Source: United States Navy
IWO TO, Japan – U.S. Navy Explosive Ordnance Disposal (EOD) technicians assigned to Explosive Ordnance Disposal Mobile Unit (EODMU) 5 participated in Iwo To Live Mine Exercise (MINEX) 2025, a bilateral mine countermeasures (MCM) exercise hosted annually by the Japan Maritime Self-Defense Force (JMSDF) in the vicinity of Iwo To, Japan, May 29 to June 24.
Source: The Conversation – USA (3) – By Diane Winston, Professor and Knight Center Chair in Media & Religion, USC Annenberg School for Communication and Journalism
Jimmy Swaggart, one of the most popular and enduring of the 1980s televangelists, died on July 1, 2025, but his legacy lives.
Along with Jerry Falwell and Pat Robertson, he drew an audience in the millions, amassed a personal fortune and introduced a new generation of Americans to a potent mix of religion and politics.
Swaggart was an old-time evangelist whose focus was “saving souls.” But he also preached on conservative social issues, warning followers about the evils of abortion, homosexuality and godless communism.
[Swaggart also denounced] what he called “false cults,” including Catholicism, Judaism and Mormonism. In fact, his denunciations of other religions, as well as his attacks on rival preachers, made him a more polarizing figure than his politicized brethren.
As a reporter, I covered Swaggart in the 1980s. Now, as a scholar of American religion, I argue that while Swaggart did not build institutions like Falwell’s Moral Majority or Robertson’s 700 Club, he helped to spread right-wing positions on social issues, such as sexual orientation and abortion, and to shape the image of televangelists in popular culture..
Born into a hardscrabble life in a small Louisiana town, Swaggart grew up alongside his cousins Jerry Lee Lewis, the future rockabilly pioneer, and future country singer Mickey Gilley.
All three loved music and singing. They polished their playing on an uncle’s piano and sneaked into African American nightclubs to hear the jazz and blues forbidden by their parents.
While Gilley and Lewis turned their musical talent into recording and performing careers, Swaggart felt called to the ministry. He dropped out of high school, married at 17, began preaching at 20 and was ordained at 26.
He was licensed by the Assemblies of God, a Pentecostal denomination that believes the Holy Spirit endows believers with spiritual gifts that include speaking in tongues and faith healing.
Pentecostals were nicknamed Holy Rollers because of their tendency to shake, quake and roll on the floor when feeling the Holy Spirit. Their preachers excelled at rousing audiences’ ardor, and Swaggart commanded the stage better than most. He paced, pounced and poured forth sweat while begging listeners to turn from sin and accept Jesus.
Starting small, he drew crowds while preaching on a flatbed trailer throughout the South. His following grew, and in 1969 he opened the Family Worship Center in Baton Rouge.
At capacity, the church held 10,000 worshippers, who represented a broad swath of America: young girls and grannies, white and Black, bankers and farmers. His sermons began calmly but built to a fever pitch. CBS newsman Dan Rather once called him the “country’s greatest speaker.”
During services, Swaggart also sang and played piano. In 1982, Newsweek magazine noted his musical chops, naming him the “King of Honky Tonk Heaven.” His music crossed gospel, country and honky-tonk – songs with a strong rhythmic beat – and he sold 17 million albums over his lifetime.
By 1975, Swaggart’s on-stage charisma powered the launch of a television ministry that would reach millions within a decade. Viewers were captivated by his soulful tunes and fire-and-brimstone sermons. At its height, Swaggart’s show was televised in 140 countries, including Peru, the Philippines and South Africa.
His ministry also became the largest mail-order business in Louisiana, selling books, tapes, T-shirts and biblical memorabilia. Thanks to the US$150 million raised annually from donations and sales, Swaggart lived in an opulent mansion, possessed a private jet previously owned by the Rockefellers, sported a yellow gold vintage Rolex and drove a Jaguar.
Swaggart disliked competition and had a history of humiliating rival preachers. Wary of the Rev. Marvin Gorman, a Pentecostal minister whose church also was in Louisiana, Swaggart accused the man of adultery. Gorman admitted his infidelity and was defrocked.
Gorman had heard rumors about Swaggart’s own indiscretions, and he and his son decided to tail the famed evangelist. In 1988, they caught Swaggart at a motel with a prostitute, and Gorman reported the incident to Swaggart’s denomination. He also gave news outlets photos of Swaggart and the prostitute. In a tearful, televised apology, Swaggart pleaded for a second chance.
While his fans were willing, the Assemblies of God had conditions: Swaggart received the standard two-year suspension for sexual immorality. Defying the ruling, Swaggart went back to work after three months, and the denomination defrocked him.
Swaggart might have succeeded as an independent minister, but in 1991 the police stopped his car for driving on the wrong side of the road. Inside they found the preacher with a prostitute. This time, Swaggart did not ask for forgiveness. Instead, he informed his congregation, “The Lord told me it’s flat none of your business.”
Afterward, Swaggart never regained his former standing. His mail-order business dried up, donations fell, and attendance at services cratered. But up until his death, he kept on, in his own words, as an “old-fashioned, Holy Ghost-filled, shouting, weeping, soul-winning, Gospel-preaching preacher.”
Swaggart, like other 1980s televangelists, brought right-wing politics into American homes. But unlike Jerry Falwell and Pat Robertson, Swaggart was less interested in winning elections than saving souls. In fact, when Robertson considered a presidential run in 1988, Swaggart initially tried to dissuade him – then changed his mind and supported him.
Swaggart’s calls for a return to conservative Christian norms live on – not just in Sunday sermons but also in today’s world of tradwives, abortion restrictions and calls to repeal gay marriage. His music lives on, too. The day before he died, the Southern Gospel Music Association Hall of Fame inducted him as a member.
But his legacy also survives in popular culture. In recent years, both reality television and scripted series have starred preachers shaped in the image of Swaggart and his peers. Most exaggerate his worst characteristics for shock and comedic effect.
“Preachers of L.A.,” a 2013 reality show that profiled six Los Angeles pastors, featured blinged-out ministers whose sermons mixed hip-hop with the Bible. The fictional “Greenleaf” followed the scandals of an extended family’s Memphis megachurch, while “The Righteous Gemstones,” a dark spoof of Southern preachers, turned a family ministry into a site for sex, murder and moneymaking.
But these imitations can’t match the reality. Swaggart was a larger-than-life minister whose story – from small-town wannabe to disgraced pastor, to preaching to those who would listen – had it all: sex, politics, music and religion.
For those who want a taste of the real thing, The King of Honky Tonk Heaven lives on. You can see his old services and Bible studies streaming daily on his network.
Diane Winston does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. Jimmy Swaggart’s rise and fall shaped the landscape of American televangelism – https://theconversation.com/jimmy-swaggarts-rise-and-fall-shaped-the-landscape-of-american-televangelism-260377
Source: The Conversation – USA (3) – By Pooja Shree Chettiar, Ph.D. Candidate in Medical Sciences, Texas A&M University
Recently, I found myself pouring my heart out, not to a human, but to a chatbot named Wysa on my phone. It nodded – virtually – asked me how I was feeling and gently suggested trying breathing exercises.
As a neuroscientist, I couldn’t help but wonder: Was I actually feeling better, or was I just being expertly redirected by a well-trained algorithm? Could a string of code really help calm a storm of emotions?
Artificial intelligence-powered mental health tools are becoming increasingly popular – and increasingly persuasive. But beneath their soothing prompts lie important questions: How effective are these tools? What do we really know about how they work? And what are we giving up in exchange for convenience?
Of course it’s an exciting moment for digital mental health. But understanding the trade-offs and limitations of AI-based care is crucial.
AI-based therapy is a relatively new player in the digital therapy field. But the U.S. mental health app market has been booming for the past few years, from apps with free tools that text you back to premium versions with an added feature that gives prompts for breathing exercises.
Headspace and Calm are two of the most well-known meditation and mindfulness apps, offering guided meditations, bedtime stories and calming soundscapes to help users relax and sleep better. Talkspace and BetterHelp go a step further, offering actual licensed therapists via chat, video or voice. The apps Happify and Moodfit aim to boost mood and challenge negative thinking with game-based exercises.
Somewhere in the middle are chatbot therapists like Wysa and Woebot, using AI to mimic real therapeutic conversations, often rooted in cognitive behavioral therapy. These apps typically offer free basic versions, with paid plans ranging from US$10 to $100 per month for more comprehensive features or access to licensed professionals.
While not designed specifically for therapy, conversational tools like ChatGPT have sparked curiosity about AI’s emotional intelligence.
Some users have turned to ChatGPT for mental health advice, with mixed outcomes, including a widely reported case in Belgium where a man died by suicide after months of conversations with a chatbot. Elsewhere, a father is seeking answers after his son was fatally shot by police, alleging that distressing conversations with an AI chatbot may have influenced his son’s mental state. These cases raise ethical questions about the role of AI in sensitive situations.
Whether your brain is spiraling, sulking or just needs a nap, there’s a chatbot for that. But can AI really help your brain process complex emotions? Or are people just outsourcing stress to silicon-based support systems that sound empathetic?
And how exactly does AI therapy work inside our brains?
Most AI mental health apps promise some flavor of cognitive behavioral therapy, which is basically structured self-talk for your inner chaos. Think of it as Marie Kondo-ing, the Japanese tidying expert known for helping people keep only what “sparks joy.” You identify unhelpful thought patterns like “I’m a failure,” examine them, and decide whether they serve you or just create anxiety.
But can a chatbot help you rewire your thoughts? Surprisingly, there’s science suggesting it’s possible. Studies have shown that digital forms of talk therapy can reduce symptoms of anxiety and depression, especially for mild to moderate cases. In fact, Woebot has published peer-reviewed research showing reduced depressive symptoms in young adults after just two weeks of chatting.
These apps are designed to simulate therapeutic interaction, offering empathy, asking guided questions and walking you through evidence-based tools. The goal is to help with decision-making and self-control, and to help calm the nervous system.
The neuroscience behind cognitive behavioral therapy is solid: It’s about activating the brain’s executive control centers, helping us shift our attention, challenge automatic thoughts and regulate our emotions.
The question is whether a chatbot can reliably replicate that, and whether our brains actually believe it.
“I had a rough week,” a friend told me recently. I asked her to try out a mental health chatbot for a few days. She told me the bot replied with an encouraging emoji and a prompt generated by its algorithm to try a calming strategy tailored to her mood. Then, to her surprise, it helped her sleep better by week’s end.
As a neuroscientist, I couldn’t help but ask: Which neurons in her brain were kicking in to help her feel calm?
This isn’t a one-off story. A growing number of user surveys and clinical trials suggest that cognitive behavioral therapy-based chatbot interactions can lead to short-term improvements in mood, focus and even sleep. In randomized studies, users of mental health apps have reported reduced symptoms of depression and anxiety – outcomes that closely align with how in-person cognitive behavioral therapy influences the brain.
Several studies show that therapy chatbots can actually help people feel better. In one clinical trial, a chatbot called “Therabot” helped reduce depression and anxiety symptoms by nearly half – similar to what people experience with human therapists. Other research, including a review of over 80 studies, found that AI chatbots are especially helpful for improving mood, reducing stress and even helping people sleep better. In one study, a chatbot outperformed a self-help book in boosting mental health after just two weeks.
While people often report feeling better after using these chatbots, scientists haven’t yet confirmed exactly what’s happening in the brain during those interactions. In other words, we know they work for many people, but we’re still learning how and why.
Apps like Wysa have earned FDA Breakthrough Device designation, a status that fast-tracks promising technologies for serious conditions, suggesting they may offer real clinical benefit. Woebot, similarly, runs randomized clinical trials showing improved depression and anxiety symptoms in new moms and college students.
While many mental health apps boast labels like “clinically validated” or “FDA approved,” those claims are often unverified. A review of top apps found that most made bold claims, but fewer than 22% cited actual scientific studies to back them up.
In addition, chatbots collect sensitive information about your mood metrics, triggers and personal stories. What if that data winds up in third-party hands such as advertisers, employers or hackers, a scenario that has occurred with genetic data? In a 2023 breach, nearly 7 million users of the DNA testing company 23andMe had their DNA and personal details exposed after hackers used previously leaked passwords to break into their accounts. Regulators later fined the company more than $2 million for failing to protect user data.
Unlike clinicians, bots aren’t bound by counseling ethics or privacy laws regarding medical information. You might be getting a form of cognitive behavioral therapy, but you’re also feeding a database.
And sure, bots can guide you through breathing exercises or prompt cognitive reappraisal, but when faced with emotional complexity or crisis, they’re often out of their depth. Human therapists tap into nuance, past trauma, empathy and live feedback loops. Can an algorithm say “I hear you” with genuine understanding? Neuroscience suggests that supportive human connection activates social brain networks that AI can’t reach.
So while in mild to moderate cases bot-delivered cognitive behavioral therapy may offer short-term symptom relief, it’s important to be aware of their limitations. For the time being, pairing bots with human care – rather than replacing it – is the safest move.
Pooja Shree Chettiar does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. The AI therapist will see you now: Can chatbots really improve mental health? – https://theconversation.com/the-ai-therapist-will-see-you-now-can-chatbots-really-improve-mental-health-259360
Source: Government of India
Source: Government of India (4)
In a major push towards empowering tribal students, the National Education Society for Tribal Students (NESTS), an autonomous body under the Ministry of Tribal Affairs, has unveiled a series of initiatives to enhance education, life skills, and employability for students studying in Eklavya Model Residential Schools (EMRSs) across the country.
On July 9, NESTS signed landmark agreements with UNICEF India, Tata Motors Limited, and the Ex-Navodayan Foundation to roll out programmes that will support over 1.3 lakh tribal students in their academic and professional journeys.
At the centre of these efforts is TALASH (Tribal Aptitude, Life Skills and Self-Esteem Hub), an innovative national platform launched in partnership with UNICEF. TALASH aims to strengthen both academic learning and personal development by helping students discover their strengths, build essential life skills, and plan clear career pathways.
Through psychometric assessments inspired by NCERT’s ‘Tamanna’ initiative, students will receive individual Career Cards suggesting suitable career options based on their aptitudes. The platform will also provide career counselling, dedicated life skills modules, and resources for teachers to guide students effectively. The phased national rollout has already begun, with 189 teachers from 75 EMRSs trained to lead sessions in their schools. By the end of 2025, TALASH is expected to reach all EMRSs in 28 states and 8 union territories.
Complementing this, NESTS has entered into a five-year Memorandum of Understanding with Tata Motors Limited to bridge the gap between classroom learning and industry-ready skills. Under this partnership, students passing out of Class 12 from EMRSs will be enrolled in Tata Motors’ Kaushalya Program — an ‘Earn & Learn’ initiative that combines a Diploma in Engineering with on-the-job training. Eligible students will be aged 18 to 23 and must have secured at least 60% marks in their Class 10 examinations.
The program provides a monthly stipend, subsidised canteen and transport facilities, uniforms, safety equipment, insurance cover, and opportunities for high-performing students to pursue further technical studies such as B.Tech through tie-ups like BITS Pilani’s Work Integrated Learning Program. Placement support under a ‘One Trainee, One Job’ policy will ensure that trained graduates find employment within Tata Motors’ manufacturing and service locations nationwide.
In a parallel move, NESTS has also signed a tripartite agreement with Tata Motors and the Ex-Navodayan Foundation to offer focused coaching for competitive exams like IIT-JEE and NEET. This initiative will include dedicated residential Centres of Excellence at Chankapur (Maharashtra) and Chintapalle (Andhra Pradesh), providing intensive in-person coaching for meritorious science stream students of Grades XI and XII. Additionally, online preparatory classes for Olympiad, NTSE, and KVPY exams will be made available to students from digitally equipped EMRSs, extending support to learners from Grade IX onwards.
Together, these new measures are intended to close educational gaps, build confidence among tribal youth, and create a sustainable pipeline of skilled students ready to contribute to India’s development.
According to Ajeet Kumar Srivastava, Commissioner, NESTS, these collaborations are “a testament to our commitment to providing tribal students with opportunities to realise their full potential. Through these initiatives, we aim to bridge gaps in education and empower the next generation of tribal leaders.”
NESTS, under the Ministry of Tribal Affairs, runs Eklavya Model Residential Schools nationwide to ensure quality education for tribal students. UNICEF India continues to partner with the government in advancing inclusive education, while Tata Motors and the Ex-Navodayan Foundation bring industry experience and academic expertise to strengthen outcomes for tribal youth.
Source: APO
Hon. Dhananjay Ramful, Minister of Foreign Affairs, Regional Integration and International Trade, Republic of Mauritius will pay a visit to Japan from July 13 to 16.
During his stay in Japan, the Minister will meet with Mr. IWAYA Takeshi, Minister for Foreign Affairs of Japan, and will participate in the National Day Event of Expo 2025 Osaka, Kansai, Japan, as official guest of the Government of Japan.
The visit of the Minister is expected to further develop the bilateral relations between Japan and Mauritius.
Distributed by APO Group on behalf of Ministry of Foreign Affairs of Japan.
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
TIANJIN, July 10 (Xinhua) — Igor Khodachek, director of the Eurasian Studies Center of the European University at St. Petersburg, entered his name on a computer while visiting the Tianjin Vocational Institute of Light Industry and a laser marking machine engraved his name on the surface of a metal plate.
“This is a wonderful souvenir of this trip,” said I. Khodachek, who participated in the “Dialogue of World Mayors – SCO Summit Cities,” which was held from July 6 to 9 in Tianjin, northern China. During the event, guests at the aforementioned institute visited an exhibition hall dedicated to Lu Ban’s Workshop and a base integrating production and training in the field of high-precision instrument manufacturing and intelligent manufacturing.
Lu Ban Workshop, named after the famous ancient Chinese craftsman Lu Ban, is a brand of international vocational education initiated and promoted by Tianjin City Government.
To date, China has built 34 Lu Ban Workshops in 30 countries and regions around the world. 10 of them were established in Kazakhstan, Tajikistan, Uzbekistan, Russia, Pakistan, Cambodia, Egypt and other SCO countries.
With the construction of a practical training center and the provision of modern teaching equipment in Lu Ban Workshop, Chinese teachers and technical personnel are also sent to learn technical skills from local teachers who may be invited to China for experience exchange.
Since 2022, Wu Zhengpeng, a teacher from Tianjin Vocational and Technical Institute of Urban Administration and Construction, has been teaching at Lu Ban Workshop in Tajikistan using China’s advanced equipment and 3D teaching resources.
“We had a comprehensive discussion with the teachers of the Tajik side and jointly formulated the curriculum, discussed the methodology and agreed to invite them to Tianjin for exchanges,” Wu Zhengpeng shared. In July last year, representatives of the teachers and students of the Tajik Technical University named after Academician M.S. Osimi visited Tianjin as planned.
Lu Ban’s workshop provides an opportunity for more and more young people from SCO countries to study abroad.
Ibrahim Maher, a 21-year-old student from Egypt, is currently studying at Tianjin Light Industry Vocational and Technical Institute under the Lu Ban Workshop project, majoring in Computer Numerical Control (CNC) technology.
“Lu Ban Workshop has many advanced teaching equipment and data centers from China, which enables students to transform theoretical knowledge into practical skills and adapt to the working environment more quickly. We are also provided with many opportunities to visit companies, participate in internships, and experience a large number of projects in practice,” he said.
At the end of the tour, Director of the Institute of World Politics of Kyrgyzstan Sheradil Baktygulov said that Lu Ban’s Workshop provides assistance to Kyrgyzstan in developing such areas as robotics, autonomous driving and computer technology.
At present, Lu Ban’s Workshop is an important platform for international exchanges and cooperation in the field of professional education, and also serves as a bridge to promote humanities exchanges and the rapprochement of peoples. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
KUALA LUMPUR, July 10 (Xinhua) — Chinese Foreign Minister Wang Yi, a member of the Politburo of the Communist Party of China Central Committee and a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, spoke about the fruitful achievements of bilateral cooperation while delivering a speech at the China-ASEAN foreign ministers’ meeting here on Thursday.
First, the community of shared future between neighboring countries has become stronger. In April 2025, Chinese President Xi Jinping made successful visits to Vietnam, Malaysia and Cambodia, which brought the construction of bilateral communities of shared future to a higher level and promoted mutually beneficial cooperation in the direction of improving quality.
Secondly, steps towards regional openness and cooperation have become more decisive. The negotiations on the China-ASEAN Free Trade Area 3.0 have been fully completed, and the protocol is expected to be signed within a year. The ASEAN-China-GCC (Gulf Cooperation Council) summit has launched a new model of interregional cooperation.
Third, security cooperation has deepened. The two sides completed the third reading of the draft text of the Code of Conduct in the South China Sea, effectively resolving differences and maintaining overall maritime stability. China has also joined hands with Myanmar, Laos, Thailand and other countries to combat transnational crimes such as online gambling and cyber fraud.
Fourth, mutual travel has become easier. Over the past two years, the two sides have held more than 100 cultural and humanitarian events. The issuance of “Lancang-Mekong visa” and “ASEAN visa” has officially begun, making mutual travel as convenient and frequent as family reunions.
Wang Yi noted that China always regards ASEAN as a priority area of its diplomatic relations with its neighbors. Beijing views this region as a pioneering platform for the creation of a community with a common future for mankind, the minister added.
According to him, China will continue to adhere to the principles of good-neighborliness, stable and prosperous neighborhood, benevolence, sincerity, mutual benefit, inclusiveness and common destiny. China is willing to work with ASEAN to promote Asia’s values of peace, cooperation, openness and inclusiveness, and build a common home of peace, security, prosperity, beauty and friendship, Wang said. He also said that China and ASEAN will actively promote the building of an even closer community with a shared future, accelerating the rise of Asia amid the rapid strengthening of the Global South. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
KUALA LUMPUR, July 10 (Xinhua) — China has always been the most reliable stabilizing force in a turbulent world and the most reliable partner for members of the Association of Southeast Asian Nations (ASEAN) in tackling difficult challenges, Chinese Foreign Minister Wang Yi, a member of the Politburo of the Communist Party of China (CPC) Central Committee, said at a China-ASEAN foreign ministers’ meeting here on Thursday.
Noting that China and ASEAN have similar development concepts, common requirements and integrated interests, he added that Beijing regards ASEAN as a priority area for diplomatic relations with its neighbors and a pioneering platform for promoting the building of a community with a shared future for mankind.
“We should support each other and achieve success for each other in advancing the modernization process of Asia,” Wang said.
The minister spoke about the achievements of China-ASEAN cooperation and put forward four proposals.
First, it must become a benchmark for upholding international justice. Wang said China and ASEAN must resolutely uphold the global system with the UN at its core and the international order based on international law.
China supports ASEAN’s central position in the regional architecture and its greater role in regional and international affairs. China is willing to work with ASEAN to practice open regionalism and genuine multilateralism and make greater contributions to regional and global governance.
Secondly, it should be a model for maintaining peace and stability in the region. Peace and stability in the region are extremely valuable and must be reliably protected, and geopolitical conflicts or bloc confrontations should not spread to Asia, Wang Yi said. China is ready to take a leading role in signing the Protocol to the Treaty on a Nuclear-Weapon-Free Zone in Southeast Asia, he added.
The South China Sea is a common home for regional countries, not a “gladiator arena” for major powers, and China is willing to expand cooperation with ASEAN countries in areas such as marine environmental protection, shipping safety, maritime law enforcement and key maritime infrastructure, fully implement the Declaration on the Conduct of Parties in the South China Sea, facilitate consultations on the Code of Conduct in the South China Sea and always hold the initiative in the South China Sea issue, the Foreign Minister stressed.
Third, it is necessary to set an example of mutually beneficial cooperation. According to Wang Yi, Beijing is ready to cooperate with ASEAN in building the China-ASEAN Free Trade Area 3.0, effectively implement the Regional Comprehensive Economic Partnership (RCEP), and build a high-level free trade network.
China is willing to continue to use high-quality cooperation under the Belt and Road Initiative as a core platform, strengthen communication and cooperation with ASEAN in industrial and supply chains, and advance cooperation in areas such as artificial intelligence, digital transformation and clean energy, the minister said.
China highly appreciates ASEAN’s firm commitment to free trade and the multilateral trading system, and holds that economic and trade differences should be resolved through equal dialogue and mutual benefit, while upholding its own dignity and fundamental principles and not encroaching on the interests of third parties, Wang said.
Fourth, we should set an example in promoting inclusiveness and mutual learning. China is willing to continue to advocate dialogue, exchanges and mutual learning among different civilizations with ASEAN countries, the foreign minister said. The two sides should jointly hold a successful Year of People-to-People Exchanges, intensify exchanges in the fields of education, youth, think tanks, media and other areas, take concrete measures to implement the Global Civilization Initiative and promote mutual understanding, friendship and integration among peoples.
The participating countries noted that China-ASEAN cooperation is the most dynamic and fruitful. China has always been one of ASEAN’s most important dialogue partners, they said, expressing gratitude to China for supporting the association’s central position. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
LHASA, July 10 (Xinhua) — China’s SF Airlines on Thursday launched a cargo flight linking Lhasa in China’s Xizang Autonomous Region and Ezhou in Hubei Province.
The Boeing 757-200 of the company left Lhasa Konggar International Airport at 12:10 p.m., carrying agricultural products including tomatoes, chicken eggs, rapeseed oil and barley to Ezhou, becoming the first scheduled flight in Xijiang dedicated exclusively to cargo.
According to the plan, round trip flights on this air route will be carried out once a week. The aircraft is capable of delivering more than 30 tons of cargo on the Lhasa-Ezhou route.
The opening of the flight on the new route will make it more convenient to deliver products from Xizang not only to other regions of the country, but also beyond its borders, said Liu Shuxin, an employee of the Xizang branch of SF Airlines.
Given Xijiang’s strategic location as the “gateway to South Asia,” the launch of the Lhasa-Ezhou route will help other regions in the country expand their supply of products to the South Asian market, he added.
According to official data, airports in the Xizang Autonomous Region served 3.7 million passengers in the first half of this year. At the same time, the cargo turnover and the volume of parcels through them amounted to 26 thousand tons. These figures increased by 3.0 percent and 7.9 percent, respectively, year-on-year. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
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Source: US Global Legal Monitor
Today’s blog post is an interview with a foreign law intern at the Law Library of Congress, Raksmei Dara. She works with Foreign Law Specialist Sayuri Umeda in the Global Legal Research Directorate.
Describe your background.
My name is Raksmei Dara, but people call me Mei. I was born in the heart of Phnom Penh city, Cambodia. I have an older brother, and I am the youngest one in my family.
What is your academic/ professional history?
I have a bachelor’s degree in law from the American University of Phnom Penh and a Bachelor of Arts in law from the University of Arizona. I interned at the Fraud Prevention Unit in the U.S. Consular Affairs Office at the United States Embassy in Cambodia during my undergraduate program. Shortly after, I was offered a scholarship from Pennsylvania State University for an LL.M. program, where I earned my concentration in international, foreign, and comparative law. While at Penn State, I was chosen and coached as a competitor for Penn State Law in the Willem C. Vis International Commercial Moot Court Competition 2025. That is when my passion for international law grew.
How do you describe your job to other people?
I am a foreign law intern in the Global Legal Research Directorate of the Law Library of Congress. I research and analyze Cambodian legal frameworks, draft articles on new laws and other regulations, and compile those findings into clear, up-to-date reports and articles for our global audience.
Why did you want to work at the Law Library of Congress?
The Law Library of Congress is an open door for me to deepen my legal skills, gain new research knowledge, and collaborate with incredible scholars from around the world. Most importantly, the Library of Congress is a place of rich history and unparalleled resources, making it the perfect stepping stone for my legal career. I am grateful to have such an honorable institution like the Law Library of Congress as part of my legal professional journey.
What is the most interesting fact you have learned about the Law Library of Congress?
I am blown away by how professional and talented everyone is in the workplace. The Library of Congress feels like a jungle of unmatched resources and archival treasures you simply cannot find anywhere else in the world. Its global network of scholars and the depth of its collections make it a truly one-of-a-kind institution that words cannot do justice.
What’s something most of your co-workers do not know about you?
I always find myself interested in the psychology behind laws and how law shapes both legislation and enforcement.
Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.
Source: Agenzia Fides – MIL OSI
Thursday, 10 July 2025
LG
Maumere (Agenzia Fides) – The Camillian mission in Indonesia experiences the feast of Saint Camillus of Lellis, patron saint of the sick and healthcare workers and founder of the Order of the Sick, with great joy and gratitude.”July 14, 2025, is a historic day for the Camillian delegation in Indonesia: four new deacons will be ordained, ten religious will take temporary vows, twenty-two confreres will renew their vows, and eleven young men will be received into the novitiate,” Father Luigi Galvani (MI), Camillian missionary on the island of Flores, told Fides.The Eucharistic celebration will take place at the Camillian Philosophical and Theological Seminary in Maumere, on the island of Flores, the beating heart of the Indonesian mission. The solemn liturgy will be presided over by the Bishop of the diocese, Edwaldus Martinus Sedu, while the Provincial Superior of the Camillians, Father Evan Villanueva, and the religious from the various Camillian communities in the country will concelebrate.”These significant events,” the missionary continued, “are not mere dates, but a living testimony to the fruitfulness of the Camillian charism, present in Indonesia since 2009. In just over fifteen years, the mission has taken deep root thanks to the constant work of vocational promotion and formation, service to the sick, especially the poorest and most marginalized, and various important social projects. These include the feeding program and the new shelters for the mentally ill, who were previously chained and lived in atrocious conditions” (see Fides, 24/1/2024).”All of this stimulates us and keeps us young, so to speak,” jokes the missionary, who is over eighty years old. “We pray to Saint Camillus to continue to inspire us with renewed enthusiasm and missionary zeal.””The charism of Saint Camillus, at the center of which is merciful love for the sick, ‘like a mother towards her only sick child,’ continues to attract young people willing to give their lives in generous and radical service,” concludes Father Luigi. “On this feast day, the young Camillian mission in Indonesia thanks the Lord for the gifts received and renews its commitment to live and ever more widely spread the Gospel of charity, following the example of Saint Camillus, in a world in need of peace, solidarity, and hope.” (LG/AP) (Agenzia Fides, 10/7/2025)
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Source: GlobeNewswire (MIL-OSI)
SAN FRANCISCO, CA AND PERTH, AUSTRALIA, July 10, 2025 (GLOBE NEWSWIRE) — Experience.com, a global leader in customer experience, reputation management, and online visibility, today announced the appointment of Locafy Limited (Nasdaq: LCFY), a recognized innovator in location-based digital marketing, as its newest partner in the Asia-Pacific (APAC) region.
Under the partnership agreement, Locafy will resell Experience.com’s advanced review management platform across APAC markets. The collaboration merges two highly complementary technologies—Locafy’s AI-driven local search optimization and landing page automation with Experience.com’s industry-leading online presence and reputation management software.
The combined solution delivers an all-in-one platform that helps individual professionals and tradespeople elevate their online presence, strengthen trust with verified customer reviews, and drive meaningful consumer engagement—streamlining digital marketing into a single, unified experience.
“Locafy’s technology is built to help professionals get discovered online—faster and more frequently,” said Scott Harris, CEO of Experience.com. “By partnering with Locafy, we’re extending our reputation and search visibility management capabilities to a broader APAC audience as part of a comprehensive local marketing solution. Together, we’re enabling businesses to grow their digital footprint, build trust, and convert more leads.”
Locafy’s platform automates the creation of AI-optimized landing pages, manages local business listings, and enhances local search rankings through its patented Local Boost technology. With a database of over 1.2 million businesses in Australia alone, Locafy is uniquely positioned to accelerate the adoption of Experience.com’s solutions throughout the region.
“Our focus is on building smart, scalable tools that empower small businesses and professionals to thrive in the digital economy,” said Gavin Burnett, CEO of Locafy. “By integrating Experience.com’s powerful platform with our local search technology, we’re delivering a first-of-its-kind product that combines visibility, credibility, and customer engagement—driven by automation and AI.”
The APAC rollout will initially focus on service-based professionals and tradespeople aiming to increase inbound referrals, boost their online brand, and improve conversions through enhanced digital trust signals.
This strategic partnership underscores both companies shared vision: to transform local digital marketing through innovation, automation, and AI-powered performance.
About Experience.com
A leader in the 2024 J.D. Power rankings, Experience.com caters to a wide-ranging target market, including both local professionals and multi-location brands seeking to fortify their online reputation through the power of AI and customer feedback.
Our platform is designed to help businesses & professionals boost their experience excellence, harness the insights from customer feedback, and establish unwavering trust among their audience. We empower them to not only maintain an exceptional online reputation but also to leverage it as a tool for acquiring new business.
Our versatile solutions resonate with businesses of all sizes, offering the means to excel in Customer Experience (CX), Employee Engagement (EX), and Reputation Management across various industries. Our Search Rank Platform also allows professionals and organizations to take control of their entire online presence from one platform, and climb the search ranks with our tailored tools.
About Locafy
Locafy (Nasdaq: LCFY, LCFYW) is a global software-as-a-service (SaaS) company specializing in local search engine marketing. Founded in 2009, Locafy aims to revolutionize the US$700 billion SEO sector by helping businesses improve visibility and search relevance in proximity-based searches. Its fast, easy, and automated platform is trusted by brands worldwide. Learn more at www.locafy.com.
Investor Relations Contact
Matt Glover
Gateway Group, Inc.
(949) 574-3860
LCFY@gateway-grp.com
Source: GlobeNewswire (MIL-OSI)
LONDON, UK, July 10, 2025 (GLOBE NEWSWIRE) — GoldenMining, a UK-based provider of cloud-based cryptocurrency mining infrastructure, has announced a significant milestone in its international expansion strategy. The update comes in light of recent regulatory developments in the United States, which many in the industry view as a positive step toward greater clarity for digital asset businesses.
The U.S. Securities and Exchange Commission (SEC), under Chairman Paul Atkins, has recently advanced discussions around two cryptocurrency-focused bills—the “GENIUS Act” and the “CLARITY Act.” These proposed frameworks aim to establish stablecoin protections and potentially exclude Ethereum (ETH) from securities classification, thereby reducing legal uncertainty for crypto-related operations.
GoldenMining, which has operated across multiple markets for years, has responded to this policy momentum by increasing investment in its global infrastructure. The company reports that its total number of active cloud mining units has surpassed one million—a first in its operational history—and that it will be launching additional data centers in Asia and Latin America in Q3 2025.
“These policy signals offer a more stable environment for infrastructure providers like us,” said a spokesperson for GoldenMining. “We see this as an opportune time to accelerate the rollout of our decentralized mining services and bring more global users into the crypto ecosystem—safely and sustainably.”
GoldenMining’s systems are built to support a multi-currency mining environment, and the company has emphasized its commitment to high-speed settlement protocols, infrastructure transparency, and security-first architecture. Its operational and compliance teams continue to monitor global regulatory shifts as the digital asset industry enters a new chapter of standardization.
How to use GoldenMining –
1. Register an account and get a $15 immediately, so you can experience mining and understand the profit model faster
2. Start buying contracts, which are the main source of profit. By purchasing contracts, you can activate the mining machine in the cloud until the profit is generated
3. Flexible contract period, investors can choose 5-day, 12-day, 25-day, or longer contracts according to their own needs. The longer the period, the higher the yield. For more contracts, please visit the website: http://www.GoldenMining.com
Investors’ popular contracts reference
| contract | Investment Amount | Contract Rewards | Total income |
| New User Experience | $15 | $0.60 | $15.60 |
| Elphapex DG1+ | $100 | $3 | $106 |
| Bitmain S23 Hyd | $650 | $42.25 | $692.25 |
| AntminerL917GH | $1800 | $287.28 | $2087.28 |
| L916GH | $4500 | $1890 | $6390 |
| ElphaPex DG Hydro1 | $7800 | $3276 | $11076 |
| Elphapex DG2 | $12,000 | $8,100.00 | $20,100.00 |
4. GoldenMining settles profits every 24 hours. As long as it reaches $100, you can withdraw the profit of the day, or you can make compound interest investments to infinitely magnify the profit.
5. Provide recharge and withdrawal of multiple cryptocurrencies: Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), SOL, Ripple (XRP), US Dollar (USDC), Litecoin (LTC), USDT-TRC20, USDT-ERC20, so that investors have multiple choices and can better understand the transactions between various currencies.
About GoldenMining
GoldenMining is a global cloud mining company offering scalable, secure, and energy-conscious solutions for digital asset mining. With users across 100+ countries and operations anchored in high-performance data centers, GoldenMining enables individuals and institutions to participate in cryptocurrency infrastructure with low entry barriers.
Website: www.GoldenMining.com
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Source: GlobeNewswire (MIL-OSI)
DUBAI, United Arab Emirates, July 10, 2025 (GLOBE NEWSWIRE) — Byzanlink, a next-generation tokenization platform bridging traditional and decentralized finance, today announced a strategic partnership with the Hedera Foundation. In the first phase of the partnership, Byzanlink will integrate and deploy on the Hedera Network, the enterprise-grade public network renowned for its high-performance and energy-efficient distributed ledger technology. This collaboration marks a strategic step toward building a compliant, programmable infrastructure for tokenized financial assets.
Byzanlink is set to leverage Hedera’s scalable and secure architecture to accelerate the development of tokenized real-world assets and expand institutional access to compliant, yield-generating financial instruments. The integration enables real-time settlement, increased transparency, and automated asset lifecycle management across a wide range of asset classes.
“We’re excited to collaborate with the Hedera Foundation as we bring real-world financial assets onchain,” said Anbu Kannappan, Founder and CEO of Byzanlink. “Hedera’s enterprise-grade capabilities align well with our vision of building secure, programmable, and transparent financial infrastructure for the future of global capital markets.”
As part of its long-term vision, Byzanlink is targeting the tokenization of over $100 million in real-world assets over the coming years, focused on enabling institutional access to secure, yield-generating financial instruments. Byzanlink’s compliant architecture and partnership with Hedera position the platform to deliver scalable, transparent, and automation-driven solutions for the next generation of capital markets.
Byzanlink is developing an integrated platform that enables institutions, treasuries, and fintechs to interact with tokenized financial assets through a seamless and compliant framework. Through this integration, Byzanlink will leverage Hedera’s Network to ensure scalable deployment and real-time settlement for tokenized asset classes.
“Byzanlink’s infrastructure is aligned with our vision for enabling the next generation of institutional finance on Hedera,” said Vignesh Raja, Director of Business for Middle East & South Asia at Hedera Foundation. “We believe their model offers a compelling framework for tokenizing real-world assets at scale, and we’re proud to support their growth.”
The collaboration will focus on key areas including technical integration, real-world asset token issuance, ecosystem collaboration, and expanded regional efforts across the Middle East and beyond.
About Byzanlink
Byzanlink is a multi-asset tokenization platform enabling institutional-grade access to real-world yield through blockchain infrastructure. Its core offerings focus on compliant, secure, and interoperable rails that connect traditional finance to digital economies.
About Hedera Foundation
Hedera Foundation drives the growth of decentralized finance (DeFi) and enterprise applications on the Hedera Network by empowering developers, builders, and innovators with resources and expert guidance. As a key entity in the Hedera ecosystem, the Foundation is dedicated to supporting projects through their journey from ideation to production, fostering growth and expanding the reach of the Hedera Network.
Contact:
Anbu Kannappan
anbu@byzanlink.com
Disclaimer: This content is provided by Byzanlink. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
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Source: Reserve Bank of India
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The Reserve Bank of India (RBl) has, by an order dated July 08, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on Dr. Babasaheb Ambedkar Urban Co-operative Bank Limited, Nagpur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and advances to directors, relatives and firms/ concerns in which they are interested-UCBs’ and specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, oral submissions made during the personal hearing and additional submissions made by it, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had:
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank. (Puneet Pancholy) Press Release: 2025-2026/689 |
Source: Reserve Bank of India
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The Reserve Bank of India (RBl) has, by an order dated July 07, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Mahesh Urban Cooperative Bank Limited, Parli Vaijnath, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had:
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank. (Puneet Pancholy) Press Release: 2025-2026/690 |
Source: Government of India
Source: Government of India (4)
The Indian quick commerce (Q-commerce) market’s gross order value is poised for exponential growth, nearly tripling from an estimated Rs 64,000 crore in FY25 to around Rs 2 lakh crore by FY28, according to a report on Thursday.
India’s Q-commerce market is estimated to have reached around Rs 64,000 crore in FY25, growing at a staggering CAGR of 142 per cent during FY22-FY25, driven by evolving consumer preferences, hyperlocal infrastructure, and a lower base, according to the report by CareEdge Advisory, a subsidiary of CareEdge Ratings.
“While growth remains strong, the focus is shifting from rapid expansion to reviving profitability and operational efficiency. Going forward, deeper penetration in Tier 2 and 3 cities, and tech-led innovations will likely define the next phase of India’s Q-commerce landscape,” said Tanvi Shah, Senior Director and Head, CareEdge Advisory and Research.
The Q-commerce market revenue generated through fees has grown at a significantly faster pace than the GOV.
The fee-based revenue, which stood at Rs 450 crore in FY22, has reached an estimated Rs 10,500 crore in FY25 and is further projected to reach Rs 34,500 crore by FY28, representing a significant CAGR of 26-27 per cent from FY25 to FY28.
This sharp increase is due to increased platform fees by major players, resulting in higher revenue realisation and a substantial increase in overall GOV, the report added.
Q-commerce industry is still just around 1 per cent of India’s massive grocery market, but that’s exactly what makes it exciting.
“As more consumers embrace the speed and convenience it offers, Q-commerce is set to grow rapidly, even if the broader grocery market growth remains flat,” said Amir Shaikh, Assistant Director, CareEdge Advisory and Research.
This digital backbone has enabled the rapid adoption of e-commerce and Q-commerce platforms. India had over 270 million online shoppers in 2024, making it the second-largest e-retail user base globally.
The e-commerce market grew 23.8 per cent YoY in 2024 and is expected to maintain a CAGR of 21.5 per cent through 2030.
India’s Q-commerce surge is strongly driven by rising digital adoption and expanding consumer spending power.
As of early 2025, the country had over 1.12 billion mobile connections, with 806 million internet users, representing a 6.5 per cent YoY increase, and is projected to exceed 900 million users by year-end.
(IANS)
Source: Government of India
Source: Government of India (4)
A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025.
End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year.
Specialised GenAI models are trained or fine-tuned on industry or business process-specific data.
Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specific (that is, specific to an industry or business function), up from 1 per cent in 2024.
“Foundation GenAI models (including LLMs) are trained on vast amounts of data and used for many different tasks. They are the first models supporting GenAI and will continue to represent the largest area of spending by organizations in the coming years,” said Arunasree Cheparthi, Senior Principal Research Analyst at Gartner.
However, organisations are also turning to more domain-specific or vertical GenAI models because they offer improved performance, cost, reliability and relevance in targeted enterprise use cases over foundation models, she mentioned.
An earlier Gartner report had said that global generative AI spending is expected to reach $644 billion in 2025, a surge of 76.4 per cent from 2024. GenAI spending in 2025 will be driven largely by the integration of AI capabilities into hardware, such as servers, smartphones and PCs, with 80 per cent of GenAI spending going towards hardware.
GenAI spending is poised for significant growth across all core markets and submarkets in 2025. GenAI will have a transformative impact across all aspects of IT spending markets, suggesting a future where AI technologies become increasingly integral to business operations and consumer products, the report had mentioned.
Foundational model providers are investing billions annually to enhance GenAI models’ size, performance, and reliability. This paradox will persist through 2025 and 2026.
(IANS)
Source: Government of India
Source: Government of India (4)
A Gartner report said on Thursday that worldwide end-user spending on generative AI (GenAI) models is projected to reach $14.2 billion in 2025.
End-user spending on specialised GenAI models, which include domain-specific language models (DSLMs), is estimated to total $1.1 billion this year.
Specialised GenAI models are trained or fine-tuned on industry or business process-specific data.
Gartner predicts that by 2027, more than half of the GenAI models used by enterprises will be domain-specific (that is, specific to an industry or business function), up from 1 per cent in 2024.
“Foundation GenAI models (including LLMs) are trained on vast amounts of data and used for many different tasks. They are the first models supporting GenAI and will continue to represent the largest area of spending by organizations in the coming years,” said Arunasree Cheparthi, Senior Principal Research Analyst at Gartner.
However, organisations are also turning to more domain-specific or vertical GenAI models because they offer improved performance, cost, reliability and relevance in targeted enterprise use cases over foundation models, she mentioned.
An earlier Gartner report had said that global generative AI spending is expected to reach $644 billion in 2025, a surge of 76.4 per cent from 2024. GenAI spending in 2025 will be driven largely by the integration of AI capabilities into hardware, such as servers, smartphones and PCs, with 80 per cent of GenAI spending going towards hardware.
GenAI spending is poised for significant growth across all core markets and submarkets in 2025. GenAI will have a transformative impact across all aspects of IT spending markets, suggesting a future where AI technologies become increasingly integral to business operations and consumer products, the report had mentioned.
Foundational model providers are investing billions annually to enhance GenAI models’ size, performance, and reliability. This paradox will persist through 2025 and 2026.
(IANS)
Source: People’s Republic of China – State Council News
CAIRO, July 10 — Chinese Premier Li Qiang said here on Thursday that China is willing to strengthen Belt and Road cooperation with Egypt in such areas as economy, trade, finance, manufacturing, new energy, science and technology, and cultural and people-to-people exchanges.
During his meeting with Egyptian President Abdel Fattah El-Sisi, Li also said that China is willing to encourage more capable Chinese enterprises to invest in Egypt.
Li conveyed to Sisi cordial greetings from Chinese President Xi Jinping, saying that China-Egypt relations have flourished in recent years under the strategic guidance of the two heads of state.
The Chinese side, Li said, is ready to work with Egypt to take the 70th anniversary of diplomatic ties between the two countries next year as an opportunity to carry forward the traditional friendship, consolidate political mutual trust, and continue to firmly support each other on issues concerning each other’s core interests.
China is also willing to join Egypt to continue to enrich the China-Egypt comprehensive strategic partnership, push for more achievements in cooperation in various fields between the two nations, and keep moving forward to the goal of building a China-Egypt community with a shared future in the new era.
The international landscape is marked by mounting turbulence and escalating disorder, with prolonged and unresolved conflicts particularly afflicting the West Asian and North African regions, Li said.
China stands ready to maintain close communication with Egypt and promote an early ceasefire in Gaza, Li said.
The Chinese side is also ready to join Egypt in alleviating the humanitarian crisis, preventing the spillover and escalation of the conflict, and making unremitting efforts for a comprehensive, just and lasting settlement of the Palestinian issue, said the Chinese premier.
He said China is willing to work with Egypt to enhance communication and coordination within multilateral platforms including the United Nations, BRICS and the Shanghai Cooperation Organization, and practice true multilateralism.
Li added that China will work with Egypt to promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, and push for the steady and long-term development of China-Arab and China-Africa cooperation.
Source: US State of Connecticut
In his speech for the College of Agriculture, Health and Natural Resources (CAHNR) this past spring, keynote speaker Rodney Butler ’99 (BUS), Chairman of the Mashantucket Pequot Tribal Nation, told an abbreviated version of the Indigenous creation story of Skywoman.
“When the world was covered in water, Skywoman fell from an opening in the Skyworld and landed on the back of a giant turtle. Skywoman enlisted the help of many animals to dive deep to retrieve soil from the depths of the ocean in an effort to create land. Many animals attempted to grab the soil, but it was the unlikely muskrat, who was both humble and courageous, that was able to return the soil and place it on the back of the great turtle. As the mud is placed on the turtle’s back, it grows and expands, eventually forming the continents and life-sustaining world we know today.”
Butler spoke of how the story emphasizes the importance of working together and that we are all better when we work and learn together. There is also great strength in partnering Indigenous knowledge with science to build a sustainable future.
Associate Professor Beth Lawrence has a joint appointment with the Center for Environmental Science and Engineering and the Department of Natural Resources and the Environment in CAHNR, and her work adds to the time-honored appreciation of the courageous and humble muskrat. In research published in Freshwater Science, Lawrence and collaborators, including project lead Shane Lishawa and Andrew Monks from Loyola University, and Danielle Fegan and Eric Clark, who are biologists with the Sault Ste. Marie Tribe of Chippewa Indians, describe how muskrats engineer more biologically diverse marsh ecosystems.
The researchers study cattail-dominated marshes and strategies to create more varied, or heterogeneous, ecosystems using methods like mechanical harvesting or by applying herbicides. While out on field research, Lawrence says they made an intriguing observation.
“We noticed in some years that muskrats were doing naturally what we were doing with our aquatic weed whackers and gas-powered equipment. We thought that maybe we should investigate how muskrats alter cattail and associated species,” says Lawrence.
The project focused on a marsh that connects the St. Mary’s River outlet of Lake Superior to Lake Michigan and Lake Huron. In vast marshes like this one, the non-native cattail species Typha can take over and make acres of marshland look similar to cornfields in terms of the lack of diversity, says Lawrence. These kinds of monocultures do not support biologically diverse ecosystems.
“It homogenizes the wetland, and is not an ideal habitat for birds, macro-invertebrates, fish, and native plants, so over the last 15 years we’ve been interested in how we can manage these invaded cattail marshes of the Great Lakes,” Lawrence says.
The researchers have tried a variety of methods to control the cattails, but they are most interested in using mechanical means, rather than chemical control measures.
“Cutting the cattail at different intensities and frequencies can reduce its abundance and promote native diversity and also open up habitat that creates heterogeneity in these monotypes. This promotes species diversity overall, and improves habitat for native fish and bird communities,” says Lawrence.
Muskrats are semi-aquatic rodents that naturally harvest cattails by cutting them below the water level. This is important because the stems of the plant act almost like a snorkel to provide oxygen to the roots. Cutting stems below the water essentially drowns the cattail by severing the connection between the oxygen-rich atmosphere and the anoxic sediment common to wetlands. The muskrats use the cattails to build their lodges, and the process creates openings that give other plant species a chance to grow.
Using drones and aerial photography, the researchers identified several lodges and openings where they sampled the vegetation and water quality parameters. They also harvested cattails via mechanical methods or with herbicides to create muskrat disturbance analogs (MDAs) to simulate the muskrat openings. They compared these data with data collected from adjacent non-muskrat-impacted areas.
“Then we monitored the vegetation and water quality parameters for two growing seasons after that. We found there was greater biodiversity with the muskrat disturbances and the MDA treatments,” says Lawrence.
The muskrats and the MDA methods reduced the presence of the cattails as well as another invasive plant called European frogbit (Hydrocharis), therefore they helped promote more heterogenous communities and the authors note that efforts to increase muskrat populations should be taken as a management strategy in areas where these two invasive plant species dominate.
“Restoring biodiversity is critical to our future. Climate change is happening rapidly, and we’re rolling the dice. Maintaining and protecting a diversity of species is important because we don’t know which species will survive or thrive in different climate scenarios,” says Lawrence. “I think of Aldo Leopold’s quote about how an intelligent tinkerer always keeps all the parts. We want to keep all of the parts of the planet because we don’t know exactly what the future is going to look like.”
Lawrence also has projects focusing on beavers, which are also vital ecosystem engineers. Like muskrats, beavers transform habitats and act as keystone species that play an important role in creating wetland habitats,
“These important aquatic rodents transform habitats in many ways that some communities, like the Native Americans, have appreciated for 1000s of years, and Western science is just now discovering that importance. Beavers are resurging on the landscape after being almost extirpated in New England due to hunting. They were reintroduced after being essentially extinct in Connecticut about 200 years ago and then reintroduced about 100 years ago. Now, their populations are exploding, and they’re transforming our landscape again.”
Lawrence also reflects on the significance of teamwork in this project:
“I think science takes a team. Our relationship with the tribe and across institutions is a big part of the importance of this paper and this project. It was a really satisfying project, both in terms of the relationships that have developed over the years, but also how we’ve gained a lot of insights by studying the system over decades.”
Source: GlobeNewswire (MIL-OSI)
LONGBOAT KEY, Fla., July 10, 2025 (GLOBE NEWSWIRE) — Rumble (NASDAQ:RUM), the video sharing platform and cloud services provider, today announced an exclusive partnership with MoonPay, the world’s leading crypto payments infrastructure company, to revolutionize how creators monetize and thrive in a decentralized world. The collaboration marks a major leap forward in the fusion of free expression and financial freedom.
“Rumble Wallet will change the game for creators, and MoonPay is the perfect partner to bring that vision to life,” said Rumble Founder and CEO Chris Pavlovski. “We’re not just building tools – we’re building freedom. And we want partners who are as obsessed with empowering people as we are.”
Through this exclusive partnership, MoonPay will power all crypto on- and off-ramps inside the highly anticipated Rumble Wallet, slated to launch in Q3 2025. This integration will allow users to seamlessly buy, sell and swap crypto, putting control directly into the hands of the community.
Additionally, MoonPay’s award-winning creative agency, Otherlife, will begin leveraging Rumble Cloud for next-gen object storage and decentralized compute.
“We could not be more thrilled to partner with Rumble,” said Ivan Soto-Wright, CEO of MoonPay. “Crypto represents financial freedom, the same way Rumble represents freedom of expression.”
The Rumble x MoonPay partnership represents a shared commitment to building creator-first tools that prioritize free expression, user control and financial independence.
ABOUT RUMBLE
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.
Contact: press@rumble.com
ABOUT MOONPAY
MoonPay simplifies access to buy, sell and trade crypto using everyday payment methods like cards, Apple Pay, PayPal and Venmo, while also providing simple tools to send, receive and manage stablecoins.
Whether you are new to digital money or a company exploring new ways to use it, MoonPay provides the trusted infrastructure to onboard users into the blockchain-based financial ecosystem safely and seamlessly.
With over 30 million customers and powering the infrastructure for nearly 500 companies across the decentralized economy, MoonPay is a key driver behind mainstream crypto adoption. It is fully licensed in the U.S. and regulated in the UK, EU, Canada and Australia—and has been certified for its enterprise-grade security.
MoonPay is changing payments.
Contact: media@moonpay.com
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Source: GlobeNewswire (MIL-OSI)
LONGBOAT KEY, Fla., July 10, 2025 (GLOBE NEWSWIRE) — Rumble (NASDAQ:RUM), the video sharing platform and cloud services provider, today announced an exclusive partnership with MoonPay, the world’s leading crypto payments infrastructure company, to revolutionize how creators monetize and thrive in a decentralized world. The collaboration marks a major leap forward in the fusion of free expression and financial freedom.
“Rumble Wallet will change the game for creators, and MoonPay is the perfect partner to bring that vision to life,” said Rumble Founder and CEO Chris Pavlovski. “We’re not just building tools – we’re building freedom. And we want partners who are as obsessed with empowering people as we are.”
Through this exclusive partnership, MoonPay will power all crypto on- and off-ramps inside the highly anticipated Rumble Wallet, slated to launch in Q3 2025. This integration will allow users to seamlessly buy, sell and swap crypto, putting control directly into the hands of the community.
Additionally, MoonPay’s award-winning creative agency, Otherlife, will begin leveraging Rumble Cloud for next-gen object storage and decentralized compute.
“We could not be more thrilled to partner with Rumble,” said Ivan Soto-Wright, CEO of MoonPay. “Crypto represents financial freedom, the same way Rumble represents freedom of expression.”
The Rumble x MoonPay partnership represents a shared commitment to building creator-first tools that prioritize free expression, user control and financial independence.
ABOUT RUMBLE
Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com.
Contact: press@rumble.com
ABOUT MOONPAY
MoonPay simplifies access to buy, sell and trade crypto using everyday payment methods like cards, Apple Pay, PayPal and Venmo, while also providing simple tools to send, receive and manage stablecoins.
Whether you are new to digital money or a company exploring new ways to use it, MoonPay provides the trusted infrastructure to onboard users into the blockchain-based financial ecosystem safely and seamlessly.
With over 30 million customers and powering the infrastructure for nearly 500 companies across the decentralized economy, MoonPay is a key driver behind mainstream crypto adoption. It is fully licensed in the U.S. and regulated in the UK, EU, Canada and Australia—and has been certified for its enterprise-grade security.
MoonPay is changing payments.
Contact: media@moonpay.com
###
Source: GlobeNewswire (MIL-OSI)
NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced MTM Critical Metals Ltd (ASX: MTM; OTCQX: MTMCF), a pioneer in sustainable critical metals processing and recovery, has qualified to trade on the OTCQX® Best Market. MTM Critical Metals Ltd upgraded to OTCQX from the OTCQB® Venture Market.
MTM Critical Metals Ltd begins trading today on OTCQX under the symbol “MTMCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
“We are pleased to announce our upgrade to the OTCQX Market. With a growing number of US investors, this further enhances the accessibility and visibility of our shares to both institutional and retail investors and it provides them with an opportunity to participate in MTM’s growth. As a disruptor in the metal processing sector with our Flash Joule Heating technology, we look forward to sharing our equity story and warmly welcoming new investors to join us on this journey,” said Michael Walshe, Managing Director.
About MTM Critical Metals Ltd
MTM Critical Metals Ltd is a pioneer in sustainable critical metals processing and recovery, serving advanced industries such as semiconductors, e-waste recycling and military defense. The company’s proprietary Flash Joule Heating (FJH) technology offers a groundbreaking, low-carbon method for efficiently extracting critical materials, including rare earth elements, gallium, germanium, and other valuable metals, from mineral ore concentrates and high-value waste streams. These materials are vital for the production of semiconductors, advanced electronics, and defense systems. Through its U.S.-based subsidiary, Flash Metals, located in Houston, the company is advancing efforts to recover gallium, germanium and rare earth elements from domestic waste streams, contributing to the resilience and security of North America’s critical materials supply chain. The company will be able to recover high value precious metals such as gold, silver and platinum from e-waste which will generate near term revenue for the business. It continues to hold mineral exploration licenses in Australia and Canada.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
Source: GlobeNewswire (MIL-OSI)
NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced MTM Critical Metals Ltd (ASX: MTM; OTCQX: MTMCF), a pioneer in sustainable critical metals processing and recovery, has qualified to trade on the OTCQX® Best Market. MTM Critical Metals Ltd upgraded to OTCQX from the OTCQB® Venture Market.
MTM Critical Metals Ltd begins trading today on OTCQX under the symbol “MTMCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.
“We are pleased to announce our upgrade to the OTCQX Market. With a growing number of US investors, this further enhances the accessibility and visibility of our shares to both institutional and retail investors and it provides them with an opportunity to participate in MTM’s growth. As a disruptor in the metal processing sector with our Flash Joule Heating technology, we look forward to sharing our equity story and warmly welcoming new investors to join us on this journey,” said Michael Walshe, Managing Director.
About MTM Critical Metals Ltd
MTM Critical Metals Ltd is a pioneer in sustainable critical metals processing and recovery, serving advanced industries such as semiconductors, e-waste recycling and military defense. The company’s proprietary Flash Joule Heating (FJH) technology offers a groundbreaking, low-carbon method for efficiently extracting critical materials, including rare earth elements, gallium, germanium, and other valuable metals, from mineral ore concentrates and high-value waste streams. These materials are vital for the production of semiconductors, advanced electronics, and defense systems. Through its U.S.-based subsidiary, Flash Metals, located in Houston, the company is advancing efforts to recover gallium, germanium and rare earth elements from domestic waste streams, contributing to the resilience and security of North America’s critical materials supply chain. The company will be able to recover high value precious metals such as gold, silver and platinum from e-waste which will generate near term revenue for the business. It continues to hold mineral exploration licenses in Australia and Canada.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
Subscribe to the OTC Markets RSS Feed
Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
Source: GlobeNewswire (MIL-OSI)
EVANSVILLE, Ind., July 10, 2025 (GLOBE NEWSWIRE) — As Americans make their travel plans this summer, First Federal Savings Bank and the Independent Community Bankers of America (ICBA) are sharing planning tips for consumers to minimize unwanted surprises during travel to maximize their enjoyment as they venture away from home.
“Planning for the unexpected is the key to lessen the financial impact and increase your peace of mind when traveling domestic or abroad. Important factors are trip delays, lost or damaged merchandise, and last-minute expenses,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Call on First Federal Savings Bank and our expert staff who can offer support if you encounter an unforeseen expense during your travels.”
ICBA and First Federal Savings Bank urge consumers to consider these 10 tips before departing for their next trip:
*Data rates may apply
About First Federal Savings Bank Member FDIC
First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
Source: GlobeNewswire (MIL-OSI)
EVANSVILLE, Ind., July 10, 2025 (GLOBE NEWSWIRE) — As Americans make their travel plans this summer, First Federal Savings Bank and the Independent Community Bankers of America (ICBA) are sharing planning tips for consumers to minimize unwanted surprises during travel to maximize their enjoyment as they venture away from home.
“Planning for the unexpected is the key to lessen the financial impact and increase your peace of mind when traveling domestic or abroad. Important factors are trip delays, lost or damaged merchandise, and last-minute expenses,” said Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank. “Call on First Federal Savings Bank and our expert staff who can offer support if you encounter an unforeseen expense during your travels.”
ICBA and First Federal Savings Bank urge consumers to consider these 10 tips before departing for their next trip:
*Data rates may apply
About First Federal Savings Bank Member FDIC
First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.
About ICBA
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
Source: United Kingdom – Government Statements
UK Export Finance provides support for British exporters supplying a new multi-million pound renewable energy development.
Greater Changhua 2 is a 632 MW offshore wind farm comprised of both Greater Changhua 2a, which is operational, and Greater Changhua 2b, which is under construction
Export Credit Agency provides guarantee to develop one of Asia’s largest offshore wind sites
Backing of wind farm will unlock opportunities for British exporters, strengthening Britain’s position as a clean energy superpower
UK Export Finance (UKEF) is guaranteeing financing for a major offshore wind farm project in Taiwan, creating export opportunities for British businesses.
In support of the government’s Plan for Change and its mission to kickstart economic growth, UKEF – the UK government’s export credit agency – is providing a €146 million Buyer Credit Guarantee to assist the development of 632MW of renewable energy capacity off coast in the Taiwan Strait.
The deal enables British exporters Cadeler, CRP Subsea, Ordtek, and Cathie to secure contracts to provide specialised services and critical components.
It also supports jobs across the UK’s renewable energy supply chain, reinforcing Britain’s position as a global leader in the low-carbon transition – a key ambition set out in the government’s modern Industrial Strategy.
Ørsted, the lead sponsor for this project, is a great example of a business transforming from one reliant on fossil fuels to one based on renewable energy.
The new wind farm will result in reductions of carbon emissions estimated at 1,118,000 tonnes of carbon dioxide equivalent per year.
The project is being financed in collaboration with export credit agencies from Denmark, Norway, South Korea, and Taiwan.
This shows how Government is boosting exports in our key growth sectors and supporting jobs across the country as part of our Plan for Change.
This investment will enable British innovation in renewable technology to scale up Taiwan’s clean energy transition and follows our modern Industrial Strategy, which provides up to £13 billion of direct lending for UKEF to help businesses to export.
We’ve received very strong support from both international and local banks and export credit agencies for the project financing of Greater Changhua 2. This shows that there is a healthy appetite for premium assets with robust contractual structures, and it’s a clear sign that we’re working diligently to deliver on our divestment and partnerships programme.
As the ECA Coordinator and Documentation Bank for the multi-billion financing of the Greater Changhua 2 project, Crédit Agricole CIB reaffirms its strong commitment to the renewable energy sector. This landmark transaction highlights our dedication to supporting our clients and partners in delivering society’s clean energy needs. It underscores the strength of our collaboration with UKEF and the other European Export Credit Agencies, whose contribution have been key to the development of the offshore wind sector in the APAC region.
This announcement helps to deliver UKEF’s goal to provide at least £10 billion of financing for sustainable and renewable projects by 2030, enabling the UK to build export opportunities in clean growth sectors while supporting global decarbonisation efforts.
Media enquiries:
Source: Hong Kong Information Services
Financial Secretary Paul Chan today concluded his visit to Seoul by touring leading Korean innovation and technology (I&T) enterprise NAVER and Seoul’s Digital Media City.
NAVER engages in diverse fields such as electronic payments, e-commerce, fintech, information technology, cloud services, AI and robotics.
Mr Chan was briefed by the company’s management and research and development (R&D) heads on its development journey, technological innovations, application scenarios and future business directions.
He also had in-depth exchanges with them, and watched a demonstration of NAVER’s AI and robotics applications.
The Financial Secretary noted that Hong Kong is also making great strides in developing its AI sector and is actively enhancing the related infrastructure. Institutions such as the Hong Kong Science & Technology Parks and Cyberport are working to build a more vibrant I&T ecosystem.
He highlighted that under the “one country, two systems” principle, Hong Kong, being an international financial centre, offers a comprehensive range of fundraising options and a robust legal system that safeguards data and intellectual property rights.
Mr Chan welcomed NAVER to collaborate with Hong Kong partners in R&D and business development, and to leverage Hong Kong as a fundraising platform to support its international expansion.
The finance chief also visited Seoul’s Digital Media City where he met the management team to learn more about the project’s development history and future plans, and toured an exhibition showcasing how extended reality technology is being used to support urban development.
A project led by the Seoul Metropolitan Government, Digital Media City is home to numerous companies in digital media, film and entertainment, gaming and animation, information technology and more.
In addition, Mr Chan paid a courtesy call on Chinese Ambassador to the Republic of Korea Dai Bing, to brief him on Hong Kong’s latest social and economic developments as well as the recent trends in its economic and trade relations with Korea.
They also exchanged views on the global geopolitical and economic landscape, regional trade co-operation and the development of China-Korea relations.
Mr Chan will depart for Hong Kong in the evening.
Source: Hong Kong Information Services
Financial Secretary Paul Chan today concluded his visit to Seoul by touring leading Korean innovation and technology (I&T) enterprise NAVER and Seoul’s Digital Media City.
NAVER engages in diverse fields such as electronic payments, e-commerce, fintech, information technology, cloud services, AI and robotics.
Mr Chan was briefed by the company’s management and research and development (R&D) heads on its development journey, technological innovations, application scenarios and future business directions.
He also had in-depth exchanges with them, and watched a demonstration of NAVER’s AI and robotics applications.
The Financial Secretary noted that Hong Kong is also making great strides in developing its AI sector and is actively enhancing the related infrastructure. Institutions such as the Hong Kong Science & Technology Parks and Cyberport are working to build a more vibrant I&T ecosystem.
He highlighted that under the “one country, two systems” principle, Hong Kong, being an international financial centre, offers a comprehensive range of fundraising options and a robust legal system that safeguards data and intellectual property rights.
Mr Chan welcomed NAVER to collaborate with Hong Kong partners in R&D and business development, and to leverage Hong Kong as a fundraising platform to support its international expansion.
The finance chief also visited Seoul’s Digital Media City where he met the management team to learn more about the project’s development history and future plans, and toured an exhibition showcasing how extended reality technology is being used to support urban development.
A project led by the Seoul Metropolitan Government, Digital Media City is home to numerous companies in digital media, film and entertainment, gaming and animation, information technology and more.
In addition, Mr Chan paid a courtesy call on Chinese Ambassador to the Republic of Korea Dai Bing, to brief him on Hong Kong’s latest social and economic developments as well as the recent trends in its economic and trade relations with Korea.
They also exchanged views on the global geopolitical and economic landscape, regional trade co-operation and the development of China-Korea relations.
Mr Chan will depart for Hong Kong in the evening.
