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ECG IMPORTANT DEADLINE: ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Everus Construction Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – ECG

NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) —

WHY:  Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Everus Construction Group, Inc. (NYSE: ECG) between October 31, 2024 and February 11, 2025, both dates inclusive (the “Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the spinoff of Everus Construction on or about October 31, 2024 (the “Spinoff”), of the important June 3, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Everus Construction common stock during the Class Period and/or held MDU Resources common stock and acquired Everus Construction common stock in connection with the Spinoff 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 Everus Construction class action, go to https://rosenlegal.com/submit–form/?case_id=37947 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] 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 June 3, 2025. 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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Everus Construction’s backlog conversion cycle had become elongated due to larger, more complex projects; (2) as a result, Everus Construction’s revenue recognition would be delayed; and (3) as a result of the foregoing, defendants’ positive statements about Everus Construction’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Everus Construction class action, go to https://rosenlegal.com/submit–form/?case_id=37947 call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] 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 or 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
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9457349)

Informations sur le nombre total de droits de vote et d'actions

Informations sur le nombre total de droits de vote et d'actions

Mont–Saint–Guibert (Belgique), le 23 mai 2025, 22:30h CET / 16:30h ET – Conformément à l'article 15 de la loi du 2 mai 2007 relative à la publicité des participations importantes, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publie les informations ci–dessous suite à l'émission de nouvelles actions.

  • Capital: EUR 6.430.026,16  
  • Nombre total de titres avec droits de vote: 37.429.265 (tous des actions ordinaires)
  • Nombre total de droits de vote (= dénominateur): 37.429.265 (tous liés aux actions ordinaires)
  • Nombre de droits de souscrire à des titres avec droits de vote non encore émis: 2.854.068 (tous des droits de souscription octroyés; ce nombre exclut 478.057 droits de souscription émis mais pas encore octroyés)

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Contact:
Nyxoah
John Landry, CFO
[email protected]

Pièce jointe


GLOBENEWSWIRE (Distribution ID 1001098582)

Information on the total number of voting rights and shares

Information on the total number of voting rights and shares

Mont–Saint–Guibert (Belgium), May 23, 2025, 10:30 pm CET / 4:30 pm ET – In accordance with article  15 of the Law of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publishes the below information following the issue of new shares.

  • Share capital: EUR 6,430,026.16
  • Total number of securities carrying voting rights: 37,429,265 (all ordinary shares)
  • Total number of voting rights (= denominator): 37,429,265 (all relating to ordinary shares) 
  • Number of rights to subscribe to securities carrying voting rights not yet issued: 2,854,068 (all granted subscription rights; this number excludes 478,057 subscription rights that were issued but not yet granted)

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Contact:
Nyxoah
John Landry, CFO
[email protected]

Attachment


GLOBENEWSWIRE (Distribution ID 1001098582)

VTRS IMPORTANT DEADLINE: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Viatris Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – VTRS

NEW YORK, May 23, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Viatris Inc. (NASDAQ: VTRS) between August 8, 2024 and February 26, 2025, both dates inclusive (the “Class Period”), of the important June 3, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Viatris securities 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 Viatris class action, go to https://rosenlegal.com/submit–form/?case_id=36783 call Phillip Kim, Esq. at 866–767–3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 3, 2025. 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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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, during the Class Period, defendants provided investors with material information concerning the failed inspection of Viatris’ Indore, India facility. Defendants’ statements, albeit made months after the initial inspection and defendants’ initiation of remediation efforts included, among other things, the disclosure of the FDA’s issuance of a warning letter and import alert which would prevent Viatris from shipping eleven products from the Indore facility, though four of such were exempt from the limitations (the “Warning Letter”). Defendants routinely referred to the impact of the Warning Letter as a mere “minor headwind” for Viatris.

Further, defendants provided these disclosures to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state impact of the Warning Letter on Viatris’ financials. Notably, defendants did not disclose precisely when the inspection occurred, how long the remediation efforts had been implemented, or the financial impact of the existing and continued remediation efforts. Defendants further notably failed to disclose which products were subject to the FDA Warning Letter, which products were subject to exemptions, and the significance of the restricted products with respect to Viatris’ existing financials and future projections, and for which Viatris believed it would obtain exemptions. Such statements, absent these material facts, caused Plaintiff and other shareholders to purchase Viatris’ securities at artificially inflated prices. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Viatris class action, go to https://rosenlegal.com/submit–form/?case_id=36783 or call Phillip Kim, Esq. at 866–767–3653 or email [email protected] for more information.

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
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9457345)

Falcon signe un accord de trois ans avec le Toll Group pour la fourniture de hangars et de services d’assistance internationale en vol

DUBAÏ, Émirats arabes unis, 23 mai 2025 (GLOBE NEWSWIRE) — Falcon, filiale d’Alex Group Investment, vient d’être sélectionnée par le Toll Group pour assurer l’installation de hangars aux Émirats arabes unis ainsi que la fourniture de services d’assistance en vol sur des lignes internationales dans le cadre d’un accord de trois ans lié à ses opérations gouvernementales et de défense.

L’accord porte sur le stationnement à long terme d’un Saab 340, un avion bimoteur couramment utilisé pour les trajets de courte distance et les missions gouvernementales. Avec 13 705 mètres carrés d’espace et un accès 24 h/24 et 7 j/7, le hangar Falcon Technic est l’un des plus grands hangars privés des Émirats arabes unis et peut facilement accueillir plusieurs avions à la fois. C’est également là que se trouve l’équipe d’experts en maintenance de Falcon, expérimentée dans le soutien d’opérations aéronautiques complexes.

Outre la fourniture de hangars, Toll collabore également avec l’équipe chargée des opérations d’assistance en vol de Falcon pour ses missions à l’échelle internationale, reconnaissant l’intérêt de confier la gestion de l’ensemble des services à un seul et même prestataire. Ces services comprennent la gestion de la planification des vols, l’obtention des autorisations, la gestion des services au sol, l’assistance aux passagers et à l’équipage, ainsi que la coordination du ravitaillement en carburant. La centralisation de ces services permet de prendre des décisions plus rapides, de réduire les retards et de faciliter les opérations, quelle que soit la destination de l’avion.

M. Sultan Rashit Abdulla Rashit Al Shene, fondateur et président d’Alex Group Investments, a déclaré :
« Nous sommes fiers de soutenir une entreprise aussi réputée que Toll. Dans les secteurs de l’administration et de la défense, la confiance repose sur la maîtrise, la rapidité et la clarté des processus. Grâce à des procédures rigoureuses, à une équipe qualifiée et à un soutien opérationnel complet, Falcon garantit la fiabilité requise pour ces missions ».

À propos de Falcon

Falcon est un prestataire de services aéronautiques de premier plan, offrant un guichet unique pour tous vos besoins en matière d’aviation. Pour en savoir plus, veuillez consulter flyfalcon.com, Instagram et LinkedIn

À propos du Toll Group

Toll ne se contente pas de fournir des services logistiques, elle déplace les entreprises qui font évoluer le monde. Forte de son équipe de 14 000 professionnels, Toll est en mesure de relever tous les défis liés à la logistique, au transport ou à la chaîne d’approvisionnement, qu’ils soient petits ou grands. Depuis plus de 130 ans, Toll accompagne ses clients avec dévouement et expertise. Aujourd’hui, l’entreprise sert plus de 20 000 clients à travers le monde, opère sur 500 sites dans 29 marchés, et dispose d'un réseau d'expédition couvrant 150 pays. Toll est fière d’appartenir à Japan Post. 

Pour en savoir en plus, consultez le site www.tollgroup.com.

Demandes médias

Ines Nacerddine
Directrice marketing – Aviation
Alex Group Investment
E–mail : [email protected]

Une photo annexée au présent communiqué est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/88610b73–500b–453f–9d8d–190fafa452f9


GLOBENEWSWIRE (Distribution ID 1001098663)

Falcon unterzeichnet Dreijahresvertrag mit der Toll Group über Hangarierung und weltweite Flugunterstützung

DUBAI, Vereinigte Arabische Emirate, May 23, 2025 (GLOBE NEWSWIRE) — Falcon, ein Unternehmen der Alex Group Investment, wurde von der Toll Group ausgewählt, um im Rahmen eines Dreijahresvertrags Hangar–Services in den Vereinigten Arabischen Emiraten und weltweite Flugunterstützung für deren Regierungs– und Verteidigungsoperationen zu erbringen.

Der Vertrag umfasst die Langzeitparkung einer Saab 340, eines zweimotorigen Flugzeugs, das üblicherweise für Kurzstreckenflüge und staatliche Missionen eingesetzt wird. Mit einer Fläche von 13.705 Quadratmetern und einer Verfügbarkeit rund um die Uhr ist der Falcon Technic Hangar einer der größten privaten Flugzeughangars in den Vereinigten Arabischen Emiraten und bietet Platz für mehrere Flugzeuge gleichzeitig. Hier ist auch das kompetente Wartungsteam von Falcon ansässig, das über umfangreiche Erfahrung in der Unterstützung komplexer Flugzeugoperationen verfügt.

Neben Hangar–Services arbeitet Toll auch mit dem Flugbetreuungsteam von Falcon für dessen weltweite Einsätze zusammen, da es die Vorteile einer Abwicklung aller Dienstleistungen durch einen einzigen Anbieter schätzt. Dazu gehören die Flugplanung, die Einholung von Genehmigungen, die Abwicklung der Bodendienste, die Betreuung von Passagieren und Besatzung sowie die Koordination der Treibstoffversorgung. Die Zentralisierung dieser Dienste ermöglicht schnellere Entscheidungen, weniger Verzögerungen und einen reibungsloseren Ablauf unabhängig vom jeweiligen Flugziel.

Sultan Rashit Abdulla Rashit Al Shene, Gründer und Vorsitzender der Alex Group Investment, dazu:
„Wir sind stolz darauf, ein etabliertes Unternehmen wie Toll zu unterstützen. In der Regierung und im Verteidigungsbereich basiert Vertrauen auf Kontrolle, Schnelligkeit und klaren Prozessen. Mit soliden Verfahren, einem kompetenten Team und umfassender operativer Unterstützung bietet Falcon die Zuverlässigkeit, die diese Missionen erfordern.

Über Falcon

Falcon ist ein führender Anbieter von Luftfahrtdienstleistungen und bietet Ihnen alles aus einer Hand für Ihre gesamten Luftfahrtanforderungen. Erfahren Sie mehr unter flyfalcon.com, Instagram und LinkedIn

Über die Toll Group

Toll leistet mehr als nur Logistik – Toll bewegt die Unternehmen, die die Welt bewegen. Mit einem Team von 14.000 Fachkräften ist Toll bestens aufgestellt, um jede logistische, transportbezogene oder supply–chain–bezogene Herausforderung zu bewältigen – unabhängig von ihrer Größe. Seit mehr als 130 Jahren unterstützt Toll seine Kunden mit Engagement und Fachkompetenz. Heute bedient das Unternehmen mehr als 20.000 Kunden weltweit, ist an 500 Standorten in 29 Märkten tätig und verfügt über ein Speditionsnetzwerk, das 150 Länder umfasst. Toll ist ein Unternehmen der Japan Post. 

Weitere Informationen finden Sie unter www.tollgroup.com.

Medienanfragen

Ines Nacerddine
Director of Marketing – Luftfahrt
Alex Group Investment
Email: [email protected]

Ein Foto zu dieser Mitteilung finden Sie unter https://www.globenewswire.com/NewsRoom/AttachmentNg/88610b73–500b–453f–9d8d–190fafa452f9


GLOBENEWSWIRE (Distribution ID 1001098663)

Falcon assina contrato de três anos com o Toll Group para serviços de hangar e suporte de voo global

DUBAI, Emirados Árabes Unidos, May 23, 2025 (GLOBE NEWSWIRE) — A Falcon, parte do Alex Group Investment, foi selecionada pelo Toll Group para fornecer serviços de hangar nos Emirados Árabes Unidos e suporte de voo em todo o mundo em um contrato de três anos relacionado às suas operações governamentais e de defesa.

O acordo abrange o estacionamento de longo prazo de um Saab 340, uma aeronave bimotora comumente usada para viagens de curta distância e missões governamentais. Com 13.705 metros quadrados de espaço e acesso 24 horas por dia, 7 dias por semana, o hangar Falcon Technic é um dos maiores hangares privados de aeronaves nos Emirados Árabes Unidos e pode acomodar facilmente várias aeronaves ao mesmo tempo. O local também abriga a equipe de manutenção especializada da Falcon, com experiência no suporte a operações complexas de aeronaves.

Além dos serviços de hangaragem, a Toll também está trabalhando com a equipe de operações de suporte de voo da Falcon para suas missões globais, reconhecendo a conveniência de ter todos os serviços gerenciados por um único fornecedor. Isso inclui gerenciar o planejamento de voos, garantir permissões, lidar com serviços em solo, dar suporte a passageiros e tripulantes, além de coordenar o combustível. A centralização desses serviços permite decisões mais rápidas, menos atrasos e operações mais eficientes, independentemente do destino da aeronave.

O Sr. Sultan Rashit Abdulla Rashit Al Shene, fundador e presidente do Alex Group Investment, declarou:
“Temos orgulho de apoiar uma empresa estabelecida como a Toll. No setor governamental e de defesa, a confiança é construída com base no controle, na agilidade e em processos claros. Com procedimentos sólidos, uma equipe qualificada e suporte operacional completo, a Falcon oferece a confiabilidade que essas missões exigem.”

Sobre a Falcon

A Falcon é uma fornecedora de serviços de aviação de excelência, oferecendo uma solução completa para todas as suas necessidades na aviação. Saiba mais em flyfalcon.com, Instagram e LinkedIn

Sobre o Toll Group

A Toll vai além da logística – ela impulsiona os negócios que movimentam o mundo. Com uma equipe de 14.000 profissionais, a Toll está equipada para resolver qualquer desafio de logística, transporte ou cadeia de suprimentos, grande ou pequeno. Há mais de 130 anos, a Toll apoia seus clientes com dedicação e experiência. Atualmente, a empresa atende a mais de 20.000 clientes em todo o mundo, operando em 500 instalações em 29 mercados, com uma rede de expedição que abrange 150 países. A Toll é orgulhosamente parte do Japan Post. 

Saiba mais em www.tollgroup.com.

Informações para a mídia

Ines Nacerddine
Diretora de Marketing – Aviação
Alex Group Investment
E–mail: [email protected]

Uma foto que acompanha este anúncio está disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/88610b73–500b–453f–9d8d–190fafa452f9


GLOBENEWSWIRE (Distribution ID 1001098663)

The 4th Hunan Tourism Development Conference to be held in Yueyang, Hunan from May 24 to 26

YUEYANG, China, May 23, 2025 (GLOBE NEWSWIRE) — The opening ceremony and cultural tourism promotion conference of the 4th Hunan Tourism Development Conference will kick off at Baling Square in Yueyang, Hunan on the evening of May 25. With the slogan “Three Xiang and Four Waters, Meet in Hunan. Magnificent Rivers and Lakes, Yueyang Under Heaven”, the conference keeps up with the trend of the times, deeply excavates the connotation of Huxiang culture, and focuses on the new needs and expectations of the public for tourism. It schedules to hold 3 main activities and 5 supporting activities.

The 4th Hunan Tourism Development Conference will be held in Yueyang, Hunan from May 24 to 26.

 A Media Snippet accompanying this announcement is available in this link.

Known as “Baling” in ancient times, Yueyang city is a historical and cultural city with profound humanities and beautiful scenery. It integrates famous mountains, rivers, towers, celebrities, and literary works, serving as one of the important birthplaces of Chinese culture and a renowned tourist destination at home and abroad.

Currently, Yueyang is firmly grasping the “historical IP” of Yueyang Tower. With Yueyang Tower – Dongting Lake as the core, it connects four ecological calling cards: “The Smile of Finless Porpoises”, “The Graceful Shadow of Elks”, “The Song of Migratory Birds”, and “The Cuteness of Pandas”, forming a full – domain ecological cultural tourism matrix of “core IP + multiple scenarios”. In recent years, characteristic activities such as the “International bird – watching festival” and “Reed art festival” have become popular, and tourist attractions like “Dongting Lake Town” and “Yangsha Lake International tourism resort” are bustling with visitors.

Taking advantage of the 4th Hunan Tourism Development Conference, Yueyang has incorporated the cultural and tourism industry into the “three advantageous industries” of the city's “1+3+X” modern industrial system, and the cultural and tourism industry has entered a fast lane of development, attracting visitors from all over to the banks of Dongting Lake to view the “Splendid Scenery of Baling” and experience “poetry and distance”.

Source: The Organizing Committee of 4th Hunan Tourism Development Conference


GLOBENEWSWIRE (Distribution ID 9457164)

The Children of Gaza Deserve Their Humanity – Their Education Cannot Wait

By Yasmine Sherif
NEW YORK, May 23 2025 (IPS-Partners)

22 May 2025, New York – In the past two months alone, more than 950 children have reportedly been killed in strikes across the Gaza Strip. That’s 15 children every day who lose their lives in this horrific conflict. Those who survive face the risk of famine, illness, and the collapse of essential services, including education.

As the global fund for education in emergencies and protracted crises in the United Nations, Education Cannot Wait (ECW) stands ready with our partners to support the delivery of mental health and psychosocial services as part of our education in emergency response to the children who have suffered so much over the past 19 months. Today, no child is safe in Gaza.

The education system is in ruins. Since the onset of hostilities, more than 95% of schools in Gaza have been partially or completely destroyed and 88% will require significant reconstruction before they can function, according to the Global Education Cluster.

More than 658,000 children are out of school – they are deeply traumatized, have lost their homes and their loved ones, and are living a daily life of extremely painful survival.

As UNICEF recently stated: “The daily suffering and killing of children must end immediately.”

For the well-being of children to be protected, safe access to education must urgently be restored. Even amidst the destruction, Gaza’s families, teachers and local organizations are doing what they can to mitigate the enormous impact on children, including limited learning activities where conditions allow. Through ECW’s support to partners on the ground, we must help these innocent children.

But this is far from being enough to meet the needs of the entire population of school-aged girls and boys. To scale up urgent education support, a ceasefire is crucially needed. We call for:

    • An end to hostilities and respect for international humanitarian law by all parties
    • Safe, unimpeded humanitarian access
    • The immediate release of all hostages
    • Protection of civilians and civilian infrastructure, including schools

As Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, said in his statement to the UN Security Council: “Our response as humanitarians is to make a single ask of the Council: let us work. The UN and our partners are desperate to resume humanitarian aid at scale across Gaza, in line with the fundamental principles of humanity, impartiality, independence and neutrality.”

Where children suffer excruciating pain, nothing can wait. Yet, the children in Gaza are desperately waiting for a response to this single ask.

 


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Excerpt:

Statement by Education Cannot Wait Executive Director Yasmine Sherif on the need for life-saving education in Gaza

Economic Growth is the Wrong Metric for Our Time

Indonesia’s largest coal mining company in operation. Even “green” energy requires destructive mining for trace minerals. Credit: Dominik Vanyi

By Kirsten Stade and Alan Ware
SAINT PAUL, Minnesota, May 23 2025 – As the United States lurches toward isolationism and authoritarianism, its political problems are now bleeding into pocketbook anxieties that Trump’s policies will torpedo economic growth, both domestically and globally.

The UN forecasts a slowdown in global economic growth due to Trump’s destructive tariff and trade policies. Though stocks rallied as the US suspended some tariffs, and some analysts are spinning the numbers positively, economic growth signals have turned decidedly negative.

US GDP shrank 0.3% in the first quarter. Moody’s downgraded the United States’ credit rating citing burgeoning US debt and an unfavorable debt-to-GDP ratio.

In most countries, GDP is an indicator of a society’s success — even though it includes things like military expansion, oil spill cleanups, and prison construction. Growthism goes mostly unchallenged and passes for a rational guiding principle for governance and proxy for human well-being.

Yet it ignores important things like climate change, biodiversity collapse, and pollution which are the consequences of endless economic growth, and which threaten the survival of humanity and the millions of species with whom we share this planet.

Economic growth is not just failing as an indicator of human progress. It is failing as an indicator of economic health. The vast majority of economic growth in recent years has accrued to the top 1%. Meanwhile rates of growth in rich countries have been slowing for decades while global debt continues to rise more rapidly.

Understanding why requires understanding the central role of cheap energy in modern civilization. Roads, bridges, sewers, airports, and the electrical grid were all constructed on the back of cheap energy and materials.

With the discovery and extraction of fossil fuels 200 years ago began the modern industrial era, and a frenzy of human enterprise that would not have otherwise been possible.

Now maintenance of all this infrastructure has come due. Those roads, bridges, sewer and water systems are disintegrating and require expensive and ongoing maintenance, on top of new construction to provide for growing populations and economies. But the energy and materials required for all this are no longer as easy to come by.

Skyrocketing debt is a claim on future resources, as all economic activity is dependent on minerals, wood, clean water, and of course fossil fuels that are increasingly scarce and expensive.

Growing risks of climate catastrophes add further to escalating costs, as skyrocketing homeowners insurance adds to the cost of housing. Against this backdrop, prospects for continued economic growth look bleak indeed.

These realities are largely absent from mainstream discourse about economic growth, suffocated under endless proclamations of faith in human ingenuity. Growth proponents are fond of invoking a seamless “green energy transition” without acknowledging that electricity is only 20% of global energy demand, and essential building blocks of growth – steel, cement, fertilizer, and plastics – are manufactured using fossil fuels in processes that cannot be decarbonized at scale.

Renewable technologies themselves require vast amounts of these materials in their construction, along with trace minerals like lithium, cobalt, and other metals whose mining ravages ecosystems, pollutes water, exploits child labor, and requires massive inputs of fossil fuel energy.

Renewables boosters fail to acknowledge that with constant population growth there has never been an energy transition, only energy addition. Even as uptake of “renewable” technologies has expanded since 2000, global coal use went up by 80% over the same period.

Rather than deal with this, growth enthusiasts espouse boundless faith in human innovation. But innovation is slowing according to many measures, and has done little to change the cost of life’s essentials: food, housing, transportation, health care, and education have proven remarkably resistant to breakthroughs that would lower prices or improve quality. As one of Donald Trump’s favorite growth proponents, Peter Thiel, argues, we’re seeing innovation in bits, not atoms.

AI is perhaps the last bastion of hope for continued economic growth, with allegedly unlimited potential for finding new sources of energy and driving production while minimizing capital and labor costs. For all the hype, though, real breakthroughs in materials and energy remain to be seen from AI, which is simply a means to turbocharge extraction of finite materials that will still run out, only sooner.

Meanwhile, AI data centers guzzle fossil fuel energy and require billions of gallons of water to cool all that frenetic digital activity.

No doubt there are still some ways we can squeeze a bit more economic growth out of a system already in ecological overshoot and demanding more of the planet than it has to give or can regenerate. But further growth will require further ravaging nature and the world’s poor, already pushed to the brink.

Is that truly the best path to improve human well-being, especially for the most impoverished who are the most directly impacted by further exploiting and depleting the land, water, trees and minerals?

Ultimately, the question is not how we can tweak the growth system to prolong it indefinitely. It is whether we will face disaster brought on by economic and environmental collapse and all its consequent human suffering, and to make the choice to shrink our population and economy.

It’s whether we are wise enough to choose simplicity over excess and relationships over commodities. Continued economic growth benefits the few already at the top, but conscious, gradual contraction enables the basics of a good life for all. The choice should be clear.

Kirsten Stade is a conservation biologist and Lead Writer at the NGO Population Balance. Alan Ware is a researcher and writer who cohosts Population Balance’s OVERSHOOT podcast.

IPS UN Bureau

 


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