One of the 12 activists on board the Gaza Freedom Flotilla aid vessel Madleen has posted an update on their progress, saying the mission would not be deterred by Israel’s threats to block them.
In a video posted to X, Thiago Ávila said the crew, which includes high-profile Swedish climate activist Greta Thunberg, was not intimidated by a message they had received from Israel on Thursday, reports Al Jazeera.
He said Israeli authorities had said that the Madleen, which is carrying food and medical supplies, would be blocked from entering Gaza — and that if they attempted to deliver them, they would come under attack.
“It’s important that we understand that [Prime Minister Benjamin] Netanyahu and any other repressive regime throughout history, they actually fear the people, we do not fear them,” he said.
“We know that this is part of a global uprising much larger than this humble mission of 12 people on a small boat. It will not be through force that they will make a way to defeat us.”
With no other vessel able to respond, the Madleen diverted to the distressed vessel, where it found 30 to 40 people trapped in a rapidly deflating dinghy.
While the crew of the Madleen were attempting a rescue of their own, they were approached at speed by a unit of the Libyan Coast Guard, specifically one belonging to the Tareq Bin Zayed brigade, which Al Jazeera has previously reported upon.
On realising that the approaching vessel belonged to the Libyan Coast Guard, four dinghy passengers jumped into the water and swam to the Madleen, where they were rescued.
The remainder were taken on board the Libyan Coast Guard’s vessel and presumably returned to Libya.
It’s the 6th day of our journey onboard the Madleen to #breakthesiege of Gaza and create a people’s humanitarian sea corridor! The Freedom Flotilla Coalition will never stop due to the Zionists threats. We know we have billions of people along with the 12 of us on this boat! pic.twitter.com/FfIDDtVbX7
Officials organising a NATO summit in The Hague this month are expected to keep it short, restrict discussion of Ukraine, and choreograph meetings so that Volodymyr Zelenskiy can somehow be in town without provoking Donald Trump.
Though the Ukrainian president is widely expected to attend the summit in some form, NATO has yet to confirm whether he is actually invited. Diplomats say he may attend a pre-summit dinner but be kept away from the main summit meeting.
Whether the brief summit statement will even identify Russia as a threat or express support for Ukraine is still up in the air.
The careful steps are all being taken to avoid angering Washington, much less provoking any repeat of February’s White House blow-up between Trump and Zelenskiy that almost torpedoed the international coalition supporting Kyiv.
NATO’s European members, who see Russia as an existential threat and NATO as the principal means of countering it, want to signal their continued strong support for Ukraine. But they are also desperate to avoid upsetting a volatile Trump, who stunned them at a summit seven years ago by threatening to quit the alliance altogether.
If Zelenskiy does not attend in some form, it would be “at least a PR disaster”, acknowledged a senior NATO diplomat.
Since Russia’s invasion three years ago, Zelenskiy has regularly attended NATO summits as the guest of honour, where alliance members pledged billions in weapons and condemned Russia for an illegal war of conquest. Leaders repeatedly promised that Ukraine would one day join NATO.
But since Washington’s shift under Trump towards partly accepting Russia’s justifications for the war and disparaging Zelenskiy, the 32-member alliance no longer speaks with a single voice about Europe’s deadliest conflict since World War Two. Trump has taken Ukraine’s NATO membership off the table, unilaterally granting Moscow one of its main demands.
After dressing down Zelenskiy in the Oval Office in February, Trump cut vital U.S. military and intelligence support for Ukraine for days.
Since then, the two men publicly mended fences in a meeting in St Peter’s Basilica for the funeral of Pope Francis. But mostly they have spoken remotely, with Zelenskiy twice phoning the White House on speakerphone while surrounded by four friendly Europeans — Britain’s Keir Starmer, France’s Emmanuel Macron, Germany’s Friedrich Merz and Poland’s Donald Tusk.
SPENDING BOOST
Trump is expected to come away from The Hague with a big diplomatic victory as NATO members heed his longstanding complaints that they do not spend enough on defence and agree a much higher target.
They are expected to boost their goal for traditional military spending to 3.5% of economic output from 2%. A further pledge to spend 1.5% on related expenses such as infrastructure and cyber defence would raise the total to 5% demanded by Trump.
But the summit itself and its accompanying written statement are expected to be unusually short, minimising the chances of flare-ups or disagreements. A pledge to develop recommendations for a new Russia strategy has been kicked into the long grass.
Meanwhile, Zelenskiy may have to be content with an invitation to a pre-summit dinner, hosted by Dutch King Willem-Alexander, diplomats say.
Unlike at NATO’s previous two annual summits, the leaders do not plan to hold a formal meeting of the NATO-Ukraine Council, the official venue for talks between the alliance and Kyiv. The senior NATO diplomat said a working dinner with either foreign ministers or defence ministers could instead serve as an NUC.
‘PROPERLY REPRESENTED’
On Wednesday, NATO boss Mark Rutte said he had invited Ukraine to the summit, but sidestepped a question on whether the invitation included Zelenskiy himself.
After meeting Rutte on Monday, Zelenskiy said on X that it was “important that Ukraine is properly represented” at the summit. “That would send the right signal to Russia,” he said.
U.S. and Ukrainian officials did not reply to questions about the nature of any invitation to Ukraine.
Some European countries are still willing to say in public that they hope to see Zelenskiy invited as the head of the Ukrainian delegation.
Estonian Defence Minister Hanno Pevkur said he would like to see a “delegation led by President Zelenskiy”. Asked about an invitation for Zelenskiy, German Defence Minister Boris Pistorius said “I, for my part, strongly welcome the invitation” without giving further details.
But diplomats have tried to play down the importance of the formal status of Zelenskiy’s role: “Many allies want to have Zelenskiy at the summit, but there is flexibility on the precise format that would allow his presence,” said a second senior NATO diplomat.
A senior European diplomat said: “We should not get stuck on ‘NUC or no NUC’. If he comes to the leaders’ dinner, that would be the minimum.”
Northeast India is rapidly emerging as a powerhouse of economic growth and connectivity, driven by transformative infrastructure projects and strategic investments, according to a recent Press Information Bureau release. Under the leadership of the Ministry of Development of North Eastern Region (MDoNER) and guided by Prime Minister Narendra Modi’s “Act East” policy and “Transformation by Transportation” vision, the region is shedding its historical isolation to become a beacon of inclusive development.
Significant budgetary allocations have fueled infrastructure advancements, addressing long-standing gaps in connectivity. The North East Special Infrastructure Development Scheme (NESIDS), restructured in 2022-23 and extended until 2026, has supported projects in roads, power, water supply, and other critical sectors. The Prime Minister’s Development Initiative for North East Region (PM-DevINE), launched in 2022 with a Rs 6,600 crore outlay, is driving sustainable development aligned with PM GatiShakti, focusing on infrastructure, social development, and livelihood opportunities for youth and women.
Iconic projects like the Bogibeel Bridge, inaugurated in 2018, and the development of 10 greenfield airports over the past 11 years have revolutionized connectivity, boosting tourism in the region. The introduction of Roll-on Roll-off (Ro-Ro) waterway services on the Brahmaputra River, connecting Dhubri, Hathsingimari, and Guwahati, has enhanced logistics efficiency. A Rs 4,136 crore scheme approved in August 2024 for hydroelectric projects will support 15,000 MW of capacity by 2031-32, funded through the Ministry of Power’s Gross Budgetary Support.
Economic development has been a key focus, with 974 industrial units registered under NESIDS and Rs 1,010.99 crore disbursed for developmental packages by March 31, 2025, including Rs 400 crore in 2024-25. The Rising North East Investors Summit, held on May 23-24, 2025, drew Rs 4.3 lakh crore in investment interest from over 80 countries, positioning the region as India’s next economic hub. The summit highlighted a decade-long investment of Rs 21,000 crore in the Northeast’s education sector. Additionally, 126 Externally Aided Projects worth Rs 1,35,487.85 crore have been supported since 2017, further catalyzing growth.
The agricultural sector is thriving, with the region poised to lead India’s edible oil production and organic farming. The North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC) has expanded its product range from 38 to 78, introducing innovative items like Organic Tea Box and Sumac Berry Powder. The Van Dhan Vikas Yojana has empowered 3.3 lakh tribal gatherers through 19,155 self-help groups, while 434 Farmer Producer Companies have benefited 2.19 lakh farmers across 1.73 lakh hectares. The agarwood sector has seen a six-fold increase in export quotas, with simplified processes enhancing value chain development in Assam and Tripura.
Source: United States House of Representatives – Representative Jesús Chuy García (IL-04)
These closures will impact children, families, and providers.
CHICAGO — Representatives Jesús “Chuy” García (IL-04), Danny Davis (IL-07), and Rashida Tlaib (MI-12) led 22 Members of Congress in sending a letter to Health and Human Services Secretary (HHS) Robert F. Kennedy Jr. demanding answers about the abrupt decision to close all Head Start offices in Region 5. The move was announced without prior notice or implementation guidance, prompting widespread confusion among families, providers, and staff.
Region 5 spans Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin—states with over 2,600 Head Start centers serving nearly 125,000 children, including thousands from military families. In Illinois alone, 33,908 children are supported by these critical early childhood education programs.
“In Chicago and throughout the Midwest, Head Start programs provide culturally responsive, high-quality early childhood education and help working-class families bridge gaps in care and opportunity,” said the Members of Congress in the letter, which has been endorsed byIllinois Head Start Association.
The members also cite the ongoing strain caused by a previous federal funding disruption in January 2025, which forced temporary closures and furloughs. They express concern that this latest decision may further erode trust and stability in early childhood education systems across the region.
The abrupt elimination of these offices “without a transparent transition plan threatens program integrity, delays essential funding, and risks destabilizing the early learning workforce,” the letter continues. “We have already heard from grantees who are unsure how to access their funds and services. Without clear answers, some are now considering staff layoffs or program closures – consequences our communities cannot afford.”
The letter demands urgent clarification from HHS, including:
Which regional offices will now manage Region 5 grantees;
How and when grantees and congressional staff will be notified;
What support will be available to grantees facing increased burdens;
Whether HHS conducted an equity impact assessment or community consultation, and;
How displaced federal staff will be reassigned or supported.
“We urge you to halt any further action on the Region 5 closure until meaningful consultation with stakeholders has occurred and a concrete transition plan has been publicly shared,” concludes the letter.
Congressional co-signers: Nikki Budzinski (IL-13), Jonathan Jackson (IL-01), Jan Schakowsky (IL-09), Andre Carson (IN-07), Frank Mrvan (IN-01), Kristen McDonald Riven (MI-08), Betty McCollum (MN-04), Ilhan Omar (MN-05), Joyce Beatty (OH-03), Gwen Moore (WI-04), Bill Foster (IL-11), Robin Kelly (IL-02), Raja Krishnamoorthi (IL-08), Mike Quigley (IL-05), Delia Ramirez (IL-03), Brad Schneider (IL-10), Eric Sorensen (IL-17), Hillary Scholten (MI-03), Angie Craig (MN-02), Shontel Brown (OH-11), Emilia Sykes (OH-13), and Mark Pocan (WI-02).
Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)
GREAT FALLS – A Poplar woman who provided false statements to federal law enforcement was sentenced today to 9 months in prison to be followed by 2 years of supervised release, U.S. Attorney Kurt Alme said.
Annie Lee Kirn, 27, pleaded guilty in January 2025 to one count of making a false statement.
Chief U.S. District Judge Brian M. Morris presided.
The government alleged in court documents that on the evening of November 21, 2023, Kirn returned with her elderly friend to his residence on the Fort Peck Indian Reservation. Shortly thereafter, two men broke into the home. Armed with an assault rifle, the men assaulted the homeowner and another man and demanded money and access to a wall safe.
During an interview with federal law enforcement officers, Kirn said she saw the would-be robbers outside before the robbery and one of them kept trying to grab her, she then saw the gun and freaked out. She also told law enforcement the armed man told her to run, that she ran, and then he fired three or four times.
Law enforcement recovered and reviewed surveillance video from the home that showed a car with five people following Kirn’s truck into the yard. Two men, one of whom was armed with a rifle, approached the house while Kirn was getting out of the truck. After the homeowner went into the house, Kirn returned to the yard and visited with the two men. During that time, they discussed her relationship with the homeowner, Kirn offered to share a joint with the man armed with the rifle, they whispered about cash, and talked about the location of a safe. At one point, Kirn asked about the rifle, the armed man handed it to her, and she held it at the ready position before handing it back to the man. While they were outside, the man fired seven rounds from the rifle, primarily into the air.
In an interview in September 2024, law enforcement followed up with Kirn about the night of the robbery. When asked directly if she ever handled the firearm, Kirn said “hell no.” When asked if she had any conversations with the robbers, she said, “No…I didn’t talk with them at all.”
Assistant U.S. Attorney Kalah Paisley prosecuted the case. The investigation was conducted by the FBI, ATF, and Fort Peck Tribes Department of Law and Justice.
This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.
Charlemagne, the medieval King of the Franks, has taken control of modern-day America and is looking to expand his borders by invading your neighboring country.
It is a possible outcome in the recently released video game Civilization VII, or Civ 7, in which different historical figures can govern people far removed – both in time and geography – from their actual historical role. In this case, Charlemagne has become displeased with the little empire you control due to friction along a shared border and is likely to invade soon.
I have been an avid player of games like Civ 7 my entire life. I tend to play strategic games, be they video, card, board or role-playing games. And I’m not alone. An estimated 190.6 million people in the U.S. regularly play video games in some form.
While my primary reason for playing may be enjoyment, they also inform the discipline I teach. In fact, I just published a book, “The Gamer’s Guide to International Relations,” that explains how some of the most popular games around include lessons for people seeking to understand how diplomacy works and how different nations interact.
A visitor walks past the booth of Civilization VII at the Gamescom video games trade fair in Cologne, Germany, on Aug. 21, 2024. Ina Fassbender/AFP via Getty Images
While Civ 7 may seek to emulate this world of conflict and cooperation, other games with no apparent connection to geopolitics can also provide lessons. In particular, Fortnite, League of Legends and Minecraft invite gamers to interact with the world in a way that models how leaders, governments and countries behave.
Here are three ways in which games create worlds that model key concepts from international relations:
The core part of Fortnite is its battle-royale, third-person shooting game. In a battle royale, you are fighting against 99 other players to be the last person standing.
The “everyone for themselves” ethos can be chaotic and challenging, with death and defeat lurking in every shrub.
It brings to mind the thinking behind the international relations theory of realism. Realists see the world as anarchic, with no overarching moral or physical authority telling states what to do – in other words, one with no world government.
It is a self-help system where states survive, thrive or die based on accruing power, finding security and using force to resolve disputes.
The theory of realism hearkens back to the ancient Greek historian Thucydides, who famously noted that the “strong do what they can and the weak suffer what they must.”
That phrase has become a central tenet of foreign policy realists. Henry Kissinger, secretary of state under U.S. President Richard Nixon, saw foreign policy as a strategic enterprise based on power, while largely ignoring other imperatives such as human rights and justice.
Even in international anarchy, however, cooperation can be attractive to a realist. Kissinger, for example, sought positive relations with China and foresaw that by working with China the U.S. could exploit a growing division between the Soviet Union and China.
From Kissinger’s perspective, it mattered less that China was communist and more that it was powerful and distrustful of the Soviet Union.
How does this apply to Fortnite? Well, in the game, you may come across two players fighting. When this happens, a player must quickly decide to either retreat or join the fray. If you enter the fight, you could either team up with the weaker player and eliminate a stronger foe or join the strong and remove the weak.
In Fortnite, and occasionally in international politics, whomever you choose as your temporary ally will become your rival immediately after – so you have to choose wisely. The enemy of your enemy is not going to stay your friend forever.
LoL and enduring allies
League of Legends, known as LoL or League to fans, is a game that offers a deceptively simple idea: A team of five players battles another to destroy their base.
Mastering the game is far from simple. Along the way, you can pick up valuable international relation lessons on the importance of forging lasting alliances.
Players remain anonymous and can be pretty toxic toward each other – tending to blame a team’s failings on anyone but themselves.
If you join as a solo player, you will join four other people you do not know and spend the next 30 minutes either winning or losing a game.
You’ll build a rapport with some teammates and want to keep playing with them. Other times, you find someone who complements your skills, and you can join a ranked competition as a pair and work together toward victory.
In this, LoL is more akin to the international relations theory of liberalism. Liberalism, which should not be confused with the political identity in U.S. politics, holds realism’s view of the world to be limited. Instead, it teaches that cooperation can endure beyond pure power politics.
Instead of a temporary alliance that falls apart immediately after you achieve your goal, liberalism suggests that alliances can mutually benefit two countries in the long run.
Take for example the United States and the United Kingdom. The two countries allied during the crises of two worlds wars. By the end of World War II, they had established a long-term partnership, resulting in the establishment of international institutions that have endured for 80 years.
Liberalism argues that countries can find solutions where both sides benefit without one side being disadvantaged. This contrasts with realism’s views of the world as zero-sum – where one side benefits at the other’s expense.
Under both liberalism and League of Legends, interactions can create positive-sum outcomes for both parties.
Constructivism argues that the world is socially constructed. That is, the rules of international politics are something that humans and countries have created, chosen to abide by and are willing to enforce.
And this works well with Minecraft. People of all ages can enjoy it – but it is up to players to choose how to play. You can build houses or castles, or you can choose to find and defeat the Ender Dragon. Or you can turn on creative mode and decide to make art or large engineering projects.
The point is that it’s up to you and your friends to determine joint goals or collectively decide to pursue your own interests – and that concept is at the heart of constructivism. States can decide to create a more liberal world by jointly signing treaties or joining international organizations that alter what nations can and cannot do. Alternatively, states may see such ventures as facades and decide that the most important things are power and security. Both realist and liberal states can exist in the same world.
Like players in Minecraft, states may view the world as one where everyone is a threat, in line with realism. Or they may view the world as one where institutions and cooperation provide a better experience for everyone.
In Minecraft as in international politics, the goals, rules and punishments for those who deviate are determined collectively.
Digging deeper
Games such as Minecraft, League of Legends and Fortnite may seem to many as a pastime rather than a learning experience. But they can help people connect with concepts that attempt to explain a vast and confusing world. Being able to grasp the arcane and complicated world of international relations can make the world slightly more manageable.
Michael A. Allen 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.
More than 40 of Plymouth’s best and most dedicated care workers and teams were honoured at an awards ceremony last weekend.
Winners at the Celebrating Excellence in Care Awards
The Celebrating Excellence in Care Awards is run by Plymouth City Council’s Commissioning Team and aims to shine a light on the incredible work taking place every day within the adult social care sector.
A range of award categories recognise people working in all areas of the sector, including those based in care homes, supported living provision, day centres and domiciliary care (supporting people to remain living in their own homes).
Councillor Mary Aspinall, Cabinet Member for Health and Adult Social Care, said: “I’d like to congratulate every single one of our winners and say a big well done to everyone who was nominated. The work you do is so important and often underappreciated.
“These awards are a fantastic opportunity for us to shine a light on all the hard work that takes place every single day across the city to make sure adults with care needs are supported, looked after and helped to live fulfilling, healthy lives.”
Nominations for the awards opened earlier this year and more than 400 were received from employers, colleagues, adult social care clients and their families. The nominations were then reviewed by an independent panel of judges who chose the winners.
The full list of award winners is:
Deputy of the Year (Domiciliary Care): Tendai Madume, Indiana Healthcare Services
Highly Commended: Kimberly Tucker, Your Choice Care and support
Manager of the Year (Domiciliary Care): Rebecca Pannell, @PlymouthCare
Highly Commended: Emma Bonney, Prestige Healthcare
Nurse of the Year (Domiciliary Care): Vanessa Schaben, Prestige Nursing and Care
Team of the Year (Domiciliary Care): Tamar Care
Highly Commended: @PlymouthCare
Care Worker of the Year (Domiciliary Care): Rafie Sodiq, Indiana Healthcare Services
Highly Commended: Arron Marley, @PlymouthCare
Care Worker of the Year (Day Services): Fiona James, Tamar Homecare
Highly Commended: Holly Ewings, Alpha Care
Care Worker of the Year (Supported Living): Katie Bartlett, Achieve Together
Care Worker of the Year (Care Home): Deepak Barnes, Greenacres Care Centre
Highly Commended: Aleisha Smith, Chatsworth Home
Deputy of the Year (Care Home): Sarah McCaffrey, Butterfly Lodge Dementia Home
Highly Commended: Hayley Cook, Astor Hall Care Home
Manager of the Year (Care Home): Jamie Graham, Abbeyfield Tamar House
Highly Commended: Marie Claire, Seymour Court Nursing Home
Nurse of the Year (Care Home): Ursula Sheriff, Darbyshire Care – Hamilton House
Highly Commended: Jennifer Curtis, Meadowside and St Francis Care Centre
Team of the Year (Care Home): Greenacres Care Home, Mannamead Care
Highly Commended: Alpha Care SW
Care Home Activity Coordinator: James Gooding, Devonshire House and Lodge
Highly Commended: Catherine Britton, Merafield View Nursing Home
Culinary Care Team: Phil Jane, Brunel House
Highly Commended: Lottie Fisher, Merafield View Nursing Home
Ancillary Worker of the Year: Kim Crook, Merafield View Nursing Home
Highly Commended: Kristen Bradbury, Butterfly Lodge
Commitment to Workforce Development: Gemma Parnell and Katie Spring, Alpha Care SW
Highly Commended: Merafield View Nursing Home
Contribution to Care: Kelly Hawkins, Prestige Nursing and Care
Highly Commended: Lisa Willis, Merafield View Nursing Home
Excellence in Dementia Care: Butterfly Lodge Dementia Home
Excellence in Learning Disability Care: Allison Nicholls, Jan Ltd
Highly Commended: Mark Peard, IOTA Care
Excellence in End-of-life Care: Seymour Court Nursing Home
Promoting Independence Champion: Maggie Overill, Astor Hall
Rising Star: Theresa Benjamin, Achieve Together
Highly Commended: Lexie Witcher, Tamar House Abbeyfield
Service User Involvement: Prestige Nursing & Care
Service User Story: Ian Bullen, Prestige Nursing & Care
Volunteer of the Year: Nicola Daniels, Jan Ltd
People’s Choice Award –Care Home: Teresa Warren at Butterfly Lodge and Sally Hutchings, District Nurse team for care homes
People’s Choice Award – Day Services: Plymouth Highbury Trust
People’s Choice Award – Domiciliary Care: District Healthcare
People’s Choice Award – Supported Living: John Knight, Highbury Trust.
The awards support the work of Caring Plymouth, a city-wide health and social care partnership, which works to address recruitment and retention challenges in adult social care. The partnership not only wants to encourage more people to work in the sector, but support and celebrate those already doing so.
Source: Hong Kong Government special administrative region
Following is the speech by the Financial Secretary, Mr Paul Chan, at the French Chamber of Commerce and Industry in Hong Kong Gala Dinner this evening (June 6):
Consul General (Consul General of France in Hong Kong and Macau, Mrs Christile Drulhe), Alain (President of the French Chamber of Commerce and Industry in Hong Kong, Mr Alain Li), friends from the French business community, distinguished guests, ladies and gentlemen,
KUALA LUMPUR, Malaysia, June 06, 2025 (GLOBE NEWSWIRE) — Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), the next-generation provider of customizable AI and automation platforms, today announced the signing of two major commercial contracts totaling US$5 million less than one week after the official launch of its AI-powered robotics platform.
These early wins underscore an accelerated go-to-market approach and build momentum toward a commercial pipeline exceeding US$50 million over the next 12 months. This positions Sagtec as a rising leader in AI automation across the Asia-Pacific region.
Key Highlights:
US$2 Million Robotics Deployment
Sagtec will deploy over 100 autonomous robotic units to a leading multi-brand restaurant group in Malaysia. This marks the initial phase of a nationwide rollout, expected to generate more than US$20 million in cumulative revenue over the next year under a Robotics-as-a-Service (RaaS) model.
US$3 Million CRM Platform Contract
The Company also secured a significant Customer Relationship Management (CRM) project with a prominent F&B operator. The solution features modules for loyalty management, points and credits tracking, inventory control, and workforce administration. This contract is projected to add over US$30 million in Software-as-a-Service (SaaS) revenue pipeline through regional expansion.
Both contracts are powered by Sagtec’s modular, full-stack AI platform, which integrates voice-activated robotics, POS systems, and real-time analytics. These milestone deployments validate Sagtec’s dual-engine monetization strategy across RaaS and SaaS, generating scalable, high-margin recurring revenue.
Strategic Outlook:
With demand for automation accelerating in high-volume service sectors, Sagtec is actively expanding commercial engagements across Southeast Asia, Hong Kong, and the Gulf Cooperation Council (GCC) markets. The global service robotics market is projected to surpass US$90 billion, and Sagtec is strategically positioned to lead as a platform-native AI solution provider at scale.
Momentum Metrics – Past 7 Days
• 2 contracts signed worth US$5M • 100+ robotic units deployed • Targeting US$50M revenue pipeline • Enterprise client base expansion across 3 regions • New verticals in hospitality, retail, and foodtech unlocked
“This is more than early traction. It marks the beginning of an exponential monetization curve. Our combined RaaS and SaaS model is engineered for rapid scaling with enterprise adoption. By embedding AI directly into day-to-day operations, we are unlocking repeatable revenue at the infrastructure level, from robotics to real-time CRM analytics,” said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec.
About Sagtec Global Limited
Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.
Several years ago, an employee at Universal Music came across a cassette tape in a Tokyo warehouse while sorting through archival materials. On it was a recording by the late Taiwanese pop star Teresa Teng that had never been released; the pop ballad, likely recorded in the mid-1980s while Teng was living and performing in Japan, was a collaboration between composer Takashi Miki and lyricist Toyohisa Araki.
Teng died 30 years ago. Most Americans know little about her life and her body of work. Yet the ballads of Teng, who could sing in Mandarin, Cantonese, Japanese and Indonesian, continue to echo through karaoke rooms, on Spotify playlists, at tribute concerts and at family gatherings across Asia and beyond.
I study how pop music has served as a tool of soft power, and I’ve spent the past several years researching Teng’s music and its legacy. I’ve found that Teng’s influence endures not just because of her voice, but also because her music transcends Asia’s political fault lines.
From local star to Asian icon
Born in 1953 in Yunlin, Taiwan, Teresa Teng grew up in one of the many villages that were built to house soldiers and their families who had fled mainland China in 1949 after the communists claimed victory in the Chinese civil war. Her early exposure to traditional Chinese music and opera laid the foundation for her singing career. By age 6, she was taking voice lessons. She soon began winning local singing competitions.
“It wasn’t adults who wanted me to sing,” Teng wrote in her memoir. “I wanted to sing. As long as I could sing, I was happy.”
At 14, Teng dropped out of high school to focus entirely on music, signing with the local label Yeu Jow Records. Soon thereafter, she released her first album, “Fengyang Flower Drum.” In the 1970s, she toured and recorded across Taiwan, Hong Kong, Japan and Southeast Asia, becoming one of Asia’s first truly transnational pop stars.
Teng’s career flourished in the late 1970s and 1980s. She released some of her most iconic tracks, such as her covers of Chinese singer Zhou Xuan’s 1937 hit “When Will You Return?” and Taiwanese singer Chen Fen-lan’s “The Moon Represents My Heart,” and toured widely across Asia, sparking what came to be known as “Teresa Teng Fever.”
In the early 1990s, Teng was forced to stop performing for health reasons. She died suddenly of an asthma attack on May 8, 1995, while on vacation in Chiang Mai, Thailand, at the age of 42.
China catches Teng Fever
Perhaps the most remarkable aspect of Teng’s story is that Teng Fever peaked in China.
During the late 1970s and 1980s, however, China began to relax its political control under Deng Xiaoping’s Reform and Opening Up policy. This sweeping initiative shifted China toward a market-oriented economy, encouraged foreign trade and investment, and cautiously reintroduced global cultural influences after decades of isolation.
Pop music from other parts of the world began trickling in, including Teng’s tender ballads. Her songs could be heard in coastal provinces such as Guangdong and Shanghai, inland cities such as Beijing and Tianjin, and even remote regions such as Tibet. Shanghai’s propaganda department wrote an internal memo in 1980 noting that her music had spread to the city’s public parks, restaurants, nursing homes and wedding halls.
Teng’s immense popularity in China was no accident; it reflected a time in the country’s history when its people were particularly eager for emotionally resonant art after decades of cultural propaganda and censorship.
For a society that had been awash in rote, revolutionary songs like “The East is Red” and “Union is Strength,” Teng’s music offered something entirely different. It was personal, tender and deeply human. Her gentle, approachable style – often described as “angelic” or like that of “a girl next door” – provided solace and a sense of intimacy that had long been absent from public life.
Teng performs ‘Fly Me to the Moon’ in Taipei in 1984.
Teng’s music was also admired for her ability to bridge eras. Her 1983 album “Light Exquisite Feeling” fused classical Chinese poetry with contemporary Western pop melodies, showcasing her gift for blending the traditional and the modern. It cemented her reputation not just as a pop star but as a cultural innovator.
It’s no secret why audiences across China and Asia were so deeply drawn to her and her music. She was fluent in multiple languages; she was elegant but humble, polite and relatable; she was involved in various charities; and she spoke out in support of democratic values.
A sound of home in distant lands
Throughout the 1990s and early 2000s, the Chinese immigrant population in the United States grew to over 1.1 million. Teng’s music has also deeply embedded itself within Chinese diasporic communities across the country. In cities such as Los Angeles, San Francisco and New York, Chinese immigrants played her music at family gatherings, during holidays and at community events. Walk through any Chinatown during Lunar New Year and you’re bound to hear her voice wafting through the streets.
Teng visits New York City’s Chinatown during her 1980 concert tour in the U.S. Wikimedia Commons
For younger Chinese Americans and even non-Chinese audiences, Teng’s music has become a window into Chinese culture.
When I was studying in the U.S., I often met Asian American students who belted out her songs at karaoke nights or during cultural festivals. Many had grown up hearing her music through their parents’ playlists or local community celebrations.
The release of her recently discovered song is a reminder that some voices do not fade – they evolve, migrate and live on in the hearts of people scattered across the world.
Teresa Teng’s music is still celebrated in Chinatowns across the U.S.
In an age when global politics drive different cultures apart, Teng’s enduring appeal reminds us of something quieter yet more lasting: the power of voice to transmit emotion across time and space, the way a melody can build a bridge between continents and generations.
I recently rewatched the YouTube video for Teng’s iconic 1977 ballad “The Moon Represents My Heart.” As I read the comments section, one perfectly encapsulated what I had discovered about Teresa Teng in my own research: “Teng’s music opened a window to a culture I never knew I needed.”
Xianda Huang 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.
President Donald Trump’s idea of a “Golden Dome” missile defense system carries a range of potential strategic dangers for the United States.
Golden Dome is meant to protect the U.S. from ballistic, cruise and hypersonic missiles, and missiles launched from space. Trump has called for the missile defense to be fully operational before the end of his term in three years.
Trump’s goals for Golden Dome are likely beyond reach. A wide range of studies makes clear that even defenses far more limited than what Trump envisions would be far more expensive and less effective than Trump expects, especially against enemy missiles equipped with modern countermeasures. Countermeasures include multiple warheads per missile, decoy warheads and warheads that can maneuver or are difficult to track, among others.
Regardless of Golden Dome’s feasibility, there is a long history of scholarship about strategic missile defenses, and the weight of evidence points to the defenses making their host country less safe from nuclear attack.
I’m a national security and foreign policy professor at Harvard University, where I lead “Managing the Atom,” the university’s main research group on nuclear weapons and nuclear energy policies. For decades, I’ve been participating in dialogues with Russian and Chinese nuclear experts – and their fears about U.S. missile defenses have been a consistent theme throughout.
Russian President Vladmir Putin and Chinese leader Xi Jinping have already warned that Golden Dome is destabilizing. Along with U.S. offensive capabilities, Golden Dome poses a threat of “directly undermining global strategic stability, spurring an arms race and increasing conflict potential both among nuclear-weapon states and in the international arena as a whole,” a joint statement from China and Russia said. While that is a propaganda statement, it reflects real concerns broadly held in both countries.
Golden Dome explained.
History lessons
Experience going back half a century makes clear that if the administration pursues Golden Dome, it is likely to provoke even larger arms buildups, derail already-dim prospects for any negotiated nuclear arms restraint, and perhaps even increase the chances of nuclear war.
My first book, 35 years ago, made the case that it would be in the U.S. national security interest to remain within the 1972 Anti-Ballistic Missile Treaty, which strictly limited U.S. and Soviet – and later Russian – missile defenses. The United States and the Soviet Union negotiated the ABM Treaty as part of SALT I, the first agreements limiting the nuclear arms race. It was approved in the Senate 98-2.
The ABM Treaty experience is instructive for the implications of Golden Dome today.
Why did the two countries agree to limit defenses? First and foremost, because they understood that unless each side’s defenses were limited, they would not be able to stop an offensive nuclear arms race. If each side wants to maintain the ability to retaliate if the other attacks – “don’t nuke me, or I’ll nuke you” – then an obvious answer to one side building up more defenses is for the other to build up more nuclear warheads.
For example, in the 1960s and 1970s, the Soviets installed 100 interceptors to defend Moscow – so the United States targeted still more warheads on Moscow to overwhelm the defense. Had it ever come to a nuclear war, Moscow would have been even more thoroughly obliterated than if there had been no defense at all. Both sides came to realize that unlimited missile defenses would just mean more offense on both sides, leaving both less secure than before.
In addition, nations viewed an adversary’s shield as going hand in hand with a nuclear sword. A nuclear first strike might destroy a major part of a country’s nuclear forces. Missile defenses would inevitably be more effective against the reduced, disorganized retaliation that they knew would be coming than they would be against a massive, well-planned surprise attack. That potential advantage to whoever struck first could make nuclear crises even more dangerous.
Post-ABM Treaty world
Unfortunately, President George W. Bush pulled the United States out of the ABM Treaty in 2002, seeking to free U.S. development of defenses against potential missile attacks from small states such as North Korea. But even now, decades later, the U.S. has fewer missile interceptors deployed (44) than the treaty permitted (100).
The U.S. pullout did not lead to an immediate arms buildup or the end of nuclear arms control. But Putin has complained bitterly about U.S. missile defenses and the U.S. refusal to accept any limitation at all on them. He views the U.S. stance as an effort to achieve military superiority by negating Russia’s nuclear deterrent.
Russia is investing heavily in new types of strategic nuclear weapons intended to avoid U.S. missile defenses, from an intercontinental nuclear torpedo to a missile that can go around the world and attack from the south, while U.S. defenses are mainly pointed north toward Russia.
Similarly, much of China’s nuclear buildup appears to be driven by wanting a reliable nuclear deterrent in the face of the United States’ capability to strike its nuclear forces and use missile defenses to mop up the remainder. Indeed, China was so angered by South Korea’s deployment of U.S.-provided regional defenses – which they saw as aiding the U.S. ability to intercept their missiles – that they imposed stiff sanctions on South Korea.
Fuel to the fire
Now, Trump wants to go much further, with a defense “forever ending the missile threat to the American homeland,” with a success rate “very close to 100%.” I believe that this effort is highly likely to lead to still larger nuclear buildups in Russia and China. The Putin-Xi joint statement pledges to “counter” defenses “aimed at achieving military superiority.”
Given the ease of developing countermeasures that are extraordinarily difficult for defenses to overcome, odds are the resulting offense-defense competition will leave the United States worse off than before – and a good bit poorer.
Putin and Xi made clear that they are particularly concerned about the thousands of space-based interceptors Trump envisions. These interceptors are designed to hit missiles while their rockets are still burning during launch.
Most countries are likely to oppose the idea of deploying huge numbers of weapons in space – and these interceptors would be both expensive and vulnerable. China and Russia could focus on further developing anti-satellite weapons to blow a hole in the defense, increasing the risk of space war.
Already, there is a real danger that the whole effort of negotiated limits to temper nuclear arms racing may be coming to an end. The last remaining treaty limiting U.S. and Russian nuclear forces, the New START Treaty, expires in February 2026. China’s rapid nuclear buildup is making many defense officials and experts in Washington call for a U.S. buildup in response.
Intense hostility all around means that for now, neither Russia nor China is even willing to sit down to discuss nuclear restraints, in treaty form or otherwise.
A way forward
In my view, adding Golden Dome to this combustible mix would likely end any prospect of avoiding a future of unrestrained and unpredictable nuclear arms competition. But paths away from these dangers are available.
It would be quite plausible to design defenses that would provide some protection against attacks from a handful of missiles from North Korea or others that would not seriously threaten Russian or Chinese deterrent forces – and design restraints that would allow all parties to plan their offensive forces knowing what missile defenses they would be facing in the years to come.
I believe that Trump should temper his Golden Dome ambitions to achieve his other dream – of negotiating a deal to reduce nuclear dangers.
Matthew Bunn is a member of the National Academies Committee on International Security and Arms Control and a board member of the Arms Control Association. He is a member of the Academic Alliance of the United States Strategic Command and a consultant to Oak Ridge National Laboratory.
Responding to jailed Hong Kong activist Joshua Wong being newly charged with “conspiring to collude with foreign forces” under the city’s National Security Law, Amnesty International’s China Director Sarah Brooks said:
“Hong Kong’s National Security Law may be turning five years old at the end of the month, and these new charges against Joshua Wong show that its capacity to be used by the Hong Kong authorities to threaten human rights in the city is as potent and present as ever.
“Once again, the vague and sweeping offence of ‘collusion with foreign forces’ is being weaponized to justify an attack on the freedoms of expression and association.
“Wong, already jailed for his participation in informal primaries, would have been released in a year and a half. But if this case goes forward, he could face as much as a life sentence.
“This latest charge against him underscores the authorities’ fear of prominent dissidents and shows the lengths they will go to keep them behind bars for as long as possible – in so doing, continuing a chilling effect on civic activism in the city. The Hong Kong government must drop these charges and cease enforcing the National Security Law immediately, as called for by UN bodies. All people jailed simply for exercising their human rights must be set free.”
Background
Joshua Wong was on Friday charged with conspiring to collude with foreign forces under Hong Kong’s Beijing-imposed National Security Law.
The prominent activist, who was one of 45 opposition figures jailed under the National Security Law last year over their participation in unofficial “primaries”in 2020, faced the new national security offence in court on Friday.
Under the new charge, Wong is reportedly accused of conspiring with self-exiled activist Nathan Law and “other persons unknown” between July 2020 and November 2020 to request foreign countries or organizations to impose sanctions, blockades or engage in other hostile activities against Hong Kong or China. The new charge carries a potential life sentence.
Wong was previously sentenced to four years and eight months for “conspiracy to commit subversion” in Hong Kong’s largest prosecution under the National Security Law.
Hong Kong’s human rights situation has deteriorated dramatically since 2020, with more than 300 people arrested for violating the Beijing-imposed National Security Law or a colonial-era “sedition” law. In addition, the so-called Article 23 legislation introduced last year by the territorial/local authorities has further deepened repression and silenced opposition voices in the city.
Source: ASEAN – Association of SouthEast Asian Nations
While in Paris, France, Secretary-General of ASEAN, Dr. Kao Kim Hourn, today met with Mr. Remy Rioux, Chief Executive Officer (CEO) of the Agence Française De Développement, (AFD), the French development agency, on 6 June 2025. SG Dr. Kao expressed his appreciation for AFD’s role in supporting the implementation of various projects under the ASEAN-France Development Partnership. Both sides also exchanged views on ways to further advance ASEAN-France cooperation.
The post Secretary-General of ASEAN meets with CEO of the Agence Française De Développement (AFD), in Paris appeared first on ASEAN Main Portal.
The US state of Montana has become the first in the country to let patients try experimental drugs – even if they are not terminally ill.
The new law allows doctors to refer patients to licensed “experimental treatment centres”, where they can access drugs that have only passed phase 1 clinical trials – the earliest stage of testing in humans.
This goes far beyond existing federal law, which only allows terminally ill patients to access such drugs under the Right to Try Act, passed in 2017.
Montana already had a fairly permissive right to try law, which was originally designed to let terminally ill patients access treatments that hadn’t yet received full approval by the drug regulator.
In 2023, that law was expanded to include patients with any medical condition. The latest law goes even further, creating a formal system for clinics to offer these experimental treatments.
According to an article in MIT Technology Review, the new law was shaped and promoted by a group of longevity advocates – a mix of scientists and influencers who are focused on extending human life.
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Before new medicines reach the market, they usually go through several stages of testing. A phase 1 trial is the first step in human studies and is designed to find a safe dose and spot early side-effects. It typically involves a small group – between 20 and 100 people – and does not prove the drug works.
Only around 12% of drugs that enter phase 1 trials go on to gain full approval. Many fail due to safety issues or lack of effectiveness.
Montana’s new law allows access to these early-stage treatments with a doctor’s recommendation – even for patients who are not terminally ill. Clinics must be licensed as experimental treatment centres, and 2% of their profits must be used to help low-income patients access these therapies.
Supporters say it gives people more control over their own health and could help boost innovation in areas like cancer, neurodegenerative disease and age-related decline. There is also hope it could turn Montana into a destination for medical tourism, attracting biotech investment.
But critics warn that the move could put vulnerable patients at risk.
Drugs in phase 1 trials may be safe enough to test – but their long-term effects are still unknown, and they may not work. There are also concerns over whether insurers will cover complications, since the drugs are not approved. Legal protections for both patients and doctors remain unclear.
And in South America, some countries allow patients to keep receiving experimental drugs after trials end – but not to start them outside of a trial.
Montana’s decision marks a bold new approach in the continuing debate over patient rights. It raises big questions about safety, ethics, regulation and the role of government in balancing innovation with public health. It could end up being a model for other states – or a cautionary tale.
Dipa Kamdar does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Adinath Co-operative Bank Ltd., Surat, Gujarat with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. The Scheme will come into force with effect from June 09, 2025 (Monday). All the branches of The Adinath Co-operative Bank Ltd., Surat, Gujarat will function as branches of Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat with effect from June 09, 2025.
Source: People’s Republic of China – State Council News
BEIJING, June 6 (Xinhua) — The 9th China-South Asia Expo will be held from June 19 to 24 in Kunming, capital of southwest China’s Yunnan Province, an official with China’s Ministry of Commerce announced Friday.
Jointly organized by the aforementioned department and the people’s government of Yunnan Province, the exhibition will be one of the most important events this year in the field of economic and trade exchanges between China and South Asian countries, Chinese Vice Minister of Commerce Yan Dong said at a press conference.
According to him, in 2024, trade turnover between China and South Asian countries will approach US$200 billion, doubling over the past decade.
He noted that investment cooperation had also yielded fruitful results, noting that flagship projects had become the main drivers of regional growth.
China will work closely with South Asian countries to align development strategies, expand cooperation in new areas such as the digital economy, low-carbon development and smart manufacturing, and support the region’s industrialization.
Li Chaowei, director of the Yunnan Provincial Bureau of Commerce, said this year’s expo will be more international, professional and market-oriented, adding that more than 1,400 enterprises from 54 countries and regions have confirmed their participation.
The expo will feature 11 themed pavilions covering key industries such as advanced manufacturing, clean energy and modern agriculture. About 1,000 professional buyers are expected to attend the event, Li Chaowei added. -0-
The decision paves the way for broader digital asset adoption in the UK
London, 6 June 2025 – 21Shares, one of the world’s leading issuers of cryptocurrency exchange-traded products (ETPs) and the first to list crypto ETNs on the London Stock Exchange (LSE), welcomes the Financial Conduct Authority’s (FCA) announcement today proposing to lift the ban on offering crypto exchange-traded notes (cETNs) to UK retail investors.
The proposal aims to support innovation and competitiveness in the UK’s digital asset sector while ensuring robust investor protection. Crypto ETNs are already widely accessible to retail investors in other major jurisdictions across Europe, and this change would bring the UK into alignment with global best practice.
“This is a landmark moment for the UK digital asset market,” said Russell Barlow, CEO of 21Shares. “We fully support the FCA’s move to provide regulated access to crypto ETNs for retail investors. Retail investors in the UK deserve cost effective, efficient and regulated access to the digital asset economy. This consultation represents real progress towards that goal and affirms the FCA’s commitment to balancing innovation with investor protection as well as the UK’s position as a leading global financial centre.”
In 2024, 21Shares listed the first physically-backed crypto ETNs on the London Stock Exchange, providing professional investors in the UK with regulated access to digital assets. Today’s announcement, which marks a reversal of the FCA’s initial 2021 ban on retail access to crypto derivatives and ETNs, paves the way for retail investors to participate via the same trusted, transparent instruments.
21Shares looks forward to engaging constructively with the FCA and market stakeholders throughout the consultation process. The firm stands ready to support the expansion of regulated crypto access to retail investors with its comprehensive suite of physically backed ETPs, which includes exposure to Bitcoin and Ethereum.
Notes to editors
About 21Shares
21Shares is one of the world’s leading cryptocurrency exchange traded product providers and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.
21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com
This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities of 21Shares AG in any jurisdiction. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever or for any other purpose in any jurisdiction. Nothing in this document should be considered investment advice.
This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful.
This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan. The securities of 21Shares AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Neither the US Securities and Exchange Commission nor any securities regulatory authority of any state or other jurisdiction of the United States has approved or disapproved of an investment in the securities or passed on the accuracy or adequacy of the contents of this presentation. Any representation to the contrary is a criminal offence in the United States.
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The approval of the Issuer’s Base Prospectus (EU) should not be understood as an endorsement by the SFSA of the securities offered or admitted to trading on a regulated market. Eligible potential investors should read the Issuer’s Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to purchase a product that is not simple and may be difficult to understand.
This document constitutes advertisement within the meaning of the Prospectus Regulation (EU) 2017/1129 and the Swiss Financial Services Act (the “FinSA”) and not a prospectus. The 2024 Base Prospectus of 21Shares AG has been deposited pursuant to article 54(2) FinSA with BX Swiss AG in its function as Swiss prospectus review body within the meaning of article 52 FinSA. The 2024 Base Prospectus and the key information document for any products may be obtained at 21Shares AG’s website (https://21shares.com/ir/prospectusorhttps://21shares.com/ir/kids).
The UNESCO Regional Office for South Asia, in partnership with the IndiaAI Mission under the Ministry of Electronics and Information Technology (MeitY) and Ikigai Law, hosted the fifth and final stakeholder consultation on the AI Readiness Assessment Methodology (RAM) at the Shangri-La Eros Hotel in New Delhi on June 3. Over 200 experts from government, academia, industry, and civil society convened to strategize the responsible adoption of artificial intelligence (AI) in India.
This consultation marked the culmination of a series of five sessions held across New Delhi, Bangalore, Hyderabad, and Guwahati, organized under the joint AI RAM initiative by UNESCO and MeitY’s IndiaAI Mission. The initiative is focused on crafting an India-specific AI policy report that identifies strengths, pinpoints growth opportunities, and offers actionable recommendations for ethical AI adoption across various sectors. The RAM serves as a diagnostic tool to bolster governmental capacity for AI regulation and institutional governance.
The event commenced with remarks from Tim Curtis, Director of UNESCO’s Regional Office for South Asia, who advocated for an ‘ethics-by-design’ approach to AI development. He emphasized that true inclusivity in AI demands embedding ethical principles from the start and reaffirmed UNESCO’s commitment to supporting India’s vision for a transparent and trustworthy AI ecosystem. Abhishek Singh, Additional Secretary at MeitY, CEO of the IndiaAI Mission, and Director General of the National Informatics Centre, delivered a keynote address, highlighting India’s pro-innovation stance on developing safe and reliable AI applications. Singh outlined key initiatives, including the AI Kosh platform for datasets, the development of foundation models, and support for Responsible AI projects under the mission’s Safe and Trusted AI pillar.
A panel discussion on “Safety and Ethics in India’s AI Ecosystem” featured notable experts, including Debjani Ghosh, Distinguished Fellow at NITI Aayog; Kavita Bhatia, COO of the IndiaAI Mission; Eunsong Kim, Programme Specialist at UNESCO; Dr. B. Ravindran, Head of Data Science and AI at IIT-Madras; and Mayank Vatsa, Professor of Computer Science at IIT-Jodhpur. The panel delved into emerging policy frameworks, regulatory mechanisms, and governance strategies to promote ethical AI adoption. Ghosh underscored the challenge of balancing AI’s vast potential with its inherent risks, while Bhatia highlighted the collaborative approach of the IndiaAI Mission in fostering both innovation and responsibility.
The consultation included breakout sessions that explored governance, infrastructure, workforce readiness, and sectoral AI adoption, with a dedicated focus on youth participation in AI development and governance. These discussions provided critical insights for shaping India’s AI policy roadmap. The RAM framework, customized to India’s context, evaluates the AI ecosystem across legal, regulatory, social, cultural, economic, scientific, educational, and technological dimensions using both quantitative and qualitative metrics. Implemented by independent consultants and supported by a diverse national team, the RAM ensures a tailored approach to AI governance.
Secretary for Transport & Logistics Mable Chan today led a Hong Kong Logistics Development Council delegation to meet officials of the Chongqing Municipal People’s Government and inspect the high-speed rail freight services in Chongqing.
At the meeting with Vice Mayor of Chongqing Municipal People’s Government Zheng Xiangdong and other officials, the delegation reported Hong Kong’s latest logistics developments in Hong Kong.
They also discussed further deepening co-operation in intermodal cargo transshipment and building the Chongqing-Hong Kong logistics corridor under the Hong Kong-Chongqing Co-operation Conference Mechanism, with a view to leveraging the strengths of the two hubs to serve the country’s needs.
The delegation also inspected the operations of high-speed rail freight services to gain insights into how Chongqing leverages its railway transport system, complemented by intermodal cargo transshipment modes such as air and sea transport, to enhance the overall rail freight service capacity.
They also met representatives of local logistics and transportation enterprises to further explore collaboration opportunities between the two places.
Ms Chan said Hong Kong’s status as an international aviation hub and maritime centre, coupled with its professional strengths, means it can better serve Chongqing, a key manufacturing base of the country, by providing an efficient export channel for local goods.
Yesterday, Ms Chan and the delegation attended the Hong Kong-Chongqing logistics sector co-operation seminar, where she highlighted Hong Kong’s advantages in logistics and transport to the local logistics sector.
The seminar was organised by the Hong Kong Logistics Development Council and the Hong Kong Trade Development Council.
Yesterday afternoon, the delegation met representatives of local shipping enterprises to discuss enhancing the maritime ties between Hong Kong and Chongqing.
They also toured the Chongqing International Logistics Hub Park to learn about its operation, and met Deputy Director of the Hong Kong & Macao Affairs Office of the Chongqing Municipal People’s Government Zhang Yaqian, to exchange views on ways to facilitate exchanges and collaborations in logistics and transport.
Ms Chan concluded her visit this afternoon and will return to Hong Kong in the evening.
Union Minister of State for Information and Broadcasting & Parliamentary Affairs L. Murugan will inaugurate the National e-Vidhan Application (NeVA) for the Puducherry Legislative Assembly on Monday.
Puducherry Lieutenant Governor K. Kailashnathan, Chief Minister N. Rangasamy, Speaker Selvam R and legislative assembly members will also be present during the ceremony.
Puducherry assembly will have paperless operations after the implementation of NeVA.
A trial run of NeVA was conducted during 6th session of the assembly, and hands on training on the application is being provided to assembly members and government officials.
NeVA is an initiative by the Ministry of Parliamentary Affairs (MoPA) to digitize and streamline legislative processes across all 37 State and UT Legislatures through a unified platform, embodying the vision of ‘One Nation – One Application’.
The word antisemitism has become so debased that depending on who is using it I might well take it as a sign that the accused is worth listening to.
When the World Criminal Court (ICC) issued a warrant for Benjamin Netanyahu’s arrest, he responded by saying the court was being antisemitic. One of the court’s legal advisers was Theodor Meron, a former Israeli ambassador and legal adviser who spent a chunk of his childhood in a Nazi concentration camp.
Last month, Netanyahu declared the leaders of France, the UK and Canada of fuelling antisemitism.
Their “crime”? Threatening “concrete action” against Israel if it continues its “egregious” blockade of aid entering Gaza.
Egregious not genocidal. And the concrete action referred to wasn’t sanctions or a full arms embargo but stalling free trade talks.
The bitter irony is that with none of those countries having yet imposed a complete ban on arms exports to Israel they are all in a sense fuelling a genocide.
The Army-McCarthy hearings We’re coming up to the 71st anniversary of the Army-McCarthy hearings where an army lawyer, Joseph Welch, rebuked Senator Joseph McCarthy with the famous line: “Have you no sense of decency, sir, at long last?”
We’ll be waiting a long time for the wanted war criminal Netanyahu to show any decency, but could we be approaching a tipping point where the establishment finally calls off a witch hunt after realising no one is safe from false accusations.
The McCarthyite red scare, which began in the late 1940s, saw more than 2000 federal workers sacked, thousands of academics, teachers, and union members pressured or forced to resign due to anti-communist policies, and up to 500 Hollywood directors and actors blacklisted for being leftwing or refusing to name names.
Welch’s rebuke was triggered by none of that. It was McCarthy turning his metaphorical guns onto the military implying he would expose high ranking army personnel that saw the army lawyer return fire.
The conflating of criticism of Israel with antisemitism has been spectacularly successful in making any criticism of Israel a potentially career ending move. Three Ivy League presidents have been pushed out of their jobs for failing to crack down hard enough on students protesting the brutality of Israel’s ongoing genocide.
UK Labour leader Jeremy Corbyn, whose popularity had seen the party become the biggest political movement in Europe, was toppled in 2016 after bogus accusations of antisemitism.
In the purge of the Labour Party that followed Jews were five times more likely to be investigated for antisemitism than goys.
It’s the same story in Germany where Jews feature prominently among those cancelled for alleged antisemitism. Renowned professor of Jewish studies Peter Schäfe was forced to resign as the director of Berlin’s Jewish Museum after it retweeted a post critical of Germany’s anti-Boycott, Divestment and Sanctions (BDS) resolutions.
Greece’s former Finance Minister Yanis Varoufakis — not a Jew — has been banned from Germany or even appearing via Zoom for this response, on 8 October 2023, to being asked if he condemned Hamas:
“I condemn every single atrocity, whomever is the perpetrator or the victim. What I do not condemn is armed resistance to an apartheid system designed as part of a slow-burning, but inexorable, ethnic cleansing programme. As a European, it is important to refrain from condemning either the Israelis or the Palestinians when it is us, Europeans, who have caused this never-ending tragedy: after practising rabid anti-Semitism for centuries, leading up to the uniquely vile Holocaust, we have been complicit for decades with the slow genocide of Palestinians, as if two wrongs make one right.”
That nuanced response, with its acknowledgement of the dreadful legacy of real antisemitism, has not only seen him banned from speaking — in person or virtually — but dropped by his German publisher.
Antisemitism is often referred to as the oldest hatred — with good reason — but the word itself is relatively recent.
A ‘scientific’ word for an old hatred Nineteenth century German journalist, Wilhelm Marr, popularised the term in a pamphlet the title of which translates as: The way to victory of Germanism over Judaism.
What distinguished antisemitism from the commonly used Judenhass — or Jewish hate — was the idea that it was a Jew’s race not their religion that was deserving of hate.
Antisemitism was a prejudice proud to speak its name. It was respectable in a way that religious intolerance wasn’t. Prominent professors and politicians happily declared themselves antisemites and adherents of “scientific racism”.
It was an old idea dressed up in new clothing. Fifteenth century Spain passed Limpieza de Sangre (cleanliness of blood) statutes to allow discrimination against Jewish and Muslim converts to Christianity.
The Judeo-Christian civilisational conflict with Islam, often referred to by right-wing supporters of Israel, is a relatively new construct. When the Jews were expelled from Spain, the Ottomans sent ships to take them to new homes in Istanbul, Thessaloniki and Izmer.
Times change and while it was once possible — even common — to be a respectable antisemite and scientific racist but frowned upon to discriminate based on religious belief, now the reverse is true.
So-called new atheists like Sam Harris and Richard Dawkins declare all religions bad but Islam worse.
“Listening to the lovely bells of Winchester, one of our great mediaeval cathedrals. So much nicer than the aggressive sounding “Allahu Akhbar.” Or is that just my cultural upbringing?” Dawkins once tweeted.
The cultures of Europe have indeed cultivated racist ideas for centuries. And just as half a millennia ago conversion offered you no protection from the racism of the Spanish court, embracing Buddhism didn’t protect Columbia University student Moshen Mahdawi from being snatched from a naturalisation interview by balaclava-clad ICE agents.
His crime? Being Palestinian and telling his story.
It’s a topsy-turvy world where life-long anti-fascists like Jeremy Corbyn and Yanis Varoufakis are sanctioned on bogus claims of antisemitism while the likes of Elon Musk and Hungarian PM Victor Orban — both peddlers of old-style antisemitic conspiracies — are welcomed to Israel as friends and allies in a contrived battle of civilisations.
One thing that differentiates antisemitism from the Judeophobia, which has been a European disease since the early days of Christianity, is that it places Jews among the victims of the continent’s white supremacist legacy.
It’s perhaps no coincidence the Christopher Columbus set sail for the Americas in the same year, 1492, that Spain expelled its Jews and Muslims.
The settler colonisation of the Americas has been estimated by historian David Stannard to have resulted in the death of 100 million indigenous people — many from introduced diseases but tens of millions also died in genocides only recently making their way into history books.
Last month, when Netanyahu declared Israel’s attacks on Gaza “a war against human beasts” he was echoing the words of settler colonialists from Alaska to Aotearoa and the dehumanising language of the Nazis against the Jews.
So, back to that question about whether we’ve reached a tipping point where unfair accusations of antisemitism will be seen in a similar light to McCarthy’s red scare.
With Netanyahu accusing the leader of the Democrats party, Yair Golan, an IDF reserve major-general, of promoting a blood libel for speaking out against the starving of babies in Gaza, it’s hard not to draw parallels with the Army-McCarthy hearings.
It’s worth quoting the words that saw Israel’s PM accuse Golan of a blood libel — a reference to the lie that Jews used the blood of non-Jewish children in the baking of matzos, and a trigger for centuries of pogroms.
“A sane country does not wage war against civilians, does not kill babies as a hobby, and does not set goals for itself like the expulsion of a population.”
The idea that an IDF general speaking out against the killing of babies is propagating racist hatred of Jews is surely a leap too far even for many fervent Zionists.
Another sign that the tide might be turning is Kenneth Stern, the lead drafter of the International Holocaust Remembrance Alliance (IHRA) working definition of antisemitism, saying the US administration’s weaponisation of the IHRA definition is making academics and students (including Jews) less safe.
The self-described Zionist said the definition was being distorted and used to silence anti-Israel critics.
The IHRA working definition has been widely adopted internationally — including by institutions in New Zealand and Australia.
Human Rights Watch and Amnesty International have both criticised the definition claiming it has seen those documenting Israel’s human rights abuses being falsely accused of antisemitism.
It’s a tragedy that weaponised accusations of antisemitism aimed at protecting Israel from criticism are obscuring a rise in Judeophobic conspiracy theories and attacks on Jewish community centres and synagogues around the world.
And even more tragically that those accusations are blunting criticisms of Israel that could help bring the ongoing genocide in Gaza to an end.
India’s benchmark indices surged on Friday after the Reserve Bank of India (RBI) reduced the repo rate by 50 basis points to 5.50 per cent and the cash reserve ratio (CRR) by 100 basis points, in four tranches.
The Sensex gained 746.95 points, or 0.92 per cent, to close at 82,188.99, while the Nifty rose 252.15 points, or 1.02 per cent, to end at 25,003.05.
The rally was led by banking stocks. The Nifty Bank index closed at 56,578.40, up 817.55 points or 1.47 per cent. During the session, Bank Nifty touched 56,695 – its highest level to date.
In addition to large-cap stocks, mid-cap and small-cap segments also saw gains. The Nifty Midcap 100 index rose by 707.30 points, or 1.21 per cent, to 59,010.30, while the Nifty Smallcap 100 index climbed 149.85 points, or 0.81 per cent, to 18,582.45.
Rupak De of LKP Securities said the sharp rise in the index followed what he described as a “bazooka policy move” by the RBI.
The significant rate cut and the liquidity boost via the CRR reduction are expected to facilitate a swift transmission of lower rates, reinforcing the RBI’s strong commitment to fostering economic growth, boosting investment, and stimulating consumption.
Rate-sensitive sectors such as banking, real estate, automobiles, and consumer durables are leading the rally, according to experts.
Going forward, the impact of the rate cut is expected to continue influencing market sentiment.
NEW YORK, June 06, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Neo Performance Materials Inc (TSX: NEO; OTCQX: NOPMF), a manufacturer of the building blocks of many modern technologies that enhance efficiency and sustainability, has qualified to trade on the OTCQX® Best Market. Neo Performance Materials Inc upgraded to OTCQX from the Pink® market.
Neo Performance Materials Inc begins trading today on OTCQX under the symbol “NOPMF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Neo’s CEO, Rahim Suleman, said: “We are pleased to begin trading on OTCQX, which enhances Neo’s visibility and accessibility for U.S. investors. As a global leader in advanced rare earth materials, with a strong balance sheet and a growing magnetics business in Europe, we are well-positioned to support the accelerating demand for critical materials in electrification and other modern technologies. Trading on OTCQX provides an additional platform to broaden our shareholder base as we continue to execute on our strategic priorities and drive long-term value.”
About Neo Performance Materials Inc Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated research and development centre in Singapore.
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 three public markets: OTCQX® Best Market, OTCQB® Venture Market, and Pink® Open 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 an 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.
SHENZHEN, China, June 06, 2025 (GLOBE NEWSWIRE) — MoonFox Data, China’s leading provider of all-scenario data insights and analytics services, was recently invited to deliver a keynote address at the Neudata Hong Kong Data Summit 2025, held at the Hong Kong Cordis Hotel.
Senior Analyst Max Ma presented “Navigating China’s Market Pulse in 2025: Data-Driven Strategic Investment Insights,” offering global investment institutions and enterprise clients an in-depth analysis of the latest trends in China’s macroeconomy and key industry sectors.
As global investors increasingly focus on the Chinese market, data-driven market insights have become a critical foundation for institutional decision-making and corporate strategic planning. Against the backdrop of a complex, evolving macroeconomic environment and industrial structural transformation, accurately deciphering the pulse of the Chinese market using high-quality data has emerged as a central concern for global capital and enterprises.
About Neudata: The Global Alternative Data Authority
Neudata, headquartered in London, UK, is one of the world’s most influential independent data intelligence platforms in the alternative data domain. The platform specializes in identifying cutting-edge alternative data sources, providing market trend insights, and offering data procurement consulting services for global financial institutions such as asset managers, hedge funds, and quantitative investment firms. Leveraging its extensive supplier network and professional research team, Neudata empowers global investors to efficiently discover, evaluate, and apply various types of alternative data, enhancing the foresight and scientific rigor of investment decisions. The Neudata Data Summit convenes top global asset managers, data technology companies, and industry experts, serving as a vital international platform for exploring data innovation and collaboration.
Spotlight on Market Dynamics under Easing Policies
In his address, Max Ma highlighted that under the guidance of mildly easing policies in the first half of 2025, the Chinese market is undergoing structural transformation. Key sectors such as artificial intelligence (AI), e-commerce, consumer goods, and automotive are exhibiting distinct evolutionary characteristics. Based on MoonFox Data’s proprietary data product matrix, the team distilled three core insights through multi-dimensional dynamic monitoring and deep analysis:
Quantifying Industry Evolution
Brand Competition Analysis
Actionable Investment Guidance
“Data-driven insights are the core tool for navigating market uncertainty,” emphasized Max Ma. “MoonFox Data is committed to helping global clients precisely identify incremental opportunities in the Chinese market through objective, real-time, and in-depth data capabilities.”
Exhibition Spotlight: AI and Alternative Data Products Draw Wide Attention
Within the summit’s exhibition area, MoonFox Data’s AI and alternative data solutions became a focal point, attracting significant attention from numerous domestic and international industry experts, investment institutions, and corporate representatives. The innovation capabilities and real-world application scenarios of the flagship products, MoonFox iApp and MoonFox iBrand, garnered high recognition from attendees.
About MoonFox Data As a sub-brand of Aurora Mobile (NASDQ: JG), MoonFox Data is a leading expert in data insights and analysis services across all scenarios. With a comprehensive, stable, secure and compliant mobile big data foundation, as well as professional and precise data analysis technology and AI algorithms, MoonFox Data has launched iAPP, iBrand, iMarketing, Alternative Data and professional research and consulting services of MoonFox Research, aiming to help companies gain insights into market growth and make accurate business decisions.
Union Minister of Commerce and Industry Piyush Goyal on Thursday co-chaired the 22nd session of the India-Italy Joint Commission for Economic Cooperation (JCEC) alongside Italy’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani.
The high-level meeting was held in Brescia, a key manufacturing hub in northern Italy, during Goyal’s two-day visit to the country. He was accompanied by a business delegation comprising senior leaders from nearly 90 Indian companies.
The JCEC brought together senior officials, policymakers, and key industry stakeholders from both countries.
According to the Ministry of Commerce and Industry, the discussions aligned with the India-Italy Joint Strategic Action Plan 2025–2029, which aims to enhance economic resilience, promote industrial collaboration, and support inclusive and sustainable growth.
Both sides agreed to intensify cooperation in priority sectors such as Industry 4.0, aerospace, energy transition, and sustainable mobility. The talks also emphasized collaboration in skill development, digital transformation, migration and mobility, and joint initiatives under global connectivity frameworks like the India-Middle East-Europe Economic Corridor (IMEC).
In addition, India and Italy resolved to boost ties in agriculture and food processing and agreed to establish Joint Working Groups in the automobile and space sectors to deepen technological and industrial cooperation.
A high-level growth forum was held on the sidelines of the JCEC to explore emerging business opportunities and foster potential industrial partnerships.
Goyal also held one-on-one meetings with prominent Italian corporate leaders and welcomed their plans to expand operations in India.
Marking World Environment Day, Goyal and Tajani visited A2A, an Italian waste-to-energy company, to explore collaboration in the clean energy space. They also planted saplings at the Santa Giulia UNESCO World Heritage complex in memory of their mothers, under Prime Minister Narendra Modi’s “Ek Ped Maa Ke Naam” initiative.
In a landmark visit to Jammu and Kashmir, Prime Minister Narendra Modi on Friday flagged off new Vande Bharat trains and inaugurated two major railway bridges—the Chenab Rail Bridge and the Anji Khad Bridge—marking a pivotal moment in the region’s rail connectivity journey. The event highlighted more than a decade of sustained investment in railway infrastructure aimed at expanding access, improving mobility, and unlocking economic opportunity across the Union Territory.
The Chenab Rail Bridge, now recognised as the world’s highest railway arch bridge, towers 359 metres above the riverbed—rising 35 metres higher than the Eiffel Tower. Spanning 1,315 metres, this engineering marvel is a critical part of the Udhampur–Srinagar–Baramulla Railway Link (USBRL), one of India’s most ambitious transport projects. Designed to withstand extreme weather and seismic activity, the bridge is built to endure wind speeds of up to 260 kilometres per hour and has an expected lifespan of 120 years. Structural steel capable of withstanding temperatures from minus 10 to 40 degrees Celsius and cutting-edge Tekla software for structural precision were used in its construction.
Nearby, the Anji Khad Bridge stands as India’s first cable-stayed railway bridge. Stretching 725 metres across the Anji River valley and supported by 96 high-tensile cables, the bridge is anchored by a 193-metre-tall inverted Y-shaped pylon. Set against the dramatic Himalayan landscape, the structure was completed in a record time of 11 months. Over 8,200 metric tonnes of structural steel were used in its construction, making it a resilient and strategic link in the Katra–Banihal section of the USBRL. The bridge has been engineered to withstand tremors, high wind loads and shifting topography, providing a vital connection in a region marked by seismic and geological volatility.
The rail network in Jammu and Kashmir has undergone a radical transformation over the past 11 years. Once hindered by geography and conflict, the region’s integration into the national railway grid is now nearly complete. The USBRL project, which cuts across 272 kilometres of rugged Himalayan terrain, includes 36 tunnels spanning 119 kilometres and 943 bridges that connect isolated communities. Constructed at a cost of ₹43,780 crore, it represents one of the most challenging infrastructure undertakings in India’s post-independence era.
To maximise the benefit of this enhanced connectivity, the Vande Bharat Express will soon operate between Jammu and Srinagar. Designed for sub-zero conditions, the train is equipped with heated windshields, insulated toilets and advanced heating systems to withstand temperatures as low as minus 20 degrees Celsius. A snow removal train will operate ahead of it during harsh winters, and seismic dampers have been installed to ensure safety along the route.
The journey between Katra and Srinagar, which previously took more than five hours, will now be reduced to approximately three, a shift that is expected to bring substantial gains in tourism, trade and accessibility. Full electrification of railway lines in the region further strengthens this transformation, aligning with broader goals of energy efficiency and sustainability.
In addition to new services and engineering breakthroughs, the government has focused on modernising stations and expanding pilgrimage routes. In 2014, the commissioning of the Udhampur–Shri Mata Vaishno Devi Katra rail section opened a 25.6 km link built at a cost of ₹1,132.75 crore. It features 10.9 km of tunnels, 36 bridges and a modern Katra station, constructed with dedicated facilities including public conveniences and a footbridge for local residents. That same year, the Shri Shakti AC Superfast Express was introduced to connect New Delhi with the shrine town, enhancing accessibility for pilgrims.
More recently, in February 2024, a 48-km stretch between Banihal, Khari, Sumber and Sangaldan was inaugurated, along with the electrification of the 185.66-km Baramulla–Srinagar–Banihal–Sangaldan section. Prime Minister Modi flagged off the valley’s first electric train, marking a shift towards cleaner and more efficient rail operations. The Banihal–Sangaldan section features ballast-less tracks to ensure smoother rides.
In January 2025, Indian Railways conducted safety inspections on the 111-km Banihal–Katra section, featuring 97 km of tunnels and four major bridges. Once operational, this will complete the Jammu–Srinagar rail link. Jammu station is also being redeveloped to include eight platforms and upgraded passenger amenities. A dedicated railway division with headquarters in Jammu was created in the same month, carved out from the Ferozepur Division. It will oversee operations in Jammu and Kashmir, Ladakh, Himachal Pradesh and parts of Punjab, enhancing administrative efficiency and service delivery.
The T-50 tunnel, a 12.77-km stretch connecting Khari and Sumber, is now the longest transportation tunnel in India and plays a critical role in the USBRL network. Constructed using the New Austrian Tunnelling Method, the tunnel includes a parallel escape tunnel and cross-passages every 375 metres for safety. Extensive geological challenges were met with strategic engineering solutions, including the construction of multiple adits to fast-track completion. The installation of CCTV cameras every 50 metres, monitored from a central control room, ensures operational safety.
To support these developments, Indian Railways also laid 215 km of approach roads to ensure access to remote construction sites. These roads have brought ancillary benefits by improving rural connectivity and enabling economic activity in previously inaccessible areas.
As part of its broader modernisation strategy, the Ministry of Railways has included four Jammu and Kashmir stations—Budgam, Jammu Tawi, Shri Mata Vaishno Devi Katra and Udhampur—under the Amrit Bharat Station Scheme. This initiative aims to deliver enhanced passenger services and drive integrated urban development.
In the Union Budget for 2025–26, the Centre allocated ₹844 crore specifically for railway development in Jammu and Kashmir. The funding is aimed at accelerating ongoing projects and strengthening rail infrastructure across the region.
The confluence of infrastructure upgrades, strategic investments and technical innovation over the past decade is reshaping Jammu and Kashmir’s transport landscape. The region, once isolated by mountains and weather, is now poised to emerge as a vital link in India’s national rail network, offering faster, cleaner and more inclusive mobility for its people.
2. As announced in the Governor’s Statement dated June 06, 2025, it has been decided to reduce the Cash Reserve Ratio (CRR) of all banks by 100 basis points in four equal tranches of 25 basis points each to 3.0 per cent of net demand and time Liabilities (NDTL). Accordingly, banks are required to maintain the CRR at 3.75 per cent, 3.5 per cent, 3.25 per cent and 3.0 per cent of their NDTL effective from the reporting fortnight beginning September 6, October 4, November 1 and November 29, 2025, respectively.
3. A copy of the relative notification DoR.RET.REC.24/12.01.001/2025-26 dated June 6, 2025 is enclosed.
Yours faithfully,
(Manoranjan Padhy) Chief General Manager
Encl.: As above
DoR.RET.REC.24/12.01.001/2025-26
June 06, 2025
NOTIFICATION
In exercise of the powers conferred under the sub-section (1) of Section 42 of the Reserve Bank of India Act, 1934 and sub-section (1) of Section 18 of the Banking Regulation Act, 1949 (10 of 1949), read with Section 56 thereof, and in partial modification of the earlier notification DoR.RET.REC.53/12.01.001/2024-25 dated December 06, 2024, the Reserve Bank of India hereby notifies that the average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 3.75 per cent, 3.5 per cent, 3.25 per cent and 3.0 per cent of its net demand and time liabilities effective from the reporting fortnight beginning September 6, October 4, November 1 and November 29, 2025, respectively.
This report is provided by Earth Negotiations Bulletin/International Institute for Sustainable Development. View the original reporthere.
Finance is critical to implementation of the Sendai Framework on Disaster Risk Reduction (DRR), but investments have not kept pace with rising demands, and aid budgets are shrinking worldwide. In many sessions through the day, delegates focused attention on financing a wide range of needs, including school safety, measures to deal with extreme heat, and nature-based solutions (NbS).
High-level dialogue
What will it take to scale DRR financing solutions at the national and local level?
Journalist Mayowa Adegoke moderated the session.
Stine Renate Håheim, State Secretary to Minister of International Development, Norway, emphasized DRR financing as a high priority, saying, “it is better to prevent than repair afterwards.” She noted that one in three people globally-most in cities or highly vulnerable areas-are not covered by Early Warning Systems (EWS).
Hans Sy, CEO, SM Prime Holdings, explained his company’s investment in resilient building construction, such as building on concrete pillars to allow free flow of floodwaters. He stressed that risk-informed decisions based on science and technology “makes good business sense.”
Fatima Yasmin, Asian Development Bank (ADB), said the Bank regards DRR as a critical priority investment, particularly through supporting policy making, planning, advising on innovative investments, and incentivizing preparedness. On scaling DRR investments, she said financing should be fast, flexible and forward-looking.
Rob Wesseling, CEO, Co-operators Group, said no path to net zero emissions is possible without investment in both prevention and recovery. He encouraged governments to utilize the risk information gathered by insurance companies over decades to assist with decision making.
On mobilizing private sector investment, Velenkosini Fiki Hlabisa, Minister of Cooperative Governance and Traditional Affairs, South Africa, stressed that every cent invested in resilience and preparedness saves lives and livelihoods.
View of the panel during the Multi-Stakeholder Plenary. Source: IISD/ENB | Anastasia Rodopoulou.
Ministerial roundtable
Inclusive comprehensive school safety-strengthening resilience for children and youth in all hazards
The event, which convened 36 ministries, was co-chaired by Kamal Kishore, Special Representative of the UN Secretary General for Disaster Risk Reduction and Head, UNDRR, and Paul Steffen, Deputy Director, Federal Office for the Environment, Switzerland.
In opening remarks, Kishore encouraged delegates to endorse the Comprehensive School Safety Framework 2017 (CSSF), noting only 80 countries have done so, and for countries to make schools heat-resilient.
On school safety policies, Tunisia, Zimbabwe, Mongolia, Pakistan, and Saint Lucia recognized the CSSF. Portugal highlighted its DRR working group on children and youth. Brunei Darussalam, Kenya, and Portugal recognized the fundamental rights of children to safe school environments. Colombia highlighted its Law on Teaching for Sustainability, Climate Change, and Disaster Risk Management. Republic of Korea described its 2020 Child Safety Management Act.
Many countries identified education programming as fundamental to reducing risk and developing children as agents of change in their homes and communities. Malaysia, Uganda, Russia, Algeria and others described homegrown examples of such programmes, for example, student leadership groups and First Aid skills training.
Leaders from around the globe express their shared commitment to making schools safer and more resilient to disasters. Source: IISD/ENB | Anastasia Rodopoulou.
Several countries, including Greece, Kenya and Cuba, recognized the importance of social support to children experiencing disaster and loss, and the ensuing mental and emotional health impacts. The Holy See flagged the need for spiritual care of those “who have seen whole lives swept away.”
Most countries discussed sustainable and resilient school infrastructure, including standards for new or retrofitted buildings. Belgium, Republic of Moldova, and Singapore highlighted energy efficiency and climate resilience. On heat stress in schools, Singapore flagged cooling strategies and energy-efficient fans. Tunisia described its sustainable school network that integrates climate change, disaster risk, and biodiversity objectives. Spain said new schools need to be “climate shelters.” Bangladesh noted the construction of more than 5,000 cyclone-resistant schools.
Multistakeholder plenary
Investments in reducing risk and building resilience to accelerate investments in sustainable development
Kishore introduced the session, which was co-chaired by Paul Steffen, Federal Office for the Environment, Switzerland, and Paola Albrito, UNDRR. Kishore noted less than 1% of national budgets is allocated to DRR.
Countries presented their national commitments, such as Australia’s Disaster-Ready Fund, which is providing up to AUD 1 billion (USD 648 million) over five years for locally-identified needs, and Switzerland’s DRR commitment of more than CHF 2 billion (USD 2.5 billion) annually. Many expressed appreciation for international support, including for Moldova’s local adaptation plans in 38 communities, and Samoa’s community-based disaster risk management activities. Peru highlighted its introduction of budget flexibility for regional and local authorities, enabling rapid response to imminent hazards.
The Food and Agriculture Organization of the UN (FAO) reported that only 3% of all development assistance is allocated to agricultural DRR measures, even while these deliver significant returns in ensuring food security. Swiss Re highlighted the role of insurance in informing risk and mitigation measures, noting the availaility of parametric insurance, for example, against extreme heat events and flooding. The Resilience Action Fund showcased the work of the International Finance Corporation in developing the Building Resilience Index as a world-first metric for assessing the safety and risk of buildings for insurers and construction developers. The Latin America and the Caribbean Development Bank (CAF), India, and the UK welcomed innovative initiatives, such as a new center on extreme events, establishment of risk pools, and the use of AI to identify flood threats.
Delegates affirmed regional solidarity, demonstrated in Tunisia’s hosting of the Africa-Arab Platform for DRR in 2023, and Iran’s hosting of three regional organizations, including a Regional Center for Urban Water Management. Albania welcomed its responsibilities under the EU Civil Protection Code for cooperation among EU countries and other partners, which, he noted, enables access to advanced DRR solutions.
The International Organization for Migration highlighted its 2024 launch of Climate Mobility Innovation Labs for the Africa and Asia regions to develop solutions to climate-related mobility.
Steffen urged all present to accelerate investment in DRR, and to engage the private sector as key partners.
Moderator, Juli Trtanj, Co-Chair, Gobal Heat Health Information Network, opened the session. Celeste Saulo, Secretary-General, World Meteorological Organization (WMO), called heat a “silent killer” because it is the least managed of all climate hazards. She said 50% of countries have heat warning systems in place but only 26 have dedicated Heat Health EWS. She identified three priorities: integrating heat risk into climate and DRR governance, heat EWS, and implementation using risk information and data.
In his keynote, Pramod Kumar Mishra, Principal Secretary to the Prime Minister, India, said heat threatened public health, economic stability, and the ecological resilience of cities and communities. He underscored UNDRR’s Common Framework on Extreme Heat Risk Governance and drew attention to India’s national guidelines on heat wave management, which decentralized more than 250 heat action plans in 23 states. He called for scaling hospital and primary health care preparedness and resilience and noted India is adopting a long-term heat wave mitigation strategy, including roof-cooling technologies, passive cooling centers, revival of traditional water bodies, and improved thermal comfort and livability of informal settlements.
In a panel discussion, Benoît Faraco, Ambassador, Climate Negotiations for Decarbonized Energies and for the Prevention of Climate Risks, France, urged being modest since we are still discovering impacts and avoiding maladaptation. Ousmane Ndiaye, Director General, African Center for Meteorological Application for Development, stressed the links between heat waves, energy crises, and health care demand. Rosa Galvez, Senator, Canada, spoke about lived experience saying, “We cannot adapt forever – we must work on the causes.” Jagan Chapagain, Secretary-General, International Federation of the Red Cross and Red Crescent Societies (IFRC), said extreme heat is a humanitarian crisis. On involving the financial sector, Mia Seppo, Assistant Director General, International Labour Organization, discussed climate risk insurance, just transition principles, and access to essential services. Mishra advised that industry protect labor from heat risk.
Source: IISD/ENB | Anastasia Rodopoulou.
Special session
Comprehensive approaches to reduce loss and damage-bridging climate action and DRR
Fatou Jeng, Former Climate Advisor to the UN Secretary-General and Member of the Early Warnings for All Advisory Panel, moderated the session.
Ralph Regenvanu, Minister for Climate Change, Adaptation, Meteorology and Geo Hazards, Energy, Environment and Disaster Management, Vanuatu, appreciated the support from the Fund for responding to Loss and Damage (FRLD) and the Santiago Network, which combined forces to launch the inaugural integrated loss and damage and DRR initiative in Vanuatu.
Kishore noted that, while many DRR practices are now in place, these need to be updated to deal with climate system changes and the associated risks, uncertainty, and volatility.
Benoît Faraco, argued that the distinction between loss and damage, and DRR, is theoretical, and remains irrelevant to people on the ground who want response, prevention, action, and solidarity to alleviate their situation.
Ibrahima Cheikh Diong, Executive Director, FRLD, emphasized the need to look at how interventions can be most impactful, stressing that solutions must be country-led, and recognize Indigenous groups and civil society participants. He expressed awareness that the FRLD must be “nimble, accessible, flexible and built on partnerships, always ensuring no one is left behind.”
Carolina Fuentes Castellanos, Director, Santiago Network Secretariat, elaborated on how the network is supporting countries to accelerate loss and damage, using Vanuatu’s experience to demonstrate how the Network can accelerate fund distribution and support with bold and transformative support.
Jagan Chapagain, Secretary-General, IFRC, cautioned that the terms loss and damage represent different meanings to communities, but the bottom line is to ensure the funds really reach the local level.
Thematic Sessions
Catalyzing governance solutions for disaster and climate-related displacement
Irwin Loy, The New Humanitarian, moderated this session.
John Mussington, activist and displaced person, Antigua & Barbuda, described his work of founding the community network, Stronger Caribbean Together, with others displaced by “disaster capitalism”, as storm-damaged sites are cleared for tourism development.
Sakiasi Ditoka, Minister of Rural and Maritime Development and Disaster Management, Fiji, highlighted the 2023 Pacific Regional Mobility Framework and Fiji’s own planned relocation guidelines.
Zahra Abdi Mohamed, Director-General, National Center for Rural Development and Durable Solutions, Somalia, described Somalia’s National Transformation Plan that prioritizes anticipatory action and climate-smart livelihoods, responding to the needs of long-term displaced communities.
Fatimah Zannah Mustapha, community representative, Nigeria, called for centering the voices of local women in decision making by removing barriers, “whether digital, linguistic, or cultural.” Claudinne Ogaldes Cruz, Executive Secretary, National Coordinator for Disaster Reduction (CONRED), Guatemala, noted that many Guatemalan households are women-led and have the knowledge to inform decision making.
Robert Piper, former UN Secretary-General’s Advisor on Solutions to Internal Displacement, said line ministries responsible for decisions on land use and building codes-“those who are responsible for dealing with the failure to prevent”-must become deeply involved in the governance of disaster displacement.
Leveraging Values of Nature for Resilience: Moderated by Cecilia Aipira, United Nations Environment Programme (UNEP), the session addressed the role of nature-based solutions (NbS) in DRR.
In his keynote, Mohammed-Yahya Lafdal, General Director, National Environment and Coastline Observatory, Mauritania, highlighted the increase in tree cover through reforestation and restoration, taking into account Indigenous knowledge and solutions, and the development of barrier systems for water distribution and management in desert areas. He emphasized how addressing land degradation and rehabilitation has been Mauritania’s best solution for increasing resilience.
Rodrigo Hernández Escobar, Representative of the Latin American and Caribbean Indigenous Knowledge & DRR Network, highlighted political will and respect for Indigenous cosmovision and territories as key elements for leveraging traditional knowledge into programmes supporting NbS. Isaac Luwaga Mugumbule, Head of Landscaping, Kampala Capital City Authority, Uganda, stated that NbS are context-specific and require community involvement to be sustained.
Professor Satoru Nishikawa, Japan International Cooperation Agency (JICA), stressed the need for scientific numerical quantification, analysis, and testing on the strengths and durability of NbS. Swenja Surminski, London School of Economics, noting that NbS “are not silver bullets,” stressed the need to work with nature, drawing attention to NbS co-benefits. Oliver Schelske, Swiss Re Institute, noting the absence of standardized values for nature, emphasized that even if “not everything is insurable,” investing in nature makes sense from an insurance perspective, as it reduces risks to the asset being insured.
On the prerequisites for NbS to be viable, speakers mentioned common sense, co-benefit considerations, identifying the number of protected lives, and conducting independent auditing.
Thematic Sessions as visual summaries capturing key messages and insights. Source: IISD/ENB | Anastasia Rodopoulou.
Side event
Inclusive comprehensive school safety—Strengthening resilience for children and youth in all hazards
This side event, organized and facilitated by the Global Alliance for Disaster Risk Reduction and Resilience in the Education Sector (GADRRRES), showcased school safety and resilience programmes from Central Asia, the Pacific region and the Caribbean.
Anja Nielsen, Co-Chair, GADRRRES, gave an overview of CSSF, noting the all-hazards, all-risks approach that includes environmental, climate change, and biological health risks, technical threats, and other everyday risks. She elaborated on the global school safety survey, representing 350 million school-aged children, and highlighted, among other concerns, that significant infrastructure investment is needed to better protect children and teachers from natural hazards, with most suffering from funding constraints.
Education administrators from Saint Lucia, Tonga, and Kyrgyzstan described CSSF activities and outcomes from their regions, and emphasized: involving the children actively in school safety is a game changer; collaboration is the essence of resilience, requiring whole-of-government and whole-of-society approaches; and building capacity at all levels, particularly teachers, for comprehensive school safety is key.
IISD’s summary
The summary report of the meeting will be available on Monday, 9 June 2025, here.
The 2025 Sasakawa Award winners are Dr. Mrutyunjay Mohapatra, from the India Meteorological Department, and Dr. Harkunti Rahayu, from the Indonesian Disaster Expert Association, both in the individual category; and the Global Network of Civil Society Organisations for Disaster (GNDR), in the organizational category.
These winners were announced at the Global Platform for Disaster Risk Reduction, in a vibrant Award Ceremony, packed with passionate candidates and their dedicated supporters, all gathered to celebrate some of the most outstanding contributions to disaster risk reduction.
Mrutyunjay Mohapatra, Director General of the India Meteorological Department (IMD), is popularly known as “The Cyclone Man of India” for his exceptional contributions to tropical cyclone forecasting and warning systems. He has been instrumental in improving India’s disaster preparedness and significantly reducing casualties from tropical cyclones through advanced forecasting and early warning systems.
Harkunti Pertiwi Rahayu is Professor of Disaster Aspect in Planning at the Institut Teknologi Sumatra and Chair of the Indonesian Disaster Expert Association. An internationally recognized leading expert in DRR, she chairs multiple international working groups on early warning and mitigation systems, disaster preparedness, developing people-centred early warning systems and capacity building, community awareness and preparedness.
The Global Network of Civil Society Organisations for Disaster Reduction (GNDR) – winner in the organizational category – is the largest global network of organizations working to strengthen the resilience of people most at risk of disasters, assembling around 2000 organisations in 130 countries. GNDR has made significant contributions to the content and implementation of the Sendai Framework, and is a strong advocate for inclusive and all-of-society disaster risk management.
Under the expert moderation of Anita Erskine, Ghanaian broadcast personality and sustainability champion, the ceremony honored those who have made exceptional strides in improving resilience to disasters.
Innovation and technology for inclusive resilience
This year’s theme, “Connecting science to people: democratizing access to innovation and technology for disaster resilient communities,” captured the spirit of innovation and accessibility that drives modern disaster preparedness. With over 200 outstanding nominees received in two categories, Individuals and Organizations, all candidates demonstrated incredible depth of talent and dedication within the global DRR community.
Special Representative of the UN Secretary-General for Disaster Risk Reduction Kamal Kishore delivered heartfelt gratitude to the community present and those watching online, acknowledging the tireless hard work and unwavering dedication of all those nominated for the award.
“This year’s award theme recognizes the importance of innovation and technology to advance resilience – and do it in a very inclusive and democratic way…. the efforts where science has been connected to society to serve the needs of people, those who are most vulnerable,” Mr Kishore said.
“I ask that we all ask and reflect on how we can support and scale up the vital efforts of these remarkable individuals and institutions,” he said.
The Nippon Foundation, whose generous support makes these awards possible, was proudly represented by Mr. Yosuke Ishikawa, Programme Director.
Mr. Kishore praised the high standard and exceptional achievements of all the nominees for the award, adding that the judges had to make difficult choices in selecting the winners from a group of such caliber. As a result they decided to recognize the following runners-up as highly commended.
Individuals:
Rob Hopkins “Radio Rob” from Yukon, Canada
Professor Virginia Murray from Global Disaster Risk Reduction at UK Health Security Agency, UK
Shee Kupi Shee from Disaster Management and Peace Building in Lamu County, Kenya
Kelvin Mashisia Shikuku from the International Livestock Research Institute in Kenya
Organization:
The World Institute on Disability (WID), Global/US
Inspiration for us all
The visionary work of these award winners demonstrates that disaster risk reduction is not just about preparation—it’s about building resilient communities where innovation meets humanity. Their dedication shows us that every contribution, no matter how small, can create ripples of positive change that protect lives and livelihoods.
Whether you’re a researcher, community leader, or simply someone who cares about making the world safer, there’s a place for you in disaster risk reduction. The challenges the world faces require diverse perspectives, innovative solutions, and collaborative efforts. Everyone is encouraged to continue the DRR journey and be part of the solution that builds a more resilient world for all.
The next edition of the Sasakawa Awards will be held at the Global Platform in three years’ time, and the jury will be thrilled to read even more inspiring stories of hope and action!
The impacts of disasters are woven into all aspects of life.
Impacts send shockwaves across all systems – essential services, infrastructure, health, education and economic. They interact with climate change, conflict, economic fragility, and inequality – amplifying risks across systems.
However, even though disaster costs are rising, financing for disaster risk reduction (DRR) is largely fragmented, short-term, and reactive.
“Let us be clear: financing disaster risk reduction is not a cost – it is an investment, with benefits across different agendas: from protecting development, to reducing humanitarian needs, and achieving climate and environmental goals.”
Kamal Kishore, Special Representative of the UN Secretary-General for Disaster Risk Reduction
To protect development gains from being eroded by a spiral of deepening crises, countries must systematically embed risk reduction in national budget processes – across all levels of government. This will require a raft of innovative financing mechanisms, public-private partnerships and novel inclusive approaches to ensure that investments provide benefits to those who need them most.
At a ministerial roundtable session at the Global Platform for Disaster Risk Reduction, Accelerating Financing for Resilience: Tailored Solutions for Disaster Risk Reduction, ministers from 43 countries, together with the World Bank and UNDP, discussed the challenges and opportunities they face when financing resilience building; their experiences, successes and solutions; and concrete proposal for inclusive and equitable financing strategies.
The ministers acknowledged that there is a deficit in global financing for disaster preparedness. The Philippines, South Sudan, Fiji, Barbados, and members of the African Union, amongst others, drew connections between financial planning for disaster risk and broader climate financing, noting the important role of resources like the Green Climate Fund, the Adaptation Fund, and the Loss and Damage Fund.
Financing resilience is public investment
Too often, public budgets only respond after disaster strikes. The consequence is mounting human and economic losses, especially in vulnerable countries.
“The root causes of disaster risk – inequality, misaligned financial incentives, insufficient risk governance – remain unaddressed in many development models.”
– UNDRR’s 2025 Global Assessment Report on Disaster Risk Reduction (GAR 2025)
To address this will require a fundamental rethink, positioning disaster risk reduction firmly in development finance.
“We must support developing countries in establishing national disaster risk reduction financing systems that are tailored to their development priorities.”
– Kamal Kishore at the ministerial roundtable.
These systems must be pro-active, not reactive, and aligned with each country’s unique development goals, while integrating a firm understanding of systemic and cascading risks.
India, for example, is taking a rule-based approach with pre-determined allocations that flow from national to district levels. Japan and Norway noted that they are both mainstreaming DRR into private sector practice, with Norway advocating for legal requirements for DRR in corporate strategies.
The GAR 2025 findings reinforce this more holistic approach, recommending that countries reconfigure their financial and economic governance to create more favourable conditions for DRR investments, especially by shifting public spending “away from short-term consumption and toward resilience-building.”
Integrating disaster risk financing into budgets
Resilient budgets require more than a single DRR line item.
Mr. Kishore highlighted the need to embed risk considerations throughout public financial planning: “This includes exploring ways of embedding resilience into budget planning at every level.”
That means sectoral ministries, infrastructure agencies, local governments, and fiscal authorities must all adopt risk-informed budget planning. This shift is not just about earmarking funds, but about transforming how development priorities are selected, financed, and measured.
Countries including Brazil are calling for a global task force on effective DRR financing, while the Philippines proposed a global financing mechanism to support disaster resilience efforts, recognising the need to anchor DRR in fiscal systems.
In a conversation with Deputy Secretary-General Amina J. Mohammed, Mr Kishore noted that we need a coordinated, global system making the appropriate mechanisms accessible to those who need them most:
“We have the tools to assess risk and see how much investment will lead to what kind of reduction in risk. We really need to make it a comprehensive system – where national budgets, whether countries have high income or low income – take into account the kind of disaster risk they face and systematically invest in it.”
Ms. Mohammed noted the need to develop more innovative financing mechanisms as a key priority during the Global Platform.
“We need to get to a space where we have more tools accessible to us to do it, and that again is a big challenge for this week.”
Tackling systemic challenges
For many countries, even those with the political will to invest in reducing disaster risk, systemic barriers stand in their way. These include:
Weak institutional frameworks for DRR investment planning.
Limited understanding of how DRR links to fiscal risk.
Inadequate incentives to prioritise risk reduction in capital budgeting.
DRR financing also needs to penetrate to local levels, enabling resources to reach the communities that need them most. Without fiscal devolution, even the most risk-informed national strategies will fall short in implementation.
Incentives for private sector investment
Initiatives to finance resilience must move away from reliance on public coffers.
This involves building stronger partnerships with the private sector, and cultivating greater awareness of the benefits of such investments and the dangers of neglecting them.
“We must enhance partnerships with the private sector, as it is a major source of financing that is often not guided by an understanding of disaster risks,” Kamal Kishore said.
The financial sector can play a catalytic role by developing innovative instruments, such as resilience bonds, blended finance structures, and a broad spectrum of insurance solutions. Several countries are already putting such innovations into practice:
China described its rollout of agricultural insurance, and its investment of $154 billion in property insurance.
Kiribati described its community-based insurance for drought programme providing payouts to farmers and fishers.
Norway highlighted parametric insurance schemes.
The Bahamas explained how they use their disaster-related expenditures tracking tool to map pre-disaster investments and post-disaster costs.
To mainstream such approaches, updated regulatory frameworks, disclosure standards, and fiscal incentives are needed to guide private capital toward risk reduction and embed DRR into national financial systems.
Risk-aware international finance
The global community must step up to encourage investors, both public and private, to prioritize DRR financing.
“We must rally the international community to prioritize investment in disaster risk reduction. This includes dedicating a larger portion of assistance funding to disaster risk reduction and ensuring all development funding is risk informed.”
– Kamal Kishore
Official development assistance (ODA) and climate finance must be structured and delivered accordingly. Risk-blind development projects, even when well-intentioned, can inadvertently amplify vulnerability.
Several countries at the roundtable – including Cambodia, Paraguay, and Montenegro – highlighted the importance of integrating DRR into social investment strategies, including gender-responsive financing, elderly-focused social protection, and health system resilience. Czechia called for embedding DRR funding across the humanitarian-development nexus.
“The upcoming Fourth International Conference on Financing for Development presents a critical opportunity to advance all these priorities to ensure all development is safe from disasters.”
– Kamal Kishore
The shift toward DRR financing within national budgets is technically feasible, economically wise, and morally urgent. As extreme weather events, pandemics, and conflict interact in increasingly complex ways, the costs of inaction grow exponentially.
By embedding DRR in national budgets, governments protect long-term development investments, and communities gain tools and funding for local resilience.
Additionally, the private sector becomes a co-architect of safety, increasing its stake in resilience building efforts, and international aid transitions from offering band-aids to repeated crises to providing a backbone for lasting stability.
“We must acknowledge that resilience is a long-term economic necessity, and it does have the best return on investment.”
