2030 Sustainable Development Goals, investment in climate and development will have to increase from around 24% of GDP (the average for Africa in 2022) to 37%.

Special drawing rights have proved to be an important tool in addressing these challenges. Research by the IMF and others shows that African countries significantly benefited from the special drawing rights they received in 2021 to stabilise their economies. And this happened without worsening debt burdens or costing advanced economies any money, particularly as they cut development aid.

However, advanced economies exercise significant control over the availability of special drawing rights. The IMF’s quota system determines both voting power and their distribution. Advanced economies control most of the IMF’s quotas.

The advanced economies made the right decision in 2021 and in 2009 to issue new special drawing rights and the time has come again.

The solution

African and other global south leaders need to make a strong case for another issuance of special drawing rights at the IMF and World Bank meetings in Washington.

In addition to a new issuance of special drawing rights, advanced economies still need to be pressured to re-channel the hundreds of billions of special drawing rights sitting idle on their balance sheets into productive purposes.

The 2021 allocation of special drawing rights amounted to US$650 billion in total. But only US$33 billion went to African countries due to the IMF’s unequal quota distribution. Meanwhile, advanced economies with powerful currencies and no need for special drawing rights received the lion’s share.

The African Development Bank has spearheaded one such proposal alongside the Inter-American Development Bank. Under this plan, countries with unused special drawing rights could re-channel them to the African Development Bank as hybrid capital, allowing the bank to lend around $4 for each $1 of special drawing rights it receives.

The IMF approved the use of special drawing rights as hybrid capital for multilateral development banks in May. But it set an excessively low limit of 15 billion special drawing rights across all multilateral development banks.

Even so, advanced economies have been slow to re-channel special drawing rights. The close to $100 billion that have been re-channeled—mostly to IMF trust funds—is meaningful.

But it still falls short of what should have been re-channelled.

In the long term, IMF governance reforms are needed to avoid a repeat of the inefficient distribution of special drawing rights.

As African countries rightly push to change shortcomings of the international financial architecture, new special drawing rights issuances should be at the centre of such a strategy. The IMF’s 2021 special drawing rights issuance showed the tool’s scale and importance. And special drawing rights re-channelling has had positive effects in easing debt burdens and freeing up financing to recover from the COVID-19 pandemic.

With 2030 approaching and the window shrinking for climate action, global leaders should be using all the tools at their disposal, including special drawing rights, to build a more resilient future.The Conversation

Kevin P. Gallagher, Professor of Global Development Policy and Director, Global Development Policy Center, Boston University and Abebe Shimeles, Honorary Professor, University of Cape Town

Note: This article is republished from The Conversation under a Creative Commons license. Read the original article.

Kevin P. Gallagher is from Boston University and Abebe Shimeles from the University of Cape Town

 

 


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The Impact of Media Literacy for Meat Production

Ma Moe Wathan (21) feeds her daughter Pan Ei (1.8 year) in their hostel room in A Lal village, Hlaing Thar Yar township, Yangon, Myanmar. Credit: UNICEF/Nyan Zay Htet

By Oritro Karim
UNITED NATIONS, Oct 25 2024 – With the emergence of generative artificial intelligence (AI) and social media, the dissemination of public information moves at a faster speed than ever before. Social media platforms have become an integral tool for users of younger generations to access the news. Although this shift has led to public news being more accessible to younger users, it has also led to an overall decline in media literacy.

According to a study by the Pew Research Center, approximately 54 percent of U.S. adults get their news from social media platforms such as X (formerly known as Twitter), Tiktok, Instagram, Facebook, and YouTube.

In an increasingly digital age, media literacy has seen a significant decline. Experts have attributed this to the rise of social media, which has led to shorter attention spans among younger generations. Gloria Mark, PhD, professor of informatics at the University of California, states that the average attention spans recorded in 2004 were about two and a half minutes. In the last five years, this has dwindled to about 47 seconds.

Social media platforms offer users a rapidly changing and endless flow of content, which has a negative impact on attention spans. Constant switches from one source of stimuli to another have adverse effects on the default network of the brain and its functions, making it difficult for users to maintain attention.

A study published by the University of British Columbia titled Mind-wandering as spontaneous thought: a dynamic framework, states that “attention and the focus of thoughts frequently shift back and forth between the internal and external environment; there is often a simultaneous deactivation of the DN (default network of the brain) in many different task paradigms”.

While news organizations have social media accounts in an effort to spread the truth and get more engagement, they find themselves being overshadowed by content creators who can more effectively captivate the short attention spans of internet users. These users often incorporate sensationalized language and spread false narratives.

The same study from the Pew Research Center reports that 64 percent of adults surveyed reported feeling confused on what is real or not due to the misinformation or ‘clickbait’ that runs rampant on social platforms. 23 percent reported that they shared false information either knowingly or unknowingly.

Misinformation, while not always intentionally harmful, can have negative effects on the relationship between experts and the public. “Polarization on topics such as climate change and vaccines has damaged public trust in science, which makes it harder for scientists to serve society,” said Dr Ataharul Chowdhury, an agricultural scientist at the University of Guelph.

The rise of generative AI in media spaces has added a layer of complication, as social analysts describe it as an amplifier for misinformation. The field of AI is largely unregulated and offers users the tools to create hyper realistic images and photos that could easily deceive viewers.

As Gita Johar, the Meyer Feldberg Professor of Business at Columbia Business School, Columbia University explained, the presence of AI and the “amount of misinformation” created in social media sites is going to multiply.

“People have started realizing that AI is behind a lot of this misinformation. Over time, they’re not going to know what to trust anymore, plus there’s such a deficit of trust in society as it is. As AI does more and more, even if you have disclaimers saying such and such was produced by AI, what you’re going to see is consumers becoming more skeptical of information,” she said.

The effects of the decline in media literacy has significant ramifications on the ways that people conduct their daily practices, inlcuding when it comes to food. Facts about the relationship between the meat industry and food production have been largely divisive among the American public.

According to the United Nations (UN), the meat production industry is a significant contributor to the climate crisis, emitting more greenhouse gasses than the world’s biggest oil companies. Additionally, meat production is responsible for dwindling water resources and exacerbates deforestation.

A 2023 survey conducted by the Washington Post-University of Maryland reports that 74 percent of Americans think that meat production and consumption has little to no detrimental impact on the environment.

A report published by Changing Markets Foundation (CMF) used opinion mining and language processing algorithms to detect over 948,000 tweets from 1 June 2022 to 31 July 2023 that contained misinformation about meat production and its impacts, as well as false statements about alternative practices such as adopting plant-rich diets and consuming poultry instead of red meat.

CMF summarized the main sentiments found in misleading posts that focused on meat production and consumption. 78 percent of users disparaged alternatives of meat and dairy products and discredited their potential benefits for the environment and public health. 22 percent of users tweeted that meat consumption is wholly beneficial for the human body. Many users also attempted to refute scientific data on the environmental impact of global animal agriculture.

Misinformation surrounding agriculture and plant consumption has become widespread in the past two decades. Genetically modified crops and organic farming have been points of significant contention for both farmers and consumers in recent years.

While there are supporters for both sides of the argument, it is farmers and marketers who appeal to the consumer’s fears of health concerns and environmental damage to convince people to buy their products. “Agri-food misinformation creates anxiety, uncertainty and confusion among farmers and consumers,” says Chowdhury.

Transparent advertising is essential for the agriculture industry, especially in today’s climate where people do not know if they can trust the food that they are eating. “Businesses can lead the way here. Advertisers need to work together to make this happen. It’s good for them, and it’s good for society. It’s really a win-win. Then they can actually force platforms to abide by some kind of rules and procedures and make sure that they’re actually monitoring and trying to prevent the spread of misinformation,” says Johar.

IPS UN Bureau Report

 


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The Impact of Global Megatrends on Poverty in Asia & the Pacific

Credit: World Meteorological Organization/Muhammad Amdad Hossain

By Selahattin Selsah Pasali and Selim Raihan
BANGKOK, Thailand, Oct 25 2024 – In the coming decades, the Asia-Pacific region faces a series of challenges that threaten to exacerbate poverty. Among these, climate change, demographic shifts, particularly population ageing and the rise of digital technologies stand out as three interconnected global megatrends.

A recent technical paper supporting the Social Outlook for Asia and the Pacific 2024 explores various scenarios on how climate change, demographic shifts and digitalization could impact poverty. It reveals that 266 million people could be at risk of falling into poverty by 2040.

This underscores the urgent need to strengthen and finance social protection systems across the region, as addressing these issues proactively is far more cost-effective than reacting to them later.

Understanding the megatrends

Climate change is increasingly evident, with rising temperatures, extreme weather and disrupted ecosystems impacting both the environment and economies. This poses a direct threat to livelihoods, especially for those dependent on agriculture and natural resources.

Population ageing is another significant trend. While longer life expectancy is positive, it strains social services, healthcare and pension systems. Without integrated policies to address these pressures, public resources, already strained by debt, could face further strain, risking economic instability.

Digital technologies advance rapidly, offering growth and efficiency benefits but also posing challenges. Job displacement and increased inequality are potential risks if these technologies are not managed inclusively. Balancing their benefits and risks is crucial for equitable progress.

The Impact on Poverty

Using the Global Trade Analysis Project (GTAP) model to project 2040 scenarios, varying degrees of climate change, demographic shifts, and digitalization show a stark contrast between optimistic and pessimistic outcomes, highlighting the crucial need to enhance social protection expenditures. Two scenarios are considered in the model with results presented in Figure 1:

    • Optimistic scenario: This scenario assumes a 1.5-degree Celsius increase in global temperatures, that populations age in a healthy manner, and significant improvements are made by countries in ICT productive capacity by 2040. Under this scenario, the projected increase in poverty by 2040 is 199.8 million people or 6.5 per cent of the total population in the Asia-Pacific region.
    • Pessimistic scenario: In contrast, the pessimistic scenario assumes a 2.0-degree Celsius increase in global temperatures, no progress in healthy ageing and insufficient advancements in ICT productivity. Here, the poverty headcount is projected to increase by 266.1 million people or 8.7 per cent of the total population.

Source: ESCAP elaborations based on GTAP model and household income and expenditure surveys from 27 countries available in ESCAP SPOT Simulator. Note: As per table 5.1, three global megatrends including climate change, demographic shifts, including ageing, and digitalization are introduced in the GTAP model as shocks.
 
The pessimistic scenario presumes a 2-degree Celsius rise in temperature, populations ageing in an unhealthy manner and countries slowly improving their ICT Productive Capacity. The optimistic scenario presumes a 1.5-degree Celsius rise in temperature, populations ageing in a healthy manner with less health expenditures needed and countries making significant improvements in their ICT Productive Capacity.

The difference between these scenarios illustrates the profound impact of each megatrend. Climate change is a major driver of increased poverty. For instance, under a pessimistic scenario, Kiribati, Nepal and Tonga could see their poverty rates rise by over 15 percentage points relative to the baseline.

Even with just a 1.5°C warming, the regional average poverty rate could increase by 2.8 percentage points, highlighting climate change’s significant impact on poverty. Population ageing is also a critical factor.

Without healthy ageing, an additional 10 million people might fall into poverty due to rising healthcare costs, with countries like Armenia, Kiribati, Maldives and Mongolia being especially vulnerable. Digitalization, though less impactful overall, has notable effects in specific countries like Türkiye, Viet Nam and Vanuatu, influencing differences between optimistic and pessimistic scenarios.

The urgent need for action

If social protection expenditures are not increased, the cost of mitigating the rise in poverty could be substantial. To counteract the projected poverty increases, approximately 6.2 per cent of GDP would need to be mobilized under the optimistic scenario.

The total cost would increase to 8.7 per cent of GDP in 2040 under the pessimistic scenario. These are lower-bound estimates as they assume governments could directly target affected households and seamlessly provide cash transfers.

The projected rise in poverty and associated costs underscore the urgent need for government action which necessitates stronger political will to match the associated investment needs. Empirical analysis supports several key policy recommendations.

Governments should implement policies for a just transition, which includes effective climate action to mitigate the economic and social impacts of both sudden and gradual disasters and to support the shift towards a net-zero emissions economy.

Additionally, strategies for healthy ageing and investing in healthcare infrastructure, such as universal social health protection, can ease the financial strain of an ageing population, ensuring social stability and economic prosperity.

At the same time, policymakers should also focus on fostering inclusive digital economies, providing opportunities for all, including those at risk of being left behind. Investments in digital literacy and skills training are crucial to counteract digital disruption’s negative effects.

Overall, expanding social protection coverage and increasing benefit levels are essential. This includes implementing social protection floors and gradually enhancing multi-pillared systems to cover more individuals and increase benefits, ensuring no one is excluded from protection against life cycle contingencies and shocks.

Originally published as an opinion piece by Nikkei Asia.

Selahattin Selsah Pasali is Social Affairs Officer, Social Development Division, ESCAP; Selim Raihan is Professor, Department of Economics, University of Dhaka and Executive Director of South Asian Network on Economic Modeling (SANEM)

IPS UN Bureau

 


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Advanced Care Group Makes a Strong Entrance at Global Health Exhibition, Ready to Lead at Arab Health 2025

RIYADH, Saudi Arabia, Oct. 25, 2024 (GLOBE NEWSWIRE) — Advanced Care Group is making waves in the Middle Eastern healthcare market following a powerful debut at the Global Health Exhibition in Riyadh. From October 21 to 23, Advanced Care Group captivated industry leaders, showcasing its expertise in placing hospital executives and nurse managers, along with highly skilled frontline personnel drawn from a global talent pool.

With newly established offices in both Dubai and Riyadh, Advanced Care Group is set to meet the growing demands of hospitals, medical clinics, and surgical centers across the UAE and Saudi Arabia. Specializing in recruiting hospital leaders and nurse managers, the company delivers solutions that are both customized and comprehensive, ensuring healthcare facilities can provide the highest quality of care.

“The response to our market entry has been incredible,” said Kris Stewart, Founder & CEO of Advanced Care Group. “Hospital executives and healthcare system leaders are eager to engage with us, signaling a powerful demand for our specialized expertise in recruitment. We’re thrilled to see such enthusiasm and can’t wait to further support the region’s healthcare advancements.”

Following this exciting showcase, Advanced Care Group is gearing up for its next major event at Arab Health in Dubai, set for January 2025. The company plans to further demonstrate its commitment to advancing healthcare by engaging directly with key decision–makers and stakeholders at one of the region’s largest healthcare gatherings.

For more information on how Advanced Care Group can meet your staffing needs and to connect with the team at these events, please contact:

Kris Stewart

Founder & CEO

Advanced Care Group

Tel: +971–800–03111–256

Email: kris@acgroup.global

Website: http://www.acgroup.global

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/669f4b89–e7ac–4d77–b2f1–fd2825ae667e


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