Source: People’s Republic of China – State Council News
Robotic arms are displayed during the 9th China-South Asia Expo in Kunming, southwest China’s Yunnan Province, June 22, 2025.
The 9th China-South Asia Expo opened on Thursday in Kunming, and will last until June 24.
At the six-day event, high-tech exhibits related to digital economy, artificial intelligence, green energy and low-altitude economy are expected to attract a large number of visitors. (Xinhua/Chen Xinbo)
Source: New Zealand Government
The Government is attracting new migrants to bring their capital, experience and skills to New Zealand with a flood of formal interest in the new ‘golden’ visa.
Since only April – less than three months – Immigration New Zealand (INZ) has received 189 applications for the Active Investor Plus visa, significantly more than the 116 applications received over more than two-and-a-half years under previous settings, Economic Growth Minister Nicola Willis says.
“New applications under the scheme represent a potential $845 million of new investment in New Zealand business.”
“Attracting investment to New Zealand is crucial to the country’s economic growth. It means Kiwi businesses can expand, hire and grow – and that means more opportunities for New Zealanders.
“Investor migrants are clearly attracted to New Zealand’s growing reputation as a safe, pro-business, high-potential economy. In a world where countries compete for dollars and talent, it’s great to see New Zealand’s growth prospects being recognised.”
“New investors don’t just bring their dollars to our shores, they also bring skills, knowledge and experience that will drive future economic development. It’s a win-win.”
Immigration Minister Erica Stanford says the interest shows investors hear the call loud and clear: New Zealand is open for business.
“We welcome your capital, your knowledge, and your contribution to New Zealand’s economic growth,” Ms Stanford says.
“We’re seeing strong momentum from global investors, particularly across Asia and North America. This reflects our growing reputation as a stable, forward-looking destination for investment and innovation.
“These are smart, flexible and nuanced immigration solutions to help stimulate economic growth.”
On April 1 the Government changed the Active Investor Plus visa to a simple two-pronged system: the Growth category and the Balanced category.
Other changes included expanding the scope of acceptable investments and removing potential barriers to investment, such as the English language requirement.
As at 23 June, 100 applications had been approved in principle, and of those, seven had transferred and invested their funds in New Zealand and had been granted a resident visa. Five of those were invested in the Growth category and two under the Balanced category, totalling a total minimum investment of $45 million.
Source: United Nations (video statements)
Fireside chat between Amina J. Mohammed, UN Deputy Secretary-General, and H.E. Mia Mottley, Prime Minister of Barbados, on transformative financing solutions — including how tackling the debt crisis, ensuring a fair-trade system, and reforming the global financial system can unlock transformative investments in sustainable development, for people and planet. The conversation will be moderated by Homi Kharas, Senior Fellow in the Center for Sustainable Development, Brookings.
Source: Northern Territory Police and Fire Services
As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.
Released 22/06/2025 – Joint media release
The ACT Government is investing more than $15 million through the 2025-26 Budget to support Canberra’s growing visitor economy, strengthen the city’s national profile, and deliver high-quality events that benefit the whole community.
The Budget includes funding to grow tourism, attract more events and business visitors, and continue the revitalisation of one of the capital’s most recognisable landmarks – Telstra Tower.
Backing tourism, events and destination marketing, the Government is supporting Canberra’s tourism industry with:
Chief Minister Andrew Barr said the investments would help grow Canberra’s tourism, hospitality and events sectors.
“This Budget supports a growing visitor economy, with targeted funding to further expand aviation access, bring new events to Canberra, and showcase our strengths,” the Chief Minister said.
“We’re backing local tourism operators and our major festivals, while also strengthening our international engagement and trade connections to create new economic opportunities for the ACT.”
The Government will also support the revitalisation of Telstra Tower in partnership with Telstra. The Government is working towards finalisation of an operational agreement with Telstra.
“We want Telstra Tower to once again be part of a great Canberra tourism experience,” the Chief Minister said.
“By working with Telstra to deliver a commercially viable and modern fit-out, we can secure the future of this iconic landmark and boost tourism activity.”
The Budget also includes funding to continue the ACT’s international engagement activities, including trade missions, business export support and international partnerships, with a focus on business, education and tourism opportunities.
Treasurer Chris Steel said the investments were part of a broader plan to grow Canberra’s economy and support local jobs.
“This Budget provides targeted investments in tourism, events, business and trade that will deliver economic returns to the Territory,” Mr Steel said.
“Whether it’s new events, more flights, or major destination projects like Telstra Tower, we’re making sure Canberra is well-placed to grow as a visitor and business hub.”
Quote attributable to Brendon Riley, Telstra InfraCo CEO
“Telstra is proud to be partnering with the ACT Government to revitalise this iconic site. We’ve already taken important steps by preparing the Tower for redevelopment, and we look forward to supporting the ACT’s vision through detailed design collaboration and a staged re-opening. This project represents a strong commitment from both parties to create something enduring for the Canberra community and its visitors.”
– Statement ends –
Andrew Barr, MLA | Chris Steel, MLA | Media Releases
Source: Northern Territory Police and Fire Services
As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.
Released 23/06/2025 – Joint media release
The Government is supporting the delivery of more homes for Canberrans where and how they want to live.
The Territory Budget will invest more than $145 million to kickstart a significant pipeline of homes for our growing city. This supply pipeline will be supported through a range of policy initiatives and industry incentives.
In partnership with the Australian Government, and our commitments under the national housing accord, the ACT Government has a clear plan to enable 30,000 new homes by 2030.
The Housing Supply and Land Release Program released today demonstrates how the Government will achieve this target, with government land release to support nearly 26,000 homes over the next five years, direct investment to build social and affordable housing, and thousands more homes expected to be delivered on leased land enabled by new planning reforms.
The investments through the Budget will make it easier for Canberrans to find the home they need, whether they’re buying their first home, raising a family, ageing in place, or in need of supported housing.
This includes direct investment in new social and affordable homes, modernising the planning system to support medium-density supply, and targeted reforms to improve fairness and choice in the housing market.
At the same time, the Government will be increasing apprenticeship subsidies for training in six key construction trades to 90 per cent, building on our existing investment in electrotechnology apprenticeships.
This significant investment in training for the construction industry will shape the workforce Canberra needs to build more homes for a generation.
The Budget supports a wide range of practical initiatives to boost supply, increase affordability and deliver homes that suit different stages of life:
In addition to new home construction, the ACT Government is continuing the planning work needed to ensure Canberra grows in a smart, inclusive and sustainable way.
This includes:
To support our plans to enable 30,000 homes by 2030, the Budget supports the development of a future construction workforce, including:
Chief Minister Andrew Barr said housing remains a central investment priority as Canberra grows.
“Canberrans need homes where they want to live that are affordable, sustainable and well-designed,” the Chief Minister said.
“This Budget brings together land release, planning reform, housing delivery and tax reform to meet the needs of a changing city and enable 30,000 new homes by 2030.”
Deputy Chief Minister Yvette Berry said the Budget delivers both practical results and a pathway to lasting change.
“We’re investing in affordable homes now and laying the foundations for a more equitable, more liveable city,” Minister Berry said.
“A stable home is essential for a good life, which is why we’re partnering with the Commonwealth Government to get more homes built than ever before.”
Treasurer Chris Steel said that the Budget demonstrates how the ACT Government is taking action on housing supply from all sides to support 30,000 new homes and making Canberra a more affordable place to live.
“Housing is a key priority for our Government in the Budget. These targets will be achieved through budget investment to build more social and affordable homes, undertaking the next stages of planning reform, further land release and investment in supporting infrastructure,” Minister Steel said.
“We will continue to progress missing middle housing reforms, as well as supporting more well-located homes close to transport, services and jobs.
“The investment in construction skills, trades and productivity will make a real difference to getting more quality homes built more quickly, boosting our economy and helping to reduce inequality.”
Finance Minister Rachel Stephen-Smith said reforms to stamp duty are part of the Government’s broader approach to making housing more accessible.
“By expanding stamp duty concessions to more homebuyers, we’re making it easier for Canberrans to enter the market and find a home that suits their needs.”
Minister for Skills, Training and Industrial Relations Michael Pettersson said that the ACT Government was delivering on election commitments to strengthen Canberra’s construction workforce.
“We promised to make training in the construction trades more accessible for Canberrans who want to develop the skills they need to get a good, secure job – and now we’re delivering.”
– Statement ends –
Andrew Barr, MLA | Yvette Berry, MLA | Chris Steel, MLA | Rachel Stephen-Smith, MLA | Michael Pettersson, MLA | Media Releases
Source: Office of United States Attorneys
ST. LOUIS – U.S. District Judge Henry E. Autrey on Friday sentenced a doctor who committed healthcare fraud schemes to five years in prison and ordered him to repay $2.87 million.
Dr. Stanley L. Librach, now 64, of Chesterfield, pleaded guilty in August in U.S. District Court in St. Louis to one count of conspiracy, one count of illegally prescribing controlled substances, one count of paying illegal kickbacks for referrals and one count of health care fraud. He admitted participating in healthcare fraud schemes involving both kickbacks and the illegal prescribing of controlled substances.
In one scheme, Dr. Librach, Dr. Asim Muhammad Ali, and chiropractor Jerry Dale Leech agreed to send urine samples for testing to Central Diagnostic Laboratory (CDL) in exchange for illegal kickbacks that went to business entities owned by Leech and Denis J. Mikhlin. CDL then sought reimbursement from Medicare and Medicaid for the testing. Dr. Librach also sent urine samples directly from his own separate private practice clinic to CDL. In exchange, Dr. Ali paid the wages of Dr. Librach’s employees.
In another scheme, Dr. Librach, Dr. Ali and Leech wrote prescriptions for the powerful pain medication oxycodone and other controlled substances when there was no legitimate medical purpose and while acting outside the usual course of professional conduct. Drs. Librach and Ali had not examined the patients at the pain clinics with which they were associated. They did not determine that the patients whose names appeared on prescriptions had a medical need for the controlled substances. Instead, they spent several hours one day a week pre-signing prescriptions that would be used for patients at upcoming visits. The doctors did not examine or evaluate the patients and rarely looked at patient charts before signing prescriptions. The doctors signed prescriptions for patients whose test results indicated that they were selling or otherwise diverting the controlled substances and did not address that obvious drug diversion. The conspirators knew that pharmacies would seek reimbursement for the medications from Medicare and Medicaid.
“This provider was involved in multiple elaborate healthcare fraud schemes that involved accepting kickbacks and illegally prescribing dangerous and addictive opioids for financial gain,” said Linda T. Hanley, Special Agent in Charge with the U.S. Department of Health and Human Services, Office of the Inspector General (HHS-OIG). “HHS-OIG remains committed to working closely with our law enforcement partners to protect patients and protect the integrity of federal healthcare programs.”
Special Agent in Charge Michael A. Davis heads the Drug Enforcement Administration division that leads DEA investigations in Kansas and Missouri. “Because opioids are highly addictive, doctors have a duty to ensure they are prescribing controlled medications according to law to protect their patients’ health and safety,” said Davis.
Eleven defendants were indicted in 2020, including three doctors, their staff and purported patients. A twelfth was added in 2022. All have pleaded guilty.
Dr. Ali, 54, of Creve Coeur, pleaded guilty in May of 2024 to charges similar to the ones to which Dr. Librach pleaded. He is scheduled to be sentenced in August. Leech, 52, of Creve Coeur, pleaded guilty in 2021 to one count of conspiracy, one count of obtaining a controlled substance by fraud, one count of paying illegal kickbacks for referrals and one count of health care fraud. He is scheduled to be sentenced in September. Mikhlin, 46, of Chesterfield, was sentenced in 2021 to nine years in prison and ordered to repay $181,265.
The HHS-OIG, the DEA, the Missouri Attorney General’s Medicaid Fraud Control Unit, the Federal Bureau of Investigation, the Defense Criminal Investigative Service investigated the case. Assistant U.S. Attorneys Amy Sestric, Derek Wiseman and Jonathan Clow are prosecuting the case.
Source: Office of United States Attorneys
SAN DIEGO – Federal prosecutors in the Southern District of California filed 83 border-related cases this week, including charges of bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances.
The U.S. Attorney’s Office for the Southern District of California is the fourth-busiest federal district, largely due to a high volume of border-related crimes. This district, encompassing San Diego and Imperial counties, shares a 140-mile border with Mexico. It includes the San Ysidro Port of Entry, the world’s busiest land border crossing, connecting San Diego (America’s eighth largest city) and Tijuana (Mexico’s second largest city).
In addition to reactive border-related crimes, the Southern District of California also prosecutes a significant number of proactive cases related to terrorism, organized crime, drugs, white-collar fraud, violent crime, cybercrime, human trafficking and national security. Recent developments in those and other significant areas of prosecution can be found here.
A sample of border-related arrests this week:
Also recently, a number of defendants with criminal records were convicted by a jury or sentenced for border-related crimes such as illegally re-entering the U.S. after previous deportation. Here are a few of those cases:
Pursuant to the Department’s Operation Take Back America priorities, federal law enforcement has focused immigration prosecutions on undocumented aliens who are engaged in criminal activity in the U.S., including those who commit drug and firearms crimes, who have serious criminal records, or who have active warrants for their arrest. Federal authorities have also been prioritizing investigations and prosecutions against drug, firearm, and human smugglers and those who endanger and threaten the safety of our communities and the law enforcement officers who protect the community.
The immigration cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), Customs and Border Protection, U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with the support and assistance of state and local law enforcement partners.
Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
Source: GlobeNewswire (MIL-OSI)
New York, June 23, 2025 (GLOBE NEWSWIRE) — The crypto arena is heating up as Ethereum and Solana lock horns in a high-stakes battle for dominance. With institutional money pouring into blockchain infrastructure and the SEC now reviewing ETF proposals for both assets, the stage is set for a dramatic showdown. Could ETH leave SOL in the dust by late 2025? Let’s unpack the data, including why projects like Remittix might be the smartest ETH-based bets right now.
Why Ethereum’s price prediction looks unstoppable
Here’s the thing about Ethereum: it keeps proving doubters wrong. As we barrel toward mid-2025, ETH isn’t just holding its ground; it’s gearing up for a potential breakout. The numbers tell the story: institutional inflows hit record levels last quarter, while layer-2 solutions like Arbitrum and Optimism finally made gas fees tolerable. And let’s not overlook the SEC’s unexpected move to solicit public feedback on Franklin Templeton’s ETH ETF filing. That’s regulatory progress you can’t ignore.
Source: CryptoBasics
Technically speaking? The charts scream bullish. Ethereum’s developer ecosystem remains the most vibrant in crypto, with over 4,000 dApps now live. Compare that to Solana’s spotty uptime (remember those five-hour outages?) and it’s clear which network offers reliability. Analysts whisper about ETH retesting its $4,900 ATH by Q3 2025, especially if BlackRock’s rumored Ethereum price predictions materialize.
Solana’s Institutional Hype Meets Hard Reality
Don’t get us wrong, SOL has its merits. Pantera Capital’s recent bet on Gradient Network (a Solana AI project) shows big money still sees potential. But here’s the rub: SOL’s price just got rejected at a key resistance level, and its validator centralization issues won’t magically disappear. Sure, partnerships with Bitget Wallet and Ondo Finance help, but when your network goes down more often than a cheap hotel WiFi, institutions get skittish.
Source: CoinMarketCap
The SEC’s parallel review of SOL and XRP ETFs? That’s a double-edged sword. Approval could spark a rally, but delays might expose Solana’s Achilles’ heel—its murky regulatory status. Meanwhile, Ethereum’s price prediction based on proof-of-stake gives it cleaner optics with policymakers. Speed and low fees are great until your chain halts during a market surge, just like September 2023.
Remittix: The ETH-powered payments juggernaut
Now for the sleeper hit: Remittix (RTX). This isn’t just another DeFi project; it’s solving the $183 trillion cross-border payments nightmare. Built on Ethereum (because security matters), it lets users zap 40+ cryptos to any bank account as instant fiat. No KYC for recipients. No 3% Western Union fees. It’s offering seamless value transfer that bridges crypto and traditional finance.
What makes Remittix different from institutional players? Three words: real-world utility. Unlike Stripe or Wise, it doesn’t force recipients into crypto. Grandma gets pesos in her Banco Nacional account while you send ETH. It completely negates the need for long-winded, outmoded methods of remittance by embracing the possibilities enabled through blockchain technology.
Furthermore, Remittix offers businesses a Pay API that’s essentially a “crypto acceptance on-ramp”, letting merchants get fiat settlements without touching volatile assets. This unique feature already has fintechs salivating, imagining Shopify stores accepting crypto but settling in euros. As word spreads and adoption takes off, the prospects for this project are incredible.
With over $15.7 million raised and presale demand soaring, this might be the last chance to buy before CEX listings send prices vertical.
Finding the best in 2025
Ethereum’s price prediction outperforming Solana in H2 2025 looks increasingly probable. Where SOL has only speed, ETH has staying power. As for alpha? Remittix combines Ethereum’s robustness with a payments solution that could dent the growing banking sector. Tokens are priced at $0.0781, and a presale sprint bonus means the window won’t stay open forever. The only question is if you want in before the crowd catches on.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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Source: Australian Ministers for Regional Development
Without sufficient laws in place, Australian consumers and businesses continue to encounter a significant number of harmful practices across a range of digital platform services, the ACCC’s tenth and final report of the ACCC’s Digital Platform Services Inquiry has found.
“Digital platform services are critically important to Australian consumers and businesses and are major drivers of productivity growth in our economy,” ACCC Chair Gina Cass-Gottlieb said.
“While these services have brought many benefits, they have also created harms that our current competition and consumer laws cannot adequately address. This is why we continue to recommend that targeted regulation of digital platform services is needed to increase competition and innovation, and protect consumers in digital markets.”
The report, which concludes the ACCC’s five year inquiry, has reiterated support for measures including an economy wide unfair trading practices prohibition, an external dispute resolution body for digital platform services, and a new digital competition regime.
The ACCC’s final report found that there continues to be significant risk of consumer and competition harms on digital platforms.
Consumers continue to face unfair trading practices in digital markets including manipulative design practices, such as user interfaces that direct consumers to more expensive subscriptions or purchase options.
“72 per cent of Australian consumers surveyed by the ACCC reported that they had encountered potentially unfair practices when shopping online, such as accidental subscriptions or hidden fees. An unfair trading practices prohibition is required to protect consumers from these kinds of tactics, both online and offline,” Ms Cass-Gottlieb said.
“Our consumer survey also found 82 per cent of respondents agree that there should be a specialised independent external dispute resolution body for users of digital platform services to escalate complaints which cannot be resolved with platforms directly.”
“An external dispute resolution body would also help Australian small businesses who rely on digital platforms to reach their customers – for example, when a fake review is made about their business on a search engine or marketplace, or when they have an account deactivated and lose their means of accessing their customers on social media,” Ms Cass-Gottlieb said.
Throughout the course of this five-year Inquiry, the ACCC has also observed conduct by the most powerful digital platforms that is distorting the competitive process. This conduct includes denying interoperability, self-preferencing and tying, exclusivity agreements, impeding switching, and withholding access to important hardware, software, and data inputs.
“A lack of competition in digital markets can lead to higher prices, less choice, lower quality or even greater harvesting of personal data, ultimately impacting everyday users,” Ms Cass-Gottlieb said.
“There is broad international recognition that there is anti-competitive conduct in digital markets that needs to be addressed. Several jurisdictions have already introduced regulation to improve competition in digital markets, including the European Union, the United Kingdom, Germany and Japan.”
“It is timely to progress a new digital competition regime in Australia which will increase contestability, benefit both local and foreign companies that rely on access to these platforms to conduct business in Australia, and support a growing economy,” Ms Cass-Gottlieb said.
The final report has also outlined how rapidly evolving digital markets and emerging technologies, like cloud computing and generative AI, may exacerbate existing risks to competition and consumers in Australia or give rise to new ones.
For example, cloud computing is continuing to grow both globally and in Australia, providing significant benefits for businesses and consumers. However, the ACCC’s report identified a range of potential competition risks in this sector.
“We found that the major providers of cloud computing in Australia – Amazon, Microsoft and Google – are vast, incumbent digital platforms that are vertically integrated across the cloud technology stack. Vertically-integrated cloud providers may be incentivised to engage in conduct that could harm their competitors – for example, anti-competitively bundling their own services across different layers of the cloud stack,” Ms Cass-Gottlieb said.
The report also found that generative AI developers and deployers generally require access to significant cloud computing power to train and deploy their products. However, cloud providers may be incentivised to anti-competitively bundle, tie or self-preference their own generative AI products above those of competitors.
“Harms to competition in the generative AI sector could hamper innovation, result in lower quality products and services, and force Australian businesses and consumers to pay more than they otherwise would to utilise this technology,” Ms Cass-Gottlieb said.
“To protect against these kinds of risks, it is critical that the proposed digital competition regime enable the ACCC to continue monitoring changes to services it has previously examined, as well as new technologies that emerge over time.”
The ACCC’s Digital Platforms Branch conducted a five-year inquiry into markets for the supply of digital platform services in Australia and their impacts on competition and consumers, following a direction from the Treasurer in 2020.
The inquiry reported to the Government every six months and examined different forms of digital platform services, including: online private messaging services, app marketplaces, search defaults and choice screens, general online retail marketplaces, regulatory reform, social media services, expanding ecosystems of digital platforms, data products and
services supplied by data firms, and revisiting general search services. This ACCC’s tenth report concludes the inquiry.
Previous reports are published at Digital platform services inquiry 2020-25.
In the fifth DPSI interim report on regulatory reform, the ACCC made a range of recommendations to bolster competition in the digital economy, level the playing field between big tech companies and Australian businesses, and reduce prices for consumers. The recommendations include new service-specific mandatory codes of conduct for particular ‘designated digital platforms,’ based on principles set out in legislation.
In December 2023, the Government accepted the ACCC’s findings that existing competition provisions by themselves are not sufficient to address current or potential future competition harms and supported-in-principle the development of a new digital competition regime. In December 2024, the Government began consultation on the implementation of a new digital competition regime in Australia.
Further information, including key findings are available on the ACCC website.
‘Cloud computing’ refers to the provision of global, on-demand network access to computing resources such as networks, servers, storage, applications and services. Cloud computing can be contrasted with traditional on-premises computing, where an organisation installs and maintains its own IT infrastructure for private use.
‘Generative AI’ refers to a type of artificial intelligence (AI) that can create content such as text, images, audio, video or data, in response to prompts entered by a user. Generative AI adopts a machine learning approach for turning inputs and outputs into new outputs by analysing extremely large datasets.
Source: Government of Ireland – Department of Jobs Enterprise and Innovation
23rd June 2025
Minister for Enterprise, Tourism and Employment Peter Burke is leading a Trade and Investment Mission to Japan, accompanied by Enterprise Ireland CEO Designate Jenny Melia and IDA Ireland CEO Michael Lohan, reflecting the strong commitment by the Irish government to expanding both Investment and Trade with Japan.
Two-way trade between Japan and Ireland now exceeds €21 billion and Japan is the number one source of foreign direct investment into Ireland from the Asia Pacific region. These investments come in the areas of technology services, semiconductors, pharmaceuticals, medical devices, and financial services.
Minister Burke said:
“Trade promotion and market diversification are key government priorities, and I see significant opportunities in Japan for both Irish companies and FDI. This week, we are engaging with dozens of major corporations to highlight Ireland’s global position as a stable location for investment, as well as helping Irish companies to build, scale and expand in this region.
“Looking ahead, the relationship between our two countries is based on shared values and mutual respect and as Minister, I believe our work in this regard will facilitate this relationship growing deeper and stronger in the years ahead. With the CEOs of both the IDA and Enterprise Ireland, we are working hard this week to explore new avenues for growth in sectors with significant potential.”
Japan is a growing export market with over 300 Enterprise Ireland clients doing business in Japan and over 50 Irish companies having representations or presence in Japan.
The Minister along with senior executives will also meet IDA’s potential and existing clients to set out the unique advantages of locating in Ireland to service a European marketplace of 450 million people. He will meet with a number of Enterprise Ireland client companies seeking new opportunities for their world-class products and services and will hold a number of political engagements with his counterparts in the Japanese Government.
Minister Burke will visit the new Ireland House Tokyo, which is home to offices for the Embassy, Team Ireland, including Enterprise Ireland, Bord Bia and IDA. The Team Ireland brand contributes to raising Ireland’s profile in Japan, by showcasing our cultural heritage, creativity and innovation through excellence in design and providing a platform for our state agencies to engage in and support Irish business interests in Japan.
During the second half of the week, the Minister will attend the Osaka Expo 2025. Participation at Expo provides an excellent platform for direct public diplomacy and an opportunity to increase visibility of Ireland in the region. The development of the Irish Pavilion at Expo is a strong example of the Team Ireland approach, with active participation and engagement from across Government Departments and State Agencies, all working in tandem to promote Ireland on the world stage.
ENDS
Source: deVere Group
June 22 2025 – The market impact of President Donald Trump’s military strikes on Iranian nuclear facilities is already beginning to reshape investor expectations across asset classes, sectors and geographies, says Nigel Green, CEO of financial advisory giant deVere Group.
As markets reopen, investors are bracing for sharp volatility, with crude oil prices expected to surge and inflation forecasts now under intense scrutiny.
A conflict that had remained largely contained is now threatening to trigger broad-based repricing across the global economy.
“The US strike on Iran’s nuclear sites is a market-defining moment,” says Nigel Green. “It’s a direct hit to the assumptions that have been driving investor positioning: lower inflation, falling rates, and stable energy prices. This framework has just been broken.”
Brent crude had already been climbing steadily in recent weeks, but the decision to target Iranian nuclear facilities has dramatically increased fears of retaliation and disruption.
Any closure or threat to the Strait of Hormuz, through which nearly 20% of the world’s oil flows, would send prices sharply higher.
Some analysts now warn that crude could spike toward $130 per barrel, depending on Iran’s next move.
“Such a price shock would filter through to global inflation, which remains elevated and/or sticky in many regions. Market participants had been pricing in rate cuts from central banks including the Federal Reserve in the second half of the year. That is now in question,” notes the deVere CEO.
“A sustained surge in oil makes rate cuts very difficult to justify. If inflation spikes back up, monetary policymakers will be forced to hold, and possibly even reconsider the easing cycle altogether,” saysNigel Green.
“That fundamentally changes the landscape for equity sectors, currencies, and credit.”
He continues: “In equities, the most immediate reaction is likely to be a rotation out of rate-sensitive and consumer-driven sectors. Travel and tourism companies, which are highly vulnerable to energy costs and geopolitical disruptions, are expected to come under pressure. Tech stocks, particularly those trading on high multiples, may also see selling as the bond market rethinks the rate outlook.”
At the same time, there is likely to be “increased investor appetite for energy producers, commodity firms and companies tied to national defense. With military budgets already rising in several developed economies, firms linked to security, surveillance, aerospace and weapons manufacturing are well-positioned to benefit from a surge in demand.”
Meanwhile, consumer staples and utility companies, with stable earnings profiles and pricing power, may also draw inflows in this higher-volatility environment.
Safe-haven flows are expected to intensify. “Government bond yields may fall sharply on the short end, even as long-term inflation expectations creep higher. Gold, which has already rallied this year, is likely to climb further as investors hedge geopolitical and monetary risk.”
Currency markets could see a short-term bid for the US dollar on safety grounds, but the longer-term picture is more uncertain. With America now deeply embedded in a widening Middle East conflict, and inflation risks rising, the dollar’s appeal could diminish if the US growth outlook deteriorates.
“The dollar may rally initially, but this isn’t a clean safe-haven story,” says Nigel Green.
“If oil drives up inflation and suppresses consumer demand, we may see slower growth in the US and renewed pressure on fiscal stability. That’s not necessarily a supportive environment for the dollar longer-term.”
Green also notes that although past geopolitical events in the region have often led to short-term drawdowns followed by market recoveries, 2025 presents a very different macro backdrop. In previous conflicts, inflation was low, rates were near zero, and central banks had ample room to support asset prices. This is no longer the case.
“This is not 2019. We’re in a tighter, more fragile system now, with less room for error,” he says.
“Investors can’t afford to wait and see. They need to respond now, reposition portfolios, and focus on sectors and strategies that can withstand prolonged uncertainty.”
deVere is advising clients globally to reduce exposure to sectors vulnerable to energy cost spikes and to consider shifting allocations toward energy, commodities, and defensive names. Gold and inflation-linked bonds are also being recommended as part of broader portfolio hedging strategies.
“The time for passive optimism is over,” conclude the chief executive.
“This strike marks a turning point. The smart investors are already repositioning, those who hesitate risk being left exposed.”
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Source: New Zealand Government
New Zealand’s horticulturalists are breaking new ground with exports tipped to surpass $8 billion for the first time, Associate Agriculture Minister Nicola Grigg says.
“New Zealand’s horticulture sector is poised for impressive growth, with export revenue forecast to hit a record $8.5 billion by 30 June 2025,” Ms Grigg says.
“That’s phenomenal growth of 19 per cent – the fastest of any agricultural sector – reflecting the dedication and resilience of our growers and exporters.
“Looking ahead, the sector’s continued hard work is expected to drive that even higher, with export revenue forecast to climb to $9.8 billion by 2029.
“These numbers reflect the vital role horticulture plays in New Zealand’s economy and global trade.
“Kiwifruit and apple exports are the key drivers behind these figures. Bumper kiwifruit crops are driving a forecast 36 per cent increase in export revenue to $3.9 billion – a remarkable achievement,” Ms Grigg says.
“Increased export volumes and average export prices are behind a forecast 18 per cent jump in apple and pear exports to $1.1 billion this year, surpassing $1 billion for the first time, and avocados are expected to rebound by an impressive 192 per cent to reach $108 million.
“These strong results are thanks to the dedication and hard work of our fruit and vege growers – and the Government is fully committed to backing their ongoing success.
“The Government is working hard to ensure the right settings are in place to support to grow their businesses.
“For example, we’ve recently opened public consultation on the biggest package of changes to national direction under the Resource Management Act in New Zealand’s history.
“This includes removing unnecessary consents for practices like crop rotation, enabling commercial domestic vegetable growing, and supporting long-term water security by enabling water storage.
“Our common-sense proposals streamline or remove many of the burdensome regulations holding our growers back.
“The Government will keep working hard to support Kiwi growers to boost on-farm productivity and profitability, drive higher farmgate returns, and strengthen our rural communities.”
ASB has appointed Frank Jasper to the new role of Chief Investment Officer (CIO), strengthening ASB’s in-house investment management expertise.
Frank has a proven track record of success as an investment manager, including time as a Senior Portfolio Manager and then Chief Investment Officer at Fisher Funds, with more than 20 years of experience in the industry.
Frank will work closely with ASB investment partner, BlackRock, which will see clients continue to benefit from BlackRock’s global reach, expertise, and proven performance.
“I look forward to building on ASB’s strong investment track record, working alongside BlackRock to continue to deliver strong returns for our clients in a rapidly changing environment.
Delivering strong investment returns is only part of the puzzle to unlock greater wealth for Kiwi. I am very passionate about helping our clients, and all New Zealanders, to feel empowered to make better investment decisions, which will have a great long-term impact on their finances.” says Frank.
ASB General Manager Wealth Emma-Jayne Liddy says Frank is a fantastic addition to the ASB team, bringing valuable experience and perspective both from his role on our Investment Committee and beyond, and is joining at a critical time for this part of the business.
“It’s an exciting time for our Wealth business. We are proud of our strong investment track record, with the Morningstar KiwiSaver Survey placing our 12-month returns in the top quartile across all our diversified funds as at 31 March 2025. Additionally, the MJW 2025 Investment Survey has placed us in first place for one-year returns, across our Growth, Balanced and Moderate KiwiSaver funds, and we were also a finalist for Fund Manager of the year for 2025 in the Morningstar Awards for Investing Excellence. We want to continue building on this success for our clients.
With a volatile market, the recent changes to KiwiSaver announced by the Government, and an uncertain geopolitical environment, it’s important for our clients and all New Zealanders to have confidence in their investments.
We have a big role to play here and we’re looking forward to Frank’s leadership and expertise to help set the business up to deliver on its ambition.” says Emma-Jayne.
Frank Jasper started in his new role in June 2025. Alongside his new role as ASB CIO, Frank will continue as a member of the ASB Investment Committee, which he has been a part of since 2022.
Source: United Kingdom – Executive Government & Departments
Industrial Strategy sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business
More than 7,000 British businesses are set to see their electricity bills slashed by up to 25% from 2027, as the Government unveils its bold new Industrial Strategy today [Monday 23 June].
The modern Industrial Strategy sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business by tackling two of the biggest barriers facing UK industry – high electricity prices and long waits for grid connections.
British manufacturers currently pay some of the highest electricity prices in the developed world while businesses looking to expand or modernise have faced delays when it comes to connecting to the grid.
For too long these challenges have held back growth and made it harder for British firms to compete. Today’s announcement marks a decisive shift — with government stepping in to support industry and unlock the UK’s economic potential.
From 2027, the new British Industrial Competitiveness Scheme will reduce electricity costs by up to £40 per megawatt hour for over 7,000 electricity-intensive businesses in manufacturing sectors like automotive, aerospace and chemicals.
These firms, which support over 300,000 skilled jobs, will be exempt from paying levies such as the Renewables Obligation, Feed-in Tariffs and the Capacity Market — helping level the playing field and make them more internationally competitive. Eligibility and further details on the exemptions will be determined following consultation, which will be launched shortly.
The government is also increasing support for the most energy-intensive firms — like steel, chemicals, and glass — by covering more of the electricity network charges they normally have to pay through the British Industry Supercharger. These businesses currently get a 60% discount on those charges, but from 2026, that will increase to 90%. This means their electricity bills will go down, helping them stay competitive, protect jobs, and invest in the future.
This will help around 500 eligible businesses in sectors such as steel, ceramics and glass reduce their costs and protect jobs in industries that are the backbone of our economy and will be delivered at no additional cost to the taxpayer.
These reforms complement the government’s long-term mission for clean power, which is the only way to bring down bills for good by ending the UK’s dependency on volatile fossil fuel markets.
To ensure businesses can grow and hire without delay, the government will also deliver a new Connections Accelerator Service to streamline grid access for major investment projects — including prioritising those that create high-quality jobs and deliver significant economic benefits.
We will work closely with the energy sector, local authorities, Welsh and Scottish Governments, trade unions, and industry to design this service, which we expect to begin operating at the end of 2025. New powers in the Planning and Infrastructure Bill, currently before parliament, could also allow the Government to reserve grid capacity for strategically important projects, cutting waiting times and unlocking growth in key sectors.
The Industrial Strategy is a 10-year plan to promote business investment and growth and make it quicker, easier and cheaper to do business in the UK, giving businesses the confidence to invest and create 1.1 million good, well-paid jobs in thriving industries – delivering on this government’s Plan for Change.
This Industrial Strategy marks a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.
In an era of global economic instability, it delivers the long term certainty and direction British businesses need to invest, innovate and create good jobs that put more money in people’s pockets as part of the plan for change.
This is how we power Britain’s future – by backing the sectors where we lead, removing the barriers that hold us back, and setting out a clear path to build a stronger economy that works for working people. Our message is clear – Britain is back and open for business.
The UK has some of the most innovative businesses in the world and our Plan for Change has provided them with the stability they need to grow and for more to be created.
Today’s Industrial Strategy builds on that progress with a ten-year plan to slash barriers to investment. It’ll see billions of pounds for investment and cutting-edge tech, ease energy costs, and upskill the nation. It will ensure the industries that make Britain great can thrive. It will boost our economy and create jobs that put more money in people’s pockets.
We’ve said from day one Britain is back in business under this government, and the £100 billion of investment we’ve secured in the past year shows our Plan for Change is already delivering for working people.
Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, delivering economic growth that puts more money in people’s pockets and pays for our NHS, schools and military.
Not only does this Strategy prioritise investment to attract billions for new business sites, cutting-edge research, and better transport links, it will also make our industrial electricity prices more competitive.
Tackling energy costs and fixing skills has been the single biggest ask of us from businesses and the greatest challenge they’ve faced – this government has listened, and now we’re taking the bold action needed. Government and business working hand in hand to make working people better of is what this Government promised and what we will deliver.
For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.
As part of our modern industrial strategy we’re unlocking the potential of British industry by slashing industrial electricity prices in key sectors.
We’re also doubling down on our clean power strengths with increased investment in growth industries from offshore wind to nuclear. This will deliver on our clean power mission and Plan for Change to bring down bills for households and businesses for good.
The Supercharger and British Industrial Competitiveness Scheme will be funded through reforms to the energy system. The government is reducing costs within the system to free up funding without raising household bills or taxes and intends to also use additional funds from the strengthening of UK carbon pricing, including as a result of linking with the EU carbon market.
We have set out an intention to link emissions trading systems, as part of our new agreement with the European Union to support British businesses. Without an agreement to do this, British industry would have to pay the EU’s carbon tax.
We intend to link our carbon pricing system with the EU’s, we will ensure that money stays in the UK—which allows us to support British companies and British jobs through these schemes.
Building on the Spending Review and the recently announced 10-Year Infrastructure Strategy, the Industrial Strategy is the latest step forward in our plans to deliver national renewal. It will include targeted support for the areas of the country and economy that have the greatest potential to grow, while introducing reforms that will make it easier for all businesses to get ahead.
The Strategy’s bold plan of action includes:
The plan focuses on 8 sectors where the UK is already strong and there’s potential for faster growth: Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services. Each growth sector has a bespoke 10-year plan that will attract investment, enable growth and create high-quality, well-paid jobs.
I welcome today’s Industrial Strategy, which sets out a clear plan to back the UK’s growth driving sectors. It is particularly positive to see the strong focus on skills in areas such as engineering, technology and defence. Commitments such as £187 million for the TechFirst programme will ensure the UK has the skills it needs to support our growth industries and seize transformative opportunities like AI.
Today’s Industrial Strategy announcement is a significant leap forward in the partnership between government and business that sets us on the path to our shared goal of raising living standards across the country.
It sends an unambiguous, positive signal about the nation’s global calling card as well as the direction of travel for the wider economy for the next decade and beyond.
The CBI has long been advocating for a comprehensive industrial strategy, based on the UK’s USP – the sectors and markets where we can compete to win on the global stage.
More competitive energy prices, fast-tracked planning decisions and backing innovation will provide a bedrock for growth. But the global race to attract investment will require a laser-like and unwavering focus on the UK’s overall competitiveness.
Today marks the beginning of delivering this strategy in close partnership, at pace, and with a shared purpose.
British industry has been in desperate need for a government who understands our sector and had the strategic vision for a plan for growth. Today’s Industrial Strategy is a giant and much needed step forward taken by the Secretary of State who has seen the potential and provided the keys to help unlock it.
Make UK has led the campaign for a new industrial strategy for many years, highlighting the three major challenges that were diminishing our competitiveness, hampering growth and frustrating productivity gains: a skills crisis, crippling energy costs and, an inability to access capital for new British innovators.
The strategy announced today sets out plans to address all three of these structural failings. Clearly there is much to do as we move towards implementation but, this will send a message across the Country and around the world that Britain is back in business.
The UK Government’s Industrial Strategy commitment to support our world-leading aerospace and nuclear industries shows long-term strategic foresight. Rolls-Royce’s highly differentiated technologies in gas turbines and nuclear capabilities- including SMRs and AMRs- are uniquely placed to deliver economic growth, skilled jobs and attract investment into the UK.
The publication of an Industrial Strategy – one with automotive at its heart – is the policy framework the sector has long-sought and Government has now addressed. Such a strategy – long-term, aligned to a trade strategy and supported by all of Government – is the basis on which the UK automotive sector can regain its global competitiveness. Making the UK the best place to invest now depends on implementation, and implementation at pace, because investment decisions are being made now against a backdrop of fierce competition and geopolitical uncertainty. The number one priority must be addressing the UK’s high cost of energy, enabling the sector to invest in the technologies, the products and the people that will give the UK its competitive edge.
Five sector plans have been published today:
Source: The Conversation (Au and NZ) – By Ming Gao, Research Fellow of East Asia Studies, Lund University
One of the most sought-after items of 2025 isn’t a designer handbag or the latest tech gadget. It’s a plush elf with a snaggle-toothed grin.
Labubu (拉布布) is a global sensation. From David Beckham and Rihanna to Dua Lipa and Blackpink’s Lisa, celebrities – and even members of the Thai royal family – have been spotted showcasing their Labubu collections.
Created in 2015 by Hong Kong artist Kasing Lung for his picture-book series The Monsters, Labubu gained mass popularity when toy company Pop Mart began releasing it as blind-box collectables in 2019. The toys are often sold in these blind-boxes, where people don’t know what make they’ve bought until after opening the box.
The niche designer toy has since spiralled into a multi billion-dollar obsession. Plushies sell out within minutes, fans queue for hours, and rare editions like the human-sized mint-green-coloured Labubu have fetched over A$230,000 at auction.
Labubu isn’t just a toy. It’s a glimpse of how China’s long-awaited soft power is beginning to take shape in unexpected ways.
For years, the Chinese government has tried to cultivate a positive image abroad through the Belt and Road Initiative, introducing visa-free entry to boost tourism, and promoting homegrown brands.
None of these efforts have matched the spontaneous global appeal of this small plush creature. Unlike Japan’s government-funded “Cool Japan” initiative launched in 2010, or South Korea’s highly coordinated export of creative industries, Labubu succeeded without central planning. It went viral organically: fanned by fandoms, fuelled by TikTok and amplified by celebrity endorsements.
Now, China is starting to look “cool” to the outside world.
Pop Mart’s blind-box sales model taps into the same reward mechanisms as online gaming. More than buying a toy, it’s about the thrill of unboxing the rarest edition, the social status of ownership, and the resale value of a seemingly childish product. This cultural product is emotionally charged and economically strategic.
For China, Labubu represents an unintentional yet potent form of soft power: a quirky figure that makes the country feel playful, creative and emotionally accessible.
In an era when global perceptions of China are often shaped by geopolitics, surveillance, and authoritarianism, Labubu seems to offer something different – something disarming.
Japan, long celebrated for its exports of anime, fashion, and food culture, launched its “Cool Japan” strategy in 2010 to formalise and promote its creative industries abroad.
The initiative helped amplify global interest in sectors such as anime and cuisine but it often struggled with bureaucratic inefficiency, market misjudgements and unclear performance metrics.
Many of the country’s cultural successes – from Pokémon and Studio Ghibli to ramen and izakaya – were largely driven by market forces and fan communities, rather than by the government.
South Korea provides a more recent, effective model. The Korean Wave, or hallyu, has been heavily supported by state investment and infrastructure.
From the film Parasite to global icons such as K-Pop band BTS, South Korea’s cultural output has earned international acclaim and helped rebrand the nation on the world stage.
Importantly, it was a case of soft power being harnessed intentionally and strategically, with entertainment at the forefront of foreign policy.
Labubu represents a third model: accidental soft power born from a commercial ecosystem in China increasingly focused on intellectual property (IP), lifestyle branding and consumer-driven trends.
Beyond its political implications, the Labubu craze reflects wider shifts in global consumer culture. Today’s toy market is no longer just for children.
The adult “kidult” sector, driven by nostalgia, comfort-seeking, and collectability, is rising.
The frenzy over Labubu is part of this trend, where millennials and Gen Z buyers invest in emotionally charged objects as expressions of identity, status and belonging.
At the same time, Labubu represents a growing intersection between play and finance. The resale market treats plushies like speculative assets. Their scarcity creates value; their emotional resonance creates demand.
It’s capitalism with a fuzzy face.
Not everything is cuddly. In cities like London or Seoul, Pop Mart was forced to suspend sales after scuffles broke out among fans competing to buy the toys. And a surge in global counterfeits has raised growing concerns over IP protection and consumer trust.
Labubu may look like a mischievous little elf, but it carries serious cultural weight.
It reflects a China that is no longer just a producer of goods, but a producer of desire.
It’s tempting to see Labubu as a fad like fidget spinners, Beanie Babies, or Tamagotchis. But it signals something deeper: a shift in how Chinese cultural products can evoke emotion, status and aspiration on a global scale.
This tiny plush toy took nearly a decade to become a global sensation. China’s hopes of fully realising its soft power potential may take even longer. But if Labubu is any indication, the way forward may depend less on state-led campaigns and more on organic, bottom-up cultural momentum.
Ming Gao receives funding from the Swedish Research Council. This research was produced with support from the Swedish Research Council grant “Moved Apart” (nr. 2022-01864). Ming Gao is a member of Lund University Profile Area: Human Rights.
– ref. Labubu plushies aren’t just toys. They’re a brand new frontier for Chinese soft power – https://theconversation.com/labubu-plushies-arent-just-toys-theyre-a-brand-new-frontier-for-chinese-soft-power-259146
Source: The Conversation (Au and NZ) – By Ming Gao, Research Fellow of East Asia Studies, Lund University
One of the most sought-after items of 2025 isn’t a designer handbag or the latest tech gadget. It’s a plush elf with a snaggle-toothed grin.
Labubu (拉布布) is a global sensation. From David Beckham and Rihanna to Dua Lipa and Blackpink’s Lisa, celebrities – and even members of the Thai royal family – have been spotted showcasing their Labubu collections.
Created in 2015 by Hong Kong artist Kasing Lung for his picture-book series The Monsters, Labubu gained mass popularity when toy company Pop Mart began releasing it as blind-box collectables in 2019. The toys are often sold in these blind-boxes, where people don’t know what make they’ve bought until after opening the box.
The niche designer toy has since spiralled into a multi billion-dollar obsession. Plushies sell out within minutes, fans queue for hours, and rare editions like the human-sized mint-green-coloured Labubu have fetched over A$230,000 at auction.
Labubu isn’t just a toy. It’s a glimpse of how China’s long-awaited soft power is beginning to take shape in unexpected ways.
For years, the Chinese government has tried to cultivate a positive image abroad through the Belt and Road Initiative, introducing visa-free entry to boost tourism, and promoting homegrown brands.
None of these efforts have matched the spontaneous global appeal of this small plush creature. Unlike Japan’s government-funded “Cool Japan” initiative launched in 2010, or South Korea’s highly coordinated export of creative industries, Labubu succeeded without central planning. It went viral organically: fanned by fandoms, fuelled by TikTok and amplified by celebrity endorsements.
Now, China is starting to look “cool” to the outside world.
Pop Mart’s blind-box sales model taps into the same reward mechanisms as online gaming. More than buying a toy, it’s about the thrill of unboxing the rarest edition, the social status of ownership, and the resale value of a seemingly childish product. This cultural product is emotionally charged and economically strategic.
For China, Labubu represents an unintentional yet potent form of soft power: a quirky figure that makes the country feel playful, creative and emotionally accessible.
In an era when global perceptions of China are often shaped by geopolitics, surveillance, and authoritarianism, Labubu seems to offer something different – something disarming.
Japan, long celebrated for its exports of anime, fashion, and food culture, launched its “Cool Japan” strategy in 2010 to formalise and promote its creative industries abroad.
The initiative helped amplify global interest in sectors such as anime and cuisine but it often struggled with bureaucratic inefficiency, market misjudgements and unclear performance metrics.
Many of the country’s cultural successes – from Pokémon and Studio Ghibli to ramen and izakaya – were largely driven by market forces and fan communities, rather than by the government.
South Korea provides a more recent, effective model. The Korean Wave, or hallyu, has been heavily supported by state investment and infrastructure.
From the film Parasite to global icons such as K-Pop band BTS, South Korea’s cultural output has earned international acclaim and helped rebrand the nation on the world stage.
Importantly, it was a case of soft power being harnessed intentionally and strategically, with entertainment at the forefront of foreign policy.
Labubu represents a third model: accidental soft power born from a commercial ecosystem in China increasingly focused on intellectual property (IP), lifestyle branding and consumer-driven trends.
Beyond its political implications, the Labubu craze reflects wider shifts in global consumer culture. Today’s toy market is no longer just for children.
The adult “kidult” sector, driven by nostalgia, comfort-seeking, and collectability, is rising.
The frenzy over Labubu is part of this trend, where millennials and Gen Z buyers invest in emotionally charged objects as expressions of identity, status and belonging.
At the same time, Labubu represents a growing intersection between play and finance. The resale market treats plushies like speculative assets. Their scarcity creates value; their emotional resonance creates demand.
It’s capitalism with a fuzzy face.
Not everything is cuddly. In cities like London or Seoul, Pop Mart was forced to suspend sales after scuffles broke out among fans competing to buy the toys. And a surge in global counterfeits has raised growing concerns over IP protection and consumer trust.
Labubu may look like a mischievous little elf, but it carries serious cultural weight.
It reflects a China that is no longer just a producer of goods, but a producer of desire.
It’s tempting to see Labubu as a fad like fidget spinners, Beanie Babies, or Tamagotchis. But it signals something deeper: a shift in how Chinese cultural products can evoke emotion, status and aspiration on a global scale.
This tiny plush toy took nearly a decade to become a global sensation. China’s hopes of fully realising its soft power potential may take even longer. But if Labubu is any indication, the way forward may depend less on state-led campaigns and more on organic, bottom-up cultural momentum.
Ming Gao receives funding from the Swedish Research Council. This research was produced with support from the Swedish Research Council grant “Moved Apart” (nr. 2022-01864). Ming Gao is a member of Lund University Profile Area: Human Rights.
– ref. Labubu plushies aren’t just toys. They’re a brand new frontier for Chinese soft power – https://theconversation.com/labubu-plushies-arent-just-toys-theyre-a-brand-new-frontier-for-chinese-soft-power-259146
Source: GlobeNewswire (MIL-OSI)
WASHINGTON, June 22, 2025 (GLOBE NEWSWIRE) — In recent months, XRP has been trading within a relatively narrow range, sparking debate among traders about its next move. With market momentum strengthening and investor interest rebounding, PFMCrypto’s newly introduced mining contracts are injecting fresh energy into the XRP ecosystem.
Breaking the Mold: Cloud Mining Contracts Designed Specifically for XRP
Visit the official PFMCrypto website: https://pfmcrypto.net
Unlike traditional mining based on proof-of-work (PoW), XRP operates on a consensus protocol, making conventional mining infeasible. PFMCrypto has addressed this challenge by introducing a simulated cloud mining model that allows users to earn XRP rewards through mining contracts.
PFMCrypto is a remote digital asset mining platform where users can rent computing power from PFMCrypto’s high-performance, eco-friendly mining facilities. The platform supports multiple cryptocurrencies including XRP, DOGE, BTC, LTC, and SOL—removing technical and financial barriers and making passive income more accessible than ever.
“This is more than just another crypto project,” said PFMCrypto’s Chief Technology Officer. “We’re creating a community-driven opportunity for growth within the XRP ecosystem, allowing users to mine via a smart-yield mechanism aligned with XRP’s architecture while delivering real, transparent value to users.”
Key Features of the PFMCrypto XRP Cloud Mining Contracts
– No Hardware Required: Accessible to all users without mining equipment or technical setup
– Daily Payouts: Earn mining rewards daily based on your contract participation
– Secure Custody: Assets are protected with PFMCrypto’s industry-grade security standards
– Flexible Contract Terms: Choose short-, mid-, or long-term options to match your investment strategy
Flexible Mining Plans for All Types of Investors
PFMCrypto offers over 10 contract options, giving users the freedom to choose what suits them best. Examples include:
$10 mining contract – 1-day term – Earn $0.60 per day
$100 mining contract – 2-day term – Earn $3.00 per day + $2 bonus
$1,000 mining contract – 9-day term – Earn $13.10 per day
$5,000 mining contract – 30-day term – Earn $78.50 per day
These innovative plans allow long-term XRP holders to continue investing during periods of market consolidation or correction—while enjoying consistent returns.
Click here to explore more XRP mining contracts.
June data shows a surge in participation for the new XRP mining contracts, with tens of thousands of wallets registered during the pilot phase (new users receive a $10 welcome bonus upon signing up). Many in the crypto community see this as a bullish signal, especially as XRP’s price has shown resilience amid broader market volatility.
What Sets PFMCrypto’s XRP Mining Contracts Apart?
– 100% Remote Access: No hardware, no technical skills—just log in and activate your plan.
– Capital Protection: Contracts guarantee full principal return at maturity.
– AI-Driven Profitability: Smart optimization ensures returns even during price stagnation.
– Daily Rewards: Predictable XRP payouts improve cash flow and reduce volatility risks.
How to Start Mining XRP on PFMCrypto
1. Register an Account: Get a $10 bonus plus $0.66 daily login rewards
2. Choose a Mining Contract: Activate a plan using your bonus or select your preferred option
3. Start Mining: Sit back and earn—rewards are automatically credited daily
A Smarter Way to Wait: Income During XRP’s Consolidation Phase
Founded in 2018, PFMCrypto has been at the forefront of cloud-based crypto mining, democratizing access to passive income through secure, AI-powered, and eco-friendly infrastructure. The platform helps users mine major cryptocurrencies like XRP, BTC, SOL, and DOGE—without costly equipment or deep technical knowledge.
Don’t wait for the next rally to start earning—activate your XRP mining contract now at https://pfmcrypto.net
Media Contact:
Amelia Elspeth
PFMcrypto
info@pfmcrypto.net
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 22 (Xinhua) — Wang Huning, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), met with Wan Muhamad Nor Matha, chairman of the National Assembly (parliament) and speaker of the House of Representatives (lower house) of Thailand, in Beijing on Sunday.
Wang Huning recalled that in February of this year, Chinese President Xi Jinping and Thai Prime Minister Phetongthan Shinawatra reached important agreements on deepening the construction of a China-Thailand community of shared destiny and indicated the future direction of development of bilateral ties.
As the CPPCC National Committee Chairman noted, China hopes to work with Thailand to seize the 50th anniversary of the establishment of diplomatic relations as an opportunity to continue the traditional friendship, strengthen the political, economic and social foundation of the China-Thailand community with a shared future, and bring greater benefits to the peoples of both countries.
Wang Huning announced the CPPCC National Committee’s intention to contribute to the development of interstate relations.
Wan Muhamad Nor Matha, for his part, stressed that Thai-Chinese friendship has a long history, and the concept of “Thailand and China are close as one family” is deeply rooted in the hearts of the people.
According to him, the Thai side supports a number of global initiatives put forward by President Xi Jinping and is willing to strengthen cooperation with China in various fields, including the joint construction of the Belt and Road, economy, trade and tourism.
Wan Muhamad Nor Matha added that the Thai parliament is committed to expanding exchanges and cooperation with China to promote the common development and prosperity of the two countries. –0–
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
ULAN BATOR, June 22 (Xinhua) — Mongolia’s industrial output fell 0.6 percent year-on-year to 15.5 trillion tugriks (over 4.3 billion U.S. dollars) in the first five months of 2025, local media reported Sunday, citing data from the National Statistics Committee.
“The decline is due to a 4.6 percent reduction in the production of key products in the mining and extractive industries,” the official statement says.
During the reporting period, coal production volumes decreased year-on-year by 23.7 percent, while crude oil production decreased by 14.9 percent.
Currently, the mining industry remains one of the main drivers of the Mongolian economy, as Mongolia is rich in natural resources such as gold, copper and coal. –0–
Source: GlobeNewswire (MIL-OSI)
SCARPERIA E SAN PIERO, Italy, June 22, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is teaming up with MotoGP, the highest class of motorcycle road racing events, in a high-octane partnership that merges the breakneck speed of racing with the high-stakes precision of crypto trading. As the newly minted Regional Partner for select Grand Prix events across Europe and Southeast Asia, Bitget is bringing crypto onto the track, and into the fast lane.
Kicking off at the iconic Mugello Circuit during the Italian Grand Prix, the collaboration marks a new era where precision engineering meets algorithmic agility, and where every second, like every trade, has the power to make it count.
Bitget’s partnership will speed across multiple marquee MotoGP events in 2025, including Italy, Germany, Spain, and Indonesia, bringing together fans of motorsport and crypto under one roaring banner of performance, resilience, and speed.
“Racing is a sport of milliseconds; crypto is a market of micro-decisions. This partnership is our way of showing the world that success — on the track or on the charts — comes down to smart moves and fearless execution,” said Gracy Chen, CEO at Bitget. “We’re excited to join MotoGP in putting power, precision, and potential into the hands of every user and every fan.”
At the heart of the campaign is three-time MotoGP World Champion Jorge Lorenzo, whose relentless pursuit of perfection makes him a fitting icon for Bitget’s iconic “Make It Count” slogan.
“I’ve always believed that you win races not just on instinct — but by making every lap, every line, every second count. It’s the same mindset Bitget brings to trading, and I’m proud to be part of this story,” said Jorge Lorenzo. “The worlds of MotoGP and crypto aren’t as different as they seem — they both reward those who stay sharp and think fast.”
The campaign features trackside activations, exclusive VIP experiences, and a series of cross-platform digital initiatives. At Mugello, KOLs and media will get behind-the-scenes access to the paddock and rider interactions, blending all the high-octane energy of race weekend, wrapped in a sleek, Bitget-branded experience.
“MotoGP is built on precision, innovation, and high-speed decisions — values that align naturally with Bitget,” agreed MotoGP CCO Dan Rossomondo.
This collaboration follows Bitget’s headline partnerships with Lionel Messi, Juventus, and LALIGA, reinforcing its track record in bridging the gap between crypto and culture. With over 120 million users globally and a daily trading volume topping $20 billion, Bitget continues to shift the narrative from volatility to victory.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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 our Terms of Use.
About MotoGP
Faster. Forward. Fearless. Since 1949, MotoGP™ has grown into a global sports and entertainment brand with an incredible legacy and an even more exciting future. Each season, the greatest riders from across the globe come together to race the fastest prototype motorcycles on some of the world’s greatest racetracks – creating the most exciting sport on Earth.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/03b113c6-2186-4508-9d93-c4a9a4891cff
https://www.globenewswire.com/NewsRoom/AttachmentNg/40b635c2-4097-40b8-ab76-6b7f11ff6cf0
Source: GlobeNewswire (MIL-OSI)
SCARPERIA E SAN PIERO, Italy, June 22, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is teaming up with MotoGP, the highest class of motorcycle road racing events, in a high-octane partnership that merges the breakneck speed of racing with the high-stakes precision of crypto trading. As the newly minted Regional Partner for select Grand Prix events across Europe and Southeast Asia, Bitget is bringing crypto onto the track, and into the fast lane.
Kicking off at the iconic Mugello Circuit during the Italian Grand Prix, the collaboration marks a new era where precision engineering meets algorithmic agility, and where every second, like every trade, has the power to make it count.
Bitget’s partnership will speed across multiple marquee MotoGP events in 2025, including Italy, Germany, Spain, and Indonesia, bringing together fans of motorsport and crypto under one roaring banner of performance, resilience, and speed.
“Racing is a sport of milliseconds; crypto is a market of micro-decisions. This partnership is our way of showing the world that success — on the track or on the charts — comes down to smart moves and fearless execution,” said Gracy Chen, CEO at Bitget. “We’re excited to join MotoGP in putting power, precision, and potential into the hands of every user and every fan.”
At the heart of the campaign is three-time MotoGP World Champion Jorge Lorenzo, whose relentless pursuit of perfection makes him a fitting icon for Bitget’s iconic “Make It Count” slogan.
“I’ve always believed that you win races not just on instinct — but by making every lap, every line, every second count. It’s the same mindset Bitget brings to trading, and I’m proud to be part of this story,” said Jorge Lorenzo. “The worlds of MotoGP and crypto aren’t as different as they seem — they both reward those who stay sharp and think fast.”
The campaign features trackside activations, exclusive VIP experiences, and a series of cross-platform digital initiatives. At Mugello, KOLs and media will get behind-the-scenes access to the paddock and rider interactions, blending all the high-octane energy of race weekend, wrapped in a sleek, Bitget-branded experience.
“MotoGP is built on precision, innovation, and high-speed decisions — values that align naturally with Bitget,” agreed MotoGP CCO Dan Rossomondo.
This collaboration follows Bitget’s headline partnerships with Lionel Messi, Juventus, and LALIGA, reinforcing its track record in bridging the gap between crypto and culture. With over 120 million users globally and a daily trading volume topping $20 billion, Bitget continues to shift the narrative from volatility to victory.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com
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 our Terms of Use.
About MotoGP
Faster. Forward. Fearless. Since 1949, MotoGP™ has grown into a global sports and entertainment brand with an incredible legacy and an even more exciting future. Each season, the greatest riders from across the globe come together to race the fastest prototype motorcycles on some of the world’s greatest racetracks – creating the most exciting sport on Earth.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/03b113c6-2186-4508-9d93-c4a9a4891cff
https://www.globenewswire.com/NewsRoom/AttachmentNg/40b635c2-4097-40b8-ab76-6b7f11ff6cf0
Source: The Conversation – Global Perspectives – By Javed Ali, Associate Professor of Practice of Public Policy, University of Michigan
In the early hours of June 22, 2025, local time, the United States attacked three nuclear facilities in Iran with “bunker buster” bombs and Tomahawk missiles.
Following more than a week of Israeli strikes on various targets in Iran – which had prompted retaliatory strikes from Tehran – the U.S. move marks a possible inflection point in the conflict. In initial comments on the strikes at the Fordo, Isfahan and Natanz facilities, President Donald Trump said that Iran’s nuclear program had been “completely and fully obliterated.” In response, Iran’s Foreign Minister Abbas Araghchi said the U.S. had “crossed a very big red line.”
The Conversation U.S. turned to Javed Ali, an expert on Middle East affairs at the University of Michigan and a former senior official at the National Security Council during the first Trump administration, to talk through why Trump chose now to act and what the potential repercussions could be.
President Trump has been forcefully hinting for days days that such a strike could happen, while at the same time opening up a window of negotiation by suggesting as late as June 20 that he would make a decision “within the next two weeks.” We know Trump can be very unpredictable, but he must have assessed that the current conditions presented an opportunity for U.S. action.
Trump met with the National Security Council twice in the days leading up to the strike. Typically at such meetings the president is presented with a menu of military options, which usually boil down to three: a narrow option, a middle ground and a “if you really want to go big” strike.
The one he picked, I would argue, is somewhere between the narrow option and the middle ground one.
The “go big” options would have been an attack on nuclear sites and Iranian leadership – be that senior members of Iran’s Revolutionary Guard, or possibly the Supreme Leader Ayatollah Ali Khamenei. The more narrow approach would have been just one facility, likely to have been Fordo – a deeply fortified uranium enrichment site buried within a mountain.
What did occur was a strike there, but also at two other sites – Isfahan and Natanz.
U.S. military chiefs confirmed that that 12 GBU-57s – the so-called 30,000-pound bunker busters – were dropped by B-2 bombers on Fordo, and two on Isfahan.
That suggests to me that the military goal of the operation was to destroy Iran’s ability to produce and or store highly enriched uranium in a one-time strike rather than drag the U.S. into a more prolonged conflict.
It will take some time to properly assess the extent to which Iran’s ability to produce or store highly enriched uranium has been damaged.
Certainly we know that the bombs hit their targets, and they have been damaged – but to what extent is not immediately clear. General Dan Caine, chairman of the Joint Chiefs of Staff, said that all three target sites had suffered “extremely severe damage and destruction” – possibly rolling back from Trump’s “fully obliterated” assessment. Perhaps most tellingly, Iran has not commented yet on the extent of the damage.
But to Trump, the objective was not just military but political, too. Trump has long said “no” to a nuclear Iran while at the same time has expressed that he has no desire to drag the U.S. into another war.
And this strike may allow Trump to achieve those seemingly contradictory goals. If U.S. initial assessments are correct, Iran’s nuclear program will have been severely compromised. But the strikes won’t necessarily pull U.S. into the conflict fully – unless Iran retaliates in such a way that necessitates further U.S. action.
And that is what Iran’s supreme leader and his military generals will need to work out: Should Iran retaliate and, if so, is it prepared to deal with a heavier U.S. military response – especially when there is no end in sight to its current conflict with Israel.
Iran has in the past tried to respond proportionately to any attack. But here is the problem for Iran’s leaders: There is no feasible proportionate response to the United States. Iran has no capability to hit nuclear plants in the U.S. – either conventionally or through unconventional warfare.
But there are tens of thousands of U.S. troops in the region, stationed in Iraq, Syria, the United Arab Emirates, Oman, Qatar and Jordan. All are in range of Iran’s ballistic, drones or cruise missiles.
But that military inventory has been depleted – both by using ballistic missiles in waves of attacks against Israel and by Israel hitting missile launch and storage sites in Iran.
Similarly, Tehran’s capacity to respond through one of its proxy or aligned groups in the region has been degraded. Hezbollah in Lebanon and Gaza’s Hamas – both of whom have ties to Iran – are in survival mode following damaging attacks from Israel over the past 18 months.
The Houthis in Yemen are in many ways the “last man standing” in Iran’s so-called “Axis of Resistance.” But the Houthis have limited capability and know that if they do attack U.S. assets, they will likely get hit hard. During Operation Rough Rider from March to May this year, the Trump administration launched over 1,000 strikes against the Houthis.
Meanwhile Shia militias in Iraq and Syria that could be encouraged to attack U.S. bases haven’t been active in months.
Of course, Iran could look outside the region. In the past the country has been involved in assassinations, kidnappings and terror attacks abroad that were organized through its Quds Force or via operatives of MOIS, its intelligence service.
But for Iran’s leaders, it is increasingly looking like a lose-lose proposition. If they don’t respond in a meaningful way, they look weak and more vulnerable. But if they do hit U.S. targets in any meaningful way, they will invite a stronger U.S. involvement in the conflict, as Trump has warned.
The parallel I see here is with the killing of Iranian general and commander of the Quds Force, Qassem Soleimani, in January 2020 by a U.S. drone strike.
On that occasion, Iran promised a strong retaliation. Its retaliatory attack against the U.S. Ain al-Asad air base in Iraq involved 27 ballistic missiles and caused the physical destruction of some of the facilities on base as well as traumatic brain injury-type symptoms to dozens of troops and personnel, but no deaths. Nevertheless, after this both the U.S. and Iran then backed off from deepening the conflict.
The circumstances now are very different. Iran is already at war with Israel. Moreover, the U.S. went after Iran’s crown jewels – its nuclear program – and it was on Iranian territory. Nonetheless, Khameini knows that if he retaliates, he risks provoking a larger response.
The U.S. has suggested that it has the intelligence and ability to hit senior leadership in Iran. And any “go big option” would have likely involved strikes on key personnel. Similarly there could be plans to hit the Iranian economy by attacking oil and gas targets.
But such actions risk either damaging the global economy or drawing the U.S. deeper into the conflict – it would evolve from a “one and done” strike to a cycle of attacks and responses. And that could widen political cracks between hawks in the administration and parts of Trump’s MAGA faithful who are against the U.S. being involved in overseas wars.
Trump has not closed his “two weeks” window for talks – theoretically it is still open.
But will Iran come to table? Leaders there had already said they were not willing to entertain any deal while under attack from Israel. Araghchi, Iran’s foreign minister, said after the U.S. strikes that the time for diplomacy had now passed.
In any event, you have to ask, what can Iran come to the table with? Do they have much of a nuclear program anymore? And if not, what would they try to negotiate? It would seem, using one of Trump’s phrases, they “don’t have the cards” to make much of a deal.
Javed Ali does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
– ref. US bombs Iran’s nuclear sites: What led to Trump pulling the trigger – and what happens next? – https://theconversation.com/us-bombs-irans-nuclear-sites-what-led-to-trump-pulling-the-trigger-and-what-happens-next-259519
Source: GlobeNewswire (MIL-OSI)
New York City, June 22, 2025 (GLOBE NEWSWIRE) — XRP has been trading in a tight range between $2.05 and $2.33 over the past 30 days, with the $3.00 resistance level struggling to break through. This period of price consolidation coincided with the launch of PBK Miner’s innovative XRP cloud mining contracts — a move that quickly sparked strong interest from both long-term holders and new market entrants.
Despite a series of bearish signals — such as declining XRP Ledger network activity, falling open interest in futures markets, and continued weakness in technical indicators — the launch of PBK Miner’s product has injected new momentum into the XRP ecosystem.
Visit the official PBK Miner website: https://pbkminer.com/
Breaking the Rules: Cloud Mining Designed for XRP
Unlike traditional mining that relies on Proof of Work (PoW), XRP uses a consensus protocol, which makes traditional mining methods impossible. PBK Miner addresses this challenge by introducing a simulated cloud mining model that allows users to receive XRP rewards through mining contracts.
PBK Miner is a remote digital asset mining platform that allows users to rent computing power from PBK Miner’s high-performance, environmentally friendly mining facilities. The platform supports multiple cryptocurrencies, including XRP, DOGE, BTC, LTC, and SOL, eliminating technical and financial barriers and making passive income more accessible than ever before.
Key features of PBK Miner XRP cloud mining contracts
– No hardware required: Accessible to all users, no mining equipment or technical setup required
– Daily payouts: Earn mining rewards daily based on your contract participation
– Safe custody: Assets are protected by PBK Miner’s industry-grade security standards
– Flexible contract terms: Choose short-term, mid-term or long-term options to match your investment strategy
Flexible mining plans to meet the needs of all investors
PBK Miner offers over 10 different contract options, giving users the freedom to choose the plan that best suits their needs.
Examples include:
$10 Mining Contract – 1 Day Term – Earn $0.60 per day
$100 Mining Contract – 2 Day Term – Earn $3.50 per day
$1,000 Mining Contract – 10 Day Term – Earn $13.50 per day
$5,000 Mining Contract – 30 Day Term – Earn $77.50 per day
These innovative programs enable long-term XRP holders to remain invested during sideways or corrective markets while enjoying consistent returns.
Click here to explore $100 XRP mining contracts.
How is PBK Miner’s XRP mining contract different?
– 100% remote access: no equipment, no technical skills required – just log in and activate your plan
– Capital protection: Contract guarantees full return of principal at maturity
– AI-driven profitability: Yield optimization ensures profitability even during price stagnation
– Daily rewards: Predictable XRP payouts improve cash flow and reduce volatility risk
New users get a $10 sign-up bonus and daily login rewards to make it easier to get started.
A spokesperson for PBK Miner said: “The timely launch of this product by PBK Miner may be a catalyst for XRP to overcome the current market stagnation. It boosts investor sentiment and stimulates new demand in the spot and derivatives markets. The product is designed to be consistent with XRP’s architecture while providing real and transparent value to users.”
How to start mining on PBK Miner:
1. Register: Sign up now to get a $10 welcome bonus and a $0.60 daily login bonus
2 Choose a contract: Use your bonus to activate a mining plan or choose a plan that fits your budget
3 Start mining: Activate your contract and PBK Miner will take care of the rest. Mining rewards will be automatically credited to your account
About PBK Miner
Founded in 2019, PBK Miner is committed to changing the traditional cryptocurrency mining landscape. For many years, cryptocurrency mining was limited to tech-savvy users with custom mining machines and stable electricity. PBK Miner allows anyone to earn XRP, BTC, SOL, or DOGE in real time, without technical knowledge or large upfront investments.
For everyday users, PBK Miner offers a legitimate way to grow their cryptocurrency holdings, generate a steady income, and weather volatile markets.
Explore the future of XRP mining: https://pbkminer.com
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Attachment
Source: GlobeNewswire (MIL-OSI)
New York City, June 22, 2025 (GLOBE NEWSWIRE) — XRP has been trading in a tight range between $2.05 and $2.33 over the past 30 days, with the $3.00 resistance level struggling to break through. This period of price consolidation coincided with the launch of PBK Miner’s innovative XRP cloud mining contracts — a move that quickly sparked strong interest from both long-term holders and new market entrants.
Despite a series of bearish signals — such as declining XRP Ledger network activity, falling open interest in futures markets, and continued weakness in technical indicators — the launch of PBK Miner’s product has injected new momentum into the XRP ecosystem.
Visit the official PBK Miner website: https://pbkminer.com/
Breaking the Rules: Cloud Mining Designed for XRP
Unlike traditional mining that relies on Proof of Work (PoW), XRP uses a consensus protocol, which makes traditional mining methods impossible. PBK Miner addresses this challenge by introducing a simulated cloud mining model that allows users to receive XRP rewards through mining contracts.
PBK Miner is a remote digital asset mining platform that allows users to rent computing power from PBK Miner’s high-performance, environmentally friendly mining facilities. The platform supports multiple cryptocurrencies, including XRP, DOGE, BTC, LTC, and SOL, eliminating technical and financial barriers and making passive income more accessible than ever before.
Key features of PBK Miner XRP cloud mining contracts
– No hardware required: Accessible to all users, no mining equipment or technical setup required
– Daily payouts: Earn mining rewards daily based on your contract participation
– Safe custody: Assets are protected by PBK Miner’s industry-grade security standards
– Flexible contract terms: Choose short-term, mid-term or long-term options to match your investment strategy
Flexible mining plans to meet the needs of all investors
PBK Miner offers over 10 different contract options, giving users the freedom to choose the plan that best suits their needs.
Examples include:
$10 Mining Contract – 1 Day Term – Earn $0.60 per day
$100 Mining Contract – 2 Day Term – Earn $3.50 per day
$1,000 Mining Contract – 10 Day Term – Earn $13.50 per day
$5,000 Mining Contract – 30 Day Term – Earn $77.50 per day
These innovative programs enable long-term XRP holders to remain invested during sideways or corrective markets while enjoying consistent returns.
Click here to explore $100 XRP mining contracts.
How is PBK Miner’s XRP mining contract different?
– 100% remote access: no equipment, no technical skills required – just log in and activate your plan
– Capital protection: Contract guarantees full return of principal at maturity
– AI-driven profitability: Yield optimization ensures profitability even during price stagnation
– Daily rewards: Predictable XRP payouts improve cash flow and reduce volatility risk
New users get a $10 sign-up bonus and daily login rewards to make it easier to get started.
A spokesperson for PBK Miner said: “The timely launch of this product by PBK Miner may be a catalyst for XRP to overcome the current market stagnation. It boosts investor sentiment and stimulates new demand in the spot and derivatives markets. The product is designed to be consistent with XRP’s architecture while providing real and transparent value to users.”
How to start mining on PBK Miner:
1. Register: Sign up now to get a $10 welcome bonus and a $0.60 daily login bonus
2 Choose a contract: Use your bonus to activate a mining plan or choose a plan that fits your budget
3 Start mining: Activate your contract and PBK Miner will take care of the rest. Mining rewards will be automatically credited to your account
About PBK Miner
Founded in 2019, PBK Miner is committed to changing the traditional cryptocurrency mining landscape. For many years, cryptocurrency mining was limited to tech-savvy users with custom mining machines and stable electricity. PBK Miner allows anyone to earn XRP, BTC, SOL, or DOGE in real time, without technical knowledge or large upfront investments.
For everyday users, PBK Miner offers a legitimate way to grow their cryptocurrency holdings, generate a steady income, and weather volatile markets.
Explore the future of XRP mining: https://pbkminer.com
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Attachment
Source: United Kingdom – Executive Government & Departments
The ground-breaking Find and update company information service was launched 10 years ago. Free access to Companies House data continues to support economic activity and corporate transparency, while new legislation underpins an organisational drive to improve the quality of data on the UK companies register.
Today (22 June 2025) marks 10 years since Companies House made all public digital data on the UK companies register free of charge with the launch of the Find and update company information service on GOV.UK. This commitment to open data was designed to improve corporate transparency and give entrepreneurs the opportunity to come up with innovative ways of using information on the register.
In the last 10 years, the appetite for Companies House data has grown more than tenfold. The register was accessed 1.3 billion times for free information in 2015 to 2016. By 2023 to 2024, it was accessed over 16.5 billion times.
Companies House data is widely used by companies, creditors, investors and researchers, credit reference agencies and providers of financial information.
It’s also a trusted source for journalists and civil society, government, law enforcement and the public.
Companies House data is empowering businesses, easing commerce through the sharing of data, strengthening the fight against financial crime through accountability and helping businesses verify customers, and customers verify businesses.
Companies House Chief Data Officer, Charlie Boundy said:
In 2015 we broke new ground for corporate registers with our commitment to open data. Ten years later that bold decision has led to Companies House supporting 16 billion searches a year, underpinning millions of pounds of everyday financial decisions and our data being valued by industry at £1 billion to £3 billion annually.
Now, Companies House is implementing changes to company law under the Economic Crime and Corporate Transparency Act (ECCT Act) to improve the integrity and accuracy of data on our register. This will make it even more valuable to users and further support economic growth.
Competition and Markets Minister Justin Madders said:
Over the last 10 years increased transparency from Companies House has empowered businesses big and small, helping level the playing field and improving confidence in our economy.
As part of our Plan for Change we’ll continue to build on this success, strengthening transparency to give companies and consumers more certainty about the businesses they work with.
Ben Cowdock, Senior Investigations Lead, Transparency International said:
For 10 years, the online platform at Companies House has delivered world-leading corporate transparency, setting an example for the best way to make company information available to the public. The data on this platform has contributed to countless investigations into corruption and financial crime by law enforcement, the private sector and civil society alike, and makes the UK a safer place to do business.
We at Transparency International UK use the Companies House service on a daily basis, with the data providing a cornerstone to our research and investigations. We look forward to many more years of using the platform and working with Companies House to ensure it remains a world-leading service for those seeking company information.
Steve Lamb, Chief Operating Officer at Kyckr said:
The launch of the Companies House open data service in 2015 marked a profound leap forward for corporate transparency in the UK. By making company information freely accessible to all, Companies House democratised access to one of the world’s most important datasets, enabling commerce, driving accountability, and strengthening the global fight against financial crime.
At Kyckr, we’ve seen firsthand how open and authoritative registry data can transform the way businesses verify customers and combat illicit activity. Given the UK’s enduring position as an international financial hub, the move by Companies House set a powerful precedent – one that continues, rightly, to be celebrated.
Companies House data is estimated to be worth £1 billion to £3 billion per year to users.
For anti-money laundering (AML) regulated businesses, research published in 2024 suggests the value of company register information is £170 million to £460 million per year in total. ECCT Act reforms are expected to add between £210 million to £400 million in extra value. Much of this is attributed to the introduction of mandatory identity verification for company directors from this autumn.
The Economic Crime and Corporate Transparency Act 2023 introduced robust new laws to fight corruption, money laundering and fraud.
The changes we are introducing in phases will enable us to crack down on misuse of the UK companies register.
2019 research Valuing the User Benefits of Companies House Data found that it is worth an estimated £1 billion to £3 billion per year to users.
The 2024 Value of corporate transparency in tackling crime report found that:
Both user groups considered the introduction of identity verification for company directors to be the greatest contributor to the increase in value.
Source: South Africa News Agency
The Kgodumodumo Dinosaur Interpretation Centre is a living gateway into South Africa’s deep past and dynamic future, Tourism Minister Patricia de Lille said on Sunday.
“This Centre tells the story of a world 200 million years ago, yet it is also a story of the Basotho people, whose ancient wisdom and oral traditions gave rise to the mythical Kgodumodumo, now brought to life in scientific exhibition,” de Lille said.
She was speaking at the launch of the centre at the Golden Gate Highlands National Park in the Free State.
WATCH | Kgodumodumo Dinosaur Interpretive Centre Launch
[embedded content]
The Minister said the centre also tells the story of the land claimant settlement agreement which includes a beneficiation package that largely consists of eco-tourism opportunities such as a camping site, horse riding, mountain biking, a 4×4 trail and hiking trails.
“I want to acknowledge that the Kgodumodumo Dinosaur Interpretation Centre has been made possible through close collaboration and partnership between the Department of Tourism, Evolutionary Studies Institute of the University of the Witwatersrand, South African National Parks [SANParks], National Treasury, the Department of Forestry, Fisheries and Environment [DFFE], the Free State Province and most importantly, the surrounding communities.”
The Minister was also grateful for the donor funding from the European Union of R120 million.
“I want to thank all partners for their invaluable contributions, both past and future. A special mention to the University of the Witwatersrand, which has a long tradition of palaeontological research.
“Subsequent work at this site revealed more nests at different levels, indicating that this was a seasonal nesting place for dinosaurs. We have created something both monumental and meaningful.”
De Lille said the centre is not just a museum.
“Government is diversifying tourism attractions to grow tourism. The Interpretation Centre will act as a catalyst for broader tourism development in the Free State’s rural economy,” she said adding that the centre will boost domestic tourism in one of the least visited provinces in the country.
“The province of the Free State is not a place to travel through but a place to travel to. We have trained 15 tour guides from the local community.”
The Department of Tourism launched the centre in partnership with the DFFE.
The two departments recently signed a Memorandum of Understanding (MoU) to develop the Kgodumodumo Dinosaur Interpretation Centre to boost tourism in the Free State.
The centre will offer visitors an innovative, creative and quality demonstration of scientific knowledge (paleontological, archaeological and geological) with a broader appreciation of cultural heritage through interactive exhibitions.
The centre is managed by the SANParks, and it is envisaged that the facility will increase the bed occupancy and more activities for visitors to the park.
READ | Kgodumodumo Dinosaur Interpretation Centre to boost tourism
The development of the project includes the Interpretation Centre (paleontological offices and work space), the reception area, lecture halls, the display area-exhibition and display installation, the coffee/curio shop, the activity node – office, activity areas (children), parking – paved parking area, look-out point and bulk services, upgrade electrical supply – transformer and cable, sewer – connect to existing system water – connection. – SAnews.gov.za
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
URUMQI, June 22 (Xinhua) — The cross-border e-commerce sector in northwest China’s Xinjiang Uygur Autonomous Region has seen dynamic growth, with the advantages of two key ports of Alashankou and Horgos as “global purchasing and selling” channels becoming increasingly evident, achieving highly efficient and smooth trade flow.
Alashankou Port has seen strong growth in cross-border e-commerce. In the first five months of this year, 55.7376 million parcels worth 3.579 billion yuan (about 492 million U.S. dollars) were exported through Alashankou in cross-border online commerce, up 103 percent year-on-year. At the Alashankou Comprehensive Bonded Zone Cross-Border E-Commerce Industrial Park, trucks loaded with toys, consumer goods and other products bearing the stamp “Made in China” are constantly streaming toward Europe, Russia and other regions.
“From January to May this year, our company’s cross-border e-commerce export volume exceeded 20 million parcels, up 50 percent year-on-year and reaching a historical high,” Kong Xianglin, deputy general manager of Oushengtong Kahang International Logistics Co., Ltd., told Xinhua. “We are currently cooperating with platforms such as Pinduoduo and AliExpress to build overseas warehouses. In the second half of the year, business with Europe is expected to grow by another 60 percent.”
With explosive growth, cross-border e-commerce at Horgos is complementing Alashankou’s success. Over the same period, the port is expected to reach 28.05 billion yuan in trade volume, a staggering 890 percent year-on-year increase. At the cargo yard of Zhongguang Zhida Co., Ltd., daily necessities, small appliances, air conditioners and other goods are packed into containers before being shipped.
“Today, our company’s trading volume has reached US$700 million, up about 110 percent from a year ago and a record high,” said Jiang Yong, deputy general manager of Zhongguang Zhida Co., Ltd. “Based on Khorgos’s advanced industrial base and highly efficient logistics network, we will continue to deepen our presence in the Central Asian and European markets,” he continued.
The strong growth of the two ports is driven by the continuous optimization of the business environment and the upgrading of infrastructure. The Alashankou Port Authority, taking advantage of the Belt and Road Initiative, has invested in building a multifunctional cross-border e-commerce industrial park, attracting 15 companies and covering all import and export models. The Horgos Cross-Border E-Commerce Industrial Park has also brought together more than 40 enterprises and is purposefully building a comprehensive service ecosystem covering the entire supply chain.
Zhang Yan, head of the New Business Model Department of Alashankou Port and Commerce Bureau, said: “We actively leverage the advantages of geographical location and industrial agglomeration, implement various support measures, solve practical difficulties for enterprises, and continuously provide cross-border e-commerce companies with turnkey services, from warehouse logistics to financial services.”
At present, Alashankou and Horgos are making the transition from a “transit corridor economy” to an “industrial cluster economy”. With innovative models and an open ecosystem, they are jointly building a digital trade hub in a key area of the Silk Road Economic Belt, giving a strong impetus to the deepening of the opening up of Xinjiang’s border areas. -0-
Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 22 (Xinhua) — Chinese authorities are taking a long-term approach to economic development, investing in technology and human capital, which is evident in the evolution of emerging industries, be it green energy, industrial transformation or advanced manufacturing, said Jim Hui Neo, Managing Director of the World Economic Forum (WEF).
In an exclusive interview with Xinhua ahead of the upcoming Summer Davos forum, which will be held from June 24 to 26 in Tianjin, northern China, Neo said the expected attendance of 1,800 delegates, more than half of whom are from global businesses, indicates significant interest in China and Asia as a whole.
Companies and investors attending the event in Tianjin will seek partnerships in advanced manufacturing, technology, healthcare and other areas, she said.
Commenting on the investment climate in China and Asia, Neo noted that the “ingredients” in terms of policy coherence and consistency, availability of human capital, technology readiness and broader market support are “very strong.”
“I believe these different elements create an ecosystem that is favorable for both investors and business partnerships,” she explained.
Notably, Neo also said the Chinese economy has shown greater resilience amid global economic uncertainty. She said Asia is expected to account for about 60 percent of global GDP growth this year, with China contributing about 30 percent.
“So the outlook for Asia and China remains very strong,” Neo stressed, adding that there will be significant interest and attention to the potential of China and Asia at the upcoming meeting in Tianjin this year. “In particular, we will have sessions on China’s economic outlook, its approach to artificial intelligence, and the broader innovation ecosystem.”
Addressing growing tensions in global trade, Neo noted that the WEF has a working group on trade and investment that seeks to bring together business with governments, academia and international organizations for constructive dialogue and the formation of mutually beneficial partnerships.
“I emphasize the word ‘mutually beneficial’ because we need to look for opportunities and areas of cooperation that can benefit everyone,” she said.
Neo said the WEF has a long-standing friendship with China and looks forward to continuing to work with the Chinese government, business and people to promote dialogue between China, Asia and the rest of the world.
“There is great interest in Asia and China, and we hope to continue to create a platform for constructive dialogue, exchange of ideas and views, and to stimulate new partnerships and find solutions to global challenges,” she said.
The 2025 Summer Davos Forum, or the 16th annual meeting of the World Economic Forum’s emerging leaders, entitled “Entrepreneurship in a New Era,” will focus on five key areas: decoding the global economy, China’s prospects, transforming industries, investing in people and the planet, and new energy and materials. -0-
