ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Cutera, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CUTR

NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Cutera, Inc. (NASDAQ: CUTR) between February 17, 2021 and May 9, 2023, both dates inclusive (the “Class Period”) of the important July 24, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Cutera 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 Cutera class action, go to https://rosenlegal.com/submit-form/?case_id=16520 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 July 24, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) overstated the sustainability of Cutera’s revenue growth; (2) failed to disclose significant conflicts among members of the Company’s senior leadership and Board; (3) failed to disclose several material weaknesses in the Company’s internal control over financial reporting; and  (4) as a result of the foregoing, and the significant decline in the market value of the Company’s common stock, Plaintiff and other members of the Class suffered significant damages. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cutera class action, go to https://rosenlegal.com/submit-form/?case_id=16520 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

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

——————————

Contact Information:

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

GlobeNewswire Distribution ID 8863130

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Canopy Growth Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – CGC

WHY: NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Canopy Growth Corporation (NASDAQ: CGC) between May 31, 2022 and May 10, 2023, both dates inclusive (the “Class Period”), of the important July 24, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Canopy Growth 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 Canopy Growth class action, go to https://rosenlegal.com/submit-form/?case_id=16092 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 July 24, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were material weaknesses in Canopy Growth’s internal controls over accounting and financial reporting; (2) as a result, Canopy Growth improperly booked sales of its BioSteel business unit; (3) as a result, Canopy Growth’s revenue was overstated; and (4) as a result of the foregoing, defendants’ positive statements about Canopy Growth’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 Canopy Growth class action, go to https://rosenlegal.com/submit-form/?case_id=16092 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

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

Contact Information:

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

GlobeNewswire Distribution ID 8863119

ROSEN, SKILLED INVESTOR COUNSEL, Encourages DouYu International Holdings Limited Investors to Secure Counsel Before Important Deadline in the Securities Class Action Commenced by the Firm – DOYU

NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DouYu International Holdings Limited (NASDAQ: DOYU) between April 30, 2021 and May 9, 2023, both dates inclusive (the “Class Period”) of the important August 8, 2023 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased DouYu 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 DouYu class action, go to https://rosenlegal.com/submit-form/?case_id=15999 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 August 8, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. 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, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) The Chinese government, due to concerns about issues such as video game and computer addiction, as well as content challenging its authority, could become increasingly aggressive towards DouYu regardless of how effective or sincere its attempts to comply with Chinese law were; (2) this increasingly aggressive posture subjected DouYu to a heightened risk of an investigation and subsequent government enforcement action and ultimately resulted in enforcement action; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DouYu class action, go to https://rosenlegal.com/submit-form/?case_id=15999   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 or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. 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. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

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

——————————

Contact Information:

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

GlobeNewswire Distribution ID “8863129

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Bancor v3 Liquidity Providers to Secure Counsel Before Important Deadline in Securities Class Action Against BProtocol Foundation, Bancor DAO, Galia Benartzi, Guy Benartzi, Eyal Hertzog, and Yehuda Levy

NEW YORK, June 22, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds U.S.-based investors, also called liquidity providers (“LPs”), in Bancor Version 3 (“Bancor v3”) between May 11, 2022 and May 11, 2023, inclusive (the “Class Period”), of the important July 14, 2023 lead plaintiff deadline.

The lawsuit is against BProtocol Foundation, Bancor DAO, Galia Benartzi, Guy Benartzi, Eyal Hertzog, and Yehuda Levy (together, “Defendants”).

SO WHAT: If you invested, or provided liquidity, in Bancor v3 during the Class Period and are a U.S. resident 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 Bancor v3 class action, go to https://rosenlegal.com/submit-form/?case_id=16271 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 July 14, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, the Defendants violated the federal securities laws and various state laws by offering and selling investment contracts to Bancor v3 liquidity providers, without registering under applicable federal securities laws as an exchange or broker-dealer, and without a registration statement in effect for the securities offered and sold. The lawsuit also alleges that the Defendants concealed and misrepresented material information concerning the risks associated with providing liquidity to Bancor v3.

To join the Bancor v3 class action, go to https://rosenlegal.com/submit-form/?case_id=16271 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

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

Contact Information:

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

GlobeNewswire Distribution ID 8863144

NVCR INVESTOR NEWS: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages NovoCure Limited Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – NVCR

NEW YORK, June 22, 2023 (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 securities of NovoCure Limited (NASDAQ: NVCR) between January 5, 2023 and June 5, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 18, 2023.

SO WHAT: If you purchased NovoCure 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 NovoCure class action, go to https://rosenlegal.com/submit-form/?case_id=17256 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 August 18, 2023. 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 made false and/or misleading statements regarding the Company’s business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (1) the Company concealed the true nature of the LUNAR study results—that the overwhelmingly positive way that the Company described them was only a half-truth at best given that the study failed to evaluate the efficacy of the drug against a population of patients that had been receiving standard of care treatment; (2) as a result, the Company’s business prospects, effectiveness of its products, and ultimately the likelihood of FDA approval were materially misleading during the Class Period; (3) the foregoing, once revealed, was reasonably likely to have a material negative impact on the Company’s financial condition; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NovoCure class action, go to https://rosenlegal.com/submit-form/?case_id=17256 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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

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

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

——————————

Contact Information:

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

GlobeNewswire Distribution ID 8863089

Climate change could boost spread of mosquito-borne diseases in Europe: Report

Climate change could increase the spread of mosquito-borne diseases in Europe, the European Centre for Disease Prevention and Control (ECDC) said Thursday.

The ECDC’s latest report reveals that rising temperatures, increased flooding and prolonged summers have led to a significant expansion in the breeding capabilities of the Asian tiger mosquito (Aedes albopictus) and the yellow fever mosquito (Aedes aegypti) within the continent.

The geographical range of these invasive mosquito species has expanded rapidly in recent years, affecting areas that were previously untouched in the EU and European Economic Area (EU/EEA).

ECDC Director Andrea Ammon expressed concern over this development.

“If this trend persists, we can expect a surge in cases and potentially fatalities from diseases such as dengue, chikungunya and West Nile fever.

“It is crucial to intensify efforts aimed at controlling mosquito populations, strengthening surveillance and promoting personal protective measures,” she added.

In 2013, the Aedes albopictus mosquito was established in eight EU/EEA countries, with 114 regions being affected.

Now in 2023, the mosquito has been observed in 13 countries and 337 regions.

Source: Anadolu Agency

Turkish Foreign Ministry condemns ripping up of Quran by Israeli settlers

The Turkish Foreign Ministry on Thursday condemned the ripping up of the Muslim holy book, the Quran, by Israeli settlers who vandalized a mosque in the town of Urif in the occupied West Bank.

In a statement, the ministry expressed concern regarding the renewed tensions in the region in recent days.

“We condemn the attack perpetrated by a group of Jewish settlers on our holy book, the Quran, by entering a mosque in the town of Urif, located in the Palestinian territories under Israeli occupation,” it said.

“We expect the perpetrators of this unacceptable hate crime to be brought to justice as soon as possible,” said the statement.

The ministry also strongly condemned the attacks perpetrated by settler groups in various parts of the West Bank and the killing of a Palestinian civilian by Israeli forces.

It also noted that Israel has the obligation under international law to prevent all attacks on the Palestinian local population, their places of worship, residences and property, as well as to prevent hate crimes, including those motivated by hatred of Islam.

Tensions have been running high across the occupied West Bank in recent months amid repeated Israeli raids into Palestinian towns.

Nearly 180 Palestinians have been killed by Israeli forces since the start of this year, according to the Health Ministry. At least 25 Israelis have also been killed in separate attacks during the same period.

Estimates indicate that about 700,000 settlers are living in 164 settlements and 116 outposts in the occupied West Bank.

Under international law, all Jewish settlements in the occupied territories are considered illegal.

Source: Anadolu Agency

Ukraine says providing it with weapons best way to prevent ‘Russian tragedies’

Ukraine said Thursday that the best way to prevent ‘future tragedies created by Russia’ is to provide Kyiv with the weapons it needs.

Foreign Minister Dmytro Kuleba’s comments came as President Volodymyr Zelenskyy warned that Moscow is planning an attack on the Zaporizhzhia Nuclear Power Plant.

‘Now there will be a lot of quiet diplomatic work, and I think Russia will be sent a warning about what will happen if it takes this step. Whether the Russian Federation will listen is another question,” Kuleba said in an interview with Ukraine’s public broadcaster Suspilne.

‘We never tire of repeating that the best way to prevent future tragedies created by Russia is to give Ukraine the weapons it needs to drive the Russian Federation out of Ukraine,’ he said.

Kuleba said as long as Russia ‘controls at least one square meter of our land, it will have the space of this square meter to stage tragedies.’

‘I talk to different people in London and say: You know, you and I look at this story differently. You say this cannot be done, because it will lead to escalation on the part of Russia. We have gained some experience in 15 months, and we tell you: Russia is escalating regardless of whether you do something or not,’ he added.

Earlier in the day, Zelenskyy said that Ukrainian intelligence received information that Russia is considering a ‘terrorist attack’ on the Zaporizhzhia Nuclear Power Plant that could involve radiation leakage.

The Kremlin slammed the claim as a ‘lie,’ noting that Moscow and the International Atomic Energy Agency (IAEA) are determined to continue dialogue regarding the situation at the plant.

The Zaporizhzhia plant, the biggest in Europe and among the 10 largest in the world, has been under Russia’s control since March last year, soon after the start of the Ukraine war. Since then, both Moscow and Kyiv have accused each other of shelling it.

Source: Anadolu Agency

China completes its longest submarine oil and gas pipeline

China on Thursday completed its longest deepwater pipeline for transporting oil and gas.

The pipeline is a crucial component of the second phase of China’s ultra-deepwater energy station known as Shenhai-1, or Deep Sea-1, which commenced operations in June 2021, Chinese broadcaster CGTN reported.

Located approximately 130 kilometers (80 miles) from Sanya City in the southern province of Hainan, the phase II project aims to increase the peak annual output of the Shenhai-1 gas field from 3 billion cubic meters to 4.5 billion cubic meters, said CGTN.

China National Offshore Oil Corporation (CNOOC) has pioneered a new development model which includes a subsea production system, a shallow water jacket processing platform and a remote-control system for a deepwater semi-submersible platform.

CNOOC has employed a combination of deepwater large-diameter seamless steel pipes and deepwater bimetallic composite pipes to meet the demanding requirements of China’s first deepwater high-pressure gas field.

China has already laid over 9,000 kilometers (5,592 miles) of offshore oil and gas pipelines, demonstrating its leadership in deepwater energy infrastructure development.

The China-Central Asia pipeline delivered 43.2 billion cubic meters of natural gas to China last year.

China’s imports of energy, agricultural and mineral products from the five Central Asian countries — namely Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan — increased by more than 50% last year, while its exports of mechanical and electronic products to these countries rose by around 42%.

Source: Anadolu Agency

UK rail union announces fresh strikes due to ongoing pay dispute

Around 20,000 railway workers in the UK will walk out in July due to a prolonged disagreement over pay, members of the Rail, Maritime and Transport Union (RMT) said on Thursday.

RMT members working across 14 train operating companies will take strike action on July 20, 22 and 29.

“This latest phase of action will show the country just how important railway staff are to the running of the rail industry,” RMT general secretary Mick Lynch said in a statement.

“My team of negotiators and I are available 24/7 for talks with the train operating companies and government ministers. Yet quite incredibly, neither party has made any attempt whatsoever to arrange any meetings or put forward a decent offer that can help us reach a negotiated solution,” he said.

According to the unions, it is crucial for any proposed pay offer to take into account the escalating cost of living.

Currently, inflation in the country stands at 8.7%, but the Rail Delivery Group, representing train operators, recently presented a salary increase of 5%.

Source: Anadolu Agency