President John Dramani Mahama on Thursday reaffirmed Ghana’s firm commitment to international trade and investment, outlining the wide-ranging reforms actively fostering economic transformation and better governance.
He was speaking during a courtesy call from the Mayor of London, Sir Sadiq Khan.
The President stated that these strategic reforms, begun just six months into his administration, are already showing tangible results.
He spoke about the renewed business confidence, the relative appreciation of the Cedi, and a decreasing inflation rate as important signs of economic stability and progress, especially after recent global challenges and inherited public debt burdens.
“We are striving to cultivate a new sense of thinking, a fresh approach to doing things, and to ensure that we effectively serve the people who elected us to lead,” President Mahama stated.
He elaborated on key government initiatives, including the ’24-Hour Economy’ policy, drawing inspiration from London, a city he described as “never sleeping.”
The President explained, “We’ve launched a 24-Hour Economy initiative to harness Ghana’s vibrant youthful population and address the challenges of rapid urbanisation by promoting continuous economic activity and opportunities.”
President Mahama further emphasised Ghana’s burgeoning digital landscape, indicating the country’s readiness to fully integrate into the global FinTech community with numerous digital services and innovative companies emerging across the country.
He also reiterated the government’s strong focus on agriculture and agribusiness as vital sectors for creating more opportunities, particularly for young people.
Discussions between the two leaders also delved into the deep historical and business ties connecting Accra and London.
President Mahama acknowledged Accra’s rapid growth and expressed Ghana’s keen interest in learning from London’s extensive expertise in urban planning, efficient transport systems, modern waste management solutions, and effective flood control strategies.
“For a city like London, the efficiency of your transport system, even with perceived challenges, is truly remarkable,” the President noted, adding, “We aspire to develop similar reliable systems where punctuality is the norm for our citizens.”
In his remarks, Mayor Sir Sadiq Khan congratulated President Mahama on his re-election and commended the positive signals his administration is sending to the international community regarding Ghana’s potential.
He praised the invaluable contributions of Londoners of Ghanaian origin, who are enriching various sectors of the city’s economy and public life, from healthcare and transport to the arts.
Distributed by APO Group on behalf of The Presidency, Republic of Ghana.
UN High Commissioner for Human Rights Volker Türk on Thursday deplored the killing of dozens of civilians by both parties amid ongoing hostilities in Sudan’s Kordofan region over the past week.
The UN Human Rights Office has verified the killing of least 60 civilians by the Rapid Support Forces (RSF) in North Kordofan’s Bara locality since 10 July. Civil society groups have reported that up to 300 people were killed.
At least 23 other civilians were reportedly killed and more than 30 others injured when airstrikes by the Sudanese Armed Forces (SAF) hit two villages in West Kordofan from 10 to 14 July. In addition, on 17 July, at least 11 civilians – all members of a single family – were killed in a SAF airstrike in Bara locality.
“It is distressing that more than two years since the conflict began parties to the conflict in Sudan continue to demonstrate callous disregard for civilians’ lives and safety,” said Türk.
The latest civilian deaths come amid worrying reports that the RSF is mobilising for an offensive on El Obeid, the capital of North Kordofan state. The UN Human Rights Chief also expressed continued concern for the safety of civilians in El Fasher, North Darfur, following multiple RSF attacks on the besieged city in recent days, including a ground attack on 11 and 12 July, which reportedly resulted in civilian casualties.
“An escalation of hostilities in North Darfur and Kordofan will only further aggravate the already severe risks to civilians and the dire humanitarian situation in a conflict that has already wrought untold suffering on the Sudanese people,” said Türk. “I urge those with influence to act to prevent such an escalation, and to ensure that both parties uphold their obligations under international law, including on the protection of civilians and civilian infrastructure.”
The High Commissioner renewed his calls on the warring parties to ensure safe, sustained and unimpeded access to humanitarian aid, including through humanitarian pauses, and to prevent and repress violations of international law. “All alleged violations must be fully and independently investigated and those responsible brought to justice,” he said.
Distributed by APO Group on behalf of United Nations: Office of the High Commissioner for Human Rights (OHCHR).
HE Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi met on Thursday with HE Presidential Envoy and Senior Advisor for Africa at the US Department of State Massad Boulos, who is currently visiting the country.
During the meeting, the two sides reviewed the close strategic relations between the State of Qatar and the United States and discussed ways to support and enhance them. They also discussed joint efforts to address the situation in the eastern Democratic Republic of the Congo, along with a number of issues of mutual interest.
Distributed by APO Group on behalf of Ministry of Foreign Affairs of The State of Qatar.
A harmonized Made in Africa certification is set to boost the global visibility and competitiveness of African products. The framework, governance, and branding of the scheme was discussed in Nairobi, with the International Trade Centre (ITC) contributing technical insights and implementation support.
Despite growing opportunities for intra-Africa trade through the African Continental Free Trade Area (AfCFTA), many African producers face challenges in gaining visibility and market access. Consumers continue to lack trust in locally made products and services, often perceiving them as inferior to imports. Quality exists but consumers need confidence in that, so African firms can grow in local and regional markets while positioning themsleves globally.
The African Union established the Made in Africa (MiA) initiative to ensure African small businesses have a competitive edge and can scale in markets increasingly driven by standards, consumer trust, and brand reputation, through a harmonised continental certification system. This builds on earlier continental efforts to strengthen Africa’s industrial base and promote the continent’s products.
The initiative advanced another milestone at the Meeting of the Made in Africa Ad-hoc Committee in Nairobi, Kenya from 1 to 2 July 2025. The African Union Commission (AUC) and the Pan African Quality Infrastructure (PAQI) convened the meeting with technical assistance from ITC. Technical institutions, private sector and consumer representatives gathered with international partners such as Physikalisch-Technische Bundesanstalt (PTB) and World Customs Organisation (WCO). Together, they finalized the MiA implementation guide, defined governance and coordination structures, and agreed on the implementation framework.
Highlights included presentations of MiA branding concepts and governance options, drawing on a soon-to-be launched concept testing and benchmarking study of the AUC, PAQI and ITC.
Through the EU-funded Africa Trade Competitiveness and Market Access (ATCMA) Programme, ITC is supporting the African Union with technical input and analysis to help shape a credible and market-oriented brand for African products. ITC involvement builds on its broader mission to empower small businesses to compete, connect, and change lives.
The Nairobi meeting marks an important step in delivering a practical, African-led solution that will help producers build trust, meet quality expectations, and grow their share in regional and global markets. The finalization of the implementation framework and agreement on next steps bring the MiA scheme closer to launch, building on and consolidating national and regional level labels in Africa.
The MiA was adopted as part of the African Union’s Niamey Action Plan on Industrialisation and Economic Diversification, where it was identified as critical to realising the gains of the AfCFTA. The MiA Certification Scheme will be anchored on the AfCFTA Agreement’s rules of origin and intellectual property provisions and aligned with the Technical Barriers to Trade (TBT) and Sanitary and Phytosanitary (SPS) Annexes to ensure high standards and market compatibility.
Distributed by APO Group on behalf of International Trade Centre.
PalmPay (www.PalmPay.com), a leading neobank and fintech platform focused on emerging markets, has been recognised in CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list. This marks the second year in a row that PalmPay has earned a place among the world’s most innovative and impactful financial technology firms.
The selection is based on a rigorous evaluation of thousands of companies globally, assessing growth, innovation, market penetration, and impact. This year’s list includes a mix of global leaders – including Revolut, Nubank and Ant Group – alongside rising stars from high-growth markets, underscoring the growing influence of emerging-market fintechs like PalmPay.
PalmPay’s inclusion reflects its continued momentum as one of Africa’s leading fintech platforms. With over 35 million registered users and up to 15 million transactions processed daily, the company offers a comprehensive suite of digital financial services tailored to the needs of underserved communities.
In its main market, Nigeria, PalmPay operates as a full-service neobank, offering consumer financial services such as transfers, bill payments, credit, savings, and insurance – all accessible through its user-friendly app and supported by a nationwide network of over 1 million agents and merchant partners. The company also provides POS and API-driven B2B solutions tailored to the needs of merchants and enterprise clients.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” said Sofia Zab, Founding Chief Marketing Officer at PalmPay. “Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank. As we scale PalmPay to more emerging markets, including Tanzania and Bangladesh, our focus remains on closing financial access gaps for everyday consumers and businesses, while expanding the partner ecosystem that fuels our reach and impact.”
As part of its broader expansion strategy, PalmPay recently launched in Tanzania and Bangladesh through a smartphone device financing model that serves as an entry point to digital financial services.
“PalmPay is building a neobanking platform tailored to the realities of emerging markets,” said Jiapei Yan, Group Chief Commercial Officer at PalmPay. “We are creating the infrastructure for a connected digital economy – where people and businesses can thrive through reliable, inclusive financial tools. This recognition from CNBC and Statista affirms our progress and also the scale of the opportunity ahead. As we expand across more emerging markets, we are committed to creating lasting value for our users, partners, and the communities we serve.”
PalmPay’s inclusion follows another major recognition earlier this year: the company ranked #2 overall and #1 in the financial services sector on the Financial Times – Africa’s Fastest-Growing Companies 2025 list. The ranking, based on revenue growth between 2020 and 2023, highlighted PalmPay’s rapid scale and market traction across Africa.
PalmPay currently operates in Nigeria, Ghana, Tanzania, and Bangladesh, and is expanding its presence across Africa and Asia through device financing, digital banking, and B2B payment services. Backed by a robust neobanking platform and a partnership-led approach, the company is committed to shaping the next chapter of inclusive financial growth.
Distributed by APO Group on behalf of PalmPay.
About PalmPay: PalmPay is a leading neobank and fintech platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, credit, savings and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and processes up to 15 million transactions daily. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.
Source: People’s Republic of China – State Council News
China has entered a critical period for flood control, with preparatory measures underway as the country readies for adverse weather conditions in the coming weeks, officials said on Wednesday.
Fu Jing, director of the Ministry of Water Resources’ information center, said forecasts indicate the country will face significant regional and periodic droughts and floods between late July and early August. The northern region, in particular, is expected to see more severe flooding, with frequent and intense rainstorms in some areas.
Major flooding may occur along the middle reaches of the Yellow River; the Daqing, Yongding and Beisan rivers in the Haihe River Basin; and the Liaohe, Huntai and Jilin sections of the Songhua River in the Songliao Basin, Fu said.
“Two to three typhoons are expected to make landfall in the country, with the possibility of strong ones impacting the northern region,” Fu said.
On Tuesday, Cai Qinbo, spokesperson for the Hainan provincial meteorological bureau, said the sixth typhoon of the year may form over the western Pacific Ocean within the next two days. It is expected to enter the South China Sea around Saturday and could bring strong winds and heavy rainfall to Hainan province from Monday to Tuesday.
Wang Baoen, vice-minister of water resources, said the ministry has appointed 2,792 flood control officials this year in coordination with other departments. The officials are responsible for major rivers, key large and medium-sized reservoirs, major flood detention areas and flood-prone cities.
“We will strengthen efforts in accountability, decision support, and command and dispatch,” Wang said.
So far, 23 provinces have established flood and drought disaster prevention centers. The ministry conducts rolling daily assessments and issues targeted early warnings to each province, reaching frontline personnel directly. Wang also emphasized the need to improve forecast accuracy and enhance evacuation measures.
Yao Wenguang, director of the ministry’s department of flood and drought disaster prevention, noted that the risk of mountain floods increases during the flood season and said the ministry will ensure that early warnings are promptly followed by emergency response actions. The ministry also plans to strengthen management of river-related operations during the flood season.
Zhang Wenjie, director of the ministry’s department of water project operation management, said the ministry plans to reinforce 2,177 reservoirs this year, including large and medium-sized ones. Reservoirs affected by extreme flooding, major earthquakes or abnormal safety issues will undergo prompt specialized safety assessments.
As some areas may also experience periodic droughts during the flood season, Yao emphasized the need to optimize irrigation, ensure efficient water use and secure the safety of rural drinking water supplies.
Bank of Åland Plc Half-Year Financial Report July 18, 2025 9:00 EET
Half-Year Financial Report for the period January – June 2025
Strong results and record inflows of assets under management
“We are delivering a strong second quarter in terms of earnings, with a net operating profit of EUR 16.3 million (15.6) that resulted in a return on equity of 19.1 per cent (18.3). With that, we can summarize the first half of the year with excellent results, with net operating profit of EUR 34.7 million and a return on equity of 19.2 per cent (18.2). This is the highest result we have ever reported for a first half-year.
“The second quarter was one of our all-time best, with net inflow of new client investments of EUR 328 million. The high net inflow means that for the first time, we can report a volume of actively managed assets on behalf of customers of over EUR 11 billion.
“Lowered market interest rates are putting pressure on net interest income for us as well as for other banks. Net interest income was down 9 per cent for the half year. Despite this, from the start of the year we were able to compensate for the decline with increased commission income, which rose by 13 per cent, primarily from our customers financial investment business.
“The world around us continues to present an array of uncertainties, and we see that our customers continue to be cautious about borrowing money. Despite this, our lending began to increase again during the quarter, albeit at cautious levels. Market interest rates have now halved since peaking just over a year and a half ago. We believe this development will contribute to increased lending activity in the second half of the year.”
Peter Wiklöf, Managing Director and Chief Executive
January – June 2025 compared to January – June 2024
Net operating profit increased by 7 per cent and amounted to EUR 34.7 M (32.5).
Core income in the form of net interest income, net commission income and IT income levels remained unchanged at EUR 107.9 M (108.4).
Other income increased to EUR 4.0 M (0.7).
Total expenses increased by 2 per cent to EUR 76.5 M (74.9).
Net impairment losses on financial assets (including recoveries) totalled EUR 0.7 M (1.7), equivalent to a loan loss level of 0.04 per cent (0.08).
Return on equity after taxes (ROE) increased to 19.2 per cent (18.2).
Earnings per share increased by 9 per cent to EUR 1.86 (1.71).
The common equity Tier 1 capital ratio decreased to 12.8 per cent (14.5 on December 31, 2024).
Unchanged future outlook: The Bank of Åland expects its return on equity after taxes (ROE) to continue to exceed its long-term financial target of 15 per cent during 2025.
The second quarter of 2025 compared to the second quarter of 2024
Net operating profit increased by 4 per cent and amounted to EUR 16.3 M (15.6).
Core income in the form of net interest income, net commission income and IT income decreased by 2 per cent to EUR 54.1 M (55.4).
Other income increased to EUR 1.8 M (−0.1).
Total expenses increased by 1 per cent to EUR 38.8 M (38.5).
Net impairment losses on financial assets (including recoveries) totalled EUR 0.8 (1.2), equivalent to a loan loss level of 0.08 per cent (0.11).
Return on equity after taxes (ROE) increased to 19.1 per cent (18.3).
Earnings per share increased by 10 per cent to EUR 0.90 (0.82).
Financial summary
Group
Q2 2025
Q1 2025
%
Q2 2024
%
Jan-Jun 2025
Jan-Jun 2024
%
EUR M
Income
Net interest income
24.1
23.8
1
26.4
-9
47.9
52.7
-9
Net commission income
21.2
21.4
-1
19.4
10
42.6
37.7
13
IT income
8.9
8.6
3
9.7
-9
17.4
18.1
-3
Other income
1.8
2.2
-18
-0.1
4.0
0.7
Total income
55.9
56.0
-0
55.3
1
111.9
109.1
3
Staff costs
-24.8
-23.4
6
-22.8
9
-48.1
-44.4
8
Other expenses
-11.1
-11.3
-2
-12.5
-11
-22.4
-24.0
-7
Depreciation/amortisation
-3.0
-3.0
1
-3.3
-8
-6.0
-6.5
-8
Total expenses
-38.8
-37.7
3
-38.5
1
-76.5
-74.9
2
Profit before impairment losses
17.1
18.3
-7
16.8
2
35.4
34.2
3
Impairment losses on financial assets, net
-0,8
0,1
-1,2
-34
-0,7
-1,7
-58
Net operating profit
16.3
18.3
-11
15.6
4
34.7
32.5
7
Income taxes
-2.4
-3.7
-35
-3.1
-22
-6.1
-6.3
-3
Profit for the period
13.9
14.6
-5
12.6
11
28.6
26.2
9
Volume
Lending to the public
3,594
3,552
1
3,530
2
Deposits from the public
3,578
3,573
0
3,475
3
Actively managed assets
11,057
10,662
4
10,343
7
Managed mortage loans
3,335
3,335
-0
2,952
13
Equity capital
326
315
4
311
5
Balance sheet total
4,903
5,011
-2
4,782
3
Risk exposure amount
1,799
1,803
-0
1,681
7
The Bank of Åland (Ålandsbanken) follows the disclosure procedure stipulated in “Disclosure obligation of the issuer (6/2016)”, published by the Finnish Financial Supervisory Authority and hereby publishes its Half-Year Financial Report for the period January – June 2025, which is enclosed with this stock exchange release.
The Bank`s Half-Year Financial Report for the period January – June 2025 is attached to this release in PDF format and is also available on the company’s web site at: https://www.alandsbanken.com/financial-information/financial-reports
Mariehamn, July 18, 2025
THE BOARD OF DIRECTORS
For more information please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel. + 358 (0)40 512 7505
Please see below information about transactions made under the second tranche of the 2025 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
Date on which the buy-back tranche was announced: 30 April 2025. The duration of the buy-back tranche: 16 May to no later than 21 July 2025.
Further information on the tranche can be found in the stock market announcement on its commencement dated 30 April 2025, available here: https://newsweb.oslobors.no/message/644796
From 14 July to 17 July 2025, Equinor ASA has purchased a total of 1,265,968 own shares at an average price of NOK 267.7138 per share.
The second tranche of the 2025 share buy-back programme for Equinor ASA has now been completed.
Overview of transactions:
Date
Trading venue
Aggregated daily volume (number of shares)
Daily weighted average share price (NOK)
Total daily transaction value (NOK)
14 July
OSE
420,000
274.3443
115,224,606.00
CEUX
TQEX
15 July
OSE
CEUX
TQEX
16 July
OSE
430,000
265,4404
114,139,372.00
CEUX
TQEX
17 July
OSE
415,968
263.3692
109,553,159.39
CEUX
TQEX
Total for the period
OSE
1,265,968
267.7138
338,917,137.39
CEUX
TQEX
Previously disclosed buy-backs under the tranche
OSE
15,111,220
256.7267
3,879,452,952.92
CEUX
TQEX
Total
15,111,220
256.7267
3,879,452,952.92
Total buy-backs under the tranche (accumulated)
OSE
16,377,188
257.5760
4,218,370,090.30
CEUX
TQEX
Total
16,377,188
257.5760
4,218,370,090.30
Following the completion of the above transactions, Equinor ASA owns a total of 25,565,943 own shares, corresponding to 1.00% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 16,377,188 own shares, corresponding to 0.64% of the share capital).
This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
18 July 2025 – Fleet utilisation for June 2025 was 79 per cent.
Our operations in Brazil with Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in June, achieving between 99 and 100 per cent commercial uptime.
Safe Caledonia successfully commenced operations at the Captain Field in the UK on 2 June 2025, delivering a commercial uptime of 94 per cent during the initial period.
Safe Boreas is currently being transported to Singapore ahead of her upcoming contract in Australia.
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com
For further information, please contact:
Terje Askvig, CEO Phone: +47 952 03 886
Reese McNeel, CFO Phone: +47 415 08 186
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)
WASHINGTON—Today, DOGE Caucus founder and co-chair U.S. Congressman Aaron Bean (FL-04), co-chair Blake Moore (UT-01), and co-chair Pete Sessions (TX-17) released the following statements after the House’s final passage of H.R. 4, the Rescissions Act of 2025, a major victory for fiscal responsibility and taxpayer advocacy:
“With the passage of this rescissions package, we’re taking one small step to cut wasteful spending and one giant leap toward fiscal sanity,” said Congressman Bean. “Thanks to the DOGE Caucus, we’ve eliminated $9 billion in wasteful spending—launching us toward stronger fiscal health and renewed trust in how government handles taxpayer dollars.”
“Today’s vote is another step in the right direction in reversing Washington’s spending culture. Our ballooning national debt and deficit will make it harder for the next generation to achieve the American Dream, and this effort keeps the momentum going in our work to ensure every taxpayer dollar is spent efficiently and responsibly,’ said Congressman Moore.
“I’m pleased to support this essential legislation to rescind $9 billion in funding for wasteful programs and lock in some of the commonsense DOGE spending cuts. The American people deserve and expect a government that respects their tax dollars. This is an important step toward restoring fiscal discipline in Washington,” said Congressman Sessions.
BACKGROUND
The DOGE Caucus has long advocated for Congress to enact the cuts identified by DOGE and continues to work with the White House on future rescissions.
The legislation passed 216-213. With the House and Senate now aligned, all eyes turn to the White House, where President Trump is expected to sign this landmark legislation into law.
July 18 2025 – The US has passed its first major national cryptocurrency legislation—the Genius Act—signaling the most aggressive shift yet in Washington’s approach to digital assets.
Backed by President Trump, the bill marks a landmark moment for the crypto sector and ignites what global financial advisory giant deVere Group calls a full-scale global digital arms race.
In response to the development, deVere today confirms it is doubling down on its $150,000 Bitcoin price prediction by the end of 2025, citing the legislation as a turning point in monetary and technological policy that will trigger rapid acceleration in adoption, capital flows, and international competition.
“This changes everything,” said Nigel Green, CEO of deVere Group.
“For the first time, the US government is not just ‘tolerating’ crypto—it’s codifying it. The world’s largest economy is laying down the legal foundations for digital assets to thrive.
Source: Hong Kong Government special administrative region
The Secretary for Home and Youth Affairs, Miss Alice Mak, continued her visit to Sichuan today (July 18). She first called on leaders of the Hong Kong and Macao Affairs Office (HKMAO) of the Sichuan Provincial People’s Government, and visited the Shabanqiao community in Chengdu to learn about community governance.
In the morning, Miss Mak called on the Director of the HKMAO of the Sichuan Provincial People’s Government, Ms Zhang Tao. Miss Mak introduced the latest developments and work in youth development, district governance, and women’s development of the Hong Kong Special Administrative Region and learned about Sichuan Province’s work experience in related areas. She expressed her hope for more opportunities to co-operate and exchange between the two places.
Miss Mak also visited the Shabanqiao community in Chengdu. The Shabanqiao community is committed to providing services that improve people’s livelihoods and focus on serving citizens. She also gained insights into their community governance experience.
Miss Mak concluded her visit and returned to Hong Kong this afternoon.
Source: People’s Republic of China – State Council News
China’s Ministry of Education released an overseas study alert on Friday, urging students to assess security risks of studying in the Philippines and raise their awareness of precautions.
The ministry cited the Philippines’ recent deteriorating public security situation and increasing criminal activities against Chinese citizens as the reason for the alert.
The alert is the second of its kind issued in 2025 following an April one that warned students of risks of studying in certain U.S. states.
ASB has declined a proposal by plaintiffs to settle the current class action case against the bank.
The proposal was announced to media the day before the Select Committee hearings on the CCCFA Amendment Bill. In ASB’s view this is an obvious attempt to influence and distract from this process by attempting to reassure Government about the potential risk to New Zealand banks under this piece of law.
ASB does not understand the basis for the figures presented in the proposal or consider that they operate as an effective cap on the size of the plaintiffs’ claim in the proceeding, including as the proposal is said to expire on 8 August 2025.
The settlement offer received provides no certainty to ASB or other banks which may become subject to similar class actions, or to the sector as a whole.
Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)
Today, Democratic Leader Hakeem Jeffries spoke on the House Floor in opposition to the reckless Republican rescissions package that cuts funding for public broadcasting and international assistance.
LEADER JEFFRIES: Thank you, Mr. Speaker, and I thank the distinguished gentleman, the top Democrat on the Rules Committee, Mr. McGovern, for his leadership and for yielding. I thank all of the distinguished members of the Rules Committee for their steadfast and courageous, insightful participation in opposition to this rule and the substantive legislation that underlies this particular rule. I also want to thank Rosa DeLauro for her principled and strong opposition to this reckless Republican rescissions package, this effort by the Trump administration to once again hurt everyday Americans.
Mr. Speaker, it was just said on the House Floor that the American people are fed up with out-of-control, wasteful government spending. As Democrats, we’re committed to making sure that taxpayer dollars are spent in an effective, efficient and equitable manner. This bill that’s on the Floor right now has nothing to do with waste, fraud and abuse. It represents an attack on the public health of the American people, the national security of the American people, the public safety of the American people and the ability of the American people to actually get information, particularly in rural America, that they may need through public radio or public television in the face of an emergency.
Mr. Speaker, no one is buying the notion that Republicans are actually trying to improve wasteful spending, in the aftermath of this One Big Ugly Bill that just passed this chamber and has been signed into law that explodes the debt by more than $3 trillion, and then asks everyday Americans to pay for part of the expenses in the bill by ripping away healthcare for more than 17 million Americans. Hospitals will close, nursing homes will shut down, community-based health clinics will be unable to provide services to everyday Americans and as a result of the One Big Ugly Bill, people will die. It’s an all-out assault on healthcare, the largest cut to Medicaid in American history. It also rips food out of the mouths of hungry children, seniors and veterans. All of this being done to provide massive tax breaks to billionaires.
And then, Mr. Speaker, in this One Big Ugly Bill that now has been signed into law, the debt and the deficit will explode by trillions of dollars. How dare anyone from the other side of the aisle claim to be the party of fiscal responsibility? That’s fake, and that’s phony.
So when you look at this particular piece of legislation that’s in front of us right now, this reckless Republican rescissions package, it undermines American national security and American leadership in the world. This is not an America First bill, it’s a China First bill because of the void that’s being created all across the world. It’s in America’s interests, our national security interests, our leadership interests, to make sure that we’re investing in development and diplomacy and democracy all across the world.
Great leaders have recognized that throughout the American journey. It was Abraham Lincoln who came to the House chamber in the middle of the Civil War in the early 1860s, spoke to the Congress and talked about America being the last best hope on Earth. President Lincoln said that in the 1860s, visionary declaration of the role that America might one day play as the leader of the free world. And this legislation, this reckless Republican rescissions package, undermines our ability to keep our people safe here and to project America’s soft power all over the globe. Why would we undermine our ability to use diplomacy, democracy and development to protect our own national security?
Mr. Speaker, Mr. President—he promised that on day one, he was going to end the war in Ukraine. That’s now going on, and in this particular piece of legislation, we’re undermining the ability of Ukraine to continue to valiantly fight against Russian aggression. Russia’s not our friend. They’re our enemy. Vladimir Putin is a sworn enemy of the United States of America. Why is it, Mr. Speaker, that Republicans in this bill are undermining, once again, Ukraine? Ukraine stands on the side of democracy. Ukraine stands on the side of freedom. Ukraine stands on the side of truth. Russia stands on the side of autocracy and tyranny and propaganda. Why would we stand on the side of Russia? That’s inconsistent with American leadership. But this reckless Republican rescissions package, it does the exact opposite.
Mr. Speaker, we just saw tragedy unfold in the Texas Hill Country. More than two dozen children have died. Parents should never have to bury their children. More than 100 Texans died in the deadly floods. And there are a lot of questions that need to be asked about government failure, state government failure in Texas. The Governor of Texas, he’s got a lot of questions that need be answered. Instead, he’s trying to rig the Texas congressional map, in the middle of a search and rescue operation. He’s got to answer some questions. The Trump administration needs to answer some questions about the National Weather Service and the devastating cuts that have been inflicted on them. The Trump administration, Mr. Speaker, needs to answer some questions about the stated goal to defund FEMA.
So in the midst of this tragedy that we all need to collectively respond to in Texas, just like we need to respond to the tragedy that unfolded in California in the wildfires earlier this year, this reckless Republican rescissions package is going to undermine the ability of people in rural America and in small-town America to receive advance warning or necessary information when disaster strikes, when extreme weather strikes, when flooding strikes, when hurricanes strike. That’s what happens when you shut down public radio, when you shut down public television, which is what this reckless rescissions package will do.
It’s all extraordinary. Mr. Speaker, I don’t understand why Republicans continue to advance legislation on the Floor of the House of Representatives that hurt everyday Americans. Is it simply because the goal is always to reward billionaires, as was done with the One Big Ugly Bill, providing them with massive and unnecessary tax breaks?
Mr. Speaker, at the beginning of this Congress, we as House Democrats made clear that we will work with anyone in this town in order to make life better for the American people, to lower the high cost of living of the American people, to address the affordability crisis afflicting the American people. And we thought perhaps that we would have some partners in this necessary endeavor. Why? Because, Mr. Speaker, Donald Trump and House Republicans promised that you were going to lower costs. In fact, that costs were going go down on day one. Not my words, President Trump’s words. Costs haven’t gone down in the United States of America. Costs are going up. Inflation is on the way up. Life is getting more expensive for the American people. And nothing in this reckless rescissions package is going to make life more affordable for everyday Americans. It’s going to complicate their life even further, just like what happened with the One Big Ugly Bill. So, Mr. Speaker, we are strongly opposed to this legislation. Legislation that, apparently, Republicans don’t even want to actually debate on the House Floor. And once again, want to address an issue to be debated in this chamber under the cover of darkness.
Finally, Mr. Speaker, the challenge that we have with this legislation is that the appropriations process has historically and traditionally been bipartisan—Democrats and Republicans working to try to come together to reach a spending agreement that meets the needs of the American people in terms of their health, their safety and their economic well-being. And do it—House Democrats, Senate Democrats, House Republicans, Senate Republicans—a bipartisan appropriations process to try to reach an enlightened agreement. But what this rescissions package signals to us and the people that we represent, more importantly, what it signals to America, as the OMB director just said, Republicans, Mr. Speaker, aren’t interested in bipartisanship, aren’t interested in common-sense solutions to finding common ground anchored in Democrats and Republicans coming together. We know that’s the case because we’ve made clear our willingness to solve the challenges that the American people face and work with anyone in this town, particularly when it comes to lowering the high cost of living in the United States of America. Republicans continue to do nothing about that, not a damn thing, to make life more affordable for the American people.
And that’s one of many reasons why we continue to be opposed to this reckless legislation that you bring to the House Floor that hurts everyday Americans, will hurt children, will hurt families, will hurt older Americans and will hurt people that Republicans represent in rural America, all while undermining American leadership in the world. And so, Mr. Speaker, once again, this is unfortunate. Once again, we see a Congress not functioning as a separate and co-equal branch of government, a Congress, given this Republican majority, not willing to serve as a check and balance on an out-of-control executive branch, but always willing to do the bidding of the executive branch, as if we work for the Article II branch of government. We don’t work for Donald Trump. We don’t work for JD Vance. We don’t work for the OMB director. We work for the American people, and that’s why we are a hard no against this reckless rescissions package. I yield back.
Danske Bank Bernstorffsgade 40 DK-1577 København V Tel. + 45 45 14 14 00
18 July 2025
Page 1 of 3
Good customer activity and strong credit quality led to solid results for the first half of 2025 Net profit of DKK 11.2 billion
Carsten Egeriis, Chief Executive Officer, comments on the financial results:
“In the first half-year, we continued our robust performance and delivered solid results in line with our expectations. We saw new business customer relations being established, a continued uplift in lending and a steady development in core income, and we maintained our focus on cost management. Furthermore, credit quality remained strong, resulting in a low level of loan impairments.
Our solid financial results and capital position enable us to be a strongfinancialpartner, providing expert advice and standing by our customers and society in times of volatile markets.
With our increased investments in technology and customer offerings, we continue to deliver on our Forward ’28 strategy and are well on track to meet our guidance for the full year.”
Solid performance in uncertain environment Driven by good customer activity across our business and our ongoing commitment to efficiency, we achieved a net profit of DKK 11.2 billion and a return on equity of 13% in the first half of the year. These solid financial results reflect our successful execution and strategic focus in key growth areas.
Net interest income remained steady, as the adverse effect of the sale of the personal customer business in Norway and a reduction in deposit margins was offset by enhanced lending activity and our deposit hedge strategy.
Net fee income for the first half of the year was stable year on year, supported by growing demand for everyday banking services in the first quarter, although this demand decreased in the second quarter. Fee income related to capital markets and investment activity was impacted by the decline in investment appetite caused by the market volatility.
On the basis of continued cost discipline, the cost trajectory is in line with the full-year 2025 guidance. Furthermore, credit quality remained strong, supported by favourable macroeconomic conditions, including the employment rate. Loan impairment charges remained low and amounted to DKK 266 million in the first half of the year.
With prudent asset and liability management, our capital and liquidity positions remain solid, with substantial buffers well above regulatory requirements.
“In the first half of the year, we achieved a solid financial performance, fuelled by good customer activity that led to resilient core banking income and an increase in net trading income year on year. Net profit was stable, despite the impact of rates and market volatility. Our diversified business model and operational efficiency contributed to an improved cost/income ratio of 45.4% and a return on equity of 13.0%. We are on track to meet our 2025 guidance and are progressing towards achieving our 2026 financial targets,” says Cecile Hillary, Chief Financial Officer.
H1 2025 vs H1 2024 Total income of DKK 27.9 billion (DKK 28.0 billion in the first half of 2024) Operating expenses of DKK 12.7 billion (DKK 12.8 billion in the first half of 2024) Loan impairments of DKK 266 million (net reversal of DKK 99 million in the first half of 2024) Net profit of DKK 11.2 billion (DKK 11.5 billion in the first half of 2024) Return on shareholders’ equity of 13.0% (13.1% in the first half of 2024) Total capital ratio of 22.4% and CET1 capital ratio of 18.7% (total capital ratio of 22.5% and CET1 capital ratio of 18.5% in the first half of 2024)
Resilient macroeconomic outlook amid uncertainty Despite the challenges posed by geopolitical turbulence and market volatility, the macroeconomic environment in our operating markets remains robust. The Nordic economies continue to exhibit resilience.
The economies are increasingly supported by increased household spending power and lower interest rates. However, this has not translated into improved consumer sentiment, as retail customers remain cautious and consumer confidence is low.
According to the latest macroeconomic outlook by Danske Bank Research, we continue to expect robust economies with high employment rates and single-digit growth, particularly in Denmark.
“Nordic businesses still have a cautiously positive outlook, and we share their view that growth is likely to become moderately higher, despite the uncertainty hanging over the global economy. Though conditions are in place with higher real incomes and lower interest rates, we do not expect a strong recovery. Households remain deeply worried about the economic situation, which could hold growth back, but there is also a potential for the situation to improve,” says Las Olsen, Head of Macro Research.
Personal Customers Profit before tax amounted to DKK 4,217 million in the first half of 2025 (H1 2024: DKK 5,028 million). The decrease was mainly due to a decline in net interest income caused by lower deposit margins, a decline in fee income that was mainly the result of positive one-offs in the first half of 2024 and relatively subdued refinancing activity, as well as to slightly higher loan impairment charges. These were partly offset by rising deposit volumes and the impact of deposit hedging. Both income and operating expenses were affected by the divestment of the personal customer business in Norway. Loan levels remained stable, and deposits increased 5%.
Business Customers In the first half of 2025, we saw continuously good progress in terms of customer inflow and a positive development in lending volumes, and business with existing customers remained strong across our mid-sized customer segment. Profit before tax amounted to DKK 5,085 million, an increase of 23% from the same period last year (H1 2024: DKK 4,140 million). The increase was driven by loan impairment reversals. Net fee income also increased, although the effect was offset by lower income from our leasing operations.
Large Corporates & Institutions In the first half of 2025, we achieved solid financial results. Our efforts to attract new corporate customers outside Denmark and to strengthen customer relations across our markets have improved our position within cash management. Furthermore, we maintained our leadership within sustainable finance. Profit before tax decreased to DKK 4,544 million, or 9%, from the level in the same period last year, with the decrease driven by higher loan impairment charges.
Danica Net income at Danica decreased to DKK 714 million in the first half of 2025, down 25% from the level for the same period in 2024 due to a decrease in the insurance service result, which was impacted by a strengthening of provisions related to legacy life insurance products in run-off. The insurance service result for the health and accident business for the first half of 2025 recorded a loss, however, Danica saw an improvement during the first half of 2025 supported by a positive trend in the treatment and prevention of long-term illness and injury that was driven by intensified efforts with new healthcare solutions and improved digital solutions.
Northern Ireland Residential mortgage lending volumes continued to grow, reflecting an increased market share of new business in Northern Ireland. Financial performance remained positive with profit before tax of DKK 1,110 million in the first half of 2025, 18% higher than for the same period last year.
Outlook for 2025 We maintain our guidance and expect net profit to be in the range of DKK 21-23 billion. The outlook is subject to uncertainty and depends on economic conditions.
Danske Bank
Contact: Helga Heyn, Head of Media Relations, tel. +45 45 14 14 00
VICTORIA, Seychelles, July 18, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, today announced the launch of an exclusive PUMP Futures Competition designed specifically for European users. The 8-day competition, running from July 14 to July 21, offers a total prize pool of 20,000 USDT.
Competition Rules
The competition features two main reward tracks tailored to different user profiles:
1. Individual Trading Leaderboard
Participants will compete individually based on their cumulative trading volume in PUMP futures throughout the event. To qualify for rewards, users must reach at least 50,000 USDT in trading volume. Eligible traders will benefit from a reduced fee rate of 0.02%, plus a 10% rebate on trading fees. Top-ranked traders will have the opportunity to win up to 5,000 USDT from the prize pool.
2. New User Bonus
Newly registered European users who complete 3,000 USDT in PUMP futures trades will receive a 5 USDT reward. This bonus is limited to the first 600 eligible participants, distributed on a first-come, first-served basis.
How to Participate
To participate, European users must register through MEXC’s dedicated competition page. Only trades and deposits made after registration will be counted. The competition is limited to PUMP futures trading, and all rewards will be distributed within 10 business days after the event concludes.
Supporting Regional Growth
This campaign reflects MEXC’s ongoing effort to support regional users with localized events and competitive trading opportunities. By focusing on user needs in specific markets, MEXC continues to enhance the trading experience across Europe.
About MEXC Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.
According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.
But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.
When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.
Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).
What causes chronic venous insufficiency?
There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.
When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.
When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.
Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.
Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.
Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.
In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.
Who gets it?
The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.
A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.
Is it dangerous?
On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.
Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.
Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.
In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.
Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.
Can it be treated?
Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.
Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.
Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.
Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.
Theresa Larkin 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: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
HUAIAN, Jiangsu Province, July 16 (Xinhua) — Ice and Snow World is an indoor ice and snow complex built by ice sculptors from Harbin for residents of Huai’an in a local forest park on Jinhu Lake. The 3,000-square-meter facility is especially popular with Huai’an residents during the hot summer months.
HUAIAN, Jiangsu Province, July 16 (Xinhua) — Ice and Snow World is an indoor ice and snow complex built by ice sculptors from Harbin for residents of Huai’an in a local forest park on Jinhu Lake. The 3,000-square-meter facility is especially popular with Huai’an residents during the hot summer months.
HUAIAN, Jiangsu Province, July 16 (Xinhua) — Ice and Snow World is an indoor ice and snow complex built by ice sculptors from Harbin for residents of Huai’an in a local forest park on Jinhu Lake. The 3,000-square-meter facility is especially popular with Huai’an residents during the hot summer months.
HUAIAN, Jiangsu Province, July 16 (Xinhua) — Ice and Snow World is an indoor ice and snow complex built by ice sculptors from Harbin for residents of Huai’an in a local forest park on Jinhu Lake. The 3,000-square-meter facility is especially popular with Huai’an residents during the hot summer months.
HUAIAN, Jiangsu Province, July 16 (Xinhua) — Ice and Snow World is an indoor ice and snow complex built by ice sculptors from Harbin for residents of Huai’an in a local forest park on Jinhu Lake. The 3,000-square-meter facility is especially popular with Huai’an residents during the hot summer months.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
BEIJING, July 18 (Xinhua) — China’s online literature industry is expected to generate revenue of 49.55 billion yuan (about 6.9 billion U.S. dollars) in 2024, up 29.37 percent year on year, showing strong resilience and promising prospects for the industry, according to a report from the China Audio, Video and Digital Publishers Association (CADPA).
A report released at the 8th China Online Literature Conference, which opened on Thursday, said there would be a total of 42.1 million online literary works in the country by the end of 2024, up 4.2 million from 2023. Meanwhile, the number of online literature users in the country reached 638 million last year, up 16 percent year on year.
In 2024, Chinese online literature has become a new form of mass cultural art and promoted the development of a diversified value system in the industry, and its integration with short dramas has opened up new paths for the transformation of the industry, said Zhang Yijun, first vice president of the association.
Last year, the number of adaptations of Chinese literature increased by 14.55 percent year-on-year to 83,250, making online literature an important means of promoting Chinese culture overseas. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
CHONGQING, July 18 (Xinhua) — The first conference of overseas Chinese and ethnic Chinese on cooperation and development under the Belt and Road Initiative opened in Chongqing, southwest China, on Thursday. The event aims to consolidate the strength of overseas Chinese to advance the joint construction of the Belt and Road.
During the conference, agreements worth a total of 43.79 billion yuan (about 6.13 billion U.S. dollars) were signed, covering 66 projects in the fields of green energy, cross-border trade, modern manufacturing and the digital economy.
In addition, the Belt and Road Network of Chinese Diaspora Business Organizations was launched, with organizations from 72 countries and regions of the world becoming its first members. The network aims to pool business resources and promote cooperation in trade, economic, scientific, technical and cultural fields.
Conference participants were introduced to 10 best practices on the role of Chinese nationals in implementing the Belt and Road Initiative in areas such as new energy, manufacturing and humanitarian aid.
The conference, jointly organized by the All-China Federation of Returned Overseas Chinese and the governments of Chongqing and Sichuan Province, brought together more than 500 representatives of Chinese communities from more than 110 countries and regions. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
JERUSALEM, July 18 (Xinhua) — Israel “deeply regrets” the bombing of Gaza’s only Catholic church on Thursday that killed three people and wounded at least 10, Israeli Prime Minister Benjamin Netanyahu said.
According to him, the Church of the Holy Family was hit by a “stray shell.” “Every innocent life lost is a tragedy. We share the grief of the families and the faithful,” the prime minister said.
On social media, the Israeli Foreign Ministry reported that the country’s army “is studying this incident, the circumstances of which are still unclear.” The results of the investigation will be published “transparently,” the ministry noted. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
UNITED NATIONS, July 18 (Xinhua) — China’s Deputy Permanent Representative to the United Nations Geng Shuang on Thursday condemned Israeli military strikes in Syria at an emergency meeting of the Security Council and demanded their immediate end.
While the situation in southern Syria remains volatile, Israel has recently carried out multiple airstrikes in As-Suwayda, Daraa and Damascus. China unequivocally condemns Israel’s actions, which seriously violate international law, infringe on Syria’s sovereignty, security and territorial integrity, and pose new challenges to peace, stability and political transition in Syria, the diplomat said.
“We call on Israel to immediately stop military strikes on Syria and withdraw from Syrian territory as soon as possible,” he said.
The international community recognizes the Golan Heights as occupied Syrian territory. The sovereignty, unity and territorial integrity of Syria must be respected. The relevant Security Council resolutions must be implemented, and the 1974 disengagement agreement between Israel and Syria must be observed, the deputy permanent representative emphasized.
According to Geng Shuang, the ethnic tensions and subsequent violence in As-Suwayda have once again shown that the current situation in Syria remains complex and fragile. Achieving peace and stability still faces enormous challenges.
It is imperative to stabilize the security situation and restore public order as soon as possible. China has noted the reports that the Syrian interim authorities have reached a ceasefire agreement with the parties concerned. China calls on all parties to abide by the ceasefire agreement, remain calm and exercise restraint, stop hostilities, and promote early de-escalation of the situation, the diplomat said.
The Syrian interim authorities should continue to advance the participatory political process, address the concerns of all parties through inclusive dialogue, and effectively promote internal unity and reconciliation, Geng said.
The fight against terrorism is an important aspect of restoring peace and stability in Syria. The interim authorities of Syria must fulfill their anti-terrorist obligations and take effective measures to combat all terrorist groups included in the relevant list by the UN Security Council, including the East Turkestan Islamic Movement, he added.
At present, acute problems in the Middle East are emerging one after another, with new and old contradictions intertwined and overlapping. The situation is complex and unstable. Such a state of affairs does not serve the interests of any country in the Middle East or the international community, Geng Shuang said.
The Security Council, as the organ with the primary responsibility for international peace and security, should resolutely fulfill its responsibilities under the UN Charter and use all the tools at its disposal to end conflicts at an early date, restore peace and stability in relevant areas, and achieve lasting peace and stability in the entire region, the diplomat said, adding that China is willing to work with the international community to play a constructive role in this regard. -0-
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People’s Republic of China – State Council News
MEXICO CITY, July 18 (Xinhua) — Mexican President Claudia Sheinbaum on Thursday criticized the U.S. decision not to open its border to Mexican cattle due to an outbreak of a parasitic disease caused by blowfly larvae, saying the measure lacks clear scientific basis and may be politically motivated.
The parasite was found in southern Mexico, more than 1,000 km from the northern cattle-raising states affected by the US restrictions, Sheinbaum said at a daily press conference, calling on Washington to clarify the health criteria justifying maintaining the ban.
“It seems to be more about politics. In some cases, it could be interpreted as a political attack on Mexico, but let’s not forget that there are elections in the United States in a year,” she said.
The president also criticized a number of American politicians for treating Mexico like a “piñata” during election campaigns and warned against exploiting bilateral issues for domestic political purposes.
K. Sheinbaum said that Mexican Agriculture Minister Julio Berdegué is in talks with his American counterpart Brooke Rollins to prevent further restrictions on cattle exports.
The president said the United States had agreed to invest $30 million to breed sterile flies, a key biological tool in the fight against the parasite, in Mexico. The facility is expected to be completed in less than a year. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
Two people have been arrested following investigations into a violent assault at South Plympton yesterday afternoon.
Police and paramedics were called to Laurence Street, South Plympton at 4.45pm on Thursday 17 July by reports of an assault.
The victim, a 44-year-old South Plympton man, was confronted by a man and woman not known to him and assaulted.
He sustained serious head and facial injuries and was taken to hospital by ambulance. His condition is not life-threatening.
A 26-year-old South Plympton man was arrested by Southern District CIB detectives last night and charged with aggravated assault cause harm. He was refused police bail and will appear in court today.
Following further investigations, a 26-year-old South Plympton woman, was arrested this morning and charged with aggravated assault cause harm. She was refused police bail and is expected to appear in the Adelaide Magistrates Court on Monday 21 July.
Anyone who witnessed this incident or has any information that may assist the investigation is asked to contact Crime Stoppers on 1800 333 000 or online at www.crimestopperssa.com.au
When you adopt a SAP, the end date of your accounting period changes. This usually results in a transitional period of more or less than 12 months. You must lodge an income tax return for the transitional period.
We will determine and notify you of your transitional period when we approve your SAP.
When you’ve adopted a SAP, the new accounting period will involve either late or early balancing in relation to a 30 June year end. Whether you are late or early is determined when your application is approved.
For more on how and when an entity transitions to a SAP, see PS LA 2007/21.
What tax return form to use
Prepare your tax return on the form for the year in lieu of which the accounting period has been adopted. For example:
if you adopted a SAP ending 31 December 2024 you’re an early balancer
your transitional period is in lieu of the following income year ending 30 June, being the year ended 30 June 2025
We try to release tax time stationery as early as possible. However, if the relevant form has not been produced by the date you wish to lodge, you must use the most recently available tax return form, whether lodging electronically or by paper.
If you are transitioning to a SAP, you must lodge a paper form if you are:
not lodging the entity’s first tax return
lodging before we release next year’s tax time stationery.
For a corporate tax entity that is not a private company, the franking period depends on the length of its income year. The franking period is different for an early or late balancing corporate tax entity that has adopted a SAP.
Lodging additional information for early balancers
Tax return labels may change when new stationery is released.
If you’re an early balancer and lodged using the most recent tax return form, you may need to lodge an amendment if label changes are relevant to your circumstances.
We expect to publish draft details of tax return label changes each year in December. Where further changes are required due to law changes not currently known or anticipated, we will update the tax return label changes and provide further advice.
Tax return label changes
To help early balancers, each year we provide information on label changes we expect in the new tax time stationery to be released at the end of May.
While tax returns can be lodged from 1 January, our processing for the new labels will not take place before our system is deployed in June 2025.
SMSF auditors looking to conduct an audit on a fund for the 2024-25 income year can still use the current version of the SMSF independent auditor’s report on our website.
The current version is to be used for reporting periods starting on or after 1 July 2024. It has not needed to be changed since its publication in June last year when it was updated to include the Auditing Standard ASQM1.
When using the report to complete audits for reporting periods ending on or before 30 June 2024 you must take care to comply with the auditing standards and legislation that applied to that earlier period.
After completing the report you must give all SMSF trustees a signed and dated copy of the report within 28 days after the trustee has provided all documents relevant in preparing the report.
You should then retain a copy of the report for yourself. Do not send us a copy.
Looking for the latest news for SMSFs? – You can stay up to date by visiting our SMSF newsroom and subscribingExternal Link to our monthly SMSF newsletter.
KIERAN GILBERT, HOST: The Federal Government’s vowing to implement sweeping changes to the child care sector as Parliament returns next week. It comes after those shocking allegations of child sexual abuse. Let’s go live to the Minister for Early Childhood Education, Jess Walsh. Jess, thanks for your time. This is going to be one of the first things that the Government does in the next Parliament.
SENATOR DR JESS WALSH, MINISTER FOR EARLY CHILDHOOD EDUCATION AND MINISTER FOR YOUTH: Yeah, that’s right, Kieran, because making sure that every child is safe in early childhood education is really our top priority right now. We know that every child should be safe, but that there’s more to do right now to make sure that that’s the case and to make sure that parents are confident that their children are safe too. And that’s why we’re introducing legislation right into the first week of Parliament to make sure that we have the power to cut Commonwealth funding to those providers who put profit ahead of child safety. And our message is really clear to those providers: we want you to lift your game or to leave the sector.
GILBERT: And I know it’s a story that so many of our viewers, for parents, for Australians around the country, when you heard about the stories and read about it, it is just heartbreaking, sickening, the allegations that have been made, Minister. So, I know the Education Ministers are meeting again in August. Obviously, this will be on the agenda there too.
WALSH: Yeah, that’s right, Kieran. These are really distressing allegations. Distressing for the families of children who are directly affected, distressing for really all parents of children in early childhood education and distressing for the community who are watching now. We’ve called an urgent meeting of Education Ministers where this will be the top priority. Indeed, it’s a standalone meeting focused on child safety in early childhood education and care. And I am confident that we will bring a strong package of reform, because right now, the Commonwealth, the states and the territories are working shoulder to shoulder on this issue.
And one of the big reforms that we want to bring is the first nationwide register of early childhood educators. I think we’ve seen in the last few weeks just how important that is. We need to know where early childhood educators are working. We need to be able to spot patterns of behaviour that are concerning. We need to be able to monitor where our early childhood educators are. And of course, I have to stress, Kieran, that the vast majority of early childhood educators are going to work every day doing the right thing. They are taking excellent care of our nation’s children. But there are serious problems, and this register will help raise red flags where they need to be seen.
GILBERT: Well, yeah, indeed. And the vast bulk are doing a great job as well. And we know how important it is not just to the education of young ones, to give them a chance to socialise and get that early education, which research shows is so important, but also for the economy to enable workforce participation and the rest of it. The Prime Minister, in fact, says he wants it as one of his legacy items, universal child care. What needs to be done? What do you think that looks like?
WALSH: Well, it’s great to have a Prime Minister who believes in the benefits of quality universal early childhood education, because as you said, Kieran, it can be a game changer for children. We know that children who go through quality early childhood education are better prepared for school and they’re really well prepared for the opportunities that life can bring as well. Universal early education really means that every child gets access to that benefit, no matter what their parents do and no matter what their postcode is. We’re getting underway with the work already of building that universal early education system. One of the big reforms in our first term was around the workforce and making sure that we have good, quality, committed, long term, stable early childhood educators. And that 15 per cent pay rise is having big dividends right now, Kieran.
GILBERT: Ok, and before you go, I just want to play this comment, this is from Tanya Plibersek, she was speaking earlier in the day in relation to the latest scandal around Mark Latham.
TANYA PLIBERSEK: I’m sure that there are plenty of people scratching their heads about his portrait being up in the caucus room and giving consideration to whether it’s appropriate or not.
GILBERT: Yeah, the tradition is for Labor leaders, for both parties, actually, but the Labor Caucus, you’ve got all the leaders on the wall. What do you think? Should Latham’s portrait go, should it be pulled down?
WALSH: I think, Kieran, when I walk into the caucus room next week for the 48th Parliament, for the second term, Albanese Labor Government, you know, we’ll have the portraits of the former Labor leaders on the left. We also have on the right, as you walk in, a women’s wall. And that wall has the portraits of some of our amazing women leaders. And I think next week I’ll be choosing to look up at that wall of amazing women leaders who’ve done so much good work for women around the country and indeed for all Australians.
GILBERT: And would you feel better if the former leader, Mr Latham, was deposed from that? He hasn’t been a member for more than 20 years.
WALSH: Yeah, Mr Latham’s term as the Labor leader really well precedes my time. We have the portraits of the Labor leaders there on the left, we’ve got our first female Prime Minister, Julia Gillard, when you walk into the room. I think for me, Kieran, Mark Latham is not someone who’s going to get any free rent in my brain next week. I’m really focused on the achievements that we’ve made in the first term and what we can do next.
GILBERT: Minister, thanks for your time. I appreciate it.
On July 16, the first Invest Zambia International Conference was held at the Mulungushi International Conference Centre. The three-day event, themed “Driving Generational Transformative Investments through Joint Ventures and Partnerships”, attracted participation from government departments, enterprises, financial institutions, industry organizations and diplomats from over 20 countries, totaling more than 1,500 attendees.
Zambian President Hakainde Hichilema attended the opening ceremony and delivered a keynote speech. He stated that Zambia has created a stable, predictable, and investor-friendly environment with immense development potential in sectors such as mining, agriculture, tourism, manufacturing and processing. Investors from various countries, including China, have made significant contributions to Zambia’s economic and social development. The Zambian government will strive to foster a better business environment and welcomes global investors to establish joint ventures in Zambia, boosting economic growth, job creation, value addition and technological innovation.
Ambassador Han Jing was present and delivered remarks. He noted that the practical cooperation between China and Zambia has flourished dynamically under the strategic guidance of the two head of state. China is Zambia’s largest source of investment, second-largest trading partner and the largest sponsor of this conference. Chinese enterprises, active across all sectors of Zambia’s economy and society, are vital participants and contributors to the nation’s development. The Chinese government consistently requires all Chinese enterprises to operate in compliance with laws and regulations and actively fulfill social responsibilities. Simultaneously, Ambassador Han stated China’s expectation that the Zambian government and all sectors of society will create a more favorable environment for Chinese enterprises investing and operating in Zambia.
Prior to the opening ceremony, Ambassador Han Jing accompanied President Hichilema on a tour of the Chinese enterprises exhibition. During the opening ceremony, they jointly witnessed the signing of multiple investment cooperation agreements between Chinese enterprises and Zambian counterparts in fields including power construction and new energy vehicles.
Distributed by APO Group on behalf of Embassy of the People’s Republic of China in the Republic of Zambia.
Source: Republic of Taiwan – Ministry of Foreign Affairs
July 13, 2025 No. 239
After arriving in Paraguay in the evening of July 10, Minister of Foreign Affairs Lin Chia-lung visited the Paraguayan Ministry of Foreign Affairs on the morning of the following day to meet with Minister of Foreign Affairs Rubén Ramírez Lezcano. The two reviewed progress made on key components of the Diplomatic Allies Prosperity Project, which is being implemented by the government of Taiwan under the policy framework of integrated diplomacy. Based on mutual trust and mutual benefit, Taiwan and Paraguay are jointly promoting exchanges in economics, trade, investment, infrastructure, smart medicine, technology, education, and smart transportation. Cooperation has brought prosperity to both countries and benefited the Taiwanese and Paraguayan people.
Speaking at a joint press conference with Minister Ramírez after the meeting, Minister Lin said that Taiwan and Paraguay shared the core values of democracy, freedom, human rights, and the rule of law. He affirmed that the bilateral diplomatic relationship was rock-solid. Looking ahead, Minister Lin pledged that both countries would continue to work together to deepen interactions and collaboration in various fields and jointly enhance the well-being of their people. Minister Lin noted that this demonstrated Taiwan’s policy of values-based diplomacy was steadily developing into value-added diplomacy, showing the world that Taiwan-Paraguay ties were a model of successful cooperation.
In the evening, Minister Lin and Minister Ramírez cohosted a reception celebrating the 68th anniversary of diplomatic relations between the Republic of China (Taiwan) and the Republic of Paraguay. The event was attended by over 250 guests, including Paraguayan Supreme Court President César Diesel, Chamber of Deputies Speaker Raúl Latorre Martínez, other deputies and senators, members of the diplomatic corps, and representatives of the overseas Taiwanese community. In his remarks, Minister Lin commended the fruitful outcomes of the long-term and close partnership between Taiwan and Paraguay. He said that recent benchmark initiatives such as the Taiwan-Paraguay Smart Technology Park, the Taiwan-Paraguay Polytechnic University, the Health Information Management Efficiency Enhancement Project, and an electric bus pilot program were steadily yielding results. Noting that Taiwan was a vital link in global supply chains, Minister Lin said that Taiwan was willing to use its advantages in ICT to further deepen cooperation with Paraguay on comprehensive technological development. Minister Lin added that Taiwan was ready to assist its fraternal ally Paraguay in achieving its national blueprint for development and transformation, jointly realizing the vision of sustainability and prosperity.
In his address, Minister Ramírez thanked Taiwan for its long-term assistance in promoting the development of agriculture, livestock, public health, medicine, education, innovation, and infrastructure in Paraguay. He said that cooperation had targeted the sectors of society that were most in need, benefiting farming communities and young students. Praising the Taiwan-Paraguay Polytechnic University as a landmark bilateral cooperation project, Minister Ramírez said that more than 170 engineers had already been trained. He noted that the two countries were working together to construct campus buildings, representing their shared commitment to investing in knowledge and talent. Minister Ramírez added that Taiwan and Paraguay were jointly creating a future for the next generation by incorporating smart industries and global supply chain integration into their cooperation projects.
Paraguay is an important diplomatic ally of Taiwan. A mutual agreement on visa-free entry for ordinary passport holders between the two countries that will come into effect on July 25 is expected to further advance exchanges among the people of Taiwan and Paraguay and make investment by Taiwanese companies in Paraguay more convenient. The two nations will continue to deepen cooperation in all spheres and jointly inject new momentum into their democratic partnership.