Month: October 2022

LTCH FINAL DEADLINE TOMORROW: ROSEN, A RESPECTED AND LEADING FIRM, Encourages Latch, Inc. Investors to Secure Counsel Before Important October 31 Deadline in Securities Class Action – LTCH, LTCHW

Post author By admin
Post date October 31, 2022

NEW YORK, Oct. 30, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Latch, Inc. (NASDAQ: LTCH, LTCHW) between May 13, 2021 and August 25, 2022, both dates inclusive (the “Class Period”), of the important October 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Latch 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 Latch class action, go to https://rosenlegal.com/submit-form/?case_id=8369 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about Latch business operations and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) there were unreported sales arrangements related to hardware devices; (2) as a result, Latch had improperly recognized revenue throughout fiscal 2021 and first quarter 2022; (3) there were material weaknesses in Latch’s internal control over financial reporting related to revenue recognition; (4) as a result of the foregoing, Latch would restate financial statements for fiscal 2021 and first quarter 2022; and (5) as a result of the foregoing, defendants’ positive statements about Latch’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 Latch class action, go to https://rosenlegal.com/submit-form/?case_id=8369 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

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

——————————–

Contact Information:

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

GlobeNewswire Distribution ID 8684878

MENA Pakistan Press Releases

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Yatsen Holding Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action – YSG

Post author By admin
Post date October 31, 2022

NEW YORK, Oct. 30, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yatsen Holding Limited (NYSE: YSG): (i) pursuant and/or traceable to the Company’s initial public offering conducted on or about November 19, 2020 (the “IPO”); and/or (ii) between November 19, 2020 and March 10, 2022, both dates inclusive (the “Class Period”), of the important November 22, 2022 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Yatsen class action, go to https://rosenlegal.com/submit-form/?case_id=8895 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, including in the registration statement and prospectus used to effectuate the Company’s IPO, Yatsen and the other named defendants misled investors into believing that Perfect Diary and Little Ondine were thriving, thereby driving Yatsen’s “healthy” top-line growth at the time of its IPO and quarter after quarter thereafter. In truth, however, cosmetic and skincare sales of Perfect Diary and Little Ondine products were declining in the period leading up to (and including at the time of) the IPO and throughout 2021. Moreover, as the truth about Yatsen’s business reached the market, the value of the Company’s shares declined dramatically, causing Yatsen investors to suffer significant damages. By the commencement of the action, Yatsen’s shares traded as low as $0.39 per ADS, representing a decline of over 96% from the $10.50 IPO offering price.

To join the Yatsen class action, go to https://rosenlegal.com/submit-form/?case_id=8895 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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:

GlobeNewswire Distribution ID 8684913

MENA Pakistan Press Releases

TSP DEADLINE TOMORROW: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages TuSimple Holdings Inc. Investors to Secure Counsel Before Important October 31 Deadline in Securities Class Action – TSP

Post author By admin
Post date October 31, 2022

NEW YORK, Oct. 30, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of TuSimple Holdings Inc. (NASDAQ: TSP): (i) pursuant and/or traceable to the offering documents issued in connection with the Company’s initial public offering conducted on or about April 15, 2021 (the “IPO”); and/or (ii) between April 15, 2021 and August 1, 2022, both dates inclusive (the “Class Period”), of the important October 31, 2022 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the TuSimple class action, go to https://rosenlegal.com/submit-form/?case_id=8026 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, the IPO documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding TuSimple’s business, operations, and prospects. Specifically, the IPO documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) TuSimple’s commitment to safety was significantly overstated and defendants concealed fundamental problems with the Company’s technology; (2) TuSimple was rushing the testing of its autonomous driving technology in order to deliver driverless trucks to the market ahead of its more safety-conscious competitors; (3) there was a corporate culture within TuSimple that suppressed or ignored safety concerns in favor of unrealistically ambitious testing and delivery schedules; (4) the aforementioned conduct made accidents involving TuSimple’s autonomous driving technology more likely; (5) the aforementioned conduct invited enhanced regulatory scrutiny and investigatory action toward TuSimple; and (6) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the TuSimple class action, go to https://rosenlegal.com/submit-form/?case_id=8026 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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:

GlobeNewswire Distribution ID 8684914

MENA Press Releases

CGTN: How is China ushering in a new stage of rural development?

Post author By admin
Post date October 31, 2022

BEIJING, Oct. 30, 2022 /PRNewswire/ — Capitalizing on its victory in eradicating absolute poverty, China is now ready for a new round of agricultural and rural development as the efforts to propel rural vitalization are in full swing.

The report to the 20th National Congress of the Communist Party of China (CPC) stressed the country will continue to put agricultural and rural development first, consolidate and expand achievements in poverty alleviation, and reinforce the foundations for food security on all fronts.

In his first inspection after the conclusion of the 20th CPC National Congress, Chinese President Xi Jinping stressed advancing rural revitalization across the board and striving tirelessly to achieve agricultural and rural modernization.

He said it’s necessary to prioritize the development of agricultural and rural areas, and consolidate and expand China’s achievements in poverty alleviation during his visit to Yan’an in northwest China’s Shaanxi Province and the city of Anyang in central China’s Henan Province from Wednesday to Friday.

Advancing rural vitalization

Getting off the train on Wednesday afternoon, Xi headed directly to the village of Nangou in Yan’an.

In an orchard there, Xi chatted with local villagers, asking in detail about how they grew apple trees and picked fruits, what species of apple they planted, at what prices their apples were sold, and their income. He also inquired about how the village developed apple planting and other industries.

Xi said that he lived in northern Shaanxi for seven years. During that time, he saw villagers live in harsh conditions, and he kept thinking about ways to make their lives better.

“Now villagers have jobs and stable income, while children have a good education and the elderly are covered by medical insurance,” Xi said. “Lives are getting better and better.”

As Xi mentioned “the changes in northern Shaanxi reflect the changes in China.” Recent years have seen solid progress in fostering rural industries, promoting the application of agricultural technologies and building beautiful countryside when pursuing rural vitalization.

According to the Chinese Ministry of Agriculture and Rural Affairs, the per capita disposable income of rural residents reached 18,931 yuan (about 2,981.96 U.S. dollars) in 2021, an increase of 9.7 percent in real terms.

The improvement of the rural living environment is part of the implementation of the rural vitalization strategy. According to Hong Tianyun, deputy head of the National Rural Revitalization Administration, more than 40 million rural household toilets had been refurbished, and the rural sewage treatment rate has reached around 28 percent since China launched a three-year rural living environment upgrade campaign in 2018.

Hard work urged

Xi called for the enterprising spirit of self-reliance and hard work when he visited the Hongqi Canal, or the Red Flag Canal, in Linzhou City of central China’s Henan Province on Friday morning.

The canal, a key irrigation project and major engineering feat of the 1960s, took local people almost 10 years to complete. It was built across the steep Taihang Mountain to bring water to the parched Linxian County, which is now known as Linzhou City.

The Red Flag Canal itself is a monument to the heroic spirit of the people of Linxian County who did not resign themselves to fate or give in to defeat, Xi said.

He urged the younger generation to carry forward the spirit and contribute to the realization of the Second Centenary Goal of building China into a great modern socialist country in all respects. “We are living in an extraordinary time and should live up to it.”

‘Cultural confidence’

During his inspection to the central Chinese city of Anyang, Xi also underscored the importance of building cultural confidence when he visited the Yin Ruins on Friday afternoon.

The ruins boast archaeological remnants of the ancient city of Yin, the last capital of the Shang Dynasty (1600-1046 B.C.). The oracle bone scripts discovered within the ruins are considered to be the oldest Chinese inscriptions.

In 1928, Chinese archaeologists discovered the complex of the ruins, which were added to the World Heritage List in 2006 by UNESCO.

Xi said fine traditional Chinese culture can be better preserved through excavation, studying and protection of cultural relics.

He called on the Chinese people to boost their confidence in Chinese culture and become more confident and proud.

https://news.cgtn.com/news/2022-10-28/Xi-stresses-rural-revitalization-in-inspections-to-Shaanxi-Henan-1eveRpINXA4/index.html

MENA Press Releases

Now & Beyond TV Forum- Grow side by side without harming, run in parallel without interfering

Post author By admin
Post date October 31, 2022

BEIJING, Oct. 30, 2022 /PRNewswire/ — The 20th National Congress of the Communist Party of China has drawn a blueprint for China for the next five years and beyond. What’s its significance to the world? What can the world expect from China in the years forward? And what will Chinese modernization bring to the global community? CGTN organized a special panel discussion titled “Now and Beyond,” hosted by CGTN anchor Liu Xin, to discuss the path forward for China and the world with decision makers and global thinkers.

Now & Beyond TV Forum- Grow side by side without harming, run in parallel without interfering

“The true China message was a message of multilateralism,” says Professor Jeffrey Sachs, the director of the Center for Sustainable Development at Columbia University, when commenting on the biased coverage of U.S. media on the national congress. “China wants a multilateral world under the UN Charter very explicitly. It doesn’t seek domination; it doesn’t seek conflict in any way. And the message is absolutely explicit…What we need is dialogue, we need better understanding,” Professor Sachs emphasizes.

“President Xi’s central message to the world is that China does want to commit itself to a peaceful world and pursues peaceful co-existence,” Xie Tao, professor and dean of the School of International Relations and Diplomacy at Beijing Foreign Studies University, echoes Professor Sachs’s comment, adding that “China does not impose or export its own values, institutions to other countries, neither does China would like to see other countries to tell us what you should do. China has a massive population. China is very different from many other countries. And China is going to achieve national rejuvenation through a Chinese path to modernization,” Xie states.

This is the first time that Chinese modernization is written into a report to the national congress and it’s the blueprint for China’s future. Martin Jacques, senior fellow at the Department of Politics and International Studies at Cambridge University, points out that Under American-style globalization, inequality spread across virtually all society. He notes that a key aspect of Chinese modernization is about common prosperity, and that if China can reverse the trend of inequality and create a more equitable environment, that’d have great impact around the world. “In the 21st century, whatever is good for the China needs to be good for the rest of the world. And whatever is good for the rest of the world needs to be good for China. This is the 21st century, we are living in the same planet,” says the former foreign minister of Spain Arancha Gonzalez Laya.

Benyamin Poghosyan, the director of the Center for Political and Economic Strategic Studies, says that the attempts to divide the world into black and white is very concerning and that medium and smaller powers appreciate that China does not see the world through confrontation lenses as such a division would put medium and smaller powers in a difficult place. As inflation, energy crisis, food crisis and other challenges threatens everyone, cooperation between greater powers are much anticipated.

Many countries don’t want to choose between China and the U.S., former UN Environment Executive Director and Under-Secretary-General of the United Nations Erik Solheim points out. The South African Ambassador to China Siyabonga Cyprian Cwele says that there are a lot of things countries can learn from China. South African and other countries will not be made to choose but will accept anyone who respect their systems and be partner with them, says Cwele. Partnerships is what many countries are looking for, not coercions.

“You can lead either, by example, or generosity, or multilateral cooperation; or you can lead by coercion, you can lead by predation and the unilateral action,” Professor Xie says, “China obviously has pursued the first route.” He believes that global leadership for China is about providing benefits to the rest of the world, not for the claim of hegemony.

“All living things may grow side by side without harming one another, and different roads may run in parallel without interfering with one another,” General Secretary Xi Jinping quoted an ancient Confucius philosophy in his report to the 20th national congress of the CPC. In a world where conflict and differences seem to trump cooperation and management, respect for differences and finding ways to move forward together is craved by many countries. China seeks a peaceful path to modernization and partnership with the global community.

Video – https://www.youtube.com/watch?v=kj2vD1_Xef8
Photo – https://mma.prnewswire.com/media/1933029/image.jpg

General

SpaceX tests Starlink satellite internet service in southern Jordan

Post author By admin
Post date October 31, 2022

American aerospace company SpaceX has tested its flagship satellite internet service, Starlink, in southern Jordan, and recorded download speeds of 100 to 200 Mbps, according to a statement released Monday by the Jordan Telecommunications Regulatory Commission (TRC).

According to TRC, this is the first test of its kind for the American company in the Middle East, where the Starlink service is still unavailable.

This satellite Internet service is currently available in the United States, Canada, much of Europe, Australia, Japan, and parts of South America, according to an interactive map of the world on the Starlink website.

TRC added that it welcomes conducting technical tests of telecommunication services in sparsely populated, remote areas where the Internet and communications are currently not available.

SpaceX started launching Starlink satellites in 2019. As of September 2022, Starlink consists of over 3,000 mass-produced small satellites in low Earth orbit, which communicate with designated ground transceivers.

Source: Jordan News Agency

General

KOICA Jordan holds 2022 Partners Workshop

Post author By admin
Post date October 31, 2022

KOICA Jordan Office has held the “2022 Partners Workshop – World Friends Korea (WFK) Volunteer Program” to commemorate the resumption of the program and strengthen the partnership between KOICA and its partners in the Kingdom.

The workshop included several sessions covering a wide range of topics, such as reviewing program updates, the volunteer enlistment process, and KOICA’s commitment to partner satisfaction. Another session focused on KOICA’s anti-corruption compliances and internal and global efforts to combat corruption, according to a KOICA statement released Monday.

During the workshop, attended by the directors of host organizations and representatives from concerned ministries, Country Director of KOICA Jordan Office, Seo Dongsung, expressed his gratitude to KOICA’s partners for their cooperation and contribution to the program’s success for the past 16 years and its resumption in the second half of 2022. He also praised the new volunteers who came to Jordan to share their knowledge and experience despite the prevailing circumstances.

The workshop concluded with a feedback session for KOICA’s partners who voiced their questions, concerns and opinions regarding WFK Volunteer Program. KOICA responded to each question and pledged its commitment to assist Jordan and reassured to continue the partners’ positive experience with KOICA’s volunteers.

KOICA sought this workshop as an excellent opportunity to meet with the directors of host organizations and representatives of the concerned ministries; as the WFK program has finally resumed after the outbreak of COVID-19 and the subsequent evacuation of KOICA volunteers in April 2020.

Three new volunteers were dispatched to Jordan in July 2022, after two and half years, in the fields of youth development and music education to the Ministry of Education, Ministry of Social Development and Ministry of Culture respectively. The number of volunteers is expected to grow in the next coming months, the statement added.

Source: Jordan News Agency

General

Int@j launches communication service for MENA ICT forum participants

Post author By admin
Post date October 31, 2022

The Information and Communications Technology Association of Jordan (int@j) has launched a service accessible via browser and mobile application to facilitate direct communication between participants at the Middle East and North Africa Communications and Information Technology Forum (MENA ICT Forum 2022).

Through the service, delegates, exhibitors, investors, startups, and speakers can communicate and set up B2B meetings before, during, and after the forum, improving their overall digital experience, according to a press release issued by Int@j on Monday.

The agenda for the forum was also made available by Int@j on its official website, menaictforum.com, and a mobile application. The agenda is divided into two tracks: one is focused on startups, and the other is related to communications and information technology.

In order to make the bilateral meetings “B2B” successful and reap the greatest rewards from joining the forum’s community, the service user will be able to check the specifics, dates, and location of the meetings.

Additionally, this communication service will help participating startups gain access to new markets and enable Startup Village entrepreneurs to connect with potential investors and business partners and schedule meetings.

More than 127 speakers and experts from Jordan, neighboring countries and across the world will be participating in sessions and dialogues in the MENA ICT Forum, which will take place next November 16 and 17 at the Dead Sea, in addition to 67 participants representing 50+ investment funds from the region, including the United Arab Emirates, Saudi Arabia, Iraq, Lebanon, Palestine, Oman, Kuwait, Egypt, Turkey and many others, alongside the Chinese Investment Fund operating in the Middle East and North Africa.

The forum is organized by int@j, in partnership with the Ministry of Digital Economy and Entrepreneurship and in a strategic partnership with the Central Bank of Jordan, as well as Ministry of Investment as Investment Partner on November 16 and 17, at the King Hussein Convention Center in the Dead Sea.

Source: Jordan News Agency

General

Jordan to partake in Baghdad International Fair

Post author By admin
Post date October 31, 2022

The Ministry of Investment is making final arrangements to open a Jordanian pavilion at the 46th Baghdad International Fair, which will run from November 1st to 10th.

According to a ministry statement issued Monday, 30 large industrial companies are taking part in the fair as well as several hospitals, in a bid to promote medical tourism in the Kingdom.

Chemical, engineering, metallurgical, electrical, plastic, cosmetics, design, and food industries will be showcasing their products in the global fair.

Source: Jordan News Agency

Technology

JUST, American universities sign cooperation agreements

Post author By admin
Post date October 31, 2022

The Jordan University of Science and Technology (JUST) signed bilateral cooperation agreements that frame strategic partnerships with American universities, namely: Wisconsin-Madison, Wisconsin Milwaukee, Illinois Chicago, Purdue in Indiana and the Illinois Institute of Technology.

The agreements, recently signed by JUST President Prof. Khalid El-Salem in the United States, aim to exchange students and faculty members, research cooperation, and provide opportunities for advanced medical training and postgraduate studies in these universities, a JUST statement said Monday.

These agreements are expected to give preferential status to JUST students at the bachelor’s and higher specialization levels for the students in the Faculty of Medicine in terms of the possibility of having optional training in these universities, the statement added.

According to the agreement, the field has also been opened for scholarships in a group of rare specialties in the medical, engineering, information technology and artificial intelligence fields, in addition to clinical specialties in veterinary medicine.

During the bilateral meetings, El-Salem gave a briefing on JUST and its distinguished global position in various international classifications in general and at the level of specialization.

For their part, the presidents of the said US universities stressed the importance of concluding such bilateral agreements with the university, especially in light of the advanced level these universities perceive for JUST graduates who complete their higher studies and specialized training.

Source: Jordan News Agency