Day: October 11, 2022

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McKinsey & Company Uses AI-Powered Intelligence to Deliver Customer-Centric Experiences with CustomerOne

CustomerOne extends the power of AI-powered decision-making, using its proven, comprehensive approach to help organizations drive up to 20% revenue growth

NEW YORK and LONDON, Oct. 11, 2022 (GLOBE NEWSWIRE) — Today, marketing and sales teams have to connect with their consumers and buyers in entirely new ways. But disjointed data, complex tech stacks, and siloed work practices can derail those efforts.

That’s why McKinsey & Company is extending the power of CustomerOne’s proven, comprehensive approach. By driving personalization at scale, sales growth, and enabling data-driven pricing, organizations in any industry can achieve 10-20% revenue growth.

Powered by QuantumBlack, AI by McKinsey, CustomerOne uses a Hybrid intelligence approach, combining human understanding with machine and AI intelligence, to reveal customer insights, identify opportunities for growth, and deliver lasting impact at speed. It also delivers agile operating models and builds capabilities to transform critical insights into customer action.

Surface Actionable Insights with End-to-End Growth Transformations
Customer preferences, demands, and dynamics are rapidly shifting. For organizations with siloed functions and complex technology stacks, it is challenging to stay in lock step with their customers. The data boom, as well as the proliferation and convergence of sales channels, makes this challenge even harder. To capture the right moments across every channel, identify new growth horizons, and capture long-term value, these organizations need an end-to-end approach that aligns technology with deep expertise.

CustomerOne seamlessly integrates strategy, technology, AI-powered growth capabilities, and implementation accelerators. It drives top-line growth, creates long-term customer value, and helps marketing and sales teams achieve higher returns by optimizing efficiency and effectiveness across the entire sales funnel.

“We have seen a lot of seismic shifts in the way consumers and buyers are changing,” said Kelsey Robinson, Senior Partner, McKinsey & Company. “They have tremendous power. The ability for marketing and sales teams to succeed in this new world hinges on what they do with the incredible amounts of consumer-permissioned data to get closer to the customer, personalize experiences, and create ‘ignite’ moments.”

CustomerOne’s expanded set of domain capabilities includes: 

  • Personalization and Customer Value Management: Drives personalization at scale by integrating unified customer data, machine learning algorithms, and analytics, so marketers can derive the right insights and act on them. Outperforming companies achieve 40% more of their revenue from personalization than their peers.
  • Sales Growth: AI-powered capabilities enable sales teams to win new customers, increase customer retention, and drive loyalty. Companies that do this well drive 10-20% revenue growth.
  • B2B Pricing: Helps organizations analyze complex market dynamics, including customer willingness to pay, customer and product segmentation, and contract performance. CustomerOne uses the outputs to dynamically manage pricing and performance, and achieve above-market improvements. Companies that use data-driven pricing achieve 2-7% return on sales by expanding their margins.

“Successful change extends across the commercial organization. From the strategic decision on where and how to grow, to the insights that inform each customer interaction, most organizations struggle when it comes to putting the right talent, expertise, capabilities, and technology into one comprehensive approach to drive change. The extension of CustomerOne brings our capabilities together as one to drive faster end-to-end transformations for our clients across industries,” said Stuart Schardin, Partner at McKinsey & Company.

“Even in the best of times, growth is not easy. In fact, 25% of companies don’t grow at all,” said Jeff Hart, Partner, McKinsey & Company. “At the core of what we do is to help our clients across industries meet this moment with a proven, technology-enabled approach that makes it easier to consume insights and recommendations, and quickly unlock new growth opportunities. For example, a logistics company using this approach was able to expand its margins by 44%, while a chemical company achieved 2% return on sales in a matter of six weeks.”

To learn more about CustomerOne, click here.

About McKinsey Growth, Marketing & Sales
The mission of the McKinsey Growth, Marketing & Sales Practice is to help leaders of both consumer and business-to-business clients create Growth That Matters through meaningful transformations and marketing-driven profit. The practice helps our clients set their strategic direction, develop their marketing and sales capabilities, and connect their organization to realize the full potential of today’s omnichannel opportunities. Clients benefit from McKinsey’s experience in core areas of marketing, B2B and B2C pricing, customer experience, and sales and channel management.

For further information please contact:

US: Digennaro Communications
MaryLiz Ghanem – EL
McKinsey-DiGennaro@digennaro-usa.com
917-518-8422

UK: 3THINKRS
Ruth Jones / Becca Ross
mckinsey@3thinkrs.com
+44 208 0872843

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LeddarTech Adopts an Automotive Software Business Model to Support ADAS and AD Solutions

The Globe and Mail Announces That LeddarTech Has Been Selected as One of Canada’s Top Growing Companies

LeddarTech®, a global leader in providing the most flexible, robust, and accurate ADAS and AD sensing technology, is pleased to announce its recognition among Canada’s Top Growing Companies for 2022 by the Globe and Mail’s Report on Business, where LeddarTech ranked 280 out of 430 eligible companies.

QUEBEC, Oct. 11, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce it is adopting a business strategy that translates to greater financial and team resources dedicated to an automotive software business model.

For over a decade, LeddarTech has been at the forefront of developing sensing technology that has served the mobility, on-road and off-road markets worldwide. For several years, the company has invested heavily in developing a one-of-a-kind raw data sensor fusion and perception solution. This solution has received multiple awards and the attention of major global automotive Tier 1s and OEMs.

LeddarTech’s fusion and perception software solution, LeddarVision™, is a high-performance, scalable, sensor-agnostic and auto-grade solution that delivers highly accurate 3D environmental models. In addition, LeddarVision supports all SAE autonomy levels by applying AI and computer vision algorithms to fuse raw data from sensors employed in L2-L5 applications. LeddarTech’s use of raw data fusion detects very small obstacles on the road with better detection rates and fewer false alarms than legacy “object fusion” solutions. In addition, unclassified obstacles are also detected, providing an additional layer of safety to the vehicle.

“I am excited to announce the next stage of LeddarTech’s evolution as a leader in automotive software for ADAS and AD applications. “stated Mr. Charles Boulanger, CEO of LeddarTech. “We initiated our foray into automotive software several years ago, and our development has led to a unique award-winning solution that is highly regarded by an industry struggling to solve the challenges of accelerating the large-scale adoption of greater autonomy.” Mr. Boulanger continued, “The conclusions of market analysts and customers clearly support that we are in a unique position with a software solution that OEMs need to enhance ADAS and AD performance.” Mr. Boulanger stated, “The market’s need for a sensor fusion and perception solution that can be easily integrated and includes all the benefits of LeddarVision has never been greater, and our use of raw data fusion makes our offering even more attractive to customers.” Mr. Boulanger concluded, “The LeddarTech team is excited and eager to move ahead on our path and have dedicated ourselves and our technical efforts to the ambitious yet attainable goal of being the most adopted sensor fusion and perception software solution in the market.”

About LeddarTech
Founded in 2007, LeddarTech is an automotive ADAS and AD software company that offers comprehensive end-to-end raw data fusion and perception solutions enabling customers to solve critical challenges across the entire value chain.

LeddarTech’s automotive-grade software technology, LeddarVision™, is a flexible, robust, cost-effective, sensor-agnostic solution that delivers highly accurate 3D environmental models. In addition, this scalable software supports all SAE autonomy levels by applying AI and computer vision algorithms to fuse raw data from sensors employed in L2-L5 applications. LeddarTech’s use of raw data fusion detects very small obstacles on the road with better detection rates and fewer false alarms than legacy “object fusion” solutions. In addition, unclassified obstacles are also detected, providing an additional layer of safety to the vehicle.

LeddarTech is responsible for several innovations in cutting-edge automotive and mobility applications, with over 140 patents granted or applied for, enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

LeddarTech Has Been Selected as One of Canada’s Top Growing Companies

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@leddartech.com

Investor relations contact: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9eea29e-3a7b-4833-b444-6c5cee00297a

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Global Fishing Watch welcomes partnership with Papua New Guinea to share vessel tracking data

Momentum builds as a second nation in the Pacific makes critical decision to make fishing activity data accessible and transparent

BANGKOK, Thailand, Oct. 11, 2022 (GLOBE NEWSWIRE) — In a newly established partnership with Global Fishing Watch, Papua New Guinea has committed to sharing vessel tracking data from its Fishing Industry Association on the organization’s public map. Through this agreement, the Pacific island country is taking action to enhance the monitoring of fishing vessels operating in their waters and increase the transparency of its seafood supply chain.

A memorandum of understanding outlining the partnership was signed between Global Fishing Watch and the National Fisheries Authority on Oct. 11, 2022 at the 17th Infofish World Tuna Trade Conference and Exhibition in Bangkok. The agreement was reviewed and endorsed by all members of the Fishing Industry Association and is a testament to Papua New Guinea’s commitment to increasing accountability across the fishing sector and their desire to effectively manage fisheries and marine resources for sustainable and equitable benefits.

The newly available vessel monitoring system data will complement the already-existing automatic identification system, or AIS, data that appears on Global Fishing Watch’s map. This additional layer of information will help strengthen vessel compliance and aid in the sustainable use of marine resources, and highlights industry’s appreciation for the role transparency plays in building trust with their customers.

“We welcome this new partnership with Papua New Guinea and commend their leadership in fisheries transparency,” said Tony Long, chief executive officer of Global Fishing Watch. “We see incredible value in the relationship that the National Fisheries Authority has with the Fishing Industry Association, demonstrating the importance of effective government and industry partnerships in advancing good governance and promoting a positive compliance environment.”

“Our tuna fishery is one of the largest in the western and central Pacific Ocean and represents a key source of protein for more than 9 million people in Papua New Guinea,” said Justin Ilakini of the National Fisheries Authority. “Taking care of our tuna stocks is a priority, and with support from Global Fishing Watch’s monitoring technology, we can strengthen enforcement, contribute to regional collaboration to eliminate illegal fishing and also demonstrate our commitment to promoting food security and the blue economy.”  

All of the association’s 50 vessels that are currently authorized to operate within Papua New Guinea’s exclusive economic zone—an area that covers an estimated 2.4 million sq. kilometers and home to some of the most productive tuna fisheries in the world—will soon be visible on Global Fishing Watch’s map.

“Transparency across all aspects of the tuna fisheries is crucial to ensuring that the fish we eat is caught legally, ethically and sustainably,” said Sylvester Barth Pokajam, chairman of Papua New Guinea’s Fishing Industry Association. “Our members want to know they are doing the right thing when it comes to responsible tuna sourcing, and by making fishing activities visible on the Global Fishing Watch map, they can help demonstrate compliance and add real value to their fishing operations.”

“We are engaging with key stakeholders that can strengthen our Responsible Sourcing Policy initiative,” said Marcelo Hidalgo, sustainability and corporate social responsibility director of Papua New Guinea’s Fishing Industry Association. “We believe this new partnership with Global Fishing Watch to share our vessel tracking data is integral in building trust with commercial partners and nongovernmental organizations, representing another milestone in our transparency policy to support members and demonstrate responsible sourcing in Papua New Guinea.” 

Papua New Guinea joins the Republic of the Marshall Islands as the second nation in the Pacific to commit to making their vessel tracking data publicly available via Global Fishing Watch’s map. This promotes and builds on regional efforts to make fisheries data more transparent and accessible, helping inform decision makers and enhance vessel monitoring efforts across the region. As a member of the Pacific Islands Forum Fisheries Agency and one of eight Parties to the Nauru Agreement, Papua New Guinea recognizes the importance of collaboration and regional solidarity to secure sustainable fisheries and tackle illegal fishing.

In addition to sharing their vessel monitoring data, the Fishing Industry Association has also agreed to support the work that Global Fishing Watch is undertaking more widely in the region to explore how vessel information can be used to develop risk models that aim to address forced labor across the fishing industry.

This important decision supports the global momentum in efforts to make fisheries data more accessible as Papua New Guinea joins a growing number of countries dedicated to transparency across fisheries, including: Norway, Benin, The Republic of the Marshall Islands, Belize, Costa Rica, Brazil, Ecuador, Chile, Panama and Peru.

With continued support from Bloomberg Philanthropies, Global Fishing Watch is working globally to support countries seeking to bolster monitoring of their fishing fleets and share their vessel monitoring data through the innovative technologies that Global Fishing Watch makes available.

 

###

 

The Fishing Industry Association of Papua New Guinea drives domestic fisheries industrialisation to create and enable the maximum long term economic benefit from the sustainable use of our fishery resources. A registered association with the Investment Promotion Authority of Papua New Guinea, it facilitates and encourages the promotion of fishing and associated industries throughout the country and elsewhere. www.fia-png.com

Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all. https://globalfishingwatch.org/ 

The National Fisheries Authority of Papua New Guinea is a semi-commercial statutory authority established and operating under the Fisheries Management Act 1998, and related regulations. They are mandated to regulate, manage and sustainably develop fisheries and marine resources in Papua New Guinea. They are also the lead implementing agency for the Papua New Guinea Fisheries Strategic Plan 2021-2030 which sets out the vision to “Create an internationally competitive and sustainable sector and fishing industry characterised by resilient and commercial inclusive socioeconomic growth providing food security.” To learn more about their mandated functions or business units, please visit www.fisheries.gov.pg

Attachment

Kimberly Vosburgh
Global Fishing Watch
5185902979
KIMBERLY@GLOBALFISHINGWATCH.ORG
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Philips Ambient Experience solution at Children’s Medical Center Dallas helps calm young patients with behavioral health issues, winning multiple design awards

October 11, 2022

  • Philips receives Center for Health Design ‘Touchstone Award’ for exemplary use of evidence-based design in Ambient Experience solutions that help the emergency department at Children’s Medical Center Dallas improve care for pediatric patients with behavioral health issues
  • Behavioral health solution recognized by three other awards and an honorable mention in the last year as an outstanding example of Philips’ ability to improve the patient and staff experience in the pursuit of better healthcare delivery

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that it has received a coveted gold-level  ‘Touchstone Award’ from the Center for Health Design* for the Ambient Experience behavioral health rooms it co-developed with Children’s Medical Center Dallas (Dallas, TX, U.S.) and social solutions software company Recornect (Eindhoven, the Netherlands). This unique behavioral health experience solution, which humanizes mental health care delivery in the hospital’s emergency department (ED), combines a resilient touchscreen interface, lighting, sound, video projection and therapeutic content to de-escalate patient behaviors that impact patient and staff safety. By allowing staff to connect with patients in new and interactive ways, it also helps deliver therapy more quickly.

“Since the start of the COVID-19 pandemic, we have seen an increase in the amount of young people feeling extremely sad about their lives. Instead of sitting in an emergency room for days with nothing to do, which can worsen their condition, Philips’ solution now gives them the chance to really make it their own space. In addition, our staff are now even more comfortable interacting with patients, regardless of the patient’s age or condition,” said Geneva Burnap, Senior Director, Emergency Services at Children’s Health.

“Coming from the Center for Health Design, an organization founded on the vision of creating healthcare facilities that promote healthier environments for patients and staff, today’s Touchstone Award has a very special meaning for Philips,” said Sean Carney, Chief Design Officer at Philips. “Using our human-centered design approach we are able to help improve the patient and staff experience, calm behavioral health patients so they can be treated better and more quickly, ultimately improving outcomes and reducing the cost of care.”

Today’s Touchstone award follows a range of other awards received by Philips for its behavioral health room solution. These include an ‘DEA 2022 Gold Award -Medical & Health’ from the Industrial Designers Society of America, an ‘Innovation by Design Award 2022’ from Fast Company, and a winner ‘Health & Wellness Award’ from Core77. In March 2022, the solution also received an honorable mention in Fast Company’s ‘World Changing Ideas 2022’ list.

In addition to Children’s Medical Center Dallas, Ambient Experience behavioral health rooms have also recently been installed in the emergency department of Oklahoma Children’s Hospital OU Health (Oklahoma City, OK, U.S.).

Human-focused innovation
Co-development of the Ambient Experience behavioral health rooms for Children’s Medical Center Dallas was led by Philips Experience Design, a dedicated group within Philips that works collaboratively with clinicians, patients, and consumers to pinpoint issues, define opportunities, translate insights, and co-create solutions that improve the patient and staff experience. The group combines multiple specialists in the design of spaces, software, services, and multimedia content in order to create human-focused innovations that offer hospital patients and staff an engaging and pleasant experience. Their work can be applied to virtually any hospital setting – from radiology rooms, cath labs, and ORs, to preparation and recovery areas, reception areas and waiting rooms.

This human-focused design approach focuses on fulfilling four interlinked objectives – providing patients with the physical and emotional comfort they need; supporting staff-patient contact and communication; actively involving patients in their care; and optimizing working environments and departmental efficiency. Reducing patient anxiety by providing physical and emotional support enables better patient-staff communication, leading to improved patient cooperation, satisfaction, and loyalty. Actively involving patients in their care leads to a greater sense of empowerment and better therapy compliance. Operational efficiency improvements free up time for clinicians to focus on their patients, potentially leading to more personalized care and better patient outcomes. All these benefits combine to enhance the staff and patient experience, helping improve patient satisfaction scores, reduce staff burn-out, and increase staff retention.

For more information on Philips Ambient Experience behavioral health rooms at Children’s Medical Center Dallas, watch the webinar.

* The gold-level Touchstone Award for the Philips Ambient Experience room solution at Children’s Medical Center Dallas was presented on October 10, 2022, during the Healthcare Design Conference + Expo, in San Antonio, TX, U.S.

For further information, please contact:

Joost Maltha
Philips Global Press Office
Tel: +31 6 10 55 8116
Email: joost.maltha@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 79,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Cellebrite to Release Third Quarter 2022 Financial Results on November 17, 2022

PETAH TIKVAH, Israel and TYSONS CORNER, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) — Cellebrite (NASDAQ: CLBT) (the “Company”), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that it will report its third quarter 2022 financial results before market open on Thursday, November 17, 2022.

On that day, management will host a conference call and webcast to discuss the Company’s financial results at 8:30 a.m. ET.

Telephone participants are advised to register in advance at: https://register.vevent.com/register/BIaf596aa015be4fe19064526f1015b7b6.

Upon registration, participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique registrant ID.

The live conference call will be webcast in listen-only mode at: https://edge.media-server.com/mmc/p/7dttnkrq.

The webcast will remain available after the call at: https://investors.cellebrite.com/events-presentations.

About Cellebrite

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Caution Regarding Forward Looking Statements

This document includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward looking statements include estimated financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects, and other aspects of the business of Cellebrite are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are not limited to: Cellebrite’s ability to develop technologically advanced solutions and successfully integrate with the software solutions used by customers; acceptance of solutions by customers; errors, failures, defects or bugs in solutions; a failure to maintain sales and marketing personnel productivity or hire, integrate and retain additional sales and marketing personnel; the impact of the global COVID-19 pandemic; the impact of competition on pricing and on Cellebrite’s market share; sub-optimal results from products due to misuse by customers; Cellebrite’s failure to maintain and enhance its reputation and brand; inaccuracy of the estimates of Cellebrite’s market opportunity and forecasts of market growth; changes to packaging and licensing models that adversely affect the ability to attract or retain customers; failure to manage future growth effectively; failure to introduce new solutions and add-ons; issues in the use of artificial intelligence resulting in reputational harm or liability; the need for additional capital to support the growth of Cellebrite’s business; a failure to maintain the security of operations and the integrity of software solutions; the impact of government budgeting cycles and appropriations, early termination, audits, investigations, sanctions and penalties; a decline in government budgets, changes in spending or budgetary priorities, or delays in contract awards; a failure to adequately obtain, maintain, protect and enforce Cellebrite’s intellectual property or infringement of the intellectual property rights of others; perceptions or court or regulatory decisions that Cellebrite’s solutions violate privacy rights; the use of solutions by customers in a way that is, or that is perceived to be, incompatible with human rights; failure to comply with laws regarding privacy, data protection and security, technology protection, sanctions, export controls and other matters; and other factors, risks and uncertainties set forth in the sections titled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Annual Report on form 20-F filed with the SEC on March 29, 2022 and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Investors
Investor Relations
investors@cellebrite.com

Media
Victor Cooper
Public Relations and Corporate Communications Director
+1 404 804 5910
Victor.cooper@cellebrite.com

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J/70 World Championship – Yacht Club de Monaco

J/70 World Championship – Yacht Club de Monaco

The boats will be sailing as one fleet with the Open (professionals), One Pro (only one professional aboard) and Corinthian (amateur) categories racing on the same course.

MONACO, Oct. 11, 2022 (GLOBE NEWSWIRE) — In a few days, 90 international teams from 23 nations will be descending on the Principality for the J/70 World Championship being organised for the first time by Yacht Club de Monaco. The event – scheduled for October 14 to 22 –  is being held in partnership with the Monegasque Sailing Federation, FxPro, Xerjoff and technical sports clothing brand Slam which is supplying garments for all crew members on the podium, as it has been doing for the Primo Cup for over 30 years. Monaco can hence expect to find 400 experienced sailors roaming the quays, including YCM’s Vice-President and founder of Team Malizia, Pierre Casiraghi who will be sailing alongside Jean-Baptiste Bernaz, current ILCA 7 World Champion: “It’s always an honour to host such prestigious regattas in Monaco. For me it’s a real pleasure but also a challenge to compete with the best and represent my Club”. Among the 90 crews are World Champions in this class, such as Luis Bugallo, Marshall King, Ian Wilson, Peter Duncan, Jud Smith and Paul Ward. Alongside are stars on the European scene set to put up a fight with the likes of Italian Luca Domenici, the Dane José María Torcida Seghers and British sailor Jonathan Calascione. Most teams comprise well-known professionals, men like Pietro Sibello in charge of the mainsail on the Italian Challenger Luna Rossa at the last America’s Cup. Anglo-Saxons will be out in force with a dozen American boats and no fewer than seven British teams. Nine Monaco teams complete the fleet, including favourites Ludovico Fassitelli (Junda), bronze medallist at the last European Championship in the Corinthian (amateur) category and Loïc Pompée (Sailing Racing Team), 5th in the 2021 European Championship. Pierrik Devic (Leonteq), Stefano Roberti (Piccinina), Giangiacomo Serena di Lapigio (G-Spot), Ferdinando Matteo Scandolera (Irruenza) and Cesare Gabasio (TinnJ70) will be flying the flag high, as will Anne Rodelato and her crew on Pink Wave, the Principality’s only all-female team at the event. All are members of Yacht Club de Monaco and the Monaco J/70 Class Association and earned their places in the Worlds at the qualifiers during the last Monaco Sportsboat Winter Series (2021/2022). No doubt they will be pulling out every stop to win at home. Note also that the boats will be sailing as one fleet with the Open (professionals), One Pro (only one professional aboard) and Corinthian (amateur) categories racing on the same course.

For more information:

LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/037aeb10-93df-4dda-9759-6df82f62749a

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

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Ministers must take care while making policies amid global crisis

President Joko Widodo (Jokowi) has asked ministers to take care while formulating policies amid the increasing pressure exerted by the global financial crisis, Coordinating Minister for Economic Affairs, Airlangga Hartarto, has said.

“It is bigger than the crisis in 1998 when it occurred in several ASEAN countries. President Jokowi has reminded us to make policies carefully,” Hartarto informed after a plenary cabinet meeting at the State Palace, Jakarta, on Tuesday.

According to him, currently, Indonesia’s external resilience is quite strong. The rupiah exchange rate has recorded a depreciation of up to six percent. However, the rupiah’s movement is still stronger than the currencies of other countries.

“It is relatively higher than other countries, including Canada, Switzerland, Thailand, Nepal, as well as the United Kingdom. Indonesia is relatively more moderate than some other countries,” the minister noted.

He also outlined Indonesia’s other external resilience indicators, such as the exchange rate volatility index of 30.49 as well as the investment risk premium (credit default swap/CDS), which is lower than that of Mexico, Brazil, Turkey, and South Africa.

The government is still optimistic that Indonesia’s economy will continue to grow, the minister said. In 2023, the Indonesian economy will grow in the range of 4.8–5.2 percent, he predicted.

The worsening global economic situation was also highlighted by President Widodo on Tuesday after he received a report from the Minister of Finance, Sri Mulyani Indrawati, from Washington D.C., the United States.

The President noted that many countries have applied to the International Monetary Fund (IMF) for financial assistance.

“This morning, I received a call from the Minister of Finance from Washington D.C. She said that 28 countries had queued up as IMF patients,” he said in Jakarta.

Currently, the global economic situation is worsening due to the impact of the COVID-19 pandemic and the conflict between Russia and Ukraine, which have disrupted the food and energy supply chain and also triggered a financial crisis, he added.

The President further said that 66 countries are currently vulnerable to collapse due to the global situation, which has become difficult to predict.

“International institutions say there are 66 countries in a vulnerable position to collapse. Currently, some 345 million people in 82 countries are suffering from acute shortages and hunger, or a food crisis,” he added.

 

Source: Antara News

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Kanjuruhan fact-finding team to submit final report this week

The Joint Independent Fact-Finding Team that is investigating the Kanjuruhan stampede will submit its final report to President Joko Widodo (Jokowi) on Friday (October 14, 2022), the team’s head, Mahfud MD, confirmed on Tuesday.

“The fact-finding team, on Wednesday (October 12), will perform their analysis and draft the conclusion and recommendations, and we hope the final report can be submitted to President Joko Widodo on Friday,” Mahfud said at a press conference here.

The fact-finding team, which was formed on October 3, initially targeted to complete the investigation within a month, but the President later asked for the final report to be completed in two weeks, he added.

“God Willing, we will finish even earlier in just ten days. This means that this Friday (the final report) can be submitted (to the President),” the fact-finding team’s head said.

Mahfud, who is also serving as the Coordinating Minister for Political, Legal, and Security Affairs, further said that the team toiled for a week to seek facts regarding the tragedy, and Tuesday will be the last day for the team to obtain testimonies from relevant parties.

On Tuesday, the fact-finding team obtained testimonies from the Witness and Victim Protection Agency (LPSK), Football Association of Indonesia (PSSI), match organizer PT Liga Indonesia Baru, and television station Indosiar, which broadcast the match, he informed.

“The team will continue obtaining testimonies from civil groups tonight,” he added.

The team is currently verifying alleged errors and weaknesses in the match’s organization and deviations from prevailing regulations on match safety, he said.

“If corrections relevant to the on-site implementation of FIFA regulations are needed, we will first consolidate the issue within our team before consulting FIFA representatives who will be dispatched to Indonesia to assist in the reform of our national football,” Mahfud added.

The fact-finding team will also suggest legal breakthroughs if errors and weaknesses in regulations are detected, he said, adding that reform is necessary to improve the national football sector and prevent similar accidents from recurring in the future.

 

Source: Antara News

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