Category Archives: Resource Based Economy

The construction sector may hold the key to reviving the economy ravaged by the fallout from COVID-19. Though it suffered some setbacks, the construction industry on a more significant level has remained resilient amidst the barrage of economic disruptions.

With an average of 7.7% in GVA in the last five years, the construction and infrastructure sector are fundamental in initiating economic recovery measures. Being the livelihood of more than 50 million people, it directly impacts various industries, stimulates demand, creates jobs, and revives the economy back to normalcy.

Infrastructure and Economic Growth

Infrastructure is recognised as a prominent enabler of economic growth. It triggers a big multiplier effect, churning the development cycle through industries like steel, cement, technology, construction equipment, etc. This, in turn, increases employment and improves supply chain efficiency while developing robust public infrastructure. In order to nurse the economy back to health, the government of India has increased capital spending to 26%, with special emphasis on the infrastructure sector.

Balancing the Scales

Focusing on large-scale construction initiatives will keep local businesses and workforces engaged. This can be facilitated by reviving the large projects halted due to lockdown restrictions. Construction projects can directly impact local businesses by hiring native workers to join the labour teams and obtaining raw materials from local sources. This provides more income for the employed firms to pass on to others around the area. Also, the local businesses in the particular locality can cater to the project needs better without tedious supply networks and logistics.

Focusing on Maintenance Infrastructure

For quick recovery, it is highly beneficial for the government to focus on maintenance-based projects and backlogs. Maintenance projects are approved faster, hastens mobilisation of funds and rewards the communities in the area. Diverting attention to maintenance based projects in different locations will ensure infrastructure development and citizen growth on a grassroots level.

Accelerating Green Infrastructure

Investments in green infrastructure can play a vital role in kickstarting economic recovery post-COVID-19. Construction firms can aid recovery by embracing green infrastructure. However, there must be an adoption of eco-friendly projects on the national level, influencing the transport sector towards adopting electrified transportation systems and promoting the restoration of the ecosystem.

Challenges

Financing infrastructure development is one of the most challenging and critical issues, especially in the post-COVID scenario due to the scarcity of resources.

In the absence of a robust and deep bond market in India, many construction projects have so far been funded by commercial banks limiting the scope for long term PPP (Public Private Partnership) projects. Also, with the increasing NPA (Non-Performing Assets) accounts in the infra sector, the capital lending by the commercial banks for infra projects has been at an all-time low. The post covid world is expected to increase NPA further, restricting investments from commercial banks.

Technology the Juice to Infrastructure Growth

Technology has become an absolute necessity in the pandemic. Not just it has ensured continuity, but it has laid a premise for the future of the workplace through profound technological enhancements. Large scale Engineering, Construction & Infrastructure enterprises (EC&O) have tasted the potential of technology in the form of IoT, ERP implementation and other on-premise and off-premise enhancements through innovation. Once these enterprise technologies are viewed as a necessity and adopted into the daily running of businesses, all post-covid projects will endure less time and cost for completion.

Other technological innovations for infrastructure like automation are reducing compliance work and managing efficiency, real-time resource analysis and planning. Dependence on technology in the new reality will prompt decision making processes and enhance project profitability.

Quick economic recovery is the ultimate priority today. This has underlined the urgency and importance of infra sector development and requires prominent actions with a clear intent and commitment to achieve sustainable economic growth.Source: Financial Express

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Role of the infrastructure and construction sectors in a recovering economy - Hellenic Shipping News Worldwide

Calling all river-lovers: On July 24 and 25, the Androscoggin Riverfest is coming to the Lewiston-Auburn area, promising two days filled with river-based activities for those who participate.

Our region is centered with two cities at the heart, and between them sits the Androscoggin River, said Shanna Cox, President and CEO of the L/A Metropolitan Chamber of Commerce. The river flows through the heart of our communities as activity and engagement on the river sends lifeblood through our downtowns and economy.

The Androscoggin River is a natural resource that we have, for centuries, clustered business and community life and activity around. Holding placemaking events along the river- in both cities- supports foot traffic for local businesses, showcases a river that has become cleaner and can be used for recreating, and promotes the location as part of our regions overall quality of life and economy, Cox added.

Last summer, the L/A Metro Chamber of Commerce partnered with the Androscoggin Land Trust (ALT) for the ALT RiverRace. Ultimately, the race did not happen due to the pandemic.

This summer, members of the community can look forward to two different events on Saturday, July 24th, and Sunday, July 25th: the Riverfest Regatta and the 2021 RiverRace.

Saturday features a celebration of the very first Riverfest Regatta in the L/A area. Lewiston Rowing is partnering with the City of Lewiston, Merrymeeting Community Rowing Association, Tree Street Youth, and Healthy Neighborhoods to bring an exhibition regatta to the Androscoggin Rivers shores at Simard-Payne park.

Were having our first ever downtown rowing regatta, which is so cool by itself, said Amy Smith, the organizer of the Riverfest Regatta. The river has always sort of taken the short end of the stick, you know. People look down on it when its really this gem for both cities, and important for economic development.

The Regatta runs from 7 a.m. to noon and will be followed by a Try a Boat event at Simard-Park, as well as music, a beer garden, a food truck, vendors, and even a twilight movie.

On Sunday, the ALT and the Lewiston Auburn Metropolitan Chamber are hosting the 2021 RiverRace, which will take place at the Simard-Payne park and Auburn boat ramp from 7:30 a.m. to noon.

There are three race course options: the Family Fun Paddle, the Falls Run, and the LA Scavenger.

Peter Rubins, chairman of the Grow L+As River Working Group, described the rivers transformation over the past fifty years: from unusable to perfect for recreational use today.

The impression that most people have of the river is that it was once terribly polluted, Rubins said. Fifty years ago, it was an open sewer. People remember that. Events like this give people a re-image of the river. Since Muskie was our senator, he introduced the Clean Air Act and the Clean Water Act. Events like this encourage people to understand that what Muskie started is actually coming to fruition.

He said Friends of Casco Bay, Androscoggin River Watershed Council, Trout Unlimited, and the cities of Lewiston and Auburn are currently working in coalition to reclassify part of the river from class C to class B.

The bill [Maine Senate Bill 676] hopes to create a better image of the river, Rubins continued. Thats what this river celebration is about: increasing river recreation.

Six organizations are partners for the success of the river, including the Androscoggin Land Trust, L/A Metro Chamber of Commerce, Lewiston Community Rowing, the Androscoggin River Watershed Council, the City of Lewiston, and the City of Auburn.

The main participants of this event are Lewiston Rowing, Tree Street Youth, the L/A Chamber of Commerce, the Androscoggin Land Trust, and the Cities of Lewiston and Auburn.

After a year of pandemic-induced isolation and cancelled events, the hope is that people will come to the event and enjoy themselves.

We modified the event because of COVID, Smith said. Im just really looking forward to people having fun, being outside, and getting out on the river and enjoying it. For everybody to enjoy it, whether youre on the river or just watching, because its designed to be very spectator friendly.

For Cox, the outdoors aspect of the event might be one of its greatest appeals.

I hope [people] remember seeing the river activated and realize this is a great place to paddle, walk, throw a frisbee and more, she said. Our big hope is that folks are able to see the river and the three riverside parks as something they can use and frequent year-round.

Those who are interested can look forward to future river-based events as well. For example, Lewiston Rowing is sponsoring a community Touch a Boat barbecue and a water safety event on June 29. The goal, Smith says, is to get folks in the downtown community interested in the river and to understand how to be safe around the water.

Check https://androalive.com/ for the latest updates on the Androscoggin Riverfest and future river-based events.

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Androscoggin Riverfest brings summer joy to the community - Lewiston Sun Journal

Japanese Defense Minister Nobuo Kishi said the security of Taiwan was directly linked with that of Japan, as tensions around the island build up and its defenses are increasingly overshadowed by Chinas military might.

The comments from a cabinet minister known for his close ties to Taipei came a week after China sent 28 warplanes near Taiwan, in the latest ratcheting up of military pressure around the democratically ruled island, 110 km (68 miles) from Japan at its nearest point. Beijing claims Taiwan as part of its territory.

The peace and stability of Taiwan are directly connected to Japan and we are closely monitoring ties between China and Taiwan, as well as Chinese military activity, Kishi said in an interview with Bloomberg on Thursday. As China strengthens its military, its balance with Taiwan is tipping heavily to the Chinese side, he said, adding the gap is widening every year.

Taiwan is crucial for Tokyo, with the Luzon Strait to the south an important shipping lane for the energy tankers resource-poor Japan relies on to power its economy.

On April 17, Kishi visited Yonaguni, the nearest Japanese island to Taiwan and network FNN reported him as saying days later at a ruling party seminar that if Taiwan turns red, the situation may change drastically, and Japan needs to be ready for that. Chinas Foreign Ministry called the comments reckless and irresponsible.

The younger brother of former Prime Minister Shinzo Abe, Kishi was among a group of lawmakers who paid a visit to Taipei last year to convey condolences over the death of its former president, Lee Teng-hui.

Taiwan has become an increasingly important topic for the U.S. and its allies, many of whom are concerned about Chinas growing assertiveness around an island whose semiconductor industry has become a linchpin of the global supply chain. Japan announced plans Friday to send an additional 1 million vaccine doses to Taiwan, after it shipped 1.24 million doses at the start of June as Taipei was struggling to procure its own supplies and blamed China for impeding shipments of the shots.

Japans Prime Minister Yoshihide Suga and U.S. President Joe Biden emphasized the importance of reducing tensions in the Taiwan Strait following their April summit, the first mention of the issue in a joint statement since 1969.

In the same statement, Japan, whose pacifist constitution leaves it heavily dependent on the U.S. for its nuclear umbrella, vowed to bolster its own defense capabilities. Asked how this would affect a defense budget that has been increasing for nine years, Kishi said a limit of 1% of gross domestic product wouldnt necessarily apply.

Our defense spending should be based on what equipment and personnel the country needs for its defense, as well as the national security situation, he said, adding that the country has not tried to keep to the limit since the 1980s. I dont think its appropriate to link it automatically to GDP.

Here are some highlights from the interview:

China is continuously increasing its defense spending at a high rate, with a lack of transparency, he said. It is also developing game-changing technology.

The addition of two planned ships equipped with Aegis ballistic missile defense equipment as a replacement for a land-based system abandoned last year due to safety concerns will make it possible to build a system to protect Japans territory continuously in combination with existing Aegis ships.

Japan, the U.S., Australia and India, known as the Quad, are free and share values and are responsible partners in the region. The efforts of the Quad arent aimed at any particular country, but are based on common values concerning the freedom of the oceans.

Transferring defense technology to other countries will contribute to peace, international cooperation and the security of those countries, as well as to the strengthening of our defense industry base.

With assistance by Takashi Hirokawa

(Updates with vaccine shipment to Taiwan in paragraph seven.)

Before it's here, it's on the Bloomberg Terminal.

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Japan Sees China-Taiwan Friction as Threat to Its Security - Bloomberg

S2G Ventures has invested in five different companies as part of the inaugural investments for its $100 million Oceans & Seafood fund. The point of the new fund is to support companies and entrepreneurs building new systems, solutions, and processes geared towards the blue economy.

The World Bank defines the blue economy as the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystems. In other words, it calls for a more sustainable approach to doing business when it comes to our oceans and the life within them.Multiple areas are touched by the blue economy, including maritime transport, renewable energy, fisheries, and waste management strategies.Even tourism could play a role.

Via a statement, S2G Managing Director Kate Danaher called sustainably managed ocean ecosystems a pillar of global environmental recovery, a driver of economic growth, and a foundation for food security and human health. The firm says its Oceans & Seafood fund is the largest in North America. It will invest in companies helping to build marine ecosystem resilience, de-risk the ocean supply chain, maximize the value of natural resources and support animal and human health.

Thus far, companies in S2Gs group of inaugural investments are:

ReelData. Based in Canada, the company makes software it says can increase land-based aquacultures profitability, sustainability, and scalability. Initial products include AI-informed feeding systems, biomass estimation and health/stress analytics.

ViAqua Therapeutics. The Israel-based biotech producer makes orally administered RNA-based treatments for shrimp to improve their resistance to disease. S2G says the company has the potential to apply its technology across all aquaculture species and platforms where cost-effective RNA production and novel delivery systems (such as nano and micro encapsulation) are needed.

Moleaer. U.S.-based Moleaer has nanobubble tech that can treat water systems, including removing harmful pathogens and increasing recoveries of natural resources.

Additionally, S2G has invested in two undisclosed companies. One is an ocean surveillance company that will track dark vessels and illegal maritime activity. The other is a fishmeal and oil technology company based in the U.S. that holds proprietary zero-waste fishmeal technology that could be applied to other parts of protein production in fisheries.

The focus of the overall fund will be divided into three areas: ecosystem resillience, resource optimization, and consumer centricity. S2G said it believes focusing on these areas will improve ocean health while still generating above average financial returns.

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S2G Ventures Unveils the First Five Investments for Its Oceans & Seafood Fund - The Spoon

CHICAGO--(BUSINESS WIRE)--Rheaply, a climate tech company that combines a resource-sharing network with a user-friendly asset management platform, today announced that it has raised a $2.2 million inter-series funding round led by Microsofts Climate Innovation Fund, with additional investments made by MIT Solves investment arm, Solve Innovation Future. The investments will be directed toward building carbon-based reporting into the platform, so companies can measure carbon emissions reductions as they utilize the platform.

Rheaplys unique platform, Asset Exchange Manager (AxM)TM, maximizes the reuse, remanufacturing, and exchange of resources within and across organizations. The platform tracks inventory and depreciation, allowing users to better visualize, quantify, and utilize surplus assets, or to dispose of them properly. The transparent asset management system also offers facilitated peer-to-peer asset exchange, a gamified online marketplace, and sustainability metricsenabling less waste and more cost-effective reuse.

Now, Rheaply will implement a multi-phase carbon product roadmap to align with key milestones and objectives defined in partnership with Microsoft. This will help organizations tie material reuse to carbon accounting and credit opportunities. Rheaplys platform will be the first to bring this metric to the B2B asset exchange technology market.

Given Microsofts status as a leader in corporate sustainability efforts, we are thrilled to be able to collaborate with them, said Garry Cooper, CEO and Co-founder of Rheaply. We are thrilled to have the support of Microsoft and MIT Solve as we work to change the way that organizations view reuse efforts and empower every employee to contribute to corporate net zero carbon and waste efforts.

When we set our company commitment to become carbon negative by 2030, we knew that we needed to chart a course that would enable other organizations to follow, said Brandon Middaugh, Director of Microsofts Climate Innovation Fund. For us, that means investing in innovative climate solutions like Rheaplys. By adding carbon-reduction insights to its circular economy platform, Rheaply will make it possible for organizations to set and reach carbon-reduction targets through resource sharing."

Solve Innovation Future was created for opportunities such as thisto provide catalytic support to our Solver teams efforts and advance real, impactful change in our world, said Casey van der Stricht, Principal, Solve Innovation Future, the investment arm of MIT Solve. Were excited to help position Rheaply as the industry leader in accountable, measurable impact for reuse through carbon-based reporting, and to support Garry on his vision of a shared and circular economy for innovation.

To date, Rheaply has helped organizations divert over 15 metric tons of waste and produce millions of dollars in cost savings over 5,000 transactions to help fuel the circular economy. The companys platform currently services private enterprises, universities, and government entities, including the U.S. Air Force, Google, AbbVie, Exelon, MIT, Rutgers University, Barnard College, University of Illinois at Chicago, and Washington University in St. Louis.

This funding continues to build on the companys momentum and expansion and follows a recent $8 million Series A round in February 2021 led by High Alpha, and last years $2.5 million seed round.

About RheaplyRheaply is the technology for connecting professionals with resources and catalyzing the circular economy. As the only market solution that combines an asset management system with an online marketplace, Rheaplys Asset Exchange Manager (AxM)TM enables organizations to manage and transact physical assets more effectively, eliminating unnecessary waste and spend. To learn more about Rheaply, visit rheaply.com or follow @RheaplyInc.

For career inquiries, contact careers@rheaply.com.

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Rheaply Closes $2.2 Million Inter-series Funding Round with Microsoft's Climate Innovation Fund and MIT Solve - Business Wire

Photograph Source: Cover of Hinterland: Americas New Landscape of Class and Conflict by Phil A. Neel

When the U.S. had its first great break-up in 1861, the geography was fairly well defined. The core area of the Southern slaveocracy versus the rising industrial North. There were conflicts within the border states that stuck with the Union. Copperhead confederacy sympathizers existed in pockets of the North. But the lines of battle were pretty clear.

The geographies of todays cold civil war are far more complicated. States are split between urban and rural.Metropolitan regions are splintered.Urban cores and increasingly multiethnic and working-class inner suburbs are in tension with largely White outer suburbs and exurbs.

The fragmented geography of a dividing U.S. is the center of a recent book by Phil A. Neel,Hinterland: Americas New Landscape of Class and Conflict.(Reaktion Books, London, 2018). In this two-part series, I first offer Neels overview of this fractured landscape, then in the second part give my own analysis with some ideas on how to pull it back together.

As the title indicates, Neel sees the national terrain ripped by class divisions in an increasingly unequal society, setting rural areas where employment possibilities have collapsed against metropolitan regions where the winners are concentrated.But not everyone.Neel illuminates the complex rifts within the metropole, where the number of poor in suburban areas exceeded those in cities proper by 2011, and White flight to the outer rings has created the core geography of the U.S. right.

Neel defines the loser regions as two hinterlands, mostly defined by distance from prosperous urban cores. A far hinterland of collapsed economies is mostly rural. The near hinterland is largely those inner suburban rings where working class people unable to afford increasingly expensive cities are being driven.

Neel brings a unique perspective, a framework of hard left analysis built on a foundation of hard knocks life experiences. He has seen the degradation of rural areas. Neel grew up in a trailer in the Siskiyou Mountains near the California-Oregon border, where natural resource-based economies have declined, and worked in the northern Nevada town of Winnemucca.

The way of life has been destroyed in a devastating, irrevocable fashion, essential industries torn out from under us, ecosystems razed, and everyone left suffering not just material deprivation but an expansive social and cultural collapse that can only be characterized as apocalyptic, Neel writes. The meth-sodden tweaker is the vanguard of whatevers coming. . . the most basic recognition of the ways in which the far hinterland has been made futureless, an organic nihilism emerging from the American countryside, unprecedented and unpredictable.

With traditional economies in decline, rural areas become dependent on climate-driven disaster industries funded by government.If timber and ore were the gods of the old west, fire and flood are the gods of the new one. Highway departments fix roads washed out by annual landslides. Wildfires draw in armies of firefighters, their efforts setting the stage for even larger fires. There is no final crisis, just the continual management of widening collapse.

The far hinterlands extreme crisis acts as a sort of window into the future of class conflict in the United States.Neel is critical of both left and liberal approaches to rural areas.Liberals do not much care about such low-output, low-population areas.Being substantially from the managerial class, they are focused on the important part of the economy, the metropolitan.Meanwhile, the left has largely retreated from the far hinterland, where it traditionally did labor organizing, to coastal cities and college towns, downplaying issues of class and poverty that cuts across ethnic lines in favor of identity politics.

One group is organizing in the far hinterland, though. Neel provides a chilling description of efforts by Patriot groups such as the Oathkeeperswho anticipate a coming civil war between conservative rural areas and liberal cities. They are moving into the gaps left by failing public services, offering their own substitutes. Building power in the underserved interstices hearkens to competitive control concepts of insurgency, Neel notes.The thing that makes the Patriots unique, then, is their recognition of the need to build power within these wastelands . . . Resistance will first emerge in the far hinterland, where the right can organize and form a rural base of power aimed at taking control of federal lands and resources.Neels writing calls to mind rancher Ammon Bundys war with federal land managers.

Neel cites writings from Jack Donovan, leader of the Cascadia chapter of the Wolves of Vineland, a neo-pagan, White ethno-nationalist cult.Donovan speaks of creating tribes that go back to the land to build autonomous zones. The appropriation of languages common in anarchist and other subcultures, even the bioregional descriptor Cascadia, should raise red flags.Tendencies that look to third way organizing, where left and right supposedly meet, can easily fall into traps. The litmus test, Neel accurately points out, is whether the politics supports a circle-the-wagons approach to the outer world, or affirms the commonality of humanity. For instance, should public lands be placed under local control or kept in the common domain? Local organizing that addresses local needs is crucial on every landscape, but it must connect to broader causes, inclusionary rather than exclusionary.

The author has also experienced urban life from the bottom end. Neel describes how he journeyed south into California in a barely functional car looking for work.Finding none he ventured north to Seattle, where he still lives.

Skyscrapers and construction cranes glinted in the late-setting September sun. Staring at the skyline, you could almost hear the capital pouring in from the other end of the Pacific Rim . . . It was my first time attempting to live in such a city in any city, really.People often dont realize that the barriers to entry for these narrow corridors of prosperity are almost impossibly high for those of us migrating from the countryside. Neel found work in an industrial kitchen on the south end. That hinterland of decaying, industrialized suburbia seemed to offer a certain counterpoint to the creative class and its urban palace. From this distance, hidden sightlines could be found and the occluded core of the regions economy unveiled.

What Neel saw in that area near Seattle-Tacoma International Airport, also a major truck-rail link and warehousing hub for the seaport with its strategic location close to the markets of Asia, was the true center of the world economy . . . not to be found in the creative, financialized, or high-tech downtown cores of its global cities, but instead in the complex mesh of material infrastructure that links them together . . . the vast logistics-industrial spaces that extend laterally from these cores. . .

That near hinterland will likely be the central theater in the coming class war . . . large populations of people who have been made surplus to the economy live and work along its integral corridors. In another place, he writes, . . . the near hinterland is particularly important, since future struggles on such sites have the capacity to fundamentally cripple global supply chains in a way that occupation of parliaments or parks in front of financial centers do not . . . giving them the ability to spread disruption beyond the local sphere in a way not dependent on media spectacle.

Meanwhile, the whitening exurb, not the rural area, is the material core of the far right. It is where wealthier landholders, business owners, cops, soldiers and self-employed contractors tend to live. This is the geography of latent civil war, the interests of the wealthy downtown core aligned with its extremities in the form of the militarized white exurb, a recruiting hub for the far right. The exurb is the link point between metropolitan and non-metropolitan forces, and will be central to attempts to control the near hinterland, he asserts.

Neel reports on his own journey to an early struggle in the near hinterland. He and a group of black-clad friends, all of whom met during the 2011 Occupy Seattle protests, visited Ferguson, Missouri, site of the 2014 Black Lives Matter protests that followed the police killing of Michael Brown. The first round of riots was then only major uprising in an American suburb within living memory. Ferguson is the unambiguous entry of the United States into the global era of riots, born of a collapsing social order.Events since have born him out.

The uprising was grounded in the deindustrialization of the St. Louis era, last hired-first fired Black people seeking cheaper rents in the suburbs, and systematic police abuse. Ferguson covers declining revenues with tickets, court fees and warrants. In 2013, when 35,975 warrants were out in a town of 21,000, tickets and fees represented 20% of the towns budget.

The author and his friends were there to observe and learn. He contrasted cities, heavily surveilled and policed, having dense land use patterns that lend themselves to crowd control, with near hinterland placessuch as Ferguson. A minimum of streetlights, many back streets onto which protestors could escape, fewer police.

Neels future is one of a long crisis, of conflict ramifying to conflict, with unpredictable outcomes. He sees himself and his cohort as not a single, temporarily fucked generation but instead the first in a grand parade of the futureless. When the next bubbles burst and the gains of the tech industry are shown to be hollow .. . those within the hinterland will increasingly be thrown into a condition of survival on the edge. . . Younger generations will bear the brunt.. . . I dont know whats coming, even though I know something is rolling toward us in darkness, and the world can end in more ways than one.

In the next part, I will offer my analysis of how class struggles intersect with a geographically fragmented U.S., including some crucial dynamics within the urban core that I think Neel underplays.Are there slivers of daylight in a darkness Neel all too accurately depicts? Ill try to begin answering that question.

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Conflict in the Hinterlands: the Fragmented Geography of the Cold Civil War - CounterPunch.org - CounterPunch

The new World Bank report,Banking on Protected Areas: Promoting Sustainable Protected Area Tourism to Benefit Local Communities, was launched on June 14, 2021. The report estimates the economic impact of tourism in protected areas on the local economies and makes the case that the promotion of sustainable tourism in protected areas should be actively included in economic development and recovery strategies given its ability to support economic growth, generate jobs and conserve biodiversity.

At this online seminar, co-authors of the report, Urvashi Narain, Lead Economist, Environment, Natural Resources and Blue Economy Global Practice, andPhoebe Spencer, Environment Specialist, Environment, Natural Resources, and Blue Economy Global Practice, will introduce the main points of the report. This seminar will be conducted in English, without interpretation into Japanese.

8am-9am, Friday June 25, 2021 (Japan Standard Time)

https://youtu.be/Y-Kyl-bLjEU

Please send your questions to the speakers via online form posted on this webpage.

Urvashi Narain is a lead economist in the World Banks Environment, Natural Resources, and Blue Economy global practice, with over 20 years experience on issues at the intersection of environment and development policy. Her areas of expertise span from air pollution management, and watershed management, to nature-based tourism. She led the 2016 World Bank publication: The Cost of Air Pollution: Strengthening the Economic Case for Action that influenced World Bank operations in air quality management across South Asia, Middle East and North Africa, and Eastern Europe and Central Asia. Currently she leads the Air Pollution and COVID-19 initiative at the Bank. For the past six years she has developed a partnership with the Natural Capital Project to bring innovative tools to World Bank operations on watershed management mapping, valuing, and prioritizing investments in ecosystem services. Until recently she led the Nature-based Tourism Community at the World Bank, and currently leads the Environmental Economics Community, a group of 40 environmental economists at the World Bank. She has published widely in peer-reviewed journals including Journal of Environmental Economics and Management, Environmental and Resource Economics, and Land Economics.

Phoebe Spencer joined the World Bank in 2017 and entered the Young Professionals Program in September 2020, working with the Environment, Natural Resources, and Blue Economy Global Practice in the East & Southern Africa Region. Phoebe currently works on the economics of protected area tourism, avoiding degradation of forest resources in Madagascar, implementing the World Banks Environmental and Social Framework, and understanding relationships between natural resource management, fragility, and conflict. Phoebe holds a PhD in Natural Resources and an MSc in Community Development and Applied Economics from the University of Vermont and a BA in Anthropology and Geography from McGill University. Prior to joining the World Bank, she conducted research with the UN Statistics Division and the McGill Institute for Health and Social Policy.

Banking on Protected Areas: Promoting Sustainable Protected Area Tourism to Benefit Local Communities (PDF)

World Bank Group Morning Seminar

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World Bank Online Morning Seminar #111 Banking on Protected Areas: Promoting Sustainable Protected Area Tourism to Benefit Local Communities - World...

VANCOUVER, British Columbia, June 24, 2021 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (TSX-V/AIM: CUSN) (Cornish Metals or the Company), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce that it has released its interim financial statements and management, discussion and analysis (MD&A) for the three months ended 30 April 2021. The reports are available under the Companys profile on SEDAR (www.sedar.com) and on the Companys website (www.cornishmetals.com).

Highlights for the three months ended April 30, 2021 and for the period ending June 23, 2021

Richard Williams, CEO of Cornish Metals, stated, I am delighted with what the Company has achieved in the last few months a highly successful listing on AIM which surpassed our expectations, the conversion of the Osisko loan note into two royalties which endorsed the quality of the Companys projects in Cornwall, a substantial increase in mineral resource for South Crofty and the commencement of the exploration programme at United Downs. I look forward to reporting imminently on the initial results of that exploration programme once the assays from the first few drill holes have been assessed.

Longer term, we are continuing to assess various financing options to progress South Crofty which remains a key strategic asset for the Company. South Crofty could potentially play a pivotal role in securing a domestic and sustainable source of battery metals as the UK transitions to a low carbon economy.

Key financial metrics for the first quarter

Outlook

The proceeds from the recently completed AIM listing are to be used to conduct a drill program at the United Downs exploration project, to conduct initial field work on other high priority exploration targets within transport distance of South Crofty, and for general working capital purposes. Management believes that, subject to drilling success, the proceeds from the AIM listing will result in the Company being fully funded to the completion of a maiden JORC resource at the United Downs exploration project.

Within 12 to 18 months of the date of the AIM listing, the Company plans to:

In the longer term, the Company intends to develop the South Crofty tin project as and when economic conditions and cashflows are supportive.

ABOUT CORNISH METALS

Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper / tin projects, plus additional mineral rights located in Cornwall, UK, in July 2016 (see Company news release dated July 12, 2016). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc, and tungsten.

ON BEHALF OF THE BOARD OF DIRECTORS

Richard D. WilliamsRichard D. Williams, P.Geo

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution regarding forward looking statements

This news release contains "forward-looking statements", including but not limited to, statements with respect to the continued listing and trading of the Common Shares on the TSX-V and AIM; and the expected commencement of future exploration programs at the United Downs and the South Crofty Mine.

Forward-looking statements, while based on management's best estimates and assumptions at the time such statements are made, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the COVID-19 global pandemic and any variants of COVID-19 which may arise; risks related to the availability of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.

Although Cornish Metals has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cornish Metals undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

CONSOLIDATED CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION(Unaudited Prepared by Management)(Expressed in Canadian dollars)

CONSOLIDATED CONDENSED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS(Unaudited Prepared by Management)(Expressed in Canadian dollars)

CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CASH FLOWS(Unaudited Prepared by Management) (Expressed in Canadian dollars)

CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITYTHREE MONTHS ENDED APRIL 30(Unaudited Prepared by Management) (Expressed in Canadian dollars)

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Cornish Metals Releases Financial Statements and Management's Discussion and Analysis for the Three Months Ending 30 - GlobeNewswire

In the context of Chinas continued growth story despite COVID-19, we look at how businesses invested in the region can strategize to survive and succeed.

The purpose of restructuring in China should go beyond survival from the health crisis. Enterprises in all sectors and industries in China must plan for the next phase when choosing to restructure their business to adapt to a more competitive market, to be a stronger player in a niche sector, to enter a promising sector more speedily, to reshape the market strategy of the group company, to be in better control of the business, and to keep the corporate structure more nimble and flexible to be more resilient in case of any future setbacks.

The last year and a half has been challenging for businesses around the world. With the COVID-19 pandemic recorded early in 2020, and still ongoing as several countries confront new waves of the outbreak, companies around the world are having to make difficult decisions.

An unpredictable global business environment, supply chain disruptions, cash flow concerns, and matters relating to staff management collectively put pressure on companies who are likely planning for their survival during what is now an extended crisis period.

While some businesses have given up and filed for bankruptcy, many others are exploring strategies to address their sustainability, such as through restructuring their company and operations. In fact, a surge of restructuring activity is expected to continue through the year.

Restructuring can be simply understood as a combination of corporate actions taken to modify the companys debt exposure and liabilities, operations, and/or the entity structure to limit financial harm and improve the business viability. Restructuring can help companies in many aspects, such as reducing and consolidating their debt, ensuring talent retention, adoption of new technologies, focus on key products or accounts, and establishing strategies to cut costs, etc.

Following a restructuring, the company should be left with a more streamlined and economically sound business operation, which is risk resilient and competitive in the market. This is not only important for businesses to get through the immediate challenges posed by financial and operational pressures, but also so that they can take advantage of new opportunities that emerge during crises, particularly relevant in the context of China.

In the next sections, we will discuss how the Chinese economy has rebounded from the disruption caused by the initial outbreak of the disease and witnessed the resurgence of economic activity and has presented one of the few centers of growth in a bleak world economy. That has made it even more important for businesses invested in the region to strategize to survive and succeed.

After businesses and factories reopened and internal movement relaxed following the successful implementation of COVID-19 control measures, China proved itself to be a reliable investment destination.

According to official data released by Chinas National Statistic Bureau, foreign direct investment (FDI) into China rose by 6.2 percent year-on-year to RMB 999.98 billion (US$154.58 billion) in 2020, with 38,570 foreign-invested enterprises (FIE) having newly established. China has overtaken the US to become the worlds largest FDI destination. Leading multinational companies, such as ExxoMobil, BMW, Toyota, and Invista, increased their investment into China.

This is in great contrast to the 35 percent plunge in global FDI inflows in 2020, to US$1 trillion from US$1.5 trillion the previous year, according to the World Investment Report 2021, released by the United Nations Conference on Trade and Development (UNCTAD) in June 2021. The report projects that global FDI flows will bottom out in 2021 and recover some lost ground with an increase of 10 to 15 percent. Lockdowns implemented around the world to control the pandemic slowed down existing investment projects, and the prospects of a recession led multinational enterprises to reassess new projects. FDI into developed economies fell by 58 percent partly due to corporate restructuring and intrafirm financial flows. While FDI in developing economies was relatively resilient, declining by eight percent, mainly because of robust flows in Asia, the number of newly announced greenfield projects fell by 42 percent and international project finance deals important for infrastructure by 14 percent in developing countries. As per UNCTADs World Investment Report 2020, FDI into the US declined 64.5 percent in the first half of 2020, while Germany suffered a 23.5 percent FDI decline in the same period. Even Vietnam, the new favorite destination for foreign investors, saw its FDI inflow fall by 5.1 percent in the first eight months of 2020.

The most straightforward reason behind Chinas relatively quick stabilization and move to recovery has been its management of the COVID-19 outbreak, and most recently, its inoculation strategy. Beijing aims to fully inoculate 40 percent of the countrys 1.4 billion people by the end of June this year, and health authorities said on Sunday (June 20) that more than a billion vaccine doses have already been administered. Globally, as of June 19, more than 2.5 billion doses have been administered. Reuters reported Thursday morning that yesterday, June 23, China had administered 24.1 million doses, bringing the official national total to 1.096 billion.

Last year, Chinas COVID spread was overwhelmingly brought into control in February, around two months after the virus was first recognized. In April 2020, Wuhan, the epicenter of the pandemic, lifted its 2.5 months-long lockdown. Despite new clusters emerging across the country from time to time, China has shown its capability in the rapid containment and control of the infectious outbreaks. Most remarkably, it has been able to implement massive test and trace operations wherever the clusters happen, to expose any asymptomatic cases and expel chances of a wider spread of the virus. Such effectiveness in controlling the spread of the virus provides security and confidence to the people living in China, as well as businesses and foreign investors.

By April 2020, 99 percent of large-scale industrial enterprises and 84 percent of small- and medium- sized enterprises had restored their production nationwide. The rate of personnel returning to work was 94 percent by this time. The general public also gradually returned to their pre-epidemic lifestyle, with 637 million people hitting the road for domestic trips during the National Day Golden Week in early October, 79 percent of the numbers recorded in 2019. Consequently, China took the lead, globally, in achieving an economic rebound, having benefited from the early restart of production activity and reopening of logistic links. In the second quarter of 2020, Chinas economy bottomed out and rose by 3.2 percent, making it the only G20 country showing positive growth indicators. In the third quarter, China achieved a 4.9 percent year-on-year growth, in line with market projections.

Cut to 2021 and the Asian Development Bank projects that Chinas economic growth will surge by 8.1 percent in 2021 from 2.3 percent in 2020, before stabilizing at around 5.5 percent in 2022. A median forecast by Bloomberg, based on its survey of economists, put Chinas growth at 8.5 percent in 2021. This growth will be powered by strong exports and gradual recovery in household consumption; nevertheless, market watchers warn that port delays, supply chain disruptions, and declines in consumption activity could easily temper rebound trends.

In comparison, though, most other countries are still struggling to contain the spread of COVID-19 and are experimenting with extended home quarantines, social distancing in public spaces, travel curbs, and constant monitoring of public health. This keeps China in a uniquely advantageous position. With period waves of the pandemic hitting several countries, and new variants of COVID-19, like the latest Delta variant, introducing more severe threats, the proven capability of Chinas central and provincial governments to manage repercussions from unforeseen events and adapt to fast-changing scenarios is appealing to foreign investors.

China is therefore projected to play a bigger role in facilitating the survival of businesses in the global market as well as the rise of new and innovative ventures. Foreign investors who had seriously considered moving out of the country due to the US-China trade war, rising labor and compliance costs, and market competition, are now back to the drawing table to reassess their China strategy. And even if geopolitics play spoiler to regional agreements, like the EU-China CAI, global businesses remain insistent on strengthening and diversifying their China base and market exposure. This is reflected, for instance, in the 2021 American Business in China White Paper released by the American Chamber of Commerce in China on May 11. According to the White Paper, a majority of US businesses remain optimistic about growth opportunities in China and intend to increase their investments. They believe China will steadily increase the pace of its market opening and the focus is turning to Chinas domestic consumption power.

Beyond the swift measures taken to contain the economic fallout of COVID-19, China has other accumulated advantages to back up its outstanding position in the global market and maintain investor confidence.

Chinas sophisticated manufacturing and logistics infrastructure ensures it will not get replaced in the global supply chain easily. According to Xinhua, the state-run press agency, China is the only country that possesses all the industrial categories in the United Nations industrial classification, which allows firms to source goods easily. China also boasts of the largest network of high-speed rail and expressways in terms of mileage, which allows products to be transported efficiently.

The importance of these transport advantages became fully clear during the epidemic when overseas supply chains were seriously disrupted due to the implementation of infection control measures. From the production and supply of masks, protective suits, and medical equipment in the early stage of the epidemic, to consumer electronics, household goods, and festival products during later months, Chinas exports have made up for overseas shortages in all kinds of product segments.

Being the worlds second largest economy, Chinas rising purchasing power, expanding middle class, and a population approaching 1.4 billion, touts it to become the largest retail market in the near future. In 2019, for example, total retail sales of consumer goods hit RMB 41.17 trillion (US$5.97 trillion), according to the National Bureau of Statistics. This trend has remained in the wake of COVID-19. Chinas retail sales of consumer goods grew 17.7 percent year-on-year in April to reach RMB 3.32 trillion (US$515.9 billion), and up 0.32 percent month-on-month, according to the National Bureau of Statistics. In the first four months of 2021, Chinas retail sales of consumer goods grew 29.6 percent year-on-year to reach RMB 13.84 trillion; e-commerce during this period saw 27.6 percent year-on-year growth. While retail sales grew by 12.4 percent year-on-year in May, weaker than expected, it still shows that Chinas consumer and business confidences is picking up as a result of pent-up demand and widespread vaccination. This holds promising for the tourism, hospitality, and recreation industries as well.

The strong domestic market performance will benefit from Chinas dual circulation strategy, which intends to spur Chinas domestic demand, on one hand, and simultaneously create conditions to increase foreign investment and boost production for exports, on the other. The focus on tapping into Chinas internal consumption patterns and domestic markets aims to buffer the impact of global headwinds on the countrys economic and financial stability. This is why Chinas government at the central and provincial levels have sped up market opening reforms to make it easier for businesses to scale up, innovate, and boost economic activity, and as a result, fuel consumption growth.

Bearing this in mind, it is not hard to understand why foreign investors are once again betting big on China. Many have started to produce goods specifically for local consumption in the country, rather than only use China as a production base for export-led manufacturing as in the past. For many companies, China is now their largest market for growth.

China has endeavored to attract foreign investment by further relaxing market access restrictions and by continuously introducing improvements to the business and regulatory environment.

Among others, the negative lists, which indicates industries that are subject to special administrative measures for foreign investors, were shortened again this year. The 2020 National Negative List cut the number of restrictive measures by 17.5 percent, from 40 to 33, and the 2020 FTZ Negative List (covering free trade zones) cut restrictive measures by 18.9 percent, from 37 to 30. The 2020 Market Access Negative List, announced December 2020, has been shortened to 123 items from 131 in 2019 relaxing requirements in sectors, such as oil and gas, resource management, and trading and financial services.

Taking auto manufacturing as an example, the restrictions on the share ratio of foreign investment in commercial vehicle manufacturing has been liberalized. Before, the Chinese party shareholding percentage in commercial automobile manufacturing shall not be less than 50 percent.

Besides, with the Foreign Investment Law and supporting regulations coming into effect 2020, together with other reforms in the areas of company establishment, tax, finance, reporting and compliance management, foreign investors are playing on a more even ground with domestic competitors. Moreover, China has publicly stated its intentions to accelerate market opening reforms. More FTZs were announced to diversify scope and access to preferential incentives, test sector and region-based relaxation of entry norms. On September 21, 2020, China announced it will establish pilot FTZs in Beijing, Tianjin, and Anhui, raising the countrys FTZ tally to 21.

This also constitutes part of Chinas efforts to transform into a more innovative, service, and consumption-driven economy with high-end manufacturing capacity to attract international businesses. This trends towards high-tech innovation and market opening that was initially an outcome of US-China trade tensions will pave the ground for future and sustainable patterns of growth.

To summarize, Chinas containment of the coronavirus outbreak within its borders enabled the quick recovery of its economy. This was helped by Chinas stable social environment, integrated industrial system, efficient and advanced service and logistic networks, well-educated human resources, as well as a sizeable domestic market.

Cumulatively, these factors and outcomes helped the country avoid large-scale relocation of foreign and local companies. Given that COVID-19 is ongoing as the world battles new variants and waves of outbreaks as economies attempt to reopen, disease prevention is the new normal. Chinas performance in navigating this new normal adds to its potential to attract continued FDI.

Despite the upsides, it must be noted that businesses on the ground still face a highly competitive market, with a much smaller window of survival due to global economic turbulence. This is evident when we scrutinize the data more closely while China is leading the world in economic recovery, its growth rate is still vulnerable to global shocks and new outbreaks, such as the one experienced in the southern export powerhouse of Guangdong since May (see our coverage of the coronavirus outbreak in the country here: China Coronavirus Updates: Latest Developments and Business Advisory).

In addition, it can also be observed that large scale enterprises and state-owned enterprises will continue to be at a more advantageous position than smaller and privately-owned businesses. In this context, the purpose of restructuring in China should go beyond survival from the health crisis. Enterprises in all sectors and industries in China must plan for the next phase when choosing to restructure their business to adapt to a more competitive market, to be a stronger player in a niche sector, to enter a promising sector more speedily, to reshape the market strategy of the group company, to be in better control of the business, and to keep the corporate structure more nimble and flexible to be more resilient in case of any future setbacks.

Correspondingly, businesses that want to optimize their operations and resources should consider both external restructuring, that involves more than one party, and internal restructuring.

External restructuring usually refers to the restructuring of the company equity, control rights, and assets to achieve relevant business purposes, such as entering a niche market without directly setting up from scratch. Typical strategies under external restructuring include equity acquisition, asset transfer, merger, split-up, divestiture, etc.

Internal restructuring, in contrast, focuses on alterations in operations, procedures, departments, supply chains, human resources, legal frameworks, locations, computer systems and networks, etc. to enable the business to become more integrated, streamlined, and profitable. At the operational level, it could lead to reducing or eliminating production or service lines, closing facilities, relocating businesses and employees, adjustment of the company divisions, and adoption of new rules and advanced systems, such as supply chain management system (SCM), human capital management system (HCM), back office automation, and so on. Professional advisory services are often engaged in this process to ensure the effectiveness of the company restructuring.

Restructuring can be a challenging and painful process as the internal and external structure of a company is adjusted and human capital is affected. But a successful restructuring plan will result in smoother, more economically viable business operations. This is vitally important for businesses to survive, and to outperform in the new normal.

About Us

China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.

Dezan Shira & Associates has offices in Vietnam, Indonesia, Singapore, United States, Germany, Italy, India, and Russia, in addition to our trade research facilities along the Belt & Road Initiative. We also have partner firms assisting foreign investors in The Philippines, Malaysia, Thailand, Bangladesh.

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Restructuring Your China Company to Survive, Stabilize, and Succeed - China Briefing

NEW YORK, June 24, 2021 /PRNewswire/ -- GigaSpaces InsightEdge Smart Operational Data Store (ODS)/Digital Integration Hub (DIH) has been named the Best Data Tool and Platform of 2021 as part of the annual SIIA CODiE Awards.The CODiE Awards recognize the companies producing the most innovative business technology products across the country, and around the world.

"We are honored to receive this very prestigious award, that is based on a deep dive into our technology's differentiators and our powerful customer testimonials," said Eti Gwirtz, VP Product at GigaSpaces."With the new focus on the online economy triggered by COVID, companies are competing to see who can be the first to develop and deploy new differentiating online services, and we are proud to provide an award-winning technology that enables our customers to deliver superior user experiences."

The InsightEdge Smart ODS/DIH in-memory platform provides the required high performance, availability, and elastic scaling enabling enterprises to meet the most challenging data and analytics processing needs.InsightEdge executes data transactions and analytics 30X faster than NoSQL, and 6X faster than other in-memory platforms and run complex algorithms, as used in risk and fraud, in minutes compared with hours, while saving millions of dollars a year on resource provisioning compared to alternative solutions.

"Congratulations to all of the 2021 Business Technology CODiE Award winners," said SIIA President Jeff Joseph. "The products honored this year hold a particularly special place in the distinguished history of the CODiEs. Many of these winners literally helped business survive, and even thrive, as the global business community transitioned to remote status due to the pandemic. All those honored today demonstrate the resilience of this dynamic industry. Innovation continued even in the face of an unprecedented challenging year."

Acknowledged as the premier awards program for the software and information industries for over 35 years, the SIIA CODiE Awards are produced by the Software & Information Industry Association (SIIA), the principal trade association for the software, education, media and digital content industries.

Details about the winners are listed at https://history.siia.net/codie/2021-Winners.

About the SIIA CODiE Awards

The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology's finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.

About GigaSpaces

The GigaSpaces InsightEdge portfolio delivers fastest, scalable and easiest to deploy in-memory computing platforms to meet the most challenging enterprise data and analytics processing needs for accelerating and scaling real-time applications, analytics and operational BI on any data, at any load, across any environment. One-click integrations with on-premises and cloud operational data stores, automatic data modeling, business-policy data tiering and AI-driven autonomous scaling reduce time-to-market and ensure rapid response times and highest performance levels, with lower TCO.

Hundreds of Tier-1 and Fortune-listed organizations and OEMs across financial services, retail, transportation, telecom, healthcare, and more trust GigaSpaces for powering their mission critical services to optimize business operations, comply with regulations and enhance the customer experience. GigaSpaces offices are located in the US, Europe and Israel with partners around the globe serving customers such as Morgan Stanley, Bank of America, CSX, Goldman Sachs, Socit Gnrale, Crdit Agricole, Avanza Bank, Avaya, Frequentis, CLSA, Groupe PSA and UBS.

For more information visit http://www.gigaspaces.com and http://www.gigaspaces.com/blog/, follow us on Twitter, or visit our YouTube and LinkedIn channels.

GigaSpaces Contact:Talya Mizrahi-Yaakov e. [emailprotected]

SIIA Communications Contact: e. [emailprotected]

SOURCE GigaSpaces

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GigaSpaces Announced Winner of SIIA's 2021 CODiE Best Data Tool and Platform Award - PRNewswire