Fintech PR
According to Institute for Economics & Peace, Terrorism gets worse as global conflicts drive risk of new wave
- Deaths caused by terrorism increased by 22% to 8,352, the highest level since 2017.
- Attacks are more deadly as the number of terrorist incidents fell by 22% to 3,350, and number of countries reporting an incident fell to 50.
- In 2023, the US accounted for 76% of terrorism-related deaths in Western democracies, amid a 15-year low in incidents.
- The epicenter of terrorism has shifted out of the Middle East and into the Central Sahel region of sub-Saharan Africa, which now accounts for over half of all deaths from terrorism.
- Burkina Faso suffered the worst impact from terrorism, with deaths increasing by 68% despite attacks decreasing by 17%.
- Iraq recorded the largest improvement in the last decade with deaths from terrorism falling by 99% since the 2007 peak, to 69 in 2023.
- The impact of terrorism has become increasingly concentrated, with ten countries accounting for 87% of total terrorism-related deaths.
- Over 90% of terrorist attacks and 98% of terrorism deaths in 2023 occurred in conflict zones, underscoring the strong link between conflict and terrorism.
LONDON, Feb. 29, 2024 /PRNewswire/ — Despite the Hamas attacks of October 7th, the number of terrorist incidents fell in the Middle East, along with North Africa, Europe and North America. The central Sahel region has conclusively overtaken the Middle East as terrorism’s epicentre with Islamic State (IS) and Jamaat Nusrat Al-Islam wal Muslimeen (JNIM), a franchise of Al-Qaeda, being the most active terrorist organisations.
The Global Terrorism Index 2024 (GTI) highlights that terrorism remains a serious global threat, with total deaths from terrorism increasing by 22% to 8,352 in 2023, now at their highest since 2017. Even when excluding the October 7th attacks, deaths would still have increased by 5%. This is despite terrorist incidents decreasing by 22% to 3,350, resulting in a 56% increase in the average number of people killed per attack. This is the worst rate in almost ten years.
The GTI is produced by the leading international think tank the Institute for Economics & Peace (IEP) and has been published annually for the last eleven years. It is the most comprehensive resource on global terrorism trends and uses multiple factors to calculate its score, including the number of incidences, fatalities, injuries and hostages, and combines it with conflict and socio-economic data to provide a holistic picture of terrorism.
Terrorism is becoming more concentrated with the number of countries recording a death from terrorism falling to 41, considerably lower than the peak of 57 countries recorded in 2015 and the 44 countries in 2022.
Burkina Faso suffered the worst impact from terrorism in 2023, with deaths increasing by 68% despite attacks decreasing by 17%. Terrorism in the country has deteriorated every year since 2014. Neighbouring Mali and Niger were also deeply impacted in 2023.
Pakistan recorded the most incidents of any country, with 490 attacks that resulted in 689 deaths. This is the fourth successive year where both deaths and incidents have increased in the country. Iraq recorded the largest improvement in the last decade with deaths from terrorism falling by 99% since its peak in 2007, to 69 in 2023.
The deadliest terrorist incident in 2023 was the October 7th Hamas-led attack in Israel which killed 1,200 people. Its consequences are still unfolding, with more than 30,000 Palestinians killed from Israel’s military operation by mid-February 2024.
Terrorism is not the deadliest form of violence in the world. Armed conflict results in nine times more fatalities than terrorism, homicide over 45 times more, and deaths from suicide 72 times higher. However, terrorism has a uniquely disturbing psychological and social impact intended to traumatize the whole of society, rather than the individual.
Steve Killelea, Founder & Executive Chairman, IEP:
“The last twelve months resulted in the most lives lost to terrorism than in any period since 2017. Conflict remains the primary driver of terrorism, yet most wars in the 21st century have been unwinnable and very costly. Terrorism also thrives in areas of political instability; it is imperative that current political tensions and minor conflicts do not escalate and that current conflicts are resolved, otherwise further increases in terrorism are likely.
Globally, we have seen real gains in recent years in our fight against terrorism, particularly in Western democracies. However, left unchecked regional instabilities could fan the flames of a new wave of terrorism. It is therefore important that global policymakers focus international efforts to address the current global conflicts and prevent the Gaza conflict from spreading”.
Terrorism in Western Democracies
Terrorism incidents in Western democracies recorded a drop of 55% compared to the previous year. There were 23 attacks that resulted in 21 fatalities, marking a 15-year low. However, the US recorded 76% of these fatalities from seven attacks. Five of these attacks were linked to individuals with far-right beliefs yet none had an affiliation with a far-right group. Religiously motivated terrorism has dropped significantly.
In OECD countries, many of which are Western democracies, socio-economic factors such as youth unemployment, military expenditure, lack of confidence in the press and lower inequality-adjusted life expectancy correlate significantly with the GTI.
Regional instability in the Middle East
Tensions between Palestine and Israel prior to the conflict were at an all-time high and the security situation in Israel had been deteriorating. Over 2,500 instances of communal violence in Israel and Palestine were recorded in the first ten months of 2023, compared to less than 500 in 2016.
Neighbouring countries are experiencing a spillover effect, increasing regional instability. If major hostilities were to break out, terrorist activity would most likely increase substantially. Egypt, Jordan, Lebanon, Iran, Iraq, Syria, and Yemen could all be drawn into the conflict.
The risk of conflict between Hezbollah and Israel has substantially increased. Since October 7th, there have been 630 attacks between the two groups. Hezbollah currently has over 100,000 fighters, with a rocket stockpile estimated at between 100,000 and 150,000.
Regional impact & improvements
Sub-Saharan Africa, the Middle East and North Africa (MENA), and South Asia accounted for 94% of deaths from terrorism in 2023, with sub-Saharan Africa alone accounting for just under 59% of all fatalities. The Sahel accounts for almost half of all deaths from terrorism globally. The impact of terrorism has been falling in MENA since its 2016 peak, with deaths down 66% and incidents by 72%.
Terrorism & Organised Crime in the Sahel region
Organised crime and terrorism have merged in the Sahel with groups forming complex alliances and fuelling the persistence of terrorist activities in the region. Terrorist organisations sometimes integrate with organised crime groups or provide protection and safe passage for illicit trade in drugs, human trafficking and precious metals. The region has seen a surge of kidnapping since 2017, with incidents increasing from 78 to over 1,000 in 2023 and generating significant revenues for terrorist organisations.
Increased attribution to Terrorist Groups
Of the 3,350 terrorist attacks recorded in 2023, 54% were attributed to a group. IS and its affiliates remained the world’s deadliest terrorist group, responsible for 1,636 deaths, despite its attributed deaths falling by 17%. IS was followed by Hamas, JNIM, and Al-Shabaab. Together, they were responsible for over 75% of terrorism-related deaths globally. A decade ago, they were responsible for less than 25%.
In 2023, IS attacks occurred in six of the nine GTI regions: Asia-Pacific, Europe, MENA, sub-Saharan Africa, Russia and Eurasia and South Asia. In the Middle East, Syria was the country most affected by IS attacks. It recorded 224 attacks, an increase from 152 in 2022, and a quarter of all IS related deaths.
Using machine learning techniques, researchers were able to attribute an additional 15,000 deaths to IS since 2007, increasing the total number of attributed deaths from 25,000 to 40,000.
The full GTI 2024 report and interactive map are available at: visionofhumanity.org
Twitter: @GlobPeaceIndex
Facebook: facebook.com/globalpeaceindex
Global Terrorism Index (GTI)
The GTI by the Institute for Economics & Peace provides a comprehensive summary of the key global trends and patterns in terrorism over the last 15 years. The report ranks 163 countries (99.7 % of the world’s population) according to the impact of terrorism. The GTI report is produced using data from TerrorismTracker and other sources. TerrorismTracker provides event records on terrorist attacks since 1 January 2007. The dataset contains over 65,000 terrorist incidents for the period 2007 to 2022.
Institute for Economics & Peace
The Institute for Economics & Peace (IEP) is the world’s leading think tank dedicated to developing metrics to analyse peace and to quantify its economic value. It does this by developing global and national indices, including the annual Global Peace Index, calculating the economic cost of violence and understanding Positive Peace which is the attitudes, institutions and structures that create and sustain peaceful societies.
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Fintech PR
Fintica AI and Legend Arb of Hong Kong Announce Strategic Investment and Partnership
HONG KONG, Nov. 27, 2024 /PRNewswire/ — Fintica AI Ltd, a leading innovator in next-generation AI solutions for capital markets, and Legend Arb Trading Limited, a Hong Kong-based proprietary trading firm with a global footprint across major financial hubs such as Shanghai, Taiwan, and Singapore, have announced a strategic investment and partnership.
Through this collaboration, Legend Arb has made a strategic investment in Fintica AI, strengthening the partnership between the two companies. This alliance will empower Legend Arb to advance its quantitative trading capabilities by harnessing Fintica AI’s unique unsupervised artificial intelligence technology. The partnership also aims to launch innovative new products and solutions. Simultaneously, Fintica AI will expand its business development efforts and market presence in Hong Kong and the Greater China region.
Kace Lam, Chief Executive Officer of Legend Arb, stated:
“Legend Arb is excited to collaborate with Fintica AI and its world-class AI technology team, known for pioneering advancements in quantitative modeling for financial markets. By combining Fintica AI’s deep academic and R&D expertise with our robust trading experience, we are poised to unlock significant value and drive innovation in quantitative trading strategies.”
Philippe Metoudi, Chief Executive Officer of Fintica AI, remarked:
“This partnership with Legend Arb represents a significant step forward in our mission to revolutionize the financial markets with advanced AI solutions. By joining forces, we can harness our respective strengths, explore the untapped potential of Hong Kong and Greater China’s financial sector, and deliver transformative innovations that shape the future of quantitative investment.”
About Fintica AI Ltd:
Fintica AI is a leading fintech company specializing in advanced AI solutions for capital markets. Its flagship platform, Spectrum MRI, delivers state-of-the-art tools for identifying market regimes across asset classes, including equities, fixed income, and commodities. By offering predictive analytics and robust risk-management capabilities, Fintica AI empowers investment managers, quantitative analysts, and strategic allocation teams with cutting-edge decision support tools. Headquartered in Tel Aviv, the company maintains a strong presence in major global financial hubs, driving innovation and excellence in the financial industry.
About Legend Arb Trading Limited:
Legend Arb is a Hong Kong-based proprietary trading company with a global presence in major financial centers like Shanghai, Taiwan, and Singapore. Specialized in pricing of Chinese-related products, equity index futures, and commodities futures, Legend Arb acts as a committed market maker to provide liquidity for HKEX and SGX.
For further information:
Visit www.fintica-ai.com
email [email protected].
View original content:https://www.prnewswire.co.uk/news-releases/fintica-ai-and-legend-arb-of-hong-kong-announce-strategic-investment-and-partnership-302317533.html
Fintech PR
24 Exchange Receives SEC Approval of its New National Securities Exchange, “24X National Exchange”
24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays
STAMFORD, Conn., Nov. 27, 2024 /PRNewswire/ — 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act.
24X National Exchange will be subject to the SEC’s ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.
24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing.
24 Exchange CEO and Founder Dmitri Galinov said: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”
As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities.
The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange’s executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements.
“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” Galinov added. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”
24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq.
24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost.
About 24 Exchange
24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/.
Media Contact:
Eric Andrus, KARV
[email protected]
Phone: +1 (212) 333-0275
View original content:https://www.prnewswire.co.uk/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317888.html
Fintech PR
HPOS10I Lands on ByVotes to Get Community Backing for Bybit Listing
DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.
From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.
The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.
Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.
The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.
ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.
#Bybit / #TheCryptoArk
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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View original content:https://www.prnewswire.co.uk/news-releases/hpos10i-lands-on-byvotes-to-get-community-backing-for-bybit-listing-302317782.html
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