Author: jezzabellemente

KUALA LUMPUR, June 19 (Bernama) — The first of its kind comprehensive generational spending report on Gen Z which makes up 25 per cent (two billion) of the world’s population, revealed that their global spending power is projected to reach US$12 trillion by 2030. (US$1=RM4.70)

This potentially makes them the wealthiest generation in every region of the world and is set to be the youngest generation to overtake Boomer spending by then, and expected to contribute over US$9 trillion in global spending by 2034, more than any other generation.

According to a statement, the “Spend Z” report uncovers precisely what companies seeking to secure pathways to growth need to urgently and intimately understand about Gen Z, including their preferences, spending habits, values, priorities, as well as how and where they shop.

Among the takeaways from the report also unveiled that Gen Z demand authenticity as they are more interested in authentic relationships with influencers and brands. “Being true to yourself” is the number one ranked description of success for the generation globally.

In addition, their in-store purchases make up almost 50 per cent of their share of dollars and is higher than every other generation before them, even though Gen Z begins their shopping journey online, ranks online reviews from other shoppers as the most important factor when shopping and is heavily influenced by social media.

Gen Z will become the highest consumer spending class in many regions, and 30 per cent of the global workforce in 2030, whereby North America, Europe and Asia Pacific (APAC) will continue to dominate the majority of spending with APAC becoming increasingly important.

Additionally, the report finds that overall Gen Z are health conscious and sustainability minded, and responding to that, NIQ also expects NIQ ​​Better For, a classification leveraging the company’s proprietary algorithm to identify brands through product characteristics, positioning, sales and distribution, products to continue to grow faster than conventional products.

This category includes products that are “better for” the consumer, the environment, and society in which currently, small brands and younger generations drive 62 per cent of the growth in this category.

Purely focused on Gen Z, the “Spend Z” report was issued by NIQ in collaboration with World Data Lab (WDL). The research and analysis presented in the report highlights NIQ’s commitment to delivering actionable market insights.

— BERNAMA

HANGZHOU, China, June 12, 2024 /Xinhua-AsiaNet/–

On June 10, Zhejiang University (ZJU) in Hangzhou, located in East China’s Zhejiang province, celebrated the Dragon Boat Festival, a traditional Chinese holiday highlighted by dragon boat races in honor of the ancient poet Qu Yuan. During the festivities, ZJU hosted the Whiffenpoofs from Yale University, the world’s oldest and best-known collegiate a cappella group. Together with ZJU’s Wenqin Chorus, they performed choral pieces for the faculty and students, adding a vibrant cultural dimension to this cherished festival.

A week prior to the festival, students from global leading universities, including Harvard University, Yale University, UC Berkeley, Nanyang Technological University, the University of Tokyo, Yonsei University, and the University of Cambridge, converged at Zhejiang University, one of China’s oldest and most prestigious higher education institutions.  

During the campus tour, international students enjoyed the dragon and lion dances, watched traditional opera and folk music performances, and tried their hand at calligraphy and seal-engraving. They also visited ZJU’s Museum of Art and Archaeology, which featured an exhibition on Asian civilizations along the Silk Road. With over 210 artifacts spanning five thousand years, the exhibition provided the students with insights into the rich history and cultural exchange of Asian societies.

These cultural immersions followed their participation in the 2024 International Elite Universities Water Sports Open, held on June 1-2. Co-organized by Zhejiang University, the event featured such competitions as a dragon boat 12-athlete 200m race, and a recreational kayak 200m race.

http://mrem.bernama.com/viewsm.php?idm=48797

SAN ĠWANN, Malta, June 14 (Bernama-GLOBE NEWSWIRE) — Adalvo announces the successful DCP approval for Liraglutide pre-filled pen, marking it as the first generic approval in the EU.

As a bioequivalent version of Victoza^® pre-filled pen, indicated for the treatment of type 2 diabetes, this peptide drug achieved global sales exceeding $4.8 billion in 2023, as reported by IQVIA.

The successful development of Liraglutide highlights Adalvo’s capability to offer a diverse and comprehensive diabetes portfolio, encompassing both complex peptide injectables and small molecule oral treatments.

Adalvo’s commitment to providing access to high-quality differentiated products while simultaneously navigating manufacturing complexities reinforces Adalvo’s position as a trusted leader in the pharmaceutical industry.

Click Here To View Adalvo’s Diabetes Portfolio

At Adalvo, there are no half-measures – they are always on target. Their mission is to be faster and stronger than their competitors, driving their vision forward with a winning team.

Adalvo is committed to maintaining the highest standards of excellence in all their endeavors and looks forward to continuing to deliver innovative healthcare solutions that make a difference in the lives of patients worldwide.

About Adalvo

Adalvo is a global pharmaceutical company, and one of the leading B2B pharmaceutical companies in Europe, with commercial partnerships in more than 130 countries and over 140 commercial partners globally. The company’s declared purpose is to make a difference for patients all over the world, driven by our smart collaboration network and commitment to delivering the highest quality differentiated products and services to our partners.

Adalvo takes pride in their ability to help partners reach their goals – be those increasing revenues or pushing into new markets. Tirelessly strives for excellence in all of its endeavours, driven by a deep-rooted passion for making a difference for partners.

The company’s purpose-driven culture is committed to improving the lives of patients around the world. Adalvo’s dynamic leadership team brings significant experience and industry know-how, which has helped to establish the company as a reliable global partner in the industry.

Contacts: Gabrielle Cassar, gabrielle.cassar@adalvo.com

A photo accompanying this announcement is available at 
https://www.globenewswire.com/NewsRoom/AttachmentNg/e1e895aa-f689-4215-a1f8-25285851af9d

SOURCE: ADALVO LIMITED

–BERNAMA

SEOUL, South Korea, June 11 (Bernama-GLOBE NEWSWIRE) — Korea Environmental Industry & Technology Institute (KEITI) announced that Korea’s Leading Environmental Companies, with the support of the Ministry of Environment, will establish a Korean Public Relations Center and participate in the CESG 2024, the show on solutions for the environment, held in Singapore, from June 19 to 21.

The term “Leading Environmental Companies” refers to the most prominent businesses in the Korean environmental sector, recognized for their outstanding business performance and technological expertise.

A total of 10 companies, including 5 excellent domestic environmental companies (Participating directly in the exhibition) and 5 online participating companies, will participate in this exhibition and showcase their outstanding environmental technologies and product:

– Participating directly in the exhibition

• EPiT Co., Ltd.
• enbion Inc.
• STAR’S TECH
• BLUESEN Co., Ltd.
• TURBOWIN CO., LTD.

– Online participating companies

• Techwin Co., Ltd
• LD Carbon Co., Ltd.
• Wellspring Co., Ltd.
• DAEHAN i.m. Co., Ltd.
• Paneco Co., Ltd

You can find these participating companies at the Singapore Sands Expo & Convention Centre (In Hall: Raw /K10, L1-A20).

Contacts

Korea Environmental Industry &Technology Institute (KEITI)

Sujin Kang

sujin@keiti.re.kr

+82-32-540-2212

SOURCE : Korea Environmental Industry & Technology Institute

KUALA LUMPUR, June 10 (Bernama) — Autel Energy, an electric vehicle (EV) charging solutions and services provider, announced its Charging Station Management System (CSMS) has obtained the OCPP 2.0.1 Certification from the Open Charge Alliance (OCA).

According to Autel Energy in a statement, this marks a step forward in the company’s commitment to advancing the interoperability and security of EV charging solutions and reinforcing its leadership in the EV charging industry.

Released by OCA in 2020, OCPP 2.0.1 is the latest version of Open Charge Point Protocol (OCPP) that is the globally recognised standard for effective communication between charging stations and charging station management software.

The protocol provides advanced smart charging capabilities and enhanced control features for utilities, Charge Point Operators (CPO), and EV owners, with only 14 companies worldwide having achieved this esteemed certification, to date.

Autel Energy’s CSMS has successfully completed the Core and Advanced Security profiles of OCPP 2.0.1, demonstrating robust security measures and seamless interoperability.

In addition, Autel has finalised the development for the remaining six profiles of OCPP 2.0.1 and is poised to achieve full certification as soon as OCA opens the certification process for these profiles.

Autel EV Charging Software solution includes the CSMS and the charge app and serves over 100,000 customers across more than 70 countries, as well as facilitates over 600,000 charging sessions per month and contributes to the reduction of over 42 million kilogrammes of carbon dioxide emissions.

By achieving the OCPP 2.0.1 certification, Autel guarantees enhanced security through the implementation of the Transport Layer Security (TLS) Protocol, which supports mandatory encryption and authentication mechanisms.

This achievement also demonstrates the leading position of Autel Energy’s CSMS in technological innovation and industry protocols, enhancing customer trust and market competitiveness, and validates its commitment to providing high-quality, secure, and interoperable charging solutions.

— BERNAMA