Berne, 27.09.2024 – The Federal Financial Control Office will proceed with an examination of prescriptions designed to guarantee the quality of women and forecasts which are used in accordance with the legislative process, in accordance with the decision made by the Federal Council for their approval 27 September 2024. This exam will contribute to the fact that the Federal Council, the Parliament and the people have the best possible basis for making decisions.
The women and the forecasts are of great importance for the legislation. Elles influentialnt l’ensemble du processus, de la consultation à l’éventuelle vote popularaire en passant par les débats au Parlement. As a result, the Federal Council has asked the Federal Finance Inspectorate (CDF) to proceed with an examination of the suitability and effectiveness of the prescriptions and instruments existing here to guarantee the quality of women and forecasts. He is also asked to examine the quality of the women’s bases, methods and processes which are used to evaluate the forecasts contained in the messages and the explanations brochure of the Federal Council. The CDF operates autonomously and independently, within the limits of legal prescriptions. I accept the request of the Federal Council. Your work is signed up for the annual program 2025.
Erroneous women and imprecise predictions make it possible to question the decisions of the Federal Council and the Parliament, once again the people’s cells if the women’s project is to be voted on. Also the Federal Council at the beginning of the measures on January 15, 2020 to guarantee the objectivity and actuality of the basic decisions. For example, the quantitative data should be presented in a synthetic manner, with its sources, from the stages of consultation and the reports should contain an appreciation of the reliability of the estimations.
The Federal Council requested by the CDF to verify that the measures decided on 15 January 2020 are well taken into account in practice in all departments. The first to determine is that it is necessary to take the general order measures on the basis of the administrative enquête in cours portant on the erroneous estimations in the financial perspectives of the AVS. Ultimately, the examiner’s request is that the Federal Administration team is competent in the systematic manner of the training undertaken by the Federal Administration of contributions to the arrest suite concerning the initiative on the criminalization of the mariage. The CDF fixes independently the definitive questions that concern the object of the exam.
The women and the fairytale predictions reinforce not only the legislation, but also the confidence of the population in the political process and the instruments of direct democracy.
Address for envoi de questions
Urs Bruderer Chef ai de la Section communication058 483 99 69urs.bruderer@bk.admin.ch
Nordea Bank Abp intends to source certain data for base rate calculations and currency components under its programme for Warrants & Certificates, which currently are being sourced from LSEG Data & Analytics (formerly Refinitiv) from Bloomberg. All references to Reuters, Thomson Reuters, Refinitiv or LSEG Data & Analytics shall therefore be construed as references to Bloomberg.
These changes will affect all instruments issued in or after 2012 and will be effective as per 11 October 2024. The changes are not expected to be materially prejudicial to any holder of the affected instruments.
Source: United Kingdom – Executive Government & Departments
Scientists comment on the FDA approving Cobenfy (KarXT) for schizophrenia.
Dr Sameer Jauhar, Senior Clinical Lecturer in Affective Disorders and Psychosis, Consultant Psychiatrist, King’s College, London and South London and Maudsley NHS Foundation Trust, said:
“Schizophrenia can be a devastating illness for people and their families, and the effects on society are significant.
“We do have effective treatments, and the pharmacological treatments are a foundation for holistic care (which includes psychosocial interventions).
“Unfortunately currently available antipsychotics have significant side-effects, which include weight gain and movement effects, and this can affect peoples’ concordance with treatment.
“All currently licensed antipsychotics exert effects on the dopamine system, and this has been the case for at least 50 years.
“We have had false dawns before, despite significant efforts in the field (with significant financial investment) phase three trials of newer compounds have so far been disappointing.
“This novel treatment is the first of its kind, which does not act directly on the dopamine system, with good phase three trial data.
“The side effect profile from Phase three trials suggests it has less of the side effects noted with current treatments.
“It is acknowledged that these trials are short in duration, and we will need longer-term trials, to inform clinical care.
“In my opinion, as a clinician and researcher, this is possibly one of the most exciting developments in our field, and I am very excited about this.”
Dr Robert McCutcheon, Wellcome Clinical Research Career Development Fellow, Department of Psychiatry, University of Oxford,said:
Just how significant is this approval in the mental health/ schizophrenia treatment field?
“This is a major advance – it is the first treatment for schizophrenia with a novel target for 70 years.
Why do we need other drug treatments in schizophrenia?
“Current treatments are ineffective for many of the symptoms of schizophrenia, we need compounds with novel mechanisms of action.
What is different about this drug to previous drugs for schizophrenia?
“All other treatments work by targeting dopamine receptors. This is the first treatment that has a different target. We hope this may mean it can help people who don’t respond to standard treatments and maybe help the symptoms that aren’t helped by existing treatments.
What does this mean for patients in the UK who may be excited about this news?
“We will be running the first UK trial of this compound in Oxford, starting in 2025.”
Dr Paul Keedwell, Consultant Psychiatrist and Fellow of the Royal College of Psychiatrists, said:
“New candidates for the treatment of this frequently debilitating condition are always welcome. However, the clinical effectiveness needs to be tested in real clinical settings. We also need to know how well it is tolerated given its tendency to cause gastro-intestinal problems in some patients.”
Dr Sameer Jauhar: SJ has given educational talks on psychosis for Behringer=Ingelheim, Sunovian, Janssen, and Lundbeck. He has consulted for LB Pharmaceuticals on antipsychotics. He has sat on a Wellcome Funding Panel, and NICE Technology appraisal panel for treatment of antipsychotic induced movement disorder. He is a Council Member of the British Association for Psychopharmacology (unpaid) and Academic Faculty of the Royal College of Psychiatrists (unpaid).
Dr Robert McCutcheon: RAM has received speaker/consultancy fees from Boehringer Ingelheim, Janssen, Karuna, Lundbeck, Newron, Otsuka, and Viatris, and co-directs a company that designs digital resources to support treatment of mental ill health. I am leading a Wellcome trust funded RCT of the compound in early psychosis.
Innovation barns that could house workshops and offices
More skilled jobs and a place for Plymouth’s marine businesses to innovate and collaborate – that’s all part of the vision for the next stage of the Oceansgate development which has now been submitted to planners.
A planning application has been submitted this week for a series of innovation barns – high spec large industrial units for use as workshops and prototyping along with project offices.
Over 1,700 square metres of high-quality space within eight units is being planned to expand the existing Oceansgate complex, which is already home to 14 light industrial units and 12 offices.
Councillor Tudor Evans OBE, Leader of Plymouth City Council, said: “Plymouth is at the forefront of marine innovation and a key part of its success is enabling businesses to collaborate with each other and test prototypes.
“The first two phases have regenerated and revived land that had been unused by the MOD for decades. There are over 170 people employed directly or indirectly thanks to Oceansgate.
“We need to make sure Plymouth stays at the forefront of marine innovation and this is the ideal place to help make this happen.
“South Yard was literally built for the city’s marine industry – an industry which changes all the time. These proposals should help the city of Plymouth continue to lead in this key sector.”
The planning application proposes two buildings that would be similar in style, but a higher specification to the already high-spec offices and industrial units at Oceansgate. The Oceansgate development has been built to reflect the historic nature of South Yard as well as the street pattern outside its boundaries with natural material such as limestone.
The next phase promises to be even greener and built to the latest low carbon building specifications. Features include renewable energy systems, the use of lower carbon materials – such as sustainably sourced timber, stone, and recycled building materials, orientation of the buildings for heat/shade, efficient heating, ventilation and air conditioning systems. There will also be cycle parking and EV charge facilities.
Historic England have been part of the pre-application discussions along with the Council’s planning department and it supports the Council’s Climate Emergency Action Plan.
The Plymouth and South Devon Freeport have allocated seed capital grant of £3.256 million and the Council is service borrowing of £3.274m to fund the plans.
Securing the City Deal nearly 10 years ago helped lay the foundations for the city’s marine and maritime innovation sector to thrive. South Yard is now a key part of the Plymouth and South Devon Freeport and offers specific tax and relief benefits for companies based within it, incentivising employers to invest and create new jobs.
The Freeport’s Tax Site at South Yard will support the marine and defence sectors by providing a focal point for technological advances in these arenas. It is the South West’s prime location for marine and maritime capability with direct waterfront access to docks, deep water jetties, land, offices and workshops for testing, trialling, and prototyping.
VICTORIA, Seychelles, Sept. 27, 2024 (GLOBE NEWSWIRE) — KCEX, a leading cryptocurrency exchange, has made significant strides in the digital asset trading space by unveiling a suite of new features, including its Reward Center and a Futures Trading Competition. With a commitment to enhancing user engagement and providing a robust platform for traders, KCEX aims to establish itself as a prominent player in the global crypto trading market.
Enhanced Trading Experience with KCEX: KCEX has quickly risen as a reliable platform for both novice and experienced crypto traders. The platform provides a secure and user-friendly environment, with over 500 cryptocurrencies available for trading, alongside futures and spot trading options. Notably, the exchange integrates advanced charting tools, competitive trading fees, and robust security features, making it a comprehensive destination for traders worldwide.
KCEX’s transparent fee structure is a standout feature, offering some of the lowest transaction fees in the market. Traders benefit from a 0% fee on spot trades and a dynamic fee structure of 0% maker, 0.02% taker for futures trading, ensuring affordability across diverse trading strategies. Additionally, KCEX offers exceptional liquidity, which is critical for executing trades swiftly and efficiently, minimizing slippage even in volatile markets.
Futures Trading Competition: One of the most exciting developments from KCEX is the launch of its Daily Futures PNL Trading Competition, aimed at encouraging active trading and rewarding top-performing users. The competition is structured to reward participants based on their daily profit from futures trading activities, offering an opportunity for both professional traders and enthusiasts to showcase their skills.
The competition has garnered attention for its attractive daily prize pool of $20K, with rewards distributed to top traders based on their performance in futures trading. This event fosters a competitive yet supportive environment, where traders can engage with the platform, test their strategies, and potentially walk away with significant rewards.
Reward Center – Incentives for Traders: To further incentivize its user base, KCEX has introduced the Reward Center, a centralized hub where traders can access exclusive bonuses and rewards. The Reward Center is designed to offer a variety of incentives for simple tasks, tailored to boost user engagement and satisfaction.
Security and Compliance: KCEX has placed a strong emphasis on security and regulatory compliance, which are critical factors for users in today’s volatile cryptocurrency market. The platform utilizes advanced security protocols such as two-factor authentication (2FA), multi-signature wallets, and cold storage solutions to safeguard user assets. Moreover, KCEX adheres to strict anti-money laundering (AML) and know your customer (KYC) regulations, ensuring a safe and compliant trading environment for its global user base.
Global Reach and Community Engagement: With a growing user base across Asia, Europe, and North America, KCEX has positioned itself as a global platform. Its multilingual support and localized services cater to a diverse range of users, enhancing accessibility. Additionally, KCEX engages actively with its community through social media, offering regular updates, educational content, and market insights, which help traders make informed decisions.
The exchange’s customer support services have also been highly rated for their responsiveness and efficiency, ensuring that users receive timely assistance with any technical or trading-related issues.
Future Plans and Roadmap: Looking ahead, KCEX aims to continue expanding its product offerings and global footprint. The platform is exploring the integration of new blockchain technologies and DeFi (Decentralized Finance) features to enhance the trading experience further.
Conclusion: KCEX’s new features, including the Daily Futures PNL Trading Competition and Reward Center, underscore the platform’s commitment to providing a comprehensive and rewarding trading experience for users. As the cryptocurrency market continues to evolve, KCEX is well-positioned to remain a key player, offering innovative solutions, robust security, and a user-centric approach to trading.
Disclaimer: This content is provided by “KCEX”. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
Photos accompanying this announcement are available at
VICTORIA, Seychelles, Sept. 27, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a partnership with Cats (CATS), a trending meme coin from the TON ecosystem. Bitget users will now be able to claim the CATS token airdrop on Telegram with zero gas fees. These tokens will be automatically credited to users’ Bitget accounts before CATS spot trading begins in early October. Additionally, CATS will be featured on Bitget Launchpool, a free-to-farm platform, starting October 30, 2024, with a total distribution of 19.5 billion CATS tokens.
These initiatives aim to enhance user engagement with the Cats platform while providing substantial rewards for early adopters and supporters.
Earlier in September, Bitget listed CATS in its Pre-market, serving as a vital resource for traders and investors eager to engage with promising tokens ahead of their broader market release. By facilitating early trading opportunities for tokens like CATS, Bitget enhances trading options for its users, offering a unique chance to capitalize on market trends before they enter the mainstream. As of September 27, CATS is trading at 0.00043 USDT in the Bitget Pre-market, with total volume surpassing 1.5 million USDT.
CATS is a meme coin that embodies the playful spirit and culture of the Telegram community. Similar to its counterpart, Dogs ($DOGS), loyal Telegram users can claim CATS airdrops based on factors such as account age, premium status, and activity levels. To date, the project has attracted over 40 million holders through its viral Telegram mini-app, establishing itself as one of the most popular meme coins on the TON blockchain.
The listing of CATS on Bitget Launchpool marks a significant milestone in expanding its reach and influence within the blockchain gaming industry. This listing underscores CATS’s potential as a trending TON-based project and reaffirms Bitget’s commitment to supporting innovative TON-based initiatives that drive the future of decentralized ecosystems.
As the staking period commences, users are encouraged to participate actively and seize the rewards offered through this unique opportunity. With CATS’s growing popularity and its innovative approach to gaming, the listing on Bitget Launchpool is expected to attract considerable attention from both gaming and blockchain communities.
For more information on CATS, visit the community or check out the Launchpool.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. 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 being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
Risk Warning:Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice. For more information, see our Terms of Use.
NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced G Mining Ventures Corp. (TSX: GMIN; OTCQX: GMINF), a precious metals mining company, has qualified to trade on the OTCQX® Best Market. G Mining Ventures Corp. upgraded to OTCQX from the Pink® market.
On April 22, 2024, G Mining TZ Corp. (formerly G Mining Ventures Corp.) (“Former GMIN”), Reunion Gold Corporation (“Reunion Gold”) and Greenheart Gold Inc. (“Greenheart”, and collectively with GMIN and Reunion Gold, the “Parties”), entered into an arrangement agreement under which the Parties agreed to complete a plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement”). Pursuant to the Arrangement, which closed on July 15, 2024, a newly incorporated successor issuer, G Mining Ventures Corp. (“New GMIN”), now holds and manages the combined business of Former GMIN and Reunion Gold.
As a result, shares of Former GMIN ceased trading on the OTCQX on July 17, 2024, and New GMIN shares begins trading today on OTCQX under the symbol “GMINF,” in substitution for the Former GMIN shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
“We have seen significant and growing investor interest as our flagship Tocantinzinho Gold Mine in Brazil commenced commercial production in September, the Oko West Project in Guyana delivered a positive Preliminary Economic Assessment, and the acquisition of the CentroGold Project from BHP is targeting completion by Q1 2025. We are very pleased that our graduation to the OTCQX® Best Market will provide enhanced visibility to U.S. investors and help meet the significant interest from U.S. based investors,” commented Louis-Pierre Gignac, President and CEO of G Mining Ventures.
About G Mining Ventures Corp. G Mining Ventures Corp. is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Gold Project in Brazil and Oko West Project in Guyana, both mining friendly and prospective jurisdictions.
About OTC Markets Group Inc. OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
CHICAGO, Sept. 27, 2024 (GLOBE NEWSWIRE) — Amplify ETFs announces September income distributions for its Income ETFs.
ETF Name
Ticker
Amount per Share
Ex-Date
Record Date
Payable Date
Amplify Samsung SOFR ETF
SOFR
$0.42733
9/27/2024
9/27/2024
9/30/2024
Amplify CWP Enhanced Dividend Income ETF
DIVO
$0.16343
9/27/2024
9/27/2024
9/30/2024
Amplify Cash Flow High Income ETF
HCOW
$0.16000
9/27/2024
9/27/2024
9/30/2024
Amplify CWP International Enhanced Dividend Income ETF
IDVO
$0.15520
9/27/2024
9/27/2024
9/30/2024
Amplify CWP Growth & Income ETF
QDVO
$0.14880
9/27/2024
9/27/2024
9/30/2024
Amplify High Income ETF
YYY
$0.12000
9/27/2024
9/27/2024
9/30/2024
Amplify Natural Resources Dividend Income ETF
NDIV
$0.11979
9/27/2024
9/27/2024
9/30/2024
About Amplify ETFs Amplify ETFs, sponsored by Amplify Investments, has over $9 billion in assets across its suite of ETFs (as of 6/30/2024). Amplify ETFs deliver expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. Learn more visit AmplifyETFs.com.
This information is not intended to provide and should not be relied upon for accounting, legal or tax advice, or investment recommendations. To receive a distribution, you must be a registered shareholder of the fund on the record date. Distributions are paid to shareholders on the payment date. There is no guarantee that distributions will be made in the future. Your own trading will also generate tax consequences and transaction expenses. Past distributions are not indicative of future distributions. Please consult your tax professional or financial adviser for more information regarding your tax situation.
Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in Amplify Funds’ statutory and summary prospectuses, which may be obtained atAmplifyETFs.com. Read the prospectuses carefully before investing.
Investing involves risk, including the possible loss of principal.
Amplify ETFs are distributed by Foreside Services, LLC.
The Asian Infrastructure Investment Bank (AIIB) unveiled its latest digital solution, AIIB+, a first-of-its-kind interface designed to better match external concessional and technical resources with AIIB’s project pipeline.
“AIIB+ is not just another digital platform,” said AIIB Vice President, Policy and Strategy, Sir Danny Alexander. “It is a vision, which intends to revolutionize the way in which Multilateral Development Banks mobilize concessional resources.”
To address the urgent and significant infrastructure needs faced by developing countries in Asia and beyond, AIIB+ aims to:
1) Match AIIB’s project pipeline with the most suitable technical and concessional financial resources from external partners
2) Mobilize grants and concessional finance at speed and scale with minimum transaction costs and maximum leverage for donors
3) Scale the impact for clients by expanding the range of financing and technical sources and partners, connecting them with other digital solutions.
“As the first MDB digital matchmaker, AIIB+ is poised to transform the landscape of infrastructure financing,” Sir Danny said. “It is not just about funding, it is about creating partnerships to bridge gaps, build futures and deliver concessional financing to AIIB Members.”
Several institutions, public and private, have already subscribed to the digital portal and joined the launch, including the Swiss State Secretariat Office for Economic Affairs (SECO), the China International Development Co-operation Agency (CIDCA), the United Nations Development Programme (UNDP), the United Nations Children’s Fund (UNICEF) and the Alliance to End Plastic Waste (AEPW).
For more information on AIIB+ or to become a member, please visit AIIB+ Portal or email partnerships@aiib.org
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is Financing Infrastructure for Tomorrow in Asia and beyond—infrastructure with sustainability at its core. We began operations in Beijing in 2016 and have since grown to 110 approved members worldwide. We are capitalized at USD100 billion and AAA-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
OTTAWA, Ontario, Sept. 27, 2024 (GLOBE NEWSWIRE) — With only days until Cybersecurity Awareness Month, Calian Group Ltd. (TSX: CGY) has announced a new collaboration with Microsoft. Through Calian’s adoption of Microsoft Sentinel, an intelligent, comprehensive security information and event management (SIEM) solution, Calian is strengthening its market position in Canada and the U.S. by providing customers access to a globally recognized cybersecurity platform that provides holistic threat protection with collection, detection, investigation and response capabilities.
This collaboration positions Calian to capture a growing share of the global cybersecurity market which continues to rise as organizations take more responsibility to protect their business. The 2023 Cybersecurity Ventures Cybercrime Report released this year predicts that global cybercrime damage will hit $10.5 trillion annually by 2025 and global cybersecurity spending will exceed $175 trillion.
“Adopting Microsoft Sentinel marks a major milestone in Calian’s strategic enhancement of our cybersecurity defences,” says Mike Tremblay, President of Calian’s IT & Cyber Solutions. “This collaboration allows us to use cutting-edge AI technologies to deliver security measures that are critical in protecting our customers’ operations against increasingly complex threats—representing our commitment to providing the best possible solutions because we recognize that our customers cannot afford to fail.”
The increasing sophistication and frequency of global cybersecurity attacks, especially using artificial intelligence, is leading organizations to modernize their security operations centres (SOC). The leading-edge, cloud-native Microsoft Sentinel platform not only optimizes operational efficiency, but also supports scalable deployments, ensuring that Calian can continue to grow and innovate to stay ahead of its customers’ evolving needs.
“This collaboration with Calian reflects our shared commitment to protect a company’s business by providing advanced security solutions that guard critical operations and foster innovation,” says Chris Barry, President of Microsoft Canada. “Together, we can protect a company’s cloud and multiplatform digital estate with a modern, comprehensive SIEM solution built on the cloud and enriched by AI to rapidly uncover sophisticated cyberthreats and respond at machine speed.”
Calian anticipates this collaboration will drive significant growth in its cybersecurity business over the next few years, attracting new customers and expanding its service offerings to existing clients in mission-critical industries such as healthcare, defence, and other critical infrastructure industries.
About Calian www.calian.com We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.
Product or service names mentioned herein may be the trademarks of their respective owners.
DISCLAIMER Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.
Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8 Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com
Source: Africa Press Organisation – English (2) – Report:
LUANDA, Angola, September 27, 2024/APO Group/ —
In recent talks between Angola’s President João Manuel Lourenço and African Development Bank Group (www.AfDB.org) head Dr Akinwumi Adesina, the two leaders discussed a wide range of measures introduced by the Angolan government to rapidly transform the economy.
The reforms include diversifying away from oil, promoting private sector, tackling the country’s debt burden, reduce poverty, achieving food and energy security, and creating youth employment. The leaders met on Friday 20 September, in the Angolan capital Luanda.
Terming the reforms as bold, Adesina told President Lourenço, “What you have done to reduce public debt is impressive. You moved from 119% of GDP in 2020, to an expected 58% of GDP this year below, despite significant external shocks.”
He also pointed to the positive outlook of the country’s economic performance saying, “even though your GDP growth is estimated at 2.7% this year, it is projected to rise to 4.3% in 2025 because of the structural reforms and diversification agenda you are implementing.”
Stressing the importance of maintaining the momentum for reform, Adesina announced that the African Development Bank will support Angola’s request for a two-year budget support operation of about $160 million for 2024, with a second tranche scheduled for 2025.
President Lourenço said in addition to promoting a private sector driven economy and diversifying away from the oil sector, his government is working to create decent jobs for youth. He has made human capital and skills development one of the three pillars of his government’s National Development Plan 2023-2027.
Angola has one of the world’s fastest growing populations, with half of its 35 million people being youth. 40% of its youth are unemployed. About 550,000 new workers join the labor force every year, requiring a concerted effort to created decent jobs at comparable pace.
President Lourenço welcomed the Bank’s offer to work with his government to design and co-finance a comprehensive initiative to avail capital to young entrepreneurs as the Youth Entrepreneurship Investment Banks which the Bank has successfully helped to establish in countries such as Liberia and Ethiopia.
The Bank recently approved $124 million for a youth project in Angola, locally known as CRESCER, which brings together the financial sector and the entrepreneurial associations to find tailored solutions for young entrepreneurs.
On agriculture, the Angolan leader and the Bank Group president agreed that with 35 million hectares of fertile land and water supply, the country should transform its sector to achieve food security and create jobs for youth and women.
“Angola has no business spending $2 billion per annum importing food. It should and can be totally self-sufficient and even become a net exporter,” said Adesina.
The African Development Bank has a portfolio of $212 million currently invested in the sector and is finalising a further investment of around to step up agricultural production in the easter region of Angola. $100 million. The Bank pledged to help Angola scale up fertiliser use and domestic production, and work with the country towards the establishment of Special Agriculture Processing Zones operating in 11 other African countries.
In addition to agriculture, “Angola is sitting on a gold mine of clean hydro energy,” said Adesina, “you have 1.5GW of unused clean hydro energy and by 2027 you will have 3.5GW. With investment from the private sector, the country can provide power solution to Zambia, Namibia and South Africa.”
Angola is working to attract significant private sector investment and will present projects worth nearly $2 billion at this year’s Africa Investment Forum, to be held in Morocco’s city of Rabat from 4 to 6 December.
Adesina thanked Angola for its support for the Bank, including the General Capital Increase and the Bank’s campaign for rechanneling of the IMF’s Special Drawing Rights through multilateral development banks. Angola is also one of the few regional contributors to the Bank’s concessional window, the African Development Fund, having provided about 6.5 million Euros to each of the Fund’s last three replenishments.
During his visit, the Bank Group president also met with Angola’s Finance Minister Vera Daves De Sousa and the Minister for Planning Victor Hugo Guilherme. He later toured the Bank’s $90 million funded Luanda Science and Technology Park.
Adesina was accompanied by the Director General for Southern Africa Region Leila Mokaddem, the Country Manager for Angola and Sao Tomé Principe Pietro Toigo, the Executive Director for Angola, Mozambique, Namibia and Zimbabwe João Luis Ngimbi and Modibo Toure, Bank Group President’s Special Envoy for Shareholder Relations in Africa.
The Monetary Policy Rate (MoPR) was unchanged at 1.9 percent of the previous week, for a paper maturing on 9 October 2024. The summarised results of the auction held on 27 September 2024, are attached below:
MIL OSI Translation. Government of the Republic of France statements from French to English –
Source: Switzerland – Department of Foreign Affairs in French
Federal Council
Bern, 27.09.2024 – At its meeting on 27 September 2024, the Federal Council appointed the current Deputy Director of the Federal Office of Sport (FOSPO) and Head of Sports Policy and Legal Affairs as Director of the FOSPO as of 1 November 2024. She succeeds Matthias Remund, who will leave his position on 31 October 2024 to take up a new challenge.
Sandra Felix, 57, has a degree in business economics from the FES. After obtaining this qualification in 1997, she completed further training in the field of quality management and techniques for economists. She gained experience in management positions and leadership roles in the construction and machinery industry, then, from 2005, in the Grisons public administration in the Department of Finance before holding the position of Secretary of the Department of Economics and Social Affairs of the Canton of Grisons for six years. In July 2017, Sandra Felix joined the OFSPO. On 1 September 2018, she became Deputy Director for Office Management and headed the Sports Policy and Legal Affairs Division. She was appointed Deputy Director of the OFSPO on 1 April 2021.
For the vacant position, Viola Amherd, President of the Confederation and Head of the Federal Department of Defence, Civil Protection and Sport (DDPS), has set up a selection committee comprising Daniel Büchel, Secretary General of the DDPS, Marc Siegenthaler, Deputy Secretary General of the DDPS, Christelle Luisier Brodard, State Councillor, Head of the Department of Institutions, Spatial Planning and Sport and President of the Vaud State Council and Ruth Wipfli Steinegger, Vice-President of Swiss Olympic.
Sandra Felix clearly stood out during the recruitment process due to her education, professional background and many years of experience. In particular, she has experience in operational and strategic management and is very familiar with the Swiss sports system and the collaboration with private-law sports organisations, the relevant departments of the federal administration, the cantons and other institutions.
The Federal Council thanks Matthias Remund for his valuable service over almost twenty years as Director of OFSPO.
Address for sending questions
Lorenz FrischknechtSuppl. Head of Communications / DDPS spokesperson 41 58 484 26 17
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on September 30, 2024, Monday, as under:
OSLO, Norway (27 September 2024) – TGS ASA, a leading provider of energy data and intelligence is assigned Ba3 rating with a stable outlook from Moody’s.
The USD 450 million backed senior secured notes (originally issued by Petroleum Geo-Services AS, a fully owned subsidiary of TGS) are upgraded two notches from B2 to Ba3 with a stable outlook.
Moody’s press release announcing the rating action is available on their home page https://www.moodys.com/.
For more information, visit TGS.com or contact:
Bård Stenberg IR & Communication Mobile: +47 992 45 235 investor@tgs.com
About TGS TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit www.tgs.com (https://www.tgs.com/).
Forward Looking Statement All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward-looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
NEW YORK, Sept. 27, 2024 (GLOBE NEWSWIRE) — StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm focused on providing customized investment solutions, advisory, and data services, today announced the final close of StepStone Secondary Opportunities Fund V, L.P. (“SSOF V”) and related separate accounts (together, “Fund V”) with $7.4 billion of capital commitments. With $4.8 billion of aggregate capital commitments, SSOF V more than doubled in size relative to its predecessor fund.
The Firm’s secondaries strategy leverages StepStone’s broader platform to utilize its sponsor relationships, differentiated data, and information access to create opportunities that may generate strong risk-adjusted returns. Since inception, StepStone has deployed over $14 billion into over 210 private equity secondaries transactions, focusing on a balanced mix of LP-led and GP-led opportunities.
SSOF V is over 50% committed to investments and will continue to focus on the less efficient segments of the secondaries market where StepStone believes its relationships and information advantages present key differentiators in isolating high-quality assets managed by best-in-class private equity sponsors.
The fund is supported by a globally diversified set of institutional investors that include sovereign wealth funds, public and corporate pension funds, endowments, foundations, family offices and various others.
The fund is managed by Thomas Bradley and Mark Maruszewski, Co-Heads of Private Equity Secondaries, and Adam Johnston and John Kettnich. They are supported by a dedicated 37-person team, with a broader network of over 1,000 professionals based throughout StepStone’s 27 offices across 16 countries.
Mr. Bradley commented, “We are extremely pleased to have received such strong investor support, which we attribute to the strength of our track record, the compelling secondaries market opportunity, and the value our platform brings to those seeking secondary liquidity. This newly raised capital will allow us to continue to take advantage of the best risk-adjusted opportunities while partnering with best-in-class managers among an increasing desire for liquidity from global private equity investors.”
Regarding SSOF V, Mr. Johnston said, “We are incredibly grateful for the trust and support from existing and new investors around the world. Our team and platform has never been stronger and we believe we are well-positioned to capitalize on the substantial and growing opportunities in the private equity secondaries market.”
About StepStone Group StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions. StepStone has one of the largest secondary liquidity solutions platforms globally, providing an important source of capital to sophisticated investors and general partners across private equity, venture capital & growth equity, real estate, infrastructure, and private debt. As of June 30, 2024, StepStone was responsible for approximately $701 billion of total capital, including $170 billion of assets under management and $27 billion dedicated to secondary solutions. The Firm’s secondaries strategy leverages StepStone’s broader platform to utilize its sponsor relationships, differentiated data, and information access to create opportunities that may generate strong risk-adjusted returns. Since inception, StepStone has deployed over $14 billion into over 210 private equity secondaries transactions, focusing on a balanced mix of LP-led and GP-led opportunities.
PARK CITY, UT, Sept. 27, 2024 (GLOBE NEWSWIRE) — EQV Ventures Acquisition Corp. (“EQV” or the “Company”) announced today that, effective immediately, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. The Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange (“NYSE”) under the symbols “EQV” and “EQVW,” respectively. Those units not separated will continue to trade on NYSE under the symbol “EQVU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate the units into Class A ordinary shares and warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering was made solely by means of a prospectus, copies of which may be obtained from BTIG, LLC, 65 East 55th Street, New York, New York 10022, Attn: Syndicate Department, BTIGSyndicateCoverage@btig.com. Copies of the registration statement relating to the offering are also available on the SEC’s website, www.sec.gov.
About EQV Ventures Acquisition Corp.
EQV is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. EQV is led by Chief Executive Officer Jerry Silvey and President and Chief Financial Officer Tyson Taylor, and is sponsored by an affiliate of the EQV Group, a group of companies focused on the acquisition, management and optimization of predictable cash-flowing asset bases across the traditional energy spectrum. While the Company is not limited to a particular industry or geographic region in its identification and acquisition of a target company, the Company seeks to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with an oil and gas exploration and production company in North America or Europe. The Company expects to benefit from its affiliation with the EQV Group through access to corporate relationships, industry sector expertise and value creation capabilities. For more information, please visit www.eqvventures.com.
This press release contains statements that constitute “forward-looking statements,” including with respect to the search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Over 530 high EPC-rated homes, with 20% designated for affordable housing, seven acres of vibrant green space, and a range of commercial amenities will bring about the transformation of the site, which has lain derelict for 15 years. Designed by Glancy Nicholls Architects, the low-rise development plans emulate the surrounding conservation area and maximise the canalside setting. The scheme will also open up a new pedestrian route to the city core, reducing the previous walk time by 20 minutes, and igniting investment into a commercial corridor.
The waterfront development site sits on the eastern edge of the city centre and is made up of the Canal & River Trust-owned former Crane Foundry site, and the Council’s former British Steel site and land off Qualcast Road.
Councillor Stephen Simkins, Leader of City of Wolverhampton Council, said: “Wavensmere Homes submitted a quality and comprehensive planning application that will deliver for Wolverhampton. This project is fundamental to our brownfield first strategy, driving investment into the Green Innovation Corridor, and it will also fulfil a key objective of our Canalside Delivery Partnership with the Canal & River Trust.
“We can now look forward to work starting on site. Bringing life back to the redundant sites along our canal network is critical to boosting footfall into our city centre. As one of the largest new housing developments in the Midlands, Wavensmere’s £150m investment will enable Wolverhampton residents to benefit from superb connectivity, amenities, and health and wellbeing opportunities at this wonderful heritage location.”
Wavensmere Homes will construct 378 two-and three-bedroom townhouses, designed to target an EPC-A rated specification, together with 145 one-and two-bedroom apartments. A building of 10 co-living units – each containing six bedrooms – will deliver affordable living typologies to young professionals. 54 houses and 80 apartment and co-living bedrooms will benefit from waterside views. The multi-award-winning urban regeneration specialist will also be reanimating the disused railway arches on the site into 1,338sqm (14,400 sq ft) of lettable commercial space.
James Dickens, Managing Director of Wavensmere Homes, said: “The experience of working with this City Council – and in particular the planning department – has been unprecedented. Wolverhampton is a city that is open for business.
“As a timeline, Wavensmere was announced as the new developer for this nationally significant project last December, and we are now in a position to confirm that we will be starting work at Canalside South before the year is out. This scheme will be a catalyst for a new wave of ambitious city living, which is vital to see the Wolverhampton Pound spent locally.
“It’s the level of proactivity and can-do approach that made this happen, which has been brought about through a shared vision, great people, and the Council’s strong leadership team at the helm. As a result of this positive and efficient experience, we are committed to invest a lot more in the City of Wolverhampton.”
Wavensmere Homes will future-proof the new homes by installing electric only heating systems. A range of technologies will be utilised across the development, consisting of air source heat pumps, solar panels and mechanical ventilation with heat recovery (MVHR). There will also be EV charging to each house or parking space, alongside an array of EV chargers for visitors.
The overall vision for the Wolverhampton Canalside masterplan is the delivery of around 1,000 homes to meet both the city and wider region’s housing needs, with sustainability and place-making at its heart.
Andrew Chandler, Development Manager at the Canal & River Trust, added: “We are delighted to be working collaboratively with City of Wolverhampton Council and Wavensmere Homes to bring forward this transformational, high quality canalside residential-led scheme which will deliver generous well-connected walkways and public open spaces. This scheme will transform derelict brownfield land, while connecting more people to the local canal network and its rich biodiversity.
“Canalside South will positively influence the quality of future development around our canals. It will also demonstrate the positive impact that water has on those who live and use the waterways, encouraging more people to engage with their local canal and at the same time help support what we do as a charity and show that life really is better by water.”
Birmingham-headquartered Wavensmere Homes has 3,500 homes on site, or currently in planning. The firm is in the final phase of the £175m Nightingale Quarter, which is the redevelopment of the former Derbyshire Royal Infirmary into 925 energy-efficient houses, apartments, and community amenities. The company is constructing two other major brownfield regeneration schemes, located in central Birmingham and Ipswich, and has further projects – including four additional landmark schemes in Derby and Cheltenham – in the immediate pipeline.
Source: United Kingdom – Executive Government & Departments 3
The UK’s Permanent Representative to the WTO and UN in Geneva, Simon Manley, gave a statement during Kazakhstan’s first WTO Trade Policy Review.
Location:
Geneva
Delivered on:
(Transcript of the speech, exactly as it was delivered)
Thank you very much, Chair. First of all, let me offer a really warm welcome to the Minister and all his team from Astana. Great to have you here. Great to have you back, Ambassador Zanar Aitzhan, really lovely to see you. Let me thank you, Chair, as ever, for your introduction, the WTO Secretariat for your report and, of course, our Ambassador Sophia Boza Martinez, Ambassador and, of course, Professor. Thank you for your presentation this morning.
As this is the first Trade Policy Review since Kazakhstan’s accession 10 years ago, obviously, today, this week, indeed offers a really unique opportunity to reflect upon Kazakhstan’s trade policies over the last decade. And thank you, Minister, for your presentation to kick us off this morning, but also for the role that trade policy has played not just in Kazakhstan’s development, which you explained, but also in this organisation and in our work over the last 10 years.
Chair, I think probably is not a surprise to you or to most of the people in this room, but the UK is a great believer in the virtues and benefits of WTO accession. And I think they’re demonstrated by Kazakhstan’s economic performance over the last 10 years: trade growth from 57% of GDP back in 2017 to 62% last year, Most Favoured Nation tariff decrease from almost 8% in 2016 to 6% now.
During that same period, again, as the Minister related at the beginning, Kazakhstan has faced the shock, political, economic shock of the pandemic, but showed significant broad-based economic resilience. And we think that is, in part, the fruit of being a member of this organization. We particularly recognize the success of the ‘Digital Kazakhstan’ programme, which has facilitated the growth of so many Kazakh SMEs (Small and Medium-Sized Enterprises).
The UK is, again, both the Minister and Sophia mentioned, a strong believer in the Kazakhstan’s economy. We are one of Kazakhstan’s top six investors, with an annual trade turnover of almost £ 3 billion, which reflects, in our view, a strategic partnership which we have nurtured since Kazakhstan’s independence back in 1991. And that partnership stretches across many areas, from business and education to climate and biodiversity and all the way from Astana and the Caspian Sea to the shores of Lake Geneva here in Switzerland.
For instance, Kazakhstan’s national airline Air Astana was successfully floated on the London Stock Exchange earlier this year; British universities, including Coventry and De Montfort, have opened campuses in Kazakhstan and offered dual degree programmes; British companies have made significant investments in flagship oil and gas projects and Kazakhstan’s mining sector. And here in Geneva, we are close partners, not just here in this organization, but also in the Human Rights Council, where we are proud to work with Kazakhstan as an elected member of that body.
We welcome Kazakhstan’s commitment to continue broadening and deepening that bilateral relationship. We look forward to hosting our annual Intergovernmental Commission on Trade and Investment in London this autumn, and that 11th session of the Commission will provide an important opportunity to discuss how we can further strengthen that relationship for the future, with the first meeting since we signed the UK-Kazakhstan Strategic Partnership and Cooperation Agreement.
Our engagement with this Trade Policy Review has been motivated by a desire to build upon that bilateral progress. Kazakhstan’s constructive answers to our Advanced Written Questions, thank you, should provide clarity, and we hope ease trade for UK and Kazakh businesses.
Most of all, Chair, Minister, we’d welcome progress in tackling one key Market Access Barrier that is faced by British businesses, and that is the use of subsidies favouring domestic agricultural machinery over imported “like” machinery. We fully understand the importance of increasing domestic manufacturing for Kazakhstan’s economy, but we do believe that those subsidies negatively impact Kazakhstan’s agricultural sector development, responsible for over 4% of GDP, pricing, we’d argue, the best technology out of the market. We’d also venture to suggest that those subsidies are not compliant with WTO rules. So, going forward, we would really like Kazakhstan to comply with those rules and take steps to modify or eliminate those subsidies.
We would also, I have to say, welcome Kazakhstan’s accession to the Government Procurement Agreement, as it suggested it would do during the WTO accession process. We maintain an offer of bilateral assistance, should you desire to take forward that process of accession.
More generally, let me pay tribute, as so many others have done this morning, to the role that Kazakhstan has played within this organisation since its accession. Minister, you touched on it, as did Sophia, most significantly the pivotal role you played in chairing the MC12 negotiations, even if we were denied the opportunity, sadly, by the Pandemic of a visit to Astana. It was a great privilege to work with Ambassador Aitzhan, who led the charge for the delivery, not just of that Ministerial Conference, but also for the Services paragraph, and it has been a great tribune for services in trade in this organisation as Chair of the Council for Trade in Services in Special Session. Your work is not being left unfinished. We need to push forward with ensuring that we give due recognition in this organization to the rapidly growing global services in trade, which offer such opportunities for countries in both the developed and developing world.
We also welcome Kazakhstan’s participation within a whole range of other plurilateral initiatives, as others have said this morning, including those on Investment Facilitation for Development, E-commerce and Services Domestic Regulation, all really important initiatives which we wish to see brought within the framework of this organisation.
And it would be remiss of me as one of the co-chairs of the Informal Working Group on Trade and Gender, not to mention, as my Ukrainian colleague did, Kazakhstan’s commitment not just to that Working Group, but to the cause of trade and gender equality, particularly through enhancing women’s employment and entrepreneurial skills. So, I would really love Kazakhstan to come to that Working Group to share its experiences in supporting women in trade, including the Business Roadmap 2020-25 initiative, at one of our future meetings.
Finally, let me commend the Minister and is delegation, who had to face the WTO internal deadline of the 30th of August for submitting Advanced Written Questions, coinciding with their most important national holiday, the Constitution Day. I hope that they found time to have their own belated celebrations, if they haven’t done so far. And I hope that, at the end of this week, they will celebrate in style in this fair city.
Secretary for Justice Paul Lam today promoted Hong Kong’s legal services as he continued a visit to Kuala Lumpur, Malaysia, as part of a tour of Association of Southeast Asian Nations (ASEAN) member states.
Mr Lam met Deputy President of the Associated Chinese Chambers of Commerce & Industry of Malaysia Ng Yih Pyng this morning to learn more about the country’s need for cross-jurisdictional legal services, and briefed him on Hong Kong’s diversified professional services.
He then received a lunch briefing from Chief Executive Officer of Standard Chartered Saadiq Malaysia Bilal Parvaiz, gaining a better understanding of Malaysia’s business landscape and the demand from its financial sector for legal and dispute resolution services.
That was followed by a meeting with Vice-President of the Malaysian Bar Anand Raj, which entailed a discussion about legal co-operation and exchanges between Malaysia and Hong Kong.
Mr Lam also took the opportunity to visit the Malaysian International Mediation Centre, which was launched in January under the auspices of the Malaysian Bar Council.
In addition, he met Chief Executive Officer of the Asian International Arbitration Centre (AIAC) Almalena Sharmila Johan to learn about its provision of institutional support for domestic and international arbitration and other alternative dispute resolution proceedings.
Upon arriving in Kuala Lumpur yesterday afternoon, Mr Lam had a meeting with Attorney General of Malaysia Tan Sri Ahmad Terrirudin bin Mohd Salleh.
He also met representatives from Malaysia’s legal and business sectors at a seminar titled Hong Kong: The Common Law Gateway for Malaysian Businesses to China and Beyond. This was followed by an evening networking reception co-organised by the Department of Justice (DoJ), the Hong Kong Economic & Trade Office in Jakarta and the National Chamber of Commerce & Industry of Malaysia.
Attendees were briefed on various topics, including Hong Kong’s unique advantages under “one country, two systems”, and its latest lawtech services for resolving cross-border disputes.
During the seminar, Mr Lam witnessed the signing of a memorandum of understanding (MoU), facilitated by the DoJ, between the South China International Arbitration Center (HK) and the AIAC, and a supplementary MoU between the eBRAM International Online Dispute Resolution Centre and the AIAC.
Yesterday’s itinerary ended with a dinner meeting between Mr Lam and Malaysia’s Minister in the Prime Minister’s Department Azalina Othman Said.
Mr Lam will conclude his ASEAN tour and return to Hong Kong tomorrow.
The Reserve Bank today held a Conference in Bengaluru for the Directors on the Boards of Small Finance Banks (SFBs). Shri Swaminathan J, Deputy Governor inaugurated the Conference. The event, with the theme ‘Governance in SFBs – Driving Sustainable Growth and Stability’, is part of a series of supervisory engagements that the Reserve Bank has been organising with the Directors of its Supervised Entities in recent past. Earlier, the Conferences for Directors on the Boards of Public Sector Banks and Private Sector Banks were held in May 2023 and for UCBs in August 2023 and June 2024.
Executive Directors Shri S C Murmu, Shri Rohit Jain and Shri R L K Rao along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the Reserve Bank also participated in the Conference.
Deputy Governor Shri Swaminathan J., in his keynote address, underscored the significant role of Governance in guiding SFBs towards sustainable growth with stability. He also exhorted the Directors to be vigilant and proactive in identifying and mitigating emerging risks and highlighted the importance of sustainable business models. He emphasised the need for strengthening cybersecurity to safeguard against digital threats, and urged a stronger focus on financial inclusion, customer service and grievance redressal to ensure a broader reach of banking services.
The Conference also included technical sessions conducted by senior officials of RBI in the areas of ‘Governance and Assurance Functions’, ‘Business Risk – Regulatory & Supervisory Expectations’ and ‘IT Systems & Cybersecurity’. The technical sessions were followed by a talk by an external Expert on ‘Board Conduct in Banks’ and a panel discussion by Independent Directors of select SFBs on the topic – ‘SFBs Prospects & Challenges’.
The Conference concluded with an open house interactive session of the participants with the Executive Directors of the Reserve Bank.
Source: Africa Press Organisation – English (2) – Report:
JOHANNESBURG, South Africa, September 27, 2024/APO Group/ —
Next Engineers, a global college-and career-readiness programme working to increase the diversity of young people in engineering, celebrated the graduation of its first-ever Engineering Academy learners in Johannesburg, South Africa on Friday, September 27. The graduation ceremony marked the programme’s contribution towards bridging the Science, Technology, Engineering and Mathematics (STEM) skills gap in the country through exposing learners to hands-on engineering experiences and career pathways.
The 37 learners from 15 high schools across Johannesburg who completed the programme, many of whom plan to study towards an engineering-related qualification at university or technical higher learning institutions, were joined by their families at University of Witwatersrand, Sturrock Park Sports Hall, to celebrate their achievements. Launched in 2022, PROTEC, University of Witwatersrand, and Kutitiva Foundation are the educational partners for the local Next Engineers programme, and local GE Vernova engineers and employees actively engage with Academy participants through hands-on, skill-based volunteering.
“We are proud to see our first cohort of learners graduating and wish them all a successful learning trajectory in the next stage of their education journey,” said Matsi Eseu, South Africa HR Director for GE Vernova. “At GE Vernova, we believe education is a significant driver of economic inclusion and it’s inspiring to see the positive impact the Next Engineers programme is having, not just in empowering tomorrow’s engineers who will solve society’s most pressing challenges but also in increasing the diversity of young people, particularly females, in the engineering sector. We extend our gratitude to all those involved in the Engineering Academy.”
Learners who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree programme receive financial aid to support them as they continue on their paths to becoming engineers.
Balan Moodley, CEO of PROTEC, said, “I extend my heartfelt congratulations to each and every graduate in this programme. Their commitment and hard work inspire us all, and I have every confidence they will continue to make a positive impact in the field of engineering and beyond. I also want to express my sincere gratitude to GE Vernova in Johannesburg for their unwavering support and partnership throughout this journey. Together, we have laid the groundwork for a brighter future in engineering, and I am excited to see the continued success of Next Engineers in empowering young minds.”
The Next Engineers: Engineering Academy is a transformative learning experience designed for learners aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, participants learn to think and act like engineers.
Key programme highlights:
Dedication: The Engineering Academy spans three years, with learners dedicating 220 hours outside of regular school hours to participate.
Design challenges: In small teams, learners tackle increasingly complex design challenges, mastering the engineering design process.
Foundational skills: Beyond technical knowledge, learners develop essential skills such as communication, teamwork, persistence, time management, and presentation abilities.
Education and career exploration: Workshops and activities prepare learners for their next steps, including university campus tours and interactions with company volunteers.
Scholarships: Learners who complete the program and enroll in post-secondary engineering degree programs receive partial scholarships. Next Engineers anticipates granting at least $2 million in scholarships to the inaugural classes of Engineering Academy learners worldwide.
Johannesburg, South Africa, was among the first four locations to launch Next Engineers, with a $2.5 million (R44.6 million) investment from the GE Foundation in 2021. To date, Next Engineers, which also includes programming for learners in grades 8-12, has reached more than 3,500 learners across Johannesburg.
STEM training and education, such as Next Engineers, is helping to solve global challenges while also lifting up communities through economic opportunities. Next Engineers is not the only way GE Vernova in South Africa has committed to supporting the next generation of STEM talent. GE Vernova’s South Africa External Bursary Programme has offered comprehensive bursaries to the tune of $5.4 million (R95.6 million) to support over 648 beneficiaries pursuing a Bachelor of Science, Commerce or Arts qualification from 2020 to date. The bursaries are aimed at alleviating the financial strain of tertiary students and covers the tuition, accommodation, textbook costs, and a monthly stipend over the period of study.
For more information about Next Engineers and the Engineering Academy, visit http://apo-opa.co/3BmFfKp.
Small plastic particles are everywhere: in the soil where our food is grown, in the water we drink and in the air we breathe. They got there from the plastic we throw away, which ends up in landfill sites, rivers and seas. There the plastic waste slowly breaks down, releasing tiny particles called microplastics and even tinier nanoplastics into the environment.
Microplastics are also increasingly being found throughout the human body. We are not sure how they got there, though there are three probable routes. We may ingest microplastics when we eat and drink, or breathe them into our lungs, or absorb them through our skin. Another route has recently been suggested, whereby microplastics get up our noses and from there into our brains.
For a long time, it was thought that the human brain existed in splendid isolation from the rest of the body. The so-called blood-brain barrier, a special layer of cells, protects the brain from all manner of pathogens and harmful substances. However, we now know that the blood-brain barrier can be breached because small plastic particles have been found in the human brain.
New research has suggested that the blood-brain barrier has at least one vulnerable spot where microplastics may be able to get into the brain. This potential entry point was suggested by researchers at the Freie Universität Berlin and the University of São Paulo. It is in the nose, where there are special nerves, the olfactory nerves, that detect smells.
The olfactory nerves run from the inside of the nose, through the skull, and then directly into part of the brain called the olfactory bulb. The researchers suggest that microparticles breathed into the nose may somehow get transported along the olfactory nerves and into the brain.
The researchers came to their conclusions by analysing tissue samples from residents of São Paulo who had died and undergone routine coroners’ autopsies. They removed the olfactory bulbs from these brains and analysed them using a variety of techniques.
Eight out of the 15 brains studied had microplastics in their olfactory bulbs. However, these eight samples had only 16 microplastic particles between them, which is perhaps some comfort.
Those 16 plastic particles included fragments, spheres and fibres, and were made of polypropylene, nylon and other plastics. Some of the fibres could have come from clothing. This makes sense because laundering clothes made from synthetic fibres is a significant source of microplastics in the environment.
Some of our small plastic particles are missing
The new study is just one of many that has reported the presence of small plastic particles in the human body. Most of these studies are about microplastics, which are particles up to five millimetres in size. Very few studies have looked for nanoplastics in the human body.
Nanoplastics are less than one-thousandth of a millimetre in size – so tiny that it is difficult to detect them without special equipment, and few scientists have easy access to this equipment.
The reason nanoplastics are important is that, unlike microplastics, they are well-documented to be harmful to living cells. This is because nanoplastics are small enough to get inside cells. Once inside, they can kill the cell.
Fortunately, there is no evidence that humans have suffered any great increase in birth defects in recent years. Maybe the placenta is able to stop microplastics and nanoplastics from reaching the foetus.
We need to know much more about the presence of microplastics – and especially nanoplastics – in the human body. And we need to know how they get there in the first place.
This makes the new Berlin-São Paulo study so interesting. It suggests a potential entry point, from the nose into the brain. This leaves us with the question: what potential risks are posed to our health by microplastics and nanoplastics? The jury is out, but perhaps feeling a little more nervous than before.
Michael Richardson receives funding from the Netherlands Scientific Organization (NWO) of the Netherlands Government.
Meiru Wang does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation – UK – By Daniel Read, Professor of Behavioural Science, Warwick Business School, University of Warwick
The Fyre music festival and its well-publicised failure are widely seen as a mixture of incompetence and fraud, embodied in Billy McFarland, its chief architect. People paid thousands of dollars for what was advertised as a luxury music festival but they were served simple cheese sandwiches and the entertainment was cancelled. McFarland spent almost four years in prison for fraud.
But now McFarland is out and promoting Fyre Festival II. He claims that he has already sold 100 tickets at the early bird price of £499.
Why would anyone give the Fyre Festival a second chance? Research shows that people’s mental shortcuts can give them confidence in someone who has let them down before.
Prices for Fyre Festival II range from US$1,400 and $1.1 million (£1,050 and £824,000). Nothing specific has yet been offered, other than an indefinite location (a private island off the Caribbean coast of Mexico), some activities including scuba diving with McFarland himself, and an approximate date (April, 2025).
McFarland’s former business partner Andy King has said that Fyre Festival II raises “a lot of red flags.”. Yet even King, who lost US$1 million on the original Fyre Festival, admitted he met McFarland for Fyre Festival II talks before becoming wary.
There is little research on this topic, but I found some help in The Big Con, written in 1940 by David Maurer, a professor of linguistics who dedicated his career to studying the language and culture of those leading a criminal lifestyle, including con artists.
The Big Con was the inspiration for the 1973 Paul Newman movie The Sting. You may remember that (spoilers) Newman and Robert Redford and his team fleece Robert Shaw using a con in which the mark is persuaded that he can bet on horse races after they are run because of a delay in messages received by a betting shop.
A central factor is ambiguity. It is hard to be certain from accounts of Fyre Festival whether McFarland set out to be a con man, or is simply a persuasive person who took on more than he could handle. Perhaps McFarland has learned his lessons and will not make the same mistakes. In The Big Con, the grifters tried to make their marks unsure whether they were really being scammed, even after the money changed hands. In The Sting, Robert Shaw’s character never learns that he was conned.
Maurer documents many cases of marks coming back for more, convinced that the original failure was due to bad luck that won’t be repeated. A typical example comes from a con artist named the Big Alabama Kid, who tells Maurer about a mark they had conned out of US$50,000 in Miami. After he had lost all his money in a gambling con they offered him a chance to try again. But he did not return.
Three months later, “who should come in smiling but Mr. Bates with a lot of apologies for keeping me waiting so long. He said that his banker had tried to tell him that this deal was a swindle, and wouldn’t let him have his money. So he waited until things had cooled off at home and the banker had forgotten all about it. Then he went to the bank, drew out his money, and caught the first train for the south.”
Giving the right impression
It is sometimes hard to persuade even the victims of a con that they are victims.
Another factor is confidence, both on the part of the grifter and the mark. People often follow the confidence heuristic (or mental shortcut) when judging whether to believe others. The confidence heuristic is that people are confident when they believe they are right, and this confidence makes them persuasive. Such an ability to exude confidence is one of the key skills that all con men must have.
The mark also has to be confident. That is, to be able to rely on their own ability to discern a good opportunity when they see it. Maurer finds the mark is typically someone who has achieved high social status, and sees themselves as having “some inherent superiority, especially as regards matters of sound judgment in finance and investment … as a person of vision and even of genius”.
It is not hard to see the potential Fyre Festival attendee or investor here, someone who has money to spare, and who hopes to discover the new Burning Man or invest in it.
Scarcity, time pressure and the fear of missing out are also powerful psychological motivators likely to make people susceptible to being conned – especially if the essence of the con is that the opportunity is one time only. If we think something is difficult to get, we want it more.
This is what US psychologist Robert Cialdini refers to as the scarcity principle, and is a motivation that emerges early in life. A 2018 study I co-authored found children as young as six preferred scarce goods compared to abundant ones.
Maurer’s studies of con artists showed that they carefully craft the set up so that the mark has an exclusive one time only opportunity to make his big score.
McFarland claims to have 5,000 unique requests for tickets, but only 3,000 slots available. If you go to the Fyre Festival website you cannot buy tickets. Applicants receive the message “Thank you for your application. If approved, the FYRE concierge will be in touch.”
I am currently in the queue for one of these tickets, and so far the concierge has not been in touch. Will I be lucky enough to be one of the chosen few?
Daniel Read does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
It’s party conference season in Britain, a chance for members to meet and talk through their successes and failures from the election campaign – and start talking strategy for the next.
Perhaps inevitably after it suffered such a crushing defeat and the resignation of its leader, the Conservative party conference in Birmingham risks taking on the air of a wake. Quite a contrast, then, with the Lib Dem bash down in Brighton, which, complete with jet skis and beach volleyball, was very much a celebratory affair.
Admittedly, Labour’s get-together in Liverpool, plagued as it was by newspaper stories about supposedly dodgy donations and the row over winter fuel allowances, wasn’t quite as upbeat as one might expect from a party that has just won a sizeable majority.
Whatever the outcome, many (though by no means all) members of all the parties worked hard to help deliver MPs to parliament. True, the evidence that campaigning by party members makes much of a difference to election results is hardly overwhelming.
But it can obviously make a difference in the closest of constituency contests. Examples in 2024 would surely include Hendon, won by Labour by just 15 votes, Basildon and Billericay, won by the Tories by 20, South Basildon and East Thurrock, won by Reform by 98, and even Ely and East Cambridgeshire, won by the Lib Dems by 495.
The party members project, run out of Queen Mary University of London and Sussex University, has been surveying party members about their activities after every election since 2015 and has just completed the 2024 exercise. And it appears that, following a decline in election campaigning in 2017 and 2019, there was a slight uptick overall this time round.
A simple way of looking at this is to note the proportion of respondents who told us they’d spent no time at all campaigning for their party (see Table 1). This rose considerably in 2017 and even more so in 2019 but dropped noticeably this year, suggesting the grassroots are getting a little more active, even if they’re still spending way less time campaigning for their parties than they were a decade ago.
Table 1: Percentage of party members saying they spent no time campaigning during the 2024 general election:
Party members who didn’t campaign. NB: Figures in the Reform column cover Reform in 2024, UKIP in 2015 and 2017 and the Brexit Party in 2019. Party Members Project, CC BY-ND
However, the uptick was due largely to the time put in by members of the smaller parties rather than by those belonging to the Conservatives or Labour – although it should be said that members almost certainly tend to overestimate the time they put in.
Indeed, worryingly for Keir Starmer, Labour members actually appear to have been no more active (and in some respects perhaps somewhat less active) than they were five years ago. This is possibly owing to the departure of many of those fired up by Jeremy Corbyn’s leadership in 2017 and 2019.
On the other hand, if we dig into the type of activities members got involved in, a slightly different picture emerges. Members of the smaller parties may be putting in the work, but they’re doing it from the comfort of their homes rather than pounding the pavements.
If we exclude the admittedly large number of party members who told us they either did nothing for their party or just hit “don’t know”, a whopping 71% of Reform members and 67% of Green members who were active said they spent time campaigning on social media in 2024. Just 45% of Conservative members who had done at least something for their party during the campaign said the same.
However, Reform and to some extent Green members too, were less likely than members of the Conservative, Labour and Liberal Democrat parties to do some of what, in the jargon, is known as high-intensity activity – the stuff that involves direct contact with voters (or at least their letterboxes).
Table 2: What active party members got up to in the 2024 election campaign (percentages):
What members got up to. Party Members Project, CC BY-ND
Interestingly, the members of the “old” parties appear to have done less on social media than they did in 2019. Instead they put their efforts into activities that, research suggests, do sometimes make a difference, such as leafleting. The Lib Dems (as ever) emerged as the champions when it came to this activity, with 59% of members who did something for the party during the election stuffing campaign literature through British households’ letterboxes. Whether it got read on its journey from front door to recycling bin, of course, is another matter.
But what also comes through strongly is that, worryingly for whoever takes over as leader from Rishi Sunak, Conservative members seem to be lagging further and further behind their main rivals – Labour and (especially) the Lib Dems – on campaign activities overall (see Table 3).
Table 3: Average number of activities (out of a total of nine) done by all members of each party during the 2024 general election campaign:
Lib Dems come out on top for average number of activities. Party Members Project, CC BY-ND
Now, nobody would argue, of course, that this was the main reason the Conservatives lost the election so badly. Nor should anyone imagine that simply recruiting and enthusing more members – something each of the candidates vying to become Tory leader has vowed to do – will rapidly reverse the epic defeat the party suffered this summer. But it certainly wouldn’t do it any harm in the long term.
After all, the Tories almost certainly have a very long and very hard road ahead of them in opposition. Persuading more people to join the party, and encouraging as many of those who do join to get out “on the doorstep” (or even just to go online if that’s all they feel up to), might not make that road much shorter. But it might make it feel just that little bit easier.
The Party Membership Project received Talent and Stabilization funding from Research England, via QMUL, for this survey research.
Paul Webb has previously received funding from the ESRC to conduct research on political parties.
Stavroula Chrona does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Thousands of genes from deep-sea marine life are being used to create new commercial products ranging from pharmaceuticals to cosmetics. Genes are segments of DNA that provide instructions for making other molecules that are essential for the structure and function of living organisms.
In a paper we recently published with other colleagues, we investigated how bioprospecting – the search and discovery of potential products from animals, plants and microbes – could serve as a less destructive alternative to deep-sea mining.
Notably, all of the largest companies using marine genes have sourced them from deep-sea organisms in some capacity. Deep-sea animals possess unique genes that allow them to live in an environment unlike anything else on Earth, with its intense cold, crushing pressure and total darkness.
What are these organisms? Most are microbes that have evolved over millions of years to thrive in extreme conditions. Among the most uniquely adapted are those found around hydrothermal vents, where mineral-rich seawater, superheated by magma, erupts from cracks in the ocean floor.
Deep-sea enzymes, a type of molecule encoded by the genes of organisms that live in extreme environments, are stable in conditions that other enzymes often cannot function. Their ability to catalyse chemical reactions under high pressure and a wide range of temperatures makes them commercially valuable for making industrial and consumer products, including drugs, food, detergents and biofuels.
Bioprospecting in the deep sea
One remarkable example involves the bacteria that live in very salty habitats. This microbe was isolated from marine sediments collected at a depth of 1,050 meters near the Iheya ridge, 130 kilometers offshore from Iheya Island, Japan.
Deep-sea shrimp in the dark depths of the Pacific Ocean. NOAA
One of its enzymes has been shown to enhance the conversion of farm waste into glucose by helping break down cellulose into easily degradable pulp. This is a crucial step for converting biomass into ethanol, a renewable biofuel.
Another enzyme extracted from a bacterium that exists under extremely high temperatures has been found to be highly efficient in completely removing lactose from milk.
Some organisms contribute to multiple inventions, like a deep-sea worm collected at a depth of 2,625 meters from a hydrothermal vent on the East Pacific Rise, about 600 km off the Mexican coast. The worm hosted a bacterium that produces a molecule that was used to develop a skin cream, as it helps make skin less susceptible to damage from the sun and pollution. The unusual ability of this bacterium to live at temperatures above 100°C also made it a model organism for overcoming overheating in small satellites in Earth’s orbit.
This is just a few examples among over 16,000 proteins derived from deep-sea species and used in technology, catalogued in this database.
The potential for innovation from deep-sea species has not been fully explored. As of 2024, only a quarter of the seabed has been mapped and most deep-sea species remain undiscovered.
The dangers of mining
But the essential role of deep-sea life in the functioning of Earth’s systems may be far greater than previously understood.
Researchers recently discovered an unusually high concentration of oxygen on the seafloor in the Pacific Ocean, referred to as “dark oxygen”. This oxygen may be being produced by electrolysis – when an electric current separates water into hydrogen and oxygen.
Where might an electrical charge be generated at the bottom of the ocean? Perhaps on the surfaces of polymetallic nodules, rock-like formations composed of lots of different metals which can create differences in electrical potential when interacting with seawater. The formation of these metals is influenced by the activity of microbes living on them, which in turn affects the chemical properties of the surrounding environment. The production of dark oxygen could be vital for the respiration of other species living in the ocean where there is no sunlight.
Unfortunately, deep-sea ecosystems are under threat from seabed mining for minerals. Polymetallic nodules are considered potential resources for manganese, nickel, and rare earth elements – materials used to make electronics and computers. The Clarion-Clipperton Zone, a Pacific region where dark oxygen was recently discovered, has already been divided into 16 mining claims.
Researchers and campaigners have warned that deep-sea mining could severely damage marine ecosystems and have highlighted the lack of scientific consensus on the long-term consequences of these operations. Once disturbed, the evolutionary history these ecosystems represent could be lost forever.
The International Seabed Authority oversees the management of mining activities in international waters. Although it has not yet authorised any commercial mining, it has faced criticism for allegedly dismissing environmental concerns. The recent election of the new ISA secretary-general, Leticia Carvalho, offers an opportunity to safeguard vital areas of the world’s oceans, crucial for both nature and human wellbeing.
We must rethink the true value of the deep sea and consider what losing it may mean for the rest of the world.
Don’t have time to read about climate change as much as you’d like?
Source: The Conversation – USA – By Aaron X. Smith, Assistant Professor of Africology and African American Studies, Temple University
‘A Radiant Light,’ by Philly-based Afrofuturist artist Mikel Elam, celebrates cultural roots and the infinite possibilities of the future. Mikel Elam, CC BY-NC-SA
From the creation of the Liberty Bell in the 1750s to the world-famous Philadelphia Sound soul music of the 1960s and ’70s, artistic innovation has long been a staple in Philly history. Today, the city’s thriving Afrofuturist scene is continuing this legacy.
“Afrofuturism” is a term coined in the 1990s by American cultural critic Mark Dery. Dery used the label to describe “speculative fiction that treats African American themes and addresses African American concerns in the context of 20th-century techno culture.”
“Call it the power of the subconscious or the predominance of soul culture gone cyber pop,” Womack writes, “but this dance through time travel that Afrofuturists lived for is as much about soul retrieval as it is about jettisoning into the far-off future.”
Here are five local Philly artists whose innovative aesthetics and ideas are contributing to the still-emerging field of Afrofuturistic art.
Rasheedah Phillips and Camae Ayewa
Rasheedah Phillips, an artist and housings rights attorney, and Camae Ayewa, a poet and musician who performs as Moor Mother, attended high school in Philadelphia and graduated from the Beasley School of Law at Temple University. In 2015 they founded the Black Quantum Futurism collective, which could be considered the artistic cornerstone of Afrofuturist art in Philadelphia.
Rasheedah Phillips’ latest book will be published in January 2025. AK Press
This collective hosts various events and creative projects. On their website, Phillips and Ayewa describe their movement as “a new approach to living and experiencing reality by way of the manipulation of space-time in order to see into possible futures.” They blend ideas and beliefs from quantum physics and Black and African cultural traditions of consciousness, time and space.
Although the Black Quantum Futurism website is less active than in previous years, Phillips and Ayewa continue to organize and participate in Afrofuturist events both in Philadelphia and around the world. Phillips has a new book, “Dismantling the Master’s Clock: On Race, Space, and Time,” set for release in early 2025.
Mikel Elam
Though he’s a New York transplant, figure painter and Afrofuturist visual artist Mikel Elam has become an asset to the Afrofuturist art scene in Philadelphia.
“I have a special interest in Africa (which is) considered by many anthropologists to be the origin of all life,” he explains. “In many ways, science, spirituality and art are essential to our cultural and mental development. They are more compatible than we might think.”
In his pieces, Elam often incorporates cultural masks he’s collected from his world travels, as well as shiny metal keys. His work on display at Philadelphia International Airport combines both. The keys are positioned to reflect the flow of people in transit – sometimes they move in harmony and other times in opposite directions. Unapologetically optimistic, Elam also surrounds the heads with keys to suggest halos or auras.
‘Bliss Consciousness’ by Mikel Elam depicts the artist’s meditation practice and belief that the keys to universal connection come from within. Mikel Elam, CC BY-NC-SA
Serena Saunders
Serena Saunders is a mural artist, Philly native and owner and operator of Passion Art Designs LLC. She transforms walls throughout Philly and beyond into futuristic visions of hope, struggle, Black joy and justice.
Her paintings emphasize the potential for a more peaceful and equitable future. Her “Camo” collection includes a painting that displays a map of Africa hovering over an ocean of streaming colors, including elements of the American flag. The continent appears to be dripping blood into the waters below.
A major component of the Afrofuturist arts movement involves reimagining existing symbols relating to Black culture and life. Saunders’ “Heart” collection incorporates elements of transhumanism – the belief that humans should use technology to enhance their minds and bodies – which are common in Afrofuturist art. Images of the precious blood-pumping organ are merged with pipes, a faucet head and even a grenade.
Avant-garde jazz musician Sun Ra is an Afrofuturist icon who lived in Philly for 25 years. Leni Sinclair via Getty Images
One of the greatest avant-garde jazz musicians of the 20th century, Sun Ra is also an Afrofuturist icon who once occupied a modest Philadelphia row home at 5626 Morton St. in Germantown.
Sun Ra led the Sun Ra Arkestra, a jazz group, from the late 1950s until his death in 1993 at age 79. With songs including “Love in Outer Space,” “Door of the Cosmos,” “Saturn” and “UFO,” Sun Ra kept intergalactic reimaginings of life and love at the forefront of his creative expression. From his lavish futuristic outfits to the astrological symbolism “Astro Black,” he remains a meaningful pioneer of Afrofuturist art.
In 2022, the house where he and bandmates lived and rehearsed was designated a historic landmark. Though not open to the public, it serves as a reminder of the creative, resilient spirit that often resides in humble and unassuming environments, and why we can think of Philadelphia, the city known for being the birthplace of the United States, also as the city of tomorrow.
Aaron X. Smith does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation – USA – By Giang Nguyen-Dien, Postdoctoral Fellow in American Culture Studies, Arts & Sciences at Washington University in St. Louis
Members of St. Paul’s Hmong community protest in 1998 after a local radio host said on air that Hmong immigrants needed to ‘assimilate or hit the goddamn road.’Bruce Bisping/Star Tribune via Getty Images
After Kamala Harris selected Minnesota Gov. Tim Walz as her running mate, much of the media coverage zeroed in on Walz’s Midwestern roots, with some pundits using the phrase “Minnesota nice” to describe his appeal.
In the popular imagination, Minnesota nice describes a culture of neighborliness and amicability that’s commonly seen as characteristic of the state. In policy terms, that might mean bigger investments in education, better public health, access to affordable housing and stronger worker rights – an extension of Walz’s achievements as Minnesota governor. Many Americans would probably like to see these values have primacy in the rest of the nation.
I think Minnesota nice, whether represented in policies or in being kind to neighbors, is a worthy ideal. But as someone who has studied the experiences of Vietnamese refugees in Minnesota, I’ve written about how the trope of Minnesota nice has a more complex history – especially when it comes to nonwhite people.
According to Atkins, Minnesota nice denotes “a polite friendliness, an aversion to confrontation, a tendency toward understatement … and emotional restraints.” These traits can be found in Scandinavian literature, film and art, as well as in 19th- and early 20th-century Lutheran values.
To ease those concerns, government officials instituted a dispersal policy to spread out Southeast Asian refugees to ensure they wouldn’t be concentrated in any one region, town or city. They implemented this policy to reduce social and economic impacts on local communities – and also compel Southeast Asian refugees to assimilate into American culture.
In Minnesota, while many newcomers were given a helping hand, many of them also experienced isolation and rejection.
From 1979 to 1999, about 15,000 Vietnamese refugees arrived in Minnesota. My research shows that media outlets often ran articles highlighting the goodwill and generosity of locals, whether they were helping these refugees learn English, acquire job training, find work or secure housing.
The Minneapolis Tribune reported in 1975 that the state was able to avoid any major public reactions against refugees because they posed “no major job threat,” since they were spread out across the state.
Even as locals seemed largely supportive, the dispersal policy wasn’t ideal for many refugees. Many of them ended up in remote areas of Minnesota, far from a familiar ethnic community that could provide much-needed psychological and emotional support. Those in isolated areas often lacked access to social services and English language programs.
For refugees, a more complicated view of Minnesota nice emerges, one that I think depends on being not too visible and not too much of a threat to the existing order. Many refugees were certainly grateful for the state and local support they received. But gratitude also became an “unspoken condition” for acceptance, as Iranian refugee Dina Nayeri reports in her book “The Ungrateful Refugee: What Immigrants Never Tell You.”
In Minnesota, locals could seem largely unsympathetic to the complicated struggles of refugees trying to settle in a strange, new land. Rather than complain, they ought to be happy for the “small blessings” they received, as one local St. Cloud resident wrote to the Minneapolis Tribune in 1975.
When there was a sudden influx of refugees into one area, some residents could become even less welcoming.
That’s what happened with the state’s Hmong refugees.
An ethnic group originally from China, the Hmong arrived in Southeast Asia during the mid-19th century. During the Vietnam War, the U.S. government recruited the Hmong to fight in the Secret War in Laos, where the U.S. had been covertly providing aid and military assistance to anti-communist forces. After the war, some Hmong fled, fearing persecution. Many of them ended up in Minnesota. In 1980, there were about 2,000 Hmong people in Minnesota. By the end of 1981, their numbers had grown to 8,000, raising some alarm.
“Some cynics say our problem is that we are too nice and have provided too many services,” a local resettlement official was quoted saying in a 1980 State Department report. In that same report, an official with a local charity suggested that Minnesota would soon be known as “Hmong-nesota.”
In 1985, the Minnesota Star Tribune published a special report, “Hmong in Minnesota: Lost in the Promised Land,” that explored how many Hmong refugees had become “targets of racial epithets, harassment and violence” in the Twin Cities. The article noted that the Hmong came to realize that most Americans had never heard of them or their roles in the secret war in Laos. Instead, they often found themselves “resented, misunderstood and victimized by their neighbors.”
To me, the anxiety over “Hmong-nesota” recalled the history of “yellow peril” – the imagined threat of Asian invasion and cultural disruptions that first emerged in the 19th century and shaped many U.S. immigration policies.
Benevolence and violence
My own research explores how feel-good tropes that are prominent in the U.S., such as Minnesota nice, usually mask a more complicated story.
The U.S. government has often used the language of goodwill as a cover for violence – a phenomenon I call “bene/violence.”
For example, the U.S. occupation of the Philippines, which began in 1899, was sugarcoated in the rhetoric of benevolence. William McKinley, who was U.S. president at the time, insisted that “the strong arm of authority” would promote “the blessings of good and stable government upon the people of the Philippine Islands under the free flag of the United States.” The story of conquest became the story of “uplifting” those deemed less civilized and incapable of self-governance.
The same sort of talk was also used to justify U.S. military intervention in Vietnam. President Lyndon B. Johnson’s State of the Union address on Jan. 4, 1965, implored Americans to secure the “peace of Asia” and “the progress of humanity.” The government promoted the war in Vietnam as a just war, in part by claiming Americans were granting the Vietnamese the “gift of freedom,” as Asian American studies scholar Mimi Nguyen has written.
In the end, Minnesota nice signals that there’s something special about the state, just as “spreading democracy” and “protecting freedom” signal American exceptionalism on the international stage.
But the 2020 murder of George Floyd in Minneapolis illuminated what economist Samuel L. Myers calls the “Minnesota Paradox” – a history of inequality that is totally divorced from the way niceness operates in the cultural imagination of the state’s residents.
“African Americans are worse off in Minnesota than they are in virtually every other state in the nation,” Myers writes.
In a 2021 essay, sociologist Amy August also highlighted the state’s persistent racial disparities in housing, health care, income and education to argue that whatever progressive promises the state makes, Minnesota is not apart from America but rather a part of America.
Ultimately, I think the concept of Minnesota nice can create the illusion of a utopian society largely devoid of the ills of racism and inequality. It reinforces American kindness as a core aspect of national identity and, in doing so, I believe glosses over parts of the country’s history – while hampering its ability to address the very real problems that plague the nation today.
I don’t reject what Minnesota nice purports to offer. But it is not a simple and straightforward cultural value adopted by – and equally applied to – everyone.
Giang Nguyen-Dien does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
As the presidential election approaches, the race is ramping up – including on social media. Although Meta reported in 2022 that only about 3% of the content on Facebook is political, Americans have already begun bracing themselves for a deluge of political news stories, ads, AI deepfakes and arguments on their feeds over the next few weeks.
Despite the tensions building on users’ digital feeds, an impending election doesn’t mean that people need to avoid social media altogether. When used wisely, social media can still be an important source for political information and an outlet to express opinions. I’ve studied how people navigate social media during elections, and I want to share three strategies to help you prepare your accounts for this election season so you can stay connected to what’s important without drowning in partisan back-and-forth.
1. Audit your feeds
While elections can be stressful, they also offer a chance to take ownership of the content that you consume online – or, as digital culture scholar Jessa Lingel says, “be your own algorithm.” Take the time to audit your social media ecosystem before November by considering the accounts that you follow and the settings that you have in place.
Social media platforms and their algorithms have inspired widespread concerns about their role in political polarization, because they enable people to isolate themselves in echo chambers that reinforce their own views. People with different political views can end up with substantially different material on their social media feeds.
While research suggests that echo chamber experiences are generally limited to highly partisan people, it is worthwhile to take a critical look at your feeds. Consider diversifying the content you see on social media, including following people whose life experiences differ from your own.
On the other side of the coin, take a breather before unfollowing people you disagree with during tense moments. While encountering political dissent online can be uncomfortable, studies demonstrate that deliberately blocking it out can contribute to polarization.
Platforms are taking steps behind the scenes, however, to limit users’ exposure to political content. For example, Meta recently implemented features that limit the amount of political content that users see on Facebook, Instagram and Threads. Since earlier this year, the setting has been turned on by default. Now is a great time to double-check that your accounts’ settings reflect the content and ad personalization preferences that work best for you. If you want, you can turn the political content back on using the “content preferences” settings available through Facebook and Instagram.
2. Stay skeptical and practice stepping away
Misinformation on social media remains a constant concern during elections. This year, AI-generated images pose a particular misinformation threat, especially when they’re shared by the presidential candidates themselves.
The News Literacy Project has established a 2024 election misinformation dashboard that has already compiled over 600 examples of inaccurate viral content related to this election, which include items such as misleading memes, altered photos and videos, and out-of-context quotes.
It’s not enough to hope the platforms’ systems protect users. You should approach information about the election with a skeptical eye, especially when it sparks an emotional response from you.
One study found that people who had stronger emotional reactions to fake news headlines expressed greater intentions to comment, share or like items than those who were not emotionally moved to respond. Pay attention to your emotional reactions to the headlines and images you encounter on social media, and take time to step away, process and fact-check information using sources you know are reliable before sharing.
Especially during elections, ideals of “good citizenship” put pressure on people to stay informed about the latest political news. Social media can provide endless election updates, but just because the information is widely available doesn’t mean you need to engage with it all the time. It’s possible to stay informed while also staying in touch with the enjoyable aspects of social media, even when the election rises to the top of everyone’s minds.
Different platforms can serve different political functions, which could include helping you to set boundaries around political information. Just as you might choose to take a break from intense circumstances by taking a walk or calling a friend, you can also designate some social media spaces primarily for decompressing, while still engaging with political information on others.
This might mean joining a new platform or creating an alternative account on a platform that you already use. While people tend to turn to X, Reddit, TikTok and Facebook for politics, you can choose to curate some accounts with less focus on political content for times when you need an escape.
Regardless of how you choose to prepare your social media feeds for the election, keep in mind that feelings of stress around election time are normal. Many aspects of elections can feel out of control, but taking control of your social media feeds allows you to manage your political information diet for the better.
Chelsea Butkowski does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation – USA – By Todd Allen, Professor of Nuclear Engineering & Radiological Sciences, University of Michigan
Steam billows from two cooling towers serving Unit 1 of the Three Mile Island nuclear plant in 2005.AP Photo/Carolyn Kaster
Constellation, an energy company that provides electricity and natural gas to customers in 16 states and Washington, announced on Sept. 20, 2024, that it plans to restore and restart Unit 1 at Three Mile Island, a nuclear plant near Middletown, Pennsylvania, that was shut down in 2019. Microsoft has signed a 20-year agreement to purchase electricity generated by the plant to offset power demand from its data centers in the mid-Atlantic region.
Three Mile Island was the site in 1979 of a partial meltdown at the plant’s Unit 2 reactor. The Nuclear Regulatory Commission calls this event “the most serious accident in U.S. commercial nuclear power plant operating history,” although only small amounts of radiation were released, and no health effects on plant workers or the public were detected. Unit 1 was not affected by the accident. University of Michigan nuclear engineering professor Todd Allen explains what restarting Unit 1 will involve, and why some other shuttered nuclear plants may also get new leases on life.
What is the history of TMI-1?
Three Mile Island Unit 1 is a large nuclear power station with the capacity to generate 837 megawatts of electricity – enough to power about 800,000 homes. It started commercial operations in 1974 and ran until September 2019.
After the accident at Unit 2 in 1979, Unit 1 was shut down for six years, until the operator at the time, Metropolitan Edison, demonstrated to the Nuclear Regulatory Commission that it could operate the reactor safely.
Constellation closed Unit 1 down in 2019, even though the plant’s operating license had been extended through 2034 and it had no operational or safety problems. TMI-1 could not compete economically at that point with natural gas-fueled power plants because gas had become extremely cheap.
The 1979 accident at Three Mile Island had broad, lasting effects on nuclear power regulation.
What is the reactor’s current condition?
Since the shutdown in 2019, the plant has sat idle. The NRC calls this status safe storage, or SAFSTOR. The plant is shut down, uranium fuel is removed from the reactor, and the facility is maintained in a safe, stable condition. Irradiated fuel is stored in large steel and concrete casks on a physically secured portion of the site, known as an Independent Spent Fuel Storage Installation.
In addition to the fuel, other materials in the plant are radioactive, such as structural channels that direct the cooling water during operation and the large vessel in which the reactor is housed. Radioactive decay occurs during the SAFSTOR period, reducing the plant’s radioactivity and making it easier to dismantle the plant later.
The United States does not have a licensed long-term disposal site for spent nuclear fuel, so it is stored in large dry casks on-site at operating and closed reactors. U.S. Nuclear Regulatory Commission, CC BY
What will Constellation need to do to prepare the reactor to restart?
Constellation will need to ensure that it has enough fuel and sufficiently trained personnel. It also will have to ensure that the reactor’s components are still in a condition that allows for safe operation.
This will require detailed inspections and mandatory maintenance actions to ensure that all components are running correctly. In some cases, the company may need to install new equipment.
The exact work will depend on the results of inspections but could include upgrading or replacing the reactor’s major components, such as the turbine and associated electricity generator; large transformers that move the electricity from the reactor out to the grid; equipment used to cool the reactor during operation; and systems for controlling the plant during startup, shutdown and power generation.
As an analogy, imagine that you move to a city and stop driving your car for five years. When you decide to resume driving, you’d need to ensure you have gas, that your driver’s license is still valid and that all of the car’s components still operate correctly. It would probably need new oil, air in the tires, new filters and other replacement parts to run well.
What will the NRC consider as it decides whether to relicense the reactor?
The agency needs to independently confirm Constellation has enough fuel and trained personnel, and that the plant can run safely. These checks must be approved by the commission before the plant can operate.
In my view, Constellation will need to show that the plant is in a condition to operate at the same levels of safety that existed there in September 2019 when the company terminated operations.
Do you expect other utilities to try this type of restoration at closed reactors?
Constellation is not the only utility considering restarting a nuclear plant. Holtec International, an energy technology company, bought the closed Palisades nuclear plant in southwest Michigan in 2022 with the intent to decommission it, but then the company decided to restore and reopen the plant.
That work is underway now. Recently, in its first major inspection at the plant, the NRC found a number of components that it said required more testing and repair work.
Wolverine Power Cooperative, a not-for-profit energy provider to rural communities across Michigan, plans to purchase electricity from the restored Palisades plant, with support from the U.S. Department of Agriculture’s Empowering Rural America program. Holtec is receiving support for restoring Palisades from the U.S. Department of Energy and the state of Michigan.