SWAYATT initiative on GeM celebrates 6 years of transformative impact Women entrepreneurs comprise 8% of the registered sellers on GeM
Posted On: 25 FEB 2025 2:44PM by PIB Delhi
Government e Marketplace (GeM) commemorated six years of Startups, Women & Youth Advantage through eTransactions (SWAYATT) initiative at its New Delhi headquarter (HQ) on 19 February 2025. Launched on 19th February, 2019, SWAYATT was conceptualised with a clear objective of invigorating participation of women-led enterprises and youth in public procurement.
Rooted in GeM’s foundational pillar of social inclusion, SWAYATT is portal’s commitment to enhance ease of doing business and establish direct market linkages to annual public procurement for startups, women entrepreneurs, Micro & Small Enterprises (MSEs), Self Help Groups (SHGs) and youth, especially those from backward sections of the society. Since inception, the initiative is focused at facilitating the training and onboarding of last-mile sellers, developing women entrepreneurship and encouraging participation and small-scale businesses in government procurement.
On the occasion, GeM signed a Memorandum of Understanding (MoU) with Federation of Indian Chambers of Commerce & Industry (FICCI) Ladies Organisation (FICCI-FLO) – an all-India forum representing over 9,500 women entrepreneurs. By means of this partnership, GeM intends to provide direct access for women entrepreneurs with government buyers, sans intermediaries, thereby ensuring better product prices, spurring hyper-local job creation and igniting inclusive growth. By extending adequate means of training, onboarding and linkages, this collaboration is set to empower local businesses, create inclusive economic growth, enhance competition and boost value addition in public spending.
“At the time of launch of SWAYATT, only about 6300 women-led enterprises and almost 3400 startups were onboarded on GeM. Since then, the platform has grown manifold,” informed Shri L Satya Srivinas, CEO, GeM.
“Addressing the challenges of “access to market”, “access to finance” and “access to value-addition” through proper e-market linkages in public procurement, GeM has enabled startups to fulfil orders worth ₹ 35,950 Crore. Women entrepreneurs comprise 8% of the total seller base on GeM, with cumulative 1,77,786 Udyam-verified women micro, and small enterprises (MSE) registered on the GeM portal, having fulfilled a cumulative order value of ₹46,615 Crore,” added Shri Srinivas.
Speaking on the occasion, Smt Joyashree Das Verma, President, FICCI – FLO, highlighted how digital platforms like GeM have democratised access to opportunities for women entrepreneurs. Reiterating the importance of this collaboration towards value chain development and enhanced opportunities to women-led MSEs through advocacy, outreach and mobilisation, she stressed upon training as an imperative in expanding the reach of GeM portal among affiliated members of the association.
Conceptualised as a foundational initiative, SWAYATT today comprises “Startup Runway” and “Womaniya” storefronts for dedicated listings, ensuring wider visibility of startups, women entrepreneurs and youth among lakhs of pan-India government buyers. By dismantling entry barriers, GeM is empowering more than 29,000 startups with business opportunities on the GeM platform.
With an ambitious goal of onboarding 1 Lakh Department for Promotion of Industry and Internal Trade registered startups onto the portal, GeM is determined to become a vibrant startup ecosystem in public procurement. Through meaningful collaborations and capacity-building efforts with last-mile women micro and small enterprises (MSEs), FPOs, SHGs, Startups, and Cooperatives, GeM envisions doubling the number of women entrepreneurs on the portal and increasing their share percentage in overall procurement of the country from the current 3.78%.
Prime Minister Shri Narendra Modi inaugurates Advantage Assam 2.0 Investment & Infrastructure Summit 2025 Assam’s dynamic workforce and rapid growth are driving its transformation into a leading investment destination: PM
Even in global uncertainty, one thing is certain – India’s rapid growth: PM
We have built a complete ecosystem to promote industry, an innovation-driven culture and Ease of Doing Business: PM
India is driving its manufacturing sector in Mission Mode, We are promoting Low Cost Manufacturing under Make in India: PM
The global progress depends on the digital revolution, innovation and tech-driven progress: PM
Assam is becoming a crucial hub for semiconductor manufacturing in India: PM
The world sees our Renewable Energy Mission as a model practice and is following it; In the last 10 years, India has taken policy decisions understanding its environmental responsibilities: PM
Posted On: 25 FEB 2025 1:22PM by PIB Delhi
The Prime Minister Shri Narendra Modi inaugurated the Advantage Assam 2.0 Investment & Infrastructure Summit 2025 in Guwahati, Assam today. Welcoming all the dignitaries to the event, Shri Modi said “East India and North East India are embarking on a new journey of future today and Advantage Assam is a mega initiative to intertwine the incredible potential and progress of Assam with the world”. He added that history is a witness to the major role played by Eastern India in India’s prosperity. Expressing hope, the Prime Minister said, “Today, when we are progressing towards Viksit Bharat, Eastern India and North East will display their true potential”. He said that Advantage Assam was a representation of the same spirit and congratulated the Government and Chief Minister of Assam for organising such a grand event. He recalled his words from 2013, when he had said that it was not very far when ‘A for Assam’ would be the norm.
“Despite global uncertainties, experts unanimously agree on one certainty: India’s rapid growth”, said the Prime Minister. He emphasized that today’s India is working with a long-term vision for the next 25 years of this century. He highlighted that the world has immense trust in India’s young population, which is rapidly becoming skilled and innovative. He also noted the growing confidence in India’s neo-middle class, emerging from poverty with new aspirations. Underscoring the trust the world places in India’s 140 crore people who support political stability and policy continuity, Shri Modi highlighted India’s governance that continues to implement reforms. Furthermore, he pointed out that India is strengthening its local supply chains and entering free trade agreements with various global regions. He also mentioned the robust connectivity with East Asia and the new India-Middle East-Europe Economic Corridor, bringing new opportunities.
Highlighting the growing global trust in India, as witnessed by the gathering in Assam, Shri Modi remarked, “Assam’s contribution to India’s growth is steadily increasing”. He noted that the first edition of the Advantage Assam Summit was held in 2018, at which time Assam’s economy was valued at ₹2.75 lakh crore. Today, Assam has become a state with an economy of approximately ₹6 lakh crore, he added, emphasizing that under their government, Assam’s economy has doubled in just six years. Furthermore, he said that this is the double effect of their Governments at the Center and the state. The numerous investments in Assam have turned it into a state of unlimited possibilities, he stated. The Prime Minister highlighted that the Assam government is focusing on education, skill development, and creating a better investment environment. He noted that their Government had worked extensively on connectivity-related infrastructure in recent years. He provided an example, stating that before 2014, there were only three bridges over the Brahmaputra river, built over 70 years. However, in the past 10 years, four new bridges have been constructed. One of these bridges is named after Bharat Ratna Bhupen Hazarika. Shri Modi remarked that between 2009 and 2014, Assam received an average rail budget of ₹2,100 crore but their Government increased Assam’s railway budget more than four times to ₹10,000 crore. He added that over 60 railway stations in Assam are being modernized and also mentioned that the first semi high-speed train in the North East is now operational between Guwahati and New Jalpaiguri.
Touching upon the rapid expansion of air connectivity in Assam, the Prime Minister said that until 2014, flights operated on only seven routes, but now there are flights on nearly 30 routes. This expansion has provided a significant boost to the local economy and created employment opportunities for the youth, he added. Shri Modi emphasized that these changes are not limited to infrastructure alone, but there were unprecedented improvements in law and order, with numerous peace accords signed in the past decade and long-pending border issues resolved. He underscored that every region, every citizen, and every youth in Assam is working tirelessly for the state’s development.
“India is undergoing significant reforms across all sectors and levels of the economy and continuous efforts have been made to enhance the Ease of Doing Business, and a comprehensive ecosystem has been established to promote industry and an innovation culture”, emphasised Shri Modi. He highlighted that excellent policies have been formulated for startups, manufacturing through PLI schemes, and tax exemptions for new manufacturing companies and MSMEs. He also noted the substantial investment the Government is making in the country’s infrastructure. Prime Minister underscored that the combination of institutional reform, industry, infrastructure, and innovation forms the foundation of India’s progress. He stated that this progress is also being seen in Assam, which is advancing at double engine speed. He pointed out that Assam has set a target to achieve a $150 billion economy by 2030. He expressed confidence that Assam can achieve this goal, attributing it to the capable and talented people of Assam and the commitment of their Government. Remarking that Assam is emerging as a gateway between South East Asia and India, Shri Modi said, to further this potential, the Government has launched the North East Transformative Industrialization Scheme, ‘Unnati.’ He highlighted that the ‘Unnati’ scheme will accelerate industry, investment, and tourism across the entire North East region, including Assam. He urged industry partners to take full advantage of this scheme and Assam’s unlimited potential. The Prime Minister noted that Assam’s natural resources and strategic location make it a preferred destination for investment. He cited Assam tea as an example of Assam’s potential, stating that it has become a global brand over the past 200 years, inspiring progress in other sectors as well.
Highlighting the significant changes occurring in the global economy, with a growing demand for resilient supply chains worldwide, the Prime Minister said, “India has initiated mission-mode efforts to advance its manufacturing sector”. He emphasized that under the Make in India initiative, the focus is on promoting low-cost manufacturing in sectors such as pharmaceuticals, electronics, and automobiles. He noted that India’s industry is not only meeting domestic demands but also setting new benchmarks for manufacturing excellence in international markets. He pointed out that Assam is playing a significant role in this manufacturing revolution.
Stressing that Assam has always had a share in global trade, Shri Modi remarked that today, over 50 percent of India’s on-shore natural gas production comes from Assam and there has been a significant increase in the capacity of Assam’s refineries in recent years. He also pointed out that Assam is rapidly emerging in sectors such as electronics, semiconductors, and green energy. He emphasized that due to Government policies, Assam is becoming a hub for high-tech industries as well as startups.
Highlighting that in the recent budget, the Central government has approved the Namrup-4 plant, the Prime Minister remarked that this urea production plant will meet the demand of the entire North East and the country in the future. He said, “the day is not far when Assam will become a major manufacturing hub in Eastern India”. He emphasized that the Central Government is fully supporting the state Government of Assam in achieving this goal.
Emphasising that the progress of the 21st century world depends on digital revolution, innovation, and technological advancements, Shri Modi stated, “The better prepared we are, the stronger we will be globally”. He added that the Government was advancing with 21st century policies and strategies. He highlighted India’s significant leap in electronics and mobile manufacturing over the past decade and expressed the desire to replicate this success story in semiconductor production. Prime Minister proudly noted that Assam is developing as an important center for semiconductor manufacturing in India and mentioned the recent inauguration of the Tata Semiconductor Assembly & Test facility in Jagiroad, Assam, which will promote technological growth in the Northeast. He emphasized the collaboration with IIT for innovation in the semiconductor sector and the ongoing work on a semiconductor research center in the country. The Prime Minister projected that by the end of this decade, the value of the electronic sector will reach $500 billion. He confidently stated, “With India’s speed and scale, the country will emerge as a major force in semiconductor production, creating employment for millions and benefiting Assam’s economy”.
“India has made policy decisions over the past decade while understanding its environmental responsibilities and the world considers India’s Renewable Energy Mission as a model practice”, said the Prime Minister. He highlighted that India has made significant investments in solar, wind, and sustainable energy resources over the past ten years. This has not only fulfilled ecological commitments but also expanded the country’s renewable energy production capacity multiple times, he added. Shri Modi noted that the country has set a target to add 500 GW of renewable energy capacity by 2030. “Government is working on a mission to achieve an annual green hydrogen production of 5 million metric tons by 2030”, he said. Pointing out that the growing gas infrastructure in the country has led to increased demand, and the entire gas-based economy sector is rapidly expanding, Shri Modi remarked that Assam has a significant advantage in this journey. He emphasized that the Government has created many pathways for industries, including PLI schemes and policies for green initiatives. He expressed his desire for Assam to emerge as a leader state in the renewable energy sector and urged industry leaders to maximize the potential of Assam.
Impressing that Eastern India will play a significant role in making India a developed nation by 2047, Shri Modi remarked, “today, the Northeast and Eastern India are rapidly advancing in infrastructure, logistics, agriculture, tourism, and industry”. He expressed confidence that the day is not far when the world will see this region leading India’s development journey. He invited everyone to be partners and companions in this journey with Assam and concluded by calling for collective efforts to make Assam a state that elevates India’s capabilities to new heights across the global south. The Prime Minister boosted the confidence of the investors and industry leaders by saying that he stood by them in the journey of Viksit Bharat by fully supporting their contributions.
The Governor of Assam, Shri Lakshman Prasad Acharya, Chief Minister of Assam, Shri Himanta Biswa Sarma, Union Ministers Dr. S Jaishankar, Shri Sarbananda Sonowal, Shri Jyotiraditya Scindia, Chief Minister of Tripura, Dr. Manik Saha, Union Minister of State, Shri Pabitra Margherita were present among other dignitaries at the event.
Background
The Advantage Assam 2.0 Investment and Infrastructure Summit 2025 in Guwahati, is being held from 25th to 26th February. It includes an inaugural Session, seven ministerial sessions and 14 thematic sessions. It also includes a comprehensive exhibition illustrating the state’s economic landscape, with a focus on its industrial evolution, global trade partnerships, booming industries, and the vibrant MSME sector, featuring over 240 exhibitors.
Various international organisations, global leaders and investors, policymakers, industry experts, startups, and students among others will participate in the Summit.
Speaking at the Advantage Assam Summit. The state’s dynamic workforce and rapid growth are driving its transformation into a leading investment destination. https://t.co/RM23eXAvY4
Source: Hong Kong Government special administrative region
Following is the opening address by the Secretary for Commerce and Economic Development, Mr Algernon Yau, at the opening ceremony of the Hong Kong Competition Exchange 2025 today (February 25):
Samuel (Chairman of the Competition Commission, Mr Samuel Chan), distinguished guests, ladies and gentlemen,
Good morning. Welcome to the Hong Kong Competition Exchange 2025. It is my great honour to join you here today.
This is the second time this event is organised in Hong Kong. This conference provides an excellent platform to discuss how competition and innovation can complement each other with respect to competition law and policy. I was told that today we have over 300 industry leaders, regulators, scholars and experts from all over the world joining the discussion. They include internationally renowned and reputable speakers who will share with us their insights. Thank you for your support and welcome to Hong Kong.
Indeed, competition is a global issue. In a local economy, it is also a cross-sector one. I understand that the conference will talk about competition in a wide range of sectors including financial services, technology, green industry, as well as aviation.
Hong Kong is a free market economy. We are consistently ranked by the Fraser Institute as the freest economy in the world. We also support free trade. A range of freedoms are guaranteed in the Basic Law, such as the freedom of speech, of the press and of publication. In addition, many of you may know, Hong Kong has free flow of capital, information and talent, which are the key factors behind Hong Kong’s success. The word “free” is in the spirit of Hong Kong.
In an economy so free like ours, we need a competitive market that is healthy, and can lead to better prices, products and choices for everyone. We fully recognise how important it is. To this end, we enacted the Competition Ordinance in our laws in 2012. The Competition Commission, which is the host today, was established in the year that followed.
The work of the Competition Commission is not easy. As our independent competition agency, the Commission has a mandate to investigate anti-competitive conduct; educate the public on the competition laws; and advise the Government on competition matters.
I would like to thank Samuel, the Chairman of the Commission, and Rasul, the CEO (Chief Executive Officer of the Competition Commission, Mr Rasul Butt), for the excellent work you have done for Hong Kong. A robust competition regime is one of the ingredients contributing to our success. Our competition legislation was ranked seventh in the latest World Competitiveness Yearbook. Hong Kong is attractive to foreign investments because our market is free, fair, and rule-based. These qualities are important to enterprises. As at end 2024, we had about 10 000 companies coming from outside Hong Kong. It was a record high, and up 10 per cent from a year before that. This is a vote of confidence in Hong Kong. We are grateful for that, and we will continue to do our best to make Hong Kong a prime investment location.
Ladies and gentlemen, it is never an easy task to establish an effective competition regime from scratch that fully adapts to the local context and compatible to international norm. But I am proud to say that Hong Kong has made good progress and is on the right track. In future, the Hong Kong Special Administrative Region Government will continue to support the work of the Commission. We will also continue to embrace competition, empower the Commission, and embark on more competition campaigns.
I hope you will all find the discussion sessions arranged by the Commission in the coming two days insightful and fruitful. Together, let us work towards the common goal of building a future that is not only brighter, but also fairer.
Government committed to fostering business climate, enhance Ease of Doing Business: Union Commerce and Industry Minister Piyush Goyal PM’s visit to USA, France paved the way for greater investment and collaboration: Shri Goyal
Small & Medium enterprises have a transformative role in driving Viksit Bharat: Shri Goyal
Posted On: 25 FEB 2025 5:02PM by PIB Delhi
The Centre is committed to creating a favourable investment climate, ensuring regulatory stability, and enhancing the Ease of Doing Business (EoDB) in the country. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal during his virtual address at the Pune International Business Summit 2025, which was organised by Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) on January 24, 2025.
The Minister stressed that Prime Minister Shri Narendra Modi’s recent visits to the USA and France have paved the way for greater investment and enhanced collaborations. Emphasising that the 2-day summit will delve into emerging trade trends, build robust alliances and highlight the transformative role of Small and Medium Enterprises (SMEs) in driving Viksit Bharat, Shri Goyal pointed out that representatives from over 20 countries will participate at the event, reflecting global confidence in India’s resilience.
Minister Goyal emphasised that the Union Budget reinforces its commitments with a ₹10k Cr Fund of Funds for Startups and a Deep Tech Fund empowering entrepreneurs. He further stressed that a significant investment committed towards R&D with an initial estimation of Rs 20,000 crore for Anusandhan National Research Foundation (ANRF) along with a high-level committee, an investment-friendly index & Jan Vishwas 2.0 further bolster trust-based governance.
Noting that Pune known as the ‘Detroit of the East’ is the hub of innovation, the Minister stressed that the city is setting benchmarks across industries, making it the ideal venue to host events that foster collaborations and drive India’s growth story.
Shri Goyal praised MCCIA for bringing together an inspiring confluence of industry leaders and visionaries and said that the 90-year old Association has played a transformative role in fueling progress, empowering entrepreneurs and driving growth across Maharashtra and India.
Government building sustainable, resilient and future-ready infra: Union Commerce and Industry Minister Piyush Goyal Build India Infra Awards recognise excellence, celebrate innovation and inspire the next generation to dream bigger and build better: Shri Goyal
Posted On: 25 FEB 2025 5:01PM by PIB Delhi
With smart cities and green highways, the Government is building an infrastructure ecosystem that is sustainable, resilient and future-ready. This was stated by Union Minister of Commerce & Industry Shri Piyush Goyal during his virtual address at the second edition of Build India Infra Awards 2025 on January 24. He elaborated that the Budget 2025-26 allocates Rs 11.21 trillion for the infrastructure sector to not only help build roads and railways but also create jobs and businesses enabling citizens to experience better mobility and convenience.
The Minister noted that under the leadership of Prime Minister Shri Narendra Modi, PM Gati Shakti initiative is ensuring integrated and multimodal infra development – making transport seamless, reducing logistical costs & boosting our economic potential.
Shri Goyal stated that the Build India Infra Awards recognise excellence, celebrate innovation and inspire the next generation to dream bigger and build better. He further noted that these awards honour not just projects, but perseverance that is transforming India’s infra and shaping our nation’s future. From highways that redefine connectivity to railways driving economic growth; world-class ports boosting trade efficiency to modern airports strengthening regional and global connectivity – every milestone reflects India’s bold vision and commitment to progress, the Minister pointed out.
In conclusion, the Minister urged the participants to continue collaborating, innovating and accelerating, ensuring that India’s infrastructure remains the backbone of its economic development.
VIENNA, Va., Feb. 25, 2025 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (“Castellum” or “CTM”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its Global Technology and Management Resources, Inc. (“GTMR”) subsidiary has been selected as a Special Compartmented Information Multiple Award Contract (“SCI MAC”) vendor, supporting the Intelligence Division of Naval Air Warfare Center – Aircraft Division (“NAWCAD”). This single pool unrestricted Indefinite Delivery Indefinite Quantity (“IDIQ”) contract, which was effective as of February 21, 2025, has a ceiling of $249 Million that will be shared among the selected awardees on the SCI MAC.
Castellum/GTMR will engage with a wide range of customers across the U.S. Department of Defense, providing analytical, technical, and managerial efforts in the areas of acquisition, analysis, research and engineering, test and evaluation, logistics, training, and program management, as well as IT and Software Development Support. Castellum/GTMR will support Naval Air Systems Command (“NAVAIR”) across all aspects of the Acquisition Life Cycle of various platforms and systems, as well as intelligence and threat support to numerous research, development, test, and evaluation activities. This contract vehicle is intended to provide general contractor support services requiring access to intelligence and threat information at various classification levels to enable NAVAIR, subordinate Commands, Program Executive Offices, and subordinate Programs to execute their mission.
“Another important strategic win for our CTM Team as we continue our strong momentum to posture CTM, through our subsidiary companies of GTMR, SSI and Corvus, for vigorous and enduring organic growth. The federal government has increasingly shaped its acquisition strategy over the past few years to leverage IDIQ MAC’s and on follow Task Orders as their primary acquisition strategy, and Government Contracting companies must win an ‘invitation to a seat at the ‘table’ to be able to compete for new opportunities. This win is especially significant as we will have that all-important ‘seat at the table’ to help support one of our primary and strategic mission customers and their vital classified programs that directly impact our warfighters and their ability to ensure our national security. This is precisely where we want to be as CTM: helping to build as many essential and strategically enduring opportunities as we can to support mission-critical programs with our world-class CTM team and bring our unmatched technology services and solutions to our warfighters,” said Glen Ives, President and Chief Executive Officer of Castellum.
Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – https://castellumus.com/.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities, improvements to cost structure, and profitability. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from its contracts with SCI MAC and NAVAIR and other customers, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget, operating under a prolonged continuing resolution, government shutdown, or breach of the debt ceiling, as well as the imposition by the U.S. government of sequestration in the absence of an approved budget; the ability of the U.S. federal government to unilaterally cancel a contract with or without cause, and more specifically, the potential impact of the U.S. DOGE Service Temporary Organization on government spending and terminating contracts for convenience. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.
Contact:
Glen Ives, President and Chief Executive Officer Phone: (703) 752-6157 info@castellumus.com
CHICAGO, Feb. 25, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) today announced that Todd Cello, Executive Vice President, Chief Financial Officer, will present at the RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 4, 2025. The presentation is scheduled to begin at 9:00 a.m. CT (10:00 a.m. ET). A live webcast of the presentations will be made available on the TransUnion Investor Relations website at http://www.transunion.com/tru. A replay will also be available on the company’s website following the conclusion of the presentation.
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
Source: People’s Republic of China – State Council News
HEFEI, Feb. 25 — Wu Zenghe, who has been in the bed-and-breakfast (B&B) business for over a decade, feels that the enthusiasm for cultural travel consumption among China’s elderly has been constantly rising in recent years.
His B&B, especially designed for the elderly and located in the Huizhou ancient town, a popular tourist destination in Shexian County, east China’s Anhui Province, has only been operating for a year but has already attracted groups of silver-haired visitors from first-tier cities.
As one of the first batch of B&Bs to combine local history, beautiful scenery and traditional Chinese medicine (TCM) in the county, Wu’s B&B regularly invites doctors to provide health management services, including the likes of medical lectures and TCM physiotherapy, while also providing tourism services tailored to suit the elderly, such as slow-paced travel plans.
“Travel for health is about to see an influx of those born in the 1960s and 1970s, who have the ability and willingness to spend on health management and better tourism experiences,” he said.
The silver economy is providing huge consumption energy in the cultural tourism market. Statistics from the China Tourism Academy showed that the number of tourist trips made by those aged 60 and above had reached 1.16 billion in 2023 — accounting for 20.6 percent of China’s total domestic tourists. It is estimated that by 2028, the value of the silver-haired tourism market will reach about 2.7 trillion yuan (roughly 376 billion U.S. dollars), revealing strong growth momentum.
Earlier this month, nine Chinese government agencies and state-owned enterprises, including the Ministry of Commerce and the Ministry of Culture and Tourism, unveiled an action plan to expand and improve senior-friendly tourism train services, in the latest bid to create more inclusive and enjoyable travel experiences for the elderly.
It plans to create a nationwide network of specialized trains catering to older travelers by 2027 — featuring over 100 designed routes and 2,500 scheduled trips annually.
According to a blue paper on China’s silver economy, the sector is currently valued at 7 trillion yuan, with tourism being a key growth area.
Elderly adults in China had amassed wealth totaling 78.4 trillion yuan by 2023, according to the China National Committee on Ageing. The value of the silver economy is projected to reach 30 trillion yuan by 2035.
The growing market size of the silver-haired group has also promoted upgrading of the accommodation industry. For example, hotels in many places in China have launched innovations such as silent floors and non-slip bathrooms.
According to H World Group, one of China’s largest hotel operators, rooms that are equipped with elderly-friendly facilities proved popular last year — with an occupancy rate of more than 90 percent in 2024.
“China’s rural areas offer good scenery and environments, and these benefits are now coupled with improving accommodation conditions as well as medical services. We both feel very comfortable in body and mind,” said Sun Tian, a tourist from Shanghai, adding that he and his wife meet up with old friends for a stay in a health resort in the Yangtze River Delta region for a period each year, while they often shop online for agricultural products from the health resort area after returning to Shanghai.
Source: United States of America – Federal Government Departments (video statements)
If you were affected by the wildfires, there are a few deadlines you’ll want to keep in mind.
If you haven’t registered for FEMA assistance yet, there’s still time! The deadline to apply is March 10th. FEMA grants can help repair your home, property, and even your vehicle. Rental assistance is also available for up to 18 months.
If you need additional financial help, the Small Business Administration – or SBA, is offering low-interest loans to homeowners, renters, businesses, and non-profits. They’ve already approved more than one billion dollars in loans. Applications are open through March 10th.
The American Red Cross is also offering assistance to wildfire survivors. Their application deadline is February 26th.
And the Army Corps of Engineers is ready to clear ash and debris from your property. But first, they need your permission. That’s where your Right of Entry form comes in. Get that document submitted by March 31st at recovery.LACounty.gov. Don’t wait—take action today!
Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.
Highlights:
– Secretary-General Travels
– Ukraine
– Sudan
– Sudan/Humanitarian
– Deputy Secretary-General
– West Bank
– Occupied Palestinian territory
– Peacekeeping
– Haiti
– DR Congo/Humanitarian
– DR Congo
– Mozambique
– Colombia
UKRAINE
The Secretary-General issued a statement in which he affirmed that the war in Ukraine stands as a grave threat not only to the peace and security of Europe but also to the very foundations and core principles of the United Nations.
After three years of death and destruction, he once again calls for urgent de-escalation and an immediate end to the hostilities. The Secretary-General welcomes all efforts towards achieving a just and inclusive peace. The United Nations stands ready to support such efforts.
This afternoon, at 3pm, Rosemary DiCarlo, the Under-Secretary-General for Political and Peacebuilding Affairs, will brief the Security Council on Ukraine.
SUDAN
The Secretary-General is deeply concerned at the announcement by the Rapid Support Forces and affiliated civilian actors and armed groups of a political charter that expresses an intention to establish a governing authority in Rapid Support Forces areas of control. This further escalation in the conflict in the Sudan deepens the fragmentation of the country and risks further entrenching the crisis. Preserving Sudan’s unity, Preserving Sudan’s sovereignty and territorial integrity remains key for a sustainable resolution of the conflict and the long-term stability of the country and the wider region.
The Secretary-General also condemns the persistent violence perpetrated against civilians across Sudan by both parties to the conflict, including ethnically motivated attacks. Sudanese women, Sudanese children and men are paying the heaviest price for the continued military offensives by the belligerents in this conflict.
The Secretary-General’s Personal Envoy, Ramtane Lamamra, is engaging the warring parties and all other relevant stakeholders to achieve progress on a cessation of hostilities, protection of civilians and humanitarian access and to promote de-escalation.
Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=24%20February%202025
When putting forward the European Green Deal and the Fitfor55 package, the Commission conducted several impact assessments, including for the revised Regulation setting CO2 emission performance standards for new passenger cars and vans, which upholds the principle of technology neutrality[1],[2].The Commission will prepare a progress report by 2025, notably covering employment impacts[3].
The EU has enacted measures and provides funding to ensure a fair transition , also in the automotive sector. This includes the European Skills Agenda, supporting Member States in up and reskilling of workers, and its Pacts for Skills such as the Automotive Skills Alliance aiming at upskilling 5% of the sector’s workforce each year.
Moreover, the Council Recommendation on a fair transition[4] provides guidance to Member States on these topics. These measures are also supported by EU funds[5]. Further, the European Globalisation Adjustment Fund supports workers suffering from displacements following restructuring.
In addition, the Commission plans to present the Union of Skills in early March, supporting upskilling and reskilling, among other things. The Commission will also present a Quality Jobs Roadmap in the second half of 2025, with the aim to ensure a fair transition for all.
The Commission continues working on supporting the transition, through various initiatives and in consultation with social partners and other stakeholders.
The Strategic Dialogue on the Future of the Automotive Industry was launched on 30 January 20 25, bringing together key stakeholders from the industry to propose and implement measures needed for the sector[6].
Thematic discussions are held as part of the Strategic Dialogue, including on skills and social considerations in the sector.
[1] The regulation establishes a 100% CO2 emission reduction target for new cars and vans registered from 2035 onwards. http://data.europa.eu/eli/reg/2023/851/oj
[2] Impact assessment accompanying Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2019/631 as regards strengthening the CO2 emission performance standards for new passenger cars and new light commercial vehicles in line with the Union’s increased climate ambition.
[3] Article 14a(f) of Regulation (EU) 2019/631, https://eur-lex.europa.eu/eli/reg/2019/631/2024-01-01
[4] Council Recommendation on ensuring a fair transition towards climate neutrality (2022/ C 243/04).
[6] Including actions addressing jobs, skills, and other social elements in the sector https://ec.europa.eu/commission/presscorner/detail/en/ip_24_6542
Question for written answer E-000726/2025 to the Commission Rule 144 Isabella Tovaglieri (PfE)
Article 122(2) of the current Italian Highway Code (Law Decree 121/2021, as amended by Law 177/2024) states that a person over 65 years of age may not accompany a learner driver practising for their test. This rule does not apply to professional driving instructors.
In view of this, can the Commission say whether it considers this rule to be compatible with Article 21 of the Charter of Fundamental Rights of the European Union, which prohibits any form of age-based discrimination?
Question for written answer E-000737/2025 to the Commission Rule 144 Anthony Smith (The Left), Manon Aubry (The Left), Marina Mesure (The Left), Emma Fourreau (The Left), Damien Carême (The Left), Leila Chaibi (The Left)
On 11 February 2025, the management of the ArcelorMittal Europe group announced that it was considering relocating certain activities to India. This decision follows Donald Trump’s introduction of 25 % tariffs on European steel and aluminium.
In November 2024, ArcelorMittal announced the suspension of all its European decarbonisation projects, including the flagship hydrogen furnace project in Dunkirk, despite having received state aid to the tune of EUR 850 million. The company also chose to invest almost a billion dollars in a new ‘electrical steel’ plant in the USA, rather than in Europe.
But this is not an isolated case. The entire European metallurgical industry is in crisis, with the threat of tens of thousands of direct and indirect job losses.
Can the Commission say whether:
1.it intends to reform the European electricity market to combat high electricity prices?
2.it intends to respond to the US proclamations on raising tariffs by imposing retaliatory measures?
3.it reaffirms its intent to exempt 80 % of European companies from the Carbon Border Adjustment Mechanism, even though it protects European metallurgy from unfair competition?
Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Lecture by Alena Zinkevich
On February 21, the lecture “The Ecosystem of Youth Policy in Russia” was held in the “Growth Point” space of SPbGASU. The head of the media department of the charitable organization “Anna Helps”, expert-mentor of Rosmolodezh, expert of the “Movement of the First”, lecturer of the Russian society “Knowledge” Alena Zinkevich told students about organizations that work in the field of youth policy, and about the opportunities that young people have today.
According to Alena Zinkevich, youth policy at various levels is implemented by the Ministry of Science and Higher Education of the Russian Federation, the Federal Agency for Youth Affairs (Rosmolodezh), the Committee for Youth Policy and Interaction with Public Organizations of the Administration of St. Petersburg, educational institutions, and youth centers.
Alena Zinkevich spoke in detail about the Rosmolodezh forums, which provide the opportunity to travel for free, communicate with like-minded people, and receive funding for your projects.
The speaker reviewed various projects and programs of Rosmolodezh, explained what grants are, what types of grants exist, and where to look for them. Thus, until March 17, you can apply for the correspondence competition “Rosmolodezh. Grants Season I”. Alena Zinkevich shared useful tips and offered assistance in filling out applications. Those interested could make a request and receive a gift from the speaker – a checklist on social design. After the lecture, we asked the students if they had projects that they dreamed of bringing to life.
Anna Bogolyubova, a first-year undergraduate student at the Faculty of Environmental Engineering and Urban Management, has not previously participated in grant competitions. She does not have a project yet, but she has ideas. Anna learned a lot of new things at the lecture.
Anna Kozhemyak, a second-year bachelor’s student at the Faculty of Civil Engineering, actively attends lectures at Tochka Rosta. She has several ideas aimed at solving student problems. Anna is a participant in the World Youth Festival in Sochi. She wants to continue the experience she gained there.
Lecture audience. In the center is Lev Zadumkin
The lecture was attended by Lev Zadumkin, the leading system administrator of the information technology department of SPbGASU. His project is a youth cycling school. “It’s like a driving school, only on bicycles, where we teach traffic rules and city riding in the format of a full course, with theory and practice. After classes, students stop being afraid of the roadway, understand road signs, and can provide first aid,” he said. In 2023, Lev, as part of a team from the “Let’s Go” association, applied for a grant (subsidy) competition from the Committee on Youth Policy and Interaction with Public Organizations.
“We won then, but not last year, but we are not giving up and will try again this year, with the project of the school of urban mobility, which will include training in riding not only bicycles, but also SIM (individual mobility devices – electric scooters, unicycles and others). This innovation gives the project additional relevance in connection with the increase in demand for urban micromobility as an affordable and environmentally friendly alternative to public transport and private cars,” Lev continued.
Lev Zadumkin reported that as a public project, “Bike School” has existed for more than 10 years thanks to activist Alexander Kozhanov and the public movement “Bicycling of St. Petersburg”. “Previously, these were one-time classes for a wide audience, video lectures, performances at festivals, then we tested the format of courses for residents of the municipal district (MO-72) and released several streams,” he said, specifying that he himself has been actively involved in the project since 2023.
“As far as I know, there are no similar schools to ours yet, we are pioneers. There are schools that teach how to ride a bike (mainly for children), there are “electric scooter schools” from sharing companies, but there is a problem everywhere – they do not prioritize the use of bicycles and SIMs as transport and do not teach traffic rules. And classes at the bike school are free!” – concluded Lev Zadumkin.
“Our university offers many opportunities for young people to realize themselves. On February 26 at 19:00, Rosmolodezh. Grants and Dvizhenie Perviy ambassadors will hold individual consultations at the Growth Point. This is a good social lift. Come with your ideas!” urged Ekaterina Kovalenko, Deputy Head of the Youth Policy Department.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Headline: Historic road to World Heritage site transformed
Published: 25 February 2025
Released by: Minister for Regional Transport and Roads
The Minns and Albanese Labor Governments have partnered with Balranald Shire Council to deliver a major road upgrade which is improving safety and access to the World Heritage Mungo National Park and Willandra Lakes Region.
Marma Box Creek Road is a critical link to the World Heritage listed sites in remote south-western New South Wales and historically, around 26 kilometres of the road was dirt.
Now thanks to a $3.25 million investment from the NSW Government’s Fixing Local Roads program and $900,000 from Balranald Shire Council, a 23.1 kilometre stretch of the road has been sealed.
Additionally, with investment from the Australian Government’s Roads to Recovery program of over $1.35 million, council is working to seal the final 2.9 kilometres of Marma Box Creek Road before the end of 2025, weather permitting.
These upgrades will significantly reduce road closures during wet weather and improve safety for local farmers, families and school students.
Tourists who visit the site will also benefit from safer journeys in the world-famous region where Mungo Lady and Mungo Man were discovered.
For the Mutthi Mutthi, Paakantji and Ngyimpaa people, the 40,000-year-old remains, and other evidence of their ancestors found in the area are an important part of their communal history.
The remains of Mungo Lady were returned to Lake Mungo in 1992, while Mungo Man’s remains were repatriated in 2017, both via Marma Box Creek Road.
Quotes attributable to Minister for Regional Transport and Roads Jenny Aitchison:
“The upgraded Marma Box Creek Road represents more than just improved tourism and freight infrastructure; it signifies a crucial link to the ancient cultural heritage of First Peoples.
“This investment not only enhances access to the area but also supports the preservation and sharing of Indigenous history dating back over 40,000 years.
“By facilitating safer and more accessible travel, this initiative promises to enrich tourism experiences and foster greater appreciation for the profound cultural significance of this unique landscape.”
Quotes attributable to Deborah O’Neill, Senator for New South Wales:
“This is a very special part of the world and a place that all Australians can be proud of.
“The Australian Government’s Roads to Recovery program provides critical funding directly to local councils for maintenance and upgrades like these works for Marma Box Creek Road. Investments like this mean better local roads for residents, and for tourists – and less pressure on councils and ratepayers.”
Quotes attributable to Member for Murray, Helen Dalton:
“Government investment in maintaining and upgrading rural and remote transport infrastructure is vital to keeping our communities connected, and for their economic growth. It’s reassuring to see continued investment in rural and remote NSW.
“Mungo National Park is a spectacular location in my electorate, a significant cultural site and hidden gem.
“It’s fantastic that the government is making this incredible part of the world more accessible for us to improve our knowledge of the heritage, culture and history of our First Nations people.”
Quotes attributable to Balranald Shire Council Mayor, Cr Louie Zaffina:
“This road is ‘the gateway’ to major tourism attractions in the area and an integral freight route for the area’s mining interests and local farms.
“Ensuring the road’s safety and resilience supports the longevity of the significant economic benefits and employment opportunities that are fed back into the nearby communities through these industries.”
Quotes attributable to Tanya Charles, Discovery Ranger at Mungo National Park:
“The improved all weather access to Mungo National Park and the Willandra Lakes World Heritage Area brings added safety for visitors, tour operators, local and staff using the new road.”
SAN DIEGO, Feb. 25, 2025 (GLOBE NEWSWIRE) — T-Max Lending LLC is pleased to announce the successful closing of a $34.2 million acquisition of a premier multifamily commercial property in Baton Rouge, Louisiana. This strategic investment underscores T-Max Lending’s commitment to supporting high-quality housing developments in key markets across the country.
The newly acquired property is a modern, upscale multifamily community designed to offer residents a comfortable and convenient living experience. The Property features a range of top-tier amenities, including Upgraded Resort-Style Swimming Pool, New Fitness Center Outfitted with high-end exercise equipment, including cardio machines, free weights, and a yoga studio, Pet-Friendly Enhancements and upgraded Security & Parking Facilities Improved gated entry systems and expanded parking options.
“We are excited to add this exceptional property to our portfolio,” said Mason, Loan Officer at T-Max Lending LLC. “Baton Rouge is a growing market with strong demand for high-quality rental communities, and this acquisition aligns perfectly with our mission to provide residents with modern, well-appointed living spaces. We believe this property will set a new standard for multifamily living in the region.”
With a prime location near major employment centers, shopping districts, universities, and entertainment hubs, the property offers both convenience and accessibility, making it an attractive option for professionals, families, and students alike. The strong economic growth in Baton Rouge further reinforces the long-term potential of this investment.
T-Max Lending LLC continues to seek strategic investment opportunities in dynamic and high-growth markets, reinforcing its commitment to fostering community-focused developments that enhance the residential experience. As the company expands its footprint, it remains dedicated to delivering top-tier housing solutions that prioritize comfort, security, and modern living.
For more information about T-Max Lending LLC and its lending services, please contact:
Actions Continue Ned Sherwood’s Long History of Disruption, Breaches of Settlement Agreements and Blatant Disregard for Established Bylaws and Shareholder Protections
Board Forms Executive Committee to Protect Shareholder Interests
Executive Committee Believes Sherwood’s Nomination of Himself, His Friends and His Affiliates Underscores Desire to Take Control of Barnwell at Shareholders’ Expense and Without Paying a Premium for Control
HONOLULU, Feb. 25, 2025 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today announced that it has informed Ned Sherwood, a shareholder who recently submitted a control slate of five nominees comprising friends and affiliates, that his nomination notice is defective and insufficient. Sherwood’s nomination notice fails to include material information required by the Company’s bylaws, and in light of these material deficiencies and omissions required both by the bylaws and federal securities regulations, the Executive Committee of the Barnwell Board of Directors is strongly inclined to reject the nomination notice as defective and insufficient and to disqualify Sherwood’s nominees.
In light of the inherent conflicts of interest of Sherwood’s candidates, one of who is a current Board member, the Board has formed an Executive Committee comprising independent Vice Chairman, Kenneth Grossman, independent director Joshua Horowitz and Executive Chairman, Alexander Kinzler, to protect the interests of all other shareholders.
The Executive Committee has requested that a Special Committee consisting of independent directors Grossman and Horowitz investigate, among other things, the facts and circumstances of the relationship between Sherwood and his board nominee, Ben Pierson, who has privately purchased shares of Barnwell while also currently serving as the Chief Investment Officer of Sherwood’s family office, to determine whether a distribution under the Company’s Shareholder Rights Plan has been triggered.
Sherwood is Nominating Himself, His Friends and His Business Associates to Steal Control of the Company
Notwithstanding the obvious conflicts, the Board remains open to considering new candidates and intends to vet the individuals proposed by Sherwood through its usual governance process. However, the Executive Committee cautions shareholders that a preliminary review shows clearly that two of the four nominees other than Sherwood cannot be expected to exercise judgement independent of Sherwood, and three of Sherwood’s five nominees have no public company Board experience.
Ben Pierson has been employed by the Sherwood Family Office as its Chief Investment Officer since 2021.
Doug Woodrum has been a Director at Barnwell since 2020 as Sherwood’s designee having joined the Board following an earlier proxy contest and then through a prior settlement with the Company. Woodrum has been the mouthpiece for all of Sherwood’s misguided policy proposals, including the sale of assets at fire sale prices and various attempts at co-opting day-to-day control, which have only resulted in damaging management morale and creating distrust of Sherwood’s motives, as well as incurring significant costs for the Company to address these matters.
Woodrum has been reprimanded on multiple occasions for leaking confidential board matters to Sherwood. Woodrum has also attempted to end-run the Board of Directors by directly interfering with management. Sherwood has stated many times he would elevate Woodrum to CEO or CFO, but no member of management or director not affiliated with Sherwood has endorsed or supports Woodrum as qualified for either position.
The Company further notes that Sherwood’s nomination of a control slate continues his long history of disrupting the Company’s governance processes and interfering with the Company’s operations, while creating significant expense to the Company. Sherwood’s nomination of himself, his friends and business associates, without any credible plan for the Company and without paying a premium to shareholders for control, flies directly in the face of shareholder interests.
Sherwood and His Director Appointees Have Hid Investments and Acted to Intentionally Undermine Management and the Board
Sherwood made a significant investment in a Canadian Oil and Gas venture founded and operated by one of his former director designees, which investment was only belatedly and incompletely disclosed. The Executive Committee believes this arrangement was undertaken as a quid pro quo so that Sherwood’s nominee would execute on Sherwood’s self-serving agenda.
From 2021-2022, Sherwood and Woodrum offered a then-new member of the Board, Colin O’Farrell, the Company’s CEO position. Sherwood and Woodrum did so without consulting the Board and seemingly to co-opt O’Farrell’s independence. This conduct was in breach of a then-valid standstill agreement, resulted in a costly investigation, severely damaged the morale of the Canadian-based management team, and resulted in O’Farrell’s resignation from the Board only seven months after his appointment.
In April 2024, without prior Board discussion or direction, Sherwood and his director appointee Woodrum demanded that management immediately begin a search for a Calgary-based CFO and that Woodrum would help lead the search.
Sherwood continues to interfere with the Company’s executive leadership transition. Ten months ago, Craig Hopkins succeeded Kinzler as CEO of the Company with the support of Sherwood’s nominees and as part of an overall succession plan for the retirement of the Company’s prior senior management and expense reduction efforts. Both Kinzler and Russell Gifford, the Company’s longtime CFO, have expressed their desire to retire from day-to-day operations of the Company by the end of the fiscal year and have indicated their willingness to support CEO Craig Hopkins during the transition to the extent desired by him and the Board. Multiple directors supported by Sherwood, including former director Laurance Narbut, have expressed the belief that the decades of experience and knowledge held by Kinzler and Gifford will enable the Company to undertake a smooth transition and maintain its excellent track record of accounting and legal compliance.
Despite Repeated Requests, Sherwood Has Failed to Propose a Different Plan or Business Strategy
Sherwood has NO PLAN for Barnwell Other than to Take Over the Company Without Paying a Control Premium
The Company has repeatedly asked Sherwood to specify what Company plans and policies he opposes or would change. The only response has been incessant demands “to shut down Hawaii,” which lacks any semblance of thoughtful consideration. It has no backing from a single budget, spreadsheet or alternative strategy that would adequately support the back-office functions of a publicly listed company. Barnwell can only conclude that Sherwood’s current nomination notice is merely an attempt to take full control of a company where he holds a 30% stake and no articulated plan to change any personnel, policies or business practices. Sherwood and his designees on the Board have been engaged in a steady stream of actions interfering with management and compromising Board confidentiality and function, all in pursuit of full control of the Company and often in violation of the standstill agreement that the Company and Sherwood entered into in 2023.
Sherwood has accused the Company of excessive expenditures for lawyers and other professionals when the vast majority of these expenditures were necessitated by the abusive, improper and often illegal actions of Sherwood and his designees on the Board. Sherwood’s group recently served the Company with a books and records request, which will require significant legal expense to address, ironically asking for shareholder records when Sherwood’s own group has played fast and loose with their own Section 16 and Section 13 SEC reporting obligations.
The Barnwell Executive Committee Comprises Majority Independent and Highly Experienced Directors Acting on Behalf of All Shareholders
The current Board was expressly approved by Sherwood under a 2023 settlement whereby the Company and Sherwood each designated two directors and a fifth director, Joshua Horowitz, was selected as a compromise board member who was vetted by Sherwood and expressly endorsed by both parties to the settlement agreement.
The current Board is overseeing the transition out of the Company’s water well drilling activities and is currently completing its final well project. The water well subsidiary recently sold one of its rigs for approximately $585,000 and will shut down its operations and sell its remaining assets in the near term. This is part of a larger plan to transition out of the Company’s Hawaii main office and move those executives to transitional roles, to streamline the Company’s accounting operations and further reduce general and administrative expenses in order to increase funds available for investment.
The Company’s Twining oil & gas property in Alberta continues to be the engine for the Company’s future growth. We are pleased that our newest development well is online and producing as expected. There are approximately 50 additional wells that can be drilled, which would enable the Company to grow its revenues and results organically, as a major portion of the costs of the operations are fixed.
Forward-Looking Statements
The information contained in this press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements,” “Risk Factors” and other sections of Barnwell’s annual report on Form 10-K for the last fiscal year and Barnwell’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.
Important Additional Information and Where to Find It
Barnwell Industries, Inc. (the “Company”) plans to file proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”). Prior to the 2025 Annual Meeting, the Company will file a definitive proxy statement (the “Proxy Statement”) together with a WHITE proxy card. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to obtain, free of charge, copies of the Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy card) when filed by the Company with the SEC in connection with the 2025 Annual Meeting at the SEC’s website (http://www.sec.gov) or at the Company’s website at https://ir.brninc.com/ or by contacting Alexander Kinzler, Secretary and General Counsel of the Company, by phone at (808) 531-8400, by email at akinzler@brninc.com or by mail at Barnwell Industries, Inc., 1100 Alakea Street, Suite 500, Honolulu, Hawaii 96813.
Certain Information Regarding Participants
The Company, its directors and certain of its executive officers and other employees may be deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from stockholders in connection with the 2025 Annual Meeting. Additional information regarding the identity of these potential participants and their direct or indirect interests, by security holdings or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the 2025 Annual Meeting. Information relating to the foregoing can also be found in the Company’s definitive proxy statement for its 2024 annual meeting of stockholders, filed with the SEC on April 2, 2024. To the extent holdings of such participants in the Company’s securities have changed since the amounts described in the Proxy Statement, such changes have been reflected on Statements of Change in Ownership on Form 3 and Form 4 filed with the SEC: Form 3, filed by Craig Hopkins, with the filings of the Company on May 16, 2024; Form 4, filed by Craig Hopkins, with the filings of the Company on May 20, 2024, August 29, 2024, January 13, 2025 and January 17, 2025; Form 4, filed by Joshua Horowitz, with the filings of the Company on August 23, 2024 and October 28, 2024; Form 4, filed by Kenneth Grossman, with the filings of the Company on October 28, 2024; and Form 4, filed by Douglas Woodrum, with the filings of the Company on October 28, 2024. These filings can be found at the SEC’s website at www.sec.gov. More detailed and updated information regarding the identity of potential participants, and their direct or indirect interests (by security holdings or otherwise), will be set forth in the proxy statement and other materials to be filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
SINGAPORE, Feb. 25, 2025 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company”), a global technology company, today announced that JOYY entered into agreements with Baidu, Inc. (NASDAQ: BIDU) (“Baidu”) with respect to the sale of the video-based entertainment live streaming business in mainland China previously owned by the Company (known as YY Live), for an aggregate purchase price of approximately US$2.1 billion in cash. The Company previously received approximately US$1.86 billion in February 2021, and, today, the Company received additional cash consideration of approximately US$240 million.
About JOYY Inc.
JOYY is a leading global technology company with a mission to enrich lives through technology. JOYY currently operates several social products, including Bigo Live for live streaming, Likee for short-form videos, Hago for multiplayer social networking, an instant messaging product, and others. The Company has created a highly engaging and vibrant user community for users across the globe. JOYY’s ADSs have been listed on the NASDAQ since November 2012.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. JOYY may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JOYY’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in JOYY’s filings with the SEC. All information provided in this press release is as of the date of this press release, and JOYY does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
JOYY Inc. Jane Xie/Maggie Yan Email: joyy-ir@joyy.com
SAN JOSE, Calif., Feb. 25, 2025 (GLOBE NEWSWIRE) — Atsign, a leading provider of critical infrastructure technology, is excited to announce the availability of NoPorts, its secure communication platform, in the C programming language. This expansion offers greater portability and compatibility for IoT devices and networking equipment, enabling seamless integration across a wider range of operating systems and hardware configurations, particularly within critical infrastructure environments.
The C version of NoPorts provides several key advantages for securing critical infrastructure:
Enhanced Portability: The C programming language is widely supported, allowing NoPorts to run on a variety of embedded systems and legacy hardware commonly found in critical infrastructure environments.
Reduced Footprint: The C implementation offers a smaller footprint, making it ideal for resource-constrained devices and enabling deployment in environments with limited memory and processing power.
Tailored Integration: The C SDK provides developers with granular control over NoPorts integration, allowing them to optimize performance and functionality for specific critical infrastructure use cases and security requirements.
“The availability of NoPorts in C is a significant milestone for Atsign, particularly in our drive to secure critical infrastructure,” said Colin Constable, Co-founder and CTO of Atsign. “By expanding our language offerings, we are empowering organizations to build secure and scalable communication systems that can withstand cyber threats and ensure the continued operation of essential services.”
About Atsign
Atsign specializes in embedded security technology infrastructure, software solutions, and SDKs. The company is providing the technology for the next generation of the Internet with simplicity, security, and privacy built-in. Atsign’s products are based on the promise of a new approach to networking using public key cryptography and personal data services. Learn more at Atsign.com.
About NoPorts
NoPorts simplifies and secures remote access, protecting critical infrastructure, for organizations of all sizes. With a zero trust architecture, end-to-end encryption ensuring data privacy, and the elimination of network attack surfaces, NoPorts offers the most secure tunnel for remote access. NoPorts empowers businesses to achieve greater operational efficiency, improved scalability, and enhanced security—all while reducing costs and complexity. Learn more at NoPorts.com.
Media Contact: Scott Hetherington Atsign Scott@Atsign.com 844-827-0985
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), an authorized TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at Plaza Las Américas in San Juan, Puerto Rico. This marks CLEAR’s first non-airport location in San Juan for TSA PreCheck enrollment and renewal services, complementing its 55 airport-based enrollment and renewal locations across the U.S. TSA PreCheck enrollment and renewal services through CLEAR are also available at select Staples stores nationwide.
The launch of this new enrollment location represents the ongoing expansion of CLEAR’s national TSA PreCheck enrollment footprint. Throughout 2025, CLEAR will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals.
“TSA PreCheck Enrollment through CLEAR provides a fast and efficient travel experience,” said CLEAR CEO Caryn Seidman-Becker. “We’re excited to bring this trusted traveler program to Plaza Las Américas, the Caribbean’s largest shopping center, delivering greater convenience with expanded enrollment options beyond the airport.”
“Plaza Las Américas is proud to offer TSA PreCheck enrollment with CLEAR,” said Edwin Tavárez, General Manager at Plaza Las Américas.“As the Caribbean’s largest shopping center and a key destination for travelers, this new service provides added convenience for our visitors, making it easier than ever to prepare for a seamless airport experience.”
Hours of operation at Plaza Las Américas are Monday through Saturday from 11 a.m. AST to 7 p.m. AST, and Sunday from Noon AST to 7 p.m. AST. The location is on level 1 of Plaza Las Americas, across from the Lacoste store. Enter via the entrance near the Genesis store, proceed straight ahead, and take a right before the escalator. Look for the TSA PreCheck through CLEAR standing banners and pods.
TSA PreCheck members benefit from the convenience of keeping shoes, belts and light jackets on through the airport security checkpoint, and keeping laptops and 3-1-1 compliant liquids in carry-on bags. Members typically get through security screening much faster, with about 99% of members waiting less than 10 minutes at airport checkpoints nationwide.
New TSA PreCheck applicants can pre-enroll or find an enrollment location by visiting the authorized CLEAR’s authorized TSA PreCheck website, https://tsaprecheckbyclear.tsa.dhs.gov/. Most existing TSA PreCheck members can renew directly on the website, regardless of the provider they enrolled with originally.
TSA PreCheck is a Department of Homeland Security (DHS) Trusted Traveler program that allows enrolled travelers expedited screening through airport security. TSA PreCheck lanes are located at over 200 airports with nearly 100 airlines participating. Since TSA first launched the TSA PreCheck application program as a DHS Trusted Traveler Program for low-risk travelers in December 2013, active membership in the program has grown to more than 20 million members.
About CLEAR CLEAR’s mission is to create frictionless experiences. With over 27 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.
About Plaza Las Américas Plaza Las Américas is the leading shopping center in Puerto Rico and the Caribbean. It is part of a family-owned group of Puerto Rican companies with a commercial tradition that began at the 19th century. The shopping center has over 300 retailers and services, including around 50 food stands or restaurants, and 15 movie theaters. With 2 million square feet, Plaza Las Américas is located in the heart of the San Juan Metropolitan Area, adjacent to the central business district of the Island, and 15 minutes away from the port of San Juan, the Luis Muñoz Marín International Airport, the Convention Center and most of the hotels in the metropolitan area.
Forward-Looking Statements This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.
Source: United Kingdom – Executive Government & Departments
News story
Company selling dangerous motorcycle helmets handed large fines
Bikers Lifestyle Ltd has been ordered to pay over £10,000 in fines and costs after selling motorcycle helmets that “catastrophically failed” safety tests.
The Driver and Vehicle Standards Agency (DVSA) has successfully prosecuted Bikers Lifestyle Ltd for selling motorcycle helmets and eye protection that fail to meet UK safety standards.
The company was found guilty of 7 separate offences at Willesden Magistrates Court on 20 January 2025 and ordered to pay over £10,000 in fines and costs.
Tests revealed that 3 out of 4 helmets failed safety requirements catastrophically, with one helmet recording results that indicated a 100% risk of fatality in a collision.
Critical safety failures
DVSA’s Market Surveillance Unit conducted tests at an independent laboratory specialising in motorcycle helmet testing. The results showed:
3 helmets catastrophically failed safety testing
the fourth helmet passed impact tests but was not marked and labelled in accordance with regulations, so it was not legal for sale or use in the UK
all tested eye protection failed to meet required standards
Legal action and penalties
The magistrates found a high degree of culpability and determined there was a high risk of harm to consumers. The company was ordered to pay:
£4,000 for helmet-related offences (£1,000 per helmet)
£1,500 for eye protection offences (£500 per item)
£2,000 victim surcharge
£2,694 prosecution costs
In total, the fines and costs came to £10,194.
Recall of dangerous products
Bikers Lifestyle Ltd has been ordered to remove non-compliant products from future supply.
They are also required to recall those products already supplied in the UK market.
Protecting you from unsafe equipment
Sadie Clarke, DVSA investigation lead, said:
Sub-standard helmets and eyewear pose a very real and significant risk to any motorcycle rider using them.
Tests on items sold by Bikers Lifestyle Ltd showed they would be incapable of offering the necessary protection required in the event of an accident and the consequences could be catastrophic.
DVSA will continue to work with Trading Standards and other agencies to make sure that these kinds of products do not make their way onto the market in the UK. This case should act as a warning to any other company that considers selling unfit safety products.
You can also check advice and guidance from reputable organisations that specialise in motorcycle safety.
Report someone making or selling unsafe or illegal vehicles or equipment
You can report someone selling accessories that do not meet safety standards. You can do this anonymously (not giving your name), or you can give your details.
TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) — A growing financial divide is emerging across Canada, with some borrowers benefiting from lower interest rates while others struggle under mounting debt. According to Equifax Canada’s Q4 2024 Market Pulse Consumer Credit Trends Report, some Ontario mortgage holders are experiencing severe financial distress, with delinquencies more than 50 per cent higher than pre-pandemic levels.
Total consumer debt in Canada reached $2.56 trillion at the end of 2024, a 4.6 per cent increase over 2023. Non-bank auto loans drove much of this increase, rising 11.7 per cent year-over-year, while the average non-mortgage debt per consumer reached $21,931, exceeding pre-pandemic levels.
“While some consumers are doing better and seeing financial improvements from lower interest rates, financial pressures have intensified for some Canadians, as well as mortgage holders in certain regions, in particular in Ontario and British Columbia,” said Rebecca Oakes, Vice President of Advanced Analytics at Equifax Canada. “At first glance, the numbers are not concerning, but when we look deeper at a more granular level, many are feeling the strain of high living costs and mortgage renewals with higher payments, while other consumers are doing better and seeing financial improvements from lower interest rates and income growth.”
For some homeowners, rate cuts have provided some relief. Some borrowers with home equity lines of credit have seen delinquency rates stabilize. Many of these consumers have improved their credit card repayment habits, with more people paying off balances in full.
Ontario Mortgage Holders Under Pressure and Missing Payments More than 11,000 mortgages in Ontario recorded a missed payment in Q4 2024 — nearly three times the number seen in 2022. Mortgage holders who are falling behind in their payments are also carrying substantially higher mortgage balances, reflecting the continued financial strain of higher than pre-pandemic interest rates. The 90+ day mortgage balance delinquency rate in Ontario surged 90.2 per cent year-over-year to 0.22%, far outpacing the change in delinquency rates in other provinces, with BC at 37.7 per cent, Alberta at -3.6 per cent, Quebec at 41.2 per cent, the Prairies (MB and SK) at 0.6 per cent, and the Atlantic provinces (NL, PE, NB, NS) at 15.7 per cent.
Ontarian mortgage holders are struggling with other forms of debt as well. The 90+ day non-mortgage balance delinquency rate jumped 46.1 per cent from Q4 2023, while other provinces saw smaller rate jumps, with BC at 21.6 per cent, Quebec at 23.3 per cent, Alberta at 6.1 per cent, the Prairies (MB and SK) at 4.1 per cent, and the Atlantic provinces (NL, PE, NB, NS) at 1.5 per cent. In addition, Ontario’s overall rise in non-mortgage delinquency rate was 23.9 per cent, above the national average of 18 per cent.
“Mortgage holders will typically do everything they can to keep up with payments,” Oakes explained. “The fact that we’re seeing missed payments rise so sharply suggests deeper financial strain. Depending on the type of credit, missed payments have increased from 10 to 80 per cent, compared to pre-pandemic levels.”
In Toronto, 90+ day non mortgage delinquency rates hit 2.06 per cent, higher than most major cities, reflecting the region’s unique financial challenges.
Canadian Housing Market: Rebound Tempered by Renewal Challenges
The overall Canadian mortgage market showed signs of recovery, with new mortgage originations rising 39 per cent year-over-year. First-time homebuyers returned, with a 28.2 per cent increase from the extreme lows of purchases in Q4 2023. Although the average loan amount for first-time buyers remains 6.6 per cent higher than Q4 2023, monthly payments have decreased 7.9 per cent, or $200 lower, to an average loan amount of $2,330.
Mortgage renewals and refinancing accounted for over 50 per cent of new mortgage originations in Q4 2024, increasing 10.6 per cent from 2023. The average loan amount and balance on mortgage renewals in 2024 surpassed those in 2023 and 2022, with the average balance increasing by 2.9 per cent in 2024 compared to 2023.
Many consumers renewing their mortgage continue to have higher monthly payments due to elevated interest rates compared to pre-pandemic and pandemic levels, when they last locked in their low rates. This reality is expected to affect around a million mortgages due for renewal in 2025, originating from the low-interest-rate environment of 2020. These borrowers may face significantly higher payments despite recent rate reductions. A quarter of mortgage-holders saw their monthly mortgage payment increase by over $150 at renewal in Q4 2024.
Consumer Spending and Credit Behaviour
Credit card debt climbed 7.8 per cent in Q4 2024, though at the slowest rate since 2022. Seasonal spending in December hit a two-year high, with average credit card purchases adjusted for inflation reaching $2,228 per cardholder, a 2.2 per cent increase from 2023.
Younger and lower income Canadians are experiencing missed payments on credit cards, auto loans, and lines of credit, signaling financial strain among these groups.
“Despite recent rate cuts and GST tax relief, challenges persist for certain consumers, particularly in consumer debt and housing. The added uncertainty of U.S. tariffs underscores the need for a balanced approach to debt, affordability, and trade. The coming year will be critical for Canada’s economic stability,” said Oakes.
Age Group Analysis – Debt & Delinquency Rates (excluding mortgages)
Average Debt (Q4 2024)
Average Debt Change Year-over-Year (Q4 2024 vs. Q4 2023)
Delinquency Rate ($) (Q4 2024)
Delinquency Rate ($) Change Year-over-Year (Q4 2024 vs. Q4 2023)
18-25
$8,483
3.84%
1.92%
15.17%
26-35
$17,467
0.87%
2.24%
21.24%
36-45
$27,042
1.96%
1.85%
23.20%
46-55
$34,564
3.71%
1.33%
19.04%
56-65
$28,714
5.53%
1.11%
14.26%
65+
$14,635
3.82%
1.11%
5.55%
Canada
$21,931
2.98%
1.53%
17.98%
Major City Analysis – Debt & Delinquency Rates (excluding mortgages)
City
Average Debt (Q4 2024)
Average Debt Change Year-over-Year (Q4 2024 vs. Q4 2023)
Delinquency Rate ($) (Q4 2024)
Delinquency Rate ($) Change Year-over-Year (Q4 2024 vs. Q4 2023)
Calgary
$24,078
0.81%
1.67%
16.23%
Edmonton
$23,665
-0.22%
2.17%
19.00%
Halifax
$21,278
1.46%
1.53%
21.37%
Montreal
$17,057
3.16%
1.43%
20.48%
Ottawa
$19,634
1.75%
1.47%
24.45%
Toronto
$21,054
3.34%
2.06%
23.75%
Vancouver
$23,251
4.12%
1.24%
15.81%
St. John’s
$23,968
1.02%
1.47%
3.62%
Fort McMurray
$37,861
0.26%
2.41%
11.72%
Province Analysis – Debt & Delinquency Rates (excluding mortgages)
Province
Average Debt (Q4 2024)
Average Debt Change Year-over-Year (Q4 2024 vs. Q4 2023)
Delinquency Rate ($) (Q4 2024)
Delinquency Rate ($) Change Year-over-Year (Q4 2024 vs. Q4 2023)
Ontario
$22,597
3.51%
1.64%
23.91%
Quebec
$19,156
2.83%
1.08%
16.88%
Nova Scotia
$21,349
2.45%
1.66%
9.28%
New Brunswick
$21,548
2.71%
1.68%
5.80%
PEI
$23,664
3.44%
1.23%
14.34%
Newfoundland
$24,843
3.82%
1.49%
0.05%
Eastern Region
$22,272
2.88%
1.59%
6.32%
Alberta
$24,537
0.74%
1.91%
17.11%
Manitoba
$18,150
2.64%
1.69%
3.14%
Saskatchewan
$23,265
2.29%
1.77%
11.09%
British Columbia
$22,583
3.61%
1.36%
14.16%
Western Region
$22,911
2.34%
1.64%
14.09%
Canada
$21,931
2.98%
1.53%
17.98%
* Based on Equifax data for Q4 2024
About Equifax At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.
We humans often underestimate the intelligence of other animals. You’ve probably seen videos of monkeys, ravens or parrots solving puzzles.
But fish also possess impressive problem-solving skills, despite the notorious slander that goldfish have a three-second memory.
The intelligence of animals can be a useful tool when testing various ideas in biology. For example, could intelligence have evolved in part thanks to sexual selection, rather than as a means of survival?
In a new study published in Nature Ecology & Evolution, we used distinct tests to measure cognitive abilities of male mosquitofish – a thumb-sized fish endemic to central America but now a major pest in many parts of the world, including Australia.
We then tracked how many offspring each male produced when competing for mates in small ponds. Our study showed that smarter males had more offspring than their less intelligent brethren.
Our findings imply that the evolution of cognitive abilities may have been driven by sexual selection, with smarter males gaining more mating opportunities.
To be smart is to survive
Cognitive abilities, such as learning and problem solving, likely arose because they helped animals gather food, find shelter and avoid predators.
Individuals that were better at these tasks lived longer and passed on genes to their offspring that improved the offspring’s performance. Natural selection favoured smarter survivors who had more descendants than the average individual.
As a result, populations became smarter over time.
But there is another explanation for the evolution of intelligence: smarter is sexy. A better brain might help an animal find more mates, have more sex, and eventually have more babies.
If this is the case, intelligence partly evolved through sexual selection, where traits that boost mating and fertilisation success become more common over generations.
We did our study on male fish – sexual selection is usually stronger on males than females, because in most species there are more males seeking mates than females ready to mate and breed.
A shoal of mosquitofish. David Fanner
Measuring animal IQ
Even in humans, intelligence can be difficult to pin down: maths skills, creativity, street smarts, and standardised IQ tests all capture different aspects of human braininess.
For animals, this challenge is tougher still. But biologists broadly agree that cognition is the ability to acquire, store, process, and act on information; and that distinct cognitive abilities are governed by different brain regions.
We designed four special underwater tests to tap into these distinct cognitive abilities of our male mosquitofish.
First, we measured their spatial learning by placing fish in a maze with a single correct route that led them to a shoal of their compatriots. Mosquitofish are highly motivated to swim with other fish, so reaching this shoal acts as a reward for solving the maze.
Second, we measured their self-control (formally called “inhibitory control”) by placing a transparent barrier between the fish and a reward. We then documented how quickly a male learned not to swim into the barrier but to detour around it.
A variation of the apparatus used to test self-control in mosquitofish. Fish needed to overcome their impulse to swim straight through the transparent barrier and detour it instead. Ivan Vinogradov
Then, we measured associative learning by presenting a fish with two coloured corridors once a day. One colour (for example, green) led to a dead end, while the other (for example, red) to a reward.
The number of days it took a male to consistently choose the correct corridor – the one with a reward – indicated how quickly they learned the association.
Lastly, we reversed the colour cues to measure reversal learning. If green, for example, was previously the dead end, it now became the reward corridor, while red became the dead end. This tested how quickly the fish could “overwrite” his previously learned association to learn the new one.
A winning edge in mating
After these tests, we moved the males to ponds where they competed for mates. Two months later, the females gave birth, and genetic paternity tests revealed who fathered each offspring.
Males that scored highly on self-control and spatial learning had significantly more children. But why?
Something about these males seemingly gave them an edge in securing mating opportunities. Perhaps females recognised and preferred smarter males? Maybe smarter males were better at chasing the females and forcing them to mate (a common, if unpleasant, practice in mosquitofish).
Future research is needed to observe the males’ mating behaviours more closely and see if smarter and dumber males differ in how they court mates.
Our research sheds light on the evolution of our most prized possession – the brain. It seems that sophisticated intelligence isn’t only driven by our need to find food or avoid danger to survive, but also by the complex challenges of finding love.
Ivan Vinogradov 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.
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Residential complex in Tyumen, built using “DOM.RF” mechanisms
In 2024, with the participation of the company “DOM.RF”, more than 8.9 million square meters of housing were commissioned in 60 regions for more than 178 thousand families. Including 3.2 million square meters of houses were built on land transferred through auctions, and more than 1.44 million square meters – using infrastructure bonds. This was reported by Deputy Prime Minister, Chairman of the Supervisory Board of “DOM.RF” Marat Khusnullin.
“The primary objective of our work is to improve people’s housing conditions. According to the President’s instructions, by 2030 we need to increase the average housing provision to 33 square meters per person. A whole range of measures is being used to solve these problems. We understand that decent housing is not just square meters, it is the basis for the well-being of each family, a guarantee of stability and confidence in the future. Therefore, in addition to quantitative indicators, we pay special attention to the quality and comfort of the housing being built. DOM.RF also makes a significant contribution to our common cause. Thus, with the company’s participation, more than 8.9 million square meters of housing for 178 thousand families were built in 2024,” said Marat Khusnullin.
Over the past year, the largest volumes of housing commissioned using the DOM.RF mechanisms were in such regions as Tyumen Oblast (830.3 thousand sq. m), Krasnodar Krai (over 824 thousand sq. m), St. Petersburg (745.2 thousand sq. m), Moscow (712 thousand sq. m) and Sverdlovsk Oblast (over 708 thousand sq. m).
DOM.RF also transfers development sites to construction companies and regions. In 2024, regional authorities in 42 regions issued permits for the construction of housing with a total area of over 3.6 million square meters on such sites. In addition, during the specified period, the company involved 637 sites with a total area of over 3.7 thousand hectares in 63 regions in circulation for housing and other construction.
“The past year was quite significant for the construction industry in terms of introducing new, even more effective mechanisms that allow investors to reduce their expenses, speed up the launch of new projects, and provide an opportunity to “reboot” huge territories. Thus, the new format of “DOM.RF” auctions were launched, combining mechanisms for integrated development of territories and “for a share”, and within the framework of the implementation of KRT projects on sites from “DOM.RF” in Rostov-on-Don, Tyumen and Bashkiria, the first houses with a total area of more than 142 thousand square meters were commissioned. Today we see that the use of these tools gives a new impetus to housing construction in the country,” noted Vitaly Mutko, General Director of “DOM.RF”.
In addition, in 2024, the government commission for housing development and land use efficiency assessment approved 14 KRT projects with a development potential of 2.49 million sq. m in nine regions. Eight regions approved 17 projects for 980 thousand sq. m of housing. Also, DOM.RF concluded 21 agreements with developers for the implementation of KRT projects for the construction of 4.1 million sq. m of housing with the necessary infrastructure.
Currently, the implementation of KRT projects has already begun in Khabarovsk Krai, Yaroslavl, Ryazan and Volgograd regions for 3.6 million square meters of housing. Thanks to the activities of DOM.RF, two schools and four kindergartens for 3.3 thousand children were opened in 2024 within the framework of KRT projects.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Source: Africa Press Organisation – English (2) – Report:
NAIROBI, Kenya, February 25, 2025/APO Group/ —
Marriott International, Inc. (www.Marriott.com) today unveiled plans to open two luxury tented safari camps in Kenya, following the signings of The Ritz-Carlton, Masai Mara Safari Camp (https://apo-opa.co/4bhGcSb) and JW Marriott Mount Kenya Rhino Reserve Safari Camp with Lazizi Mara Limited and Lazizi Solio Limited, respectively, both part of the Lazizi Group of Companies. Underscoring the company’s commitment to expanding its world-class luxury portfolio and offerings for unique travel experiences, the anticipated properties aim to set new standards for high-end, luxury hospitality in some of Africa’s most breathtaking safari destinations.
“Building off of the incredible success we have seen thus far in our luxury safari portfolio in Africa and the growing appetite for outdoor lodging and nontraditional hospitality experiences, the signing of these agreements with Lazizi Group of Companies marks another milestone in Marriott International’s growth,” said Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. “The Ritz-Carlton, Masai Mara Safari Camp and JW Marriott Mount Kenya Rhino Reserve Safari Camp will offer opportunities for wildlife encounters, elegant designs, and exemplary service that promise to create lasting memories.”
Shivan Patel, Director of Lazizi Group of Companies, comments, “Kenya is synonymous with the ultimate safari experience. These projects are set to redefine Kenya’s luxury safari segment while promoting conservation and community development. Our continued collaboration with Marriott International underscores our shared commitment to delivering exceptional guest experiences that celebrate the region’s natural and cultural heritage.”
The Ritz-Carlton, Masai Mara Safari Camp
Expected to open in August 2025, The Ritz-Carlton, Masai Mara Safari Camp will introduce the brand’s legendary service and elegant design to the Sub-Saharan Africa region. The property will be located within the heart of the Masai Mara National Reserve, renowned for its abundant wildlife, breathtaking landscapes, and the Great Migration, where millions of wildebeest, zebras, and gazelles journey from the Serengeti to the Masai Mara each year. Elevated amongst the trees on a secluded island surrounded by the famous Sand River near the Tanzanian border, this treetop retreat will offer picturesque views of the riverbanks and forest, giving guests a front-row seat to experience the majesty of the Great Migration.
The Ritz-Carlton, Masai Mara Camp is expected to feature 20 elegantly appointed tented suites, including a four-bedroom presidential suite, each with a separate living area, private sunken lounge, infinity plunge pool, and indoor and outdoor showers. Plans include refined dining experiences across multiple venues, including a multi-cuisine restaurant with a curated wine cellar, a stargazing sky deck, and an authentic boma. Additional leisure facilities will include a spa and wellness centre, outdoor gym, swimming pool, discovery hub, map room and a photography studio. Guests can anticipate exclusively curated game drives as well as other bespoke cultural experiences.
“These projects are poised to elevate the luxury safari experience, creating an entirely new standard for discerning travellers,” added Sandeep Walia, Chief Operating Officer, Middle East & Luxury, Europe, Middle East & Africa. “The growth of our luxury safari portfolio and The Ritz-Carlton’s debut into the segment represents a defining moment for the brand. This project seamlessly blends The Ritz-Carlton’s legendary sophistication with the untamed beauty of the Masai Mara, delivering a transformative escape and an innovative, first-of-its-kind offering that will shape the future of luxury safari travel.”
JW Marriott Mount Kenya Rhino Reserve Safari Camp
Expected to open in early 2026, the JW Marriott Mount Kenya Rhino Reserve Safari Camp is poised to provide the perfect retreat for the mind, body, and soul, bringing the brand’s exceptional service and sophisticated design to the heart of the Solio Game Reserve. Nestled between the majestic slopes of Mount Kenya and the peaks of the Aberdare Mountains, this sanctuary will offer an immersive wildlife experience within the 45,000-acre game reserve, and 19,000-acre Solio Ranch Conservancy. Internationally recognised for its successful rhino breeding programme, the conservancy provides unparalleled encounters with white and endangered black rhinos, along with other indigenous wildlife including leopards, cheetahs, and plains game.
The camp is expected to feature 20 luxurious tented units, including two two-bedroom suites, each with a private plunge pool. Design plans include multiple tranquil wellness spaces inviting guests to fully embrace the present moment including the brand’s signature JW Garden, along with four culinary experiences including a traditional restaurant and a sky deck dining venue. Additionally, the property will offer a signature Spa by JW, swimming pool, fitness centre, conservation house, horse barn, retail boutique, and animal viewing hide. A wide range of experiences will be offered including guided horse-riding safaris, night game drives, guided nature walks, quad biking across the Solio plains, and visits to a private rhino orphanage.
Commitment to Conservation and Community
Conservation of the land and its inhabitants will be at the heart of these projects. Both properties will be constructed using sustainable materials and prioritise energy-efficient infrastructure to minimise ecological impact and preserve wildlife habitats. Additionally, the properties will engage with local communities through job creation, education programmes, and wildlife conservation initiatives, ensuring that tourism benefits are widely shared.
The Ritz-Carlton, Masai Mara Safari Camp and JW Marriott Mount Kenya Rhino Reserve Safari Camp will mark Marriott’s second and third luxury safari camps in Kenya following the successful opening of JW Marriott Masai Mara Lodge in 2023. Marriott International’s portfolio in Kenya includes seven properties and more than 1,100 rooms.
Check against delivery.
1 Introduction
Ladies and gentlemen,
A warm welcome to you from me as well.
Before we start looking at the 2024 annual accounts together in a few minutes, allow me to make a few introductory remarks.
The President has already said it: the monetary policy measures of the past few years are still having an effect. They are also reflected on central banks’ balance sheets.
As you know, the Bundesbank started making provision for the increased financial risks early on, in the annual accounts for 2016. These risks materialised yet again in 2024.
On balance, the Bundesbank posted losses of around €19.8 billion in 2024, after a loss of €21.6 billion in the previous year. In 2023, however, we recorded a net distributable profit of zero because we used all of our provision for general risk and some of our reserves to offset losses. For 2024, remaining reserves totalling €0.7 billion were still available to offset some of the loss. The Bank is thus reporting an accumulated loss of €19.2 billion for 2024.
Let me share three important messages:
We have reached the peak of the losses.
Net equity has climbed to more than €250 billion.
There is a revaluation reserve of over €260 billion for the gold.
So the Bundesbank’s balance sheet is sound.
The positive message is that the Bundesbank is fully able to perform its tasks even in the face of losses.
This slide shows that the Bundesbank’s net equity increased significantly, rising by €50 billion or roughly 25%. We will look at the development of net equity in detail in just a moment.
Now let’s take a closer look at developments in the annual accounts for 2024.
2 Balance sheet
First, let’s look at the assets side of our balance sheet:
Total assets once again declined as a result of monetary and foreign exchange policy activities: they were down by around €149 billion, or 5.9%. Viewed over multiple years, though, total assets are still up on the end of 2019 – that is to say, their level before the pandemic and before the start of the highly accommodative monetary policy.
As in the previous year, the decline in total assets has three main drivers on the assets side:
First, securities holdings from the monetary policy purchase programmes decreased by €98 billion: this was largely concentrated on the APP portfolio, for which reinvestments of principal payments were discontinued as of July 2023. For the PEPP, meanwhile, reinvestments were gradually reduced to zero only as of the second half of 2024. We will see the effects of this more clearly in the 2025 annual accounts.
Second, lending related to monetary policy operations contracted by €67 billion, above all due to the phase-out of the TLTROs conducted at particularly favourable interest rates during the pandemic.
Third, liquidity outflows meant that the TARGET claim on the ECB fell by €47 billion in 2024.
On the liabilities side of the balance sheet, there was a corresponding significant decline in deposits: liabilities related to monetary policy operations fell on the year to €960 billion. In addition, other euro balances dropped on the year to €134 billion, mainly owing to smaller balances of non-euro area central banks.
Another key item on the liabilities side is banknotes in circulation: when the negative interest rate policy period ended in 2022, growth in the volume of banknotes in circulation within the Eurosystem had effectively come to a halt due to the higher opportunity cost of holding cash. Only in recent months has growth picked up again at individual national central banks. The Bundesbank’s share of the Eurosystem’s banknotes in circulation reported on the balance sheet under liabilities item 1 “Banknotes in circulation” rose to €389 billion. The volume of banknotes issued by the Bundesbank actually increased more than in the rest of the euro area. This can be seen in liabilities sub-item 9.2 “Net liabilities related to the allocation of euro banknotes within the Eurosystem”, which has risen to €567 billion.
The third aspect I would like to discuss is the revaluation accounts item: this item increased on the year, climbing by €70 billion to €267 billion.
You will see a breakdown of the revaluation accounts item on the next slide.
The revaluation reserve for gold contained within that item has risen by €69 billion to €263 billion based on the market value of gold as at the reporting date. The revaluation reserve for gold has grown strongly when viewed over the long term, in particular. This revaluation reserve is currently almost thirteen times as high as its level when monetary union was launched at the start of 1999.
The revaluation reserve for foreign currency has increased by €1 billion, driven by the weaker euro. This growth is mainly attributable to assets denominated in US dollars.
The revaluation reserves also have an impact on net equity, as shown on the next slide.
Net equity comprises:
capital and reserves;
the provision for general risk;
the revaluation accounts item; and
as of the 2024 annual accounts, the accumulated loss.
Looking at developments over multiple years, we can see that net equity developed positively in 2020 and 2021 over and above the increase in the provision for general risk (rising from €186 billion to €197 billion). In 2022, net equity went up to €207 billion, even though the Bank released some of the provision for general risk. In 2023, the provision for general risk in the amount of €19.2 billion was fully released to offset losses; however, the decline in net equity was much smaller, at €7 billion. This was mainly because of further growth in the revaluation reserve for gold owing to movements in the price of gold. Given that the revaluation reserves are now at their highest ever level of €267 billion, net equity rose overall to €251 billion in the reporting year, despite the accumulated loss of €19.2 billion, and is now at an all-time high.
Having net equity of €251 billion shows that the Bank can absorb the existing and prospective losses. It is fully able to fulfil its mandate. Our balance sheet is sound.
3 Profit and loss account
Let’s now turn our attention to the profit and loss account.
Joachim Nagel has already pointed it out: the Bundesbank’s earnings situation has improved only slightly on the year. The turnaround in interest rates and the associated key interest rate hikes in 2022 and 2023 have set many things in motion. Much like in 2023, the combination of long-term monetary policy securities – generating low levels of remuneration – on the assets side and short-term deposits remunerated at higher rates on the liabilities side was a source of considerable strain in 2024.
The burdens arising from interest rate risk are affecting us via two channels this year:
via our own securities holdings; and
via securities carried on the balance sheets of the other national central banks in cases where these securities are subject to income and risk sharing and are thus included in the pooling of monetary income among national central banks.
Now to the main items of our current profit and loss account:
The largest component of the profit and loss account isnet interest income. In bar 1, you can see that this has improved slightly, rising by €0.8 billion on the year. But at -€13.1 billion, it is clearly in negative territory, as it was in the previous year.
Why is that so? As already touched upon, the monetary policy asset purchases have given rise to longer-term fixed interest positions (generating a low level of remuneration). The counterparts of these on the liabilities side of the balance sheet – after deducting banknotes in circulation – are short-term interest-bearing deposits of commercial banks. The mismatch in maturities has left an open euro interest rate position on the balance sheet. The significant increase in the deposit facility rate in 2022 and 2023 is continuing to cause interest rate risk from this open interest rate position to materialise – putting net interest income under strain.
Specifically, this means that while the remuneration of monetary policy securities increased only marginally (to 0.54% on average), credit institutions’ monetary policy deposits resulted in a significant interest charge (of 3.81% on average for the year) owing to the higher deposit facility rate. This gives us a negative interest margin of -3.28% for 2024. On average for the year, this negative interest margin is actually up slightly on 2023 (-2.90%). However, maturing monetary policy securities, in particular, resulted in the open euro interest rate position being 22% lower on average for 2024, thus placing a lower burden on net interest income overall.
Realised gains arising from financial operations and write-downs related to foreign exchange and securities (bar 2) were, at €860 million, up by €467 million on the year on balance. Realised gains (mainly US dollars in the case of foreign exchange and US Treasury notes in the case of securities) – which were still coming under pressure from the stronger US dollar in the previous year – rose by €638 million to €1.2 billion in 2024.
At the same time, there were larger write-downs in the amount of €324 million. This is €171 million more than in the year before. While the need for write-downs on foreign exchange holdings was lower than in the previous year, there was a greater need for write-downs on securities holdings denominated in foreign currency, primarily as a result of higher capital market yields on US Treasury notes.
That brings me to monetary income. This comprises interest income from monetary policy assets, less interest paid on their counterpart liability items. In the Eurosystem, the resulting net interest income is shared according to the capital key.
At -€5.4 billion, the net result of pooling monetary income (bar 3) in 2024 was roughly the same as in the previous year. The lion’s share is still attributable to redistribution effects relating to monetary policy supranational securities. These are securities issued by supranational institutions, such as the European Union. These securities were purchased by other national central banks as part of PSPP and PEPP purchases. The Bundesbank itself has no holdings. The Eurosystem’s holdings came to an annual average of €398 billion. Income and risks are shared within the Eurosystem.
The supranational securities holdings generate only a low level of remuneration. Compared with the main refinancing rate, theinterest margin is thus negative at around -3.6% on an annual average for 2024. The lower income resulting from this for the affected national central banks is balanced out among the national central banks via the common pool of monetary income. Based on its capital share of 26.6%, the charge for the Bundesbank came to around €3.8 billion.
Staff costs (bar 4) in 2024 were down by €623 million to €1.5 billion. The decrease was caused by one-off effects in the previous year, in which additional transfers to staff provisions were necessary.
For 2024, this initially results in a loss for the year of €19.8 billion, which is €1.8 billion lower than the loss in 2023 before releasing the provision for general risk.
In the previous year, however, it was possible to offset the loss by fully releasing the provision for general risk of €19.2 billion (bar 6) and making withdrawals from reserves to the tune of around €2.4 billion (bar 7). By contrast, there are only reserves of just under €0.7 billion left available to offset the loss in the reporting year.
The profit and loss account for financial year 2024 thus closed with an accumulated loss of €19.2 billion, which will be carried forward to 2025.
4 Conclusion
I shall now conclude my remarks by summarising the main takeaways.
The financial burdens remained considerable in 2024. We expect the burdens to subside significantly as early as 2025. Nevertheless, they will remain considerable.
The open euro interest rate position will shrink further in size now that reinvestments under the PEPP have now also been phased out. Monetary policy securities holdings will become smaller as they mature. In addition, the negative interest margin will decrease because the lower deposit facility rate will reduce the interest expense for credit institutions’ monetary policy deposits.
Overall, we expect to report losses and carry them forward for some time and that we will therefore be unable to distribute any profit for an extended period of time.
That brings me to the most important message of my speech today.
The Bundesbank has considerable assets. These are significantly in excess of its obligations. Our revaluation reserves, for instance, amount to €267 billion. Net equity comes to more than €250 billion.
In short, the Bundesbank can bear both the current and the foreseeable financial burdens. What this shows is that the Bundesbank remains able to fully discharge its tasks even with an accumulated loss.
The Bundesbank’s balance sheet is sound.
Thank you.
VICTORIA, Seychelles, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released a report highlighting the transformative impact of artificial intelligence on the hiring process. The findings reveal that utilizing AI Bitget has reduced hiring timelines by 38%, streamlined talent acquisition, and improved candidate-job alignment, significantly increasing workforce efficiency.
Key Takeaways
The introduction of AI in recruitment reduced Bitget’s average hiring time by 38%.
AI-powered resume screening reduced manual processing by 76%, allowing HR department to focus on higher-level candidates.
Recruitment costs dropped by 25% due to automated hiring workflows.
Employee retention improved by 15%, as a better candidate-job fit led to a lower first-year attrition rate.
AI-driven candidate ranking and skill-job matching increased hiring accuracy, lowering bias in recruitment decisions by 38%.
Traditional hiring methods often result in slow recruitment cycles, high costs, and mismatches between candidates and job roles. Bitget implemented an AI-driven recruitment solution that automates resume screening, interview scheduling, and candidate evaluation. By leveraging machine learning and predictive analytics, the platform optimized hiring decisions based on skill-job compatibility, past performance metrics, and cultural fit. This transition to AI-driven recruitment has accelerated the company’s hiring process while maintaining high selection standards.
Before implementing AI-driven hiring, Bitget relied on manual candidate screening and external recruitment agencies, which made recruitment costly and time-consuming. The average hiring cycle lasted 48 days, with some technical positions taking up to 50 days to fill. High dependence on third-party agencies accounted for nearly 40% of total hiring costs, while internal HR teams processed up to 500 resumes per month, leading to operational inefficiencies. Despite the company’s rapid growth, traditional hiring methods limited its ability to scale into new markets and product sectors efficiently.
To address these challenges, Bitget introduced an AI-powered recruitment system designed to streamline hiring by automating resume screening, optimizing candidate-job matching, and improving decision-making. The AI model was trained using historical hiring data, evaluating key indicators such as skill compatibility, previous performance, and cultural fit. Integrated with existing HR systems, the technology enabled rapid candidate ranking and selection while reducing human bias.
The results were significant. The average time to hire dropped by 38%, cutting recruitment cycles from 48 to 30 days. Resume screening efficiency improved by 76%, allowing HR specialists to focus on high-value candidates rather than manual filtering. Cost savings reached 25%, primarily due to reduced reliance on external agencies and the automation of administrative hiring processes. Employee retention improved by 15%, as better candidate-job alignment led to a decrease in first-year attrition. Additionally, AI-driven evaluations helped minimize unconscious bias in hiring decisions, resulting in a 38% improvement in hiring accuracy.
“With AI, we’re not just hiring faster — we’re hiring smarter,” said Gracy Chen, CEO of Bitget. “This technology is helping us attract top talent more efficiently while optimizing costs and improving long-term retention.”
Bitget’s AI hiring transformation underscores how automation can enhance workforce efficiency in highly competitive industries. By integrating AI into recruitment, the company has set a new benchmark for efficiency, accuracy, and cost-effectiveness, offering a model that could reshape talent acquisition strategies across the cryptocurrency and technology sectors.
To know more about Bitget’s AI usage in hiring, check the full report here.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, Bitget is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.
Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.
Risk Warning:Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to ourTerms of Use.
BARCELONA, Spain, Feb. 25, 2025 (GLOBE NEWSWIRE) — The International Trading Institute (ITI) is setting a new standard for trader education with the launch of its Master’s in Trading Program—a structured, comprehensive, mentor-led program designed to turn ambitious traders into market professionals.
The part-time program delivers expert training in trading psychology, risk management, algorithmic strategies, and advanced market analysis across all major asset classes. Designed for traders serious about going professional, ITI provides real-world trading experience, direct mentorship, and industry-recognized certifications—fast-tracking participants into full-time trading and finance careers.
The Ultimate Trading Education Experience
Unlike self-learning or short-term courses, ITI’s Master’s in Trading Program offers a structured, hands-on approach to professional trading. The program is designed to offer participants opportunities to:
Trade like the pros – learn professional-level strategies for risk management, execution, and market analysis.
Master trading psychology – train with world-class trading psychologists to develop the discipline needed for trading success.
Gain hands-on experience – engage in real-time trading simulations, case studies, and market analysis.
Access elite mentorship – work directly with top trading professionals for expert guidance and career development.
Earn an industry-recognized certification – graduates will have the option to earn the STA Technical Analysis certification.
Build a professional-grade trading system – develop and refine a reliable, high-performance trading strategy with expert feedback.
“Retail traders often struggle to bridge the gap between independent trading and professional execution,” says Carol Harmer, ITI faculty member. “This program eliminates guesswork, providing structured training, performance coaching, and the professional insights needed to compete at the highest level.”
Led by World-Class Trading Experts
ITI’s faculty includes some of the most respected names in the trading industry, offering unparalleled mentorship and expertise. Featured instructors include:
Steve Goldstein – Trading performance coach specializing in psychology, behavioral finance, and decision-making under uncertainty. Author of “Mastering the Mental Game of Trading” (2024).
Alex Spiroglou – A high-profile cross-asset futures trader and an award-winning researcher in technical analysis.
Sunil Mangwani – Technical trading specialist with expertise in price action, Fibonacci techniques, and trend forecasting.
Steve Ward – Performance coach for hedge funds, investment banks, and professional traders. Author of three books on trader performance and mindset.
Marc Chandler – A widely respected currency expert and seasoned Wall Street strategist.
Carol Harmer – A veteran trader and pioneer of technical trading at top financial institutions.
Ed Ponsi – Respected forex educator, risk management expert, best-selling author, and advisor to hedge funds, institutional traders, and central bankers.
The Psychological Edge: ITI’s Game-Changing Approach
Experts agree that 80% of trading success depends on a trader’s psychological mindset.
Julie Cook, President of ITI, explains why ITI puts mindset training at the core of its curriculum:
“Most trading programs focus on strategy but neglect the mental game. At ITI, we integrate trading psychology into every aspect of learning. Success in today’s markets requires more than just knowledge—it demands resilience, confidence, and an elite mindset.”
Additionally, research shows that structured mentorship can accelerate learning curves and significantly impact performance and outcomes.
According to ITI faculty member Sunil Mangwani, “Mentoring is a key to professionalization for institutional traders. This program duplicates that critical element in the development of traders by providing mentoring by industry experts embedded in the curriculum.”
By incorporating mentorship and psychological training, ITI gives traders the competitive edge they need to succeed faster and more efficiently.
Enrollment Now Open – Limited Spots Available
Applications for the September 2025 cohort are now open. Seats are limited, and early applicants receive live Q&A sessions with industry experts and early scholarship opportunities.
The International Trading Institute (ITI) is a leading educational institution offering a groundbreaking Master’s in Trading Program to equip traders with cutting-edge knowledge, tools, and mentorship for success in global financial markets. With industry veterans as faculty and a rigorous, real-world curriculum, ITI is setting a new standard in trading education.
Source: United Kingdom – Executive Government & Departments
News story
New powers for police to tackle neighbourhood crime
In one of the biggest legislative updates to policing for decades, a package of new laws will tackle antisocial behaviour, shop theft and street crime.
The Crime and Policing Bill, which is central to the government’s Plan for Change and Safer Streets mission, will be introduced in Parliament today and begins its journey to becoming law.
It will also include measures to address the highest-harm crimes impacting society, such as knife crime, violence against women and girls, cybercrime, child sexual abuse, and terrorism.
In new measures announced today, police will be given enhanced powers against theft of mobile phones – no longer needing a warrant to search properties where stolen items have been electronically geolocated.
Under the new warrantless powers of entry, officers will be able to enter premises identified by electronic mapping if stolen items are believed to be there and it is not practicable to obtain a warrant from a court. This can be done through a ‘find my phone’ app, WiFi access points, Bluetooth, mobile network technology or tracking devices attached to any other possession or vehicle.
It will support the police to act swiftly in the ‘golden hour’ of investigations, which is particularly crucial for investigations into theft, helping to provide swifter seizures of stolen property and providing a better service to victims.
Sitting at the heart of the government’s Safer Streets mission and Plan for Change, the new bill will help tackle the crimes that matter most to communities but have been ignored for too long. The new laws will be backed up by the recruitment of 13,000 extra neighbourhood policing roles, with a named officer in every community.
On the introduction of the Crime and Policing Bill, Home Secretary Yvette Cooper said:
This flagship Crime and Policing Bill is at the heart of our mission for safer streets and this government’s Plan for Change.
For too long communities have had to put up with rising town centre and street crime, and persistent antisocial behaviour, while neighbourhood police have been cut. And for years too little has been done to tackle the most serious violence of all including knife crime and violence against women and children.
That is why the new Crime and Policing Bill is about taking back our streets and town centres, restoring respect for law and order, and giving the police and local communities the support and tools they need to tackle local crime.
On the new warrantless powers of entry, Home Secretary Yvette Cooper said:
For the last few years, our towns and cities have seen street theft shoot up, as organised gangs have been targeting mobile phones.
But it is extremely frustrating for victims when they can see exactly where their stolen phone has gone but nothing is done.
That is why we are determined to give the police the powers they need to move fast to crack down on these crimes that are blighting our communities.
It places significant focus on protecting high streets. The effective immunity for shop theft of goods below £200 will be scrapped and retail workers will be better protected from assault.
There will also be increased powers to crack down on repeat antisocial behaviour offenders, with new Respect Orders banning those prolific offenders from our town centres.
Police will be given the power to seize vehicles that cause havoc to communities, allowing them to deal with the scourge of off-road bikes in public parks and dangerous e-scooters on pavements.
The bill will treat VAWG as the national emergency it truly is, ensuring tougher enforcement action against perpetrators and better protection for victims. It will strengthen Stalking Protection Orders, introduce a new criminal offence covering spiking and bar registered sex offenders from changing their name where they continue to pose a threat.
Implementing a flagship recommendation of the Independent Inquiry into Child Sexual Abuse, the bill will create a new duty to report child sexual abuse, backed up by criminal sanctions for those who seek to cover up abuse.
To help rebuild confidence in police, chief constables will be enabled to remove officers who are unfit to serve by allowing them the right to appeal the result of misconduct boards to the Police Appeals Tribunal.
In the year ending September 2024, police recorded one million incidents of antisocial behaviour. In the same period, they recorded over 490,000 shop theft offences, an increase of 23 percent over the previous 12-month period. Instances of theft from a person increased by 22 percent, while there were also over 55,000 recorded offences involving a knife or sharp instrument.
Other measures that have already been announced by the government, such as the presumption of anonymity for firearms officers facing criminal proceedings relating to the use of lethal force in the line of duty, will be introduced later in the parliamentary process. This also includes Ronan’s Law clamping down on the online sales of knives, announced last week.
Clare Sumner, Chief Policy & Social Impact Officer at the Premier League said:
The Premier League welcomes the government’s commitment to making communities safer for all through the introduction of the Crime and Policing Bill. The Premier League and our clubs – together with our partners across the game – are committed to using the power of football to provide positive opportunities for young people.
Launched in 2006 with the Home Office and the Metropolitan Police, Premier League Kicks is one of our flagship programmes delivered by 93 professional football club charities across the country to support young people in high-need areas. The programme provides free, weekly football sessions in safe environments offering mentoring, personal development opportunities and positive pathways for young people.
Asda Chief Commercial Officer (Non-food and Retail), Liz Evans, said:
The Crime and Policing Bill is a major step forward, which builds on the measures that this government has already introduced to deliver the Safer Streets mission. Recent interventions, like the Neighbourhood Policing Guarantee, will help us to directly tackle two significant challenges that we are facing as a business – incidences of assault and shoplifting are daily challenges across our estate, which have a devastating impact on colleagues and customers.
More police working in our communities will have a positive impact as we continue to mitigate those challenges. That is why we warmly welcome this bill and recognise it as a key milestone in combatting retail crime and antisocial behaviour. As I have said before, Asda is ready to work in partnership with our new neighbourhood officers to help reduce crime and improve safety in the areas we serve.
Association of Convenience Stores chief executive James Lowman said:
We strongly welcome the introduction of the Crime and Policing Bill, which we hope will send a clear message that shop theft and assaults on retailers will be taken seriously by both the police and the justice system.
People running and working in shops deserve to be treated with respect, and we believe this bill takes important steps toward that goal.
CEO of Neighbourhood Watch, John Hayward-Cripps, said:
Neighbourhood Watch is delighted that the government is continuing to show its commitment to neighbourhood policing. The focus on addressing and reducing the epidemic of antisocial behaviour, theft, and shoplifting that we all witness in our town centres and communities will play an important role in increasing feelings of confidence in the police, and feeling safer in our local communities.
The reduction in police funding over the last 15 years has been particularly felt in neighbourhood policing, resulting in low public confidence and crimes going unreported, due to the perception that the police do not have the resources to investigate.
The Crime and Policing Bill combined with the additional resources being introduced will enable the police to do the job they want to do, rather than only focusing on their biggest priorities, and signals the government’s commitment to improving our communities and making us all feel safer and more connected.
Dawn Dines, the CEO of Stamp Out Spiking welcomes the introduction of the Crime and Policing Bill with its clear indications that government policy is addressing violent crime, antisocial behaviour, and spiking, as a matter of priority.
Increasing public confidence and the sense that people will be safer on our streets, without the fear of being attacked, together with enhanced police visibility, will go a long way to create community cohesion and confidence in Home Office strategies.
Dawn said:
The key to combatting predators of these spiking crimes, to enhance public protection and to reduce antisocial behaviour, is proactive education. A collaborative approach is essential to satisfy the needs of different communities, environments and changing trends. It is paramount for service providers to have the confidence of receiving current, concise information from key stakeholders, who deal with victims and security, in the day and nighttime economy.
Clearly the detection and prevention of crime is not only a matter for the police. It is the duty of us all, as caring, compassionate citizens, not tolerating a culture of violence where these acts can be committed.
This bill will create a positive impact on encouraging victims – especially of spiking – to come forward, to report, clearly indicating that offending is not acceptable and will have severe consequences.
The full scope of legislation at introduction includes:
Tackling antisocial behaviour by:
giving the police and others stronger powers to tackle antisocial behaviour by introducing Respect Orders
removing the need for police to issue a warning before seizing vehicles, such as off-road bikes being used antisocially
strengthening the use of existing antisocial behaviour powers. The bill also gives ministers the power to issue statutory guidance to councils in England on the enforcement of fly-tipping
Tougher action on knife crime, including:
creating a power to seize, retain and destroy bladed articles found on private property
increasing the maximum penalty for sale of dangerous weapons to under-18s
creating a new criminal offence of possessing a bladed article with the intent to cause harm
Protecting retail workers by:
introducing a new offence of assaulting a retail worker, giving workers in shops up and down the country the protection they need
removing the legislation which makes shop theft of and below £200 a summary-only offence, sending a clear message that any level of shop theft will be taken seriously
Protecting vulnerable children and adults by:
introducing a new offence of child criminal exploitation, alongside a civil preventative order designed to stop the abhorrent exploitation of children by criminals
making cuckooing a specific offence, protecting the most vulnerable people whose homes are used by others to commit criminal activity
extending the current offence of exposure and creating a new child abduction offence
Tackling child sexual abuse, including implementing recommendations from the Independent Inquiry into Child Sexual Abuse by:
banning AI-models optimised to produce child sexual abuse material, and extend existing law criminalising ‘paedophile manuals’ to include material instructing how to use AI to generate child sexual abuse material
criminalising moderators and administrators of websites that host child sexual abuse material
granting Border Force officers the power to search the digital devices of individuals arriving in the UK for child sexual abuse material
introducing a new duty in England for adults working in relevant activities to report instances of child sexual abuse
introducing a new statutory aggravating factor covering grooming behaviour.
Tackling violence against women and girls by:
creating new offences criminalising the taking or recording of intimate images or videos without consent or a reasonable belief in consent
creating a new offence capturing spiking
empowering the police to release the identity online stalkers to victims, alongside strengthening the use of stalking protection orders whilst issuing guidance to agencies on combatting stalking
New powers to tackle serious crime, including:
banning the possession or distribution of electronic devices used in vehicle theft
strengthening the ability to apply corporate criminal liability to the makeup of modern corporations
Strengthening the supervision of offenders in the community by:
reforming the ability of the police to manage registered sex offenders, including restricting their ability to change their name where there is a risk of sexual harm
giving probation officers the power to polygraph test more serious offenders who have committed sexual or terrorism-motivated crimes
Introducing new public order and safety powers, including:
banning the possession of fireworks, flares and other pyrotechnics at protests
criminalising the climbing of specified war memorials, making it clear that such disrespectful behaviour is unacceptable
banning the use of face coverings to conceal a person’s identity at protests designated by the police
Tackling fraud and economic crime by:
prohibiting possession and supply of “SIM farms” with no legitimate purpose
reforming the confiscation powers used to strip convicted criminals of their proceeds of crime
introducing cost protections for law enforcement agencies to protect them from the risk of adverse costs when investigating kleptocrats and high-net worth individuals and corporations
Giving police the powers they need, including:
creating a new targeted power for the police to enter premises to search for and seize electronically tracked stolen goods, ranging from mobile phones to stolen vehicles and agricultural machinery
expanding the lawful purposes by which law enforcement agencies can access the DVLA driver licence records
Tougher action on drugs, including:
expanding police powers to drug test more suspects on arrest, helping direct more drug users into treatment and away from illegal drugs
Enhancing public confidence in policing by:
reforming the Independent Officer of Police Conduct’s (IOPC) investigative processes and giving chief officers of police the right to appeal the result of misconduct boards to the Police Appeals Tribunal
putting the IOPC’s victims’ right of review on a statutory footing.
Update counter-terrorism powers by:
implementing recommendations of the Independent Reviewer of Terrorism Legislation, such as introducing youth diversion orders to divert young people away from terrorism-related activity
Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English
The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). Gateway Real Estate AG failed to submit its accounting documents for the financial year 2023 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.
The company did not lodge an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.