Wood Mackenzie appoints new Chief Financial Officer

LONDON and HOUSTON and SINGAPORE, March 27, 2023 (GLOBE NEWSWIRE) — Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

Simon brings a wealth of experience in private and public companies in the US, Europe and Asia. He joins Wood Mackenzie after nearly five years as CFO of ERM, the world's largest Sustainability and Environmental Consultancy where he played a key role in their rapid growth, diversification, and successful investment from KKR.

Commenting on Simon's appointment, Mark Brinin, CEO of Wood Mackenzie said: "Simon is a commercially minded CFO, with a breadth of international experience, having worked with private equity backed ERM and companies listed on New York, London and European stock exchanges. He has strong financial management and strategic leadership skills. Simon's diverse background in environmental consulting and global energy markets brings deep knowledge of our end markets. His considerable experience will benefit the future success of Wood Mackenzie. We are delighted that he has chosen to join us."

"He is well qualified to help the team build on its decades of leadership and innovation in the energy industry. It is an exciting time to join Wood Mackenzie as the company is well positioned to expand and enhance the critical insights provided to its growing customer base across the entire energy and renewables value chain," Brinin added.

Simon Crowe, CFO, commented: "I am really excited about joining the Wood Mackenzie team. The global energy, renewables and commodity markets are in transition to net zero and Wood Mackenzie has a new strategic partner in Veritas Capital. The world will be increasingly reliant on the critical insights, data and knowledge that Wood Mackenzie's research and consulting teams have developed over the last 50 years. I am looking forward to working with a first–class global team and helping to drive the growth agenda."

EDITOR'S NOTES
View the full Wood Mackenzie executive leadership team here.
Read the press release announcing Veritas Capital's acquisition of Wood Mackenzie in February here.

For further information please contact Wood Mackenzie's media relations team:
Sonia Kerr
+44 330 174 7267
Sonia.kerr@woodmac.com

You have received this news release from Wood Mackenzie because of the details we hold about you. If the information we have is incorrect you can either provide your updated preferences by contacting our media relations team. If you do not wish to receive this type of email in the future, please reply with 'unsubscribe' in the subject header.

About Wood Mackenzie
Wood Mackenzie is a trusted source of commercial intelligence for the world's natural resources sector. We empower customers to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit: www.woodmac.com or follow us on Twitter @WoodMackenzie
WOOD MACKENZIE is a trademark of Wood Mackenzie Limited and is the subject of trademark registrations and/or applications in the European Community, the USA, and other countries around the world."

About Veritas Capital
Veritas is a longstanding technology investor with over $40 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology–enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit www.veritascapital.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc6a85fd–6cd6–4b57–b37d–ca7c25a9ea5b


GLOBENEWSWIRE (Distribution ID 1000800450)

ALIZY IMPORTANT DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Allianz SE Investors to Secure Counsel Before Important April 3 Deadline in Securities Class Action Filed by the Firm – ALIZY

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Allianz SE (OTC: ALIZY) between March 9, 2018 and May 17, 2022, both dates inclusive (the "Class Period"), of the important April 3, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased Allianz securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the class action, go to https://rosenlegal.com/submit–form/?case_id=2121 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Allianz did not have effective internal controls; (2) Allianz's subsidiary was involved in substantial fraudulent activity; (3) as a result, Allianz was at an increased risk of regulatory scrutiny; (4) as a result, Allianz was at an increased risk of substantial losses and financial costs; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Allianz class action, go to https://rosenlegal.com/submit–form/?case_id=2121 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8796198)

Classic Parade announces its incorporation as an LTD company

LONDON, March 27, 2023 (GLOBE NEWSWIRE) — After 20 years under family ownership, Classic Parade, a hypercar hire company in London, will now effective immediately become an LTD company that has financial backing from Qatari investors.

This move comes from a strategic business decision to focus on growth beyond the United Kingdom. Currently, Classic Parade services luxury hypercar hire customers all over the UK, but with the revitalizing investment from its new owners, it aims to become the premium hypercar hire company that services all of Europe. No other luxury supercar for–hire provider serves that large of a geographical location in the area; Classic Parade will be the first.

Its existing portfolio of vehicles is vast, including well–known brands in the luxury vehicle community such as Ferrari, McLaren, Rolls Royce, Porsche, Audi, and more. A hire agreement can be completed in as little as 24 hours, making it possible to get a next–day hypercar hire in the UK. With these same services offered in all of Europe, Classic Parade will expand its fleet to meet the demand of its growing customer base. All of the available vehicles can be found on Classic Parade's website, but a brief snapshot of the Classic Parade fleet is as follows:

  • Ferrari SF90 Stradale: The Ferrari SF90 Stradale has impressive power with 986 bhp. In a bold red color, this is one of the most sought–after vehicles today.
  • McLaren Speedtail: The sleek body of this vehicle offers aerodynamics and its 1050 bhp is a selling point for many customers.
  • Lamborghini Sian: With a daily rate of 6000, this model sits at the top tier of available Lamborghinis. It features 808 bhp and goes from 0–60 MPH in 2.8 seconds.
  • Porsche 918 Spyder: With a price of 3500 per day, drivers can test out the Porsche 918 Spyder's ability to get from 0–60 MPH in 2.2 seconds.

Supercar hires have a range of price points, with each agreement requiring a security deposit. When the vehicle is returned to Classic Parade in good condition, the security deposit will be refunded to the customers. Every agreement includes self–drive hire insurance for 2 drivers, though drivers must be at least 25 years of age to drive vehicles hired from Classic Parade.

Expanding with a phased approach, Classic Parade will provide updates when servicing starts for locations around Europe. Once up and running, these locations will be able to access 24–hour service and deliveries any day of the week.

Another service that will be available to customers in all of Europe is the "Try Before You Buy" Program, which connects potential buyers with the vehicles they are interested in before they permanently purchase those vehicles. Prior to investing in an expensive vehicle, Classic Parade's customers can drive the same luxury vehicle for any length of time. Flexible hire terms and customized pricing packages make this possible.

Those interested in hiring a supercar from Classic Parade in the UK can reach out to rent@classicparade.co.uk or +44 (0) 333 355 3595. There are no hires available in other locations, but as that changes, updates can be found here. The Classic Parade team is available 24 hours, 7 days a week to answer questions or finalize supercar hire details for customers in the UK.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e320844d–7478–4095–83aa–44c56e95cb84

Contact
Classic Parade
+44 (0) 333 355 3595
rent@classicparade.co.uk


GLOBENEWSWIRE (Distribution ID 1000800415)

HMC FINAL DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Honda Motor Co., Ltd. Investors With Losses to Secure Counsel Before Important Deadline in Securities Class Action – HMC

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depository Shares ("ADSs") of Honda Motor Co., Ltd. (NYSE: HMC) between June 20, 2018 and September 28, 2022, both dates inclusive (the "Class Period") of the important April 3, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Honda ADSs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Honda class action, go to https://rosenlegal.com/submit–form/?case_id=11692 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Honda had overstated the safety and effectiveness of the Idle Stop engine feature; (2) Honda maintained deficient disclosure controls and procedures with respect to product quality and safety; (3) as a result of the foregoing deficiencies, Honda failed to prevent American Honda from marketing and selling thousands of vehicles that contained a defective Idle Stop feature; (4) the foregoing conduct subjected the Company and/or its subsidiaries to a heightened risk of litigation, as well as financial and/or reputational harm; and (5) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Honda class action, go to https://rosenlegal.com/submit–form/?case_id=11692 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8796069)

Zoom announces the expansion of Zoom IQ, the smart companion that empowers collaboration and unlocks potential

SAN JOSE, Calif., March 27, 2023 (GLOBE NEWSWIRE) — Today at Enterprise Connect, Zoom Video Communications, Inc. (NASDAQ: ZM) announced the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people's potential by summarizing chat threads, organizing ideas, drafting content for chats, emails, and whiteboard sessions, creating meeting agendas, and more. The company also announced it will use OpenAI to bolster its unique federated approach to AI based on flexibility.

Zoom's federated approach to AI leverages its own proprietary AI models, those from leading AI companies"" such as OpenAI ""and select customers' own models. With this flexibility to incorporate multiple types of models, Zoom's goal is to provide the most value for its customers' diverse needs. These models can also be customized to perform better for a customer, based on their vocabulary and requirements.

"Zoom has long built AI solutions into our products to empower customers to be more productive," said Smita Hashim, chief product officer at Zoom. "We are excited to bring many more capabilities with new large language models. Our unique approach to AI will give customers the flexibility they want and help significantly improve collaboration and customer relations."

In today's work environment, workers find it increasingly difficult to balance workday priorities between emails, team chats, meetings, and project management tasks. Teams are also looking for ways to better co–create effectively in real–time. To help solve these challenges, Zoom IQ will have a host of new capabilities scheduled to release soon, including:

  • Zoom IQ chat compose: Zoom Team Chat users can soon use the compose feature to help compose messages based on conversational context in addition to changing message tone to customize suggested responses.
  • Zoom IQ email compose: Harnessing the power of Generative AI, users will get email draft suggestions in response to the conversational context from prior Zoom Meetings, Zoom Phone calls, and email threads. Available initially in Zoom IQ for Sales.
  • Zoom IQ meeting summary: Generate a summary, capture next steps, and share via Team Chat, Zoom Calendar, and email without recording the conversation, so those who didn't attend will no longer have to sit through lengthy recordings.

Additionally at Enterprise Connect, Zoom is showcasing the following innovations to make teamwork more meaningful and strengthen customer relationships:

  • Zoom Huddles (formerly Zoom Spots) is a new video–enabled virtual coworking space designed to foster ad–hoc discussions and relationship building, to replicate the "working alongside" aspect of an open office and encourage free–form video–first conversations. Zoom Huddles is now available globally for customers to request early access by visiting the product page.
  • Intelligent Director uses multiple cameras in a Zoom Room to determine the best angle of the individuals in the room to display within the meeting. With high–quality, reliable video and voice, Intelligent Director also provides a best–in–class experience for remote participants. Available in beta soon.
  • Zoom Scheduler makes it easy to find the perfect time for meetings by sharing the host's availability so others (even external participants) can conveniently book appointments. Zoom Scheduler reduces the back–and–forth hassle of manual scheduling by placing a meeting on the host's calendar with a Zoom Meetings link already included, saving both participants time. Zoom Scheduler works seamlessly with Zoom Meetings and Zoom Mail and Calendar, and integrates with Google Calendar and Microsoft 365, so hosts can use their preferred calendar.

Additional Resources:

About Zoom
Zoom is an all–in–one intelligent collaboration platform that makes connecting easier, more immersive, and more dynamic for businesses and individuals. Zoom technology puts people at the center, enabling meaningful connections, facilitating modern collaboration, and driving human innovation through solutions like team chat, phone, meetings, omnichannel cloud contact center, smart recordings, whiteboard, and more, in one offering. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

Zoom Public Relations
Beth McLaughlin
press@zoom.us


GLOBENEWSWIRE (Distribution ID 8795878)

bioLytical Laboratories Inc. Receives Health Canada Authorization for its INSTI® Multiplex HIV-1/2 Syphilis Antibody Test

  • bioLytical has received Health Canada authorization to sell its INSTI Multiplex HIV–1/2 Syphilis Antibody Test across Canada for professional use in point–of–care settings
  • By providing results for two infections with only one sample, the test helps reduce test anxiety for patients by allowing healthcare professionals to test more people in less time
  • The test is portable and can be performed in a multitude of settings with easy–to–understand results
  • As part of the Health Canada review and authorization, the submission included clinical data from the two–year PoSH Study led by researchers at the University of Alberta and St. Michael's Hospital, a site of Unity Health Toronto
  • Test performance in clinical studies demonstrated high accuracy, with industry–leading sensitivity and specificity
  • bioLytical's quality system is MDSAP: ISO 13485 certified

RICHMOND, British Columbia, March 27, 2023 (GLOBE NEWSWIRE) — bioLytical Laboratories Inc. (“bioLytical”), a global leader in rapid in–vitro medical diagnostics, announced today that it has received Health Canada authorization for its INSTI Multiplex HIV–1/2 Syphilis Antibody Test, allowing its immediate entry into the Canadian market. Furthermore, bioLytical is working on a self–test version to ensure Canadians of all demographics can access regular and early testing for both infections, where and when it works best for them.

“I am proud to lead a team of hardworking and innovative individuals who consistently push the boundaries of what is possible,” says Rob Mackie, CEO of bioLytical. “Our continued dedication to excellence allowed us to achieve this remarkable milestone that will help Canadians across all demographics access early testing in various settings.”

As a well–known leader in global HIV testing with its innovative INSTI HIV–1/2 Antibody Test, authorized by Health Canada for both professional and self–testing use, bioLytical has leveraged its proprietary INSTI technology to develop the INSTI Multiplex HIV–1/2 Syphilis Antibody Test, first approved and in use across Europe and Africa since 2016.

The test is designed to detect both HIV–1/2 and syphilis antibodies with one sample using a simple fingerprick method to deliver accurate results in one minute or less. Mobile and simple to use, INSTI allows healthcare professionals to test in various environments, providing flexible options for persons that face barriers to accessing healthcare.

As part of Health Canada's review and subsequent authorization, the two–year Point of Care Tests for Syphilis and HIV (PoSH) Study, completed between August 2020 and February 2022, was included in the submission process. The Study, led by researchers at the University of Alberta and St. Michael's hospital, a site of Unity Health Toronto, showcased the importance of regular and frequent testing to help connect patients to care. Due to the real–time results that the innovative INSTI platform provides, those who tested positive for HIV were either linked or relinked to care, and of those that tested positive for active syphilis, the majority (87.4%) were treated immediately following point–of–care test results, and the remaining participants were treated within a median of four days.

Syphilis is a serious health issue that can lead to long–term health consequences if left untreated. Canada is currently experiencing unprecedented syphilis infection rates, with a 166% nationwide increase from 2017–2021. Rates have increased across all demographics, with new infections increasing by 20% between 2020 and 2021 despite decreased access to STBBI services during the pandemic. Furthermore, there is a growing concern about increasing congenital syphilis, with a 1271% increase in the same period.

With an estimated 62,790 persons living with HIV (PLWH) in Canada and with an estimated 1,520 new HIV infections annually, co–infection with syphilis and HIV is a growing concern. While both infections can affect anyone, having a STI such as syphilis increases the chance of acquiring HIV and in PLWH, increases the chances of passing on HIV. Additionally, syphilis sores or ulcers can allow HIV and other STIs to enter the body.

Rapid testing is instrumental in ending HIV and syphilis as public health threats. Regular and early access to testing allows medical professionals to offer early interventions by quickly connecting patients to care and support, reducing onward transmission, and increasing awareness of prevention methods.

If syphilis is diagnosed within a year of infection, it can usually be treated with a single injection of medication. HIV treatment has also progressed significantly since the virus was identified over 40 years ago, allowing persons living with HIV to lead long and healthy lives on treatment. Creating a test that can identify both infections with a single sample helps ensure that Canadians can connect to care quickly and equitably. The INSTI Multiplex HIV–1/2 Syphilis Antibody Test is an innovative and efficient approach to increasing access to early and regular testing for sexually transmitted and blood–borne infections (STBBIs) in Canada.

“With the rise of syphilis in Canada, including the concerning increase in congenital syphilis, there is an urgent need for a fast and reliable rapid diagnostic test,” said Mackie. “With the development of a highly accurate and innovative one–minute test, INSTI allows Canadians to learn their status to two infections with only one drop of blood, helping more Canadians access testing, learn their status, and connect to care.”

bioLytical will manufacture the INSTI Multiplex HIV–1/2 Syphilis Antibody Test in its MDSAP: ISO 13485–certified facility in British Columbia to sell and distribute across Canada. As a global leader in ultra–rapid infectious disease diagnostics, bioLytical is working to ensure our test kits are available to Canadians so they can know their status.

bioLytical Laboratories Inc. is a privately–owned Canadian company focused on researching, developing, and commercializing rapid in–vitro medical diagnostics using its proprietary INSTI technology platform and its lateral flow line, iStatis. bioLytical has won several local and industry awards, including B.C. Exporter of the Year in 2019. We have been named Lifesciences B.C.'s Growth Stage Med Tech Company of the Year and featured on B.C.'s Fastest–Growing Companies for six years, including the Globe and Mail's Fastest Growing Companies list in 2020. bioLytical moved to a significantly larger, state–of–the–art facility in Richmond, B.C., in 2020 to accommodate the extraordinary growth achieved through our team. Providing accurate results in one minute or less, the INSTI range includes the INSTI HIV–1/HIV–2 Antibody Test, INSTI Multiplex HIV Syphilis Ab Test, INSTI HIV Self Test, INSTI Covid–19 Antibody Test, and the INSTI HCV Antibody Test. bioLytical sells its products in Europe, North America, South America, Africa, and Asia. In 2022, bioLytical launched iStatis, its new lateral flow testing platform, to create additional access to testing worldwide.

By delivering accurate results in real–time, INSTI and iStatis generate meaningful outcomes for medical professionals, patients, and public health organizations worldwide and is a key partner in tackling some of the world's most severe healthcare challenges. Please visit www.istatis.com and www.insti.com, and www.biolytical.com for more information.

References

CATIE: https://www.catie.ca/syphilis–0
PHAC: https://www.canada.ca/en/public–health/services/reports–publications/canada–communicable–disease–report–ccdr/monthly–issue/2022–48/issue–11–12–november–december–2022/infectious–congenital–syphilis–canada–2021.html
PHAC: https://www.canada.ca/en/public–health/services/publications/diseases–conditions/estimates–hiv–incidence–prevalence–canada–meeting–90–90–90–targets–2020.html

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4adaf035–89ca–428d–a01d–9bf5c3f05e4b


GLOBENEWSWIRE (Distribution ID 8795504)

Yes, Lower The Retirement Ages!

The median ages of populations are expected to continue rising over the coming decades. East Nanjing Road, Shanghai, China. Credit: Shutterstock.

By Joseph Chamie
PORTLAND, USA, Mar 27 2023 – Yes, lower the retirement ages! That is the key message that workers worldwide are conveying to their governments.

Rather than increasing retirement ages as many governments are now proposing, men and women worldwide want to stop working well before they reach old age, which is approximately 60 years.

After toiling for years in factories, offices, shops, backrooms, vehicles, fields, etc., most workers around the world want to stop working before they reach old age. That desire translates into exiting the labor force and receiving a government pension at approximately age 55 years.

Government officials, economic advisors, business leaders and many others calling for raising retirement ages will no doubt consider lower retirement ages to be preposterous, verging on financial blasphemy and leading to an economy’s doom. Some have argued that lowering retirement ages places an unaffordable and unfair burden on taxpayers.

The number of young women and men available to work is the largest ever. Whereas the proportion of the world’s population between ages 18 to 59 was 52 percent in 1950 and numbered 1.3 billion, that proportion increased to 56 percent in 2022 and numbered 4.5 billion

On the contrary, rather than leading to an economy’s ruination, a retirement age of 55 years may usher in a “retirement renaissance” resulting in untold benefits to societies worldwide.

The renaissance will enhance and extend the quality of life for those in retirement. It is also expected to decrease unemployment rates, lead to increased motivation among younger employees to continue working until retirement, provide businesses with energetic, healthy, well-trained youthful workers as well as foster cross generational interactions, recreation, hobbies and cultural activities.

In addition, the renaissance may contribute to raising low fertility levels by making childcare more readily available. Today two-thirds of the world’s population lives in a country where the fertility rate is below the replacement level of about 2.1 births per woman.

The retirement renaissance will permit retired men and women with adult children to assist with childcare and related activities. With grandparents available for childcare, young working mothers and fathers can be expected to be more favorably disposed to having additional children.

The protests, demonstrations and objections in Asia, Europe, North America and elsewhere reflect the public’s resistance to working until, as they claim, broken-down and close to near death. Large majorities of workers have clearly conveyed their opposition to their respective government proposals requiring people to work well into old age before they are entitled to receive their promised retirement pensions.

The various projected insolvencies of government pension systems, often cited as justification for raising retirement ages to record breaking high levels, are often dismissed by workers and their supporters as irrelevant. The insolvencies, workers contend, are simply financial excuses concocted by government officials and their wealthy supporters, who object to paying their fair share of taxes, to justify their goal of raising retirement ages and cutting pension benefits.

In addition to higher taxes on the wealthy and large corporations, workers argue that governments have plenty of financial resources at their disposal to permit lowering retirement ages and financing pension programs. Some contend that countries could substantially reduce their defense spending and redirect the substantial savings to retirement pension programs.

Admittedly, it is certainly the case that on average people are living longer than in the recent past and the proportions of elderly are increasing. However, those increases in longevity have not been shared equally across populations.

In general, those with high incomes have experienced longevity gains, while low earners have seen little gain in longevity. Moreover, workers contend that living longer should not translate into working longer and receiving reduced retirement pension benefits.

Both men and women spend decades working at jobs that they don’t particularly enjoy and for bosses they loathe. Many would argue that it only seems fair and reasonable to have several decades available to workers permitting them to do what they desire before they eventually face death. People are largely opposed to working until they are tired, bed ridden and unable to enjoy the remaining years of their life.

It is also the case that women on average live several years longer than men. At age 65, for example, at the global level women live close to three years longer than men. Even larger differences in life expectancy at age 65 between women and men are observed in other countries, such as France and Japan at nearly four and five years, respectively (Figure 1).

 

Source: United Nations.

 

Taking into account those well documented sex differences in longevity, the retirement age for women could be several years greater than that for men, perhaps 57 and 54 years, respectively. Such a difference between women and men would help to ensure gender equality in the number of retirement years.

In addition, neither men nor women should be forced to work beyond the recommended lower official retirement ages for men and women. Of course, exceptions should be permitted and lower official retirement ages should not bar individuals from working in old age if they choose to do so.

Some heads of state, elected officials, government bureaucrats, investors, business owners, academics, the wealthy, entertainers as well as many others are choosing for personal reasons it appears to work beyond official retirement ages. Some current heads of state, for example, are well beyond the official retirement ages of their respective countries with few of their constituents objecting (Figure 2).

 

Source: Author’s compilation.

 

With the world population reaching a record-breaking 8,000,000,000 people, the number of young women and men available to work is the largest ever. Whereas the proportion of the world’s population between ages 18 to 59 was 52 percent in 1950 and numbered 1.3 billion, that proportion increased to 56 percent in 2022 and numbered 4.5 billion.

There’s no denying the fact that the world’s population is older than in the past. Over the past 70 years, the proportion of the world’s population aged 60 years and older has nearly doubled, from 8 percent in 1950 to 14 percent in 2022. However, the increase in the proportion elderly is offset by the decrease in proportion of children below age 18 years from 40 percent in 1950 to 30 percent in 2022 (Figure 3).

 

Source: United Nations.

 

Also, some believe that rapidly improving technologies, including robots, androids and artificial intelligence, can complement and broaden a country’s labor supply. Those technologies are expected to offset reductions in the size of the labor force as people retire at around 55 years of age.

Many governments have enacted or are seriously considering raising retirement ages. Increases in today’s retirement ages are viewed by workers as nothing more than pension benefits cuts.

Proposals for raising retirement ages are viewed by workers as relying on faulty actuarial analyses of bankruptcy, dire warnings of pension insolvency and catchy phrases such as “Vivre plus longtemps, travailler plus longtemps” (“live longer, work longer”).

Moreover, conservative government officials in general are resistant to raising taxes on the wealthy and large corporations. However, many of those officials are favorably disposed to raising retirement ages, which would result in reductions in pension benefits. Also, some government officials have rejected calls to return retirement ages back to 60 years.

In sum, in addition to meeting the wishes of billions of working men and women who want to retire well before reaching old age, lower official retirement ages of approximately 57 years for women and 54 years for men may usher in a “retirement renaissance” that could result in untold benefits to societies worldwide.

Joseph Chamie is a consulting demographer, a former director of the United Nations Population Division and author of numerous publications on population issues, including his recent book, “Population Levels, Trends, and Differentials”.

 

A Plan for the Gulf States to Power a Low-Emissions Revolution

Building renewables plants across the Global South is a preferable alternative to generate fewer emissions — but the international community has to date been unwilling to provide the substantial funding needed to construct this type of additional generation capacity at the level developing countries require. Credit: Isaiah Esipisu/IPS

Building renewables plants across the Global South is a preferable alternative to generate fewer emissions — but the international community has to date been unwilling to provide the substantial funding needed to construct this type of additional generation capacity at the level developing countries require. Credit: Isaiah Esipisu/IPS

By Philippe Benoit
WASHINGTON DC, Mar 27 2023 – This year’s United Nations Climate Change Conference, COP 28, will be hosted by the United Arab Emirates, which, together with its Gulf neighbors, enjoys abundant solar, natural gas and financial resources. At the same time, many poorer countries are struggling to generate the additional affordable electricity they need to power their development — especially as wealthier nations halted their overseas financing for high-emitting coal power plants.

Unfortunately, the UAE and other Gulf states can’t easily export their solar resources to developing countries. However, they can export their natural gas to support affordable low-emissions power production in poorer countries if combined with donor-financed carbon capture, utilization and storage (CCUS)-equipped gas-fired power plants.

The lead-up to COP 28 provides an opportunity to explore this mechanism to support low-emissions economic growth in poorer countries — a “gas for poverty and climate” power proposal.

The decision to build more coal power plants reflects the difficult dilemma faced by many poorer countries: They are the most vulnerable to the impacts of climate change and yet they do not feel they can afford to forestall investing in affordable power generation and the shorter-term economic benefits it provides, even if this means building high-emitting coal power plants

As I noted in an earlier opinion piece, the decisions by the G-7, China and others to halt overseas financing for coal power plants serve important climate goals but do not eliminate developing countries’ need for more electricity at affordable prices. According to a February Reuters report, the Pakistan government has decided, in the face of high and volatile natural gas prices, to pivot from building gas-fired plants to more affordable coal-fired ones notwithstanding the higher emissions.

This shift is all the more unsettling given the devastation Pakistan suffered last year from massive flooding with an intensity potentially exacerbated by climate change.

The decision to build more coal power plants reflects the difficult dilemma faced by many poorer countries: They are the most vulnerable to the impacts of climate change and yet they do not feel they can afford to forestall investing in affordable power generation and the shorter-term economic benefits it provides, even if this means building high-emitting coal power plants.

The upcoming COP 28 context might provide a way out, one that leverages the hosting of the event in the gas-rich Gulf region, with the stated interest of wealthier countries and multilateral development banks to support poorer countries in the energy transition.

The proposal has two basic elements: an undertaking by a Gulf producer to provide natural gas at a preferential low price to new “low-emitting” gas-fired power plants built with concessional climate finance in partnering developing countries.

The preferential pricing builds off of three interrelated Gulf state dynamics: the abundance in the region of gas resources, Gulf programs to contribute to the economic development of poorer countries and efforts to lower emissions from petroleum, such as the application of carbon capture technologies. The sales price would be fixed at a concessional level — e.g., notionally at (or even potentially below) the cost of production, liquefaction and transport, rather than generating typical market returns.

The subsidy embedded in this structure would be recognized as a financial contribution by the gas-supplying country to both international development and global climate efforts. This structure could potentially also be used by wealthy gas countries from other regions, such as possibly Norway, interested in simultaneously supporting development and tackling climate change.

The second element is the use of this natural gas in gas-fired power plants equipped with “carbon capture, utilization and storage” technologies to produce “low-emissions” electricity.

Many countries have looked to expand the use of gas-fired plants in part because they emit less than half the carbon dioxide (CO2) per kilowatt hour (kWh) of a coal plant. But their emissions are still consequential, potentially in the order of 350 grams of CO2/kWh according to one estimate —  a significant level when considering the “net zero emissions” targets put out by various countries or embedded in the climate modeling of the International Energy Agency.

CCUS is one tool to substantially further reduce these emissions by 90 percent or more. The potential result is CO2 emissions per kWh that are so low they might even be termed “near-zero emissions.”

Although CCUS technologies have been developed and tested for many years on power plants, they have yet to be deployed at a large scale. One reason is that they are expensive per ton of reduced CO2 emissions. Consequently, their cost would undermine a developing country’s electricity affordability objective.

To overcome this hurdle, the CCUS-equipped gas-fired plant would need to be financed in large part through highly concessional climate funding, to be provided notably by the international donor community. There may also be an opportunity to tap into carbon markets to fund both capital and operating expenditures given the lower (i.e., avoided) emissions from the CCUS-equipped plant as compared to the alternative of a new coal-fired power plant or a gas-fired one without CCUS.

There are, of course, additional complexities to explore. For example, the plant would need to be able to access reasonably priced options for CO2 use or storage. In addition, the greenhouse gases (including methane) emitted in producing and delivering the natural gas to the plant would need to be limited to ensure the produced electricity remains “low emissions” when considering the full value chain.

Further analysis would also be needed on the pricing and other terms to make this structure attractive for the natural gas supplier, the donor community funding the CCUS-equipped plant and the developing country’s electricity consumers.

Building renewables plants across the Global South is a preferable alternative to generate fewer emissions — but the international community has to date been unwilling to provide the substantial funding needed to construct this type of additional generation capacity at the level developing countries require. And, as noted earlier, the technologies don’t yet exist for the Gulf states to export their abundant solar power resources, notwithstanding current discussions about green hydrogen.

The hosting of COP 28 in the Gulf provides an opportunity to think creatively about how to mobilize the gas resources of that region (and elsewhere) to better support both the development needs of poorer countries and the global climate effort. This COP 28 “gas for poverty and climate” power proposal might provide some elements.

(First published in The Hill on March 8, 2023)

Philippe Benoit has over 25 years of experience working in international energy and sustainability, including prior management positions at the World Bank and the International Energy Agency.  He is currently adjunct senior research scholar at Columbia University’s Center on Global Energy Policy and  research director at Global Infrastructure Analytics and Sustainability 2050.

Climate Resilient Indigenous Crops Underutilised even as Climate Change Threatens to Cripple Food Systems

The potential for indigenous crops and plant species to address hunger remains largely untapped even as extreme weather changes threaten to cripple food systems. Credit: Joyce Chimbi/IPS

The potential for indigenous crops and plant species to address hunger remains largely untapped even as extreme weather changes threaten to cripple food systems. Credit: Joyce Chimbi/IPS

By Joyce Chimbi
NAIROBI, Mar 27 2023 – Elizabeth Njoroge recounts her poverty-stricken upbringing in Ting’ang’a village in the Central part of Kenya, growing up on a diet heavy on Amaranth and pumpkin.

The 45-year-old speaks about the shame of neighbours finding out the frequency with which her family consumed foods associated with poor and extremely food-insecure households.

Terere (Amaranth) grew just like weed. We often sneaked into other people’s farms to pick the vegetable because only poor people ate terere and only babies ate pumpkin. Eating pumpkin as a family was considered a sign of poverty,” she tells IPS.

That was then; today, Zachary Aduda, who is an independent researcher in food security, says people’s understanding and appreciation of indigenous foods has grown.

“Native foods that were previously considered only fit for the very poor and vulnerable have been commercialized because of their documented high nutritional value. They include amaranth, which is also a neutralizer for vegetables that are considered bitter such as the black nightshade, locally known as osuga,” he says.

But as Kenya struggles to be free from the grips of the most severe drought in the last 40 years, he says indigenous foods have not been sufficiently utilized to halt the pace and spread of food insecurity and, more so, in the arid and semi-arid parts of the country.

The drought has resulted in the East African nation being considered seriously food insecure, with severe nutrition vulnerabilities leading to high malnutrition levels and poverty.

A UN food security outlook for October 2022 to January 2023 indicated that the number of people in Kenya facing hunger could reach 4.4 million and that 1.2 million people were projected to have entered the emergency phase and are in urgent need of food support.

The potential, Aduda tells IPS, for indigenous crops and plant species to address hunger remains largely untapped. Kenya, alongside a vast majority of the world, relies heavily on three crops – maize, wheat and rice.

Research by the UN’s Food and Agriculture Organization (FAO) shows that the three crop species meet an estimated 50 percent of the global requirements for proteins and calories.

Hellen Wanjugu, an agriculturalist based in Nyeri County, one of Kenya’s food baskets, says native crops and plant species are not only heavy in nutrition but can withstand ongoing extreme changes in weather patterns.

Take, for instance, amaranth: “It is easy to grow, matures fast and when cooked, very rich in nutrients such as calcium, manganese, Vitamin A, Vitamin C, folate, iron, zinc and potassium.”

Maize, wheat and rice production is buckling under the pressure from extreme climate change and pest infestation. According to the Ministry of Agriculture, the size of farm acreage planted with maize has declined by approximately a quarter in recent years, an alarming development since maize is a staple food crop.

Aduda speaks of inadequate efforts to support resilience interventions around the production of indigenous foods. He says there is too much focus on fertilizers and little to no focus on the difficulties farmers face accessing and multiplying indigenous seeds.

“Every ethnic group in Kenya boasts of its own traditional crops and vegetables in line with the climate of their region. But there is a problem because our smallholder farmers, who are the backbone of our food system, cannot easily access the indigenous seeds they so urgently need,” he says.

Kenya’s smallholder farmers account for at least 70 percent of the country’s production, and their combined output meets an estimated 75 percent of domestic food needs in the country, according to government data.

“But, a vast majority of these farmers rely on informal seeds system. Traditionally, seed saving and sharing among farmers was a very normal and common practice. This way, farmers largely controlled the seeds system, and they were able to grow native species and promote our agricultural biodiversity until a prohibitive law came into place in 2012,” Wanjugu tells IPS.

The Seed and Plant Varieties Act 326 of 2012 was originally established to protect farmers from being duped into buying unregistered or uncertified seeds. Uncertified seeds are often low yielding and easily succumb to changes in weather and pest infestation.

But the 2012 Act also strongly prohibits the sale, exchange and sharing of indigenous seeds in Kenya. A violation of this law could lead to up to two years in jail, a fine of up to $10,000 or both.

A group of farmers are currently in court with a public interest litigation towards the amendment of the seeds law to allow the saving and sharing of indigenous seeds to boost the production of indigenous foods.

As it is now, farmers are required to buy seeds every planting season, which has placed the cost of farm input beyond the reach of many peasant farmers.

Wanjugu says the seeds law has removed the control of seeds from the hands of farmers and into the hands of multinational corporations, who are slowly dictating what farmers can grow because of the high seed prices.

Exotic vegetables such as cabbages and kale now account for about three-quarters of the total vegetables consumed in Kenya, she added.

She says this aligns with UN research that shows while more than 7,000 wild plants have been documented wild worldwide, either grown or collected, less than 150 of these species have been commercialised. Out of these wild plant species, the world’s food needs are met by only 30 plant species.

“Today, food recipes for indigenous species are available from reputable institutions and organizations such as FAO. Native species taste much better than exotic plants and are more nutritious, but farmers lack the capacity to fully lean on indigenous plant species to meet our food needs,” she emphasizes.

Aduda speaks of Kenya’s recent entry into the era of GMOs after the lifting of a 10-year ban, which he says has created debates that are moving the country further and further away from the critical issues facing farmers today.

He stresses that using indigenous knowledge and seeds, supporting farmers to overcome water stresses, deploying sufficient agricultural extension officers as it were many years ago, and improving connectivity between farm and market will produce the silver bullet to build a food-secure nation.

IPS UN Bureau Report

 


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Africa’s Dark Road to Democracy

The Kenyan capital Nairobi. Credit: UN-Habitat/ /Julius Mwelu

By Gabriel Odima
MINNESOTA, USA, Mar 27 2023 – The dark road to democracy began with the manner in which the Kenyan Presidential election of August 2022 was handled. Today, the Church in Kenya is calling for dialogue between the ruling regime and the opposition. The issue here is not about dialogue, but the legitimacy of the President William Ruto. The situation in Kenya reminds me of a similar situation in Rwanda in early 90s.

In 1994, the World Council of Churches, the Lutheran World Federation and Africa Council of Churches sent a combined mission to Rwanda. The mission’s findings reported that ” the churches in Rwanda have been discredited by aligning themselves far too much with the former Hutu dominated regime and its tribal politics”.

According to the report, one member of the mission stated, ” In every conversation we had with the government and the church people alike, the point was brought home to us that the church itself stands tainted not by passive indifference but errors of commission as well”. Unfortunately, the church in Kenya today is aligning themselves with the ruling regime.

The Kenyan Tragedy

Seven months after Presidential election in Kenya, every organization, institution and government which had kept silent as if the Kenyan Presidential election were free and fair began to speak. The current crisis in Kenyan could have been prevented.

The attitude adopted by African Union (AU), the international community, governments, international press and human rights organizations after last year’s presidential election made the current situation in Kenya inevitable. In a democracy, except with his own consent, no person shall be hindered in the enjoyment of his or her rights to assemble freely and associate with other persons or to impart ideas.

The Kenyan regime has to come to terms with this realty.

In the 21st century, the forces against the development and sustenance of democracy and the enjoyment of human rights by the citizens of Africa are strong and powerful. A political map of Africa to show states ruled by the gun and states ruled by the ballot, if made, will show only a handful of the latter. Such map will not. however, show the real human tragedy which the gunmen and their supporters and apologists have wrought the African peoples.

In Africa, oppressive regimes, and most of those regimes are illegitimate like the case of Kenya today, is the driving force of conflict. The use of the gun like the current situation in Kenya today is only a short- term remedy and also creates a chain reaction to the problem.

Promoting democracy in Africa does not only serve moral interests of the United States of America but it helps to prevent war, reduce the influx of refugees. Preventing wars in Africa and creating a peaceful democratic society is cheaper than fighting wars.

When General MacArthur conquered Japan, he wrote a new constitution for the people of Japan. This constitution became the pillar of Japanese democracy. The United States and other nations of Western Europe helped Japan build its economy.

Today, Japan is the leading economic power house in Asia. If this worked for Japan, a nation without natural resources, how about Africa with abundant natural resources? General MacArthur did not do it alone, but it took the commitment on part of the Japanese people to rebuild their nation.

In the case of Kenyan’s current crisis, it is important to address the issue Hon. Raila Odinga has raised about the server to bring transparency in the election process. Kenyan people need to address the issue of accountability, corruption and transparency.

The policy makers in Washington should revive an effective policy that will enforce political reforms and curb electoral malpractices across Africa. Overhaul bilateral relationships with individual countries and attached conditions to U.S. foreign aid.

Such conditions should include human rights violations, political reforms, electoral reforms, accountability, good governance and transparency. Washington should emphasize respect of territorial integrity of each nation. No country in Africa should have the power to invade another country for selfish interests. A civilized nation cannot engage in military coups, rebel activities, political assassinations and massive human rights violations.

The United States has a responsibility to promote democracy and good governance across the continent of Africa. For any democracy to develop and mature there should be accountability, transparency and an effective constitution which reflects the will of the people and allows political freedom such as (a) Freedom of speech and expression, which includes freedom of the press and other media. (b) Freedom to assemble and to demonstrate together with others peacefully and unarmed and to petition. (c) Freedom of association which shall include the freedom to form and join associations or unions, including trade unions and political and other civic organizations.

Rev. Gabriel Odima is President & Director of Political Affairs, Africa Center for Peace & Democracy, White Bear Lake, MN 55110 USA
E-mail: africacenterpd@aol.com

IPS UN Bureau

 


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