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MADISON REALTY CAPITAL AND NEWBOND HOLDINGS LAUNCH HOSPITALITY LENDING PLATFORM WITH INVESTING CAPACITY OF $500M

Strategic Partnership to Originate and Purchase Hospitality Loans Across All Major US Markets as Madison Newbond

NEW YORK, Nov. 08, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, and Newbond Holdings (Newbond), a vertically integrated real estate investment and operating platform founded by Neil Luthra and Vann Avedisian, today announced the launch of Madison Newbond, an institutional lending platform that will provide first mortgages, mezzanine loans and preferred equity to hotel owners and developers nationwide.  The partnership launched with approximately $500 million of initial lending capacity and will add scale in line with the opportunity.

Madison Newbond will build on Madison Realty Capital’s institutional lending platform and deep relationships as well as Newbond’s hospitality industry expertise and strong operational knowledge. The partnership will offer unique financing programs to new and existing borrowers across the hospitality spectrum from limited-service hotels to ultra-luxury resorts and will target opportunities including transitional lending and ground up developments across major metropolitan markets.

“The hospitality industry has experienced significant disruption throughout the pandemic and there is a clear need for creative and flexible lending solutions for hotel owners as they continue to recover from the changes to their business plans,” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital. “We are enthusiastic about joining forces with Newbond to expand our product offering tailored to meet the evolving needs of hospitality real estate owners and operators.”

“We are excited to launch this partnership with Madison Realty Capital, a firm with a world-class lending platform, and a team that we are deeply familiar with, to provide a wide range of lending options to the hospitality market,” said Neil Luthra, Founding Partner at Newbond. “Madison’s substantial resources coupled with Newbond’s extensive hotel underwriting capabilities will best position the platform to identify and capitalize on exciting opportunities in the hospitality space.”

Madison Realty Capital and the principals of Newbond have significant experience lending and investing in the hospitality sector.  The principals of Newbond have completed over $15 billion of debt and equity investments.  Notable recent Madison Realty Capital transactions include a $105 million loan to Fort Partners for the acquisition and modernization of the Four Seasons Hotel Miami and a $210 million loan to Fort Partners for the construction of the Four Seasons Hotel and Private Residences Fort Lauderdale.

For any financing inquiries or to request additional information about the Madison Newbond platform, please contact Andrew Fichte, a partner at Newbond, at afichte@newbond.com and Josh Zegen, at josh@madisonrealtycapital.com.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that manages approximately $6.7 billion in total assets on behalf of an institutional global investor base. Since 2004, Madison Realty Capital has completed more than $16 billion in transactions in the U.S. providing reputable borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has over 60 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

About Newbond Holdings 

Newbond Holdings, founded by Neil Luthra and Vann Avedisian in 2021, is a real estate investment and operating platform focused on debt and equity investments across multiple real estate product types with a hospitality focus as well as investments in related operating businesses and technology platforms.  The partners at Newbond have completed over $15 billion of debt and equity transactions.  As a vertically integrated operating and investment platform, Newbond is uniquely positioned to create significant value beyond the typical investment process through creative structuring, operations and the development of single and multiple asset brands.

Attachments

For Madison Realty Capital: Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

For Newbond: Eric Waters
Great Ink Communications, Ltd.
212-741-2977
Eric.Waters@greatink.com

Tom Nolan
Great Ink Communications, Ltd.
212-741-2977
Tom@greatink.com
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Africa MENA Press Releases South Africa

At 2021 Grand Challenges Annual Meeting, Bill & Melinda Gates Foundation Announces Initiatives to Support Cutting-Edge Science in Low- and Middle-Income Countries and Help End the COVID Crisis

The foundation commits initial $50 million towards a new 10-year program and awards science leadership fellowships to 14 African scientists

SEATTLE, Nov. 8, 2021 /PRNewswire/ — Today at the 17th Grand Challenges Annual Meeting, the Bill & Melinda Gates Foundation announced an initial commitment of $50 million to support science and innovation in low- and middle-income countries. The Grand Challenges Global Call to Action is a 10-year initiative that will prioritize grants to scientists from low- and middle-income countries and support a balanced representation of women principal investigators.

This long-term initiative is designed to ensure scientists and institutions in low- and middle-income countries play a central role in shaping the global R&D agenda and developing solutions that can better meet the needs of their communities. Initial focus areas will include data science, such as mathematical modeling to inform national malaria control programs; digital health services for pregnant women; and innovations to close gaps identified by current programs for eliminating neglected tropical diseases.

“We need the ideas and leadership of the people who are closest to the global health challenges we’re working to address,” said Mark Suzman, CEO of the Bill & Melinda Gates Foundation. “The Grand Challenges Global Call to Action represents our commitment to advance innovation and equity while strengthening local partners in a sustainable way.”

At the annual meeting, which takes place November 8-11, the foundation will also launch the Global Immunology and Immune Sequencing for Epidemic Response (GIISER) program, which works to ensure scientists have the capacity to rapidly detect if new SARS-CoV-2 variants in their communities show signs of evading immune response. This will allow national and regional stakeholders to respond appropriately and develop products that meet the specific needs of their geographies. GIISER will operate as a decentralized network of autonomous and geographically distinct hubs that are able to connect local pathogen sequencing data and clinical epidemiology with local immunological understanding and tools. As part of this program, the foundation will provide $7 million over two years to investigative teams in eight countries (South Africa, Senegal, Nigeria, Ghana, Kenya, Uganda, Brazil, and India) to expand their existing immunological capacity.

To further support scientists who are developing the innovations needed to end the pandemic and address urgent global health priorities, the foundation will announce the first cohort of the Calestous Juma Science Leadership Fellowship program on the second day of the meeting (November 9). Named after the late Calestous Juma, one of the world’s foremost visionaries in African-led science, the fellowship was launched at last year’s annual meeting to support the next generation of scientific leaders in Africa. The inaugural cohort includes 14 fellows from eight African countries—eight women and six men—who are leading projects that range from computational drug discovery to molecular epidemiology. Each fellow will receive up to $1 million over five years.

The Grand Challenges Annual Meeting is a global forum for researchers around the world to share their work, learn about cutting-edge advances in the field, and collaborate with other investigators and organizations. As the COVID-19 pandemic continues to drive inequity across the globe, this year’s meeting will focus on strengthening scientific collaborations to end the pandemic everywhere and promoting an inclusive recovery.

The 2021 fully virtual meeting is hosted by Global Grand Challenges partners and co-sponsored by Grand Challenges Canada, the United States Agency for International Development (USAID), Wellcome, the Bill & Melinda Gates Medical Research Institute (Gates MRI), and the Bill & Melinda Gates Foundation. Speakers at this year’s meeting include:

  • Anthony Fauci, Director, National Institute of Allergy and Infectious Diseases
  • Jason S. McLellan, Professor and Robert A. Welch Chair in Chemistry, University of Texas at Austin
  • Matshidiso Moeti, Regional Director for Africa, World Health Organization
  • John Nkengasong, Director, Africa Centres for Disease Control and Prevention
  • Melanie Saville, Director of Vaccine Research and Development, Coalition for Epidemic Preparedness Innovations

The event will feature dozens of leaders from across the global health innovation landscape, as well as Gates Foundation leadership, including Bill Gates (Co-Chair & Trustee); Melinda French Gates (Co-Chair & Trustee); Mark Suzman (Chief Executive Officer); and Trevor Mundel (President, Global Health Division). The sessions will be posted shortly after the meeting at grandchallenges.org/annual-meeting.

About Grand Challenges

The Bill & Melinda Gates Foundation recognizes that solving the most pressing challenges in global health and development requires more of the world’s brightest minds working on them. The Grand Challenges family of initiatives seeks to engage innovators from around the world to solve these challenges. Grand Challenges initiatives are united by their focus on fostering innovation, directing research to where it will have the most impact, and serving those most in need. To learn more, please visit grandchallenges.org.

About the Bill & Melinda Gates Foundation

Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of Bill Gates and Melinda French Gates.

Media contact: media@gatesfoundation.org

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في الاجتماع السنوي لمبادرة “التحديات الكبرى” لعام 2021، تُعلِن “مؤسسة بيل وميليندا جيتس” عن مبادرات لدعم أحدث العلوم في البلدان منخفضة ومتوسطة الدخل والمساعدة في إنهاء أزمة فيروس كورونا

تلتزم المؤسسة بمبلغ مبدئي قدره 50 مليون دولار لبرنامج جديد مدته 10 سنوات، وتمنح زمالات القيادة العلمية لـ 14 عالِمًا أفريقيًا

سياتل، 8 نوفمبر 2021 — /PRNewswire/ أعلنت اليوم مؤسسة بيل وميليندا جيتس، في الاجتماع السنوي السابع عشر لمبادرة التحديات الكبرى (Grand Challenges)، عن التزام مبدئي بمبلغ 50 مليون دولار لدعم العلوم والابتكار في البلدان منخفضة ومتوسطة الدخل.  النداء العالمي للعمل من أجل التحديات الكبرى (Grand Challenges Global Call to Action) هي مبادرة مدتها 10 سنوات ستعطي الأولوية للمِنَح للعلماء من البلدان المنخفضة والمتوسطة الدخل، وتدعم التمثيل المتوازن للباحثين الرئيسيين.

 وقد تم تصميم هذه المبادرة طويلة الأجل لضمان أن يلعب العلماء والمؤسسات في البلدان المنخفضة والمتوسطة الدخل دورًا رئيسيًا في تشكيل جدول أعمال البحث والتطوير العالمي، وتطوير الحلول التي يمكن أن تلبي احتياجات مجتمعاتهم بشكل أفضل.  وستشمل مجالات التركيز الأولية علم البيانات، مثل النمذجة الرياضية من أجل إمداد البرامج الوطنية لمكافحة الملاريا بالمعلومات؛ والخدمات الصحية الرقمية للسيدات الحوامل؛ والابتكارات لسد الفجوات التي حددتها البرامج الحالية من أجل القضاء على أمراض المناطق الاستوائية المهملة.

قال مارك سوزمان، الرئيس التنفيذي لمؤسسة بيل وميليندا جيتس، “نحتاج إلى أفكار وقيادة الأشخاص الأقرب إلى التحديات الصحية العالمية التي نعمل على مواجهتها”.  “وتمثل مبادرة النداء العالمي للعمل من أجل التحديات الكبرى التزامنا بتعزيز الابتكار والمساواة مع تعزيز الشركاء المحليين بطريقة مستدامة”.

وفي الاجتماع السنوي، الذي سيعقد في الفترة من 8 إلى 11 نوفمبر، ستقوم المؤسسة أيضًا بإطلاق برنامج علم المناعة العالمي والتسلسل المناعي للاستجابة الوبائية (GIISER)، والذي يعمل على ضمان أن العلماء لديهم القدرة على اكتشاف ما إذا كانت متحورات سارس-كوف-2 الجديدة في مجتمعاتهم تُظهِر علامات على التهرب من الاستجابة المناعية.  سيسمح ذلك لأصحاب المصلحة على المستوى الوطني والإقليمي بالاستجابة بشكل ملائم وتطوير المنتجات التي تلبي الاحتياجات المحددة لمناطقهم الجغرافية.  كما سيعمل برنامج GIISER كشبكة لامركزية من المحاور المستقلة والمتميزة جغرافيًا والتي تكون قادرة على ربط بيانات تسلسل مسببات الأمراض المحلية وعلم الأوبئة السريري بالفهم المناعي المحلي والأدوات المناعية المحلية.  وكجزء من هذا البرنامج، ستوفر المؤسسة 7 ملايين دولار على مدار عامين لفِرَق البحث في ثمانية بلدان (جنوب أفريقيا والسنغال ونيجيريا وغانا وكينيا وأوغندا والبرازيل والهند) من أجل توسيع قدراتها المناعية الحالية.

ولمزيد من دعم العلماء الذين يطورون الابتكارات اللازمة لإنهاء الوباء ومعالجة الأولويات الصحية العالمية العاجلة، ستعلن المؤسسة المجموعة الأولى من برنامج زمالة كاليستوس جوما للقيادة العلمية في اليوم الثاني للاجتماع (9 نوفمبر).  وقد سُميت على اسم الراحل كاليستوس جوما، أحد أبرز أصحاب الرؤى في العالم في مجال العلوم التي تقودها أفريقيا، وقد تم إطلاق الزمالة في الاجتماع السنوي في العام الماضي من أجل دعم الجيل القادم من القيادات العلمية في أفريقيا.  وتضم المجموعة الافتتاحية 14 زميلًا من ثماني دول أفريقية —ثمانية نساء وستة رجال— يقودون مشاريع تتراوح من اكتشاف الأدوية الحاسوبي إلى علم الأوبئة الجزيئية.  وسيحصل كل زميل على ما يصل إلى مليون دولار على مدى خمس سنوات.

إن الاجتماع السنوي للتحديات الكبرى هو منتدى عالمي للباحثين من جميع أنحاء العالم لمشاركة أعمالهم، والتعرف على أحدث التطورات في هذا المجال، والتعاون مع الباحثين والمنظمات الأخرى.  ومع استمرار جائحة كوفيد-19 في تعزيز عدم المساواة في جميع أنحاء العالم، سيركز اجتماع هذا العام على تعزيز التعاون العلمي من أجل القضاء على الوباء في كل مكان وتعزيز الانتعاش الشامل.

يتم استضافة اجتماع 2021 الافتراضي بالكامل من قِبَل شركاء “التحديات العالمية الكبرى”، ويشترك في رعايته “التحديات الكبرى بكندا”، والوكالة الأمريكية للتنمية الدولية (USAID)، ومؤسسة ويلكم (Wellcome)، ومعهد بيل وميليندا جيتس للأبحاث الطبية (Gates MRI)، ومؤسسة بيل وميليندا جيتس.  ومن بين المتحدثون في اجتماع هذا العام:

  • أنتوني فاوتشي، مدير المعهد الوطني للحساسية والأمراض المعدية
  • جايسون إس ماكليلان، أستاذ جامعي وحائز على مقعد روبرت أ. ويلش في الكيمياء بجامعة تكساس بأوستن
  • ماتشيديسو مويتي، المديرة الإقليمية لأفريقيا في منظمة الصحة العالمية
  • جون نكينجاسونج، مدير المراكز الأفريقية لمكافحة الأمراض والوقاية منها
  • ميلاني سافيل، مديرة أبحاث وتطوير اللقاحات في تحالف ابتكارات التأهب الوبائي

وسيضم الحدث العشرات من القادة من جميع أنحاء مشهد الابتكار الصحي العالمي، بالإضافة إلى قيادة مؤسسة جيتس، بما في ذلك بيل جيتس (الرئيس المشارك والأمين)؛ وميليندا فرينش جيتس (الرئيسة المشاركة والأمينة)؛ ومارك سوزمان (الرئيس التنفيذي)؛ وتريفور موندل (رئيس قسم الصحة العالمية).  سيتم نشر الجلسات بعد وقت قصير من الاجتماع على grandchallenges.org/annual-meeting.  

حول “التحديات الكبرى”

تدرك مؤسسة بيل وميليندا جيتس أن حل التحديات الأكثر إلحاحًا في مجال الصحة والتنمية العالميين يتطلب المزيد من أذكى وألمع العقول في العالم للعمل عليها.  وتسعى سلسلة مبادرات التحديات الكبرى إلى إشراك المبتكرين من جميع أنحاء العالم من أجل حل هذه التحديات.  وتتحد مبادرات “التحديات الكبرى” من خلال تركيزها على تعزيز الابتكار، وتوجيه الأبحاث إلى حيث سيكون لها أكبر أثر، وخدمة أولئك الذين هم في أمس الحاجة إليها.  لمعرفة المزيد، يُرجى زيارة grandchallenges.org.

حول مؤسسة بيل وميليندا جيتس

مسترشدة بالاعتقاد بأن كل حياة لها قيمة متساوية، تعمل مؤسسة بيل وميليندا جيتس لمساعدة جميع الناس على عيش حياة صحية ومنتِجة.  وفي البلدان النامية، تُركِّز على تحسين صحة الناس ومنحهم الفرصة لانتشال أنفسهم من الجوع والفقر المدقع.  أما في الولايات المتحدة، تسعى إلى ضمان حصول جميع الناس —خاصة أولئك الذين لديهم أقل الموارد— على الفرص التي يحتاجون إليها للنجاح في المدرسة والحياة.  ويقع مقر المؤسسة في سياتل بواشنطن، ويقودها الرئيس التنفيذي مارك سوزمان، تحت إشراف بيل جيتس وميليندا فرينش جيتس.

للتواصل الإعلامي: media@gatesfoundation.org

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‫ Hunton Andrews Kurth يوسع فريق الطاقة والبنية التحتية العالمي مع إضافة شريك تمويل المشروع Sean Conaty في طوكيو

طوكيو, 8 نوفمبر / تشرين ثاني 2021 /PRNewswire/ — انضم Sean Conaty، وهو محام مشهود له دوليا لتطوير المشاريع وتمويل المشاريع قدم المشورة بشأن بعض مشاريع البنية التحتية الأكثر تحولا في جميع أنحاء منطقة جنوب شرق آسيا، إلى شركة Hunton Andrews Kurth LLP كشريك في مكتب الشركة في طوكيو.

Sean Conaty, Hunton Andrews Kurth

يقدم Sean Conaty المشورة للجهات الراعية والمقرضين والحكومات حول مجموعة واسعة من مشاريع البنية التحتية. قدم Conaty المشورة بشأن تطوير العديد من أكبر منتجي الطاقة الكهرومائية والطاقة الحرارية الأرضية المستقلين في آسيا، ومع التركيز بشكل خاص على قطاع الطاقة، فضلا عن مشاريع طاقة الرياح والطاقة الشمسية وغيرهم من مشاريع الطاقة المتجددة ومشاريع الطاقة التقليدية (بما في ذلك محطات الغاز إلى الطاقة)، فضلا عن مشاريع الغاز الطبيعي المسال الكبرى. كما تتمتع Conaty بخبرة واسعة في تقديم المشورة بشأن مشاريع البنية التحتية بما في ذلك المطارات والموانئ البحرية والمياه ومشاريع الطرق.

وتشمل بياناته البارزة قبل الانضمام إلى الشركة الآتي:

·  وكلات ائتمانات التصدير اليابانية ونقابة البنوك التجارية تمويل 3 مليارات دولار من Van Phong مقابل 1,320 ميغاواط من 1 مشروع الطاقة الحرارية في فيتنام؛

·  (أ) مستثمر تايواني في استحواذه على حصة في مزرعة رياح بحرية رئيسية في تايوان (وتطويرها لاحقا)؛

·  شركة Perusahaan Listrik Negara (مرفق الكهرباء الحكومي الإندونيسي) في العديد من مناقصات محطات الطاقة بما في ذلك مشروع الطاقة الرائد Jawa 7 مقابل 2,000 ميغاواط والعديد من برامج مناقصة الطاقة المتجددة؛ و

·  رعاية على صلة Jawa 1 بقوة 1,760 ميغاواط في IPP التي تعمل بالغاز – واحدة من أولى محطات توليد الطاقة من الغاز إلى الطاقة في إندونيسيا والأولى التي تدمج FSRU في هيكل المشروع.

شهد نموًا مستدامًا على مدار الثمانية عشر شهرًا الماضية، وبصفته عضوًا في فريق الطاقة والبنية التحتية في الشركة، يعد Conaty من بين العديد من الإضافات الرئيسية الأخيرة للشركة. ومن خلال توسيع تواجد الشركة في طوكيو، انضم Conaty إلى الشريك الإداري للمكتب والمحامي الدولي لمشاريع الطاقة النووية George Borovas.

كما يشمل زملائه John Lee Shepherd, Jr.، المدير السابق للسياسة القانونية في اللجنة الفيدرالية لتنظيم الطاقة في واشنطن العاصمة؛ ومحامو تمويل المشروع James D. Simpson, Jr. و Jason B. Parker في لندن و Martin A. Skehill في دبي.

وصرح Jeffrey Schroeder رئيس فريق الطاقة والبنية التحتية في Hunton Andrews Kurth، قائلًا: “تتلاءم معرفة وخبرة شون العميقة في السوق الآسيوية بشكل جيد مع نقاط قوتنا الحالية في المنطقة وتعكس التزام الشركة بالحفاظ على مقعد رائد من محامي صناعة الطاقة لخدمة الاحتياجات المتطورة والمتزايدة لعملائنا في جميع أنحاء العالم. Sean هو محامٍ بارز يتمتع بسمعة طيبة في التميز والتفاني في خدمة العملاء. يسعدنا الترحيب به في الشركة”.

ينضم Conaty إلى الشركة من مكتب هوغن لوفلز (Hogan Lovells) للمحاماة، حيث كان شريكًا في مجموعة البنية التحتية والطاقة والموارد والمشاريع التابعة لتلك الشركة. حصل Conaty على شهادته الجامعية من جامعة نيو ساوث ويلز، ودرجة البكالوريوس في القانون من جامعة سيدني، ودبلومه العالي في الممارسة القانونية من كلية القانون.

يوفر فريق الطاقة والبنية التحتية العالمي في Hunton Andrews Kurth استشارات مالية شاملة وتطويرًا وبنية تحتية للمؤسسات المالية وشركات الطاقة المنظمة وغير المنظمة والموزعين وشركات النقل وشركات نقل الكهرباء المستقلة وغيرها من الجهات العاملة في مجال الطاقة المتجددة والنفط والغاز والغاز الطبيعي المسال والصناعات البتروكيماوية والنووية.

مكتب العلاقات العامة | هاتف: hunton@theproffice.com | +44 (0) 7919 887 036 (درو سالزبوري)

الصورة – https://mma.prnewswire.com/media/1680367/Conaty_Sean.jpg

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General

AU Envoy: Time Running Out to Find Political Solution to North Ethiopia Conflict

UNITED NATIONS — The African Union envoy for the Horn of Africa warned Monday that the window of opportunity is closing for a political resolution of the crisis in northern Ethiopia, as the country tips further toward all-out conflict.

“The time is now for collective actions in finding lasting solution to avoid further escalation of the situation, which may have direct effect on the strategic Horn of Africa region as a whole,” said former Nigerian President Olusegun Obasanjo, who is the AU’s special representative for the Horn of Africa.

Briefing the U.N. Security Council from Ethiopia’s capital, Addis Ababa, where he arrived Thursday, Obasanjo said he has met separately with Ethiopian Prime Minister Abiy Ahmed and leaders of the Tigrayan People’s Liberation Front (TPLF), as well as some allied groups, in order to de-escalate tensions and seek the start of talks.

“All the leaders here in Addis Ababa and in the north agree individually that the differences between them are political and require political solutions through dialogue,” he said. “This, therefore, constitutes a window of opportunity that we can collectively tap into to assist the people of Ethiopia to find a lasting solution to the ongoing crisis.”

Obasanjo said he will visit the northern regions of Amhara and Afar on Tuesday, where the TPLF has expanded fighting, displacing thousands of people.

Fighting has escalated in the lead-up last week to the one-year anniversary of the start of the conflict.

Tigrayan forces said earlier this week they were advancing on Addis Ababa and that it could fall within months or even weeks.

The Ethiopian government declared a six-month state of emergency Tuesday and called on residents to defend their neighborhoods if rebels arrived in the capital.

Jaal Marroo, commander of the Oromo Liberation Army (OLA), an ally of the TPLF, told Agence France-Presse that the OLA posed “no threat” to ordinary civilians but that Abiy and his ruling Prosperity Party have to be “completely removed and cleared” for reconciliation to begin.

“We will make Ethiopia – not just Ethiopia, the Horn of Africa – a peaceful, very stable place to live in. I am very confident there is not going to be conflict after Abiy Ahmed’s regime,” he said.

Ethiopia’s U.N. ambassador blamed some countries and Western media for encouraging the TPLF.

“It is emboldened to a level that it threatens to unseat a popularly elected federal government and destabilize a nation of 112 million people,” Ambassador Taye Atske-Selassie said of the rebels. “We again reiterate our plea for the support of this group that have been providing it with communications equipment, satellite information, weapons and even fighters to desist from this.”

Civil war concerns growing

The United Nation’s political chief warned that the conflict has “reached disastrous proportions” and if not immediately halted could see Africa’s second-most-populous country engulfed in all-out civil war.

“What is certain is that the risk of Ethiopia descending into widening civil war is only too real,” Rosemary DiCarlo told the Security Council. “That would bring about a humanitarian catastrophe and consume the future of such an important country.”

DiCarlo said the fighting already threatens regional stability in the Horn of Africa.

“The political repercussions of intensifying violence in the wider region would be immense, compounding the many crises besetting the Horn of Africa,” she added.

“The longer this conflict goes on, the harder the road to peace becomes and the more people will die,” U.S. envoy Linda Thomas-Greenfield said. “And as you heard from High Representative Obasanjo, the window of opportunity is limited, and time is running out. I urge all parties — all parties — in the strongest possible terms to back away from the brink and lead their people toward peace.”

She added that accusations that the United States is biased toward one side are false.

“Let me be crystal clear: We condemn violence on all sides. We condemn any and all human rights violations and abuses committed by all sides.”

Alice Wairimu Nderitu, U.N. special adviser on the prevention of genocide, expressed concern in a statement Monday at the increase of ethnically and religiously motivated hate speech, ethnic profiling and incitement to violence.

“These all constitute risk factors for atrocity crimes,” she warned.

Intensive diplomacy

In addition to Obasanjo, U.N. humanitarian chief Martin Griffiths wrapped up a four-day visit to Ethiopia on Monday.

During his mission, he traveled to Mekelle, the capital of Tigray, where the government maintains a de facto blockade on the delivery of humanitarian assistance. The U.N. said no aid has gotten in since October 18, and more than 5 million people are in dire need.

Griffiths also met with Abiy on Friday and with other senior federal government officials.

U.S. Horn of Africa envoy Jeffrey Feltman has also been in the region since Thursday. State Department spokesperson Ned Price said Feltman is currently in Addis Ababa.

 

Source: Voice of America

Categories
General

School Fire Kills at Least 25 Children in Niger

NIAMEY, NIGER — At least 25 primary school children were killed when their thatched-roof classrooms caught fire in southern Niger on Monday, the council of ministers said in a statement.

Fourteen more children were injured, including five in critical condition, the statement said. The school is in the town of Maradi, more than 600 kilometers (370 miles) east of the capital Niamey.

“For the moment we cannot state the origin of the fire,” regional director of education Maman Hdi said.

Classes have been suspended and three days of mourning declared in Maradi, he said.

It was the second time this year that a fire has killed pupils in their classrooms in the West African country. Twenty preschool children were killed in April in Niamey.

The council of ministers said on Monday that following the two incidents, preschool classes must not be held in straw-roof huts.

 

Source: Voice of America

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General

Pandemic Surveys Offer Grim Analyses

WASHINGTON — Two different surveys of the COVID-19 pandemic offer grim and sobering analyses.

One says the widely accepted COVID-19 global death toll of 5 million is likely underestimated and was probably reached much earlier than November 1 when the Johns Hopkins Coronavirus Resource Center announced the figure. The other offers up a harsh statistical analysis of the pandemic, including the fact that 50 million people are being infected with the virus every 90 days.

Reuters puts its analysis into perspective with the reminder that it took almost a year to record the first 50 million COVID-19 cases. The current high rate is due to the highly transmissible delta variant, Reuters reports.

The number of cases in Russia, Ukraine and Greece is “at or near record levels of reported cases since the pandemic started two years ago,” according to Reuters, with new infections continuing to rise in 55 of 240 countries.

On Monday, Germany reported its highest daily number of cases since the pandemic began. The Robert Koch Institute reported 201.1 new cases per 100,000 people over the past seven days, breaking the previous record of 197.6 per 100,000. The French news agency AFP reports that the COVID rate in the eastern German state of Saxony is more than double the national rate at 491.3.

Reuters’ investigation also revealed the statistics of vaccine inequity, including that more than half of the world’s population has not received a single shot of a COVID-19 vaccine and less than 5% of the population in low-income countries has received a single COVID-19 vaccine dose.

The death tolls of some countries may be many times higher than official government reports, according to the Economist magazine. The publication says there are several reasons for the underestimates. Some locations do not include people in COVID-19 death tolls who did not test positive for COVID-19 before dying. Also, hospitals and local governments do not always process death certificates promptly. In addition, people who die at home may not be included in the COVID-19 tally.

A northern California town’s city council has declared itself a “constitutional republic” as a way to express its displeasure with what it considers state and federal overreach in the issuing of mandates, such as for mask wearing, designed to combat the COVID-19 pandemic.

Legal experts say Oroville’s city council’s move, however, does not allow Oroville to opt out of the mandates.

The fully vaccinated in Australia’s New South Wales state are enjoying the lifting of a number of COVID restrictions Monday, including elimination of limits on the number of home visitors.

Health professionals in India are bracing for a surge in coronavirus cases following Diwali, the annual festival of lights, that began Thursday.

Dr. Prakash Singh, a virologist, told The New York Times, “For this Diwali, people almost forgot the virus is still here and killing people.”

Source: Voice of America

Categories
General

Young Compete Against Old in Hottest US Rental Market in a Decade

Renting an apartment can be a challenge for new college graduates who are facing the hottest U.S. rental market in a decade, along with some unexpected competition from millennials — people aged 24 to 40 — and even baby boomers — the over-57 club.

“You have aging millennials who are creating families who should be moving from rental situations into ownership but, because of the lack of housing supply, that has been stopped in a lot of instances. And so, what you see is the aging millennial population continues to rent,” says Doug Ressler, manager of business intelligence at Yardi-Matrix, a commercial real estate data and research firm.

“It’s not just about millennials, it’s not just about [Gen] Z [people under 24], we also see that boomers are making a transition, he added. “Their percentage of moving into rental properties is growing in the last five years.”

There are a variety of reasons older people are opting for rentals, according to Ressler.

“They’ve lived in a home for so long and they want to be able to reduce their expenses on a fixed income,” he says. “They want to live in a social cohort, like a retirement community, and things like that where it’s much more socially amenable to them.”

The asking price of apartment rentals was up 10.7% in September 2021 compared to last year at the same time, according to the National Association of Realtors (NAR).

“It’s a hot market. We have never seen this market so hot in the last decade,” says Gay Cororaton, NAR’s senior economist and director of housing and commercial research. “The average rent growth, year-over-year, is about 3-to-5%. We’re seeing 11% rent growth now, so, clearly, way above trends we’ve had in the past.”

Renters are feeling the squeeze because the COVID-19 pandemic caused supply chain issues, slowing down home building in the United States. Instead of the usual 5-to-6 month supply of available single-family homes, supply dropped below two months in January 2021. The lack of housing supply means millennials are having a harder time buying a single-family home, which has been the traditional trajectory in the past.

“The whole building industry was beset by supply chain issues,” Cororaton says. “Shipments couldn’t come in, the price of lumber was rising, manufacturing slowed, workers could not come in [to work], so you have shortages of frames, appliances. So, essentially, just a short supply.”

The housing supply got even tighter during the pandemic as more investors put their money into housing, according to Cororaton, while existing homeowners looked for second homes.

“With the pandemic, there was also a big demand for second homes, for vacation homes. Typically, vacation homes accounted for just about 5% [of the market],” she says. “Early this summer they rose to about 8%. So again, strong demand and strong imbalance of demand and supply caused home prices to rise, made them less affordable.”

The hottest rental markets right now are in the West and South. More renters are moving to Dallas and Houston in Texas, followed by Atlanta, Georgia; New York; Los Angeles; Austin, Texas; Phoenix, Arizona; and Washington, D.C., according to NAR.

Cororaton expects the coming year to be a little better but says the housing shortage is likely to continue for the next few years.

“You know, the old adage of moving from rentals into homeownership, that whole polemic may be changing,” says Ressler. “The sweet spot was always the millennials, and now the millennials are being replaced by the [Gen] Z’s, but the millennials are staying longer and the Z’s are coming on board, and now you’ve got the demographic of the boomers … What it means is a very profitable and dynamic [rental] market that’s going to continue to grow.”

 

Source: Voice of America

Categories
Arabic MENA Press Releases

‫”عرض الخريجين العالمي” يكشف النقاب عن 150 فكرة لتغيير قواعد اللعبة وبالتالي تغيير العالم

قدم 3681 خريجًا من 464 جامعة في 70 دولة مدخلات جعلت النسخة السابعة من “عرض الخريجين العالمي”هو الأكبر حتى الآن

“أليكسا ذات قلب” ؛ برنامج فك شفرات المرض من الجيل التالي؛ وكذلك مواد التشييد والمنسوجات ذاتية المعالجة؛ والروبوتات التي تعيد توليد النظم البيئية البرية والبحرية؛ و”عجلات التوجية” لمراقبة الصحة؛ وجهاز يمكن للوالدين ارتداؤه للتواصل مع الأطفال الذين في حضانتهم؛ وسيارات تصفية الضباب الدخاني؛ وكرة لاستكشاف علامات الحياة في دائرة نصف قطرها 5 أمتار

Global Grad Show Logo

– عرض الخريجين العالمي: العرض الشامل لمشروعات الخريجين

– الكشف عن معظم الحلول الواعدة بشأن التحديات البيئية والاجتماعية المُعقدة

–  – قدم الأفكار طلاب من 464 جامعة، بما في ذلك جامعات هارفارد وستانفورد وأكسفورد وحتى المعاهد المحلية في بوتان وجامايكا والكونغو

– برنامج يُكمله مسار تطوير الشركات الناشئة، والذي يساعد على وصول الحلول ذات الإمكانات العالية إلى السوق

– تعكس المشروعات الاهتمامات الجماعية المتعلقة بالصحة النفسية والجسدية، وكذلك الإمدادات الغذائية، والمعيشة في المدن، والأخلاق، وكذلك رفاهية المجتمع

– مستقبل كوكب الأرض في أهم ما يشغل عقول قادة العالم والمواطنين

دبي، الإمارات العربية المتحدة، 8 نوفمبر 2021 /PRNewswire/ — يشهد اليوم كشف اللثام عن 150 مشروعًا أكاديميًا مبتكرًا للغاية بهدف تحسين الحياة ودعم المجتمعات وحماية الكوكب. يعد ذلك جزءًا من أكبر إصدار من “عرض الخريجين العالمي” حتى الآن، تم اختيار الإدخالات المختصرة من بين 2600 مشاركة من 70 دولة، والتي تؤكد على الاهتمامات الرئيسية المشتركة دوليًا، بداية من رعاية الأطفال الصغار إلى المدن الخضراء، كمّا توضح حجم الجهود -والنهج المشترك- الضرورية لمعالجتها.

للاطلاع على النشرة الإخبارية في الوسائط المتعددة، يُرجى النقر على:

https://www.multivu.com/players/English/8982451-global-grad-show-unveils-150-game-changing-ideas-to-change-the-world/

خلال عامه السابع الآن، يدعم “عرض الخريجين العالمي” المواهب الأكاديمية الواعدة في العالم في مجال التأثير الاجتماعي والبيئي، وتعد المشروعات المُرشحة للجوائز انعكاسًا لما ركّز عليه الخريجون في شتى أنحاء العالم خلال العام الماضي، وبالتالي يسلط ذلك الضوء على بعض من كبرى التحديات التي يواجهها العالم، وكذلك الأفكار الواعدة للتصدي لها. تترواح تلك الحلول بين النظرية والعملية، والمعقدة والبسيطة، وتنحدر من أماكن مثل أكسفورد وإمبريال كوليدج لندن ومؤسسات رابطة اللبلاب “آيفي ليج” وحتى كليات في إندونيسيا والمكسيك وعمان.

تمنح هذه المبادرة، التي عُقدت بالشراكة مع هيئة دبي للثقافة والفنون وشركة إيه آر إم القابضة، لجميع الطلاب المتقدمين الفرصة للانضمام إلى برنامج ريادة الأعمال، وهو مسار تنموي مدته 4 أشهر لتقديم الأفكار لبناء المشروعات وإتاحة الفرص للمتقدمين الذين يرغبون في دفع تقدم مشروعاتهم نحو الأمام.

يتوافر العرض الافتراضي الذي يضم 150 مشروعًا في إصدار هذا العام على www.globalgradshow.com.

 الشعار – https://mma.prnewswire.com/media/1679877/Global_Grad_Show_Logo.jpg

Categories
MENA Press Releases

Kavalan Launches ‘Triple Sherry Cask’

Rare combination of 3 exquisite sherry oak casks

TAIPEI, Nov. 8, 2021 /PRNewswire/ — Kavalan has launched its Triple Sherry Cask, a rare combination of Oloroso, Pedro Ximénez (PX) and Moscatel-aged casks with Kavalan’s velvety texture and signature sweetness.

Pedro Ximénez is known as the king of sweet sherry and Moscatel is the queen of sweet sherry.

“This is the first time we’ve combined our whisky in three different sherry casks. It’s all about multiplying and enriching the sherry flavours to make a distinct whisky that has dried fruits, rich caramel, sweet maltose and tropical fruits as its profile,” said CEO Mr YT Lee.

After fully maturing in three sherry casks, Triple Sherry Cask showcases a three-stage balancing craft in the marrying vats. The process allows the three whiskies, each fully matured in the three different sherry casks to rest and meld together in perfect fusion, locking in optimal smoothness.

“During this process, the flavours collide through a myriad combination of the three sherry cask whiskies, creating up to 9 distinct sherry dimensions. With its main character the dried fruits of the Oloroso cask, Triple Sherry is embellished with the sweetness of PX and Moscatel casks,” said Senior Blender Zerose Yang.

Like a smooth flamenco dance, its notes of cinnamon, candied smoked plum, and citrus, layered with berry, tropical fruit, and longan aromas, with a dash of honey, chocolate, and toffee playfully tease the taste buds.

The packaging design breaks with the past, visually connecting the taste and aroma of the liquid for the first time. The fluid painting intertwined with white, gold, and red colours, which symbolises the multilayered and smooth taste of triple sherry cask whisky. Also it presents the combination of the colour of new make, whisky and sherry wine. Underscored on the tin capsule is a double silver line, symbolising the Central Mountain and Snow Mountain ranges surrounding Kavalan Distillery.

The new 700ml, 40% ABV Kavalan will appear first on shelves in France, Canada, Japan, Singapore, China, Australia, New Zealand and Guam at a RRP of NT$2,300.

Product Description

Kavalan Triple Sherry Cask Single Malt Whisky is a rare combination of three exquisite sherry-aged casks — Oloroso, Pedro Ximénez, and Moscatel — with the dried fruits of Oloroso as its main character. Rich caramel and the sweetness of maltose are layered with the distillery’s unique tropical fruits to create a delicate but distinct sherried whisky that can be enjoyed on easy-drinking occasions with friends.

Colour │ Deep Scarlet

Nose │ Ripe, mature berries and dried fruits fill the nose, with fresh scents of grapes and citrus interlaced with chocolate brownie and toffee sweetness. Hints of cinnamon, clover and spiciness, blending into pleasant oakiness and fragrant rosemary.

Palate│ Lingering flavours of sherry dried fruits. Warm and smooth with a mellow texture. A lively flamenco dance of candied fruit, caramel, and honey sweetness on the taste buds. Multi-layered and perfectly balanced, it’s an unforgettable feast for the palate.

About Kavalan Distillery 

Kavalan Distillery in Yilan County has been pioneering the art of single malt whisky in Taiwan since 2005. Our whisky, aged in intense humidity and heat, sources the crystal meltwaters of Snow Mountain and is enhanced by sea and mountain breezes. These conditions combine to create Kavalan’s signature creaminess. Taking Yilan County’s old name, our distillery is backed by about 40 years of beverage-making under parent company, King Car Group. We have collected more than 600 gold awards or higher from the industry’s most competitive contests. Visit www.kavalanwhisky.com

Media Contact:
Kaitlyn Tsai, kaitlyn@kingcar.com.tw;
Sandra Tsai, sandratsai@kingcar.com.tw

Photo – https://mma.prnewswire.com/media/1681325/3__________100________Oloroso____________PX__________Moscatel.jpg