DUBAI, United Arab Emirates, September 3, 2024/
Ministers and heads of digital technology agencies today endorsed the Astana Ministerial Declaration on Digital Inclusion and Transformation in Asia and the Pacific at the close of a high-level conference organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of Kazakhstan.
(ref. https://www.unescap.org/sites/default/d8files/event-documents/2400314E.pdf )
Among others, the groundbreaking Declaration underscores the critical need to bridge the digital divide, strengthen digital connectivity, address and enhance digital trust, and promote inclusive and sustainable digital economies and societies leaving no one behind.
“The Declaration is an important milestone that reaffirms the necessity of strengthening regional policy-making so that we increase momentum in identifying digital solutions and scaling up to bridge the digital divide,” said Armida Salsiah Alisjahbana, United Nations Under-Secretary-General and Executive Secretary of ESCAP.
While 96 per cent of the population in Asia and the Pacific live in areas covered by mobile broadband networks, it is estimated that only one-third productively use internet services. Up to 40 per cent lack basic digital skills.
Endorsing the Declaration, Governments recognized the pressing need to overcome the major impediments that developing countries face in engaging with and accessing new technologies such as an appropriate enabling environment, sufficient resources, connectivity infrastructure and investments.
They further emphasized the importance of enhancing secure and affordable access, and promoting digital literacy and education for all including youth, older persons, women, persons with disabilities, and remote and rural communities.
“We are proud of this unique opportunity to showcase Kazakhstan’s achievements in digital government to the global community. The adoption of this Declaration reflects our shared commitment to creating an inclusive digital future for all,” said H.E. Zhaslan Madiyev, Minister of Digital Development, Innovations and Aerospace Industry of Kazakhstan, who also served as Chair of the conference.
Ministers at the Asia-Pacific Ministerial Conference on Digital Inclusion and Transformation held on 3 – 4 September in Astana, welcomed further consideration of the proposal by the Government of Kazakhstan for a Digital Solutions Center for Sustainable Development. The proposed Centre is expected to strengthen coordination and cooperation among multiple stakeholders in the digital transformation process, as well as share practical digital solutions to advance the region’s sustainable development agenda.
Delegates also reviewed the progress of other regional initiatives on digital cooperation, notably the Action Plan for Implementing the Asia-Pacific Information Superhighway Initiative, 2022-2026.
On the sidelines, conference participants had the opportunity to explore a startup alley organized by Astana Hub, the largest technology park in Central Asia, where Kazakhstan’s top startups and major tech companies were showcased.
ESCAP and the Eurasian Development Bank (EDB) also signed a Memorandum of Understanding at the conference to enhance institutional cooperation on regional economic integration and the 2030 Agenda for Sustainable Development. Under the agreement, ESCAP and EDB will carry out joint research and publications, capacity building support to policymakers and analysts in North and Central Asia as well as develop databases and analytical tools for policymakers in Asia-Pacific developing countries.
For further information: https://www.unescap.org/events/2024/asia-pacific-ministerial-conference-digital-inclusion-and-transformation
Read opinion piece “A sustainable future within reach: The promise of digital transformation”: https://unescap.org/op-ed/sustainable-future-within-reach-promise-digital-transformation
Watch the proceedings:
SYDNEY – Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension Investment Board, for an implied enterprise value of over A$24 billion1. This represents Blackstone’s largest investment in the Asia Pacific region. The transaction is subject to approval from the Australian Foreign Investment Review Board.
AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.
Jon Gray, President and Chief Operating Officer of Blackstone, said: “This is Blackstone at its best – leveraging our global platform to capitalize on our highest conviction theme. AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.”
Sean Klimczak, Global Head of Blackstone Infrastructure and Nadeem Meghji, Global Co-Head of Blackstone Real Estate, said: “Digital infrastructure is experiencing unprecedented demand driven by the AI revolution as well as the broader digitization of the economy. Prior to AirTrunk, Blackstone’s portfolio consisted of US$55 billion of data centers including facilities under construction, along with over US$70 billion in prospective pipeline development. We look forward to partnering with the outstanding AirTrunk management team to further accelerate its growth.”
Robin Khuda, Founder and Chief Executive Officer of AirTrunk, said: “This transaction evidences the strength of the AirTrunk platform in a strong performing sector as we capture the next wave of growth from cloud services and AI and support the energy transition in Asia Pacific. We look forward to working with Blackstone and CPP Investments and benefitting from their scale capital, sector expertise and valuable network across the various local markets, which will help support the continued expansion of AirTrunk.”
It is expected that there will be approximately US$1 trillion of capital expenditures in the United States over the next five years to build and facilitate new data centers, with another US$1 trillion of capital expenditures outside the United States. Blackstone is capitalizing on this movement as a leading investor globally in data centers. Blackstone has invested in both the debt and equity of other data center companies, including as owner of QTS, the fastest growing data center company in the world, Coreweave and Digital Realty. Blackstone is also focused on addressing the sector’s power needs in many differentiated ways, including as an investor in power and utility companies, such as Invenergy, the largest independent renewables developer in the United States.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than US$1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
1 Including capital expenditure for committed projects
Chinese authorities must end their persecution of the citizen journalist Zhang Zhan, Amnesty International said after the activist was re-detained less than four months after being freed from prison.
Zhang Zhan, who is being held at the Pudong New District Detention Centre in Shanghai, appears to have been targeted because she has continued to advocate for human rights since her release from jail on 13 May.
“The depressingly predictable re-detention of Zhang Zhan is the culmination of the government’s ongoing campaign of harassment against her, even after she was ‘freed’ from prison. Since being released, Zhang has been subjected to surveillance that has intensified over the past month,” Amnesty International’s China Director, Sarah Brooks, said.
“This latest detention underscores the Chinese authorities’ intractable intolerance of dissent and of Zhang Zhan herself, who despite being unjustly jailed has continued to raise her voice in solidarity with other human rights activists since being released. She has been re-detained because she refused to be silenced.”
Following her release in May, Zhang Zhan expressed concern that her online speech was being monitored by authorities.
According to information received by Amnesty International, she was regularly and repeatedly taken in for police questioning over the past month, with some interrogations lasting over 10 hours.
In late August, it was reported that she traveled from Shanghai to the northwestern province of Gansu to show solidarity with other human rights defenders. Shortly thereafter, during a visit to her hometown in Shaanxi, she suddenly became unreachable; civil society reported that she had been taken into custody by police from Shanghai, well over 1000km away.
“On 2 September, Zhang Zhan marked her 41st birthday – her first since being released. Yet instead of celebrating this hard-won reunion with her family, she has spent her fifth successive birthday deprived of liberty,” Sarah Brooks said.
“We urge the Chinese authorities to immediately and unconditionally release Zhang Zhan and ensure that she is granted full freedom and protection from any form of surveillance or harassment.”
Background
Zhang Zhan is a Chinese citizen journalist was who jailed for reporting on the early days of the Covid-19 pandemic in Wuhan.
A former lawyer, she travelled to Wuhan in February 2020 to provide on-the-ground information about what was happening there. She posted on social media about how government officials had detained independent reporters and harassed families of Covid-19 patients.
She went missing in Wuhan in May 2020. It later emerged that she had been taken by the Chinese authorities and detained in Shanghai, where she was convicted of “picking quarrels and provoking trouble” after a sham trial.
On 13 May of this year, after completing a four-year prison sentence, Zhang Zhan was released. However, since her release, she has been subjected to strict surveillance and continuous harassment by the authorities.
CommBank launches additional features and support as small to medium business owners face continued economic challenges.
New research commissioned by CommBank has shown more than half of Australian small and medium-sized businesses (SMEs) are feeling the stress of navigating the cost-of-living crisis, with 52 per cent of business owners and senior managers reporting their mental health had been impacted in the last 12 months by the economic climate.
The research revealed nearly two thirds (65 per cent) of surveyed businesses had to deal with unexpected expenses over the past year, totalling $7.3 billion in costs they didn’t see coming.
The most common areas of unexpected expenses were equipment repairs and replacements (48 per cent), higher supplier costs (33 per cent) and increased utilities costs (32 per cent). On average, small to medium businesses have had to pay around $4,300 in unexpected expenses.
CBA’s Executive General Manager Small Business Banking, Rebecca Warren, said Australian small businesses were showing incredible resilience in the face of tough economic conditions.
“Running a small business is hard yakka and right now, it’s tough. Rising costs of doing business and unexpected expenses can have a big impact when money is already tight.
“Our priority is to ensure those who need support understand what measures are available such as business overdrafts, invoice financing or flexible repayment plans.
“We have been reaching out proactively to hundreds of thousands of our small business customers to check in on them, to make sure they are receiving the support they need, and that they are aware of some our tools that can help them to run their business.
“We offer free comprehensive cash flow tracking capabilities via a Business Cash Flow tool in the CommBank app, which offers monthly summaries of incoming and outgoing cash flow, month-by-month breakdowns and real-time transaction history to help small businesses easily track their finances. We also have an app feature called Bill Sense that predicts future bills to help customers and a free business insights tool called Daily IQ.
“From next week, we’re launching a partnership with Smiling Mind, a not-for-profit mental health organisation focused on building mental fitness skills, to provide small business owners with access to mental wellbeing programs, tools and preventative strategies in maintaining their mental health.”
This Smiling Mind mental fitness program is specifically designed to promote mental wellbeing with a focus on businesses. It will be available in the Smiling Mind app from next month and will be accessible by anyone.
Smiling Mind’s CEO, Sarah La Roche, said: “Amid the additional challenges of economic uncertainty and declining mental health, Smiling Mind is proud to partner with CommBank to provide Australian business owners, leaders and employees with practical support, freely accessible within the Smiling Mind app to promote mental fitness at work. These resources will be available anytime, anywhere, with no barriers to access.”
With more than half of business owners and senior managers reporting their mental health had been impacted in the last 12 months by the economic climate, Ms Warren said CommBank recognised the scale of the impact.
“Small business owners are extremely time-poor, they have multiple plates spinning at any given time, which makes prioritising their own mental health and well-being more challenging.”
CBA has a range of products, services and assistance measures designed to back small businesses and help them through the challenging economic conditions. For more information, please visit: commbank.com.au/smallbusiness
CBA also offers the Cyber Wardens program, in partnership with the Council of Small Business of Australia (COSBOA) and Telstra, to help small businesses build resilience and upskill in cyber safety.
About YouGov research
All figures, unless otherwise stated, are from YouGov. Total sample size was 510 adults. Fieldwork was undertaken between 1 – 7 August 2024. The survey was carried out online. The figures have been weighted and are representative of all Australian small and medium business owners and decision makers (aged 18+).
About Smiling Mind
Smiling Mind has been at the forefront of mental wellbeing innovation for over 12 years, helping minds thrive with evidence-based tools and resources. Smiling Mind are proud to have impacted the lives of millions of people globally. Their mission is Lifelong Mental Fitness. They aim to create generational change in mental health, providing proactive tools and programs that help every mind thrive.
About the Partnership
Smiling Mind’s partnership with CommBank will deliver a campaign specifically targeted at Australian small business owners, leaders and employees. They will be able to freely access a new collection in the Smiling Mind App, designed specifically to build mental fitness and support people to thrive at work. This proactive resource, available 24/7, provides practical support and guided strategies to promote mental fitness and navigate challenges.
The most cybersecurity-aware country this year is Singapore.
People ages 30-54 have the best cybersecurity skills.
Only 6% of people globally know what privacy issues to consider when using AI for work.
The world’s online privacy and cybersecurity awareness continues to decline, according to new research by the cybersecurity company NordVPN. Based on 31 analyzed markets with the highest numbers of responses, people globally knew best how to create strong passwords (96%), and they were worst with questions related to privacy issues that go hand in hand with AI usage for work (52%).
The annual National Privacy Test (NPT) is a global survey aimed to evaluate people’s cybersecurity, online privacy awareness, and educate the general public about cyber threats and the importance of data and information security in the digital age. It gathered 25,567 responses from 181 countries this year.
“As the digital threat landscape evolves faster than ever, it is important that internet users understand the significance of safeguarding their personal information. The National Privacy Test takes the responsibility to educate people globally about cyber threats and equip them with essential tips to protect against fraud, data harvesting, surveillance, and other online dangers,” says Marijus Briedis, chief technology officer (CTO) at NordVPN.
These countries rank in the top three for internet privacy and cybersecurity awareness:
Singapore (62/100)
Finland and Lithuania (61/100)
Germany and the United States (60/100)
Compared to 2023, less people understand the security benefits of updating apps
The results of the test showed that people globally are also good at dealing with suspicious streaming service offers (95%), and they know which permissions to grant to different apps (91%).
On the other hand, people globally also did not know what data ISPs collect as part of the metadata (13%), or how to secure their home Wi-Fi network (16%), most likely considering it safe by default.
Among all respondents, 1% are Cyber Wanderers (barely know anything about internet privacy and cybersecurity), while the biggest proportion (66%) scored 50-74 points and were identified as Cyber Adventurers.
Compared to 2023, less people understand the security benefits of updating apps as soon as the update is available. While in 2023, 69% said they update an app as soon as an update is available, this year, it’s 56%.
Steps to increase online security and privacy
Marijus Briedis from NordVPN shares a series of steps people can take to enhance their online privacy and security:
Create unique and strong passwords. Use unique and robust passwords for each of your online accounts.
Enable multi-factor authentication (MFA). Strengthen your account security by enabling multi-factor authentication.
Keep your software up to date. Regularly update your software, operating systems, and applications.
Use a virtual private network (VPN). Always use a VPN to encrypt your internet connection, safeguarding your personal information from potential eavesdroppers.
Review privacy settings. Regularly review and adjust privacy settings on social media platforms, mobile apps, and other online services.
Methodology can be found here: https://nordvpn.com/blog/national-privacy-test-us-2024/
ABOUT NORDVPN
NordVPN is the world’s most advanced VPN service provider, chosen by millions of internet users worldwide. The service offers features such as dedicated IP, Double VPN, and Onion Over VPN servers, which help to boost your online privacy with zero tracking. One of NordVPN’s key features is Threat Protection Pro, a tool that blocks malicious websites, trackers, and ads and scans downloads for malware. The latest creation of Nord Security, NordVPN’s parent company, is Saily — a global eSIM service. NordVPN is known for being user friendly and can offer some of the best prices on the market. This VPN provider has over 6,400 servers covering 111 countries worldwide. For more information, visit https://nordvpn.com.
Better understanding of how reefs degrade will help marine conservation work – Research into one of the most persistent coral predators on the Great Barrier Reef has revealed a troubling paradox in reef ecosystems: the crown-of-thorns starfish (COTS) appears to thrive in the very conditions of coral degradation it helps create.
This work, from Professor Maria Byrne at the University of Sydney and marine science researcher Dr Kennedy Wolfe, sheds light on the interactions between coral health and the population dynamics of COTS, offering critical insights for conservation efforts.
Professor Byrne from the School of Life and Environmental Sciences at the University of Sydney said: “This research reinforces our understanding that resilient species have the upper hand when adjusting to altered habitats. Unfortunately, in the case of the Great Barrier Reef, one of these resilient species – the crown-of-thorns starfish – is one of its most persistent coral predators.”
Negative feedback: how the degraded reef framework operates. Image: Wolfe and Byrne
Coral reefs, often referred to as the “rainforests of the sea”, are vital ecosystems that support a diverse array of marine life. However, these ecosystems are under severe threat from various stressors, including climate change, pollution and overfishing. Among the most significant challenges are outbreaks of COTS, which can decimate coral populations and lead to widespread reef degradation.
This study, published in the Marine Environmental Research journal, proposes a “degraded reef hypothesis”, to better understand how COTS remain so persistent, despite extensive efforts to manage their impact.
The degraded reef framework explains how the loss of live coral, which crown-of-thorns starfish feed off, paradoxically benefits juvenile COTS. As live coral diminishes, these starfish accumulate in rubble habitats, which serve as juvenile nurseries.
This accumulation of juveniles-in-waiting can promote a pulsed emergence of COTS as they transition into coral-eating adults when corals start to recover. This exacerbates the cycle of coral loss and reef degradation.
“Our previous research has shown that juvenile COTS can wait for just the right moment to emerge in large numbers; sometimes up to six years,” Professor Byrne said.
Professor Byrne and Dr Wolfe’s research emphasises that the very conditions that lead to coral degradation – such as heatwaves, cyclones and pollution – create favourable environments for COTS to thrive. This resilience poses a significant challenge for reef management and conservation strategies, as efforts to restore coral health may inadvertently support the proliferation of these destructive starfish.
“Our findings reveal a critical feedback loop in reef ecosystems,” said Dr Wolfe, who started his research career as a PhD student at the University of Sydney.
“COTS populations may thrive as coral reefs degrade, leading to further coral loss. This cycle not only threatens corals but also the range of species that depend on healthy reefs for survival,” he said.
Professor Byrne said: “This feedback loop explains repeated outbreaks on the Great Barrier Reef, despite exhaustive management through manual culling.”
These findings underscore the need for a multifaceted approach to coral reef conservation that addresses the root causes of degradation while also considering broad ecological dynamics at play.
Professor Byrne said: “Effective management strategies must account for the resilience of crown-of-thorns starfish and their ability to exploit degraded habitats. These coral predators are a symptom of ongoing environmental impact.”
By understanding the relationship between coral health and COTS populations, conservationists can develop targeted interventions that mitigate the impacts of these starfish. This may include habitat restoration efforts that focus on enhancing coral resilience, as well as strategies to manage nutrient runoff and sedimentation.
This latest study adds to the impressive work that Professor Byrne and her team have undertaken, which has improved our understanding of how the crown-of-thorns starfish is able to persist as a pest species on the Great Barrier Reef.
Port Vila, 6 September 2024: The eighth Asia-Pacific Parliamentarian Forum on Global Health concluded today, with parliamentarians from 13 countries in the Asia Pacific region emphasizing the need for a strengthened health workforce, which is essential for achieving health for all.
The Forum was held from 4 to 6 September 2024 in Port Vila and hosted by the Parliament of Vanuatu, with support from the Vanuatu Ministry of Health and the World Health Organization (WHO). The participants were speakers, members of national parliaments and ministers from Cambodia, Cook Islands, Niue, the Lao People’s Democratic Republic, Malaysia, the Philippines, the Republic of Korea, Samoa, Solomon Islands, Thailand, Tuvalu, Vanuatu and Viet Nam.
Health workforce for a resilient health system
The theme of the Forum was the health workforce. As the host, Honourable Simeon Davidson Seoule, Speaker of the National Parliament of Vanuatu, emphasized the crucial role of a strong health workforce in building a resilient health system: “A resilient health system depends on a well-functioning workforce that includes nurses, doctors, community health workers and specialists. To effectively support our communities and provide the care they need throughout their lives, we must ensure that our health workers are well-supported and equipped,” he said.
He reminded his fellow leaders that, “As parliamentarians, we have a critical role in shaping health policies and ensuring that our health systems are both well funded and well managed. This includes creating and enacting stronger laws and creating support systems that address the needs of our health workers, enabling them to deliver the best possible care to our communities.”
The meeting presented the latest evidence on health workforce in the region and enabled discussion on strengthening health workforce policy, in line with WHO’s Regional framework to shape a health workforce for the future of the Western Pacific. Participants exchanged country experiences on supporting health workforce policy through various system entry points, shared innovations addressing workforce issues, and forged connections with one another at global, regional, national and local levels.
Common challenges across the region
The parliamentarians also had the opportunity to conduct site visits to local health facilities, where they interacted with health workers and discussed the various challenges of providing care across different settings. These highlight the dedication and commitment of health workers and underscore the urgent need for better support and resources for them, especially for those working in rural and underserved areas – issues shared across the Asia Pacific region. A common challenge across all health systems is the need for a robust workforce, without which there can be no functioning health system.
Addressing the challenges faced by Pacific island countries, Minister of Health of Vanuatu, Honourable John Still Tariqetu, said: “Ensuring that everyone in the Pacific has access to quality health services requires bold, new approaches to building and maintaining a well-trained health workforce. In Vanuatu, we are committed to implementing forward-thinking strategies to ensure we have the skilled workforce we need, so that our communities can receive the care they deserve.”
Highlighting the importance of having a well-supported health workforce, Dr Saia Ma’u Piukala, WHO Regional Director for the Western Pacific, reiterated: “The success of our health systems relies on having a workforce that is well prepared and supported. It is vital for parliaments to use their functions to advance health workforce development to ensure that our health systems can meet the needs of all people in the region.”
Notes
The Asia Pacific Parliamentarian Forum on Global Health is a platform for parliamentarians to exchange ideas, build political will, strengthen capacity and foster collaboration towards sustainable health action. This was the seventh meeting of the Forum, which was themed “Health Workforce”.
Target 3c of the Sustainable Development Goals urges countries to substantially increase health financing and enhance efforts in recruiting, developing, training and retaining the health workforce, particularly in developing countries, least developed countries and small island developing states. Currently, eight countries from the Western Pacific Region (Kiribati, the Lao People’s Democratic Republic, the Federated States of Micronesia, Papua New Guinea, Samoa, Solomon Islands, Tuvalu and Vanuatu) are listed in the WHO Health Workforce Support and Safeguards List 2023. These countries face a low service coverage index (below 55) and have fewer health workforce than the global median of 49 doctors, nurses and midwives per 10 000 people. As such, these countries require prioritized support for health workforce development and health system strengthening, including measures to manage international recruitment effectively.
Parliamentarians participating in the eighth Asia-Pacific Parliamentarian Forum on Global Health in Vanuatu this week: Hon. Mrs LORK Kheng, Cambodia; H.E. Ms MOM Sandap, Cambodia; Hon. Ms Te-Hani Rose Alexandra BROWN, Cook Islands; Hon. Dr Jiho CHA, Republic of Korea; Hon. Mr Bounelome KEOBOUAHOME, Lao People’s Democratic Republic; Hon. Mr Vongphet OUDOMLITH, Lao People’s Democratic Republic; Hon. Mr Suhaizan bin KAIAT, Malaysia; Hon. Mr Logopati SEUMANU, Niue; Hon. Mrs Florence Maureen VILITAMA, Niue; Hon. Mr Ciriaco B. GATO, Jr., the Philippines; Hon. Mr Foisala Lilo Tuu IOANE, Samoa; Hon. Mr Aiono Tile GAFA, Samoa; Hon. Dr Paul Popora BOSAWAI, Solomon Islands; Hon. Mr Morris TOIRAENA, Solomon Islands; Hon. Mr Tosaporn SERERAK, Thailand; Hon. Mr Iakoba Taeia ITALELI, Tuvalu; Hon. Mr Tuafafa LATASI, Tuvalu; Hon. Mr Seoule Davidson SIMEON, Vanuatu; Hon. Mr Alick TERRY, Vanuatu; Hon. Mr Blaise SUMPTOH, Vanuatu; Hon. Ms Julia Gloria KING, Vanuatu; Hon. Mr Marc MWELSUL, Vanuatu; Hon. Mr Silas BULE, Vanuatu; Hon. Mr Ulrich SUMPTOH, Vanuatu; Hon. Ms NGUYEN Thi Thu Dung, Viet Nam; Hon. Mr LE Van Kham, Viet Nam.
Government has one year left to deliver alternative legal framework for same-sex couples
Same-sex couples in Hong Kong currently denied numerous rights enjoyed by heterosexual couples
One year after a landmark ruling on LGBTI rights in Hong Kong, authorities should provide a progress update on their plans to recognize same-sex partnerships in the city, Amnesty International said today.
On 5 September 2023, Hong Kong’s Court of Final Appeal ruled that the government had a constitutional duty to provide an alternative legal framework for same-sex partnerships to be recognized, setting a two-year deadline for its establishment.
While the decision fell short of requiring marriage equality, it did establish a new benchmark for improving rights and recognition irrespective of sexual orientation.
“One year since this memorable legal victory for LGBTI people in Hong Kong, we urge the government to provide an update on its plans to act on the Court’s judgment. The government has one year left to comply with the decision, but in the meantime equality is being denied on a daily basis,” Amnesty International’s China Director Sarah Brooks said.
“The government must heed their own courts’ call to ensure same-sex relationships in Hong Kong are recognized equally – and on the same basis and with the same rights and protections – as those of opposite-sex couples.”
Hong Kong law does not currently recognize same-sex relationships, with same-sex couples not allowed to marry or enter into any form of registered civil partnership.
Same sex couples are therefore prevented from enjoying the rights held by opposite-sex couples (with some exceptions if they married overseas*). Examples can be found in almost every aspect of life.
Currently, individuals in same-sex relationships:
Cannot jointly adopt children
Cannot access assisted reproductive technologies
Cannot inherit their deceased partner’s estate without a will*
Cannot apply for public housing as an “ordinary family”*
Cannot enjoy the potential benefits of filing income taxes jointly*
Cannot extend medical benefits to their same-sex partner if they are employed by the government*
Cannot object to the removal of their deceased partner’s organs for medical research or education
Cannot receive immediate notification if their partner dies in prison
Are not protected against less favourable treatment by their employer as a result of caring for a terminally ill partner.
“The absence of a legal framework for same-sex partnerships in Hong Kong means couples face structural discrimination. It is time for the Hong Kong government to provide a transparent update on progress on this framework, including how much of it has been drafted, how they are consulting LGBTI people, and when it will be submitted to the city’s Legislative Council for discussion,” Sarah Brooks said.
“Time is ticking. This one-year anniversary should be the impetus for accelerating the government’s work to comply with the Court’s ruling; to review and overhaul laws, policies and practices that discriminate based on sexual orientation, gender identity and intersex status, and to uphold its rights obligations to all, however they identify and whomever they love.”
Background
On 5 September 2023, Hong Kong’s Court of Final Appeal handed a partial victory to Lesbian, Gay, Bisexual, Transgender and Intersex (LGBTI) activist Jimmy Sham. The Court set a two-year timeline for the government to provide an alternative framework for same-sex partnerships, meaning the process must be complete by 5 September 2025.
Sham, who married his partner in the USA in 2013, began his campaign for Hong Kong to recognize same-sex marriages performed overseas in 2018, arguing that the current laws in place are unconstitutional.
Currently, Hong Kong only legally recognizes “marriage” as being between a man and a woman and does not recognize same-sex marriage or civil partnership or any other form of legal union.
The authorities have not taken sufficient steps to combat discrimination against LGBTI persons more broadly, despite a clear recommendation arising from the 2022 review of Hong Kong by the UN’s Human Rights Committee, tasked with monitoring the government’s implementation of obligations under the International Covenant on Civil and Political Rights.
However, in recent years, the Court of Final Appeal and lower courts in Hong Kong have held the blanket denial of partnership rights for same-sex couples to be discriminatory, opening the door to limited progress such as accepting the right of some same-sex couples to spousal dependant visas, employment benefits, joint tax assessment and public housing.
Amnesty International opposes discrimination in civil marriage laws on the basis of sexual orientation or gender identity and calls on states to recognise families of choice, across borders, where necessary.
The Global Barometers record a decline, but overall they are still in line with the tendency towards relative stability observed over the course of this year. The decline brings the Leading Barometer closer to the neutral level of 100 points, while the Coincident Barometer is moving away from this band.
The Coincident Global Economic Barometer decreases 2.3 points in September, to 91.5 points, its lowest level since November 2023 (90.5 pts), while the Leading Barometer loses 2.6 points, to reach 100.6 points. The fall in the Coincident Barometer was entirely driven by the result of the Asia, Pacific & Africa region, whereas the result of the Leading Barometer was driven by the three surveyed regions.
“Although both global indicators show a decline this month, it can still be said that both have generally been relatively flat for more than a year. The leading indicator remains in much better shape than the coincident indicator, suggesting that hopes for an improvement in the subdued situation remain alive. Only the Asia-Pacific and Africa regions continue to deteriorate slowly, while Europe and the Western Hemisphere largely offset this development”, evaluates Jan-Egbert Sturm, Director of KOF Swiss Economic Institute.
Coincident Barometer – regions and sectors
The fall in the Coincident Barometer in September is the result of the 2.5-point negative contribution of the Asia, Pacific & Africa region, while the contributions from Europe and the Western Hemisphere were barely noticeably positive with 0.1 points each. With this result, the indicator for the Asia, Pacific & Africa region moves further away from the other regions and reinforces the slowdown in the region in 2024. While the Asia, Pacific & Africa region records accumulated losses of 6.0 points for the year, Europe and the Western Hemisphere accumulate gains of 6.4 and 4.5 points, respectively.
The development of the Coincident sector indicators in September is varied, with some sectors showing positive results and others negative tendencies. Industry, Economy (aggregated business and consumer evaluations), and Construction decrease this month, while Services and Trade move in the opposite direction.
Leading Barometer – regions and sectors
The Leading Global Barometer leads the world economic growth rate cycle by three to six months on average. In September, all the regions contribute negatively to the aggregate result with -1.0, -0.9, and -0.7 points for the Western Hemisphere, the Asia, Pacific & Africa region, and Europe, respectively. The lukewarm result since the second quarter of the year is spread across the three regions, and its continuity also signals weak growth in world economic activity for the second semester of 2024.
In September, all the Leading sector indicators decrease, with the exception of Trade, which gains 2.9 points and remains at the highest level among the sectors.
MSF is urging immediate action after screening results reveal a catastrophic malnutrition crisis across Northwest Nigeria.
Abuja,10 September 2024: One out of every four children under the age of five is malnourished in the Shinkafi and Zurmi areas of Nigeria’s Zamfara state, according to a mass screening conducted in June by Médecins Sans Frontières/Doctors Without Borders (MSF) and the Ministry of Health.
These concerning figures far exceed the ‘critical level’ threshold established by the World Health Organization (WHO) regarding malnutrition prevalence. MSF urges health authorities, international organisations, and donors to immediately intensify their efforts to tackle the escalating malnutrition crisis in Zamfara state, as well as whole of Northwest Nigeria – a region not yet included in the United Nations Humanitarian Response Plan.
The mass screening held in June in the Shinkafi and Zurmi areas further revealed that about 22 per cent of children screened are moderately malnourished. Currently, the nutritional supplies essential to treat such children, also known as ready-to-use therapeutic food (RUTF), are unavailable, as UNICEF halted its supplies at the start of the year. This current lack of humanitarian response to treat those who are moderately malnourished in Northwest Nigeria risks the lives of these children who, without immediate care, will progress to severe acute malnutrition that threatens their survival and compromises their long-term health.
“The screening results from Shinkafi and Zurmi are nothing short of alarming, revealing a catastrophic malnutrition crisis across Northwest Nigeria,” declares Abdullahi Mohammad, an MSF representative in Nigeria. “The response to this overwhelming disaster is grossly insufficient. With malnutrition rates soaring beyond critical levels and no immediate treatment available for moderate acute malnutrition apart from at MSF facilities, we’re effectively letting more children fall into life-threatening conditions. It is crucial we ensure every child receives the medical care they desperately need.”
MSF currently runs four inpatient and 17 outpatient facilities in Shinkafi, Zurmi, Gummi and Talata Mafara in Zamfara – a state badly affected by malnutrition. Across all four inpatient facilities, MSF teams have treated over 7,000 children from January to July 2024. These figures for admissions are 34 per cent higher than for the same period in 2023. In Shinkafi and Zurmi, where MSF conducted the recent malnutrition screening, the increase in admissions is 50 per cent more than the same period last year. At the medical facility in Gummi, admissions in July 2024 were almost double compared to the same month last year.
Alongside the significant increase in malnutrition admissions, MSF teams are seeing high numbers of children with vaccine preventable diseases such as measles. In Zamfara, they have treated at least 5,700 measles cases so far this year. Infectious diseases like measles, malaria, and acute watery diarrhoea, severely compromise the nutritional status of children. In turn, malnutrition makes them far more susceptible to these illnesses, with a higher risk of death.
“When I first brought my son into the hospital, I didn’t know if he would survive,” says Hafsat Lawal, a mother whose child is being treated for malnutrition at an MSF facility in Zamfara. “Back at home because of the insecurity we don’t have food. The prices of food have more than doubled. If we had money, we would have bought some grains, but we cannot.”
Communities are facing high levels of violence in Zamfara and have told MSF teams that they are scared to move around the state, taking huge risks to reach functioning healthcare facilities. It is estimated by the health authorities that as of 2023, only about 200 out of 700 healthcare centres in Zamfara are accessible, and the rest are non-functional. One of the reasons being that healthcare workers struggle to reach them.
Despite the ongoing humanitarian crisis and facing high levels of insecurity, communities in the Northwest have long been excluded from coordinated humanitarian response. It is essential that health authorities in this area, alongside international organisations and donors, urgently scale up their response. Immediate expansion of health facilities is needed to treat malnourished children to ensure that more hospitals can offer the type of inpatient care desperately needed to save lives. Moreover, UNICEF, as the primary supplier of RUTF, must ensure the consistent and sufficient delivery of these essential therapeutic foods to prevent more children from falling victim to this crisis.
MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au
Source: Huawei
Nairobi, Kenya – [September 11, 2024] – Huawei, a global leader in telecommunications and digital solutions, has announced its commitment to support Tower Companies (TowerCos) across Africa in their efforts to diversify energy sources and adopt sustainable practices in powering telecommunications infrastructure.
The initiative aims to help TowerCos reduce their carbon footprint, enhance operational efficiency, and explore new business frontiers.
In his speech titled: “Lighting Up the Road to Multiple Business Future for TowerCos“ delivered at the TowerXchange Meetup Africa 2024 in Nairobi, Li Shaolong, President of Huawei Site Power Facility Domain, said African continent is accelerating the construction of ICT infrastructure, and towercos, which play an important role in this process, are facing new challenges and opportunities.
“As the demand for mobile connectivity continues to rise, TowerCos face increasing pressure to ensure energy reliability and sustainability, particularly in regions with limited access to stable power grids. Tower sites, often located in remote areas, rely heavily on diesel generators, which are costly to operate, environmentally unfriendly, and vulnerable to fuel supply challenges. Huawei’s energy solutions are designed to address these challenges by integrating renewable energy technologies, such as solar power, and advanced energy storage systems,” Mr. Li said.
Mr. Li emphasized Huawei’s long-term vision to help Africa’s TowerCos transition towards greener energy solutions, adding that by integrating digital and power electronics technologies, Huawei Site Power Facility remains committed to providing towercos with end-to-end energy infrastructure and intelligent O&M solutions.
A Path to Diversification
In addition to energy sustainability, Huawei aims to support TowerCos in their diversification strategies, enabling them to explore new business models and revenue streams.
“This will drive towercos to become energy producers through innovative solutions and business models, thereby achieving diversified business development, revenue growth, and continuous success in energy operations.” Mr. Li said.
Mr. Li noted that by deploying Huawei eMIMO smart power solution, towercos can centrally manage multiple energy inputs (such as grid, PV and energy storage) and multiple outputs (such as 12 V to 220 V electrical devices) through a single power platform.
“In this way, revenue-generating services such as environmental protection and emergency response can be developed in addition to communications services,” he said.
He further noted that the major aims of Huawei Site Power Facility Domain are to support network evolution and increase tenancy ratio, help TowerCos Reduce energy costs and achieve green development, and improve power availability (PAV) and reduce O&M costs for sites.
“Huawei will continue to work with towercos to innovate and promote the iteration of energy infrastructure towards “green, simple, and intelligent”, accelerating the construction of African carrier networks and digital Africa,” Mr. Li said.
The Tajikistani authorities are perpetuating systemic discrimination and severe human rights violations against the Pamiri minority, according to new research by Amnesty International.
“The ongoing persecution and human rights violations against the Pamiri minority in Tajikistan reached an alarming scale years ago. But there is almost no one to ring the alarm bell.
Tajikistan: Reprisals against Pamiri minority, suppression of local identity, clampdown on all dissent highlights the violations of economic, social and cultural rights resulting from: the crackdown on Pamiri languages, cultural practices, and identities; the heavy presence of security forces from other regions of Tajikistan; violent repression of protest and widespread arbitrary detention; and socioeconomic marginalization faced by the Pamiri Ismaili community in Gorno-Badakhshan.
Discrimination and securitization
The central authorities have promoted a culture of prejudice against Pamiris. A state-sponsored narrative depicts them negatively, particularly Ismailis, leading to widespread discrimination. This policy manifests in repressive practices, including suppressing the use of Pamiri languages in media, education, and public life, excluding Pamiris from influential positions within the state administration and security apparatus, and extortion and destruction of local employment opportunities and Pamiri businesses.
The heavy presence of security forces from other parts of Tajikistan reflects the authorities’ contempt for the Gorno-Badakhshan population. “The word ‘Pamiri’ [for the security forces] means […] separatist, oppositionist, main enemy,” said one of the interviewees.
The presence of security agencies, including the Ministry of Internal Affairs (MIA) and the State Committee for National Security (SCNS), has significantly increased in GBAO. Security forces have set up armed cordons on roads and in city squares, including the capital city of GBAO, Khorugh, patrolled by heavily armed police and military. “The security forces in Khorugh behave like wolves looking after sheep. ‘You should not walk like this; you should not laugh!’” said one of the interviewees.
Security operations in GBAO include surveillance, intimidation, and the excessive use of force — often justified as combating terrorism and organized crime — accompanied by arbitrary arrests and prosecutions of local informal leaders and ordinary Pamiris, despite a lack of credible evidence.
“The heavy-handed securitization in Gorno-Badakhshan is beyond any scrutiny. The local population is perceived as hostile by the central government, and people are harassed and discriminated against on a daily basis,” said Marie Struthers.
2021-2022 crackdown and its aftermath
Mounting tensions erupted after the killing of prominent Pamiri figure Gulbiddin Ziyobekov in November 2021. Officially described as the result of a shootout with law enforcement, evidence points to an unlawful killing of an unarmed man, which may amount to an extrajudicial execution. In response to a four-day protest in Khorugh, security forces used firearms against a crowd that had been peaceful until that point, killing two protesters and allegedly injuring around a dozen.
“We escorted the women away […] to a safer location. At that time, a bullet hit me. They were shooting from the entrance of the building, wearing uniforms. Some of them were standing directly in the entrance, some of them were on the second or third floor,” said one protester, describing the indiscriminate use of lethal force by law enforcement officials.
After false promises to effectively investigate, the authorities instead persecuted informal community leaders, harassed civil society, and intimidated and prosecuted ordinary Pamiris.
A second outbreak of violence occurred in May 2022 when authorities violently dispersed peaceful protests in Khorugh and Rushan, resulting in the deaths of dozens of Pamiris, including informal leader Mamadbokir Mamadbokirov, shot by unidentified gunmen in a pickup — a likely extrajudicial execution. According to independent reports, 24 civilians died, some during the crackdown and some in alleged retaliatory unlawful killings.
A subsequent crackdown on civil society followed with the arbitrary detention of more than 200 human rights defenders, dissenters, and influential figures such as journalist and activist Ulfatkhonim Mamadshoeva and lawyers Faromuz Irgashev and Manuchehr Kholiknazarov. In December 2023, they received 21, 29 and 15-year sentences respectively, in secret trials, with the details of the charges made public only six months later.
Arbitrary detentions and torture
The Tajikistani authorities routinely arbitrarily detain, allegedly torture, and engage in other ill-treatment of Pamiris, with reports of coerced confessions and fabricated charges of crimes against “public safety,” “fundamentals of the constitutional order” or “order of administration.” Legal proceedings lack transparency and due process, with many trials lasting only a few days. During the 2021-2022 crackdown, reports of torture and other ill-treatment were common.
One of the detainees in the aftermath of the May 2022 protests said he was deprived of sleep for two days, beaten with fists and batons and hit on the head with a thick book.
“When they asked and I did not answer, they wrapped wet tissues around my fingers, then [fixed it with] tape. They put clips and switched something on. The [electric] current was strong. They did it with different fingers. They did it twice every day, four times in all,” he said.
“After the 2021-2022 protests in Gorno-Badakhshan, the systemic discrimination against the Pamiri community has become ever more entrenched, resulting in fear, harassment and violation of human rights. The international community must urgently raise concerns about the human rights violations faced by Pamiris with the Tajikistani authorities, in all possible fora not the least international fora, stand in solidarity with the Pamiri people, give protection to those who seek it abroad, and take decisive action to oppose this vicious system in Tajikistan,” said Marie Struthers.
Port Sudan, 11 September, 2024. A cholera outbreak is gripping central and eastern Sudan bringing more, death and misery to people already suffering under the country’s brutal war. Médecins Sans Frontières/Doctors Without Borders (MSF)’s emergency teams are supporting by treating patients and providing water and sanitation services.
Ongoing war, floods and now cholera
In August, Sudanese authorities declared a cholera outbreak, which is currently heavily affecting the states of Kassala, Gedaref and River Nile, Al Jazirah and Khartoum. According to the Ministry of Health, over 5,000 cases of cholera and 191 deaths have been reported. In the second half of August the weekly cases of the disease multiplied by four.
Cholera cases are not uncommon in Sudan, but this is the second time since the start of the war in April 2023, that the country is faced with outbreaks of the disease. For the past two years, our teams have been actively engaged in emergency responses to mitigate the spread of cholera.
“The mix of heavy flooding and torrential downpours, combined with the terrible living conditions and inadequate access to drinking water that people, particularly in crowded displaced camps are facing, have created the perfect storm for the spread of this often deadly disease,” says Esperanza Santos, MSF emergency coordinator for Sudan.
In Kassala, heavy rains and river floods have destroyed water and sanitation infrastructure and left both internally displaced communities and Eritrean and Ethiopian refugees living in even more appalling living conditions.
“People are dying from cholera right now; and we are pleading on the UN and international organizations to fund and scale up activities, particularly water and sanitation services, which are crucial to stop the lethal spread of cholera,” says Frank Ross Katambula, MSF medical coordinator.
Cholera adds yet another challenge to the crisis in Sudan and to the decimated health system, already struggling with increasing child malnutrition, high numbers of war wounded and regular cases of preventable diseases. The humanitarian response, frequently obstructed by both warring parties, remains far below what is needed.
Case management and water and sanitation
MSF teams in Khartoum, River Nile, Kassala and Gedaref have mobilized to support the Ministry of Health to respond to the situation, by setting up and running cholera treatment centres and units (CTCs and CTUs) and providing support to existing treatment facilities, in some of the most affected areas and hard-to-reach places. Between the end of August and 9 September, MSF teams treated 2,165 patients in our supported facilities.
Caused by a water-borne intestinal infection, cholera is transmitted through contaminated food , water, or through contact with faecal matter. Cholera can cause severe diarrhea and vomiting, and rapidly proves fatal, within hours, if untreated. But cholera is very simple to treat – rehydration is key.
“One adult male was unconscious [upon arrival to the facility]. Dehydration causes the body to go into shock. Doctors were resuscitating him, squeezing liters of fluids in his veins for about five minutes,” recalls Angela Giacomazzi, a Human Resource coordinator in Tanedba, about a patient who fortunately survived.
MSF teams are setting up oral rehydration points, trucking drinking water, constructing handwashing points and latrines, distributing hygiene kits and doing health promotion in the affected communities.In Darfur, where no cases have yet been registered, MSF teams are helping to improve cholera preparedness.
Unrestricted rapid access for staff and supplies
After nearly 17 months of challenges and obstructions around the provision of humanitarian assistance in Sudan, MSF calls on the warring parties to allow unhindered access for medical staff and supplies, to all the areas in need across Sudan, to enable a quick and coordinated response and prevent avoidable deaths.
“There is a risk of running out of essential supplies such as cholera kits in a moment when scaling up the response is urgently needed. We call on the authorities to fast-track and facilitate the delivery of supplies and drugs, as bureaucratic obstacles remain a major challenge,” says Katambula, MSF’s Medical Coordinator.
MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au
The Community and Public Sector Union (CPSU), which represents workers in Commonwealth Parliamentary workplaces and Members of Parliament staff, has called on Parliament to pass the legislation establishing the Independent Parliamentary Standards Commission (IPSC).
The creation of the IPSC is one of the key recommendations of the Set the Standard report by former Sex Discrimination Commissioner, Kate Jenkins.
The IPSC Bill will put in place an independent investigations and sanctions body to enforce consequences for bad behaviour from parliamentarians and staff.
Quotes attributable to CPSU National Secretary Melissa Donnelly:
“The CPSU is calling on the Federal Parliament to throw their full support behind the IPSC Bill.
“The establishment of the IPSC is essential to achieving safer parliamentary workplaces free from bullying, harassment, sexual harassment and assault, and discrimination.
“CPSU members have made significant contributions throughout this process – in speaking out on serious issues, and in shaping proactive measures to address them.
“The Set the Standard Report laid bare horrific instances of bullying, sexual harassment, sexual assault, and discrimination; it set out clear and practical measures to address unacceptable gaps in protections for staff in Commonwealth Parliamentary workplaces.
“The IPSC is the last big piece needed in the implementation of recommendations to make Commonwealth parliamentary workplaces safer, more respectful and professional.
“There needs to be real accountability for both parliamentarians and staff for bad behaviour.
“Workers in parliamentary workplaces have waited long enough for the IPSC to be established and there should be no more delays. Pass the Bill, let’s get this done.”
The global economy is navigating through a complex landscape marked by persistent geopolitical tensions. Nevertheless, easing inflationary pressure, central bank rate cuts (including by the ECB), and stronger consumer spending are mitigating these issues.
In the “Global Macroeconomic Outlook – Q3 2024 Update,” GlobalData has revised economic growth projections for the Americas and Europe upward. The Americas’ forecast increased by 0.11 pp to 2.16%, driven by strong consumer spending, easing inflation, and rising real incomes. Increased private domestic business investments are also expected to support the region’s economic resilience.
Conversely, forecasts for the Asia-Pacific (APAC) region and the Middle East & Africa (MEA) were reduced by 0.08 and 0.25 pps, respectively, to 2.59% and 3.57%. In MEA, the ongoing conflicts, oil market volatility, and shipping disruptions hinder the growth. For APAC, China’s economic slowdown, domestic challenges, and geopolitical tensions contributed to the downward revision.
Arnab Nath, Associate Project Manager, Economic Research Team at GlobalData, comments: “The slight upward revision in the global growth forecasts for 2024 reflects cautious optimism amid persistent geopolitical tensions. The resilience of key economies, including the US, which witnessed economic growth of 3% on an annual basis in Q2 2024 up from 1.4% in Q1, and the Eurozone, which achieved its strongest expansion in over a year at 0.6% in Q2 2024, contributes to this positive outlook.
“Gradual recoveries in the emerging markets will further bolster the projections. The major central banks, including the ECB, have commenced rate cuts, with the US Federal Reserve anticipated to follow suit, which may stimulate investments. However, central banks must tread carefully to avoid reigniting inflation or creating financial imbalance to ensure a balanced economic recovery.”
GlobalData forecasts the global inflation rate to decrease from 5.8% in 2023 to 4.5% in 2024, with a further decline to 3.7% anticipated by 2025. In 2024, the inflation rate is expected to decrease in all regions: the Americas, excluding Argentina and Venezuela (dropping to 5% in 2024 from 7.5% in 2023), Asia-Pacific (decreasing to 5% from 6.9%), Europe (declining to 4.3% from 7.8%), and the Middle East and Africa (falling to 22.1% from 27%).
Easing price pressure boosted the economic sentiment in major economies. According to GlobalData analysis using data from OECD, between January and June 2024, consumer and business confidence have risen considerably compared to the average of the previous six months in major economic groups, including the G20 and G7 countries. The rise in consumer confidence indicates robust consumer spending potential, which could bolster domestic demand and economic resilience.
Meanwhile, global political shifts indicated by the 2024 election cycle will have economic implications, including changes in trade policies, regulatory frameworks, and market stability. Far-right gains in Europe could result in protectionist measures, affecting international trade.
In South Korea and the UK, liberal victories may bring reforms that encourage foreign investment and market liberalization. Declining support for ruling parties in India and South Africa suggests potential instability, while voter dissatisfaction in Russia and Bangladesh signals economic uncertainty in these regions. These changes are likely to test global economic resilience.
Nath concludes: “While global growth is expected to remain stable, varying regional dynamics and persistent risks from geopolitical tensions may significantly shape the economic outlook for 2024 and 2025, necessitating careful observation of policy shifts and market trends.”
Notes
Quotes provided by Arnab Nath, Associate Project Manager, Economic Research Team at GlobalData
The information is based on GlobalData’s latest report: Global Macroeconomic Outlook – Q3 2024 Update (ref. https://www.globaldata.com/store/report/global-pestle-macroeconomic-analysis/?utm_source=cision&utm_medium=press%20release&utm_campaign=gd_press%20release_cision_bf_global%20economy_report )
About GlobalData
4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology, and professional services sectors.
On Saturday, 7 September, Troll B and C became partly powered from shore. This reduces annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2.
This is in line with the plan for development and operation (PDO) for Troll West electrification (TWEL), which was approved by Norwegian authorities in 2021.
“Troll B and C electrification marks an important milestone in the efforts to halve the emissions from our operations by 2030. The project reduces CO2 emissions by the equivalent of those from 125,000 fossil-fuelled cars,” says Geir Tungesvik, executive vice president for Projects, Drilling & Procurement.
The power to Troll B and C comes from Kollsnes, northwest of Bergen. From here it runs through a new electro building shared by the Troll and Oseberg fields out to Troll B in a 132 kV power cable, and from there to Troll C.
The project has installed new modules on Troll B and C that adjust the voltage to the systems on board. The processing systems and other energy-intensive systems on both platforms are now driven by electricity, except for the large export compressors, which are still gas-powered.
“Troll West electrification has generated substantial business activity for Norwegian suppliers. Over 70 percent of the investments in the project have gone to companies in Norway. I am very pleased that we, along with our partners and suppliers, have succeeded in executing the project in a safe and effective manner,” Tungesvik says.
The CO2 reduction is equivalent to about half a percent of Norway’s total annual emissions. NOx emissions from the field are also reduced by around 850 tonnes per year. Gas burned in turbines to provide energy on the platforms can now be exported and more efficiently used in Europe.
“We have made several new discoveries in the Troll and Fram area in recent years. Thanks to Troll B and C electrification we can develop and produce these resources with very low emissions. The Troll area will continue to deliver large volumes of low-carbon, high-value energy for many years to come,” says Kjetil Hove, Equinor’s executive vice president for Exploration & Production Norway.
The TWEL project is continuing to fully electrify the Troll C platform so that all power needs are met with electricity from land. The measure will cut annual emissions by another 200,000 tonnes of CO2. Overall, this will help cut almost four percent of the total emissions from oil and gas production, around one percent of total emissions in Norway.
Infrastructure at Kollsnes and the cable to the platform are designed for a possible future full electrification also of Troll B.
The Troll A platform (Troll East) was the first platform to be powered from shore on the NCS, and has been electrified since start-up in 1996.
Facts
The licensees in Troll Unit are Equinor 30.6% (operator), Petoro 56%, A/S Norske Shell 8.1%, TotalEnergies 3.7% and ConocoPhillips Skandinavia AS 1.6%.
The CommBank Household Spending Insights Index saw the impact of energy rebates lower spending on Utilities, while university and school fees drove up Education spending.
The CommBank Household Spending Insights (HSI) Index rose by 1.8 per cent in August to 154.3 as consumers splurged in the lead-up to an early Father’s Day.
Ten of the 12 spending categories rose in the month, with Hospitality (+5.2 per cent) and Household Goods (+4.4 per cent) leading the way as consumers spoilt Dad at hardware stores, department stores and men’s clothing stores. Restaurants, pubs, taverns and bars and event hire saw a jump in spending in August.
University and school fees paid in August led to a jump in spending on Education (+3.6 per cent), while Food & Beverage goods (+1.2 per cent), Household Services (+1.8 per cent), and spending on Motor Vehicles (+1.4 per cent) also rose.
The annual pace of spending in the year to August remains subdued at 3.7 per cent for the year.
“An early Father’s Day boosted spending in August as consumers appear to have lifted spend on household goods, while hospitality venues also saw people open their wallets during the month. The last time Father’s Day fell so early in the year spending retreated in September, which is worth keeping in mind as the annual spending rate still suggests a relatively weak consumer,” CBA Chief Economist Stephen Halmarick said.
The biggest spending falls in the month were Utilities (-0.3 per cent) and Transport (-0.3 per cent) as government rebates on electricity and lower petrol prices offered some relief to consumers. This led to notable shifts in spending across home ownership status as renters saw an uptick in the annual rate of spending to 1.3 per cent, while those with a mortgage (+2.8 per cent) and outright owners (+1.8 per cent) saw a slowdown in spending compared to July.
“For the first time in August we saw the impact of the various government electricity rebates on wallets which can be seen by the decreased spending on utilities. This, coupled with increased education spend, impacted spending across home ownership categories as we saw a jump in spending by renters likely due to university fees, while outright owners benefited from reduced spend on utilities as this is typically a larger share of their wallet,” Mr Halmarick said.
“While the earlier timing of Father’s Day has added some complexity to the data, we still anticipate that softer economic conditions, easing inflation, and rate cuts by other central banks will prompt the RBA to lower interest rates later in 2024. However, there is a possibility of delays pushing this into early 2025.”
The CommBank HSI Index tracks month-on-month data at a macro level and is based on de-identified payments data from approximately 7 million CBA customers, comprising roughly 30 per cent of all Australian consumer transactions.
SINGAPORE, 12 September 2024 – Singapore’s Emergency Medical Team (EMT), known as SGEMT, today joined the ranks of quality-assured EMT, prepared for self-sufficient and high-quality response to a wide range of health emergencies. This builds on years of work by Singapore’s government to support emergency response regionally and globally. The classification followed two days of intense evaluation by a team of expert peer reviewers from EMTs in China and Thailand, along with EMT experts from the World Health Organization (WHO).
Ensuring that Singapore is now able to deploy emergency responders to outbreaks or emergency events anywhere in the world, reflects the country’s commitment to advancing health security. SGEMT’s operational readiness reflects a whole-of-government effort that involves collaboration across multiple departments: health services, crisis strategy and operations, foreign affairs, military and civil defence forces.
WHO’s EMT Global Classification is a quality assurance mechanism, using external peer review to assess compliance against international principles and standards. The process ensures that emergency medical teams are composed of trained team members, have appropriate equipment, are fully self-sufficient, and are well-integrated within national health systems when deployed for emergency response. This mechanism enables safe and high-quality medical care to be provided during public health emergencies are well-integrated within local health systems. This quality assurance mechanism enables the highest quality of medical care to be administered during any public health emergency.
Enabling a network of emergency workforce across borders
Members of classified emergency medical teams form an integral part of the global health emergency workforce, comprising a network of trained and equipped emergency responders that can surge when required and requested by affected countries. The EMT Initiative, hosted by WHO, aligns with global efforts to standardize quality and enhance interoperability between national, regional, and global emergency workforce capacities.
EMT classification advances WHO’s Global Health Emergency Corps (GHEC) vision of a trained health emergency workforce centred in countries and coordinated regionally, as well as globally. GHEC provides a uniformly trained and globally connected emergency workforce corps that can effectively respond, as one cohesive unit, during a health emergency.
Reiterating the value of global health emergency corps, Dr Saia Ma’u Piukala, WHO Regional Director for the Western Pacific, noted: “In our interconnected world, efforts to build national emergency workforce capacities, simultaneously advance global health security. Initiatives like Emergency Medical Teams, ensure that countries are ready to respond with their own national emergency workforce during an emergency, and that they can access trusted networks of emergency responders across borders, when required.”
The COVID-19 pandemic drove home the need for all countries to have emergency response capacities, a highly trained national workforce and access to essential technology and equipment. Through the Global Health Emergency Corps (GHEC) collaborations between surge capacities such as emergency medical teams and rapid response teams, and other emergency response networks such as the Global Outbreak Alert and Response Network (GOARN) expand countries’ capacities to diagnose faster and treat quicker.
With the classification of the Singapore EMT, the Western Pacific now hosts 13 of 41 internationally classified EMTs, and national teams have been developed in nearly every Member State across the Region, from Mongolia in the far north to New Zealand in the south, and in both the largest and smallest countries. Rabindra Abeyasinghe, WHO Representative to Malaysia, Brunei Darussalam, and Singapore, who attended the EMT verification process shared: “EMTs form a crucial resource for countries in the Western Pacific and the world at large that require deployable clinical capacity to reach remote and emergency-affected communities.” EMTs in the Region have supported multiple emergency response efforts, including for COVID-19, measles outbreaks, cyclones, earthquakes and even a volcanic eruption and tsunami.
“Africa’s future depends on its youth embracing engineering, which lies at the core of solving the continent’s most pressing challenges” – Eng. Maureen Mwaniki, Director of Public Affairs and Policy at Huawei Kenya.
September 13, 2024 – Africa’s youth have been called upon to embrace engineering as a key driver of development and innovation across the continent.
Speaking at the 10th annual UNESCO Africa Engineering Week – High-Level Workshop held in Nairobi – Kenya on September 12, 2024, Eng. Maureen Mwaniki, Director of Public Affairs and Policy at Huawei Kenya, said the shortage of engineers in Africa, and the rest of the world was a cause for concern.
“There has been declining interest in the profession from the youth, with the enrolment of young people, especially women in the profession dwindling. The continent is facing a situation where there are a lot of older more experienced engineers, but not enough young candidate engineers entering the profession. Our ability to sustain the profession lies in the number of young people choosing engineering as a career,” Eng. Mwaniki said.
She noted that Africa’s future depends on its youth embracing Science, Technology, Engineering and Mathematics (STEM) education, particularly engineering, which lies at the core of solving the continent’s most pressing challenges.
“The growing need for infrastructure, clean energy, and climate resilience offers a unique opportunity for engineers to shape Africa’s path toward sustainable growth. But more efforts need to be put in attracting younger people, especially women, to the profession,” Eng. Mwaniki said.
“Women, in particular, need to step out of their comfort zones and grab the opportunities that are offered by companies such as Huawei. Programs like Seeds for the future, ICT Competition, Women Collaboration programs with our partners, etc will help expose the Women Engineers to advanced technologies that can enable them to create solutions for their country.”
The Africa Engineering Week provides a platform for government representatives, industry leaders, and academia to discuss policy frameworks and partnerships that can accelerate engineering education and innovation on the continent.
Celebrated across the region every year, UNESCO Africa Engineering Week promotes engineering solutions and awareness among students, society and policy-makers. It aims to inspire and educate youth and the public on the vital role of engineers in societies.
This year’s edition is hosted by the Ordem dos Engenheiros de Angola in Luanda, Angola, and organised jointly by UNESCO, the World Federation of Engineering Organizations (WFEO) and the Federation of African Engineering Organisations (FAEO).
It will include the 8th Africa Engineering Conference, the 7th Africa Women Engineers Forum, the Young Engineers Forum and a Business-to-Business (B2B) session. These events will focus on sustainability and innovative infrastructures; engineering and acceleration of African Continental Free Trade Area (AfCFTA) implementation; and engineering education and capacity building.
“This year’s theme, ‘Engineering and for Sustainable Development’, highlights the urgent need for technical solutions to address challenges such as climate change, infrastructure development, and digital transformation,” Eng. Mwaniki said.
The Code of Conduct Inquiry Taskforce final report into public service executives responsible for the illegal Robodebt scheme has detailed shocking failures from those at the very top.
The Taskforce found 12 people to have breached the Code of Conduct on 97 occasions, including former Agency Heads Kathryn Campbell and Renee Leon.
From the outset, CPSU members working on the frontline raised the alarm about the scheme – both with senior Agency management and in public.
Members spoke out about the errors in the methodology being used to raise debts, and the devastation they were causing to the community – and their concerns were ignored.
Today’s report confirms what CPSU members already knew – that those responsible “created and allowed a culture that prevented issues about the Scheme from being properly considered”.
Quotes attributable to CPSU National Secretary Melissa Donnelly:
“Today’s final report from the APSC Code of Conduct Inquiry Taskforce details shocking failures from those at the very top of the Robodebt scheme.
“CPSU members working on the frontline saw the terrible consequences of Robodebt firsthand.
“Frontline workers immediately understood the flaws in the scheme and knew the havoc it would wreak on vulnerable people. They raised the alarm publicly and with senior management and their concerns were ignored.
“Today’s report confirms that those responsible, including two former agency heads, are guilty of shocking breaches of the APS Code of Conduct. Not only did Kathryn Campbell oversee this unlawful scheme, but today’s findings also prove she failed to act on the concerns raised by staff and created a culture which silenced staff.
“While CPSU members are relieved to see those responsible found guilty of serious Code of Conduct breaches, it is incredibly disappointing that there are no meaningful consequences for those at the top.
“While the likes of Kathryn Campbell move on with their lives without sanction, our members continue to deal with the consequences of the scheme on those communities they serve and the loss of public trust.”
CBA data shows small and medium-sized businesses are taking a long view on the economy, investing in their productive capacity.
Businesses are continuing to invest in their operations despite the slower economy, with data from the Commonwealth Bank of Australia’s business bank showing a 15 per cent uplift in vehicle and equipment financing compared to the same period last year.1
Motor vehicle purchases have been a key driver (up 55 per cent), as supply chains continue to improve post-Covid and new stock becomes available. Among this category, loans for hybrid vehicles increased fivefold (533 per cent) in the past financial year, and electric vehicles were up 254 per cent. Financing for light commercial vehicles such as utes, vans and light trucks – a category that is particularly popular with small business customers – rose 27 per cent.
Businesses are also investing in shop and office fit-outs, with financing for shelving and furniture fittings up 25 per cent.
Financing activity has been particularly strong in areas like Health & Community services (up 35 per cent), Education (up 24 per cent) and Manufacturing (18 percent).
“Australia’s economic fundamentals are sound, and there are reasons for optimism about the future, but inflation and other global risks contribute to uncertainty that’s rightly prompting business owners to take steps to ensure their operations are future-fit and resilient,” said Grant Cairns, Executive General Manager Business Lending at Commonwealth Bank.
“While companies are navigating ongoing pressure from rising cost of doing business, we are seeing many business owners taking the long view on the economy and investing in their operations.”
As motor vehicles are one of the most common asset investments for small and medium-sized businesses, CommBank has collaborated with Carsales to launch a car buying service via the CommBank app or Netbank to help make finding and financing a car or electric vehicle easier for both business owners and individuals.
A ute with equipment tray parked next to a construction site
“We are very focused on ensuring access to capital to help drive productive capacity across the country,” Mr Cairns said.
“For small and medium-sized businesses, this means making it simpler and easier to access funds and we’ve cut our funding time-to-decision by 20 per cent to provide that support faster.”
Mr Cairns said the bank has also worked to automate and digitise its business lending products, including business overdrafts, which are now available to eligible small business customers via a fully automated online application process that can see funds credited to their account in as little as eight minutes.
Still, Mr Cairns said, while many businesses were looking to invest, that wasn’t the case for all, and some businesses were doing it tough amid higher cost of living.
“While there are these pockets of strength and optimism across the economy, we know that the economic climate is challenging some businesses more than others, and we have tailored support available for those who are doing it tough.
“We have been proactively reaching out to hundreds of thousands of our business customers to check in on them and ensure that those who need support know how to access it and understand what measures are available and that we’re here to help,” he said.
CBA has a range of measures are available for those who need support including deferred business loan repayments or debt restructuring. More information is available on our website.
Businesses seeking support can speak to their Relationship Manager or call CBA’s dedicated Business Financial Assistance team, available 24/7, on 13 26 07.
Footnote:
[1] CBA asset finance data FY24 vs same period of FY23
16 September – As the results of a nutrition screening carried out by the Sudanese health authorities and Médecins Sans Frontières / Doctors Without Borders (MSF) earlier this month in Zamzam camp, North Darfur, indicate a catastrophic nutritional situation that is only getting worse, MSF urges the UN and international stakeholders involved in negotiating broader humanitarian access to consider all options to quickly deliver food and essential supplies in the area, including by airdrops.
“Not only do the results confirm the disaster that we and other stakeholders have been observing and alerting on for months, they also indicate that every day things are getting worse and we’re running out of time” adds Michel Olivier Lacharité, head of emergency operations for MSF. “We are talking about thousands of children who will die over the next few weeks without access to adequate treatment and urgent solutions to allow humanitarian aid and essential goods to reach Zamzam”.
Despite announcement that gave hope for positive developments, for instance following the Geneva peace talks, no significant amount of humanitarian relief has reached the population in the Zamzam camp and the nearby, war-stricken city of El-Fasher since the IPC Famine Review Committee concluded that famine conditions were prevalent in the area on 1 August this year. Most supply roads are controlled by the Rapid Support Forces (RSF) who have made it all but impossible to bring therapeutic food, medicines and essential supplies into the camp since the intensification of fighting around El Fasher last May.
There’s no more time to waste if thousands of preventable deaths are to be avoided. Among the more than 29,000 children under five years old screened last week during a vaccination campaign in Zamzam camp, 10.1 percent suffer from severe acute malnutrition (SAM), a life-threatening condition, while 34.8 percent suffer from global acute malnutrition (GAM), which will evolve into more severe form of malnutrition if not treated effectively and in timely fashion.
“The malnutrition rates found during the screening are massive and likely some of the worst ones in the world currently. It’s even more terrifying as we know from experience the results are often underestimated in the area when we use only the mid-upper arm circumference criteria like we did here instead of combining it with measuring weight and height” explains Claudine Mayer, MSF medical referent.
An MSF mass screening carried out in March 2024 had revealed an 8.2 percent SAM rate and a 29.4 percent GAM rate, which was already twice as high as the 15 percent alert threshold of the World Health Organisation.
The only food available is from pre-existing stocks, which is not sufficient for people living in the area, and food prices are at least three times as high as in the rest of Darfur. Fuel prices are soaring as well, making it very difficult to pump water and run clinics that rely on generators for electricity. Our staff on site report that for many, it’s impossible to rely on more than one meal per day.
“In such a dire situation, we should be scaling up our response: instead, running critically low on supplies, we are reaching breaking point and were recently forced to reduce our activity to focus solely on children in the most severe conditions” says Claudine Mayer. “This means we had to suspend treatment for the less severe forms of malnutrition, who represented an active cohort of 2.700 children, and to put an end to consultations provided to adults and children over five years old, who represented thousands of consultations every month”.
Zamzam camp is estimated to host between 300.000 and 500.00 people, many of them displaced many times over, who are trying to flee the war that has been tearing up their country since last year. In El Fasher, where many of the displaced used to live, only one hospital remains partially standing after the others were damaged or destroyed in the conflict.
“Due to these unconscionable blockages on supplies, we feel like we are leaving behind an increasing number of patients who already have very few options for getting lifesaving medical care” adds Michel Olivier Lacharité. “If the roads are not an option for getting massive quantities of urgent supplies into the camp, the United Nations should look at every available option. Delaying these supplies meaning causing more deaths – thousands of them, among the most vulnerable.”
MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au
WUHAN, China, September 13, 2024/
Moscow/ Amsterdam, 17 September 2024: Thirty-two years after starting work in the Russian Federation, Médecins Sans Frontières/ Doctors Without Borders (MSF) had to close its operations in the country.
“It is with a heavy heart that we have to close our activities in the Russian Federation,” says Yashovardhan, head of MSF programmes in the country. “Our organisation’s work is guided by the principles of independence, impartiality and neutrality and medical ethics, we provide assistance based on the needs.”
In August this year, we received a letter from the Ministry of Justice of Russia, with the decision to withdraw the affiliate office of the non-profit association ‘Médecins Sans Frontières’ (Netherlands) in the Russian Federation from the Register of affiliate and representative offices of foreign NGOs.
The international humanitarian medical organisation had been present in Russia since 1992. For more than 30 years, we successfully implemented dozens of programmes, ranging from assistance to the homeless to emergency response to the collaborative work with the Ministry of Health in the innovative tuberculosis treatment. We worked in various regions of the country: in Moscow, St. Petersburg, the Kemerovo region, Chechnya, Ingushetia, Dagestan and – more recently – in the Arkhangelsk and Ivanovo regions as well as in the south of Russia in Belgorod and Rostov-on-Don.
A significant part of the history of MSF in Russia and the region was linked to the implementation of advanced approaches to the treatment of tuberculosis. MSF has collaborated with medical academic community of Russia and other countries in the Eastern Europe and Central Asia to extend effective, innovative treatment for drug-resistant tuberculosis (DR TB) to patients in penitentiary and civil sectors across the region.
In 2004-2017, we worked in close partnership with the Chechen Ministry of Health (MoH), providing technical and advisory support to the local health authorities in the treatment of drug-sensitive and drug-resistant tuberculosis in the Chechen Republic. The programme covered different aspects of TB diagnostics, treatment, laboratory services and health education, as well as adherence counselling and psychosocial support for patients and their families. In 2014, MSF supported MoH in introducing new treatment regimens for patients with extensively drug-resistant TB which yielded impressive results giving hope to patients who previously had no treatment options left.
In 2021, MSF and local health authorities of the Arkhangelsk region in the north of Russia started successful implementation of a nine-month all-oral course of treatment for DR TB. 173 patients were enrolled on this treatment regimen. And later, in 2023, we started enrolling patients on an even shorter – just six months-long – all-oral treatment course that was recommended by the World Health Organization in the updated treatment guidelines in late 2022.
In Arkhangelsk and starting from 2024 in Ivanovo, MSF was providing expertise and technical assistance to health authorities with a special emphasis on implementing new treatment regimens and enhancing patients’ adherence and integrating person-centred care. To date, 41 patients in the Arkhangelsk and Ivanovo regions started treatment for DR TB within this joint programme. The aim of the collaboration was to contribute to the evidence base for more effective – less toxic, person-centred – treatment with a view to scale up these scientifically proven treatment protocols in Russia.
In Moscow and St Petersburg since 2020, MSF partnered with two community-based NGOs to support access to general healthcare, as well as testing and treatment for infectious diseases, for people living with HIV and other vulnerable groups, such as migrants, who otherwise struggle to obtain medical assistance. Over 14,000 medical consultations were supported for patients from these vulnerable groups.
Since the escalation of the armed conflict in Ukraine in 2022, many people have sought safety in Russia, and MSF in partnership with local NGOs in the Belgorod and Rostov regions in the south of Russia started providing assistance to those who crossed into Russia from Ukraine and later – with the development of the situation – internally displaced people. Since the start of our response in 2022, more than 52,000 refugees and displaced people were provided with humanitarian aid and more than 15,400 received free medical, mental health and psychosocial support.
As part of this partnership, we were also planning to respond to the humanitarian and medical needs of the internally displaced people in the Kursk region. MSF continues to stand in solidarity with people impacted by this conflict and remain steadfast in our commitment to provide humanitarian assistance to those in need, irrespective of what side of the front line they are on, should the necessary conditions for our work be provided by relevant authorities.
“We would like to take the opportunity to thank all our colleagues in Russia for their hard work and commitment to humanitarian values we hold high as an organisation,” says Norman Sitali, MSF Operations Manager responsible for programmes in Russia. “We are very sad to conclude our programmes in the country as many people in Russia in need of medical and humanitarian assistance will now be left without the support we could have provided to them. MSF would like to still work in Russia again if and when possible”.
MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au
A recent opinion poll carried out in the Cook Islands showed that 66% of residents do not support deep seabed mining, and 49% do not support exploration.
The poll which was carried out last week by Te Puna Vai Marama, the Cook Islands Centre for Research, had 771 valid responses. Slightly more women than men took part. There was a wide age range of Cook Islands residents who took part – from teenagers to those in their eighties.
The Cook Islands has extensive coverage of polymetallic nodules in its exclusive economic zone. If harvested, these minerals could be used to make renewable energy infrastructure, such as turbines, cars and electronic devices.
Currently, the Cook Islands is in a deep seabed exploration phase. The Government has permitted three companies to research whether these minerals and metals could be mined economically. If so, they may be awarded a license allowing them to begin mining the seabed in the Cook Islands Exclusive Economic Zone.
At the same time, the deep sea is an untouched ecosystem, about which scientists agree that little is still known. Some marine scientists warn that industrial scale deep-seabed mining could disrupt biodiversity at the bottom of our oceans and have far- reaching harmful effects.
Professor Heather Worth, Director of Te Puna Vai Marama, the Cook Islands Centre for Research said, “we are quite surprised by the results. We didn’t realise how many Cook Islanders are worried about the effect of seabed mining on the environment and who care deeply about the deep ocean”.
Further results will be made public as Te Puna Vai Marama analyses the data.
Morgan Stanley (NYSE: MS) today announced the 2024 global cohort of the Inclusive Ventures Lab, with 25 companies selected from the Americas and Europe, the Middle East and Africa (EMEA). Over the next five months, the companies will participate in an in-house accelerator program designed to further develop and scale technology and technology-enabled startups in the seed to Series A funding round stage.
Chosen from thousands of applications, the 25 startups represent a range of disruptive technologies across industries such as Climate Tech, Retail, Healthcare, FinTech, SaaS, Enterprise Software, Consumer and Travel – with many incorporating AI and sustainability into their products and services. Cohort companies will receive a $250,000 investment (£250,000 in EMEA) from Morgan Stanley, as well as a variety of mentorship opportunities, a tailored entrepreneurship curriculum and business-growth resources from the firm’s ecosystem of internal and external partners.
“In today’s challenging venture capital environment, we are proud to welcome our largest cohort of groundbreaking startups to the Inclusive Ventures Lab and are eager to support them as they scale their innovations and work to build a better world,” said Selma Bueno, Global Head of the Morgan Stanley Inclusive Ventures Group. “Each year since the Inclusive Ventures Lab’s launch in 2017, we have expanded our efforts to ensure that more entrepreneurs around the world can succeed – and this year is no different.”
The companies selected to participate in the 2024 cohort include the following:
Programming will culminate in February 2025 with a global Demo Day, when participating companies will present to potential investors, business partners and customers. The investment firms in attendance at the last showcase represented over $40 billion of dry powder and indicated a high level of interest following the event.
About the Morgan Stanley Inclusive Ventures Lab
The Morgan Stanley Inclusive Ventures Lab (MSIVL) is an intensive five-month in-house accelerator program designed to help further develop and scale startups, culminating in a showcase presentation and Demo Day to the investor community. Morgan Stanley launched MSIVL, formerly called the Multicultural Innovation Lab, in 2017 in order to address inequities in funding of startup founders, which our research shows equals over four trillion dollars in unrealized returns.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.