ADDYY INVESTOR NEWS: ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages adidas AG Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action Filed by the Firm – ADDYY, ADDDF

NEW YORK, May 10, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of adidas AG (OTC: ADDYY, ADDDF) between May 3, 2018 and February 21, 2023, both dates inclusive (the “Class Period”), of the important June 27, 2023 lead plaintiff deadline in the securities class action commenced by the Firm.

SO WHAT: If you purchased adidas 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 adidas class action, go to https://rosenlegal.com/submit-form/?case_id=12204 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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 June 27, 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, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) in addition to other misconduct, Kanye West (also known as Ye) made anti-Semitic comments in front of adidas staff, and even suggested naming an album after Adolf Hitler; (2) adidas was aware of his behavior, and failed to warn investors that it was aware of that behavior, and had considered ending the Partnership, a business association with adidas and Kanye West, as a result; (3) adidas failed to take meaningful precautionary measures to limit negative financial exposure if the Partnership were to end as a result of Kanye West’s behavior; (4) adidas overstated the risk mitigation measures it took with regard to Yeezy shoes in the event that it terminated the Partnership; and (5) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the adidas class action, go to https://rosenlegal.com/submit-form/?case_id=12204 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] 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.

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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
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

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WFP OPERATIONS IN PALESTINE RISK SUSPENSION DUE TO FUNDING SHORTFALL

The United Nations World Food Programme (WFP) announced today that by next month 200,000 people – 60 percent of the people it assists in Palestine – will no longer be receiving assistance due to a severe funding shortage. By August, WFP will be forced to completely suspend operations in the West Bank and Gaza if no funding is received. ‘Desperate times call for desperate measures. We have no option but to stretch the limited resources we have to ensure that the needs of the most vulnerable families are met. They will go hungry without food assistance,’ said Samer Abdeljaber, WFP Representative and Country Director in Palestine. ‘These are difficult choices, but we have already exhausted all options to stretch the funding that we have. We are grateful for the constant support that we received from donors over the years, but needs are growing, and resources are not meeting these needs.’ This month, the funding crunch forced WFP to reduce the value of its cash assistance by around 20 percent, to US$10.3 per person. WFP urgently needs US$51 million to maintain its life-saving food and cash assistance in Palestine until the end of the year. Vulnerable families in Gaza and the West Bank have been pushed to the limits by the combined effects of growing insecurity, a deteriorating economy, and the rising cost of living that is driving food insecurity up. Due to the steep rise in food prices and the constant instability, even the most basic needs have become unattainable leaving 1.84 million Palestinians – 35 percent of the population – food insecure. The situation is particularly dire in Gaza, where unemployment rates stand at 45.3 percent and two out of every three people struggle to afford their next meal. Over the past year, most families have been unable to cope in the face of global food price increases, accelerated by the conflict in Ukraine. In 2022, food prices in Palestine reached their highest in six years. “This past year has been a nightmare for thousands of poorer Palestinian families who have been pushed to their absolute limit,” said Abdeljaber. ‘The average cost of a family’s food needs increased by 20 percent. For Palestinians with low purchasing power, every percentage point increase in prices leaves them unable to meet the most basic food needs.’ WFP’s assistance accounts for an average of nearly half what people spend on food. The loss of assistance will also take its toll on the fragile local economy impacting a network of 300 local shops contracted by WFP across Palestine. Each month, WFP injects around US$3 million into the Palestinian economy through its direct programmes related to electronic cash transfers that allow people to buy wheat flour, vegetable oil, and frozen meat. Through its cash-based transfers platform, WFP also facilitates the transfer of US$10 million every month to vulnerable families on behalf of humanitarian and development partners. ‘We urge government donors and the private sector to continue their support to WFP during this difficult time,’ said Abdeljaber. ‘Continued donor support has allowed us to provide a lifeline to Palestinians as well as build sustainable food solutions in Palestine. We need now, more than ever, to ensure that work does not stop.’

Source: National News Agency – Lebanon

UAE Press: The world should cut emissions, not progress

ABU DHABI, 11th May, 2023 (WAM) — A UAE-based publication said that the funding for an initiative led by the UAE and the US to develop climate-friendly farming has grown to more than $13 billion, passing the $10bn target set for Cop28, the global climate change summit to be held in the UAE later this year. In its editorial on Thursday, The National said, “In a wide-ranging speech to the Climate Tech gathering yesterday, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Cop28 President-designate discussed key elements of the UAE’s climate policy, talking about solar power, hydrogen technology and carbon capture. “Notably, he also highlighted how the right approaches could cut emissions while supporting a sustainable, low-carbon economy. The focus was on the need to cut emissions, not progress, with a prioritisation of sustainable economic developments.” These two developments point to a comprehensive and multifaceted approach to the world’s rapidly changing environment, the daily noted. The Abu Dhabi event involves pivotal UAE players, such as ADNOC and Masdar, joining more than 100 companies, executives and senior energy industry figures to discuss practical, cutting-edge technological solutions to global warming. These include robotics and AI, carbon capture, digitalisation, alternative fuels, hydrogen, as well as new and low-carbon energy initiatives. On the other hand, the UAE a country with a relatively modest agricultural sector is taking a leading role in the 50-country Agriculture Innovation Mission for Climate, or Aim for Climate, programme to build more resilient and sustainable food-production and supply networks, as well as cutting agricultural emissions. The billions in funding commitments secured this week will go towards, among other things, initiatives to support smallholder farmers, emerging technologies and methane reduction. This is an important sector to focus on agriculture plays a critical part in global warming. In 2021, the World Bank called it “a major part of the climate problem” that generates between 19 and 29 per cent of total greenhouse gas emissions. The editorial continued, “Informing both these aspects of climate-related work is a healthy dose of realism when it comes to overnight change and the importance of maintaining economic growth. “Regarding agriculture, there is an understanding that the world still needs industrial levels of farming to feed billions of people and support national economies as well as countless local livelihoods. It is a question of mitigating agriculture’s worst by-products, developing newer, smarter and more sustainable ways of producing enough food for everyone, and cutting food waste another issue that the UAE has been focusing a considerable amount of energy on.” Similarly, Dr. Al Jaber when addressing the CERAWeek energy conference in Houston, Texas in March, pointed out that “for high-emitting sectors, renewable energy is just not going to be enough”. And after completing a two-day trip to China last month, he said, “We need to explore every available option. It is not renewables, hydrogen, nuclear, carbon capture, or only using the least carbon-intensive oil and gas. It is all of the above, plus new technologies yet to be invented, commercialised and deployed.” “The challenges are considerable, but the energy and time being invested in practical solutions to the problems thrown up by climate change should be reassuring. Steering clear of quick fixes or approaches that leave behind the developing world is a wise path to take. What this week shows is that when it comes to the interrelated challenges posed by man-made climate change, the UAE is joining the dots,” the editorial concluded.

Source: Emirates News Agency (WAM)

Death toll in Gaza from Israeli air strikes up to 28

Palestinians killed in Israeli air strikes in Gaza rose to 28 as of Tuesday. The Ministry of Health in Gaza reported Thursday in an update on the death toll amongst Palestinians from the Israeli operations in Gaza to at least 28 and 93 wounded.

Source: Jordan News Agency

Jordan, Palestinians suspend recognition of Armenian Patriarch Nourhan Manougian

Jordan and the Palestinians Thursday issued a joint statement suspending their recognition of Nourhan Manougian as Patriarch of the Armenian Orthodox Church in Jerusalem, the Palestinian Territories and Jordan because of Manougian’s “dealings” with the real estate of the Armenian quarter in the Old City of Jerusalem. The statement noted that the two countries had decided to suspend their recognition following instructions from His Majesty King Abdullah II and Palestinian President Mahmoud Abbas after Manougian took real estate measures and deals that would affect the future of Jerusalem without agreement and consultation with the relevant parties. The decision, according to the statement, came after the “deal” related to the al-Bustan site known as the “Cow Garden” and its surroundings, which extends to the “Al-Qishla” building in Bab al-Khalil, which constitutes a large part of the Armenian quarter. Patriarch Manougian dismissed demands to stop measures that would impact the historical and legal status of historical sites, which would change their demographic and geographical nature.

Source: Jordan News Agency

Israeli settlers raze lands near Nablus

Israeli settlers’ bulldozers Thursday razed lands belonging to Palestinian citizens in villages near the occupied West Bank city of Nablus. Ghassan Daghlas, who monitors settlements activities in the northern West Bank, said that bulldozers owned by Israeli settlers have been razing lands belonging to Palestinian citizens located between villages of Asira al-Qibliya and Urif. He added that the settlers were provided protection by security teams from the illegal Israeli settlement of Yitzhar. Daghlas noted that settlers razed lands in the town of Burin, and prevented Palestinians from getting anywhere near it.

Source: En – Palestine news & Information Agency – WAFA

Settler attacks Palestinian vehicles in near Hebron

An Israeli settler Thursday attacked Palestinian citizens’ vehicles on al-Quds street in the town of Beit Ummar, north of the occupied West Bank city of Hebron, sources confirmed. Mohammad Awwad, an activist in Beit Ummar, told WAFA that the settler stood out of his vehicle at the entrance of Kadouri University, al-Aroub branch, and threw rocks at citizens’ vehicles which they were driving through aforementioned street, breaking some of the vehicles’ windshield. Additionally, the Israeli forces broke into a citizen’s home owned by local resident Mohammad Nassri Abu Maria, which was empty, broke the main door, and went through the home looking for surveillance footage. To be noted, a 19- year-old woman has been mildly injured this morning due to being run over by a settler.

Source: En – Palestine news & Information Agency – WAFA

Israeli forces halt construction of water network near Hebron

Israeli occupation forces Thursday issued a halt on construction order against extending a water pipeline in the Ghezawah area, in Masafer Yatta, in the occupied West Bank city of Hebron. Osama Makhamra, an activist, told WAFA that the occupation forces raided the Ghezawah area in the village of Ma’een in Masafer Yatta, and ordered a halt on construction of a water pipeline owned by local resident Yasser Jabbareen. He also noted that the Israeli occupation forces deprive citizens in the aforementioned areas of many essential services and prevent them and the organizations from constructing water and electricity networks, which is all part of the occupation’s settler policy that aims to displace residents from their lands, and seize them for settlement expansion purposes. To be noted, Israeli forces yesterday seized the bulldozer that was working in extending the pipeline and detained its owner.

Source: En – Palestine news & Information Agency – WAFA