Minister of Foreign Affairs Nikos Dendias to visit Lithuania (15 June 2021)

Minister of Foreign Affairs, Nikos Dendias, is travelling to Vilnius tomorrow, Tuesday, June 15, where he will have a meeting with his Lithuanian counterpart, Gabrielius Landsbergis.

The talks are expected to focus on bilateral relations and on enhancing co-operation in areas of common interest, as well as on cooperation within the EU and other international organizations. Regional developments will also be discussed. Statements to the press will follow (at about 13:00 Greek time).

During his visit to Lithuania, the Minister of Foreign Affairs will also be received by the Speaker of the Lithuanian Parliament, Viktorija Čmilytė-Nielsen, while he has been invited to address the Parliament Committee on Foreign Affairs.

West Africa Records FOE 50 Violations in First Quarter of 2021: Nigeria, Guinea Bissau, Guinea at the forefront

Fifty violations were recorded in the first quarter of 2021 in the MFWA’s monitoring of the freedom of expression (FOE) environment of West Africa, with Nigeria (10) and Guinea Bissau (7) emerging as the two top violators.  The last quarter of 2020 recorded two violations less.

While Nigeria has had a repressive FOE environment over the years, threats from drug cartels and military interventions in politics have effectively silenced critical voices in Guinea Bissau.

The quarter also saw Senegal, a bastion of democracy and respect for civil liberties, descend into a brief moment of despotism that resulted in five violations including the killing of two protesters amidst several arrests, an internet shutdown, and shutdowns of media organisations.

Two journalists and a number of political activists were imprisoned in a continuing crackdown on anti-government elements in Guinea. Like Guinea, Togo recorded five violations, all of them against journalists and media outlets. Read the full report here

FXCM launches ‘Client First, Trader Driven’ initiative, expanding product offerings and focusing on client service

LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, June 14, 2021 (GLOBE NEWSWIRE) — FXCM Group, LLC (‘FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange (FX) trading, CFD trading, cryptocurrencies1 and related services, is launching an ambitious ‘Client First’ initiative that expands its product offering and boosts its client service as part of a brand refresh.

A key part of ‘Client First’ is a strong commitment to client service, as highlighted by its ‘client first, trader driven’ tagline in its new logo. FXCM has demonstrated this commitment so far in 2021, reporting that its average live-chat pick-up time was five seconds, while 100% of calls were answered in 45 seconds and emails replied to within a day.2

Over the past year the firm has rolled out popular and emerging products to the retail trading market, adding 79 products including share CFDs, cryptos1 and stock baskets across Europe, Hong Kong and USA. For example, a new stock basket product, Big China Tech (ATMX), combines the shares of Alibaba, Tencent, Meituan and Xiaomi, some of the biggest and most widely traded tech companies globally.

FXCM now offers multiple stock baskets to their retail clients, made up into the following: Big US Tech (“FAANG”), Esports & Gaming, Biotechnology, China Technology and China E-commerce, and now Big China Tech (ATMX). These baskets have proven to be popular with their clients and as a result the company is keen to proactively add new products and expand its competitive offering to reach a wider group of traders.

FXCM also enables its clients to invest in a range of globally listed companies such as Amazon and Tesla, large banks including Citigroup and JP Morgan and firms which have benefited from the work from home trend including Peloton and Zoom Video Communications.

Brendan Callan, CEO of FXCM, said: “We have been proactively rolling out new products, adding 79 products in 2021 so far and will continue to do so for the foreseeable future. With the world drastically changing how it communicates in the past year, we’ve also ramped up resourcing in our client service team. It is paramount that our people connect with our clients on every level from the moment they start their trading journey. Our commitment to top-notch service fosters trust and we look to build a strong connection with our clients through each stage of the trading experience. Our approach is simple: when our clients want to trade something, it should be available on our platform and when they need support, our team is there to help them.”

The firm also won a number of awards in the past year, including the Best Zero Commission* Broker in the ADVFN International Financial Awards 2021 and the Best FX Platform at the 2021 Online Personal Wealth.

1Cryptocurrency products are only available to Professional and Eligible Counterparty Clients under FXCM LTD.

2Jan – May 2021 FXCM Service data

*Award granted to the FXCM Group by ADVFN in March 2021. FXCM can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

73.42% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM Australia Pty. Limited: AFSL 309763. You can sustain a total loss of deposits. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business on www.fxcm.com/au.

FXCM South Africa (PTY) Ltd: FSP No 46534 (www.fxcm.com/za). Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

FXCM Markets Limited: Losses can exceed deposited funds. (www.fxcm.com/markets).

Media contact:

Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com

IOM Somalia Programmatic Overview 2020

1/ IOM SOMALIA
Established in 2006, IOM Somalia has set a strong record on the delivery of frontline services to crisis-affected populations, while steadily developing models and partnerships for longer term recovery and migration governance.
For the past 15 years, IOM Somalia has committed itself to the principle of humane and dignified treatment of crisis-affected populations in an ever-changing environment, while strengthening partnerships for improved resilience, recovery and migration governance.
Somalia has among the most complex migration landscapes in the world. Millions of Somalis have endured decades of crises driven by persistent insecurity and recurrent natural hazards, which have contributed to a constant flux of individuals from their communities. 2020 was a particularly difficult year for Somalia due to the triple threat of COVID-19, flooding and the desert locust infestation. The COVID-19 preparedness and response dominated most of the interventions in the country, whilst the humanitarian situation remained critical due to recurrent climatic shocks, ongoing conflict, and poor access to basic services and livelihood opportunities. These crises have forced people to be internally displaced, with over 2.9 million considered to be most vulnerable as many of them have exhausted their coping mechanism. On the other hand, thousands of Somalis are returning from the diaspora and contributing to ongoing efforts in sustaining and rebuilding the country.
Furthermore, Somalia is a key source and, to some extent, destination country for migrants in the East and Horn of Africa, as well as the main transit country for migrants from Ethiopia en route to Yemen and onward to the Gulf Cooperation Council (GCC) countries. Every year, the thousands of Somalis and migrants who make hazardous journeys along regional migration routes are exposed to severe protection risks and violation of human rights.
To address the overall migration challenges in Somalia, IOM works closely with the Federal Government of Somalia, regional authorities, the UN, donors and civil society by implementing programmes through three pillars: (1) Preparedness and humanitarian response; (2) Long term recovery and durable solutions; and (3) Migration governance and development. With over 650 staff, IOM Somalia operates from its main office in Mogadishu, seven field offices and eight satellite offices, as well as the Nairobi Support Office in Kenya.

Source: International Organization for Migration

Malawi: Emergency Agriculture and Food Security Surveillance System (EmA-FSS) Bulletin, Issue 26: 16–31 May 2021

• The proportion of households relying on food purchase dropped by 1.3 percentage points from 14.4 percent in the first half of May 2021 to 13.1 percent. The proportion of households relying on own food production as a main source of food increased by 1.4 percentage points from 84.3 percent to 85.7 percent. The southern region recorded the highest proportion of households relying on purchase as the main source of food, increasing by 0.8 percentage points from 16.6 percent in the first half of May to 17.5 percent.
• In households owning any type of livestock, the proportion of households reporting suspected livestock diseases dropped by 2.3 percentage points from 17.5 percent in the first half of May 2021 to 15.2 percent. The northern region continued to record the highest proportion of households reporting livestock diseases (19.0 percent down from 20.0 percent).
• The proportion of households involved in fishing related livelihoods activities rose by 0.1 percentage points from 2.3 percent in the first half of May 2021 to 2.4 percent. The southern region recorded the highest proportion of households involved in fishing related activities estimated at 3.2 percent down from 3.3 percent. Households involved in fishing related activities reporting some suspected fish diseases rose by 11.8 percentage points from 6.2 percent to 18.0 percent.
• The average price of maize per kg dropped by 5.7 percent from MK133.29 in the first half of May 2021 to MK125.67. The southern region recoded the highest maize prices per kg estimated at MK135.20 down from MK137.70 in the first half of May 2021, dropping by 1.8 percentage points. Average crop prices per kg for selected crops were MK656.03 down from MK673.40 for rice, MK808.57 up from MK806.65 for beans, MK713.27 slightly down from MK714.19 for ground nuts, MK490.61 down from MK504.97 for Irish potatoes, and MK311.69 down from MK325.59 for sweet potatoes compared to the first half of May 2021.

Source: Food and Agriculture Organization of the United Nations