Day: August 19, 2022

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ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Ampio Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AMPE

NEW YORK, Aug. 19, 2022 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Ampio Pharmaceuticals, Inc. (NYSE American: AMPE) between December 29, 2020 and August 3, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than October 17, 2022.

SO WHAT: If you purchased Ampio Pharmaceuticals 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 Ampio Pharmaceuticals class action, go to https://rosenlegal.com/submit-form/?case_id=8201 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 17, 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. 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 the Company’s business operations and prospects. Specifically, defendants: (1) inflated the Company’s true ability to successfully file a Biologics License Application (BLA) for Ampio; (2) inflated the results of the AP-013 study of Ampion (the Company’s lead product with “unique immunomodulatory action and anti-inflammatory effects” used to treat individuals with inflammatory conditions including, but not limited to, severe osteoarthritis of the knee (OAK)) and the timing of unblinding the data from the AP-013 study; and (3) that, as a result, of the foregoing, defendants’ statements about the Company’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 Ampio Pharmaceuticals class action, go to https://rosenlegal.com/submit-form/?case_id=8201 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

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ROYAL CANADIAN MINT REPORTS PROFITS AND PERFORMANCE FOR Q2 2022

OTTAWA, ON, Aug. 19, 2022 /PRNewswire/ — The Royal Canadian Mint (the “Mint”) is pleased to announce its financial results for the second quarter of 2022 that provide insight into its activities, the markets influencing its businesses and its expectations for the next 12 months.

“The Mint continues to demonstrate resilience and stability by generating strong results in the midst of challenging market conditions,” said Marie Lemay, President and CEO of the Royal Canadian Mint. “The outstanding response to our new Opulence Collection has introduced the Mint to a new category of customers. We will continue to meet customer needs across all our businesses as we strive to reach new audiences and seize new opportunities.”

The financial results should be read in conjunction with the Mint’s annual report available at www.mint.ca. All monetary amounts are expressed in Canadian dollars, unless otherwise indicated.

Financial and Operational Highlights
  • The financial results for the second quarter of 2022 are as expected given the exceptional performance seen in 2021, and planned operational maintenance in 2022. The Mint expects to exceed its financial goals for 2022, as set out in the Mint’s Corporate Plan.
  • Compared to 2021, which yielded singular results, the Mint had 12% lower revenue while overall profitability decreased quarter over quarter from lower gold bullion volumes and planned higher operating expenses.
  • Consolidated revenue decreased to $841.9 million in 2022 (2021 – $953.5 million).
  • Revenue from Precious Metals businesses decreased to $793.6 million in 2022 (2021 – $905.4 million):
    • Gold bullion volumes decreased 20% to 357.0 thousand ounces (2021 – 448.7 thousand ounces) while silver bullion volumes increased 8% quarter over quarter to 9.6 million ounces (2021 – 9.0 million ounces).
    • Sales of numismatic products increased to $31.9 in 2022 (2021 – $24.8 million) due to higher sales from the Mint’s new Opulence coin collection, international resale coins and premium bullion products.
      Revenue from Circulation businesses increased to $48.3 million in 2022 (2021 – $48.1 million):
    • Revenue from Canadian coin circulation products and services increased 14% quarter over quarter from coin production to replenish the Canadian circulation inventory levels held on behalf of the Department of Finance as well as an increase in ARP metric tons processed during the period
    • Revenue from the Foreign Circulation business decreased 11% quarter over quarter due to lower volumes produced and shipped in 2022 as compared to 2021.
  • Overall, operating expenses increased 13% quarter over quarter to $29.7 million (2021 – $26.2 million) mainly due to planned temporary and non-temporary increases in expenses to support business transformation, an inclusive and engaged workforce, and to reconnect with the Mint’s customers around the world.
  • Cash increased to $86.6 million (December 31, 2021 – $69.3 million).
  • Consolidated results and financial performance

(in millions)

13 weeks ended 26 weeks ended
            Change           Change
July 2,
2022		 July 3,
2021		 $ % July 2,
2022		 July 3,
2021		 $ %
Revenue $    841.9 $ 953.5 (111.6) (12) $ 1,706.9 $ 1,856.4 (149.5) (8)
Profit for the period $        2.4 $   20.5 (18.1) (88) $      16.8 $      34.3 (17.5) (51)
Profit before income tax
and other items 1		 $      14.5 $   25.2 (10.7) (42) $      30.3 $      51.1 (20.8) (41)
Profit before income tax
and other items margin2		 1.7 % 2.6 % 1.8 % 2.8 %
(1) Profit before income tax and other items is a non-GAAP financial measure. A reconciliation from profit for the period to profit
before income tax and other items is included on page 12 of the Mint’s 2022 Second Quarter Report.
(2) Profit before income tax and other items margin is a non-GAAP financial measure and its calculation is based on profit before
income tax and other items.

 

As at
July 2 , 2022 December 31, 2021 $ Change % Change
Cash $ 86.6 $ 69.3 17.3 25
Inventories $ 65.4 $ 86.5 (21.1) (24)
Capital assets $ 153.3 $ 154.2 (0.9) (1)
Total assets $ 403.9 $ 405.5 (1.6) –
Working capital $ 142.6 $ 122.5 20.1 16

As part of its business continuity plan, the Mint continues to actively monitor its global supply chain and logistics networks in support of its continued operations. Despite its best efforts, the Mint expects COVID-19 and emerging variants, inflation, as well as other external events around the globe, to continue to impact its performance in 2022. The Mint continues to mitigate potential risks as they arise and prioritize the health and safety of its employees, adjusting its work protocols as required by the provinces and the local health authorities.

To read more of the Mint’s Second Quarter Report for 2022, please visit www.mint.ca.

About the Royal Canadian Mint

The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada’s circulation coins. The Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high-quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca. Follow the Mint on Twitter, Facebook and Instagram.

FORWARD LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES

This Earnings Release contains non-GAAP financial measures that are clearly denoted where presented. Non-GAAP financial measures are not standardized under International Financial Reporting Standards (IFRS) and might not be comparable to similar financial measures disclosed by other corporations reporting under IFRS.

This Earnings Release contains forward-looking statements that reflect management’s expectations regarding the Mint’s objectives, plans, strategies, future growth, results of operations, performance, and business prospects and opportunities. Forward-looking statements are typically identified by words or phrases such as “plans”, “anticipates”, “expects”, “believes”, “estimates”, “intends”, and other similar expressions. These forward-looking statements are not facts, but only estimates regarding expected growth, results of operations, performance, business prospects and opportunities (assumptions). While management considers these assumptions to be reasonable based on available information, they may prove to be incorrect. These estimates of future results are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Mint expects. These risks, uncertainties and other factors include, but are not limited to, those risks and uncertainties set forth in the Risks to Performance section of the Management Discussion and Analysis in the Mint’s 2021 annual report, as well as in Note 9 – Financial Instruments and Financial Risk Management to the Mint’s Audited Consolidated Financial Statements for the year ended December 31, 2021. The forward-looking statements included in this Earnings Release are made only as of August 17, 2022, and the Mint does not undertake to publicly update these statements to reflect new information, future events or changes in circumstances or for any other reason after this date.

Please contact: Alex Reeves, Senior Manager, Public Affairs, Tel: (613) 884-6370, reeves@mint.ca

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ATFX Q2 Trading Volume Ranked 6th Globally

LONDON, Aug. 19, 2022 /PRNewswire/ — ATFX’s trading volume reached $564.2 billion in Q2 from the $403.5 billion recorded in Q1 2022, a 39.8% increase from Q1’s figure. The number of active traders also surged to 51,745 compared to 43,774 in Q1, representing 18.2% growth.

Metals remained the top category of assets, traded at 46.82%, followed by currency pairs at 30.56% and then Energy at 13.8%, with indices and shares lagging the top three asset classes.

ATFX’s performance among its peers remains impressive after the broker was ranked number 6 among the top MT4/MT5 brokers globally by Finance Magnates. In an industry dominated by brokers that had a significant head start on ATFX, emerging sixth globally is not an easy task.

According to the Finance Magnates report, the $564.2 billion in trades executed by its clients was the sixth-largest figure reported by the hundreds of global MT4/MT5 CFD brokers. The report ranks brokers based on the average monthly traded volume, which for ATFX was $188 billion ($564bn/3).

ATFX continues to outperform in the current market environment despite the tough comparables with 2020 and 2021, which were driven by other factors such as the COVID-19 spike and the monetary easing from leading central banks such as the Fed.

The broker continues to attract more customers, as evidenced by the 18.2% jump in the number of active clients, which supports the higher volume of trades processed by the firm.

ATFX has established itself as a dominant player within the currency pairs and CFD retail and institutional markets over the past two years, and the broker is still growing. The impressive growth results from the innovation championed by the broker and its heavy investments in all aspects of its business.

ATFX

ATFX is an award-winning currency pairs/CFD broker with a global presence offering customer support in over 15 languages. With over 300 tradable financial assets, including currency pairs, precious metals, energy, indices, and shares traded as CFDs, ATFX is regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. (Please visit ATFX Website for more information)

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‫‫أحجام تداول ATFX في الربع الثاني تحتل المرتبة السادسة عالميًا

دبي, 19 أغسطس 2022, /PRNewswire/ — بلغت قيمة أحجام التداول لدى ATFX خلال الربع الثاني 564.2 مليار دولار أمريكي، وذلك مقارنةً بـ 403.5 مليار خلال الربع الأول من عام 2022، أي بزيادة 39.8% عن الربع الأول من العام. قفز أيضًا عدد المتداولين النشطين إلى 51,745 مقارنة مع 43,774 في الربع الأول، وهو ما يمثل نموًا بنسبة 18.2% على أساس فصلي.

لا تزال المعادن تحتل المرتبة الأولى في فئة الأصول النشطة، حيث استحوذت على 46.82% من قيم التداول، تليها أزواج الفوركس عند 30.56% والمعادن بنسبة 13.8%، فيما غابت المؤشرات والأسهم والعملات المشفرة عن قائمة فئات الأصول الثلاثة الأكثر نشاطًا.

لا يزال أداء ATFX مثيرًا للإعجاب بين نظرائها، حيث احتلت المرتبة السادسة عالميًا بين وسطاء MT4/MT 5، وذلك بحسب إحصائيات Finance Magnates . وفي ظل صناعة يسيطر عليها عدد قليل من الوسطاء الذين رسخوا مكانتهم قبل عقود طويلة من انطلاق ATFX ، فإن احتلال هذه المرتبة المتقدمة لم يكن مهمة سهلة على الإطلاق.

وفقًا لتقرير Finance Magnates ، فإن قيم صفقات التداول التي نفذها العملاء، والبالغة 564.2 مليار دولار أمريكي، كانت سادس أكبر قيمة أفصح عنها المئات من وسطاء عقود الفروقات والفوركس عبر منصات MT4/MT 5 في كافة أنحاء العالم. يُصنِف هذا التقرير شركات الوساطة بناءً على متوسط حجم التداول الشهري، والذي بلغ في حالة ATFX نحو 188 مليار دولار (564 مليار دولار/3).

تواصل ATFX تفوقها رغم التحديات التي تواجهها في بيئة السوق الحالية، وأيضًا في ظل غياب المحفزات الرئيسية التي عززت أحجام التداول في عامي 2020 و 2021، مثل جائحة كوفيد-19 و سياسات التيسير النقدي التي اتبعتها كبرى البنوك المركزية وعلى رأسها الاحتياطي الفيدرالي في الولايات المتحدة.

تستمر الشركة في اجتذاب المزيد من العملاء، وهو ما تجلى في ارتفاع عدد المتداولين النشطين بنسبة 18.2%، مما ساهم في زيادة عدد وقيمة صفقات التداول على منصة الشركة.

عززت ATFX موقعها كأحد اللاعبين الرئيسيين في أسواق تداول الفوركس وعقود الفروقات للأفراد والمؤسسات على مدار الأعوام الأخيرة، ولا تزال حتى الآن قادرة على النمو بمعدلات غير مسبوقة. ويستند النمو المذهل الذي حققته شركة الوساطة الرائدة على تبني مفاهيم الابتكار والاستثمار المكثف في جميع جوانب العمل. 

ATFX
ATFX هي شركة وساطة دولية في أسواق تداول عقود الفروقات عبر الإنترنت، والتي تتمتع بحضور عالمي من خلال تزويد العملاء بأحدث الخدمات المالية بأكثر من 15 لغة. توفر ATFX التداول على أكثر من 300 أصل مالي، بما في ذلك عقود الفروقات، المعادن الثمينة، سلع الطاقة، المؤشرات والأسهم والتي يجري تداولها في شكل عقود الفروقات. الشركة مرخصة من هيئة السلوك المالي (FCA) في المملكة المتحدة، وهيئة الأوراق المالية والبورصات في قبرص (CySEC)، وهيئة الخدمات المالية في موريشيوس (FSC). وتعمل أيضًا كشركة مسجلة لدى هيئة الخدمات المالية (FSA) في سانت فنسنت وجزر غرينادين.

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IGAD and UNDP to Collaborate on Cross-border Development in the Horn of Africa

(Djibouti, Djibouti): The Intergovernmental Authority on Development (IGAD) and the United Nation Development Programme (UNDP) have entered a Memorandum of Understanding (MoU) today to deepen collaboration in various areas of mutual interest including cross-border development in the Horn of Africa.

The MoU will build on ongoing collaboration between the two institutions, beginning with the implementation of a joint programme on borderlands development covering the IGAD member states in the region.

“IGAD appreciates the strategic partnership with UNDP in promoting the socioeconomic transformation of borderlands in the IGAD region,” stated Workneh Gebeyehu (PhD), Executive Secretary of IGAD. “The shared cultures, languages and traditions of border communities in the IGAD region can serve as building blocks for strengthening cohesion and promoting development in the borderlands.”

The MoU was agreed at the conclusion of a two-day workshop, taking place on 17-18 August 2022 in Djibouti. The workshop also validated a three years joint IGAD/UNDP programme document on borderlands development.

In his remarks, Zeynu Ummer, Team Lead and Senior Technical Adviser at the UNDP Africa Borderlands Centre, said “UNDP and IGAD have a long-standing presence and engagement in the Horn of Africa. The new programme on borderlands development takes into account lessons learned from ongoing joint initiatives and concretises the UNDP-IGAD partnership to ensure the Agenda 2030 Sustainable Development Goals are attained in the region.”

Included in the agreed areas of cooperation is the exploration of joint programmatic initiatives at regional and country levels through the regular exchange of information, analysis and reporting. The two organisations will leverage their respective comparative advantage and value add in resilience building, socioeconomic development, prevention of violent extremism, conflict prevention, youth and gender, climate change, blue economy, water and other strategic areas.

Alessandra Casazza, Manager of the UNDP Resilience Hub for Africa, shared “The MoU formalises and strengthens ongoing and future joint initiatives led by UNDP and IGAD. The Drought Resilience Building in the Horn of Africa Programme, for instance, is a concrete example of what this partnership can deliver for communities in the border regions.”

The workshop also engaged technical experts working on cross-border programming at IGAD and several UNDP offices including the Africa Borderlands Centre, the Regional Programme for Africa, the Resilience Hub for Africa, and UNDP Country Offices in Djibouti, Kenya, Ethiopia, South Sudan, and Uganda.

The workshop interdisciplinary dialogue on partnerships and resource mobilisation around the newly adopted programme document through the development of a detailed Joint Partners’ Engagement Strategy and a roadmap for strategic priorities for the Horn of Africa.

Source: Intergovernmental Authority on Development

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WFP scales up support for millions who ‘cannot wait’ for food aid amid Horn of Africa drought

As the threat of famine looms in the Horn of Africa, the World Food Programme (WFP) announced on Friday that it is scaling up operations to support millions going hungry who “cannot wait” for assistance.

The region is in the grip of a historic drought, brought on by four consecutive failed rains.  The crisis has left some 22 million people across Ethiopia, Kenya and Somalia struggling to find enough to eat, with numbers expected to rise. 

Livestock are dying, and there are critical shortages of water and food. More than a million people have fled their homes and are now living in crowded camps, where humanitarians are scrambling to meet the overwhelming needs.

No end in sight

WFP chief David Beasley on Thursday wrapped up a visit to Somalia, where the risk of famine is high.  

More than seven million people there, nearly half the population, are acutely food insecure, and 213,000 are already facing famine-like conditions.

Mr. Beasley travelled to the southern city of Baardheere where he met families, including malnourished children and their mothers, who have been forced to leave home and travel long distances to seek humanitarian aid, amid ongoing conflict.

“People here have been waiting years for rain – but they cannot wait any longer for life-saving food assistance. The world needs to act now to protect the most vulnerable communities from the threat of widespread famine in the Horn of Africa,” he said. 

“There is still no end in sight to this drought crisis, so we must get the resources needed to save lives and stop people plunging into catastrophic levels of hunger and starvation”.

Food and cash assistance

WFP said the drought is expected to continue in the coming months as a fifth poor rainy season is forecast later this year.

The agency is doing everything possible to support the most vulnerable people, but urgently requires around $418 million over the next six months to meet the increasing needs.

Meanwhile, WFP is focused on using available funds to increase assistance in the worst-hit areas.  The aim is to target some 8.5 million people across the region, up from 6.3 million at the start of the year.

Staff are providing food and cash assistance to families, in addition to distributing fortified foods to women and children as malnutrition rates spiral. Cash grants and insurance schemes are also helping households to buy food to keep their livestock alive, or to compensate them when they die.

Support for Somalia

Relatedly, $10 million has been allocated from the UN’s Central Emergency Response Fund (CERF) to ramp up the drought response in Somalia.

UN Humanitarian Coordinator Martin Griffiths warned on Friday that time is running out for people in the country.

“If we don’t step up in force now, it’ll run out and the malnourished children are likely to die first,” he said. 

“This new funding will help humanitarian agencies get supplies and staff in place as soon as humanly possible to help avert a further catastrophe in Somalia. But it is no solution. We need all hands on deck and all resources mobilized to prevent famine”.

CERF has so far contributed a total of $41 million to the drought response in Somalia this year.

The funding has been used to support food and nutrition interventions, and to deliver healthcare, water and sanitation, protection, shelter, and education to people in need.

Source: United Nations

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