Fintech PR
CGTN: How China contributes to global poverty reduction, drives modernization with developing nations
BEIJING, Nov. 19, 2024 /PRNewswire/ — John Kimani, an expert from the Kenya Agricultural and Livestock Research Organization, is enthusiastic about the potential of a new type of rice developed by China to make a new contribution to food security and the fight against poverty in his homeland.
Kimani, who is in charge of the rice fields, said the new rice can yield up to 7.5 tonnes per hectare, more than doubling the output of traditional Kenyan varieties. The new rice variety is expected to be approved in Kenya this year and bring new hope of attaining food self-sufficiency to this African country, where over 80 percent of its rice is imported.
In recent years, China has assisted African countries in poverty reduction and supported the two sides in carrying out poverty reduction exchanges and cooperation, bringing tangible benefits to the local people.
China will always be a reliable long-term partner of fellow developing countries and a doer and go-getter working for the cause of global development, Chinese President Xi Jinping said on Monday while delivering a speech during the first session of the 19th G20 Summit in Rio de Janeiro, Brazil.
“A single flower does not make spring. China wants to see a hundred flowers in full blossom and will go hand in hand with fellow developing countries toward modernization,” Xi said.
Aiding global poverty reduction
To date, China has lifted nearly 800 million of its people out of extreme poverty, meeting the poverty reduction target of the UN’s 2030 Agenda for Sustainable Development ahead of schedule.
To tackle poverty, China has made targeted policies tailored to each village, household, and person and facilitated growth by vigorously channeling talent, funds, and technologies to underdeveloped regions. It also helped localities generate growth by fostering industries with distinctive features and upgrading infrastructure, all based on their own conditions.
“If China can make it, other developing countries can make it too. This is what China’s battle against poverty says to the world,” Xi said.
While committed to eradicating poverty at home, China has collaborated with other countries to reduce poverty worldwide, fostering a global community with a shared future for mankind.
In Africa, China has set up and implemented 47 poverty reduction and agricultural projects, trained close to 9,000 agricultural personnel, shared over 300 advanced and applicable technologies, and benefited over 1 million smallholders under the poverty reduction and agricultural development program.
China also actively helps developing countries improve their infrastructure and strengthen connectivity, promoting local economic and social development.
According to a CGTN poll, 91.4 percent of respondents agree that China is a strong force in promoting the development, revitalization and shared prosperity of Global South countries.
There should be more bridges of cooperation and less “small yard, high fences” so that more and more developing countries will be better off and achieve modernization, Xi said at the summit.
China’s actions
Closely linking its own development with shared global development, China has always been an active advocate, staunch promoter and continuous contributor to global poverty reduction.
To boost South-South cooperation, China has upgraded the Global Development and South-South Cooperation Fund, increasing its capital to $4 billion. The total number of global development projects established has surpassed 1,000, with over 500 projects completed or currently in implementation.
Calling for moving toward modernization with fellow developing countries, Xi outlined China’s eight actions for global development, covering areas such as pursuing high-quality Belt and Road cooperation, supporting development in Africa, and supporting the G20 in carrying out practical cooperation for the benefit of the Global South.
Xi said the $20 billion in development funds will continue to be put to good use to support developing countries and deepen practical cooperation in areas such as poverty reduction, food security and the digital economy.
He said China has decided to join the Global Alliance Against Hunger and Poverty and voiced support for the G20 in continuing to convene the Development Ministerial Meeting.
Xi has also announced the decision to give all least developed countries with diplomatic relations with China zero-tariff treatment for 100 percent tariff lines. From now to 2030, China’s imports from other developing countries are likely to top $8 trillion.
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-how-china-contributes-to-global-poverty-reduction-drives-modernization-with-developing-nations-302309266.html
LONDON, Nov. 19, 2024 /PRNewswire/ — DeFinity Markets®, the first full-stack institutional digital asset matching and settlement platform for fiat and digital assets, is thrilled to announce their integration of Chainalysis, the blockchain data platform. This marks a pivotal moment for DeFinity Markets’ risk management and compliance capabilities.
Chainalysis enjoys international acclaim for its blockchain analytics and data offerings, software, and services. Serving a diverse clientele spanning government agencies, cryptocurrency exchanges, financial institutions, insurance providers, and cybersecurity firms across more than 70 countries, Chainalysis has been instrumental in solving high-profile criminal cases and enhancing secure consumer access to digital assets.
By seamlessly integrating KYT, the real-time transaction monitoring solution by Chainalysis, into its platform, DeFinity Markets is committed to equipping its compliance team with robust risk management tools. This integration is set to bolster transparency and fortify security within the digital asset landscape, aligning with DeFinity’s unwavering dedication to fostering equitable and transparent trading practices.
DeFinity clients have the privilege of utilising Chainalysis’ compliance solutions, enabling real-time monitoring and assessment of digital asset transactions to ensure strict adherence to regulatory protocols.
Chainalysis’ cutting-edge technology augments DeFinity’s security architecture, which provides a fortified shield for user data and assets against potential threats and vulnerabilities.
DeFinity’s unwavering commitment to nurturing trust and transparency in the digital asset realm is an imperative facet for institutional investors.
In expressing enthusiasm about this collaboration, Chris Park, Chief Risk Officer at DeFinity Markets, remarked, “We are thrilled to bring cutting-edge compliance solutions to our users operating within the dynamic digital asset market. This integration seamlessly aligns with our mission to provide transparency and security to our esteemed institutional clients. With the wealth of expertise that Chainalysis brings to the table, we are poised to strengthen our position as the preeminent venue for institutional Digital Asset traders.”
Alex Cable, VP North EMEA, Chainalysis: “In today’s dynamic cryptocurrency landscape, trust and security are paramount. DeFinity Markets is on a mission to uphold high standards of compliance and risk management. By leveraging blockchain’s inherent transparency, they are able to provide a secure and reliable platform for their clients.”
About Chainalysis
Chainalysis is the blockchain data platform, making it easy to connect the movement of digital assets to real-world services. Organizations can investigate illicit activity, manage risk exposure, and develop innovative market solutions with deep blockchain data insights. Our mission is to build trust in blockchains, blending safety and security with an unwavering commitment to growth and innovation.
For more information, visit www.chainalysis.com.
About DeFinity Markets
DeFinity Markets® is the Institutional Standard in Digital Assets Trading and fiat rails. DeFinity is built on institutional-grade technology offering unprecedented digital assets market access to globally leading Financial Institutions seeking to diversify their portfolio. The DeFinity management team has applied decades of knowledge of traditional financial markets to create the DeFinity ECN with direct market access. Platform participants can transact fiat FX trades with the digital asset’s component completed on the DeFinity ECN. The ECN is custody-agnostic and provides FIX API access, a standardized rulebook powered by an embedded AML/KYC framework. We aggregate quotes from market makers on which qualified clients can transact digital assets. DeFinity offers access to liquidity across all major digital assets, including stable coins. The DeFinity ECN supports fiat currencies including GBP, EUR, USD crosses supported by an integrated fiat on and off-ramp gateway.
For further information, please visit: www.DeFinitymarkets.com.
Contact
Media Room DeFinity Markets
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/definity-markets-enhances-digital-asset-security-with-chainalysis-kyt-302308872.html
Fintech PR
3 million[¹] Brits face ‘energy poverty’ as over a third dip into savings to cover bills this winter: Aira Reports
![3-million[¹]-brits-face-‘energy-poverty’-as-over-a-third-dip-into-savings-to-cover-bills-this-winter:-aira-reports](https://thefintechbuzz.com/wp-content/uploads/2024/11/56932-3-million38-brits-face-energy-poverty-as-over-a-third-dip-into-savings-to-cover-bills-this-winter-aira-reports.png){kind=small}
- 65% of UK homeowners are significantly impacted by rising energy costs with 34% dipping into their savings to pay for energy bills
- A generation of ‘eco-curious’ consumers are demonstrating a new interest in living more sustainably, yet perceptions of high upfront costs are preventing 57% of people from considering a heat pump
- Heat pumps have already cut CO2 emissions by 8 million tonnes[2] with the potential to save households up to 25% on heating costs
LONDON, Nov. 19, 2024 /PRNewswire/ — A new report by clean energy-tech company, Aira reveals that 65% of UK homeowners[3] are significantly impacted by rising energy costs, proving the critical need to shift towards more sustainable and cost saving heating solutions.
The risk of ‘energy poverty’ – when a household has to reduce its energy consumption to a degree that it has a negative impact on an individual’s health and wellbeing – has been quietly growing throughout the cost-of-living crisis, with over a third (34%) of UK homeowners having to dip into savings to pay their energy bills.
The physical and emotional impact is being felt across the nation, with 75% of people in Yorkshire and The Humber having restricted their use of heating to reduce energy costs and 13% of Londoners experiencing a lack of sleep.
Aira’s latest report, The Era of the Eco-curious: can I live more sustainably and spend less? reveals that people are already taking small steps to live more sustainably, with 37% of Brits switching to eco-mode on their washing machine, 29% buying second-hand clothes and 25% using appliances out of peak periods. Whilst 57% of people still associate heat pumps with high upfront costs, these small steps highlight the desire to live more sustainably and create new hope for heat pump adoption.
Industry experts argue that despite the challenges of the cost-of-living crisis, the combination of increasing energy costs and lower incomes is encouraging a broader reevaluation of energy usage, driving a new era of eco-curious consumers.
The data, however, shows that there’s room to increase consideration and uptake as 54% of people say they would switch to a heat pump if they perceived them as more affordable, signaling an opportunity for both governments and businesses to help accelerate adoption with education and increase accessibility with financial incentives.
Carolyn Snell, Professor of Social Policy at the University of York, says: “There can be a perception that heat pumps are more expensive to run, they’re difficult, and they’re not going to make things as warm as you want them. There’s a real lack of good information around it, and a lack of trusted information as well. Historically, energy is an area where there’s a lot of mistrust – it goes back to the 1990s.”
By making the simple shift to cleaner, greener heat pumps, people can save £560 on their annual energy bills[4] and disruptor brands, like Aira, are already working to remove barriers to adoption, with monthly payment plans and extended warranty for peace of mind.
Pamela Brown, Aira’s Consumer Expert, says: “Our report shows that energy costs are now a critical challenge for households and are creating anxiety as winter approaches. However, a generation of eco-curious individuals are slowly realising that their carbon footprint—and their energy bills—can be drastically reduced by adopting clean energy-tech. At Aira we increase accessibility to these solutions with monthly payment plans and offer complete peace of mind with a 15-year guarantee, enabling people to live sustainably without spending more.”
Notes to editors:
Survey methodology:
A total of 5,500 homeowners in Germany, Italy and the UK were surveyed for this study. The survey was conducted by the international market research agency OnePoll on behalf of Aira and took place between 7 and 9 October 2024. The survey was conducted in online format as a CAWI (Computer Assisted Web Interviewing) and was aimed at homeowners who use an independent heating system. The sample comprised 2,000 participants from Germany, 2,000 from the UK and 1,500 from Italy, ensuring a representative database for these countries.
About Aira
Aira provides clean energy-tech solutions to consumers and is becoming Europe’s number one direct-to-consumer brand within the industry. Aira accelerates the electrification of residential heating with intelligent clean energy-tech to enable the net zero future we all need. With Aira, consumers across Europe have a go-to-provider for complete home energy saving solutions, with intelligent heat pumps at the heart. Aira’s vertically integrated model, combined with a consumer-centric monthly payment plan that requires zero upfront cost, enables best-in-class consumer economics and cost leadership. Aira’s mission is to take Europe off gas by empowering people to join the clean energy revolution, one home at a time. Founded in Stockholm, Sweden, by Vargas Holding and backed by climate and innovation investors including Altor, the Burda family, Collaborative Fund, Creades, Kinnevik, Lingotto, Nesta Impact Investments, Statkraft Ventures, and Temasek. https://www.company.airahome.com
[2] European Heat Pump Association data published in Euronews, 2023
[3] Aira survey conducted of homeowners with an independent heating system – 2000 German respondents, 2000 UK respondents, 1500 Italian respondents
[4] £560 potential cost saving based on switching from fossil fuel boiler to Aira Heat Pump and Aira Zero integrated time of use tariff
View original content:https://www.prnewswire.co.uk/news-releases/3-million1-brits-face-energy-poverty-as-over-a-third-dip-into-savings-to-cover-bills-this-winter-aira-reports-302308983.html
Fintech PR
Uniqus Consultech Onboards UST as an Investor, as Part of its Previously Announced Series B Round
Strategic collaboration to deliver greater value to clients by leveraging consulting capabilities alongside technology-led transformation
MUMBAI, India and DUBAI, UAE, Nov. 19, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has invested in Uniqus Consultech, a tech-enabled global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains. This investment, part of Uniqus’ previously announced Series B round, will lay the foundation for a strong collaboration between the two companies.
The alliance between UST and Uniqus combines deep functional knowledge and strong technology capabilities to help clients better solve core business challenges and fully harness the power of technology, including AI/GenAI. As a part of the strategic collaboration, UST will leverage Uniqus’ extensive practical experience in the areas of finance, risk, and sustainability to identify and implement the best digital solutions for its clients.
UST will be able to offer an expanded solution portfolio to help clients navigate evolving and complex regulatory requirements, assess environmental impacts, enhance supply chain transparency, and improve social impact initiatives by integrating Uniqus’ ESG capabilities into its offerings. Uniqus’ AI-enabled – ESG UniVerse platform tracks, measures, and reports on ESG metrics, including carbon emissions, and facilitates engagement with supply chain partners. UST will leverage Uniqus’ finance and risk transformation capabilities to provide comprehensive finance and risk solutions and platforms to its clients.
Jamil Khatri, Co-Founder & Chief Executive Officer, Uniqus, said, “Organizations want technology to enable them in solving business problems effectively and get real benefits. UST’s transformative engineering and innovative ecosystem in combination with Uniqus’ deep domain experience on sustainability, finance, and risk will elevate our product and service offering to clients across the globe. We are truly excited to embark on this journey together with UST, introducing new capabilities to serve a large, combined client base in a holistic manner.”
“Corporate sustainability, responsible business practices, and ESG consulting have become integral to building a comprehensive modern corporate strategy, and integrating Uniqus’ ESG capabilities into our portfolio will enable UST to serve our clients better and differentiate ourselves in an increasingly competitive landscape. This relationship with a market leader is an excellent opportunity to enhance our service offerings and drive sustainable growth while laying the groundwork for a more sustainable and resilient economy,” said Vijay Padmanabhan, Chief Financial Officer, UST.
With this investment, UST continues to expand its ecosystem of strategic partnerships, driving cutting-edge solutions. UST or Uniqus Consultech, did not disclose the investment value.
About Uniqus Consultech:
Uniqus Consultech is a global tech-enabled consulting company that specializes in Accounting & Reporting, ESG and Tech Consulting. The Company is co-founded by consulting veterans Jamil Khatri and Sandip Khetan and backed by marquee investors such as Nexus Venture Partners, Sorin Investments, and other angel investors. Anu Chaudhary, a global ESG specialist with over 20 years of experience, serves as the Global Head of ESG. Abhijit Varma, a veteran technology specialist, leads Tech Consulting globally.
Uniqus has a global team of 500 professionals led by 50+ Partners & Directors across eleven offices in the USA, Middle East and India. The company serves more than 200 clients, including marquee names such as HDFC Bank, Reliance Industries, Al Rajhi Group, Arab National Bank, The National Shipping Company of Saudi Arabia (Bahri), Burjeel Holding, Tawal, Flipkart, GE and GAP.
Uniqus is committed to leveraging technology and an integrated global delivery model to provide best-in-class consulting services that drive measurable results and create long-term value for its clients.
For more information, please visit: www.uniqus.com
About UST
Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.
Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857 (US)
+91-7899045194 (India)
Merrick Laravea
+1 (949) 416-6212
Neha Misri
+44-7341787926
Roshini Das K
+91-7736795557
Media Contacts, India.:
Adfactors PR
[email protected]
Media Contacts, U.S.:
S&C PR
+1-646.941.9139
[email protected]
Makovsky
[email protected]
Media Contacts, U.K.:
FTI Consulting
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/uniqus-consultech-onboards-ust-as-an-investor-as-part-of-its-previously-announced-series-b-round-302308485.html
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