Source: Hong Kong Government special administrative region
CFS urges public not to consume imported prepackaged cumin powder with possible presence of ethylene oxideBrand: MIMINO
Place of origin: Georgia
Net weight: 50 grams
Best-before date: December 1, 2025
Importer: Greek Delicatessen LimitedIssued at HKT 20:45
NNNN
Source: Hong Kong Government special administrative region
CFS urges public not to consume imported prepackaged cumin powder with possible presence of ethylene oxideBrand: MIMINO
Place of origin: Georgia
Net weight: 50 grams
Best-before date: December 1, 2025
Importer: Greek Delicatessen LimitedIssued at HKT 20:45
NNNN
Source: Hong Kong Government special administrative region
CFS urges public not to consume imported prepackaged cumin powder with possible presence of ethylene oxideBrand: MIMINO
Place of origin: Georgia
Net weight: 50 grams
Best-before date: December 1, 2025
Importer: Greek Delicatessen LimitedIssued at HKT 20:45
NNNN
Source: Hong Kong Government special administrative region
CFS urges public not to consume imported prepackaged cumin powder with possible presence of ethylene oxideBrand: MIMINO
Place of origin: Georgia
Net weight: 50 grams
Best-before date: December 1, 2025
Importer: Greek Delicatessen LimitedIssued at HKT 20:45
NNNN
Source: US Bureau of Economic Analysis
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.
| Deficit: |
$71.5 Billion |
+18.7%° |
| Exports: |
$279.0 Billion |
–4.0%° |
| Imports: |
$350.5 Billion |
–0.1%° |
|
Next release: Tuesday, August 5, 2025 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025 |
||
Exports, Imports, and Balance (exhibit 1)
May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.
The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.
Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.
Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.
Exports (exhibits 3, 6, and 7)
Exports of goods decreased $11.4 billion to $180.2 billion in May.
Exports of goods on a Census basis decreased $10.8 billion.
Net balance of payments adjustments decreased $0.6 billion.
Exports of services decreased $0.2 billion to $98.8 billion in May.
Imports (exhibits 4, 6, and 8)
Imports of goods decreased $0.2 billion to $277.7 billion in May.
Imports of goods on a Census basis decreased $0.3 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services decreased $0.1 billion to $72.8 billion in May.
Real Goods in 2017 Dollars – Census Basis (exhibit 11)
The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.
Revisions
Revisions to April exports
Revisions to April imports
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).
All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.
Next release: August 5, 2025, at 8:30 a.m. EDT
U.S. International Trade in Goods and Services, June 2025
Notice
Update to BEA’s Annual International Services Tables
BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.
If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.
Source: US Bureau of Economic Analysis
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.
| Deficit: |
$71.5 Billion |
+18.7%° |
| Exports: |
$279.0 Billion |
–4.0%° |
| Imports: |
$350.5 Billion |
–0.1%° |
|
Next release: Tuesday, August 5, 2025 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025 |
||
Exports, Imports, and Balance (exhibit 1)
May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.
The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.
Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.
Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.
Exports (exhibits 3, 6, and 7)
Exports of goods decreased $11.4 billion to $180.2 billion in May.
Exports of goods on a Census basis decreased $10.8 billion.
Net balance of payments adjustments decreased $0.6 billion.
Exports of services decreased $0.2 billion to $98.8 billion in May.
Imports (exhibits 4, 6, and 8)
Imports of goods decreased $0.2 billion to $277.7 billion in May.
Imports of goods on a Census basis decreased $0.3 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services decreased $0.1 billion to $72.8 billion in May.
Real Goods in 2017 Dollars – Census Basis (exhibit 11)
The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.
Revisions
Revisions to April exports
Revisions to April imports
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).
All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.
Next release: August 5, 2025, at 8:30 a.m. EDT
U.S. International Trade in Goods and Services, June 2025
Notice
Update to BEA’s Annual International Services Tables
BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.
If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.
Source: US Bureau of Economic Analysis
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $71.5 billion in May, up $11.3 billion from $60.3 billion in April, revised.
| Deficit: |
$71.5 Billion |
+18.7%° |
| Exports: |
$279.0 Billion |
–4.0%° |
| Imports: |
$350.5 Billion |
–0.1%° |
|
Next release: Tuesday, August 5, 2025 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2025 |
||
Exports, Imports, and Balance (exhibit 1)
May exports were $279.0 billion, $11.6 billion less than April exports. May imports were $350.5 billion, $0.3 billion less than April imports.
The May increase in the goods and services deficit reflected an increase in the goods deficit of $11.2 billion to $97.5 billion and a decrease in the services surplus of $0.1 billion to $26.0 billion.
Year-to-date, the goods and services deficit increased $175.0 billion, or 50.4 percent, from the same period in 2024. Exports increased $73.6 billion or 5.5 percent. Imports increased $248.7 billion or 14.8 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit decreased $16.8 billion to $90.0 billion for the three months ending in May.
Year-over-year, the average goods and services deficit increased $18.8 billion from the three months ending in May 2024.
Exports (exhibits 3, 6, and 7)
Exports of goods decreased $11.4 billion to $180.2 billion in May.
Exports of goods on a Census basis decreased $10.8 billion.
Net balance of payments adjustments decreased $0.6 billion.
Exports of services decreased $0.2 billion to $98.8 billion in May.
Imports (exhibits 4, 6, and 8)
Imports of goods decreased $0.2 billion to $277.7 billion in May.
Imports of goods on a Census basis decreased $0.3 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services decreased $0.1 billion to $72.8 billion in May.
Real Goods in 2017 Dollars – Census Basis (exhibit 11)
The real goods deficit increased $8.1 billion, or 9.6 percent, to $92.5 billion in May, compared to a 12.3 percent increase in the nominal deficit.
Revisions
Revisions to April exports
Revisions to April imports
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The May figures show surpluses, in billions of dollars, with Netherlands ($4.8), Hong Kong ($3.6), South and Central America ($3.3), Switzerland ($3.3), United Kingdom ($3.0), Australia ($1.5), Brazil ($0.5), Saudi Arabia ($0.5), Belgium ($0.4), Singapore ($0.3), and Israel ($0.1). Deficits were recorded, in billions of dollars, with European Union ($22.5), Mexico ($17.1), Vietnam ($14.9), China ($14.0), Ireland ($11.8), Taiwan ($11.5), Germany ($6.8), Japan ($5.8), South Korea ($5.4), India ($5.1), Canada ($2.8), Italy ($2.6), Malaysia ($2.4), and France ($0.5).
All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.
Next release: August 5, 2025, at 8:30 a.m. EDT
U.S. International Trade in Goods and Services, June 2025
Notice
Update to BEA’s Annual International Services Tables
BEA’s annual international services tables—BEA’s most detailed trade in services statistics by service type and geographic area—are scheduled for release at 10:00 a.m. on July 3, 2025, for statistics through 2024. With this release, BEA is introducing “Table 2.4. U.S. Trade in Services, Expanded Geographic Detail,” which presents total services exports, imports, and balance for 237 countries and areas, 147 more than the 90 presented in tables 2.2 and 2.3, beginning with statistics for 2018.
If you have questions or need additional information, please contact BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.
Source: APO
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $50 million Trade Finance Transaction Guarantee facility to support to trade finance activities of Awash Bank S.C. (Awash) (https://apo-opa.co/44ecHyL), in Ethiopia.
This facility will enable the Bank to provide a guarantee of up to 100 percent to confirming banks for the non-payment risk arising from the confirmation of Letters of Credit and similar trade finance instruments issued by Awash. The facility will provide much needed import trade finance requirements to Small and Medium Sized Enterprises (SMEs) and local corporates in Ethiopia. It will also support intra-Africa trade, thus directly contributing to the successful implementation of the African Continental Free Trade Area (AfCFTA) (https://apo-opa.co/44J2Sc1) agenda.
Following the approval, African Development Bank Head of Trade Finance, Lamin Drammeh said: “Supporting Trade in Africa is a key priority at the African Development Bank. Trade finance is an important driver of economic growth and is critical for cross-border trade, particularly in emerging markets. We are delighted to work with Awash, a strong partner with extensive knowledge and network in Ethiopia, on a shared ambition to support the region’s Trade.”
Commenting on the approval, Tsehay Shiferaw, CEO of Awash Bank S.C., said: “The Trade Finance Transaction Guarantee facility approved to our bank by the African Development Bank will ease the burden of arranging cash collateral with banks, thereby improving our liquidity and enabling us to support more trade customers.” He added: “The facility will enhance our trade relationships with other International and African confirming banks.
Awash looks forward to further strengthening its partnership and benefiting more from the resources and extensive capabilities of the African Development Bank and its partners, Shiferaw said.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Contact:
Amba Mpoke-Bigg
Communication and External Relations Department
email: a.mpoke-bigg@afdb.org
Technical Contact:
Bernard Muhati
b.muhati@afdb.org
About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states.
For more information: www.AfDB.org
Source: GlobeNewswire (MIL-OSI)
Carshalton, UK, July 03, 2025 (GLOBE NEWSWIRE) — Founded in 2019, PBK Miner, a UK cloud mining platform, announced the successful completion of its Series B financing, receiving $80 million to support the integration of artificial intelligence technology into its cloud mining business. This round of financing was participated by several investment institutions with expertise in the fields of blockchain and sustainable technology.
PBKMiner said the newly raised funds will be used to enhance its global network of renewable energy data centers and develop artificial intelligence mining systems designed to improve operational efficiency. These systems are designed to dynamically manage computing resources, predict optimal mining intervals, and reduce overall energy consumption, thereby increasing block verification success rates and operational stability.
PBKMiner currently operates more than 100 data centers in multiple countries. These facilities are powered by renewable energy such as wind and solar, in line with the company’s environmentally sustainable mining strategy. The platform reportedly serves 8.5 million users in 183+ countries and regions.
Cloud Mining Overview
Cloud mining allows users to access cryptocurrency mining capabilities by renting computing power from a service provider, without having to purchase and maintain physical hardware. This model provides an alternative to traditional mining, which usually requires significant capital investment and technical expertise.
Newbie-friendly: No technical skills required. New users get an instant $10 sign-up bonus.
In the fast-moving world of cryptocurrency, ease of use and sustainable profitability are essential. PBKMiner’s cloud mining service is an attractive option for beginners looking for a reliable source of passive income.
PBKMiner supports a variety of digital assets, including BTC, ETH, DOGE, USDT, USDC, LTC, XRP, SOL and BCH, etc. The mining business is fully managed by PBKMiner, including hardware maintenance and infrastructure operations.
Integration of artificial intelligence
PBKMiner integrates artificial intelligence into the cloud mining framework, aiming to optimize resource allocation and performance in real time. This approach is expected to reduce electricity consumption in renewable energy centers and increase system responsiveness.
The company has said it plans to expand its green data center footprint in Europe, North America, and Asia. The centers are expected to use wind and hydroelectric power to provide low-cost and sustainable mining capacity.
PBKMiner now offers flexible smart cloud mining plans:
These performance figures are not speculation, but are based on real usage data from millions of users. This is due to PBKMiner’s AI-driven profit optimization engine and result-oriented cloud mining model.
One of the most attractive aspects of AI cloud mining plans is the ultra-low investment threshold and flexible contract period. For example, a 2-day cloud mining strategy starts at only $100.
How to start AI cloud mining with PBKMiner
1.Register: Sign up now and get a $10 welcome bonus, plus a $0.60 daily login bonus.
About PBKMiner
Founded in 2019, PBKMiner represents a new generation of AI-driven cloud mining technology, based on data, performance, and trust. The platform supports cloud mining of XRP, BTC, ETH, LTC, DOGE, and SOL. With a rapidly growing global user base, PBKMiner will stand out as one of the most promising cryptocurrency investment opportunities in 2025, especially for investors who seek sustainable long-term returns rather than speculative gains.
For full details and participation options please visit: https://pbkminer.com
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Media Contact:
Alison Evans
PBK Miner
info@pbkminer.com
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Source: GlobeNewswire (MIL-OSI)
Hall Scores First Pro Stock Motorcycle Win in Nearly 12 Years
Nashville, TN, July 03, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB), the unapologetically patriotic lifestyle brand behind America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer (americanrebelbeer.com), proudly congratulates John Hall on his exhilarating Pro Stock Motorcycle win on his American Rebel Buell at the 19th annual Summit Racing Equipment NHRA Nationals in Norwalk, Ohio.
Hall’s return to the winner’s circle after nearly 12 long years was nothing short of legendary. Piloting the American Rebel Motorcycle and burning red, white, and blue down the track, he gave fans across the nation a reason to cheer – and another reason to crack open an ice-cold American Rebel Light Beer in celebration.
“It’s special because you never know if you’re going to get another one. I won twice in 2013, including the U.S. Nationals,” said John Hall. “You know, 12 years goes by and you just realize how hard it is to get one of these.”
John got the job done in the finals on Sunday in Norwalk, chasing down Richard Gadson with a run of 6.880 at 196.67 mph. Gadson left first with a standout .021 reaction time, but Hall had enough power to slip by at the finish line, recording his first victory since the U.S. Nationals at Indianapolis in 2013.
“As we head into the Fourth of July weekend, John’s victory couldn’t have come at a more perfect time,” said Andy Ross, CEO of American Rebel. “He represents the heart of our brand – not just in victory lane, but also through his dedication to distribution in Connecticut at Dichello Distributors (dichello.com). We’re proud to be the primary sponsor of John’s motorcycle this season. He’s a key member of our extended family, and we’re proud to celebrate his success alongside America’s birthday.”
John Hall is President of Dichello Distributors, the distributor for American Rebel Light for 4 counties in Connecticut. Dichello was one of the early distributors to sign a distribution agreement with American Rebel Light (“Rebel Light”) and Dichello’s Connecticut territory is the top per capita sales territory for Rebel Light.
From Nashville to Norwalk and beyond, the American Rebel lifestyle roars loudest when freedom meets fuel, and John Hall’s win embodies that spirit with full throttle glory. This holiday weekend, raise your glass, wave your flag, and salute a true champion.
About American Rebel Light Beer
American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.
Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).
American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.
For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.
For more information, visit americanrebelbeer.com.
About American Rebel Holdings, Inc.
American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.
Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story
Media Inquiries:
Matt Sheldon
Matt@Precisionpr.co
917-280-7329
American Rebel Holdings, Inc.
info@americanrebel.com
ir@americanrebel.com
American Rebel Beverages, LLC
Todd Porter, President
tporter@americanrebelbeer.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
Attachment
Source: Reserve Bank of India
|
The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had failed to:
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank. (Puneet Pancholy) Press Release: 2025-2026/646 |
Source: Reserve Bank of India
|
The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had failed to:
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank. (Puneet Pancholy) Press Release: 2025-2026/646 |
Source: Reserve Bank of India
|
The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had failed to:
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank. (Puneet Pancholy) Press Release: 2025-2026/646 |
Source: Reserve Bank of India
|
The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Shree Chhani Nagarik Sahakari Bank Limited, Vadodara, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’, ‘Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions’, ‘Basic Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs)’ and ‘Comprehensive Cyber Security Framework for Primary (Urban) Cooperative Banks (UCBs) – A Graded Approach’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The statutory inspection of the bank was conducted by the RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty: The bank had failed to:
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank. (Puneet Pancholy) Press Release: 2025-2026/646 |
Source: Reserve Bank of India
The Reserve Bank of India (RBl) has, by an order dated June 30, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on District Central Co-operative Bank Ltd., Durg, Chhattisgarh (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
The statutory inspection of the bank was conducted by the National Bank for Agriculture and Rural Development (NABARD), with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, oral submissions made during the personal hearing and additional submissions made by it, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:
The bank:
i) (a) did not upload the KYC records of certain customers onto Central KYC Records Registry (CKYCR) within the prescribed timeline,
(b) did not carry out periodic updation of KYC of certain customers as per the prescribed periodicity; and
ii) allotted multiple customer identification codes to certain individual customers, instead of a Unique Customer Identification Code (UCIC) for each individual customer.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.
(Puneet Pancholy)
Chief General Manager
Press Release: 2025-2026/647
Source: GlobeNewswire (MIL-OSI)
San Francisco, USA, July 03, 2025 (GLOBE NEWSWIRE) — The Global AI Chip Market is undergoing a seismic transformation as artificial intelligence continues to redefine how businesses operate, devices interact, and societies function. With a projected market value of USD 229,083.24 million by 2032 and a robust compound annual growth rate (CAGR) of 20.49%, this sector stands at the intersection of deep tech and digital transformation.
At the heart of this momentum is a growing demand for purpose-built processing units capable of handling the high complexity of AI workloads. Traditional CPUs, once the backbone of computing, are being outpaced by AI chips such as GPUs, ASICs, FPGAs, and NPUs—designed to deliver faster computation, lower latency, and greater energy efficiency. These chips are now indispensable across sectors—from autonomous driving and industrial automation to smart consumer devices and medical diagnostics. The market’s evolution is not just driven by technological necessity but also by strategic shifts. Governments and enterprises alike are pouring resources into building resilient AI infrastructure, with the AI chip serving as the core enabler of scalable, real-time intelligence. As AI moves from concept to implementation across industries, the demand for high-performance computing is accelerating, and so is the AI chip ecosystem.
Get a Sample Report of AI chip market @ https://www.analystviewmarketinsights.com/request_sample/AV4081
Technology at the Core: What Makes AI Chips Different?
AI chips are not just faster processors—they are purpose-engineered to manage billions of computations per second across neural networks. These tasks include matrix multiplications, data vectorization, and parallel execution, which are essential for AI functions like deep learning, natural language processing (NLP), and computer vision.
Unlike general-purpose CPUs, AI chips can execute these complex operations with higher efficiency, enabling near-instant responses in applications such as voice assistants, facial recognition, and real-time translation. For cloud computing platforms and edge devices, these chips provide the processing muscle required for AI algorithms to function seamlessly at scale.
Key Drivers Behind Market Growth
MARKET KEY PLAYERS:
Market Challenges: Risks Alongside Opportunities
Despite its bullish outlook, the AI chip market faces several critical challenges:
TABLE OF CONTENT
1. AI Chip Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. AI Chip Market Snippet by Product Type
2.1.2. AI Chip Market Snippet by Technology
2.1.3. AI Chip Market Snippet by Application
2.1.4. AI Chip Market Snippet by Function
2.1.5. AI Chip Market Snippet by End User
2.1.6. AI Chip Market Snippet by Country
2.1.7. AI Chip Market Snippet by Region
2.2. Competitive Insights
3. AI Chip Key Market Trends
3.1. AI Chip Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. AI Chip Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. AI Chip Market Opportunities
3.4. AI Chip Market Future Trends
4. AI Chip Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis ….
Regional Outlook: Asia-Pacific Leads the Way
The Asia-Pacific region dominates the global AI chip market and is projected to maintain its lead throughout the forecast period. Countries like China, South Korea, Taiwan, and Japan are investing heavily in AI education, R&D, and semiconductor infrastructure. The region also benefits from a strong electronics manufacturing ecosystem and rising demand for AI-enabled consumer and industrial products.
North America, home to major AI and semiconductor companies, remains a critical hub for innovation. The region sees significant investment in cloud data centers, autonomous driving, and AI-driven healthcare systems.
Europe is focusing on building ethically aligned and sustainable AI ecosystems. With a strong emphasis on regulations and cross-border collaboration, the region is shaping a trustworthy AI framework—favorable for long-term growth.
Competitive Landscape: Innovation Fuels Competition
The AI chip market is fiercely competitive, marked by rapid innovation, M&A activity, and strategic partnerships. Key players include:
Companies are steadily shifting to hybrid infrastructures that blend cloud and edge computing, emphasizing energy-efficient, scalable architectures seamlessly integrated with AI software ecosystems.
The industry presents a high-growth opportunity driven by surging demand for hybrid AI infrastructure. Investors should focus on companies innovating in energy-efficient AI chipsets optimized for edge-cloud synergy. Priority targets include firms with robust AI software stack partnerships and IP portfolios in low-power, high-performance chips—especially in sectors like automotive, industrial automation, and next-gen robotics.
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Source: International Monetary Fund
International Monetary Fund. Asia and Pacific Dept “Sri Lanka: Fourth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Waiver of Applicability of Performance Criteria, Modification of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Sri Lanka”, IMF Staff Country Reports 2025, 162 (2025), accessed July 3, 2025, https://doi.org/10.5089/9798229016360.002
Source: Government of India
Source: Government of India (4)
The Organisation for the Prohibition of Chemical Weapons (OPCW), in collaboration with India’s National Authority Chemical Weapons Convention (NACWC), convened the 23rd Regional Meeting of National Authorities of States Parties in Asia from July 1 to 3, at Vanijya Bhawan, New Delhi. The meeting brought together senior officials from OPCW, international delegates from across Asia, and representatives from India’s Ministry of External Affairs and Cabinet Secretariat.
This regional meeting is part of the OPCW’s ongoing efforts to support the effective implementation of the Chemical Weapons Convention (CWC), which came into force in 1997. With 193 member states, the OPCW is the global authority overseeing the verifiable and permanent elimination of chemical weapons. The organisation was awarded the Nobel Peace Prize in 2013 for its commitment to global chemical disarmament.
India, an original signatory to the Convention, has played a significant role in furthering its objectives. The NACWC, the national body responsible for implementing the CWC in India, recently mentored Kenya’s National Authority under the OPCW’s Mentorship/Partnership Programme, aimed at enhancing implementation capacities worldwide.
The Indian Chemical Council (ICC), the country’s oldest chemical industry association, also received international recognition for its work in promoting chemical safety and compliance. In 2024, ICC was awarded the OPCW-The Hague Award, marking the first time a chemical industry body anywhere in the world received this honour. The award acknowledged ICC’s contributions to advancing the goals of the Convention and improving industry-wide safety and security practices in India.
This year’s regional meeting in New Delhi served as a platform for 38 delegates from 24 Asian countries — including Australia, Bangladesh, Bhutan, China, Japan, the Republic of Korea, Singapore, and the United Arab Emirates, among others — to share experiences, discuss national implementation challenges, and exchange best practices. The discussions addressed key topics such as legislative frameworks, chemical safety and security, the role of industry stakeholders, and the emerging use of Artificial Intelligence in chemical monitoring and compliance.
Source: Government of India
Source: Government of India (4)
The Central government will convene an all-party meeting on July 19, ahead of the Monsoon Session 2025, said Union Parliamentary Affairs Minister Kiren Rijiju on Thursday.
Rijiju said, “The central government called an all-party meeting on July 19 regarding the monsoon session of Parliament. The monsoon session of Parliament is starting from July 21 and will run till August 21.”
The Monsoon Session of Parliament will be held from July 21 to August 21. There will be no Parliament sittings on August 13 and 14 due to Independence Day celebrations.
Earlier in a post on X, Union Minister Kiren Rijiju wrote, “The Hon’ble President of India has approved the proposal of the Government to convene the Monsoon Session of Parliament from 21st July to 21st August, 2025. In view of the Independence Day celebrations, there will be no sittings on the 13th and 14th of August.”
This comes amid the demand by Opposition leaders to convene a special session of Parliament upon the arrival of all-party delegations to discuss various issues, especially the developments that followed the ghastly Pahalgam terrorist attack.
The upcoming Monsoon session will be the first Parliament session following Operation Sindoor, which was launched by India on May 7 in response to a terror attack in Jammu and Kashmir’s Pahalgam, which claimed 26 lives.
The Budget session of Parliament began on January 31 this year. The Budget Session saw the passage of significant legislation, including Waqf Amendment Bill.
Rijiju held a press conference after the end of the Budget Session, informing that the first part of the Budget Session yielded a total of 9 sittings of Lok Sabha and Rajya Sabha. In the second part of the Session, there were 17 sittings of both Houses. During the entire Budget Session, in total, there were 26 sittings.
During the second part of the Session, Demands for Grants of individual Ministries of Railways, Jal Shakti and Agriculture & Farmers Welfare were discussed and voted in Lok Sabha. In the end the Demands for Grants of the remaining Ministries/ Departments were put to the Vote of the House on Friday, the 21st of March, 2025. The related Appropriation Bill was also introduced, considered and passed by Lok Sabha on 21.03.2025 itself.
Appropriation Bills relating to Second and Final Batch of Supplementary Demands for Grants for the year 2024-25; Excess Demands for Grants for the year 2021-22 and Supplementary Demands for Grants of Manipur for the year 2024-25 and Demands for Grant on Account for the year 2025-26 in respect of the State of Manipur were also passed on 11.03.2025 in Lok Sabha.
The Finance Bill, 2025 was passed by Lok Sabha on March 25.
In the Rajya Sabha the working of the Ministries of Education, Railways, Health & Family Welfare and Home Affairs were discussed.
(ANI)
Source: Government of India
Source: Government of India (4)
The global narrative of poverty reduction has an Indian imprint in the latest data releases. The decline in poverty, confirmed by a confluence of national and international assessments, is a significant landmark on India’s developmental journey. Reduced poverty means more empowered citizens, a factor that reflects the dynamic interplay of sustained economic growth, year after year, focusing on meticulously targeted welfare architecture.
Even as global goals on poverty estimation shift—evidenced by the World Bank’s recent adoption of a stricter poverty threshold—India’s performance remains a hope—a journey of encouragement—on its path to become a developed country by 2047.
Data tells its story. According to a discussion paper from NITI Aayog, a staggering 24.82 crore people, a quarter of a billion souls, escaped the clutches of multidimensional poverty in the nine years between 2013-14 and 2022-23 alone. 29.17% of India was multidimensionally poor in 2013-14, which was reduced to 11.28% in 2022-23.
Measurement of multidimensional poverty based on the Multidimensional Poverty Index (MPI) is a more holistic metric developed by the UNDP and the University of Oxford in 2010. This index, as its name suggests, measures poverty across multiple, overlapping dimensions—health, education, and living standards—offering a granular, non-monetary picture of deprivation at the household level.
The largest declines in multidimensional poverty were registered in some of the nation’s most populous states, with Uttar Pradesh leading the charge by liberating 5.94 crore people, followed by Bihar (3.77 crore), Madhya Pradesh (2.30 crore), and Rajasthan (1.87 crore).
This exodus, on the path of empowerment, is corroborated by the World Bank’s “Spring 2025 Poverty and Equity Brief,” which notes the lifting of 17.1 crore people from extreme poverty in the country. Going by the old poverty rate of USD 2.15 per person per day, India’s population had 16.2% extremely poor people, living on less than USD 2.15 a day in 2011-12. It fell significantly to 2.3% in 2022-23.
The World Bank assessment notes that these populous states, which accounted for 65% of India’s extreme poor in 2011-12, were responsible for an astonishing two-thirds of the overall national poverty decline by 2022-23. The progress has permeated both rural and urban landscapes with equal force. Rural poverty saw a dramatic fall from 18.4% to just 2.8% between 2011-12 and 2022-23, while urban poverty in the same period dwindled from 10.7% to a mere 1.1%.
Consider the impact of the World Bank’s recalibrated international poverty line to USD 3 per person per day (in 2021 Purchasing Power Parity, released in May 2024) from USD 2.15. While this statistical adjustment instantly swelled the ranks of the world’s extreme poor, fresh household-consumption data from India reveals a story of remarkable resilience of the country. The recalibration should have added 22.6 crore people worldwide to its extreme-poverty count, but the real addition was just 12.5 crore, thanks to India’s positive indicators and reduced numbers.
Updated consumption data and changed survey methods to its poverty indicators and headcount ratio reflect that India is doing extremely well on meeting positive indicators to reduce poverty. According to the new international poverty line, the percentage of extremely poor people in India rose from 16.2% (or 20.59 crore people) in 2011-12 to 27.12% (or 34.47 crore people).
The latest data shows a significant decline in these numbers, corroborating India’s growth story. Under the new line—poverty fell drastically, from 27.12% in 2011-12 to 5.25% in 2022-23. In absolute terms, the headcount dropped from 34.45 crore to 7.52 crore over the same period—a striking decline that underscores India’s continuing progress—of addressing needs of the most vulnerable strata of the society.
Also, according to the NITI Aayog’s discussion paper, between 2005-06 and 2015-16, the annual rate of decline was 7.69%. However, in the subsequent period from 2015-16 to 2019-21, this rate surged to an impressive 10.66% annually. This acceleration puts India firmly on track to achieve the Sustainable Development Goal of halving multidimensional poverty well before the 2030 deadline.
Furthermore, as India navigates evolving global benchmarks, its progress holds firm. If we go by the previous poverty rates, at the lower-middle-income poverty line of USD 3.65 per day, the poverty rate was more than halved in the country, dropping from 61.8% to 28.1% over the decade from 2011-12 to 2022-23. This suggests that millions (37.8 crore people in absolute numbers) are not just crossing the threshold of extreme poverty but are continuing on an upward trajectory.
Perhaps most tellingly, this growth has not come at the expense of equality. The Gini Index, a standard measure of income and consumption-based inequality, actually declined from 28.8% in 2011-12 to 25.5% in 2022-23, indicating that the fruits of economic expansion are being distributed more broadly than before. India’s journey is a powerful demonstration that rapid, large-scale poverty reduction is an achievable reality, providing a solid foundation upon which the aspirations of a developed nation can be confidently built.
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
URUMQI, July 3 (Xinhua) — The total number of trains running on China-Europe/Central Asia international freight railway routes and passing through the Horgos railway border crossing in northwest China’s Xinjiang Uygur Autonomous Region since the beginning of 2025 exceeded 5,000 on Wednesday, 42 days earlier than last year.
The fact that on the same day a freight train carrying electronics, household items and other goods departed for Malaszewicze /Poland/ through this checkpoint testified to this event.
According to the data, since the beginning of this year, the number of freight trains passing through the Khorgos checkpoint on the China-Europe and China-Central Asia routes has continued to grow. At the same time, on average, more than 27 trains and over 7 million tons of cargo passed through it daily, which is 20 percent more year-on-year.
To date, more than 47,000 freight trains have passed through the Khorgos checkpoint on the China-Europe and China-Central Asia routes. This border crossing handles 87 corresponding freight routes covering 18 countries. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, July 3 (Xinhua) — The Silk Road served as a channel for trade and economic interaction between the East and West, and currently China-Europe freight trains provide uninterrupted freight traffic on the Eurasian continent.
On June 10 this year, China-Europe freight train 75052 departed from Jiaozhou Station in Qingdao City, Shandong Province, East China.
Thus, the total number of China-Europe freight train departures has exceeded 110,000, and the value of the cargo they transported has exceeded 450 billion US dollars. For 61 consecutive months, the monthly number of trips has consistently exceeded a thousand.
If two thousand years ago camel caravans paved the Silk Road, today the “steel dragon” rushes along the golden transport corridor Asia-Europe, demonstrating the dynamics of openness. China-Europe freight trains are becoming a stable driver of high-quality development.
INCREASING INTENSITY
Between 2016 and 2024, the annual number of China-Europe freight train departures increased from 1,702 to 19,000, and the value of goods carried increased from an average of US$8 billion to US$66.4 billion.
Three established route lines, namely western, central and eastern, already pass through China. China-Europe train services have been launched in 128 cities in China, and the number of regular routes on a fixed schedule, which start from the coastal ports of Dalian, Tianjin, Qingdao, Lianyungang and other harbors, has reached 28.
Outside China, the diversified development of this transport channel is facilitated by the countries located along its routes. In particular, trains reach 229 cities in 26 European countries and more than 100 cities in 11 Asian countries.
In the western direction, new routes were opened in the framework of international rail-sea combined transportation through the Baltic, Caspian and Black Seas. In the eastern direction, uninterrupted connections were ensured with the new international land-sea trade corridor, the golden waterway of the Yangtze River and seaports, which created new transport corridors in the framework of multimodal rail-sea transportation between East Asia, Southeast Asia and Europe.
INCREASING EFFICIENCY
Freight train 75052, which departed on June 10, carried LCD displays, refrigerators and other household appliances. Over the past 10 years, there has been an evolution of product names: from clothing and footwear to the “new three” (electric vehicles, lithium batteries, solar panels), household appliances and high-tech equipment.
The growing diversity and cost of cargo require increased transportation efficiency. In recent years, given the specifics of transportation organization, the maximum number of cars in one China-Europe train running at 120 km/h has been increased to 55, and the maximum gross train weight to 3,000 tons. Close cooperation with customs authorities has made it possible to optimize the accelerated customs clearance scheme for trains, reducing customs clearance time from half a day to less than 30 minutes, with the fastest clearance taking only a few minutes.
China Railway Container Transport (CRCT) has set up subsidiaries in Kazakhstan, Germany and other countries, deepening cooperation with local railway authorities and logistics companies to develop bilateral cargo flows.
DEEPENING INTEGRATION
Thanks to the new logistics corridors opened by China-Europe freight trains for the interior regions of Asia and Europe, the countries along the route are actively integrating into the open world economy. Spanish wine, Dutch cheese, Thai durian, Laotian bananas have become everyday goods for the Chinese. Electronics, electric cars and everyday goods from China reach Europe faster and at more attractive prices.
The rise of industry and the development of China-Europe freight trains go hand in hand. For example, the Ereenhot checkpoint in the Inner Mongolia Autonomous Region is currently accelerating the transformation of a transit economy into an industrial economy. It has formed a cross-border logistics network that attracts industrial clusters in the production of auto parts, woodworking, etc.
“China-Europe freight trains with high efficiency, stability and environmental friendliness are changing the architecture of regional economies,” said Li Tiegan, a professor at Shandong University.
The ‘steel camels’ demonstrate China’s commitment to building an open global economy and promoting common prosperity. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, July 3 (Xinhua) — A China-Kyrgyzstan-Uzbekistan international multimodal freight train departed from Changsha International Railway Port Station in central China’s Hunan Province on Wednesday. It is the first full-length international train in Changsha operating under the multimodal transportation model (railway-road transport) approved by the General Administration of Customs of the People’s Republic of China.
As reported by the Zhongxinshe news agency, the departure of this train opened a new logistics corridor between Hunan Province and the countries of Central Asia, including all of Kyrgyzstan and Uzbekistan.
This has created a shorter, faster and more cost-effective westward route for businesses in Hunan and the surrounding areas. In addition, the train has facilitated flexible distribution across multiple routes, expanding supplies to markets such as West Asia, South Asia, the Middle East and Southern Europe.
According to the person in charge of the platform running the train, through this new channel, products from Hunan Province can be delivered to customers in Central Asian countries in a shorter time, and the cost of transportation and insurance can be reduced by 30 percent. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, July 3 (Xinhua) — China firmly opposes any country making trade deals that harm Chinese interests, Commerce Ministry spokesperson He Yongqian said Thursday.
He Yongqian made the remarks in response to a media question regarding the trade deal between the United States and Vietnam, saying China has taken note of the relevant information and is assessing the developments.
She said the US’s imposition of so-called “reciprocal tariffs” on its trading partners was a typical act of unilateral bullying, which China has consistently opposed.
He Yongqian added that China supports other countries’ efforts to resolve trade disputes with the United States through consultations on an equal basis, but firmly opposes any country making deals that harm China’s interests.
“If such a situation arises, China will take decisive countermeasures to protect its legitimate rights and interests,” she said. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BANGKOK, July 3 (Xinhua) — Thailand’s King Maha Vajiralongkorn swore in a new government on Thursday after approving the cabinet lineup earlier this week.
Deputy Prime Minister Surya Jungrungreangkit, acting prime minister, led a group of 14 newly appointed and reappointed ministers in swearing allegiance to the king, a mandatory formality before taking office.
Prime Minister Phetongthan Shinawatra, suspended as head of government by the Constitutional Court pending an ethics investigation, attended the ceremony after being appointed culture minister.
A group of 36 senators last month petitioned the court to remove Phetongthan Shinawatra from office, accusing her of serious ethical violations related to the leak of a recording of a phone call about border issues with Cambodia.
Surya Jungrungreangkit will hold a special cabinet meeting later today to assign tasks and responsibilities to deputy prime ministers and ministers, the Thai government said. –0–
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
SEOUL, July 3 (Xinhua) — South Korea’s parliament on Thursday approved Kim Min-suk’s candidacy for the post of prime minister.
The proposal to appoint Kim Min-seok, a lawmaker from the ruling Toburo Democratic Party, was approved by 173 votes in favor, three against and three abstentions.
Of the 300 members of the National Assembly, controlled by the ruling party, lawmakers from the conservative opposition Civil Power Party refused to vote on the issue, calling on Kim Min-suk to step down voluntarily.
Kim Min-suk was appointed prime minister on June 4 after President Lee Jae-myung was sworn in. –0–
Source: Hong Kong Government special administrative region
Following is the keynote speech by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan, at the Hong Kong Exchanges and Clearing Limited (HKEX)’s Integrated Fund Platform Order Routing Service Launch Ceremony today (July 3):
Bonnie (Chief Executive Officer of the HKEX, Ms Bonnie Chan), distinguished guests, ladies and gentlemen,
It is my great pleasure to join you all today at the Launch Ceremony of the Order Routing Service under the Integrated Fund Platform operated by the HKEX.
Digital infrastructure is key to the operation and development of the modern-day capital market. Today’s launch ceremony signifies a solid step in the construction of a market-wide infrastructure for our fund management industry leveraging the advancement in technology.
For the first six months of this year – 2025, the Hong Kong stock market’s daily turnover reached HK$240 billion on average, up 118 per cent year on year. We also saw 44 IPOs (initial public offerings) raising a total of HK$107 billion, surpassing the annual figure of 2024 by 22 per cent and assuming a leading position in the world’s IPO fund raised during the same period this year.
Fund flows in the collective investment scheme and asset management space are equally active. As of end-March 2025, for Hong Kong-domiciled funds, an overall net inflow of about HK$343 billion was recorded over the past 12 months, representing an increase of 285 per cent year on year. The AUM (assets under management) surged by close to 40 per cent, and the number of licensed corporations providing asset management services rose by about 5 per cent.
As our capital market continues to grow in depth and breadth, we need to maintain the robustness and nimbleness of our backbone infrastructure to keep up with the demand and cater for future development. Legislative framework and regulatory regimes also have to be refreshed from time to time in order to bring out the growth potential in the marketplace and remove bottlenecks and inefficiencies that may exist.
For example, to enrich the suite of products that can be made available to the market, the Government has amended the Securities and Futures Ordinance and enacted a new piece of legislation to introduce the open-ended fund company or OFC and limited partnership fund or LPF regimes to enable funds to set up in company and limited partnership forms. The diversified fund structures have been well received. As of the end of May this year, over 560 OFCs have been set up, and nearly 1 150 LPFs have been established in Hong Kong.
In addition, we keep enhancing our connectivity with the Mainland market. For example, since the launch of the Cross-boundary Wealth Management Connect (WMC) 2.0 in the Guangdong-Hong Kong-Macao Greater Bay Area in February 2024 which, among other enhancement measures, allowed the investment quota per investor to go up to RMB3 million, there has been a significant increase in the number of investors and amount of cross-boundary fund remittances. As of end-May 2025, some 158 000 individual investors participated in the WMC. Cross-boundary fund remittances amounted to over RMB115 billion, around seven times increase compared with WMC 1.0.
We are also expanding our international network. Two ETFs (exchange-traded funds) tracking Hong Kong indices were listed on the Saudi Exchange last year. In May this year, we saw Asia’s first investment-grade sukuk ETF listing in Hong Kong, as well as a new Mutual Recognition of Funds arrangement reached with Ireland.
All these market development initiatives are going hand in hand with the upgrading of our financial market infrastructure. The HKSAR (Hong Kong Special Administrative Region) Government has been working with parties concerned to establish paperless, straight-through and one-stop integrated digital platforms for the provision of financial services, taking advantage of fintech developments and the rise of blockchain and AI. The goal is to increase efficiency and lower costs. As a key market operator, the HKEX has an important role to play in this, and we are very pleased to have the HKEX’s active participation and partnership in this journey.
The implementation of an uncertificated securities market in Hong Kong, for example, will be a significant step towards modernising our securities market. It will allow individual investors to own securities in their names without a paper certificate and manage transactions through a digitalised platform. The Government, in collaboration with the Securities and Futures Commission and the HKEX, has completed all the relevant legislative work this year, with a view to launching the regime in the first half of 2026 following market preparations.
Moving from securities to funds, I am glad to note that the first phase of the Integrated Fund Platform, the Fund Repository, has received positive responses for its comprehensive coverage and ease of use. I am also very pleased to note that the second phase of the Platform, the Order Routing Service launched today, has attracted the participation of major banks, transfer agents, brokers and fund houses. Leveraging the Communications Network developed jointly with the Shenzhen Stock Exchange, the Order Routing Service provides end-to-end transmission of subscription and redemption orders among fund distributors and transfer agents. I understand that development work on additional functionalities in the next phase, including nominee services and facilitation of payment and settlement, is under way.
The development of an efficient and vibrant fund distribution ecosystem will drive market efficiency and lower transaction costs. This would in turn benefit end-investors and help realise our vision as the world’s top asset management hub and strengthening our status as an international financial centre. I congratulate the HKEX and its partner organisations on reaching this milestone and look forward to the full operation of a one-stop Platform encompassing the entire functionalities taking heed of user experience and stakeholder feedback. Thank you.
Source: Hong Kong Government special administrative region
Following is the keynote speech by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan, at the Hong Kong Exchanges and Clearing Limited (HKEX)’s Integrated Fund Platform Order Routing Service Launch Ceremony today (July 3):
Bonnie (Chief Executive Officer of the HKEX, Ms Bonnie Chan), distinguished guests, ladies and gentlemen,
It is my great pleasure to join you all today at the Launch Ceremony of the Order Routing Service under the Integrated Fund Platform operated by the HKEX.
Digital infrastructure is key to the operation and development of the modern-day capital market. Today’s launch ceremony signifies a solid step in the construction of a market-wide infrastructure for our fund management industry leveraging the advancement in technology.
For the first six months of this year – 2025, the Hong Kong stock market’s daily turnover reached HK$240 billion on average, up 118 per cent year on year. We also saw 44 IPOs (initial public offerings) raising a total of HK$107 billion, surpassing the annual figure of 2024 by 22 per cent and assuming a leading position in the world’s IPO fund raised during the same period this year.
Fund flows in the collective investment scheme and asset management space are equally active. As of end-March 2025, for Hong Kong-domiciled funds, an overall net inflow of about HK$343 billion was recorded over the past 12 months, representing an increase of 285 per cent year on year. The AUM (assets under management) surged by close to 40 per cent, and the number of licensed corporations providing asset management services rose by about 5 per cent.
As our capital market continues to grow in depth and breadth, we need to maintain the robustness and nimbleness of our backbone infrastructure to keep up with the demand and cater for future development. Legislative framework and regulatory regimes also have to be refreshed from time to time in order to bring out the growth potential in the marketplace and remove bottlenecks and inefficiencies that may exist.
For example, to enrich the suite of products that can be made available to the market, the Government has amended the Securities and Futures Ordinance and enacted a new piece of legislation to introduce the open-ended fund company or OFC and limited partnership fund or LPF regimes to enable funds to set up in company and limited partnership forms. The diversified fund structures have been well received. As of the end of May this year, over 560 OFCs have been set up, and nearly 1 150 LPFs have been established in Hong Kong.
In addition, we keep enhancing our connectivity with the Mainland market. For example, since the launch of the Cross-boundary Wealth Management Connect (WMC) 2.0 in the Guangdong-Hong Kong-Macao Greater Bay Area in February 2024 which, among other enhancement measures, allowed the investment quota per investor to go up to RMB3 million, there has been a significant increase in the number of investors and amount of cross-boundary fund remittances. As of end-May 2025, some 158 000 individual investors participated in the WMC. Cross-boundary fund remittances amounted to over RMB115 billion, around seven times increase compared with WMC 1.0.
We are also expanding our international network. Two ETFs (exchange-traded funds) tracking Hong Kong indices were listed on the Saudi Exchange last year. In May this year, we saw Asia’s first investment-grade sukuk ETF listing in Hong Kong, as well as a new Mutual Recognition of Funds arrangement reached with Ireland.
All these market development initiatives are going hand in hand with the upgrading of our financial market infrastructure. The HKSAR (Hong Kong Special Administrative Region) Government has been working with parties concerned to establish paperless, straight-through and one-stop integrated digital platforms for the provision of financial services, taking advantage of fintech developments and the rise of blockchain and AI. The goal is to increase efficiency and lower costs. As a key market operator, the HKEX has an important role to play in this, and we are very pleased to have the HKEX’s active participation and partnership in this journey.
The implementation of an uncertificated securities market in Hong Kong, for example, will be a significant step towards modernising our securities market. It will allow individual investors to own securities in their names without a paper certificate and manage transactions through a digitalised platform. The Government, in collaboration with the Securities and Futures Commission and the HKEX, has completed all the relevant legislative work this year, with a view to launching the regime in the first half of 2026 following market preparations.
Moving from securities to funds, I am glad to note that the first phase of the Integrated Fund Platform, the Fund Repository, has received positive responses for its comprehensive coverage and ease of use. I am also very pleased to note that the second phase of the Platform, the Order Routing Service launched today, has attracted the participation of major banks, transfer agents, brokers and fund houses. Leveraging the Communications Network developed jointly with the Shenzhen Stock Exchange, the Order Routing Service provides end-to-end transmission of subscription and redemption orders among fund distributors and transfer agents. I understand that development work on additional functionalities in the next phase, including nominee services and facilitation of payment and settlement, is under way.
The development of an efficient and vibrant fund distribution ecosystem will drive market efficiency and lower transaction costs. This would in turn benefit end-investors and help realise our vision as the world’s top asset management hub and strengthening our status as an international financial centre. I congratulate the HKEX and its partner organisations on reaching this milestone and look forward to the full operation of a one-stop Platform encompassing the entire functionalities taking heed of user experience and stakeholder feedback. Thank you.
Source: Government of India
Source: Government of India (4)
Prime Minister Narendra Modi on Thursday visited the Kwame Nkrumah Memorial Park in Accra, paying homage to Ghana’s founding President and towering figure of Africa’s independence movement.
Accompanied by Ghana’s Vice-President, Prof. Naana Jane Opoku-Agyemang, PM Modi laid a floral wreath and observed a moment of silence at the mausoleum that houses the mortal remains of Dr. Nkrumah and his wife, Fathia Nkrumah.
The tribute underlined India’s longstanding respect for Ghana’s rich anti-colonial legacy and reflected the enduring ties between the two nations.
The memorial, designed by architect Don Arthur, stands as a symbol of Dr. Nkrumah’s pivotal role in leading the Gold Coast to independence from British rule in 1957. Ghana’s independence made it the first sub-Saharan African nation to achieve self-rule, inspiring liberation movements across the continent.
A proponent of Pan-African unity and a key architect of the Non-Aligned Movement, Dr. Nkrumah’s vision extended beyond national borders. He advocated African solidarity and international cooperation at a time when newly independent states were seeking a collective voice on the global stage.
Dr. Nkrumah’s ideas on neo-colonialism and his writings, including Neo-Colonialism: The Last Stage of Imperialism, continue to influence debates on post-colonial development. Despite facing political challenges and being overthrown in a coup in 1966, his legacy remains deeply embedded in Ghana’s national consciousness.
Earlier during his visit, PM Modi was conferred with Ghana’s highest civilian award — The Officer of the Order of the Star of Ghana — by President John Mahama. Expressing gratitude, the Prime Minister described the honour as “a matter of immense pride” for India.
“It is a matter of great pride and honour for me to be conferred with Ghana’s national award, The Officer of the Order of the Star of Ghana, by the President. I humbly accept this honour on behalf of 1.4 billion Indians,” PM Modi said, dedicating the award to the youth of both nations.
PM Modi’s visit, the first by an Indian Prime Minister in over three decades, signals New Delhi’s continued outreach to Africa and the Global South. During discussions with President Mahama, both leaders agreed to elevate bilateral ties to a Comprehensive Partnership, underscoring cooperation in trade, investment and people-to-people exchanges.
(ANI)
Source: Government of India
Source: Government of India (4)
Prime Minister Narendra Modi on Thursday addressed the Parliament of Ghana and dedicated the prestigious “Officer of the Order of the Star of Ghana” conferred on him to the enduring friendship and shared values between the two countries.
PM Modi was conferred with The Officer of the Order of the Star of Ghana, the country’s highest civilian honour, by President John Mahama on Wednesday. PM Modi thanked Ghana’s President for the honour and called it a “matter of immense pride”.
During his address to the country’s Parliament, the Prime Minister expressed his gratitude to the African nation on behalf of 1.4 billion Indians and noted the emotional connection to the award.
“Last evening was a moving experience. Receiving your national award from my dear friend, President Mahama, is an honour. I will always cherish this. On behalf of the 1.4 billion people of India, I thank the people of Ghana for the award. I dedicate it to the enduring friendship and shared values between India and Ghana,” PM Modi said.
He hailed the West African nation for its enduring commitment to democracy, dignity, and resilience, calling it a “beacon of inspiration” for the African continent.
“It is a privilege to be in Ghana, a land that radiates the spirit of democracy, dignity and resilience. As the representative of the world’s largest democracy, I bring with me the goodwill and greetings of 1.4 billion Indians,” the Prime Minister said.
Highlighting the deep cultural and historical connections between the two nations, he praised Ghana not only for its natural wealth but also for the warmth and strength of its people.
“Ghana is known as the land of gold, not just for what lies under your soil but as much for the warmth and strength in your heart. When we look at Ghana, we see a nation that stands with courage that rises above history that meets every challenge with dignity and grace. Your commitment to democratic ideals and inclusive progress truly makes Ghana a beacon of inspiration for the entire African continent,” he added.
Earlier today, Prime Minister Narendra Modi visited the Nkrumah Memorial Park in Ghana’s Accra and paid tribute to Dr Kwame Nkrumah, Ghana’s founding President and a revered leader of the African independence movement.
“Earlier today, I had the honour of paying tribute to our visionary and statesman and the beloved son of Ghana, Dr. Kwame Nkrumah. He once said that the forces that unite us are greater than the superimposed influences that keep us apart. His words continue to guide our shared journey…” the Prime Minister said.
During his visit, he was accompanied by the Vice President of Ghana, Prof. Naana Jane Opoku-Agyemang. The Prime Minister laid a floral wreath and observed a moment of silence in honour of Dr Nkrumah’s lasting contributions to freedom, unity, and social justice.
Ghana marks the first stop on PM Modi’s five-nation tour from July 2 to 9, which includes visits to Trinidad & Tobago, Argentina, Brazil, and Namibia.
This is the first visit by an Indian Prime Minister to Ghana in over 30 years. The trip is expected to deepen the India-Ghana partnership and signal New Delhi’s continued engagement with Africa and the Global South.
(ANI)